Chapter 842 New person in charge of Hong Kong Island Office

  Xia Jingxing’s Gulfstream private jet took off from New York and landed at Hong Kong Island International Airport after more than ten hours of long-distance flight.

  With his secretary Liu Xiaoduo, Zhang Chenguang and several bodyguards.

  As soon as the group walked out of the airport passage, they saw the convoy sent by Envision Capital’s Hong Kong Island Office to greet them.

At the beginning of    is a magnificent Maybach 57S, followed by three dark Mercedes-Benz S-Classes.

  Next to the front of the Maybach stood a man in his thirties with a gas head and a suit and leather shoes. He paced, raising his watch from time to time to look at the time.

  A man and a woman stood beside him, all dressed in professional attire.

  "Li Sir, when will the big boss arrive? I can't wait to see him! The global Chinese diamond bachelor list selected by the media some time ago, the big boss beat Li Yikai and successfully reached the top of the list!

  And he is so young, I don’t know what kind of women can be worthy of him! Can you see me okay? "

  Li Yaozu ignored the female staff who was idiotic, because he seemed to see the big boss.

  I took a closer look and did not admit his mistake. The big boss was surrounded by a few strong men in suits, and was striding towards him.

  Li Yaozu no longer hesitated immediately, trotting forward and greeted Xia Jingxing: "General Manager Xia, this is Li Yaozu. After President Abel is transferred to New York, I will temporarily act as the head of the Hong Kong office."

  Xia Jingxing looked at Li Yaozu a few times. He is not tall, thin, and very hot in Mandarin, but he has a very good resume. He has served as investment manager, vice president, and managing director at Goldman Sachs and Blackstone successively.

  Abel went back to the United States to do fundraising work. Before leaving, he recommended Li Yaozu to take over his position.

  Xia Jingxing had seen Li Yaozu's resume and agreed to the appointment, but before today, he had not personally met Li Yaozu himself.

  He smiled and handed it out: "Li Sheng, you have come to pick me up for your hard work."

  Li Yaozu has a good impression of the approachability of the young Boss. While shaking hands with Xia Jingxing, he smiled and said, "Mr. Xia, you can just call me Daniel or Yaozu."

  Next, Xia Jingxing shook hands with the two young employees brought by Li Yaozu. Although he only said a few words to the big boss, they were also very excited.

All three of them are from Hong Kong Island. Xia Jingxing didn’t wear any colored glasses to look at them, because before entering the job, Envision Capital would conduct a special background investigation and found out that no one who had joined any horror organization would not be hired. No matter how capable they are Don't.

  Xia Jingxing hopes to maintain the purity of the team and does not want any scum to get in.

  Because these people are either bad or stupid, they are not in line with Vision Capital’s core corporate values ​​of “emptying capitalist countries and contributing to socialist construction”.

  Xia Jingxing asked Li Yaozu to go to the Maybach together and sat in the back row together. He wanted to personally test the level of the new head of the Hong Kong Island office.

  Li Yaozu joined Envision Capital not long ago, just a few months ago. During this period, he did not make any extraordinary achievements.

  Xia Jingxing knows that this is directly related to the fact that the Hong Kong Island Office has not yet launched a large-scale business, not necessarily because of people.

  Also, Abel admires Li Yaozu very much in his words. He has not had a deep conversation with Li Yaozu before. Now he has the opportunity to test the fineness of the other party, because the status of the Hong Kong Island office will be strengthened in the future.

  Of course, the status of the Hong Kong Island Office in the Envision Capital Group is very low. After a round of adjustments, it is only responsible for managing a US$1.746 billion FOF, and all the funds have been thrown out, which is an empty shell.

  After getting in the car, Xia Jingxing didn't talk about anything else. First, he asked Li Yaozu about his views on the Chushu Fund of Funds.

  Li Yaozu also knows that this is an assessment by the boss of himself, and it will determine whether he can secure his position as the head of the office on Hong Kong Island. Maybe even the chance to become a regular will fall on this conversation in the car.

  So Li Yaozu didn't have any reservations. He took out all his skills and analyzed it for Xia Jingxing.

   "Because of its special history, Hong Kong Island has become the top three financial center in the world. Although Magic City and Po County are catching up, this ranking will continue to be maintained for a long time.

  Why do you say that?

  International capital wants to enter the mainland, mainland capital wants to go to the sea, Hong Kong Island will become the preferred springboard.

  Because there is a complete financial service system, tax incentives, sound financial legal services, and countless large financial institutions. "

  Looking at Xia Jingxing, who was listening quietly, Li Yaozu suddenly changed the subject, “Of course, Hong Kong Island can have today’s prosperity and it is completely inseparable from the support of the people in the Mainland.

  Leaving the mainland, there is nothing here, just a small fishing village, a den of pirates.

  This is definitely not what I am touting the mainland!

  The 30-year economic miracle of Pengcheng is enough to prove the importance of policies. With the power of a country to build a place, this place will soon become a hot spot for entrepreneurship and economy.

   Conversely, if the country abandons a place, oh, no, it’s a place that considers itself too important, pick up the bowl to eat, put down the chopsticks and scold the mother.

  That kind of place or this kind of person is absolutely despicable, should be spurned, and will be punished due to it. "

  Xia Jingxing smiled, I didn't let you show any position, you are so on the road?

  Li Yaozu continued: "Let’s talk about the Internet entrepreneurship boom that has been popular in the Mainland in recent years!

  In order to be listed in the United States, Sina has innovatively created a VIE organization. Nowadays, as long as the mainland is a little larger or the startups favored by well-known venture capitalists, they have established a VIE structure.

  The offshore company of the venture capital fund registered in Cayman and the Virgin Islands and the founder family jointly hold the shares of a shell company registered on Hong Kong Island, and then control the operating entities in the Mainland through the Hong Kong Island company agreement.

  Our Vision Capital has established a fund of funds in Hong Kong, which will have a wide range of radiation. Whether it is investing in GPs in the Mainland or investing in projects in the United States, the flow of funds will be very convenient. "

  Xia Jingxing nodded, when it came to the point, the position of Envision Capital's office on Hong Kong Island is actually the same as the position of the country on Hong Kong Island. It serves as a bridgehead and a channel for capital in and out.

  I really want to invest in Hong Kong Island, do you want to buy a house in Cyberport? Entrepreneurs can't find a few, so the stock market can still invest.

  "Woguan Group's layout, in the United States, has a complete product investment line from incubator angel investment institutions to VC, PE, and hedge funds.

  In the case of the mainland, it seems that PE funds are still missing. I wonder if Xia always wants to put this department on Hong Kong Island? "

  Xia Jingxing smiled, "Why do you think I think so?"

  Li Yaozu saw this smile on the boss’s face and knew it was steady. He smiled faintly: “The mainland companies with the most growth potential and some large companies are listed overseas, and there are two main listing locations, Hong Kong Island and New York.

  Mainland A-share listed companies are all traditional companies.

  General Manager Xia You acquired Supor, Little Swan, Kelon, and Konka in the Mainland, either listed on Hong Kong Island, listed in both places, or issued B shares in foreign currency transactions. Only Supor is listed exclusively on A shares in the Mainland.

  I won’t go into details here. It can only be said that the A-share market at this time is still immature and its attractiveness is limited.

  The above-mentioned companies have been acquired by Fuxing Group. Mr. Xia, you must have long-term operation of these companies and the idea of ​​building an industrial manufacturing empire of home appliances and even consumer electronics such as mobile phones.

  These are not standard PE fund leveraged buyout cases. I think about it and think that PE funds belonging to the Chinese product line should be placed on Hong Kong Island. There is no other reason, and it is easy to get funds out of it. "

  Xia Jingxing laughed loudly, "You really figured out my mind?"

   "Don't dare."

  Li Yaozu shook his head again and again, the superior was very taboo to try to figure out this point, and quickly explained: "I seriously thought about the group's industrial layout and found that we missed a link."

  Xia Jingxing smiled and calmed down: "I didn't mean to blame you, so don't be so nervous.

  Yes, the group intends to put a PE fund in Hong Kong, specializing in Hong Kong stocks, Asia, and even M&A business in all regions except the United States. "

  Li Yaozu has some expectations, what size the boss will set for this PE fund.

  "The scale has no specific figures for the time being, and there will be detailed arrangements next year at the latest."

  Xia Jingxing glanced at Li Yaozu, and he knew exactly what he was thinking.

  Professional managers in the real pursuit of investment field, bonuses and income can only rank second in their minds, and well-known investment cases are ranked first.

  There are well-known investment cases in hand, no matter if you are hopping to other institutions, or you are working hard to start your own business, everyone will take a high look. It can be compared to an academic degree in the investment field, and you will know your level when you show it.

   "Leveraged buyout PE funds don't open for three years, but only after three years of opening. No investment institution will easily sell."

   "That's true!" Li Yaozu nodded vigorously. It is often billions or tens of billions of acquisitions. It does require a lot of preparatory work to ensure the success rate of investment, which is much more cautious than ordinary VC investments.

  In reality, most acquisition cases have actually failed. Even Blackstone and KKR have been educated by the market.

  What about leveraged buyout funds? Are you 100% sure of the shot?

  That's not enough!

  You can only use the profits of other successful cases to cover the losses of the failed cases. Looking at the final rate of return, compared to VC’s wide-ranging nets, leveraged buyout funds are more particular about hitting a hit.

Therefore, the scale of leveraged buyout MBO/LBO type PE funds is usually extremely large, a single fund can reach tens of billions of dollars, because the scale of the target company is large, for example, Gao Ling Investment Gree has paid more than 40 billion, and also Only acquired 15% of the shares and became the largest single shareholder.

  "Have you ever traded Guangdong before?" Xia Jingxing asked suddenly.

   "Yes, when I was at Goldman Sachs Asia, I was fortunate to have participated in the reorganization of the Guangdong Yuehai Group as one of the project members."

  Xia Jingxing's heart moved, "Then you used to be with Liu Zhiping or a colleague?"

"Yes, Martin and I have worked together for a few years. The Guangdong project involves more than 100 creditor banks and more than 400 companies. We worked together for two years to complete. It is also because of this matter that we have a profound experience. Friendship."

  Xia Jingxing nodded, great people have always been in a circle, and it’s normal to work with Liu Zhiping, there is nothing fuss about.

  Next, Xia Jingxing stopped the topic and did not ask any more questions.

  He is generally satisfied with the Li Yaozu beside him, with a straight butt, a delicate mind, and a strong self-motivated...

  I have passed the test now. If we have to entrust important tasks in the future, we will continue to investigate.

  Seeing that the boss began to close his eyes and rest up his mind, Li Yaozu also looked out the window with interest, thinking about his future work, how to gain a foothold in the ever-expanding visionary capital, and also to do something extraordinary.

  (End of this chapter)