The investment era of rebirth
Chapter 491 Agency Fund Asset Management Business!
"Really?" Su Yu stared at Blanche Laurent with sharp eyes.
Blanche Laurent was slightly embarrassed by Su Yu's stare, coughed lightly, and finally had to say: "The most important aspect of looking for Mr. Su and your 'Yuhang Investment' to cooperate is to value your market. Investment research and investment ability, I want to use your ability to quickly make a certain profit for the funds of our STG organization staying in Huaguo, and achieve excess performance."
"Other aspects..."
Blanche Laurent paused for a moment, then continued: "There are also some unavoidable reasons."
"What is the last resort?" Su Yu asked, "I'm sorry, Mr. Laurent, this is not something I force others to do. I want to spy on you personally, or the secrets of your STG investment organization. It is really... Our 'Yuhang Investment' is accepting When entrusting investment funds, there are rigid regulations, and entrusted investment funds with unknown sources or motives cannot be accepted, this point... Mr. Qian should also know."
"Well!" President Qian also responded quickly at this time, "President Su's 'Yuhang Investment' does have this regulation. According to President Su, it is to prevent dirty funds from flowing into the investment fund pool, so as to invest in the collective It may cause unnecessary losses to those involved, and at the same time, it can avoid many disputes during the closed operation of the fund.”
Blanche Laurent nodded slightly, and was not angry because of this, but looked at Su Yu, and asked instead: "How much does President Su know about our STG organization?"
Su Yu thought for a while and said, "To be honest, I only know that you are an international investment institution, and your business scope involves the primary market, secondary market, and derivative financial trading market. As for the specific business plan, internal equity structure, holding , equity participation in related companies, or strategic development plans and the like... I don’t understand it at all.”
All over the world, there are countless investment institutions.
Before, he had no contact with the STG institution where Blanche Laurent worked, and naturally he had not researched it carefully. He could only judge it based on a rough impression, so he knew very little about it.
"Our STG institution is affiliated to the 'Aberdeen Global Asset Management Group'." Blanche Laurent said with a smile, "The main business is investment in the direction of Asia, and I am mainly in charge of Huaguo Domestic, and investment business in the port city area.”
"Actually, what Mr. Qian said before said that our STG organization is very optimistic about Huaguo's domestic investment, and plans to increase the proportion of Huaguo's investment in the entire Asian investment field. This is true, but not entirely true."
"To be precise, I am indeed optimistic about the future development of Huaguo."
"I also think that in the follow-up Huaguo financial trading market and the primary equity investment market, many investment opportunities will explode, with the possibility of reaping huge profits."
"But inside the organization, and even the group company, they don't think so."
"At the same time, due to the bleak financial trading market in Huaguo and the downturn in the primary equity investment market in the past few years, in the business direction I am in charge of, there is no outstanding performance that can be sold. The high-level negotiations led to the group's global investment strategy, and began to gradually reduce the investment in the direction of Huaguo and the scale of investment funds. Instead of increasing the amount of investment in China, it diverted investment in the direction of Huaguo. Increased investment in Southeast Asia and Singapore."
"Forced to adjust the direction of the group's global investment strategy..."
"I also had to shrink investment projects in China, and at the same time withdraw the asset management business established in China as required."
"But I think the direction of the group's doing so is quite wrong, so I will argue with the group to at least retain the existing scale of investment in China."
"After several consultations, the leader was finally willing to give me time."
"But I know that my understanding of China's financial trading market is still too shallow. At the same time, the asset management business department of my institution has been forced to streamline many people under the group's strategic decision to reduce the scale of investment in China. Both investment research ability and investment ability have declined, and it will take a long time for these investment research teams and transaction teams to re-train, and now I urgently need performance as a bargaining chip. In the next assessment cycle, I will cooperate with the group Lead the negotiations to retain STG's Hong Kong City and Modu investment divisions, and try to promote the group's continued investment strategy in China."
"So, these 50 billion funds should be the entire existing asset management scale of your STG organization in mainland China?" Su Yu listened to Blanche Laurent's narration, and most of the doubts in his eyes finally dissipated , smiled and said, "And... to hand over this part of the asset management funds to us 'Yuhang Investment' for management, in essence, is it just your personal idea, Mr. Laurent?"
"As long as STG Port City Branch and Modu Branch are still there, the formulation of investment strategies for asset management funds is within my responsibility." Blanche Laurent said, "These concerns are still to be resolved." President Su, don't worry."
"To be honest, Mr. Laurent, you are taking a big gamble." Su Yu paused for a while and said.
Blanche Laurent smiled and said: "I only do what I think is right. I think the financial trading market in mainland China will be the most profitable financial trading market in the next few years, so I will I have done this, and if this can be regarded as a gamble, then Mr. Su, and Mr. Qian who is sitting here, the core assets of the two of you are all in the financial trading market in mainland China, so it should also be regarded as a gamble right?"
"I mean...Mr. Laurent, you are actually betting on your future." Su Yu emphasized, "Once the performance results are not as expected within the limited time, you should get from STG, oh , No... have you resigned from 'Aberdeen Global Asset Management Group'?"
To be honest, he didn't expect STG, a rather mysterious investment institution.
It turned out to be a subsidiary of the well-known 'Aberdeen Global Asset Management Group' in the global asset management industry.
Of course, I never thought that Blanche Laurent would have such boldness. When the 'Aberdeen Global Asset Management Group' had already planned to reduce its investment plan in China, it continued to work against the macro strategy of the group. .
However, thinking about it, all of this... seems to have nothing to do with him.
Regardless of the internal disputes of "Aberdeen Global Asset Management Group", according to what Blanche Laurent said, he only needs to accept the corresponding conditions, manage the fund products requested by the other party on his behalf, and accept the corresponding remuneration and excess profits. Yes, and this is the only interest relationship he has with the other party after agreeing to undertake the escrow fund project.
"This is my own business." Blanche Laurent laughed, "Whether I go or stay when the time comes, it should not harm the interests of Mr. Su and your 'Yuhang Investment'. "
"That's true!" Su Yu nodded slightly, "Even if there is any dispute, you 'Aberdeen Global Asset Management Group', a large global financial group, should not rely on us."
"Haha..." Blanche Laurent continued to laugh loudly and asked, "So... Su always agreed to my previous request? Are you willing to cooperate with us?"
Su Yu responded with a smile: "Our 'Yuhang Investment' is also open for business. Since Mr. Laurent said that it is indeed profitable, then I really have no reason to reject the door-to-door business. Outside, right? It’s just...the current trading team of our institution has a limited amount of funds to carry, and the signing of the specific fund agency undertaking agreement may have to wait for a while, and wait until the time is more mature.”
"That's no problem." Blanche Laurent said, "I have fought for a year from the group. As long as Mr. Su is willing to take over, I won't be in a rush for a month or two."
"Oh, there is one more question..." Su Yu thought for a while, and said, "As for the agency fund management fee and the distribution of excess returns, Mr. Laurent said before that we can make a relative profit. What is the method of making such a profit?"
Now that he has made up his mind to undertake the agency fund project that the other party said.
Then, in the final interest negotiation, Su Yu naturally wanted to obtain the maximum benefit from the other party.
Blanche Laurent smiled and said: "President Su's first appeal is the interests of the company, the final profit that this agency fund management project can bring to the company, and my first appeal is the quality of asset management products." Performance, the higher the performance, the more negotiating power I have in the group, so... as long as Mr. Su can make an excess performance, in terms of the final profit distribution, our STG organization can indeed make a substantial profit."
"In the specific operation stage of the fund, how about following the management fee standards and profit distribution standards of your company's other self-operated main fund products?"
"In addition, if the fund is in your agency operation stage, the annual net value standard exceeds 200%."
"Then, you 'Yuhang Investment' can take 200% of the excess profit above the [-]% performance standard. How about distributing it like this?"
"Okay!" Su Yu saw that Blanche Laurent had indeed given enough concessions to the agency fund project, so he stopped haggling. He responded quickly with a smile, and then stood up voluntarily and asked Blanche Laurent stretched out his hand and said, "Then I wish everyone a happy cooperation in the future."
Blanche Laurent saw that Su Yu was so straightforward, completely different from the way he was prevaricating and evading before, he was slightly taken aback, and then he quickly stretched out his hand and said with a smile: "I sincerely look forward to cooperating with President Su, I still think Mr. Su is currently the most outstanding trader and trader in the financial trading market in China, and he also believes that Mr. Su will create more and greater performance miracles in future market transactions."
"Okay, okay, okay..." Seeing the two people shaking hands sincerely, Mr. Qian was also very happy. He clapped his hands and called out a few words 'yes', then raised his glass and continued, "From now on, we will all be on the same boat. I wish Mr. Su another success, and I wish all of us can achieve our wishes and make a lot of money in the future financial trading market."
"Old Qian, you are full of joy today!" When the three of them were all happy, another middle-aged man suddenly pushed the door in the private room. Looking at Su Yu and Blanche Laurent apologetically, he said, "I'm sorry, two friends, you came to my place. I should have done my honor as a landlord today. I didn't expect to be delayed by something, so I came late. Got some..."
"Mr. Su, Mr. Laurent, this is Mr. Chen, old Chen, and the owner of this Shanshui manor." Seeing the arrival of his old friend, Mr. Qian hurriedly introduced Su Yu and Blanche Laurent with a smile , "In this part of our Zhejiang Province, Mr. Chen is better than me in terms of communication, contacts, and business. I... have been with Mr. Chen since I was a child."
Hearing Mr. Qian's ridicule, Mr. Chen hastily coughed lightly, and said, "Where, where... I am just a small boss, and I can't compare to Mr. Qian's riches and grandeur."
As he spoke, he invited everyone to sit down again, and immediately ordered the waiter to add a lot of precious delicacies.
"Old Chen, this is our well-known financial legend in Yuhang, Mr. Su from Yuhang Investment." Mr. Qian continued to introduce when Mr. Chen greeted the two, "This is Hong Kong STG Investment. Mr. Blanche Laurent, the president of the organization, I’m not bragging to you, both of them are veritable Gods of Wealth, you’re always right to find them for your tourism development business and financing needs.”
"So you are Mr. Su!" Mr. Chen looked at Su Yu carefully, with obvious surprise in his eyes.
He is also an old man in the business circle of Zhejiang Province. Although he doesn't know much about the financial circle, he has heard a lot about the name of the God of Wealth, 'Su Yu'.
"Mr. Chen's place is really nice!" Su Yu also praised the other party with a smile while greeting him.
"After that, Mr. Su will come often, and he will come often." Mr. Chen said with a chuckle, and then he reached out to the assistant who was waiting in the private room at any time, asked for an internal membership card, and forcefully stuffed it into Su Yu's hand. "Old Qian's friend, that is my friend. President Su, don't be so polite. Everyone... is actually my family."
After Mr. Chen arrived, the atmosphere in the private room became more noisy and relaxed.
Afterwards, everyone drank a lot of wine, until about 2:30 in the afternoon, Su Yu thought that there would be another one in the evening, so he declined everyone's continuous toast, and suggested that they get together next time, and then walked out of the private room, and went their separate ways. go.
Leave Shanshui Manor and return to your residence.
Su Yu rested for a while, and at around 5 o'clock in the afternoon, he came to the Yuhang Hotel and met again with several leaders in charge of the provincial and sub-branches of the Chinese Commercial Bank.
During the meeting, Su Yu tentatively inquired about the approval status of the 10 billion loan.
As a result, as Li Meng was worried about before, the approval authority for this loan was stuck in a certain link of the head office's review and review during the process of the provincial bank issuing opinions and submitting the Yanjing head office for approval. Based on the opinions of several leaders in charge of the bank and sub-branch, the approval of this loan will definitely be approved in the end, but the time for decentralization may be extended for a period of time.
Blanche Laurent was slightly embarrassed by Su Yu's stare, coughed lightly, and finally had to say: "The most important aspect of looking for Mr. Su and your 'Yuhang Investment' to cooperate is to value your market. Investment research and investment ability, I want to use your ability to quickly make a certain profit for the funds of our STG organization staying in Huaguo, and achieve excess performance."
"Other aspects..."
Blanche Laurent paused for a moment, then continued: "There are also some unavoidable reasons."
"What is the last resort?" Su Yu asked, "I'm sorry, Mr. Laurent, this is not something I force others to do. I want to spy on you personally, or the secrets of your STG investment organization. It is really... Our 'Yuhang Investment' is accepting When entrusting investment funds, there are rigid regulations, and entrusted investment funds with unknown sources or motives cannot be accepted, this point... Mr. Qian should also know."
"Well!" President Qian also responded quickly at this time, "President Su's 'Yuhang Investment' does have this regulation. According to President Su, it is to prevent dirty funds from flowing into the investment fund pool, so as to invest in the collective It may cause unnecessary losses to those involved, and at the same time, it can avoid many disputes during the closed operation of the fund.”
Blanche Laurent nodded slightly, and was not angry because of this, but looked at Su Yu, and asked instead: "How much does President Su know about our STG organization?"
Su Yu thought for a while and said, "To be honest, I only know that you are an international investment institution, and your business scope involves the primary market, secondary market, and derivative financial trading market. As for the specific business plan, internal equity structure, holding , equity participation in related companies, or strategic development plans and the like... I don’t understand it at all.”
All over the world, there are countless investment institutions.
Before, he had no contact with the STG institution where Blanche Laurent worked, and naturally he had not researched it carefully. He could only judge it based on a rough impression, so he knew very little about it.
"Our STG institution is affiliated to the 'Aberdeen Global Asset Management Group'." Blanche Laurent said with a smile, "The main business is investment in the direction of Asia, and I am mainly in charge of Huaguo Domestic, and investment business in the port city area.”
"Actually, what Mr. Qian said before said that our STG organization is very optimistic about Huaguo's domestic investment, and plans to increase the proportion of Huaguo's investment in the entire Asian investment field. This is true, but not entirely true."
"To be precise, I am indeed optimistic about the future development of Huaguo."
"I also think that in the follow-up Huaguo financial trading market and the primary equity investment market, many investment opportunities will explode, with the possibility of reaping huge profits."
"But inside the organization, and even the group company, they don't think so."
"At the same time, due to the bleak financial trading market in Huaguo and the downturn in the primary equity investment market in the past few years, in the business direction I am in charge of, there is no outstanding performance that can be sold. The high-level negotiations led to the group's global investment strategy, and began to gradually reduce the investment in the direction of Huaguo and the scale of investment funds. Instead of increasing the amount of investment in China, it diverted investment in the direction of Huaguo. Increased investment in Southeast Asia and Singapore."
"Forced to adjust the direction of the group's global investment strategy..."
"I also had to shrink investment projects in China, and at the same time withdraw the asset management business established in China as required."
"But I think the direction of the group's doing so is quite wrong, so I will argue with the group to at least retain the existing scale of investment in China."
"After several consultations, the leader was finally willing to give me time."
"But I know that my understanding of China's financial trading market is still too shallow. At the same time, the asset management business department of my institution has been forced to streamline many people under the group's strategic decision to reduce the scale of investment in China. Both investment research ability and investment ability have declined, and it will take a long time for these investment research teams and transaction teams to re-train, and now I urgently need performance as a bargaining chip. In the next assessment cycle, I will cooperate with the group Lead the negotiations to retain STG's Hong Kong City and Modu investment divisions, and try to promote the group's continued investment strategy in China."
"So, these 50 billion funds should be the entire existing asset management scale of your STG organization in mainland China?" Su Yu listened to Blanche Laurent's narration, and most of the doubts in his eyes finally dissipated , smiled and said, "And... to hand over this part of the asset management funds to us 'Yuhang Investment' for management, in essence, is it just your personal idea, Mr. Laurent?"
"As long as STG Port City Branch and Modu Branch are still there, the formulation of investment strategies for asset management funds is within my responsibility." Blanche Laurent said, "These concerns are still to be resolved." President Su, don't worry."
"To be honest, Mr. Laurent, you are taking a big gamble." Su Yu paused for a while and said.
Blanche Laurent smiled and said: "I only do what I think is right. I think the financial trading market in mainland China will be the most profitable financial trading market in the next few years, so I will I have done this, and if this can be regarded as a gamble, then Mr. Su, and Mr. Qian who is sitting here, the core assets of the two of you are all in the financial trading market in mainland China, so it should also be regarded as a gamble right?"
"I mean...Mr. Laurent, you are actually betting on your future." Su Yu emphasized, "Once the performance results are not as expected within the limited time, you should get from STG, oh , No... have you resigned from 'Aberdeen Global Asset Management Group'?"
To be honest, he didn't expect STG, a rather mysterious investment institution.
It turned out to be a subsidiary of the well-known 'Aberdeen Global Asset Management Group' in the global asset management industry.
Of course, I never thought that Blanche Laurent would have such boldness. When the 'Aberdeen Global Asset Management Group' had already planned to reduce its investment plan in China, it continued to work against the macro strategy of the group. .
However, thinking about it, all of this... seems to have nothing to do with him.
Regardless of the internal disputes of "Aberdeen Global Asset Management Group", according to what Blanche Laurent said, he only needs to accept the corresponding conditions, manage the fund products requested by the other party on his behalf, and accept the corresponding remuneration and excess profits. Yes, and this is the only interest relationship he has with the other party after agreeing to undertake the escrow fund project.
"This is my own business." Blanche Laurent laughed, "Whether I go or stay when the time comes, it should not harm the interests of Mr. Su and your 'Yuhang Investment'. "
"That's true!" Su Yu nodded slightly, "Even if there is any dispute, you 'Aberdeen Global Asset Management Group', a large global financial group, should not rely on us."
"Haha..." Blanche Laurent continued to laugh loudly and asked, "So... Su always agreed to my previous request? Are you willing to cooperate with us?"
Su Yu responded with a smile: "Our 'Yuhang Investment' is also open for business. Since Mr. Laurent said that it is indeed profitable, then I really have no reason to reject the door-to-door business. Outside, right? It’s just...the current trading team of our institution has a limited amount of funds to carry, and the signing of the specific fund agency undertaking agreement may have to wait for a while, and wait until the time is more mature.”
"That's no problem." Blanche Laurent said, "I have fought for a year from the group. As long as Mr. Su is willing to take over, I won't be in a rush for a month or two."
"Oh, there is one more question..." Su Yu thought for a while, and said, "As for the agency fund management fee and the distribution of excess returns, Mr. Laurent said before that we can make a relative profit. What is the method of making such a profit?"
Now that he has made up his mind to undertake the agency fund project that the other party said.
Then, in the final interest negotiation, Su Yu naturally wanted to obtain the maximum benefit from the other party.
Blanche Laurent smiled and said: "President Su's first appeal is the interests of the company, the final profit that this agency fund management project can bring to the company, and my first appeal is the quality of asset management products." Performance, the higher the performance, the more negotiating power I have in the group, so... as long as Mr. Su can make an excess performance, in terms of the final profit distribution, our STG organization can indeed make a substantial profit."
"In the specific operation stage of the fund, how about following the management fee standards and profit distribution standards of your company's other self-operated main fund products?"
"In addition, if the fund is in your agency operation stage, the annual net value standard exceeds 200%."
"Then, you 'Yuhang Investment' can take 200% of the excess profit above the [-]% performance standard. How about distributing it like this?"
"Okay!" Su Yu saw that Blanche Laurent had indeed given enough concessions to the agency fund project, so he stopped haggling. He responded quickly with a smile, and then stood up voluntarily and asked Blanche Laurent stretched out his hand and said, "Then I wish everyone a happy cooperation in the future."
Blanche Laurent saw that Su Yu was so straightforward, completely different from the way he was prevaricating and evading before, he was slightly taken aback, and then he quickly stretched out his hand and said with a smile: "I sincerely look forward to cooperating with President Su, I still think Mr. Su is currently the most outstanding trader and trader in the financial trading market in China, and he also believes that Mr. Su will create more and greater performance miracles in future market transactions."
"Okay, okay, okay..." Seeing the two people shaking hands sincerely, Mr. Qian was also very happy. He clapped his hands and called out a few words 'yes', then raised his glass and continued, "From now on, we will all be on the same boat. I wish Mr. Su another success, and I wish all of us can achieve our wishes and make a lot of money in the future financial trading market."
"Old Qian, you are full of joy today!" When the three of them were all happy, another middle-aged man suddenly pushed the door in the private room. Looking at Su Yu and Blanche Laurent apologetically, he said, "I'm sorry, two friends, you came to my place. I should have done my honor as a landlord today. I didn't expect to be delayed by something, so I came late. Got some..."
"Mr. Su, Mr. Laurent, this is Mr. Chen, old Chen, and the owner of this Shanshui manor." Seeing the arrival of his old friend, Mr. Qian hurriedly introduced Su Yu and Blanche Laurent with a smile , "In this part of our Zhejiang Province, Mr. Chen is better than me in terms of communication, contacts, and business. I... have been with Mr. Chen since I was a child."
Hearing Mr. Qian's ridicule, Mr. Chen hastily coughed lightly, and said, "Where, where... I am just a small boss, and I can't compare to Mr. Qian's riches and grandeur."
As he spoke, he invited everyone to sit down again, and immediately ordered the waiter to add a lot of precious delicacies.
"Old Chen, this is our well-known financial legend in Yuhang, Mr. Su from Yuhang Investment." Mr. Qian continued to introduce when Mr. Chen greeted the two, "This is Hong Kong STG Investment. Mr. Blanche Laurent, the president of the organization, I’m not bragging to you, both of them are veritable Gods of Wealth, you’re always right to find them for your tourism development business and financing needs.”
"So you are Mr. Su!" Mr. Chen looked at Su Yu carefully, with obvious surprise in his eyes.
He is also an old man in the business circle of Zhejiang Province. Although he doesn't know much about the financial circle, he has heard a lot about the name of the God of Wealth, 'Su Yu'.
"Mr. Chen's place is really nice!" Su Yu also praised the other party with a smile while greeting him.
"After that, Mr. Su will come often, and he will come often." Mr. Chen said with a chuckle, and then he reached out to the assistant who was waiting in the private room at any time, asked for an internal membership card, and forcefully stuffed it into Su Yu's hand. "Old Qian's friend, that is my friend. President Su, don't be so polite. Everyone... is actually my family."
After Mr. Chen arrived, the atmosphere in the private room became more noisy and relaxed.
Afterwards, everyone drank a lot of wine, until about 2:30 in the afternoon, Su Yu thought that there would be another one in the evening, so he declined everyone's continuous toast, and suggested that they get together next time, and then walked out of the private room, and went their separate ways. go.
Leave Shanshui Manor and return to your residence.
Su Yu rested for a while, and at around 5 o'clock in the afternoon, he came to the Yuhang Hotel and met again with several leaders in charge of the provincial and sub-branches of the Chinese Commercial Bank.
During the meeting, Su Yu tentatively inquired about the approval status of the 10 billion loan.
As a result, as Li Meng was worried about before, the approval authority for this loan was stuck in a certain link of the head office's review and review during the process of the provincial bank issuing opinions and submitting the Yanjing head office for approval. Based on the opinions of several leaders in charge of the bank and sub-branch, the approval of this loan will definitely be approved in the end, but the time for decentralization may be extended for a period of time.
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