Media Tycoon since 1999

Chapter 246 Overseas layout facing ten years later (seeking monthly ticket)

The cooperation intention with Wu Fei and his wife was quickly finalized, and it was easy to communicate with each other as a family.

However, Wu Fei immediately raised a question:
"Gao Yang, it's not a good idea for you to send money to us directly and then use it to invest in US stocks. The US has strict supervision on funds. If you send money to us, we have to declare the source of funds, which involves tax issues.

If you don’t declare the statement, it means that the source of funds is unknown, and there is suspicion of money laundering, which is an illegal act.

Or if you sign an agreement with us and make it a gift, we still have to face tax issues.

What I mean is, if these things are done entirely in our name, it is impossible to bypass legal supervision. You are considering the way of investing in the United States with domestic thinking. "

Gao Yang was stunned: "I'm sorry, big brother, I thought it was simple. I don't understand the situation in the United States, and I really don't understand it."

Chen Lan said: "Gao Yang, if you want to do US stocks, you can only rest assured if we help you operate them. I have two suggestions.

One way is that you go to Hong Kong Island to set up an offshore asset management company, and then hire us as an asset manager, and we can help you manage the business in the United States.

The second method is that your elder brother sets up an investment fund in the United States or Hong Kong Island, and then you buy the fund, and we operate the fund according to your arrangement. "

Gao Yang said: "Then let the eldest brother set up an investment fund, and we will buy it."

Chen Lan continued: "Then I continue to suggest, first of all, the registration form of the fund is recommended to be registered as a private equity hedge fund. Hedge funds can exist indefinitely, and investors can invest and withdraw at any time.

Second, it still involves taxation. American fund investors are divided into tax-paying investors in the United States, tax-exempt investors in the United States, and non-US investors.

Your elder brother is a tax-paying investor in the United States, a tax-exempt investor is an institutional investor such as a pension fund, and you are a non-US investor.

As a non-U.S. investor, although you are not obliged to pay taxes in the U.S., you still need to file a tax declaration if you invest in a private equity fund in the U.S., so you must deal with the U.S. tax department.

In order to avoid this situation, there is also a problem of fund structure involved, which can be solved by parallel fund structure.

That is to say, you still have to set up an offshore asset management company, make an offshore investment fund not registered in the United States, and then use this fund company to invest in the private equity hedge fund registered by your elder brother.

This kind of offshore asset management company usually chooses to be incorporated in a low-tax area, such as the Cayman Islands.So, you can set up an asset management company in Hong Kong Island, and through this company, go to Cayman to register a private equity fund, and then use this fund to invest in the private equity hedge fund registered by your elder brother, so that you do not need to pay taxes in the United States declare.

The only trouble is that we actually have to manage two fund companies, and the management cost is a bit higher.However, many private equity funds in the United States use this model to attract non-US investors. "

Gao Yang said with a smile: "Sister-in-law is still the professional, then we should follow sister-in-law's suggestion and set up an offshore asset management company..."

Gao Yang originally planned to remain invisible, because he didn’t want to deal with the US tax authorities. Now it seems that complete stealth is impossible. Of course, setting up a private equity fund in Cayman is also a good choice.

After that, Gao Yang drank tea alone with Wu Fei.

Gao Yang asked with a smile: "Brother, you and your sister-in-law are at home, who is the backbone?"

"Of course it's me." Wu Fei smiled, "You look down on big brother so much?"

Gao Yang said with a smile: "Of course not, the lifestyles in China and abroad are different."

Wu Fei smiled and said: "We are in a foreign land, and we are still Chinese at heart, and your sister-in-law is also relatively traditional. Generally speaking, we are male outside and female inside, which is similar to the domestic couple's lifestyle.

Of course, when Feifei grows up in the future, it will be hard to say for her generation.

We speak Chinese all the time at home, and we plan to teach Feifei Chinese characters and Chinese culture, so that when she grows up, she can understand where her roots come from. "

Gao Yang solemnly said: "Brother, since you are the backbone of the family, then I will give you a thorough account of the investment cooperation we talked about just now.

My plan is, based on the total investment of 500 million US dollars in the past five years, the capital scale will be rolled to hundreds of millions in the future.

Of course, to achieve this level, we can only do it step by step, and I hope you and my sister-in-law can invest strictly according to my method.

Here, I am looking forward to the investment layout ten years later. The link of investing in the United States is very important to me, our family, and the future.

This year is 2004, the beginning of the century, about eleven or twelve years later, that is, around 2016. I am in China, and I may create an Internet social platform with great development potential and a chance to become popular all over the world.

By then, the Internet industry should have already transitioned to the era of mobile Internet.

This social platform has the opportunity to achieve great success in China, and then it has to consider the development of overseas markets.

In the overseas market, I don't plan to expand in the name of a domestic company. At that time, I can only use the resources you and your sister-in-law have to build an international social platform independently, and develop in parallel with the domestic platform.

This is my ultimate goal and the reason why I have to plan step by step..."

Wu Fei curiously said: "Gao Yang, you just said that the development trend of economic globalization is now very clear. Ten years later, if you really make such a big business, you can base yourself in the country and then invest overseas. Why should we consider starting a new stove and taking such a big detour.”

Gao Yang said: "Brother, you study economics. You should be very familiar with the economic development of developed countries in the world last year, such as per capita GDP, right?"

Wu Fei nodded: "Yes, in 2003, the per capita GDP of the United States was close to 4 US dollars, and the major European economies, including Japan, were above 3 US dollars, or close to 3 US dollars. This is probably the pattern."

Gao Yang said: "In 2003, China's per capita GDP was probably less than 1300 US dollars, which is very low.

At present, China's total economic volume is still small, but it has been growing at a high or even super high speed. Especially after joining the WTO, the economy has begun to integrate with the world, and exports have grown super fast.

There is a high probability that China's economy will maintain rapid growth for more than ten years, and its size will double every six or seven years.

Brother, have you ever imagined what will happen when China's economy reaches half, or even 70%, of the US economy one day in the future? "

Wu Fei lit a cigarette and thought for a while: "There is a high probability that there will be trade friction..."

Gao Yang said: "It may not be as simple as trade friction.

Brother, let's make a hypothesis, and then we can deduce it.

Last year, China's population was close to 13 billion, and it may exceed 14 billion in more than ten years.

Assuming that by that time, the size of the economy has reached the level of GDP per capita of 1 US dollars, what kind of situation will it be?
There are only so many resources on the earth. Western developed countries have lived a good life for hundreds of years. Are they willing to watch China develop smoothly to a per capita GDP of 2 US dollars?
Impossible, we can imagine it with our toes.

Therefore, there will almost certainly be various containment, including at the capital level.

As far as China is concerned, the demographic dividend has huge advantages, especially in the area of ​​Internet development.

The next generation of Internet, mobile devices such as mobile phones can access the Internet, and the huge population advantage is very likely to make some of Huaxia's innovative Internet applications take the lead in the world.

The social platform I envision may be a similar Internet application.

More than ten years later, if I really do it, the influence will be huge, and my company will most likely face being blocked in the market of developed countries..."

Wu Fei thought about it for a while, then smiled and said, "It's possible. But, are you so optimistic about the future of China's economy?"

Gao Yang said with a smile: "Of course I am optimistic, what is the biggest advantage of Huaxia people?
Diligent, hard-working, wholeheartedly want to live a good life for the whole family.

Brother, after Huaxia joined the WTO, the domestic export processing industry soon ushered in very big changes.

Let me give you an example, and you will understand.

In economically developed regions such as Jiangnan, Jiangsu and Zhejiang, some world processing capitals of subdivided light industrial products have emerged, and they are developing very fast. A city, a county or even a town processes and supplies more than 50% of the global market. category subdivided products.

I have read a media report about a town in Zhejiang province where tens of thousands of people, men, women and children, are all producing jeans.

Among the tens of thousands of people, there is an obvious division of labor and coordination. Those who do design, cutting, sewing, packaging, receiving orders for export, and even ordering buttons have their own arrangements.

There are many, all of which are family workshops, a small workshop.

In this way, a small town suddenly became the jeans capital of the world within three to five years.

The Huaxia people did it and worked it out like this.

Among these people, most earn 30 to [-] yuan a day, which improves their standard of living. They are hardworking and able to endure hardships. They are full of yearning for a better life in contentment..."

Wu Fei looked at Gao Yang in surprise: "I didn't expect you to observe so carefully and think so long-term. Brother has learned a lesson today."

Gao Yang smiled and said, "Brother, I'm a reporter, and I'm used to watching the development of the whole society.

Therefore, according to my plan, if the goal is realized step by step, I hope that my eldest brother and sister-in-law can become celebrities in the American investment circle in the future, make friends and cooperate with some big names in the industry.

In this way, our overseas investment in the future will have the most basic security guarantee..."

Wu Fei smiled and said: "Don't worry, brother, you have amazing vision and strategic thinking, I can see that your ambition is very big, and you may not be unable to succeed in the future.

When that day really comes, your sister-in-law and I will fully support and cooperate.

It's not bad to be a celebrity in the investment world..."

Gao Yang said with a smile: "Brother, when a man is alive, he naturally needs a little ambition. There is a big family behind us, and we need to stand up and take care of them."

Wu Fei smiled heartily: "That's right, that's the reason. Chinese people have had a strong family concept for thousands of years. Big brother is optimistic about you. Yawen's vision is really good..."

(End of this chapter)