Chapter 099 [QDII and QDIE, the beginning of overseas layout (1900
"Nominate me to the board of directors?" Yao Yun was a little surprised and flattered when he heard his decision, and immediately added: "It's a little inappropriate, isn't it?"
Lu Ming said with a smile: "I can't nominate a director who comes up to oppose me. He opposes the things I agree with, and he agrees with the things I oppose, right?"
Yao Yun smiled unexpectedly upon hearing this, but did not object.
Lu Ming added: "The legal department can be said to be one of the core departments of the company, and it will also be the busiest department in the future. As the company expands, Tiansheng Holdings will have more and more investment targets. You are very
You must have a seat on the board of directors, unless you don't want to follow me."
Lu Ming highly recognized the chief lawyer's abilities. She managed the company's legal team in an orderly manner. With her around, Lu Ming could sleep peacefully on all the legal issues the company faced.
Hearing this, Yao Yun looked at him with a smile: "You will leave a company with unlimited potential and a founder with unlimited potential only if you have a pit in your mind. What's more, the salary is so generous when you first come here. If Mr. Lu doesn't fire me, I will always follow you."
Dry."
Lu Ming replied with a deep smile: "Then you are in my hands for the rest of your life."
After hearing this, Yao Yun couldn't help but feel a little weird in her heart.
Quickly putting aside the other thoughts in her heart, Yao Yun looked at Lu Ming and said with a smile: "If there is nothing else, I will go and do it first."
Lu Ming nodded: "Thank you for your hard work during this time."
Tiansheng Capital's reorganization and backdoor listing will also require some twists and turns, but Lu Ming is different now from before. His connections have already improved, and his current "circle of friends" is very strong.
In the domestic capital market, investment companies are generally subsidiaries of listed companies. According to relevant regulations, if the issuer’s net profit as an investment company does not mainly come from investment income outside the scope of consolidated financial statements, the investment company
IPO applications will not be restricted.
Judging from this regulation, it is difficult for Tiansheng Holdings to go public. However, Lu Ming has no intention of going through the IPO process at all, so he does not need to pay attention to this regulation.
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The biggest guarantee for an investment company to go public is that there are no legal obstacles. All that remains is to achieve a reasonable listing. Through backdoor listing, the subordinate entities must have a cash dividend system to ensure that the listed parent company has sufficient cash flow and performance response.
Fundamentals.
The next important task is to find a suitable shell resource.
To go public via backdoor listing, you must first find the shell, obtain control of the shell company, and reorganize the assets of the shell company.
Reorganization mainly involves two aspects: placing the assets and liabilities of the backdoor company and placing out the original assets and liabilities of the shell company.
If Tiansheng Holdings wants to go public through a backdoor transaction, it must replace all the assets, liabilities, and corresponding businesses and personnel of the backdoor target. The key point of these is... to spend money.
Asset and liability placement means placing all or part of the assets, liabilities and corresponding businesses and personnel into the backdoor object, so that the surviving enterprise is a backdoor enterprise. According to the listing ratio of the assets of the backdoor company, it is divided into overall listing and non-integration listing.
The last thing to consider is the direct costs of going public and potential backdoor costs.
"Come in!"
Lu Ming was using the market software to look at shell resources when he heard someone knocking on the office door and responded casually.
Glancing out of the corner of his eyes, he saw Su Xiaoman walking in.
"The company's QDII and QDIE outbound funds have been processed in compliance with regulations." Su Xiaoman came in and sat down lazily on the single sofa next to him, and added: "Cailian Securities passed the Tiansheng Fund and was approved.
Pilot qualification for overseas investment by domestic investors, also known as QDIE qualification, Cailian Securities is also one of the first securities firms to obtain this pilot qualification."
Lu Ming couldn't help laughing when he heard this: "Looking at your tone, Cai Lian Securities is selling you face?"
Su Xiaoman used to work as an account manager in a sales department under Financial Lian Securities, and now he has become the general manager of Tiansheng. His status is different from what it used to be.
Since the completion of the backdoor establishment of Tiansheng Fund, fund applications for compliant funds to be exported abroad have also been launched. The review can be said to be relatively slow. The country is now tightening the capital situation and controlling it more and more strictly.
QDII, which stands for Qualified Domestic Institutional Investor. To put it simply, it raises funds from domestic investors and then invests them in global stocks, bonds and other securities markets. It can also target non-specific groups and can be purchased through fund platforms such as Zhifu Bao.
QDIE, which stands for Qualified Domestic Investors Overseas Investment, is an investment management institution that raises funds from mainland investors and invests in overseas investment management institutions upon approval by relevant domestic departments.
QDIE is a new way for domestic institutions to invest overseas after QDII. Compared with the latter, QDIE has the advantages of wider investment scope and more flexible investment quota.
As of this year, domestic QDII funds have been established and operated for one year, and there are only 107 related funds calculated according to different categories.
The average net value growth rate of the 107 QDII funds is that there are less than 40 fund products with positive annual returns so far, and only 10 have earned more than +10% this year.
To put it bluntly, this kind of data means that foreigners send money to them, and domestic institutional investors cannot compete with foreigners in overseas markets.
The most important thing, and what Lu Ming cares most about, is QDIE. It is definitely a rare breed and is still in the pilot stage. It is not easy for Tiansheng Fund to get a quota.
At first glance, the village chief's idea seems quite simple. Aren't you, Lu Ming, very capable? Aren't you very capable of making waves in the capital market? Put it in overseas capital markets and do whatever you want!
So Tiansheng Fund was given a QDIE pilot quota.
Lu Ming thought for a moment and then made a final decision: "The QDII Fund will release the recruitment documents as soon as possible. It is expected to raise about 5 to 10 billion yuan in funds. The name will be called 'Tiansheng Global Pioneer Mix'. This name will awaken some investors."
expect."
Tiansheng Pioneer Mix!
In the second half of this year, this name was so popular among both Christians and stock investors that people in the world gave it the nickname "Tian Sheng Enchantress".
Tiansheng Fund is now going to issue "Global Pioneer Mix". With the reputation and appeal accumulated by "Tiansheng Enchantress" in the past, seeing the words "Pioneer Mix" will definitely arouse a lot of enthusiasm.
Raising tens of billions should not be a big problem, and converting it into U.S. dollars is about 1.57 billion U.S. dollars.
Lu Ming added: "The focus is on QDIE. We can exchange 5 billion US dollars directly from the current liquidity within Tiansheng Capital. We can make a big fortune overseas in the last quarter of this year. Then this year will be a perfect ending."
Tiansheng Capital currently has close to over RMB 50 billion in liquid cash, which has been sitting around for quite some time. It has been lying around without finding a place for them to live. It is depreciating every day, which is also a big loss.
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