Chapter 239: Billion
The source of the active investment strategy team's own funds is Xie Jingxing's personal investment in Grapefruit Capital. Although on-site leverage tools are used to magnify the size of funds, the autonomy and flexibility of this money is still much higher than that of quantitative securities trading funds.

This means that the former is destined to obtain the highest rate of return by conducting short- and medium-term investment operations based on his foresight. This is exactly what he did in the past seven months of this year. The return on investment based on the principal was 237%, and the annualized return was as high as 703%.

Looking at this set of data alone, Xie Jingxing's contemptuous statement that Buffett is nothing special sounds like a compliment to the king of value investing.

But if we extend the time dimension, when he led Tencent to acquire WhatsApp and drove Zhang Xuhao away to merge Dianping and Ele.me, he completely changed the venture capital market structure and deviated from its original historical trajectory.

With a position of 5 billion yuan in the secondary market, he can easily buy out the circulating shares of a small-cap stock and influence the trend of the leading stocks in a sector.

Is the so-called foreseeable prophet still a prophet? Can he maintain a miraculous high rate of return for ten or twenty years?
The answer is no. In fact, the super high return rate of the active investment strategy team so far is almost entirely contributed by two individual stocks, Chengfei Holdings and Yingkou Port. One of them was suspended at the end of last year due to the hot concept of mergers and acquisitions and restructuring, and the other was a policy-driven positive for the import and export trade of the Belt and Road Initiative.

The time point at the end of last year had little impact on the national macro-strategy. Other investments suffered losses due to various news and capital speculation, and the butterfly effect is emerging.

Therefore, it can be predicted that Xie Jingxing will enjoy less and less benefits of foresight. Based on this, it is better to become a leader rather than a follower in the secondary market.

He is more certain than anyone else that the stock market will move out of the bull market trend at the macro level. Whether all the good news about Coal City Special Steel has been exhausted should be determined by the 5 billion available capital positions he holds!
【截至昨日收盘，两市共计披露年中财报317份，其中有33家公司的前十大流通股股东中出现券商的身影，包含12家新进、5家增持、7家减持、9家不变——券商新进增持瞄准高成长股。】

At six o'clock in the morning, Zhan Yunping yawned and sat down at his workstation, turned on his computer, ate two buns, and clicked the mouse to send the latest financial information he had sorted out on his way to work to his colleagues and Assistant Song, along with a personal analysis summary.

The door of the chairman's office opened. He quickly put down the soy milk and stood up to greet him: "Good morning, Mr. Xie. I bought breakfast on the way. Would you like to have some?"

"No, I'll go home and eat."

After staying up all night, the wind was a bit chilly. Xie Jingxing put on his coat and walked out while making arrangements: "I will come over for a meeting at noon to plan the subsequent investment strategy in detail."

Zhan Yunping nodded and watched him leave. He took out his phone and sent a message to the three-person group: [Latest news, there will be no new investment manager to replace Lao Wang. Mr. Xie will be in charge of our group's business personally.]

[Is this true? The young commander is personally on the battlefield. He is so busy that he doesn't come to the company for half a month and can only participate in video conferences. It's incredible that he has time to manage us. ]

[He came to the company last night to study the market, and now he has gone home to eat. He said he will have a meeting with us at noon, so you should come quickly.] Zhan Yunping kindly reminded.

[Fuck, it seems that what Mr. He Chuan said is true, our young commander is a bit of a workaholic. My scalp is tingling, our future is worrying! ]

[I am dying, I am dying, I overslept and just got up, Mr. Zhan, please help me write an early morning analysis, hello. 】

Two colleagues in the group were talking to each other. Zhan Yunping thought about the short-term speculation logic and the extreme confidence in capital push that Mr. Xie had told him last night. He felt heavy-hearted and had no choice but to put down his phone and continue working.

Traders are very busy in the morning. They arrive at the company around six o'clock to sort out the latest financial news and make personal analysis. They hold a morning meeting at seven o'clock to exchange opinions and formulate the day's operation plan. They then deal with various industry research reports given by their peers. They eat breakfast in a hurry, take a shit and pee in their spare time, and then rush to the market to open.

On the other side, Xie Jingxing was on his way home when he remembered that he had gone to Lao Wang's funeral yesterday. He turned the car around and drove to the Ritz-Carlton Hotel to take a shower first, after all, his wife was pregnant.

"Boom."

When the bathroom door opened halfway through his shower, Xie Jing Xing was frightened to death and stepped back, bumping his body against the wall. He grimaced in pain and asked, "Aren't you coming back today?"

"I just happened to catch the last high-speed train and came back early."

Song Anli leaned against the bathroom door, her black lace pajamas spread out smoothly, revealing her faint whiteness.

Xie Jingxing said seriously: "I will go home for breakfast and go to Xiyou for a meeting at noon."

"Oh."

"Oh what?"

Song Anli remained silent. Her face was not made up, and she looked a little tired and haggard, with pale lips. She looked delicate and fragile. She gently pulled the straps of her pajamas and leaned forward. The steam in the bathroom became hazy.

Ever since Yu Tong returned to China, this luxurious presidential suite has inexplicably been stained with the strong smell of the quiet cold palace, which cannot be concealed by any good perfume.

"Wow."

The shower head gushed out a rapid stream of water, and Xie Jingxing stood in front of the mirror and rubbed a red mark under his neck with his fingers.

Song Anli raised the corner of her mouth slightly: "The custom perfume has arrived, the tea scent you like."

"As long as you like it."

Xie Jing Xing gave up after trying in vain, wiped himself clean, went to the cloakroom, grabbed a long shirt and put it on.

Last winter, when he was helping Didi deal with emergency public relations in Harbin, he asked Song Anli to work with the perfume laboratory to customize and develop a perfume, which he almost forgot about when it arrived - Mr. Xie's Garden·Ms. Li.

Xie Jingxing looked at the name of the perfume written on a small piece of paper inside the exquisite wooden perfume box, and hurriedly put on his pants and ran away.

After returning home, Yu Congxin sat in the living room with a young secretary from the president's office of Yunhe Logistics. Yu Tong invited them both to the table for breakfast, not noticing the faint scent of tea lingering around him.

"What time do you leave? If there's still time, let's eat together. You're welcome."

"There's still time. We came early to avoid traffic jams during the morning rush hour." Yu Congxin helped Aunt Fangfang serve dishes and porridge with a smile on his face.

The previous public opinion crisis was easily resolved, but the company has been slow to make a conclusion on him and his son. It is not a good idea to just stand there and wait for the outcome.

Today, taking advantage of the fact that Yu Tong was going to Shenzhen to attend a two-day academic conference and had specially coordinated a female secretary from Yunhe Logistics to carry his bags and serve him, he took the initiative to visit Yu Tong to ask for a result.

There was almost no chance. Yu Congxin waited until the young couple had finished their meal and put down their chopsticks, then carefully started the topic: "Mr. Xie, the company has successfully completed the financing. Should we hold a meeting to discuss our subsequent logistics and warehousing development and construction work?"

"Wait a couple of days, until you guys come up with a rough plan."

Xie Jing Xing responded casually, then turned his head and shouted to Aunt Fang Fang: "Aunt Fang, pour me a glass of that bottle of Balvenie that you opened two days ago, with ice."

"Drinking so early in the morning." Yu Tong pursed his lips in reproach.

Xie Jingxing smiled and explained that he had stayed up late last night and wanted to drink some wine to help him sleep, half a cup would be enough. Yu Congxin was secretly discouraged. Yunhe Logistics raised 55 billion yuan in this round at a super high valuation. The biggest budget for this huge amount of money was to copy the warehousing and cold chain center developed in Chuncheng, Yunnan last year, and replicate it in batches to various logistics and transportation network nodes across the country as soon as possible.

All departments and individuals related to it within the company will benefit greatly, both explicitly and implicitly.

Recently, everyone has been arguing over how to cut the cake. He took the initiative to bring it up just to show his loyalty and give up his own interests to stand firm and obey the leadership's command, but it seems that Mr. Xie doesn't care much.

Yu Congxin couldn't help but recall his low-key return to Northeast China some time ago, and his experience in Mr. Xie's office at the group headquarters...

My own sister lowered her head and sobbed softly, wiped her tears and complained: "I only have one brother. If I don't plead for him, will I have to watch him lose his job in disgrace? I can endure what outsiders say about me in private, but what will they say about you?"

"What did you say about me?" Mr. Xie happily hummed a little tune while making tea.

"Mr. Xie took over Taihe less than half a year after returning to China. He immediately resigned from Yunhe Logistics without even taking a breath, and even interfered with the group's strategy to make pre-prepared meals. He forced a large number of senior employees to leave during the annual meeting, and was not satisfied with that, so he turned around and acted ruthlessly towards the team he had appointed."

My own sister continued to cry and complain: "Everyone knows that when he was 16 or 17 years old and in high school, he was displeased with the company's seniors and started to make trouble. Would he dare to do that without your support? Your first wife's eldest son is your biological son, but the other children are not your biological sons?"

"It's not as serious as you say. That kid didn't do anything to Old Yu." Old Xie was indifferent.

My own sister glared at me angrily: "It will be too late when he makes a move. Can you persuade him to change his mind?"

"I can't persuade him. My son is grown up and no longer under the control of his parents. I don't have any way to deal with him now." Old Xie sipped his tea, shaking his head and reciting a part of the Errenzhuan in a weird voice.

"Yes, you can't control him, so just let him do whatever he wants. You'll be happy when he lets you retire one day."

My own sister cried without thinking, "I followed you after I graduated from college and joined the company. I carefully served those women in your family every day, listened to the ugly stories made up by outsiders, and was slapped by your son... What did I want? I'd rather die..."

"If he has the ability to force me to retire, that's his ability!"

Old Xie finally got serious, put down his teacup, opened his tiger eyes and looked at him: "He is 23 years old this year, and I will be 50 in a blink of an eye. When I die, will you all join me in killing each other?!"

His own sister was stunned for a moment and her snot was running to her mouth without her noticing. He was sweating profusely and his body was numb. He couldn't utter a word and instinctively lowered his head to his chest to avoid scrutiny.

"He supports Xie Kai in establishing a risk inspection and compliance department for a clear purpose. Go back and cooperate well. If you really can't make it, come back. You won't starve to death anyway."

Feeling the old commander's fiercer-than-tiger-than-tiger gaze moving away, and hearing the last words, he left the office and immediately returned to the Magic City.

Yu collected his complicated thoughts again. He believed that what the old General Manager Xie meant was that the young General Manager Xie should use the risk inspection and compliance department as a starting point to control the huge financing cash flow, so as to achieve the management rights of Yunhe Logistics without any omissions.

Did I understand it wrongly?

The old commander and the young commander, the father and son of the Xie family are truly carrying on the past and making progress, and the younger one is better than the older one.

Old Xie at least could still pamper his sister even when she cried, made a fuss and threatened to commit suicide. But Young Xie was different. Xie Kai told me that he was ruthless to Assistant Song and would either beat or scold him without any pity. There is no such tyrant in the world.

"Then I won't take you to the high-speed rail station. Call me if you have anything."

"Go upstairs and get some rest. I'll text you when I get there."

"Okay, pay attention to safety on the road."

Yu Congxin was full of complaints, but he smiled and stood by to offer his courtesy: "The company is not busy this morning, so I'll take Professor Yu home. It's just right to drive the car directly back to the company. I'll arrange for someone to pick you up when you come back."

"I'm already sorry to have to borrow your company's manpower to help me with my personal affairs. I can't trouble you again. Jingxing still needs you to manage the company."

Yu Tong responded with a smile and was very tactful. Yu Congxin felt so upset that he almost cried. He was encouraged and felt that he might still be saved. He bluntly told the secretary to take good care of Dr. Yu and flattered him.

Xie Jingxing watched casually and let him perform actively. With his beer belly bulging, he was busy moving the suitcase into the car and waved goodbye until the car disappeared from his sight.

After all these actions, Yu Congxin's forehead was covered with sweat. Feeling lost, he asked, "Boss Xie, then you take a rest and I will go back to the company first?"

"Go ahead and do your work, calm down and don't pay attention to gossip."

Xie Jingxing made the final conclusion with just one sentence. In fact, he never intended to punish Yu Congxin because of the public opinion crisis, but he had the intention of taking the opportunity to crack down on him and improve the control of the company.

Who made this guy hold the power over personnel? His own sister can influence Old Xie under his pillow, and he is unlucky enough to fall into his hands.

5.5 billion is a huge amount of money. How much of it can actually be used for the development and construction of the warehousing park depends on how the cake is cut.

Xie Jingxing was not in a hurry to make a move. He first let Yunhe Logistics compete internally, and then make a decision after he had settled the secondary market.

Anyway, as long as he doesn't make a formal conclusion, there will naturally be people in the company who like to speculate about their leaders' thoughts and target Lao Yu. In short.

Old Yu wanted to expose his son's fault for betraying him, so he had to stand on his side.

Since Xie Kai took up the position of chief risk officer, he has been isolated for a short period of time, so he has control over personnel and auditing. The remaining market operations headed by Guan Linhui and the original financial team are unable to make much waves.

In a good mood, he drank some wine to relieve his fatigue and slept until noon. Then Xie Jingxing got up and went to Xiyou Capital for a meeting to formulate the next stock market investment strategy.

"Mr. Xie, the ChiNext Index fell this morning, while the Shanghai Stock Exchange Main Board Index performed well. According to the operation plan for the day, we cleared half of our positions. We expect to complete the existing operation plan within three trading days and achieve low-position operation (holding two layers of positions)."

After the private contact last night, Zhan Yunping has become the leader of the traders in the group.

The other two traders, a man and a woman, were about the same age as him. The boy wore a cool green Rolex Submariner on his wrist and was a middle-class kid from Shanghai.

The girl has neat short hair, a thin figure and a pretty face. She wears a pair of round-frame glasses on her round face. She has a cheerful personality and her pair of small canine teeth are quite eye-catching when she smiles.

"There's no rush for this. Let's first talk about the subsequent investment targets and the logic of screening targets for short- and medium-term investment strategies." Xie Jingxing connected his computer to the big screen and opened a simple PPT.

(End of this chapter)