Return to 78: Why are all the Americans panicking about doing scientific research?
Chapter 151: 3-in-1, building factories in the mainland
Wang Lei only said that his uncle suffered heavy losses in futures investment, but did not say the specific amount.
Losing 400 million in one go, how come people in the capitalist society are so rich?
At this moment, Bai Ru's mind went blank.
For her, let alone 400 million, even 40,000 is an astronomical figure.
"Mr. Lin, I'm sorry to meet you in this way."
Shortly after graduating from university, Wang Lei suddenly became the head of a company. However, he had not yet developed the basic business qualities of speaking differently to different people.
As soon as they met, Wang Lei took the initiative to tell Lin Kaifeng about his difficult situation without waiting for Lin Kaifeng to ask.
I implore Lin Kaifeng to help him contact Andrew for the sake of the fact that we are all Dragon people.
As long as we can get through this difficult time, Wang Lei is willing to invest a large amount of money in the country.
We repay Lin Kaifeng's help by building bridges, roads, and schools.
The internal and external troubles faced by the Wang family can ultimately be summed up in one word.
money.
Without bank loans, the garment factory with more than 2,000 employees is likely to face bankruptcy.
"I can help you contact Andrew, and I can also persuade him to use my personal influence to get the foreign banks in Hong Kong to lend money to your clothing factory."
"But this can only treat the symptoms, not the root cause."
Lin Kaifeng sat on the sofa and said earnestly: "Your uncle withdrew a large amount of operating funds to buy oil futures, which led to the collapse of the capital flow of the garment factory."
"Now that you are in charge of the garment factory, are you confident that you can bring back the customers that were lost before?"
"Even if you can bring old customers back, do you have enough leverage to ensure that British banks will not collect the loans in advance?"
Faced with the two questions raised by Lin Kaifeng, Wang Lei was speechless.
Lin Kaifeng said: "Hong Kong is a very realistic capital society. Financial institutions only care about money and not people."
"They give out umbrellas when it's sunny and take them away when it's raining. The worse your company's situation is, the more they will make it worse."
"Andrew can use his noble status to influence British banks to lend you money, but getting this money does not mean that the garment factory can sit back and relax. There are always situations where the powerful dragon cannot suppress the local snake."
Lin Kaifeng hit the nail on the head.
The Wang family is an outsider family in Hong Kong City. Not only is their foundation unstable, but their network of contacts is also pitifully few.
If he really had other connections, why would Wang Lei contact Lin Kaifeng for help?
"The clothing business is one of the lifeblood industries of Hong Kong City. There are countless local entrepreneurs engaged in this business. Do you think they will take advantage of the situation?"
"Your company has no ability to resist risks. If there is any disturbance, the British bank will immediately withdraw the loan. Have you considered these issues?"
Wang Lei shook his head with a bitter expression.
I thought that with the bank loan, I could revive the garment factory.
I never thought that having money might not be able to solve all my problems.
"Mr. Lin can see these problems, so he must have a way to help me solve them, right?"
"If the garment factory fails, my uncle in the hospital will definitely be devastated. If he is gone, I will really become an orphan..."
Wang Lei's eyes turned red with anxiety.
My uncle was injured during the war and ended up being childless for the rest of his life.
Wang Tianci brought Wang Lei to the United States and treated him as his own son.
A lot of effort has been put into Wang Lei.
My uncle’s clothing factory was on the verge of collapse due to failed investments.
Once the garment factory went bankrupt, Wang Lei really didn't dare to think about it anymore.
A lifetime of hard work has gone to waste. No one would be able to bear it.
Wang Lei studied business administration, but he had just graduated not long ago.
Before that he had been working in middle management in a garment factory.
It's okay to be responsible for a certain business alone.
It was somewhat of a rush to take on the role of general manager all of a sudden.
But there is no way.
Uncle has already fallen ill. If Wang Lei doesn’t take over at this time, who else will help the Wang family?
"I do have an idea, but you don't have to be so bold."
Lin Kaifeng said.
"What's the idea?"
Wang Lei seemed to have grasped at straws.
Although it was the first time Wang Lei met Lin Kaifeng, it did not mean that he had no understanding of Lin Kaifeng.
After meeting Bai Ru in the morning, Wang Lei started to inquire about Lin Kaifeng and Northern Machinery Company at the Canton Fair.
You won’t know unless you ask.
Northern Machinery Company is a unique company among domestic enterprises.
Other domestic enterprises participating in the exhibition are all state-owned enterprises and companies.
Only Northern Machinery Company is a collective enterprise.
The company is responsible for its own profits and losses and operates through stock ownership.
Lin Kaifeng and the company's employees hold the majority of shares.
All business decisions are made by Lin Kaifeng.
The fact that collective enterprises can legitimately participate in the Canton Fair shows how strong Lin Kaifeng's abilities and personal connections are.
Lin Kaifeng's business partner Andrew is not only a businessman, but also a nobleman.
All kinds of people in Hong Kong, including dignitaries, had to give Andrew some face.
And just now.
Wang Lei has a new understanding of Lin Kaifeng.
Lin Kaifeng is absolutely right. The financial institutions in Hong Kong really give out umbrellas when it is sunny and take them away when it rains.
This is also the reason why Wang Lei couldn’t borrow money.
Everyone knows that the Wang family suffered heavy losses in oil investment and was only one step away from bankruptcy.
Borrowing money from the Wang family at this time is likely to be like throwing meat buns at a dog.
"Move the production factory, invest in building a factory in China, transport the production line, production equipment and raw materials to China, and start garment manufacturing."
After hearing Lin Kaifeng's proposal, Wang Lei looked embarrassed.
Lin Kaifeng’s meaning was very clear, he wanted to relocate all the garment factories in Hong Kong to the mainland.
There would be no problem in letting Wang Lei return the favor by investing in poverty alleviation in impoverished areas in the mainland.
However, there are too many uncontrollable factors when the entire factory is moved to the mainland.
What if it is confiscated?
Looking at Wang Lei's embarrassed look, Lin Kaifeng said patiently: "Don't worry, today's Dragon Country is not the Dragon Country when you left."
"Many absurd things have been corrected."
"Moving your clothing factory to the mainland will, first of all, save you a lot of personnel expenses."
"The labor costs in the mainland and Hong Kong are completely different. You won't deny this, right?"
Wang Lei came from the mainland, so he certainly knows that the labor cost in the mainland is almost zero.
Even for an eighth-level worker or a leading cadre in a large state-owned factory, the monthly salary is only a few dozen to a hundred yuan.
In a port city, even an ordinary production line worker earns a few hundred yuan a month.
Lin Kaifeng continued: "In order to attract investment, the country has just issued the "Three-in-One-in-One" policy."
“What is the three-in-one supplement?”
Wang Lei asked puzzledly.
"The three-in-one" refers to processing with supplied materials, processing with supplied samples, and assembling with supplied samples.
"As for the compensation, it's called compensatory trade."
Lin Kaifeng told Wang Lei the specific contents of the "three-in-one" policy in detail.
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