Fight to the third generation

The relationship with Nangong Tian and Jiang Yu has long been made public. Su Yehao rarely pays attention to the gossip of the outside world. He still finds a table and sits down. The bodyguards are responsible for preventing strangers from approaching.

A middle-aged man in his 40s wearing a floral shirt joked from afar:

"I didn't expect that the majestic Crown Prince Hao would also eat in this kind of restaurant, and there are two beauties on the left and right to protect the law. I'm really envious of others!"

As soon as these words came out, there was a burst of laughter.

Su Yehao replied calmly: "You are obviously a fairy, but you say you are a guardian. No wonder you don't like women, old man."

The other party was just joking, and then said: "If I am as handsome as you, funny and rich, I can do it too. There is no hope in this life, and I will try to have a good pregnancy in the next life..."

Hong Kong City is relatively small, celebrities and stars, etc., often look down and don't look up.

It doesn't matter if you see a lot of locals.

As long as you work near Central, you often have the opportunity to see Su Yehao's motorcade, and the distance is not that far away.

So after a short chat, everyone continued to eat their own food, and at most looked here a few times, that's all.

Satay chicken, charcoal-grilled shrimp, tom yum soup, curry fish cake... three people eat five dishes and one soup, the taste is really good...

Chapter 794 Gambling Cards

The China Securities Regulatory Commission sent a letter to the 5S asset management company to ask why it should cash out and reduce its holdings.

The news not only made a lot of noise in the mainland, but even spread to Hong Kong City, attracting many Hong Kong City customers to contact 5S Asset Management to inquire about the situation.

Two days later.

A senior vice president of the 5S asset management company held a press conference in the company, only saying that this is a normal adjustment. Some analysts believe that the market is overheated and they should reduce their positions to avoid risks to client assets.

Although he didn't say it clearly, the meaning inside and outside the words is that he is not very optimistic about the future stock market.

Even if Su Yehao didn't come forward in person, with 5S Asset Management's current status in the financial industry, the A-shares turned from red to green that day.

soon.

5S Investment Bank then released an article on the official website and Yinhai Weibo respectively on the official website and Yinhai Weibo through the Internet, "Preventing the impact of the stock market bubble on the economic market", which caused quite a storm in the financial industry.

This approach helps to match the cooling of the stock market. The stock market did drop by more than 50 points in the next few trading days, but it quickly went up again.

Su Yehao was worried about being in trouble, so he didn't bother to stand up and act as a villain.

Relying solely on 5S asset management and 5S investment banking is, after all, just an enterprise, and it does not have that much influence for the time being.

Subsequently, in terms of 5S asset management, a large number of customers have redeemed more than 30 billion yuan in half a month. They would rather bear part of the handling fee than suffer any loss of principal. In the short term, it is indeed a wise decision.

The senior executives of the asset management company received Su Yehao's reminder and did not intend to stop them. Whether through the Internet or scattered offices in various cities, they can quickly go through the redemption procedures, and the value is calculated according to the net worth of the day.

As for corporate customers, private equity funds are also allowed to redeem.

However, these companies have made long-term investment plans, and they view things differently from ordinary investors.

In their view, Su Yehao was able to cash out so much funds in advance, probably because he had made a comprehensive plan. Risks often come with opportunities, so not many customers choose to redeem.

For private equity funds, the investment amount of a single investor shall not be less than RMB 500 million, and advertising through the media is prohibited, mainly including investing in the equity of non-listed companies, or non-publicly traded equity of listed companies, through listing, management buyout and Mergers and acquisitions and other equity transfers to sell equity for profit.

This is an emerging field.

In the past, many unlisted companies were unable to calculate their own value, and it was difficult to turn patented technology, market share, etc. into valuations. The newly established 5S investment bank has launched related businesses to help these companies calculate valuations.

Those Internet companies can carry out financing, acquisitions, etc. according to their valuations. Of course, non-listed companies in the mainland can also do this. This lays the foundation for the promotion of 5S private equity funds...

……

It's June.

In the first half of the month, news related to the reduction of state-owned shares often appeared in the news.

Some people may think that it is the same as before, but the thunder is loud, the rain is small, and the thunder does not rain, which is just to scare people.

Su Yehao doesn't think so. The reduction of state-owned shares is to promote the reform of state-owned enterprises and at the same time solve the problem of non-circulation of state-owned shares. It is impossible for the market to stagnate because of the bubble.

Looking at it from another perspective, it is precisely because of the bubble in the market that it gives a reason to speed up the pace.

really.

In mid-June, the announcement of the "Interim Measures for the Administration of Reducing State-owned Shares to Raise Social Security Funds" was released. As a result, the bubble was forcibly burst, and many listed companies directly fell to the limit...

Seeing its high rise, seeing its collapse.

The Shanghai Composite Index quickly fell below 5 points, and the investors of the 18S asset management company redeemed another [-] billion yuan within a week.

Fortunately, preparations were made in advance. The decline in the fund's net value was significantly smaller than the market's decline. In addition, it was announced that the money would be invested in the bond market to earn interest, which successfully stabilized many investors.

If there was no preparation at all in advance, Su Yehao would probably have a headache for a while, and could only use his small treasury to fill in the hole.

But now, there are still nearly 5 billion yuan of funds lying in the account of the 50S asset management company, which is enough to deal with any emergencies.

The decline in the value of assets in the Mainland certainly has an impact on him, but fortunately it is only temporary.

It wasn't until June 25th that Su Yehao posted a short essay on Yinhai Weibo to remind people to pay attention to value investment, and announced that he was very interested in some state-owned stocks and was willing to invest when the time was right.

The post has just been posted.

Zhao Yimeng called and asked him, "Ah Hao, are you free these days, please have a meal with Jiang Yu and the others?"

Su Yehao guessed something immediately, and said with a smile: "It's nothing to be courteous, your assets have been cashed out, right? Do you want me to give you some good advice?"

"...Hmm! The buyer suddenly changed his mind, which took me a lot of time, but fortunately, I managed to cash out."

Zhao Yimeng asked for others, and his manner of speaking was much gentler than usual. He tentatively asked: "I saw you wrote on the Internet that you planned to invest in some mainland state-owned enterprises. Since we are all old classmates, give me some advice. ?”

"Ah~ You also know that we are old classmates, you were ruthlessly rejected countless times back then, and even now the media often bring this matter up and make fun of me."

Hearing Su Yehao mention this matter, Zhao Yimeng was furious, gritted his teeth and said:

"I admit that there are some reports about this, but they are all joking about my lack of vision. What does it have to do with you? Whether to eat or not, the big deal is that I will invest my money in the casino. Anyway, the gambling cards will be split up soon. My dad is in Malaysian friends recruited him to join the gang."

"Eat, you treat me, why don't you eat?"

Su Yehao thought for a while and added:

"Jiang Yu and Nangong have both gone to the inland crews. Let's go eat Sichuan food tonight. I will send you the address later. As the old saying goes, nine times out of ten bets, you girl will earn money from any casino business." It’s a lot of bad money, and the investment cycle is so long, and the competition is fierce, so it’s the same thing.”

Just a few days ago, the gambling city just issued an announcement, confirming that six gambling cards will be issued next.

Because of this incident, there has been a lot of noise in the newspapers recently. A group of gaming companies in Las Vegas, as well as wealthy people from Hong Kong City and Casino City, have also announced that they will participate in the auction of gambling cards.

Zhao Yimeng replied:

"Of course I know that casinos are harmful to people, so it is my bottom line option. You super rich people cherish their feathers one by one. If you choose to make a move, the big families in Hong Kong City and the king of gambling can block the Las Vegas casino back. .But I am different from you. Many better projects do not have the strength to participate, so I can only settle for the second best."

indeed.

If Su Yehao wanted to win a gambling card, he would definitely be able to compete for one. Several other rich men in Hong Kong City also had the strength to win a gambling card.

The reason why everyone remains unmoved is that on the one hand, they cherish their feathers, and on the other hand, because there are many projects that can make money, there is no need to hang them on a tree.

When she finished speaking, Su Yehao couldn't help laughing, and replied: "Yes, yes, it's because I don't have a backache when I stand and talk, okay? I'll check the information first, and we'll talk in detail after dinner..."

Chapter 795

Not long after hanging up the phone.

The 5S asset management company received news that a major client needed money recently and wanted to redeem the money stored in the fund in advance. The total amount was as high as one billion yuan.

The other party is a listed company that raises pigs, and its financial situation is not abnormal.

It is undoubtedly more like an excuse to say that money is needed, and it is not optimistic about the future performance of 5S asset management companies.

It just so happened that the other party bought it, and the hesitation period had not exceeded three months. The company's executives really had no reason to refuse the redemption by this listed company, so they wanted Su Yehao to think of a way.

The asset size of this major client is equivalent to hundreds of thousands of ordinary clients of open-end public funds.

The executives of 5S asset management will inevitably feel heartbroken. There are only a handful of super big players like this in the whole company. Of course, it is worth fighting for as much as possible.

The 5S asset management company has just formed a scale, and the situation is very good.

Unexpectedly, he ran into a bear market by accident. Su Yehao could only say that he didn't catch up with the good times. He was too hasty before, and he didn't expect that there would be a stock market crash in 2001.

If he had heard about the subprime mortgage crisis in 2008 and the stock market meltdown in 2015, he didn't know enough about the situation in 2001. He only focused on the benefits of joining the WTO and ignored the bubble in the mainland stock market.

At this moment.

Su Yehao was walking in his garden, using his mobile phone to communicate with Vice President Sun, who had jumped over from CITIC Group, and said calmly:

"In the past, people invested in us because they were optimistic about the prospects of the private equity investment industry. Now the value of assets is generally inflated. It is normal for the company that makes ham sausages to not be optimistic about us. To put it bluntly, our private equity funds now lack attraction. Customers’ selling points, it’s useless to rely on words to buy bargains without evidence, you need to stabilize them first, and I’ll come up with a solution.”

"That's right, Mr. Su, your point of view hits the nail on the head. In the past, they thought that after the investment project was financed and listed, it would have the opportunity to earn several times the profit. Now the stock market does not know when it will fall. Once the billion yuan is taken away, the next time It will be difficult to cooperate again, when I drank with their major shareholders, I almost got stomach ulcers, so I signed this deal with great difficulty."

Vice President Sun has been in the industry for so many years, how can he not see the current situation clearly.

I am worried that the news of the one billion withdrawal will spread, and other big customers will also have opinions, which will cause a new round of redemption again.

Su Yehao continued to walk in the garden, thinking about what he should use as a selling point to whet the appetite of these enterprise-level customers.

At first, the concept of mobile terminal products came to mind.

Immediately afterwards, I felt that it was still a bit far away for the time being. If I went head-to-head with companies such as Nokia and Motorola, they would only withdraw faster.

Su Yehao would be a little bit reluctant to take out the black diamond phone as a financing project, not to mention that the black diamond phone doesn't make money for the time being.

Besides this, he also thought about real estate projects.

However, given the current level of economic income, housing prices of several thousand yuan per square meter in first-tier cities seem a bit inflated.

Even if Su Yehao personally releases the news that some core locations can rise to 10 RMB per square meter, who would believe it?

After thinking about it, I suddenly thought of the casino business that Zhao Yimeng mentioned just now.

Su Yehao himself doesn't care much about the casino business, but it is quite attractive in the eyes of others. If he wins a gambling card with the help of funds from mainland investors, he can avoid Las Vegas' capital from using the casino to make money. Money, and can help 5S asset management companies overcome the current difficulties, it seems worth trying.

When thinking of this, he suddenly asked Vice President Sun:

"You know that the casino is going to bid for six gambling cards, right? If we think of a way, can these big customers indirectly hold part of the casino business?"

"...I know, you plan to invest in the casino business through 5S asset management?"

Vice President Sun's tone was full of surprise, he paused for a moment to digest, and then continued:

"There are a lot of issues involved here, but the 5S asset management company itself is strictly a Sino-foreign joint venture registered in Hong Kong City, but its business is carried out through a subsidiary in the Mainland. I would like to ask experts in this field Only then can we give you an accurate answer. If it can be done, the big customers will definitely laugh from ear to ear, and they like these businesses that cannot be carried out in the mainland the most.”

Su Yehao hummed and added:

"Also say hello to the China Securities Regulatory Commission. Remember to remind me that it is a collection of shopping, hotels, and cultural tourism. The casino is just...by the way? It's a big deal to make a few more detours, sign an agreement or something, I will register an airline first. The shell company got the gambling card, let the mainland company hold shares, and then refinanced the mainland company.”

"Okay! I'm going to ask now!"

……

It took more than two hours for Vice President Sun to ask this question.

After he called back, Su Yehao learned that it was very troublesome. It was almost impossible to directly use the funds of mainland investors to participate in the gambling auction.

But after the backdoor, the two companies can be merged and reorganized. However, this will cause more things, and Su Yehao has to pay for the preparatory work. It is better to directly raise additional funds from major customers and bypass the fund. The regulation of the company, and then the investment.

In addition, there is another way, you can find a gaming company listed on the Hong Kong stock market to cooperate, go to the mainland to open a company, and indirectly hold shares through financing.

Anyway, Su Yehao was confused by all the detours, so it was rare for him to take the initiative to call his acquaintances in Sijiu City and ask them if they could think of a way.

It’s been a long wait, and an acquaintance called and said that there are already regulations prohibiting mainland companies from participating in the gaming industry in the casino, and even prohibiting Chinese-funded companies outside of the casino from participating in the gaming industry in the casino, but if the QDII type fund holds There is no express rule that there are stocks of listed gaming companies that are not allowed.

If there is no express rule that it is not allowed, it means that you can invest.

After hearing this, Su Yehao thought about it, and finally realized that he was on the edge of the horns and had been thinking about investing through private equity funds. In fact, QDII funds could have invested in Hong Kong City.

If you strive for more quota, you can directly hold shares.

This reassured him at last, and he called Vice President Sun again to talk about foreign investment through QDII.

The problem is that the ownership of the gambling license has not yet been determined, and there are no listed companies in the gaming industry in Hong Kong stocks to invest in, and the QDII fund has just been piloted, and the quota is not enough.

Thinking that maybe after another two or three years, there will be new changes in the policy, allowing private equity funds to directly invest in foreign countries.

therefore.

Su Yehao only asked Vice President Sun to greet the big clients, saying that he would start real estate development business in the casino first, and then try to hold some gaming company stocks. If he really can't keep the one billion yuan, he can only forget it first .

After Vice President Sun finished asking, he said that he could use part of the funds to invest in casinos, and the big customers were really interested.

Since the casino is going to issue new gambling cards, the real estate industry is likely to rise.

The decision to withdraw the capital before was because there was no reason to stay. Now that Su Yehao plans to deploy the real estate and gaming industries in the casino, the situation is different...