Rebirth of the Strongest Tycoon

Chapter 567 Giant with 0 billion assets

Rebirth: The Most Powerful Heng 567 Author Huang Laoshi full text 2364 words

Next, Xia Yu made comments to several other people one after another, and then entered the collective negotiation process. After the whole meeting, the various subsidiaries of Jiuding Culture Media Group were more closely connected, and the utilization rate of resources was improved by a level. Competitiveness has a good bonus. After the meeting of Jiuding Culture Media Group was over, Xia Yu held a meeting of Jiuding Financial Group the next day. Compared with the previous day, the number of people in the meeting on this day was very small, only Xia Yu, Wang Qi, Liu Tianci and Jason Gregg were four. Wang Qi and the other three were all prominent figures in the Hong Kong financial industry, but at this time they seemed very ordinary in front of Xia Yu. Still following the same process as before, Xia Yu asked them to report to him one by one about the operation of the companies they manage. The first is Jiuding Securities Company, the oldest company, which is well managed by Wang Qi. After Xia Yu went to the UK, Wang Qi continued to attract elite talents and opened new funds to raise funds. Following the original Huizhong No. 1, Huizhong No. 2, Huijin No. 1, Huijin No. 2, Changqing No. 1, Jiuding Bank No. 1 and Jiuding Bank No. 2, Jiuding Securities Company has once again launched Huizhong No. 3, Huizhong No. Fund No. 4, Huijin No. 3 and Huijin No. 4, each fund raised 300 million Hong Kong dollars, raising a total of 1.2 billion Hong Kong dollars. At this time, the original raised capital managed by Jiuding Securities Company has reached 3 billion Hong Kong dollars! But the outside world has been urging Jiuding Securities Company to open a new fund. I don't know how many people are staring at Jiuding Securities, so Wang Qicai has been recruiting elites and intends to open a new fund as soon as possible. Jiuding Securities is highly sought after in Hong Kong and even in Southeast Asia, because the return on investment of its managed funds is too high. A few years ago, Jiuding Securities held the first dividend distribution meeting for fund shareholders to introduce the operation of the fund to investors and distribute dividends on the spot. The atmosphere at that time was very warm, and there was a tendency to overturn the roof. Without him, just because the fund income of Jiuding Securities is too high! The earliest established Huijin No. 1 and Huizhong No. 1 funds have investment returns of 146% and 144% respectively, and this is not even a year's income, so most of the funds in Xiangjiang have already been suspended, and the star fund is properly . Then because of the special step-by-step income sharing set up by Jiuding Securities at that time, when the investment rate of return is higher than 70%, Jiuding Securities Company will get 50% of the income and investors will get 50%. As a result, the returns of Huizhong No. 1 and Huizhong No. 2 funds belonging to investors are 73% and 72% respectively. In less than a year, the assets have appreciated by 73% and 72%, which is definitely a bumper harvest for investors. When Wang Qi announced the gains made by investors at the conference, the audience boiled over. As for Huizhong No. 2, Huijin No. 2 Fund, Changqing No. 1 and other funds set up later, although the operation time is shorter, the return on investment exceeds 50%, which surprises many investors. After the conference, most investors shared their wise decisions and high returns with family and friends, making them very excited. With such a high profit and such a good publicity opportunity, Wang Qi of course seized it and informed Yan Wenhan, and then the Jiuding Department of newspapers hyped it up, making the entire Xiangjiang shareholders go crazy. Funds with stable investment have such a high rate of return. Taking advantage of this advantage, Wang Qi opened four funds in a row and raised 1.2 billion Hong Kong dollars. All funds were raised in less than three days. Many investors waved their cheques but were rejected by Jiuding Securities. The more confident you are in Jiuding Securities, the more you want to invest. This kind of grand scene made many colleagues in Xiangjiang jealous, but they could only lament. No way, the financial market is like this, and real interests are the foundation of everything! At the end of the year, all fund income will be distributed, excluding the income of its own funds, and the income of investment management alone, Jiuding Securities Co., Ltd. will receive 380 million Hong Kong dollars, after deducting a series of expenses such as operating costs and bonuses, it will obtain a net profit of 340 million. Hong Kong dollars. Of course, Wang Qi did not announce this profit, and Jiuding Securities Co., Ltd. was not listed.

There is absolutely no need to expose this. Anyway, investors and the capital market already know the power of Jiuding Securities. Jiuding Securities Company was followed by Jiuding Bank. In view of the strategic partnership between Jiuding Bank and Jiuding Securities Company, when Jiuding Securities Company was booming, the bonus effect on Jiuding Bank soared, and many people opened accounts and deposits in Jiuding Bank. In particular, many investors who received dividends, after Wang Qi advertised for Jiuding Bank at the reception, almost deposited their money in Jiuding Bank. So far, Jiuding Bank's non-consortium deposits have reached 2.76 billion Hong Kong dollars, and the number of accounts opened has reached 487,000. Thanks to Liu Tianci's efforts and the advantages of the consortium, many companies in the industrial chain of the brother companies have opened accounts in Jiuding Bank, allowing the company to go to Jiuding Bank. Soaring every month, it has now reached as much as 570 million Hong Kong dollars. If you add the deposits and liquidity of all companies of the Jiuding Consortium in Jiuding Bank, the total assets of Jiuding Bank have reached 6.8 billion Hong Kong dollars! A great bank! Finally, there is Jiuding Insurance Company. Jason Gregg is a good player in operating and playing with capital. After Jardine Insurance was acquired and changed its name to Jiuding Insurance, its monthly premium income has grown rapidly. In the month it took over, its monthly premium income increased by 32% year-on-year, and the year-on-year growth rates in the following months were 34%, 36%, and 39% respectively. %. Calculated last year, Jiuding Insurance Co., Ltd. collected 35.74 million Hong Kong dollars in premiums for life insurance, property insurance and other insurance types in the whole year (including the Jardine Insurance period), with a total compensation of 14.12 million Hong Kong dollars, and the gross profit of premiums exceeded 20 million. Then there is the asset investment of the original insurance company, etc. Jason Gregg also followed the speculation in stocks and gold, which made the company's assets grow rapidly, especially in gold futures, directly using high leverage. With sufficient capital, the company's capital investment income has reached 470 million Hong Kong dollars, making Jiuding Insurance Company's total assets officially exceeded the one billion mark, becoming a veritable Hong Kong first insurance company. The operating conditions of the three companies are very good. After Xia Yu added up the data of each company, he found that the total assets of Jiuding Financial Group had exceeded the 10 billion Hong Kong dollar mark. Of course, the total assets are not net assets. After all, although Jiuding Bank has total assets of 6.8 billion, its net assets are only around 800 million at most. But in any case, the money is in the hands of Jiuding Bank, and it has the right to use it, and the influence brought by the money also belongs to Jiuding Bank. With the Jiuding Financial Group, which holds tens of billions of assets, Xia Yu can confidently say that he is definitely the number one financial tycoon in Hong Kong.

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