Chapter 252 [One brother was bought by you (62/93)]
July 10, Monday.
In the CEO's office, the general assistant Han Qiulin stood quietly with her hands in front of her body. Lu Ming sat at the desk with his back against the boss's chair, facing Han Qiulin sideways.
At this moment, he was reading a report she handed over in his hand.
This material was handed over by the Tiansheng Global Pioneer Hybrid QDII Fund Operations Department. From the close of last Friday to the weekend and now, the subscription funds to be confirmed suddenly increased by 220 billion.
"Christians are really rich!" Lu Ming, who was browsing the materials, couldn't help but say with emotion.
Domestic citizens are really rich, and 220 billion is not the most shocking number. According to the asset management business statistics released by the Investment Fund Industry Association, preliminary statistics show that fund management companies and their subsidiaries, securities companies, and futures companies
, the total scale of the asset management business of private equity fund management institutions is approximately 53.6 trillion yuan, and there are 4,952 public funds of public fund management institutions, with a share of 11 trillion yuan and a scale of 11.6 trillion yuan.
11 trillion compared to 220 billion, it doesn’t seem like much at first glance.
But in fact, this is a quite astonishing figure. This 220 billion subscription funds is equivalent to 2% of the total scale of public funds in the country. There are nearly 5,000 public funds in the country, and one company accounts for 2%. This is quite terrifying.
Proportion.
It is impossible that all the 220 billion funds subscribed by the citizens were OTC funds. It is possible that a large proportion was redeemed from other funds they held and then bought the Tiansheng Global Vanguard Hybrid QDII Fund.
For other public funds, they will face huge redemption pressure and have to sell their stocks for cash to redeem funds for the people.
As expected, today's market is bound to be volatile, and there will definitely be divergence in funds!
Lu Ming closed the materials, thought for a moment and asked: "How much QDII quota has not been used up?"
Different from mainland public funds, QDII, as an open-ended public fund for qualified domestic investment institutions to invest in overseas assets, is subject to foreign exchange quota regulations. The current total quota for all QDII funds nationwide is US$90 billion.
Tiansheng Global Pioneer Hybrid QDII was initially allocated a quota of US$2.2 billion, which meant that it could only exchange domestic currency for up to US$2.2 billion to invest overseas. In the second half of last year, it applied for a new quota from the Administration of Foreign Exchange and received approval, and obtained the quota.
The quota has risen to US$5 billion, making it the single fund with the highest allocation quota among the 87 QDII funds.
Of course, it is also the most profitable QDII fund. Because it can earn more foreign exchange, it will naturally be able to get more quotas approved.
However, the QDII quota will not be approved until the new quota is applied for.
Han Qiulin replied: "Our QDII fund currently has a quota of US$3 billion that has not been used up."
"That means we can still bring 3 billion US dollars overseas, which is about 20 billion yuan according to the current exchange rate..." Lu Ming said to himself, thought for a while, then looked at Han Qiulin and ordered:
"In this way, you go and inform the people in the fund management department that we will only receive 20 billion of this batch of subscription funds to be confirmed. We will draw and confirm 20 billion at any time through internal lottery methods, and the remaining excess subscription will be returned to investors in full.
, and make an announcement, and at the same time close the subscription channel and open the redemption.”
The 20 billion subscription funds are exactly about 3 billion US dollars. After the share is confirmed, the quota will be used up, and the subscription channel can only be closed.
For the QDII fund, even if Lu Ming wanted to take over the more than 200 billion yuan, there was nothing he could do. To invest in overseas markets, you have to exchange currency. This is strictly controlled, and it does not mean that you can spend as much as you want.
If QDII funds do not have strict foreign exchange quota restrictions, wouldn't they become a channel for domestic capital to transfer overseas?
Moreover, the QDII fund license is not that easy to obtain, and the QDIE fund license is even more difficult, but Tiansheng Capital has both, and the quota is the first.
The quota of Tiansheng QDIE Fund is now useless. Overseas assets are currently profit-making. The previous US$5 billion principal has long been returned, and Qiwei has brought back US$10 billion in profits last quarter.
As a result, another US$100 of profit capital will be brought back to the country this quarter.
After receiving Lu Ming's order, Han Qiulin went to notify the people in the QDII Fund Management Department. Currently, the person in charge of this area, Qi Weiren, is leading a delegation to conduct research in North America. Lu Ming could only temporarily handle the management of the QDII Fund. Originally,
Just as a fund manager.
However, Lu Ming will not watch the night market. The QDII fund also has a team to manage it. Just select the investment target and let the fund assistant execute it.
At this moment, Lu Ming took a look at the current position status of Tiansheng Global Vanguard Hybrid QDII Fund through the internal system. After accepting the 20 billion subscription funds, he had to allocate corresponding stock assets.
QDII funds cannot invest in anything as diversified as QDIE. QDII funds mainly focus on unilateral long positions.
It took Lu Ming about half an hour to find a home for the 20 billion funds he subscribed for. He kept the constituent stocks held by the Tiansheng Global Vanguard Hybrid QDII Fund unchanged and selected 15 new targets, namely:
Allocate the 20 billion funds that are about to be confirmed, equivalent to about 3 billion U.S. dollars, to these investment targets. After that, send Han Qiulin to the QDII Fund Management Department, and let the fund assistant open positions on these investment targets according to the allocation ratio and the buying range price.
Most of these tickets can be held for a long time, and you will have to wait until the beginning of next year at the earliest to adjust positions and exchange shares. They are all medium and long-term investment targets. If they are not ultra-short-term, you don't need to personally monitor the market. A slight deviation in the price is not a big problem.
…
In the afternoon, it was said that the subscription for Tiansheng Enchantress was turned down and switched to the Tiansheng Global Pioneer Hybrid QDII Fund. The Malatang-eating buddy took advantage of the break today to take a look at the fund situation.
I clicked on the QDII fund and took a look. I had already subscribed last Friday night, but the share had not yet been confirmed. It could only be confirmed after the market closes at 15:00. The calculation of the income would have to wait until Wednesday. This is the trouble with the QDII fund.
"Fuck!"
The man clicked into the comment section of this fund and took a look. His original comfortable mood suddenly disappeared and he couldn't sit still.
At this moment, the comment section he saw was all discussing the announcement just released by this fund at noon.
"Niubi, I'm really convinced by you, 220 billion subscription, how crazy are you..."
"No wonder the market is so volatile today. Many people must have redeemed funds to subscribe for QDII."
"Okay now, QDII has also been bought up by you, so subscriptions have been suspended!"
"What does the announcement mean? Why did we draw lots for 20 billion? Why didn't they all accept it? Let the class representative come and say it."
"Brother Yi will always be a god!"
"Other funds are eager to subscribe as much as possible, but Yi Ge is better. Don't dislike too many, haha~~"
"The announcement states that Global Vanguard's mixed QDII quota only has 3 billion US dollars left, so it can only accept about 20 billion US dollars. QDII funds need to exchange currency, and foreign exchange controls are very strict. The total quota for this chicken is 5 billion US dollars.
2 billion has been used up, and now the last 3 billion has been used up, so of course we can only close the subscription channel."
"This generation of Christians is so crazy, even Brother Yi said he couldn't stand it, haha!"
"So, the final step is to draw lots?"
"Yes, whether you can get on the bus in the end, you have to fight against the European Emperor and the African Chieftain."
"Ma De, buying a fund is like buying new stocks, I'm sorry!"
"What else should I do? This is relatively fair."
"Why am I always the last one to know the password to wealth...[crying loudly]"
…
The man who was scrolling through the comments section felt very depressed and felt bad. He thought he had not been able to get on Tiansheng Yaoji's car, but the QDII Fund's car was firmly on the road. But now he was told that it might not be possible and it depends on his face.
At this moment, the market had closed, and the man looked at the base number of 220 billion and had no hope of winning the lottery.
But just when he had the idea of giving up, he suddenly received a text message.
Astonishingly, it was a text message sent by Tiansheng Fund Company. To be precise, it was a text message sent to him by Zhifu Bao Ant Fund. When the man clicked on it and took a look, he was stunned on the spot.
"Fuck, am I hit?"
When I reacted, I was overjoyed on the spot.
"Haha, I've been possessed by this damn European Emperor, Ness!!" The man said to himself excitedly: "Nice, I just gave up the idea and was possessed by labor and management. It's true that you can't get what you ask for, but you can get something if you don't ask.
Proceeds!”
In this random drawing, the fund management department puts the subscription accounts to be confirmed into a basket, and then asks programmers to help randomly select the subscription accounts among them.
Quite simple.
Originally, the fund management department could proactively choose to confirm the account subscription funds. After all, this is not a new stock issue. How to confirm the share is decided internally by the fund management.
Subscription funds for accounts that are not drawn will be automatically refunded the next day.
At this moment, other Christians who won the lottery also received text message reminders one after another. When they saw that they had won the lottery, they all cheered happily and went to the comment area to express their feelings.
