Wei Yandan smiled knowingly upon hearing this. As a veteran in the company, she naturally knew what Lu Feng wanted to do. The company couldn't afford to live a life of luxury. As long as funds weren't so tight, he would immediately have ideas for expansion.
"Here's what we'll do: set up an investment department for the company, build a team first, and then gradually fill in the gaps. The main focus will be on investigating companies in mainland China. Don't let them make investment decisions; just gather information about the companies and report it to me. I'll handle the rest."
"By the way, has President Du made any moves in mainland China?" Lu Feng asked.
"I submitted a market report a while ago. I glanced at it, and the content was rather rough, with a lot of data being rather vague." Wei Yandan said as she stood up and went out, asking her assistant to bring the report over.
The report was short, about ten pages long, and provided a simple analysis of the mainland mobile communications market, with a focus on Bird mobile phones.
With Jiaxun mobile phones being shelved, Bird has risen against the trend and is now definitely the leader in the domestic mobile phone market. At the same time, the construction of signal towers has also been mentioned. The signal tower construction agreements previously signed by Lu Feng and local governments have basically all fallen through.
However, there are reports that the government plans to add one million signal towers nationwide in the next five years. On the other hand, there is the trial operation of PHS (Personal Handyphone System), which is expected to be officially launched to the public in January 1998.
In his report, Du Guoying said that the popularity of PHS phones in Hangzhou and the strong market response proved that domestic consumers urgently needed a mobile communication tool that was affordable for the general public.
On the last page, he believes that the mobile phone market has changed significantly compared to two years ago. It is no longer the exclusive domain of business owners; ordinary citizens are also pursuing it, and it is showing signs of becoming a trend.
Du Guoying believes that in order to open up the market, the price must not be too high, and should not exceed three to five months' salary for an average person.
Lu Feng agreed with the contents of the report and put down the folder, saying, "Mobile phones are a good industry. Although the domestic market is not large now, it is enough to accommodate several domestic mobile phone companies. This year, we will allocate a portion of the budget to mobile phones, about 100 million RMB."
"At the same time, we can't just foolishly pay out our own money. We are now Hong Kong-funded. After you go back home for the Chinese New Year this year, you should communicate more with some places. My requirements are that the city must have a port, logistics must be convenient, land must be allocated to us for free, local banks must also support us and provide an interest-free loan, and taxes must be waived."
Wei Yandan understood. He didn't want to spend a single penny, but he wanted a large factory in a port city, preferably one with its own industrial park, so he could start production by buying a set of equipment.
“I’m not very familiar with the situation on the mainland right now, so I need to go back and ask around more about this,” Wei Yandan replied.
“Take it as a matter and get it done. That’s all for now.” Lu Feng stood up and said, “After I finish dealing with the United Capital matter, I’ll take a few days off. We’ll hold an annual meeting this year to bring both companies together and have a good time.”
Lu Feng took a week off, and United Capital was officially renamed United Securities. As United Securities announced that it would undertake the listing of several large state-owned enterprises in mainland China, it once again became a hot topic in the financial circle.
Everyone in the financial industry understands that Lu Feng represents the mainland financial sector, and United Securities will act as an intermediary, relying on Lu Feng's powerful connections to continuously send mainland companies to Hong Kong for listing.
From this moment on, United Securities will no longer be a small or medium-sized securities firm, but a large securities company. Some even estimate that if 50% of mainland companies list through United Securities, then United Securities' market value may exceed HK$100 billion in the next ten years.
A week later, United Securities changed its name and ended its trading suspension. On the first day of trading after the suspension, the stock rose by 97%, once approaching a market value of 15 billion.
Lu Feng instructed General Manager Xu to establish a reception delegation comprised of representatives from mainland state-owned enterprises, specifically to travel to the mainland and communicate with various companies.
In late November, a delegation of over 30 people from AMD visited Hurricane Semiconductor's Tianjin plant, accompanied by Lu Feng and local municipal leaders. They spent two days touring the plant and held a technical exchange meeting. They expressed their approval of the new plant.
They then traveled to several other locations to visit domestic R&D centers.
Continue read on readnovelmtl.com
