Game within game: chess player

The formalities supervision department established by Yongcheng Bank branch responded very quickly. From reporting to approval, it only took half a month to complete the approval. The first and second floors of the International Financial Center already had basic renovations, so Yongcheng Bank's preparations for the construction were progressing at a rapid pace, and the recruitment and interviews of relevant employees were also progressing smoothly. Wu Jianian personally supervised all aspects to ensure that Yongcheng Bank could open normally by the end of April.

Xingfa Fund continued to make rapid progress in April. After a good start in March, Bi Xingfa, with sufficient expenses, opened five more branches. The middle of April has not yet arrived, and the business scale has exceeded that in March. This month, it has become a settled task to achieve the set goals. At the same time, Ye Fang asked Bi Xingfa to set up a venture capital department, with Bi Xingfa also serving as the head of the venture capital department. A venture capital review committee was established within the group to evaluate venture capital projects.

Under Ye Fang's initiative, Xingfa Fund officially launched the national high-tech project incubation project, aiming to provide financial support to young people with ideals and ambitions and help them complete project incubation. Xingfa Fund invests in incubated enterprises as a strategic investor and supervises the implementation of fund use. At the same time, Xingfa Fund calls on peers to participate in this industrial assistance plan.

Venture capital began to appear in China in the mid-80s. The earliest investment companies were established under the leadership of the state. The investment projects were mainly state-owned large and medium-sized enterprises. There were relatively few pure venture investments for individuals and small and medium-sized enterprises, mainly because of the investment style. Conservative and lack of professional venture capital talents. After ten years of development, private capital has begun to get involved in the venture capital industry, but they are mainly self-owned capital and the investment style tends to be conservative.

At the end of the 90s, various leading companies began to slowly emerge, but venture capital investments like Ye Fang's that relied on financial capital had begun to appear, but they were still in the exploratory stage. In order to reduce investment risks, most financial companies involved in the field of venture capital are relatively conservative. They prefer to invest funds in projects that have been in operation for more than one year and can discover industry operating rules and future trends from the company's operations. This invisibly blocks too many potential projects. Projects without start-up capital or the entrepreneurial will of small and micro enterprises.

Ye Fang decided that he would be the first to try something new. As long as you have a good project or even an idea, Xingfa Fund can help you realize your entrepreneurial dream. In April, Xingfa Fund developed financial product models based on various fields of venture capital, and participated in venture capital projects by combining financial product investment and its own funds. Throughout April, a lot of preparation work has been done for this venture capital project, Xingfa Fund, including internal restructuring, hiring experts and professors from universities to serve on the review committee, and media publicity. The entire month of April has been a process of building momentum. Ye Fang expects that Xingfa will be launched in the second half of the year. The foundation ushered in a peak of venture capital investment.

Wang Junhe's Junhe Insurance is still in the process of institutional construction and team preparation in April. A large number of outstanding talents in the industry have begun to gather in Junhe Insurance. In less than two months, major institutions across the country have basically completed preparations for establishment and opening. The opening date given by Wang Junhe to each institution is May [-]st. From April [-]th, major institutions began to collect statistics on insurance performance. Wang Junhe spent almost every day in meetings with various institutions. , I can’t take care of my Junhe law firm for the time being, but fortunately, I can still take care of it occasionally since they are all in the same building.

Bi Xingfa also kept an eye on Wang Junhe's actions and often sent people to inquire about Junhe Insurance's institutional preparations. However, Wang Junhe was very tight-lipped. After asking around, Bi Xingfa could not figure out Junhe Insurance's business scale forecast in May. Estimate how many there are. However, Bi Xingfa is not very optimistic about Junhe Insurance. After all, where is the foundation of Yi'an Insurance as the predecessor of Junhe Insurance? In the past, when Yi'an Insurance was doing its best, the national scale premiums were only more than 5000 million. Bi Xingfa did not believe it. As Wang Junhe, a layman in the insurance industry can really make Junhe Insurance happen, and he can turn a crow into a phoenix.

How did Bi Xingfa know how much work Wang Junhe had done behind the scenes? Although Wang Junhe didn't understand insurance, he understood people, and he knew that professional matters must be left to professionals. In terms of product design, Wang Junhe hired the top actuaries from the National People's Congress of China to participate in the design of insurance products. For participating insurance products, he developed the most advanced British-style guaranteed dividend model in the world, abandoning the American cash dividend model in the traditional insurance industry.

Junhe Insurance directly differentiates itself from other traditional insurance industries through dividends. It re-organizes product packaging and media promotion based on British-style insured dividends, and hires a professional planning team and financial experts to design brochures and team business speeches.

All insurance sales staff who enter Junhe Insurance must undergo at least seven days of fully closed training. Finally, they must pass the training course. Only after passing the customs can the sales staff be qualified to join Junhe Insurance and sell dividend insurance. Later, this model was also adopted by other insurance companies. The company adopts what is called the Junhe model in the industry.

Only Wang Junhe knew the advance premium data of Junhe Insurance before May came. Bi Xingfa repeatedly urged Ye Fang to inquire about the data, but Ye Fang refused.

Now the entire group, including Ye Fang, is basically in a state of no funds. Guizhi Investment is paying the land transfer fee and Junhe Insurance's equity capital. Ye Fang personally pays for the purchase of Junhe Insurance and Yongcheng Bank in the name of Xiaozhuang. After investing capital.

Both the group and Ye Fang were in a state of having no funds available. In Ye Fang's words, the company was at its most vulnerable at that time. It looked very strong on the surface, but in fact it was always walking on the edge of a cliff. Now the group The funds are only for maintaining normal operations, and there are no large funds for Ye Fang to dispatch.

As for Qi Wenbin's plan to acquire Qumei International revealed by Qi Gege, Ye Fang was just silently paying attention to it for a period of time because he had no funds to participate.

The stock price of Qumei International has been very stable recently and is hovering at the bottom. Ye Fang can judge that there should be funds silently collecting funds, but this force is very patient. More than two months have passed and he is very patient. He may find another An opportunity starts.

Ye Fang previously participated in Jinglan Technology. After more than two months of sideways trading, the stock price has now exceeded 60 yuan, and has been marching toward 80 yuan with great success, which is similar to Ye Fang's previous prediction. There are still more than 100 million shares of Jinglan Technology in Ye Fang's account, which were left after the last transaction. Now these more than 100 million shares are already worth nearly 7000 million, which is a big deal for Ye Fang now. A huge amount of money.