Chapter 512 Bankruptcy Fund

Chapter 512 Bankruptcy Fund

Chapter 512 Bankruptcy Fund

Made a hasty decision to go to Shanghai.

There are not many private jet flights in the mainland, so in order to rush to attend the dinner, I can only "share a flight" with others.

At around 4 p.m., as soon as Fan Wumian got on the small plane, three other passengers couldn't wait to come over to say hello and introduce themselves as employees of PricewaterhouseCoopers.

He remembered that the company behind the Hengda Real Estate fraud case was the multinational giant PricewaterhouseCoopers, which was responsible for auditing the financial statements. It was heavily fined afterwards and a number of old customers severed their cooperation relationship.

In the past, Fan Wumian might have thought that it was just a major case of financial fraud, but after standing at a certain height, he would look at the problem from a more comprehensive perspective.

When he heard the name of this company, he instantly thought of many things.

I unexpectedly began to wonder whether the entire incident of Hengda's bankruptcy involved Europe and the United States trying to take advantage of the opportunity to detonate the mainland real estate market and thereby drag down the mainland economy.

After all, Hengda's creditors include many European and American multinational giants. If the audit results were forged under duress, and PricewaterhouseCoopers, a well-established accounting firm, risked losing its reputation and the mainland market to commit fraud, there must be something fishy behind it.

If we put ourselves in their shoes, and imagine how we would destroy the economic development achievements of Europe, America, Japan and South Korea, we would know how to do so.

Fan Wumian will also first choose to attack real estate, just like the housing bubble in the island country, first pushing up prices and then destroying them, causing the years of savings of countless middle- and high-income earners to evaporate like bubbles and triggering a series of debt crises.

Combined with measures such as imposing tariffs, local small and medium-sized enterprises will be forced to close down, resulting in massive unemployment, and large multinational companies will be restricted from investing overseas, blocking the upgrading of technological industries. All-round containment is most likely to be effective.

Considering the strong regulatory power of various domestic measures, it is difficult to spontaneously brew a major crisis that can destroy the basic economic foundation. Behind the depression and recession of the real estate market more than ten years later, it is very likely that someone has set a big game.

The previous "world's second largest economies" were eventually severely tossed around by the United States, declining into the old, weak and sick. When it comes to how to defeat other countries, the United States is obviously quite experienced. After all, the post-war global financial order system was dominated by it.

These thoughts flashed through Fan Wumian's mind. For a few seconds, he felt as if he could do something, but because he had consumed too much energy at noon, he was too lazy to think about these complicated problems in detail.

The leading PwC employee was named Tong Tao, from Formosa Province, and spoke in a slightly sarcastic tone.

He followed the stewardess' instructions and sat down in a convenient position to talk to Fan Wumian. He suddenly asked:
"We came to Yanjing this time mainly to review the accounts of a company called Kunlun Fund, which has actually gone bankrupt."

"Last year, there were some problems in the mainland securities market, and more than a dozen companies went bankrupt one after another. Some time ago, there were two acquisition and restructuring projects, and our team also participated in them."

"Mr. Fan, are you also interested in the fund business? The news that you raised funds from Paulson's hedge fund on Wall Street has been quite popular in our circle recently."

Fan Wumian didn't detect any gloating in Tong Tao's tone. He casually flipped through the magazine and replied:
"It seems to be true. Someone persuaded me to invest in this hedge fund, and then I invested, but I didn't actually know what it did. There are too many types of funds, such as quantitative funds, hedge funds, private equity, public equity, and trusts, so I left them to others to manage for me."

This is just playing dumb.

When dealing with smart people, it is best to keep some things in reserve so that people can relax.

Going to the US market to short the subprime mortgage market and openly being bearish on the US housing market is no less than poking those Americans in the buttocks with a stick.

Fan Wumian doesn't want to wait until the thunder breaks out, because he jumps around too happily and ends up taking the blame for John Paulson and others.

It's really about taking the blame, not just a metaphor.

Who knows, there might be some unlucky guy who has gone bankrupt, his house taken away, and is left on the streets, who will take advantage of the time when Fan Wumian goes to Hollywood to give him a slap in the face.

Therefore, he only wanted to invest money to participate and get a share of the pie, and had no intention of standing on the stage himself. At most, he would only show his face as a "mascot" when hosting private parties to attract some potential big customers. If he were to give a public interview and say that "the U.S. housing market is over", it would be too much to be hated by others.

Considering that Fan Wumian is too young and only went to an art school to study acting in college, Tong Tao firmly believes what he said, which is consistent with the outside world's stereotype that celebrities "only know how to hype and make money, but have no real talent."

Tong Tao kept smiling and continued the topic:

"Mr. Fan has talented people under his command. The U.S. housing market has risen so much in recent years, and there may really be problems. According to the economic cycle, a new financial tsunami should also appear. When I was studying at the Wharton School of Business, the housing prices in Philadelphia were less than half of what they are now. Some classmates who stayed in Philadelphia said that they could hardly afford the rent."

really.

People who have studied in prestigious schools always mention their academic qualifications in a roundabout way.

Fan Wumian’s initial understanding of the “Wharton School of the University of Pennsylvania” came from the American TV series “2 Broke Girls”, in which the bankrupt rich girl “Caroline” who lost billions of dollars liked to say that she graduated from Wharton whenever she had nothing to do.

Maybe because he has been in the entertainment industry for too long and has seen many stars who graduated from elementary school or junior high school, earn tens of millions for a movie, spend hundreds of thousands every year studying abroad, but can only receive a few thousand yuan in salary, and their income is not as much as his. Fan Wumian does not care much about academic qualifications, but cares more about the personal abilities of his employees.

After listening, I just replied perfunctorily:

"Wharton, it's a great school. I have a few of your alumni in my company. Maybe they know you."

Since Fan Wumian's current wealth was calculated in "ten billion dollars", Tong Tao didn't think he was implying anything, so he took the opportunity to ask with a smile:

"Mr. Xiao Fan, are you interested in acquiring a fund company in the mainland? The Kunlun Fund I am in charge of this time has all the licenses in place and has a total debt of more than 7 million yuan. If you are willing to take over, I think the government will give you great support."

I almost choked.

Fan Wumian looked at Tong Tao with a look of idiot, and said speechlessly:

"If I want to start a fund company, I can find a way to get the approval myself. Why should I go through all the trouble and take on hundreds of millions of dollars in debt before starting a business? I just have money, not a madman who spends money everywhere for charity."

Tong Tao quickly explained:
"Of course we can discuss the debt. If it's convenient for you to leave your number, I can ask my colleagues to explain it to you in detail?"

After hearing this, he immediately guessed that he might get a commission by introducing business, so Fan Wumian decisively shook his head to show that he was not interested.

but.

He has recently been reading professional books about funds before going to bed and feels that the threshold is quite low and not as complicated as he had imagined.

Compared with countless fancy professional terms and algorithm formulas, none of them are as useful as the memory in his mind. After all, choosing the right investment target is the most important thing.

At the moment, I am thinking about investing in a new company in the two sides of the Taiwan Strait and Hong Kong, just like the two American hedge funds I have now, which can charge management service fees and extract a 20% performance commission from the net profit. That would be so cool.

It is equivalent to borrowing customers' money to make money for yourself without taking any risks. This kind of business is obviously much more promising than the entertainment industry, and the ceiling can even reach the "trillion" level.

Seeing that the conversation was not going well, Tong Tao decided to stop trying to embarrass himself.

Fan Wumian was still flipping through a magazine.

Magazines that can be put into a private jet are of high quality.

There is even a British company specializing in selling islands that has posted advertisements for the sale of Tahiti hotel resorts, as well as private islands in the Bahamas, Greece, Maldives, Dubai and other places.

The Bahamas, America's backyard, is too far away, and it takes more than ten hours to go to Greece. He focused his attention on the islands in the Maldives. The white sand beaches and clear waters made the photos look refreshing.

Only when you have no money do you have to constantly make choices in terms of material things. Fan Wumian quickly decided to find an opportunity to go and see it in person. If he liked it, he would invest in the development of a private island in the name of Valentino.
(End of this chapter)