The Birth of Shanghai's First Conglomerate

Hong Kong remains as prosperous as ever.

It is also one of the cities with the highest housing prices in the world.

Over the years, my father has carried out land reclamation and island building here twice, with an investment of nearly one trillion yuan.

It greatly improved the basic living conditions of ordinary people in Hong Kong.

This will further lower housing prices to a more acceptable level.

The reason is simple: Hong Kong used to be small, with few houses but a large population.

This has led to a shortage of housing and persistently high prices.

Now, due to land reclamation projects, there are hundreds of thousands more houses available, and prices will naturally decline due to the high inventory.

This is for the same reason as the sluggish real estate market back then, from 2021 to 2028.

The mainland real estate market has been in a slump for a long time. Unless it's for the essential need of getting married, almost no young people will choose to buy a house.

The main reason for this is that the existing market is too large.

The supply and demand balance was completely disrupted, and the situation was eventually alleviated thanks to the extensive intervention of local governments.

Provide a safety net for existing assets.

To put it more clearly, local governments used local bank funds to buy back large quantities of existing houses on the market, including foreclosed properties.

Then convert them into low-rent housing, public rental housing, etc.

After receiving this money, real estate developers still have to use it to repay bank loans, which means the money returns to the local financial system.

If not, then based solely on the 600 million existing properties in the country at that time...

The city has 3.2 million to 3.8 million residential units.

Without local government support, countless middle-class people could fall back into poverty overnight.

It should be noted that at least 70% of the middle class in China have tied their family assets to housing.

If housing prices plummet without limit, countless people will be back to square one.

Decades of work wasted.

Real estate is actually a form of financial instrument, and insurance and healthcare are also part of the financial industry.

Chen Xinyi has established many insurance companies around the world, ostensibly to sell safety and risk mitigation capabilities to the middle class, including ordinary people.

In reality, it's a frenzy of capital grabbing; the profits in this industry are beyond imagination.

Most true masters of capital start their careers in the financial industry.

Her father also owns another business, which is now the family's cash cow.

That's the floating Las Vegas, which cost a whopping 200 billion to operate. It's a paradise for the world's rich, a place of true extravagance and debauchery.

On that platform, spending a million overnight is considered small change.

I don't know how many rich kids have lost their entire fortune in just a few days on that platform.

And how many business owners, after being put in power, actually mortgaged their own companies?

The floating Las Vegas, located on the high seas, is a property of the Seven Elders.

Their family just accounts for the largest share.

If it weren't for a sufficient global network, an industry like this could be destroyed by other countries in no time.

Or you can buy it for free.

Chen Xinyi's financial business largely relies on the government connections her father established in his early years.

Without this connection, how could she have established dozens or even hundreds of medical insurance financial institutions around the world?

Now her older sister wants her to go through the election to become the next vice president of the Economic Research Institute of Taiwan.

The quickest solution Chen Xinyi could think of was to merge her insurance business with another company.

To put it simply, it's a process of merging from left to right.

These companies are located in various countries around the world, and their shareholder relationships are very complex.

As the saying goes, even a powerful dragon can't suppress a local snake. Any high-income insurance institution will inevitably have influential figures in the local government holding shares. She is no exception. Now that she wants to merge, in addition to ensuring the absolute income of these people with powerful local connections,

We need to further increase their income; otherwise, why would anyone do this for us?

Chen Xinyi has no shortage of money; what she wants now is to create a super financial listed company that can rank among the top ten in the world.

Su Xiaoxi was the first to know about her actions, and not only she knew, but many in the capital market also received the news.

Over the past twenty years, Chen Xinyi has invested in countless companies, and now it's a process of selling, merging, and expanding in all directions.

This statement was first made by "Belt Guy," and if you apply it to the financial market, it makes perfect sense.

It's even quite domineering.

But applying it to car manufacturing or the technology sector is pure nonsense.

Cars remain an important means of transportation that is crucial to the safety of a family. Relying solely on financial means would be an absolute disregard for the lives of outsiders, including customers.

Of all the car manufacturers in the world, he is definitely the first to so directly define financial means as a development strategy for the automotive industry.

When Chen Pingsheng was building cars, he always regarded customer reputation and safety as the lifeline of the company.

Decades of perseverance have led to the rapid development of new energy today.

Real estate can be leveraged with financial leverage, but automobiles clearly cannot.

Chen Xinyi doesn't have much of a user-centric mindset; her forte is capital maneuvering and finance.

At its simplest point, ordinary people cannot afford to suffer from serious illnesses.

Package and promote a good health insurance plan to them.

Ordinary people have a very low ability to withstand risks, and car insurance and similar products take advantage of this mentality.

Every year, so much insurance money is purchased, but very little of it is actually used.

That includes profit.

They earn money from funds that don't involve any risks.

Chen Xinyi has obvious strengths, but equally obvious weaknesses; she was born too high up.

She thinks it's perfectly normal for an ordinary pair of shoes to sell for hundreds of thousands of yuan.

This explains why she started multiple businesses during junior high and high school, and each time she quickly became a nationwide sensation.

The main reason is that each time they disappear without a trace within two years.

She's good at grabbing attention and generating buzz, but she completely lacks a user experience.

The items they sell are all extremely expensive, full of hype, and then quickly disappear from the market.

From the beginning of university, she directly played to her strengths and avoided her weaknesses; if she couldn't do something well, she simply wouldn't do it.

Upon graduation, she took the hundreds of billions her father had given her, including commercial real estate worth hundreds of billions, and came to Hong Kong to work in the financial institutions she was familiar with and good at.

Over the past twenty years, she has become a true global financial queen.

She's still the youngest one.

Chen Xinyi's life has remained unchanged over the years, and she is the one in the family who knows how to enjoy life the most.

Seven years ago, she spent $16 billion to build herself a super mobile castle at sea.

It has five floors and is equipped with the world's top chefs and private butlers.

Chen Xinyi loves living by the sea and enjoying the vast and magnificent ocean.

Every day, she goes to work in the Sky One, a car that was custom-made and manufactured for her by Tengfei Group.

The cost of this small private jet alone is as high as US$1.7 million.

It boasts the world's fastest speed and highest safety rating.

She drives this to work every day, and she also drives it back to her mobile castle at sea after get off work.

With her life like this, Chen Xinyi felt that if she didn't live to be 150, she would be wasting such a good chance of being born into this world.

(End of this chapter)