Although these executives ask themselves if they have been doing a good job, in this situation, feeling uneasy is an instinctive reaction that no one can avoid.
Seeing the anxious expressions of these executives, Yang Jing smiled and then gave them a reassurance: "Don't worry, the integration and adjustment of the Dragon Fund does not mean that you will lose everything you have now. I just plan to make certain adjustments to the future development of the Dragon Fund. The personnel issues involved are only adjustments to positions."
Sure enough, as soon as these words came out, everyone secretly breathed a sigh of relief.
"You all know my background. I am an engineer, and I am not very good at finance, especially financial speculation. I did inherit my master's legacy, but to be honest, I did not inherit his wisdom and his keen insight and judgment of the financial market..."
These words made everyone smile kindly. They already knew the situation of this young boss very clearly, so they were not surprised at all when he said this.
"So, given my own ability, I think our huge financial empire should no longer be based on financial speculation."
Everyone nodded slightly at this remark. In fact, the Dragon Fund, which had grown to its current size through financial speculation, would not be suitable to continue relying on financial speculation in the future. Although financial speculation was high-risk and high-return, judging from the current size of the Dragon Fund's funds, the international financial market could no longer accommodate this behemoth.
If a global financial crisis happens again in the near future, let alone the Dragon Fund, any one of the four giants under the Dragon Fund would have enough funds to mess up the entire financial market. It's just like the Federal Reserve. If the Federal Reserve had tried its best to save the US real estate market during the subprime mortgage crisis more than ten years ago, then the subprime mortgage crisis would be nothing.
But the Federal Reserve cannot do this. The Federal Reserve is the rule maker and the referee. They cannot enter the market at will, otherwise the entire international financial rules will be completely broken.
Similarly, although the Dragon Fund is not the Federal Reserve and is not a rule maker, it has power that is no less than that of the Federal Reserve. In this era where capital is king, if the Dragon Fund, which has a huge amount of funds, exerts its power without scruples, the entire international market will immediately collapse, and the Dragon Fund itself will also be very uncomfortable.
Others may not know, but these executives know very well that the capital scale of the entire Dragon Fund is even higher than the annual GDP of Japan, the world's third largest economy. If such a large amount of funds really enters the international financial market, it is not called speculation or investment, it is called destruction!
Therefore, the future development of the Dragon Fund will not be based on financial speculation. This is not only Yang Jing's point of view, but also a point of view generally agreed by these executives.
"In the next period of time, I plan to readjust the development direction of our Dragon Fund. First, Akart Capital will transfer all the stocks of its IT companies to the KY Investment Fund. Akart Capital will no longer invest in the IT industry in the future."
Yang Jing looked at Christopher Mendes, the CEO of Acate Capital, who possessed outstanding talent.
"Chris, Frank, when you return, hurry up and do this. There must be no mistakes in the handover. After the handover is completed, Chris, I need you to integrate all the banks controlled by our Dragon Fund. All the banks with Tier 1 capital ranging from hundreds of millions of dollars to tens of billions of dollars. We need to form a new banking group called Acate Bank Group."
As soon as Yang Jing said this, everyone's faces suddenly became cheerful.
Christopher Mendes asked in surprise, "Boss, do you mean to let the Dragon Fund surface?"
They were all core executives of the Dragon Fund, so they naturally knew what the big boss was trying to do by covertly acquiring the shares of those small banks. Whether it was the Dragon Fund or other consortiums, if they wanted to become a real consortium or chaebol, banks must be the core of the core. The big boss acquired the shares of those small and medium-sized banks in order to establish a core banking group belonging to the Dragon Fund in the future!
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