Chapter 225 [Taking over foreign capital is a sign of mastering pricing power]
Lu Ming went to pour a glass of water himself, returned to his desk, sat down in the boss's chair, and said with a calm smile: "If foreign investors are going to let me manage the money, they must not only invest in overseas assets, but also invest in the A-share market in the future.
As for you saying that helping foreigners earn money from Chinese people will result in scolding, those scolding you are just short-sighted people, and I don’t want to scold such people."
Su Xiaoman stood elegantly motionless with her buttocks pressed to the side of the desk, her arms folded in front of her in deep thought, "I think I understand what you mean. If foreign investors leave their money to us, Tiansheng Capital, to manage it,
This means that we indirectly prevent them from repeatedly cutting leeks in the domestic capital market. The amount of foreign capital we control is equivalent to reducing the amount of foreign capital speculating in the domestic capital market."
If Big A wants to grow into a mature financial market in the future, it must gradually expand and open up foreign capital to invest. In fact, foreign investment capital is welcome, but speculative capital is not welcome.
Now it is just a small opening to strictly control the scale of foreign capital inflows. The main reason is that in the financial field, a large number of domestic institutions cannot compete with foreigners. How can they dare to let go? This gap must also be recognized.
The current main force in the domestic capital market is actually retail investors, because there are too many of them. An average account of 150 million retail investors worth 100,000 yuan is on the order of 15 trillion yuan. What's more, each retail investor can open multiple securities accounts, which is actually even larger.
Apart from anything else, at present, the extremely immature retail investors and basic citizens in the country have really allowed foreign investment institutions to come in, and the leeks have to be cut to pieces by foreign capital, and the roots of the leeks have to be completely cut up by foreign capital?
The current situation is a good example. Foreign capital is constantly increasing its holdings of core assets, but the vast majority of small retail investors in Big A still like to follow hot money and speculate on garbage, trying to dream of getting rich overnight and never wake up.
But they turned a blind eye to the real core assets and turned a deaf ear.
What is a core asset? In fact, it can be seen with the naked eye around Xiaosan every day. Milk drinks, ham, wine can be seen everywhere on supermarket shelves, as well as soy sauce, vinegar and cooking oil in every household's kitchen.
They all turn a blind eye to these core assets that can be seen everywhere in daily life. Instead, they like to speculate on concepts such as technology semiconductors and new energy. They claim to support the development of national science and technology, but in fact they are just betting on their short-term rapid growth and wealth.
The key is that I don’t understand. I only know that a certain company is in semiconductor technology, but I don’t know which subdivision of semiconductors it does. I don’t know if it’s an industry leader or an outsider, and I don’t know if it has real performance or is just a minor company.
Telling stories.
I felt that it was high-end, and the price went up very fast. Everyone was bragging about how good this ticket was, so I bought it, and then I got trapped. After I cursed a lot to vent my anger... I had it cut off.
Most of the small and medium-sized investors who occupy the mainstream market are such irrational and immature investors. How dare the management let in a large number of outside wolves?
The bones that were eaten in a matter of minutes would be worse than rotting in the pot. At least the wealth was not lost abroad.
When Lu Ming heard Su Xiaoman's words, he couldn't help but nodded and smiled: "You're right, entrust me with foreign capital's money to invest in the domestic capital market. This money can be transformed from the status of speculative capital into real investment capital.
The domestic capital market provides a financing function and prevents large inflows and outflows of foreign capital from causing severe fluctuations in the capital market."
Because as long as foreign investors entrust their money to Tiansheng Capital Management, if they want to make short-term huge profits, Lu Ming can only choose to use the money to go crazy. Obviously, it is impossible to do this. There are really foreign investors who entrust Tiansheng Capital Management, and this fund
It is to allocate A-share asset targets, and Lu Ming will only give them a stable profit return that belongs to the investment capital, rather than short-term huge profits.
Others may not be able to do it, but Lu Ming's level can do it. If we give you an annualized return of 20% to 30% of foreign investment in one year, it will not exceed this range too much.
As for doubling or even several times the return rate in a year, it is impossible in Big A. This kind of treatment can only be obtained by domestic LP institutions, especially social security funds, pension funds and other LP institutions.
But Lu Ming can also bring double the annual income to his LP foreign investors. After all, the higher the return rate, the excess performance commission income received by Tiansheng Capital will be higher. But the market has to change, not Big A, but US stocks.
Market-oriented major overseas capital markets.
In these markets, Lu Ming can definitely make as much profit as he can. It's other people's business anyway, so he can play whatever he wants, and it doesn't matter even if he gets ruined.
It's not my place anyway, so I won't feel bad.
At this time, Su Xiaoman looked at Lu Ming and said: "If you do what you say, it is impossible for foreign investors to hand over their money to Tiansheng. The return from your money management is not as good as their own management.
Why should I manage the money for you and pay additional management fees and performance commissions?"
Lu Ming immediately said: "Well said, when it comes to the core point of the conflict, let's lower their own rate of return and hurt them so that they can't make much money in the big A field and let them realize
Who has the final say here? Let them understand that if they want to make money steadily in this market, they must leave the money to Tiansheng Capital to manage it."
The answer is obvious. At the end of this year, foreign investors must not be allowed to run away. They must continue to stand guard on the top of the mountain.
Westerners, only if you treat them well and obey them will they recognize and respect you.
Just trying to reason with them is useless, you have to make them really feel the pain.
Su Xiaoman simply said: "Then I will reply to Goldman Sachs according to your wishes."
Lu Ming nodded: "Well, go ahead."
In the long run, if the country wants to develop and become strong and even become the world's largest economy in the future, it is inevitable that the RMB will become deeply internationalized and that global capital will participate in investment in the Greater China market. It is also the only way for the country. This is not
Based on personal will.
Tiansheng Capital’s acceptance of overseas LP institutions is conducive to the healthy development of the domestic capital market. This is a sign of mastering the pricing power of the capital market. As the scale of asset management becomes larger and larger, its influence on Big A is growing.
, Tiansheng Capital must assume the role of ballast for the entire domestic capital market to a certain extent.
Foreign capital took the initiative to hand over money to Tiansheng Capital to invest in Big A. Giving 10 billion is equivalent to losing 10 billion. Foreign capital is making waves in the market and repeatedly cutting leeks.
As for the development of Tiansheng Capital itself, introducing overseas institutions can better cut leeks in the international capital market.
After receiving the reply letter, Goldman Sachs Group quickly contacted the management of Tiansheng Capital by phone. Goldman Sachs Group will send senior executives from its headquarters to Ningzhou to discuss cooperation matters with Tiansheng Capital in person in the near future.
Although it is known that Lu Ming was involved in hunting and counter-sniping international short funds in the offshore exchange rate market last year, and Goldman Sachs also indirectly lost a sum of money, this does not hinder possible cooperation in the future.
Making money is not shabby.
Two days later, the heads of top overseas investment institutions sent to interview and cooperate with Tiansheng Capital flew to Ningzhou. It was not one Goldman Sachs Group, but three. The other two were Morgan Stanley and Carlyle Investment Group.
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(Ps: Please give me a monthly ticket and a recommendation ticket~)
