Chapter 1405: Making history in the Asian financial world

April 1st.

In Western culture, this is known as April Fools' Day.

But Xia Yu didn't consider this.

On this day, the wealthy tycoons of Hong Kong would not believe that stock god Xia Yu was joking.

Early in the morning, the various tycoons went to the Peninsula Hotel with their invitations.

Outside the Peninsula Hotel, Aegis Security had already carried out a comprehensive security check.

Apart from a large group of reporters carrying long and short cameras entering the inner circle, everyone else was kept outside the cordon.

At first, many of the people present were not necessarily recognised by the reporters, even though they were all billionaires.

After all, the tycoons who received invitations were not only from Hong Kong and Macau, but also from Taiwan, the provinces and Southeast Asian countries.

As the time went on, the tycoons who arrived became more and more important, and the cheers at the scene became more and more intense. The journalists' film was like free money, and they kept pressing the shutter.

'Wow, it's the stock god, take a picture quickly, it's rare to take a picture of him once a year, and he really showed up!'

'Click...click...'

When Xia Yu's convoy arrived and he got out of the car, the entire outer field instantly became agitated, and the Shendun security staff were also on high alert, scanning the area with radar-like eyes.

'Stock God, take me to get rich!'

'Big guy, what's the threshold for the fund, are you managing it?'

...

The outer-most melon-eating crowd was also invigorated by Xia Yu's appearance, and many of them shouted at Xia Yu.

Xia Yu, who was walking in the middle of the red carpet, suddenly stopped, waved to the side, and someone immediately brought a microphone over.

This scene sent the adrenaline levels of everyone present soaring.

'The purpose of the establishment of Kirin Capital is to serve all customers who do not have the energy to invest, do not understand investment, but want to make money. For details, you can watch the financial news on GTV these few days, as well as the financial newspapers on the market.'

'Thank you all for your support!'

'Thank you, big shot!'

'Okay, I'll definitely watch...'

'Pop, pop...'

Amidst thunderous cheers and applause, Xia Yu waved his hand as he walked along the red carpet and disappeared from everyone's view.

Xia Yu was considered to have arrived very late, and it was Wang Qi who had been maintaining the atmosphere.

However, once Xia Yu entered the venue, he instantly became the focus of the entire crowd, and almost everyone subconsciously took a step forward, wanting to surround Xia Yu.

In the end, however, social status determined the distance from Xia Yu. The less powerful tycoons, seeing that the super tycoons had already taken the lead, could only look on in admiration.

'Mr Xia, Gongxi Fa Cai!'

'Mr Xia, long time no see.'

'Ah Yu, today we are once again following you to broaden our horizons.'

Lin Wenjing, one of the two great men of Indonesia, Wang Dehui, Bao Yugang, etc. all greeted Xia Yu.

'I'm also very grateful to everyone for coming. Yesterday, I was worried that half of the people wouldn't be able to come because I didn't send out the invitations,' Xia Yu said jokingly.

'How could that be? If you don't come to the reception you organised, then what's the point of running a business?'

'You shouldn't be so modest, haha...'

'Mr Bao is right, everyone is rushing to come to the reception you organised yourself, Mr Xia,'

'As far as I know, someone offered two million Hong Kong dollars, but they still couldn't buy it!'

The others laughed and chimed in, praising Xia Yu.

After a while of idle chatter, nearly a thousand people had gathered in the large venue.

When he saw that it was almost time, Xia Yu apologised to the guests around him and walked towards where Wang Qi was standing.

After checking with Wang Qi again, he discovered that all the invitations had been returned, and no one was absent from the reception.

It was almost 9am.

Without saying a word, Xia Yu strode with steady steps to the centre stage.

The whole venue fell silent, everyone's attention focused on Xia Yu, and the cameras on both sides were trained on him.

'Hello everyone, I'm Xia Yu, thank you to all our old and new friends for taking the time to come to today's reception.'

'I just looked, and all 1018 invitations sent out have been returned!'

'I think this should be the most important reception in the history of the Asian business community.'

'It is my honour, thank you all for coming!'

Xia Yu spoke loudly, smiling and bowing to the crowd.

In his current position, such a move naturally won thunderous applause.

'Thank you all!'

After the applause died down, Xia Yu smiled again to thank everyone and continued speaking.

'I know that everyone here has their own unique insights into investment, and many of you have a better investment acumen than I do.'

'Haha...'

As soon as these words were uttered, there was an instant burst of laughter from the audience. Everyone had only heard the first half of the sentence, and the second half was taken as a joke.

If someone really had a better investment acumen than Xia Yu, it would not be Xia Yu, who was in the prime of his life, dominating the whole of Southeast and East Asia.

'But I think that many friends focus most of their energy on running their businesses, and they lack the time and energy to invest.'

'So Kirin Capital was established, and it came into being to give everyone a choice to let their wealth appreciate.'

'I will be the chairman of this company, responsible for its strategic development direction.'

'And the president of the company is Wang Qi, I believe that he is no stranger to everyone.'

'Then next, Wang Qi will introduce the details of our Kirin Capital company.'

As Xia Yu finished speaking, amidst a round of applause, Wang Qi walked up from the side, while Xia Yu took the opportunity to go down and take the reserved seat in the front row.

Wang Qi smiled, introduced himself calmly, and then began to speak.

'Hello everyone, I'm Wang Qi.'

'I won't waste any more time on pleasantries, let's get straight to the point.'

'I believe you're all curious about the direction of development of Kylin Capital, and whether it will become the second Jiuding Securities Company.'

'I can tell you unequivocally that Kylin Capital will not become the second Jiuding Securities, but after studying with the chairman, Mr Xia Yu, Kylin Capital's goal is to become a financial company that far surpasses Jiuding Securities.'

'Its goal is to become the world's largest asset management company, and steady, long-term returns will run through Kylin Capital's present and future!'

'You can rest assured that you can entrust us with the investment management of your money, and we will do our utmost to use all our resources to increase the value of your wealth.'

'This time, we have launched three products: the Kirin Bond Fund No. 1, the Kirin Hang Seng Index Fund, and the Kirin Tianyi Mixed Fund No. 1!'

'...'

Everyone listened attentively to the following content, after all, only if they understood it could they decide which fund to invest in.

However, what Wang Qi said left many people dumbfounded.

Kirin Bond Fund No. 1 is a passively managed fund that focuses on the bond market. The annual management fee is 1% of the fund's net asset value, and the income share is only 10%!

Kirin Hang Seng Index Fund is also a passively managed fund. It is the first index fund in Xiangjiang, with an annual fund management fee of 1.2% and a fixed income share of 12%!

Kirin Tianyi Mixed Fund No. 1 is the only actively managed fund among the three funds. The risk is higher than that of the Hang Seng Index Fund and Kirin Bond Fund No. 1, but it is not the highest in the region.

The risk of a mixed fund is between that of a growth fund and a value fund. In terms of risk, it is not even ranked in the top ten among the funds under the Jiuding Securities Company.

Of course, because the risk is higher than that of the Hang Seng Index Fund and Kirin Bond Fund No. 1, the annual management fee is 2%, and the fixed income increase is 20%.

In terms of the annual management fees and income of these three funds, they are definitely considered low-end in the current context of Xiangjiang and Southeast Asia!

What's more, Kirin Capital is not without a reputation, with the two bigwigs Xia Yu and Wang Qi behind it.

The fund managers of the three funds are all Wang Qi!

This annual fee rate and profit-sharing ratio should not even be here, it's completely a matter of welfare!

Kylin Capital can charge much more!

For example, the star fund of Jiuding Securities, the Huijin and Huizhong series of funds that made its name, guarantees a minimum return of 20%, and the maximum tiered rate can even be 50%.

In contrast, the Tianyi Mixed Fund 1 has a lower risk, but also a lower fixed income ratio, which is the industry's lowest. However, the investment potential is extremely high!

Of course, the temptation is great, but so are the restrictions.

These three funds are all closed-end funds, with the Unicorn Fund 1 and Unicorn Hang Seng Index Fund both having a five-year closed period.

The Unicorn Tianyi Mixed Fund 1, on the other hand, has a three-year closed period.

There is no investment limit for any of the three funds, and there is no upper limit!

The issue of the lock-up period has a big impact, but it is also small. The key depends on the investor's confidence in the fund.

And when it comes to confidence?

Are you kidding!

If you have no confidence in Xia Yu and Wang Qi, then in Hong Kong and Macau, and in Southeast Asia as a whole, how can you have confidence in that financial tycoon?

So after Wang Qi finished speaking, many people instantly decided that they had to invest!

As for the investment share and the choice of investment fund, they also started thinking about it right away.

Bao Yugang and the others, on the other hand, saw something deeper.

As it happened, he was sitting next to Xia Yu, so he immediately leaned over and whispered to Xia Yu, teasing him, 'Yu, once these three funds are launched, the entire financial market is going to be in an uproar. Those mid-to-low-end funds won't be able to escape being harvested by you.'

'Congratulations in advance, Kylin Capital definitely has the potential to surpass Jiuding Securities.'

'You are a man of action, and when you do act, it's bound to make a splash!'

'I suddenly became very curious about how much money these three funds will be able to raise this year!'

Xia Yu looked at Bao Yugang and said with a smile, 'Actually, I'm quite curious too.'

After saying that, Xia Yu turned his head and looked behind him, and his anticipation grew stronger and stronger.