They are all reborn, and the grandson is still a spare tire

Chapter 1143: Embezzlement of State-Owned Assets

Following the reporter from Shanghai TV, several other reporters got the opportunity to ask questions about the five new funds.

This includes why institutional investors and natural person investors should be distinguished, why an investment cap is set, the investment directions of these new funds, and relevant information about fund managers.

Yao Yuan answered these questions one by one.

He also told the media reporters on site and all the viewers watching the live broadcast that the relevant information would be published on the Jiuye Investment Group website and the fund management company website.

If you want to know more details, you can check and study on the group website and the fund management company website.

If you want to subscribe to these newly issued funds, you can take advantage of today to study them carefully and then decide whether to subscribe.

While talking, Yao Yuan had already answered five or six questions.

Another reporter got the chance to ask questions, and he was a foreign reporter.

After getting the microphone, the guy immediately began to ask questions in awkward Mandarin while looking at the note he had just written in his hand.

"Good morning, Mr. Yao Yuan, I am a reporter from The Wall Street Journal, and I am very happy to interview you."

"You just mentioned that the funds used by Jiuye Investment Group to invest in A-shares all come from your group's investment surplus in the international financial market."

"Can this be seen as Jiuye Investment transferring capital to the mainland financial market? Why did you make such a move? What is the reason?"

"It is well known that Jiuye Investment is the biggest short seller in the international financial market. Taking advantage of the subprime mortgage crisis that has swept the world, your group has made countless huge profits."

"Your group's profit margin on short selling is extremely amazing and it is always successful. Since you can make more money in the international financial market, why do you want to enter the A-share market?"

"Is there some unknown reason here? For example, political factors? It is because of these unknown factors that you let Jiuye Investment enter the mainland financial market in a big way?"

"Will you increase your investment in international financial markets, such as the U.S. stock market? As far as I know, the agreement you signed with the U.S. Treasury Department includes relevant content..."

It is obvious that this damn foreigner had bad intentions, and the questions he asked were very tricky and insidious, and he also had bad intentions!

As these questions were raised, there was an uproar in the on-site interview area and in front of countless live broadcast terminals!

"Fuck! This bastard is not holding back his fart!"

"Isn't this setting a trap for Yao Yuan? You have to drag this into politics. Those who are not of my race must have different hearts!"

Many viewers started cursing directly, and were extremely annoyed.

Of course, there are also many people who enjoy the misfortune and watch the fun.

At this moment, Yao Yuan had already responded.

He looked directly at the white reporter, smiled and shook his head.

"My dear journalist friend, welcome to work in Huaxia, and welcome to attend today's press conference."

“I don’t quite agree with the questions you raised and the views they convey.”

"Jiuye Investment was established in Hong Kong Island. Previously, our investment focus has always been on the international financial market. Our clients and partners come from all over the world!"

"For example, the German sovereign wealth fund, Saudi Arabian sovereign wealth fund, and UAE sovereign wealth fund all have at least tens of billions of dollars invested in our group."

"Our group's various investments in the international financial market are based on our judgment of the trend of the international financial market. We are neither absolutely short nor absolutely long."

"When the international financial market is in bad condition, we short sell. Just as you said, in this subprime mortgage crisis that has swept the world, we are one of the biggest short sellers in the international financial market."

"But it is well known that the subprime mortgage crisis, which caused huge losses to the global economy, originated from the financial markets of the United States and the endless greed of Wall Street. It has nothing to do with us."

"Once the international financial market situation improves, our group will not hesitate to turn from short to long and become one of the largest longs in the international financial market. This change may happen at any time."

"There are two main reasons why our group has invested heavily in the mainland financial market. First, Jiuye Investment is a Chinese company. Investing in one's own country is a matter of course and there is nothing wrong with it!"

"Just like Goldman Sachs is a financial group in the United States, and its investment focus is in the United States and Wall Street, others have not raised any objections because Goldman Sachs' investment focus is in your country."

"The second reason why we invest heavily in the mainland financial market is that it is a hot investment destination with extremely bright prospects and the engine of global economic development in the next few decades."

"From the perspective of interests and protecting the interests of investors, when we found such a hot investment area and such a golden opportunity, there is no reason for us not to seize it!"

The foreign reporter was speechless, his face turned red and his expression was quite ugly!

The numerous Chinese media reporters, leaders and executives at all levels, staff members, and countless audiences watching the live broadcast all enjoyed listening to the speech very much.

"That's very well said. Jiuye Investment Group is a Chinese enterprise. When will it be your turn as a foreigner to interfere in the investment in our own country?"

"Excellent rebuttal, Yao Yuan. This is the demeanor and aura that Chinese financiers should have!"

Countless viewers who were watching this live broadcast were amazed.

Director Li, who was sitting on the rostrum, leaned over and whispered to the vice chairman of the CBRC next to him:

"I have to say, Yao Yuan's ability to speak eloquently is really admirable!"

"If he didn't become the chairman of Jiuye Investment Group, he could have become the ambassador to the United Nations, where he could debate with many scholars and win great victories!"

The vice chairman of the CBRC chuckled and nodded in approval.

Looking at Yao Yuan again, he continued with his performance.

"You may not understand that our group's investment in the United States has exceeded 500 billion US dollars, which is much larger than the investment in the mainland. Are we also transferring capital to the United States? This is pure nonsense!"

"Speaking of our cooperation with the United States, just last Friday, we increased our holdings of US$20 billion in US Treasury bonds and US$20 billion in Fannie and Freddie Mac bonds, reaching an asset acquisition deal with an even more astonishing total amount!"

"The U.S. Treasury, the Federal Reserve, and the SEC are all very aware of these actions. They are the fulfillment of the relevant agreements we signed before. It seems that only you, The Washington Post, are unaware of them."

"Let's talk about our huge investment surplus in the international financial market. We are lucky. We caught the opportunity of the subprime mortgage crisis and made a lot of money by short selling!"

"But subprime mortgage crises don't happen often. Even if there is such an opportunity again, we may not be able to seize it. We may suffer huge losses next time. This time we were lucky enough to become the pig standing on the wind, so we soared to the sky!"

"Hahaha"

Everyone burst into laughter, and were extremely happy.

Even the foreign reporter couldn't help but twitch his lips a few times and almost couldn't hold back laughing out loud!

He knew in his heart that all the tricky questions he had designed with great effort had failed!

Not only that, but Yao Yuan seized this opportunity to show off his muscles!

Thinking of this, the foreign reporter felt his teeth itching and was very unwilling!

But what could he do? He could only sit down in dismay!

Next, many reporters got the opportunity to ask questions and stood up one after another.

One of the female reporters from Securities Times asked how much money Jiuye Investment Group was prepared to invest in the mainland A-share market.

The answer given by Yao Yuan was that everyone will know the answer once the five newly issued funds of Jiuye Investment start operating, and it needs to be kept confidential at this stage!

After saying this, he suddenly changed the subject.

Facing the camera lens, he smiled and reminded all the shareholders.

Let us all cherish the chips in our hands and hold on for a while longer. Spring may come soon!

Hearing what he said, everyone was stunned.

But everyone reacted in a flash and understood the subtext of Yao Yuan's words.

As a result, countless investors who were watching the live broadcast all cheered.

At the same time, many people have made up their minds.

In the next month, no matter how the stock market fluctuates, I will hold on to my stocks and never get off the bus or sell them!

Not only that, many investors who still have surplus shares have made the decision to start increasing their holdings tomorrow!

When Jiuye Investment rushes into the A-share market with huge capital, the spring of A-share will come!

After answering several questions in succession, the reporter from CCTV Financial Channel, who was given the opportunity to ask questions, asked a more tricky question.

Tonghai Securities, which is about to be taken over by Yao Yuan, is a long-established state-owned enterprise in Shanghai. It is also one of the securities companies with the longest history in the A-share market and is very powerful.

Once the controlling stake of such a well-qualified large state-owned securities company is acquired by Jiuye Investment, will the nature of the enterprise also change from a state-owned enterprise to a private enterprise?

To put it bluntly, if someone makes a fuss about this incident, Yao Yuan might be accused of embezzling state-owned assets.

Yao Yuan was well prepared for this question, and so were Director Li and the others.

Yao Yuan gave a very clear answer on the spot that after Jiuye Investment completed the acquisition, it would only become the largest shareholder of Tonghai Securities and would not merge Tonghai Securities.

As a listed company, Tonghai Securities will continue to operate independently.

In fact, state-owned assets still dominate the equity structure of Tonghai Securities.

It’s just that these state-owned shares are scattered among different financial institutions, such as the Central State-owned Assets Supervision and Administration Commission, the Shanghai Municipal Government, Anping Insurance, and Jiangnan Bank.

Jiuye Investment signed a joint action agreement with the Central State-owned Assets Supervision and Administration Commission and the Shanghai Municipal Government in order to completely control Tonghai Securities, promote various reforms, and make Tonghai Securities better.

As persons acting in concert, the State-owned Assets Supervision and Administration Commission of the Central Government and the Shanghai Municipal Government have the power of supervision to protect their own interests from loss!

In addition, Yao Yuan also publicly announced that 40% of the shares of all newly established financial investment companies under the Shanghai headquarters are in the hands of the State-owned Assets Supervision and Administration Commission of the Central Government.

After his explanation, no one raised any objection to Jiuye Investment's acquisition of Tonghai Securities, and instead everyone agreed with it.

There is no longer any doubt about subscribing to the financial products under Jiuye Investment Group.

Even those funds under Tonghai Securities that suffered heavy losses have suddenly become popular!

Jiuye Yazhu, in the top-floor luxury house.

Mei Ting and Li Lu curled up on the sofa, staring in fascination at Yao Yuan, who was full of energy and talking eloquently on the TV screen.

After watching for a while, Mei Ting couldn't help but sigh:

"This guy is so dazzling and brilliant. Looking at him now, I can't help but feel like I'm looking up to a mountain!"

Li Lu nodded and echoed with intoxicated eyes:

"Isn't it? This guy is so brilliant that I dare not look directly at him!"

"She's very charming, but her only flaw is that she's too fickle!"

Mei Ting turned to look at her and said with a smile:

"He is so young, so handsome, and so rich that he must be the prince charming in the eyes of countless beauties!"

"God knows how many beautiful women want to throw themselves at him. In this situation, how can he not be unfaithful..."

As soon as he said this, Mei Ting was suddenly stunned and his face changed.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like