Chapter 3900 3902 [Returning to hometown investment]
However, Xiang Nan did not refuse all comers, but screened the customers in detail.
Because he knows that wealth will not grow indefinitely. The more funds he manages, the thinner the profits he creates.
For example, if you set up a street stall to sell grilled sausages, the cost of a grilled sausage is only a few cents, but the selling price is as high as several yuan. After excluding fuel, equipment fees, stall fees, etc., there is still 80% profit.
But the big companies that really produce grilled sausages, such as Yurun, have even been losing money for many years in a row.
So in order to maintain a high profit ratio, Xiang Nan had to limit his fund size, investment amount and partners. Rich people, politicians, banks, and institutions are his key cooperation targets.
This type of person has connections, status, and power, and is his best ally. And the investment amount has expanded from one million US dollars at the beginning to five million US dollars now.
Such a large sum of money is enough to exclude ordinary people.
At the same time, by doing this, Xiang Nan can also create scarcity, so that those who want to cooperate with him must show higher sincerity in cooperation. Instead of simply treating him as a financial advisor that they can call around.
You must know that for those wealthy people, those financial advisors are, in their eyes, servants, eagle dogs, and dwarfs carrying hoes to help them dig out gold mines.
They think that after paying the commission, they can do whatever they want, and whatever they call will come and go.
Xiang Nan didn't want that. He wanted an ally, not a master.
So those who want him to help manage their finances must show enough sincerity, otherwise he will not cooperate with them.
Just like Sam Walton, when he started to cooperate with Xiang Nan, he was forced by Xiang Nan and was reluctant to do so.
But after Xiang Nan has made hundreds of millions of dollars for him in the past two years, he now dare not say that he is obedient and obedient to Xiang Nan, but he is responsive to every request and is quite enthusiastic.
…
After some operations, the size of Daguang Fund was limited to US$3 billion, and its customers were also limited to 250. Among them are many of America's top richest men, politicians, scholars, as well as influential Hollywood stars and directors.
For example, Wal-Mart Chairman Sam Walton, former California Governor Edmund Gerald, UCLA President James Reeves, famous Hollywood director George Lucas, and Oscar-winning actor Dustin Hoffman etc.
Xiang Nan also relied on this fund to initially establish his own network. From now on, he will no longer be a piece of fish on the chopping board, to be slaughtered by others, but will also become a guest.
As time goes by, Xiang Nan will announce his performance in each fiscal year every year.
The profits of Daguang Fund have also lived up to expectations. The profit rate is more than 50% every year, and even the profit rate in 1991 reached 90%, allowing all investors to gain huge benefits.
As a result, more and more people want to invest in him, including banks such as UBS, CCB, and Royal Bank of Scotland, all of whom want to cooperate with him.
After all, everyone likes to make money, even banks. They are even more thirsty for profits.
However, Xiang Nan still adopts a strict access policy, and he will not accept anyone who invests.
Hence, the size of his fund has always been small, always limited to less than US$5 billion.
It turned out that after she immigrated to the United States, she married a white man in Los Angeles. The man was a senior company executive with a small fortune and was considered a gold-collar worker. He knew that Yang Yingying knew Xiang Nan, so he asked her to be a lobbyist, hoping that Xiang Nan could help him manage his finances. After all, Daguang Fund can create several percent of returns every year, which is really a great investment channel.
It’s just that the entry threshold for Daguang Fund is too high, with a minimum limit of US$5 million. Even so, many wealthy people are still unable to get in.
So he could only send Yang Yingying, hoping that Xiang Nan would do him a favor for the sake of his friends.
However, Xiang Nan did not give her this face.
The reason why he met Yang Yingying in the first place was because Yang Yingying was Qiu Yingjie's wife. Now that they are divorced, Xiang Nan still has a rough relationship with her.
…
In 1992, Xiang Nan kept his word and prepared to return to his hometown to invest.
When he returned to his hometown this time, he not only wanted to invest on his own, but also attracted several big projects.
For example, American daily necessities giant Procter & Gamble, food giant Mars, home appliance giant ACA, clothing giant GAP, etc. will consider investing in setting up factories in Yiwu, or cooperate with local enterprises in Yiwu to entrust processing.
The total investment will also reach US$500 million, while in the same year, domestic foreign exchange reserves were only US$1.9 billion. It can be said that this US$500 million is simply a huge sum of money.
Once the investment is successful, not only will the Yiwu economy take off, but it will also have a very positive impact on the national economy.
Xiang Nan arrived at Hangzhou Airport with a delegation. Qiu Yingjie and others specially led a team to the airport to greet him, "Welcome, welcome, warm welcome."
"How about it, Brother Qiu, you are quite interesting." Xiang Nan said with a smile.
“That’s great.” Qiu Yingjie said excitedly, holding Xiang Nan’s hand tightly.
Xiang Nan brought big customers this time. Procter & Gamble, Mars, ACA, GAP, etc. are all giants that are well-known internationally.
If they can set up a factory in Yiwu, it will not only provide a large number of jobs and create a lot of tax revenue for Yiwu, but also effectively promote the development of the upstream and downstream industrial chains.
For example, Mars is a food giant. Dove chocolate, Snickers, M&M's, Wrigley gum, etc. are all its flagship products.
If it sets up a processing factory here, the upstream raw material factories, packaging factories, printing factories, and downstream dealers, retailers, etc. will all benefit. It can be said that such a large factory can support dozens of small factories around it without any problem.
"I have fulfilled my mission." Xiang Nan said with a smile, "By the way, your face has darkened a lot, so you must have not rested in the past few days.
Let me tell you, 'The body is the capital of work.' No matter how hard you want to work, no matter how much you want to speed up the economy of Yiwu, no matter how much you want to drive people to get rich, it is not something that can be accomplished overnight, so take a rest. Still necessary.
Otherwise, I'm afraid your life will be in danger before all the people in Yiwu have gone to work for a better life. Let's do this. I'll check your pulse later and prescribe a few prescriptions to help you take care of yourself. "
“Do you still understand this?” Qiu Yingjie asked with a smile upon hearing this.
“Of course, I have not been a fake in these years in the United States.” Xiang Nan said with a smile, “When I first went to the United States, I often went to Chinatown in San Francisco because I was homesick.
There was an old Chinese doctor there who liked me very much, so he passed on all his medical skills to me. I'll help you take good care of it later. "
“Okay.” Qiu Yingjie agreed with a smile.