It's normal to develop some black technology in the future, right?

Chapter 368 It’s Silicon Valley’s Turn to Copy and Paste
"It's probably only about 10 billion, a little short of 10 billion. The unit is RMB, which is only 2 million in US dollars."

Compared with the US dollar, the RMB has been in a state of continuous appreciation over the past five years.

To be precise, all major currencies have appreciated against the U.S. dollar, but the RMB's upward momentum is particularly strong, so strong that if industrial upgrading had not been very effective, the negative impact of the RMB appreciation on the foreign trade industry would have dragged down the entire Chinese economy.

"The main reason is that I paid a huge price to transfer the money to Singapore, and I still lost a lot in Singapore over the years."

For the wealthy, especially the Chinese, Singapore’s financial regulations are not friendly to them.

Lion City is not as low-tax, loose-regulation and high-freedom as the self-media claims.

Starting from 23 years later, Lion City’s financial supervision has become increasingly strict.

Rich people like Lin Qinghua, who established a family office in Singapore very early on, have a deep understanding of this.

In the past, family offices were just a nameplate, and most of the funds were actually lying on the books of Singapore banks, earning interest, and private banks in Singapore were responsible for asset allocation. Family offices are more of a cover in name, and in reality, they just put assets in large banks in Singapore.

However, since the end of 23, Singapore has begun to clean up family offices, requiring that at least 10% of the assets managed by family offices, or 1000 million Lion Dollars, equivalent to 5000 million RMB, be invested in local projects.

Why a family office? This is because in the past it was very simple to transfer money into Singapore through family offices. The most basic method was to set up a family office with no actual operations to purchase fake, non-existent services, and use multiple shell companies to transfer money in and out. The money would go around overseas and then return to Singapore; or set up multiple third-party accounts, divide large sums into small sums, with each sum being lower than the prescribed reporting amount, and transfer money frequently and quickly, transferring the money layer by layer and dispersing it to different channels, making it more difficult to trace the source of funds.

Why is the art auction industry so popular in Hong Kong? Because art auction is a very good way.

The total annual art auction volume in Hong Kong is second only to New York and London, and is even on par with London.

But no matter which method is used, there is a cost for sending funds overseas. Art film auctions require costs, digital currencies require costs, and even small-scale scattered remittances require costs.

In Singapore, with stricter regulations, you can’t just put your money in the bank and earn fixed interest, you have to manage it.

Very few of these wealthy Chinese have the energy and ability to manage their money well in Lion City.

Obviously, Lin Qinghua did not have the ability to do so. He estimated that he had lost at least 18% of the money he remitted, and that was because he operated early. If he had remitted the money after 50, the cost would have increased by at least 23%. If he had remitted the money after 100, the cost would have increased by %.

Because 23 years later, Lion City Bank began to conduct detailed reviews of all wealthy people's accounts and capital flows, including family offices, trust funds, stocks, securities, digital currencies, corporate accounts, personal accounts, etc. All relevant interests must be penetrated to the final beneficiary.

The subjects of random inspection need to provide detailed descriptions of all transaction flows and each payment.

The wealthy transferred money from their own accounts in Hong Kong to Singapore and then transferred it to England. The bank immediately called them to inquire.

"Oh, I just don't understand. Didn't Hong Kong issue the "Declaration on the Development of Family Office Business in Hong Kong" in 23 years? At that time, I asked you to transfer the money back to Hong Kong." Lin Jia felt helpless after listening. 10 billion RMB is not a small number.

What these wealthy people are worried about is that the unrest in Lion City will lead to the depreciation of the Lion dollar, and their assets in Hong Kong will also depreciate.

The most typical example is the collapse of the ruble in 22 years.

“Alas, at that time, I was still thinking about diversifying my assets.

Your brother's idea is to use the money to set up a venture capital company in Silicon Valley." Lin Qinghua said in a low voice, observing Lin Jia's expression.

Lin Jia's face suddenly changed, because she returned to Hangzhou this time just for this matter.

Because she recently learned that her half-brother was doing some venture capital brokerage business in Silicon Valley under her name.

"Humph, do you know what good things your good son has done recently?" Lin Jia's expression suddenly became cold, and then she looked at her stunned father's gray hair and couldn't help but soften her heart. She sighed:
"Alas, he recently helped some venture capital institutions invest in some commercial aerospace companies in Silicon Valley under my name."

The past fifteen years have seen a surge in commercial space investment. In 2012, the total amount of commercial space investment in the United States was a paltry $3 million. By 2022, this figure soared to more than $100 billion, and by 2026 this figure is rapidly approaching $ billion.

The existence of LightMe Aerospace and SpaceX has stimulated the influx of funds into the commercial aerospace field. Everyone is committed to discovering the next Nvidia and is willing to grow together with great companies.

In the past, when you were short of money, no matter who your investor was, as long as you paid money, you could get the corresponding shares.

Aside from not being able to take Chinese capital, Silicon Valley's commercial aerospace agencies have no taboos.

But now that there is more money in the market, this has caused Silicon Valley's commercial aerospace agencies to become picky, especially those with obvious commercial prospects. They are even more picky and look down on many venture capital institutions founded in the name of individuals. They hope to gain the favor of Silicon Valley capital or venture capitalists with a NASA work background.

In this context, as the White House allowed Guangjia Aerospace to enter the American market, Lin Jia's half-brother Lin Kai began to do some venture capital brokerage business.

Under the name of Lin Jia, we cooperated with Silicon Valley venture capital. When Silicon Valley venture capital was negotiating investment with these commercial aerospace organizations, they said that our partner was related to Guang Jia Aerospace and could help to bring about cooperation between you and Guang Jia Aerospace.

If Lin Kai's identity was just the son of a Chinese real estate developer, it would obviously not be attractive to American Capital. The era of real estate boom has passed, and his identity as Wright's brother-in-law obviously makes him invincible in commercial aerospace venture capital.

What's more, Lin Kai often boasted that he could act as a go-between and help them negotiate cooperation with Guangjia Aerospace.

比如专门做3D打印技术生产火箭的Relatively Space，他们早在21年就融到了6.5亿美元，在今年上半年的时候打算以100亿美元的估值再融10亿美元。

During this process, Lin Kai's matchmaking helped LuxCaptial, which originally had no chance, obtain investment.

Lin Kai earned commissions from this, but what he overdrew was Lin Jia's reputation.

Lin Qinghua also sighed repeatedly after listening to this.

Lin Kai thought that since he was doing this kind of business in Silicon Valley, Lin Jia wouldn't know about it, after all, Lin Jia couldn't go to America.

But obviously, he underestimated the breadth of Lin Jia's information sources. Lin Jia knew about his first business venture.

On the way back to Hangzhou, Lin Jia felt that his anger was almost full. Even if it had subsided now, it was because he was in front of Lin Qinghua.

"Let's be fair and put his identity aside. This is a subjective commercial fraud.

It is possible that what he told the Silicon Valley venture capital firm was true, that I am Lin Jia’s biological brother, and then he gave the other party a hint, and then the Silicon Valley venture capital firm further amplified this hint during the negotiation process with the commercial aerospace agency.

It seems that by accepting the investment, he can match the other party with Guangjia Aerospace and act as a matchmaker. Whether he gave this information directly or let the other party read this information through hints, this is commercial fraud.

Do you take care of it or do I? If I take care of it, I will send him to jail for commercial fraud?
His actions fully meet the criteria for commercial fraud conviction, as he fabricated facts and concealed the truth to cause others to make wrong judgments and ultimately obtain improper benefits.

As far as I know, he received $3000 in compensation for one business, far exceeding the RMB required for conviction.”

Lin Jia felt his blood pressure soaring, and Lin Qinghua quickly said, “I’ll take care of it, I’ll take care of it.

I'll tell him to stop doing that."

Lin Jia held his forehead with his hand and said, “Sometimes we have to teach a lesson.

I didn't know that he thought he and the venture capital were operating in Silicon Valley, but in fact, as soon as the venture capital completed the investment, the head of their Yanjing office contacted me and sold him.

The society is dangerous, how dare he get involved with American Capital with his IQ and self-righteousness?" Lin Jia said sarcastically, "This time, he is supposed to transfer the money from Singapore to Silicon Valley to set up a venture capital institution, and then he will be the one to run it, right?"

Lin Qinghua murmured, “He did mention that he has a lot of connections there and could consider investing in some good projects.

I thought it was because he had studied abroad in America before, and the friends he made there enabled him to obtain investment opportunities. After all, there are indeed many opportunities in the commercial aerospace field, and everyone is paying attention to this field.

With competition from LightMe Aerospace and SpaceX, there will be a lot of investment opportunities for a long time to come.

After I mentioned it, the people from the Zhejiang Chamber of Commerce were willing to take part in it.”

Lin Jia was speechless: "Don't you know what those cunning people in the Chamber of Commerce are planning?
They thought you had some connections, and Guangjia Aerospace knew what good investment projects there were in Silicon Valley but it was inconvenient for them to go out on their own, so they wanted you to invest on my behalf.

Given Guangjia Aerospace's past success rate in investing in the upstream and downstream of China's commercial aerospace industry chain, what is the difference between investing in similar projects in Silicon Valley and picking up money?

They think they are just picking up money.

Isn't this also thinking of taking a ride on the Light Armor Spaceflight?

But the question is, have you ever thought about what the investment means? The supervision in Singapore is so strict, so is America not strict too?
How could America not know that you are my father? If the people in the Chamber of Commerce could think of this, could the regulators of America not think of this?
When the time comes, I will just find a pretext to confiscate your assets and you will behave yourself." Lin Jia felt that Lin Qinghua was naive enough.

Just because America looks good to him, he thinks he can go to America and invest in their high-end manufacturing industry.

Even if Jack Ma can go, Lin Qinghua will definitely not be able to eat this piece of cake.

Lin Jia went on to say: "Keep an eye on Lin Kai. If he does this business again, I can send him to jail.

The money in Singapore should be transferred back to Hong Kong. With our current status, if we still want to go to America, isn't that like throwing meat buns at a dog, which will never come back?

Guangjia Aerospace has never even considered investing in European commercial aerospace companies. There are some good teams and good projects in Europe, but we never considered them.

We only consider the scope of China. Don’t we know that there are some good projects abroad that will definitely make money if we invest in them?

Even if the general trend is easing, light armor aerospace is still too dazzling. "

"The bottom line is that LightMe Aerospace is too dazzling, which has led to Silicon Valley venture capitalists wanting to dig out a second LightMe Aerospace or a second SpaceX.

Now in Silicon Valley's commercial aerospace agencies, Chinese PhDs in aerospace are becoming increasingly popular. Any team of Chinese PhDs with an impressive project record can easily get millions of dollars in investment in Silicon Valley.

The level of madness is almost the same as that of China's chip industry 18 years later.

Silicon Valley and Wall Street were both stimulated by the Earth-Moon Strait of Malacca that Guangjia Aerospace called out. "Xiao Wang and Lin Kai talked about it in Hangzhou.

The reason why Lin Kai had such an opportunity was because of Xiao Wang's introduction. After all, when he worked at Pusi Capital, he knew many American colleagues.

Although Lin Kai works in his own company and is provided with a garage and a car by Lin Qinghua, he is still earning a fixed salary and hangs out with a bunch of rich second-generations like Xiao Wang, so it is obvious that he is not well off.

It was easy for him to be impressed by this kind of business that could bring in a lot of dollars by acting as a broker.

"The problem is that we don't have the ability to distinguish. I don't dare to go to America. If I go there and get caught, my sister will definitely not save me. She would rather I be locked up there forever." Lin Kai said, "If we don't go, how can we judge whether Silicon Valley's commercial aerospace agencies have prospects?"

“Of course it’s the professionals over there who are responsible for making the judgment.

Do you know what we need to do now?

You still don't understand.

What we need to do now is to find companies in America that are comparable to those in China. Guangjia Aerospace has invested in more than 300 companies in China, many of which have already been listed.

In the past, America's commercial space travel has relied on large rockets and reusable technology. Guangjia Aerospace told them that there is another way to go, which is to add transfer stations between the Earth and the Moon, turning point-to-point travel into point-to-point and then to point-to-point travel.

This reduces the requirements on the rocket's carrying capacity.

The technical route of Light Armor Aerospace has been successfully implemented, and even from a competitive perspective, America will follow this technical route in the future.

Then we just need to find the corresponding companies in Silicon Valley to invest in, which will ensure profits.

Just like in the past Internet era, all companies in Silicon Valley had references in China. In the current commercial space era, all companies in China have references in Silicon Valley.

What we need to do is to find a reference, and then rely on the information gap from your sister to invest in valuable references.

Within Guangjia Aerospace, there must be importance ratings for these investment targets and internal technical evaluation data. All you need to do is get your hands on this information.

Being a broker won’t earn you as much as investing on your own.”

(End of this chapter)