Chapter 253 Personal wealth of 19.7 billion yuan

A number of media reporters went to Xinghai Group to interview Fang Bai, but Fang Bai was no longer in China.

On May 11, he got on a plane to Los Angeles and went to Scooper to meet Sun Yan and throw him a favorability that could last for ten years to discuss the decoding chip.

Spend only half a day in Los Angeles and then transfer to N Covenant.

After another tossing and turning flight, Fang Bai finally arrived on Wall Street and stayed at the Four Seasons Hotel.

Before coming, he saved the number of detections and accumulated a hundred people.

This trip to the ugly country will not be too long, and I will return to China after finishing my errands, and there are still many things to do at home.

Now that it is 1994, not far from the 1997 financial crisis, Fang Bai has to make some preparations for the future, pull more contacts, and have fewer enemies in the future.

It would be great if you could pit Soros.

After resting, Fang Bai came to the office of the investment company the next day.

At present, the company has a total of more than a dozen employees.

His arrival was warmly welcomed by all the staff, but also a little uneasy.

Fang Bai first asked fund manager Simmons to make a work report to understand the stock holdings.

Microsoft stock, when I bought it last year, the average price reached $770 a share, and when I last reported, it fell to $655 at the trough, and the highest was only $750, and it is currently rising well, reaching $950.

When Fang Bai heard this, he felt that the Microsoft era was coming!

Currently, the company has purchased about $200 million in Microsoft stock.

Intel INTC, when I bought it, it reached $4,000 a share (post-weighting calculation), and when I last reported, it had risen to $5,200, reached $5,600 at the high, and is currently around $4,500, which has fallen.

The most purchased is Cisco stock, with an average price of about $350 at the time of purchase, which has risen to about $590 at the time of the last report, and is now falling again, only $450.

At the beginning of the year, the book value of the three stocks had reached $1.6 billion, and they had already made a lot of profits, up 45% from when they opened their positions.

But at present, due to the large number of Cisco shares held, the book value has fallen, and if customers withdraw cash, it is just flat interest expenses.

In other words, in the past year, I didn't earn a dime, and I worked for nothing.

On the bright side, no customers have withdrawn the principal yet, but a few customers have withdrawn interest, which has little impact.

Some time ago, the company received another $200 million investment from Citigroup, and there was no investment for the time being.

After reading the report, Fang Bai solemnly explained: "Microsoft, Intel, and Cisco, the funds we hold, invest according to 5:2:3, and continue to increase investment. ”

"Okay, understood!" Simmons didn't hesitate, he listened to the boss.

I went to Huaguo and was shocked when I learned about the boss's industry and deeds.

Although I don't quite understand why the boss has been insisting on investing in these three stocks, he is still in a small profit trend, which is stronger than his analysis and investment.

If the interest rate is not higher, it is reasonable to make a profit.

Fang Bai checked that his favorability was still 85 unchanged, he did a good job, and he also learned a lot of Chinese, a rare trusted subordinate, and encouraged: "Simmons, believe me, in a few years, I will give you a fortune." ”

When Simmons heard this, his eyes lit up, and he was still very moved: "Thank you boss for your trust, I'm doing well at the moment." ”

With such a large amount of money, let him manage it, what is not satisfied, his fame is quite famous on Wall Street.

Although he does not have the authority to move the funds in the large account, it is still possible to allocate tens of millions of dollars.

Fang Bai nodded in approval, and instructed: "During this time, you accompany me to visit customers, we need to invest again." ”

"Okay!" Simmons came to the spirit.

He followed the boss to visit the customers and witnessed the boss's miraculous eloquence, which can be fooled casually, no, it is to move the customers to invest in them.

In this way, he has mastered many contacts and become a well-known fund manager on Wall Street.

"Well, after this is done, your salary can be increased by 20%, with two bodyguards."

Simmons smiled and said in surprise: "Thank you, boss!" ”

Fang Bai only stayed in the company for half a day, and after learning about the company's business, he took Simmons to visit partners in the afternoon.

Wall Street is not big, Fang Bai has limited time, pay attention to efficiency, in one afternoon, he visited three companies, attracting tens of millions of dollars of investment.

In the next ten days, Fang Bai took Simmons to visit hundreds of elite investors on Wall Street, including fund managers, company directors, bankers, etc.

At Goldman Sachs, Fang Plata invested $200 million;

At Morgan Stanley, Fang Bai received an investment of $150 million;

……

Once born, twice ripe, Fang Bai this time to pull investment is much easier than the first time, a total of 2.05 billion US dollars.

These funds are reduced to zero, and they pour into the stock market every day, buying Microsoft, Intel, and Cisco stocks at a ratio of 5:2:3.

In other words, Xinghai Investment Company holds a total of about 3.35 billion US dollars in principal from customers, and still owes 200 million yuan in interest.

These three stocks have a daily trading volume of more than one billion US dollars, and Xinghai Investment Company's position building funds are nothing after they are reduced to zero.

Fang Bai was busy with this, it was much easier, and he didn't plan to continue tossing, there was only so much investment that could be pulled during this time.

When he was communicating with the senior management of Goldman Sachs, the other party heard that he was still in college and asked him if he had any ideas for further study at Harvard University.

Fang Bai refused, there are so many industries in China, he has no time to study abroad.

If it is an ordinary person, it is estimated that he will be ecstatic, and he would like to enter the school immediately.

It's hard to go abroad these days, but it's a trivial matter for Fang Bai.

In addition to the financial gain, Fang Bai also gained 65 contacts, and the total number of contacts reached 620, which was only 20 short of promotion.

The ring finger detection used this time was used on acquaintances many times, so there were not many new contacts gained.

Don't look at the fact that there are only 20 connections missing, Fang Bai has to stay in the ugly country for at least four days.

He has visited all the investment companies on Wall Street, and Fang Bai's reputation is already well-known on Wall Street.

The world's youngest richest man, a business genius, and in terms of personal wealth, can also rank among the top 100 in the world.

Located in Chinatown in the south of Manhattan, this is the largest birch community in Covenant, with many Chinese restaurants, shops, and entertainment venues.

There are naturally many birch people who can work on Wall Street, and their status is naturally much higher than that of ordinary birch people.

Recently, Fang Bai has frequently visited various institutions on Wall Street to attract investment, which has spread to Birch Street, and many Birch people discuss him.

"Fang Bai is very popular in China, and he can't imagine that he is still more mixed in a foreign country."

"He has such a big charm?"

"Don't talk about Wall Street, playing basketball in the NBA last year caused a sensation in the NBA, don't you know?"

"Well, I've forgotten about it, this guy is an investment freak."

A birch man is respected by the bigwigs on Wall Street, and they are naturally proud.

For example, ask a foreigner on Wall Street: "Do you know Fang Bai?" ”

"Of course I know, I guess people don't know me, our company's senior management has a very good relationship with him, and he also has a lot of investment in Xinghai Investment Company."

At the end of May, Fang Bai returned to Shencheng.

Exhausted, I rested at home for two days.

Qin Shuyu graduated with a bachelor's degree this year, has confirmed the qualification for research, and will continue to study at the University of Finance and Economics.

Recently, she has been an intern at Xinghai Group, helping Fang Bai deal with financial chores.

On the morning of June 3, Fang Bai came to the company.

On his desk, there were already two stacks of papers waiting for him to deal with.

While he was working on the papers, he asked his secretary Xu Kun to report to him on the latest important things.

"Chairman, the Shencheng stock market is slightly stable, and the pointing has recovered to 600 points, and the people of Shencheng say that you are the savior of A-shares......"

"On May 17th, Mayor Lu came back to the company once, but you haven't returned to China yet, you didn't say anything, Mr. Li entertained, Mayor Lu stayed for less than half an hour and left."

"On May 22, Gangcheng Lingshi Group called, and Vice President Gan Sen planned to visit you to discuss investment, but the other party left a phone number."

"The time of this year's Shencheng International Industrial Exhibition was announced, and it was on July 10, and our company got the invitation letter from the government."

Fang Bai's memory is very strong, and while he is dealing with affairs, he can also write down these things while listening to Xu Kun.

Xu Kun was afraid that he would not know, so he deliberately slowed down his speech and reported.

"How were VCD sales in May?"

"The data on the last day has not yet come out, and it is estimated that there will be 450,000 units."

"How is the villa selling? I haven't been following in two months. ”

"A total of 103 units have been booked, including 13 top-notch villas. There are 13 sets of customized shapes and 25 sets of customized decorations. ”

Fang Bai looked at his wealth, which had reached 19.7 billion yuan.

After Fang Bai listened to the report, the secretary saw that the chairman had nothing to ask, and then withdrew from the office.

After the secretary left, Fang Bai called Lu Chaomin first.

After the phone was connected, the two chatted for a while, and Lu Chaomin mainly wanted to thank Fang Bai in person.

After hanging up the phone, Fang Bai looked at the phone number of Gansen, the vice president of the Lingshi Group, on the table, and fell into deep thought.

At present, the market value of the three listed companies of the Lingshi Group has reached 20 billion US dollars, and Li Jiacheng's personal wealth is billions of US dollars, which is indeed more than the current Fang Bai.

At this time, Li Jiacheng's fame can be said to be in full swing, and his fame in China is very great, even greater than Fang Bai.

But in Shencheng, Fang Bai's fame is even greater.

In the past year, the media has often compared the two, saying whether Fang Bai's personal wealth can catch up with Li Jiacheng.

The main reason is that Fang Bai's wealth has grown too fast in the past year, VCD sales continue to be hot, and the profit margins of other industries are extremely high.

In addition, there are no companies listed yet, and it is unfair to compare them with listed companies.

In terms of scientific and technological content, Lingshi Group, which is mainly engaged in real estate, cannot be compared with Xinghai Group.

Therefore, more people in Shencheng are optimistic about Xinghai Group, thinking that Fang Bai's wealth will surpass Li Jiacheng sooner or later, and Lingshi Group has only been famous for a long time.

Of course, when it comes to Hong Kong City, the reputation of Xinghai Group is much worse, and even some Hong Kong people don't know about Xinghai Group, and Xinghai VCD is more famous than Xinghai Group and Fang Bai.

This can't be done, the media in Hong Kong City rarely reports on Xinghai Group and Fang Bai, and the information is not connected, just like looking down on the mainland rich, thinking that the mainland rich people all start their businesses based on their backgrounds.

But if you talk about the influence of international finance, Fang Bai will definitely beat Li Jiacheng, with his current relationship, if he really wants to toss the Lingshi Group, he may have to crack.

The other party called, probably because he wanted to invest, and there was nothing else to do.

Hualian Supermarket Company wants to be listed in Hong Kong City, and it does not need to rely on Lingshi Group, but if Li Jiacheng says that he is not optimistic about Hualian Supermarket Company, it will definitely have a great impact on the stock price.

The listing roadshow still needs to be subscribed by local tycoons in Hong Kong City.

In the B round of financing, Fang Bai intends to sell 10% of the shares, of which Citigroup refinances 5%, and the remaining 5% shares, which he hopes will be financed by Huifeng Bank or Hengsheng Bank, and then these banks will be responsible for the pre-IPO promotion.

As for the Lingshi Group, Fang Bai can't look down on it.

It's not that he can't look down on the Lingshi Group, Fang Bai is not so arrogant that no one is in sight, but in terms of financing, he has better channel resources.

Therefore, Fang Bai was too lazy to call back.

People want to invest, they are begging him, Fang Bai has no intention, he is still at the level of a big man, he takes the initiative to call back, like something, and he is not available.

In the afternoon, Fang Bai went to the office of the personnel department, found the personnel manager Lai Xia, and explained one thing to her:

"There is still more than a month to go, and the graduates will have to report and prepare for the work and training."

Lai Xia replied respectfully: "Well, we are almost ready, there are 1,090 graduates this year, including 660 undergraduate graduates, 350 master's students, 50 doctoral students, and 30 junior college graduates. ”

"How long is workshop training?"

"Including the company's induction training, one month for doctors, and three months for other graduates, mainly to be familiar with the workshop working environment, types of work, processes and products."

Fang Bai nodded, the training time in this workshop is much shorter than that of the state-owned Y enterprise, generally half a year, or even a year, and then at least one year as a technician in the workshop.

Xinghai Group lacks technical level personnel, and there is no need to engage in workshop training for so long.

It's been too long, and people are decadent.

In the next few days, Fang Bai inspected the research and development progress of the laboratory.

The successful trial production of the 120 kilowatt four-cylinder engine made Fang Bai particularly happy.

After the probing, it was found that the next step of small batch production was possible.

Next, he asked for small batch production, aiming to achieve large batch production by the middle of next year.

In this era, the global diesel engine market size is about 50 billion US dollars, and by 2020, it will reach 230 billion US dollars.

However, due to backward technology, domestic diesel engines only account for a very small part of the market, only 5 billion yuan in 2020, less than one billion US dollars.

And in this era, that's even lower.

In addition, vehicle diesel engines occupy a dominant position, reaching more than sixty percent, followed by marine diesel engines.

There is a big difference between vehicle diesel engine and marine diesel engine, and the diesel engine application direction of Xinghai Group is mainly for vehicles.

Xinghai Group's 120 kW four-cylinder engine is named XH4E163.

120 kilowatts of power is equivalent to 163 horsepower engine, named according to the size of the horsepower, but "4" means four-cylinder.

The net weight of the engine is 330kg, the air intake mode is supercharged and intercooled, in-line four-cylinder, rated speed 2000rpm, maximum torque

The displacement is 3.5L, and the minimum fuel consumption rate for full load is about 150g/, which is extremely low.

This data is extremely excellent, compared with the later generations of domestic engines of about 160 horsepower, to achieve this horsepower, the rated speed measurement value has soared to 2600rpm, the displacement has reached about 4.2L, and the minimum fuel consumption rate of full load is about 200g/

For old drivers who have driven cars, in economic mode, with the same speed of 100 kilometers per hour, some cars may reach more than 2200rpm, and larger displacements may only be about 1800rpm.

To achieve the same horsepower, the same displacement, the lower the required rev, the better the engine performance.

Xinghai Group's 163 horsepower engine is mainly suitable for medium-sized dump trucks, trucks, 5-10 ton truck cranes, light transport vehicles, pickup trucks, etc.

In terms of fuel consumption, Xinghai Group's diesel engines are very good, and have reached the international first-class level, far exceeding domestic diesel engines and better than most imported diesel engines.

In terms of vibration and noise, it is not much different from imported diesel engines.

However, in terms of electronic control system technology, Xinghai Group still relies on imports.

But in any case, in terms of small and medium-sized diesel engines, Xinghai Group has the ability to compete with international giants.

When the Shencheng International Industry Exhibition arrives, Fangbai intends to focus on the launch of this diesel engine and the supporting Zhongdu XH120C.

(End of chapter)