Chapter 303 Luzhou Treats You Like First Love

The welcome dinner ended that evening.

The TV in the hotel room was replaying the province's evening news. The name of Luzhou Xinhai Industry Guidance Fund did not appear. There was only a short 30-second message that gave a vague introduction to the general situation.

But a piece of calligraphy with strong and powerful strokes and ink penetrating through the back of the paper was clearly placed before his eyes, just like the one written by the magic pen in the hand of Ma Liang in the fairy tale.

What you write doesn't exist in reality?

It doesn’t matter, it will exist once it is written - Luzhou Xinhai Industry Guidance Fund.

Yu Tong, Zhou Fenglan and now Xie Jingxing are all very familiar with this. Whatever they dream about at night will come true the next day.

And at this moment, such magical powers were being performed by others in front of him.

"I don't really like this."

Xie Jingxing rubbed his temple and spoke in an erratic tone, even if the person who performed the magic power intended to express his determination, give up his interests, or even include a certain degree of love.

But this project has been labeled inevitable, and both Xiyou and Luzhou have lost the room for failure in their cooperation. It can be predicted that the subsequent negotiations will be a messy stalemate.

Tang Man opened a bottle of iced mineral water and said, "If there was really no room for maneuver, the news tonight would not have broadcast only a 30-second message. The leaders had good intentions and showed great kindness to us."

"Subjectively, there is absolutely no such thing, but objectively, maybe there is?"

Xie Jingxing took a gulp of the mineral water and shook his head to sober up a little: "If there is still a choice, I will turn around and leave, but Luzhou is already our best choice."

"Tang Man, I am no longer the kind of kid who can do whatever he wants under the protection of my parents. They have done enough for me, and now it's my turn to do something for them."

He blew a frivolous breath: "For example, try to get used to and accept complicated PR."

"It still sounds like the second generation of Turtles is out of touch with reality. In fact, we rarely call this kind of thing PR," Tang Man commented.

Xie Jingxing raised his eyebrows: "What is that called?"

"Make friends, build relationships, and leave a legacy."

Tang Man was very serious, but she couldn't help laughing while talking, and Xie Jingxing was infected and started laughing too.

As they laughed, they both fell silent again. After a long while, she nodded slightly and said, "This is a 100 billion government-guided fund. No one in the company thinks there is anything wrong with this project. It seems that you should lead us to do a project of this level and make it a success."

"You've done a great job, really, and you can do better. Both He Chuan and I firmly believe that."

"Like coaxing a child." Xie Jingxing shrugged.

Tang Man looked at him with a frank and steady gaze, and slowly took out a piece of paper that had been folded several times from her pocket.

Luzhou Construction Investment Company, Luzhou High-tech Zone, Luzhou Finance, and Luyang Science and Technology Innovation Group invested a total of 400 billion yuan, of which the finance and high-tech zone invested a total of 270 billion yuan as subordinated funds.

If Xinhai Fund suffers losses, the 270 billion yuan principal will be the first to suffer losses; conversely, if it makes profits, it will be the first to share the profits.

But this is just the simplest priority/subordinate funding structure. On the origami that Tang Man unfolded, the second sentence, written by someone unknown, was that the government would withdraw a total of 400 billion yuan from the parent fund within seven years and only wanted a 7% share of the total profits.

After paying interest on the bond loan at the annualized rate for more than seven years, Grapefruit Capital and other investors can repurchase the 400 billion yuan in principal shares.

The average return ratio of the invested projects is 1.5 times, and the upper and lower fluctuations can be appropriately relaxed for high-quality projects.

In short, at the parent fund level, you invest the most money, take the greatest risk, and get the lowest rate of return.

Grapefruit + other social capital can share 60% of the profits with 88% of the investment.

Counting on one's fingers, according to the current mainstream annualized return rate of 7% for closed-end funds with a seven-year term, it would be 30 billion yuan in seven years. As for how Xie Jingxing would use his status as a fund manager to take away from the 4400% of the profits, it was not specified on the paper.

If the fundraising ability is strong, he will get more; if the fundraising ability is weak, he will get less. It all depends on the game between him and other social capital investors.

This is a "mezzanine fund", and Xiyou has taken advantage of the hundreds of billions of yuan in capital of the parent fund.

In terms of fund operation and management, the dual GP manager structure is chaired by Xie Jingxing himself and one appointed by the Luzhou Municipal Party Committee. He has the power to form a fund management team.

There are 13 seats in the Investment Decision-Making Committee, with each of the four investors in Luzhou City holding one seat and ZZ City holding one seat, for a total of five seats with a veto power.

The direct investment share of the 35 billion fund shall not exceed 65%, 35% shall be used to invest in sub-funds, and the investment proportion in a single sub-fund shall not exceed %, with the main purpose of maximizing the leverage of social capital.

All direct investments and FOF sub-fund investments are cross-checked by two fund managers...

"How is it? The conditions are much beyond the latest guidance fund operation guidelines. You won it with your ability."

Tang Man pointed at the origami paper with densely written content: "It is not in vain, and the people of Luzhou treat you like their first love."

"It has both good and bad sides. The return investment ratio, direct investment ratio, and the exit terms of the sub-funds are still up for negotiation. I invested 400 billion yuan in Luzhou. Even if I was a pig and threw it blindly, I could still make a few jars and pots to save some wealth for the local area."

Xie Jingxing said this indifferently, but he couldn't suppress the raised corners of his mouth.

In fact, leaving aside the various conditions of the cooperative fund, it is difficult to say whether the 100 billion fund itself is poison or medicine.

If the fund manager is really as stupid as a pig and behaves as flamboyantly as he does, the hundreds of billions of funds will create a debt pit of at least one trillion yuan in the local area.

The people of Luzhou treated him more than just like their first love. They truly regarded him as the Monkey King who accompanied them on the journey to the West to overcome 81 difficulties in search of the supreme Dharma and the true scriptures. They were dedicated to him and were willing to pay their respects to him.

Xie Jingxing suddenly understood BOE CEO Wang's previous persuasion and that sentence - only Luzhou has achieved firm and persistent unity. "The fund team is preparing, and we have funds that will be in place in the summer. Can we officially operate in the third quarter of this year? Before that, we always have plenty of time to negotiate." Tang Man guided step by step.

Xie Jing Xing couldn't help but say: "Why does it sound like you were bribed and betrayed?"

"How about I go for a thoracotomy and check if the word 'grapefruit' engraved on my heart has faded?" Tang Man smiled.

Xie Jingxing's anus tightened. With the mentally ill Yu Nian in front of him, he now had a psychological trauma about these old women, so he didn't dare to respond casually.

"Although I didn't betray you...but there were a lot of inducements. Mr. Xie should just take care of our work at Grapefruit Capital."

Tang Man stood up calmly, and while she was speaking, she had already moved stealthily to the entrance. As soon as she finished speaking, she quickly opened the door and ran away.

"Clang."

An empty mineral water bottle hit the door with a crisp sound. Xie Jingxing was so angry that he jumped up and down. After a moment, he rubbed his face helplessly and chuckled silently.

He invested 400 billion yuan in Xinhai Fund. The money was his own and the channel belonged to Xiyou. Even if he lost everything, it would not have much to do with Tang Man. At most, it would damage Xiyou's brand.

The personal connections she gained from the negotiations, the various invisible benefits she secured for Xiyou, future fund operating income, and so on all truly benefited her personally.

Xie Jingxing was angry at the old woman's straightforwardness, and his smile was also so straightforward. A subordinate with desires is a good subordinate.

…………

Luzhou is a city where everything can be pickled. Especially during the Chinese New Year, the hotel’s buffet breakfast restaurant is filled with various special dishes such as sausages, salted chicken, and salted duck.

Early in the morning, a bowl of white rice porridge, a plate of egg dumplings and two pieces of bacon will refresh your stomach and soul.

"Morning, how was your rest last night?"

Director Yang, with bags under his eyes, sat down at the dining table and greeted us. He got drunk last night and stayed in the hotel instead of going home.

"I slept so well, just like at home. Thank you and the people of Luzhou for your warm hospitality."

The hotel arranged by the development zone was not that high-star, but the hotel prepared fresh welcome fruits and handwritten welcome letters for all rooms, especially Xie Jingxing's room, where four soft and hard pillows and bed sheets were embroidered with his name.

The general direction is extremely enthusiastic and the details are equally precise, which is rare and it is no wonder that Tang Man has such a tendency.

Xie Jing Xing pushed the fried glutinous rice balls on the plate: "Try it, it's pretty good."

"I'm old now, so I don't eat meat in the morning."

Director Yang drank too much last night, and the smell of oil made him feel sick. He quickly changed the subject: "Let's go to Chenghuang Temple today? Let's feel the New Year atmosphere in Luzhou."

"no problem."

Xie Jingxing simply agreed. Opening an altar and burning incense during the New Year is a folk tradition in Luzhou. It is just a good start for a large project worth hundreds of billions of yuan. Even a rocket launch needs to choose a good day.

He understood without saying anything. He waved to the nearby area and said, "I have to go to the capital tomorrow. Our President Tang will be in charge of this place for the time being."

"Then we will officially start the project negotiations tomorrow." Director Yang looked at the energetic old woman walking towards him, his throat tightened and he almost vomited.

Previously, Xie Jingxing came alone and was forced to drink alcohol by the people of Luzhou, which made his eyes go blank. This time, the situation was greatly improved when he brought a team with him.

The young comrade named He Chuan is the type who is cunning and tries to persuade people to drink. The old-fashioned comrade named Miao Nan comes from a state-owned venture capital company. He can drink and talk a lot. They are all very good and have unique skills.

As for this Ms. Tang, how can I say it? When she picked up Xie Jingxing's wine glass with a smile, Director Yang realized that the "three cups of punishment for drinking on behalf of others" that he had set before the drinking started was a mistake.

He was defeated first, and his secretary followed suit. In the end, all the civil and military officials at the huge wine table were hesitant, but a woman was forced to kill everyone!

"Is Manager Xiang not here?" Tang Man greeted him and asked with concern.

Director Yang thought that you had almost made him drink so much that he had to call the personal accident insurance claim number: "He should not be up yet. Don't worry, let him sleep a little longer. He drank a little too much last night."

"Manager Xiang is very enthusiastic. I feel like he must have worked in an investment bank in the market."

There was no lack of praise in Tang Man's words. Director Yang glanced at Xie Jingxing, who had a proud look on his face as if he had a general. He smiled and said nothing, letting the former speak.

Mr. Tang, a junior partner of Grapefruit Capital, has a tendency, but that doesn’t mean he has a crooked butt.

The operation model of Luzhou Xinhai Industry Guidance Fund is divided into two parts. One part is that Luzhou City directly establishes a board of directors office, which is responsible for front-end investment decisions and back-end risk control management.

The other part is the fund operation work. Grapefruit Capital will set up a market-oriented semiconductor investment team. Every clause in this regard is a bargaining chip that she has to fight for.

Xiang Yuan, deputy general manager of Luzhou Construction Investment Company, has no problem with basic financial investment capabilities. He is not professional in chip industry investment, but his interpersonal skills are generally acceptable.

The most important thing is that the manners and speech displayed in social interactions are gentle, appropriate and just the right measure. Tang Man believes that it is more appropriate for this person to serve as the GP manager appointed by Luzhou Municipal Committee.

To put it bluntly, she felt that she could deal with Xiang Yuan and would not let him affect the normal operation of Xiyou.

"Manager Xiang is very thoughtful." Xie Jingxing concluded.

Director Yang seemed to be thinking: "Xiao Xiang is not bad."

(End of this chapter)