Chapter 606 Before the Storm
After a long journey to Hong Kong City, he first sent Zuo Ziyan back home.
The Falcon 7X flew directly from Paris to the port city, and with the remaining fuel in the tank, it could still fly about 1350 kilometers, and the comfort level during the journey was quite high.
There will be no ear discomfort due to changes in cabin air pressure. Also, since the route altitude is above 15000 meters, the turbulence caused by air flow is reduced, and the temperature remains constant at around 21 degrees Celsius.
Overall, after this long voyage, Fan Wumian did not regret placing the order to buy it. It was a pity that he had to wait another half a year to actually get it. The subsequent pilot training, supporting maintenance team, etc. would be left to the entrusted private jet leasing company.
The aircraft was purchased in the name of a family trust fund, and the subsequent loan repayments are also the responsibility of this company. The loan interest can be deducted as a financial expense before corporate income tax, thus reducing some taxes. Fuel and parking fees incurred during the use of the aircraft can also be deducted from taxes.
We took a car back to the mansion at No. 89 Repulse Bay Road. Someone had been arranged to clean the place in advance, and we could still smell a faint fragrance.
Some people may like to hire a live-in nanny, cook, driver, etc., but Fan Wumian feels that his home is more private without outsiders, and everything else can be saved except bodyguards and security guards.
It was about three in the morning, and I was full of energy.
Fan Wumian was sitting in his study checking his email when he saw that the staff of the family office had asked him more than ten hours ago how the first wealth management product of the Mainland Bandit King Fund should help clients allocate assets.
This is a good question.
The Hong Kong City Bandit King Fund has already started operating, and the Bandit King Fund registered in the Mainland has just been approved.
He plans to issue four wealth management products at once, with the upper limit of funds raised set at RMB 50 billion. The themes cover consumption, technology, finance and real estate, and all are mixed funds.
As of the end of last year, there were only 100 fund management companies in the mainland with asset management scale of more than 24 billion yuan. Fan Wumian’s move is so big that it is obvious that he wants to get rich overnight.
The reason why he dared to take such a big step was mainly based on his influence. He could use the media to promote his fund company in the mainland on a large scale.
Moreover, before the financial tsunami caused by the subprime mortgage crisis, A-shares will experience another frenzy before the bubble bursts. Entering the market early will help seize the opportunity and earn management fees from clients.
These four wealth management products are public funds and can be promoted on a large scale. According to mainland regulations, private funds cannot be promoted through public channels and can only be raised from specific qualified investors. The number of investors in a single fund must not exceed 200.
As for private equity funds issued in the mainland, Fan Wumian wants to cooperate with more state-owned enterprises and big businessmen. This will help to build closer relationships and expand his circle of contacts.
Things like having a good personality and being down-to-earth are all useless. If you want to maintain a social circle, the best way is to use interests as a bond. This way the relationship will be the closest. When he helps those clients make money, his popularity will definitely become very good.
After all, there are so many gods and Buddhas in traditional culture, but the most popular one is always the God of Wealth in Taoism.
Fan Wumian casually rummaged through the drawer to find a pen and paper, then opened the Eastern Fortune Network and began to screen A-share listed companies one by one.
He paid special attention to liquor in the consumer sector and wrote down six companies in one breath, including Maozi, Wuniangye, Luzhou Laojiao, and Fenjiu, as well as Chongqing Beer, Tianhai Flavor Industry, Shuanghui Food, Suning Electric Appliances, etc.
The financial sector is dominated by banks and brokerage stocks, which are all leading large enterprises that Fan Wumian is more familiar with. The same is true for the real estate and infrastructure sectors, and Sanyao Heavy Industry and Luoshi Cement are also included.
As for the technology sector, it made him a little troubled, because most Internet companies with a bit of strength had gone public overseas, so there were not many targets to attack.
After much deliberation, I only found some home appliance stocks including Haier, Gree and Changhong to make up the number.
After checking the information, he found that Meidi Home Appliances has not yet been listed. This is a pleasant surprise. Fan Wumian plans to invest in it in the form of a private equity fund. At the same time, he does not want to miss out on Nongfu Sanquan, which he found before. If it doesn't work, he can also support its competitors. He is very optimistic about the mineral water business in the mainland.
In addition to Dazu Laser, San'an Optoelectronics, Unigroup Guoxin, etc., the prototype of the heavy-weight configuration has been constructed.
By then, the funds will be diversified and the error tolerance rate will be relatively high. Fan Wumian feels that this is enough. However, as the scale of funds on hand grows, management will become more and more difficult. It is easy to invest after raising funds, but it is more troublesome to cash out at a high position.
Seeing that Huifeng Bank was about to collapse, from the time the crisis emerged to the time the market determined that the US government could not properly resolve the subprime mortgage crisis, it was estimated that there was still a few months of investment window.
When the A-share market is about to go completely crazy, Fan Wumian will need to be responsible for investors, cash out on a large scale to recover funds, and hold on to the money and wait and see for a while, so it is best to choose to diversify investments and select some leading stocks with strong risk resistance.
For example, the real estate sector, even if it encountered the subprime mortgage crisis, there was good news from the market to support it. Even if the stock price fell sharply, the recovery speed would likely be very fast, which is worthy of serious attention.
I searched for information everywhere and was busy until after five in the morning.
As it is winter in the northern hemisphere, the sky over the port city has not yet begun to turn white.
Fan Wumian still couldn't sleep, his biological clock was a mess, but luckily he didn't need to work, so he printed out the investment list after finalizing it. He was not in a hurry to send it to the family office, for fear of encountering corporate spies and leaking his plan in advance.
The Hong Kong City Bandit King Fund has raised more than HK$47 billion in funds, with many investors coming from Japan, South Korea, Southeast Asia and Formosa Province.
If you take food from other people's bowls, you will inevitably be noticed by your peers. It is always a good idea to keep something in hand.
Before going to bed, Fan Wumian searched the Internet for information related to the subprime mortgage crisis and the US housing market.
It was found that some people began to issue risk warnings, but the mainstream view of global financial institutions is still not to make too much of a fuss, believing that the Federal Reserve and Washington will not sit idly by.
It is not clear when Huifeng Bank will disclose the negative news to the public. He started preparing for short selling in advance. In addition to Huifeng Bank, he also included many US listed companies that were closely related to the subprime mortgage market, including American Financial Services, the largest subprime mortgage company in the United States, and New Century Financial, the second largest subprime mortgage company.
There are also a number of additional real estate companies listed in the United States that have also become candidate targets for Fan Wumian's short selling.
While in New York, Fan Wumian had just met with Zowon Rogers and learned a list of companies with greater risks. He didn't expect that it would come in handy so soon.
The money earned from going long on Apple shares can be used as principal, but there will be many places to spend money in the future, and the HK$20 billion obtained from the unsecured loan cannot be embezzled for a long time.
In a few days, 48% of the shares of Boshi Fund Management Co., Ltd. will be auctioned, and he does not want to give up the opportunity to acquire these shares.
Participating in the judicial auction, once you buy these 48% of the shares, it means that you need to transfer the money as soon as possible. The official side is still waiting to return part of the principal to the victims before the New Year, and there is no way to delay it for too long.
After much thought, Fan Wumian felt that the more than 1 billion Hong Kong dollars on hand were not enough. He had to continue pledging Penguin shares and borrow some money for emergency.
The latest share price of Penguin Group has exceeded 430 billion Hong Kong dollars, so it is no problem to get back a second mortgage loan of to billion Hong Kong dollars.
Thinking about the money he just made from going long on Apple shares and the fact that the total amount of loans under his name would increase significantly again, Fan Wumian felt a little tired. He felt the pain because the interest alone every year was worth two or three Falcon 7Xs, or a dozen hybrid sailing yachts.
I can't bear to let the child catch the wolf.
Looking at the bright side, Fan Wumian felt that as long as he seized this opportunity, he might be able to pay off all the loans in his name at once, and even have a large sum of money left over, so he wouldn't have to worry about working capital in the next few years.
He originally thought of using part of the profits to buy Marvel Entertainment stocks, but seeing that the market was about to start a recession, he was not in a hurry anymore.
If everything goes well, through the two hedge funds on Wall Street, Marvel Entertainment might be bought out and privatized. (End of this chapter)