In fact, Chen Xia had already played a trick. This time he paid in RMB instead of foreign currency.
Because the profits of Pumpkin Vine Yuezhou Pharmaceutical Factory are too high and it has an exclusive monopoly, even though Chen Xia has already adopted a low-price policy, the profit in a year exceeds 300 million yuan.
In theory, such a large amount of money can be converted into foreign currency and then transferred abroad.
But at this time, China's foreign exchange reserves are only 2 billion, and you want to exchange almost 100 million US dollars out of it all at once? No matter how you look at it, this seems like kicking someone when they're down, making things worse, right?
As a patriotic Hong Kong businessman, we cannot do such things. Profits must naturally develop in a rolling manner and remain in the country.
Chen Xia was even prepared to use overseas reserve funds to purchase the 20 new production lines.
If you want to convert profits into US dollars and transfer them abroad, you have to wait a few more years. Starting from the 1990s, when exports earn more foreign exchange and foreign exchange reserves are not so tight, it is also the time for capital outflow.
It's okay if the money doesn't flow out. You can learn from that wicked guy and store all the money in land resources in the country. But I'm afraid Chen Xia has the appetite for it, so others won't give you this opportunity.
As for now, it was still 1986. What was the point of all that money? How was it to be spent? Land transactions were still not allowed, and Chen Xia didn't understand stocks.
The Shanghai Stock Exchange established a securities market in 1984 and issued its first stock, "Feile Audio".
But Chen Xia had no idea how much it would rise or fall. He had never paid any attention to this kind of knowledge in his previous life, and now he was at a disadvantage.
Even if he ignored everything and rushed in with hundreds of millions of RMB, it would definitely cause abnormal stock fluctuations. The total market capitalization is only a few hundred million RMB. You put in 300 million RMB?
That would definitely prompt the relevant central authorities to intervene and stop it. How could you possibly do that? A few hundred thousand would be fine, but hundreds of millions, are you really going against the grain?
Therefore, Chen Xia's investment has always been very rigid. For example, he has always asked Yan Jinqie to purchase jade in Ruili Tengchong, asked Ying Yuanyue to purchase antiques in the capital, and asked his uncle to continue to purchase wild ginseng in the Northeast.
They tried to purchase as many precious Chinese medicinal materials as possible from other regions, and even Tong Ren Tang's Angong Niuhuang Pills and tiger bone wine had been plundered several times.
Even so, the money still cannot be spent.
You can buy US stocks, gold, foreign liquor, and luxury homes abroad, but you don’t have to think about these in China.
Buying 4 factories for 60 million, is this a loss-making business?
It seems like a huge loss in the short term, but in the long run, it is a huge profit. At present, the land of several large factories in Yuezhou City has almost fallen into Chen Xia's hands, and even the staff community has reserved land.
Quietly, when no one else was paying attention, he quietly became the largest landlord in Yuezhou.
To buy the four textile factories, Chen Defa or Chen Shuqin nominally needs to sign the contract. At the same time, the management of the textile factories, printing and dyeing factories, and garment factories need to be transferred from Hong Kong.
Mr. Chen Defa originally worked in a garment factory. The local market in Hong Kong is very small, and the main business is export trade, so there are a lot of talents in this area.
In recent years, with the economic crisis and industrial relocation, there has been an oversupply of management talent in this area in Hong Kong, so Mr. Chen Defa quickly formed a management team.
Some of them are old subordinates, some are transferred from the eldest son-in-law’s clothing factory, and some are introduced by relatives and friends.
When the old man heard it was his grandson's business, he naturally had his sights set on it. He didn't know much about running a pharmaceutical factory or selling jewelry, but textiles and clothing were his specialty.
But relying entirely on the Hong Kong team for management is not a solution, because they are too expensive, especially since their salary has increased by almost 50% since they came to the mainland.
The cost-effectiveness is too low, but we can't recruit people without salary increase. The mainland now looks like the African desert in people's eyes.
Chen Xia thought of two old friends.
One is Yu Deshui.
Yu Deshui can be said to be the first friend Chen Xia met since his rebirth. Later, after the Chen family moved from Ke Town to the urban area, the plum garden was sold to him. The two have had a good relationship over the years.
After years of contact, Chen Xia knew that Yu Deshui was not an ordinary guesthouse manager. He was a very smart and sociable person. At least his management ability was definitely stronger than Chen Qiaogu's.
In the original history, after the rise of "China Textile City", Yu Deshui first resigned from his job to sell cloth, and later opened the first high-end hotel in Ke Town. He was also a well-known wealthy man in the local area.
Chen Xia wanted to give him the position of Chinese manager of the textile factory.
Kezhen Guesthouse.
Chen Xia walked on the familiar old street of Ke Town, feeling filled with emotion.
When he walked on this old street for the first time after being reborn, his mind was completely confused. At that time, he felt like an outsider, like a member of a tour group.
The fact that he ordered five meat dishes at the Kezhen Hotel earned him the reputation of a prodigal son.
Six years have passed in a flash, and Chen Xia is no longer the country bumpkin who stole food and sold rice in the provincial capital to feed his family.
Yu Deshui just came out of the guesthouse and saw Chen Xia strolling on the other side of the river. He quickly shouted:
"Xiao Xia, why are you here?"
"Looking for you, the big manager."
The two met and laughed for a long time. Yu Deshui said with emotion:
"What big manager? It's just such a shabby place. I've been thinking about starting a township enterprise lately. What do you think of a weaving factory?"
Chen Xia nodded. "The weaving factory is great. That's why I came to Ke Town to find you. My grandfather has acquired Yuezhou's First and Second Spinning Mills, the Red Flag Mill, and the Zongheng Mill to form a wholly Hong Kong-owned company. I'd like to ask you to be the Chinese manager. What do you think?"
Yu Deshui dropped the cigarette in his hand.
"What...are you...kidding? You're really...making fun of me."
"I'm not kidding. Do you think I came to you during my free time just to drink? I have so many things to do. Anyway, this guesthouse is really unfair to you, brother. You are definitely qualified to be a Chinese manager in a foreign-funded enterprise."
"real?"
"Really? And I can guarantee that the annual salary is at least 100,000 yuan. Do you want to do it?"
Chen Xia knew that using emotions to trick others into joining the team was the most shameless thing. Why should you sacrifice other people's future to fulfill your dream?
Whether friends or relatives, there must be benefits in the relationship, otherwise it will not last long. Chen Xia's annual salary of 100,000 yuan is enough to tempt Yu Deshui.
You have to know that his annual salary plus extra income is only more than 2,000 yuan a year, and this is almost N times his salary. Only a fool would not do it.
Yu Deshui's face was gloomy and uncertain, and he was obviously thinking. After about half an hour, he finally made up his mind:
"Fuck, I'll follow you."
In 1986, resigning from public office meant no more state-funded pensions.
In those days, those who were able to take the plunge and bravely ride the wave of the times almost all became wealthy people later on.
Yu Deshui was very determined this time.
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