Reborn as a female internet celebrity in a county town
Chapter 240 I Might Have Lost Tianjin Capital
Chapter 240 I might have ruined Tianjin Capital...
There are many unspoken rules hidden within domestic financial institutions.
One of the unspoken rules is to stick together!
They are basically the core driving force behind every bull market.
First, they pool their resources to push up some high-weight stocks, causing the index to rise and attracting off-market funds to gradually participate, thus increasing trading volume.
When the bull market will collapse depends on when they want to leave.
Retail investors simply couldn't withstand the selling pressure of hundreds of billions or even trillions, and the market plummeted.
This isn't the first time that people have banded together.
Before the aftershocks of the 2016 stock market crash had even subsided, blue-chip stocks ushered in a mini bull market, which was essentially the result of large funds clustering together.
This phenomenon of forming cliques isn't limited to the stock market; they also do it off-market.
They've long since formed their own factions, and if you don't get their approval, you can forget about integrating into their group.
There are many ways to gain their approval, such as promoting the stocks they heavily invest in or giving them promotional fees for the platforms they control every year.
However, Tianjin Capital did not do any of these things.
Yan Li had never imagined she would achieve such great success; she was completely taken aback.
If she had known from the beginning, she would definitely have taken the initiative to reach out to her.
As for now?
Since they've already started arguing, there's no point in trying to contact each other anymore. After all, no one can deny the rift that once existed, and no one can perfectly integrate into another's circle like they have.
Even if they maintain a superficial friendship for short-term gains, they will break off relations immediately if any problems arise.
Yan Li never intended to relinquish the interests of Tianjin Capital, so...
Guan Sheng was helpless against such a group of people sticking together.
"Leader Guan, if Yan Li were your daughter, we would accept this!"
Suddenly someone said something that brought the atmosphere to its peak.
Guan Sheng's face was gloomy, and he was about to speak when Yan Li spoke first.
Yan Li stood up and said to the man, "Is this Mr. Wang from Rongxin Fund? I've been putting up with you guys for half a day, and you're still not done. Do you really think I'm an easy girl to bully?"
What does it have to do with you that the leadership allocated QDII fund shares to Tianjin Capital? Were those shares pre-assigned, and were yours included?
What makes you think those quotas are yours? Your Rongxin Fund has a total quota of 200 million US dollars, which you've been raising domestically for seven or eight years. In all these years, how many bull markets have come and gone in the US stock market? How much of your 200 million quota is left? Have you made any money?
The reason you're in such a hurry is simply because you think Tianjin Capital has gotten the benefits.
Why is it a benefit? Because QDII funds will definitely be snapped up!
Why are they being snapped up? Isn't it because fund investors are bullish on US stocks?
With the US stock market performing so well, how did you manage to turn a $200 million limit into $160 million over the past seven or eight years? I just can't understand it. How could there be such a stupid team in the world!
Even mutual fund investors know that buying US stocks can make money. Your team, which is so professional, not only failed to make money, but actually lost money!
Even if you gave it to an idiot to buy, they wouldn't lose this much money!
With a team as stupid as yours, how dare you yell here? Giving you a quota? What's the difference between that and giving it to pigs?
"If the leadership were to give the hard-won US dollar quota to your Rongxin Fund, do you think the leadership is an idiot?"
"Yan Li, watch your mouth!"
"What am I supposed to pay attention to? To paraphrase what you just said, bad kids get candy, so who wouldn't be a bad guy? So you're the only ones allowed to attack Tianjin Capital, and you get upset when Tianjin Capital says something true? Then tell me, on what grounds? So you're the only ones with the right to criticize others, but when others criticize you, it's considered disobedience? It's considered utter disrespect? Do you think you're some ancient emperor?"
Yan Li surveyed the surroundings with a cold gaze, not giving anyone a chance to speak, and continued, "You just said that Tianjin Capital has been engaging in illegal operations. Where is your evidence? Show it to us! Aren't Tianjin Capital's operations public? Call the police! You have no evidence at all, and you're just making baseless accusations? If you can just make things up, then if I say you're engaging in illegal operations, will you have to admit it?"
We're all adults here, and we need to be responsible for our words and actions! You're all in your forties and fifties, and this is the kind of thinking you have? No wonder mutual funds have been treated like rats in the street for years, losing hundreds of billions of yuan of investors' money every year. With leaders like you whose brains are underdeveloped and whose cerebellums are completely malformed, it's no wonder those funds are struggling!
If even idiots like you can become leaders of public funds worth hundreds of billions or even trillions of dollars, why can't I take that billion dollars? At least Tianjin Capital has made money for its fund investors, and at least so far, we haven't let any of them down!
They even said you can break the rules too? Look at yourselves, how many times have you broken the rules? Do you really think you're morally superior just because you're on a moral high ground? All you do is gang up on each other in private, occasionally helping this fund boost its annual returns to make them look better, then tricking investors into investing. Once the investors have invested, you immediately switch roles and use their money to boost other stocks.
"How many years have you been playing these tricks?"
"Yan Li, you've gone too far!" a middle-aged man said coldly.
Yan Li picked up the teacup in front of her and threw it at them, then yelled, "So what you're saying isn't going too far? Who's really going too far here?"
The teacup, along with the tea, slammed onto the conference room table with a loud crash, startling everyone.
This Yan Li is insane!
Yan Li continued, "Everything is said to be excessive by us, except for you. You're all innocent and pure! Besides hyping up news about foreign capital all day, what else can you hype up? You're always following behind foreign investors, cleaning up their messes, serving your foreign masters comfortably while ripping off your own fund investors! Aren't you professionals? Then let me ask you, how do you explain that 85% of fund investors are losing money? When fund investors subscribed, didn't they authorize you to use their funds? That's your money! How can you lose so much?"
When others are soft, you're hard; when they stand up a little, you accuse them of being impulsive and having problems. So, no matter what, you're always right? You've already slapped them, hurt them, and now you're advising them to be magnanimous and not to hold a grudge. Is the world's rules made just for you? If you're so capable, how come you're still losing money? How come your loss rate is so high?
If you can't even handle something as simple as making money, how dare you cause trouble for others?
So what if Tianjin Capital has only been established for a few months? Even if it's only been established for a few months, it's still better than you! If I were you, and you were outdone by someone who's only been established for a few months, I would go back and reflect on myself if I had any shame! Oh, I forgot, you have absolutely no shame. Besides throwing tantrums, acting like scoundrels, and desperately trying to maintain a seniority relationship to bully others, what else can you do?
They even said that Tianjin Capital's QDII product structure is not standardized. You're standardized? You put your own sons, relatives, friends' sons and relatives, all good-for-nothings, into the company and make millions of dollars a year. You're standardized!
I don't even need to find evidence. At my university, Shanghai University of Finance and Economics, how many students who constantly fail their courses end up working for your companies? I can produce the evidence! I'm not shameless like you, framing people with baseless accusations!
I know you've been domineering in the A-share market for a long time. Over the years, as your scale has grown, you've accumulated an enormous amount of shares. No matter what stock Tianjin Capital buys, you can drive it down to consecutive limit-down days.
If you're so capable, then destroy Tianjin Capital!
If you can destroy both of our funds – Tianjin Hybrid Selection and Tianjin Global Selection – then we'll accept it!
Unfortunately, you simply don't have the capability! You're aggressive and decisive domestically, but you act like pushovers abroad! For the sake of a few transaction fees from fund investors, you're willing to go all-in to profit from market downturns. You've never truly considered the interests of fund investors. In your eyes, fund investors are just fat pigs that you can slaughter and eat at any time!
To put it bluntly, I've never respected you guys from beginning to end. You all acted like clowns. Even the aunties arguing at the market know more about manners than you do. You all call yourselves successful people, but you're nothing but a bunch of parasites!
Today, anyone can criticize me, but you have no right to! You'll only have the right to speak to me when your net worth surpasses that of Tianjin Mixed Optimized Selection; otherwise, you're just scum! A bunch of pigs who've learned to wear suits and ties!
After Yan Li finished speaking, she turned around, moved her chair aside, opened the conference room door, and walked outside.
Her movements were swift and decisive.
Inside the conference room, almost everyone's face was extremely grim. Only Guan Sheng felt his blood boil upon seeing Yan Li's powerful and domineering response.
So confident!
Their confidence is frightening!
Without absolute strength, there's no way one could have such strong confidence.
He felt he had made the right bet.
From the very beginning, he knew what giving all one billion dollars to Tianjin Capital meant: it meant he would face pressure from all sides, and it meant that if this failed, he would be finished.
Even though Tianjin Global Selection has not been officially launched yet and has not achieved any results, Yan Li's strong response today alone makes him feel that he did the right thing.
He looked at the people on the field and said, "This is a decision I made. If you are not satisfied, you can complain about me at any time. I will bear all the consequences! In addition, since you have such great power, you should think about how to serve the fund investors! Don't always use strategic significance as an excuse. Every time a problem arises, I haven't seen where your so-called strategic significance is."
"The meeting is dismissed!"
……
After leaving the Securities Regulatory Bureau building, Yan Li returned to his car.
She was actually trembling all over because she never imagined she would do something like this in her lifetime.
This is not in line with her personality.
But when she stood up to respond, there was no awkwardness at all; she felt that it was her truest thought.
She felt that she had really changed.
Since Tianjin Capital officially stepped onto the national public fund stage, it has completely broken free from the mindset of growing from small to large.
Lin Lang glanced at his phone but didn't reply to the message.
She proactively sent a message asking, "Is it convenient for you to take a call?"
However, before Lin Lang could reply, his father called.
In such a short time, it's unlikely that Dad would call at any particular time. There's only one possibility: he knows what happened in the conference room.
It's not surprising that her father has extensive connections in the financial world and knows what happened in the meeting room. In fact, some people might even be angry about what she said and call her father to ask him to control his daughter.
She answered the phone and called out, "Dad, what's wrong?"
Yan Keming on the other end of the phone said, "You were too definitive today. It's fine to argue back or even curse a bit, but you shouldn't have dragged those funds into it. That's like giving them a reason to act. If they really make a move, Tianjin Capital won't survive."
"Dad, you already know?"
Yan Li could tell from those words that her father probably knew everything, even every word she had said, within a span of no more than ten minutes.
"It's not surprising that you know all this, but you really went too far today. No matter what, you shouldn't have used Tianjin Capital as a bargaining chip for spite."
"Yes, what they said was really too much, I couldn't help it at the time."
“It’s not that I couldn’t hold back, but you’ve been too arrogant lately. You’ve achieved unprecedented success with Tianjin Capital, and your mindset is completely different from before. Even if you think you’re very clear-headed, you can’t avoid being impetuous. I’m organizing a gathering tonight, and you can come and have dinner with me.”
"Who is there?"
"Those people you scolded in the meeting room today, even if you don't have any chance to cooperate with them in the future, you won't really have any feelings for them. At least don't say anything too absolute. Just give each other a way out. From now on, Tianjin Capital will do its own thing, and they will do their own thing. We won't interfere with each other."
"I... let me think about it..."
At this moment, Yan Li received a reply from Lin Lang.
"Dad, I have something to take care of here. I'll call you back later."
After saying that, she immediately hung up the phone.
Then, he called Lin Lang.
As soon as the call connected, Yan Li composed herself and said with some nervousness, "I might have ruined Tianjin Capital, I'm so sorry..."
"Ah."
"Um what?"
"Use this sentence as the opening line of your video, and it will definitely be a high-quality video."
"Huh? What's going on?"
"Next, you say that you've encountered suppression from domestic mutual funds and may not be able to continue working with Tianjin Capital. If things go wrong, Tianjin Hybrid Selection will be liquidated immediately to protect the returns for investors, and new subscriptions may be suspended at any time..."
(End of this chapter)
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