High School Belle Fell in Love with Me

Chapter 614: Chapter 265: We’re Doing Good Deeds for Them

"Oh? Hit the limit up?"

Jiang Baichuan was somewhat surprised.

News about Wanliu Capital, in essence, is a trivial matter to him. He’s too busy dealing with big issues every day to pay attention to these small matters unless specifically reminded by someone.

As for reading the news? He’s finally on a break for a few days, so he surely wants to rest well.

A single company hitting the limit up is a trivial matter.

If it weren’t for Jiang Banxia, Wanliu Capital hitting a trillion would barely catch his attention.

He took a closer look, and the related news emerged.

"That closed-end fund settled?"

Jiang Baichuan had someone retrieve the relevant information on that fund because it made money in foreign exchange, needing to be exchanged through the bank.

Foreign exchange, in essence, isn’t really considered money because the moment any foreign exchange comes in, it’s already been exchanged once.

However, foreign exchange is extremely important in the financial system, especially to prevent domestic capital outflow, so there’s rather strict regulation of foreign exchange domestically.

If it’s just for doing business, you can pretty much exchange as much as you want; currently, there’s plenty of foreign exchange available.

The reason they were reluctant to issue more QDII fund quotas before was because financial management is rather difficult, as some would seize the opportunity to transfer funds.

Wanliu Capital actually made 7.5 billion US Dollars this time?

It’s pure profit, equivalent to increasing the domestic total wealth by another 7.5 billion US Dollars.

After converting this money, it can be directly printed without causing inflation.

"Trouble, looks like I gave too little."

Allocating foreign exchange quotas isn’t a big deal for Jiang Baichuan; as long as Jiang Banxia genuinely wants to use it for financial investment, he’d be more than happy to give more.

The fact is that domestic institutions haven’t had much success abroad, and financially, they have been led by the nose by Wall Street.

The US Stocks aren’t in a long-term bull market. They may appear to be, but at any moment, they might harvest midway.

They can find any excuse to harvest a wave.

You could be holding positions for two years, earning thirty or forty points, and then suddenly create a crisis—US Stocks’ bubble is about to burst, dropping thirty or forty points in a short time, making it seem hopeless to break even, forcing you to awkwardly rebalance your portfolio.

And then... they pull it up again.

There are many skirmishes in the middle; no one dares to say they can hold out to the end.

Wall Street doesn’t specifically target domestic funds; it’s purely incidental when they harvest their own people.

"Jiang Banxia is impressive..."

After looking at the data, Jiang Baichuan discovered that Jiang Banxia had an exceptionally detailed grasp of the overall market trend. Starting to go long in May of last year, and then reversing to short in early February this year.

Being able to act so freely is also due to the smaller fund size. If it were a size of a few hundred billion dollars, it wouldn’t be possible.

"A hundred times better than those idiots domestically! They clearly made money recently, yet the more it rises, the more they buy... And now they’ve raised their costs to the extreme!"

"If you don’t take profits after making money, when will you? Waiting until you lose money to pull out?"

Jiang Baichuan sighed deeply.

Strictly speaking, it’s not entirely their fault.

Simply put... when making money, there’s a lot of capital, and investors buy only when it’s rising.

So during the rising phase, they have no way to reduce their holdings; instead, they have to increase their holdings.

When they start losing money, investors begin to redeem, leaving them no choice but to reduce their holdings, subsequently intensifying the downtrend, essentially sabotaging themselves.

The more they crash, the more investors panic, creating a vicious cycle.

And fund managers, trying to earn as much management fee as possible, certainly won’t have too much cash on hand. After all, when holdings rise, the management fee can also be more.

"Just dumb! None of them know to reduce holdings; reducing holdings is equivalent to reducing risk..."

"If you can’t foresee risks coming, what kind of fund manager are you!"

"Risking investors’ principal for that bit of management fee!"

"Still, Jiang Banxia is impressive..."

He had already seen online speculations about Wanliu Capital’s profits this time.

And he had more detailed data on hand.

42.3 billion!

In just one year, Wanliu Capital made so much money through just a few trades.

"And to think she did this while pregnant, remotely controlling Li Yang. If she did it herself... hisses..."

He decided to give Jiang Banxia another call.

He left a business card for Jiang Banxia, but she never called; instead, Li Yang called once to request a QDII fund quota.

Jiang Baichuan was not the least bit dissatisfied. It’s normal for someone like Jiang Banxia to have some pride.

After the call connected, he chuckled and said, "Jiang, long time no see. If you have time, come over for a meal, and we can have a chat."

"Today I have no particular business, just saw Wanliu Capital’s achievement and specially called to congratulate you."

"It was Li Yang’s contribution? I understand... You both can come over together, and I’ll treat you to dinner. But make sure Li Yang doesn’t start talking, or I’ll get a headache..."

"Alright, alright, I saw your new fund products from Wanliu Capital, and I’ll expedite the review for you."

...

After hanging up, Jiang Baichuan was in a good mood.

Jiang Banxia is considerate, not only having a sweet voice but also being quite polite.

Unlike that guy Li Yang, who starts every sentence with threats, threatening this, condemning that, and sometimes taking the moral high ground to criticize others.

Dealing with someone like Li Yang too often, he might end up with a stroke.

He took another look at Wanliu Capital’s market, tightly sealed.

At this point, he realized one problem.

"Bought too little!"