Chapter 3900 3902 [Returning to Hometown for Investment]

However, Xiang Nan did not refuse all clients, but screened them in detail.

Because he knew that wealth would not grow indefinitely, and the more funds he managed, the thinner the profits he created.

For example, if he set up a street stall to sell grilled sausages, the cost of one grilled sausage was only a few cents, but the selling price was as high as several yuan. Excluding fuel, equipment costs, stall fees, etc., there was still 80% profit.

However, large companies that actually produce grilled sausages, such as Yurun, have even been in a loss-making state for many years.

So in order to maintain a high profit ratio, Xiang Nan had to limit his fund size, investment amount and partners. People like rich people, politicians, banks, and institutions are his key targets for cooperation.

These people have connections, status, and power, and are his best allies. Moreover, the investment amount has expanded from one million dollars at the beginning to five million dollars now.

Such a large amount of money is enough to exclude ordinary people.

At the same time, Xiang Nan can also create scarcity by doing this, so that those who want to cooperate with him must show higher sincerity for cooperation. Instead of simply treating him as a financial advisor who can be called by them at will.

You have to know that for those rich people, those financial advisors are servants, lackeys, and dwarfs who carry hoes to help them dig gold mines.

They think that they can do whatever they want after paying commissions, and they can come and go at will.

Xiang Nan doesn't want that. He wants allies, not masters.

So those who want him to help with financial management 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.

But after Xiang Nan made hundreds of millions of dollars for him in the past two years, he dare not say that he is obedient to Xiang Nan, but he is also very enthusiastic.

...

After some operations, the size of Daguang Fund was limited to 3 billion US dollars, and the number of customers was limited to 250. Among them are top American billionaires, politicians, scholars, and influential Hollywood stars and directors.

For example, Wal-Mart's chairman Sam Walton, former California governor Edmund Gerard, UCLA president James Lewis, Hollywood's famous director George Lucas, Oscar-winning Dustin Hoffman, and so on.

Xiang Nan also relied on this fund to initially establish his own network of contacts. From then on, he would no longer be a fish on the chopping board, at the mercy of others, but also become a guest of honor.

As time passed, Xiang Nan would announce his performance in every fiscal year.

And the profits of Daguang Fund lived up to expectations, with an annual profit margin of more than 50%, and even in 1991, the profit margin reached 90%, allowing all investors to gain huge benefits.

Therefore, more and more people want to invest in him, including banks such as UBS, Huifeng Bank, and Royal Bank of Scotland, all of which hope to cooperate with him.

After all, everyone likes to make money, even banks are no exception. They are even more eager for profits.

However, Xiang Nan still adopts a strict access policy, and he will not accept anyone who comes to invest.

Therefore, the size of his fund has always been small, always limited to less than 5 billion US dollars.

It is worth mentioning that Qiu Yingjie's ex-wife Yang Yingying once came to Xiang Nan, hoping that Xiang Nan could help her current husband with his finances.

It turned out that after she immigrated to the United States, she married a white man in Los Angeles. The man was a senior executive of a company, with a small fortune, and was considered a gold-collar class.

He knew that Yang Yingying knew Xiang Nan, so he asked her to be a lobbyist, hoping that Xiang Nan could help him with his finances. After all, Daguang Fund can generate several percent of returns every year, which is really a great investment channel.

It's just that the entry threshold of Daguang Fund is too high, with a minimum limit of 5 million US dollars. Even so, many rich people still can't get in.

So he could only send Yang Yingying, hoping that Xiang Nan would help him for the sake of friendship.

But Xiang Nan didn't give her this face.

The reason why he met Yang Yingying was because Yang Yingying was Qiu Yingjie's wife. Now they are divorced, and Xiang Nan still has nothing to do with her.

...

In 1992, Xiang Nan kept his word and prepared to return to his hometown to invest.

This time when he returned to his hometown, he not only wanted to invest himself, but also brought in 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 factories in Yiwu, or cooperating with local enterprises in Yiwu to entrust processing.

The total investment amount will also be as high as 500 million US dollars, while in the same year, the domestic foreign exchange reserves were only 1.9 billion US dollars. It can be said that this 500 million US dollars is simply a huge sum of money.

Once the investment is successful, not only will the economy of Yiwu take off, but it will also have a very positive impact on the national economy.

Xiang Nan took a delegation to Hangzhou Airport by plane. Qiu Yingjie and others specially led a team to the airport to greet them, "Welcome, welcome, warm welcome."

"How about it, Brother Qiu, brothers are good enough." Xiang Nan smiled.

"That's great." Qiu Yingjie shook Xiang Nan's hand tightly and said excitedly.

Xiang Nan brought all big customers this time. Procter & Gamble, Mars, ACA, GAP, etc., are all internationally famous giants.

If they can set up a factory in Yiwu, it will not only provide a large number of jobs and create a large amount 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 plant 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, seeing that your face has darkened a lot, 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 the people of Yiwu have all gone to be well-off. 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 after 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 ran 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.