Beibian was originally worried that something might happen, so he took the opportunity to send someone over to ask Su Yehao, hoping to make it clear face to face.
I learned that I just felt that the market value was inflated and there was a bubble in the assets, so I significantly reduced my position and held the currency to wait and see... There is no need to talk about it.
With an average price-to-earnings ratio of over sixty times, anyone with a discerning eye can see the risks.
Since this year, some experts have even called out that the mainland stock market is not reasonable enough and want to abandon it completely and build a perfect securities trading market.
They don't even bother to carry out major blood exchanges or repairs. From this, we can see that there are indeed many problems.
Is there a problem in the market? Mr. Wang, an insider, can't tell. After hearing this, he immediately knew that there was no way to change Su Yehao's mind. You can't know that the market may fall and let him wash the wool and wait for it to be harvested. It certainly can't be justified in terms of emotion and reason.
.
then.
Mr. Wang just sighed and said:
"I understand what you mean, Mr. Su. The overheating of the market should really be taken seriously. We will send a formal letter according to the remittance process. I hope your company can make a formal response, but don't make too much noise. If there is a way,
A soft landing for the market would be great, but the top priority is to prevent the market from overheating further."
"A soft landing... is not easy. I admit that some companies have great investment potential. As long as they develop fast enough, they can quickly smooth out the bubble and turn unreasonable inflated prices into reasonable values."
Su Yehao smacked his lips, then sighed and said:
"But, there are more than a thousand listed companies in the mainland, and they cannot all be good companies. There must be a lot of bubbles."
"With them adding chaos, even if I think some of the companies I invest in have great potential to soar, I will still be dragged down and accompany them to plummet."
"I don't care. I have the patience to wait slowly. Investors in 5S Asset Management Company will not think so. This cash out is mainly to prevent investors from open-end funds from making large redemptions after the market falls. As a pilot enterprise
First, the relevant risks should also be notified to several other fund companies..."
As the initiator of open-end funds, Su Yehao must take some responsibility to investors. He is worried that investors are not rational enough and lack an in-depth understanding of the risks of the fund industry.
The so-called fund risk is relatively small, but compared with other higher-risk investment methods, the total scale of the mainland fund industry has exceeded 130 billion yuan under his influence, and countless families are involved behind it.
Even if the fund company diversifies its investments and reduces some risks, the entire market will plummet, which is equivalent to the table on which the basket is placed falling over. Who can really survive?
5S Asset Management Company has reduced its holdings on a large scale. The China Securities Regulatory Commission, as the manager, publicly sends letters to inquire as part of the process. 5S Asset Management also needs to respond within the specified time and give investors an answer.
Considering the recent severe market situation, if 5S Asset Management Company provides an explanation, it can also play a role in curbing further overheating of the stock market to a certain extent.
But in this way, the matter of the 5S Asset Management Company quietly cashing out money cannot be hidden.
There is a time lag between receiving the inquiry letter from the China Securities Regulatory Commission and giving the reply. It is estimated that one to two billion yuan can be cashed out. Anyway, more than 7 billion yuan has been cashed out. 5S Asset Management Company has sufficient funds and has basically cashed out
After reducing the risk to a controllable level, Su Yehao felt that there was no big problem.
Speaking of the mainland stock market, the situation is indeed dangerous now.
At the beginning of the year, the market had reached as high as 2077 points, and now it has further risen to 2210 points. Even if it returns to last year's point, it indicates that it will fall by at least 20% to 30%. The key is that there is no way to make a soft landing, and Su Yehao has nothing to do about it.
…
Finished the short communication.
After seeing Mr. Wang off, Zheng Yongwen came to sit on the sofa and told:
"The mainland is likely to open new channels in the short term to clear the way for foreign companies to buy shells and go public. Your company, Sihai International, has not been listed for a long time. Are you just waiting for it?"
As the CEO of the Hong Kong Stock Exchange, Zheng Yongwen certainly hopes that more outstanding companies will be listed on the Hong Kong Stock Exchange.
Su Yehao heard what he meant, smiled and shook his head:
"No, I have never heard of buying a shell to go public. Doesn't Sihai International have the ability to go public directly? Don't ask me around the bush. The only reason why Sihai International Group has not gone public is that there is no need to go public yet.
.I gave my dad a sum of money to run a shopping mall chain business. If we invest an average of 250 million yuan in a shopping mall, we will soon be able to open 30 or 40 stores. Once the scale is established,
The company will also become more valuable."
"I almost forgot. You have the most cash in your hand right now. You are so powerful because you are big and round. You don't even care about financing money."
After Zheng Yongwen finished speaking, he asked: "A shopping mall only costs 250 million yuan on average? It shouldn't be. How can it be so cheap?"
"I'm just talking about the shopping mall itself and the complex. It definitely costs more than that. Sihai International is like a small treasury in my family. I keep some of my idle funds in it and turn it into real estate for long-term holdings. Even if I do nothing in the future, I will collect rent every year.
There are tens or tens of billions of Hong Kong dollars, wouldn’t it be great?”
Su Yehao has few pursuits left in his life, and one of them is to collect more rent than Wheelock Group.
Harbor City Wheelock Group is the parent company of Wharf Group and Wheelock Properties. It owns the famous Harbor City. Although the chairman's personal worth is not as high as Su Yehao's, he can make money more easily than him.
, they are basically real estate properties invested in the early years, and you can just be busy managing them and collecting rents.
On the other hand, Su Yehao has entered several highly competitive fields. In the past, he only spent a few minutes looking at his financial account every day. Now he spends an average of two to three hours a day on business, and often travels for business.
Of course.
Hard work pays off. Wafer foundry, black diamond mobile phones, and many other investment projects are just seeds in incubation for the time being. As long as they can slowly form a scale and develop smoothly, the total market value of the five Wheelock Groups will be
Taken together, it may not be as valuable as the Apple stock that Su Yehao just bought.
The 10.2% of Apple shares acquired from Kingdom Holdings is just the beginning. Goldman Sachs has found two institutions that are willing to sell Apple shares, which together account for approximately 4.4% of the total share capital. As long as there is enough cash, it will be sooner or later to take the lead.
thing.
Seeing that the Su family's business is getting bigger and bigger, Zheng Yongwen has long been unable to see through Su Yehao and said with a smile:
"I don't care whether you collect rent or sell it. Anyway, if your company is listed on the Hong Kong Stock Exchange, you can only choose it. As a shareholder, don't turn your elbows away. The newspaper said that you are making big noise in Silicon Valley again and spending several dollars in a row.
Billions of dollars. Unfortunately, after the launch of the Science and Technology Innovation Board, we couldn’t even find a core company to support the market. Your Google..."
"Don't give up on Google's idea. Even if I are willing, other investors may not agree. It depends on the situation at that time. Priority will be given to the Science and Technology Innovation Board of the Hong Kong Stock Exchange, okay?"
Su Yehao stood up, stretched, and said in a lazy tone:
"You go ahead and get busy. I'm going to find my girlfriend. The mainland stock market is having a hard time, so don't be too busy watching the excitement and quickly check for any gaps."
Zheng Yongwen nodded and joked: "Okay boss, you are one of the major shareholders, you have the final say..."