On May 18, 1999, the fifth day after the embassy was bombed, Fan Wuyi arrived in New York.

Today, the Nasdaq Index closed at 2577 points, which is a nearly 17% increase from the 2200 points at the beginning of the year, but the enthusiasm of investors has not diminished.

In fact, due to the impact of the European Union's development in Kosovo and the impact of the Southeast Asian economic crisis, the hot money from these two places began to flow continuously to the US market, which caused a surge of hot money in the US stock market. The Nasdaq market, where high-tech stocks gather, has gathered trillions of dollars in financial speculation and investment capital, and the total market value of the Nasdaq market has exceeded three trillion dollars.

"What is the driving force to maintain a market that continues to rise?" Song Yuanping said openly to Fan Wubing. "It may be the profit growth of listed companies, currency inflation, and supply and demand relationships such as currency supply and liquidity changes. , The investment concept has changed, or a large amount of money enters the stock market, or the value of cyclical fluctuations returns, or the group enters madness. Looking at the current situation of Nasdaq, I think it is mainly the influx of hot money and the madness of the group."

Fan Wubing nodded slightly and smiled, holding the coffee cup in front of him and slowly turning it on the tabletop.

The head office of Fan Investment Group in New York is located on the top floor of a 70-storey commercial building about one kilometer near the World Trade Center. Standing in front of the floor-to-ceiling windows, you can clearly see the situation on the opposite side. It's just that compared with the World Trade Center Twin Towers, although this building is considered a nearby high-rise building, it is still inferior.

The World Trade Center is one of the most important masterpieces of the famous architectural artist. Yamasaki covers an area of ​​16 acres and is composed of seven buildings. Among them, the Twin Towers are two buildings with the same appearance and 100 meters high. The ten-story twin tower is about 412 meters in height.

The main business of the center is to control international trade such as import and export. It is responsible for the development of American international trade, accounting for 15% of the US import and export trade. In addition to trading companies, there are also public and private organizations such as transportation companies, communication agencies, banks, insurance companies, and customs. All trade and port-related activities are concentrated here. There are about 1,200 companies in the center. There are more than 50,000 employees and up to 80,000 visitors per day.

In this world’s leading high-rise building, there are also 22 restaurants, cafes and fast food bars, as well as three large stops. The most famous one is the world restaurant with the same height as the observation deck, where you can dine. It is very pleasant to have a panoramic view of Manhattan.

Seeing Fan Wubing smiling and looking at the opposite World Trade Center, Song Yuanping said with a smile, "At first, I was a little surprised. Why didn't Fan Investment Group enter the World Trade Center? I'm relieved. When I get there, I will definitely not occupy the top level. I guess Fan is always reluctant to be stepped on by others, right?"

"Haha, there is some truth to your opinion, but it is not the key point. If you want to know why, wait two years to see here again." Fan Wuyi laughed and said to Song Yuanping.

Song Yuanping felt a little inexplicable after hearing Fan Wu's words. He couldn't help but glanced at the Twin Towers on the opposite side. He didn’t think there was any sign of the Feng Shui on the opposite side turning around. Why did Fan Wubing say so surely that he would wait two years before watching it? Hearing what he meant, it seemed that the feng shui of the Twin Towers would come to an end two years later, which was really strange.

To say that the building where Fan's Investment Group is now is also good, the environment here is good, and the scenery is good. The only shortcoming is that the popularity of the Twin Towers is too strong, which obscures the brilliance of other buildings. If it can be overturned, the effect is completely different.

"By the way, how much money has been cashed out so far?" Fan Wuyao asked casually.

In the room, in addition to Song Yuanping, there are several senior executives of the company based in New York. Someone answered after hearing that, "Including the investment in the Nasdaq market, the cash currently has more than 500 billion US dollars. , You must know that the initial investment in this part was only more than 40 billion, which can be said to be a huge gain. The remaining more than 300 billion US dollars are planned to be cashed out gradually within half a year."

Fan Wuyao nodded, and said that in half a year, this part of the funds will probably grow to 600 billion U.S. dollars. If it is gradually cashed out, it will probably also be able to get back about 500 billion. This time, investing in U.S. stocks can be said to be huge. After a complete victory, the financial management efficiency of American companies is still worthy of recognition.

In fact, when Fan Wuyi left the United States, he did not have so much capital, but he engaged in a few speculations later, and the capital snowballs were generally getting bigger and bigger. Only then did he have today’s scale, and he has invested in all over the world. All kinds of real estate resources and mineral resources have about 200 billion or so of assets distributed in other regions. That is to say, the total assets after cashing out now can exceed US$1,200 billion.

This achievement is indeed worthy of pride. In comparison, Bill Gates’ assets with a lot of water have only just passed 80 billion U.S. dollars at this time. By the time of the highest next year, it will probably be able to break through. The hundreds of billions of dollars mark, this time is already the richest time for him, and then he never crossed the data at this time.

The so-called rich in the world, when the wealthiest, even less than one-tenth of Fan Wuyi's assets.

"President Fan, what instructions do you have for the exhibition after the withdrawal of funds?" Everyone is very interested in Fan Wuyi's subsequent layout. After all, the decision of a rich man can often change the world economic structure.

Fan Wuyao touched his nose, and then said, "For the time being, it is mainly to invest in mineral resources in various places. Whether it is non-ferrous metals, oil and gas, or coal and iron resources, we need to invest heavily in this regard. The investment limit of China is limited to 500 billion U.S. dollars, which is roughly enough to reach this level. This is a long-term profit-making method, which is safe and guaranteed, and is much more stable than the stock market."

Although it is not a long-term vision, it is certain that mineral resources are becoming scarcer. In addition, everyone’s attention is now focused on the stock market and high-tech companies. The hot money has arrived in the United States. Now I go to the bottom of the mineral resources market and I am extremely rich. Foresight, when everyone reacts, it will be unprofitable.

In fact, Fan Wuyi invested in Australia's iron ore mine, also with this thought.

There are a lot of mineral resources around the world, and a lot of capital needs to be invested, but the profits are huge and the room for value-added is large. This is the best way to increase value and maintain value. Fan Wuyao doesn’t want to put such a huge amount of capital in the stock market. In the end, it turned into a pile of waste paper. Even if it is an investment in the real estate market, it is not the safest guarantee.

"In addition to the mineral resources market, I think the telecommunications industry is also worth investing in." Song Yuanping said to Fan Wuyao. "Although the telecommunications industry in Darfur has matured, it does not matter whether it is domestic or some developing countries. The industry is still operating at a low level. If we can choose some countries to participate in equity cooperation, I believe that the returns will be generous."

Fan Wubing is very positive about Song Yuanping’s proposal. In fact, he prefers to invest in Russia’s telecommunications industry and Mexico’s telecommunications industry. The evidence for the future of these two countries is relatively stable, and as Song Yuanping said, their telecommunications industry will soon Entering the era of stable exhibitions, the market prospects are extremely good.

But there are also some problems here, that is, how to deal with the Russian market, that requires negotiating conditions with the ruling authority of the highest authority. Fan Wubing thought of this, and felt that taking advantage of Yeltsin’s visit in China, he should rush back in time. Meet the Russian president who is about to retire from illness, and then take some time to get close to Putin and discuss this matter.

Russia is now also at a critical moment when it needs a large amount of foreign investment exhibitions. If you are a big benefactor in the past, I believe it will be very popular. After all, the international community’s attitude towards Russia is relatively repressive. If they want to get investment from the West, they need The price to pay is greater, far from cooperating with oneself.

Afterwards, Fan Wubing mentioned the arrangement of the overseas listing of the three major portal websites. After all, it was the best time to go public at this time to hype the concept of Chinese online portals. It would be difficult to reach the current level at any time, and at this time Going public, you can sell off before the bubble bursts in Internet stocks. After the bubble bursts, the shares can be repurchased when the stock price is running low, which is the most appropriate.

If a company wants to be listed on the Nasdaq small capital market, as long as it meets three conditions and one principle, it can apply for BSP in the United States; the prerequisite is that the company is engaged in biochemistry, biotechnology, medicine, technology (hardware, software, semiconductor, network) And communication equipment>, franchising, manufacturing and retail chain service companies, who have been economically active for more than one year, and have high growth and high potential for development.

The second is that the net value of tangible assets is more than 5 million U.S. dollars, or the net profit before tax in the most recent year is more than 750,000 U.S. dollars, or the pre-tax income is more than 750,000 U.S. dollars in the last three years, or the company’s capital market value is more than 750,000 U.S. dollars. More than 50 million US dollars.

In addition, after the se review is passed, public holdings of more than 300 people are required, and a holding company must be established abroad. The original shareholders must be more than 300 people to be listed. The number of shares held by the stockholder needs to be more than the entire share, and the entire share in the United States is the basic unit of 100 shares.

As for one principle, it is the principle of good faith. A popular slang phrase translated from Nasdaq is that any company can go public, but time will tell. This means that as long as the applicant company upholds the principle of good faith, it will be sooner or later to be listed, but time and good faith will determine everything.

The US Nasdaq market is divided into two markets, one is called the national market and the other is called the small capital market. The national market is divided into two types of enterprises. One is profitable enterprises and the other is non-profitable enterprises.

As far as the national market is concerned, the net asset value of profitable companies is more than 4 million U.S. dollars, and the net asset value of unprofitable companies is more than 12 million U.S. dollars. After-tax profit, profitable companies are required to have a net income of US$400,000 in the latest fiscal year or two of the first three fiscal years. There is no net income requirement for unprofitable companies.

Regarding public holdings, no matter what market it is listed in, any company must consider public holdings. Generally, public holdings should be more than one-fourth according to international practice.

Without sufficient public float, there will be no good liquidity, and the market price will be very low. Once the market price is low, no company is willing or able to trade stocks in your market. If so, your market will not be able to use it.

Of course, the domestic "Securities Law" stipulates that companies must first meet the three-year continuous profit record and the total share capital of 50 million shares. For an entrepreneurial company, it is very difficult to meet the first two conditions. That’s why everyone wants to go public on the Nasdaq. That’s the reason. Relatively speaking, the listing conditions there are much looser~lightnovelpub.net~The institutional defects and accumulated abuses in the capital market in Mainland China It has lasted for many years, not only damaging the financing function of the main board market, but also restraining the survival and development of innovative small and medium-sized enterprises, and has become the biggest bottleneck in the combination of high-tech enterprises and social capital in the Mainland.

High-tech companies have their own financing characteristics. Although Nasdaq in the United States has set a model for them, the domestic executives have always had doubts about this. This has made the launch of the domestic GEM always be thunderous. A drop.

This year, the Nasdaq market is in full swing, and a large number of myths of wealthy upstarts such as Microsoft and Yahoo have come out. Hong Kong, which is across the river from Shenzhen, is also preparing for the official launch of the GEM at the end of the year.

Not long ago, the State Council promulgated the "Decision on Strengthening Technological Innovation, Developing High Technology, and Realizing Industrialization", stating that it will cultivate a capital market conducive to the development of high-tech industries and give priority to supporting qualified high-tech enterprises to enter domestic and international capital. In the market, the current Shanghai and Shenzhen Stock Exchanges will set up high-tech sections in due course.

This decision of the State Council is regarded as the landmark side of the Mainland's brewing of the ChiNext. Although the Shenzhen Stock Exchange and the academic community have discussed this issue several times before, the launch of the ChiNext is always in the foreseeable future.