News came from 5S Asset Management Company that a large customer recently needed money and wanted to redeem the money in the fund in advance, with a total amount of up to one billion yuan.
The other party is a listed company that raises domestic pigs, and its financial situation is not abnormal.
Talking about the need for money is undoubtedly more of an excuse and is not optimistic about the future performance of 5S Asset Management Company.
Just before the other party bought it, the hesitation period had not exceeded three months. The company executives really had no reason to refuse the redemption by this listed company, so they wanted Su Yehao to think of a way.
The asset size of this large customer is equivalent to hundreds of thousands of ordinary customers of open-end public funds.
The executives of 5S Asset Management will inevitably feel heartbroken. There are only a handful of super-rich investors like this in the entire company, so it is certainly worth trying to fight for them.
5S Asset Management Company has just formed a scale and is in a great situation.
Unexpectedly, he unexpectedly ran into a bear market. Su Yehao could only say that he had not caught up with the good times. He had been too hasty before and did not expect that there would be a stock market crash in 2001.
He had heard about the subprime mortgage crisis in 2008 and the circuit breaker stock market crash in 2015, but he didn't know enough about the situation in 2001. He only focused on the benefits of joining the WTO and ignored the bubbles in the mainland stock market.
At this moment.
Su Yehao was walking in his garden, using his mobile phone to communicate with Vice President Sun, who had switched jobs from CITIC Group, and said calmly:
"In the past, people invested in us because they were optimistic about the prospects of the private equity investment industry. Now asset values are generally inflated. It is normal for the company that makes ham sausage not to be optimistic about us. To put it bluntly, our private equity funds now lack attraction.
It's useless to just rely on words to buy the bottom of the customer's selling points. You need to stabilize them first, and I'll think of a solution."
"That's right, Mr. Su, your point of view is spot on. In the past, they thought that after the investment projects were financed and listed, they would have the opportunity to earn several times the profits. Now we don't know when the stock market will fall. Once the billion yuan is withdrawn, next time
It will be difficult to cooperate again. I almost got a gastric ulcer when I drank with their major shareholder, so I finally signed this deal."
Vice President Sun has been in the industry for so many years, how can he not see clearly the current situation.
I am worried that if the news of the billions being withdrawn spreads, other big customers will also have objections, triggering a new wave of redemptions.
Su Yehao continued walking in the garden, thinking about what selling points he should use as a selling point to whet the appetite of these enterprise-level customers.
At first I thought of the concept of mobile terminal products.
Then I felt that it was still a bit far away for the time being. If I went directly to confront companies like Nokia and Motorola, they would only retreat faster.
Su Yehao would be a little reluctant to take out the Black Diamond mobile phone as a financing project, not to mention that the Black Diamond mobile phone is not profitable for the time being.
In addition to this, he also thought of real estate projects.
However, given the current level of economic income, housing prices of several thousand yuan per square meter in first-tier cities seem a bit high.
Even if Su Yehao personally released the news that some core locations could rise to 100,000 yuan per square meter, who would be willing to believe it?
After thinking about it, I suddenly thought of the casino business that Zhao Yimeng mentioned just now.
Su Yehao himself doesn't care much about the casino business, but it is still quite attractive in the eyes of others. If he can get a gambling license with the help of funds from mainland investors, he can avoid the capital from Las Vegas coming to the casino to make money.
Money can help 5S Asset Management Company overcome the current difficulties, so it seems worth trying.
When he thought of this, he suddenly asked Vice President Sun:
"You know that the casino is preparing to bid for six gambling cards, right? If we think of a way, can we let these big customers indirectly hold part of the casino business?"
"...I know, are you planning to invest in the casino business through 5S Asset Management?"
Vice President Sun's tone was full of surprise. He paused for a moment to digest it before continuing:
"There are a lot of issues involved here, but 5S Asset Management itself is technically a Sino-foreign joint venture registered in Hong Kong City, but its business is carried out through subsidiaries in the mainland. I want to ask experts in this field
Only then can I give you an accurate answer. If it can really be done, the big customers will definitely laugh from ear to ear. They like the most business that cannot be carried out in the mainland."
Su Yehao hummed and added:
"Also say hello to the China Securities Regulatory Commission. Remember to remind me that it is a combination of shopping, hotel, and cultural tourism. The casino is just... incidentally? At most, I have to go through a few more detours and sign an agreement. I will register an air company first.
The shell company obtained the gambling license, let the mainland company hold shares, and then financed the mainland company."
"Okay, okay! I'm going to ask for details now!"
…
Vice President Sun spent more than two hours asking this question.
After he called back, Su Yehao learned that it was extremely troublesome. It was almost impossible to directly use funds from mainland investors to participate in the gambling license auction.
However, it is possible to merge and reorganize the two companies with Chinese and foreign companies after backdooring. However, this will cause more things. Su Yehao has to pay for the preliminary preparations out of his own pocket. It is better to directly raise additional money from major customers and bypass the fund.
Supervision of the company before investing.
There is also a way to cooperate with a gaming company listed on the Hong Kong stock market, set up a company in the mainland, and indirectly hold shares through financing.
Anyway, after going around and around, Su Yehao was confused, so he took the initiative to call his acquaintances in Sijiu City and asked them if they could think of a solution.
After waiting for a long time, an acquaintance called and said that there are already regulations prohibiting mainland companies from participating in the gambling industry of casinos, and even prohibiting outside Chinese-funded companies from participating in the gambling industry of casinos. However, if a QDII type fund holds
There are listed gambling company stocks, but there is no express rule saying that this is not allowed.
If there is no express rule saying that it is not allowed, it means that investment is allowed.
After Su Yehao listened thoughtfully, he finally realized that he had been thinking about investing in foreign countries through private equity funds. In fact, qdii funds could invest in Hong Kong cities.
If you get more quota, you can hold shares indirectly.
This finally made him feel at ease, and he called Vice President Sun again and told him about investing abroad through qdii.
The problem is that the ownership of gambling licenses has not yet been settled, and there are no listed companies in the gaming industry that can be invested in the Hong Kong stock market. Moreover, the qdii fund has just been piloted and the quota is not enough.
I thought maybe in another two or three years, there would be new changes in the policy that would allow private equity funds to directly invest overseas.
therefore.
Su Yehao only asked Vice President Sun to greet the big customers and said that he would start a real estate development business in the casino first, and then try to hold some gambling company stocks. If he really couldn't keep the billion yuan, he would have to forget it first.
.
After Vice President Sun finished asking, he said that he could use part of the funds to invest in the casino. As expected, the big clients were particularly interested.
Now that the casino is going to issue new gambling licenses, the real estate industry will most likely increase.
The decision to withdraw capital before was because there was no reason to stay. Now that we know that Su Yehao plans to develop the real estate and gaming industries in the casino, the situation is different again...