Reborn: Billionaire in College

To some extent, Chen Pingjiang was forced to snatch Ali's luck again and choose Tianhong.

It’s not that he doesn’t want to find some stronger fund companies.

But the truth is cruel.

Even though he was not seeking controlling stake but simply cooperation, Li Xi began to contact each fund company one by one according to their size, but was rejected by all of them.

At present, domestic fund companies are still thinking in the old way, which is to capture big customers.

At the same time, we are also learning from the Americans.

They don't have this kind of zero-coin mode there?

How can you, an outsider at Renren, run it?

When Li Xi was almost in despair, Chen Pingjiang suggested that he give Tianhong a try.

Tianhong is currently in a bad situation, and it has reached the point where it will soon die if it does not change.

It can be said that apart from the license plate, there is nothing left.

If it weren’t for Yu’e Bao in the previous life, Tianhong Foundation would have had even less presence, and the management team of such a small fund would also be weak.

"Mr. Guo, why don't you go sit in the car and we can wait here."

"No, no, Mr. Du, it's my duty. Besides, it will be out soon."

The two people who were speaking were Guo Shuqiang and Du Jiangtao.

The former is the current chairman of Tianhong Fund, and the latter is Du Jiangtao, chairman of the major shareholder Inner Mongolia Junzheng.

At the same time, Tianjin Trust and Ordnance Finance also sent people to welcome Chen Pingjiang.

It can be seen that Tianhong attaches great importance to Chen Pingjiang's visit.

Du Jiangtao asked, "Mr. Chen, are you only staying for one day this time? Will you leave after the contract is signed?"

Guo Shuqiang nodded: "Yes, Mr. Li from Renren will also come and stay for two more days."

While the two were talking, they heard someone in the welcoming team shouting, "Here they come, here they come."

When everyone's attention shifted over, they saw a huge group of people coming from the exit.

There were exactly ten people.

Du Jiangtao recognized Chen Pingjiang walking in the middle of the team at a glance, and sighed: "I didn't realize how young he was when I saw him in the newspapers, but I realized how young he was when I saw him in person. He is the same age as my son. My son just lies down and plays all day, but he has already built such a big business."

"Haha, Mr. Du, everyone thinks so, not just you."

Just as everyone was observing Chen Pingjiang, the attention of Chen Pingjiang and his group also shifted over.

Li Xi approached Chen Pingjiang and gave him a detailed introduction.

"Mr. Chen, on behalf of all shareholders and colleagues of Tianhong Fund, I welcome you."

"This is Du Jiangtao, chairman of Inner Mongolia Junzheng."

"Who is this……"

Chen Pingjiang smiled and chatted with everyone for a while before getting on the special car prepared by Tianhong.

"The other party has given enough face. It seems that Tianhong is not doing well now."

Li Xi nodded and smiled, "Their major shareholder, the slightly plump Du Jiangtao, has been under a lot of pressure recently. He frequently pledges his shares, and it seems that he is really short of money. It is said that his overseas investments have been repeatedly frustrated, and his main business has also declined sharply."

"In addition, due to the continued downturn in the securities market, the sales expenses of bank channels have continued to increase, making it almost impossible to make profits from the sales of public funds through bank channels, and even selling at a loss. Tianhong Fund, which has a relatively weak foundation and a small scale, has not been able to make a breakthrough."

Chen Pingjiang nodded.

He knew that Tianhong was in average condition, but he did not expect that the major shareholder behind it was also in trouble.

No wonder they were willing to sell so many shares at one time.

It was Chen Pingjiang’s first time in Tianjin, and he looked out the window with a bit of curiosity.

After driving for about half an hour, the group finally arrived at the office of Tianhong Fund.

Everyone did not rush to the office to negotiate, but instead took a walk around Tianhong under the leadership of Guo Shuqiang.

"Hey, who was that guy who just passed by? He looked very cool. Several directors were smiling and accompanying him like he was a younger brother."

"He looks very young. He must be the son of a rich or powerful person. I didn't dare to look up."

"What are you guessing about? Don't say you don't know the big news circulating in the company recently."

"I know. You wouldn't say that the group of people just now were from Renren."

"It looks like Chen Pingjiang to me."

"Damn it, I thought he was just bragging. How could Renren.com look down on a small company like ours? I didn't expect it to be true. Even Chen Pingjiang is here?"

"So, are you still planning to resign?"

"Resignation is bullshit. Only fools resign."

Renren's investment in Tianhong is big news, even though Tianhong's internal management has repeatedly emphasized that things that have not been confirmed should not be announced internally or externally.

But there is no wall that is impenetrable.

Companies themselves also need such good news to boost confidence.

It turns out that many people thought it was bragging, and Tianhong was too ordinary among all the fund companies.

Who would have thought it was true!
Who would be stupid enough to resign?

Once the Internet giants invest in Tianhong, it will surely help it take off, and its status and salary will rise.

Although middle-level managers immediately came over and ordered them not to publicize the news, the employees still had a great time chatting after Chen Pingjiang and others entered the meeting room.

"Mr. Guo, Mr. Du and other leaders, our Chairman Chen is very busy. I think we should skip the polite words and get straight to the point." Li Xi suggested after sitting down.

"Okay, okay. We have almost finished discussing everything. There are only some details left to discuss."

Chen Pingjiang smiled and said, "4.5 million for a 51% controlling stake, and the three of you will dilute the stake in equal proportions. All of this has been confirmed. I just want to ask a question: Can you handle this at the government level?"

This is what Chen Pingjiang is worried about.

The composition of Tianhong is very complex.

First of all, it is a listed company, it is at the financial level, and it is state-owned.

This requires the consent of both the TJ City Government and the Securities Regulatory Commission.

Guo Shuqiang patted his chest and said: "These are not problems. Since we can sell it, we must have consulted in advance. The results will come out in a month at most."

Chen Pingjiang: "That's fine. We can sign the controlling agreement first, and then officially announce it after it's approved. In addition, the wealth management products mentioned earlier are also financial innovations, and the regulators may have disputes. You are also responsible for resolving this part."

"Of course, there is no problem with safety. As long as we stick to the bottom line and don't deviate too far from the investment direction, there will be no problem."

In the past, it was Ma who fired the first shot in Internet finance and was the first to launch Yu'ebao.

Now Chen Pingjiang is taking the lead.

He must ensure that policies are smooth. After all, he doesn't know what Alibaba did and what price it paid.

But as Chen Pingjiang said, the Lingqiantong and Yu'ebao that WeChat is going to launch are the same thing, both are money market funds. They mainly invest in short-term marketable securities such as government bonds, central bank bills, commercial bills, bank time deposits, government short-term bonds, corporate bonds, interbank deposits, etc., which are considered to be the assets with the lowest risk level among financial assets.

The problem won't be big. "Don't worry, Mr. Chen. There won't be any problems with compliance and safety. The main thing is how big the plate can be and how much benefit it can bring to our shareholders."

Tianhong’s choice this time can be regarded as a fight of life and death.

They still hope that Chen Pingjiang can give them some clues, otherwise they will still be confused.

Those who work in funds still have the old mindset and always wonder how much money they can defraud from ordinary people by adding up their thousands or hundreds of dollars.

Chen Pingjiang smiled and said, "This needs to be looked at from several levels. First of all, President Du's Inner Mongolia Junzheng, as a major shareholder, will see its share price soar after our fund goes online. Similarly, Tianhong's share price will also rise."

“Secondly, operating income such as management fees will also increase significantly.”

"In the end, it may only take a year for the funds you control to grow from 40 billion to over trillion."

Tianhong’s shareholders were shocked.

"Over a trillion? Over a trillion doesn't that mean the asset management scale is the largest in China? Is that reliable, Mr. Chen? Hua Xia Securities is only a little over 2000 billion now."

"What? You don't believe it? How about a bet agreement? If I win, my request is not high. Each of you can transfer more shares to me."

This is the end of the conversation.

Chen Pingjiang is so confident that he must be capable. Who would be willing to give up his shares?

The horrific prospect described by Chen Pingjiang immediately moved several people present.

Big deal!

Even if you have some doubts, you must keep them in your heart.

Because the person who was speaking was Chen Pingjiang.

The shadow of a famous tree.

Chen Pingjiang looked at the shock on everyone's faces and laughed: "Don't think the trillion figure is too exaggerated. This is the charm of Internet finance. I am personally very confident about this figure."

Du Jiangtao hurriedly urged: "Then sign the contract. Our Junzheng has no problem. Don't wait any longer."

He was the most anxious among the group, and he was the one who pushed for the cooperation.

Tianjin Trust and Ordnance Finance are state-owned enterprises after all, so what they seek most is stability. They are not very interested in making money, as long as there is no trouble.

Du Jiangtao was afraid that the duck in his mouth would fly away, then he would cry to death.

If it is true as Chen Pingjiang said, and the stock price of Inner Mongolia Junzheng rises, it will be the most beautiful note.

In the end, the two parties agreed that Renren would invest RMB 4.5 million to acquire 51% of Tianhong Fund's equity.

Chen Pingjiang said that Tianhong’s internal structure will not be adjusted in the short term.

The transaction was then submitted to the TJ Municipal Government and the China Securities Regulatory Commission for approval.

Once the approval is completed, the agreement will automatically take effect.

"We can start to complete the establishment of the fund model in the shortest possible time. Li Xi, you also need to assist in the connection and implement the connection to WeChat and Caifutong."

Now all Chen Pingjiang wants is to act quickly and catch Ali off guard.

Lao Ma likes to live broadcast on Laiwang, so let him do it slowly. When Zero-Balance Wallet goes online, I will definitely scare them to death.

"Of course, Tianhong Fund also needs to undergo some reforms internally."

Once the contract is signed, Chen Pingjiang and even Renren will become the big bosses of Tianhong, and Du Jiangtao will have to stand aside.

Guo Shuqiang had to pay more attention to the opinions raised by Chen Pingjiang, as he was also afraid that he would be replaced.

"Mr. Chen, please go ahead."

"Our Zero-Balance Plan is nothing more than a money fund. If Tianhong wants to become a great company, it also needs to make a difference in stock funds. It should cooperate but not rely too much on money funds. I believe you all think so, right?"

"This is the only way to improve overall profitability, especially in a bull market. At least compared with other fund companies, profitability cannot be too weak. In short, we should strengthen investment research."

Chen Pingjiang's words seemed to be spoken lightly, but in fact they made Guo Shuqiang blush.

Isn't this equivalent to the fact that the investment research done by your Tianhong Fund is a piece of shit?

Guo Shuqiang was helpless about this.

If Tianhong is really that awesome, why would it bother to get Renren to invest in it?

This is what small fund companies are like. They lack talent in all aspects, cannot come up with good fund projects, have insufficient cooperation with banks, and have even more limited sales channels.

Life is hard.

Therefore, Tianhong can feel at ease and no longer want to work hard, and instead cling to others.

But Chen Pingjiang ordered them to become self-reliant.

Guo Shuqiang said somewhat awkwardly: "It's not that we don't want to be an active fund manager, but we don't have any star fund managers and it's too difficult to attract them."

Chen Pingjiang was too lazy to listen to his nonsense. The reason why this chairman was kept temporarily was purely to appease the military.

The project is about to be launched, and stability is the top priority.

When the dust settles, it will be time for Guo Shuqiang to go.

How much success can a fund company achieve if it only buys passive funds, does not actively seek to outperform the market, but instead tries to completely replicate and track index performance?

Look at the big institutions like Hua Xia Securities that are at the forefront. They actively carry out various asset allocations, and have clear arrangements on what types of investments, what stocks to choose, and how to allocate funds.

Although the risks are high, the returns in a bull market are also high.

After the signing of the holding agreement, Chen Pingjiang immediately rushed back to Dongjiang.

Half a month later, good news came.

Both the TJ Municipal Government and the Securities Regulatory Commission passed the approval, which can be described as the speed of light.

As soon as the news came out, the share prices of Tianhong Fund and Inner Mongolia Junzheng continued to rise.

It was like taking three rocket jumps.

For a while, the outside world could not see through Chen Pingjiang's operations.

"It's Chen Pingjiang again. I can't understand his operations. He was doing well in the Internet industry, but he went to control a humble fund company."

"It's obvious that the person above is not from the Internet circle, right? Wasn't the concept of Internet finance proposed by Chen Pingjiang a few years ago? This is probably just an attempt by him."

"Don't make sarcastic remarks. I support any attempt. Both the Internet and financial industries need fresh blood, and Chen Pingjiang is well-known for his innovation in the industry."

"I have a college classmate who joined Tianhong after graduation. I think he made a lot of money now. It depends on what Chen Pingjiang plans to do next."

This news caused an earthquake in both the Internet and financial circles.

This is the first cross-border in the true sense.

It’s not that fund companies haven’t tried financial innovation before, but most of the results have been mediocre.

This is because these people still think of the Internet as just a channel for enjoying life, on par with institutions like banks.

In essence, they still target large customers and sell their fund products.

This is also true for Jack Ma and Alipay today.

The moment the announcement came out, Ma Yun felt as if his energy had been drained out of him and he fell seriously ill. (End of this chapter)