Reborn in Hong Kong as a Tycoon

Chapter 541 Fund reorganization, mutual benefit (two in one)

Lin Baicheng stood on the small stage, while Mai Lihao, Henry and others sat under the stage respectively.

"I'm Lin Baicheng, thank you for taking the time to attend tonight's party."

"Here today, I will report to all investors the return on investment of Yum Fund so far, as well as my own arrangements for the fund in the future."

"Yum Fund is divided into two phases. The first phase raised a total of 1800 million Hong Kong dollars. The investment in this phase has a total net profit of 3.6 million Hong Kong dollars after deducting commissions, taxes and other additional expenses."

"If you calculate it, it is exactly 20 times the profit of the principal!"

What Lin Baicheng is holding now is a copy of the exact data calculated by Yum Fund.

"Good!" "YES!"

After hearing Lin Baicheng's words, investors who invested in the first phase couldn't help applauding.

This is a return rate of 20 times. As long as you invest 100 million Hong Kong dollars, that is a return of 2000 million Hong Kong dollars.Even if you only invest 50 Hong Kong dollars, there will be a profit return of tens of millions of Hong Kong dollars, which is too high for people to believe.

"thanks for your support!"

Lin Baicheng suppressed his hand, and continued: "The funds raised in the second phase are 7500 million Hong Kong dollars, and the return on investment in this second phase is not as high as that of the first phase. It can even be said to be a lot worse. The total profit Only 2.97 million Hong Kong dollars, which is nearly 4 times the rate of return."

"Clap! Clap! Clap!"

Although the rate of return of less than 4 times in the second period is far from the rate of return of 20 times in the first period, the rate of return of nearly 4 times is already very high, and all investors are satisfied with it.

Lin Baicheng was a little surprised that the rate of return of the second phase of funds was less than 4 times. When he talked to Henry before, he made a calculation error and thought that there would be a rate of return of 5 times, but he averaged the rate of return of the first phase. The rate of return is not that high.

The total profit of Yum Fund was 6.57 million Hong Kong dollars, and Lin Baicheng's total profit was also 6.57 million Hong Kong dollars, and the rest was rewarded by him to the top and bottom of Yum Securities.

The capital operation of Yum Fund was arranged by Lin Baicheng, and people were required to trade when buying and selling, and did not move at other times. Therefore, Yum Securities did not contribute much. The bonus of about one million Hong Kong dollars, even if dozens of people A lot of points.

"At the beginning, the contract you signed with the fund expired on the last day of this year. The fund originally planned to start redemption on the first day of next year, but my own arrangements for the fund have changed, so the fund will start from Monday tomorrow. With redemption enabled, all investors can get their principal and profits back from the fund.”

"Lin Sheng, will Yum Fund still accept your funds?"

Henry immediately asked aloud, he was very concerned about this matter.

"Of course it will. The Yum Foundation will exist until investors no longer trust the fund."

Lin Baicheng nodded, and he said: "Tomorrow happens to be October [-]st. At the same time as the fund starts redemption, it will conduct a one-month fundraising period. This time, the closing period of the fund will no longer be about one year, but Three years of closure."

"That is to say, if someone invests funds in the Yum Fund, the funds will not be withdrawn within three years. No matter what the investor does or how much money is needed, the Fund will not redeem it in principle. There is only one way to redeem, and that is to give up all profits during this period, and the fund will only return the principal to investors.”

"Lin Sheng, why did the closed period change to three years?"

Mai Lihao couldn't help asking, the reason he asked this was very simple, because if nothing else happened, he had only served as the governor of Xiangjiang for more than two years.Generally speaking, the governor of the British colonies lasted only ten years, and he was appointed as the governor of Xiangjiang in 71.

To put it bluntly, McLehose was able to serve as the governor of Xiangjiang for ten years, which shows that Xiangjiang has developed quite well under his management, otherwise he would have been replaced by Downing Street long ago.

"Because the fund is going to take a long-term investment route, if a client suddenly wants to redeem funds in the middle, it will affect the operation of the fund, so in order to avoid trouble, the closed period must be extended."

"It's because the fund has just been established and I'm still young. I know that many investors don't trust me that much, otherwise the closed period of the fund will be longer. This time it's only three years, and the next time it may be Five years."

After a pause, Lin Baicheng said solemnly: "Here I want to explain that the previous high rate of return is not always available. In the next three years, the rate of return of the fund may not be so high. It is very likely that after three years The rate of return is less than double, and everyone has to think carefully about whether to hand over the funds to Yum Fund.”

The high returns brought by the fund to investors this time let Lin Baicheng know that many people will definitely invest money in the Yum Fund, so he doesn't mind saying something that seems discouraging, and it's good to make some people retreat.

Someone asked aloud: "Lin Sheng, how much money can we earn from our investment in the next three years?"

"If you believe me, I will bring you no less than 50% profit in three years. Of course, I will only say that, and I will not sign a guarantee in the entrustment agreement. Believe it or not, you can judge for yourself."

Lin Baicheng is not stupid, he will not put shackles on himself, if it is not for the influence of these people in Xiangjiang, he would not even say so much.

"Only 50%?" "Somewhat less." "It doesn't feel like much.".
The previous return rate of at least four times and at most twenty times has whetted everyone's appetite. When they heard that the rate of return was only 50% in three years, many people suddenly felt that the rate of return was a bit too low.

In fact, the rate of return of 50% for three years is not low, which is equivalent to a compound interest rate of 15% per year. Not everyone can steadily obtain such a high rate of return for several consecutive years.

You must know that the compound interest return rate of stock gods for decades is only about 20%. If there is a fund that can achieve 15% annual compound interest, even if it is not as good as stock gods, it is not much worse, and it will definitely stand at the top of the industry.

Seeing that many people think that the rate of return is not good, Lin Baicheng smiled indifferently, and continued: "The upper limit of this fundraising fund for this fund is 10 billion Hong Kong dollars, and the fundraising time is one month. When the fundraising reaches as much as 10 billion Hong Kong dollars, when the time comes, the fund will be closed and no longer accept funds. Whether or not to invest money, everyone has a time to think carefully, and do not rush to make a decision.”

"I will also talk about the management fee and commission of the fund. First of all, the management fee. The foundation charges a 10% management fee. That is, if you invest 100 million Hong Kong dollars, the fund will charge a management fee of 10 Hong Kong dollars. Annual management fee."

"Lin Sheng, is 10% management fee too much?"

Someone interrupted, thinking that the management fee was too high, and he lost 10% of the principal before making any money.

Lin Baicheng did not refute that the management fee is not high, but nodded in agreement: "10% management fee is indeed not low, but I believe that the fund can bring satisfactory returns to clients. I said earlier that the return rate of 50% in three years , not to say that there are only these, but I think the minimum rate of return in three years is 50%. As for how high, it’s hard to say, if you can encounter this good opportunity to do long gold futures in three years , then it is also possible to earn several times the profit.”

"So, I don't think the 10% management fee is high, and the fund's ability is worth the price."

Seeing that no one questioned it anymore, Lin Baicheng continued: "Then let me talk about the commission of the fund. If the profit of the fund is less than 50% in three years, then the fund will only take a commission of 1% of the total profit. It is equivalent to not taking the commission from everyone, because I believe that the profit of the fund in three years can exceed 50%."

“利润要是在50%到100%之间的话，公司抽利润的20%作为提成，也就是10%到20%的利润作为提成；利润在100%-150%之间的话，固定抽利润的30%作为提成；利润在150%-200%之间的话，固定抽利润的40%作为提成；而一旦利润超过200%的话，那么公司要抽50%的提成，一半的提成就是最高比例了。”

When Lin Baicheng finished speaking, everyone in the audience secretly calculated, the numbers were not complicated, and the result was soon.

As for Lin Baicheng's commission, everyone has no objection and can accept it.It is true that half of the commission is very high, but if it is really taken in half, then everyone's investment is equal to at least double the profit return, just like this time.

"The next thing I want to talk about is that Yum Securities has merged with Galaxy Bank, and Yum Fund will be transferred to Galaxy Bank's name and will be managed by Galaxy Bank in the future. Investors have no influence, everyone just needs to know about it."

Lin Baicheng plans to let Yum Securities invest in its own funds, and the fund will be handed over to the bank. In the future, the bank will launch a fund for the public, and the person in charge of management will naturally be Yuan Tianfan.

This matter really has nothing to do with investors, so everyone ignored it after listening to it.

All that needs to be said has been said, Lin Baicheng finished his speech, and other things can be said slowly with investors in private.

Everyone returned to the middle of the lobby, drinking and chatting.

Lin Baicheng looked for an opportunity to call Mai Lihao aside to talk alone, with no one else around.

"Sir, there is something I need your help with."

"Please tell me, Lin Sheng, I will try my best."

Mai Lihao knew that it was Lin Baicheng who asked him to pay back, and since Lin Baicheng had earned nearly 2000 million US dollars for him, he would definitely give back, as long as it was not too embarrassing, there would be no problem.

"It's like this. I want to build a comprehensive university and add disciplines in semiconductors and biomedicine. I don't have any problems with funding, but the faculty needs to be recruited from the UK or other European countries."

Semiconductors and biomedicine will be the two major industries that Lin Baicheng will focus on developing in the future, and there is no university in Xiangjiang that specializes in semiconductors and biomedicine, so talents cannot be cultivated by themselves, and all external recruitment is not advisable, so Lin Baicheng needs to make early plans .

"Although this matter is a bit troublesome, I can agree to it and approve Lin Sheng to build a school for you."

Mai Lihao nodded first, and then said: "But Lin Sheng, I have to say something first. The school can approve your construction, and I can also help recruit teachers from abroad, but if they want to come to Xiangjiang to teach, they need to pay. The salary must be higher than that abroad, and you have to pay these expenses, and the Hong Kong government will not give you any subsidies."

"I know, it's not a problem."

Lin Baicheng smiled slightly. He never thought about getting subsidies from the Hong Kong government.

McLehose continued: "What's more, in terms of recruiting students, your school has to figure out its own way, and the Hong Kong government will not help you allocate them. At the same time, in terms of tuition fees, you must not be very different from your peers. Whether it is Too much or too little, neither will work."

"I won't break the rules."

Lin Baicheng has no objection.

"The last is the most important point."

Mai Lihao said solemnly: "I know that Lin Sheng's position is biased towards the mainland. This is your decision, Lin Sheng. Although I feel sorry, I will not say anything more. But in Lin Sheng's school, Some courses of education are necessary and cannot be changed. Those educations may be contrary to Lin Sheng’s position, but the rules are the rules, and they are absolutely not allowed to be changed.”

"...I see, these are not problems!"

After pondering for a while, Lin Baicheng nodded in agreement.He knows that Xiangjiang education has a lot of smearing history and the mainland, but he can't change these now. He must either follow the trend and build a school, or don't think about building a school before 97. For the future development of the semiconductor and biomedical industries, he Compromises must be made.

"If you have no problems with these Lin students, then there will be no problem with building the school."

Seeing this, Mai Lihao nodded: "However, it will take some time to approve Lin Sheng to build a school, and it also needs the support of some people. Lin Sheng, you still have to do activities when the time comes. I think you should understand what I mean."

"I understand sir."

Lin Baicheng nodded with a smile, nothing more than to let him get through the relationship with some people and get approval, so that the decision that everyone agrees with will not have hidden dangers in the future.

"Lin Sheng, how much do you think I should invest in Yum Fund?"

Mai Lihao asked suddenly, he had done Lin Baicheng a favor, but he was going to ask for a favor.

"If the Jazz doesn't have a lot of places to spend money, they can invest 2000 million US dollars. It depends on the Jazz's own decision."

Lin Baicheng said with a smile, Mai Lihao has done him such a big favor, of course he doesn't mind helping Mai Lihao make money, this is not what he wants, everyone is mutually beneficial.

"Since Lin Sheng's fundraising limit is 10 billion Hong Kong dollars, I'll invest 5000 million Hong Kong dollars."

Mai Lihao thought for a while and said that the investment of nearly 1200 million US dollars is not low, but even if all these investments lose money and something goes wrong, his investment in Yum Fund still makes money.This time, his profit was nearly 2000 million U.S. dollars, and there was still a profit of almost 800 million U.S. dollars in the recovered funds, which was more than double his previous principal investment.

Lin Baicheng nodded with a smile, and it was a good deal: "The investment amount of a single client is actually limited, but Jazz is different from others. Let alone 5000 million Hong Kong dollars, even an investment of 1 million Hong Kong dollars is fine."

"Then I would like to thank Lin Sheng for taking care of me here."

Mai Lihao smiled and expressed his affection. Being able to make friends with a super rich man like Lin Baicheng would not do him any harm.

McLehose didn't think there was any problem with being friendly with Lin Baicheng at all. In the political system of Western countries, it is very normal for politicians and capitalists to cooperate and use each other to cooperate with each other.

Lin Baicheng didn't think there was a problem anymore. He had no background and made a fortune suddenly. If he didn't make many contacts, he would have found him a lot of troubles.

(End of this chapter)