Chang Xiaohu: "The threshold for bank loans is not high, and the interest rate is not high either."

Borrowing money from a bank is like borrowing money to make money.

When Jiaren Real Estate wanted to buy more land, our group didn't have enough funds, so I took out a mortgage loan.

886 acres x 800,000 ...

Song Yan estimated that the profit would be around 700 million.

Song Yan: "What about Sihai Real Estate? How much land does Sihai Real Estate currently own?"

The legal representative of Sihai Real Estate is Gu San, but the person who actually selected and bought the land is Yueyue.

Most of the land prices were negotiated between Lao Zeng and the government.

The funds were basically controlled by Chang Xiaohu.

Looking back now, Chang Xiaohu realizes that he accidentally bought too much land.

Chang Xiaohu: "Sihai Real Estate doesn't have as much land as Jiaren."

Jiaren Real Estate has already used more than 100 mu of land for its development project, leaving 886 mu remaining.

Sihai Real Estate hasn't built any houses yet; it currently covers 734 acres.

Song Yan: Is this considered a small amount?

Are Sihai Real Estate and Jiaren Real Estate really going to take so much money out of Hainan Island...?

This is inviting trouble!

Thinking about how much money was involved, Chang Xiaohu felt uneasy.

Song Yan fell into deep thought for a moment.

The phone rang abruptly, startling the two of them.

Song Yan answered the phone.

"...Great, that's wonderful!"

Congratulations...

That's right, this is a celebration...

We invested in this project because we believe in its potential.

I have the right of first refusal for this patent, and I certainly won't give it up... Okay... then I'll head to Kyoto tomorrow...

Okay, goodbye! See you in Kyoto.

Chang Xiaohu also got the gist of it. As soon as Song Yan hung up the phone, he anxiously asked, "Second Sister-in-law, has the research institute produced any results?"

"right!

Fortunately, we now have a pharmaceutical company.

Tomorrow you'll come with me to Kyoto to discuss the price of purchasing the patent with a branch of the research institute.

Since we were an investor back then, there's definitely room for negotiation on the price.

I estimate their asking price won't be too high.

I think that if we had this collaboration, we could be considered to have become familiar with each other.

If they have any more projects that need funding, we can still invest.

Moreover, as an investment in scientific research, we must first focus on the input itself, as the return is unpredictable. "There are also many studies that yield no results, and in those cases, the money is simply wasted."

Chang Xiaohu: "Okay, Second Sister-in-law, I'll make the arrangements. We'll set off tomorrow."

That Hainan Island…

Song Yan: "This matter is not urgent; it won't be resolved in a day or two."

We'll discuss it on the way.

Song Yan remembers it was 1993, but he can't recall the exact month.

The state issued the so-called "Sixteen Articles".

The sixteen robust control measures include: strictly controlling the total amount of credit, raising deposit and loan interest rates and treasury bond interest rates, demanding the recovery of illegally borrowed funds within a specified period, reducing infrastructure investment, and clearing up all projects under construction, etc.

Monetary policy has been tightened across the board, and the real estate boom on Hainan Island, which had been thriving all along, has been cut short.

There was still plenty of time until 1993, and Sihai Real Estate and Jiaren had ample time to withdraw.

With so much money, it's possible for them to withdraw completely from the Qionghai real estate market.

I felt uneasy.

It can be said that as soon as they became capable of doing business, they began to donate to those in need.

They have always been giving back to the community.

As profits increase, this return can also increase.

Chang Xiaohu booked a soft sleeper berth.

He was accompanied by a secretary and two bodyguards.

Song Yan's bodyguard is Di Minxia.

After Di Minxia got married, Song Yan arranged for her to settle in Kyoto.

But Di Minxia refused; she wanted to follow Song Yan. Li Minxia's husband was willing to follow his wife's lead.

So Song Yan stopped interfering, and Di Minxia stayed by Song Yan's side.

The soft sleeper berth offers more privacy, making it a good place to discuss company matters.

Song Yan: "We have already made a lot of profits during the Hong Kong stock market crash."

Selling the land on Hainan Island will make our capital even stronger.

Therefore, I want to increase our efforts to give back to society.

Chang Xiaohu nodded quickly, agreeing to this.

Song Yan and Chang Xiaohu are the company's largest shareholders, and everyone especially trusts Song Yan's decisions.

Once they've decided on this policy, it can basically be implemented in this way.

Chang Xiaohu, representing Jiaren Group, discussed the patent transfer with the research institute.

Because Song Yan and his team sponsored the research and development of traditional Chinese medicine projects, they received approval from the relevant departments.

After purchasing the patent rights at a preferential price, Pengcheng Pharmaceutical Company immediately began production.

Song Yan received this benefit because of their initial sacrifices. They can't just stop there after getting what they wanted.

Chang Xiaohu, representing the group, told the relevant leaders that if any major research projects lacked funding, they could provide some support free of charge.

They are particularly willing to prioritize donations to research projects related to traditional Chinese medicine.

Their requirements were simple, yet very practical.

If a patent can be transferred to a private enterprise, they have the right of first refusal.

my country is in a period of development, and many scientific research projects are just starting out, requiring a huge amount of funding.

If a company is willing to sponsor it, that would certainly be a good thing.

Moreover, Jiaren Group's demands are not excessive.

Although there are no projects they need to donate to at the moment, there is a good intention to negotiate.

Chang Xiaohu saw that the desks and chairs in the offices of these veteran comrades were very old.

Many of them are clearly being repaired and patched before use.

The chair he was sitting in creaked with every movement.

The paint on the teacups used by the elderly comrades was peeling off quite badly.

Out of curiosity, Chang Xiaohu stayed at their cafeteria for lunch.

The food was really bland and lacked any oil.

Chang Xiaohu seemed to understand what his second sister-in-law was saying: the older generation of researchers had made great sacrifices, but they didn't care about any reward.

Chang Xiaohu chatted with their office director for a while.

They found out exactly how many offices and desks and chairs were in that branch campus.