Chapter 114 Control of Financial Risks
Before the Internet era, companies basically did not give shares to senior employees. Naturally, even Ma Shiming and Huo Jianning, the working emperors of Hong Kong in their previous lives, could only take salary.
Of course, after they get their salary, if they are optimistic about their own business, then buying it is another matter, and there will usually be a discount.
Furthermore, stocks are actually a kind of dream. Only rubbish bosses will talk about dreams to their employees. Serious ones only talk about salary and benefits.
Yang Wendong is naturally a pragmatic person. After discussing with Qian Shangde, he gave him 1.5 times his salary in the United States. He was provided with a house and a car in Hong Kong. After the glue factory was built and successfully produced, His salary will also be increased by 30%.
This income is basically the limit in Hong Kong's technical field, but it is what people deserve, because ordinary talents are limited by the local average salary level wherever they work. In today's Hong Kong and the United States, that The difference will be several times higher.
But there is no such thing for elite talents, because they can also get relatively high incomes in Europe and the United States, so if they want to come to poor places, they have to pay a higher price.
After the negotiation was completed, everyone had a light meal together;
"Yang Sheng, it will take about half a month for me to resign from Dow Corning." After drinking a little beer, Qian Suntech said: “But during this period, I can also go to 3M’s factory in New York State for an on-site inspection. Next;
In addition, people from Hong Kong who are going to send to the United States also need to prepare as soon as possible. The sooner they go, the better. The core of the factory is these technical talents. With enough technical talents, even if If we don’t have 3M equipment, we can also directly purchase other production lines.”
"Okay." Yang Wendong nodded and said, "Changxing Industrial has been recruiting people with some academic qualifications or people who know some English some time ago. Currently, there are more than a dozen interested people."
In fact, even if there is no plan for a glue factory, this matter has been ongoing;
If a company wants to develop, enough talents are necessary, especially the production capacity that is about to expand rapidly, and a large number of people are urgently needed. Whether it is directly recruiting talents with corresponding skills from the society, or recruiting talents and cultivating them ourselves.
As a company gets bigger, it cannot be like the small workshop model of the past. At least the middle-level people need to be able to understand all the texts, have certain social work experience, and be good at thinking. Otherwise, in the company, The simplest and most complex batch management will be a mess.
Qian Shangde added: "That's good. When I return to the United States, we will study the types of glue we need in the future, and then obtain the 3M patent. Then there will basically be no problems with this factory."
Yang Wendong smiled, raised his glass again, and said, "I would like to thank Professor Qian."
"Yang Sheng, it's better not to call me Professor Qian." Qian Shangde laughed and said, "With the others Just the same, just call me Lao Qian. Only people you don’t know very well can do it so politely, but they are all called by their first names.”
“That’s right, Lao Qian, come on. , have a drink." Yang Wendong was also very happy. We will all be colleagues from now on, and naturally we will be considered acquaintances.
Qian Shangde is right. In any place, including China, the United States, Europe and other places with different cultures, honorifics are used for strangers or people who have just met, and people with whom we have good relationships no longer exist. It would be nice if young people of the same generation don't call him son.
After having a good meal, Yang Wendong arranged for someone to drive his own car to send Qian Shangde back to the hotel, while he took the car assigned to Wei Zetao by the company. Return to the company.
"Old Wei, I remember you wanted to buy an American car, didn't you?" Yang Wendong sat in the car and asked curiously: "Why did you buy a Volkswagen again?"
Wei Zetao said with a smile: "Originally, I was planning to buy one. I bought a Ford, but this Volkswagen is very special. The previous owner was a woman. It had been driven very little, with less than 10,000 kilometers, and the price was very cheap, so I bought it. It’s almost as good as new.”
< br>"That's not bad." Yang Wendong smiled.
Wei Zetao added: "Yang Sheng, now that Qian Sheng is here in the glue factory, the problems behind it will basically be minor. We should also choose a location for the factory."
" Well, this factory is different from the previous ones." Yang Wendong paused and said, "Although the glue factory is considered a light chemical industry in the chemical industry and has relatively low pollution, it is relatively speaking and cannot be placed near residential areas. .
You should discuss with the Hong Kong Waterworks and CLP Power to choose a sparsely populated place where water and electricity can pass, and build a factory there. ”
Although he is optimistic about the future real estate industry, even if it has not yet officially entered the market on a large scale, as long as he builds a factory, he will also choose some places that will be worth tens of thousands of dollars in the future. After all, he is not a fool. , everyone will do this.
But this glue chemical factory, he will not do it this way. The area will not be very large, and the benefits it will bring are not many. If it is built in a residential area, there may be a lot of wrangling in the future. It is completely unnecessary.
Besides, there is no need to infringe on ordinary people to make money. People's living environment, throughout the 1960s, there were more opportunities to buy and hoard land, and this is not bad.
"Good. "Wei Zetao agreed and said: "But we must also consider transportation issues. The import and export of raw materials and the products we produce must also go out. It is also troublesome for workers to commute too long. ”
Yang Wendong nodded and said: "So we have to find a balance. If it doesn't work, we can build another dormitory for workers to live in."
In Hong Kong, factories basically do not provide accommodation. It is said that a long time ago, some The factory provides accommodation, which makes it easy for workers to go to work immediately after resting. The factory is even locked to prevent employees from leaving.
But the normal capitalists in Hong Kong obviously will not provide a good environment. Needless to say, the living conditions are poor. Naturally, they do not pay much attention to fire protection. As a result, a fire broke out and there were heavy casualties.
Although accountability in the old days was not so strict, many people died and capitalists always had to pay a certain price. Gradually, Hong Kong factories no longer provide accommodation.
Including Changxing Industrial, hundreds of employees are now not covered. It is not that Yang Wendong is reluctant to part with the money, but that he does not dare to bear the risk of an accident.
However, if there are only a few people, who are considered elites, it is still worthwhile to spend a little extra cost to build a dormitory to ensure a good environment and fire protection. After all, the glue factory is related to the core development of the company in the future.
"Okay, Yang Sheng." Wei Zetao smiled and said: "One more thing, I have negotiated with the Hong Kong government. Our previous new factory will buy the land on Huarong Road. It’s just that the price has not been fully negotiated.”
“Okay.” Yang Wendong nodded. This piece of land is 350,000 square feet. It was the land he was most optimistic about in the early days. It is also the land on the edge of the Kowloon Peninsula that is not valuable. Otherwise, money can’t buy it.
So he asked: "Has the Hong Kong government not compromised on the asking price yet?"
Wei Zetao replied: "No, the Hong Kong government's quotation is HK$3.2 per square foot. My price is HK$3.2 per square foot." We have entrusted a team of professional lawyers from Central to negotiate with the Hong Kong government and strive to reduce the price to one million Hong Kong dollars.”
"One million?" Yang Wendong nodded after listening, and then asked: "How much will it cost to level the land later?"
The flat land in Hong Kong is basically gone. The rest need to be developed and leveled at a lot of money, otherwise there wouldn't be so many squatters forced to live in the mountains.
Wei Zetao replied: "If it is fully leveled, it may cost HK$6.7 million, but we only occupy 40% of the area in the first phase, so the cost in this area will be reduced a lot."
< br>Yang Wendong nodded and said: "Well, looking at it this way, plus a lot of new features later, Equipment, material preparation and factory infrastructure, the money from 3M is still not enough."
Wei Zetao also said: "Yes, we must also reserve a certain amount of funds to purchase production lines from 3M. , technology patents and other investment needs of glue factories;
Therefore, Yang Sheng, we also need to negotiate with Liao Chong Hing Bank or other banks as soon as possible for the next loan. "Okay, during this period, Liao Liewen also called me once and invited me to their headquarters building in Central. Yang Wendong smiled and said: "It just so happens that all that can be done about the glue factory has been done. It's time to plan to build a new factory." ”
The purpose of building the new factory is to spend a lot of money to solve the short- and medium-term production capacity problems at once. Otherwise, it will be like Li Jiacheng last year, with too much production capacity expansion. Soon, you will have to rent a new factory in two or three months, and then you often can’t rent it, or the landlord sees that you are in a hurry and tries to take advantage of you.
So the choice of location and the layout of the factory building are all important. It's very prudent, No matter how urgent you are, you can't be so anxious that you can settle it in a few days, otherwise it will cause trouble in the future if it is not done.
Besides, purchasing land from the Hong Kong government is not something you can do immediately if you want to, but on the contrary, it shows. Even if you are anxious, you will still be ripped off; the British in Hong Kong in this era have always advocated the principle of "free market" and will not care whether you come to invest or not. Unlike the mainland governments of later generations, when it comes to large investments, the government is more powerful than you as an entrepreneur. Urgent.
During this period, he also needed to get the glue factory sorted out first. Now that it was almost done, he needed to decide on a new factory and put it into construction to ensure production capacity for at least one or two years in the future.
Of course, this kind of thing is only based on the current plan. If one day, there is another popular product or even several products that are comparable to post-it notes, then the factory may not be enough again, and everything is available Maybe, just do it according to the current situation first
Wei Zetao asked with a smile: "Then when do you plan to go?"
"I will call back this afternoon and make an appointment, probably within the next few days." Yang Wendong thought about it I want to say that the sooner this kind of thing is done, the better.
The plan of the new factory is large enough. As long as the investment is completed, a large number of sticky notes, sticky mouse boards, and fly sticky boards can be exported to meet the US market and even expand markets outside the Americas. Then the financial problem of your company will also be It's easy to solve.
With the high profits of Post-It, even if we build other factories in the future, we probably won’t need to borrow money anymore. Our own funding problem, at least in the field of factory production, is not a big problem.
As for real estate, after all, as long as you have excess funds in the industrial field, you will most likely invest in the real estate field. At this time, you will naturally need to cooperate with banks, but this should be a long time later. .
Wei Zetao added: "I heard that the headquarters building of Liao Chong Hing Bank will be relocated. Recently, they have acquired a piece of land in Central. It is estimated that they will build a higher headquarters building."
"This Liao Chuang Hing Bank has developed very rapidly in Hong Kong in recent years." Yang Wendong paused and said: "The high-interest small deposits they pioneered made Liao Chuang Hing Chong Hing Bank is developing rapidly. Not only are branches opening quickly, but a new headquarters building is being built. "
Wei Zetao said: "Yang Sheng, although I am not specialized in finance, what Liao Chong Hing Bank has done is. I always feel that the risk is very high when it comes to things, especially when I heard that Liao Baoshan directly used depositors’ money to buy real estate, and if something goes wrong.”
"Well, I know, so after the loan is successful, we will change the cooperative accounts with other major dealers." Yang Wendong paused and said.
As a time traveler, he knows that in two years' time, Liao Chong Hing Bank will be in a serious run crisis, so of course he will prepare in advance.
The reason why I cooperated with this bank during this period was because in the early days, I could only open an account with this bank that was willing to deposit 100 yuan.
In addition, for the loan, he has no fixed assets as collateral. If he wants to obtain more funds, he must find a bank that dares to "take risks".
Everyone gets what they need.
When there is a real run on Liao Chong Hing Bank in the future, his deposits and liquid funds in his account will definitely be gone. As for the loan, of course, don't think about it, but at least there is no risk.
Wei Zetao said with a smile: "It seems that Yang Sheng has been prepared for a long time, so I don't have to worry."
Yang Wendong said again: "Old Wei, I am not as good as you in the specific management of the company and factory. , the technology is not as good as yours.
But I am also very aware of this business risk, but you also warned me very well. If you have any concerns in this regard in the future, you can tell me. ”
As a time traveler, he also knows about some major events. When these events break out, they will have an impact on a wide range of commercial enterprises.
But in addition, every business will have its own risks in the process of operating. In this regard, Yang Wendong does have experience in starting his own business in his previous life, but it may not be as good as the current business elites, especially many who belong to this era. He may not be able to predict the risks in advance.
"Okay, don't worry, Yang Sheng." Wei Zetao agreed, and then asked: "Well, Yang Sheng, which bank is better for us to cooperate with later?"
Yang Wendong thought for a while. , looking at the Hong Kong Island area opposite Victoria Harbor in the distance, asked: "Can HSBC do it?"
Wei Zetao replied: " If we just open an account, given our company's current capital turnover, it's impossible for the bank to refuse. It's no problem to choose HSBC.
But this bank mainly cooperates with British banks, so in terms of loans, it may be a bit difficult. Difficult, Yang Sheng, you also know that big British companies look down on Chinese people.”
"Hmm..." Yang Wendong nodded. That was how the British ghosts were like in the 1950s. There was no other way but to wait until they were pressed to the ground and rubbed by Chinese people in the 1980s before they changed.
Relatively speaking, HSBC is really smart. It has discovered that Chinese capital is the future very early, so it has invested in many Chinese people with great potential very early. However, it is only the 1950s, so it is still a bit too early. , I don’t know if there are people with this vision in the history of HSBC who are still in HSBC today.
Then he asked: "What about Hang Seng Bank? This is the largest Chinese bank in Hong Kong."
Wei Zetao replied: "There should be no problem in releasing Hang Seng Bank. The He family has relatively strong support for Chinese-owned enterprises in Hong Kong.
But their control is stricter, so under the same conditions, the loan amount is definitely not as good as that of Liao Chong Hing Bank.”
"Haha, this is normal. There is no reason to want both." Yang Wendong smiled and said: "Then open an account at Hang Seng Bank first, and the funds will be transferred slowly."
Hua Among all the investment options, the best choice area is Hang Seng.
"Okay." Wei Zetao agreed.
After a while, Yang Wendong said again: "As for HSBC, let's open an account first. There is no harm in opening it in multiple banks!"
......
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(End of this chapter)