章節 308: Chapter 308: Six Hundred Million
"The three new funds are Huizhong Fund 2, Huijin Fund 2, and Changqing Fund 1."
"Among them, Huizhong Fund 2 will be managed by Ai Le Wen, Huijin Fund 2 will be managed by Jin Jia Jun, and I will manage Changqing Fund 1."
"Each fund will have an allocation of 200 million Hong Kong dollars."
"Huizhong Fund 2 has 400 shares, with each share requiring a subscription amount of 500,000 Hong Kong dollars."
"Huijin Fund 2 has 100 shares, with each share requiring a subscription amount of 2 million Hong Kong dollars."
"Changqing Fund 1 has 2,000 shares, with each share requiring a subscription amount of 100,000 Hong Kong dollars."
"Guests can choose the fund they are interested in according to their situation…"
As Wang Qi finished his introduction and announced the start of subscriptions, the scene became lively, with many people rushing to the designated subscription tables for the three funds on the stage.
Everyone understood the implied potential of the different thresholds for the three funds and accordingly went to the fund that matched their financial capability.
The investment managers of Huijin and Huizhong funds were of similar skill level, so the choice between them was not critical. However, top investors preferred to subscribe to Huijin Fund 2 and did not compete for spots in Huizhong Fund 2.
The lowest threshold fund, Changqing Fund 1, was also taken seriously. Although Wang Qi did not have a proven track record, he was the General Manager of Jiuding Securities, and his capabilities were expected to be superior to Ai Le Wen and Jin Jia Jun, so the return rate was not expected to be low.
Time flew by, and thanks to the impressive investment results, the enthusiasm of the investors was very high. Within less than an hour, all three funds had completed their subscriptions.
When the shares of the three funds were fully subscribed, many who missed out sighed in regret.
Afterwards, Xia Yu, along with the executives from Jiuding Securities, appeared again on the central stage.
"Thank you for your recognition and support of our company. I now announce that the entire 600 million Hong Kong dollars for the three funds have been fully subscribed. Please complete your remittance and collect your investment agreements at our company within three days. If you do not come to subscribe within three days, it will be considered a withdrawal, and the remaining shares will be open to the public. Don't miss this opportunity!"
"Lastly, I'd like to clarify that the dividend distribution for the three new funds, along with Huijin Fund 1 and Huizhong Fund 1, will be at the end of this year. The specific timing will be announced later!"
"Now, I declare that the fund subscription ceremony has concluded. Guests are free to enjoy the rest of the evening."
After Xia Yu announced the end of the gala and stepped down, many people gathered around him to chat, while others mingled and networked using this platform. Some who had other matters took their leave from Xia Yu.
The next morning, news of Jiuding Securities' two funds having exceptionally high investment returns and completing 600 million Hong Kong dollars in subscriptions in under an hour spread rapidly across Xiangjiang and Macau, and quickly made its way to Southeast Asia.
Not only were the public astonished, but even industry peers were shocked.
A 30% return in less than three months had surpassed the annual returns of most securities and fund companies.
What was even more staggering was that 600 million Hong Kong dollars in subscriptions were completed in less than an hour. This was simply unbelievable!
Many small to medium-sized securities and fund companies had total assets of just one or two hundred million or a few tens of millions of Hong Kong dollars, accumulated over many years. Yet Jiuding Securities easily surpassed them, and by several times.
Combined with Jiuding Securities' previous assets, industry peers were alarmed to find that Jiuding Securities' total assets had abruptly exceeded 1 billion Hong Kong dollars.
From today onwards, Xiangjiang had a new top-tier financial company with assets of over 1 billion, and the securities industry in Xiangjiang would witness further waves!
After all, Jiuding Securities now held at least 600 million Hong Kong dollars in liquid funds, without needing to leverage financial instruments, could create huge waves in the stock market. Just using their capital could crush many small to medium-sized securities and fund companies into bankruptcy.
On the other hand, with such a large amount of funds entering the market, it would definitely stir up some stock prices. Following Jiuding Securities' lead could ensure some gains. While Jiuding Securities might not care about these small gains, for smaller companies, it could be considered a substantial feast.
In this context, many smaller securities and fund companies had no choice but to stabilize their investment plans temporarily and observe Jiuding Securities' actions.
This was the prestige of a major financial company!
Despite the external commotion, Jiuding Securities remained unaffected. Within two days, the entire 600 million Hong Kong dollars had been received.
Meanwhile, the eight teams of Galaxy Fund had all moved into the neighboring building of Jiuding Securities, and the building was under lockdown.
Everything was in place, and it was time to take action!
Soon, Xia Yu called a secret investment meeting with Wang Qi and other executives. During the meeting, Xia Yu utilized his special skills again, identifying a large number of blue-chip stocks that were set to rise now or in the future.
With the solid proof from Huijin Fund 1 and Huizhong Fund 2, everyone believed in Xia Yu's guidance and discussed and outlined their investment scope.
Last time, due to limited funds, investments were constrained. This time, with double the total investment funds, Ai Le Wen and others could invest more freely.
After the meeting, everyone immediately sprang into action, assigning tasks to their subordinates, gathering information, and formulating buying plans.
Wang Qi and the others were aware that many eyes were on Jiuding Securities. If they made a high-profile purchase of a stock, a wave of following funds would likely enter, raising the cost of purchasing and disrupting their investment plans.
Thus, how to technically mislead other potential followers was worth careful consideration.
Of course, the task of investing in blue-chip stocks was mainly assigned to Huizhong Fund 2 and Huijin Fund 2. Wang Qi's Changqing Fund 1 quietly began purchasing shares in the Yihe Air Cargo Station Company.
After all, high-ranking officials from the political and police sectors had mostly invested in Changqing Fund 1. Xia Yu needed their funds to lead the way and shield his plans.
Jiuding Securities' actions were in the open, while Galaxy Fund's plans remained covert.
As Jiuding Securities began their strategic investments, Xia Yu's over 1.3 billion Hong Kong dollars in funds had also been partially transferred to Guang'an Bank, where a large number of anonymous accounts were opened to disperse the funds.
With the new week beginning, the eight teams of Galaxy Fund were clearly divided into roles and started their covert buying operations.
The first and second teams targeted Yihe Air Cargo Station Company.
The third and fourth teams targeted Yihe Machinery Group.
The fifth and sixth teams targeted Yihe Insurance Consulting Group.
The seventh and eighth teams targeted—Kowloon Warehouse!
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