As a father, of course, he didn't want his daughter to fall for a divorced man, especially one who already had a daughter.
Even though this man was indeed excellent, wasn't his own daughter just as outstanding?
His Chen Corporation had assets of over a hundred billion. As the heiress of the family business, what kind of man couldn't she find? There were men his daughter was too good for, but no man she couldn't have.
But his daughter had to fall head over heels for such a man, so much so that she seemed willing to throw herself at him. What could he even do?
What frustrated him even more was that this Yi Anguo actually seemed somewhat distant toward his daughter. He wasn't at all eager to win her over, let alone marry her.
Did this mean his daughter would actually have to force a marriage?
And he hadn't even brought up the subject of Yi Anguo marrying into the family! If he proposed that, and that their future children take the Chen surname, wouldn't it become even more difficult?
By late June, Yi Anguo had already instructed his traders to accelerate the sell-off of National Liquor shares to prepare for buying into several monster stocks that had soared by dozens of times.
He began establishing positions at the lowest points of these bull stocks. These included G Ship International, China Shipbuilding, Shandong Gold, G-Gold Securities, Yunnan Copper Industry, Z Trust Securities, and others, spanning from June or July 2005 to September 2007, with some lasting until the end of 2007 or the beginning of 2008.
All these bull stocks had one prominent characteristic: their prices were extremely low, but their growth started at over thirty-fold, with the highest reaching fifty-eight-fold.
Take G Ship International, for instance. From its lowest price of 2.21 yuan on June 29, 2005, it rose to 102.89 yuan on October 15, 2007. After a 10-for-2.7 stock dividend during the 2006 share reform, the price-adjusted value was 130.67 yuan. This represented a fifty-eight-fold increase in just over two years and three and a half months.
Then there was China Shipbuilding. Its maximum increase was fifty-fold, climbing from 7.75 yuan on June 2, 2005, to 300 yuan on October 11, 2007. A 10-for-3.2 stock dividend during that period brought the adjusted value to 396 yuan. Moreover, after hitting 300 yuan, the stock quickly dropped to just over 200 yuan before swiftly climbing back to nearly 300 yuan, creating an additional wave of profit opportunity.
There was also G-Gold Securities, which saw a maximum increase of 47.92 times, going from 3.25 yuan on July 22, 2005, to 159 yuan on August 7, 2007.
Shandong Gold had a maximum growth of forty-three-fold, rising from 6.77 yuan on July 7, 2005, to 239 yuan on January 9, 2008. Following a 10-for-2.5 stock dividend from the March 2006 share reform, the adjusted price was 298.75 yuan.
Yunnan Copper Industry surged thirty-nine-fold, from 3.18 yuan on July 4, 2005, to 98.02 yuan on October 8, 2007. After a 10-for-3 stock dividend from the March 2006 share reform, the adjusted price was 127.43 yuan.
And, of course, there were countless other stocks that grew ten or twenty-fold, which went without saying.
From 2005 to 2007, not only did the stock market explode into a massive bull market, but housing prices also boomed.
In Shenzhen City's central districts within the Special Economic Zone, housing prices began to soar first. In the areas outside the zone, the rise was less significant from 2005 to 2006. The real price explosion outside the zone began in early 2007. Between the start of 2007 and October, prices skyrocketed from just over 6,000 yuan to over 18,000 yuan per square meter.
After the 2008 financial crisis erupted, housing prices in Shenzhen's central districts didn't actually drop significantly. One could say they remained relatively stable, and some areas even saw prices increase.
However, the housing prices outside the zone were hit hard by the financial crisis. For instance, properties in Meilong Town plummeted from a peak opening price of 18,000 yuan in 2007 to just five or six thousand yuan in 2008. They were more than just cut in half!
And it was the luxury residences in upscale communities with large apartments inside the zone that had led the initial price surge.
Driven by the continuously soaring housing market, prices in Blue Coast Phase Three were climbing steadily. By June 2005, the average transaction price for resale homes in the development had already climbed to over 12,000 yuan per square meter. Moreover, there was high demand but no supply; many people wanted to buy, but none were available.
It couldn't be helped, as 570 of the large-unit homes were all in Yi Anguo's hands.
At this rate, by the time housing prices peaked in 2007, the price per square meter in Blue Coast Phase Three would rise to at least twenty-something thousand yuan, possibly even approaching 30,000 yuan.
The environment at Blue Coast Phase Three was exceptionally good. The beautifully landscaped gardens were private and not connected to the gardens of Phases One, Two, or Four. Coupled with the now excellent property management, it had attracted significant attention. Many people yearned to own a large apartment in Blue Coast Phase Three and move in.
The apartments in Blue Coast Phase Two were also quite good, but one had to admit they were somewhat lacking compared to the units, gardens, and other green spaces of Phase Three. Still, the average transaction price for resale homes wasn't much lower. Many who couldn't secure a large apartment in Phase Three had to settle for the next best thing. After all, Phase Two also had plenty of large apartments with four or five bedrooms and two living rooms. Even the three-bedroom, two-living-room units were over 110 square meters, which was by no means small.
Even so, units in Blue Coast Phase Two were scarce. They were still highly sought after, and owners rarely put them up for sale.
After Yi Anguo sold his National Liquor shares, the total assets in his account once again exceeded 400 million yuan. This seemed like a substantial amount of capital, enough to cause price fluctuations if he invested it all in a single stock.
But this time, Yi Anguo adopted a scattered approach, buying roughly ten million shares of any single stock at most. Ten million shares cost only about twenty to thirty million yuan, or perhaps sixty to seventy million for a pricier stock. But two years later, when those stock prices had skyrocketed dozens of times, those ten million shares would be extremely valuable.
For example, buying ten million shares of G Ship International cost just over 22 million yuan. Two years later, that 22 million yuan would have turned into over 1.3 billion yuan.
He would allocate twenty to thirty million yuan for ten million shares of one stock, another twenty to thirty million for the next, sixty to seventy million for ten million shares of a pricier one, and so on. Even though 400 million yuan seemed like a lot, it wouldn't last long if spent so widely.
The key was that from July 2005 to October 2007, there were simply too many stocks worth investing in during that two-year period. Yi Anguo felt the urge to buy every stock he saw, knowing that any purchase would be profitable.
Although not every stock would rise by 58, 40, or 30 times, there were far too many that could increase tenfold or more. Stocks like S Development, S Technology, S-Vanke, as well as various banking, securities, insurance, real estate, and home appliance stocks—if you bought them then, you were guaranteed to make money. It was practically impossible not to. Even if you bought randomly with your eyes closed, it was genuinely hard to lose money by entering the market at that time.
A doubling or tripling of housing prices was hardly worth mentioning compared to stocks that had risen by dozens of times.
Yi Anguo knew the Chen Corporation was wealthy and had a significant amount of capital, but he didn't want to get entangled with them.
Although the fresh food supermarkets were profitable, all the earnings were reinvested into expansion. The Anjing convenience stores were also in a growth phase. As for the property management company, he couldn't count on it for funds; it was already an achievement that it was self-sufficient.
There was some money in the futures account, but moving overseas funds back and forth was a hassle.
The rental income seemed substantial each month, but it wasn't enough to cover expenses. The monthly bank repayments had increased significantly. Furthermore, this bull market cycle was set to last for over two years.
His real estate agency, on the other hand, was consistently profitable, having expanded to five chain stores: one for each of the four Blue Coast phases, plus one in the Fashion Garden community at Qianhai. But even though the real estate business was making money, that amount was just a drop in the bucket and didn't make much of a difference.
Therefore, he still needed to find another solution for his lack of funds.
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