"Don't be afraid, don't be afraid." Chen Chen said, "Now that the bank is ours, we can put all our company's money in a commercial bank and handle the workers' wages through the commercial bank. This way we can also make some money. We can also let the suppliers we work with handle their business. It will also make a lot of money every year. Our investments and engineering projects all go through commercial banks. Next, we can borrow money from our own bank and let the bank make money first!"
Using your own bank to earn your own money is a truly impressive feat, but the bulk of the bank's profits still rely on bonds, and then setting up a few investment funds should be no problem.
"We will do small loan business in the future!"
"What?" Chen Fei was shocked. Is my son going to use the bank to borrow money at high interest rates?
Isn’t micro-loan just usury? Chen Fei was stunned.
Chen Chen hadn't reacted yet: "Yes, it's the small loan business!"
Fade Chen quickly said, "Son, usury is illegal!"
"What usury!"
"Aren't you going to do micro-loans?"
Chen Chen was silent for a moment, then shook his head. "Dad, the small loan business I'm talking about isn't the usury you mentioned. There's a wave of layoffs right now. So many workers in Qianlong have been laid off, so many are out of work. What are they going to do? Of course they need to start a business. Doesn't starting a business require capital? We can lend them money!"
"Laid-off workers are able to endure hardships and have no problem finding jobs in catering and transportation, but they lack access to loans. It's difficult for them to obtain loans from major banks individually, so this is a good deal for us!" Chen Chen said, "With slightly lower interest rates and smaller loans, this business is viable and the easiest to pursue. It can provide us with a stable market."
If I open a shop now and run it for ten or eight years, I'll be a small business owner, right? I can even get a loan from myself to buy a house. Isn't that great? Right now, I'm just cultivating the market, not taking advantage of the people. I'm just being a good person.
"Will this work?"
"Dad, please remove the "?", it's okay." Seeing Chen Fei's guilty expression, Chen Chen waved his hand and said, "Improve your service. Even though this kind of loan is only a small amount, it adds up. The key is to build a good reputation. Even if such a loan cannot be recovered, at most thirty or fifty thousand is not a lot. So what if we don't want it?"
"Qianlong has a population of four million, and at least one million of them need such loans. As long as half of them recognize our services and 500,000 people are willing to use our bank, we will become rich. We can get car loans, mortgages, consumer loans, and business loans. What's so scary? If you don't pay back the money, you will be arrested and forced to work for us, and the money will be deducted from your salary. You can never be a deadbeat debtor." Chen Chen said cruelly.
【If you dare not pay back your debts, you will be beaten to death! 】
This is how it's done in the early stages. Once you have more capital, you can start using online loans. I'll use a regular bank to run online loans and put those loan sharks to death. So many people are willing to borrow money online, but they don't pay it back. Most people borrow money in installments, but the interest rates are horrible. I'll use the cheapest interest rates and still not kill those online loan sharks. The greatest value of a regular bank isn't its financial resources, but its reputation.
[In terms of finance, we're ahead of Mr. Ma now... Old Ma, you're almost out of date.]
Chen Chen was fantasizing about the future crazily, while Chen Fei quietly watched his son pretending to be cool, feeling quite uncomfortable.
It turns out there are so many loans available. Chen Fei only knows that he can get a loan to buy a house, but are car loans, consumer loans, and business loans also available?
Chen Fei suddenly felt like he had learned something new: "If farmers don't have money to build houses, can we get loans?"
"Loan it. The interest can be lower. Dad, I still believe in the credibility of farmers. We can even go to the countryside to invest in farmers and engage in agriculture. Agricultural loans!" Chen Chen said.
[Twenty years from now, agriculture will be very expensive and a promising industry, right? Everyone says we need to ensure our livelihoods, but it's not going so well right now. But if farmers want to build greenhouses or something, what are the loans available?]
"Developing customers and the market is the key. Don't worry about the small amount of interest you earn right now." Chen Chen said, "Our commercial banks have deposit limits, so from now on, we won't accept any deposits that aren't large. We want to set an example. Those who deposit money with commercial banks are considered wealthy. We want customers to be proud to have deposits with us!" Chen Chen said, "Commercial banks are high-end banks. That's how it is. Of course, we're in the early stages of development now, so anyone can deposit money. We won't be so particular about it in the future."
Is Qianlong Commercial Bank a high-end bank?
High-end shit!
Chen Fei thought to himself that if this bank was not close to the factory and had an office nearby, he would definitely not cooperate with a commercial bank. He had never heard of it before.
"Then I'll let you take care of the bank's affairs?" Chen Fei thought to himself that Chen Chen had more ideas and understood more than he did.
It's not that he doesn't know the importance of banks, but he really doesn't understand finance, so he lets Chen Chen try it first. Besides, with talents like Hui Hongfang, Chen Chen should be able to do it.
"Okay!" Chen Chen completely agreed.
I'm going to work at the bank soon. My office has air conditioning in the summer and heating in the winter. Isn't that great? Now that the weather is getting colder, it's freezing even sleeping in the warehouse at night.
Chen Fei and Chen Chen had discussed it and decided to leave it alone. He would still be responsible for the business!
No matter how good a bank is, it cannot give people the peace of mind of an industry, which is visible and tangible.
In the evening, Chen Chen, Chen Fei and Fatty had dinner together. After a while, Du Li and Zhang Zhiguo came over.
In the afternoon they went to the Hongqi Factory to inquire about the news, and now they have received a reply.
Du Li said, "Those bosses want the factory to agree to sell Warehouse No. 4 in the city to them."
Chen Fei and Chen Chen looked at each other and realized it was indeed the case. The key was that the leadership of Hongqi Factory thought it was a good idea. They hadn't been able to pay any wages this month, so buying the warehouse would give them the money to pay wages.
"Our factory director Zhang Rihua seems to have agreed, and several deputy factory directors have also agreed. Can Chen Fei sell this warehouse?" Du Li asked.
She didn't understand at all. Selling the land and paying the workers seemed good, but she felt something was wrong.
"What do you workers think?" Chen Fei did not answer the other party immediately.
Zhang Zhiguo thought for a moment and said, "Now that many people in the factory know about this, they all think this is a good idea. The warehouse in the city has been useless for a long time and is just sitting there anyway. If we sell it, we can use the money to pay everyone's wages."
Chen Fei smiled. He was not surprised. The workers might not know what Warehouse No. 4 meant to the Red Flag Factory. Everyone just wanted to get their wages and were somewhat blinded by the immediate benefits.
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