"Real Equity Private Equity Fund?" Qian Wanli hesitated to repeat it, not knowing what new real estate private equity funds are.

As a metropolis in the central region, Shangcheng City is not as open as Eastern cities in the field of economic development.

"What we can usually get in touch with is funds, which are public offerings for equity or securities investments. This is a public offering fund; the real estate private equity fund I plan to establish is issued for special objects, with many conditions and restrictions. The funds raised are also used for real estate project investments. This way of fund operation is quite popular abroad, and in China, several companies have appeared in the past few years, and are not widely known yet," Chen Liluo explained, taking out a stack of documents from the desk drawer and handing them to Qian Wanli, saying, "This is my plan to establish the Dashang Real Estate Investment Fund. You can take a look first."

"..." Qian Wanli took the plan and sat back on the back of the sofa. After a long time, he said, "What is a limited partner, what is a general partner, what is a inferior fund, what is priority fund? You are a talented student in the Department of Economics. You are very good at playing concepts. I was dizzy and couldn't figure out what was going on for a long time?"

"I will explain it to you in a simple way," said Chen Li. "Xinchaorui Real Estate and Jinyuan International, as general partners, register and establish Youlizai Commercial Real Estate Investment Fund. To undertake the Zhongjing Haoting project, it requires a total of 250 million yuan. Then our two companies will first take out 10%, which is only 25 million yuan as the bottom-up capital. That is, once a risk loss occurs, the losses must be deducted from this part of the funds. If you make a profit, the other funds will first ensure the benefits within the share, and finally the funds will benefit - this is also the so-called inferior level. The other funds invested as capital injections of limited partners, priority benefits and priority escape. Of course, if the agreed benefits exceed the agreed benefits, the general partners will directly charge a certain proportion, which is also a 20% total profit share, as a return for the risk in the early stage..."

"It turns out that you can play like this," Qian Wanli realized in a daze. Unexpectedly, Chen Li planned this plan from beginning to end, and asked, "However, it is easy for Xinchaorui and Jinyuan International to pay 25 million yuan, and there are 22500 million yuan in fund shares left. Who do you plan to sell to, who will buy it again."

"We have been famous for selling Jinlan Flower Garden Phase II during this period. We invite the rich people in Qingquan again, and we should be able to squeeze out some of the funds," Chen Li said. "Of course, it is not easy to ask these rich people to bite the hook. Not only the second phase of Jinlan, but also the shop prices in Guanlan Commercial Street. I plan to raise the price directly in the second half of the month. Moreover, the intermediary stores under Xinchaorui Real Estate will first ensure that the real estate investment capacity invested by the rich people in Qingquan will have the opportunity to take it out in advance to ensure that they can see real investment profits."

Qian Wanli nodded, Guanlan Commercial Street and Jinlan Phase II raised the price, which would suppress sales performance. However, if the local rich man in Qingquan continued to donate generously, he had to place a bait. This bait was the real estate and shops they invested in Jinlan Phase I and Guanlan Commercial Street in the early stage, and directly obtained considerable investment profits in a short period of time, so that they could cause a stronger and intuitive impact in the Qingquan coal circle in a short period of time.

In addition to the approval of provincial and municipal authorities, the registration of Dashang Real Estate Investment Fund is more important to lobby for the participation of funds from all parties. Due to the restrictions of private equity funds, the subscription chips start from one million.

Not to mention Shangdu City, even in Zhongyuan Province, there are very limited people who can decide to invest millions at a time. Qingquan's coal circle is a very special group. Chen Li has a deep relationship with Qingquan's coal circle because of his grandfather and his two uncles. At the same time, Zhou Bin's father Zhou Dahai is a very important role in Qingquan's coal circle.

Of course, Chen Li still hopes that Qian Wanli will personally take charge of the operation of the Shang Real Estate Investment Fund. After all, Qian Wanli has established the image of a big shot in the Qingquan coal circle. He Wan, Liu Tongjiang, Zhou Dahai, Miao Jing and others can only cooperate with him in specific matters.

"Of course, we should first successfully acquire 50% of Jinrong Real Estate's equity from Zhou Zhengrong, so the plan to establish the Dashang Real Estate Investment Fund is only the three of us who know that they cannot leak it until the procedures with Zhou Zhengrong are completed." Chen Li took the plan from Qian Wanli and locked it in the drawer.

"You, you, I really admire you. Zhou Zhengrong, the old fox, probably never dreamed that you would be him in your dream. I said, when did you want to plot against me? Tell me in advance, I will surrender voluntarily, and you will let me die clearly..." Qian Wanli smiled bitterly.

"It's not a scheming," Chen Li spread his hands and smiled, "We are different from Zhou Zhengrong and do not work together. I think he has been in trouble and pain for a while. I just gave him a reason to cut the mess."

"That's not bad." Qian Wanli knew the best about what Zhou Zhengrong was thinking. He thought that Chen Li didn't have much contact with Zhou Zhengrong and would not care too much about Zhou Zhengrong's mentality. Unexpectedly, he underestimated Chen Li.

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Zhou Zhengrong was a little afraid of seeing Chen Li, so the equity acquisition was brought by He Wan and Liu Tongjiang, and the negotiations went smoothly.

At the same time, Zhou Zhengrong only asked that funds and personnel be withdrawn from Jinrong Real Estate. Previously, 50% of the equity and 30% of the income rights were taken over by Xinchaorui Real Estate at a price of 50 million. The terms of the agreement were quite simple, without any complicated or entangled - and in the later stage, the entire project was operated by Xinchaorui Real Estate, and no third-party due diligence was required to conduct third-party due diligence on all aspects of the project.

Xinchaorui does not have enough funds yet, so he borrowed an additional 20 million yuan from Jinyuan to respond to the emergency.

Next, Chen Li arranged for the price increase of Jinlan Garden.

In addition to the earliest lake view houses to be tested in the Jinlan Phase II, the first batch of commercial households opened at 2,500.

Compared with Hubin Jiayuan in Huxi, the supporting facilities and community environment of Jinlan Phase II are even better than that, with a price of 2,500, which is much lower than Hubin Jiayuan. Sales have been smooth in opening July and August, and have previously recovered a large amount of funds for Jinyuan and Xinchaorui Real Estate.

By mid-August, Chen Li raised the average price of ordinary apartment buildings in Jinlan Phase II to 2,800 and the average price of lake view houses to 3,600. Because there was a traditional view on the east and west sides of Yanming Lake, sales were immediately suppressed. At this time, Chen Li raised the benchmark average price of the remaining shops in Guanlan Commercial Street to 12,000 per square meter.

The purpose of this is that Chen Li believes that the value of the shops in Jinlan and Guanlan Commercial Street has increased, and the price must be raised to ensure sufficient profit margin. Second, it is necessary to create the impression that Jinlan Garden and Guanlan Commercial Street continue to increase in value in the mind of Qingquan's coal circle. Third, the price of Jinyuan Phase II has increased. Previously, Zhou Dahai and others invested in the first phase and some shops can be resold through intermediary stores at a relatively considerable price and settled the profit.

Xinchaorui Real Estate finally won Zhongjing Haoting with a price of 20 million yuan, which was considered a shopping city. The two-level governments at Jinshui District completely unloaded the burden. However, before the preliminary preparation work was completed, Chen Li would not throw out the entire plan. Luo Rongmin didn't care. However, as the secretary of the Jinshui District Party Committee of Jinshui District, who promoted the auction of Zhongjing Haoting, was a little urgent. He contacted Qian Wanli many times to ask what was going on and what needed Jinshui District's cooperation.

Ge Minghui was worried that Xinchaorui Real Estate would only issue a blank check, and ultimately he was unable to solve the problem of Zhongjing Haoting, and eventually the mess was hit on Jinshui District.

Chen Li was waiting for Ge Minghui to hold back before he asked Ge Minghui to force Chen Hongchang to bow his head and not create any obstacles for them in the forced demolition of Jiangxiu Street.

After two months of blocking Jiangxiu Street with reinforced concrete walls, all the previous merchants evacuated and turned into two ruins of reinforced concrete walls. The villagers of Gaopu Village who were illegally built lost the confidence and qualifications to negotiate. At this time, Jinrong Company made appropriate concessions, and Niu Kun and other natives also played some roles. At the end of August, Jiangxiu Street was demolished with the dormitory building of the Guomang Factory and Gaopu Village on the north side of Xueyuan Road.

At the same time, Chen Li also agreed with Ge Minghui to postpone the Zhongjing Haoting debt consultation meeting until mid-to-late September, and then Xinchaorui Real Estate will give a satisfactory reply to the owners who have purchased a house in Zhongjing Haoting and the debtors of Dashang Real Estate.

It was not until late August that Jinyuan International and Xinchaorui Real Estate passed the approval of provincial and municipal departments, and officially invested 25 million yuan to register and establish Dashang Real Estate Investment Fund, with Qian Wanli as chairman, He Wan as president, and Liu Tongjiang as part-time vice president.

After that, the news was officially released within the company. Miao Jing and Gao Can were responsible for forming a new team, led by Liu Tongjiang, and cooperated with Qian Wanli and He Wan to complete the compilation of relevant fundraising documents, event planning and other work.

On September 6, on the first day of the new school year of Zhongyuan University, a convoy led by two Mercedes-Benz and five Toyota Coasters drove into the Shangcheng City, walked around Yanming Lake University Town, and finally drove into Zhongda Guanlan Entrepreneurship Park, and parked in front of the headquarters building of Xinchaorui Real Estate and Xinchaorui Commercial.
Chapter completed!