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

Chapter 976 Rapidly Shrinking in Size! The Risk of a Bank Run!
With his help, Pei Jiaqi's achievements became a little too dazzling.

Pei Jiaqi is too perfect now; her resume is extraordinary.

It's time to bring her down to earth and torture her fans again!
This will also increase the buzz surrounding her and the exposure of the fund and company. After that, she should be quiet for a while and won't need to be in the public eye too much!

After chatting with Luo Junqing, Su Yang met with the employees and offered them some encouragement.

Around 1 p.m., Su Yang found a quiet office, took out his wealth management software, and searched for "Jintai Technology Innovation Preferred Hybrid C".

He bought two funds on the software: "Jintai Technology Innovation Preferred Hybrid C" and a medical fund that he bought for 100 yuan.

He casually added another million at the bottom and has now successfully broken even and made a profit!

Clicking on "Jintai Technology Innovation Preferred Hybrid C", he saw tags such as "Top performing fund in the past month", "Selected by over 300 million people", "Visited by over 300 million people this month", "Searched by over 200 million people this month", and so on!
Despite seeing these labels, Su Yang, who was in a good mood, still did not choose to redeem his shares.

The fund has just been launched; it's not the time for him to cause trouble.

If a run on the bank occurs, that would be very bad!
Just then, he received a call from Zhang Zhiyuan.

"Mr. Zhang, is there something you need?"

"Didn't I see that the mutual fund managed by Manager Pei is available for redemption?"

"Ok?"

"I'd like to sell half, is that okay?" Zhang Zhiyuan whispered. "I'm a bit too tall, I feel uncomfortable if I don't sell some!"

"of course can!"

"Won't this affect your fund?"

"Then let's redeem it tomorrow!"

"Ok!"

Su Yang could understand Zhang Zhiyuan's desire to sell the fund.
Most stock and fund investors are like this.

Just like Yuanshi Wealth No. 1, although it soared all the way, most of the early investors have already withdrawn.

Many joined through connections in the middle and later stages, while many others left.

The most stubborn funds still belong to Su Yang and his companies!
Su Yang put down the phone, thought for a moment, and then made several more calls to various organizations to confirm their actions before getting up to meet Luo Junqing!
He still wanted to tell Luo Junqing about these things so that Pei Jiaqi could make preparations.

Not long after, Luo Junqing told Pei Jiaqi the news!

Pei Jiaqi's mood worsened after hearing that the agency would continue operating for the next few days!

That afternoon, although he looked unwell, he calmly directed the traders to sell off some of the stocks they held as quickly as possible.

Neither she nor the company expected that the more than 200 million yuan prepared in advance on the first day would be enough. Several large institutions had not yet made a move, and it seemed that the cash was about to be redeemed.

Fortunately, the company has a worst-case scenario plan, so if things really don't go well, Yuanshi Investment can still provide cash support!

However, she still had to quickly sell the stocks held by the fund in preparation for tomorrow's redemption!

After all, she was also aware of what was going on with Yuanshi Investment. After assisting Jufan Holdings in acquiring Gaoxing Retail, a large portion of their cash was tied up!

Soon after, the seven or eight stocks held by the fund were all turned green.

Only a few stocks with larger market capitalization or stronger upward trends have seen relatively smaller movements!
It can only be said that Jintai Technology's holdings are relatively popular, with a large number of large-cap stocks, and there are also retail investors and institutions willing to take over in the stock market!
After four o'clock, Hong Kong stock trading stopped, and she finally let out a long sigh of relief, wiping the fine sweat from her forehead with a tissue!
She glanced at the comments section of the "Jintai Technology Innovation Preferred Hybrid C" fund on the wealth management app. Some were showing off their returns, some were envious of those who bought the fund, but most were showing off their redemption and reduction of holdings!

"Thank you for your hospitality, Manager Pei, but prices are too high now. I'll come back to patronize your business after they drop!"

"I saw that the fund's returns were initially positive, but it was dragged down to the red at the end of the trading day. I guess a lot of people sold their shares, which affected the stock price... I'll sell now and buy back later!"

"Reduce your holdings by half, and take profits for safety. Keep it up, Manager Pei!"

"Run away!"

"If you run, I'll run too!"

"I'm clearing out my inventory today, not sure if that's the right thing to do!"

"How can the diving be so powerful? My God!" "Sold everything today, made 30,000! *smug*"

"Why did you all run away? I'll build a point too!"

"This fund has risen so much, I wonder if I should not buy it!"

"..."

Seeing these messages about clearing out and reducing holdings, even someone as good-natured as Pei Jiaqi was a little frustrated!

Just then, Su Yang handed her a bottle of mineral water: "Don't be nervous, it's nothing serious!"

"Ugh!"

Looking at Su Yang, Pei Jiaqi couldn't help but let out a long sigh.

Although she was mentally prepared, she still felt somewhat upset after this happened!
Don't sigh!

"Doesn't the boss feel bad?" Pei Jiaqi asked curiously, taking a sip of water. "We've already done so well..."

“That’s human nature!”

Seeing Su Yang's relaxed and calm demeanor, Pei Jiaqi felt a little better, but she still sighed, "The boss is really good at taking things in stride!"

"Of course, otherwise why would I be the boss?"

"Shit!"

After making a comment, Pei Jiaqi suddenly realized that they were in the office!

She glanced around nervously, and only breathed a slight sigh of relief after finding no one nearby.

"Several institutions will be making moves tomorrow, and Mr. Zhang will also be reducing his holdings. You all need to be prepared!"

"Can't the boss keep the organization stable?"

"The organization has its own plans, and it's difficult for me to intervene; it's too complicated!"

Banks, trust companies, and other financial institutions may not necessarily give him face!

"What about General Manager Zhang? And those big clients the boss brought in before, right? The boss and General Manager Zhang have a good relationship, don't they?"

"I'm worried he won't be able to sleep if he doesn't reduce his holdings; he already has pretty serious insomnia!"

Pei Jiaqi asked suspiciously, "Is the boss simply unwilling to do it?"

She remembered her bet with Su Yang again!
"You can't judge a gentleman by your own petty standards!"

He hasn't even made a move yet!
"I am a woman!"

"Alright!" Su Yang said softly, "Since you've worked so hard today, I'll help you relieve some stress tonight!"

Pei Jiaqi rolled her eyes at him: "Don't you have a secretary?"

"I don't know what you're talking about!" Su Yang said quickly when he saw an employee approaching. "Alright, I won't disturb your work anymore!"

The following day, facing redemptions from institutions, several large investors, and a group of retail investors, Jintai Technology's returns fell again, and even dropped by a record 2.5%.

The decline is very obvious and has already caused panic among some fund investors... In addition to the institutions that have reduced their holdings, the amount of funds redeemed has exceeded 300 million!

In a short period of time, the size of Jintai Technology plummeted again from just over 15 billion to just over 12 billion!
Faced with such a large-scale reduction in holdings, Jintai Fund Management had no choice but to prepare to file a report with its superiors!
Everyone sensed the signs of a run on mutual funds!

However, the employees of Jintai Public Fund are in good spirits, as they were already mentally prepared for this.

Anyway, once the institutions and large investors have finished reducing their holdings and their profits have stabilized somewhat, retail investors should be able to stabilize as well!

On the third day, in response to the reduction in holdings, Jintai Technology sold shares again. Coupled with the sluggish stock market that day and the decline in the overall market, the returns fell again, and even dropped by a record three points.

After 3 PM, a count revealed that the reduction in holdings not only did not decrease, but actually increased, and the fund size was about to fall to 900 million!

(End of this chapter)