Chapter 421: The Myth of Fund Sales!
"Mr. Su, congratulations!"
Seeing Su Yu's arrival, the president of the branch of China Commercial Bank, who had been talking happily with Yu Xiaobing, approached Su Yu with a smile and stretched out his hand to greet: "Such a hot fund share subscription scene, it is the first time in my life to see Mr. Su's influence in the domestic asset management industry, which is really breathtaking." ”
"Governor Li is polite." Su Yu said with a smile, "Today, I would like to thank President Li for coming to supervise the work in person." ”
President Li responded with a smile: "Yes, after all, Mr. Su, your company is the primary customer of our branch, if we can't serve you well, wouldn't it be our dereliction of duty?" Plainly...... Our bank is only a service industry, and you are our food and clothing. ”
"Haha......" Su Yu laughed out loud and said, "What Governor Li said is really funny. ”
"Tell me the truth." President Li's posture was quite low, "Our entire branch is indeed counting on Mr. Su for dinner, so I hope we will ...... in the future It was also possible to deepen some cooperation. ”
Su Yu glanced at him, bowed slightly, and said, "Governor Li is indeed an excellent partner, don't worry...... As long as we can cooperate happily, I have no reason not to continue to cooperate with you, but during the cooperation period, President Li also has to strive for some favorable conditions for us. ”
"It's nature." Governor Li said, "If your company is willing to accept new loans, it will be even better, recently the state has a policy in this regard, if Mr. Su needs, I can get a low-interest loan of less than 1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 ”
Su Yu responded with a smile: "That's not necessary. ”
At present, there are still hundreds of millions of cash lying in the company's capital account.
Moreover, the company's main business is asset management business, not asset-heavy business, and it does not use too much working capital at all, and it is really unnecessary to operate with loans.
"Mr. Su categorically refuses every time, and always makes my kindness have no room to play." Governor Li said with a smile, but he also knew that Su Yu would definitely not accept the loan business he proposed, after all, Yuhang Investment Company's cash flow was extremely abundant, and the current company had not encountered anything that needed to expand rapidly in terms of operation.
Su Yu smiled and said: "President Li's kindness, I am sure I understand, you can rest assured, if one day our Yuhang Investment Company has a loan demand, the first time, we will never forget President Li, but ...... I just don't know if Governor Li is willing to help at that time? ”
As a top domestic banking institution like 'Huashang Bank', Su Yu knows their temperament best.
That is, when you don't need the money, they tend to find ways to shoehorn it into you; When you need money, there may be a high probability that the amount of loan you need will not be approved.
The so-called 'umbrella on a sunny day, umbrella on a rainy day'.
Under the strict internal risk control system of financial institutions, this is often the truest portrayal.
"What did Mr. Su say?" Governor Li said with a smile, "The credit rating of your 'Yuhang Investment' has always been quite high-quality in our bank, as long as Mr. Su says a word, the loan amount, not to mention 10 billion, 20 billion, I will also help Mr. Su apply for your company." ”
At present, the asset management scale of Yuhang Investment Company has reached about 30 billion.
According to the asset management scale of 30 billion, even if you do not calculate the excess performance share obtained by Yuhang Investment in the asset management business, only calculate the fund management fee, the fund management fee of that year is more than 1 billion, and then calculate the various projects invested by Yuhang Investment in the last year, the equity and stock investment involved, and the total income and assets of the company, which are far more than 2 billion yuan.
In this way, after a preliminary assessment, it is really not too difficult to borrow 2 billion from a banking institution.
It was also because there was no great difficulty that at this moment, President Li dared to say this in front of Su Yu.
Of course, if Yuhang Investment is really willing to lend so much money, President Li is also happy from the bottom of his heart, because he knows that for Yuhang Investment Company at this moment, the figure of 2 billion, the other party is really not too burdensome.
"2 billion?" Hearing Governor Li mention this number, Su Yu was slightly surprised and said, "Governor Li really looks up to our Yuhang Investment Company." ”
Governor Li responded: "It's not that I look down on your Yuhang Investment Company, it's that I know Mr. Su's unique ability to make money in the domestic financial market, as far as the domestic financial trading market is concerned, the figure of 2 billion is really a piece of cake for Mr. Su." ”
"I'm really flattered that Governor Li is wearing this high hat!" Su Yu replied.
With the brief chatting between the two, time passed minute by minute, and the number of shares that could be subscribed for by the entire 'Yuhang No. 3' fund was sharply reduced, while the funds in the special custodian fund account of China Commercial Bank were expanding rapidly, moving towards the 10 billion mark step by step.
At 10:15 a.m., the remaining fund shares plummeted to 3.525 billion.
At 10:45, the remaining subscribeable share of the fund dropped sharply to 2.232 billion, and the flow of investors gathered within the company at this moment still did not show any decreasing trend.
At 11:02, the remaining subscribeable shares of the fund began to plummet below 2 billion, and at this time, the flow of investors gathered within the company, the commotion between each other became more and more obvious and intense, and some people even almost fought because of the queue.
At 11:30, the two markets were frozen, and the market ushered in the moment of noon closing, the flow of investors within Yuhang Investment Company still did not decrease in the slightest, and at this time, the investor group who had not subscribed for the fund shares, the inner anxiety and urgency, became more and more serious, of course...... In everyone's anxiety and urgency, there are also some speculators who have begun to resell the fund share contracts that have just arrived at a premium.
At 11:55, close to 12 o'clock at noon, the subscribeable share of the entire 'Yuhang No. 3' fund began to drop sharply to less than 500 million, that is, the entire offline subscription was active, and it has also entered the final stage.
At this time, in addition to the hundreds of people gathered in the reception conference room, the crowd queuing outside the company, after knowing that the chances of success of the subscription were slim, finally began to slowly disperse, of course...... During this period, the number of investors who bought fund share contracts in other people's hands at a premium also increased instantly.
At 12:16, under everyone's final crazy grab, the offline subscription activity of the 'Yuhang No. 3' fund came to an abrupt end after all the shares of the subscribeable fund were sold out.
In the end, a total of 3,678 offline investors were received throughout the morning.
The entire offline subscription activity of the 'Yuhang No. 3' fund was a complete success.
"It's finally done, I'm exhausted." At around 12:40, in the company's reception conference room, which was already empty, Yu Xiaobing, manager of the company's fund business department, wiped the sweat on his forehead and reported to Su Yu, "The online and offline subscription activities have been successfully completed, according to the background data, a total of 7,592 investors participated in the subscription of our newly issued funds, of which ...... There are 139 investors who have subscribed for 10 million shares. ”
"Good!" Su Yu gently patted Yu Xiaobing's shoulder, then looked around at the staff in the conference room, as well as several working groups dispatched by China Commercial Bank, and said with a smile, "Thank you for your hard work, Secretary Li has arranged lunch, let's eat together at noon today." ”
After speaking, Su Yu walked out with the president of Huashang Bank, talking and laughing.
Yu Xiaobing and other employees of the company followed behind the two.
When they arrived at the place to eat, Li Xiaoling, the secretary, and several employees of the company's administrative department had already arranged everything, including delicacies from the mountains and seas, and delicacies from the show.
Seeing the table full of delicacies, everyone's stomachs were rumbling.
After all, it was past 1 o'clock in the afternoon, and in the high-intensity working environment, everyone was already hungry with their chests and backs.
"Everyone can sit and eat as much as you want, and you're welcome." Su Yu looked at the company's employees who contributed to the morning's work, as well as the working group of China Commercial Bank, as well as some personnel from the media and the Securities Regulatory Bureau, and said, "Today's company's fund issuance work can achieve such great success, all thanks to everyone's hard support." ”
After speaking, Su Yu gently picked up a glass of wine from the table and toasted everyone happily.
After he finished speaking, everyone was more casual, some people talked loudly, some gobbled up, some climbed relationships, drank with each other, some celebrated with each other, and talked about the future...... In short, after the intense work in the morning, everyone was relaxed at this meeting.
Su Yu drank two glasses of wine, simply finished eating, and then let Yu Xiaobing take control of the field, and he returned to the company with the secretary.
After all, although the sale of the 'Yuhang No. 3' fund has been successfully completed, the next ...... The work of closed operation has only just begun.
When Su Yu returned to the company, he didn't have time to come to the trading room.
On his mobile phone, a series of congratulatory text messages have been flocking, and at the same time...... The news that the 10 billion quota of the 'Yuhang No. 3' fund was sold out within half a day also quickly made the front page headlines of major domestic financial news websites, attracting the attention and discussion of the entire domestic asset management and investment community.
"What kind of speed is this, a fund of 10 billion will be sold out in half a day?"
When all kinds of news about the 'Yuhang No. 3' fund products were flying all over the sky, at this moment of Yuhang, inside Jingda Investment Company, Gu Chijiang, the general manager, was simply shocked: "Even if it is to build momentum in advance, the sales of public funds in the industry are not so fast, when will it ...... Has the domestic high-net-worth client group become so crazy? ”
If they want to issue a new fund, it can be said that they beg their grandfather and grandmother, but no one is willing to subscribe for it.
However, once this happened to the 'Yuhang Investment Company', the result completely subverted the three views of the industry.
"Maybe that's the charm of 'wealth'!" Beside Gu Chijiang, fund manager Lin Tingzong couldn't help but sigh with emotion, "In fact, the most fundamental reason for the cold market is not because the market lacks money, but because everyone can't see enough money-making effect and is unwilling to invest in." ”
In Lin Tingzong's view, the issuance of the 'Yuhang No. 3' fund can achieve such a huge success.
There is no greater reason for this.
That is, as the manager of the fund, Su Yu has condensed this ultimate money-making effect, so no matter how cold the stock market investment environment is, these investors are still willing to spend a lot of money under the ultimate money-making effect, desperately investing, or even rushing to invest.
"You're right." Gu Chijiang nodded, "The money-making effect created by the performance myth has made those high-net-worth investors in the market lose their minds in an instant, and the sales miracle of private equity products, 10 billion in half a day, is really unheard of in the entire industry." ”
Such a sales myth.
It is foreseeable that Su Yu will not only be promoted to the top position of star fund managers in the industry, but also 'Yuhang Investment Company' will be raised to the position of a first-class private equity fund company in China.
This is something that Gu Chijiang can't ask for, but he is extremely envious.
Similarly, the core fund managers within Jingda Investment were extremely shocked, and the three views were subverted at the moment.
Among the non-private equity institutions, such as the proprietary investment department of China Commercial Securities, a first-class large-scale asset management institution in China, the internal core asset management personnel were stunned and shocked for a while in the face of the fund sales myth just created by the 'Yuhang No. 3' fund product.
"Hehe, the sales scale of 10 billion in half a day, even if this is our public fund, I haven't seen it for several years, right?" Yanjing, general manager of the proprietary investment department of China Commercial Securities, Liao Guanghua, couldn't help but sigh, "Mr. Su of Yuhang Investment is really getting better and better!" ”
"The sales scale of 10 billion yuan in half a day has not only not been seen in recent years, but also the stock fund products of mixed investment have never seen this kind of sales speed before." The assistant next to Liao Guanghua took over and said, "The sale of the 'Yuhang No. 3' fund this time has simply shattered the three views in the industry. ”
Liao Guanghua bowed slightly: "It's amazing!" I heard that when this fund was offered to the public, its issuer also stipulated the upper limit of each investor's subscription share? ”
"Yes!" The assistant responded, "Individuals can subscribe for a maximum of 10 million shares. ”
Liao Guanghua heard that the rumors were true, and had to praise: "It's very good, after limiting the upper limit of individual subscription shares, it is really amazing to be able to achieve this sales result." ”
"Indeed." The assistant responded, "Now that the news has broke, the entire domestic asset management industry is boiling. ”
Liao Guanghua nodded and said: "It's good to boil, everyone said before that the market was short of money, the fund could not be issued, and domestic investors did not have the awareness to invest in fund products, and now it is ...... I'm afraid no one would dare to say that, right? It's really amazing, the status quo of the domestic industry has been completely broken by him alone. ”
And as Liao Guanghua's assistant guessed.
At this moment, the entire domestic asset management industry, whether it is private equity, public offering, or state-owned assets management background, all the asset management people in the industry, in the face of the sales myth created by the 'Yuhang No. 3' fund, are shattered, and feel completely incredible.