Rebirth 1991: My Financial Era
Chapter 41 The fund wants high dividends
Sun Chen's words suddenly activated the atmosphere at the scene, and the ladies asked one after another how the investment fees were calculated.
"Huaxing No. 20 Fund has a term of one year and is closed for six months. After the closed period, you can freely subscribe and redeem. Income and dividends are calculated on an annual basis. There is no charge within 20%. There is a charge of 50% for 20-50% and 100% for 30-100%. The fee above is 50%, and the fee above % is %." Sun Chen promised.
Reducing management fees is a big deal. Funds with poor performance rely on management fees to survive. Not charging management fees shows extreme confidence.
It can be said that Sun Chen’s approach has subverted the rules of the fund management industry. I wonder if he will be boycotted by his peers.
Sun Chen doesn't care about industry rules. He is a private equity fund and does not publicize it publicly.
The ladies were satisfied. Mrs. Zheng asked He Chaoqiong: "Sister, how much do you plan to invest?"
According to custom, she should be called Mrs. He Chaoqiong and Zhao, but now rumors are flying that their husband and wife are at odds and almost have a fight, so Mrs. Zheng calls her by the old name.
"Mrs. Zheng, I plan to invest 3 million Hong Kong dollars." He Chaoqiong had to support his younger brother. Her personal assets are HK$10 billion. In addition to real estate, equity and jewelry, she also has about HK$6 million in cash. Now she is spending half of it, no more, no less, just right!
"Okay, since my sister is so confident, I'll go with 1 million!" Mrs. Zheng said cheerfully.
Mrs. Zheng herself was very satisfied with Sun Chen's performance and wanted to vote. She told He Chaoqiong this way to let her accept her favor.
"Okay, thank you, Mrs. Zheng. I'll treat you to afternoon tea tomorrow." He Chaoqiong said with a smile, and the sedans carried each other.
Seeing Mrs. Zheng's statement, others followed suit. Miss He's face and favors were more important than profits.
"I invest 1 million."
"I subscribe for 5000 million"
……
In a short time, the amount of subscription reached 10 billion.
When Sun Chen saw this figure, he felt relieved and urged Qian Cheng to prepare a contract and find investors to sign it.
After the road show, the reception began. Except for those who signed the contract, others started chatting in small circles in twos and threes.
"Ms. He, listen to my husband, your company's performance this year is great!" A young lady said softly, stroking her bulging belly.
"Not bad. This year I listened to Sun Chen's advice and made real estate business arrangements." He Chaoqiong continued to praise Sun Chen. Everyone in the circle knew about her real estate business arrangements, so there was no need to hide it.
"Really?!" The wives and ladies in the small circle were all surprised. The name Sun Chen brought them surprise today.
"Yes, how about I call him over and have a chat together?" He Chaoqiong waved to Sun Chen.
Sun Chen was signing a contract when he saw He Chaoqiong's gesture and walked over quickly.
"Sister Qiong, are you looking for me?" In the small circle, Sun Chen no longer called Miss He, but directly called Sister Qiong.
Everyone wondered for a while.
He Chaoqiong looked calm and said, "Let me introduce you. This is Mrs. Zheng, this is Mrs. Liu, this is Mrs. Guo, and this is Mrs. Li. Everyone is very interested in your judgment on real estate. Please share it with everyone."
"Thank you ladies and ladies for your support. I personally think that starting from this year, the real estate trend in Hong Kong City will take off." Sun Chen began to talk.
"Real estate is closely related to the economy. The 60s was the boom period of real estate in the United States, the 80s was the boom period of Japanese real estate, and now, in the 90s, the golden age of real estate in Hong Kong City has arrived."
"Real estate is also related to land and population. The United States has a large land and abundant resources, so the price increase is not that obvious. Japan has a small land and many people, and the price increase is very impressive. What about Hong Kong City? There is less land and more people!"
"Also, Hong Kong City is the window to the Mainland of Flower Country. When Flower Country's economy takes off, Hong Kong City must be the first to take off."
After Sun Chen finished speaking, he took a sip of champagne.
"Sister Qiong, I've finished speaking. Do you think I'm right?" Sun Chen looked like a loser.
"Well said!" He Chaoqiong took the lead in applauding.
"Oh, Sun Sheng, you talked very well, but I didn't remember everything. Could you please elaborate more?" said an older lady, obviously she wanted to remember to take it back to her husband.
"It doesn't matter, I will write today's opinion as an editorial and publish it in next week's Starlight Daily. Please pay attention to purchase it. In addition, you are welcome to come to our newspaper to advertise." Sun Chen's mouth was dry and he was unwilling to repeat it, but he spared no effort in recommending his own newspaper. .
"That's a good relationship!" Everyone agreed, thinking that this lady asked a very good question.
"Okay, today I have taken up so much of your distinguished guests' time. If you have any questions, please contact me by phone." Sun Chen handed out a circle of business cards and ended the reception at He Chaoqiong's signal.
Sun Chen sent everyone out of the hotel, and He Chaoqiong went shopping with his wives.
Sun Chen turned around to find Li Daxiao and said, "Editor Li, have you heard all the real estate views I talked about?"
"Sun Sheng, I heard it and took note of it." Li Daxiao said honestly.
"Okay, organize it into an editorial. Find a master who understands Feng Shui and package this editorial into an international Feng Shui bureau. We have the economy, real estate, and Feng Shui to create a big battle." Sun Chen was ambitious.
"Okay, Sun Sheng, I'll do it right away." Li Daxiao said.
Sun Chen waved his hand, and Li Daxiao automatically disappeared from sight.
On Monday, "Star Daily" published a special issue on real estate. The editorial title was: Hong Kong City's trend is changing, and real estate is taking advantage of the momentum.
The day before, there were calls from various newspaper sales outlets asking for additional printing. The wives went back over the weekend and told Sun Chen's investment performance and views on real estate.
The bosses immediately recognized the value of this newspaper and asked their families and company management to subscribe. Some even asked to find previous issues. The whole city is looking for Star Daily News, raising the price of second-hand newspapers.
As soon as the Star Daily editorial came out, Hong Kong City burst into applause. The newspaper sold well, and Li Daxiao's reputation soared.
"Enough, Starlight Daily said it is enough, I will tell you that the feng shui dragon veins of Hong Kong City are about to change." Someone was blowing the feng shui.
"Sharp, this economic transfer theory is good and worth studying." Some people have taken a fancy to the industrial transfer theory.
"Yes, the contradiction between man and land is prominent." A certain company saw the contradiction between supply and demand, realized something, and was thinking about whether to report it.
"Yes, the port city is the window to the Flower Country. It seems that we should go to the Flower Country to investigate." A certain boss frowned and thought.
"The real estate economy is taking off. It seems that we need to increase real estate investment. Secretary Huang, let's see if there is a land auction this month." A certain boss took action immediately after reading the newspaper.
"Yes, the economy is good and real estate is rising. I have to hurry up and buy a house!" A white-collar worker secretly thought.
"Oh, real estate prices are going to go up. I'll ask the devil for the money tomorrow and start speculating in real estate!" a rich woman said heartily.
"Hmm, this building in Xinde looks good. Let's check it out in the afternoon." A staff member was thinking about how to find an excuse to take time off in the afternoon to go to the sales office.
"Yes, this Starlight Daily is well written. Land is limited this year, so I have to slow down the pace of land supply." After reading it, a senior Hong Kong government official called for a meeting to study the pace of land supply.
"Oh, isn't this editor Li the talented one who writes about babies? Such an image, so loving, how do you know I like babies." A certain nymphomaniac wrote a love letter to Editor Li.
……
Hong Kong City is boiling, Starlight Daily is popular, and Li Daxiao is even more popular.
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