Chapter 265: A swallow wants to come back

What prompted Wanyan Company to change its attitude was an accidental meeting. The vice president of Wanyan Company accidentally met his former high school classmate. He was already in an important position in the Planning Commission. Although he was not a leader, the inside story he came into contact with was beyond the reach of ordinary people.

After learning that Wanyan Company wanted to obtain government support funds, his old classmate pulled him aside, and the young actor said, "I advise you to give up this idea. I don't know who came up with this idea, but it was unrealistic from the beginning."

"Why? The province has strong support for us, and there is financial support--" The vice president felt a little puzzled.

His old classmate pulled him and said, "That's right, your province has supported you. That's because they want political achievements and want to obtain central government funds through you. Not to mention whether this fund can be applied for, even if it is applied for, it's hard to say how many of them can be applied for. This is not a rare thing."

"Why?" The vice president still didn't understand.

"Why, why, you 100,000 Whys?" His classmate said a little angry and amused, "To put it bluntly, your company is a non-public enterprise, isn't that enough?! I advise you to think of other ways, even private financing is much more realistic than waiting for this technical transformation project! That's all, don't say I said it!"

After hearing this, the vice president felt that he could not take it lightly, so he rushed back to the Anhui headquarters and reported the situation to Mr. Jiang. The senior executives of the company were scratching their heads and didn't know what to do about this matter.

"If you really can't apply for this project, then let's see if the bank can give us a loan?" A deputy general manager reminded, "In our current situation, a loan of 200 million yuan can be paid out in one and a half years, and it will not affect our expansion. With such a huge profit, I believe that some banks should be willing to do this business."

Mr. Jiang shook his head and said, "You are a man who is engaged in production and cannot understand the matter here."

Nowadays, banks are all state-owned. For loans to state-owned enterprises, the conditions can be relaxed. Anyway, the money is all state-owned, and even if it cannot be collected, there is no risk. It is called rotten meat in the pot.

However, if you want to lend to non-public enterprises like Wanyan Company, you need to be cautious. After all, the risks here are too great. It is okay to have less money. Banks can hold on to the tens of millions of dollars, but if you say that hundreds of millions of dollars are released, it will be very difficult. No one is willing to bear such a big responsibility or such a big risk.

The domestic VCD disc machine industry is still monopolized in the hands of Wanyan Company, but the banks also have their own research institutions. They cannot not see the huge risks after the prosperity, nor can they not see many companies at home and abroad eyeing them actively preparing for the battle, ready to rush out at any time to take a big bite on the big cake of the VCD market created by Wanyan Company.

Whether abroad or at home, for the most competitive home appliance industry, to put it bluntly, it is a war of market attrition, promotion, price reduction, advertising, technology, upgrade, brand, service, network, etc., which requires a lot of capital to be invested.

"If it doesn't work, you can only raise funds from private sources, but this road is not easy to walk." Mr. Jiang rubbed his temples and said with some headaches.

There are still some private financing channels in Anhui. After all, Hui merchants were all over the world at that time. Although they had been eliminated after decades of the founding of the People's Republic of China and had no glory of the past, there was a lot of funds overseas. At this time, reform and opening up, and many people made a comeback, so they did not have to worry about not being able to find a way to contact them.

"How can you know if you don't have any contact?" said the company's chief financial officer. "I know some agents of private capital. First, contact them to see what the conditions are, and then decide whether it is worth raising funds from them."

Mr. Jiang nodded, "We also have to cast nets from multiple sides now. As long as there is a fish in one net, it will be worth it."

However, the other vice presidents expressed deep concern because everyone is in this place and knows a little about private financing channels. In fact, these people are similar to those who lend money loans. How could you expect them to give more satisfactory conditions? People take such a big risk to raise funds, but they demand the greatest return.

After several contacts, the people from Wanyan Company found that it was difficult to open up.

First of all, the interest rate of private capital is too high, and it is actually a four-cent profit. In other words, the annual interest rate of 10 million yuan is as high as 4.8 million yuan, which is really cruel.

Secondly, their financing is also limited. Not to mention hundreds of millions of funds, even if it exceeds 20 million, it is rare. They cannot operate the scale of hundreds of millions of funds. Although Wanyan Company always says that it can pay off the principal and interest within two years, they dare not believe it easily.

Even the bank knows the crisis facing Wanyan Company now. How can we hide from these extremely well-informed industry insiders? After all, the stuff from Wanyan Company is not worth much money to mortgage!

However, private capital was still quite interested in the entire Wanyan Company, so it offered the overall acquisition of Wanyan Company, willing to pay 60 million yuan for this.

"Dream!" Jiang was finally angry and cursed, "Even if we sell the pot, we can be far more than 60 million!"

At that time, I invested more than 17 million US dollars alone, and the advertising expenses I invested more than 20 million, 60 million. What can I do with 60 million?

After walking around, when the people from Wanyan Company sat down again, they discovered something. Whether it was the institutions they had contacted, private capital, or state organs, the strongest one was that they could provide loans of tens of millions, which was far from the amount of funds needed for their expansion. Now the only one with funds, ability and willingness to do this is the Fan Investment Group, which he had personally contacted.

So Mr. Jiang contacted He Bingyan, the manager of the Anhui branch of Fan Investment Group, and asked Fan Wubing to discuss the major event.

He Bingyan was very happy to see the people from Wanyan Company lowered her attitude, but after all, she knew that Fan Wubing was very concerned about the acquisition of Wanyan Company. If the negotiation could be completed this time, the Anhui branch would have the power to supervise and its status would also increase, so she quickly contacted Fan Wubing.

After receiving this news, Fan Wubing did not stay in Huangshan. He was originally interested in the black tour guides and the black hotel. Now that he has to work hard, he naturally went home as soon as possible. The next day he returned to Hefei and met with the senior executives of Wanyan Company.

He Bingyan accompanied Fan Wubing to the headquarters of Wanyan Company for the second time.

"Boss, Mr. Jiang from Wanyan Company, has his thoughts changed rapidly?" He Bingyan said to Fan Wubing, who was sitting in the car.

Fan Wubing looked out through the car window and found that the streets of Hefei were very lively, but the construction and traffic conditions were not as fresh and energetic as other provincial capitals. He couldn't help but think that although Anhui had a small village and fired the first shot of rural reform, overall, development was still relatively lagging behind.

In 1978, eighteen farmers in Xiaogang Village, Fengyang County, Anhui Province, pressed the red handprint at the risk of beheading, opening up the responsibility system for household contract responsibility for China and kicked off the reform and opening up in rural China. The birthplace of reform and opening up began with the Jianghuai land.

As the stars change, the sun and the moon pass by, and in a blink of an eye, reform and opening up have been around for nearly 16 years, how has Anhui's economic development been? What is the economy of Jiangsu and Zhejiang, which is adjacent to Anhui? What is the economic comparison of the six central provinces?

Jiangsu Province's GDP is three to five times that of Anhui Province, and the per capita GDP is three to three times that of Anhui Province. Zhejiang Province's GDP is two to five times that of Anhui Province, and the per capita GDP is three to four times that of Anhui Province. Anhui Province's energy resources are more than that of Jiangsu and Zhejiang, but from these figures, the gap between Anhui and Jiangsu and Zhejiang is so big!

Over the past thousands of years, Anhui not only produced famous moral thinkers, military strategists, politicians, and famous medical scientists like Laozi, Zhuangzi, Guan Zhong, Cao Cao, and Hua Tuo, but also produced historical celebrities such as Bao Gong, Zhu Yuanzhang, Li Hongzhang, Chen Duxiu, Hu Shi, and Huishang, represented by the red-topped businessman Hu Xueyan. He once created Huizhou merchants who had been in a town for three hundred years without Hui during the Ming and Qing dynasties.

Why is Anhui, a member of the six provinces, one city and one member of the six eastern China provinces, one city and one member? It has been 16 years of reform and opening up. In the Yangtze River Delta Economic Zone, which is closest to China's richest and most dynamic, there are still 100,000 national-level poverty-stricken counties. Among the top 100 economic counties in China, Anhui does not even have a quota for one county.

After the southern tour of 1992, Pudong began to develop in large quantities. Jiangsu proposed to the whole province that Shanghai developed Pudong, and Jiangsu should also quickly formulate an outward-oriented economic plan for the development of the outward-oriented economy. Zhejiang requires the people of the whole province to understand the importance of developing Pudong, and propose to accelerate the construction of the Shanghai-Hangzhou Expressway to connect Zhejiang's development zone with Pudong as soon as possible.

Even Chongqing and Wuhan, which are farther away, realize the importance of Shanghai Pudong development to the Yangtze River Basin, and have successively proposed to echo Shanghai Pudong development. However, in the face of Jiangsu and Zhejiang provinces who are fully connected with Pudong development and other provinces and cities, they realize the importance of the Yangtze River Basin, but at this time, the Anhui River Basin is a taciturn bystander.

Anhui has always constructed the so-called Hefei Economic Circle and the Huaihei Economic Belt. It is precisely because of the solid and self-contained economic development strategy that the Yangtze River Basin became a decision-making gap in the 1980s during the critical initial stage of reform and opening up in the last century, and the economic development of several cities along the river is far from keeping up with the southern Jiangsu region in the same basin.

Ma'anshan and Tongling developed in large part because they are resource cities. Faced with the adjacent southern Jiangsu model in the 1980s and the Shanghai Pudong development and Zhejiang model in the 1990s, the adjacent Wanjiang River Basin was indifferent.

In terms of the development plans formulated in the province for many years, Hefei has always been identified as a development center. However, in fact, as a political and cultural center, if Hefei is just a political and cultural center, its efficiency ratio is very poor if it blindly invests and expands like a leader in the economy. The provincial capital is not necessarily an economic center, which has already set a precedent in many provinces across the country.

Fan Wubing thought about these questions and looked at the scene outside, and suddenly felt a lot of feelings. No wonder China's home appliance industry finally made Wan Yan an unusual phenomenon, but it failed in the end. As the saying goes, the hero is outstanding but the land is not effective. If Jiang Zheng developed in Shanghai, there would not be so many twists and turns.
Chapter completed!