Reborn as a female internet celebrity in a county town

Chapter 201 We, Tianjin Capital, are also victims...

Yan Li knew what the monthly routine meetings of the Securities Regulatory Bureau talked about. They mainly focused on understanding everyone's situation and summarizing previous events.

Under strict rules, it is inevitable that any company will violate regulations to some extent. However, if no one sets an example, it may lead to serious consequences in the future. Therefore, such meetings also serve to set an example.

Besides these, there are some benefits.

For example, starting new projects, or applying for foreign exchange quotas, etc.

After the net asset value was released on Friday, Yan Li carefully reviewed the company's situation.

Currently, the company has more than 300 million yuan in its own funds.

Moreover, the amount of funds subscribed today is quite substantial. More than 2 billion yuan has already been confirmed for the shares today. If the situation continues to develop over the weekend, the amount will likely remain high by next Monday.

However, although the net asset value did not collapse today, it still hit a new low overall.

The lowest net asset value growth for Tianjin Hybrid Selection was on Monday of this week, with a gain of only +4.23%. Today, the net asset value growth is only +3.89%.
Looking back, today's situation can indeed be described as one of utter decline.

The main reason is that other funds account for too large a proportion, and the holding ratio of small-cap stocks that hit the daily limit is getting lower and lower. As for the other stocks that Lin Lang has invested in, their market performance is negligible. Even if a few individual stocks rise by a few points, it cannot have a significant impact because those stocks do not have an overall market trend.

After getting home from get off work, she took a relaxing bath, washing away all the fatigue of the day.

Although she didn't exert much effort during the trading session, Tianjin Capital is becoming increasingly complex, and its previously simple structure is gradually becoming unsustainable. As the CEO, she has more to do than her employees, plus multiple decision-making tasks.

Besides company matters, there are also external matters, such as recruitment and various related business...

Many things were still ineffective, such as helping Lin Lang find a house, but Lin Lang refused.

But she definitely had to be prepared, just in case Lin Lang wanted it. She couldn't just find it on the spot and make Lin Lang wait.

Even seemingly futile efforts are often quite necessary.

After taking a shower, she picked up her phone and started looking at related comments online.

As she predicted, many people are pessimistic about Tianjin Capital because of its low net asset value today.

The pace is fast, not only because of the genuine thoughts of some netizens, but also because there are people pushing it from behind the scenes.

They could be major players in those stocks, or they could be other mutual funds.

Tianjin Capital's popularity in the market, coupled with its soaring net asset value, has made other public funds look very bad in comparison.

Aside from reputation, it's mostly about profit.

Because of the high popularity of Tianjin Capital, most of the available funds in the market have recently flowed into Tianjin Capital, leaving other public funds with less money.

Even some of the public fund users took out the money they had invested in their company and invested it in Tianjin Capital.

Rivalry among competitors is a bad thing, even though the overall impact may not be significant.

They're all big shots with assets in the hundreds of billions or even trillions, why should a newcomer be allowed to step on their heads and shit on them?
Therefore, any problem with Tianjin Capital will be magnified infinitely.

……

Chen Lin has returned from Hong Kong, but instead of going to Shanghai, she came to Hangzhou.

Yan Keming had dinner with her, and after discussing some course arrangements, they chatted idly in bed.

Chen Lin asked, "I see that Tianjin Capital's net asset value doesn't seem very good, and the trend is a bit off. Is there something wrong?"

She doesn't have a clear understanding of the market; the financial field covers a lot, but she knows very little about trading.

Yan Keming said, "There's no problem, it's just that there's too much subscription money, and their available positions are limited..."

"Huh? I thought they had withdrawn part of their forces..."

"It's impossible to withdraw. If there were any large-scale portfolio adjustments, the net asset value would not be what it is now."

"So what do you think of Tianjin Capital?"

Yan Keming: "..."

So what? He's already the world's youngest fund manager with billions in assets, what more can he do?
Even though Tianjin Capital has collapsed, Yan Li's past achievements will not be erased.

He had always thought that Tianjin Capital wouldn't last past the second week, but to his surprise, they achieved even more outstanding results in the second week than in the first.

It can only be said that Shen An'an's divine assistance was of immense value.

Moreover, Tianjin Capital made good use of the sentiment at that time, trying its best to lock in the price at the limit up every day, keeping retail investors in the market.

The market remained stable from Wednesday to Friday!

After opening at the top on Wednesday and releasing a large amount of shares, the market took over again. After dipping on Thursday, the market rallied again at the end of the day, and continued to make moves on Friday, ultimately helping the stock to hit the daily limit.

These techniques can be considered excellent.

Yan Keming will definitely be able to analyze the specifics, since revealing the truth is not difficult for them.

Tianjin Capital has exhausted all means to avoid being flagged for a takeover bid, even resorting to losing money by engaging in reverse trading.
He was indeed a little disappointed that he couldn't sign Lin Lang, but since Lin Lang had joined a private equity firm, it was impossible to achieve that.

Tianjin Capital's current success is inseparable from its public fund nature.

The threshold for private equity is too high, and most ordinary people cannot participate.

Another point, which is also fatal for private equity firms, is that they cannot engage in indiscriminate advertising on the internet.

This round of "Tianjin Capital bull run" is based on the fact that Tianjin Capital is a public fund, and Lin Lang happens to be a master at manipulating traffic.

From the day Shen An'an started stirring things up, he began to analyze the matter in depth. After the analysis, he had only one feeling: Lin Lang's talent in the media industry was too strong, and he was able to take the initiative to integrate media and finance.

He certainly has the ability to operate effectively, but more importantly, he has the ability to guide public opinion and emotions.

Those actions may seem like violations, but in reality... there's not a single thing to be found to accuse them of.

Shen An'an didn't name names, and the key information in the comments section was all speculation. If netizens are willing to believe it, what can anyone do?
Unless evidence can be found proving that Shen An'an was instructed by someone associated with Tianjin Capital, or there is sufficient evidence to prove that someone from Tianjin Capital is stirring up trouble online.

Most importantly, all the netizens who participated are making money... so there's no way to characterize this incident since it hasn't caused any serious consequences.

Tianjin Capital did not spend money to clean up the negative comments, and Yan Li's publicity was all reasonable and legal, so this matter cannot be classified.

"It's too early to say. We'll have to wait until this market downturn ends and Tianjin Capital can stabilize before we can make a judgment. Right now, they're still on the edge of a cliff and there's still a risk of falling off the mountaintop."

What Yan Keming didn't say was that Tianjin Capital had gained some ability to protect itself and was unlikely to collapse completely.

Even if things don't go well, leaving behind a scale of three or four billion shouldn't be a big problem.

If it can maintain stability in the future, it still has the potential to reach a scale of 10 billion again.

For Tianjin Capital, achieving this is already considered a successful start.

"Then come back to Shanghai with me tomorrow. It's been so long since I've seen Lili..."

“Go back by yourself. It’s not a good time for me to see her right now. I haven’t even called her recently.”

"My daughter is becoming more and more outstanding..."

"Ah."

Yan Keming didn't say anything; he would definitely try to win over Lin Lang.

Even after receiving the equity confirmation letter from his daughter, which meant Lin Lang was about to own shares in Tianjin Capital, he could still offer more.

You can't make much money in the mutual fund sector, and that money isn't easy to earn either.

After this round of market activity ends, Tianjin Capital will fall into mediocrity and struggle for many years. Meanwhile, I can immediately bring Lin Lang huge profits.

If I couldn't win him over with 100 million, and I couldn't win him over with 200 million, then what about 300 million, 500 million? Or even 1 billion?

With a salary of one billion yuan a year, he is the only "emperor of employees" in the world.

Even Tim Cook of Apple, with his annual salary plus stock options, is only a little over 90 million US dollars. There are very few CEOs of top global companies whose annual salary exceeds 100 million US dollars.

For working-class people, earning one billion yuan a year is something that few in the world can match.

Can Lin Lang earn 1 billion yuan a year at Tianjin Capital?

Let alone a billion, even disregarding this market trend, it's difficult to earn a hundred million in a year.

The most important aspect of mutual funds is their strategic significance. Because of their financial strategic importance, they are very important and have a certain say in the financial industry.

To put it bluntly, the size of public funds represents the bottom line of the domestic financial system; they cannot be completely out of the market.

In fact, most of the funds in the A-share market are private equity funds.

There are more than ten times more private equity firms in China than public funds, and there are more than 100 firms with assets exceeding 10 billion yuan.

Mutual funds don't only invest in securities; they also invest in many other wealth management products. In fact, the amount of funds invested in securities is very small. For mutual funds with a scale of several hundred billion yuan, at most only one-third of the funds will be used to invest in stocks.

On the private equity side, it can basically reach one-half.

If Lin Lang wants to earn 1 billion yuan a year with Tianjin Capital, then according to his shareholding, Tianjin Capital's annual net profit must be over 2.5 billion yuan.

If we only consider management fees, it would require a scale of hundreds of billions to reach that level.

Even if you take all the miscellaneous factors into account, Tianjin Capital's scale is less than 50 billion, so it's impossible for it to earn that much profit.

In Yan Keming's view, even if Tianjin Capital takes the first step well, it still won't be very competitive. Lin Lang is just showing his strength and waiting for others to offer a higher price.

And I am the one who can set the price.

……

Yan Li woke up at 7:00 AM.

I talked with Lin Lang for a while last night, mainly about going over this afternoon to finalize the shareholding confirmation, and also to ask if Lin Lang had any other plans for the next two days, such as whether he would go back to his hometown.

Of course, she also mentioned that she sent things to Lin Lang's parents. You have to tell people about things like trying to win their favor, otherwise how will they know?

Of course, she didn't directly say what to send. Instead, she made an excuse, saying that Lin Lang's parents had worked hard helping her look at the house, and asked Lin Lang what else his parents liked besides the things she had sent over the past two days.

After quickly tidying up, she drove to the Securities Regulatory Bureau.

The China Securities Regulatory Commission (CSRC) is based in Beijing; its presence in Shanghai is merely a formality.

However, they wielded considerable power, especially Guan Sheng.

This routine meeting was chaired by Guan Sheng.

Although the executives from major public funds may not necessarily be CEOs, they are at least senior executives with significant influence.

After Yan Li arrived and verified her identity, she went to the lounge.

By this time, there were quite a few people in the lounge.

And each of them is a big shot to Yan Li.

There was a vice president from Huaxia, and a vice president from Excellent Era...

Yan Li took the initiative to walk over and greet everyone.

"Hello, Mr. Zhang..."

The other person remained calm, declined to shake hands with Yan Li, and said lightly, "Hello, President Yan."

Yan Li didn't mind and greeted everyone present with a smile.

It's a good thing Lin Lang didn't come. If he had, he probably wouldn't have paid any attention to this group. If they hadn't been so nice, they might have started arguing on the spot.

Lin Lang's main tactic is to never lose a verbal battle!

I'm different; I'm sensible, and I have a gentle personality...

Watching others sit together and chat, Yan Li couldn't join in the conversation; all she could do was wait.

Not long after, people started arriving one after another over the next ten minutes, and half an hour later, everyone was invited into a conference room.

There were a total of 63 people, representing 63 public funds.

After Yan Li entered, he saw his nameplate, which was right next to Guan Sheng.

The person next to her was the vice president of Excellent Era, a top domestic public fund with assets in the hundreds of billions, who had been in the industry for twenty years...

She felt uneasy.

After Guan Sheng sat down, he brought the microphone to his mouth and said, "First of all, thank you all for coming. There's nothing special going on today, but I have some questions for you. Recently, there's been a lot of buzz online about mutual funds. This is an unusual combination of the internet and finance. In the past, our internet finance only used the internet as a carrier and tool for finance. I'm not sure what it is now, so I'd like to hear your opinions."

After Guan Sheng finished speaking, he glanced around and finally gave Yan Li a smile.

The person next to Yan Li spoke up: "Leader Guan, you're talking about Tianjin Capital, right? I'd like to ask if this is really not against the rules? If it's not against the rules, then our company can also use its capabilities to create a star fund."

Just one sentence made Yan Li frown.

However, as a newcomer, she did not casually refute these 'seniors'.

Someone else said, "Leader Guan, public funds have their own rules. If others can arbitrarily break the rules to achieve their goals, isn't that unfair to those of us who follow the rules?"

"Why is there a difference between public and private funds? Why are there strict restrictions on private funds advertising and marketing? It's simply because netizens don't have a comprehensive understanding of finance and are easily trapped by marketing schemes. How is Tianjin Capital's behavior any different from those 'pig butchering scams'?"

Yan Li's expression changed.

They immediately labeled it a "pig butchering scam"?
Guan Sheng remained silent, and then someone else said, "Putting marketing aside, is Tianjin Capital's operation compliant? High-frequency trading, two-way trading—why is it that when we hold a stock position for less than six months, we might be considered to be engaging in short-term arbitrage, and the relevant fund manager would be punished? Why is Tianjin Capital's two-way trading and stock price manipulation considered reasonable?"

"There's also off-market manipulation, using influencer personas to lure retail investors into the market. What is this if not malicious market manipulation?"

Hearing the increasingly serious accusations against Tianjin Capital, Guan Sheng quickly spoke up, "Everyone, please don't get agitated. We've been keeping an eye on this matter. Let's put aside whether these things are illegal or not, or whether there's any evidence. But I see that everyone seems quite dissatisfied with this, so let's pause for a moment and stop talking about these things. It's pointless anyway. Judging from your expressions, let's talk about your demands."

If we keep labeling people, it'll turn into a fight.

"We have no other demands, we just want things to be done according to the rules, and we don't want one bad apple to spoil the whole bunch..."

"Where does Tianjin Capital resemble a public fund? How much of the public fund regulations have they followed? They're treating the A-share market like their own backyard, doing whatever they want. If this matter isn't dealt with severely, we won't be able to explain it to our company staff or to our hundreds of thousands of fund investors! After all... what Tianjin Capital did isn't something others can't do. Our company's thousands of employees are working hard, so why should they suffer cyberbullying because of someone else's illegal and irregular behavior?"

"Exactly! Every employee in our company is resentful. If Tianjin Capital's actions aren't addressed, it's tantamount to ruining the entire mutual fund industry! The mutual fund industry is already struggling. In recent years, private equity has become increasingly prioritized, and with the advancements in quantitative finance, it's becoming increasingly difficult for mutual funds to achieve results. There are already many constraints on mutual funds, and now they find that others can ignore those constraints. What about all the grievances we've suffered over the years?"

"Are we stupid? Don't we know how to do marketing? Our analysts, our traders, our fund managers don't even know the most basic things about manipulating stock prices?"

"Yes, we will absolutely not turn a blind eye to this. Tianjin Capital has the ability to attract funds, that's their skill, but they absolutely cannot do it by trampling on the rules we uphold! We will absolutely not allow that!"

Guan Sheng nodded.

Seeing Guan Sheng nod, Yan Li couldn't help but speak up.

What do you mean?
Is that approved?
If these things are fully acknowledged, Tianjin Capital's problems will be far more serious than a simple punishment can solve.

Malicious market manipulation? Malicious marketing? Illegal transactions?
If all of these people are held accountable, she and Lin Lang will have to go to jail!
She quickly raised her hand and said, "Director Guan, I want to say... Tianjin Capital is also a victim..."

(End of this chapter)