Rebirth of the Strongest Tycoon

"Chairman, I have kept you waiting for a long time."

"Well, sit down!"

The next morning, Wang Qi came to Xia Yu's office.

Xia Yu was very satisfied when he saw Wang Qi's mental outlook and his natural temperament.

"Wang Qi, I called you here this time because there is an important task that I want to give you to do."

"It's not suitable to give it to others, and I'm not at ease."

Hearing Xia Yu's words, Wang Qi said solemnly: "Chairman, please arrange, I promise to go all out to implement it."

With a smile on his face, Xia Yu said lightly: "To do this well, you have to put in most of your energy. You can't control Jiuding Securities, let Yuan Tianfan continue to take over."

"Any comments?"

Wang Qi shook his head decisively: "I have no opinion, I will completely obey your arrangement."

Xia Yu nodded in satisfaction, then picked up a piece of material from his left hand and placed it in front of Wang Qi.

"Let's take a look first, this is what I want you to do."

With curiosity, Wang Qi picked up the materials, opened the cover, and saw the words "asset management", and he immediately understood.

He is no stranger to the field of asset management, because Jiuding Securities is doing it now.

Of course, the asset management is a subsidiary of Jiuding Securities Company, which is not large in scale.

On the contrary, Jiuding Bank's asset management department is even larger.

Jiuding Insurance also has an asset management department.

It's just that the asset management business of Jiuding Bank and Jiuding Insurance Company is different from that of Jiuding Securities Company. The first two companies manage their own assets without opening external business.

On the contrary, the asset management subsidiary of Jiuding Securities Company is entrusted asset management.

This entrusted asset management is different from the business nature of Jiuding Trust Company.

This time, since the chairman asked him to discuss this matter alone, it must be that the status quo is not satisfactory.

The truth will be clear after reading the material.

With a series of doubts, Wang Qi quickly read it.

This material is actually a surveyed report on the global asset management industry.

The asset management industry originated very early, as early as the eighteenth and nineteenth centuries.

For example, the parent company of Xiangjiang Baoyuan Investment Company, the British Schroders Group, is an asset management company established in 1804.

The reason why the general public is unfamiliar is because the asset management industry, from the very beginning, was not for the general public.

Unlike banks, securities companies, etc., they deal a lot with the general public.

However, the asset management industry has an extremely broad market and is also dominated by predators.

The four major domestic AMCs in later generations, Huarong, Great Wall, Dongfang and Xinda, are all giants.

But compared with foreign asset management giants, it pales in comparison.

For example, BlackRock Group, the largest asset management group in the world in later generations, manages assets as high as 7.3 trillion US dollars.

The second is the Vanguard Group of the United States, with assets under management as high as 6.1 trillion US dollars.

More than $3 trillion are also UBS, State Street Global Investment Management, and Fidelity Investments.

More than two trillion dollars are Allianz Asset Management Group, China Asset Management Group, Goldman Sachs Group, Bank of New York Mellon and Pacific Investment Management Group.

More than trillion dollar asset management giants.

The influence of any asset management group is amazing.

Because you can see these asset management giants in the top ten shareholders of any listed Fortune 500 companies in the world.

Therefore, the influence of these asset management giants is all over the world, and the resources that can be obtained are also bottomless.

Although it is said that the business of asset management companies is simply financial management on behalf of customers, the money comes from customers, individual investors or institutional investors, including national or local government pensions, foundations, donations, official institutions, financial institutions and businesses, etc.

But influence is not calculated in terms of ownership, but in terms of usage rights.

It doesn't matter who gives the power, the key depends on who is in the hands.

Because those who hold power are the ones who have more direct contact with all sectors of society.

Of course, these are all powerful giants in later generations.

According to the current investigation, BlackRock, the king of asset management, has not yet registered and has no shadow.

The Bank of New York Mellon did not appear, and now it is only the Bank of New York and the Mellon Financial Corporation, which have not yet merged together.

For example, Pacific Investment Management Group, Fidelity Investment Group, Pioneer Group, etc., have only been established for ten or twenty years. Although they are already large companies, they have not yet entered the top ten fields in the world.

In this era, the number of asset management companies is extremely large, and there are also many investment opportunities, which makes the phenomenon of mergers and acquisitions in which big fish eat small fish not much in the field of asset management.

Therefore, on a global scale, no asset management group has yet exceeded $100 billion in assets.

The amount of assets in the trillions or even six or seven trillion US dollars, in this era when money is still very valuable, is even more unreal, and no one dares to imagine it.

...

Time flies.

That's the work of two cups of tea.

Wang Qi read all the materials in his hand.

After he put down the materials, he said to Xia Yu, "Chairman, are you planning to re-establish an asset management company and let me manage it?"

Xia Yu smiled and nodded: "That's right."

"Is there any pressure?"

Wang Qi smiled bitterly and said frankly: "There must be pressure, but I have absolute confidence to build it up."

"I just don't have much confidence in trying to become a global asset management giant."

In the material just now, he saw information about asset management giants in the United States and Europe.

He has heard of these companies.

In Asia, especially the Southeast Asian generation, even if it is an island country, he is confident to build an asset management company, because the Jiuding Consortium has a huge influence in Asia.

As long as the asset management company is established, he will let him out, and countless money will be delivered to his door to be managed.

Another, as far as the asset management market is concerned, the intensity of competition in Asia is not as great as that in Europe and the United States.

But if you want to enter the European and American markets, it is extremely difficult, because the opponent has local advantages.

Huge funds such as pensions, school education funds, and government sovereign funds are not easily managed by foreign companies.

What's more, the financial markets in Europe and the United States are already super prosperous, and Wall Street in the United States is the core of global finance, where predators gather, no matter how confident Wang Qi is, he will not think that he can run rampant on Wall Street!

How is this competition?

Xia Yu heard Wang Qi's concerns.

"It's good to be stressed, but don't belittle yourself," he said with a smile.

"Actually, for investors in the financial industry, no relationship or factor can make real profits."

"As long as it can bring enough profits to investors and establish a reputation and brand, investors will lick their faces and send money to the door without looking for it."

If it weren't for this reason, later generations of giants such as BlackRock Group and Pioneer Group would not have grown so fast.

Investors are sending billions or even tens of billions of dollars to their door asking for management.

"Chairman, I understand that I will do my best."

Wang Qi took a deep breath and solemnly assured.

"Don't worry, have a cup of tea first and listen to my request."

"It's actually not as difficult as you think."

Xia Yu smiled, and after Wang Qi drank the tea, he continued talking.

"Although there are differences between asset management companies and securities companies, there is also a lot of overlap."

"It is not impossible to expand Jiuding Securities Co., Ltd. into an asset management company, but it is not necessary. The goal of Jiuding Securities Co., Ltd. is to be a world-class investment bank."

"The new asset management company's business includes asset management, investment management, enterprise management, and entrusted asset management. The income includes asset management fees that guarantee income during droughts and floods, and investment income sharing."

"Actually, for this company, my goal is not to make money, and the company's operating profit is not my pursuit, do you understand?"

Wang Qi was stunned for a moment, then frowned and thought.

After a while, he asked uncertainly: "What do you mean by drastically reducing asset management fees and share of investment income, so as to gather as much capital as possible into the company?"

"And then use this money to invest in the assets you fancy in advance, and take over when you want to acquire it?"

Xia Yu smiled and said with satisfaction: "It's good that you can think so far."

Hearing this, Wang Qi also showed a modest smile, and his heart settled down.

He guessed right.

This involves the general investment logic of the market.

for example.

If Xia Yu was going to buy Texas Instruments in three years.

If he asks Polaris Capital to come forward, then the current image of Billion Polaris Capital will be considered a hostile merger for the first time, and the acquisition cost will be extremely high.

Even normal acquisitions must have a high premium, and if the stock market moves a little bit, the share price of Texas Instruments will soar.

But if the asset management group comes forward, the nature will be different.

The image that the asset management group wants to build is the appreciation of global investment, which is a stable price investment. Even if it can do the same merger and acquisition business as Goldman Sachs Group, it will not change the essence of its price investment.

Therefore, it will be easy for the asset management group to go to the stock market to acquire the shares of Texas Instruments Group, but the original shareholders will welcome it, because a super heavyweight shareholder has been introduced as the ballast stone of the stock price.

Even the acquisition of the original shareholder's equity will not cause huge waves and the vigilance of the original controller.

In this case, the difficulty and cost of acquisition will be much lower.

But price investment, in the final analysis, is still for profit. If there is a certain profit, it is normal for the asset management group to sell the equity of Texas Instruments Group.

After a year and a half of turmoil has subsided, Xia Yu can completely transfer the equity of Texas Instruments Group held by the Asset Management Group to his other companies at one time. As for the price, it is up to him to decide, as long as he does not Loss, investors can not question insider operations.

Such an acquisition process, compared to a direct acquisition, has one more link and takes longer.

But the advantages are obvious.

It can save huge acquisition costs and increase the success rate of mergers and acquisitions.

The cost saved here is actually the hidden profit that Xia Yu obtained.

Compared with this profit, what asset management fee, what investment income share, that is a fart!

If you don’t have this investor’s money and go to the bank to borrow money for acquisition, the bank’s interest and handling fees will be higher than the asset management fee and investment income share, and it will also bring huge risks.

to conclude.

The purpose of Xia Yu's establishment of the asset management group is to use other people's money to help him invest, and while saving money for himself, investors must willingly pay for the entrustment!

Moreover, compared with small and medium investors, these high-quality individual investors and large institutions, because they entrusted too many assets to invest, their requirements for profits are not so high!

After all, anyone who understands investment knows that doubling one million dollars a year and making 5% profit a year with 10 billion dollars is a world of difference!