My Fintech Empire

Not long after Fang Hong ended his phone call with Luo Qingan, Tian Jiayi also came back from the company and brought back Qunxing Capital's 2015 financial report.

At this moment, in the study room upstairs, Tian Jiayi handed the materials to Fang Hong and said: "The company's 2015 financial data audit results are out. Last year's full-year revenue was 3,781.898 billion yuan, a year-on-year decrease of 14.01%; the full-year net profit was 1,052.167 billion, a year-on-year decrease of 37.35%.”

Qunxing Capital's revenue and profit dropped in 2015. This is not surprising, and it is in line with Fang Hong's expectations, because the previous value base in 2014 was too large, and Wall Street made huge profits that year. The revenue and profit in 2014 increased by Showing a doubling trend.

But this situation does not happen every year, it is rare.

During last year's big A catastrophic market, Qunxing also spent a lot of money to rescue the market, so there was a double drop in performance in 2015. But this does not mean that Qunxing declined last year. In fact, the steep growth curve in 2014 was After all, the growth curve of Qunxing has been stable in the past five years, maintaining an average annual growth rate of over 30%.

This can be seen from the total assets at the end of 2015.

Financial report data shows that Qunxing Capital's total assets at the end of 2015 soared to 16,539.225 billion yuan, a year-on-year increase of 24.51%, exceeding 16.5 trillion in total assets, and achieved a growth of 3.25 trillion throughout the year.

Judging from the company's balance sheet, Qunxing Capital's liabilities in 2015 not only did not exceed one trillion, but also did not even touch the 700 billion line.

Of course, the current asset size of Galaxy Capital has soared by more than 16 trillion, which is also due to the stock prices of listed companies under its Galaxy Capital Group hitting record highs. Is there a bubble? The answer is yes, but these bubbles will eventually be filled by value growth, and will only reach new highs in the future.

Fang Hong looked at the financial report data and said to himself: "Not bad. If A-shares hadn't plummeted in the second half of last year, 17 trillion would not have been able to escape."

Qunxing Capital also holds many core assets of A-shares. The total scale is measured in trillions. Specifically, it holds heavyweight blue-chip stocks such as Maoti, Wuliangye, and Zhongguo Pingan.

These listed companies basically suffered a sharp decline or even halved in the catastrophic market in the second half of last year. However, Qunxing did not choose to cash out at high points to avoid risks. The core assets it held suffered the decline along with the market, and these assets shrank accordingly. Quite a few. Until now, many of them are lying at the bottom and not rising much.

After a while, Tian Jiayi said: "This year's growth will be a very eye-catching figure. In the first month of the year, we made a trillion dollars in the foreign exchange market. This does not include the profits in the international foreign exchange market."

What I have to say is that with Star Capital’s current terrifying size, if it wants to maintain strong and high growth, in a sense, it requires a sudden black swan event.

Either it requires a certain cutting-edge technology to usher in a revolutionary breakthrough, which will bring unprecedented new growth points.

If not for the sudden changes in the foreign exchange market at the beginning of this year, Qunxing would have earned 1 trillion less.

Fang Hong said with a smile: "I will definitely make a lot of money this year. This is just an appetizer at the beginning of the year. The fun will come at the end of the year. Don't worry, let's wait for them to deliver it, haha..."

The biggest harvesting target of the U.S. dollar tidal circulation is the wealth of the great Eastern countries. How can we give up now that we have not achieved our goal? The high-rise bubble in the U.S. stock market needs to be filled by harvesting the world's wealth. This is a major internal logic why the U.S. stock market can continue to hit new highs every year.

Therefore, international short forces are bound to make a comeback again.

The main performance growth point of Qunxing Capital this year is the game in the foreign exchange market. As for next year's core growth point in 2017, he has also found and has carefully laid out it for several years, which is the entire cryptocurrency market represented by Bitcoin.

In fact, all of these are not isolated incidents. In fact, they are all deeply related. There are many dirty money and wealthy people in the mainland who have fled. This year, Fang Hong beat them up in the foreign exchange market and screamed, and the stars ruthlessly harvested trillions of wealth. .

But they won't run away? How can it be? You still have to run, but you have to change places.

Therefore, people who have not yet profited but want to profit after seeing the lessons of their "predecessors" will inevitably use other channels. After a closer look, hey, encrypted digital currency seems to be a very good channel...

Little do they know that this circle is one inside another, commonly known as a trap.

Fang Hong has cast the net here for many years, waiting for them to come and die, and has made clear arrangements.

At the end, Fang Hong looked at Tian Jiayi and asked: "What is the situation of public and private placements? Especially the data in January."

Tian Jiayi replied: "According to the data compiled by the company, in January this year, A-shares encountered four major circuit breakers, new rules remained unchanged, the opening of the Singapore Exchange, and the depreciation of the RMB. A series of market shock factors, public funds The scale shrank by 1,143.5 billion yuan, a shrinkage ratio of 13.62%, far exceeding the scale of July after the stock market crash last year, setting a record for the largest single-month shrinkage in the fund industry."

Fang Hong knows the data from last year. At the end of July last year, the scale of public funds decreased by about 240 billion yuan, a ratio of only 3.35%. Then in August, the scale dropped by another 240 billion yuan, a ratio of only 3.47%.

It can be seen that the big A market in January this year was really miserable, and all investors suffered huge losses.

It’s not without reason that many public funds are now competing to launch SGX-themed fund products. Citizens have suffered so much that they don’t dare to subscribe to funds on the main board, so they just accept the SGX.

The Shanghai Stock Exchange Index fell from 3,500 points at the beginning of the year and is still barely standing at 2,900 points. Looking at the SGX next door, the SGX 50 Index is about to break through and hit a record high. We are also playing in Big A and participating in the SGX. Most of the investors who bought the NSE 50 ETF made money during the slump in the first quarter of this year, and even if they lost money, they were much less than the main board.

Why don't public funds want to launch fund products on the main board, but they can't sell the themed fund products on the SGX? If you don't fix it, all the money here will be made by your peers. How will you get the ranking at the end of the year...

Therefore, we can only follow it, and we can’t live with the money.

Tian Jiayi added: "In addition, private equity funds have not been able to avoid this round of plummeting prices. Among them, according to incomplete statistics, private equity funds recorded negative returns on average in January, and the overall average decline exceeded -15%, while private equity liquidations hit a record high in recent years.”

Hearing this, Fang Hong couldn't help but nodded: "Well, almost, that's right."

Many private equity funds suffered losses or were even liquidated. The money they lost did not disappear out of thin air. A considerable amount was indirectly transferred to Qunxing Capital's income statement, because at the beginning of the year, when the game in the foreign exchange market was the most intense, many of them were offshore. Those domestic private equity institutions that saw repeated jumps in the exchange rate market had to cut meat from the big A stock market to fill the hole in the foreign exchange market, and their opponent was Qunxing Capital.

They lost money, which also shows that Qunxing made a lot of money.

"I have also looked at the performance of its main subsidiaries, and they are all pretty good, especially those that have been listed. Let's disclose the annual reports one after another in the next two days. Say hello to those leaders later." Fang Hong said. Putting aside the materials in it, he thought for a moment, then looked at the beautiful assistant and ordered: "By the way, say hello to Zhongtai, Pengrui and other cooperative institutions, and cooperate with the annual report disclosure to break through the NSE 50 index and start a new round of rise." aisle."

…