Reborn as a female internet celebrity in a county town

Chapter 282 Tianjin Capital's Own Funds Statistical Report
Early Saturday morning, Tianjin Global Selection rose another six points.

In the last three trading days of this week, the stock rose by more than 30 points in total.

However, Lin Lang felt there was a possibility of a surge in the price during the trading session, and a pullback was likely next week.

Aside from T+0 trading and the lack of a "one-lot" concept, US stocks are actually quite similar to A-shares.

Fund washouts and other such things are common occurrences within the market.

However, Lin Lang's involvement was not high enough, and he had no control over the market, so he simply didn't make any moves.

Adjustments are perfectly normal. With so much money flowing into the US stock market every year, the "Seven Sisters" stocks always experience frequent adjustments, and each adjustment can result in a pullback of tens of percentage points.

The stock market is inherently about seeking value recognition. If prices rise wildly and directly, others won't dare to enter. It needs to pull back to support existing investors and give other large funds a chance to enter, so that a better market trend can emerge.

Since Lin Lang couldn't leverage his investment, he spread his funds across several stocks, making him at most a retail investor, not a large investor.

After finishing his work, Lin Lang went back to his hotel to sleep.

These past few days have been a bit tiring, but Yan Li hasn't let him worry about anything else. Even his meals are arranged perfectly, ensuring he gets just the right amount to eat each time.

The story of Tianjin Capital's acquisition of a stake in CATL was initially developing in a normal direction, with netizens analyzing the reasons behind Tianjin Capital's actions.

Some experts have analyzed the reasons, and their findings have gained widespread recognition.

The main purpose is to manage net asset value (NAV) to compete with other mutual funds.

In this situation, no one can say for sure what will happen.

However, the tone changed when another piece of news suddenly came in.

Tianjin Capital actually poured all 5 billion yuan of its medical insurance funds into it?

The medical insurance authorities are now urgently demanding that Tianjin Capital withdraw its funds, and it is expected to face a run on its bank next Monday.

This news is extremely important for investors who bought Tianjin Hybrid Selection Fund; they might face trouble tomorrow.

This is the situation when buying funds. You also have to consider the risks involved. If a run on the fund occurs, the fund can only choose to sell off its shares to save itself, which is a loss for those who still have money in the fund.

Buying funds and trading stocks are sometimes not that different. Funds are just like stocks, except that the rules are T+2, and they are not affected by intraday fluctuations.

Stocks can fluctuate wildly during trading, allowing for intraday trading (T+0), but funds cannot.

The correct way to buy funds is to buy them and then not look at them anymore. Set a psychological expectation in advance, such as a return of 20% or 30% in a year. Once you reach your psychological expectation, redeem them and wait for a new opportunity to reinvest.

The prerequisite is finding a reliable fund company and a reliable fund manager.

Some funds fall below their issue price on the second day after issuance and remain so until liquidation, leaving no chance to make a profit.

The reason why there is so much discussion about Tianjin Capital is because of the composition of its fund investors; they are not ordinary fund investors.

Some of them had never been involved in financial investment before, while others lost money in the stock market and came in specifically because they saw that Tianjin Capital was making money. They couldn't sit still and would check it every day and post their holdings and returns every day.

This has resulted in Tianjin Capital having a great reputation, but sometimes it is inevitably affected by this kind of rhythm.

Similarly, Guan Sheng was also implicated.

He received a call early in the morning from the medical insurance department, asking if Tianjin Capital had invested 5 billion yuan in the stock market.

"No, absolutely not! Tianjin Capital has already assured me."

He was forced to cover for Tianjin Capital.

However, the other party was clearly not so easily convinced.

"Could you contact Tianjin Capital for me? I need to go and take a look."

"Oh, this... today is a day off. Tianjin Capital is closed, and the banks are closed too..."

“Guan Sheng, I only gave you this 5 billion yuan because of you. Do you know what this 5 billion yuan means to me? If there is even the slightest problem, I'm finished. I can't allow any accidents to happen in this matter.”

Guan Sheng frowned, but quickly relaxed and said, "Okay, I'll arrange it with Tianjin Capital for you. Don't worry, you have two days off. If you can't see them today, you can always see them tomorrow. Besides, there's no point in rushing on your days off."

"So, you knew they put their money into the stock market?"

"I don't know, I didn't say that."

For Guan Sheng, it was incredibly painful.

His original intention was to help Tianjin Capital get some benefits. Even if it was just a 3% coupon rate, he believed that with Yan Li's connections and influence, putting that money out there would definitely earn him 4% interest.

You can earn one percent from inside and outside, which adds up to fifty million a year.

What a wonderful thing.

The problem isn't that the medical insurance sector can't find four investment opportunities; the main reason is that they have too much money and need to diversify their portfolios.

Moreover, some investments involving private individuals cannot be approved by them; at the very least, they need official endorsement.

They also buy some stocks themselves, but the proportion is very small, at most only 5% of the total. Out of a trillion, they will only invest 50 billion.

They really like investments that offer a stable annual interest rate of a few percent. Tianjin Capital offers a coupon rate of four percent, which is almost one of the highest-rated investments this year.

However, there is a prerequisite: that interest can be collected steadily and principal can be collected steadily upon maturity.

"Damn it, there are more and more rats in the workplace. Do they really think this place is a public bathhouse, where anyone can come and go as they please?"

He didn't pay much attention to the previous leak of Tianjin Hybrid Preferred's holdings, since too many people knew about it; there were at least 180 to 300 people in the entire unit who knew the situation.

Finding the problem within this group is more difficult than you can imagine.

But knowing that Tianjin Mixed Optimization received 5 billion yesterday at noon, and also knowing that the medical insurance department gave 5 billion, the entire unit can count the amount on two hands.

In his anger, he first called Yan Li, told her about the matter, and asked her to consider it.

Then, he urgently convened a meeting.

He lost his temper shortly after the meeting began.

"Does he really think he's someone else's dog?"

"If someone gives you a bone, you'll eagerly fawn over them?"

"If you want to be someone else's dog, then get the hell out of here!"

"From today onwards, if I ever find that Tianjin Capital's holdings are easily taken away by others again, since everyone knows what Tianjin Capital is up to, then don't blame me for being ruthless. Whoever tries to destroy me, I will destroy them!"

He had never lost his temper like this before, nor had he ever said anything so outrageous.

However, he felt that if he didn't take a tougher stance and say something harsh, such things would become commonplace.

Before Tianjin Capital appeared, such a thing would have been meaningless, because public funds would have proactively disclosed their own situations and cooperated with each other without needing to go through them.

After Tianjin Capital stirred up the entire public fund system, information on holdings and funds began to show value. Yan Li replied at 2 PM, saying that they could be invited to the company between 3 PM and 6 PM to confirm the matter in person.

Guan Sheng felt much relieved upon hearing this, since Yan Li could have postponed it until tomorrow, but instead chose today.

This means they must have some coping strategies.

Although the 5 billion yuan was indeed invested in the stock market, Tianjin Capital could easily raise another 5 billion yuan.

Anyway, there's no difference between all the money.

So Guan Sheng immediately called the other party and arranged to meet them at Tianjin Capital an hour later.

Guan Sheng set off immediately, intending to meet with Yan Li ahead of time and inquire about the preparations on Yan Li's side.

Although it was a meaningless thing, because in such a short time, if Yan Li didn't do it well, he wouldn't be able to get 5 billion.

But knowing in advance makes me feel more at ease.

However, when he arrived at Tianjin Capital, he discovered that Yan Li was not in the company at all.

"Boss, Ms. Yan will be here in a while. She has already given instructions that when you arrive, please go to her office. Ms. Yan will be here shortly."

"Never mind, I'll contact your CEO Yan. I'll wait outside."

Since Yan Li didn't come, there was no need for him to stay here.

I went to the entrance of the building, found a quiet spot, and lit a cigarette for myself.

In just twenty minutes, he thought about a lot of things.

He'd wanted to make a move with the public funds for a long time, but there was simply no way to do so now.

He has all the data on public funds, and only 15% of fund investors have made money in public funds.

If this data were replaced with data on outperforming bank interest rates, the number would fluctuate dramatically, representing only 2% of all fund investors.
In other words, only 2% of fund investors can earn an average of more than three percent per year.

Those are top-tier fund managers with annual salaries of several million or even tens of millions, and the results they've produced are so dismal.

Moreover, the phenomenon of factionalism in public funds is becoming increasingly serious. Many so-called employees lack sufficient professional competence and are all just people with connections. They can easily get in and earn millions of yuan a year.

They don't care about the other person's ability at all. As long as the basic education level is met, you can get in directly and get a high salary.

He desperately hopes that Tianjin Capital, this "catfish," can grow big enough to rival traditional public funds, so that he can sharpen his knives.

Not long after, Luo Ze, the person in charge of medical insurance, arrived.

Luo Ze was under forty years old, about the same age as Guan Sheng. After they started working, they went to school in the same year.

This is one of the reasons why Guan Sheng was able to contact the other party and speak up for Tianjin Capital.

After they met, the two shook hands, and Guan Sheng said, "Let's go upstairs. President Yan should be here by now."

"Guan Sheng, if anything goes wrong with this, you'll have to take full responsibility."

"What am I responsible for? You signed the contract, you collected the interest, I'm nominally a middleman, but did I take a single penny of the profits?"

"You... judging from your behavior, I have a feeling things aren't going well. In any case, Tianjin Capital has to come up with 5 billion, and I won't give them any face!"

As they spoke, the two got on the elevator.

Guan Sheng didn't want to say a word until the elevator doors opened and an employee from Tianjin Capital said, "Our two leaders have arrived. Please come with me to the office."

Luo Ze asked, "Has your CEO Yan arrived?"

"President Yan will be here shortly."

Luo Ze frowned.

Not here yet?
Having already arrived, he didn't say anything and silently went to Yan Li's office. After sitting down on the sofa, an employee brought him two cups of tea.

The atmosphere was somewhat awkward, and Guan Sheng hadn't expected Yan Li to still be there.

Surely you haven't thought of a solution?
Even if there's no solution, they should still come over; it's better than losing in terms of politeness and making Luo Ze angry.

"Have some tea first. Ms. Yan lives quite far away. I've only been here a few minutes. I guess she didn't expect us to arrive at three o'clock."

"Ah."

Rose did not show any emotion.

When they were serving tea, they noticed a document on the coffee table.

Of course, neither of them moved.

However, before they knew it, more than ten minutes had passed, and the two of them had drunk their tea twice. Apart from an employee coming in to refill their tea, there was no one else around.

Guan Sheng asked, "Where is your CEO Yan now?"

"President Yan has gone to pick up President Lin."

Luo Ze asked, "President Lin? Who is that?"

Guan Sheng, who was standing to the side, explained: "His name is Lin Lang. He is also one of the major shareholders of Tianjin Capital. He and Yan Li are the two who jointly established Tianjin Capital. They were also college classmates."

"Oh... Yan Li just graduated from university, right? I really can't tell..."

"Yes, they are very young. They have achieved what they have in their twenties. Anyone who spends a lot of time with them will feel inferior."

“Guan Sheng, it’s only because you personally came to me that I’ve chosen them. Otherwise, given that Tianjin Capital has only been established for a few months, I would never have chosen them. I don’t know much about Tianjin Capital because they weren’t even on my shortlist. Tianjin Capital doesn’t have the ability to withstand risks right now, so I can’t take the risk in this matter. If something goes wrong, they simply can’t afford to pay such a large sum of money.”

"Yes, I understand."

Luo Ze continued, "Tianjin Capital may look large, but in reality, the entire company probably only has two or three hundred million! That's considered a lot, considering it's only been less than two months, so they can't collect much management fee at all."

Guan Sheng: “…”

And you still say you don't understand Tianjin Capital?

You know all too well; you even know exactly how much management fee Tianjin Capital can charge.

Gradually, Guan Sheng and his companions were asked to have their fourth refill. The tea had lost its flavor, and they couldn't drink any more; their bladders couldn't handle it.

Luo Ze had been waiting for almost half an hour, and his patience had clearly worn thin, and his attention was starting to wander.

Then, his attention fell on the document on the coffee table.

He reached out and took it.

"Tianjin Capital's Own Funds Statistics Report"

(End of this chapter)