Tao Liangchen

Chapter 720 Not Going to Try?

Having visited the Siheyuan (courtyard house) in Beijing numerous times, each time his status and position had improved.

And now.

As long as Su Yehao stayed here, he would be swamped with endless activities and a constant stream of guests.

He originally moved into the Siheyuan for peace and quiet, but now the entrance to his house was as bustling as a tourist attraction, driving up the prices of the surrounding properties.

Rumor had it that a feng shui master had been consulted, who claimed that the hutong (alleyway) where he lived had excellent feng shui, particularly conducive to accumulating wealth.

Many people bought into this, resulting in the purchase and renovation of several nearby Siheyuan. The sound of hammering and the smell of paint filled the air during the day.

Living in an old hutong meant having many neighbors.

The Siheyuan area had a strong sense of local life, making it difficult to enjoy the same undisturbed peace as in Deep Water Bay. Su Yehao hadn't given prior notice of his arrival, so he couldn't blame anyone else.

Left with no choice.

He had to find a hotel at the last minute, settling into the Grand Hotel Beijing near Wangfujing.

The police cars that had been parked at both entrances of his house also followed him to the hotel. It was likely a special arrangement from above, to ensure nothing happened to Su Yehao in this place.

Obviously, people like Zheng Yongwen, also in Beijing, didn't have this kind of treatment.

Having built his business to Su Yehao's scale, his status was no longer limited to that of a mere businessman.

The Forbes World's Billionaires List for this year had just been released on October 8th, and he had successfully surpassed Michael Dell of Dell Computers and Masayoshi Son of SoftBank Group, ranking eleventh on the list.

Not only was he the richest man in Hong Kong.

He had also become the richest man in the country and the richest Chinese person in the world, a true representative of the business world...

A couple of days later.

Su Yehao took Jiang Yu to a reception for the American delegation, held at Diaoyutai State Guesthouse.

He didn't attend the formal consultation meetings, but he enjoyed the eating and drinking at the banquet, where the atmosphere was particularly harmonious.

Relations with the United States had been decent in recent years, especially this year, with a number of American companies investing in the mainland, seeing it as the next field of leeks worth cultivating.

Both sides gradually reached a consensus on resolving market access issues, namely the gradual reduction of tariffs, the gradual removal of import restrictions, and the gradual opening of trade in services.

With fewer conflicts, the atmosphere naturally eased, which made the process of joining the World Trade Organization exceptionally smooth, with frequent good news.

During the banquet.

Su Yehao unexpectedly learned from an executive at Morgan Stanley that hundreds of companies on the NASDAQ market had seen their stock prices fall below one dollar, and were at risk of being forced to delist at any time.

On the surface, he sighed and complained about the treacherous market, just going through the motions.

In reality, he was inspired and considered selecting some potentially valuable investment targets, treating it as scavenging, and attempting to buy in at the bottom.

The NASDAQ index had fallen from its high of over five thousand in early March to just over two thousand now, a drop of about 41%, and many companies were completely unable to hold on.

In the past six months of decline, the Yanwenzi Group's stock price had evaporated about seven billion US dollars, but Su Yehao had earned back more than three billion US dollars from other sources, so his own losses were not too great.

With so many listed companies currently facing the risk of forced delisting, there must be some good projects with decent fundamentals, but are being dragged down by broken supply chains.

The KOKO venture capital employees had been on vacation for half a year, and Su Yehao's Internet expansion plan had been suspended for a long time. Tonight, he once again had the idea that "it seems like he can buy in at the bottom."

Of course.

It was true that the NASDAQ index had fallen by 40%, but if calculated according to the value investment valuation formula, there was still a lot of froth in the market, and the risk of bottom fishing still existed.

Therefore, Su Yehao planned to take action himself and take the time to understand the situation first.

Zheng Yongwen, the Chief Executive Officer of the Hong Kong Stock Exchange, came to the banquet tonight to socialize, thanks to his position.

At this moment.

Zheng Yongwen approached Su Yehao and said with a smile:

"I've been watching you all evening and found that you're really amazing. You're like a magnet, attracting wave after wave of guests to take the initiative to say hello to you. How is it? Did you gain anything?"

Su Yehao spread his hands and calmly replied, "Forget about gains, I just came to join in the fun and help entertain the American delegation."

"Then what's going on with you and Miss Jiang? I saw her go out alone, and she seemed a little unhappy."

"It's okay, she's going outside to answer a call."

After pondering for a moment, Su Yehao smiled and said, "Jiang Yu is unhappy? Maybe she's not interested in this kind of activity, so she finds it boring. She's the kind of girl who doesn't have much ambition."

Zheng Yongwen nodded and said casually:

"I can see that your taste in women is really good. Business is important, but you can't neglect your beauties. Look at me, even if I had half your smoothness back then, I wouldn't be alone now."

"You can't still be thinking about my aunt, right? She's not married, she's beautiful, and she's a rich woman, more than enough for you. Go after her quickly, and fulfill my grandfather's wish."

Su Yehao continued to explain:

"As for Jiang Yu, I don't have any conflicts with her, we usually get along like this. Maybe it's because we've been friends for too many years, we're too familiar with each other. Since I've been with her, it always feels a little strange when we're alone, but our relationship is actually very good."

"Since you think there's no problem, then I'm probably just worrying unnecessarily. After all, although I'm many years older than you, your experience in emotional matters is much richer than mine."

After Zheng Yongwen finished mocking himself with a smile, he skipped this topic and asked:

"Do you know that the mainland also plans to establish a science and technology innovation sector? Our Hong Kong Stock Exchange has always had disagreements about this new business. If they know there will be competitors, I'm worried that your vision will ultimately fail."

As soon as he finished speaking, Su Yehao immediately shook his head and said:

"That's two different things. The trading methods, listing system, and sources of funding are all different. The mainland is mainly to support high-tech enterprises and provide them with a financing platform. There is no competition between us. After we understand the details, we'll discuss it again."

"Okay."

At this moment, Zheng Yongwen raised his head and then asked Su Yehao:

"Do you know Mr. Kevin Davis of Morgan Stanley? Introduce me. Air China on the mainland wants to learn from China Unicom and list on both the Hong Kong Stock Exchange and the New York Stock Exchange at the same time. Morgan Stanley has experience in this area, as they have helped China Eastern Airlines to list before."

"It seems like you've gained a lot, another big deal."

Su Yehao asked in confusion, "How much money is Air China preparing to raise? Our Hong Kong Stock Exchange should be able to handle this order, right? China Unicom raised a full five billion US dollars, which we couldn't manage, but Air China doesn't need that much money, shouldn't you try to get it?"

Zheng Yongwen said:

"About ten billion RMB, but they are the customer, and I don't have that much influence. If you are willing to help, then the chances of success will be greatly increased."

"No problem, I'm also one of the major shareholders, Yong Ge, remember to say a few good words for me on the board of directors, so that you don't end up not supporting my Sci-Tech Innovation Board proposal..."