Mr. Shi laughed and said, "It seems Mr. Lu has been involved in the stock market quite a bit. If you really want to invest, I have a good project on hand, but I'm missing a capable partner. What do you think about setting up a bank?"
"A bank?" Lu Feng was slightly surprised. The first thing that came to his mind was China Minsheng Bank, which was the first private bank in mainland China. In fact, licenses are now much easier to obtain, and more than 20 years later, even Mr. Ma would have to rack his brains to get a bank license.
"That's right!"
“I’m very interested in this. If it gets going, it’ll be a sure thing for the bank. They can handle all the loans, bridge loans, and mortgages for businesses through their own bank. It’ll give them peace of mind and also boost their bank’s strength,” Lu Feng said happily.
"If Mr. Lu is interested, we can talk again after lunch."
At 11:30, as the crowd dispersed, people gathered in small groups and chatted as they walked towards the restaurant. President Shi and Lu Feng walked together, and when they were almost at the door, President Shi called over a middle-aged man and introduced him: "This is President Liu, the chairman of New Hope Group! President Lu is very interested in investment banking."
General Manager Liu sized up Lu Feng, shook his hand, and said, "I've heard of you. Changhong from our area had a lot of trouble with you back then."
"It's all just friendly competition," Lu Feng said politely.
This Mr. Liu is a very well-known figure in the Sichuan-Chongqing region. Nowadays, businesses are divided among different provinces, and a company that is famous in one province may be completely unknown in another.
After exchanging pleasantries for a while, we went to a restaurant for dinner and started talking about banking. The state-owned enterprise was leading the project, and they could invest, but at most they could become directors on the board. As for how they obtained the licenses, don't ask. There are plenty of people with connections to take care of that.
"I'd like to see the proposal, do you have it?" Lu Feng asked.
Mr. Liu frowned slightly and said, "We're putting real money into this, do we really need a business plan?"
“That makes sense. What about the equity?” Lu Feng asked.
During the meal, Lu Feng had a pretty good understanding of the situation. Right now, they only had a general plan and couldn't make any major decisions. However, the number of board members couldn't be too large, so the threshold was quite high, with a minimum investment of 100 million yuan and a total start-up capital of 2 billion yuan. After the bank was established, it would mainly focus on lending to small and medium-sized enterprises, but it could also absorb deposit funds and act as a distributor for fund products and other financial products.
Compared to state-owned banks, the only difference is that the reserve requirement is a bit higher.
The current shortfall isn't large; there's still 15% of the shares unsold, which would require approximately 200 million yuan. As for why 200 million yuan is needed for 15% of the total share capital of 2 billion yuan, no one explained this to Lu Feng.
“This is a good project, I’ll invest!” Lu Feng agreed without hesitation.
As for the mismatch between funds and equity, Lu Feng didn't ask a single question. Sometimes, suffering a loss is a blessing. Even if Lu Feng didn't want to suffer this loss, he could find someone else willing to do so later.
None of them attended the afternoon classes. Instead, they found a quiet place to discuss the matter. That evening, Lu Feng signed the letter of intent for investment, and they had dinner together that night.
Huang Youwei had almost finished dealing with his work in the municipal government. He rarely sat down to rest in his office, but he stared blankly at the clock on the wall.
"That's enough, it's been several days already, aren't you worried?" Huang Youwei muttered, staring at the calendar under the clock. "The New Year is coming soon, and we have to sign contracts later. We need to hold a ceremony and invite reporters to take pictures. If we keep dragging this out, you won't be able to go home for New Year's Eve."
Huang Youwei opened the drawer with a slightly annoyed expression, took out a cigarette and lit it. He really didn't know what Lu Feng was thinking now. To be honest, it would be a real pity if Jiafeng Group really died.
After smoking half a cigarette, Huang Youwei picked up the phone on the table and called the secretary's office. A moment later, the secretary came in and said, "I called the organizer and asked. They said he didn't attend this afternoon. He went out with a few bosses and they seemed to be discussing something."
Huang Youwei laughed when he heard this, leaned back in his chair and said, "I knew this kid was cunning. He went to some financial gathering and ran away in the afternoon. Don't worry, he'll call me by tomorrow at the latest."
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