Reborn, back to a small county town to become a wealthy family

Chapter 833 Continuous Rewards

Luo Yang's attempt immediately put immense pressure on Zhao Pengcheng.

"Chairman, what is the annual return offered by this product?"

The currency mentioned earlier is the local currency, which clearly indicates that the investment is intended for the domestic financial market. Given Gray Rhino Capital's current capabilities, achieving a long-term annualized return of 10-13% would be considered an exceptional performance.

Don't be fooled by the seemingly high return of 10% to 13%; the key issue is that the fund company charges a 4% management fee.

"Are you stressed?"

Luo Yang laughed when he saw Zhao Pengcheng's expression.

"Don't worry, this fund product is for the group's investment department to raise funds, and the group will provide corresponding guarantees."

"Is it for investing in projects?"

Hearing this, Zhao Pengcheng's expression relaxed considerably.

The group's investment department likely wants to raise this money because it has its eye on several startups. Judging from the amount of funds to be raised, these startups should be in the Series B or Series C funding stage, and their potential has been initially recognized by the market.

Normally, startups that receive Series B or C funding will eventually achieve a return of no less than 3 to 5 times, and the investment cycle is generally around 2 years.

Of course, there are also cases where investments fail or returns are lower than expected.

Investing involves risk, whether in the stock market or the venture capital industry; this statement holds true.

"That's it."

Luo Yang nodded: "The annualized return is set at around 13% to 15%. We'll discuss the specifics with Vice President Song later. As for the launch time of the fund, I think it's better to wait until the Gray Rhino has made a name for itself and then strike while the iron is hot."

"I also think so."

Zhao Pengcheng smiled and said, "If we start now, given Gray Rhino Capital's reputation in the industry, let alone 3 billion RMB, it would be quite difficult to raise even 30 million RMB."

"That shouldn't be the case, right?"

Upon hearing this, Luo Yang was taken aback: "I remember that Gray Rhino Capital's returns in the first half of the year were quite good."

Putting aside the impressive financial data for the second quarter, Luo Yang's "advice" to Zhao Pengcheng at the beginning of the year resulted in at least a 50% return on the stocks and bonds that Gray Rhino bought in the first half of the year.

In addition, there is a short-term trading component. Normally, the company sets a monthly profit target of 3.5% for each of the investment groups. Although not every group can achieve this target, some groups always exceed it, and the other groups also fluctuate around 3.5%.

Don't think that a monthly profit of 3.5% is low. You should know that there are 12 months in a year. Accumulated, the annualized return will be as high as 42%.

Of course, costs must be factored into this revenue, because from the most junior investment staff to team leaders, investment managers, and investment directors, each level takes a cut of the profits as bonuses, so the company ultimately only gets about half of it.

"Chairman, these are our internal financial data; no one outside will know about them."

Zhao Pengcheng cautioned, "We will only issue the audit report at the end of the year."

"Boss, the audit report is what you call the four tables."

Knowing that Luo Yang wasn't very familiar with this, Chu Jing added, "These four statements include the balance sheet, income statement, statement of changes in equity, and cash flow statement. They need to be submitted to the regulatory authorities every year, and of course, they also need to be submitted to the tax bureau every quarter, which also involves these four statements."

"I understand."

With this explanation, Luo Yang understood.

"In the next few days, organize the four forms submitted to the tax bureau for the first two quarters and give them to Chu Jing."

After instructing Zhao Pengcheng, Luo Yang turned to Chu Jing: "Contact Dong Xuan and show her the four financial statements from the first two quarters of Gray Rhino. Also, ask her if providing this data to banks might attract them to hold one or two internal referral meetings."

Zhao Pengcheng's eyes lit up immediately.

"Chairman, I almost forgot that you have quite a few connections in the banking industry."

He slapped his forehead and said, "If two or three larger banks were willing to make internal recommendations for us, given Gray Rhino's performance in the first two quarters, plus an annualized return of 10% to 13%, we would definitely be able to raise a lot of funds."

"Boss, Yongcheng Bank's influence and scale in Shanghai are still a bit small."

Chu Jing then added, "The larger banks that President Zhao mentioned earlier must be at least at the level of Shanghai Pudong Development Bank. Only banks like theirs have enough high-net-worth, high-quality clients."

After all, as Luo Yang just mentioned, the total amount of funds that this private equity fund aims to raise is as high as 30 billion RMB, which would be somewhat difficult for a financial institution of the size of Ningbo Bank.

"You underestimate Yongcheng Bank."

Luo Yang smiled and said, "They may be a bit weak in Shanghai, but don't forget where their headquarters are. I remember last year, Mr. Guo from Fosun Pharmaceuticals wanted to raise several billion yuan, so he went to eastern Zhejiang and reached some agreements with Ningbo Bank. He then successfully raised the money."

"Yes, how could I forget the power of private capital in eastern Zhejiang?"

Zhao Pengcheng clicked his tongue and said, "Half of the money in our first private equity fund came from Zhejiang. At the Wealth Code party hosted by the chairman last time, if the share allocated to Zhejiang hadn't been so limited, we could have easily doubled the amount of funds raised."

"Once the first fund product is redeemed in December, the product will have established its reputation. It shouldn't be too difficult for Zhejiang East to take on a share of around 300 million US dollars when it raises funds again at the beginning of the year."

Luo Yang smiled and said, "As for Shanghai, there should be quite a few people who regret it, so the next fundraising should be easier."

He was still somewhat resentful about the outcome of the last fundraising attempt.

Of the 5000 million US dollars allocated to Shanghai, 2000 million US dollars were ultimately purchased by Yang City with the endorsement of his father-in-law, 500 million US dollars were privately purchased by two senior executives of Ningbo Bank, and only 1800 million US dollars were actually absorbed by the high-net-worth clients invited by the bank.
After Luo Yang said this, Zhao Pengcheng and Chu Jing both smiled knowingly.

"Alright, besides the matter of the US crude oil futures market, is there anything else you need to report?"

Before I knew it, an hour had passed.

If there was nothing else, Luo Yang planned to return to the group first. He had to hold the second round of negotiations with Yongcheng Bank in the afternoon, and he planned to communicate with the negotiation team first, especially regarding some professional data, so that he would have a clear understanding before the negotiations began.

"The preliminary preparations for the two fund products from SanTai and Sunshine have been completed."

Zhao Pengcheng suppressed his smile and reported seriously, "Now we're just waiting for when you have time to invite Mr. Fu from Santai and Mr. Wei from Sunshine to Gray Rhino so we can all sit down and sign the agreement."

After Dong Xuan's nagging, Luo Yang didn't take this matter so seriously anymore.

However, it is also of great importance to Zhao Pengcheng and the Gray Rhino.

The two companies each raised 5 million yuan, totaling 10 billion yuan. The product cycle is two years, offering an annualized return of 15%. Gray Rhino can collect a 4% management fee annually, amounting to 4000 million yuan per year and 8000 million yuan over two years. Given the current real estate market conditions, the project risk is very low; this money is practically free.

Moreover, as the general manager of Gray Rhino Capital, Zhao Pengcheng can enjoy a 1.5% bonus on the company's project revenue. Just by making this one deal, he can get an extra 60 yuan in bonuses every year. How could he not be enthusiastic?
"Have all the paperwork been completed with Shanghai Pudong Development Bank?"

Luo Yang looked at Zhao Pengcheng with a smile and asked, "What is their fee rate?"

“The central bank made an adjustment in July this year, setting the interest rate for commercial loans with a term of 1 to 3 years at 6.15%. However, I talked with the Pudong Development Bank branch in Minhang District no less than five times, and finally settled on 6.05%.”

Zhao Pengcheng honestly replied, "These two fund products are also sold through their bank. The annualized return offered to clients is 4%, of which 0.5% goes to the counter tellers and account managers who sold the products, and the remaining 0.45% is for flexible use."

"Hmm, I see."

After thinking for a moment, Luo Yang looked at Chu Jing and said, "I'll give you a chance to earn some extra money. You'll be in charge of contacting General Manager Fu of San Tai Real Estate and General Manager Wei of Sunshine Real Estate. You'll be responsible for following up on the process until the contract is signed. All the procedures will be handled by you. As the project liaison, you'll receive a 0.3% bonus."

This project was secured entirely through Luo Yang's connections. Normally, as the middleman, he would receive a bonus or commission.

But the company belongs to him, so there's no point in discussing this further.

Doing this now is tantamount to sharing some of the credit with Chu Jing.

Although it's only 0.4%, based on the 4% management fee, she could still earn 16 yuan a year, which would add up to 32 yuan over two years. Given her situation, Zhao Pengcheng would definitely give her the whole amount at once.

Anyone would be happy to win a 32 yuan bonus for free.

Chu Jing was indeed pleasantly surprised and immediately stood up excitedly: "Boss, I will definitely cooperate with President Zhao to get things done!"

Zhao Pengcheng became increasingly certain that the relationship between Deputy Director Chu and the Chairman was absolutely just that of superior and subordinate.

"The remaining 0.05% will be distributed among the staff involved in this project."

Luo Yang said to Zhao Pengcheng, "Let's boost everyone's enthusiasm and make the employees realize that even if it's not a project they brought in, there are rewards for active participation and hard work."

Organizing materials, handling procedures and liaising with banks, and coordinating with two real estate companies all require someone to do the work.

After tens of thousands of points are distributed, each employee who participated in the work can receive several thousand yuan in bonuses.

In 12 years, this was a considerable sum of money.

The three of them talked for another twenty minutes or so in Luo Yang's office before they finished.

A little after 11:30, Luo Yang walked out of the Gray Rhino.

"Thank you, boss!"

After getting off the elevator, Chu Jing, who was following behind Luo Yang, quickly caught up with him and bowed slightly.

Chu Jing currently earns a monthly salary of nearly 3 yuan. Although Wen Wan has set up a special subsidy fund in the board office, which provides her with an additional 3 yuan per month, she hasn't received any extra money from Luo Yang.

Of course, she and several other girls in the board office were somewhat special.

Firstly, in terms of career planning, they are all top students who graduated from prestigious universities, so their abilities are not a problem. Moreover, working in a department like the board office, they deal with matters collected from the group and its various subsidiaries every day, so the learning experience they can provide goes without saying.

Having gained such experience, and with Luo Yang willing to give her a chance, even if she can't manage a company like Wen Wan in the future, she can at least become a senior executive in a subsidiary, earning an annual salary of millions, or even several million, which is not a problem.

Moreover, receiving special subsidies from the board office does not necessarily mean they have to become Luo Yang's women.

However, Wen Wan had already established a rule that during their tenure in the board office, in addition to abiding by the company's rules and regulations, they also needed to remain single. If the boss wanted them, they could not refuse; if the boss did not have that intention, they could choose not to take the initiative.

For these reasons, Chu Jing never considered asking Luo Yang for anything.

But as a girl from out of town, she also wanted to settle down in Shanghai, have her own house, her own car, and a high-income job that could meet her standard of living.
So the sudden influx of 32 yuan was indeed a big surprise and delight for her.

"Have you bought a house in Shanghai?"

Having received the expected emotional feedback, Luo Yang was in a good mood, so he casually asked this question.

"Where would we get that much money?"

Chu Jing immediately replied, "I graduated from school only a few years ago. When I first started working, my income was barely enough to cover my expenses in Shanghai. It only started to get better after I joined your company. Unfortunately, it hasn't been long and I haven't saved much money yet. I'm currently living in an apartment rented by the company."

"Does the company provide housing?"

Luo Yang paused for a moment: "Such good treatment?"

"Uh, only the board office offers this treatment."

Chu Jing blushed slightly: "The house was arranged by Director Wen. I'm currently living with Su Jin."

"You live with Xiao Su?"

Su Jin accompanied him to the Science and Technology Park yesterday. This girl graduated from the Journalism Department of Fudan University and is now in charge of the group's external public relations and media.

"Yes, it's a two-bedroom apartment, with one room each for me and Su Jin."

Chu Jing replied, "We used to live in Pudong, which was too inconvenient for commuting. Now, Director Wen has rented a place for us that is only two subway stops away from the company. Just because of that, we can sleep an extra half hour in the morning."

"Yes, Not Bad."

As Luo Yang walked toward the car, he said, "But we still need to buy a house as soon as possible, while prices are still relatively cheap now; they'll only get more expensive in the future."

He's right. It's been 12 years now. Even though the real estate market has declined and Shanghai's housing prices have fallen a lot, the prices back then were still much higher than they are now.

"Even if I have the money, I need to solve the problem of being eligible to buy a house first."

Chu Jing looked helpless and said, "Boss, Shanghai has purchase restrictions now. People with non-local household registration need to meet certain qualifications to buy a house. Based on my current conditions, it will take more than half a year to meet the requirements."

She is a graduate of a prestigious university and is currently employed and paying social insurance and housing fund contributions. According to the talent introduction bonus system, she will be eligible to buy a house after about three years.

"Okay, let me know when you get the eligibility to buy a house."

As Chu Jing helped him open the back door of the car, Luo Yang said, "I'll give you a set."

Chu Jing froze on the spot.
(End of this chapter)