Countercurrent 1982

Chapter 1056 Huge Investment
"The tape recorder can be regarded as a key pillar project of our group. I have always been worried about breeding tigers, so I thought about closing our supply chain, but it seems a bit difficult now. I really didn't expect Duan Yun to be with us. There are so many companies under the group that have business contacts, they have already reached this point, I can't let those companies tear up the contract, can I?" Xu Fuguo said.

"Have you visited their Tianyin Electronic Factory before? How did it feel?" Ma Fuyuan asked.

"To be honest, when I visited the Tianyin Electronics Factory last time, my eyes were opened." Xu Fuguo pondered for a while, and then said: "The scale of their factory is small, but the production workshop looks impressive. I am very impressed, the factory is very clean and the equipment is good, especially their factory has a dust-free workshop, using advanced equipment such as plug-in machines to process circuit boards, which is almost catching up with our joint venture in Shenzhen..."

"There are plug-in machines and dust-free workshops, so advanced!?" Ma Fuyuan said in surprise.

"I didn't expect that his small private enterprise has such good equipment. Even the companies under our group don't have such good conditions."

"It seems that he can win the championship of the tape recorder quality competition held in the city. He really has some strength..." Ma Fuyuan said with emotion, and then said: "This Duan Yun is not easy. He can run a company at a young age. That’s great, we really underestimated him back then.”

"Then Director Ma, what should we do now? We can't just watch Tianyin Electronics Factory snatch all the orders from our subordinate tape recorder company?" Xu Fuguo asked.

"The current main task of our group is to unite the subordinate enterprises, so we can't block Tianyin Electronics Factory with raw materials. This will definitely hurt the interests of many manufacturers, and they will withdraw from the group if they don't do it well." Ma Fuyuan thought for a while , and then said: "But don't be discouraged. Since their Tianyin Electronics Factory can improve product competitiveness through the introduction of production line technology, then we can also use this method. I went to Hong Kong to set up a foreign trade company and found a bank in Hong Kong. The cooperation is actually for the introduction of our group's production line technology."

"So what are your plans, Director Ma?"

"My plan is to introduce some foreign advanced production lines and equipment, and upgrade our industrial supporting facilities. We can't let others say that our group is big but not strong. We must have available equipment and technology." Ma Fuyuan Said.

"But the problem now is that our group does not have so much money, and I heard that the country's foreign exchange is tight now. In the first half of this year, 1/3 of the country's foreign exchange reserves have been used up. The country has now begun to tighten the introduction of foreign production lines through cash. It is extremely difficult to approve a batch of foreign exchange now." Xu Fuguo said with a frown.

Xu Fuguo has also always thought about being able to introduce foreign production lines and equipment for the group's subsidiaries. If last year, relying on his and Ma Fuyuan's contacts in the Ministry of Electronics Industry, he should be able to win foreign exchange for the subsidiary companies, but from this year Since the second quarter, the state has already tightened its grip. Except for the specially approved key large-scale state-owned enterprises, it is even more difficult for other enterprises to obtain foreign exchange. They have missed the best time to introduce foreign production lines.

"We can get a loan. This time I went to Hong Kong and discussed with several foreign banks there. They are also willing to provide us with some financial assistance."

"Really?"

"These foreign-funded banks are very interested in our establishment of a group company in Shenzhen, and they have also conducted an evaluation of this, and believe that our group company has good potential and prospects." Ma Fuyuan paused, and then said: "Now the most The key issue is that the money must be spent wisely, and the imported technology and production lines must be the most advanced in the country, so that we can maintain strong competitiveness in the market competition.”

"That's great." Hearing this, a smile appeared on Xu Fuguo's face.

The biggest difficulty in running a business is the problem of funds. If the problem of money can be solved, other problems can be easily solved. Ma Fuyuan went to Hong Kong this time, not only to set up a foreign trade company, but also to attract strong support. Many foreign banks are willing to If loans are provided, the group company will no longer worry about funding issues in the short term.

"At present, small private enterprises like Tianyin Electronics Factory have the upper hand, so don't take it too seriously. The upper limit of their development is destined not to be too high. As long as our group is formally established and begins to operate, the enterprises we own in Shenzhen The advantage is not comparable to other manufacturers. It has funds, technology, and the support of the Ministry of Electronics Industry and the SZ Municipal Government. Whether it is hardware or software, it is unique, so you don’t have to put the temporary Gains and losses are so important, and time is on our side." Ma Fuyuan said to Xu Fuguo with a smile.

"Director Ma, you see far..." Xu Fuguo said with emotion.

"To do big things, you need to have great courage. Private companies like Tianyin Electronics Factory can make money for a while, but they can't make money like this forever. Moreover, when I went to Hong Kong this time, there are many banks and consortiums who are interested in investing in our group. The extent of their investment It will also far exceed your imagination..." Ma Fuyuan said.

"Far beyond my imagination?" Xu Fuguo was taken aback for a moment, and then asked, "How much do they plan to invest in our group?"

"When I went to Hong Kong this time, many people from local consortiums contacted me. As long as I nodded, we could immediately get this amount of investment and loans." Ma Fuyuan said, holding out three fingers.

"3 million?" Xu Fuguo said in surprise.

"Dollar."

"3 million US dollars!?" Hearing this, Xu Fuguo's jaw almost dropped in surprise.

There is no doubt that US$3000 million is an astronomical figure these days. Even in Beijing, Shanghai, Guangzhou and Shenzhen, the government attaches great importance to the huge amount. The average exchange rate of RMB to US dollar in 85 was 3.4 to 1, and US$3000 million was equivalent to more than [-] million yuan.

But in fact, the value of 3000 million U.S. dollars is far more than 1 million yuan, because even if you have 3000 million yuan in China, it is absolutely impossible to exchange it for [-] million U.S. dollars.

In 1985, China's total foreign exchange reserves were only 20 billion, and 3 million US dollars was equivalent to 000% of this figure. So when Ma Fuyuan said this figure, Xu Fuguo felt unbelievable.

"The 3000 million is just the initial investment of the Hong Kong consortium. If our group company develops well, they will invest more funds." Ma Fuyuan added.

"My God, 3000 million US dollars, with so much foreign exchange, how many advanced production lines can be introduced... Our group will definitely be the strongest in the country. How can other companies compete with us?" Xu Fuguo said with emotion.

(End of this chapter)