Those Years When I Was Forced to Top the Forbes List

Chapter 215 First, let's make money!
"We've made contact, but their asset management department is in Beijing, and there are many restrictions on insurance funds entering the market. ST stocks are absolutely out of the question. For example, Suning, which is in our stock portfolio, went public through ST Jizhi and hasn't been removed from the ST list yet, so we can't invest in it."

"It's okay if you don't invest in ST stocks. There are still many high-quality stocks in the portfolio. However, I can't go to Beijing recently. I have to go to Shanghai. Could you ask where their people in Shanghai are?"

"Well, there's no need to go to Beijing. I should be able to contact the people in their asset management department. The major shareholder of Xinhua Insurance is Central Huijin Investment Ltd., and I can find people there."

Cai Zhijian's words made Chen Xuebing's eyes light up.

I almost forgot, he was also involved in the listing of China Construction Bank.

Central Huijin Investment Ltd., the God of Wealth himself!

The major shareholders behind the four major banks have injected capital into and promoted the shareholding reform and listing of Bank of China and China Construction Bank since their establishment three years ago.

Their company profile states that they "promote the shareholding reform and listing of state-owned commercial banks, and maintain the stability of the financial market."

Next year, a new "China Investment Corporation" (CIC), also known as the "China Sovereign Wealth Fund," will be established. In 07, its registered capital reached 1.55 trillion yuan, and it was fully paid up. Central Huijin Investment Ltd. will be brought under its control.

Temasek is also Singapore's sovereign wealth fund, but it's a little brother compared to CIC.

China Investment Corporation (CIC) under the Ministry of Finance, Central Huijin Investment Ltd. under the People's Bank of China, and Huaan Investment Ltd. under the State Administration of Foreign Exchange.

These types of companies can no longer be called companies; they are market projections and overseas projections of departments, safety valves for foreign exchange reserves, and money-making entities for the country. Even a tiny bit of money leaking from under their fingernails can create a billionaire.

They have a name in the domestic stock market: "national team".

It also serves as a safety valve for foreign exchange reserves.

If they can't handle something, then Dongfeng will probably have to step in.

"Won't it be a waste to use these connections for this?" Chen Xuebing recalled that Cai Zhijian insisted on finishing the last two months of work just to build these connections.

“What do you mean by waste, Chairman? What you’re doing is far more than I’d like to do, and I find it very exciting! I’m willing to assist you, even if it’s just a small role… What’s that saying? I don’t seek… fame or fortune among the lords.”

Cai Zhijian starts stammering whenever he quotes classical Chinese texts, which shows his lack of skill.

"The CEO isn't some nobody. 'Not seeking fame among the lords' is a metaphor for Zhuge Liang; comparing yourself to that is too high a standard. If you want to impress your boss, there are lines from the 'Memorial to the Throne' that you could use: 'I will dedicate myself to the cause until my dying breath!' Or 'Like a silkworm spinning silk until death, like a candle burning until it's ash.' In more formal terms, you could use 'May we soar to the clouds together,' or 'May our future be painted with brilliance.'"

Chen Xuebing has been quite busy lately, buying several collections of classical Chinese texts to study polite phrases.

Cai Zhijian chuckled and said, "I've learned a lot, Chairman. I will definitely learn from you and not be ashamed to ask questions!"

"..."

"By the way, Mayor Huang didn't seem too happy today. When I went to say goodbye to him as I was leaving, he didn't look too good."

"He doesn't know you, does he? Did he introduce himself?"

"People from several companies and banks were there at the time, but Mayor Huang didn't shake my hand. I really hope it was because he didn't recognize me."

Upon hearing this, Chen Xuebing's lips moved slightly.

“Then let’s not bother trying to win their favor. Since you can find someone at the headquarters of Xinhua Insurance, I won’t rush back. I’ll go to Shanghai first, and after I come back and finish the dividend meeting, we’ll move.”

The meeting is scheduled to last three days. Chen Xuebing originally planned to rush back the day after tomorrow to attend the closing ceremony, but now he has changed his mind.

The Chongqing matter will be put on hold for now.

If all else fails, we can move the entire Gu'an Group out, including the construction company. After all, Hefei is undergoing a major construction boom, and there are plenty of opportunities.

However, he didn't really want to move the group's headquarters to Anhui. Chongqing was, after all, his home, and as a businessman, he could gain more respect and flexibility when investing abroad.

"When does it open?"

"Let's postpone it a bit, the situation has changed."

The 500 million yuan in Shanghai requires a 75 million yuan deposit. He hasn't earned enough yet, so even if Lu Xiaochun helps him raise the money, he still won't get the funds.

Such a large sum of money, especially from unfamiliar investors, cannot be obtained simply by talking a few words and showing them a profit and loss statement. Rich people don't play with poor people; the real initial investment must be deposited into a third-party escrow account before other people's money will be credited to their accounts.

Back then, the group of people in Chongqing were acquaintances of Uncle Hong and his uncle, and they experienced many twists and turns during the fundraising process.

He originally planned to use this dividend payout to address internal funding needs.

Hefei needs to provide collateral to raise the capital for BOE, and BOE also needs to issue shares to raise funds. It will take until June or July to raise the money. In June, the fund will distribute dividends again, and the problem should be solved.

As a result, the 6th generation was reduced to the 4th and 5th generation, and everyone was no longer under financial pressure, so the progress was accelerated immediately.

His financial plans also had to change accordingly.

They've seized many opportunities, but Gu'an's cash flow is like a thin rope laden with weights; it's constantly being increased to its maximum capacity. If any link in the chain breaks down, it's easy for the chain to snap.

Cai Zhijian understood this point as well, but his opinion was in line with Chen Xuebing's. After China's economy improved for five years following the WTO accession, there were plenty of people in this society who dared to gamble, even if you didn't dare to go all out to make money.

Conservatives have little chance of ever gaining prominence.

“I think we should talk to China Everbright Bank. They are our investors and know our internal situation. After we distribute dividends, we can increase the registered capital of Gu'an. After taking out a loan from the bank, we can complete the capital verification report required for PE (private equity investment). Then the loan funds can be used internally, and the capital can be used as the margin for the second fund.”

Private equity funds target the primary investment market, typically investing in pre-IPO or listed companies. In layman's terms, they are late-stage capital players who operate on a large scale, participating in pre-IPO, IPO, and private placements of listed companies. Occasionally, they can also be compatible with smaller companies.

At the top of the organizational hierarchy.

For this type of fund-type company, the paid-in capital shall not be less than RMB 100 million.

It's paid-in capital, not raised funds.

Payment must be made before fundraising.

Once this step is completed, Changzheng Capital will transform from a management company primarily acting as a trustee into an investment fund company that combines its own capital with fundraising.

With a broader business scope, departments for pre-investment research, risk control, and post-investment management need to be established.

The company can now be publicly promoted, and in the future, when entrepreneurs are looking for investment, they will think of Capital No. 1.

“Yes, that’s exactly what I was thinking.” Chen Xuebing immediately agreed: “However, this equity investment fund is not the Long March 2, but the Long March 3. The Long March 2 has already been submitted to the China Securities Regulatory Commission for processing.”

"Long March 2? What does that mean? Do we need to raise funds again?"

"Of course, otherwise how would we get investors to reinvest the money we distribute to them? Some people withdrew back then, and some regretted not investing enough. They're all waiting for me to give them another chance."

"Oh...hahaha..."

The two laughed, sharing the same quirky tastes.

“Then let’s not call it Long March 3, shall we? As for secondary market funds, I think our investment direction is more flexible. We can invest wherever it makes money. Arranging them by serial number is fine. Primary equity funds have a larger fundraising scale and are more professional. We can name them after value investing,” Cai Zhijian suggested.

"Value investing. Let's go with Changzheng TMT, or the Changzheng Information Industry Fund."

"I think it's still TMT. The Long March TMT Value Growth Fund is self-explanatory."

"Heh, fine, you fake foreigner."

Chen Xuebing chuckled twice and hung up the phone.

Cheng Danting and another young man in the room remained silent, sitting upright and quietly watching the capitalist's smile.

The two entered the room, and before they could even exchange a single word, Chen Xuebing had already received three phone calls in a row, all about investments, banks, insurance, and funds, involving hundreds of millions of yuan. The two found the calls exciting and not boring at all.

"You've found a partner, someone who studies medicine?" Chen Xuebing sat on the bed, stretching his neck, and smiled at the young man. "He's quite handsome." "Ah, um!" Cheng Danting stood up nervously. "Brother Pu Jin is my mother's student. He heard my mother was hospitalized and came to visit her. He happens to be a doctor working in Beijing. I discussed it with him, and he's willing to start a business with me!"

"Oh," Chen Xuebing's playful smile faded. "Aunt Yao is a teacher. Which hospital do you work at?"

Pu Jin sat down somewhat awkwardly: "I've only been working at Xuanwu Hospital of Capital Medical University for a short time."

Chen Xuebing shrugged and chuckled, "Take it easy, it's not an interview. Do you even know anything about computers?"

At that moment, Cheng Danting hesitated slightly before walking over to Chen Xuebing and saying, "Is your neck sore? Let me massage it for you."

Chen Xuebing glanced at her, then turned to the side and let her massage his shoulders.

The two went out together a few times during this period, and holding hands and linking arms became a natural thing, with an unspoken understanding between them. However, Chen Xuebing did not take any further steps to woo her.

The main issue is that the woman's mother had just undergone surgery and is still in the hospital, so this is not a very appropriate time.

Cheng Danting's technique was very gentle. With this massage, Chen Xuebing felt quite good, leaning against her soft abdomen, enjoying the relaxation after a long day of work.

Pu Jin, who was standing next to him, was unsure whether he should speak or not.

Seeing this, Cheng Danting took the initiative to speak: "Brother Pu Jin knows a little about computers and loves to surf the internet, but he doesn't know how to make websites. In fact, many patients don't understand the internet either. We discussed it and decided to put the telephone appointment system on the same platform. This system requires three teams: one for website construction, one for software, and one for the call center. After the website is built, the hospital will need to install a software to connect with medical resources. The people in the call center can help patients who don't understand the internet to fill in their information and connect to the hospital system."

Chen Xuebing thought it sounded alright, thought for a moment, and said:

"What about the waste of resources caused by no-shows? Have you thought about that?"

Pu Jin immediately spoke up: "This is actually a problem we encounter frequently in our hospital. Some patients who have paid the registration fee don't show up. It's fine if they miss their appointment. They can reserve the right to skip the appointment for up to half an hour. The time resources for no-shows can be reallocated through the system at any time, and more appointments can be released offline."

At this point, he asked tentatively, "This...should be achievable with software, right?"

Chen Xuebing laughed: "As long as the entire hospital is connected to the network, of course it's possible."

"Okay, that's fine. If someone makes three no-shows within six months, we'll add them to the appointment blacklist. I heard that's how they handle false police reports too."

As soon as Pu Jingang finished speaking, Cheng Danting quickly added, "We need a pilot hospital! We also need money, and the three teams need a lot of people!"

"How much?" Chen Xuebing asked with a smile.

Cheng Danting hesitated for a moment: "I estimate it will cost at least two million."

"Don't talk to investors about estimates; when it comes to spending money, you must be precise."

Chen Xuebing admonished:

“I can tell you that according to your calculation method, 200 million is definitely not enough. Just developing this software would require supporting a lot of people. However, your vision in terms of technology is limited, so we can't blame you.”

"First, telephones now have voice recognition technology, which can be used to guide users in a layered manner through the voice system, eliminating the need for a large human operator team."

"In addition, the scale of your project is not yet sufficient to support your own network construction and software design team. Don't try to do everything yourself; you need to learn to outsource."

"Here's what we'll do: I'll set up a network technology service company. You can outsource the network construction and software development to us, and the company will give you a price. As for the funding requirements, I'll take care of that after we've settled the accounts."

"You only need to maintain one network maintenance team."

"I'll give you 20 yuan in start-up capital tomorrow. You still need to hire an accountant to help you with the accounts. But it's best not to talk about shares right away. I'm investing in the whole company and will take 60% of the equity. You'll only have 40% left. You need to figure out how much you can give away and how much you can keep for future financing."

"In addition, pay attention to developing your own capabilities. As the head of the company, you may not understand technology, but you must keep track of the development of relevant technologies."

Chen Xuebing practically taught him step by step.

The 40% equity stake also delighted Cheng Danting.

If this company has government support, they can sell software and services to hospitals. The software was developed by Chen Xuebing, and a set can sell for a lot of money.

On second thought, she felt that this was not a good idea.

"Then if you set up a tech company, won't it cost money to hire people?"

Chen Xuebing waved his hand: "That's my business. I have my own needs too, you don't need to worry about it."

Besides this startup team, Hu Li had also mentioned this need to him, but Xu Yunfeng was very assertive and had recruited his own technical team.

In addition to these three teams, we will also support some small projects in the future, and the TMT investment fund will also invest in some large projects to attract some business.

With profits from external projects, the functional companies within the group's U-shaped structure can then operate.

The money should circulate within its own companies, forming an internal cycle.

Singularity Technology can now officially establish its network technology division.

Before I knew it, I had the urge to spend money again.

It was all because of the pressure of things happening one after another.

Let's make money first!
The following day, Chen Xuebing transferred another 50 yuan from Gu'an Labor Service and sent 20 yuan to Cheng Danting.

The other 30 yuan was Chen Xuebing's "accompaniment expenses" for this fundraising trip to Shanghai.

There is a set process for legitimate fundraising.

Small investors who focus on volume rely on roadshows, while VIP investors rely on one-on-one introductions.

This time, Lu Xiaochun arranged both for him.

First, we do a roadshow, then we bring together the investors we've contacted for one-on-one meetings to try and raise more funds.

Chen Xuebing even had to pay for the venue fee for the roadshow.

He was a little speechless, but he could understand. After all, Bosera was a state-owned enterprise, and it wouldn't be easy to get reimbursed without proper documentation.

Fortunately, Lao Lu had some sense of propriety and had already prepared the PPT for him.

Two days later, as Chen Xuebing set off for Shanghai, the news of BOE's investment agreement had already caused a huge stir.

"4.5-generation and 6-generation production lines are being launched one after another, representing the largest industrial investment in Hefei's history."

Government Investment Model Innovation: "Investment-Driven Attraction"—State-Owned Capital Leads Investment, Ushering in a New Chapter

"The Rise of New Financial Talents: A Rapid and Unprecedented March"

The name Chen Xuebing has been appearing repeatedly in related reports, this time not only in financial news, but also in some mainstream media outlets, which have reprinted this massive investment.

Overall, the report is positive, because the investment amount disclosed by Hefei is not large. Based on the currently disclosed 4.5-generation production line, it can be considered a successful case of attracting investment.

With the support of this large-scale media coverage, Changzheng Capital continued to accumulate shares of BOE Technology Group, and the stock price and market sentiment began to recover.

But as soon as he landed, Lu Xiaochun, who came to pick him up, didn't look too good.

"Why don't you control your reporting?"

Chen Xuebing knew what he meant and said helplessly, "With provincial government leaders here and so many major media outlets, how can I control it?"

"Oh dear, this is really bad. Everyone knows that your Long March Capital is going to make a big investment. The contracts have already been signed, and now you're short of money and are coming to Shanghai to raise funds. The investors we've already talked to have all changed their minds. You're just waiting to be ripped off."

(End of this chapter)