Transmigrating to Book 50, others hoard rice, I hoard money

Chapter 520: Borrowing money hurts the relationship, but if you take 8% of my profit, it won’t hurt

After Xu Hanqi successfully developed the cash register, he asked Xu Hanhua for advice on some negotiation skills via email, and then went to Zhou Rong for help in introducing him to government leaders.

Zhou Rong took Xu Hanqi to find Jiang Hongbin, hoping that the Industry and Commerce Bureau would take the lead in promoting this project and help Jiang Hongbin achieve some political achievements. With such a favor, Xu Hanqi's company would also have more backers...

Foreign businessmen complained about the poor quality of service provided by window units such as city appearance, transportation, telecommunications, airports, and train stations; the low efficiency and serious bureaucracy of government foreign-related departments; the lack of business credibility and failure to act in accordance with contracts and regulations.

There are also phenomena such as random charges, random fines, and random levies, and they are clamoring to withdraw their investment.

The municipal party committee leaders assigned the task of appeasing foreign investors to Jiang Hongbin, asking him to do a good job in ideological work and retain people and funds.

As a director, Jiang Hongbin had to speak humbly to people, but the effect was not good because he could not change the overall environment. Foreign investors felt that their rights and interests were not protected, so they postponed their investments or directly withdrew their investments and went to develop projects in several special economic zones along the coast.

Jiang Hongbin failed to complete the task assigned by the Municipal Party Committee. He was so anxious that blisters appeared on the corners of his mouth and his hair fell out in clumps.

He finally understood why Zhou Rong wanted to apply for early retirement.

Alas, if he is assigned a few more tasks like this, he probably won't be able to last a single term...

When Zhou Rong and Xu Hanqi went to find Jiang Hongbin, he was worried about the municipal party committee meeting in a few days. Looking at the few strands of hair falling on his palm, he sighed heavily.

Jiang Hongbin used to have thick hair. He was promoted to the position of deputy director in his early 40s. He looked refreshed and full of energy. But after not seeing him for a few months, he looked haggard and showed signs of baldness, which surprised Zhou Rong.

When Jiang Hongbin saw Zhou Rong coming, he hurriedly stood up to greet her and enthusiastically poured water for her and Xu Hanqi.

After Zhou Rong introduced Xu Hanqi's identity, he stated his purpose directly.

Jiang Hongbin was so happy when he learned that Xu Hanqi was a returned businessman who wanted to come to Jiangcheng to invest in a project that his hair stood on end: "Comrade Xu, how many million dollars do you plan to invest?"

Xu Hanqi brought his sample cash register and demonstrated its functions. He said, "We are currently planning to invest 20 yuan. If the government offers favorable conditions, we can increase the investment."

Jiang Hongbin was pleasantly surprised by the cash register's quick settlement and receipt printing function, and asked, "What do you think? I have a meeting at the municipal government in two days, so I can give you feedback."

Xu Hanqi: "I hope the government will only participate in dividend distribution and help solve some problems with raw materials, machinery and sites, and not interfere with project decision-making and company operations. The company's legal, financial, departmental staffing, project implementation, etc. will be handled by our designated professionals."

Jiang Hongbin wrote down Xu Hanqi's request and said, "I will give you some feedback on what you said before I reply to you."

Xu Hanqi: "Okay, I look forward to good news from Director Jiang."

When seeing Xu Hanqi off, Jiang Hongbin thanked Zhou Ronglian several times.

Zhou Rong: "Director Jiang, you are welcome. I hope Jiangcheng will develop better and better. I just heard that Comrade Xu wants to return to China to invest in projects. We should keep the wealth within the family, so we should find a way to get the project."

Jiang Hongbin: "I have the same idea as you, but unfortunately many policies are stuck there. I have the will but not the power. I will try my best to make this happen."

Zhou Rong: "Okay, wait for good news."

During the meeting, Jiang Hongbin described the cash register as miraculous, saying that once it was put on the market, various units would rush to place orders and the government's fiscal revenue would definitely increase by several percentage points.

The leaders of the municipal party committee were very excited. In recent times, foreign investors have been withdrawing their investments, which has seriously affected their political achievements. If the cash registers can be mass-produced and successfully put on the market, they will have an explanation to their superiors.

After discussion, the leaders asked Xu Hanqi to increase the investment amount to 100 million US dollars, with the government holding 60% of the shares, and the deputy general manager, party secretary and financial manager must be appointed by the government. Other conditions could be agreed to.

Jiang Hongbin contacted Xu Hanqi and reported the city government's decision.

Xu Hanqi didn't have enough money, so he said he would think about it.

Jiang Hongbin was worried that he would not invest, so he said anxiously: "As long as the cash registers can be rolled out across the country, even if you own 40% of the shares, the annual profit will be considerable.

The municipal party committee has already made a lot of concessions. The $100 million investment, the shareholding ratio, and the appointment of the party secretary cannot be changed. I can help you fight for the rest.”

Xu Hanqi thought for a moment and said, "Then I'll trouble Director Jiang to help communicate again. If the conditions are right, I'll go to Hong Kong to get the money."

Jiang Hongbin: "Okay."

With Jiang Hongbin's strenuous efforts and mediation, the municipal government and Xu Hanqi reached a cooperation intention.

Xu Hanqi only had $22.5 in savings, and Xu Ce and Wen Xin had deposited more than $200 million with Xu Hanhua over the years.

Xu Hanqi wanted to borrow money from his father, but Xu Ce said, "It's bad for a father and son to borrow money. I will invest $80 directly, which will account for 80% of your profit. How about that?"

Xu Hanqi almost rolled his eyes out: "Dad, borrowing money hurts the relationship, but if you take 8% of my profits, it won't hurt the relationship? Am I your biological son?!"

Xu Ce: "Just because he is my biological son, we have to settle the matter clearly. My money didn't come from the wind. You asked for $80 right away, and you don't even want to pay the interest. If you borrow from me a few more times like this, your mother and I will be left with nothing."

Xu Hanqi: "...I can write you an IOU."

Xu Ce shook his head and chuckled, "You are my son. If you refuse to pay me and take the case to court, it will probably be treated as a family matter. Investment is different. This is a business behavior. If you don't pay me back, I can sell my shares or liquidate your company."

Xu Hanqi: "I'm your son, do you have to be so defensive against me?"

Xu Ce: "Let's talk business. You have been obsessed with technology and have rarely studied the business world and human nature. You will inevitably suffer losses in the future. I will teach you a lesson.

Think about it carefully. If you agree to my request, I will contact your eldest brother and ask him to send the money back. If you think it is not worthwhile, you can raise funds yourself."

Xu Hanqi pondered for a whole night and decided to go to Hong Kong to borrow money from Xu Hanhua.

Xu Hanhua's investment company has officially started operations. He has the same request as Xu Ce, saying that he will invest 80 US dollars in the name of the investment company, which will account for 40% of Xu Hanqi's % profit.

Xu Hanqi: "You are worthy of being Dad's favorite eldest son. Even the requests you put forward are the same as his. Don't you intend to give me a chance to live?"

Xu Hanhua smiled and said, "Since we were little, my father has repeatedly warned us that there is no such thing as a free lunch. If you want to take $80 for free to invest in yourself, it is impossible no matter where you are.

If you accept my investment, I can help you expand your market in Hong Kong and abroad, and then hire professional managers to take care of the company's daily affairs, so that you can focus on research and development, and then sit back and wait for the money to be divided."