My fintech empire.

Chapter 1339 [Crazy Land Acquisition]

On April 4, the negotiations with Ice City were officially finalized and announced to the public. Ice City was the most impatient and directly announced in a high-profile manner that the Star System Enterprises would lead a delegation to move into Ice City, making the matter quickly a foregone conclusion and avoiding any new variables.

After the news spread, some of the surrounding cities that had more ideas could only sigh helplessly, as the wealth that was poured out that day was ultimately taken over by Ice City.

The citizens of Ice City are also very excited because there are rumors that the Star Cluster Enterprises will lead a group to move in and open a regional headquarters, and will once again vigorously develop business and make a series of investments, which will directly bring millions of new jobs.

Moreover, these are all direct recruitment positions of Qunxing Enterprises. Those star-level technology companies are the ones that countless people are scrambling to get into. The second- and third-level Qunxing-related subsidiaries are also ideal job-seeking places for many people. Even if the welfare benefits are not as good as those of star-level companies such as Xingyu Technology and Matrix Quantum, they are still much better than those in the same industry.

Of course, competition for jobs is also fierce, which is normal. After all, this is a superpower with a population of 14 billion. Relatively speaking, high-quality jobs in galaxy companies are still in short supply, so naturally there is competition.

There is no doubt that it would be best for the citizens living in the Ice City if they could get a job in a star-galaxy enterprise without having to travel far away. Even those who cannot get a job will benefit indirectly. For example, surrounding shops and street vendors will benefit to varying degrees, because the arrival of star-galaxy enterprises can greatly boost local economic development and consumption power, bring a large number of high-income jobs, and more people will have higher incomes, and consumption will naturally increase.

……

It was Tuesday, April 4th. On that day, the A-share market's market was in a slump. The SGX 10 Index formed a long positive line with large volume and broke through the historical high to set a new high. It closed up 50% at 3.23 points. The SGX market's total turnover for the day was 3669.88 billion.

The next day, Wednesday, although the volume of the SGX market shrank by 5126 billion, the SGX 50 Index once again closed up +1.16% at 3712.35 points, setting a new historical high and standing above the 3700-point integer mark for the first time.

In contrast, the Shanghai Composite Index closed at 3028 points during the same period, which was more than 50 points away from the SSE 500 Index in absolute terms.

The new high is also accompanied by the smooth progress of the "New Hong Kong Stock Connect" and the continuous good news. The offshore RMB exchange rate has also continued to strengthen and has appreciated to 6.2360. It should be noted that two years ago, it once depreciated and was close to breaking the 7 mark.

Previously, due to rumors that Qunxing Capital was going to be kicked out of the SWIFT settlement system, a lot of overseas capital that wanted to invest in the SGX market stopped flowing in, and even began to flow out.

However, so much time has passed, and America's previous fierce shouting had scared many people.

It now seems that there is much ado about nothing, or even no rain at all. Up to now, the government is still talking about kicking out the SWIFT settlement system, but has not taken any real action.

Qunxing Capital didn't even pay any attention to it and hasn't said a word in response so far. It has been busy doing its own things. With so many things to do, Fang Hong really doesn't have the time to take care of them. Anyway, he is sure that America won't dare to do it.

She just ignored it, which made America very embarrassed. At least you should give me some reaction. I feel so embarrassed by your ignoring me.

Clearly, this is a chicken game.

Fang Hong knows America's character too well. On the surface, she seems like she wants to overturn the table with you, but in fact, America is the one who is most afraid of having the table overturned.

As overseas investors saw this, some gradually realized that America did not dare to really overturn the table.

As a result, funds began to flow in again, and people were actively preparing and waiting for the opening of the "New Hong Kong Connect" channel for funds to enter the market on the Singapore Exchange.

During this period, when it was still negotiating with Bingcheng last month, Qunxing Capital was doing another thing, frantically acquiring land in the cities where many of its subsidiaries were headquartered.

Not all subsidiaries are headquartered in Xincheng. Currently, Qunxing Capital has invested in 17,000 companies, regardless of their equity ratio, as long as they have a stake and have not gone bankrupt and are still in operation. This is several times the number of A-share listed companies, covering various industries, and the number is still steadily increasing.

This number now excludes some dead startups. Not all companies invested by Qunxing Capital survive. In fact, there are more than 12,000 companies that have not made it beyond the A round of financing during the incubation stage.

Qunxing Capital is wealthy, and its current investment strategy is to cast a wide net. It will invest money directly in several companies on a certain track, especially in the angel round of financing. After all, this investment stage does not require much money, and the financing for each company ranges from 50 to 500 million.

After casting a wide net, the "raising insects" strategy is adopted. A sum of money is invested in each of them, and then they compete with each other based on their own abilities. Whoever stands out will follow up and lead the next round of investment, while the unsuccessful ones will be eliminated. In this way, the screening is carried out layer by layer, just like raising insects.

Qunxing Capital has invested in tens of thousands of companies, but currently only about 1770 companies have a controlling stake. These companies can basically be sure to survive without any problems, and have successfully passed the start-up stage and are moving towards maturity. The next step is to further strengthen and expand, and then seek to be listed on the SGX market, so Qunxing will hold controlling stakes in them and make them true Qunxing subsidiaries.

More than 1770% of these 97 holding subsidiaries are large-scale enterprises, with more than 5 employees, total assets of more than 1 million yuan, and annual revenue of more than million yuan.

A small proportion of companies have a small number of employees, perhaps only dozens or one or two hundred, but they are engaged in high-tech and very promising technologies. The companies are not large in scale but their annual revenues can easily reach tens of billions or even higher.

These companies or teams are often the "seed" players under the galaxy, and are expected to become top players in the industry or even rise to become new industry giants in the future, discovering a brand new industrial chain.

Currently, the number of employees of Qunxing's holding subsidiaries has reached an astonishing 1396 million, accounting for about 1% of the country's population, and all of them are taxpayers. Including the spouses, children and family members of these employees, it has directly affected the lives of more than 3700 million people, which accounts for 2.5% of the country's population.

Not to mention the scale of the population indirectly affected, which is definitely over 1 million. This is why America can only talk about it but dare not actually kick Star Capital out of the SWIFT settlement system.

America also knows that doing so is equivalent to completely turning the table over. She would never dare to do it seriously if she is not mentally prepared to do so, because Rabbit will never allow the stars to explode and cause a systemic crisis.

Qunxing Capital is frantically acquiring and bidding for land, and is naturally implementing Fang Hong’s previous decision to provide free housing for all formal employees under Qunxing Group, a large-scale welfare project.

……

(End of this chapter)