The difference between banks and investment companies is... there is no essential difference, they are both in the business of making money from money.
The only difference is that banks give money to others and let them manage and operate it, while investment companies manage and operate their own business, so the sense of responsibility is different.
Another reason is that banks have a historical reputation. In people's minds, banks are unlikely to go bankrupt, while investment companies are just companies and have the risk of closing down.
Therefore, running an investment company requires managers to be more attentive.
At this time, what Li Cheng had to do was to make Yang Hong change his mindset and transform from a bank executive to a businessman.
"Doing business is risky. No matter what kind of business you do, there are risks..."
Yang Hong agreed with this very much and nodded frequently after listening to Li Cheng's words.
"Let me put it this way. When you were the head of the credit department at the branch, no matter how much money you lost, no one would touch you. Because you were following orders, and someone would cover your losses..."
Yang Hong nodded and thought to himself that this was indeed the case. Every loan he made, no matter what the final outcome, had nothing to do with him.
However, after working as the director of the credit department for more than ten years, the saddest thing I did was to clean up other people's messes. I had to beg everyone for payment of all the historical bad debts, no, I had to beg for the interest, which made me feel like a grandson who owed money.
Damn it, it turns out that the one who owes money is the second uncle. This can never happen again. I have to make those who don't pay back the money the same as my grandson...
Yang Hong was overthinking it. These days, the relationship between grandfather and grandson is reversed.
"Mr. Yang, the key to running an investment company is risk avoidance. Without risk, there is no profit. As the saying goes, 'Fortune and honor are sought amidst danger.' This saying is most apt for our investment company. Yes, we must seek fortune and honor amidst danger..."
Yang Hong understood and knew that he would have to work hard in the future. However, the salary Li Cheng offered him, as well as the future commissions and dividends, made Yang Hong feel that he didn't mind working himself to death.
For a moment, Yang Hong felt like he was on a pirate ship.
"Mr. Li, I understand. I'll go to the seafood market in Shibaqu Alley now to see how things are going there and see if I can get those vendors to move to our seafood market."
After saying that, Yang Hong stood up.
Li Cheng gestured for him to sit down, then smiled and said, "There's no rush. Once we've built the market near the light bulb factory, we're not worried about a lack of business! What you need to do now is to start construction quickly, get the construction company's people in as soon as possible, and try to complete the main structure within three months. The other ancillary facilities can be built while the business is still running."
Yang Hong nodded and said "OK", then asked Li Cheng if he had any other instructions.
Li Cheng added, "Mr. Yang, the seafood market is our investment company's first investment, so it can only succeed and not fail."
Yang Hong stood up, nodded solemnly, and said, "Mr. Li, don't worry. The money for our investment company was raised by us one by one. Those who are willing to invest in us only give their money to us out of trust. I will definitely not let everyone down. I will make the seafood market a success even if it costs my life."
Li Cheng also stood up and said with a smile, "Boss Yang, there's no need to be so cautious. Just focus on your work. Besides, you're not old. You're in your prime, the golden age for doing things. I believe you can do it well. Don't be afraid. I'll take care of everything for you."
These words touched Yang Hong, and he felt that their ages had dropped, as if Li Chengcai was in his forties and he was the young man in his twenties.
Let yourself go, Yang Hong walked away with confidence as if he was back to his twenties.
After Yang Hong left, Li Cheng called the light bulb factory and told them that the special loan they applied for for product conversion had been approved.
How could Li Cheng inform them of such a thing? That's right, it should be Li Cheng who informed them.
Because Li Cheng is now the deputy director of the branch's credit department, in brackets, and is in charge of the work.
Everyone believed that it would not be long before Li Cheng would be the new director of the branch's credit department.
But Li Cheng actually had no interest in the director of the credit department. This was a job that would make people lose their hair all day long. Li Cheng was afraid that his hair would eventually become like Yang Hong's, who was wearing a wig at a young age.
Another reason why Li Cheng didn't want to go to the credit department was that Yang Hong resigned and he took his previous position right after, which could easily cause Yang Hong to misunderstand.
Fortunately, Yang Hong knew Li Cheng very well. He knew that although Li Cheng had done some things to poach people behind the scenes, he would not try to get rid of him just to become the director of the credit department.
He believed that if Li Cheng really wanted to be the director of the credit department, he would definitely promote him to a higher position, and then Li Cheng would become the director of the credit department.
Yang Hong had evidence to support his thinking. When Yan Hua was deputy director of the office, it was Li Cheng who helped her become director. Then, in front of everyone, Li Cheng reluctantly became deputy director.
Li Cheng was unwilling to let others suffer losses, and Yang Hong knew this. He had the ability and methods to achieve his goals, but he never used these abilities and methods to bully others. This was Li Cheng's personality.
Therefore, after learning that Li Cheng went to the credit department, Yang Hong not only did not feel disappointed, but instead felt that the branch leaders did a good job.
Among these departments in a branch, the credit department plays a very important role. Especially at this time, when many companies are facing unprecedented challenges, the work of the credit department is even more important.
It can be said that the credit department plays a key role in determining whether the real money lent out in the past was ultimately wasted or played a real role in the loan.
It seems that the credit department is responsible for all financial gains and losses!
In a sense, this is indeed the case. In the past, Yang Hong listened to Li Cheng's advice and tried his best to avoid loan losses, so he acted conscientiously.
However, when he resigned, he discovered that his conscience was worthless in the eyes of some bigwigs.
Yang Hong knew that another branch of the municipal branch had adopted a "lay flat" approach when handling a loan for a business unit in financial difficulty, which ultimately resulted in tens of millions of dollars in loans being wasted.
What made Yang Hong most angry was that the director of the credit department of that branch was promoted and became the vice president.
As far as Yang Hong knew, the business unit had not yet reached the point of bankruptcy and could still be saved.
Yang Hong believed that this business unit could be saved whether it was in his hands or in the hands of Li Cheng.
At the very least, the bank loan can still be recovered to some extent, instead of the current situation where the business unit declares bankruptcy, gets rid of all debts, and then hangs a new sign in the same place to continue operating.
Damn it, this is a blatant poaching of the country!
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