Chapter 677 Already Invincible
Since the media broke the news at the end of April that U.S. real estate transaction volume fell by more than 4% in the first quarter of this year.
There is no other major negative news in the market. The U.S. stock market has maintained slight fluctuations for a long time, and has even risen slightly since June.
While Fan Wumian realized that Wall Street was frantically looking for buyers, he couldn't help but worry about being manipulated by other capitals to short sell and force him to cover his positions, thus giving up some of the profits he had already made.
When he learned that the subprime mortgage market had not stabilized after all and the risks were further exposed, he finally put his mind at ease.
The huge losses suffered by Huifeng Bank may be an isolated case. However, this time BNP Paribas also disclosed huge losses to the public and even froze three funds at one time. It is difficult for the outside world not to suspect that a real systemic subprime risk has been brewing.
In fact, the subprime mortgage crisis had been brewing for a long time, but in order to avoid greater losses, the oligarchs chose to conceal the truth collectively to reduce the negative impact and try to find other ways to resolve the crisis.
Needless to say, the credit must also go to Washington, D.C., the Federal Reserve, and Wall Street.
The Americans are so adept at this disgusting thing of dragging down other countries in the world by using their influence on the global economy, and they have no moral constraints at all.
At the same time, he holds a large number of shares in Paulson Hedge Fund and WM Rogers Hedge Fund Company, and also does large-scale short selling in the name of Hong Kong City Bandit King Fund. Both his fame and strength have pushed Fan Wumian to the forefront, making him one of the market-recognized "big short sellers in the subprime mortgage market" and regarded as a leader by countless short sellers.
This is also one of the important reasons why Fan Wumian chose to keep a low profile recently and focus on the entertainment industry.
If the transnational hot money is cheated in the A-share market in the name of investment, the negative impact will not be that great.
So if they go crazy and mess up the subprime mortgage market, and insist on lifting the fig leaf of Wall Street and Washington to show everyone their tattered underwear, that would be like a birthday star hanging himself - he is dying.
Huifeng Bank, which was the first to disclose its subprime mortgage loss data, has been under crazy suppression in the past two months, with its share price falling again and again. This is the result of offending Wall Street, and many senior executives have been forced to be replaced.
Miramax, a Hollywood film company that had previously collaborated with Fan Wumian, was suppressed to the point of being left with only a shell because it ignored Washington's obstruction and forced the release of the movie "Fahrenheit 911/". Even the former CEO of Disney was forced to resign.
There are too many lessons from the past telling Fan Wumian that he must never try to stop the general trend, so he should continue to short sell and act according to market rules, but he never publicly criticizes the US subprime mortgage market again and tries to keep a low profile.
While going with the flow, Fan Wumian was also considering whether there were any business opportunities in the losses announced by BNP Paribas.
Many of his recent investment activities are actually aimed at helping the clients of Shanzeiwang Fund and Bosera Fund to manage their finances, and have little to do with his personal business.
Suddenly remembering that he had read the news that BNP Paribas had invested in a local bank in the mainland, Jinling Bank, Fan Wumian naturally began to consider investigating BNP Paribas' assets in China to see if he could take the opportunity to help the private equity clients of its fund companies to bite off a few pieces of fat meat.
When private equity clients make money, he can charge management fees and performance commissions. In terms of interests, Fan Wumian and these clients are aligned.
Due to the influence of factors such as the US dollar interest rate hike, the financial crisis, and the subprime mortgage crisis, many foreign companies have a strong risk aversion sentiment, and in this situation they can take advantage of bargains in the easiest way.
For some truly high-quality assets, as long as Fan Wumian offers a reasonably good price, those foreign companies may choose to sell them to him. After all, if they keep the assets in their hands, their value will likely plummet in the short term.
They focus on short-term gains and losses, but Fan Wumian has a very long-term vision. He would rather bear some losses in the short term and try his best to acquire enough high-quality assets.
Currently, most of the funds he manages in the mainland have a short-term goal of seizing high-quality assets from foreigners.
In the next ten to twenty years, we may be able to maintain development dividends of over one trillion RMB and profit dividends of over 100 billion RMB each year.
Rather than competing for profits with the government and ordinary investors in the mainland, Fan Wumian felt that it would be better to snatch a living from foreign capital in order to better demonstrate his own capabilities.
In this way, when I get old and publish a memoir and autobiography in my later years, I will have a lot of achievements to write about. Even if I can't get the same treatment as Mr. Qu who passed away last year, at least I will be able to get my name in the history books.
During the period of distraction and thinking.
Liu Jialin, a Hong Kong actress who was signed by Wang Jinghua and indirectly connected with him through Fan Wumian's investment, handed over the microphone and said with a smile:
"Mr. Fan, can you sing a song? There is a lack of young singers in the Hong Kong music scene right now. If we ask who has the most talent and sings the best, it must be Mr. Fan." As soon as these words came out, everyone at the scene applauded.
Now even Jack Long, Andy Lau, and Stephen Chow are trying every means to get close to Fan Wumian, trying to get some resources and capital support. Other artists from Hong Kong and the mainland are even more jealous.
As it concerns future and income, even Ah Sa from the Twins group, who has a very Buddhist personality, talked to Fan Wumian several times tonight, hoping to get some opportunities to film.
Fan Wumian was in a good mood and said:
"Everyone is so enthusiastic, let's sing 'The Other Shore of the Forgotten River', the rhythm is a little more upbeat, we can dance together"
Once the subprime mortgage crisis collapsed, hundreds of millions of dollars were raised.
In order to hold the concert, Fan Wumian specially practiced dancing. At this moment, he sang and snapped his fingers and twisted his body, which made A Jiao become a fool. She held her best friend Ah Sa's arm and could only say "So cool!"
It is indeed both cool and handsome.
Even the elderly Liu Jialin and Li Jiaxin couldn't help swallowing their saliva. They stared at Fan Wumian without blinking, as if they wanted to swallow him in one bite.
Thirty is like a wolf, forty is like a tiger. At a young age, he relied on himself to rise to a billionaire family. The speed at which his net worth rose was unbelievable. Fan Wumian was too dazzling in the crowd. Even Jack Long couldn't help but said to Uncle Da:
"No wonder he has so many fans and is so popular. His charm is just too great. Fortunately, we became famous early. The young generation nowadays would be overwhelmed by him."
Uncle Da showed his signature smile and said:
"He's already invincible. Those who sing better than him aren't as handsome as him, and those who are more handsome than him aren't as rich or talented as him. His net worth is rising by billions. How can we compare?"
I am not afraid that no one will follow the ancient style, I am just afraid that the ancient style will be accompanied by DJ.
When Fan Wumian sang the DJ versions of "Drunken City", "Sword Soul", "A Smile in the World" and "Wandering Son's Chat" specially prepared for the concert, and everyone had just had a few drinks, the atmosphere on the yacht was instantly livened up.
Hong Kong speaks Cantonese, and the lyrics cannot be seen at the scene, so it doesn’t matter if many people don’t understand. Fan Wumian’s songs are still very popular in Thailand, Malaysia, Vietnam, Japan and South Korea, and there are also many people who don’t understand English songs but like to listen to them.
After experiencing Fan Wumian's live dominance up close, singers such as Eason Chan and Andy Lau were all convinced and danced happily while twisting their waists.
For publicity purposes, Pu Jiajing also helped take some photos and videos of the scene, intending to hand them over to the public relations department and post them online to do some free publicity for "Wushuang".
We rested on the yacht that night.
The next morning, the video of Fan Wumian dancing and singing was posted on Tudou and Penguin Weibo, and it quickly became popular.
The comment with the highest number of likes reads
——"Is this the life of a billionaire? Thank you for opening my eyes. When I go to the construction site to move bricks later, I will finally have something to brag about to my co-workers."
Fan Wumian's path to wealth is clear at a glance. Compared with those people who became rich through inheritance or fraud, people are not as hostile to him.
His previous songs such as the May Fourth special version of "Misplaced Time and Space" and the student version of "Half Life Snow", as well as his frequent donations to charity, have also helped him win a very good reputation.
Most netizens were just there to watch the fun and captured the video of Fan Wumian dancing, which was spread wildly across the Internet. However, relatively few people were talking about the movie "Wushuang".
Two days passed.
Zuo Ziyan, who had her summer vacation again, couldn't wait to return to Hong Kong to see Fan Wumian. She also complained that he bought a private jet but didn't go to England to visit her.
Fan Wumian only said that the situation is still a bit dangerous recently, and it is best not to go abroad as much as possible. (End of this chapter)