The outside world likes to pay attention to the lives of wealthy businessmen and families.

The popularity of television dramas and the attention of news all prove this point.

However, compared to these, people actually prefer to see the fall of wealthy families. Knowing that he would be targeted since he stands out from the crowd, Su Yehao had to act more cautiously.

Minor problems in his private life cannot have a substantial impact on him. The most critical issues are those that involve matters of principle or are likely to arouse public anger.

That's why Su Yehao couldn't help but teach her a lesson whenever he heard the little girl say "work hard," telling her to pay attention to her words and actions.

The higher his net worth and the greater his fame and influence, the more Su Yehao began to feel restricted, making it impossible for him to be as casual as he was in the 1990s, lest he accidentally cause a global scandal.

In this regard, it is also the reason why Su Yehao chose to retreat behind the scenes, rarely making public statements on Silver Sea Weibo or accepting media interviews.

He even gradually cancelled some of his positions in various companies to avoid trouble at the companies from directly affecting him.

This isn't just about shirking responsibility.

In fact, Su Yehao doesn't really know as much about many assets as people think. For example, in the case of Maotai Distillery, he simply looks at the quarterly and annual financial reports, occasionally checks relevant news, and avoids contact as much as possible.

He is quite self-aware and knows that even if he personally handles everything, he may not do better than those professional managers, and may even hold them back.

The theoretical direction of development and the actual management of enterprises are, after all, two different things.

Therefore.

It seems reasonable to say that Su Yehao is already in a state of semi-retirement. He has traveled to many places in the past two years. Even under such circumstances, his total assets have increased by hundreds of billions of Hong Kong dollars this year.

The Internet industry, which has recovered from its dazed state, is performing even better than he expected.

*Forbes* magazine's global list of the world's 500 richest people has already been released, and anyone with a little interest can easily estimate his strength.

Thus.

The authorities took the initiative to extend an olive branch to him, hoping that Su Yehao's Yangtze Power Group, which holds a majority stake, could purchase more of the Three Gorges Dam's hydro-turbine generator sets.

This was something that had already been negotiated, but the timing was slightly advanced.

Considering that Yangtze Power Group lacked cash, they even thoughtfully recommended several banks willing to cooperate and agreed to increase the pledge ratio to 90%.

This means that Su Yehao's Yangtze Power Group only needs to pay 10% of the price to acquire another ten hydro-turbine generator sets, with a total value of about 45 billion RMB.

A very simple math problem.

If a loan of 40 billion RMB is taken out, the interest rate for a one-to-three-year loan after bank discounts is about 2.1 billion RMB per year.

However, ten Three Gorges Dam hydro-turbine generator sets generate a return of about 9% per year, which is about 4 billion RMB. Due to the interest rate difference of about 2 billion RMB.

Considering that the Three Gorges Dam's debts need to be paid, subsequent construction requires funding, and debt structure needs to be optimized to reduce funding costs, it is undoubtedly a win-win situation to allow Yangtze Power Group to continue to buy more generator sets in advance.

Su Yehao knew that this piece of fat was a bit too big and could easily choke Yangtze Power Group, requiring several years to digest, but he couldn't find a reason to refuse.

Through his phone, he asked his assistant, Zhuang Wei:

"The value of the assets held has risen sharply this year. The upper limit of the company's mortgage loans can also be appropriately increased, right?"

"Yes, but I suggest you issue several billion RMB of corporate bonds in the name of Yangtze Power Group. Its bond interest rate only needs to be higher than the bank deposit rate, which is lower than borrowing money ourselves. There is a certain interest rate difference in between."

Assistant Zhuang Wei had consulted with others in advance before calling Su Yehao, and she continued to suggest:

"Not only Yangtze Power Group, but other companies should also issue bonds, using the money from the bond market to replace bank commercial loan interest. The market is performing quite well now. Feng Genius and the others have done some simple calculations and said that it can save more than one billion Hong Kong dollars in interest expenses per year."

Su Yehao had long understood that issuing corporate bonds is generally more cost-effective than borrowing from banks.

However, the financing scale of issuing bonds cannot compare with directly communicating with banks for loans, and his assets had not performed as well as they do now. The most crucial point is that there are restrictions on the scope of fund usage.

The situation has now changed.

A batch of unlisted companies that were incubated by Su Yehao's investments have begun to have the strength to issue corporate bonds themselves. Trying to finance in the bond market is becoming his new choice.

The increase in the value of various assets far outpaces bank loan interest rates. The hundreds of billions of Hong Kong dollars in debt borrowed from banks have always been Su Yehao's weapon for conquest, not a burden.

It can be said that since investing in Yahoo in 1997, Su Yehao has played with bank loans in various ways, staging a grand play of "how to fully utilize bank funds to quickly become the second richest man in the world."

If he hadn't chosen to cooperate with *Forbes* magazine and agreed to spend money on advertising, the title of the world's richest man in 2003 would have already belonged to him.

*Forbes* magazine really put some thought into how to lower the asset valuation, underestimating the valuation of non-listed companies by about four billion US dollars.

There was no other way. Wouldn't it be nice to pocket an extra 3.5 million US dollars in advertising fees per year? Anyway, there would be errors in the statistics...

At this moment.

Thinking about trying to acquire shares in the Big Four banks and get a piece of the pie during their restructuring process, Su Yehao said to Assistant Zhuang Wei:

"You can try issuing no more than 5 billion RMB in corporate bonds. Give a large share of the loan orders to the Bank of China. This bank is expected to be restructured into a joint-stock commercial bank next year. If I can hold 5% or 10% of the shares, I will definitely make a lot of money. At that time, I will use real-world examples to tell people that they underestimated the potential of bank stocks."

The performance of mainland banks in previous years was too miserable.

They were constantly on the verge of bankruptcy. Even after bad debts were stripped away, their performance was still not good enough.

In order to fulfill the agreement to join the WTO, the financial industry is ushering in new changes, and introducing foreign capital has become a certainty. However, Su Yehao feels that this timing is not good, and the financing price is too cheap.

Selling some of the golden-egg-laying hens at a low price is almost inevitable. After all, foreign capital will have to be given a large piece of the pie according to the agreement.

Su Yehao cannot eat too much of the market share, so he plans to use the Bank of China as a demonstration to secretly attract the interest of other multinational capital, thereby increasing the value of mainland bank stocks through competition.

He himself no longer cares about this little profit, similar to the shares of Yangtze Power Group, treating it only as a "piggy bank" to save for dividends.

However, it would make Su Yehao happy even just to think about hindering and disrupting the plans of multinational financial giants and making them bleed a little. It concerns the interests of hundreds of billions of RMB. If he watched them being taken away by others, he would probably be too distressed to sleep at night.

Doing good deeds without leaving a name is not his style.

When it is written into his memoirs in the future, it is estimated that he can earn more royalties and infuriate those so-called financial big shots...