The Birth of Shanghai's First Conglomerate

2020 years.

The entire new energy market is still mainly operating at a loss.

Some car companies are losing money because of poor sales and high costs.

Some car companies are losing money, but that's just losing money to investors while the management is still making a fortune.

They received all sorts of kickbacks.

After returning the money to Song Yanxi, Chang Fu decided he was no longer planning to continue working in the field of traditional Chinese medicine and health preservation.

Given his current situation, he's likely to lose all the money he invested in the early stages.

I won't invest any more money.

Finding a good opportunity is one thing, but whether you can succeed in it is another entirely.

After Chen Pingsheng returned home, his wife also came back, bringing friends with her.

This woman came from a very high social standing, and Chen Pingsheng knew her.

She's an only child, doesn't like business or the system, but prefers to play niche music.

"Honey, Jiayi's here, come and sit down with us!"

Xu Jiayi's background is so obscure that even news reports can't find information about her parents.

Not to mention the older generation, they were people who could ride horses even after crossing grasslands.

"Why did you two come back together today?"

"Jiayi wanted to hold a small concert in Shanghai, so she came to my place."

Song Yanxi now knows many second and third-generation rich kids, some in government and some in business, who have reached her level.

The social circle may seem wide, but when you actually calculate it, it's actually quite small.

The only way to describe them is as either extremely wealthy or of high social standing.

Xu Jiayi smiled and said, "I hope my intrusion has disturbed you. My grandfather specifically asked me to visit you during my trip to Shanghai."

"Your grandfather said he's coming?"

Chen Pingsheng didn't think she was lying, but asked out of curiosity, "Did your grandfather tell you anything?"

"What could he possibly tell me? He just wants me to visit your family. You're such a busy person these days, I only get to see you twice a year when I go to the capital."

"Don't you travel all year round? Why don't you just come here directly when you come to Shanghai?"

Chen Pingsheng still didn't get too involved in the women's conversations.

After he left, Xu Jiayi told Song Yanxi a lot of secrets.

These are all things that would never appear in the news, things that can only be discussed privately.

It's something that's only known within our small circle.

Overall, the situation this year is definitely not good, and there is even a strong trend of it continuing to decline.

The authorities seem quite anxious, with one supportive policy after another being introduced for the real estate sector.

Previously, the concern was that housing prices would rise too quickly; now, the concern is that housing prices will fall too quickly.

Whether prices rise or fall, the most important thing is to stabilize.

This thing is a weathervane, and there's another important thing: Xu's belt is now restricted.

The information hasn't been made public yet. If he can deliver the property on time, that would be better.

If he can't complete it, he'll probably be restricted from traveling.

The reason this bomb has not yet been detonated is mainly because it involves too many people.

This will also raise serious questions from the public about the real estate industry.

Regardless, it's a fact that he's being closely monitored.

Although Chen Pingsheng didn't deliberately try to find out, relevant information still reached him through various channels.

These things can't be hidden, and they won't be hidden from these people either.

After Xu Jiayi left, Song Yanxi returned to her room and told him that many people in the village had bought large houses. Now, she feared he would have to sacrifice half a lifetime of hard work.

"Honey, where do you think housing prices will ultimately go?"

"Where else can it go? Apart from those with genuine needs, who else would buy this stuff? Those who speculated on housing in the past might still have some wishful thinking, waiting for the government to bail out the market, but facts have proven that they were just overthinking it."

"You mean the government won't get involved in this?"

"We will definitely intervene, but it won't make much difference. The biggest problem now is that no one is buying. Once there are no buyers, this product will be expensive but unsellable, and no amount of policy changes will make a difference."

Well... luckily, they sold all their houses in advance, so whether the price of steel and cement goes up or down in the future won't have much of an impact.

The difficulty lies in the fact that if houses become difficult to sell, all industries will suffer.

The next day, Song Yanxi even went to attend a small concert held by Xu Jiayi in Shanghai.

She is not very famous on the internet; in fact, she is quite unknown. Most fans would not know about her family background.

Compared to that actress who constantly mentions her grandfather, she's truly low-key.

There's no way they can't keep a low profile. Just like Chen An'an's involvement in short videos, her family won't let her become famous.

The second daughter is never allowed to show her face; there are rules for all of these things.

After Xu Jiayi's concert was over, she privately invited Song Yanxi and the others to a get-together.

They're all top-tier wealthy women from Shanghai; when they get together, they definitely won't talk about luxury goods.

That's something only socialite training classes do. When these people get together, they usually talk about national policies or the global economy.

For example, one of the wealthy women sold off most of her houses in 19 and is now keen on global gold trading.

There's the issue of hoarding gold bars, and another factor is the declining domestic real estate market.

She took the family's money and went to Vietnam to speculate on land and buildings, attempting to replicate the miracle of the domestic real estate market.

It's often said that people with very little money are the ones who talk about patriotism online the most.

Those who are truly wealthy would have already moved their money overseas for investment if things went wrong.

Many of them even moved their household registration overseas.

In the early years, they were among the earliest beneficiaries of the real estate market; now, they are among the fastest to exit.

Although they are easily criticized online, in real society, everyone looks down on them.

Song Yanxi only came to participate out of respect for Xu Jiayi, and she was the first to leave when the time came.

Their super villa in Jinshan is really comfortable, especially in the summer, the evening breeze is so pleasant.

Seeing that Erpiya returned quite late, she said a few words to the little girl, and Erpiya didn't dare to talk back.

When her mother scolded her, she would obediently accept it.

As soon as her mother left, she wiggled her fat chicken butt. What had her mother just said?
I don't seem to remember.

That's how Er Yatou is; she suffers from severe selective amnesia.

As for Chen Lu, the mistress, he's now inviting Su Xiaoxi to his home to play all over the place.

He stopped crying and making a fuss, and he did whatever the little girl asked him to do.

At such a young age, he's definitely a simp.

Fortunately, they are still young, so it doesn't matter. But what if they are still like this when they grow up?

That would drive Song Yanxi crazy.

The little guy is having a blast.

His mother, however, had the idea of ​​separating him from Su Xiaoxi, at least so they wouldn't be in the same class.

If someone like Chen Lu were born into a family where he grows up to be a naive and innocent girl who needs everyone else to clean up his messes, then he'd be a perfect example.

Michelle Song would definitely not agree.

There's no other reason than that a carefully nurtured son would not allow him to go looking for that kind of naive and innocent girl who needs others to solve everything for her.

(End of this chapter)