Chapter 625 I really impress you.

Chapter 625 I really impress you.

Anyone who has ever raised bees or herded sheep knows this.

As long as the queen bee or the head sheep is controlled, the rest of the little bees or lambs will be controlled and will go east or west when told to do so. They are very obedient.

As a former government-owned enterprise, there are still a large number of shares of Boshi Fund that are held by the government for a long time, and it is basically a public-private partnership.

Since the internal personnel structure is relatively complex, even the girl who is responsible for welcoming guests at the front desk, or the cleaning lady who cleans the toilet several times a day, may have some connections.

As an external controlling shareholder, if Fan Wumian wanted to firmly grasp the control of the Boshi Fund in a short period of time and avoid wasting a lot of time and energy on internal friction, the best way he could think of was to directly win over Wang Yu, the vice president.

That's why he would specifically make big promises and verbally write an eight-digit blank check.

Some things can't be said explicitly.

It can only be said that there is a reason why Vice President Wang was able to take over after several of the original management team fell.

Even though Fan Wumian was a major shareholder, he couldn't force Wang Yu to leave without a legitimate reason. At most, he could just transfer him to a sinecure.

The tens of billions of official social security funds managed by Boshi Fund are currently managed by Vice President Wang himself. If Fan Wumian wants to further increase the scale of managed social security funds, or strive to obtain a QDII fund license as soon as possible, he still needs his help.

Originally, he had some doubts about Fan Wumian's true ability. But after learning that Huifeng Bank had suffered losses of over 10 billion US dollars and might publicly write down its assets in the near future, Vice President Wang instantly overturned all the original strategic investment plans and was ready to do a big job.

Based on the conclusion that the US is about to face a subprime mortgage crisis, which will lead to the A-share market going on a roller coaster ride, Vice President Wang was in high spirits and continued:

"Stock funds need to invest more than 80% of their fund assets in stocks. If a company does not want to increase the proportion of stock investment, it can choose to submit an application to change the name of the stock fund to a mixed fund."

"Assuming that the A-share market is really about to usher in a bull market, then we need to prepare early. Once Huifeng Bank announces the write-down, the public will know the true situation of the subprime mortgage market, which will surely lead to a big drop, right?"

"For the purpose of risk aversion, I want to convert all stock and index funds into hybrid funds. It is easiest to cash out when the stock market is rising. At that time, I can replace customer funds with government bonds, high-grade corporate bonds, money market funds, gold, real estate investment trusts and other fields. Last year, the lowest return level of bond funds was around 5% to 6%. Even if both stocks and bonds are hit hard, at least the loss will be less than that of the stock market."

After listening carefully, Fan Wumian felt that Wang Yu was indeed quite capable.

Fan Wumian had never considered that things like Huifeng Bank announcing a write-down of tens of billions of dollars in assets and that its North American real estate business had major problems might cause a short-term panic in the stock market.

It was dark under the lamp, and he was only focused on watching the Shanghai Composite Index rise to more than 6000 points. He almost forgot that there were countless pitfalls in the process of the bubble rising.

Fan Wumian asked:
"I remember that the average daily turnover of A-shares recently was only more than 800 billion or 900 billion yuan. Boshi Fund manages more than 600 billion yuan. The scale is really too large. It is a bit difficult to avoid the negative news released by Huifeng Bank, right?"

Vice President Wang thought about it carefully and replied:
“You don’t need to cash out all of your positions, just close some of the high-risk positions.”

"By then, the company will have a large amount of funds, perhaps around 100 billion yuan, and it will be a good opportunity to pick up some cheap chips while the stock price plummets, and complete the adjustments of the holdings of various funds."

"If most stocks hit the limit down, but our company's fund only lost four or five points, it is very likely to attract another round of funds from the society. Unfortunately, we cannot operate abroad. The US stock market allows leveraged short selling, which is the real profiteering. As long as we seize an opportunity, the total return can be terrifyingly high."

Done.

Vice President Wang looked at Fan Wumian with envy. The shocking effect brought by the words "just borrowed 30 billion Hong Kong dollars" was really too great.

If he guessed correctly, he felt that even if Fan Wumian had not ambushed in advance, he was already prepared to short Huifeng Bank and other stocks of companies that were severely affected by the subprime mortgage crisis.

The mainland stock market has too many rules and regulations, which is relatively safe, but it also limits the performance of employees of asset management companies. Even if they received the letter in advance, Boshi Fund still could not carry out too many operations. It could only try its best to help the company and customers avoid risks, but could not profit from the decline.

Fan Wumian personally did not have this kind of worry. His funds were mainly concentrated in Hong Kong, which was one of the world's financial ports and could circulate freely without any restrictions. He did not even need to pay corporate income tax for the money he earned from overseas markets.

After listening to Vice President Wang, Fan Wumian glanced at the old gold watch on his wrist.

Although this watch is old, it is a Rolex 6062 that once belonged to Bao Dai, the last emperor of the Nguyen Dynasty of Vietnam. After seeing the news in a magazine in July last year, I bought it for $7. After maintenance, it still keeps accurate time.

He said to Vice President Wang:

"Well, the market just opened today. If you don't want to crash the market and cause a big stir in the short term, you can reduce your holdings and adjust your positions starting today. Gold, government bonds, real estate company bonds and the like are all good and suitable for short-term risk hedging. Don't make it public in the early stages."

Vice President Wang immediately said:
"I understand. It's just like Wall Street. If everyone is busy cashing out and running away, how can our company be one step ahead? I will tell the public that Mr. Fan has come to our company to recover funds and make appropriate adjustments. I will organize a meeting with all fund managers and investment managers later."

"The Spring Festival is in two weeks, and the market will be closed for the holiday. We don't have much time to prepare. Let's try to cash out today."

"One more thing. In order to cope with the upcoming crisis, do we need to save a little on our employees' year-end bonuses this year?"

"."

After listening to this, Fan Wumian was stunned for a while, not knowing whether to laugh or cry:

"There are less than 200 employees in total. What can you get out of them? Please come up with a bonus plan and show it to me. After all, Boshi Fund has made more than million this year. We can't treat everyone unfairly."

Thinking of his eight-digit reward, Vice President Wang secretly sighed that they were indeed a billionaire family and their style of doing things was indeed grand.

Even though this was only their second meeting and that the new chairman was more than 20 years older than Fan Wumian, Vice President Wang still felt that following this new chairman seemed very promising.

Let Wang Yu go and do his work first, while Fan Wumian looked around the office.

Boshi Fund is located in an office building in the center of Shenzhen. The 21st floor has been purchased in its entirety. Since many employees work in branch offices in other cities, there are only a few hundred people at the headquarters, making it very spacious.

After flipping through the information at hand, Fan Wumian went out to chat with other executives and employees for a while. He did not disturb their work and took a car back to the golf villa area.

Guo Biting has gone back to rehearse her new dance, and there is no one else at home.

When Fan Wumian heard Pu Jiajing mention that he was on the hot search again because of gossip, he was shocked and thought that someone was catching him by the tail.

After watching it on his laptop, he realized that it was the content he recorded with Britney Spears in Los Angeles a few days ago. After it was broadcast, people noticed that there was something wrong with the way Britney looked at him, and even suspected that the two were secretly in a relationship.

Worried that the matter would escalate and make the girls around him jealous, Fan Wumian typed:
——"I am really impressed by you. No matter black or white, you can unite and say everything is yellow. There is no distracting thoughts in your head all day long, only desires.

No wonder the Chinese people, who have always been reserved, have been able to shyly give birth to more than a billion people. Please be merciful and let me and my partners go. Stop making up dirty rumors about me. It will be so embarrassing to see Britney in the future."

Soon after I sent it out, I received countless “hahaha” replies.

Fan Wumian didn't pay much attention to it. He just wanted to find out what was new in the past few days, and before he knew it, more than two hours had passed.

Penguin Weibo uses a new algorithm and occasionally recommends people nearby. He also accidentally saw his female neighbor named "Canary" who lives next door.

Among them is a set of swimsuit photos of the other party on vacation at the beach in Formosa Province. She is wearing a bikini and has wine glass legs. Her figure is so hot that it makes people look at it again and again, and it is difficult to take their eyes away. (End of this chapter)