The land in Lujiazui.

Especially residential land. You could buy it with your eyes closed, no need to hesitate at all.

Staying at the Peace Hotel, looking down at the narrow street across from me, I saw the mainland flagship store of SK-II cosmetics. The skin care and whitening effects of this product were indeed quite good, and the store was packed with customers.

Su Yehao spent some time visiting construction sites and property developments. Then, just before office hours, he arrived at the Shanghai branch of 5S Asset Management, located in People's Square.

His own office building was still under construction, so he rented a floor as a temporary measure, which was enough for the time being.

After arriving at the company, he called a meeting with the senior executives who were present and listened to their reports on the sales of the company's various fund products, especially the open-ended funds.

In the first half of the year, Su Yehao and four mainland giants jointly invested 10 billion to establish SSSSS Asset Management. The first foreign investment using its own funds was financing the Hong Kong Stock Exchange.

Recently, it was decided to provide $200 million to China Unicom. China Unicom was about to be listed on both the New York Stock Exchange and the Hong Kong Stock Exchange. Su Yehao was not optimistic about its profit prospects, and this investment seemed more like a gesture to maintain relationships.

After all, he had previously sold more than 200,000 Qualcomm pdQ phones to China Unicom, and the Black Diamond phones, which would soon be in production, also needed China Unicom's help for external sales.

A few days ago, China Unicom had just announced a strategic partnership with Qualcomm, and would be using Cd/ developed by Qualcomm before the end of this year.

The local head asked tentatively:

"I heard news that you promised to provide the higher-ups with 60 billion RMB in financing within three years. I don't know if this is true. The rumors are spreading like wildfire, and it's having some impact on our company..."

"Yes, it's true. Some enterprises, after shareholding reform, actually have quite good prospects. Purely from an investment perspective, I'm very optimistic about some companies."

Su Yehao tapped the table and asked curiously, "Why? Have any investors asked about this?"

"Many people have asked these past few days. They want you to use the money to speculate on stocks, the kind where they can see immediate returns. If we launch products targeting state-owned enterprise reform, I'm worried that sales will be worse than other products. Sixty billion RMB over three years... it seems a bit troublesome. The investment cycle seems too long, not attractive enough."

Since the start of securities trading, the stock market has been fluctuating wildly, behaving quite immaturely.

The Shanghai Stock Exchange was only established ten years ago and has already experienced three stock market crashes. The trends of individual stocks are often completely illogical.

Over time, investors inevitably become frightened, afraid of being fleeced.

These small and medium-sized investors at 5S highly overlap with stock market speculators. They are usually accustomed to short- and medium-term speculation, afraid of being trapped if they are not careful, and lack a long-term investment philosophy.

Many of them are now using the perspective of stock speculation to view open-ended funds, treating them as a kind of speculative product similar to new types of stocks.

In the past, there were restrictions on the lock-up period, but now they can run away at any time. When it comes to commissions, isn't there also stamp duty in the stock market? The two are indeed a bit similar.

Under these circumstances, asking them to take out money and patiently wait for the state-owned enterprise reform to profit, even with Su Yehao's title of "Little Stock God of Hong Kong," is not very useful.

After all, what does it matter if he's made great strides in the US market? Soros, who swept through Southeast Asia a few years ago, was almost completely ruined. Many people sincerely feel that with the A-share environment, even if the great stock god Buffett came, he would be unlucky.

Hearing that investors were not optimistic about the state-owned enterprise reform sector, Su Yehao clicked his tongue and said with emotion:

"A large number of multinational companies are looking for prey everywhere in the mainland with bloodshot eyes. Are they all doing charity work? These people's investment philosophy really needs to change. It doesn't matter if someone doesn't believe in me. You don't need to feel pressured. As long as the performance is good enough in the future, raising money will be quick given the scale of the mainland market. I'll think of a way..."