Chapter 636: The Collapse of Foreign Trade
"Mr. Lu, what would you like to eat?"
Seeing Lu Liang come over, the barbecue stall owner shivered and woke up suddenly, quickly lighting up the grill to preheat the charcoal.
Indoor grilling mostly uses electric grills, which are relatively healthier, but Lu Liang really enjoys the unique aroma of charcoal grilling, so he installed an exhaust pipe specifically for it.
"As usual, get me two portions." Lu Liang skillfully opened the refrigerator, turned his head to look at Liang Wenhu: "What would you like to drink?"
"Let's drink soft drinks. There might be things to do during the day, plus my alcohol tolerance is pretty bad."
Upon hearing Liang Wenhu's words, Lu Liang nodded slightly and silently replaced the beer in his hand with a soft drink.
Liang Wenhu is the founder of Huanfang, although the probability of him being persuaded is quite low, Lu Liang wanted to give it a try.
Lu Liang asked: "For the upcoming collaboration between Huanfang and Tianxing, do you have any good ideas, Wenhui?"
Liang Wenhu was taken aback, not expecting Lu Liang to suddenly bring up this matter, but he wasn't completely unprepared.
He replied, "Both parties contribute funds to establish an international quantitative fund, managed by Huanfang."
"The AI model is developed independently by Huanfang, having the newly established quantitative fund managed by Huanfang seems quite reasonable."
Lu Liang took a sip of 100% orange juice and suddenly smiled: "But how much capital can Huanfang contribute?"
Huanfang Quantitative's scale is only 3 billion RMB, which translates to less than 430 million US Dollars at the current exchange rate.
How much capital can Huanfang provide to cooperate with them?
Moreover, converting US Dollars to RMB is easy, but converting RMB to US Dollars is not.
In the venture capital circle, Tianxing Private Equity is very popular; Lu Liang's influence is only one aspect. They are a dual-currency fund and can provide US Dollar financing.
If equipment is procured abroad, as long as it's not restricted for export, it can be purchased with US Dollars, but not necessarily with RMB.
Huanfang is just a single-currency private equity fund, investing in RMB and receiving dividends in US Dollars. Investors would definitely be fully willing, but the Silver Supervision Committee would absolutely not agree, as it would be suspected of asset shifting.
Liang Wenhu was silent, suddenly looking at Lu Liang: "Mr. Lu, do you have any suggestions?"
"Our cooperation mission will certainly remain unchanged."
Lu Liang smiled faintly and slowly said, "But the manner of cooperation can be changed."
"In what way?" Liang Wenhu asked.
"Raise funds in the name of Tianxing, Huanfang provides technology."
Normally, if a big company covets the talent or technology of a small company, the primary approach would certainly not be friendly cooperation, but relentless acquisition.
But Huanfang has been developing so smoothly, growing from 100 million in the first year to 3 billion in the second year, and Liang Wenhu is still the founder of this company.
Now asking him to give up his leading position to work under someone else, no matter who would not be willing.
Therefore, Lu Liang opted for a softer approach.
He plans to establish a completely new fund, with a guaranteed asset management scale not less than 10 billion US Dollars.
Liang Wenhu becomes the general manager, Huanfang Technology provides technical support.
Liang Wenhu joins as part of Huanfang Technology, both parties jointly hold 15% of shares and are responsible for the daily operations of the fund.
A company is the labor of love of every founder; its importance in their hearts surpasses even that of their own children. Acquisition equates to snatching away their offspring.
Lu Liang is a good person and a gentleman.
A gentleman never takes what others covet, but if they are biased themselves, that is not his concern.
Huanfang can only harvest domestically, its scale is just 3 billion, while Lu Liang's newly established fund starts with a scale of 10 billion US Dollars and can compete internationally with Wall Street giants.
Over time, Liang Wenhu will inevitably shift his focus to the new company, rounding up, it equates to working for him.
Moreover, there is a concept that needs correction in private equity; the asset management scale refers only to the amount of assets managed, not the company's value.
If the new fund's charging model still adopts Tianxing's original '3+20N', it means a tiered fee structure.
Then, in the case of the same scale and profits, the 15% that Liang Wenhu and Huanfang jointly hold will generate returns more than five times Huanfang's.
Upon hearing this, Liang Wenhu fell silent once more.
After a long time, he said, "Mr. Lu, I need to go back and discuss this with my colleagues."
"Take your time to consider, no need to rush to give me a reply."
Lu Liang chuckled softly and suddenly shouted towards the barbecue stall: "Little Lin, is it done? The sky is almost bright."
"Mr. Lu, just give it a moment, it's almost ready." The owner quickly poked his head out, smiled apologetically and replied.
Liang Wenhu couldn't help but ask: "Mr. Lu, do you really trust me? Have such confidence in me?"
"I wasn't that sure before, but now I am very certain. You are the unparalleled choice to manage this new fund."
Lu Liang smiled, suddenly stood up, took the platter from the owner's hands, which contained his favorite kidneys, oysters, and leeks.
This year marks the third anniversary of Huanfang Technology's establishment. The first year was preparation, with only two years of actual development.
Starting from scratch without any background, in just two years, Liang Wenhu has expanded Huanfang Quantitative to a scale of 3 billion yuan, and it will reach the trillion yuan mark two years later.
The key to Huanfang's rapid development was never the company itself, but Liang Wenhu as a person.
Without his personally initiated AI model, Huanfang couldn't have developed so quickly.
It mirrors Tianxing's previous situation. Enjoy the story by reading on M|V|LE%MPYR.
Without Liang Wenhu, Huanfang wouldn't be anything.
Without Lu Liang, Tianxing was the same, but now there's Tianxing Technology and Tianxing Automobile.
Liang Wenhu couldn't help but smile wryly: "Mr. Lu, but you've yet to provide a specific reason, have you?"
"I just feel you're capable, and my gut feelings are always precise."
Lu Liang smiled with squinting eyes, shifted the topic, and handed over half a roasted kidney: "Try it, it tastes quite good."
"Thank you." Liang Wenhu pressed his lips, asking no further because he needed time to consider carefully.
He has no doubt Lu Liang's capability to raise 10 billion dollars is present; it's just he doesn't want to work under someone else.
Although Lu Liang mentioned not interfering with daily operations, having someone above and having no one above are two different concepts.
The two finished their barbecue as dawn broke, and upstairs traders gradually headed to the living area for their meals.
Lu Liang didn't choose to go home but went to the therapy room with Liang Wenhu for a formal massage, then picked a room to rest.
Meanwhile, countless domestic professionals in related foreign trade woke up, instantly feeling as if the sky had collapsed.
The RMB fell by an unprecedented magnitude of 1.35% overnight.
If a company has a 1-million-dollar bill pending settlement, previously it would require paying 6.8112 million yuan, but now it requires 6.8918 million yuan, randomly losing over 80,000.
If account for the exchange rate difference before this, the loss amounts to over 160,000.
The loss calculation in the foreign trade sector differs from certain enterprises.
East Country's foreign trade companies are vast and are among those selected in the talent market.
'If you don't want to do it, there's always someone who will!' comes the belief, causing overseas companies to leverage pride, specially marking in contracts that payments are according to daily rates.
And they usually choose the period with the lowest rate to maximize their profits.
This is just the loss of a million US dollars. If it's ten million, then the loss equals over 1.6 million yuan. For a hundred million, it's over 16 million.
This further exacerbates the situation for trade companies already affected by tariff increases over the past few months.
An unprecedented wave of bankruptcies is gradually sweeping through the entire foreign trade sector.
On the 15th floor of Yongfeng Building in Xinpu District, Kunqian Trade.
Meng Changkun woke up and found that trade-related group chats on WeChat were filled with notifications over 99+.
Some had been up all night following market trends, while others had just awakened to the news and immediately joined the discussion.
Fortunately, WeChat's group review standards aren't strict, and luckily, Chinese culture is vast and profound, if keywords are blocked, homophones can be substituted.
Everyone in the group was complaining about society.
Reading these comments, Meng Changkun understood the causes and felt a sense of relief: "Luckily, Liangzi still acknowledges me as Mr. Kun and kept me informed beforehand..."
At the beginning of the year, when helping introduce the hospital, Lu Liang had mentioned that the winter of foreign trade was coming. He took heed, and decisively cut off 99% of the business.
Initially, when the RMB fell below 6.8, it seemed significant, but it turned out to be just the beginning. If this trend continues, a fall below 7 seems inevitable.
"Wasn't that girl named Tian Xi the day before yesterday?"
Old Meng scratched his chin; Lu Liang mostly doesn't need his assistance now, only his interests are left to explore.
Though Liangzi was once very firm, in reality, his heart is quite soft, always remembering their friendship.
If he approaches actively once more,
perhaps their relationship can be repaired.
Old Meng's eyes lit up suddenly, struck with an idea, allowing the phone to continue ringing.
From the morning, the phone calls borrowing money had been nonstop, as everyone knew about his good relationship with Lu Liang and how he received early warning, getting out of foreign trade timely while knowing he has plenty of funds.
Old Meng is known for valuing loyalty, but he doesn't lend to everyone.
He moved aside,
and dialed Wu Tianzheng from Hao Meng Film and Television.
Lu Liang and Tian Xi should have just met without deep interaction yet, and new love interests always receive better treatment.
Providing her little assistance in advance, letting her speak a good word later might yield a favorable effect.