I'm in the county town, and you say I'm a big shot?
Chapter 751 Two things to do in Hong Kong
Chapter 751 Two things to do in Hong Kong
The afternoon sun was scorching, hanging blindingly overhead, softening the asphalt road surface and sending up distorted waves of heat.
Chen Yu's dark blue suit was clearly a size too big; it didn't look like a uniform issued by the bank. The shoulder line was drooping, and the cuffs covered half of the back of his hand.
He stood under the shade of a tree on the street, but the thin shade was no match for the scorching heat. His back was already soaked with sweat, and dark water stains slowly seeped into the fabric.
He loosened his collar—the tie was too tight, leaving a red mark on his neck. He pulled a bottle of ice-cold mineral water from his brand-new briefcase and gulped it down.
Perhaps he drank too quickly, some water dripped down the corners of his mouth, mixing with sweat and flowing into his shirt collar, while the edges of the soles of his new leather shoes were already covered in dust.
Chen Yu's face was calm, with an almost numb weariness. He tightened the bottle cap, carefully stuffed the remaining half-bottle of water back into his briefcase, and then wiped his mouth with his sleeve.
Just when Fang Qingye thought he would rest a little longer, he straightened his back again. He took a deep breath, then turned and walked towards the small shop next door with its faded sign.
Watching the figure disappear into the store, Fang Qingye withdrew her gaze and said to the driver indifferently, "Let's go."
When Fang Qingye returned to her office, Hu Lingling had already turned the air conditioning up to full blast. She drank the cold tea she had brewed herself and immediately felt much more comfortable.
Before I could even read the report on the off-balance-sheet business inspections of each branch submitted by the special task force, my phone rang. It was Qin Feng calling.
What's this playboy doing on the phone?
Fang Qingye muttered to herself.
ByteDance recently launched its Series D funding round, primarily for the research and development, marketing, and user subsidy wars of Douyin, Huoshan Video, and Xigua Video. This round raised a whopping $10 billion, equivalent to approximately 65 billion RMB!
Sequoia Capital China, Alibaba, Tencent, DST Global, General Atlantic, as well as CJ Capital (a subsidiary of Huijin), COFCO Financial (a subsidiary of COFCO), and CMB International (a subsidiary of China Merchants Bank) all participated in the investment.
Topway Technology is no exception, but this time it only invested 5 million RMB. Topway Technology already has a significant stake in ByteDance, so there's no need to increase investment further; everyone should share the profits.
Then there's Qin Feng's Fengrong Investment, which keeps pestering Fang Qingye to invest, saying they promised before.
is it?
Fang Qingye forgot.
However, they eventually agreed to his company investing 5 million RMB.
Is this what you're here for today?
Fang Qingye thought to herself as she pressed the answer button, and heard Qin Feng speaking fluent Shanghai dialect through the receiver.
"Aoba, what have you been busy with lately?"
"We're busy with work. The China Banking Regulatory Commission issued a guideline on risk management for off-balance-sheet business, and we're conducting a self-inspection. Hey, Qin Feng, didn't I promise to let you invest in ByteDance?" Fang Qingye asked back.
"That's not what I'm talking about today. Do you have time? Come with me to Hong Kong soon."
"Why go to Xiangjiang?"
"About Ele.me's IPO in Hong Kong."
Oh, is that so?
Since their conversation about Ele.me's IPO in Hong Kong at Huang Hua's wedding last winter, Qin Feng has been very interested in the matter and often discusses it with Fang Qingye on the phone. Ele.me has also been making preliminary preparations for this.
But Fang Qingye knew that the biggest obstacle to Ele.me's IPO was not Ele.me itself, but the relevant regulations of Hong Kong Securities and Futures Commission.
Currently, the Hong Kong stock market, like the mainland A-share market, adheres to the principle of "one share, one vote." However, Ele.me has adopted an "A/B share" structure, which means that under existing rules, Ele.me cannot be listed in Hong Kong.
Seeing that Fang Qingye remained silent, Qin Feng on the other end of the phone advised, "Qingye, if we want Ele.me to be listed in Hong Kong as soon as possible, we must go to Hong Kong to lobby the relevant departments and personnel. It's impossible to just sit on the mainland and wait!"
Ah?
"Alright, I'll get ready and head to Hong Kong," Fang Qingye agreed.
"Okay, I'll leave tomorrow, so hurry up and come!" Qin Feng said. "I'll call you when I get there."
"OK!"
Fang Qingye picked up her teacup and took a sip.
In fact, his agreement to go to Hong Kong with Qin Feng was not just to lobby for Ele.me's IPO, but more importantly, to visit Tuofang Fund.
You should know that a major event is about to happen in the political and financial circles: the UK will hold a Brexit referendum!
The result shocked the entire world!
We'll leave politics and geopolitics aside, but in the financial world, especially the foreign exchange market, it would be a disservice to a time traveler like myself if I didn't take the opportunity to make a quick buck.
Having decided to go to Hong Kong, Fang Qingye arranged her work, handing over the off-balance-sheet business inspection to Chen Danlu, while Deng Rong took over as acting president of Jinghai Bank.
Now that Fang Qingye has taken leave from Nanxin, Deng Rong has been handling her duties. Deng Rong is steady, mature, and well-liked.
Fang Qingye left Nanxin the next day, and Yue Kai drove to Shanghai. However, he was not in a hurry to go to Hong Kong to meet Qin Feng, as he still had some things to do in Shanghai.
First, Wang Chenyang, the CFO of Ele.me, should be put in charge to work with investment analysts from Jinghai Bank to write a "White Paper on Corporate Governance and Shareholder Rights Protection in the New Economic Era" overnight.
The report is modeled after Ele.me, but goes far beyond Ele.me itself. It systematically demonstrates how the dual-class share structure can better protect the company's long-term value and benefit all shareholders under a sound information disclosure and checks and balances mechanism. It is mainly for my own use after I went to Hong Kong.
In addition, he also needs to go to Tomorrow Cube.
Fang Qingye's Topway Technology now has two financial investment companies: Topway Fund (Hong Kong), which is already well-known overseas, and Tomorrow Cube.
Unlike Topway Fund, Tomorrow Cube was established earlier, but it is not as well-known in the international securities market as Topway Fund.
One very important reason is that, unlike Tuofang Fund, Tomorrow Cube has not repeatedly shone in the futures industry. Instead, it is deeply aligned with the national strategic will and resonates in unison with it.
Tomorrow Cube is following Fang Qingye's goal: "Make money, use high-frequency quantitative mechanisms to make as much money as possible overseas! Go to whichever country's stock market you can make money in, the US, Japan, South Korea, the UK, France, or Russia!"
Tomorrow Cube is also quietly making a fortune. As of the first half of this year, in addition to handing over 101 billion yuan in profits to Topway Technology, the company's own funds have reached an astonishing 258 billion yuan.
This afternoon, Fang Qingye, accompanied by Bai Ou, came to Tomorrow Technology Company and met Wei Xinghua, who had become the company's CEO.
Wei Xinghua was a little surprised by Fang Qingye's arrival: "President Fang, didn't I already send the first half-year financial statements of Mingri Lifang to Tuofang Technology? Didn't you receive them?"
Me@#¥¥%
"Dr. Wei, what are you saying? Can't I even come and take a look?" Fang Qingye said.
“Now everyone says that you only care about Tuofang Fund and have forgotten about Tomorrow Cube,” Wei Xinghua replied, half-jokingly and half-seriously.
This one
Indeed, he has a lot of contact with Tuofang Fund, and since Tomorrow Cube is right next to Tuofang Technology, Bai Ou often comes over, so he rarely comes to inquire now.
Fang Qingye was a little embarrassed, but replied with a smile, "It's mainly because you, Dr. Wei, have such strong leadership that I feel very reassured."
"Wow, the leader really knows how to talk."
"Hehe, Dr. Wei, have you encountered any difficulties at work?" Fang Qingye asked with concern.
"It's nothing. We needed a batch of high-performance servers a while ago, mainly to replace the old servers, and the large AI model development team led by Zhou Shengxuan in Model 2 also needed a batch of high-performance servers," Wei Xinghua replied.
"But it's already been purchased, so you don't need to worry about it."
"Okay, I have only one thing to say to you today. Global stock markets, especially the UK stock market, are about to experience a major shock. This is a black swan event this year, and your quantitative model parameters should take this factor into full consideration."
"You mean the upcoming Brexit referendum in the UK?" Wei Xinghua immediately understood.
(End of this chapter)
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