Chapter 1402: A giant with assets of over 700 billion US dollars

'Jianning, don't go yet, come with me to the office for a bit.'

After returning to the Jiuding Building, Xia Yu stopped Huo Jianning, who wanted to immediately go arrange work.

'Here, according to this list, add these new companies to the Tiangong Group.'

After returning to the office, Xia Yu took out a list and handed it to Huo Jianning after writing a few words on it.

Huo Jianning took it with both hands and looked down at it.

Tiangong Microelectronics, Tiangong Semiconductor, Tiangong Optics, Tiangong Electric, Tiangong New Energy, Tiangong Computer, Tiangong Shipbuilding...

After the name of each company, there were a few lines of words that set the company's development direction.

Tiangong Microelectronics and Tiangong Semiconductor need not be mentioned.

Take Tiangong Optical Co., Ltd., for example. Its development direction is the production of automotive glass, camera optical glass, ceramic parts, and so on.

And Tiangong Electric Co., Ltd., is involved in the manufacturing of a range of electrical equipment such as transformers, circuit breakers, and power cables.

Tiangong New Energy Co., Ltd., on the other hand, is prioritising the development of the solar energy sector, before moving on to other new energy sectors.

Tiangong Computer Manufacturing Co., Ltd., on the other hand, is launching Tiangong-branded personal computers, while also entering the supercomputer sector.

Tiangong Shipbuilding Co., Ltd. came as a bit of a surprise to Fok Kin-ning.

Because the 34 laboratories in the Tiangong Technology Laboratory do not currently conduct research in the field of shipbuilding.

Even the power laboratory and mechanical transmission laboratory mainly focus on the fields of automobiles, heavy machinery and small home appliance motors.

Of course, the most important thing is that the global shipping market has been in a downturn for five or six years, and it is still continuing to decline.

The shipbuilding and ship repair industries in Xiangjiang have been devastated.

'Chairman, should this shipbuilding company be set up in Xiangjiang?

'Or should it be set up on the mainland?'

Fok Kin-ning asked his doubts.

Xia Yu answered with a smile: 'You need to put your eggs in two baskets.'

'I know what you're thinking,'

'Don't worry, according to my calculations, the global shipping market will bottom out and start to pick up in the second half of this year.'

'It's time to start buying the bottom.'

'Xiangjiang used to have more than 300 shipbuilding and ship repair companies. Although most of them have now closed down, the talent is still there. This time, a new company will be set up to bring them together.'

'In addition, Tiangong Shipbuilding needs to set up branches in Guangdong, Jiangsu and Shanghai. These three places are the most abundant in shipbuilding resources in the south of the mainland.'

'Okay, I understand.' Fok Kin-ning suddenly understood and nodded in response.

'By the way, tell Wheelock Shipping and Orient Overseas Container Line to get ready for expansion. The bottom fishing should start in June and be completed by August at the latest!'

'Understood!'

'Well, it's getting late, go home from work, and we'll do the rest tomorrow.'

'Okay.'

After arranging the work, Xia Yu got up and left the office, ready to go home.

...

For the next half month,

Xia Yu was busy with the development reports of various companies, and from time to time he also went to individual companies for on-site visits.

Overall, his companies were developing very well.

Whether it was revenue growth or net profit margins, they were all in the top tier.

For every company he had handled, led the establishment of or acquired, he had set a long-term development strategy.

As long as the people at the helm did not lose their management standards, there would be no unexpected situations.

But after going through his assets,

Xia Yu formed three impressions in his mind.

First, although his assets have already been sorted out by the family office, there is still a lot of room for resource optimisation and integration.

Second, although there is a lot of money, it is still not enough for future development. He needs more capital to increase his influence on the world. Relying solely on his own capital and the existing capital of outsiders is too slow!

Third, his financial empire is already very large, but there is still a lot of untapped internal potential. The puzzle is not complete, and apart from banking, securities and insurance, his influence in other areas is not yet sufficient!

His wives are due in June and July.

Before the children are born, he definitely will not, and cannot, leave Xiangjiang.

Now that there is still so much time, he must make good use of it!

Just focusing on these three major areas, Xia Yushi thought about it and found that some are easier to do, such as integrating resources to discover new markets and entering new fields.

But there are also many that are very difficult, and the right person must be at the helm, otherwise it simply will not work.

After careful screening, Xia Yushi found that he still had to let his most capable executive, Wang Qi, do it.

Previously, Xia Yu had laid a solid foundation for Wang Qi, and then for the past two years, he had let him grow up freely in both Hong Kong and the island country.

Of course, the burden had not diminished at all.

Wang Qi had returned to his position as president of Jiuding Securities, and was not only responsible for Jiuding Securities' global strategy, but also needed to manage the Hong Kong Futures Exchange.

Under his management, both had developed very well.

In the years since, Xia Yu has also visited Jiuding Securities and Xiangjiang Futures Exchange in person, and he is well-versed in the situation of these two companies.

In terms of Jiuding Securities, the total assets have reached 74.54 billion US dollars, of which nearly 70% are assets under management.

There are also significant differences in the distribution of assets.

The company with the most assets is Xiangjiang Jiuding Securities, with total assets of 26.14 billion US dollars, followed by Island Jiuding Securities, with total assets of 18.37 billion US dollars, and in third place is US Jiuding Securities, with total assets of 13.18 billion US dollars.

Then there is JD Securities UK with assets of 4.25 billion US dollars and JD Securities Canada with assets of 3.66 billion US dollars.

In addition to these five regional companies, JD Securities companies in other countries and regions around the world manage a combined 8.94 billion US dollars in assets.

In terms of revenue data, JD Securities' total operating income last year was 10.32 billion US dollars, and its net profit was a whopping 4.31 billion US dollars.

This does not include unrealised profits from investments that have not yet been settled, otherwise the gains would be even more explosive!

The reason for such a terrifying net profit is actually that the source lies in the fact that more than 20 billion US dollars of the assets belong to the company's own assets, and the profits earned from this part of the funds are completely its own.

Otherwise, just relying on collecting management fees and commissions from investors, a net profit margin of more than ten percent would be extremely high!

It is also for this reason that Xia Yu's Jiuding Securities Company has not been listed so far, even if it is just a branch in a certain country.

There are indeed companies with a higher self-owned capital ratio than Jiuding Securities, and there are even some with 100% self-owned capital, but those are small securities companies in their infancy.

There is no similar company in the world that has reached or is close to Jiuding Securities' asset scale. Jiuding Securities is the only one of its kind.

Let's talk about the Hong Kong Futures Exchange.

The commodities traded on the futures exchange have become much more abundant than when it was first rebuilt.

This, coupled with the fact that Hong Kong's financial market is already very prosperous, has the atmosphere of a world financial centre.

Naturally, the Hong Kong Futures Exchange has become very prosperous, with overseas capital investment being very active.

In 1985, the trading volume of the Hong Kong Futures Exchange successfully exceeded 4 trillion Hong Kong dollars, and it is expected to reach 5 trillion Hong Kong dollars, reaching a scale of 4,812.5 billion Hong Kong dollars. The average trading volume on weekdays is 19.25 billion Hong Kong dollars, which is 4.2 times the annual total for 1983! (The leverage of futures is extremely high, so in terms of trading data, it will far exceed the stock market.)

And the trading commission of the Xiangjiang Futures Exchange also reached 2.406 billion Hong Kong dollars!

If you look at it from the perspective of a business company, the Xiangjiang Futures Exchange, which was listed, would have a market value of only 10 to 20 billion Hong Kong dollars, and it is not worthy of even holding the shoes of Jiuding Securities Company.

However, if we talk about the positive impact on Xiangjiang, the Xiangjiang Futures Exchange is stronger than Jiuding Securities Company.

By holding the Xiangjiang Futures Exchange, you control the influence on Xiangjiang and the global capital market.

This is something higher than money.

The control over the influence of Jiuding Securities Company and Xiangjiang Futures Exchange has always been in Xia Yu's hands.

It's just that Xia Yu is hiding in the background, and the one being pushed to the front is Wang Qi, the president of Jiuding Securities Company and the chairman of Xiangjiang Futures Exchange.

With Wang Qi's influence and prestige in the financial market, there is no better thing for him to do!

That is the asset management industry!

An industry that is very mysterious to outsiders and has a sense of being elusive!