To him, 500,000 yuan isn't even a drop in the ocean.
Let alone the many favors Gao Feng had done for him before; just based on their friendship since childhood, if the other party asked, he couldn't possibly not lend this money.
"So, you've really made a lot of money in investments recently?"
Gao Feng smiled upon hearing Su Yi's words, unable to resist asking out of curiosity.
He had heard that Su Yi went back to Modu to raise funds and borrowed a lot of money for investment a while ago, and recently, he had also heard rumors that Su Yi earned over 10 billion in profits from the pound exchange rate market during the "Brexit referendum" event.
"I did make some," Su Yi said, "but it's not as exaggerated as outsiders say."
"Alright," Gao Feng said, "since you put it that way, I feel less pressured."
He had thought about borrowing 500,000 yuan from Su Yi to buy a house for a long time but had never been able to bring himself to call Su Yi about it.
After all, he wasn't the kind of person who would readily trouble friends when he had an issue.
But seeing that the matter was becoming increasingly urgent, and he found it difficult to think of other ways to raise the 500,000 yuan.
So, in the end, when Su Yi called him, he still brought up the matter from his heart.
Su Yi smiled and said, "Is 500,000 yuan enough? If not, just say so."
"Enough, enough," Gao Feng said repeatedly. "When you're free, let's get together again. Although I can't afford delicacies, a simple meal is always an option."
"Okay," Su Yi replied and then hung up the phone.
Then, he immediately sent Gao Feng a message on WeChat, asking for his bank account, and promptly transferred 500,000 yuan to him.
When the bank transfer was successful.
A few minutes later, Gao Feng replied to him on WeChat with a confirmation message.
Su Yi glanced at the message and replied, "You use this money first. Just say if it's not enough, and there's no need to rush to pay it back. I'm not short of this money right now."
"Thanks," Gao Feng responded, not being overly polite with Su Yi.
"How were things at the hospital today?" Su Yi asked, looking up and seeing his mother just after finishing his chat with Gao Feng.
"There shouldn't be any major issues," Su Yi replied. "Mom, don't worry about these things. I'm here, and I'll definitely find a way to cure Wan'er's eyes."
"I'm not worrying, I just wanted to ask," Su's mother replied.
Ever since moving to Modu, her living conditions had improved, and she had become increasingly idle, always feeling uneasy if she wasn't doing something.
"Wan'er and I went to the hospital to see the girl who wants to donate her cornea to Wan'er." Su Yi saw the inquiring look in his mother's eyes, thought for a moment, and said, "She's a girl with a difficult fate, and her family's financial situation isn't good. The doctor has already issued a critical condition notice, and she probably has one to two months at most."
With that, Su Yi told his mother all the specific details he had learned at the hospital today.
Su's mother sighed after hearing Su Yi's words and said, "Then another day, your father, Chu Wan, and I will go to the hospital to see their family."
"Okay," Su Yi nodded. "If there's anything we can help with, Mom, just decide."
"I know," Su's mother smiled.
Seeing that the nanny had already served the dishes, she invited everyone to eat together.
After everyone was seated, Su Yi thought for a moment and then said, "Dad, Mom, during this business trip to Hong Kong City, I bought a new house there. If you feel tired of living in Modu and want to go out for a walk, or relax in Hong Kong City, you might as well stay there for a while."
"Why did you buy another house?" Su's father said, "Hong Kong City is so far away; your mother and I wouldn't be used to living there!"
Su Yi smiled and said, "Stay for a while longer, and you'll get used to it."
The core business development of the company in the future cannot be separated from the layout of the international financial market.
In other words, for the future development of the company's global business, he will most likely be commuting between Modu and Hong Kong City.
Therefore, he hoped his parents could go and adapt.
"Let's talk about it later, let's eat first." Su's mother knew her son meant well, so she didn't rush to refuse.
The family finished dinner together, and in the afternoon, Su Yi had new matters and dinner engagements to attend to.
Watching Su Yi rush out again after a short nap, Su's mother suddenly felt that perhaps the ordinary days of the past weren't so bad after all.
Of course, a career was her son's ideal.
Moreover, now that the family lived together, there was nothing she needed to worry about specifically, and she had no complaints.
Just occasionally, she felt a little heartache for her son.
"Mom, I'm going out and won't be back for dinner tonight." Before leaving, Su Yi saw his mother's concerned gaze and said with a smile, "If you find it boring staying at home, you can take Wan'er out for a walk, go shopping, or something."
"Okay," Su's mother replied, admonishing him, "Drink less alcohol."
Su Yi nodded and then left.
Over the next few days, after dealing with several dinner engagements, Su Yi shifted his focus back to work.
"General Manager Su, this is the current net value report and position data for our 'Huayi Expedition No. 1' fund product." On Wednesday, July 27th, inside Huayi Capital Company in Modu, the newly promoted 'Huayi Expedition No. 1' fund product manager Hou Baolong handed the data report to Su Yi, "Thanks to the recent market rebound, our fund product's net value growth has reached 3.25."
"Not bad," Su Yi praised, flipping through the fund's net value report.
Hou Baolong smiled and said, "It's all thanks to General Manager Su's trading plan formulated at the beginning of the year and the selected core heavily invested stocks that we have today's performance.
Although the overall market has been declining this year, many of our fund's heavily invested core stocks, such as Qianzhou Maotai, Wuliangye, Luzhou Laojiao, Tianqi Lithium, Ganfeng Lithium, Hengrui Medicine, Huaguo Guolv... and other stocks, have risen significantly against the trend.
In addition, you instructed us to continuously perform 'T+0' operations on these stocks, based on the principle of maintaining floating positions, which has greatly increased our excess gains. This is why we have this excellent performance report now."
Speaking of which, he was quite impressed with Su Yi's initial market judgment and chosen strategy.
He was truly quite impressed.
At the beginning of the year, during the market circuit breaker and subsequent continuous plunges that set a low of 2638 points.
Su Yi's judgment on the major themes that would emerge in the subsequent market, now seems entirely correct.
Especially the liquor sector, whose core stocks, after missing the magnificent bull market from 2014 to 2015, have now, with the reversal of industry fundamentals, surprisingly become the safe haven for various fund groups in the entire market.
The corresponding core liquor stocks continued to fluctuate to new highs even as the index slowly declined.
"Even the best strategies and plans require your excellent execution to yield good results," Su Yi said. "And without a doubt, you have executed the strategies very well during this period."
"Thank you for your praise, General Manager Su," Hou Baolong replied with a smile.
Su Yi looked at him, somewhat nervous, and said with a smile, "Don't be nervous, just say whatever you have in mind."
"Hmm, okay," Hou Baolong paused and said, "I feel that with our fund product's capital scale growing larger and larger, the strategy you previously formulated, General Manager Su, which requires us to stick to these fundamentally reversed blue-chip stocks and continuously perform 'T+0' operations to increase excess returns, is becoming increasingly difficult."
After all, as the market entered a bear market, overall liquidity has been continuously decreasing.
On the trading floor, daily trading volume is also decreasing.
It's difficult for us to find sufficient buying interest when conducting intraday operations with a large amount of capital."
"That's true," Su Yi pondered for a moment, finding Hou Baolong's words reasonable. He paused and asked, "So, do you have any new ideas?"
Hou Baolong said, "I think we can continue to appropriately diversify our investments into more stocks, reducing the weight of each individual stock position. This would make intraday operations easier for us, and with diversified holdings, our fund's net value trend would also be smoother, and our ability to resist market risks would be stronger."
The current capital scale of the entire 'Huayi Expedition No. 1' fund product.
After more than half a year of growth, it has reached 65 billion yuan.
The fund currently holds a total of 45 stocks, meaning that on average, the market value of each stock position exceeds 1 billion yuan.
And among these, their position in Qianzhou Maotai.
Has already exceeded 10 billion yuan, always staying close to the 5% disclosure threshold.
With such a massive amount of capital, and with positions remaining relatively constant, trying to achieve additional performance through intraday operations is already quite difficult.
Therefore, Hou Baolong wanted to propose a new strategy to Su Yi.
Otherwise, if they continued to execute the original strategy, the performance of the entire 'Huayi Expedition No. 1' fund would solely depend on the market performance of its held stocks.
"Agreed," Su Yi nodded slightly. "As our fund's capital scale grows, it's necessary to continue diversifying investments given limited market liquidity. What are your thoughts on new investment directions, or rather, main market themes? If we are to diversify holdings, which stocks and which market themes do you intend to shift positions to?"
Hou Baolong said, "I remember General Manager Su said before that under the 'supply-side' reform macroeconomic strategy, the favorable wind for real estate has arrived."
"I did say that," Su Yi replied.
Hou Baolong continued, "Based on the housing price trends in Modu and other first and second-tier cities over the past six months, as well as the enthusiasm of homebuyers, it's clear that the favorable wind for a full recovery in real estate has begun to blow. I think... we can focus our layout on this sector.
Also, the 'black series' sectors where 'supply-side' reform is focusing its efforts, such as coal, steel, and cement.
After being ravaged by previous cyclical downturns, with some enterprises failing and some production capacity eliminated, and with the favorable wind of real estate sweeping across our country, these leading stocks in industries that were previously despised and discarded by various investors and the market have now acquired significant long-term investment value and also possess the opportunity for a comprehensive fundamental reversal."
"Black series, plus real estate." Su Yi pondered the investment directions proposed by Hou Baolong and said with a smile, "Not bad, it's indeed a good direction. However, our current stock holding weight in the real estate sector is already quite high. Do you intend to further increase the holding weight in this area?"
"Yes," Hou Baolong nodded and said, "Moreover, in this wave of real estate recovery, rapidly expanding real estate enterprises are not in the A-share market. I think... we can diversify a portion of our funds into Hong Kong stocks for investment. Compared to the A-share market, many stocks in the Hong Kong market have cheaper valuations and higher elasticity."
"Agreed," Su Yi nodded slightly and said, "You can coordinate with Manager Wang Yifan of the Fund Investment Strategy Research Department to study the specific investment strategy plan, the proposed investment stocks, and the pre-determined weighting for each stock. After that... we'll hold another investment strategy meeting to formulate the final investment strategy."
"Okay." Having received Su Yi's agreement, Hou Baolong quickly nodded.
Immediately, he exited Su Yi's office and hurried towards the office of Wang Yifan, head of the Fund Strategy Department.
Su Yi watched Hou Baolong's figure gradually disappear from his sight and was quite satisfied with this newly promoted fund manager recommended by Wang Huaijin.
At least, after the conversation just now.
He could determine that the other party possessed a sharp insight into market developments and the ability to seize opportunities.
As for other capabilities, they, of course, remained to be seen.
But no matter what, he believed that with him controlling the main investment direction of the 'Huayi Expedition No. 1' flagship fund product, no matter how it was operated, the fund's performance and the company's development would not be bad.
After listening to Hou Baolong's report on the company's fund products and issuing new work instructions.
Su Yi then went to the Human Resources Department to inquire with HR Manager Luo Tonghui about the company's recent recruitment situation and the staffing completion in various departments.
"Currently, the staffing for all departments in our company is basically complete," Luo Tonghui said. "Only the recruitment of traders is still somewhat lacking due to strict procedures and the expansion of personnel required by the trading department. However, five or six intern traders have now passed the live trading and internship assessments and can officially start."
"Good," Su Yi said, seeing no major issues, and didn't ask further.
Afterward, he walked out of Luo Tonghui's office, intending to go to the trading department, but outside the office, he ran into a familiar figure who had come to apply for a job at the company.
"Su... Su Yi?"
Before Su Yi could react, the other person exclaimed in surprise.
"Chen... Chen Anran?" Su Yi thought for a moment before recalling the other person's name. "Are you... looking for a job?"
Chen Anran smiled and nodded, replying, "That's right, I've graduated, so I have to find a job, right? I saw online that everyone says this company has good benefits, so I wanted to give it a try."
(End of Chapter)