49: Private equity license in hand, first deal!

While Wang Lin was enjoying a dual relaxation of body and mind in the suburbs, his wealth was also skyrocketing day by day.

Those miserable Stock Investors who stared at the market all day not only had to endure the agony of watching the market, but also the main force's frantic Shakeout.

It was fine if prices went up, but if they fell, they had to endure the financial losses caused by the stock decline—a double psychological blow!

It wasn't until past 7 o'clock in the evening that Wang Lin returned home.

Calling it a home was a stretch; it was actually just a rented apartment, the kind where you could move in with just a suitcase.

Nowadays, Wang Lin had to spend every cent where it counted most.

Want to buy a house? Once he had over a hundred million, he could buy whatever he wanted.

Want to buy a car? Once he hit the hundred million mark, he could also get exactly what he wanted in one go.

Or rather, in the future, cars could be registered under the company.

But that wasn't what Wang Lin needed to do right now.

His primary goal currently was to grow his capital to over a hundred million!

A Hot Money trader with a capital volume exceeding a hundred million was fundamentally different from one who hadn't reached that mark!

This also served as a prerequisite for Wang Lin's future Public Fund.

Without reaching a hundred million, the Public Fund business could not even be opened.

While chatting by the creek today, Li Yuanyuan received a phone call midway and finally brought Wang Lin some good news.

The Private Equity Fund license he had applied for had finally come through.

In truth, Wang Lin was quite shocked.

One had to know that although the requirements for this license had been relaxed a lot recently, it was still not that easy to apply for.

While he was thinking about it, Department Head Mian called: "Wang Lin, are you busy right now? I heard you received the Private Equity Fund license?"

Wang Lin understood immediately; had the school exerted their influence to make this happen?

Why would they do that? Could it be...

Wang Lin laughed and said: "I was just wondering today what kind of stroke of luck I had to get it so quickly. So it was Director Mian who put in the effort!!"

Finance Department Head Mian Zhong shook his head with a smile and said: "You kid, you really catch on fast. But it wasn't me; it was our school. You have the ability, and we are willing to give you a push!"

"If you have time tomorrow, you can come to the school. The principal wants to see you, and by the way, offer you a deal, or rather, a mission!"

Hearing this, Wang Lin understood what was going on.

They had taken a liking to his stock trading ability!

However, being recognized by his alma mater made Wang Lin very happy.

One had to know that although their Finance University couldn't compare to the Finance University in the Magic City, it was still a very strong university within the province.

The influence of the school leadership was definitely not to be underestimated.

By taking this deal, he could consider himself to have his first backer.

Wang Lin nodded and said: "Thank you to the school leadership for your trust. I will definitely come tomorrow!"

Before going to sleep, Wang Lin finally remembered that he was still fully invested with margin in the stock market.

Today was already the third consecutive limit-up.

Wang Lin's current capital volume had reached a terrifying 95.19 million. If it rose for another day tomorrow, combined with the margin, it would break through a hundred million.

It was a pity that it wasn't his actual capital that broke a hundred million, but it was still enough to be proud of!

After all, being able to trade with over a hundred million in capital meant his influence was calculated in the hundreds of millions!

The next day at 10 AM, Wang Lin returned to the school once more.

Inside the administrative building, Wang Lin sat in the reception room for the first time in the capacity of a client.

Department Head Mian Zhong personally poured Wang Lin a cup of tea: "I thought you would wait until after 11:30 to come over. After all, the market is open now, and your stock is fully invested with margin, aiming for a 4th consecutive limit-up. In such a situation, can you really rest easy without watching the market yourself?"

Wang Lin took the cup of tea, blew on it gently, and laughed: "If I didn't have confidence in myself, how would I dare to go all-in with margin? Watching or not watching is the same; today's attempt at the 4th limit-up will definitely succeed!"

Looking at such a confident Wang Lin, Mian Zhong sighed inwardly. Truly, heroes have appeared from among the youth since ancient times; only young people could be so spirited.

However, Wang Lin had the capability to back up his spirit. Who could have imagined that a few months ago, he was still working part-time jobs at school, with a monthly salary that could only support his survival?

Now, in less than half a year, his capital volume had probably reached about 50 million, right?

Thinking of 50 million, Mian Zhong felt a wave of dizziness. 50 million—that was probably more than one could spend in a lifetime.

As they were speaking, the principal pushed the door open and entered.

He signaled Mian Zhong to lock the door, then looked at Wang Lin with a smile: "Not bad, after all these years, our school has finally produced a financial genius! In less than half a year, you are holding over a hundred million in LeTV chips. Impressive!"

Wang Lin quickly stood up: "It was just good luck. I came here today specifically to thank the principal for your help, otherwise I wouldn't have obtained the Private Equity Fund license so quickly!"

The principal shook his head and signaled for Wang Lin to sit down.

"Helping you get the Private Equity Fund license is, firstly, a way to support an outstanding student of our school. We couldn't help others even if we wanted to!"

"Secondly, we actually have a little bit of our own selfish motives."

At this point, Wang Lin knew they were about to get to the point.

The principal said seriously: "Nowadays, many of our school's infrastructure facilities are facing problems of disrepair, but the school's financial situation is a big issue, so we were wondering if we could find some other ways to obtain funds."

Hearing the principal put it this way, Wang Lin was truly impressed by his boldness.

One had to know that the financial funds of a place like a school were usually provided by government fiscal appropriations from above, plus tuition income, donated funds, and so on.

As for wanting to obtain them from the stock market? That was a huge taboo!

The nature of a school, especially a public school, was public welfare—absolute public welfare!

Its core function was not to make money, but to provide educational capabilities!

The school's financial funds needed to be guaranteed to be ten thousand percent safe.

Extreme risk activities like stock trading were strictly prohibited.

So, Wang Lin really admired the principal for daring to say this.

The principal saw Wang Lin's expression and knew what he was thinking.

"It seems you also understand that school funds are strictly forbidden from incurring losses, but I have no other choice here. At the same time, I have some confidence in you, which is why I wanted to come to you."

"There are 300 million in funds here. I have a presumptuous request: can we sign a drawer agreement between both parties?"

Hearing this, Wang Lin finally understood; the other party had finally revealed their true intentions.

What is a drawer agreement? Simply put, it is a shady agreement used to evade regulation.

This kind of agreement is very common in the financial industry.

For example, in trusts, public contracts state that risks are borne by the investors, but if that were the case, who would come to buy your trust?

Therefore, one can only set up a drawer agreement to guarantee principal and returns, thereby attracting clients!

In bank loans, drawer agreements are set up to increase additional rebates, attracting enterprises to borrow money or make deposits.

There are also asset securitization, equity holding on behalf of others, and so on. These are all very common.

But now, Wang Lin had actually encountered such a drawer agreement within a school.

And it seemed that there was no benefit for him.

Wang Lin looked at the drawer agreement; the biggest requirement was that the 300 million in funds invested by the school needed to make a profit of at least 30% within one year!

Seeing this, Wang Lin couldn't help but laugh.

Only 30%? That's just 90 million. Does the school have confidence in us or not?!

If they had confidence, they wouldn't need to demand a 30% profit, nor would they need to set up a drawer agreement; it was a waste of talent.

If they lacked confidence, then what gave them the courage to hand over this 300 million in funds to him?

If they lost money, they would all lose their jobs.

Oh right, there was a drawer agreement.