Chapter 536 – Superman Li’s guess
That night, Feng Yu really went to the movies. But Fu Mengying went out with her friend. As for whether if her friend was a man or girl……
At about 7 plus in the evenings, Li Zekai returned home after dinner with his friends. When he reached home, Superman Li was sitting in the living room with his eldest son, Li Zeju. They were chatting and asked Li Zekai to join them as he entered the room,.
“Dad, Brother.” Li Zekai was puzzled. At this hour, both of them should be in the study. Even if they were in the living room, they should be watching TV. Were they waiting for him?
“Zekai, have a seat. The satellite TV station is sold. How is your Pacific Century Group doing?” Superman Li asked.
“It’s doing fine. I am looking for investors to raise funds. If I can’t raise enough funds, I might get a bank loan.” Loans were Li Zekai’s last resort. Once he took a loan, it would be hard for him to get the company listed.
If his company was not listed, then he will not have enough funds to develop and will not reach the scale he wants. He would not be able to prove to his father that he was right!
“Looking for investors? Who did you look for?” Superman Li asked curiously.
“Fu Guangzheng of the Fu Family and a big boss from China.”
“Dad, Fu Guangzheng is the second son of Fu Rongjing. He is the one managing the Fu Family’s assets in China. He had been doing quite well in recent years.” Li Zeju explained to his father.
Superman Li knew all the older Hong Kong Tycoons. Even if he was not close with them, but he had heard of their names. However, Superman Li does not know the younger generations nor remember their names!
“Oh… it’s that kid. Not bad. Zekai, you are friends with him?” Superman Li nodded. He knew who Fu Guangzheng was after Li Zeju’s explanation.
It was not a secret that the Fu Family had invested a significant amount in China. Many Hong Kong businessmen also had an investment in China. But the Fu Family was the only one who had invested the most and was the most successful.
Fu Rongqi dares to let a young man manage the Fu Family’s assets in China, and that young man was still not the eldest son of their family. Superman Li really respect Fu Rongqi for making such decision.
The Fu Family was indeed one of the influential Hong Kong families. They have unique ways of grooming their next generation. This might also be the reason why the 4 brothers of the Fu Family were all having their own successful careers.
“I am friends with Fu Guangzheng for some years. But there is one thing Brother said wrongly. All the businesses in the Mainland belong to Fu Guangzheng. He is not taking care of the Fu Family’s business!” Li Zekai looked at his elder brother.
Look at the Fu Family. They had given Fu Guangzheng a sum of start-up capital and whatever he earns belongs to him. Me? The family had provided 400 million USD to invest in the satellite TV, and I sold it for 950 million USD. The returns were 1.5 times. This still does not prove my abilities?
What happened in the end? This was considered your investments and the share I am getting was so little. If this was not the case, would I still need to look for investors for my own company? I had not set up this company for fun. I had thought about it seriously and did careful planning. Why can’t all of you trust me?
Even if the satellite TV station was an investment, why can’t I have slightly more returns? All I needed was 100 million USD, and my company would have sufficient funds. It’s only 100 million USD. The family could easily afford it.
“Zekai, who is the Chinese boss you are talking about?” Superman Li continued to ask.
“The Chinese boss calls Feng Yu. He is a young man about 20 years’ old. He is Fu Guangzheng’s partner in China. His estimated wealth was at least 3 times of Fu Guangzheng, which is about 3 billion HKD. This figure is only a conservative estimate. The actual value should be more than this.”
Li Zekai wants to tell his father that his friends were all competent! Also, he made these friends on his own, without the help of his father.
“It’s him?” Superman Li was slightly worked up.
“Dad, you have heard of him?” Li Zekai was surprised. His father had heard of Feng Yu?
“Not only I had heard of his name. I shall tell you something, and you will know his status in China. Mr. Deng and Iron-fist Zhu had asked to meet him personally.”
“Who? Mr. Deng and Iron-fist Zhu?” Le Zekai was shocked. Mr. Deng was not someone you can meet. In the eyes of the Hong Kongers, Mr. Deng had more authority than the Queen of England. He was the real leader of China. Why did he ask to meet Feng Yu?
Li Zekai felt it was shocking enough for Iron-Fist Zhu to meet Feng Yu. Only the ones who were his father’s equivalent could meet with the Queen of England. Feng Yu was only 20 years’ old and how did he do that?
Superman Li had been in contact with the Chinese government, and he was very supportive of Hong Kong’s return to China. If Le Zakai’s father said this, then It must be real.
“This is why this Feng Yu is not simple. Have you checked his background?” Superman Li asked.
“I had chatted with Fu Guangzheng. Guangzheng said that Feng Yu build up his business all by himself. His starting capital was only tens of thousands of RMB. He started his career by trading some Government bonds. Then he starts to do trades with the Soviet Union. But it was during the Gulf War Feng Yu made his fortune by shorting oil with high leverage!” Li Zekai explained.
“He shorts oil during the Gulf War?!” Superman Li had a disbelieving look on his face. During the war, oil prices were falling like crazy. Why did Feng Yu make such decisions?
“Fu Guangzheng swore he was telling the truth. I heard that even the Fu Family’s head, Fu Rongjing was in awe with Feng Yu when it comes to financial investments. He had even invited Feng Yu for meals. Feng Yu had told Fu Guangzheng about his forecast on the financial market several times, and he was spot on every time. I heard that Feng Yu also had strong connections in the former Soviet Union and he is still doing trades with Russia.”
Superman Li nodded: “You said that Feng Yu’s assets are about 3 billion HKD?”
“I did not ask Fu Guangzheng about this. But Fu Guangzheng said that Feng Yu’s shares of the investments back in China was several times more than him. I estimate it to be at least 3 times.”
Superman Li shook his head: “I think it should be more than that. Do all of you still remember about 2 years ago, there was a rumor which no one believes? Fu Rongqi had stood in front of the Peninsula Hotel to receive a young man.”
Li Zekai stared at his father: “You are saying that Feng Yu was the one Fu Rongqi received?”
Who was Fu Rongqi? He was the head of the Fu Family. One of the top 10 Hong Kong Tycoons. In terms of the overall family’s influences, the Fu Family might be stronger than the Li Family! Fu Rongqi had stood at the entrance to receive Feng Yu?!
“I think the rumor is true. Fu Rongqi had listed a few of his companies these few years and his total assets are more than 15 Billion HKD. Even if it were 2 years ago, his assets would still be at least 7 to 8 billion HKD. How many assets do you think Feng Yu had to let Fu Rongqi stand at the entrance to receive him?”
Fu Rongqi had gone to receive Feng Yu personally two years ago was also to apologize to him. At that time, Feng Yu’s assets could not be compared to him. But now, Feng Yu had exceeded Fu Rongqi, but no one knows about it.
Li Zekai and Li Zeju looked at each other, and both could not accept what they heard. A 20 years’ old man, from a backward place, could achieve this? Based on what their father said, the worth of Feng Yu’s assets should be at least more than 6 billion HKD. It might even be more!
Superman Li patted Li Zekai’s back: “If you are able to persuade them to invest in your company, I will also help out with the amount you are lacking!”