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Chapter 76 Lin's Fund III

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Hongqi Mingshi is a new model that has been fully upgraded with 17 technologies and configurations based on the old Mingshi business version. The appearance is brighter, the details are more refined, and it is more modern; the interior still maintains the spacious and comfortable feel of Hongqi. Features: This car was just launched this year, with a price of about 150,000 yuan. Lin Jinhong took a look at the Hongqi car in front of him, which imitated the 1992 Audi 100 model. He was generally quite satisfied with it. It was just for transportation anyway, as long as it was not too ostentatious. .

"How are you, are you satisfied with this car? Your grandpa helped you choose this car," Sun Xiaomei, the mother who followed behind, crossed her hands on her chest and asked with a smile, "Although it's a bit crude, the meaning is pretty good. The red flag car is the vehicle of the country’s leaders,”

Lin Jinhong shrugged his shoulders and spread his hands, "It's much better than two wheels."

"Then just make do with it. When you don't want it anymore, just throw it away. It's not worth much anyway,"

Lin Jinhong jumped suddenly, turned around and said in disbelief: "Mom, if I remember correctly, this car costs at least 130,000 yuan, which is not worth much. Oh my God, I am now I'm very curious whether the Lin family has struck a gold mine and looks like a nouveau riche."

Sun Xiaomei rolled her eyes at her son, "There is no gold mine, and it doesn't look like a nouveau riche. But who just said that he would drive a Ferrari and drag a BMW on the street. Curiosity killed the cat. It's really good. Okay. , it’s time to tell you about the Lin family’s situation, come with me,” he said, turning to leave the parking lot, Lin Jinhong followed his mother silently, and the two of them came to the swimming pool one after another, each sitting on a chair Sit down.

"Son, do you know about Lin's Fund?" Sun Xiaomei asked after thinking for a moment.

"Is there such a fund?" Lin Jinhong frowned and filtered through the things in his mind. It seemed that he couldn't find any information about Lin's fund. "I don't have any impression. I know a little about famous domestic funds."

Sun Xiaomei reminded a little: "The Lin Fund is headquartered in Washington, USA."

Lin Jinhong opened his mouth wide and said after a long time: "The Lin Fund is known as another famous large-scale hedge fund after Soros Quantum Fund."

Soros's Quantum Fund was jointly established with Rogers in 1970. In its 31 and a half years of history, the fund's average return rate has been as high as more than 30%. Since 1998, investment mistakes have caused Quantum Fund to suffer heavy losses. First, Soros's investment in 1998 The Russian debt crisis and misjudgment of the Japanese yen exchange rate trend caused the Quantum Fund to suffer heavy losses. After that, Internet stocks invested in the U.S. stock market also fell sharply. So far, the total losses of Soros's Quantum Fund have reached nearly 5 billion U.S. dollars, and the Quantum Fund is very strong. Injured, on April 28, 2000, Soros had to announce the closure of his Quantum Fund.

The Lin Fund was established in 1973, only three years later than Soros' Quantum Fund. Moreover, during the development of the Lin Fund for more than 20 years, her average return rate was as high as more than 24%. After its closure, Lin's Fund became a standout with its high rate of return. The total assets of Lin's Fund were close to those of Quantum Fund before its closure, but its influence was obviously not as good as Quantum Fund's. It could even be said to be somewhat low-key, if not for The Quantum Fund has been closed, and not many people will focus on the Lin Fund.

Lin Jinhong thought about what he knew about the Lin Fund, and then looked at his mother, "What does the Lin Fund have to do with our Lin family? I heard that the chairman of the Lin Fund is a Chinese American and is less than five years old." Ten years old,"

Sun Xiaomei smiled slightly, "Do you know who your grandfather is?"

Lin Jinhong felt that his brain was not full, or that his mother asked too much questions. To be honest, Lin Jinhong knew that his grandfather was the top retired cadre of the County Finance Bureau. He really didn't know much about the rest, but he knew that his mother would definitely ask this question. What does it have to do with Lin's Fund? He answered honestly: "Isn't he the director of the County Finance Bureau?"

"Before I became the director of the Finance Bureau, I couldn't have been the director of the Finance Bureau all my life, right?" Sun Xiaomei felt more and more that her son was having fun at this time, so she couldn't help but ask again. She didn't expect her son to answer this time, so she He explained to himself: "It's good that your grandfather was the director of the Finance Bureau, but he only served as the director of the Finance Bureau for six years. In addition, he served as the assistant to the county magistrate for two years and the deputy director of the Finance Bureau for three years. In other words, he had a total of official career I’ve only been around for eleven years,”

"Let me tell you this, your grandfather was a businessman before he entered the officialdom, and he was the kind of businessman who was very successful from scratch. He left home at the age of eighteen and went out on his own. He visited many provinces. Before he was thirty, He accumulated enough experience and capital and established a company. At the age of thirty-three, his company was blocked in the mainland and later moved to Hong Kong. At the age of thirty-five, the total assets of the Lin Group he founded exceeded RMB 100 million. The following year, he transferred Lin Group to The headquarters of the Lin Group moved to Washington, the United States. Later, when you were born, he established the Lin Foundation in Washington. When you were six years old, he handed over the Lin Foundation to his adopted son to manage, and he has been controlling the United States from home. The Lam Foundation and the Lam Group in Hong Kong, he became the assistant to the county magistrate when he was forty-nine years old. You will know what happened after that, I won’t say more,”

Sun Xiaomei glanced at her son, "Why, are you dumbfounded? Do you find it hard to believe that an old man from a mountain village holding a cattail leaf fan and wearing a Chinese tunic suit would have such a legendary experience? Don't say you don't believe it, just I don’t believe what people say. Not many people in Xinkang County know who your grandpa is. But as long as your grandpa stands up and waves, the media in Hunan Province will go crazy. Your grandpa has seen it. The man who has served as the number one leader for two generations,”

Lin Jinhong's blood hadn't calmed down yet. The sudden news, or rather the happiness, made his blood boil inexplicably. "So, the reason why I have reached this point is because of grandpa's operation behind the scenes," he said His voice was still trembling, and no matter how calm he was, he couldn't calm down quickly in the face of shocking news, especially news that related to his future.
Chapter completed!
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