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

Chapter 978 Confirming His Tragic History! Pei Jiaqi Suddenly Becomes Radiant!
This time, Xinghuo Media didn't put in much effort, yet Pei Jiaqi and Jintai Public Fund easily made it to the top of the trending searches.

Because of the previous buzz surrounding the "genius fund manager," the youngest, most beautiful, and fastest public fund champion in China, coupled with Pei Jiaqi's existing reputation and the recent activity in the stock market, plus the fact that this incident is truly a stark contrast, and because the public enjoys seeing geniuses fall from grace, celebrities collapse, and gods perish... it easily attracts the attention of netizens!
Who could have imagined that a brilliant fund manager who was so popular just a few days ago would suddenly see his performance plummet?

This matter has garnered attention from numerous media outlets last night!

The next day, countless mainstream financial media outlets and independent financial media personalities began to quickly report and reprint the story.

Especially the scene of Pei Jiaqi bursting into tears in the live broadcast room, combined with her stunning appearance, intellectual elegance and pitiful temperament... it really made countless people feel heartbroken!
Most importantly, did Pei Jiaqi do anything wrong?

She did nothing wrong!

She's already done a great job; she's number one in performance...

The result was that this outstanding fund manager, who helped investors make a lot of money, was betrayed by his own investors... suffering his first major defeat in history, and even the company was implicated!

This is a historical tragedy worthy of being written into public offering textbooks!
Such tragedies have happened before, but never to the top performer...

It can only be said that Pei Jiaqi was very unlucky. She achieved the top performance level of the year within a three-month closed period. During this period, fund investors saw the fund rising wildly but could not operate, accumulating too much fear of heights!
In addition, institutional redemptions, driven by a desire to secure profits, coupled with the recent stock market correction, have led funds to continuously sell stocks to cope with redemptions, resulting in a decline in fund returns. This, in turn, has caused investors to waver and generate even greater panic, leading to a surge in redemptions... resulting in panic redemptions!
If the funds she manages don't see significant gains initially, and then the returns start to increase during the open period, investors will naturally form a dynamic balance between subscriptions and redemptions!
Su Yang also glanced at many people's comments:
"This Manager Pei is really pitiful. Her sales performance has shrunk to the level of three months ago... It feels like she won the sales champion title for nothing!"

"I worked hard for three months to double the money for fund investors, but when I looked back, it turned out that I had worked for nothing!"

"Isn't that how fund investors are? Only by trapping them can they behave themselves... This fund manager is still too young; Jintai Public Fund probably doesn't have much experience!"

"The upstairs view is so realistic!"

"Already following, ready to enter!"

"Looking at the live stream comments at the time, some people said it was lucky that they got out early, avoiding a loss of several points... They even said their operation was brilliant, sigh~ I don't know what to say!"

"If this continues, there will be fewer and fewer conscientious mutual fund managers!"

"This fund manager is capable. I've already started following her and am preparing to invest regularly!"

"I was in the live stream at the time. Manager Pei was so pitiful. I felt so sorry for her!"

"Manager Pei, stop working in public funds and come back to private funds! Public funds have limited your abilities. I'll definitely buy your private fund products, even if it means taking out a loan or selling my house!"

"..."

On that same day, Jintai Fund Management Co., Ltd. released another official announcement!

Jintai Fund Management has high hopes for Pei Jiaqi's abilities and hopes that all fund investors will trust Pei Jiaqi's capabilities and value investing. Furthermore, Jintai Fund Management will allocate another 1 million yuan of its own funds on January 7th (tomorrow) to purchase its "Jintai Technology Innovation Preferred Hybrid C" product and assure the public that it will hold it for three years!
Similarly, Pei Jiaqi also used her account to say that she would buy one million yuan worth of her own fund and promised to hold it for three years!
Public fund companies or public fund managers using their own funds to subscribe to their own products is also a very good way to boost investor confidence.

This also reassured many fund investors who wanted to reduce their holdings!

The stock market was booming that day, and even though Pei Jiaqi sold a lot of funds, there were plenty of large funds willing to take them on. The returns of "Jintai Technology Innovation Preferred Hybrid C" began to rise, and by 2 p.m., it had even increased by one point...

At 2:51 p.m., Pei Jiaqi sat in her office, her eyes fixed on the redemption amount in the back office!
Seeing how nervous she was, Su Yang found it amusing: "How did it go?"

Pei Jiaqi bit her nails and said, "There were only about 60 million in redemptions today... much better than yesterday!"

"That's true, what needed to be sold was already sold!"

Su Yang had a general understanding of the situation. Many institutions that bought funds wanted to reduce their holdings, and they sold them off a few days ago, running away very quickly... The remaining retail investors were the same; they couldn't resist and sold off their shares a few days ago!

"But I should still win!" "Huh?"

Su Yang looked at Pei Jiaqi with some surprise!
Pei Jiaqi reminded him, "Our bet!"

"Do you remember?"

Pei Jiaqi frowned and said, "Are you trying to renege on your promise? You haven't doubled my salary yet!"

Their original bet stipulated that if the fund's size was halved after it was opened, she would have to agree to Su Yang's extremely shameful request!

However, if the fund's size does not decrease by half after it reopens, then Su Yang will have to promote her and give her a raise.

Salaries will be doubled!

She has indeed been promoted, but her salary hasn't increased!

This means her workload and responsibilities have increased dramatically... but her salary hasn't been raised, and she's being treated like a beast of burden!
"Alright!" Su Yang said helplessly, "Are you really sure you can win?"

"How can we not win?" Pei Jiaqi glanced at the time and pointed to the fund back-end data on several sales platforms, saying, "Look, although there were still about 60 million shares sold today, tens of millions of funds have poured in!"

"Ok!"

"We're still short by over 60 million, so the scale will only be halved!" Pei Jiaqi said proudly. "Once the 100 million from headquarters arrives tomorrow... it won't be possible to halve the scale anymore!"

Su Yang rubbed his forehead: "Aren't you taking advantage of the company?"

"So what?" Pei Jiaqi smiled like a fox who had stolen a chicken. "This is the company's decision. Does that mean that if the company buys it, it doesn't count as a large-scale purchase? That doesn't make sense, boss!"

Her tone carried a hint of arrogance!

It's hard to imagine that this girl was in tears during her live stream last night!
Su Yang glanced at the backend data: "We're still short by 66 million!"

"There are only five minutes left. There shouldn't be any more reductions of 70 million shares. The big players who were going to run have already done so!"

Su Yang sighed, "I didn't want to be serious with you because I saw you were quite upset..."

"Ok?"

He took out his phone and dialed Zhang Zhiyuan's number. While the call was still unanswered, he quickly opened the wealth management app.

Pei Jiaqi was taken aback and asked, "What are you doing?"

Then she watched as Su Yang opened the wealth management software, found the "Jintai Technology Innovation Preferred Hybrid C" fund, selected to redeem all of it, and quickly entered his password!
Pei Jiaqi was stunned when she saw the ten million shares that had been sold!

However, she quickly realized: "It's only less than 20 million, we're still short by more than 40 million!"

Su Yang originally had over 20 million, but hasn't his fortune recently dropped?

Just then, the call connected...

(End of this chapter)