People in Hong Kong create super chaebols

While Su Cheng was paying attention to the stock situation of Huifeng Bank, something related to Huifeng Bank happened thousands of miles away in the UK.

September 9th, evening.

In London, England, atop a skyscraper with a height of more than 100 meters near the London Stock Exchange, the office of the Morley Fund was brightly lit. Dozens of researchers and teaching staff all looked preoccupied at this time, with sluggish expressions on their faces.

Today is an extremely ordinary day in London. For ordinary citizens, it is just the end of another working day.

However, for the staff of Morley Fund, especially the general manager, today is really a bad day.

As the head of a well-known British fund company, Jurgi Asensio controls assets of up to 500 million pounds and invests heavily in several stocks.

Morley Fund has tens of thousands of high-income loyal investors. These investors have great trust in Ergi Asensio and are convinced that under the custody of Morley Fund Company, their assets can obtain substantial returns every year.

It can be said that Jurgi Asensio is the star among British fund companies.

However, the star of the fund did not have a smile on his face at this time.

Even though the air conditioner was on in the office, sweat was pouring from his face.

Who would have thought that the German stock market would continue to fall when most mainstream stock markets were not affected by the oil crisis.

The reason that made him sweat incessantly on a hot day was that nearly half of the investment focus of their Morley Fund had been placed on Germany this year.

A year ago, Morley Fund Company, which sensitively discovered that the oil crisis was coming again, chose to focus its investment on stocks that suffered less decline during the first oil crisis in order to prevent a serious stock market crash like the first oil crisis. German market.

However, what surprised them this time was that not only did the mainstream stock markets around the world not suffer from stock market crashes, they all experienced surges to varying degrees, ushering in a small bull market.

However, this little bull market happens to have nothing to do with the Frankfurt stock market.

While other stock markets have risen to varying degrees, the Frankfurt stock market has continued to fall, ushering in their stock market crash again!
Today, the Frankfurt stock market DAX index fell again by 489.26 points, a decrease of 3.29%.

In just one year, the Frankfurt stocks controlled by Morley Fund Company fell by 28.21%, and the assets they controlled also shrank by nearly %!
In this situation, Moli Fund Company is facing a very serious matter, that is, how to give an explanation to investors!
Other funds that invest in the US stock market, invest in the British stock market, and even invest in the Hong Kong stock market have a certain degree of growth. Let’s not talk about how much they make, at least they don’t lose money!

But as for their Mori Fund, not only did they not help investors make money, they actually lost money, and they lost a lot!
The new redemption period is approaching in a few days, and they are faced with the situation of being unable to collect funds. Nearly half of the funds are trapped in the Frankfurt stock market.

It is impossible to sell the stocks in the Frankfurt stock market now. If they don't sell, their stocks will still rise back. If they sell, they really won't be able to face investors.

Fund managers jumping off buildings is nothing new in the financial market, and Jerzy Asensio doesn’t want to go to this point.

There was no choice but to convene an emergency meeting of all members of the elite team to discuss whether there was a solution.

"Let's talk about what to do and what other ways we can temporarily solve this problem. As long as we get through this redemption period, we will definitely have a way to make back our losses before the next redemption period." Jerky Asensio sighed and said to the elites present.

"The situation is now very clear, that is, we must survive. This redemption period involves up to 2.5 million pounds of funds. We must first sell part of the stock to cash out, and it must be before September 9th. Solve this matter, and today is September 17th, there is not much time!" Camilo Guerrero, another person in charge of Mori Fund Company, sighed. In order to cope with the redemption period, their capital account must have 9 million pounds in cash reserves. Otherwise, Morley Fund Company will be liquidated and bankrupt due to its inability to perform.

In the past few days, both Asensio and Camilo Guerrero have been considering various plans and their feasibility. Even the idea of ​​borrowing has been put into action, but it is Of no use.

As a well-known fund company in London, there are several banks with which they have good relations. However, the banks that they usually have contact with have been unable to be contacted these days. Even if they are contacted, they all give perfunctory reasons for various reasons.

This is because many banks have already received the news in advance and are very clear about the shape of Mori Fund Company. Therefore, these banks are now "only in but not out". They are eager to ask Mori Fund Company to pay off their loans. How can Mori Fund Company return the loan to them? Woolen cloth.

In this case, no bank would dare to take the risk and lend money to Morley Fund Company. It would be no different from seeking death.

Jerky Asensio glanced around the room, hoping to get quick and effective advice from someone among the elite.

However, the result was that he was a little disappointed. Almost no one could meet his gaze.

At this moment, a researcher sitting at the end raised his hand.

"Henry, tell me." Although Asensio didn't have much hope, he still asked the researcher sitting at the end to express his opinion.

Although Henry is also an elite researcher at Morley Fund Company, Erji Asensio does not feel that he can really get any good ideas from Henry.

All because Henry was too young, even less than 30 years old.

Yes, Henry is only 29 years old this year and has been in the fund industry for 6 years.

Six years of working experience may seem like a long time, but in fact, in the fund industry, it is just a time when you have just left the novice zone.

In the fund industry, no one with more than ten or twenty years of industry experience dares to say that he is an expert in the fund industry, because experience in this industry is really important.

However, Henry has grown from a newcomer to an elite researcher at Morley Fund Company in just six years.

This is of course related to his performance.

Performance is the most direct proof in the fund industry.

Without good performance, no matter how many years of experience, it is still rubbish.

However, if you have been in the industry for a short time and your performance is better than that of many experienced researchers, it means that you are a genius in this industry.

Henry's growth from an ordinary researcher to an elite researcher in just a few years is the best proof. (End of chapter)