Reborn as a female internet celebrity in a county town

Chapter 283 That Was Yesterday

Although it's somewhat impolite to directly look at someone else's things.

But we've been waiting for half an hour already, and it was the other person who was rude first.

Even Guan Sheng didn't think there was anything wrong with it, and even took the initiative to come over.

He also wanted to know exactly how much money Tianjin Capital had.

They were too lazy to look at the dense data; their eyes were immediately drawn to the final total.

A series of numbers, as can be seen from the multiple separators, has a full ten digits before the decimal point.

"Five billion four billion?"

Luo Ze felt that something was wrong, so he counted them again himself.

Damn it, Tianjin Capital's finance department is so unprofessional, they even got the separators wrong.

After all, in his opinion, Tianjin Capital would be lucky to have 300 million yuan now.

Don't be fooled by its current size; the growth has actually come from the last two weeks. On average, it probably doesn't even reach the 30 billion yuan mark in revenue.

With a revenue scale of 30 billion, and an annual management fee of 1.5%, that's only 450 million.

All told, Tianjin Capital's management fee for a month and a half should be around 40 to 50 million.

Their own funds could be tens of millions or hundreds of millions, but they could never be billions.

They went to rob people?
Guan Sheng had already started counting and checked the separators and decimal points several times to make sure he hadn't made a mistake.

"Their own funds already exceed five billion?"

Luo Ze: "..."

He's not Tianjin Capital's boss, how could he possibly know these things?

However, it is indeed over five billion, assuming there are no errors in this report.

A company that has been officially operating for less than two months has earned more than 5 billion yuan?
Earning 100 million a day? Is that even realistic?

"That's not right. Even if we calculate based on a scale of 80 billion, and using their QDII fund's 2.5% management fee, that's only 2 billion a year. So far, their income is at most a little over 200 million..."

Guan Sheng said, "Management fees are not their main source of income; they also have subscription fees."

"Even with the subscription fee, it's not that much, right?"

"The subscription fee is much higher. Don't be fooled by the seemingly low 0.5% or 1%; it's a one-time charge. Their total subscription amount exceeds 50 billion, so this single transaction brings in around 500 million. Then there's the redemption fee. Because they've only been established for a short time and their stock price fluctuates wildly, they face a large number of redemptions every day. The redemption fees alone range from three or four million to twenty or thirty million daily. Add that up, and it's several hundred million! Just adding that up, it's easily over a billion..."

Actually, Guan Sheng hadn't thought about these things before.

Because other mutual funds mainly earn management fees, with subscription fees being almost zero, and redemption fees not being very high either.

Everyone holds the shares for more than six months, so there are no transaction fees.

However, these two are actually the main sources of revenue for Tianjin Capital.

Their fund investors love redeeming their shares too much.

If other mutual funds had hundreds of millions or even billions of yuan in redemptions every day, they would probably be devastated.

Guan Sheng pointed to the report and said, "Look at this part. This is the bulk of their own funds. They invested 3.4 billion in Tianjin Global Selection Fund. This 3.4 billion was borrowed from the bank by Yan Li. Moreover, the net value of this fund increased by 80% in just ten trading days. Adding the management fees, subscription fees, and redemption fees, which are far higher than the industry standard, their total funds in Tianjin Global Selection Fund have exceeded 6 billion. After deducting the cost of 3.4 billion, they have already made a net profit of more than 2.6 billion in just ten trading days..."

Because they put all their funds into Tianjin Hybrid Selection and didn't withdraw them, although they took on huge risks, as Tianjin Hybrid Selection continued to make money, they accumulated 2.8 billion yuan in funds... This is the source of their 5.4 billion yuan in equity capital..."

After Guan Sheng finished speaking, he fell silent.

He could read the reports and knew what each number meant, but put them together, they were like a bomb.

Tianjin Capital is absolutely insane. Who invests every penny of their management fees into the stock market?
But they dared to do it, and not only did they dare, they made a fortune.

With a scale of tens of billions, it has generated revenue of hundreds of billions.

This behavior is not only not prohibited in public funds, but is actually encouraged.

It's like some fund managers investing their own money to give investors confidence. They're basically telling investors, "I'm willing to put my own money in, so what are you worried about? How could I possibly lose my own money?"

However, for a company, doing so would be too risky. Unless it's a sure thing that makes a profit, they might put some funds into it.

Those who are guaranteed to make money are simply stealing money from the market when they are trading, and it has nothing to do with their personal abilities.

This shows that Tianjin Capital's approach is extremely audacious.

They face enormous risks every day; one wrong move and they could lose everything, unable to even pay their employees' salaries.

However, risk and profit go hand in hand, and Tianjin Capital has maximized its profits in this way.

Luo Ze, who was standing to the side, also fell silent.

Damn, Tianjin Capital is making way too much money.

How can they be so confident in themselves?
Borrowing money to speculate in stocks? And borrowing 3.4 billion yuan?
But now, the result is good.

In just two months, they earned an amount that others could not even imagine. It is estimated that no one would have thought that Tianjin Capital had become so terrifying.

With over 5 billion yuan in their own funds, they have enough to face many risks.

Even if the market turns bad, they can withdraw their own funds immediately.

Previously, Luo Ze was very worried that Tianjin Capital would use their money to speculate in stocks, resulting in losses that would be too great to repay the principal.

Now it seems that repaying the principal is nothing!
With so much of their own capital, they're not afraid of not being able to come up with the money.

"No wonder you kept urging me to bring in money. I was skeptical at first, after all, a four percent coupon rate exceeds the industry's top standard. If I didn't know your character, I definitely wouldn't have agreed so quickly. I never expected that you would secretly support such a monster as Tianjin Capital. You're going to be very happy in the future. With Tianjin Capital around, you don't know how many big things you'll accomplish!"

Luo Ze said these words from the bottom of his heart.

They all wanted to accomplish something significant, after all, they were not yet forty years old, an age perfect for striving.

If they didn't have a fighting spirit, they wouldn't be where they are today.

However, accomplishing great things is not so easy.

Take Guan Sheng for example. Those public funds outwardly listen to him, but in reality, they are all plotting for their own interests. They already have their own circles and interest groups. Who cares about Guan Sheng's life or death?

All Guan Sheng could do was make minor adjustments and tweak things. He'd be gone in a few years, leaving the same way he came. Want achievements? Want a resume?
What a fart!
But things are different now. Because of Tianjin Capital's existence, Guan Sheng can use this to put pressure on other public funds.

Is there a benefit? If you don't listen, then we'll give you someone who does.

Foreign exchange quota? Give it to Tianjin Capital. External funds? Give it to Tianjin Capital!
In the past? There was no choice at all. Even if Guan Sheng disliked those public funds, he still had to give them the money.

Now? Who are those old bastards? Tianjin Capital is doing so well, of course it should be given to even better companies.

Once Tianjin Capital becomes even stronger, Guan Sheng will have more confidence, and he might even be able to change some of the rules...

Only by nurturing Tianjin Capital, this "catfish," can Guan Sheng gain more control.

Upon hearing this, Guan Sheng said helplessly, "I only found out today that Tianjin Capital has so much equity capital."

"Huh? You were deliberately fooling me before?"

"How did I fool you? Tianjin Capital has the ability to make money. Their more than 5 billion yuan in equity is an example. Do you think that more than 5 billion yuan came from nowhere? They have clearly written down the source of every single income, which is all earned by them in the past month or so!"

Guan Sheng truly felt unworthy of Luo Ze's praise.

He didn't help at all; Tianjin Capital got to this point on its own.

With over 5 billion yuan in its own funds, Tianjin Capital's ability to withstand risks has reached an extremely high level.

Even if their actions are extremely risky, and their own funds may face huge drawdowns every day, how many days would it take to completely wipe out 5 billion?

Tianjin Capital's ability to make money demonstrates its sophisticated understanding of money, making it impossible for its own funds to dwindle to that extent.

He always wanted Tianjin Capital to play it safe, since they had already passed the initial stage. As long as they played it safe and developed steadily, he would slowly give them good things, and they would become strong in a few years.

But to my surprise, they had become powerful!
In less than two months, they made 5 billion!
Is there any justice in this world?

Even the top-tier public funds in China only generate a little over 6 billion yuan in revenue per year.

The financial industry has higher net profits, around a billion yuan.

In fact, their net profit could be even higher, but...

Every domestic public fund company, if you count them all, has signed dozens or hundreds of incompetent people, paid millions or even tens of millions of yuan annually just because they have connections or relatives. Add to that the various excuses that executives use to spend money, and the net profit should be two or three billion yuan.

Their first-mover advantage is so strong that newcomers simply cannot compete with them on the same track.

If they can strictly stand on their own side at the strategic level and refrain from forming cliques and exploiting others on a daily basis, then they can spend their money however they want.

The problem is that at the strategic level, they outwardly comply but inwardly defy, and sometimes they even use strategic matters to set traps and fleece investors, while using investors' money to bail out their own funds.

Why do some funds not rise much when the market is booming, but fall even more sharply when the market is crashing?
The main reason is that the fund's own funds were being used to sell off its holdings.

When prices surge to high levels, they immediately withdraw their funds because risks have emerged and they are losing control of the market.

This resulted in the fund not being able to capture the full profit of the day, and its gains even falling short of the overall market gains.

When the market falls, the original 500 million yuan of funds from fund investors were redeemed, but when their 500 million yuan was added to the total, it meant that they had to redeem 1 billion yuan. As a result, the stocks they held were hit particularly hard, leading to losses that were higher than the overall market.

Are they masters who would mistreat their own people?
As for fund investors? They were bought with their own money anyway.

Oh, a third-party platform? They also have a stake in it...

Unlike Tianjin Capital, where they not only make their own money but also genuinely help their fund investors make money.

Even if Tianjin Capital grows into something like them in the future, at least along the way, countless small fry will grow.

Instead of what it is now, public funds have become something they can pass down.

What Yan Li said in the meeting room earlier was actually very true: they want to put their children and grandchildren in the public fund industry, treat public funds as their private property, as something that can be passed down for generations.

Newcomers either join them or get killed by them.

Such things are the most terrifying, because throughout history, whenever a country encounters problems, the gentry and aristocratic families are the first to become traitors.

Keeping them will only cause trouble sooner or later!

However, we can't just leave it behind, as there's no alternative for the time being.

Luo Ze no longer cares how this matter was brought about in the first place, even if Guan Sheng did have an element of inducement involved.

At least he is now certain that Tianjin Capital will not be unable to come up with the principal.

Of course, the risk still exists in theory, and I will keep an eye on it myself. I will only consider this issue if Tianjin Capital experiences a continuous sharp decline.

He is now completely stunned by Tianjin Capital's ability to make money.

Just then, another employee from Tianjin Capital walked in, holding a document. He placed it on the coffee table and said, "Gentlemen, Mr. Yan and Mr. Lin are downstairs and should be here in five minutes. Would you like us to change the tea?"

Guan Sheng waved his hand and said, "No need, what did you just bring?"

"This is Tianjin Capital's own capital statement from yesterday. We need Mr. Yan to sign it later."

"Yesterday? What about the one before that..."

"That was the day before yesterday."

Guan Sheng: “…”

Luo Ze had already picked up the new report and started looking at it. Just as the Tianjin Capital employee was about to speak, Guan Sheng said, "Don't worry, President Yan put it here for us to see. We will have a good talk with your President Yan later."

After saying that, he also moved closer.

First, they glanced at the date; they were so focused on the amount that they hadn't even noticed the date.

The date on this report is indeed today.

But the final funding has changed drastically.

Five billion plus a few million.

The previous report stated a figure of over 5.46 billion.

In other words, in just one day, Tianjin Capital's own funds increased by another 340 million yuan.

Earning 300 million in a single day!

(End of this chapter)