The Birth of Shanghai's First Conglomerate

Chapter 685, Page 674: Summer Vacation Arrives
At the end of May, a sudden and violent rainstorm struck.

There was thunder and lightning in broad daylight, and the sky was overcast.

When it was time for the little girl Chen An'an to go to school, Chen Pingsheng drove her to school in the family's Maybach.

There were quite a few cars on the road, and the road was covered in torrential rain. When passing by pedestrians, the car had to slow down.

Otherwise, they could easily splash water all over others. Sitting in the passenger seat, Chen An'an asked him, "Dad, are we going abroad for summer vacation?"

"Pretty much. I'll go abroad for two months this summer."

"Are we going to stay that long?"

"What, are you worried that your English isn't good enough and that communication will be difficult?"

"No, it's not that. I just don't really like going abroad."

"Just go for fun, and while you're at it, take a look at our Wall Street capital."

Upon arriving at the school gate, Chen An'an walked towards the school, holding a large black umbrella.

The hems of their trousers were rolled up a little, which showed that the rain was quite heavy.

When she arrived at school, the boy from the next class actually confessed his feelings to her.

Without saying a word, Chen An'an threw a punch. He wanted to live off her, but he actually dared to do it.

She knew this boy; he was also a very good basketball player.

During high school, athletes are arguably the most popular.

The reason he pursued her was simply because he had seen Erpiya arrive in a string of luxury cars and call her "sister."

Erpiya always has several luxury cars leading the way wherever she goes. I came here to find her because I wanted to invite her to go out and have fun.

It just so happened that this boy saw it.

To be honest, even ordinary young men like Mu Qiang, a woman.

After knocking him to the ground with a punch, Chen An'an left with a graceful and swift movement.

When she returned to her dorm, two classmates exclaimed in astonishment, "An'an, you're so fierce! With that punch, you're destined to never find a boyfriend in high school!"

"Who wants to find a boyfriend? That's ridiculous."

Chen An'an really didn't have that intention. She was still young, so what would be the point of looking for someone?

They're just a bunch of tiny kids.

As time went by, Chen An'an's tough persona was firmly established.

When June came, the school announced the start of summer vacation.

Erpiya originally wanted to make a big splash and hold a concert for 10,000 people to redeem herself.

As a result, her mother grabbed her by the neck and dragged her onto the private jet.

They had been abroad when they were little, but back then it was just for fun.

It's different now; the main thing is to see the different cultures of each country.

And capital operations.

The most important thing is to understand the capital models of developed countries from the ground up.

There's a saying overseas that if ordinary people can't earn high salaries, then any company will struggle to survive.

Because there is no consumer base.

Similarly, if ordinary people receive high salaries, they will have money to spend, which will also stimulate better development of major enterprises.

While this theory cannot be generalized, it is generally correct.

The main reason why this cannot be done domestically is the large population base, and most importantly, the development period is too short.

Although the industrial chain is complete, it is basically at the low to mid-end.

The profit margins in the low-to-mid-end of the industrial chain are very thin. Once the labor advantage is lost, it will be difficult to even get orders for overseas OEM production.

This presents a difficult choice.

Another crucial reason is the 30-year mortgage.

Those who understand need no explanation, and those who don't understand will find explanations meaningless.

If a family takes on a mortgage, they will most likely have to live frugally for the next few decades.

This is using future money to stimulate today's consumption.

This model in the past greatly accelerated the pace of domestic infrastructure construction and industrial development.

However, similarly, once the real estate market collapses, the drawbacks of this model will become apparent one by one.

As heirs to wealthy families, whether it's Chen An'an, Er Pi Ya, or even the mistress Chen Lu, they all need to develop a global perspective.

This is extremely important.

Let me put it this way: any news that appears on major headlines or in the news media in China is intentionally shown to you.

What we can't see isn't necessarily the truth, but it can truly cultivate a person's global perspective.

For example, the "intelligent driving" technology that's been touted so much in China is also called autonomous driving technology.

The most advanced of these technologies globally is undoubtedly Tesla's FSD.

In the AI ​​sector, Google's AlphaGo defeated the world Go champion 4-1 in 16.

After years of seclusion, the new generation of artificial intelligence has won by a score of 15 to 0.

Furthermore, Nvidia's GPU chip technology, which is manufactured and developed, has led many people worldwide to believe that Nvidia has monopolized the GPU market through its technology.

Yet no one could do anything about it, and its leading technology suffered a severe technological gap.

This is also the main reason why Chen Pingsheng invested heavily in Nvidia.

Boasting is meaningless; we must correctly recognize these outstanding companies in order to truly surpass them one day.

Whether it's Apple, Tesla, Google, or Nvidia, all companies that have achieved a market capitalization of trillions of dollars have their own core technological advantages.

There are only a handful of companies in China that can do this.

One is DJI drones, and the other is Huawei.

Undeniably, while it is possible to do so, there is still a technological gap.

Chen Pingsheng also wanted to help Chen An'an and Erpiya truly understand these things, as his capital fund on Wall Street was also very famous.

It can be said to be the most famous investment fund in China, and this needs no proof from anyone.

His successful investments in Tesla, Google, Microsoft, and Nvidia over the years are a testament to this.

Chen Pingsheng's reputation on Wall Street is even more exaggerated than his reputation in Shanghai.

To describe him as a god of investment in the tech world would be no exaggeration.

In this place, everything is decided by capital.

Of course, the premise is still to respect local laws, and this principle applies everywhere.

He used to work on Wall Street, where he only rented a few floors of office space.

As the business grew larger and larger, they simply bought a 68-story skyscraper to serve as the global headquarters of Ascendas Capital.

Tengying Economic Research Institute also has its headquarters here, as well as a series of its group subsidiaries.

It can be said that his Tengying Group has long since moved beyond the domestic market and has set its sights and investments on the global market.

The main reason he was able to access global information so quickly was because of the global headquarters of Ascendas Capital.

During this period, Erpiya and Chen An'an were not here for fun, but rather for a two-month internship.

They can only have holidays when the company is on holiday; conversely, they have to work when the company is working.

There are many tycoons on Wall Street in China, and they are all very wealthy.

Secondly, there are many people who have settled here for a long time for reasons that are hard to explain.

Tong Zelan has always been on Wall Street, as has Shen Nanpeng.

Let's put it this way: select the ten most famous investment firms in the world.

At least half of them are in this place, without exaggeration. Chen Pingsheng brought his whole family with him this time, and his headquarters office is also on the top floor, because of his extremely high profile.

Tong Zhelan also suggested that he host a lavish banquet and invite the Chinese Americans to attend.

He also announced his arrival to everyone, and frankly, he was absolutely qualified to do so.

Domestically, his reputation is not as good as Teacher Ma's, much less so than Penguin Ma's.

It's different overseas, especially on Wall Street.

His reputation is the highest among Chinese people, and he is also the most mysterious.

In eight years, he personally earned no less than 30 billion US dollars from Tesla.

He became Nvidia's largest individual shareholder, and is also one of the top ten investors in Google and Microsoft.

Based on his status alone, no one can compare to him when it comes to investing.

Not to mention that he also has a super factory here with an investment of 20 billion yuan, as well as countless research institutes.

Tong Zhelan hoped that he would become the president of the local chamber of commerce.

There are many American Chambers of Commerce, including large ones from Shanxi and Zhejiang.

Many people are very united and help each other, after all, they are all outside.

Chen Pingsheng felt it was pointless. He wouldn't stay abroad for long. His purpose in coming here was to cultivate a global perspective in Chen An'an and Erpiya.

To put it bluntly, he brought his daughter here to broaden her horizons, not to settle here permanently.

Accompanying him was a secretariat led by Tang Jing. The secretary was fluent in English and could act as his translator wherever he went.

Erpiya was very free, so he arranged for her to be an intern at the Economic Research Institute.

Erpiya also received 500 million yuan, which she can use to invest in US stocks.

Whether she can make money or not depends entirely on herself.

Chen An'an was assigned to Tang Jing's side. Chen Pingsheng did not give her any money, but instead gave her all of Tengchao Commercial Management's annual rent.

It's roughly 3.8 billion, and she can also freely dispose of this money.

The goal is still to invest in US stocks, but whether it will be profitable is unknown.

It's like watching the World Cup; if you don't spend money to participate, there's no excitement at all.

If you put money in, you'll definitely join in the cheering.

Even if they went to Wall Street, they would still be considered top-tier wealthy families.

You should know that he has hired no fewer than a hundred lawyers in this headquarters building, and they are the top-tier ones.

In addition, there are advisors, many of whom are retired senior executives.

These people can completely help him solve any trouble he has in the United States.

Chen Pingsheng came here with no intention of holding a party or giving any speeches. He was simply here to raise his children. Anyone who wants to see him has to make an appointment several days in advance.

Days passed by.

They came to Wall Street quietly, and almost half a month has passed in the blink of an eye.

Chen An'an keeps a close eye on the US stock market every day; this is the biggest gamble she's ever made.

It wasn't anything small before, but it was never like this, where she could be given over 3 billion to play with.

Although she couldn't get specific investment information from Tang Jing and the others, she could learn about global industry development information from here.

This includes new policies introduced by some countries, the impact of these policies, and potential future developments.

These are things that top investment groups need to know in a timely manner.

Chen Pingsheng spends billions of yuan annually to maintain the Tengying Global Economic Research Institute, which is specifically dedicated to this purpose.

What Chen An'an needs to do is to filter out the useful and valuable information from this information.

Like her, Erpiya is not only talented in learning, but also extremely sensitive to numbers. She has her own way of judging and selecting information.

Five hundred million is nothing on Wall Street.

Those large companies are worth tens of billions of US dollars, so throwing in 500 million won't make much of a splash.

In addition to investing in US stocks, she can also invest in various developing countries.

It all depends on her own choice.

Tang Jing came over to report to him, "Boss, An An has selected two low-priced stocks and invested 60 million US dollars in each. She's planning to buy at the bottom."

"Buying at the bottom is easier said than done; most people only buy halfway down the mountain."

Tang Jing said, "They are still young. It will probably take them a long time to correctly distinguish between the bottom of the valley and the middle of the mountain."

"Yes, it will definitely take some time."

Chen Pingsheng said, "No matter how many advanced theories you learn about the stock market, the core judgment in the end is nothing more than looking at a company's future growth expectations. If the expectations are significantly lower than the current stock price, that's called investment; if they are higher than the current stock price, then it's speculation."

"Boss, why don't you teach them these things yourself? If you were willing to teach them, they would definitely learn very quickly."

"It's not as easy as you think. What others say are theories derived from their own practice. Only by trying things out for themselves can they continuously summarize their experiences and find the investment path that best suits them."

It can be said that he has put a lot of effort into teaching his daughter, and he arranges special activities every summer vacation.

For the past two years, we've been letting them handle the company's investment projects themselves; now, we're teaching them how to make sound judgments about stock market investments.

Also known as the game of capital.

Ordinary people earn money through physical labor, while the middle class earns money through knowledge.

Their approach falls entirely into the category of capital operation.

It's hard to say what the future holds, but the direction of training is undoubtedly correct.

Erpiya wasn't used to it at first, but she quickly found the game quite fun.

Five hundred million goes in, and six hundred million might come out the next day.

It's possible that only 400 million or 300 million will be left.

Whether she has a lot of money or a little, everything depends on her own judgment to see if she can buy the stocks that are going up.

It's just like gambling; it naturally has a great sense of excitement.

Erpiya quickly became addicted to the game and even brought over half of the staff from Dadada Company.

Help her analyze and discover.

As you play, the price keeps rising at first.

After that, things went downhill and kept falling.

Chen An'an is different; she has a lot of money and loves to buy stocks at rock-bottom prices.

These stocks are generally in a downward trend, and sometimes for a very long time.

After she went in, some stocks rose, while others continued to fall.

What she thought was the bottom of the valley was actually still halfway up the mountain.

The two sisters became obsessed with stock trading, and for a time they were unable to extricate themselves. Many people who are just starting out in this field are actually in the same boat.

They enjoy the thrill of it, but perhaps they'll only truly become indifferent once they get used to it.

The amount of information in the research institute is enormous every day.

After continuous summarization and analysis, the final result will be presented to them.

These pieces of information may seem unrelated to the stock market, but they are all related in some way.

They need to make their own judgment.

It's clear that Chen Pingsheng was training their judgment skills.

Wall Street is a topic that no wealthy family can avoid.

The world's super-rich people are more or less connected to this place.

(End of this chapter)