Reborn 80s

Chapter 1101

Inside the pension fund company, Chen Huaiqing is thinking about the next investment direction of the pension fund company.

Most of the funds of pension fund companies are in China, and some of them are abroad.

This part of the funds is entrusted to Meta Investment for management, and the outside world is not aware of the situation.

Meta Investment is a private company, not a listed company, and does not disclose its investment information to the public.

There is now a surplus of capital around the world.

In the past, when a country had excess capital, capital would flow into other countries.

But the current situation is that a large amount of excess capital has flowed into the financial sector.

For example, the U.S. stock market will start a super bull market and continue to set new highs along the way.

Then it kept rising and it felt like there was no end.

Why does this happen?

It's the global capital surplus.

Chen Huaiqing's eyes fell on the West China Stock Exchange. After the sharp drop in 08, the West China Stock Exchange Index has undergone a major reversal since 09 and has been rising all the way.

A lot of funds that should have entered the real estate industry have instead flowed into the stock market.

A lot of funds also bought gold.

Qianlu Bank has launched an electronic gold transaction.

After buying gold, you don’t need to take the physical object, the gold will still be in the vault of Qianlu Bank.

Qianlu Bank built two large vaults in Beijing and Chengdu, storing a large amount of gold.

In addition to being a currency and investment, gold is also an industrial material.

Gold is plated on the semiconductor chip and the back of the chip to solve the electrical connection between the single crystal silicon wafer and the base.

Every year, Murata Semiconductor needs a large amount of gold.

In addition to some miscellaneous industrial needs, China consumes more than 100 tons of gold in industry every year.

In other words, gold has become an important raw material for China's industry.

Storing gold is not just about its monetary and financial attributes, but also its attributes as a rare industrial raw material.

In fact, in addition to gold reserves, pension fund companies also store some other rare metals.

It is certain that the prices of rare metals will gradually rise in the future.

Pension fund companies have huge amounts of capital, so it is quite appropriate for them to engage in this kind of selling low and buying high strategy.

Chen Huaiqing shifted his gaze away from the West China Stock Exchange. The pension fund company had already invested a portion of its funds in finance, so it was not appropriate to continue investing.

Or continue to buy rare metals.

There is no need to buy antiques now.

The next step is to consider the gradual sale.

To Chen Huaiqing, antiques are not as important as industrial raw material resources.

As the world's largest industrial country, China has a huge demand for various industrial raw materials.

The country can provide many industrial raw materials.

Like iron ore!

Is there a shortage of iron ore in the country?

There is really nothing missing.

Is there really no shortage?
There is a shortage of rich iron ore.

Most of the iron ore in our country is lean iron ore, with an iron content of only 20 to 30 percent.

The iron content of imported iron ore can reach 60 to 70 percent.

Imported iron ore is much cheaper than domestically mined iron ore.

Having resources in your hands is the real thing.

Especially resources that can be converted into strength.

Money is only called money if it can buy things.

Money that cannot buy things is not money and is no different from waste paper.

"Boom boom boom!"

"Enter!"

Gong Lijiao: "Boss, everyone from the investment department has arrived."

Yang Ze stood up: "Let's go!"

Several deputy directors of the pension fund company's investment department also attended the meeting.

Pension fund companies have huge fixed assets, which have been accumulated over the years.

Now it is in the tens of trillions.

Most of these fixed assets are land, real estate, etc.

As for things like gold, they are not counted as fixed assets.

It is easy to cash in gold.

Chen Huaiqing looked at the pension fund company's gold holdings, which amounted to more than 2,600 tons.

This gold has been purchased continuously over the years.

After buying gold, it is usually mortgaged to a bank, and the funds are withdrawn for other investments.

Part of this gold was purchased internationally, and part was purchased domestically.

China is the world's largest gold producer.

Large amounts of gold are also held by citizens.

The total amount of electronic gold held by the citizens of Qianlu Bank is more than 3,000 tons.

Of course, there is even more physical gold in Qianlu Bank’s vault than this.

So much gold is mined around the world every year, and a lot of it is stored.

"The first batch of low-rent housing has been completed, and the construction plan for the second batch of 5100 million low-rent housing units has been completed. It involves cities, with a total investment of billion yuan."

"It will take 25 years to recover the cost of low-cost housing investment."

This includes routine maintenance expenses and staff salary expenses, etc.

Chen Huaiqing: "What suggestions do you have for the construction of the third batch of low-rent housing?"

"After the second batch of low-rent housing is built, we expect that the demand for low-rent housing will no longer be so urgent."

In addition to low-rent housing, pension fund companies also have a large number of public housing.

Compared with low-rent housing, the expected payback time for public housing is shorter.

Public rental housing communities are definitely better than low-rent housing communities in terms of green area, public facilities and auxiliary facilities.

For example, public rental housing communities have special parking spaces for electric vehicles, as well as special charging spaces for electric vehicles.

There is also underground parking for the car.

There are two charging modes for underground parking: renting a fixed parking space and temporarily entering the parking lot for parking.

Public rental housing communities also offer preferential treatment to college graduates, who can enjoy three months of rent-free housing starting from graduation.

There are currently tens of millions of public rental housing units across the country.

Investing in real estate is not a first choice for ordinary residents at this time.

First of all, if ordinary residents buy commercial housing for investment and rental, the cost will be much higher than that of the public rental housing communities of pension fund companies.

The cost of the public rental housing community of the pension fund company is the construction cost, which can keep the rent to a very low level.

The purchase price of commercial housing includes construction costs, real estate company profits, taxes, etc.

It is simply impossible to lower the rent to the level of public housing.

Of course, some high-end commercial housing is still rented by people.

Because public housing is aimed at the mainstream rental groups.

"After the second batch, our investment in low-rent housing will be adjusted according to social needs."

"In addition, in terms of the management of low-rent housing, we suggest that there should be a set of standards for renting. For some tenants who are not low-income earners, they should be resolutely cleared out."

We cannot let those who need a place to rent be unable to do so while those who have the financial means have to stay there.

After all, a large number of public housing units also need people to rent them.

(End of this chapter)