Winning the new financial era

Chapter 303 Boys See More Big Scenes
"Mr. Zhang, Yimin Wealth's prospectus has been submitted to the SEC, and it is expected to be listed on the New York Stock Exchange around July."

Ding Siyao made this overseas call to Zhang Yida in the United States and shared the good news.

"it is good."

It is not easy for Chinese companies to enter the New York Stock Exchange, at least one of the two criteria must be met:

The company must be profitable for three consecutive years, and the total pre-tax net profit of the three years must exceed US$1000 million. If the company has only made profits in the last two years, the total pre-tax net profit of the three years must exceed US$1200 million;
Alternatively, the company has a minimum annual sales revenue of $7500 million and an IPO market capitalization of more than $7.5 million.

Yimin Wealth obviously meets both conditions. The reason why they chose to list on the New York Stock Exchange, apart from having a higher gold content than Nasdaq, is that Ding Siyao wants to be listed on the same exchange as his competitor Noah Wealth.

Over the years, she has heard her subordinates complain about Noah's wealth.

For example: the financial planner of Noah Wealth Management relies on being a listed company and has a strong brand. He often judges people by his nostrils and looks down on other peers.

Customers also trust Noah Wealth, which is a listed company, because they can easily find the company's financial report and various operating data by searching online.

Putting money in the hands of such a multi-billion-dollar company will undoubtedly give customers more peace of mind.

Therefore, Yimin Wealth has to complete the listing, whether it is to feel proud or to improve its own brand to seize more market share.

However, Yimin Wealth has just submitted the prospectus and is still in the "red herring" stage. During this period, the company is not allowed to disclose the prospectus plan to the public and accept media interviews.

Otherwise, the board of directors, brokers, lawyers, etc. will be severely punished by the SEC.

Therefore, Yimin Wealth can only keep a low profile, and cannot make such a splash in the short term.

"By the way, Mr. Zhang, I plan to go directly from the United States to Singapore, join the team sent from China, and open up Yimin Wealth's Southeast Asian operation center in Singapore."

"Yes! This idea is very good. Whether it is going out to open up overseas business, or helping domestic customers with global asset allocation, Singapore is a very suitable place.

Benefiting from a stable political situation, a solid financial foundation, an international financial trading platform and a strong and transparent financial regulatory system, Singapore has become the most important offshore wealth management center in the world after Switzerland.

In addition, Singapore is also recognized as the registration place of the world's best funds and wealth management companies. "

Zhang Yida paused, and then asked again: "Have you thought about the license issue? In Singapore, if you don't have a license, you just want to conduct financial business. The fine is ridiculously high."

Ding Siyao smiled, "I know this, any individual or institution in Singapore needs a license to conduct financial business.

What we want to win this time is the Singapore CMS license! "

"CMS license?"

Ding Siyao knew that Zhang Yida's business focus in the past two years has been on various Internet companies, and he rarely asked about Yimin's wealth, so he explained:

"Securities, futures and fund management are Singapore asset management licenses, also known as capital market service licenses, referred to as CMS licenses, and the full English name is Capital Market Service License."

Zhang Yida thought for a while and said, "I remember that it is not easy to apply for a CMS license. It seems that you need to have conducted related businesses in the Singapore capital market for at least 5 years and have a good record."

“Yes, in addition to that, at least one board member or CEO must be based in Singapore.

In addition, to carry out securities trading or futures contract trading, shareholders’ funds are required to be no less than SGD 2 million and SGD 1 million respectively, equivalent to RMB 10 billion and 5 million. "

Ding Siyao remembered the license application terms very clearly, and explained them to Zhang Yida one by one.

"The conditions are so harsh, so the application must be useless?" Zhang Yida asked.

"Yes, we can only get the license in a curve."

Zhang Yida asked, "Acquisition?"

"Yes, we have already contacted Barclays Bank, who intends to sell the wealth and investment management business in Singapore and Hong Kong.

They have a ready-made Singapore CMS license.

In addition, this part of Barclays' business also includes 1800 high-net-worth clients in Singapore and Greater China, and a total asset management value of US$183 billion. "

"1800 people, 183 billion US dollars in assets, and 1000 million US dollars in assets per capita, they are really rich."

Ding Siyao smiled, "That's right! Compared with domestic clients with an average asset of tens of millions of yuan, these 1800 people are much richer."

"Why is Barclays selling this part of the business? Also, what is their offer?"

Ding Siyao said: "The explanation given by Barclays is that it will shift its business focus back to countries such as the United Kingdom and the United States, focusing on the banking and investment industries.

In terms of quotation, the current offer is 4 million US dollars, but this quotation is a bit watery, and it should not be so much.

Also participating in the bidding are Singapore's United Overseas Bank, DBS Bank, Overseas Chinese Bank, Japan's Nomura Securities and several other companies. "

"Is this a toxic asset? Don't buy a time bomb and go home."

Ding Siyao chuckled, "That's not likely! We also hire professional consulting companies, accounting firms, and law firms to participate in due diligence and asset transfer."

"Okay, so many private banks are participating in the bidding, so there should be some value."

Zhang Yida sighed, "It's a pity! Looking at the progress, I'm afraid it won't be able to catch up with the listing."

"Do you want to withdraw the prospectus?"

"Don't!" Zhang Yida interrupted, "I spent so much money in finding a law firm and an accounting firm in the early stage, and I have to make new materials after I withdraw it.

Even if it is acquired after listing, it is not a big deal, the worst is to raise less capital!
How to put it, you have to leave some expectations for the majority of investors! "

"There are not many individuals investing in stocks in the United States, they are basically institutions." Ding Siyao laughed.

Zhang Yida said: "Because it is an institution, people look at problems more comprehensively. If the acquisition can be negotiated before the IPO, I guess there will be a round of skyrocketing.

Don't think too much, we can't take all the good things.Let's do a good job in business fundamentals, with good performance in hand, and it will be fine to issue additional shares in the future. "

"Okay, you are the boss listening to you!"

……

Li Quan is a financial planner from Yimin Wealth. He came to a villa with two colleagues from the company in a well-fitting suit today.

Li Quan rang the doorbell, and after a while, a middle-aged woman who was dressed richly and covered in jewels opened the door.

As soon as the middle-aged woman saw Li Quan, she said with a smile on her face: "It's Xiao Li, please come in quickly!"

Li Quan smiled at her, "Sister Xie, excuse me! Didn't you say last time that your child is going to study abroad?
We, Yimin Wealth, will provide free consultation on studying abroad and overseas investment for customers of the M3 sequence. "

Yimin Wealth internally divides customers with an investment of one million, ten million, and one hundred million into three levels: M1, M2, and M3.

Then Li Quan introduced two colleagues around him, one is an overseas study consultant and the other is an overseas investment consultant.

After hearing that it was free, Sister Xie smiled even more, and warmly greeted Li Quan's other two colleagues.

Sister Xie greeted the three of them into the door, asked the servant to serve several large plates of fruit, and said with a smile: "You guys eat some fruit first, I'll go upstairs and call the child."

The study abroad consultant sat on the sofa, looked at the magnificently decorated hall, and asked, "Li Quan, is this really a coal boss? The house is so glittering, it's like a palace."

"As expected of an M3 client, quite capable!" Another overseas investment consultant laughed.

"Li Quan, where did you find this client?"

Li Quan replied: "Some time ago, wasn't I sent by the company to the Rolls-Royce 4S store? I met Sister Xie's husband, Boss Mei!"

Looking at the strange eyes of the two colleagues, Li Quan explained: "Plum blossoms are not coal from coal mines! Don't mention coal mines later, they have long since stopped doing that business.

In a few years, the coal mines were sold to state-owned enterprises. Boss Mei...Mr. Mei moved his family to the capital with a large sum of cash.

Then take this money and buy dozens of houses! "

Sister Xie went downstairs with her son, a shaggy-haired, skinny boy of seventeen or eighteen.

"Hey, mom, what are you doing? My game is dying!" The boy muttered as he walked, with a very reluctant look on his face.

After going downstairs, sister Xie introduced: "This is my son Mei Yingjun, you can call him handsome."

Li Quan wanted to laugh very much, this kid has nothing to do with being handsome!

However, his good professionalism still made him call out against his conscience: "Hello, handsome!"

His other two colleagues also got up and said hello to this handsome boy.

"Don't you have a long mouth?" Sister Xie looked at her son who had a serious face, and said sharply, "Call me brother!"

"Hello, brother!" Mei Yingjun yelled reluctantly.

Li Quan and his two colleagues didn't care, especially his two colleagues, who often deal with boys and girls from wealthy families, have long been used to it.

The behavior of these sons is not all for them, but mainly because they are dissatisfied with their parents.

Of course, they also met children with good family education and decent manners. It mainly depends on the parents and family background!
"Handsome, do you intend to take the college entrance examination or not!" the overseas study consultant began to ask.

"No college entrance examination! With my grades, if I take a college entrance examination, the ancestral graves will be smoked!"

Mei Yingjun said with a smile, and did not take care of his mother who was sitting next to her, whose face was already darkened.

"What nonsense are you talking about?"

Sister Xie tried to hit her, and Mei Yingjun got up and ran away in fright.

Li Quan and the two colleagues looked at each other, everything was kept silent.

Mei Yingjun, who was "subdued" by his mother, returned to sit on the sofa honestly, and the study abroad consultant continued to ask, "Is there any country you want to go to?"

"I'm going to the United States. I like to watch the NBA. The best university is in Chicago."

The study abroad consultant scratched his head. In your situation, it might be a bit difficult for you to get into the University of Chicago.

The study abroad consultant said: "Sister Xie, if you want to be admitted to a top university in the United States, you mainly look at several aspects, such as academic performance, social activities, parents are alumni, sports specialties, and donations."

"Donation?" Sister Xie was a little puzzled.

"Yes, it's a donation!"

The study abroad consultant explained: "Unlike China's top universities, which mainly rely on state financial appropriations, America's top universities mainly rely on social donations.

If you want someone to donate money, you have to exchange it for something. This bargaining chip is the number of admissions. "

Mei Yingjun was listening to God, and he still had this kind of operation. He asked, "Then, can I go to Harvard University?"

"Sure!" the overseas study consultant laughed, "Let your father learn from Mr. Pan in the real estate industry, and just donate 1500 million US dollars to Harvard University."

"Ah, 1500 million US dollars?" Sister Xie thought this figure was too scary. How many houses would it take to sell?

"Yes, Mr. Pan donated money to Harvard, and his youngest son was admitted later."

The study abroad consultant said with a smile: "This is nothing new, you can find relevant news on the Internet."

"Is this illegal?" Sister Xie was a little worried.

"Well, there's crossing the line, but in the U.S., it's basically the unspoken rule on the surface."

The study abroad consultant explained: "Recruit children from rich families, and their parents can build libraries, buildings, and laboratories;
Recruit some descendants of alumni to satisfy the alumni. Their alumni are basically the elite class in the United States and can create momentum for the university;
Of course, there is no shortage of SAT testers and slam dunks, otherwise the school will not have academic competitiveness and attractiveness.

This last category of people is really admitted by virtue of their strength.

The situation is roughly like this.I'm just giving you a suggestion, Sister Xie, and we don't intervene in specific matters. "

"Mom, donate 1500 million to me, I want to study at Harvard!"

Sister Xie gave her son an angry look, "That's 1500 million U.S. dollars, which would be 1 million in RMB."

"I'm going to Harvard, and I'm going to show those top students in our class that money can really do whatever they want, hahaha!"

Sister Xie didn't have time to talk to her stupid son, so she began to calculate in her heart, this [-] million is used for her son to go to school, expecting him to become a dragon?
Knowing a child is like a mother, sister Xie doesn't expect the 1 million investment to return.My son knows how to play games every day, so don't be dropped out of school or fail to get a diploma.

Although the family has some wealth, one billion and eight hundred million, but taking out 10% of the family property and letting my son study a book, Sister Xie thinks it is not worthwhile.

It's better to buy a few more buildings and save them for my son to collect rent in the future.

Besides, the rich man surnamed Pan in real estate has tens of billions of property, and only one billion is used to sprinkle water. His family's financial resources are not that strong.

"Is there a cheaper university?" Sister Xie asked.

"Yes, and it's not bad. You just need to pass the English test, and you don't need to worry about anything else. It's not a pheasant university. The diploma is still recognized when you return to China."

The study abroad consultant added: "According to Yingjun's situation, he still has to donate, but the amount is smaller."

Sister Xie felt that this "level" of university was good, so she decided to let her son go to this level.

"Sister Xie, handsome is going to study abroad, how will he arrange employment in the future?

Should I return home or stay overseas?Sister Xie, I think it is necessary for you to do some overseas asset allocation.

Sister Xie, your family has bought so many houses in China, what if the house falls?It is necessary to allocate some overseas assets for risk hedging..."

Overseas investment consultants began to explain the advantages of overseas asset allocation to Sister Xie.

They not only came here today for free study abroad consultation, but also took this opportunity to cultivate Sister Xie's overseas investment vision.

How is it suitable to just be a coal boss and a charter woman?Do you know about overseas hedge funds?
According to their internal analysis, the assets invested by Sister Xie’s family in Yimin Wealth accounted for less than 15% of the family’s total assets.

How can this work?I'm completely sorry for the slogan "Yimin Wealth, your personal wealth steward"!
They are all close-fitting, so you need to invest a little more money!

So Li Quan's supervisor assigned him two experienced colleagues, ready to tap into the potential of Sister Xie's family.

They have done this kind of business many times, and it is handy to do it.Children studying abroad are a good entry point for parents to allocate overseas assets.

The three of them had already made up their minds on the way here. No matter what, sister Xie had to invest a little more in this vote, at least 5000 million as a base.

"There are so many benefits to investing overseas?" Sister Xie listened to the advice of an overseas investment consultant.

"Yes, sister Xie, if you have assets overseas, not only can you hedge against domestic investment risks, but also when Yingjun graduates in the future, he can choose whatever financial institutions on Wall Street, and if the worst is the case, private banks will also admit him.

With this gilded resume, a "returnee elite" can be cultivated!
You don't want him to charge a lifetime rent!Boys, you have to see more big scenes to go further. "

"Okay, you guys have worked hard. When the child's father comes back, we will discuss it."

Sister Xie was completely moved by the last words of the overseas investment consultant, the boy just needs to see the big scene.

His father didn't see many big scenes back then. After closing down the domestic coal mines, he didn't dare to open gold mines or diamond mines overseas.

The most important thing is, no one can tell what will happen in the future, right?It is always right for a son to have a skill.

Not long after, Sister Xie's husband, Boss Mei, came back again, and the couple kept Li Quan and his two colleagues to have lunch together.

At the dinner table, Li Quan and his two colleagues drank three bottles of Moutai, and talked with Boss Mei from domestic to foreign countries, from their children studying abroad to overseas asset allocation, and their future employment directions.

Boss Mei was completely persuaded, and expressed his willingness to spend at least [-] million yuan for overseas investment, but first he had to go to the United States with the employees sent by Yimin Wealth Company to do investment and study before studying abroad.

In this regard, Li Quan and others also expressed their understanding. After all, with such a large amount of investment, people have to understand it in all aspects!

(End of this chapter)