Especially for residential land, you can buy it with your eyes closed, and there is no need to worry about it at all.
Checking in at the Peace Hotel, I lowered my head and looked across the narrow street to see the Mainland flagship store of SK2 Cosmetics Company. The skin care and whitening effect of this product is indeed quite good, and there is an endless stream of customers in the store.
Su Yehao spent some time visiting various construction sites, and then rushed to the 5S Asset Management Shanghai Branch in People's Square before going to work.
His own office building is still under construction, so he rented one floor for temporary transition, which is enough for the time being.
After arriving at the company, I called the company's senior executives to a meeting and listened to reports on the sales of several fund products, especially open-end fund products.
In the first half of the year, Su Yehao and four mainland giants jointly invested 10 billion to establish SSSSS Asset Management Company. The first external investment business using their own funds was to finance the Hong Kong Stock Exchange.
Recently, it was decided to provide US$200 million to China Unicom, which is about to be listed on the New York Stock Exchange and the Hong Kong Stock Exchange at the same time. Su Yehao is actually not very optimistic about its profit prospects. The money spent this time is more like a favor.
After all, he previously sold more than 200,000 Qualcomm pdQ mobile phones to China Unicom, and the Black Diamond mobile phone that will be put into production soon will also need help from China Unicom for external sales.
A few days ago, China Unicom just announced that it has reached a strategic partnership with Qualcomm and will build a mobile phone network using CDMA technology developed by Qualcomm before the end of this year.
This means that the initial sales of Black Diamond mobile phones must focus on cooperation with China Unicom.
In terms of mobile phone R&D laboratories, preparations are already underway for dual Netcom. New products launched next year may support CDMA and GSM, two mobile communication technology standards, and can be converted between the two standards.
As for the full-keyboard black diamond phone that Su Yehao has tried, it does not yet support this function. In order to reach the original purchase agreement with Qualcomm, it is necessary to have a good relationship with China Unicom.
In the past, 5S asset management companies' own funds were more than the custody funds raised from the market. With the opening of the open-end fund pilot, this situation has been rapidly changed.
Many companies and individuals transferred idle funds to 5S asset management accounts. Together with the money raised from previous closed-end funds, the total amount of funds raised in the mainland and Hong Kong cities quickly exceeded 10 billion yuan.
Among them, about 40% of the more than 7 billion yuan raised from the mainland was provided by corporate customers.
Residents have no money for the time being, but many companies in the mainland are quite wealthy. Companies such as Moutai and Midea in the mainland have invested more than 100 million yuan, and some mainland wealthy people have also supported it.
The name of a person, the shadow of a tree, Su Yehao has won the title of god several times, and his popularity is not low.
In particular, his deeds such as helping Midea Group manage its finances and supporting Biguiyuan's performance soared, etc., have been widely circulated in the mainland business community, and more people are willing to believe in him than expected.
Therefore, according to the introduction of the Shanghai branch, the data seems quite beautiful. After pushing up Vanke's stock price last time, it once again attracted a group of retail investors to buy the fund.
It seems that this bunch of leeks also know that they cannot fight with institutions. Although their original intention of paying out money is a bit speculative, at least they spend real money, which is undoubtedly a good thing for 5S asset management.
Sit in the main seat in the conference room and listen carefully to the report.
Su Yehao nodded and said with satisfaction:
"The company's expansion here may be faster than I thought. Before the end of the year, I plan to launch several more targeted open-end fund products, focusing on different industries, such as real estate, finance, liquor and consumption, etc.
, providing investors with more room for choice.”
As soon as he finished speaking, the person in charge of the branch immediately expressed his position and replied:
"I very much agree with Mr. Su's opinion. When the time comes, we will do our best to promote it. Foreign fund companies are very meticulous and have developed quantitative, hedging and even specialized short-selling products. At present, other peers have not yet obtained admission quotas.
It is a good time for us to expand comprehensively. The stock market happens to be in a bull market, supported by the good news of joining the WTO, and investors are very enthusiastic."
Listening to the way this manager talks, you can tell without guessing that he was once the type of person who held an iron rice bowl in hand.
In the early days of 5S's establishment, there was a shortage of manpower, so many elites were recruited from the four major partners.
The man from the Shanghai branch is one of them. Su Yehao still has some impressions of his resume. He once studied abroad at the University of Pennsylvania, majoring in finance. His undergraduate degree was either a Qing Dynasty or a Beijing university. I can’t remember clearly.
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A typical elite turtle, suitable for learning from foreign experience and helping the company's business get on the right track.
The mainland's open-end funds have just been piloted, and many people don't know enough about this industry.
Su Yehao smiled and said:
"Yes, since joining the WTO, all walks of life have become much more dynamic. Many problems in banking, trade, foreign investment and other fields cannot be delayed any longer. Trillions of bad debts are dared to be stripped out. You
Remember to help me keep an eye on the joint-stock reform of the four major banks. When the time comes, I will invest as long as there is an opportunity."
The local person in charge took advantage of the situation and asked:
"I heard news that, boss, you promised to provide 60 billion yuan in financing to the higher ups within three years. I don't know if this is true. It has been widely spread outside and has had some impact on our company..."
"Well, it's true. After the joint-stock reform of some companies, the prospects are actually quite good. Purely from an investment perspective, I am very optimistic about some companies."
Su Yehao knocked on the table and asked curiously: "Why, have any investors asked this?"
"Many people have asked me in the past few days that they like to let you use money to speculate in stocks. It is best to see returns immediately. If a product aimed at the reform of state-owned enterprises is launched, I am worried that the sales volume will not be as good as other products. Three years and six hundred
100 million yuan... seems to be a bit troublesome, the investment cycle seems too long and not attractive enough."
Since the beginning of securities trading, the stock market has been experiencing ups and downs, and it has behaved immaturely.
The Shanghai Stock Exchange has just been established ten years ago and has already experienced three stock market crashes so far, and individual stock trends often make no sense.
For a long time, investors will inevitably be frightened and afraid of being cut off.
The 5S group of small and medium-sized investors have a high degree of overlap with investors who like to speculate in stocks. They are accustomed to short-term speculation on weekdays. They are afraid of being sucked in if they are not careful, and they lack the concept of long-term investment.
Many of them now also look at open-end funds from the perspective of stock trading, treating them as a speculative product similar to new stocks.
In the past, there were closed period restrictions, but now you can run away at any time. When it comes to commissions, the stock market also has stamp duties. The two are indeed somewhat similar.
In this case, let them take out the money and accompany Su Yehao to patiently wait for the reform of state-owned enterprises to make profits, even if he holds the title of "Hong Kong City Small Stock God", it is not useful.
After all, so what if he flexes his muscles in the U.S. market? Soros, who was killing everyone in Southeast Asia in the past few years, was almost crippled. Many people really feel that given the A-share environment, even if the big stock god Buffett comes, he will be unlucky.
Knowing that investors were not optimistic about the state-owned enterprise reform sector, Su Yehao smacked his lips and said with emotion:
"A large number of multinational companies are looking for prey everywhere in the mainland. Are they all doing good things? These people's investment philosophy should really be changed. It doesn't matter if some people don't believe me. You don't need to feel pressure. As long as the next
The performance is good enough and I can raise money quickly with the scale of the mainland market. I will think of a way..."