Those Years When I Was Forced to Top the Forbes List

Chapter 130 Achieving Victory in One Battle

Dean Zhou paused for a moment, feeling that the answer was not clear enough.

Although it is a transportation school, the students in the School of Humanities are not related to the architecture industry, and it is likely that they will have a hard time passing the interview process.

"How many jobs does your company specifically need? ... What positions can our college's four majors fill?"

Upon hearing this question, Chen Xuebing leaned back slightly and smiled:

“I have many positions available here. As for the issue of ability, I have actually mentioned to Teacher Xu that I can train outstanding and hardworking people, and being competent for the position is not a problem.”

He deliberately brought up the matter of running for branch secretary, and then glanced at Xu An.

Xu An received a look from Chen Xuebing and gleaned a message:
Praise me now.

She remembered that Chen Xuebing had told her he planned to compete for leadership positions in the college and university. After hesitating for two seconds, she continued the conversation.

"Yes, Dean, Chen Xuebing encouraged everyone to actively participate in group activities, gave a speech on teamwork, and promised to promote outstanding candidates to high-paying positions. He served as our class's Youth League Secretary, and our class's team enthusiasm has been greatly mobilized."

She really wanted to remind Dean Xu that Chen Xuebing owned more than one company, but since Chen Xuebing himself had said it, it sounded a bit too fantastical. She was afraid that Chen Xuebing was exaggerating, so she didn't dare to speak rashly.

Chen Xuebing thought to himself that Instructor Xu had a good grasp of things, smiled slightly, and immediately returned the favor: "Yes, Instructor Xu is also very concerned about the employment of graduates in the college. She talked to me before about providing positions for outstanding students. She was the one who convinced me."

Dean Zhou could, of course, recognize the tone of their voices.

However, this information didn't quite match her understanding.

"High-paying job? Is your company a labor service company or a construction company?"

Labor service companies are employers, namely labor dispatch agencies, and are also responsible parties for labor contracts. Foremen need to be affiliated with a labor service company in order to engage in subcontracting.

Labor service companies can only do subcontracting.

Construction companies are employers who manage and guide workers, but they generally do not sign contracts directly with workers. However, only construction companies are qualified to undertake general contracting, and they are considered the client of labor service companies.

As a leader at the transportation school, she understood these things and couldn't imagine what kind of high-paying jobs these companies could offer to freshmen.

"We are planning to acquire the engineering qualifications of the construction company. However, the high-paying positions I am referring to are not in engineering companies, but in two other companies under my name: one is a financial company in Chongqing, and the other is an internet technology company in Shenzhen."

Internet, Finance!

These are both high-end talent industries.

Dean Zhou took a breath and began to re-examine the young man.

Especially financial companies… she felt it was a bit unreal; the industry has very high barriers to entry.

Could it be some kind of intermediary?

"A financial company? In what area?"

"Hmm... Dean Zhou, have you ever heard of private equity funds?"

Chen Xuebing's words caused a huge uproar in their hearts:
"Our Changzheng Capital is raising the first private equity fund in the entire Southwest region, with a target of 150 million yuan. It will start operating within the next month."

One hundred and fifty million!

"Angel investor?" Xu An was quite surprised and asked tentatively.

She was just a young girl. At that time, Taiwanese dramas were very popular, and many TV series featured terms like "angel round" and "angel investor." Once these terms appeared, they changed the fate of many protagonists.

Chen Xuebing shook his head and smiled.

“Angel investment is only for early-stage startups, and the investment amount is generally relatively small, ranging from tens of thousands to several million, but not exceeding 100 million US dollars. The main investors are angel funds and individual investors. On the other hand, private equity investments are mostly in the mid-to-late stages and involve larger amounts. Our fund is a securities fund and invests in the stock market.”

Once you put it that way, the difference immediately becomes apparent.

Dean Zhou listened with a puzzled look in his eyes, his heart filled with countless emotions.

She also has funds, two of them.

One special fund of 10 yuan for the research of the theoretical system of the scientific development concept, and another planning fund of 21 yuan donated by students' parents to support professors' research projects.

Although the College of Arts and Sciences is short of staff and funding, it also lacks projects.

During the holidays, the science professors were all working on projects and providing guidance, while the humanities professors were truly on vacation.

Even without projects, the pressure of writing papers and pursuing professional titles is still considerable.

…It's very desolate.

Speechless for a moment.

After a while, she came to her senses and realized that both of them were looking at her.

"Oh, so... what does that other tech company do?"

Chen Xuebing scratched the back of his head: "There's a factory in Shenzhen, still under construction, that does some internet electronics sales. The sales and technical positions have good pay. The technical skills aren't hard to learn, and Shenzhen has a good entrepreneurial atmosphere. The prospects in this area are good, so it's suitable for students with entrepreneurial ideas to study. After a year or two of learning, they can go out and start their own business. Earning 100,000 to 200,000 yuan a year is relatively easy."

In Chen Xuebing's words, tens or hundreds of thousands of yuan seemed worthless.

It's easy to imagine that his company in Shenzhen is extremely profitable.

Dean Zhou thought to herself that this student was probably even more powerful than some of the wealthy parents she had met last year.

They are fully qualified to be on the list of honorary alumni.

"Would it be convenient for some senior students to visit your company?"

That was her real topic for today.

Chen Xuebing smiled and said, "We're doing some interior decoration work in the office these days. We also have an investor seminar on Friday. If you'd like to take your students to learn more about the financial industry, you can come and take a look."

A typical New York 45 is too leisurely.

It's supposed to be a private equity fund, but there's no background check or investment research. They just trade based on the stocks he provides. A bunch of people are drinking tea, making coffee, and looking at computers. How come he seems so busy?
The dean needs to personally certify that he is very busy.

Dean Zhou had exactly that in mind.

"The day after tomorrow? That's perfect! After our visit, I'll report to the principal at the Monday meeting! We should pay attention to the great entrepreneurial achievements of our students. Bill Gates founded Microsoft at Harvard, which became a global miracle. I hope you can also achieve success and bring honor to the school."

Chen Xuebing chuckled dryly: "Hehe, Dean, this is not a good example. Bill Gates dropped out of Harvard to start his business. I still want to get my college degree. No matter how busy I am at the company, I have to come to class. I'm just afraid I will fail the final exam."

He would seize any opportunity to pry, and Dean Zhou could tell he wanted "special treatment," but since the college hadn't received any real benefits yet, she certainly wouldn't give him any special treatment so easily.

Let’s go and see.

"Then I wish you and the school mutual success."

As the conversation was drawing to a close, Xu An, also very curious about Chen Xuebing's financial company, quickly said, "Dean, could we organize a few students from our class to go and take a look? Freshmen should broaden their horizons, and Chen Xuebing is a classmate of ours. Let them go and learn from him, so they can have clearer goals for the next four years of university."

Dean Zhou glanced at Chen Xuebing.

Chen Xuebing nodded: "The office is quite big. The whole team should not exceed 30 people. Let's call Fang Yu as well."

This kid has some resilience. After losing the election, he buried himself in his studies. He has connections at home and will be in politics in the future. Chen Xuebing didn't want to make enemies with him, but he also didn't have the mind to do any ideological work with him.

Regardless of the size of the matter, let's finish this Friday and accomplish everything in one fell swoop.

……

Since Chen Xuebing ordered the fund to be launched on Tuesday, New York 45 has been extremely busy.

Chen Xuebing's arrangements were understated, but the establishment of a foundation is definitely a big deal.

According to the Securities Investment Fund Law promulgated in October 2003 and the Trial Measures for Securities Companies' Client Asset Management Business promulgated in December 2003, asset management companies are required to submit nine documents to the China Securities Regulatory Commission (CSRC) for their fund business, two of which involve accounting firms.

Fortunately, Xu Jin had some old connections and found a consulting firm in Beijing that specialized in handling matters for the China Securities Regulatory Commission (CSRC) to act as his agent. The firm provided clear directions on what materials were needed.

This company's service fee is not low; it guarantees a pass for 60 yuan.

According to the China Securities Regulatory Commission's requirements for companies engaged in client asset management business, their net assets must not be less than 200 million yuan.

However, asset verification is not a big deal. Changzheng Capital's registered capital is 200 million yuan, and the handling fee was only about 200,000 yuan.

There are precedents for private equity funds, and their capital flow channels are relatively open and transparent. With most of the funds being self-raised, there shouldn't be any major problems. After visiting the China Securities Regulatory Commission (CSRC), the other party replied that it would take about half a month for the Chongqing CSRC office to conduct an on-site review. It would be best to have several professionals present at that time.

Chen Xuebing realized that the investment research department might not need to be established for the time being, but the risk control and compliance department had to be established, otherwise there would be many troubles later. (He then made a decision.)

The person in charge must have more than five years of experience as a full-time financial lawyer.

In other words, he has been working in financial law since 00, when Chongqing had almost no financial institutions.

It's hard to find.

After some discussion, they found a Shanghai-based headhunting firm called Emerson, which had an office in Chongqing.

The door-to-door service was very professional.

If we can provide a list according to the standards, the basic fee is 10,000, plus 30% of the candidate's annual salary.

In addition, we need to inform the local government. Although the district government has no jurisdiction over this matter and there are currently no separate regulations requiring companies to pay taxes on stock transactions, it is still a business worth hundreds of millions of yuan and the first private equity fund in the entire Southwest. When it is officially established, the government will definitely send someone.

Wu Zisheng divided his forces into three groups: one contacted the district government, another contacted people to handle the filing, and the third liaised with headhunters. He even requisitioned two traders to buy materials and handle the interior decoration. Ren Ying also contacted an accounting firm to "process" materials day and night.

The entire process involved spending money everywhere, contacting various service companies, and was so extensive that it was almost like a mini-IPO.

……

At 1 p.m. on Friday, when Chen Xuebing led Hu Li and a middle-aged man into the company, a large "Long March Capital" sign and a globe-shaped logo were already placed on the entrance wall.

Wearing her newly bought black Zara suit, Yin Xin was in a good mood and smiled sweetly as she opened the glass door for them.

The reception area at the entrance was carpeted with gray carpet.

Stepping inside, the entire 200-square-meter hall has been completely renovated.

Standing air conditioners were installed in the four corners.

A huge round white table was installed in the middle, which can seat about 20 people. The craftsman was also measuring the surrounding area, preparing to install glass partitions to form a transparent round conference room.

Such a meeting room offers a wide view, saves space, and is also very beautiful and stylish.

The white, unobstructed workstations are surrounded by a bar, coffee machine, refrigerator, and other items that have been converted into glass-partitioned lounges. The entire hall is decorated in a gray and white style, continuing the previous minimalist design.

There are four rooms inside, totaling over 100 square meters. The partition glass needs to be removed, and walls need to be installed, so the renovation will take time.

Chen Xuebing found the overall design very interesting, and Wu Zisheng said he wanted to increase the budget by about 20 yuan, which he agreed to.

He was extravagant when it came to finance.

"Wow, you've turned the land upside down in just a few days?" Hu Li looked around, feeling that the changes were huge.

"I'd love to turn this place upside down, but unfortunately it belongs to someone else. When I have the money, I'll build my own one in Shanghai."

Chen Xuebing casually blew a few words, and the middle-aged man next to him gave a half-smile.

"The commercial land auction in Shanghai at the beginning of this year required a minimum deposit of 100 million yuan, as well as requirements on real estate development qualifications and years of experience."

Hu Li's father, Hu Minghui, arrived quickly, as it was almost the weekend and he wanted to take his daughter sightseeing in Chongqing.

Chen Xuebing went to the school gate to pick them up.

However, Hu Minghui was not in high spirits along the way, perhaps because he was worried that his daughter would be deceived.

His attitude only changed slightly when they arrived at the office.

“My engineering company is downstairs, and I will soon acquire a company with qualifications for construction and real estate development. I believe Mr. Hu will see me in Shanghai’s real estate industry within one or two years.”

Chen Xuebing spoke in an unusually high-profile manner today.

Don't be low-key when facing investors. These days, low-key people don't get ahead and lack entrepreneurial passion.

During the peak of Jack Ma's entrepreneurial years, he always had a podium at meetings, with everyone listening while he spoke alone. Once on stage, he would dance around. Even when he was interviewed by the BBC in the United States, he didn't have a million dollars, yet he still firmly stated that he wanted to change the entire Chinese internet.

Tencent's fastest rise also coincided with the years in which it engaged in the most battles with other companies.

Shi Yuzhu, Hu Zhibiao, Duan Yongping, and other advertising tycoons, including real estate, home appliance, and retail moguls, are all ostentatiously cultivating their personal brand.

When someone falls silent, it's usually because their business is declining, or they've stepped down to enjoy life.

Any big business is inseparable from advertising, and the image of the business owner contributes to the trust level of the product.

Keep a low profile? Not at all, he has at least 20 years left before retirement.

"Mr. Hu, feel free to take a look. It doesn't matter whether you invest or not."

"Old Xu, please greet Mr. Hu and introduce our products and returns to him. Have the people from CITIC Securities arrived yet?"

"We'll be there at 1:30!"

"Okay, I'll go inside and check the list sent by the headhunter. A reporter will be arriving soon, as well as a visiting team from the School of Transportation. Mr. Wu, please prepare to receive them. Call me when Mr. Hong arrives."

……

People arrived one after another.

When Chen Xuebing came out of his private office, the lobby was already quite lively.

"President Hong!"

Chen Xuebing greeted him with a smile.

Hong Yongqiang led his group around, looking around, and said with a smile, "Not bad! Come, let me introduce you, this is General Manager Jiang from Xinyuan Logistics!"

"Hello, Mr. Jiang!"

"Mr. Sun from the InterContinental Hotels!"

"Mr. Sun!"

"Mr. Liu of Hongyan Restaurant is also a friend of your uncle. He said he saw you when you were little. Do you know him?"

"I know, I know! Uncle Liu!"

"Haha...you kid, you've grown up so much and are doing such a great thing! Time flies! I'm really getting old! It's your turn to run the world from now on!"

"Never get old! I'll help you make money and guarantee you a second spring in your life!"

"Hahaha……"

Chen Xuebing shook hands with Hong Yongqiang's investment team one by one. Most of these people had been here before, and when they arrived, their biggest concern was whether the recent stock returns had declined. They went straight to Xu.

Chen Xuebing finally had a moment to spare before greeting a young man sitting in the hall.

"Reporter Qin, it's been a long time."

Today is not the launch ceremony for the foundation, and no one from the district government came. However, Chen Xuebing still invited reporters to give everyone a sense of ceremony.

The reporters from several newspapers were all brought in with the help of Section Chief Huang, including Qin Hai from the Times.

Qin Hai stood up, his expression incredibly complex.

"Mr. Chen, I didn't expect you to actually... this fund... 150 million?"

When Chen Xuebing first told him he had achieved great success, he gave him the first interview, and he thought the man was too arrogant.

In just six months, Chongqing's first private equity fund, worth 150 million yuan, was established under his management.

Chen Xuebing had fooled Qin Hai about the Furong Village incident last time, but this time he chuckled and told the truth: "It's not that much. We raised less than 1.1 million yuan ourselves, and some was underwritten through securities firms, so it's estimated to be less than 1.3 million yuan. Business is business, so we always have to exaggerate a bit. Just write 1.5 million yuan in a bit."

Qin Hai looked troubled.

"I can't mention the name of your fund or its fundraising channels, and I can't even mention the name of your company. I can only write reports about the establishment of Chongqing's first private equity fund."

Chen Xuebing couldn't help but laugh and patted him on the shoulder.

"Still so honest. It's okay, you can just take photos and not write a report."

(End of this chapter)