Reborn IT Giant
Chapter 203 JPMorgan Chase
Although the profits from the Japanese stock market have been transferred to Zheng Yan's account, Zheng Yan is not in a hurry to start the stock fund business. As a private equity fund, Zheng Yan also needs a suitable third-party custodian institution.
Although it is said that those who employ should be trusted and those who are suspicious should not be trusted, this sentence obviously does not apply in the field of private equity funds. Third-party custodians can supervise the investment of the manager, safely keep the fund assets, and review the valuation and accounting results of the manager.
and other functions. However, Zheng Yan is most concerned about the custody rate issue.
Zheng Yan has been considering the choice of a custodian since he promised Bill Miller that he would inject US$2 billion into the fund in the early stage. Zheng Yan had previously communicated with Bill Miller, and most of the investments he will lead in the future will focus on Wall Street.
, plus Zheng Yan himself will increase his investment in the United States, so Zheng Yan still prefers to choose an American bank as a third-party custodian. In the end, Zheng Yan decided to choose JPMorgan Chase Bank after careful consideration.
JPMorgan Chase Bank, also known as Morgan Bank to Chinese people, is headquartered in New York and is one of the largest financial services institutions in the United States and even the world.
"Miyuki, what time is the appointment with Morgan Bank?"
"Zheng Jun, I have contacted Bray Morgan, the person in charge of their port city, and made an appointment to meet at two o'clock."
Zheng Yan looked at his watch and found that the time was almost up, so he rushed to JPMorgan Chase's branch in Hong Kong City with Aso Miyuki.
J.P. Morgan is located in Central, Hong Kong City. Central is located in the Central and Western District of Hong Kong. It is the political and commercial center of Hong Kong. Many banks, multinational financial institutions and foreign consulates are located in Central. Because Zheng Yan had been contacted in advance, Zheng Yan met him smoothly.
The person in charge of the other party.
"Hello, Mr. Morgan."
"Hello, Mr. Zheng, I'm glad you chose to cooperate with us at JPMorgan Chase. I don't know what you want to drink. I know you Chinese people like to drink tea, but I only have coffee and Coke here."
"I'm not picky about this. Bring me a cup of coffee. As for whether we can cooperate, it depends on the subsequent negotiations."
"Believe me, we will
Gendong can provide you with the best service. Where is Miss Aso?"
"Bring me a cup of coffee too."
"I happen to have authentic Blue Mountain coffee here. It tastes very good. You can try it. Lina, make two cups of coffee for the guests."
From the name, you can tell that Bray Morgan comes from the Morgan family in the United States. In addition, he must be very capable in conducting overseas business independently. Although it is just a few simple words, it gives Zheng Yan a very good feeling.
"To be honest, I was very surprised to see Mr. Zheng today. Although there is no shortage of young and successful people in the United States, at Mr. Zheng's age, it is really rare to see such achievements.
, even Bill from Microsoft can’t compare to it.”
Not only the Chinese people will put high hats on others, Americans also know this well. Therefore, Bray Morgan did not rush to start negotiations, but tried to build a relationship between the two.
Others didn't know what was going on, but Zheng Yan knew it very well. Therefore, when he heard Bray Morgan comparing himself to Bill Gates, even though Zheng Yan has always been very thick-skinned, he couldn't help but feel a little blushing at this time.
"Thank you for the compliment, Mr. Morgan, but I think we should talk about this cooperation first."
"No problem. From Ms. Aso, I have already roughly understood Mr. Zheng's purpose. I know that you have an investment company under your name, and I hope that we, JPMorgan Chase, can serve as the third-party custodian for one of the private equity funds."
"Mr. Zheng must have understood that generally, as a third-party custodian institution, when providing custody services for a new private equity fund, the custody rate will be relatively high."
"You must be aware of the reason. As a private equity fund, it was not able to raise much funds in the early stages of its establishment. However, as a third-party custodian, the work we have to perform is the same."
"However, I personally am very optimistic about Mr. Zheng's future. In order to have long-term cooperation in the future, we can calculate it according to the basic rate in the industry, which is 20%. I wonder what Mr. Zheng thinks?"
As a member of the Morgan family, Bray Morgan
Of course, he is not a short-sighted person, otherwise he would not be called the person in charge of JPMorgan Chase in Hong Kong City. Therefore, he gave a relatively favorable rate. But he did not know that this rate was better than Zheng
Yan's expectations were still a bit high.
"Mr. Morgan, first of all, I am very grateful for your kindness. I do not deny what you said. I believe that if it were another person, I would happily accept your kindness. However, I personally feel that
The rate is still a bit high.”
"This stock fund under my name has indeed just been established, but its person in charge is not a newcomer. Bill Miller should be regarded as an absolute living star in the investment community, especially in the field of stock investment. Therefore, in the later stage, I will raise funds
In terms of this, I’m sure you won’t encounter any difficulties.”
As a prince of JPMorgan Chase, Bray Morgan was certainly not unfamiliar with Bill Miller's name, but he didn't expect that Zheng Yan would actually poach him. Originally Bray Morgan was a little unhappy with Zheng Yan's rejection of his kindness, but now
It has become lighter, but it is not enough for him to make concessions.
"One more thing, I also know that no matter how convincing the name Bill Miller is, it will always take time to raise funds. However, after the fund starts running, I personally will first inject two billion US dollars."
"Compared with those big private equity funds, two billion US dollars is really nothing, but it is definitely stronger than most private equity funds. Therefore, you don't need to worry about your income."
"Of course, the most critical point is that in addition to the stock fund led by Bill Miller, the investment company under my name also plans to establish futures funds and bond funds in the future. If our cooperation goes smoothly this time, then I think,
I won’t have to worry about third-party escrow agencies anymore.”
Bray Morgan also didn't expect that Zheng Yan's financial strength was so strong. According to Zheng Yan's statement, he still has at least four billion US dollars in working capital.
Needless to say, JP Morgan Chase, even for some large companies, six billion US dollars is nothing at all, but six billion US dollars of active funds is a bit scary.
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