280: Chapter 279: Who Can Cure Him?
280 -279: Who Can Cure Him?
A new year ushered in a fresh batch of rankings.
Forbes magazine fired the first salvo of the New Year, promptly updating the list of the top ten richest people in the country.
After reigning for two terms, surpassing Superman Li last year to beco the world’s wealthiest Chinese, Old Wang saw his assets plumt by 12.1 billion US dollars, dropping him from the top three of the list.
The Shuangma Group remained a fixture in the top three.
Take Old Ma as an example, last year he was second on the list with 28.2 billion US dollars.
This year he grew by 10.1 billion US dollars, but still remained in second place, with Little Ma perpetually in third place.
Last year’s eighth-placed Hengtai Xu soared this year, with a fortune of 42.945 billion US dollars, inheriting all of Old Wang’s titles and powerfully seizing the top spot of the rich list.
A photo of him with a seductive stance and a beaming smile as he walked went viral on the entire internet and successfully popularized the Hermès belt.
Beyond becoming a focus of attention, netizens didn’t forget about Lu Liang, the newcor who entered the scene in the past two years.
But flipping through, they couldn’t find Lu Liang’s na anywhere.
The last spot on the list went to Xue Xiangdong of Donghua Computer, he and his family, with a fortune of 2.28 billion US dollars, beca the gatekeeper of the dostic rich list.
Clearly, Lu Liang, who had been causing a stir over the last two years, hadn’t reached a fortune of 2.28 billion US dollars.
Fortunately, Forbes understood what the netizens of this era liked and quickly updated the global billionaires list as if lightning had struck.
The threshold for this list was rely one hundred million dollars.
There were 2,257 billionaires on the list globally, with 325 new additions this year.
The United States led with 640 people on the list, maintaining the top spot with an absolute advantage.
China was second with 351 people.
Lu Liang, Little Wang, Douyin’s Yang Zhen, Byte’s Zhang Yiming, and Pinduoduo’s Huang Zhen and others made the list.
Lu Liang, with a fortune of 1.335 billion US dollars, ranked 642nd among global billionaires.
"Damn, with more than two thousand people, my eyes almost went blind looking for him.
Was Liangzi this underrated?”
“1.335 billion US dollars, not even ten billion RMB.
Even a dog would shake its head.”
When Lu Liang heard the public opinion, he was speechless.
In reality, Forbes’ list wasn’t accurate; his actual wealth was probably more than a hundred million dollars above the amount listed.
Round it off, and he’s a billionaire.
Aside from those who inherited family wealth, he must be the youngest billionaire in history.
These damn people,
How dared they say, “Even a dog would shake its head?”
They showed no respect at all,
To him, the newly minted billionaire.
Luckily, several other non-wealth rankings imdiately vindicated Lu Liang.
He topped lists like the global top ten fund managers, the 30 most influential investors dostically, the ten most influential business figures of the year, as well as the country’s best venture capitalists, claiming number one or entering the top three.
Baidu’s personal entry promptly added more than a dozen social honors, calling him the hotshot in the investnt world was not an overstatent.
"That’s more like it.”
Lu Liang revealed a satisfied smile,
Everyone has vanity.
Those who loudly claim not to care about so-called rankings are all hypocrites, and all fake.
Because influential rankings are not just vain notoriety; they represent social honor and social status.
Take Wanda’s Old Wang as an example.
This year his fortunes plumted by 12.1 billion US dollars, and once the list was updated, banks would inevitably reassess Wanda’s credit system.
After all, Wanda had pledged a lot of equity for loans.
If their assets could not cover their debts, banks would demand additional collateral.
This made Wanda’s already tough situation even tougher, yet Lu Liang waited for a long ti without hearing any news about Little Wang wanting to redeem his fund shares.
From this, he inferred that either it was too difficult, and they were giving up, or it wasn’t as hard as imagined.
Amidst various discussions, when the 8th arrived, Tianxing Mixed Fund opened its third funding subscription channel.
The scale was still 20 billion yuan,
In four and a half minutes, it was once again sold out.
More inside information was also exposed by those in the industry; Tianxing Mixed Fund indeed invited several institutions to join.
They were the Saudi Sovereign Fund with 65.5 billion, Modu Social Security Bureau’s 45 billion, and the State-owned Xiao Xin’s 50 billion yuan.
With a fundraising scale of 300 billion yuan, these three institutions directly accounted for 160.5 billion yuan, over 50%, leaving only 139.5 billion yuan for the public.
So far, the subscription channel has opened three tis, the first ti with 30 billion yuan and the second and third with 20 billion yuan each, now only 69.5 billion yuan remains.
Based on the amounts from the second and third subscriptions, theoretically, subscriptions will open four more tis before the fundraising period ends.
Once the news broke, there was a public uproar.
Shareholders and mutual fund investors scrambled to redeem governnt bonds or funds; their ti was running out.
Several small and dium-sized fund companies, gnashing their teeth in hatred, joined forces to lodge a protest with the Silver Supervision Committee and Securities and Futures Commission.
They accused Tianxing Investnt of disrupting market order and engaging in vicious competition, hoping for justice from above to properly sanction them.
Financial and derivative products are not allowed to be promoted.
But Lu Liang was shaless, possessing such strong market appeal and still playing the hunger marketing ga like Xiaomi.
Every four working days, releasing tens of billions in shares, each ti like a flash sale.
Sold out as soon as they went live, and each ti, faster than the last.
Without needing active promotion, netizens and investors spontaneously propelled it to the top of trending searches.
Thus, more people who were unaware also learned that Lu Liang was launching a Public Fund with a minimum threshold of only 200 RMB.
What the fuck, what’s the point for them to even try, working hard all year to sell funds, just barely making the annual performance target, ready to sit down together and share the spoils.
However, the appearance of the Tianxing Mixed Fund with an initial size of 300 billion directly caused most small and dium-sized fund companies to cancel year-end bonuses.
Last year they t their targets and even exceeded expectations; that’s true, but the first quarter of the New Year will definitely see a precipitous decline.
Whether their own fund companies can last until the end of next year is questionable, so how could the managers give out bonuses to the staff.
"There’s chaos where waters are shallow, and demons thrive in small temples.”
Lu Liang gave a scornful smile but did not step forward to respond.
He simply had a Mr.
Zhang, who wished to remain anonymous, leak the news that Tianxing Mixed Fund was being targeted by certain individuals and businesses within the industry.
Subsequently, investors who heard the news were uncontrollably enraged, completely trashing those fund companies.
"Fuck’s sake, Wanjia Fund didn’t even have a bad market last year, finishing with a loss of -8.25%.
I don’t know how they managed that, now they have the cheek to criticize others?”
"And there’s Dacheng Fund, with a scale of 20 billion, losing 2.986 billion last year, yet they still planned to distribute 500 million in dividends as a reward at year’s end, I suggest the Securities and Futures Commission launch a thorough investigation to see if soone is lining their own pockets, mixing public and private interests.”
The average pay in the financial industry is very high, though it’s seldom disclosed, it’s definitely at the top across all industries.
If they made money for investors, then high compensation would be acceptable, but even with funds losing money, still paying such high salaries is sothing countless investors cannot tolerate.
Tianxing Mixed Fund might be a new product, but its manager is Lu Liang, with a track record that dazzles any naysayer.
Investors see Lu Liang as the industry’s savior, and if the Securities and Futures Commission were to be swayed by the slander and take asures against Tianxing Fund, it would undoubtedly be cutting off their financial ans.
They can’t excel by themselves and don’t want others to either.
If these deceitful villains succeed and they don’t force them out of the market, they would lose their path to wealth.
Cutting off soone’s livelihood is like killing their parents; the animosity of the investors is terrifying.
They are determined to allow Lu Liang to lead them in making money.
They don’t just talk; they take action.
Suddenly, the fund companies, filled with resentnt, found themselves forced to hastily retract their accusations and admit their errors.
Because behind-the-scenes redemption orders were skyrocketing, almost reaching the threshold for delisting.
Countless fund company managers let out a helpless wail: “Who can manage him?”
They had not failed to consider more unorthodox strategies, but Lu Liang was not an ordinary public fund manager.
He was once the manager of a bi-currency private fund with over six billion dollars in assets, and the fund’s investors included top elites from across the strait and the region.
Although he has left private equity, apart from Tianxing Investnt having indirect equity, he’s no longer connected with private equity funds.
But anyone with a clear sight knew that Sun Yutao was just a puppet, and behind the scenes, it must still be Lu Liang managing the private funds.
This ant that the private fund’s investors would still protect Lu Liang’s safety, ensuring he could continue to make money with peace of mind.
If any of them dared to have ill thoughts about Lu Liang, they would definitely be thrown into the sea to feed the sharks.
Now, Lu Liang had moved to public funds, gaining the support of countless ordinary people.
Unless myths no longer existed,
Or the state intervened, no one could really manage him.
But fulfilling these two conditions was very difficult.
Unless Lu Liang went completely against the market and was ultimately proved to have made the absolute wrong choice.
Otherwise, it would be hard for the myth to collapse, even if his choices weren’t particularly accurate.
But those who followed blindly would help him turn choices into the right ones.
The financial industry is almost the most herd-like of all industries because finance is about investing in the future, and no one can say for sure what the future market will be like.
So, the market favors people who have already achieved fa, and with Lu Liang’s influence in the market, even if he favored a lump of shit, it would be hyped up to the price of gold.
And the country has indeed made a move.
A day later, an official statent was released advocating for environntal protection and early global carbon neutrality, announcing the establishnt of the World New Energy Automotive Conference, planning to host the first session on Hai Island.
58 board mbers from around the world were confird, and besides the leadership of dostic and joint-venture car companies, there was one more new face.
Among the board mbers averaging 48 years old, Lu Liang, having just turned 32 even if counting the new year, looked particularly youthful.
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