Tonight we'll go to the shore of Taihu Lake to eat Taihu hairy crabs.
The hairy crabs are at their fattest and most delicious in August and September; if you don't try them now, the season will be over.
During the meal, Director Min also wanted to invite Xing Baohua to visit or inspect some local enterprises, such as this institute and that institute.
In fact, Xing Baohua understood that these organizations were definitely aligned with his company and wanted to attract some funding and technology, or even seek cooperation.
It's not that it's impossible, but the timing isn't right yet, and more importantly, I don't want to put on a show of wealth beyond my means.
The reason is still money; too little is embarrassing, too much is not. And there's no point in trying to fool anyone.
In fact, Xing Baohua was also waiting for an opportunity, that is, when the market is completely open and free, and private enterprises have fully taken off, so that he can support some enterprises as his downstream chain.
The supply chains for rice and car manufacturers are currently sufficient, so there is no need to expand production.
Product oversupply means low prices, and low prices damage the brand.
IBM and Motorola sold their brands for three to four billion dollars. Therefore, the value of a brand often exceeds its use value.
If you can't keep up with the times, even the most nostalgic person won't want to spend money.
Therefore, building a brand is difficult; the difficulty lies in surviving to have value.
Nokia went bankrupt, but they released a lot of reissue models, which, frankly, were just catering to nostalgia. But as times have changed, people just don't like phones that are laggy.
Only by meeting consumers' expectations can a business last.
Instead of launching a phone that can crack walnuts and boasting about it, you might as well just buy a hammer.
Four days later, Fei finally returned. Director Min took care of the rest. Originally, all we needed was a lawyer, but lawyers are hard to find these days, so we just called in someone knowledgeable from the judicial department to draft an agreement.
Both parties signed the documents, and the money was transferred. As for the subsequent property ownership certificate and other related matters, Director Min instructed the housing management bureau to handle it as a special case and expedite the process.
The renovation was a piece of cake; the construction companies that took on the project at Xing Baohua's wafer factory were all vying to do the renovation for him for free.
Before sending Xing Baohua off to the Capital Airport, Director Min said to him with a smile, "Mr. Xing, you've settled down in Shanghai now. We Chinese people value settling down and registering our household registration. Now that you've settled down, you should register your household registration too! Do you want me to help you transfer your household registration here?"
It looks like a joke, but they're actually serious.
"I appreciate the thought, but the pace of life in Shanghai will be very fast from now on, which isn't suitable for someone like me." With that, Xing Baohua boarded the plane.
In fact, household registration is a threshold for ordinary people, which is related to many issues, especially children's schooling and employment.
At this time, people are desperately crowding into the city, but they may not be able to settle down.
The plane landed quickly at the capital. The main purpose of the trip was to meet with Xie Yingying's second uncle.
The date is set for the day after tomorrow, thanks in part to Xie's mother's help in making the arrangements.
At that time, Xie Yingying's second uncle was still in another city. In order to meet Xing Baohua, he also ended his other plans and rushed back to the capital.
While waiting, Xing Baohua let Xie Yingying do as she pleased, while he went to find Su Ya and they became very affectionate.
Xie Yingying did not stay at the hotel arranged by Xing Baohua, but went to her second uncle's house instead.
My cousins Xie Hongwei and Xie Weibing were both home. The three young people got together and chatted.
Xie Hongwei works in the medical system, while Xie Weibing is in active duty. Their unit has a general manager title, but any further details must be kept confidential.
"Weren't you working at the Shanghai Investment Promotion Bureau? Such a high-performing organization! How did you end up as a secretary there, and in a private company no less? I don't know what your uncle was thinking," Xie Hongwei said with dissatisfaction after hearing about his younger cousin's current job.
"Although the rice company is a private enterprise, it seems to be quite large. Does your uncle have another reason for asking you to go there?" Cousin Xie Weibing asked.
"I don't know either. Our boss not only owns rice, but also two other companies in Hong Kong, one called Haina Investment and the other called Huahong Group. Haina controls finance and other investments, and of course, it wholly owns Rice Technology, excluding the rice factory."
Huahong Group currently owns a telecommunications company, a bank, a supercar factory, an aircraft manufacturing plant, and has no plans to invest in a Shanghai-listed wafer fab.
My cousin opened her mouth, and my cousin clapped his hands and said with a smile, "I knew it, just a bowl of rice isn't enough to make a good impression. It seems your uncle is still training you. I've heard of Pengji. It's handled by China Merchants Group. Is the wafer fab going to be the next priority?"
Xie Yingying said, "I don't know. I've only been with President Xing for a short time. As for the first phase of investment, it's about 12 billion US dollars. There will be more later, but I don't know how much."
"12 billion? Goodness! That's how many years' worth of foreign exchange reserves that is! A few years ago, I read in the newspapers that we only had a little over 3 billion in total," Xie Hongwei exclaimed in surprise.
Hearing this, Xie Yingying burst into laughter, her shoulders shaking with mirth. Her older cousins looked on in bewilderment, wondering why she was laughing so hard.
The older cousin looked at her younger brother, puzzled, and then asked Xie Yingying, "What are you laughing at?"
"No, it's just that we feel our boss is very capable but not rich. He said he would invest 12 billion, but most of it was actually brought in through other means."
“Tell me about it, I love examples of getting something for nothing.” My cousin immediately became interested.
“There are some things I can’t say. Actually, it was a while ago, when he was at Pengji, that he borrowed money from someone at China Merchants Bank. I can’t say what it was for. When I returned to Shanghai from Pengcheng, I asked him about the wafer fab that was supposedly worth 12 billion yuan. He’s borrowing money everywhere, so how could he claim to have 12 billion yuan?” Xie Yingying said with a smile.
"Didn't you say rice was very profitable? Why did you take out a loan?" my cousin asked, puzzled.
"Let Yingying speak first," her cousin Xie Weibing interrupted.
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