This is chapter 254; the title is wrong. (Sorry, I just got back and haven't had time to fix it yet. I'll take a look and try to correct it tomorrow. My apologies everyone.)
Hainan Holdings is just one company that controls many of its own enterprises; in reality, it's essentially Xing Baohua's personal wallet.
If we let people in, wouldn't that be sharing our wallets?
Therefore, his slight shaking of his head displeased the young masters present.
Investing in him is already a favor; if someone only likes to keep everything to themselves, they are destined to be ganged up on and destroyed.
Even though Xing Baohua is not short of money now, he still lacks a lot in terms of resources and connections. So the only way to integrate into the upper circle is to offer some benefits for everyone to share.
This way, others can share resources with you, which is commonly known as "everyone making money together".
Xing Baohua lit a cigarette and said slowly, "If you all trust me, let's start a financial services company together. This company will have an online payment system in the future. Of course, we'll have to acquire a bank first."
People clearly weren't interested in banks. If they were interested in online payments, it was because they were impressed by Hainan Holdings' strength—it was incredibly profitable.
If Xing Baohua were to encourage them to start another business, then the risks would need to be considered.
Young Master Zheng chuckled and asked, "How do you address the security of your online payment system?"
"This is a long story, so I can only briefly tell you about the feasibility of this plan."
He picked up the cup beside him, took a sip of water to moisten his throat, and continued, "Online payment brings many benefits; it's a long-term way to make money. And the benefits are numerous, many more."
Let me give you an example: online shopping malls. For people who often work overtime, going to the store takes a long time. Online shopping malls allow those who don't have time to go to the store to shop online. They can do it all through an electronic payment system, and the goods can be delivered to their home or office, depending on their needs.
Of course, food, drinks, accommodation, and transportation are all covered. For example, when we go somewhere, we can book hotels, flights, taxis, etc., directly online. We don't need to call to order takeout; we can just look at pictures and choose what we want to eat.
Xing Baohua explained the consumption concepts of Meituan, Didi, and group buying to everyone. This electronic payment method is so convenient.
When discussing topping up, Xing Baohua said that it can be done by linking a credit card or purchasing a prepaid card at a convenience store. It also involves linking an ID using a passport or national ID card. The question then arises: can verification codes be received via landline, mobile phone, or pager?
These are all security safeguards, and we're looking for a large insurance company to provide guarantees. If no insurance company is willing to provide guarantees, then we'll acquire an insurance company.
Xing Baohua said that in the future, the company will have the following branches: financial services, online e-commerce, online food delivery, and online ride-hailing. It can leverage the convenience of private cars along the same route, resulting in lower prices and other advantages.
Regarding how to calculate the distance, Xing Baohua also mentioned that the Starlink system that he and his motorcycle team are about to develop can achieve satellite navigation. Professional navigation equipment is installed on the vehicle, and the distance and fare are calculated through the computer chip in the equipment.
As for some details, Xing Baohua said he would tell everyone when he had time later.
E-commerce stores need delivery services, so logistics companies are built not only to deliver packages to their own online stores, but also to deliver items to people who need to mail them, thus making full use of logistics.
Furthermore, Xing Baohua told everyone that the biggest advantage of online shopping malls is their diversified model that eliminates rent and miscellaneous fees. This can make them 10%-30% cheaper than physical stores.
Then there will definitely be a lot of people buying it.
Don't be fooled by the glamorous appearance of these young masters. In fact, they have a wide range of knowledge and have all received professional training and education. They have obtained diplomas in finance and management, and their families have given them a company to train in.
Everything Xing Baohua talked about seemed beautiful and distant, yet it felt very close to them.
“Once this company is established, the initial investment will be huge. We can’t sustain it with our own money, so we can only raise funds through an IPO. Each of these companies can be spun off and listed separately.” Xing Baohua said this, and smiles appeared on the faces of the many young masters.
Once a company goes public, the investment will be rewarded.
Whether Xing Baohua is a concept or an actual business, as long as it goes public, it will be worthy of the many shareholders who have invested.
In fact, Xing Baohua didn't mention much more, but it's simply beyond the reach of current technology; mentioning too much would just make it seem like a fantasy. Right now, everyone listening felt it was all just a fantasy.
When asked when Xing Baohua would start a company, the four young masters all said they were following suit.
Several other young masters I didn't recognize also said they wanted to invest.
Of course, this is not the time to discuss Seagate and how much investment to make. They need to bring professional personnel to evaluate Xing Baohua's plan.
According to Xing Baohua's plan, it would be very difficult to get started without more than a billion yuan.
The eldest son of the Chao family said to the eldest son of the Zheng family, "Tomorrow, ask the people at the Financial Bureau how much money Hang Lung Bank would need to buy it."
“That bank has a lot of bad debts, it would be very difficult for us to take it over and manage it,” Young Master Zheng said, shaking his head.
As Xing Baohua listened, he felt as if the bank had collapsed, and looked at Young Master Zheng with great confusion.
Young Master Zheng explained to him that a few years ago, this bank was involved in paper gold trading. It wasn't linked to real gold; it was just a conceptual way to raise money.
The money raised through fraudulent means was used for lending, resulting in a large number of bad debts. If gold prices didn't rise, it wouldn't be so bad, but once they did, many people wanted to cash out their positions, causing banks to be unable to make payments.
A chain reaction of problems led to a bank run, resulting in the bankruptcy of Hang Lung Bank, which was then taken over by the government and placed under the management of the Financial Services Bureau.
Young Master Jiacheng said, "If the price is right, we'll buy it. What we need is their financial license."
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