Chapter 1467: Xia Yu's layout

Fok Kin-ning suddenly had a flash of insight.

'Chairman, you plan to let other forces take the front line and attract the firepower, and then we will take advantage of their weakened position to enter these countries and regions.'

Xia Yu smiled and nodded: 'Not bad.'

Europe's total economic output can rival that of the United States.

What's more, it surpasses the United States!

Although it doesn't surpass it by much.

But when you think about the total economic output of the United States, in addition to accommodating ten super-giant consortia, there are also large and small families and consortia below.

The economy of Europe is nearly fifty times that of the prosperous Hong Kong of today!

In the past, Xia Yu managed to enter Europe, but it was mainly due to the Bright Foundation, which had a British background. The Jiuding Foundation, which had its roots in Hong Kong, did not enter Europe too deeply, as it was blocked by an omnipresent barrier.

Even the Bright Foundation, although it is already a first-class European consortium, its main base is still in the UK and France.

Although the Bright Foundation has branches in various European countries, many of the companies under the Bright Foundation also have branches and operations in various countries.

However, none of them are among the top ten in their fields, and their influence is not enough to serve as the Bright Foundation's local foundation.

And in Europe today, the strongest economy is not the United Kingdom or France, but West Germany.

France is in second place, and the United Kingdom is in third place.

Keep going down the list.

They are Italy, Spain, the Netherlands, Switzerland, Sweden, Belgium, Austria, Denmark, Norway, Poland, Finland, and other countries.

In terms of total economic output, Italy, the fourth-largest economy, is almost on a par with the UK, the third-largest economy!

And the combined economic output of Spain, the fifth-largest economy, and the three Central European powers of Switzerland, Sweden and Belgium is only comparable to that of Italy or the UK.

But in any case, these countries have not yet been deeply penetrated by Xia Yu, and this is a golden opportunity that must be taken advantage of.

As for South Africa:

Although South Africa is currently embroiled in social unrest caused by the divestment campaigns started by Europe and the United States, it is still a country with a gross domestic product of over 100 billion US dollars.

It is still the only developed country in Africa.

If, in a few years' time, the Boer regime is toppled and Mandela comes to power, then South Africa's economy will definitely decline.

But whether the economy declines or not is a different matter from whether you can make money.

As long as you can establish a sufficient foundation in South Africa, there are ways to reap sufficient benefits.

In addition, South Africa, the only developed country in Africa, has a different status in the hearts of the people of various African countries, and this is a special platform.

In the future, Xia Yu needs such a platform to realise more of his visions in Africa.

This is Xia Yu's top-level design.

As for the specific implementation plan, it needs to be created by taking into account the economic and social realities of each country, as well as the situation of Xia Yu's business empire.

This requires the collective wisdom of the think tank to be able to be completed efficiently.

After briefing Fok Kin-ning, Fok Kin-ning went down to implement the plan with a high spirit.

Just as Xia Yu finished a pot of tea in his office and was about to go out to relax for a while,

Wang Qi and Xu Chongguang arrived together.

'Why are you both here together? Did you make an appointment?'

Xia Yu asked with a light smile as he watched Wang Qi and Xu Chongguang enter together.

Xu Chongguang replied with a smile, 'Chairman, I happened to meet President Wang in the elevator and asked him a question. I learned that he was here to report to you on his work, so I came along together without communicating with Director Huo in advance.'

'Sit down and talk,'

Xia Yu smiled and didn't mind, beckoning the two to sit down.

'You've both finished the annual report? Let me see it.'

Xia Yu said, glancing at the two men a few times, before finally settling on Wang Qi.

Wang Qi immediately took the organised annual report out of his bag and handed it to Xia Yu with both hands.

'Chairman, this is the operating situation of Kylin Capital Company last year. As for the report of the Xiangjiang Business Exchange, the analysis level is not thorough enough. I will let the people below continue working on it, and it will take a couple of days.'

'Good,' Xia Yu nodded, without saying much, and read the report first.

As the highest-profile asset management company in Hong Kong, Kirin Capital has attracted much attention since its establishment in March 1986, and Xia Yu has high expectations for it.

Kirin Capital started off extremely well, raising a total of 51.75337 billion Hong Kong dollars in six funds as soon as they were established.

With such a large amount of capital, it is relatively difficult to operate.

And considering the high profile of Kirin Capital, in order to expand better in the future, it needs to achieve outstanding results in the first year. Therefore, apart from the six funds established at the beginning, no new funds were established throughout 1986.

And Xia Yu also deliberately slightly favoured Kirin Capital with the various resources of the consortium to boost its growth.

And the annual report of Kirin Capital submitted by Wang Qi also proved that Xia Yu had not misjudged the person.

Wang Qi has indeed lived up to his expectations and managed the company very well.

The three private equity funds and three public funds have all developed very well.

Kirin Bond Fund 1 is a private equity fund with an initial capital of 4.78 billion Hong Kong dollars. Currently, the capital is 6.14815 billion Hong Kong dollars, an increase of 1.36815 billion Hong Kong dollars, a growth rate of 28.62%!

Kirin Hang Seng Index Fund 1, a private equity fund, started with HK$13.47 billion in capital and currently has HK$22.71 billion in capital, an increase of HK$9.24 billion, or 68.62%.

Kylin Tianyi Mixed Fund No. 1 is a private equity fund with an initial capital of HKD 14.18 billion. Its current capital is HKD 25.62 billion, an increase of HKD 11.44 billion, or 80.69%.

Kylin Bond Fund 2 is a public fund with an initial capital of HK$2.57376 billion. Its current capital is HK$3.31863 billion, an increase of HK$744.87 million, for a growth rate of 28.94%!

The Kirin Hang Seng Index Fund 2 is a public fund with an initial capital of 6.068 billion Hong Kong dollars. Its current capital is 10.41557 billion Hong Kong dollars, an increase of 4.41489 billion Hong Kong dollars, a growth rate of 73.57%!

The Kylin Tianyi Mixed Fund No. 2 is a public fund with an initial capital of 10.74893 billion Hong Kong dollars. Its current capital is 21.93185 billion Hong Kong dollars, an increase of 11.18292 billion Hong Kong dollars, a growth rate of 104.04%!

The Kylin Tianyi Mixed Fund No. 2 is the only fund with a growth rate of over 100%.

At the company level, in less than a year, the capital base has grown from HK$51.75337 billion to HK$90.14867 billion, an increase of HK$38.3953 billion, or 74.19%.

Of course, because Kylin Capital is not the same as Jiuding Securities, it does not have its own funds, but manages the assets of investors.

And because the investment types and risks of these six funds are different, the annual management fees and performance fees are also different.

After some calculations, over the past year, according to this income, Kylin Capital should have received management fees of 805.76 million Hong Kong dollars and performance fees of 6.37516 billion Hong Kong dollars.

After deducting some of the income that Kylin Capital should have received, the actual annualised rate of return that investors have received is quite different from the growth rate.

Even so, the lowest annualised rate of return was 24.76%, and the highest was 81.23%!

This kind of rate of return, if placed in Southeast Asia as a whole, would be enough to sweep a large area, and it is definitely something that can be produced.

However, because these six funds are all closed-end funds, with the shortest closed period being 3 years for the Kirin Tianyi Mixed Fund 1 and 2, and 5 years for the other four funds, this annualised rate of return can only be seen but not touched.

'This is a very good result. If you are allowed to manage the fund for a full year, you may be able to bring the capital to the scale of 100 billion Hong Kong dollars.'

After putting down the annual report, Xia Yu gave Wang Qi a positive evaluation.

Wang Qi modestly said, 'Thank you, Chairman, for your praise. This result is mainly because you commanded us to fight two major battles this time, and I took advantage of the situation to reap a lot of benefits.'

Xia Yu smiled and told Wang Qi, 'Just announce this annual report with great fanfare. I believe many investors are looking forward to it.'

'You know the recent movements of Guangming Fund. Although the funds of Kylin Capital cannot be redeemed or receive dividends for the time being, once it is announced, it will definitely have a sensational effect.'

'The next step is to take action in Europe. You can take this opportunity to set up a few more funds, raise some more capital, and expand the scope of fundraising. Don't just focus on Hong Kong and Southeast Asia.'

Wang Qi couldn't help but smile, and he obediently nodded: 'Yes, Chairman, I understand.'

Xia Yu smiled and nodded, looking at Xu Chongguang, who had been waiting for a long time, and said, 'Chongguang, where's your good news?'

He had been preparing it for a long time, and handed the report to Xia Yu with a slight air of presenting a treasure: "Chairman, please take a look, I have successfully completed the task you assigned.'

'Oh?" Xia Yu's heart rose with anticipation.

In April last year, he had given Xu Chongguang a difficult task: to issue 10 million Global Cards by the end of December.

He flipped through the report, and the first thing that caught his eye was a table showing the number of cards issued each month from April to December.

There had been no significant movement in April, but from May onwards, the number of cards issued had never fallen below one million.

The peak figure was last August, when the number of cards issued reached 2,284,000.

And the final total showed that last year a total of 114,862,510 cards were issued, exceeding the task target set by 14.86%.

No wonder Xu Chongguang looked a bit like a show-off.

Although Xia Yu found it a bit funny, he understood his state of mind.

After all, promoting Xu Chongguang from vice president of Jiuding Bank to president and chairman of the all-important Global Credit Card International Organisation, and making him one of the key figures in the financial platform of the consortium, was a sign of great trust and cultivation, but it also definitely put him under enormous pressure.

Knowing his current state of mind, Xia Yu naturally did not hesitate to praise him.

'Chongguang, you've done a great job, exceeding your task and not letting me down.'

Xu Chongguang was flattered and replied modestly, 'Thank you, Chairman, for your praise. The key to issuing so many cards is still the strong support of the major banks, and it is all your credit.'

Xia Yu's eyes flashed with appreciation and continued, 'Keep a humble and unruffled attitude, and I have a good view of you.'

'Now the foundation of the Global Credit Card International Organization has been laid, but how to develop and grow in the future is the second key.'

'In particular, countries with a dense population, such as Europe, as well as the Middle East and South America, still need further expansion.'

'This will require a real fight against other card-issuing organisations.'

Xu Chongguang took a deep breath and nodded emphatically: 'I will definitely follow your teachings and do my best to expand the business globally.'