While refueling, Song Yi considered whether to sell his Mercedes Benz and recover a small amount of funds, because he would need a large amount of funds after the New Year.
In February 2001, the China Securities Regulatory Commission announced that domestic residents could invest in the B-share market. From February 19 to May 31, the B-share market rose by 189%. The so-called B-shares are RMB special stocks, with the par value of the stocks expressed in RMB, subscribed and traded in foreign currencies. Foreign stocks listed in the mainland and B-share listed companies are all registered in China. The overall scale of B-shares is very small, and the number of stocks is also small, so from October 2000, the mainland once suspended the issuance of B-shares.
The reason why the CSRC established B shares is that it values the international financing function of B shares. For example, when multinational companies in the mainland are listed on the B shares, foreign investors can buy and sell stocks through the B share market. As high-quality companies in the mainland are listed on the Hong Kong and US stock markets, the B share market has basically become a mere formality and has not attracted the attention of investors.
The reason why the B-share market saw a wave of rising prices in 2001 was that foreign capital took advantage of a policy loophole. In February, the China Securities Regulatory Commission issued a notice allowing mainland residents to use foreign exchange to purchase B-share listed foreign shares.
In late February, the CSRC issued another notice stipulating that new funds from mainland investors would not be allowed to enter the market until early June 2001.
What does this mean? In February, you were notified that you could use foreign exchange to buy and sell B-shares, but mainland residents could only buy or sell stocks from June. This led to foreign funds frantically buying B-shares since February, artificially driving up the price of B-shares.
By the time mainland investors started buying stocks, these foreign investors had already cashed out at high prices. Song Yi had real estate in Seoul and a stable job. New Korea Media would pay him a salary every month. Song Yi could just use Korean won to buy B shares in advance and then sell them for profit.
Song Yi plans to mortgage his shares in Shinhan Media, his apartment in Ziyang-dong, and the Mercedes he is currently driving to Hana Bank. He can raise up to 1 billion won in funds. If everything goes well, by June 2001, Song Yi will have about 10 million won in liquid funds.
Once Song Yi has 10 million yuan in funds, he will find Actoz Soft, the developer of the online game "Legend", and obtain the exclusive agency rights for "Legend" in the mainland market.
Before his rebirth, Song Yi played "Legend" in an Internet cafe. He still remembers the popularity of this online game. At that time, an item in the game, the Dragon Slaying Sword, was sold at a high price of 80,000 RMB, which left a deep impression on him.
Chen Tianqiao of Shanda Network brought the company back to life by acting as the agent for the game "Legend". After the public beta of "Legend" was launched, it brought Chen Tianqiao at least one million RMB in revenue every day. After Shanda Network went public on the US stock market, Chen Tianqiao's net worth directly exceeded 1 billion US dollars, making him the richest man in mainland China.
With Chen Tianqiao as a ready-made example, Song Yi naturally would not give up the opportunity to get rich overnight. He wanted to replicate Chen Tianqiao's success. This was the first pot of gold that Song Yi was able to make in 2001.
After Song Yi becomes the youngest billionaire through the game "Legend", he will consider acquiring Chen Tianqiao's Shanda Network. All industries in South Korea are controlled by major conglomerates, and the Internet industry is the last and best opportunity left for Song Yi.
Song Yi plans to take two steps. The first step is to become a Korean Internet giant, and the target is the local Korean Internet giants Naver and Kakao. In the second step, Song Yi plans to establish a venture capital fund to invest in mainland Internet companies, such as Penguin, Ali, JD.com, Meituan, etc., and the target is Sequoia Capital.
"Sir, your gas has been filled. How do you want to pay? Credit card or cash?" the gas station employee reminded Song Yi.
Song Yi took out cash from his wallet, left the gas station and headed for the Gwanak Campus of Seoul National University. Kim Tae Hee only had two classes in the afternoon, so the two of them could go shopping first, then have dinner together and watch a movie. When Song Yi was in the mainland, he would keep in touch with Kim Tae Hee every day through text messages or phone calls.
As usual, Song Yi was waiting for Jin Taixi at the school gate. After a while, Jin Taixi saw Song Yi's car, smiled, and greeted Song Yi from a distance.
Today, Kim Tae-hee wore a red cashmere cardigan with a white round-neck sweater underneath, black thermal pants, and flat peach-colored loafers. She looked gentle and cute, exuding the vitality and youthfulness of a college girl.
Kim Tae Hee opened the car door and sat in the passenger seat naturally. Song Yi helped her fasten her seat belt and said in a friendly tone, "Long time no see, Tae Hee."
"Long time no see, Song Yi OPPA." Kim Tae-hee looked gentle.
Song Yi found the pair of monkeys made of small-leaf red sandalwood and handed them to Jin Tae-hee, "This is a gift I brought to you from China. This is a pair of monkeys carved by craftsmen from Huizhou using small-leaf red sandalwood."
Kim Tae Hee joked with Song Yi, "Song Yi OPPA, are these two monkeys a pair? One is a male monkey, who is more naughty and active, and the other is a female monkey, who is more quiet."
Song Yi answered while driving, "I don't know about that. One of the monkeys imitates an iconic scenic spot in Huangshan, called Monkey Watching the Sea. There is a stone monkey on a peak in Huangshan, looking at the sea of clouds in front, so it is called Monkey Watching the Sea."
Upon hearing this, Kim Tae Hee quickly became interested, "Wow! Are there such interesting attractions in Huangshan? You told me that Huangshan has strange rocks, strange pines and sea of clouds. I am still learning Chinese now. When I speak fluent Chinese and school is on vacation, I will go to Huangshan for a trip."
Song Yi agreed quickly, "No problem, I'll be your tour guide once you've set a time. I'm very familiar with the Huangshan Scenic Area now, so I can help us book a hotel in advance."
When Jin Tae-hee heard this, she blushed instantly, "I can do it by myself, and why do I have to book a hotel in advance?"
Song Yi knew that Jin Taixi had misunderstood, and emphasized, "I said to help us book a hotel, one room each. The hotel accommodation at the top of Huangshan Scenic Area is quite tight, so you need to book in advance. If you want to watch the sunrise at the top of the mountain, staying at the hotel at the top of the mountain is the best choice."
In the past, when Kim Tae-hee had school holidays, she would travel with her parents to RB or Hawaii. She had been to China once when she was very young, but she had forgotten it.
Kim Tae Hee's face turned red. She tried to remain calm and quickly changed the subject, "Song Yi OPPA, it must be nice to film an advertisement with a beauty like Song Hye Kyo, right?"
Song Yi smiled secretly and did not expose Kim Tae Hee. "Fortunately, Ms. Song Hye Kyo is quite dedicated at work and it is pleasant to work with her."
When Kim Tae Hee heard this, she said sourly, "Really? When Song Hye Kyo was interviewed in Korea, she praised Song Yioppa highly, saying that you are a very good person and a top advertising producer in Seoul."
Song Yi smiled, "Classmate Kim Tae Hee, this kind of commercial flattery doesn't count. She is still counting on us Shinhan to continue to use her for commercials. She will definitely not say bad things about me to offend me."
Kim Tae Hee felt that what Song Yi said was right, and blinked her bright eyes, saying in an expectant tone, "I really want to see the Samdasoo commercial produced by Song Yi OPPA this time, and compare the differences between the Samdasoo commercials that she and I starred in at the same time."
Song Yi shook his head. "That's probably a little difficult. The commercial starring Song Hye Kyo will only be shown in China. It won't be shown in the Korean market unless you can find the original video of the commercial online."
Kim Tae Hee was stunned. "Ah, really? Song Hye Kyo also said in an interview that you specially made two versions, Chinese and Korean, and they might be broadcast in China at that time!"
Song Yi couldn't help but laugh at Kim Tae Hee, "How is it possible? Your advertising endorsement with Sam Da Su hasn't expired yet. How could an advertisement starring Song Hye Kyo be broadcast in Korea?"
Kim Tae Hee finally realized what Song Yi said was the truth. Ever since Song Hye Kyo starred in Samdasu's Chinese market advertisement, Kim Tae Hee has heard a lot of discussions.
Some people said that Samdasu would soon change its Korean advertising spokesperson, and the new advertising star Kim Tae-hee certainly could not compare to Song Hye-kyo, who was in the limelight this year. In addition to this, they also said that Song Hye-kyo became the new darling of the new Korea, implying that Kim Tae-hee had fallen out of favor. Song Yi didn't know about these discussions, but he understood that for the girl he wanted to pursue, you must make her feel that you treat her differently from other opposite sex.
Song Yi gently patted the back of Kim Tae Hee's hand, "Tae Hee, don't worry, Song Hye Kyo and I are just work colleagues, she always calls me Director Song. In Seoul, you are the only one who calls me Song Yi OPPA."
Two chapters are finished, see you tomorrow (end of this chapter)