Debuted right after graduating from high school

Manager Song of Sanyao Heavy Industry returned to the hotel and held a conference call with other senior executives of the company.

After discussion, everyone felt that signing a performance-based agreement in the form of convertible bonds would likely have a serious impact on the stock price of Sanyao Heavy Industry.

The reason is that Fan Wumian's decision not to directly issue shares but to convert them into shares a year later clearly shows that he is not optimistic about the stock price trend of Sanyao Heavy Industry in the coming period and believes that it will continue to fall.

Given Fan Wumian's current prestige in the securities and financial market, his every move is being watched. Countless analysts and veteran stock investors are shrewd people. Once they discover that the situation is not good, it will have a huge negative impact on the stock price of Sanyao Heavy Industry, which runs counter to the board members' hope to stabilize the stock price by acquiring Quzhou Heavy Industry.

Therefore, after voting over the phone, everyone felt that since Fan Wumian was willing to provide bridge financing, they might as well discuss with the bank to quickly acquire Quzhou Heavy Industry and then use Quzhou Heavy Industry's assets as collateral for a loan.

the next day.

After receiving a definite answer, Fan Wumian actually breathed a sigh of relief.

Right now, he just wants to hold cash and wait and see. Lending money to Sanyao Heavy Industry would allow him to earn higher interest rates without having to bear the risk of excessively high costs of building a position, and it would also be less likely to offend anyone, making it a relatively easy and convenient option.

Earlier, the news that Quzhou Heavy Industry wanted to be sold to the American Carlyle Group caused a great uproar in mainland China, infuriating countless people.

Fan Wumian's act of funding Sanyao Heavy Industry to complete the acquisition of Quzhou Heavy Industry will also bring him some good reputation after it gets out, subtly changing people's impression of him.

After discussing with the president of Xinhua Insurance Group, it was decided to provide a loan of 25 billion RMB in the name of the company. The interest rates on other bridge loans were particularly outrageous, with some reaching an annualized interest rate of 50% or even 100%.

Fan Wumian only charges 1% interest per month. Whether the loan is repaid early or after a full year, it is up to the board of directors of Sanyao Heavy Industry. If the acquisition of Quzhou Heavy Industry proceeds smoothly, the process of repaying the loan and borrowing new money will likely take no more than three or four months. The 25 billion RMB will then be returned to the account of Xinhua Insurance Group with interest.

Apart from a few startups, the vast majority of assets are now overvalued. From the stock market to the real estate market to the private equity market, it is difficult to find quality targets worth investing in. This has resulted in Fan Wumian having the skills to slay dragons, but only being able to hold a large amount of idle funds in the mainland market to earn interest.

Since the A-share market did indeed plummet as he predicted, first being driven up by international hot money and then falling by hundreds of points, countless institutions and investors who were brought back to reality have once again dug up his previous Weibo posts, regretting that they did not listen to him and did not buy funds under Boshi or Shanzhaiwang.

In the past two weeks, most fund products on the market have fallen by more than 10%, and many retail investors' stocks have fallen even more. However, the products of Bosera Fund and Mountain King Fund have been very stable, mainly due to the rise in gold prices, as well as the returns from wealth management products and futures. Some wealth management products have even risen by about 1% against the trend.

He successfully outperformed the market, almost perfectly avoiding a bear market, and combined with Fan Wumian's view of "buying at the bottom when the opportunity arises," he attracted a massive influx of risk-averse funds into his asset management company and insurance company.

A few days ago, Wang Yu, president of Bosera Funds, complained that too many fund investors were redeeming and withdrawing their funds. Now the situation has been quickly reversed. Since the Shanghai Composite Index slightly broke through 5000 points, Bosera Funds and Mainland Mountain King Fund have attracted more than 220 billion RMB in net inflows of custodial funds.

In contrast, institutions like China Merchants Securities and BOC Fund, which Fan Wumian only invested in and did not get involved in the specific management of, saw their wealth management products perform only slightly better than their peers, but not by much.

However, due to the frenzied bull market and the influx of investors who did not consider paying early redemption fees, both China Merchants Securities and BOC Fund Management saw a surge in revenue. The former's net profit this year has exceeded 40 billion RMB, and its net profit for the whole year is expected to reach 55 billion RMB.

Meanwhile, BOC Fund and BOC Securities, which Fan Wumian invested in, have a relatively short development cycle and their businesses are just starting out. Their latest combined net profit has exceeded 4.4 million RMB.

Funds and securities firms are cyclical stocks; when a major trend emerges, their revenue can become quite high.

Last year, China Merchants Securities earned a total of 13.6 billion RMB, which was quite good compared to the 6100 million RMB the year before. Even Fan Wumian did not expect that this year's returns would suddenly become so exaggerated.

In contrast, Bosera Funds and the Mainland Mountain Bandit King Fund can only earn a meager living, but fortunately, although their net profits are not good, they have won a good reputation.

As A-shares fall further, Fan Wumian's aura will only intensify. Within a few years, he'll be able to recoup all the losses incurred this year by seeking stability, with profits to follow.
After reading some reports about Sanyao Heavy Industry and Quzhou Heavy Industry, I decided not to meddle any further, nor did I have any intention of intervening to prop up the market and help shareholders recover their losses.

Investing involves both gains and losses. If you're desperately chasing high prices and trying to make quick money, you should naturally bear the corresponding costs. You can't be all envious and blinded by profits when you're making money, and then complain and try to make others take responsibility for your losses afterwards.

Fan Wumian believes that it would be quite good if the A-share market could maintain around 3000 points in the long term. By continuously issuing new shares to withdraw hot money from the market, speculators would not have the opportunity to stir up trouble. At least the fluctuations would not be so large, and it would be difficult to breed widespread risks.

Many market management experiences have been gained at the cost of countless investors' painful losses. Recently, numerous major shareholders and international speculators have made a fortune, but at the cost of countless middle-class and high-income individuals falling into poverty overnight.

Although the negative impact is not as severe as in the previous life, it should not be underestimated. There are often news reports of people leaving behind a lot of debt and ending it all by standing on the rooftop.

The decline has only just begun, and we may have several more tough months to endure until the US stock market completely collapses and the market truly bottoms out.

at the same time.

A vice president of Tencent Group, after receiving the task from Fan Wumian, personally took charge and busied himself preparing for the "Penguin Literature" project.

The initial goal is to use 3 million RMB to acquire or raise funds from a number of online novel platforms and publishers, and to leverage the resources of Tencent to help drive traffic and grow the business.

A few more days passed.

Fan Wumian, unable to stay idle, came to the headquarters of Tencent Group in Shenzhen to try out several newly developed online games.

During this time, the senior vice president in charge of the Penguin Literature project approached him to report on the latest progress, saying:
"Mr. Chen from Shengda Networks has made enough money in the past few years and is now transitioning into a venture capitalist."

"When Mr. Chen heard that we wanted to acquire his literary website project, he said that it was not impossible to acquire it, but we had to retain some equity for cooperative development, or exchange it for other projects. He was not interested in our offer of 2.5 million RMB."

"So far this year, Qidian.com's total revenue has barely exceeded 3200 million yuan, and its net profit is less than 1000 million yuan. Our offer is very sincere, but Mr. Chen is not short of money, unlike the founders of those small companies, which makes negotiations very difficult."

Fan Wumian was sitting in front of his computer, trying out the newly developed Angry Birds PC game. This was obviously a preparation for expanding into the international mobile game market. Also being developed at the same time were Temple Run, Fruit Ninja, and a new version of MapleStory, which could be easily modified into mobile game versions.

He said to Vice President Ge, who was standing beside him:
"I don't think I've ever met anyone who's completely uninterested in money. I want to set up a literary website so I can develop online games, adapt films and TV series, and create animations. What does he want from me? A few million in net profit every year?"

"If the offer is right, they'll probably still sell to us. What specific projects are you referring to, Mr. Chen?"

"Penguin's online games, or my Tudou.com?"

Vice President Ge replied:

"We haven't discussed the specifics in detail yet, but he mentioned the newly launched WeChat and the international version of Tencent Weibo, complaining that the mainland online game market is almost monopolized by us."

Fan Wumian made the decision, saying:
"Let them wait a few days. The US stock market hasn't crashed yet, and these Chinese companies listed on Nasdaq are prone to developing a misconception that they're invincible. I happen to be holding a concert in Shanghai next week. Let's arrange a time to meet with Mr. Chen then, and you guys can come up with a Plan B. If we can't reach an agreement, we can use the funds that were originally intended for the acquisition to cultivate and incubate our own novel website. As long as there are enough creators and enough traffic, I don't think there's much of a barrier to entry." (End of Chapter)