Chapter 1406: The world's top three fundraising amounts in financial history

In fact, Bao Yugang was not the only one who was curious.

Everyone there was a billionaire with a net worth of over 100 million yuan, and they were all elites. After listening to Wang Qi's introduction, they all understood that the three funds were going to explode today.

Because they couldn't help but want to invest a sum of money and get on the ship of the stock god to make money while lying down.

Therefore, after Wang Qi announced the start of the subscription, the dozens of subscription points in the venue were all surrounded by people.

The scene was quite lively!

Some tycoons who were in no hurry seized this rare platform to socialise and develop new personal connections.

Naturally, the subscription could not be completed in the morning.

Xia Yu had long since arranged for a sumptuous lunch at the Peninsula Hotel and had also taken out quite a lot of his own treasured fine wine.

After lunch, even those who had already completed their subscriptions didn't want to leave, and they all stayed at the venue.

Either to make new friends, or to witness this historic moment for themselves!

Finally!

It was 3:45 pm.

The subscription process was complete, and all 1,018 guests had participated.

Of course, the amount of capital naturally varied.

Some people were genuinely interested in investing and wrote in a very high subscription amount, while others were short of money and only invested a token sum of one or two million Hong Kong dollars.

There were even fewer who didn't invest at all, because the threshold for these three private placement funds was one million Hong Kong dollars.

Soon, the data from dozens of subscription working groups were compiled and reported to Wang Qi, who handed them over to Xia Yu.

Xia Yu carefully read them and, with the summary data in hand, once again went to the centre of the stage.

The eyes of the audience of thousands focused on him.

The media invited into the venue also trained their cameras on him, hoping to capture this historic moment.

'Today's subscription work has come to a complete end, and all the friends here have given us tremendous support. Here, I would like to once again say thank you to everyone!'

After saying this with an impassioned voice, Xia Yu also deliberately bowed slightly.

An instant of warm applause ensued.

'Clap, clap...'

'Now, I'd like to announce the fundraising results.'

'One friend has subscribed a whopping 570 million Hong Kong dollars, but due to confidentiality reasons, I won't announce who it is.'

'Wow!'

After hearing the highest subscription amount, the audience gasped in surprise. Most people whispered questions, while most of their attention was on those super tycoons.

'The subscription status of the three funds is as follows.'

'For the Kirin Bond Fund No. 1, the subscription amount reached 4.78 billion Hong Kong dollars!'

'For the Kirin Hang Seng Index Fund No. 1, the subscription amount reached 13.47 billion Hong Kong dollars.'

'For the Kirin Tianyi Mixed Fund No. 1, the subscription amount was the highest, at 14.18 billion Hong Kong dollars.'

'The total investment funds raised at today's reception amounted to 32.43 billion Hong Kong dollars!'

'This is the single largest fundraising event in the history of the Asian financial sector!'

'HK$32.43 billion, equivalent to US$5.316 billion, is also among the top three fundraising events in the history of the global financial sector.'

'This piece of history was created by all of you here today. Thank you for your support and recognition!'

'Clap, clap, clap...'

This round of applause was the most enthusiastic one since the beginning of the day, and at this time, applause is an excellent way to release the shock in your heart.

The thunderous applause lasted for nearly a minute before gradually dissipating.

But the camera managed to capture this historic moment of great commemorative value in its entirety.

Afterwards, Xia Yu announced the end of the fundraising reception, and everyone left in an orderly manner.

Of course, this was also the beginning of the feast for the long-awaited media reporters.

The tycoons who had personally participated and witnessed history were happy to be interviewed.

The whole fundraising cocktail party was recorded by different media through their accounts.

When the figure of 32.43 billion Hong Kong dollars was revealed, it naturally caused a burst of exclamations.

That evening's evening paper reported on the fundraising cocktail party of Kirin Capital.

In the evening, the Global News Network's 'News 30 Minutes', which has signal coverage around the world, once again made public the history created by Kirin Capital.

Of course, the news also broadcast an interview with Wang Qi, the president of Kirin Capital. Wang Qi announced a piece of news that made many viewers excited.

That is, starting from April 2, the three public funds established by Kirin Capital will officially raise funds from the public for half a month.

The three public funds are Kirin Bond Fund 2, Kirin Hang Seng Index Fund 2 and Kirin Tianyi Mixed Fund 2.

The investment threshold for the three public funds has been lowered to HKD 10,000, but compared to public funds that can be invested in with as little as HKD 1,000 or HKD 1, the threshold is considered high.

But Kylin Capital is after the high-quality clients from this class.

These three funds are also closed-end funds, with a closed period the same as the previous three private funds.

Customers who want to buy shares in public funds can not only go directly to Kylin Capital, but also through other channels.

For example, Jiuding Securities, Differ Securities, Sun Hung Kai Securities and other securities companies.

Another example is HSBC, Standard Chartered Bank, Jiuding Bank, Hang Lung Bank, Guangli Yongheng Bank and other banks.

These banks and securities companies all have fund distribution licenses.

While Kylin Capital was in full swing raising funds across Asia,

The heavy news that Kirin Capital raised 5.316 billion US dollars in a private equity reception also spread all over the world through the media empire of the Xia Yu consortium.

Kirin Capital has just been launched and has already made such a high-profile appearance in front of the world.

For the time being, Kirin Capital has not yet opened up business in Europe and the United States.

However, its reputation has already reached the ears of various big shots and spread throughout the global financial community.

The seed has been planted, and once Kylin Capital has made amazing achievements, the time will be ripe for Kylin Capital to embark on a global strategy!

Two flowers blooming together, each in its own way.

While Kylin Capital's three public funds were selling like hot cakes,

Xia Yu's aerospace strategy was finally fully laid out.

In the field of satellites,

Hughes Aircraft Company completed its strategy of dominating the satellite market.

On 22 March, it acquired Laura Electronics for $470 million.

Then, on 9 April, it successfully persuaded Ford to buy Ford Aerospace and Communications for $1.42 billion, a deal that took 53 days to complete.

In addition to gaining absolute control of the satellite market, Hughes Aircraft also acquired the assets of these two companies in the fields of missiles, radar and reconnaissance aircraft, greatly expanding its capabilities.

In the field of launch vehicles, the task was even less difficult than in the field of satellites.

After all, launch vehicles had not been taken seriously for more than ten years, and an agreement had already been reached with Leonard Mellon.

For 780 million dollars, Space Exploration Technologies Corporation (SpaceX) took over the entire range of assets of the Martin Marietta company's Titan launch vehicles, including all technical documentation, as well as the project's technical staff, laboratories and launch base.

The headquarters of Space Exploration Technologies Corporation is also under construction, located in a small town of just over 2,000 people in southwestern California – Hawthorne.

...

Time passed slowly.

Before long, it was April 17th.

The half-month public offering period from April 2nd to 16th had finally come to an end.

Wang Qi knocked on Xia Yu's office door with a smile on his face, carrying the fundraising situation.

'Come in!'

'Chairman, I've come to give you good news,'

Wang Qi said with a smile as soon as he entered the room.

Xia Yu smiled slightly, put down his pen, stretched a little, and asked with a smile, 'Tell me, how much money was raised?'

'Chairman,'

'For the Kirin Bond 2 Fund, 32,172 people subscribed, raising 2.57376 billion Hong Kong dollars, an average of 80,000 Hong Kong dollars per person.'

'For the Kirin Hang Seng Index Fund 2, 42,862 people subscribed, raising HK$6.0068 billion, or HK$140,000 per person.'

'The Kirin Tianyi Mixed Fund 2 had the most subscribers, 63,229 people, raising HK$10.7489 billion, or HK$170,000 per person!'

'The three funds raised a total of HK$19.32337 billion.'

'Together with the three private equity funds we raised on the first day, Kirin Capital now manages assets worth 51.75337 billion Hong Kong dollars!'

'That's one-ninth the size of Jiuding Securities.'

Wang Qi's face beamed with pride as he described this achievement.

Although Kirin Capital is still a long way from the company he once controlled, Jiuding Securities, it has made a great start!

Back then, Jiuding Securities had a capital of just a few hundred million Hong Kong dollars at the start, which is less than 1% of the current Kirin Capital.

With so much capital at his disposal, he is confident that he can lead Kirin Capital to surpass Jiuding Securities.

'It seems that investors still have a lot of trust in us,'

Xia Yu said with a laugh.

'Chairman, it's mainly because you're famous. You stopped being the chairman of Jiuding Securities a long time ago, and now you've come out of retirement to become the chairman of Kylin Capital. Investors are of course desperate to get in on your good fortune and empty their pockets,' Wang Qi said matter-of-factly.

Xia Yu couldn't help but shake his head and smile.

'Okay, don't be so modest. Your reputation has also played a big role.'

'But this time the results are very good, but have you found a problem?'

Upon hearing this, Wang Qi's smile faded, and he nodded and said, 'I found it. The two funds mixed by Tianyi reached a total of 24.92893 billion Hong Kong dollars, accounting for 48.17% of the company's total funds, which is almost half.'

'You told me before that Kirin Capital's main focus is passive investment, which is easier to manage and carries less risk. Passive funds should account for 80% or even 90% of the total.'

'Nowadays, investors are more inclined to take risks and prefer active hybrid funds with higher risks.'

Xia Yu nodded with a smile: 'As long as you can see it.'

'But there are extenuating circumstances.'

'When the market is doing well, investors do prefer risky active funds because the returns are higher.'

'The key to passive funds standing out is still the bear market. When the bear market comes, the waves wash away the sand and the real gold will naturally come out.'

'Just do a good job first. The capital market cannot keep going up. There is always a cycle, just wait.'

'I understand, I will do my best.' Wang Qi nodded solemnly.