The wealthy entrepreneur: I want to support millions of employees!.

Chapter 1074 Jintai Technology Wins First Place in Public Fund Performance Again! Cooperation and Announcement!

Setting the stack of resignation letters aside, Su Yang leaned back on the sofa, also recalling the Black Monday stock market crash.

"Has the work been handed over?"

"No, but his job isn't complicated, so others can fill in for now!"

"Alright! Let's blacklist this person from now on!"

Su Yang definitely doesn't want to use someone like that anymore.

"I know the boss!"

Su Yang nodded: "Send someone to pick up the documents tomorrow!"

"Good boss!"

At 10 p.m., Su Yang received good news from Jintai Fund.

Luo Junqing tagged Su Yang in the executive group of Jintai Public Fund, telling him that after four months and one day, the "Jintai Technology Innovation Preferred Hybrid" managed by Pei Jiaqi, after experiencing "many" hardships and setbacks, finally topped the domestic public fund return ranking with a return rate of 62%, and the fund size also exceeded 20 billion!
If it weren't for the large-scale redemptions last time, the fund managed by Pei Jiaqi would probably have performed even better. However, its current performance is already quite good!
After all, Jintai Fund's current assets under management of over 20 billion yuan are already too bloated for fund managers who want to win the performance championship...

As soon as the news was released, the WeChat group was filled with congratulations from executives and fund managers!

Pei Jiaqi pretended to be shy and thank you everyone!
Su Yang: "Manager Pei, let's give out a big red envelope!"

General Manager Luo Junqing: "Manager Pei, let's give out a big red envelope!"

Fund Manager - Short-Term Bond Fund - Chen Yuennan: "Manager Pei, how about a big red envelope?"

"..."

Under pressure from a group of executives and the boss, Pei Jiaqi finally sent out a red envelope!
Su Yang grabbed a red envelope but only got 0.96... Pei Jiaqi shouldn't be that stingy, right?
He glanced at the red envelopes Pei Jiaqi had sent; they were 200-yuan "lucky draw" red envelopes, one of twenty in total…

On average, each person should have been able to grab ten yuan, so it's bizarre that he only managed to grab 0.96 yuan!

Fund Manager - Short-Term Bond Fund - Chen Yuennan: "Hehe, I'm the luckiest person!"

Su Yang checked again and found that Chen Yuennan had managed to snag 56.12 yuan... Her luck is unbelievable!

Su Yang: "The lucky one is giving out red envelopes!"

Fund Manager - Short-Term Bonds - Chen Yuennan: "..."

Vice President - Equity Director - Pei Jiaqi: "@Fund Manager - Short-Term Bond - Chen Yuennan: Yes, yes, it's Manager Chen's turn, hurry up and send it!"

Vice President Meng Jingxuan: "Wait, let me turn on mobile data, my internet connection is bad!"

"..."

After Chen Yuennan sent a 200 yuan red envelope and Su Yang managed to grab 17.52 yuan, his mood finally improved.

However, Luo Junqing also called him, saying that he wanted to completely lock in "Jintai Technology Innovation Preferred Hybrid Fund" to ensure that Pei Jiaqi's new fund could successfully raise 4 billion yuan!

Su Yang's fundraising target of 4 billion yuan for Pei Jiaqi made Luo Junqing feel like he was under immense pressure!
Many star fund managers at major domestic public fund companies can't raise 4 billion yuan in one go. Pei Jiaqi has indeed been riding high in the past two years, but Luo Junqing wasn't sure if he could achieve his goal. So he set his sights on the "Jintai Technology Innovation Preferred Hybrid Fund." If he could lock in this fund, others would have no choice but to flock to Pei Jiaqi's new product.

“Most importantly, I think Manager Pei has a chance to win the top spot in public fund returns this year!” Luo Junqing said. “Completely restricting this fund will make it easier for Manager Pei to manage; the current size of over 2 billion is a bit too large!”

Su Yang asked curiously, "You have confidence in Manager Pei?"

Luo Junqing had previously doubted that Pei Jiaqi could achieve another annual top performance rating!
Luo Junqing said helplessly, "Manager Pei is currently number one in performance, how could he lack confidence?"

"That's good!"

"But I want to do everything I can to ensure the performance of Manager Pei's fund... and Manager Pei agreed!"

"Alright!"

After considering it for a moment, Su Yang agreed to Luo Junqing's decision.

He not only wanted Manager Pei to achieve the top performance in public funds this year, but he also wanted Pei Jiaqi to try next year...

With one fund and one public fund manager, Pei Jiaqi has won three consecutive championships in three years, leaving an indelible mark on the history of domestic public funds and establishing an unshakeable position in the industry!
The stock market will surge this year, but mutual funds will not achieve returns of more than 200%, so forget about becoming a performance champion!

That means that even if the subscription of "Jintai Technology Innovation Preferred Hybrid" is restricted now, the fund size is likely to expand to nearly seven billion by the end of the year.

The larger the size of a mutual fund's capital, the more effort it takes to adjust its portfolio; a slight misstep could lead to a loss.

As more and more company stocks are purchased, the number of investment targets available becomes increasingly limited, making it extremely difficult to achieve high returns!
Even if many people are afraid of heights and choose to jump ship and redeem their shares halfway through, there might still be a scale of four or five billion. If we want to strive for the top performance next year... the difficulty will increase exponentially!

For fund managers, a fund size of 2 million to 10 billion is the most comfortable!

The same applies to Su Yang.

Managing this amount of money is not a big deal; he can just let Pei Jiaqi buy whatever she wants!

As for Jintai Fund's performance, if everything goes smoothly, Pei Jiaqi should be able to successfully join the 10 billion yuan fund manager club this year, which is also an important achievement in the domestic fund industry.

Jintai Public Funds' assets under management have the potential to exceed 20 billion yuan... and maintain a very good reputation!
On May 9th, Gaoxing Retail officially announced its cooperation with Jiuxiang Catering. From now on, the affordable canteen business inside Darun Supermarket in Rongcheng and Shancheng will be jointly operated with Jiuxiang Catering!
Su Yang is quite cautious about this matter and is following all the compliant procedures.

He also recused himself from the board meeting, and the other directors all voted in favor of the matter!
After all, this is considered a related-party transaction, and Gaoxing Retail is a listed company that needs to maintain independence to prevent management penetration.

Following the announcement, Gaoxing Retail's stock price rose slightly. Mainland financial media generally gave it positive reviews, believing that the cooperation between RT-Mart and Jiuxiang Catering was a powerful alliance!

It has a positive effect on attracting offline customers to RT-Mart!
After all, Jiuxiang Catering is now a rising star in the domestic catering industry. Jiuxiang Hot Pot and Weimeijia have been conquering all over the country, demonstrating extremely strong competitiveness!

Darun Supermarket used to operate community affordable canteens in partnership with other catering companies, eager for foot traffic. Now, it has switched to Jiuxiang Catering, which is stronger and has a better reputation, which is entirely commendable.

However, the stock price of Highstar Retail did not rise much, only by a little over two percent.

After all, this is a Hong Kong stock, and Jiu Xiang Catering's brand awareness in Hong Kong is still somewhat lacking.

Moreover, the stock prices of many domestic chain supermarkets are currently at rock bottom, investment institutions are not optimistic about them, and many shareholders have been trapped for many years.

Many of the institutions willing to allocate shares in High Star Retail are Hong Kong-listed consumer, dividend index, or ETF funds. They don't expect High Star Retail to have much growth potential; they are just looking forward to the company's stable annual dividends!
(End of this chapter)