Chapter 567: A giant with tens of billions of assets

Next, Xia Yu successively put forward opinions to several other people, and then entered the collective negotiation process, the whole meeting, Jiuding Culture Media Group's subsidiaries are more closely connected, resource utilization has been improved to a grade, and the competitiveness of their respective companies has a good bonus.

The meeting of Jiuding Culture Media Group was held, and Xia Yu held a meeting of Jiuding Financial Group the next day.

Compared with the previous day, the number of people in the meeting on this day was very small, only Xia Yu, Wang Qi, Liu Tianci and Jason Greg were four.

Wang Qi and the other three are all big names in the financial industry in Xiangjiang, but they seem very ordinary in front of Xia Yu at this time.

Still following the same process as before, Xia Yu asked them to report to him one by one on the operation of the companies they managed.

First of all, Jiuding Securities Company, which is the oldest company, is well managed in Wang Qi's hands.

After Xia Yu went to the UK, Wang Qi continued to attract elite talents and opened new funds to raise funds.

Following the original Huizhong No. 1, Huizhong No. 2, Huijin No. 1, Huijin No. 2, Changqing No. 1, Jiuding Bank No. 1 and Jiuding Bank No. 2, Jiuding Securities Co., Ltd. once again launched Huizhong No. 3, Huizhong No. 4, Huijin No. 3 and Huijin No. 4 funds, each of which raised HK$300 million, raising a total of HK$1.2 billion.

At this time, the original raised capital managed by Jiuding Securities Company has reached 3 billion Hong Kong dollars!

However, the outside world has been urging Jiuding Securities Company to open a new fund, and I don't know how many people are staring at Jiuding Securities, so Wang Qi has been recruiting elites, intending to open a new fund as soon as possible.

Jiuding Securities is highly sought after in Hong Kong and even Southeast Asia because the return on investment of its managed funds is too high.

A few years ago, Jiuding Securities held the first fund shareholder income dividend meeting to introduce the operation of the fund to investors, and on-site dividends, the atmosphere was very warm, and there was a tendency to overturn the roof.

Without him, just because the fund income of Jiuding Securities is too high!

The earliest Huijin No. 1 and Huizhong No. 1 funds have investment returns of 146% and 144% respectively, and this is not a year's income, and it has already beaten the vast majority of Xiangjiang funds, and they are properly star funds.

Then, because of the special tiered income sharing set by Jiuding Securities at that time, when the investment return rate is higher than 70%, Jiuding Securities will receive 50% of the revenue share, and investors will get 50%.

As a result, the returns of Huizhong No. 1 and Huizhong No. 2 funds attributable to investors are 73% and 72% respectively.

In less than a year, the asset appreciated by 73% and 72%, which is definitely a bumper harvest for investors.

When Wang Qi announced the benefits of investors at the conference, the audience was boiling.

As for the Huizhong No. 2 and Huijin No. 2 funds, Changqing No. 1 and other funds set up later, although the operation time is shorter, the return on investment has exceeded 50%, which has surprised many investors.

After the conference, most of the investors shared their wise decisions and high returns with family and friends, leaving them with a lot of excitement.

To obtain such a high income and such a good publicity opportunity, Wang Qi of course grasped it and informed Yan Wenhan, and then the Jiuding newspaper hyped it up, making the entire Xiangjiang shareholders crazy.

Investing in stable funds have such a high rate of return, what stocks to speculate!

Taking advantage of this east wind, Wang Qi opened four funds in a row, raising 1.2 billion Hong Kong dollars, all of which were raised in less than three days, and there were many investors waving checks but being rejected by Jiuding Securities, the more they refused, the more confident investors were in Jiuding Securities, the more they wanted to invest.

This kind of grand scene makes many colleagues in Xiangjiang red-eyed, but they can only lament.

No way, the financial market is like this, real interests are the root of everything!

At the end of the year, all fund income dividends, excluding the income of its own funds, only the income from investment management, Jiuding Securities Company received 380 million Hong Kong dollars, deducting a series of expenses such as operating costs and bonuses, and obtained a net profit of 340 million Hong Kong dollars.

Of course, this profit, Wang Qi did not announce to the public, and Jiuding Securities Company was not listed, there is no need to expose it at all, anyway, investors and the capital market already know the power of Jiuding Securities, too much, you have to hide a hand for yourself.

Jiuding Securities Company was followed by Jiuding Bank.

In view of the strategic cooperative relationship between Jiuding Bank and Jiuding Securities Company, when Jiuding Securities Company was in full swing, the bonus effect on Jiuding Bank soared, and many people opened accounts and deposits in Jiuding Bank.

In particular, many investors who received dividends almost deposited their money into Jiuding Bank after Wang Qi advertised Jiuding Bank at the cocktail party.

So far, Jiuding Bank's non-consortium deposits have reached 2.76 billion Hong Kong dollars, and the number of accounts opened has reached 487,000.

With the efforts of Liu Tianci, with the help of the advantages of the consortium, many companies in the industrial chain of brother companies have opened accounts in Jiuding Bank, so that the company's flow to Jiuding Bank, which makes the total monthly turnover of Jiuding Bank's non-consortium system soar every month, and has now reached as much as 570 million Hong Kong dollars.

If you add the deposits and liquidity of all the companies in Jiuding Bank of Jiuding Consortium, the total assets of Jiuding Bank have reached 6.8 billion Hong Kong dollars!

A proper big bank!

Finally, there is Jiuding Insurance Company, Jason Greg is a good player at managing and playing with capital.

After Jardine Matheson Insurance was acquired and renamed Jiuding Insurance, its monthly premium income has been growing rapidly, with a year-on-year increase of 32% in the month it took over, and a year-on-year increase of 34%, 36% and 39% in the following months.

Calculated last year, Jiuding Insurance Company's life insurance, property insurance and other types of insurance for the whole year (including the period of Jardine Insurance) collected a total premium of 35.74 million Hong Kong dollars, with a total compensation of 14.12 million Hong Kong dollars, and the gross profit of the premium exceeded 20 million.

Then there is the original insurance company's asset investment, etc., Jason Greg also followed the stock speculation and gold speculation, so that the company's assets grew rapidly, especially the gold futures, directly using high leverage.

With sufficient capital, the company's capital investment income reached 470 million Hong Kong dollars, making the total assets of Jiuding Insurance Company officially exceed the one billion mark, becoming a veritable No. 1 insurance company in Hong Kong.

The three companies are doing very well, Xia Yu added up the data of each company, and found that the total assets of Jiuding Financial Group have exceeded 10 billion Hong Kong dollars.

Of course, although the total assets are not net assets, after all, although the total assets of Jiuding Bank alone have reached 6.8 billion, the net assets are about 800 million at most, which is still seen in the increase in income and investment returns.

But in any case, the money is in the hands of Jiuding Bank, and it has the right to use it, and the influence brought by these money also belongs to Jiuding Bank.

Jiuding Financial Group, which has assets of tens of billions of yuan, Xia Yu can confidently say that he is definitely the leading financial tycoon in Xiangjiang.