Starting with a fully invested A-share portfolio to become a capital...

Chapter 71 Tips for Improvement

Lujiazui, the capital of Shanghai.

1568 Century Avenue Building.

Underground Parking Lot.

Sun Miao, also a fund manager at Huaxin Securities, saw Tao Yuang approaching from afar, dressed in a gray textured suit and shiny leather shoes.

Without a second's hesitation, he quickly pressed the button on the car remote control in his hand.

The car's headlights and taillights flashed twice, attracting Tao Yuang's attention. He quickly took a bag of Moutai liquor from the driver's seat and strode closer, saying:
"Brother Tao! I heard you and Sister Xue got your marriage certificate! Congratulations! You've just been promoted in your career, and now your love has blossomed. You'll also be welcoming your baby in the second half of the year. This is truly a triple celebration! I'm so envious and genuinely happy for you!"

"Happy together."

When Tao Yuang responded with a smile, he glanced at the height of the Moutai bag in Sun Miao's hand and already knew what it contained.

Those who frequently give gifts know that the design of Moutai bags is very ingenious and they are also known as "progress bags".

If you put two boxes of Moutai inside, there will still be half a box of space on one side. If you give it away like this, not only will it look empty when you pick it up, but the recipient will also not be satisfied.

But if we add two more "Huazi" characters, it will just fill the gap.

But a new problem arose: the packaging of "Huazi" was taller than that of Moutai, and the difference in height was somewhat unsightly. Therefore, it was necessary to place something underneath the Moutai...

With clever design, you can tell at a glance whether someone is sincere or not.

"I only found out today that you, Brother Tao, have three happy events. It happened so suddenly that I didn't prepare any gifts."

At this point, Sun Miao lifted the bag in his hand and continued to flatter, "These are cigarettes and alcohol that a friend of mine brought back from a trip to Guizhou Province. You know me, I like health and never touch these things, so they've just been sitting in the trunk of my car collecting dust."

"Brother Tao, if you don't mind, please help me finish this. If you don't like drinking like me, you can give it to someone else. I'll make you a big gift later."

Sun Miao only said a few words, but he had already subtly conveyed his meaning.

The last line, "I'll give you another big gift later," is particularly suggestive and implies that the speaker wants something from the other person.

Tao Yuang wasn't a recent college graduate either; having been in the workplace for so many years, he naturally understood the underlying meaning and replied, "Shuxue is pregnant, and the house can't stand the smell of smoke."

He seemed about to refuse, but then suddenly changed the subject, saying, "However, I've heard that adding a little white wine to meat dishes can remove the fishy smell. I don't know if it's true or not, and I've never tried it."

"Yes, yes, yes, it can remove the fishy smell."

Sun Miao echoed his agreement.

Just then, Tao Yuang's BMW M3 flashed twice, a light signal indicating that the vehicle was unlocked.

Sun Miao understood immediately, opened the passenger door, and placed the bag under the passenger seat. Tao Yuang then said politely, "Brother Sun, you're too kind. Using Moutai to remove the fishy smell is too extravagant. Let's leave it for someone who knows wine."

"Drinking is bad for your health, and giving it to others would be harming them. Only when it's used for cooking, like you, Brother Tao, will I not feel guilty."

"Harmful!"

Tao Yuang sighed, pretending he couldn't refuse, and said, "Since that's the case, then I'll accept it. Remember to come to my and Shuxue's wedding banquet."

"I will definitely be there."

"Then I'll be going now, I have a dinner appointment."

"Okay, you go ahead with your work." Tao Yuang got into the BMW M3, quickly drove out of the parking space, and when he saw Sun Miao waving in the rearview mirror, he honked the horn twice, and then quickly drove away from the underground parking lot.

Although Sun Miao didn't mention any requests, everyone in the Shanghai branch of Huaxin Securities knew that Tao Yuang was appreciated by the company's leaders and was about to be transferred to Huaxia Fund to be in charge of public fundraising, and he would be the main manager in charge.

Speaking of which, Tao Yuang really has to thank Zhang Yang. Ever since he submitted the market research report with the concept of shikimic acid yesterday, Li Zhenrui and even Li Zhenrui's superiors have felt that Tao Yuang is a promising talent for public funds.

After that, everything went smoothly, and Li Zhenrui contacted the person in charge at China Asset Management to request the transfer of Tao Yuang.

The relationship between China Asset Management and Huaxin Securities is somewhat complicated.

In 2003, Huaxin Securities, State Development & Investment Corporation, Shanghai Capital Investment Corporation, and Huahai Trust & Investment Corporation jointly established Huaxin Fund with a registered capital of RMB 1 million.

However, in the following five years, all of Huaxin Fund's public funds were transferred to Huaxia Fund, and Huaxin Fund eventually became defunct, with only Huaxia Fund, which was deeply controlled by Huaxin Securities, remaining.

If it were just a transfer to China Asset Management, it wouldn't be worth Sun Miao currying favor with. But if he's "primarily promoted," then it's a different story.

To put it bluntly, this is about promoting Tao Yuang as a star public fund manager, who may become a public fund giant with billions of yuan in funds in the future.

If you don't curry favor now, who will remember Little Karami later?
Tao Yuang couldn't remember how many sycophantic colleagues he had met that day. All he wanted to do was finish the drinking party as soon as possible and then go back to draft the "Public Fundraising Plan".

……

As night fell, a cool breeze blew.

The sword of Damocles hanging over the A-share capital market has finally fallen, with Huaxin Securities and Huaguo Bank both releasing their first-quarter reports.

Huaguo Bank reported revenue of 505 billion yuan and net profit of 192.86 billion yuan in the first quarter of 2009, a year-on-year decrease of 16.12%.

Huaxin Securities reported revenue of 34.519 billion yuan and net profit of 17.18 billion yuan in the first quarter of 2009, a year-on-year decrease of 37.79%.

Less than ten minutes after the shoe dropped, Li Daxiao, chief economist of Yingda Securities, couldn't wait to turn bullish.

[Li Daxiao]: The shoe has dropped, comrades, the most difficult time is over. Let's say goodbye to the subprime crisis and hello to the retaliatory bull market. Congratulations, and embrace this hard-won baby bottom.

Compared to Li Daxiao's unwavering bullish stance without any justification, Yang Delong, who graduated from Peking University's Guanghua School of Management in 2006 with a master's degree in economics, analyzes the reasons for investors' gains.

[Yang Delong]: The reduction in Huaxin Securities' net profit was mainly due to the rapid decline in commission rates, which plummeted from an average of 0.158% in 2008 to 0.125%, a drop far exceeding the industry average. In addition, the suspension of IPOs also caused its investment banking business to suffer a "gap" impact.

[Yang Delong]: What I want to criticize about Huaxin Securities is that the market gave a reversal signal in November 2008, but after so many months, it still has a "conservative asset allocation strategy". Net investment income has decreased by 77% year-on-year, and investment returns have plummeted by 86.28%. The bearish attitude needs to be changed immediately. Going against the market will not end well.

Criticizing a leading securities firm on a public platform instantly caused a huge uproar in the financial world.

When individual investors saw the blog post, they all took advantage of the situation to kick someone when they were down.

[Don't hurt me]: As expected of the Air Force Commander, while other securities firms reported significant improvements in their first-quarter results, this one suffered a severe decline.

[Wang Bujian Wang]: This may be because a large ship is difficult to turn around. Having gotten used to the bear market, it took several months to complete the adjustment when the bull market came.

[Lightning Speed]: No wonder the securities sector has been sluggish lately; it turns out it's not that brokerages are bad, but rather...

Not only economists and stock market investors were speechless, but Zhang Yang also complained about the investment business level of Huaxin Securities in the stock trading forum on Baidu Tieba the moment he saw the first quarter report data.

Within half an hour of the post being published, it had already received over 400 replies, gained over 140 followers, and had 82 new members joining the discussion group. Even the VIP research report transfer group added 33 "quasi-monthly members".

(End of this chapter)