A group of white-robed tycoons checked into Su Yehao's golf course resort.

Su Yehao, originally intending to profit from real estate speculation, had acquired the entire villa area of the Shahe Golf Club. Not wanting it to remain idle, he converted it into a villa-style hotel for business operations.

Unexpectedly, business turned out quite well. Many people considered it their first choice for entertaining clients because it was upscale, with a particularly good environment. The large golf course visible from the rooms added to its prestige.

Not only did he make money running the hotel, but the villas themselves were also appreciating in value.

Since last year, when the government clearly designated the real estate industry as a pillar of the national economy and issued the "Notice on Promoting the Sustained and Healthy Development of the Real Estate Market," the era of real estate regulation began.

During the SARS outbreak last year, people risked wearing masks to buy houses, and the market was indeed overheated.

This year, the Pengcheng Metro Line 1 is about to open, and many real estate projects are advertising "metro access," so the heat hasn't diminished. The so-called regulation probably only regulated loneliness.

In Su Yehao's view, actually...

Analyzing whether housing prices are too high based on per capita income doesn't seem to suit the situation in the mainland. Using median income for analysis is equally unsuitable.

After all, the population is so large that even if calculated according to the actual purchasing power of the mainland, only a small portion of the so-called middle and upper class emerges, easily accounting for tens of millions of people. Their purchasing power is relatively strong.

Experts have been shouting since the 1990s that housing prices are too high and may collapse, but until now, they remain stable as ever, and housing prices have even risen significantly. The so-called existing housing stock has not had an impact.

This is mainly because a large number of new buyers have emerged in the market, and they are the main force in purchasing houses.

Many people haven't woken up yet and continue to compare housing prices with average income, finally concluding that there is a serious bubble in housing prices. This idea is actually not very realistic.

Besides, even if calculated according to per capita income, Pengcheng's per capita income of more than 20,000 RMB can buy almost four square meters of new housing. Many families have two people working, and their parents are helping out, so the burden is not too heavy.

From the 1990s to the present, almost all those who truly gritted their teeth and bought houses have no regrets.

Some real estate prices have tripled or quadrupled, and they only regret not buying one or two more sets when housing prices were cheap, or buying larger units.

Those who thought they were smart and always felt they should wait a little longer are probably crying their eyes out.

Some experts' views may be correct from the current point of view, but unfortunately, plans always fail to keep up with changes. The market economy has developed too fast and too well, catching many people off guard...

The inspection team from the Middle East mainly includes representatives from several companies in Saudi Arabia and the United Arab Emirates.

They happened to have a meeting a few days ago, discussed it with each other, and came together, trying to help each other, increase their influence, and then learn from European and American companies to invest in some large projects with more growth potential.

Speaking of this delegation, it actually has something to do with Su Yehao.

His 5s Asset Management Company has expanded its business to the Middle East, opening offices in Riyadh, Dubai, Abu Dhabi, Qatar, and other places. The private equity wealth management products it launched have outperformed others in terms of yield, even exceeding the gains in the recovering Nasdaq market.

This news had already spread in upper circles, and with the active operation of the senior president of 5s Asset Management's Middle East branch under Su Yehao, this group of potential major clients was successfully brought to the mainland.

So, as soon as these white-robed tycoons arrived, someone suggested that Su Yehao help with the reception. Involving investment funds that may be as high as tens of billions of dollars, it would be most appropriate for him to come forward in person.

Even without a cloth on his head, Su Yehao is still the richest.

After meeting with these people, there were no obstacles to communication with the help of a translator.

After some pleasantries, when Su Yehao introduced Zheng Yongwen to everyone, one of them, Saleh Al-Misal, a representative of the Abu Dhabi Sovereign Fund, immediately looked surprised and reached out to shake hands, saying with a smile:

"I seem to remember you. A few years ago, there was a very powerful person who drove away Soros and helped Su crash the stock market, making a lot of money. That's you, right?"

Zheng Yongwen served as a chief financial advisor, using hundreds of billions of dollars in funds to fight wits and courage with multinational speculators led by Soros.

In Zheng Yongwen's mind, that was the highlight of his life, which could not be surpassed. Even now that he has become the chief executive of the Hong Kong Stock Exchange, it is still a bit inferior to the few fights with Soros.

Although he didn't win at the time, and the stock market and housing market both crashed, that was mainly because there were bubbles in the market. At least he protected the foreign exchange market, defended the basic market, and made Soros retreat.

Overall, it was barely considered a win, but the short-term cost was a bit high. He eventually resigned, and his reputation is still not very good, belonging to the scapegoat.

As for helping Su Yehao crash the Nasdaq... this is an achievement that fell from the sky. In order to successfully become the CEO of the Hong Kong Stock Exchange, Zheng Yongwen had to bite the bullet and cooperate with Su Yehao's hype.

Su Yehao nodded with a smile on his face and replied:

"That's right, Mr. Zheng has given me a lot of help in my business. I believe that as long as you are willing to trust 5s Asset Management, you can get very generous returns. Miracles are constantly being born on this land. I used to invest in a winery, and in just a few years, the return rate exceeded 200%. There is also my investment in a real estate company, with a return rate of almost 400%, which is a stable, high-return project."

After the translator finished speaking, one of the white-robed old brothers asked in confusion: "Since it has such a high rate of return, why can it still be low-risk?"

Zheng Yongwen helped explain:

"That's because the new market volume is very large. In addition to the company's own basic market, new opportunities will continue to emerge. On the basis of value investing, the possibility of growth investment is added, and it is easy to obtain extremely high returns."

Su Yehao nodded with a smile.

Investment promotion is very important. The funds it brings can be used to increase employment, create tax revenue, and strengthen ties between regions, maintaining relatively friendly relations.

Since people have invested real money, it doesn't matter if they earn some money back. Now, attracting more funds and factories to the mainland is obviously more beneficial than harmful to the mainland.

Especially when companies in Europe, the United States, Japan, and so on like to play monopolies and achieve high returns by suppressing local companies, the funds from these oil tycoons are not so hot to hold and can support a group of local companies.

Everyone is doing business and playing finance. After listening to Zheng Yongwen's explanation, most people can understand.

The main idea is that the mainland is constantly making the cake bigger. If you come to invest in local companies, you are likely to get a larger share of the cake. Even if you ultimately fail to expand, you can basically maintain the basic market and should not lose too badly.