The next few workdays...

The Hong Kong stock market and the mainland stock market staged a double high-diving performance.

Su Yehao, who seemed to be cashing out at a high level, was still affected by the total assets, with a slight decline.

However, due to the large amount of cash safely in his pocket, the decline in the rate of return was relatively small.

Anyway.

Compared with the invested capital, Su Yehao obviously made enough money.

5s Asset Management also has sufficient cash flow, so there is no need to worry about customers cashing out, which allows him to be comfortable in the market downturn and watch the excitement for a while.

A-shares rose sharply at the beginning, and the decline in November was even faster.

In just three weeks, when it entered December, the statistics found that the single-month decline in November was as high as 18%. During this process, countless stockholders were affected, and many fragile middle-class people were directly beaten back to their original shape.

When the general manager of 5s Asset Management and 5s International Financial Investment Bank found him to report on their work, Su Yehao sincerely sighed, it's best not to think about making money outside of one's own knowledge.

Whether it was the increase in stamp duty in the middle of the year, or the tightening of funds by the fund company in October, prohibiting customers from continuing to subscribe for investment, it was actually sounding the alarm. It is a pity that the authorities were confused, and the stockholders who were overwhelmed rushed into the stock market.

Zhao Yi Meng, who had been reminded by him in advance to short the FTSE China A50 index in Singapore, easily earned more than 200 million Hong Kong dollars in November. When the two met again on the hybrid sailing yacht, she really "thanked" Su Yehao a lot.

Unlike Su Yehao, who was numb to making money in business, Miss Zhao is more ambitious and still believes that making money is very fulfilling and exciting.

On the other hand, Su Yehao, as if disgusted with the money being too hot to handle, began to seriously study the repurchase plan.

He is just preparing the plan in advance, preparing to choose an appropriate time to support the listed companies that have been listed, such as Meidi Group, Maotai Group, Yanghe Liquor, Hengda Real Estate, Yangtze Power Group, Suning Appliance, etc., a total of thirteen listed companies, and the total repurchase amount is expected to exceed 80 billion Hong Kong dollars.

Due to the large-scale reduction of holdings by him before, the stock prices of these companies have generally risen less than other listed companies in the previous period, so there is no need to wait for the bottom to buy, but mainly to protect the interests of investors.

It is rare to see a major shareholder like Su Yehao who does not care about the small profits of the stockholders.

It is estimated that when the repurchase plan is spread out, it will have the effect of stabilizing its subsidiaries in advance. At that time, most other stockholders will be saddened and tearful when they hear about it.

In a healthy stock market, listed company managers should consider issues from the perspective of stockholders, instead of changing their course at the first sign of trouble, taking advantage of the crisis to kick them when they are down, and looking for someone to take over and desperately reduce their holdings and cash out.

Su Yehao's reduction plan was suspended in the first week after the stock market crash. The total amount of cash held by him personally, family trusts, and 5s Asset Management totaled about 650 billion RMB.

Countless safe-haven funds tried to pour into Qdii-type funds and indirectly invest in overseas stock markets through 5s Asset Management. For the sake of the future of these stockholders, Su Yehao also chose to temporarily prohibit the subscription of Qdii funds.

Don't look at the seemingly large decline. Some investors have only temporarily spit out some profits. The actual loss of 5s Asset Management investors accounts for less than 5%, so the expected run has not occurred temporarily.

In this situation, Su Yehao only felt that it was okay.

From the data, it is still at a high level. The decline in November was relatively rapid, far from the most difficult time. In the future, it will probably be a slow death, entering a relatively long-term bear market.

The mainland and Hong Kong stocks fell first, and the other markets in the Asia-Pacific region and Europe and the United States are watching the jokes. It is estimated that it will not take too long before their good days are coming to an end...

————————

In Hong Kong in December, the weather is gradually getting colder.

Nong Qingying brought him a camel-colored coat made of vicuña wool, and during the period she also smiled and said:

"Yours is a men's style, mine is a women's style, and my son定制(dìngzhì, custom-made) a small one, so everyone knows it's a family when they go out. Tianrui is growing really fast. The clothes I just bought last year don't fit this year. Now he gets tired from walking and wants me to hug him, but how can I hug him."

Vicuña wool comes from South America and is a species that looks very much like an alpaca, but is even rarer.

Su Yehao also had a vicuña wool sweater before, and the fabric was particularly comfortable.

The price of a casual sweater is as high as hundreds of thousands of Hong Kong dollars. It is said that because they are protected animals, they can only take wool by combing. The wool taken from twenty or thirty vicuñas is only enough to make a sweater.

With a bit of curiosity, Su Yehao asked her, "How much is mine?"

"More than 20,000 euros, what's wrong?"

"It's really expensive. My son is in school all day, and occasionally has fights with his classmates. It's okay to wear something casual. If someone splashes a few pen and ink dots, do you want to make the parents of others bankrupt?"

Su Yehao was joking.

Nong Qingying rolled her eyes at him and told him, "You don't know, he can only wear school uniforms at school, and the styles are really ugly."

"Loose sportswear, just to prevent the children from comparing with each other from an early age. I feel that my decision to send him to Pengcheng to study was not wrong. At least he is still a pretty normal child and has not been spoiled by his classmates."

Su Yehao recalled his student days, although not so exquisite, but still happy.

If he sends his children to private schools in Hong Kong or abroad, he can guess without guessing that those precocious guys will definitely revolve around his son. Su Yehao doesn't want his children to become like himself in the past.

It's just a coat, and no one really takes it to heart. After Nong Qingying asked him to try on the clothes, she continued to ask:

"Miss Nangong is pregnant, right? If you put in more effort, I think you can also help your son have another younger brother or sister. My son is studying every day, and there is a lot of homework in the evening. I just happen to have time."

Good heavens, she is really going to put together a football team.

Thinking that when he gets a little older in the future, he may even find it difficult to remember all the names of his grandchildren and granddaughters, Su Yehao twitched the corner of his mouth and replied:

"It's not impossible, let's just let nature take its course, but what does it mean to put in more effort? I seem to hear a little bit of suspicion that you're trying to trick me into bed."

Nong Qingying chuckled and said to him, "How can it be a trick? You haven't had time to accompany me recently. When my friends ask me to go out for dinner, they all bring their families with them. You should take some time occasionally."

A very reasonable request, Su Yehao immediately nodded:

"Okay, why don't we do it tonight? Just find an excuse to invite your friends to a meal. If there's time, we can also go see a movie. Stephen Chow's movie *Kung Fu* has just been released. I also provided some ideas when writing the script..."