Chapter 477: Praising to Death
Lu Yiming is full of respect for the Hope Group. At least in the 1990s, the Hope Group was still mainly engaged in industry and had its roots in agriculture, especially in the feed industry, where it had made extensive efforts.
Lu Yiming admired this point in particular. After all, with the advent of the Internet era, there were not many people willing to run their businesses down to earth.
So when facing Liu Yongxing, Lu Yiming acted very modestly: "No, it's just luck. Entrepreneurs like Mr. Liu who don't succumb to fate and are determined to make progress are role models for young people like me."
Everyone loves flattery, especially for a young man like Lu Yiming who has countless halos on his head. Liu Yongxing admires him even more in his heart, so he is more interested in talking than before.
Just then the elevator arrived, and he said, "Mr. Lu, you and I get along so well, I'll have a couple of drinks with you anyway, please."
"please."
The group went up to the top floor and just as they walked out of the elevator, many people recognized Liu Yongxing and greeted him.
At the same time, these people were also curious about Lu Yiming and Shi Qingxue. However, like Liu Yongxing, they thought that they were family descendants brought by someone, and didn't pay much attention to them at all - except for a few young people who kept their eyes on Shi Qingxue.
Lu Yiming looked around and saw that in addition to some first-generation private entrepreneurs who had rapidly emerged after the reform and opening up, there were also many people from the investment and financial circles.
It can be said that no one who can stand here today has assets less than 10 million. They are all either rich or noble. They are all upper-class celebrities in China Overseas, and they are also the so-called "high net worth individuals" that are most favored in the luxury industry.
Moreover, the topics they talk about are closely related to current affairs, especially the direction of economic development, which industries have greater business potential, and even some news and information that are kept secret from the outside world. These are all passed back and forth here. As long as you are willing, you can reap a lot.
This is what is called a circle.
Even for ordinary people, as long as they can squeeze in and hear a few words, getting rich is just a piece of cake.
However, Lu Yiming has already passed the stage of making the first pot of gold. He is not even interested in finding out a lot of stock information and gossip. After all, even if there is profit to be made, the odds are too small. He can only make tens of millions at most after all the effort, which is quite boring.
After all, his situation is different now. In the next five years, he will basically not bother to pay attention to industries with a market value of less than 1 billion yuan.
After a while, someone whispered, "Ah, President Wei is here."
Sure enough, amid a burst of exclamations, a young man wearing glasses and with a bright smile walked into the banquet with calm steps.
Lu Yiming was just curious about who this "Mr. Wei" was, so Guo Guangchang quietly introduced him to Lu Yiming: "This Mr. Wei is not ordinary. His name is Wei Dong, but he is a man of great background. You can get to know him more later."
As he said that, he went to meet Wei Dong. And Lu Yiming slowly found Wei Dong's information from his memory.
Wei Donglong walked with the gait of a tiger and a high-spirited attitude. As soon as he appeared, he became the focus of everyone's attention. Many people surrounded him and greeted him.
As a member of the last generation of the 1960s generation, Wei Dong is only 29 years old now. He is the youngest billionaire among everyone present, except Lu Yiming.
He was an undergraduate graduate of the Department of Economics and Management of the University of Finance and Economics in 1986. He then obtained a postgraduate degree from the University of Finance and Economics and graduated in 1993. Relying on his extraordinary talents and the relationship between his father, Wei Zhenxiong, a well-known domestic accountant, he was able to join the Ministry of Finance and work at the Xiaguo Economic Development Trust and Investment Company under the Ministry of Finance.
However, capable people often do not like to work seriously, especially in state-owned enterprises, which are lifeless and the most patience-exhausting places.
So a year later, Wei Dong felt that he had accumulated enough connections, so he resigned and started his own business, operating a series of companies under the name Yongjin. His capital operation methods were dazzling, and his growth rate was even more astonishing.
Many media outlets previously believed that it was impossible for him, who was only 27 years old at the time, to have such vision and strategy.
But geniuses always do not follow the beaten path. Wei Dong founded Yongjin Group in 1994, which was engaged in the investment field. It soon succeeded in controlling well-known companies such as Jiuzhitang Group and Guojin Securities. With such achievements, Wei Dong also became a well-known figure in China Overseas.
Even though Lu Yiming is much better than Wei Dong in terms of personal assets right now, in fact, in terms of resources controlled and influence possessed, Lu Yiming cannot catch up with Wei Dong even if he tries hard.
After all, this is Xia Country. It is not enough to have money, you also need power.
Seeing that everyone at the scene was circling around Wei Dong, Shi Qingxue asked curiously, "Lu Yiming, is that person very powerful?"
Lu Yiming glanced at Wei Dong who was being watched by many people, smiled and said, "He is just average. I will definitely be better than him in the future."
Guo Guangchang admires Lu Yiming's confidence very much. After all, youth is Lu Yiming's asset. In time, who knows how much Lu Yiming will achieve in the future?
He asked, "Mr. Lu, what do you think of Wei Dong and the Yongjin Group?"
Lu Yiming was silent for a moment, and finally whispered eight words: "It's hard to have a good ending after a while of glory."
Guo Guangchang couldn't help but turn his head to look at Lu Yiming. He found that Lu Yiming didn't seem to be joking, so he asked, " Why do you say that?"
Lu Yiming said calmly, "The way Wei Dong and Yongjin Group make money is more like making money out of nothing than capital operation. Where did he get the money to buy stocks? Who did he borrow from? Why is he so successful in the capital market? To put it bluntly, it's nothing more than collusion. If you don't keep your feet on the ground, you're doomed to not go far. There's a saying that goes, when the tree falls, the monkeys scatter."
I have to say, although the words are harsh, they also hit the nail on the head.
Why did many of the wealthy people who rose to prominence in the 1990s later fall from grace?
It is because the means used are shameful, especially in the financial field involving capital operations, there are countless cases of failure.
After listening to this, Guo Guangchang fell silent. He stared at Lu Yiming for a long time, smiled bitterly, shook his head and said, "Xiaodi Lu, you really dare to say anything. Fortunately, we are all family here."
In fact, Lu Yiming couldn't help but sigh in his heart. In his previous life, Wei Dong jumped from a high place in 2008. He claimed to the public that he was suffering from depression, but the real situation could not be hidden from anyone with a discerning eye.
He spent fourteen years to build a huge business empire worth thirty billion, but such a business genius ended up jumping off a building due to depression at the age of forty-one?
Do you believe it?
And then nothing happened. After all, according to the "rules of the underworld", when a person dies, all debts are settled, and it's all over.
After the death of the "last big boss" of the capital world, the domestic financial circle has entered a new era. Boss Jia and Sun Wukong are both leading the way, and compared to their senior Wei Dong, they are happier.
After all, times are progressing. Even if something happens, they don't have to pay with their lives. At most, they can return home next week. This is the embodiment of people-oriented thinking.
Lu Yi knew clearly what Guo Guangchang wanted to ask. He just wanted to get a piece of the pie since Wei Dong was making a lot of money.
As a businessman, isn't the only thing on his mind that is making money?
Lu Yiming reminded Guo Guangchang, "Try not to touch this kind of thing if you can. Not everyone can make money the way Wei Dong does, and not everyone can live to a ripe old age. If you get depression or mental illness, that would be bad."
The reason why Lu Yiming did not invest in the domestic stock market was because he was afraid of encountering such things and meeting such people.
So many people are gathering around Wei Dong right now, but he is trying to avoid them and doesn't want to be involved at all.
It’s a pity that he wanted to keep a low profile, but someone just didn’t let him do that.
Gao Yousi also came to the banquet. After greeting Wei Dong, he immediately saw Lu Yiming standing alone outside the crowd. He then smiled meaningfully and said, "Boss Wei, I didn't expect you to invite the youngest billionaire on the Hurun Rich List here today. He is a big shot."
A CEO who had a good relationship with Gao Yousi shouted, "Old Gao, stop bragging. Apart from CEO Wei and CEO Liu, who else here can be called a big shot?"
At this time in Zhonghai, Wei Dong and Liu Yongxing were both powerful talents.
Among them, Wei Dong has a powerful background, and Wei Zhenxiong has a family background and extensive network of contacts.
And Liu Yongxing is also extraordinary. Although the four brothers have separated, the Hope Group is still extremely strong, and his personal assets have reached an astonishing 2 billion. He has also invested in several industries with huge potential. Even in the near future, he is definitely qualified to compete for the title of the richest man in Xia Country.
In comparison, Guo Guangchang, who just took Fosun Pharma public and raised 350 million yuan in funds, is indeed not ranked at all.
Gao Yousi looked at Lu Yiming and deliberately said loudly: "You are just blind to this, right? If we really talk about personal asset ranking, I'm afraid that everyone present here tonight is not as rich as this person."
Then, everyone followed Gao Yousi's gaze and looked at Lu Yiming.
Gao Yousi said solemnly: "This is the youngest self-made billionaire in Xia Country. He has already made it onto the Hurun Rich List at the age of less than 20, ranking sixth. His future achievements are limitless. Do you think he is a big shot?"
After listening to Gao Yousi's introduction, everyone began to re-examine Lu Yiming.
"Is this Lu Yiming? I saw his name on the Hurun Rich List a long time ago, but I didn't expect him to be so young."
"He has risen so fast in just a few years, and he started from scratch. He is simply a business genius. He has unlimited potential in the future."
Lu Yiming's reputation was still very well-known in the circle. Although no one had ever met Lu Yiming, Lu Yiming's deeds were well-known after Gao Yousi mentioned it.
As soon as Lu Yiming heard this, he knew something bad was going to happen.
He had heard that his senior wanted to treat him to a meal, so he agreed, but he didn't actually like this kind of occasion very much, so he kept a low profile and had no plans to interact with these people.
But what no one expected was that just when Lu Yiming was about to get away with it, Gao Yousi came along and exposed him.
Under the gaze of everyone, Wei Dong came to Lu Yiming, looked at him curiously, then stretched out his right hand and said, "Mr. Lu, I have heard of your great name for a long time. Nice to meet you."
Afterwards, Wei Dong looked at Guo Guangchang next to Lu Yiming and said, "Old Guo, did you invite Mr. Lu to come? That's really not nice of you. You actually invited a distinguished guest like Mr. Lu and didn't even tell me in advance."
Guo Guangchang quickly admitted his mistake with a smile: "I'm sorry, Mr. Wei. It's mainly because my junior brother specifically told me before he came here not to make a big deal about it."
He did not address Lu Yiming as "Mr. Lu" or "Lu Yiming" in his conversation, but instead called him "junior brother", intentionally emphasizing the relationship between him and Lu Yiming.
Wei Dong, who is only 29 years old this year, joked: "Compared with young people like Mr. Lu, I feel a little old. It is true that the younger generation pushes the older generation forward."
With his identity exposed, Lu Yiming couldn't keep a low profile anymore, so he could only say a few polite words: "Mr. Wei, you are too polite. Your Yongjin Group is developing rapidly, and its business potential has not yet been fully tapped. In comparison, my little tricks are not worthy of being on the stage."
Wei Dong laughed and said, "Mr. Lu is really modest. Let's communicate more when we have time ."
Lu Yiming nodded slightly and said, "I will definitely do that next time."
Gao Yousi, who was standing in the crowd, was secretly proud of himself. He was deliberately trying to flatter Lu Yiming. After all, considering Lu Yiming's age, he was totally a junior here. But Lu Yiming was so rich that he directly stole the limelight from Wei Dong.
Everyone says that Wei Dong is a business genius. Now he has met Lu Yiming, who is even more talented than him. In fact, in terms of age, Lu Yiming is ten years younger than him !
Gao Yousi just didn't believe it. Wei Dong was really as kind as he appeared to be.
In his heart, he was already looking forward to a conflict between Wei Dong and Lu Yiming.
After a brief exchange, the dinner officially began. Guo Guangchang gave a speech, which basically thanked everyone for coming. Then people gathered in groups of three or four and began to communicate.
Although Wei Dong was not the host of this banquet, he had the most people gathered around him.
Soon, everyone started talking about stocks. Wei Dong said, "What do you think of the market recently? I think technology stocks are doing very well."
The summer of 1999 was definitely a memorable year for the Chinese stock market.
First of all, the “519” blowout market started, which Lu Yiming experienced personally.
On May 19, driven by Internet stocks, the Shanghai and Shenzhen stock markets experienced a strong upward trend, with the Shanghai Composite Index hitting a record high.
On July 1, the Securities Law of China was officially implemented, marking a new stage in the legalization of China's securities market.
The Shanghai and Shenzhen Stock Exchanges have also respectively issued the "Rules for Handling Suspension of Listing of Listed Company Stocks", implementing a "special transfer" service for suspended listing stocks.
On September 9, the CSRC also issued the "Notice on Issues Concerning the Allocation of Stocks by Legal Persons", announcing that three types of enterprises, including state-owned enterprises, state-owned asset holding enterprises, and listed companies, were allowed to invest in the stock market.
This series of measures made the already lively stock market even more boiling.
Gao Yousi wanted to show off, so he spoke first: "The performance is indeed good, but with the fierce fluctuations in the stock market, how to trade is more critical."
As soon as the topic of trading came up, the whole dinner became lively.
A private equity fund manager named Qian saw the opportunity and started to promote his own products: "We are engaged in strategic trading, and we care about whether the strategy trading components are numerous and easy to use. The systems we use now include chasing the daily limit, grabbing orders, timing, price payment, batch payment, moving profit-taking strategies, grid trading... They are all very practical. Convertible bond arbitrage, spot arbitrage... These arbitrage scenarios can all be met. To be honest, there are many special functions that we are also using, such as major shareholders' increase or decrease in holdings, scheduled reverse repurchases, one-click liquidation, basket trading..."
After saying this, Manager Qian looked at another financial colleague beside him and asked, "Old Sun, how are you guys?"
Mr. Sun manages quantitative private equity funds worth more than 200 million yuan, which is definitely not a low number at the moment.
Old Sun graduated from the same school as Manager Qian. He smiled and said, "Brother Qian, we are now focusing on quantitative analysis, and we will invest more in technology. The system we are using recently is pretty good. It has complete data support, good research functions, and can also provide accurate backtesting, formula engines, etc."
Shi Qingxue sat next to Lu Yiming, listening with stars in her eyes. She didn't understand a word of these topics, as if she was listening to a foreign language, so she whispered in Lu Yiming's ear: "What should I do? I feel dizzy listening to this."
Lu Yiming also smiled and whispered in her ear: "Don't worry, I don't understand much either, just let them continue to brag. How about we go have a drink and some cake?"
Shi Qingxue curled her lips and said, "Let's wait a moment. Everyone is chatting. Is it a bad idea for us to go eat?"
Wei Dong originally wanted to discuss stocks with someone, but ended up attracting two advertisers. He was immediately helpless. Seeing Lu Yiming and Shi Qingxue whispering to each other, he suddenly had an idea and changed the subject, saying, "Mr. Lu, if you have any insights, please feel free to speak freely."
Well, it’s impossible that Lu Yiming is also advertising, right?
Lu Yiming had a headache.
You guys are just bragging, where do I get my insights from?
As for these strange market conditions in the domestic stock market, not to mention that he doesn't understand, even if he does, he wouldn't dare to make a fuss about it. What if he blocked others from making profits? Wouldn't he then create a mortal enemy for no reason?
But since Wei Dong asked him, he had no choice but to speak up, after all, so many people were watching him.
Lu Yiming had no choice but to answer: "I have never paid much attention to the domestic stock market. I mainly play U.S. stocks, especially Nasdaq's technology stocks, and mainly make medium- and long-term investments."
When they heard that Lu Yiming was involved in the U.S. stock market, many people immediately showed respect to him.
"Boss Lu is really awesome. We are still struggling in the domestic stock market, but you are already on the other side of the ocean."
Gao Yousi took the opportunity to say sarcastically, "Boss Lu is superior to others. It seems that he looks down on this small piece of land in China. Do you have any experience in investing in US stocks? Can you tell us a thing or two?"
