Just two days after the completion of the C round of financing on the campus intranet, Meituan also completed its own B round of financing. Similar to the intranet, Meituan USA, Meituan Island and Meituan Tianchao participated in the financing. Among them, the valuation of the American company is 8 billion yuan, the valuation of the island company is 6 billion yuan, and the valuation of the Celestial Empire company is 7.5 billion yuan, totaling 20.5 billion yuan.

IDG participated in the first round of investment in Meituan.com Tianchao, holding a 20% stake. Therefore, this financing was led by IDG, followed by SoftBank and other companies. In the same way, Jiang Hui personally sold 10 percent of the shares, and then the company raised 15 percent.

As a result, Jiang Hui has more than 8 billion yuan in hand, which is enough to toss in the financial market. And this time the share transfer, because it involves an overseas company, Jiang Hui directly received a batch of US dollars, so that there is no need to toss how to transfer RMB overseas. Otherwise, under the condition of foreign exchange control, it is really difficult to transfer funds to overseas investment in finance on a large scale.

In fact, foreign exchange control is not unique to the Celestial Empire.

Exchange controls began during the First World War. At that time, the international monetary system was in collapse, and the United States, France, Germany, Italy, and other participating countries all had huge balance-of-payments deficits, and the foreign exchange rate of their currencies fluctuated violently, resulting in a large amount of capital flight. In order to concentrate foreign exchange resources in the war effort, to mitigate exchange rate fluctuations and to prevent capital outflows from the country,

During the war, all the belligerent countries abolished the free trade in foreign exchange, banned the export of gold, and imposed foreign exchange controls. During the world economic crisis of 1929~1933, many countries that abolished foreign exchange control after the war re-implemented foreign exchange control, and some countries that implemented the gold bullion and gold exchange standard also implemented foreign exchange control. In 1930, Turkey first implemented foreign exchange control, and in 1932, more than 20 countries, including Germany, Italy, Austria, Denmark and Argentina, also implemented foreign exchange control. Immediately after the outbreak of World War II, the participating countries imposed comprehensive and strict foreign exchange controls.

In 1940, only 11 of the 100 countries and territories did not formally implement foreign exchange controls, and the scope of exchange controls was more extensive than before. In the early post-war period, Western European countries continued to implement foreign exchange controls due to the widespread "dollar shortage" and other reasons. In the late 50s, the economies of Western European countries recovered, the balance of payments improved, and from 1958 onwards, countries restored the free convertibility of currencies to varying degrees, and lifted foreign exchange controls on the international trade balance, but the foreign exchange controls on other items remained unchanged.

Whether it's because you don't put your eggs in one basket or because you really need to invest. Jiang Hui has fully considered the issue of asset allocation when reorganizing the Korn Ferry Group. Through the assistance of professional accounting firms and law firms, the shares of foreign branches have been removed from the Celestial Empire on the surface.

This is also the reason why Jiang Hui can easily obtain US dollars when the on-campus island country company, Meituan network island country, and American company participate in the financing.

"Mr. Jiang, our company has registered accounts in major securities markets around the world, and the traders are also in place. In the past week, I have allocated 30 million yuan for everyone to practice, and now I have five points of income. It seems that the Celestial Empire stock market in 2006 is really going to be on fire", Guan Weidong came to Jiang Hui's office to report on Guanghui Investment's entry into the economic and financial market.

Although Jiang Hui knew that the direction of the stock market in the Celestial Empire would go all the way up this year, he couldn't remember exactly how it changed every day, which stock had great upside potential, and so on. Although with the general trend, investing heavily in buying a bunch of blue chips will definitely have very good returns, but if there are professional traders operating on the side, the returns will inevitably be more objective.

A trader is someone who trades stocks for others. Mainly for the large service, they are often traders, have a good grasp of the disk, can grasp the timing of opening and closing positions according to the requirements of customers, skillfully grasp the skills of establishing and throwing chips, and use capital advantages to control the development of the disk to a certain extent, they can find every subtle change on the disk, so as to reduce the occurrence of risks.

Trading is actually a very artistic work, because there are no truths such as physics and mathematics in the financial market, and the art component of trading is far more than science. Most of the traders are introverted and don't like words, but they must be amazing. Many of these personalities are not in their nature, but simply because they chose this profession.

Tight-lipped is the minimum quality of a professional trader.

The level of several traders recruited by Guan Weidong this time is not necessarily the top in the industry, but the reputation is indeed very good. However, because the Celestial Empire stock market has been bearish for five consecutive years, even the top traders have been beaten into the abyss. Not to mention how much money you make, as long as you can not lose money, it is already very good.

It is precisely because of this background that Guan Weidong was able to recruit experienced traders to the Guanghui Investment Finance Department.

"Well, you bring them out in the evening, and I'll invite them to dinner together. The funds I obtained from selling the school intranet and Meituan have already arrived, and I will soon operate hundreds of millions or even billions of funds, so if I don't get to know them well, I really don't know the bottom in my heart", Jiang Hui said to Guan Weidong.

There is an old saying that birds die for food, and people die for money. Although the funds invested by Guanghui are all in their own accounts, without Jiang Hui's authorization, no one can transfer more than 10 million funds. But billions of funds can already be a banker, and it is difficult to guarantee that no trader is blinded by money and partners with outsiders to pit glorious investment.

In the hands of these professionals, it is not necessary to transfer the funds invested by Korn Radiance in order to make a profit. They have a myriad of ways to reap the benefits that seem plausible. For example, if someone cooperates with an outside institution, agrees to manipulate a certain stock, the other party enters the market first, and then Guanghui Investment enters and pulls up the stock, and the other party takes profits and escapes, and then ...... Don't look at what happens then, the other party has already profited.

This method is impossible to prevent, so when Jiang Hui asked Guan Weidong to recruit people, the first thing he took a fancy to was the character of the trader. Of course, it is also essential to be accompanied by appropriate monetary rewards.

The salary of a trader is generally composed of a basic salary and a commission, and the biggest difference in determining a trader's income is the commission. Under the same commission ratio, a good trader brings more income, and the commission may reach hundreds of thousands or even millions in a year, while a bad trader may only have tens of thousands or even almost zero.

Jiang Hui knew that the stock market of the Celestial Empire in 2006 was a steady profit and no loss, and the difference was only how much he earned. Therefore, when recruiting, we choose the method of high salary + low commission ratio. This method is very popular with today's traders, after all, after five consecutive years of bear market, traders are more concerned about the real salary.

(End of chapter)