My Fintech Empire

On April 3, the negotiation with Ice City was officially finalized and announced to the public. Ice City was the most impatient and announced that the Star System Enterprise would lead a group to enter Ice City, making this matter quickly become a done deal and saving the variables.

As the news came out, some cities around that had ideas could only sigh helplessly. After all, Ice City took over the wealth poured out on this day.

The citizens of Ice City were also very excited, because there were rumors that the Star System Enterprise would lead a group to open a regional headquarters, vigorously develop business and a series of investments again, which would directly bring millions of new jobs.

Moreover, these are all direct recruitment positions of Star System Enterprises. Those star-level enterprise technology companies are what countless people want to get into. The second-level Star System-related subsidiaries are also ideal job-seeking places for many people. Even if the welfare benefits are not as good as those of the star-level companies such as Xingyu Technology and Matrix Quantum, they are still much better than those of the same industry.

Of course, the competition for positions is also fierce, which is normal. After all, this is a superpower with a population of 1.4 billion. Relatively speaking, high-quality positions such as star-shaped enterprises are still in short supply, so naturally there is competition for positions.

Undoubtedly, it is best for citizens living in the Ice City to be able to work in star-shaped enterprises without going far away. Even those who cannot be employed will benefit indirectly, such as surrounding shops and small stalls. They will benefit to varying degrees, because the arrival of star-shaped enterprises can greatly boost local economic development and consumption power, bring a large number of high-income jobs, more people will have higher incomes, and consumption will naturally increase.

…

Time came to Tuesday, April 10. On this day, the A-share market, the New Securities 50 Index broke through the previous historical high and set a new high, closing up +3.23% at 3669.88 points, and the SGX market had a full-day turnover of 673 billion.

The next day, Wednesday, although the SGX market shrank by 512.6 billion, the SGX 50 Index closed up again by +1.16% at 3712.35 points, setting a new record high and standing above the 3700-point integer mark for the first time.

In contrast, the Shanghai Composite Index closed at 3028 points during the same period, which opened up an absolute value gap of more than 500 points from the SGX 50 Index.

This rise to a new high is also accompanied by the smooth progress of the "Singapore Hong Kong Stock Connect" and continuous good news. The offshore RMB exchange rate also continued to strengthen and has appreciated to 6.2360. It should be noted that two years ago, it once depreciated and was close to breaking the 7 mark.

Previously, because of the rumor that Qunxing Capital was going to be kicked out of the SWIFT settlement system, a lot of overseas capital that wanted to invest in the SGX market stopped flowing in, and even outflows occurred.

However, after so long, America's previous shouting was fierce and frightened many people.

Now it seems that there is only a lot of thunder but little rain, or even no rain. Until now, it is still just talking about kicking out the SWIFT settlement system, but no substantive action has been taken.

Qunxing Capital did not even pay attention to it, and has not responded to it so far. It has been busy doing its own things. Fang Hong really has no time to deal with so many things. Anyway, he is sure that America will not dare to do it.

He just ignored it, which made America very embarrassed. At least you should give some reaction. I am very embarrassed by your ignoring like this.

Obviously, this is a game of cowards.

Fang Hong knows America's nature too well. On the surface, it seems that she wants to overturn the table with you, but in fact, America is the one who is most afraid of being overturned.

When overseas capitals saw this, some people gradually realized that America did not dare to really overturn the table.

So, funds began to flow in again, actively preparing and waiting for the opening of the capital entry channel of the "New Hong Kong Connect" in the SGX market.

During this period, when it was still negotiating with Bingcheng last month, Qunxing Capital was doing another thing, frantically acquiring land in the cities where many of its subsidiaries are headquartered.

Not all subsidiaries are headquartered in Xincheng. Qunxing Capital now invests in companies, regardless of the equity ratio, as long as the participating companies are in it and have not closed down and are still in the operating stage, there are as many as 17,000 companies, which is several times the size of A-share listed companies, involving various industries, and the number is still steadily rising.

Now this number is still excluding some dead startups. Not all companies invested by Qunxing Capital can survive. In fact, there are more than 12,000 companies that have not gone out of the A round of financing in the incubation stage.

Qunxing Capital is rich and powerful. The current investment strategy is to cast a wide net. If it is optimistic about a track, it will directly invest in several companies together, especially in the angel round of financing. After all, this investment stage does not cost much money, and the financing for investing in one company ranges from 500,000 to 5 million.

After casting a wide net, the "raising insects" strategy is adopted. A sum of money is invested in each of them, and then they compete with each other based on their own abilities. Whoever stands out will follow up and lead the next round of investment, while the unsuccessful ones will be eliminated. In this way, the screening is carried out layer by layer, just like raising insects.

There are tens of thousands of companies invested by Qunxing Capital, but only about 1,770 companies have a controlling stake. These companies can basically be sure to survive without any problems. They have successfully passed the start-up stage and matured. The next step is to further strengthen and expand, and then seek to be listed on the SGX market, so Qunxing will hold a controlling stake in them and become a real Qunxing subsidiary.

More than 97% of these 1,770 holding subsidiaries are large-scale enterprises, with more than 1,000 employees, total assets of more than 500 million yuan, and annual revenue of more than 100 million yuan.

A small proportion of companies have a small number of employees, perhaps only dozens or one or two hundred employees, but they are high-tech and have great prospects. The company is not large in scale but the annual revenue can easily reach tens of billions or even higher.

These companies or teams are often "seed" players under Qunxing, and are expected to become top players in the future or even rise to become new industry giants and discover a brand new industrial chain.

At present, the number of employees of the holding subsidiaries under Qunxing has reached an astonishing 13.96 million, accounting for about 1% of the national population, and all of them are taxpayers. Including the spouses, children and family members of these employees, the lives of more than 37 million people have been directly affected, which accounts for 2.5% of the national population.

Not to mention the indirect population scale, which must be over 100 million. This is why America can only talk about it but dare not really kick Qunxing Capital out of the SWIFT settlement system.

America also knows that doing so is equivalent to completely turning the table over. If you are not mentally prepared to turn the table over, you will never dare to do it seriously, because Rabbit will never allow Qunxing to explode into a systemic crisis.

Qunxing Capital is frantically acquiring land and bidding for land, which is naturally implementing Fang Hong’s previous decision to provide free housing for the formal employees of Qunxing. This is a large-scale welfare project.

…