Extraordinary Genius
chapter-661

Extraordinary GeniusChapter 661 – Huh? Setup a bank?

“Old Li, do you think we should buy shopping cards for the Mid-autumnFestival and National Day holidays? Do our company have spare cash?”

“it’s fine. But the cities where our factories are in do nothave Tai Hua Supermarkets. The workers will not be able to use those cards.” LiMingde replied.

“You can decide about this by yourself. Anyway, I heard thatour workers are unhappy about getting the usual items. Oh, you can also givethe workers shopping vouchers from other shopping malls. But don’t worry. Bynext year, those cities where our factories are located will have Tai HuaSupermarkets. I will let the person in charge of Bing City speak to you. Youcan also recommend him to other companies.”

Feng Yu would definitely support this shopping cards. Allhis companies will be giving our holiday gifts to the workers, and Feng Yuwants them to replace the gifts with shopping cards. His main priority now wasto raise cash for Tai Hua Supermarket. This way, Tai Hua Supermarket can get a higherloan amount at the end of the year.

In this era, to get a bank loan, connections, and the cash flowfor the past 3 months were required.

Now, Fu Guangzheng and the rest were scouting for suitablelocations again. Once again, Feng Yu had nothing to do. He only needs to sit inthe Beijing Headquarters. But if there were any issues at Tai Hua Supermarket,he will have to settle it.

A Deputy General Manager knew Feng Yu had a lot of companiesand approached him to ask him to buy or reserve some shopping cards. As long asthe money enters the accounts, then the banks will take note of it. This willalso set an example to other companies and increase the sales of shoppingcards.

Feng Yu agreed. All this while, his workers had beenreceiving excellent benefits and welfare. It might not be the best in China,but it should be one of the top few companies. Feng Yu also realized oneproblem. His companies were too scattered around China. It was still okay forthe factories in the outskirts of the cities. But what about the factory inGuancheng? How are the workers going to use Tai Hua Supermarket shopping card?

Ride a train to Shenzhen or Guangzhou to visit Tai HuaSupermarket and then ride a train back?

But Fu Guanzheng had started sourcing for a suitablelocation in Guancheng. He believes that the population of Guancheng willincrease and will become a top industrial city in the future.

Factory workers’ lives were tough, and most of them werethrifty. They like to save money by getting cheap items. They do not mindtraveling a long distance to buy items only to save 10 or 20 cents.

Feng Yu continued to make phone calls.

“Manager Liu, I am Feng Yu. Are you in Beijing? I want toask you something. Does Lenovo give out gifts for the staffs during mid-autumnand National Day holidays?”

“Ah…… We give out mooncakes and fruits during the mid-autumnfestival and some groceries for the national day holidays. We also give outcash sometimes.” Liu Chuanzhi replied. He wonders why Feng Yu was asking himabout this.

“Mooncakes? Do you like to eat?” Feng Yu asked.

“It’s not about whether if I like it. It is a tradition. Wemust eat mooncakes during the mid-autumn festival and rice dumplings during theDragon Boat Festival.”

“What I mean is, do you think if cash or Tai Hua Shoppingcards is a better gift? The workers can go and get mooncakes themselves. I haveseen last month’s financial report. Our company is doing well. We must treatour staffs better.”

“Manager Feng, I know you have shares in Tai HuaSupermarket. You want to sell your shopping cards, just say so. There is noneed to beat around the bush. I will discuss with the rest and will buy a batchof shopping cards. Oh, you are in Beijing now? If you are free, can you make atrip to the company? I need to discuss something with you.”

“Ok. I do not have lessons this afternoon. I can go to thecompany.”

……

This was not the first time Feng Yu went to Beijing Lenovo.He does not like to come to the place. Liu Chuanzhi was too stingy. He did noteven allocate an office for Feng Yu here!

Fine. Feng Yu also do not work there. He did not even attendthe monthly meetings. He had only been to Beijing Lenovo once to look at theannual financial report in the meeting room. He left immediately after that.Most of the staffs there do not even know Feng Yu was the biggest shareholderof the company. They thought he was just Liu Chuanzhi’s relative.

Feng Yu arrived at Beijing Lenovo. The receptionist broughtthis “Mr. Feng” to the meeting room and left after pouring a cup of tea. If sheknew this “Mr. Feng” was the company’s biggest shareholder, she would not showthis attitude.

“Manager Feng, you are here. Do you have spare money now?”Liu Chuanzhi entered the room and asked.

Feng Yu looked at Liu Chuanzhi curiously: “What’s wrong? Thecompany is short of cash? But I saw last month’s report. It is doing well. Isthere someone selling off his shares? How much? I will buy it.”

Feng Yu will surely buy Lenovo shares if anyone sells it.Lenovo PC business was getting better, and after Win95 is introduced next year,PC will be easier to use. That’s the time when PC became popular all over theworld. All government agencies, banks, companies, etc. will be purchasing PCsin large quantity. That’s the opportunity for Lenovo to take over the ChinesePC market.

Also, Lenovo PCs were equipped with optical drives muchearlier than Feng Yu’s previous life. It was not an ordinary CD drive. LenovoPCs were fitted with VCD drives. With just this feature, Lenovo PCs will beselling like hotcakes.

This was the time for Lenovo to shine. Why would anyonechoose to sell their shares now?

“It is not anyone selling their shares. It is some entrepreneurswho want to set up a non-government bank. One of them is my friend. He asked meto contact you. He wants you to join them. Are you interested?”

Set up a bank? Damn! These people were crazy.

But Feng Yu suddenly remember that in his previous life,there was a non-government bank set up in China. Could this be that bank?

“I am interested. But can you let me know who the ones arein this partnership? Also, can they get all the approvals, and will the higher-upsagree?”

“The Central Government supported this. If not, I will alsonot ask you. The ones who suggested this are well known in the business circle.They are New Hope Group’s Liu Yonghao, Oceanwide Holdings’ Lu Zhiqiang, ChinaLife Insurance Company, Giant Interactive Group’s Shi Dazhu and a few more. Allthe companies and people involved are reputable.” Liu Chuanzhi explained.

“Then how did they know about me?”

Feng Yu was also curious. He had not met most of these peoplementioned by Liu Chuanzhi before. The only person he met once was Shi Dazhu,but they did not even speak to each other.

“Actually, it is Lu Zhiqiang and Liu Yonghao who approachedme. They want to invite Lenovo to join them and let us take care of the bank’ssoftware and systems. But this is a crucial time for Lenovo. All our funds havebeen invested back into the company, and we do not have spare funds to investin the bank. But I think this is a good opportunity. So, I recommended you tothem. I think in terms of finances, you should be one of the richest amongthem.”

Liu Chuanzhi had been guessing how much money Feng Yu has.Although he did not have any figure in mind, he knew Feng Yu was the thirdbiggest shareholder of Microsoft.

Feng Yu also owns factories and companies all over China. Heshould have lots of connections. If Feng Yu joined this venture, then the bankshould be able to develop smoothly. This was the reason why Liu Chuanzhi calledFeng Yu over to tell him.

“What will be the name of this bank?”

“China Minsheng Bank!”

Translator’snotes:

Guancheng

https://en.wikipedia.org/wiki/Guancheng_Subdistrict

Dragon BoatFestival

https://en.wikipedia.org/wiki/Dragon_Boat_Festival

Mid-AutumnFestival

https://en.wikipedia.org/wiki/Mid-Autumn_Festival

Liu Yonghao

https://en.wikipedia.org/wiki/Liu_Yonghao

OceanwideHoldings

https://en.wikipedia.org/wiki/Oceanwide_Holdings

Lu Zhiqiang

https://en.wikipedia.org/wiki/Lu_Zhiqiang

China LifeInsurance Company

https://en.wikipedia.org/wiki/China_Life_Insurance_Company

Shi Yuzhu

https://en.wikipedia.org/wiki/Shi_Yuzhu

ChinaMinsheng Bank

https://en.wikipedia.org/wiki/China_Minsheng_Bank

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