Shenhao started as a military training anchor

Chapter 1050 The Birth of Asia's Largest Private Equity Fund

The reason why the major royal consortiums in the Middle East gave face to Holly and allowed him to attend the Riyadh International Financial Summit was not entirely because of Holly's generous assistance to the Middle Eastern countries.

There is another very important reason. Holly is indeed a very influential figure in the global financial circle.

He owns a private equity fund called Shunwei Capital, which manages over one trillion RMB in funds. The fund is unique in China and also among the top in Asia.

There are three fund companies in China with a scale of one trillion RMB, among which E Fund and Tianhong are both public funds.

Only Shunwei Capital is a private equity fund.

The major shareholder behind E Fund is the He family of Midea Group, and the major shareholder behind Tianhong Capital is Alibaba. Tianhong Capital is also the fund manager behind Yu'ebao.

The entry thresholds for the two public funds are very low, and ordinary people can enter the market with just ten yuan, so the supervision is very strict to ensure the safety of public assets.

But private equity funds like Shunwei Capital are different, as they absorb money from wealthy people.

The threshold is as high as one million.

It manages the wealth of the world's wealthy, universities, consortiums, sovereign funds of various countries, etc., and has relatively low supervision.

Liquidity is high, risk is high, but incentives are also high.

Before establishing a Chinese consortium to absorb the wealth of wealthy Chinese, Shunwei Capital's fund management scale had already reached RMB 300 to 400 billion.

When Holly set up two international companies in Hong Kong and Singapore, he absorbed wealth from wealthy Chinese people around the world and the scale of fund management skyrocketed.

The two international companies have developed steadily. After two years of accumulation, all assets managed by Shunwei Capital have exceeded RMB 1 trillion.

No. 1 in the country.

But it is still far behind the world's well-known private equity funds.

BlackRock of the United States manages $8.59 trillion in assets.

Blackstone manages $1.08 trillion in assets.

KkR manages $5280 billion in assets.

Carlyle manages $4260 billion in assets.

...The assets managed by Shunwei Capital are only over 1400 billion US dollars in US dollars, ranking less than the top ten in the United States and 60 times less than the number one BlackRock.

Last year, the size of the global capital market reached 80 trillion US dollars. If financial derivatives are included, the size of the entire financial industry market exceeded 500 trillion US dollars.

Among the open-end funds, which are the most important in capital market allocation, the United States accounts for almost half.

Among this half, the vast majority of assets belong to the seven major families.

The Rothschilds, the Morgans, the Rockefellers, the Adams...

Either they are Jews or politicians and consortiums that have close ties with Jewish consortiums.

With this comparison, we can see how strong the Jewish consortium that Holly has to compete with is.

The Chinese consortium he leads + Eastern political capital may be able to compete.

But if he were to fight alone, Holly's strength was far from enough.

So on the one hand, he constantly pursues technological innovation and opens up new business territories.

On the one hand, expand the scale of fund management and further enhance one's voice in the financial market.

In the end, Eastern political capital will provide a guarantee and gradually change the global financial rules.

To be honest, this is more difficult than doing cutting-edge scientific research.

But judging from the current results, at least Holly has caused a lot of trouble for his opponents. His opponents have even become anxious and have tried to get rid of him many times.

At today's Riyadh International Financial Summit, under the attention of the global media, Holly chatted on stage with representatives of several major royal families in the Middle East about the financial industry.

Summarize experience and look forward to future cooperation.

Express your opinions.

On the surface, it was a very formal financial summit, discussing topics related to finance.

But that is not the main purpose of this summit.

The performance on stage is for the United States and the West to see, in order to conceal the truth.

It was only at a private dinner backstage that the topics of finance and regional stability began to be discussed.

Hawley expressed his attitude very directly, which is to break the opponent's financial monopoly and allow third world countries to have a say in finance.

Only by putting the financial lifeline in the hands of each region can regional stability be achieved.

Stability is the prerequisite for economic development.

This topic is very big.

The royal representatives present looked at Holly in shock. They knew that Holly had ulterior motives in organizing this summit, after all, his struggle with the Jewish consortium was already head-on, but they did not expect Holly's ambition to be so big.

Trying to restructure the global financial system.

To be honest, no Middle Eastern royal family would dare to even think about such a thing.

But now someone has stood up, and he is a capitalist from a big Eastern country.

Calling them to join, they fell into thought.

The first thing that comes to mind is the regional situation.

Many feelings and inspirations will naturally arise in your heart.

If Hawley can really accomplish this feat, not only the financial situation but also the global political situation will undergo tremendous changes.

Obviously it is very beneficial to the Middle Eastern countries.

Hawley has not made any other harsh demands for the time being, he just wants to deepen cooperation with the royal assets.

From a business perspective alone, Holly has indeed brought huge profits to the royal families in the past few years.

No one would question his ability.

only……

Just when all the representatives were undecided, Saudi Crown Prince Salman walked into the box and greeted everyone.

Walked towards Holly and smiled at Holly.

Then he faced all the representatives and said, "Dear royal family members, this morning on behalf of the Saudi royal family, I held a new round of discussions and negotiations with royal dignitaries from various countries on the topic of establishing a self-defense counterattack alliance to protect regional stability and security.

Now I can tell you that the proposal has been unanimously approved.

It will be implemented soon.

This is our first and very important step towards regional stability and prosperity.

Next, Mr. Huo will take the second step with us.

Here, on behalf of the Royal Assets Committee, I announce that we will continue to carry out in-depth cooperation with Mr. Huo.

Hand over 300 billion US dollars of assets to Mr. Huo for management. "

There was an immediate exclamation in the box.

300 billion US dollars is not a small amount.

Moreover, everyone is aware of the high risks of private equity funds.

Regardless of whether you make money or not, when you decide to give money to others, you have to bear the risk of loss yourself.

The Saudi royal family's move shows a strong gambling mentality.

But looking back at the military cooperation between the Saudi royal family and Holly, it was also a gamble.

From a broader perspective, if Arab countries want to achieve military, economic, and other independence, they can only "gamble".

In the past, they gambled by themselves, but now there are people betting with them, which, to some extent, increases the chances of success.

Holly followed up on what Little Salman said and added, "Dear royal representatives, I have something to say to you from the bottom of my heart.

Only when you are strong can you have a say, and you should never rely on others for your fate.

The invisible hand of finance is vital to all countries.”

This sentence is very inspiring.

Everyone present thought of the heroic leaders who had emerged from Arab countries in the past.

Staring at Holly with admiration.

Dubai Royal Family Representative: "Mr. Huo, I have benefited a lot from today's financial summit. I believe our future cooperation will become closer and closer."

Qatari royal family representative: “Mr. Huo, your words are very inspiring and remind me of the great leader of our country.

I am also looking forward to the arrival of a new order in the Middle East.

The Qatari royal family is very willing to carry out in-depth cooperation with you."

...Several major royal consortiums expressed their opinions one after another, and a smile appeared on Holly's face. Once the written agreement is signed, Asia's largest private equity fund will make a global sensation.

Once again, it made Holly's opponents nervous.

(End of this chapter)

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