Reborn with Consumption System

Chapter 948 - 386: Everything Is Ready, Awaiting Success

Human nature is inherently cheap.After a few knocks, old Qiu finally got himself straightened out.

They casually found a tea room nearby, brewed some tea they brought themselves, and started talking about real business.

Han Lie was well-versed in the tactic of giving a slap and then a sweet date, so he proactively brought up the market: "Our fund caught a good time, building positions at the bottom just in time to catch the first wave of rebound. Next week, we should have no problem getting the net value to 1.2. Congratulations on your fortune, Mr. Qiu!"

A net value of 1.2 equals a 20% profit. Not much, but fast enough to open with a particularly good start.

Old Qiu broke into a grin upon hearing this.

"Congrats to us both! Thanks to your ingenious strategies, Mr. Han. Here, I’ll toast you with tea instead of wine, congratulations on your success at the first battle!"

They talked about stocks for a while, with old Qiu asking very thoroughly.

"When does your company plan to disclose the net values of its two funds?"

"Around the start of next month, then disclose once a month."

Han Lie had already planned this and explained in detail.

"The company is currently mass-opening targeted investor inquiry accounts. By then, our customer service will send you the manager registration code, investor account, initial password, and login methods. You can follow the instructions to log in to the [Private Equity Fund Information Disclosure Backup System] for various queries."

Old Qiu is an industry insider, but still felt dizzy from all this.

"Mr. Han, why make it so complicated? The Fund Industry Association doesn’t mandate that, does it?"

It doesn’t now, but it will in the future...

Han Lie laughed: "Isn’t the association exploring new regulation models? Laws, regulations, and even platforms themselves are still immature. But because of this, as a part of the association, I should provide support, take action, and help higher authorities quickly explore a universal system..."

Old Qiu patiently listened to Han Lie’s official-speak, pondering on his own.

Finally, he suddenly asked: "Did old Tang approach you?"

Wow? Smart!

Han Lie didn’t hide it, but was a bit surprised: "How did you guess?"

Old Qiu smirked: "The group up north wants to set up a new financial alliance, who doesn’t know that now? It’s not surprising that old Tang is willing to back them, trying to attract academic and financial forces from our side and reached out to you..."

Han Lie smiled and asked back: "You don’t think highly of it?"

"It’s damn useless!"

Old Qiu was very scornful: "Do you see anyone in our Magic Capital financial circle playing with them?

What talk about striving to become the Davos Forum in promoting financial internet, internet finance, and other financial innovations... What a load of crap!

Isn’t it just currying favor with superiors, preparing to make moves in the Fintech field, touting financial innovation?

It was started by Wu Yuqi, backed by old Xie from China Investment Corporation, they’ve contacted a lot of people, but no financial groups on our side are paying attention, has old Huang from SPD Bank or Jin Hang from Magic Capital Bank mentioned this to you?

I heard that Ping An, Minsheng, Alibaba Finance, and JD.com plan to give them some face...

Oh, by the way, how did old Tang find you?"

This stuff is too complicated...

Han Lie casually replied: "We’re not small in scale now. When filing the membership, they invited me to become a member of the Fund Industry Association, so I couldn’t possibly refuse from a rational standpoint.

Tang Jinxing is the full-time vice president of the association, who happens to be in charge of our membership matters, and we just happened to have two meals together."

Old Qiu mulled it over and finally decided to give Han Lie a heads-up.

"Mr. Han, this river and lake of ours, is especially deep.

The Fund Industry Association is a self-regulating organization, a private entity self-managed under the supervision of the Securities Regulatory Commission. Joining it isn’t a bad thing, but you shouldn’t take it too seriously.

Some people want to use this platform to do something, to seek advancement, it’s each person’s ambition.

You make money like picking it up off the ground, there’s no need to dive into the system, and even less need to be anyone’s ladder.

Since it’s just us two here today, I might as well talk to you in detail, treating it as casual chatting.

The group led by Wu Yuqi, they’re actually envious of the fast money in the financial circle, but don’t have the real skills to fight in the market. So at first, they started with high-end financial education.

Last August, her company held the first session of an advanced training class, all lecturers were top experts in the fintech field at that time—

Old Xie from China Investment Corporation, Vice President Cao of CITIC Bank, President Jing of Alipay, Chairman Tian Tuan of Broad Capital Fund, Chairman Yao of Debang Securities and also Chairman of Debang Fund, etc.

Hmm, students were department managers of commercial banks, brokerage firms, funds, trusts.

We don’t know if they said anything insightful. They’re Five DaoKou Financial System, and we’re mainly Fudan University and Shanghai University of Finance and Economics, we don’t interfere with each other.

In short, many people realize now that engaging in financial education platforms can make money, if it goes bigger, the whole think-tank model will mean more than just making money.

So, this group started preparing some new financial alliance, essentially a civil academic organization built on the fast track of financial innovation.

It’s already late March, right?

They plan to hold some summit in June, inviting people to back them everywhere.

With your academic status, you definitely aren’t qualified to speak on stage.

But with your practical ability, befriending them brings them only benefits, no harm, and strengthening ties could help everyone group together in the future, right?

But do you need it?

You earn more from a single lecture than they do from running a training class, and your market practical performance is even more astounding. Given time, you might form your own school, so why wave flags and shout for others?