In China at the beginning of the 21st century, foreign exchange management was quite strict. In fact, even before Li Mu was reborn, foreign exchange still had strict requirements for ordinary people and ordinary companies. For example, the number of U.S. dollars that an individual citizen could exchange every year was only tens of thousands of U.S. dollars.
At present, apart from central enterprises, there are not many domestic companies with a total market value of more than 2.5 billion U.S. dollars, let alone so much foreign exchange. Any company trying to obtain 2.5 billion U.S. dollars in foreign exchange is basically a dream.
If Li Mu wants to get 2.5 billion US dollars in foreign exchange, normally the only possibility is to find funds from large capitals from overseas capital markets. Of course, the money in the hands of these big capitals is even more usurious than loan sharks, and they will never agree. They wanted to borrow money with a small interest rate, because they had already passed the stage of making money from interest. What they wanted was the shares of Makino Technology and the flesh of Li Mu.
For Li Mu, his head can be cut off or bleeding, but his flesh cannot be cut off, so the only option is to find ways to raise funds domestically.
If you borrow money directly from the central bank, you might be able to borrow money by using your face, but that would definitely be a very bad start, and it would also attract criticism. In the future, it might become an excuse for people who are interested in exploiting the problem, so Li Mucai I came up with this idea:
When I asked the central bank to borrow 2.5 billion U.S. dollars, I didn’t borrow it in vain. Instead, I had to set up a private equity fund to raise the equivalent value of the 2.5 billion U.S. dollars in RMB and exchange it for equal value. This is the first step;
Then deposit the money with the central bank in the name of a private equity fund, and then use the private equity fund to borrow US$2.5 billion in foreign exchange from the central bank. This is the second step;
The private equity fund has no legal relationship with Makino Technology, so Makino Technology will lend the US$2.5 billion in the form of a loan from the private equity fund to acquire Apple. This is the third step;
After acquiring Apple, Makino Technology will obtain a large amount of U.S. dollar funds from the U.S. capital market upon completion of the IPO. The scale of this fund is likely to exceed 20 billion U.S. dollars. By then, Makino Technology will have provided 2.5 billion U.S. dollars and the promised interest. Together with the private equity fund, the fund repays US$2.5 billion and the central bank's borrowing interest rate to the central bank. The remaining interest rate difference is directly converted into RMB with the central bank. It also withdraws all the previous RMB margin and repays the principal with interest. For the individuals participating in the private placement, they will finally receive the 8% annualized return promised by Li Mu. At this point, the entire process seems to be over.
However, after that, Li Mu will also give the central bank an extra big thank you feedback!
After Makino Technology goes public, it will have more U.S. dollars in its hands. When the time comes, it will find ways to invest as many of these U.S. dollars domestically as possible, which will be equivalent to earning foreign exchange for the country.
For example, if Makino Technology starts the production and research and development of smartphones and other hardware, and directly invests a large amount of US dollars to build a large-scale base in China, these huge amounts of foreign exchange will be its feedback to the central bank.
In order to borrow 2.5 billion US dollars in foreign exchange from the central bank, I made so many preparations and subsequent feedback, so that the cooperation between Li Mu and the central bank can be completely honest and open to the whole society. , in this case, it will naturally not leave any trouble for itself.
Moreover, there is no need to worry that what you do will set a bad precedent. You have your own set of standards here. If other companies can really implement according to this set of standards, then the central bank will be very happy.
…
Li Mu's entire set of speculations was easily realized by Chen Ze with almost no deviation.
At noon the next day in China, Chen Ze sent good news to Li Mu. After half a morning of communication, the central bank had agreed to Li Mu’s cooperation plan, and the central bank even gave a very large preferential treatment, that is: if Makino If the technology can invest US$2.5 billion domestically after listing, the central bank will fully exempt and exempt the interest on Li Mu's US$2.5 billion loan and all handling fees.
Li Mu didn't care about the interest, but the central bank's attitude made him particularly excited, which meant that he already had the money to buy Apple.
Immediately, Li Mu said to Chen Ze: "Let's start the internal subscription in CSC Club. The specific data is set as: annualized interest rate 8%, time period of 6-24 months, starting purchase amount of 10 million, and incremental units of 10 million. "
At this stage, even the treasury bonds that are being snatched up have an annualized interest rate of less than 4%, and they start at least 3 years ago. Later, Yu'e Bao was snapped up by the masses, and the annualized yield has been below 5% for a long time. Therefore, Li Mu gave 8 % annualized interest rate. If it were sold nationwide, 200 billion could be snatched up overnight. However, neither Li Mu nor Makino Technology is qualified to engage in this kind of financial operation, so Li Mu can only buy it from the second generation of CSC Club. Find a way to do it.
The annualized interest rate of 8% is definitely very high in the current social environment. However, for Li Mu, the cost pressure is not great. If the more than 20 billion yuan is calculated on a yearly basis, the interest will only be more than a billion yuan. , not even 2 billion, which is many times softer than those capital giants on Wall Street, and this money was used to acquire Apple, even if the interest rate was doubled, Li Mu would not blink an eye.
As for the time period set to 6-24 months, this is to maximize operational flexibility. The specific period depends on the time of your listing operation. If you go public early, the actual interest paid will naturally be less. If you go public early, the actual interest paid will naturally be less. It would be best to be able to go public in 6 months. If it cannot be done in 6 months, it will take up to two years.
Li Mu had already thought it through, so Chen Ze stopped asking any more questions and said simply: "Okay, I will inform them through the club's internal text message platform in the afternoon, and then launch a pledge page on our official website membership backend. "
CSC Club has a complete set of page products, including the official website, member area and member-exclusive backend. Any official event will be launched on the member backend with a corresponding activity page. Members can view event information, apply for event registration or contact us on the page. Official staff initiated consultation.
Li Mu said: "We have tentatively set the total amount of funds raised at 22 billion yuan. The first phase of the subscription is open to 5 billion yuan. There is no upper limit on the amount of individual subscriptions for the 5 billion in the first phase. After the first phase of subscription is completed, another one will be subscribed the next day. The second round of 5 billion will be started, the third round of 5 billion will be the same, and the final 7 billion will be placed in the fourth round.”
…
It was three o'clock in the afternoon that day, Yanjing time.
All CSC Club members received a text message:
The fund jointly launched by CSC Club founders Li Mu and Chen Ze will soon be sold to CSC Club members. The annual return of the fund is 8%, and the capital and interest are guaranteed. For details and subscription, please log in to the member backend to inquire.
The rich second generation who can join the CSC club, even if they are uneducated and unskilled, are still very sensitive to words such as "8% annualized return" and "guaranteed principal and interest".
Just looking at the annualized return of 8% without looking at the risk is a hooliganism. Even if the annualized return is 800%, if neither principal nor interest is guaranteed, few people are really interested, and even if they are interested, they may not dare to invest. But the guarantee of principal and interest is different. This is an extremely powerful guarantee in the fund field. For investors, the only risk comes from the guarantee behind the fund. If the guarantee behind it is reliable, the fund can basically be said to be Zero risk.
This fund was launched by Li Mu and Chen Ze. With these two people coming forward, this fund is already risk-free in the eyes of CSC club members.
So a large number of members hurriedly logged into the member center on their computers and saw the specific information about the private equity fund in the background.
The annual interest rate is 8%, starting from 10 million, 6-24 months, guaranteed capital and interest. These four points alone are enough to make everyone's hearts flutter, and the subscription terms only for CSC club members make them feel even more This kind of comfortable feeling of having an experienced driver to play with.
For most wealthy people, their worry is not that they cannot find money, but that they cannot find good projects for the money.
There are many projects with 100% profit, but a 100% profit rate may correspond to a success rate of 10% or even lower. Most people dare not touch such projects;
There are many projects with 10% profit. If the success rate is lower than 70%, most people will not take a second look;
For a project with a profit of 8%, if the success rate is infinitely close to 100%, this will be extremely attractive to anyone, and can even make people flock to it and rush in like crazy.
Looking at Yu'E Bao is the best proof. For most people, with the endorsement and support of Alibaba, Yu'E Bao's investment success rate is wirelessly close to 100%, so even if the annualized interest rate is less than 5%, A large number of users rushed to grab it, and the total amount exceeded one trillion at its peak.
Let’s look at the bankrupt P2P companies. There are a lot of companies that are infinitely equivalent to leather companies. They use Ponzi schemes to give annual interest rates of 8-10%. Even if there is no giant company behind them, they can make people crazy.
As a result, a large number of CSC club members staged the same scene in front of their computers:
"Hey, Lao Chen, are you interested in a 5% capital-guaranteed and interest-guaranteed fund... Of course it is a capital-guaranteed and interest-guaranteed fund. I guarantee you there will be no risk at all. If you have money on hand and have no place to invest for the time being, you can use it for me to do it... Don't worry. , don’t you still know about my family’s situation? Can I still swallow your tens of millions or one hundred million? Don’t worry, I’ll sign a contract with you and make it clear!”
"Mr. Xu, how is the performance of your fund this year... Oh, the investment market does not seem that good this year. If you lack stable investment channels, you can contact me. If there are more, I cannot guarantee it. The annual return is 4-5%, 100 % guaranteed capital and interest, there is no better project to consider... Of course it is true, we are all my own people, can I lie to you? Specifically, if you take less than 50 million, I guarantee you 4%, 5,000 From 10,000 to 100 million, I will guarantee you 4.5%, and above 100 million, I will guarantee you 5%!”
"President Li, are there any preferential policies for large loans recently? The interest rate is best below 4%. If it can be controlled at 4%, I will refund you 1% privately. If it can be lower, the difference will be yours... I can get you a company shell to apply for, and you can do the math for yourself. If you can get a low-interest loan of 100 million and 4%, you can make a net profit of 1 million a year. How much does your company cost now? One hundred thousand? Don’t worry! There will be absolutely no problem with my operation, and the money can be given directly to you in cash when the time comes!"
(End of chapter)