Chapter 300 Cash King

Although Mr. Wang felt ashamed, the possibility of cooperating with BOE in the upstream display and video chip industry chain still needed to be considered, and he ultimately did not accept the challenge head-on.

Xie Jingxing was not in a hurry. The chip industry often had a gestation period of five to ten years. Moreover, as far as he could remember, Mr. Wang had indeed started a second business in the chip industry and created a unicorn worth tens of billions of dollars.

The highly closed and professional nature of this industry makes the corresponding risk investment very virtual, and it is difficult to move forward without a knowledgeable and reliable partner.

Therefore, Xie Jingxing is very patient in seeking talents, not only for Mr. Wang, but also for many local cities that are waiting to be inspected.

I flew to Xi'an the next day, and then spent the entire period from early February to before the Chinese New Year on a business trip.

But in fact, the intention of each place was set at the first meeting.

——In the past year, faced with a complex and severe macro-environment, we adhered to the general working principle of seeking progress while maintaining stability.

Xie Jingxing spent two days in Xi'an when he heard this final conclusion: "You can either increase your investment ratio and actively accept the government's funding, or just talk about investment projects, or try to set up a 300 billion industrial fund in stages."

The people of Laoqin are determined to leverage their geographical advantages to vigorously develop a chip storage industry cluster. But I'm not afraid of you laughing at me, we are really tired of being poor and our financial resources are too limited to afford a big gamble.

This was done with all his heart but without any power, Xie Jingxing had nothing to say.

Suzhou has the will and the ability but cannot achieve unity. The existing local chip industry is rich and diverse enough. Wouldn't it be a mess if you came and wanted to take away 400 billion special funds as soon as you arrived?

Everything else is negotiable except the investment ratio. Xiyou must reach 1.5 to 2 times of Suzhou's local investment and guarantee to invest an agreed amount in existing local chip companies.

Feeling a bit like being treated as a money-giving boy, Xie Jingxing naturally set off for the next stop without hesitation.

It’s hard to describe Chengdu in a few words. Luo Yonghao’s Smartisan Technology and Optics Valley Industrial Park were used as the two industry lights, and then the conversation turned to cultural tourism investment.

Xie Jingxing had a headache and had to wave goodbye. The other three companies in Zhuhai, Zhengzhou and Tianjin were almost the same. Just as Mr. Wang said, there were not many places with courage, ability and sincerity.

After many twists and turns, Luzhou, which appeared first, was the choice that offered the highest degree of match in cooperation intention.

“Aren’t you considering Beijing, Shanghai, Guangzhou and Shenzhen?”

In a blink of an eye, the Lunar New Year's Eve had passed and Xie Jingxing was forced to end his business trip for the year-end holiday. On February 2th, Valentine's Day, he rushed to Beijing to have a meal at Zhou Fenglan's house to wish him a happy new year in advance.

Before returning to Shanghai the next day, I took the time to meet Yu Nian at the airport.

He yawned sleepily. "The problem that prevented me from reaching an agreement with Shanghai Magic City in the first place was that they were only willing to cooperate at the district level + industrial park level, and the upper limit of the fund size could not exceed 500 billion."

“Is it costly to guide funds to compete in a homogeneous manner?”

Yu Nian revised the paper and sorted out the ideas in an instant.

The three companies in Shanghai, Guangzhou and Shenzhen are essentially the same as Suzhou. There is no need to explain their respective strengths. The huge scale of industrial guidance funds will instead cause a Matthew effect, affecting the healthy development of the existing guidance fund investment ecology.

From Xie Jingxing's perspective, reducing the size of the fund and cooperating with district-level industrial parks means that it will be difficult to obtain the maximum support from local officials, and it will have to compete with other brother funds in the same city.

As for Jingcheng, he didn't give his colleagues in the department much face to deal with him, which was considered impartial, elegant and easy-going.

As a result, all cooperation routes with the central and ministerial guidance funds were cut off. Of course, Xie Jingxing had no intention of cooperating with such units in the first place.

Local governments have some room for balance between attracting investment and developing industrial clusters. Guidance funds directly under the central government are fully focused on promoting macro-industrial clusters, and they have strict rules on the boundaries of investment areas.

There is no saying that we should focus on high-quality projects or invest in whatever projects are good.

"In fact, you should focus on solving the funding problem now. With money in hand, you will not be worried and can always find high-quality partners." Yu Nian lazily sipped his coffee and gave advice.

Xie Jingxing raised his eyebrows and pointed behind him. The two of them were now in the VIP waiting room of the airport.

During the New Year holidays, there were a lot of people, crying children, white-haired old people, and ground staff who were running around collecting food tray waste, creating a noisy scene.

Yu Nian followed the direction of his finger and pricked up his ears to listen as best as possible to the conversation between a young middle-class couple.

The gist of it was that one of my wife's colleagues and his family went on vacation to Northern Europe for the New Year, and she shared it 800 times on WeChat Moments in one day, fearing that others would not know.

My husband wants to comfort an elderly person at home who has difficulty in moving around so he can't bear the hassle of traveling long distances. So he decided to go to Sanya, and wait for two months for the company to give out annual bonuses so he can buy a new Chanel bag and use the money as the difference for traveling abroad.

The wife was beaming with joy, but after thinking about it she became conflicted again. The stock market is doing so well now that it would be a waste to use the year-end bonus to buy a bag. If she invested the money she spent on flying first class, staying in a five-star hotel and traveling during the New Year in the stock market, she could earn enough to pay off her mortgage for half a year.

The young couple walked away hand in hand while talking, and the two sets of parents followed behind, coaxing their only grandson, all of them with happy and pleased smiles on their faces.

"I went to a supermarket a few days ago and the sales clerks were not in the mood to work. They were just checking stocks on their phones. That was how the bull market was in 2008." Yu Nian sighed with a complicated tone.

Xie Jingxing was slightly surprised: "The market surge itself is a good thing."

"Is your floating profit enough for the fund to invest?" Yu Nian couldn't help but widen his eyes in surprise.

"The current floating profit is less than 500, which basically meets the investment requirements of the guidance fund. By summer, it should be able to cover the capital leverage risk of the Yunhe Logistics Industrial Park."

Since the stock market started in November, the market has risen by 35%. The several non-bank financial stocks that Xie Jingxing bought at a low price in advance have at least doubled, and he easily made a floating profit of 500 billion yuan. The final return on investment is very likely to exceed expectations.

1500 billion net profit is just around the corner, and this money is the investment of the Grapefruit Active Securities Investment Group, which is completely his personal wealth. In half a year, he earned enough to pay the fiscal revenue of two or three provinces. Not to mention the ostentatious title of Cash King, Xie Jingxing now feels very at ease.

I don't mind giving my sister-in-law a reassurance pill, and at the same time giving her a shot of prevention, it's easy to make money in the stock market, but it's not easy to put the money in your pocket. Maybe I have to ask my grandfather to love me again.

"...if I accept ten thousand gold coins without considering the propriety and morality, what good will ten thousand gold coins do me?"

Yu Nian was speechless for a long time, pursed her plump red lips and shook her head slightly to give a defensive shot.

This speed of making money is faster than that of a money printing machine, and it is hard not to make her suspect that there is some illegal operation.

It would be even more exaggerated if there were no illegal operations. Even so, when the bull market came to an end, countless extremely emotional investors like middle-class couples were in grief and their families were broken up.

Holding more than 100 billion in net cash profit in private hands is a crime in itself. No insider can withstand such a test. She has the urge to take his possessions.

"You are a little sentimental today." Xie Jingxing frowned.

"Maybe."

Yu Nian shrugged and refused to argue, returning to the topic: "You have no problem with the investment in the parent fund, so what about raising funds to attract social capital?"

"Two aspects. First, investment. The dividends of Internet venture capital brought by the mobile Internet wave have basically been released. It is foreseeable that it will be difficult for short-term, fast and high-return investment projects like Didi and New DAE to appear in the future."

Xie Jingxing paused for a moment and said, "There are very few good projects visible to the naked eye in the market, so the ones that can accommodate a large amount of venture capital must be the high-tech industry that generally represents the future. Everyone is foolishly investing in lottery tickets together, and chips are an indispensable part of this."

"Blind investment in high-tech, do you think this is the main trend of venture capital in the future?" Yu Nian concluded carefully.

Xie Jingxing nodded confidently: "Of course, in fact, I generally agree with the argument that artificial intelligence will bring about the next industrial revolution. Based on the general trend of fewer good projects, on the other hand, the funding source of the entire venture capital industry will be weakened."

"People are taking their money to the stock market, depositing it in banks and other places where it is more cost-effective. Currently, venture capital firms are gradually seeing a slowdown in fundraising."

He lowered his voice and said, "There is also international relations. The craze for US dollar funds will not last long, and private capital is withdrawing. It is foreseeable that state-owned parent funds will become the main financiers in the market in the future."

"In short, chips are an important investment direction in the future, and we are the major financial sponsor in the market. Social capital has no better choice than to invest in us."

Yu Nian remained silent and felt inexplicably jealous. She didn't know the specifics of international relations. How could Xie Jingxing be so sure? Grandpa was biased.

He solved the problem of self-investment and fundraising, and the partners took Luzhou as the bottom line target. After much effort, he actually came up with the framework of a 100 billion yuan industrial guidance fund.

"So what is it that you asked me out for today?" Yu Nian felt sour in her heart and put on a pair of big sunglasses to hide her expression and didn't want to look at him.

"Uh, please introduce me to some of your schoolmates, Zhu Yimin."

Xie Jingxing explained in detail: "No matter which city I cooperate with, I lack a landmark direct investment project that can drive the industrial cluster. At present, the domestic chip industry is almost contracted by your Tsinghua alumni, especially Zhu Yimin, the founder of GigaDevice. They are the leaders in the field of domestic storage chips."

“Wait until my fund is established and I will give you a portion of the investment share. I will personally guarantee that you will not lose money!” He finally emphasized the benefits.

Yu Nian hooked his finger under his sunglasses, revealing a pair of big eyes that blinked and looked up and down: "Tsinghua has thousands of alumni, and I'm not familiar with the chip circle I'm talking about."

"From another perspective, most of the companies in this circle are state-owned enterprises." Xie Jingxing smiled actively.

Although the domestic chip industry is in a state of disarray, there are still several state-owned chip companies that are responsible for social commercial chip businesses such as bank cards, electricity cards and water cards. Most of them are operated and managed by Tsinghua alumni, forming the so-called Tsinghua state-owned assets system.

An investor like my sister-in-law who has a good background can get in smoothly, but if Xie Jingxing just rushes in on his own, he will be stabbed and no one will be able to find the murderer.

"Okay, let's talk about it after the New Year." Yu Nian pushed up his sunglasses, tilted his chin and looked towards the airport.

Xie Jing Xing was speechless: "You're not flying anymore?"

"You are quite rude." Yu Nian stood up, picked up the suitcase, turned around and left.

I almost forgot that I was going to Lisbon and departing from the international terminal. It was really rude to ask someone to do something for me and meet me at the domestic terminal.

“By the way, have a nice holiday and a happy new year. Be careful when you are alone.” Xie Jing Xing said goodbye politely.

She suddenly stopped and looked back: "Is your sense of morality a wild cat?"

"What?" Xie Jingxing was confused.

"Your wife is pregnant for ten months, and you flirt with her sister?"

Yu Nian said in French with disdain: "A French person who takes off his pants and fucks a faucet when he sees it?"

"WTF, saying Happy New Year is teasing you?!"

"Look at your overindulgent face. I feel like I'm being molested no matter what you say."

"Neuropathy!"

(End of this chapter)