The Birth of Shanghai's First Conglomerate

Chapter 122 Learn to learn
The first day of the Executive MBA program began like this.

When classes officially started in the afternoon, the teacher was an elderly professor in the field of economics.

They are not the kind of experts who are heavily criticized online, but rather a group of people who can participate in the research and formulation of economic policies.

That's really impressive; he also holds senior positions in multiple organizations.

He's in his late fifties or early sixties, his hair is half gray, but he's still very energetic.

Those who can come out and teach people like them must have some real skills.

The first day's lesson focused primarily on the analysis of the domestic economic situation.

In fact, those with money in China know that this place is very special; it is not a simple market economy.

Instead, it guides the economy through positive policies.

These are fundamentally very different.

To put it simply, policy comes first, then the economy. So when discussing the international situation, the main focus is on analyzing and explaining the changes in policy over the past few decades.

From the earliest reform and opening up to the reform of state-owned enterprises.

Each stage has seen historic major reforms, such as the state-owned enterprise reforms in the 1980s.

Then came his Southern Tour speeches in the 1990s.

And the 1998 real estate reform, which still has a significant impact today.

For the first time, bank loans were allowed to be used to buy houses, and then the welfare housing allocation system was abolished.

The real estate industry has been officially designated as a pillar industry in China.

That year, the real estate sector, like a ferocious tiger, began to drive economic growth at an alarming rate.

This will rapidly drive local development and stimulate the rapid development of a series of major industries in China, such as infrastructure, steel, and home appliances.

It's fair to say that in terms of economic contribution, all the internet groups combined don't even amount to one-tenth of the real estate sector.

When discussing the economic situation, it's almost inevitable to talk about real estate.

However, when it comes to the current housing prices, the old professor himself has many concerns.

To put it bluntly, it's because housing prices have risen too fast.

Besides real estate, the hottest thing right now is undoubtedly the internet.

The internet has indeed been rapidly changing people's consumption habits in recent years. Whether traditional enterprises should embrace it or not in the internet age is a topic for later discussion.

In short, these kinds of courses won't waste your time with unnecessary chatter.

There is no absolute right or wrong; you have to judge for yourself.

Chen Pingsheng thought it was very good, at least it gave him a more comprehensive understanding of this era.

As many people have said.

This is an era of entrepreneurship for all, and also an era of innovation for all.

No one knows when someone will suddenly appear and change the consumption habits of the entire nation.

In short, embracing change and keeping up with change are essential lessons for these CEOs.

The professor gave two lectures in the afternoon and also left fifteen minutes for questions.

Liu Hai was the first to stand up and ask about the future development of housing prices.

He himself works in real estate, and even a fool understands the principle that the higher the housing prices, the easier it is to sell.

However, everyone knows that housing prices are already high, exceeding what ordinary people can reasonably accept.

Although various data suggest that housing prices may rise sharply in the next few years.

But it's always good to ask.

The professor didn't answer directly, and this question can't be answered directly either.

He only mentioned one urbanization statistic.

This data suggests that a large number of people will still need to buy houses in cities in the future, which means there will still be a huge demand for housing.

Housing prices won't necessarily rise, but they certainly won't fall.

He Bijun, a pig farmer, had no idea what to ask and could only sit there like Chen Pingsheng, listening to people ask questions.

As for Tong Zhelan from the international investment bank, she asked a question that was even more sensitive than housing prices.

International situation.

The professor's answer was not optimistic, but there was no need to be pessimistic either.

If the international situation undergoes major changes, trade will be the most affected.

This will directly lead to international investment banks reducing their investment in this area.

To put it bluntly, Tong Zhelan values ​​the international situation even more than the racetrack.

In other words, it's about global industrialization. How should I put it? It's like most people can only see the domestic market, but they can see the global market.

Take the global dot-com bubble of 00 as an example; at that time, China was just beginning to develop its internet industry.

People in China don't dare to invest in it at all, and nobody believes in this stuff.

why?
That's because there are no successful precedents in China.

The situation is different abroad, where there are already many successful examples.

This is also the main reason why Masayoshi Son dared to invest in Alibaba at that time; to put it bluntly, it was a global perspective.

We can use the commercial development of advanced regions to predict the future commercial trends of developing regions.

Tong Zhelan's question was closely related to her own investment direction.

Having the right mindset is very important for investors.

In short, no matter who you are, you can't earn money beyond your own understanding.

Take Chen Pingsheng himself, for example. He doesn't understand the internet, so he doesn't try to make money from it at all.

This is beyond cognition.

Of course, if the opportunity arises in the future, he could still make an investment.

Chen Pingsheng was very satisfied with his fruitful day.

After finishing a day of classes, Wang Yanfeng took Liu Hai and the others to his Feiying Entertainment.

Chen Pingsheng drove home to review his studies and digest the material properly that evening.

He definitely can't do the internet thing on his own.

If the right person is available, he would still like to invest in one or two reliable projects to give it a try.

What if it succeeds?

Of course, that would be the best outcome; he wouldn't be too upset if he failed.

After arriving home, Chen An'an even practiced the mantis boxing routine she had just learned in her backyard.

When did she become so diligent?

Without disturbing her, Chen Pingsheng went upstairs and settled down to check some data.

You also need to make a clear plan for your future career.

The Boiling Sheep game is still progressing normally, so there's no need to worry about it for now.

Five full-category fresh food supermarkets will soon be opening at Tengsheng Fruits.

This is the key area he needs to focus on at this stage.

As for Shuiyunjian, its core lies in that grand night at the end of the year.

After making a fortune, we'll officially enter the hypermarket market next year.

As for Tengying, it won't lose money no matter what it does.

After filming "The Legend of Hua Qian Gu" wraps up, the biggest task this year is to bring in a major investment bank.

To advance Tencent's IPO plans.

With this plan, the goal is very clear.

I should try to get closer to that woman Tong Zhelan tomorrow; if all else fails, I'm willing to sacrifice a little of my charm.

This was obviously a joke, mainly because of his ordinary appearance.

Even with that kind of woman's standards, she wouldn't be interested.

If Boiling Sheep and Tencent can get her money in the first step, then the future listing plan will be much more secure.

He stroked his chin, wondering how to win over this woman.

She wanted shares in Shuiyunjian, but that was absolutely impossible to give her.

Forget it, let’s take it one step at a time.

That evening, when Song Yanxi returned.

Chen Pingsheng was also thinking of enrolling her in a CEO training program.

Learning this is indeed very beneficial.

It can greatly broaden one's horizons.

Song Yanxi laughed at him, "You pushed me to class as soon as I came back from the first day of learning. You should at least have studied for a couple more days."

"Alright, I'll give you a summary of what I've learned after I finish the lessons for tomorrow and the day after."

(End of this chapter)