Actually I just want to act

Chapter 549 Issuance of Corporate Bonds
Yang Chengjun: "Could it be that this is a rich man!" After Yang Chengjun hung up the phone, he could only mutter with emotion to himself.

However, in fact, his net worth is not cheap, comparable to that of Fang Zhiming.It's just that, unlike Fang Jiming, Yang Chengjun is mostly cash flow.Yang Chengjun's cash flow is not much, almost all of which are fixed assets.This is why Yang Chengjun envies Fang Jiming. Not only does he have cash flow, but he doesn't borrow much.

In fact, what Yang Chengjun didn't know was that Fang Jiming's companies had always accounted for about 10% of the loans.Not only that, Fang Jiming also contacted Meng Guangxi's fourth uncle, Meng Weiwen, and issued corporate bonds through the relationship.In fact, without this relationship, Fang Jiming would not be able to do it at all.

It can only be said that the people in the Beijing circle are not using public equipment for private use, but that they don't trust Internet companies at all!
Even if Fang Jiming issues corporate bonds, it is only Shenzhou. As for Feixun and Baidu, none of them can do it.Maybe it will break open after it has to go public in the future.

China has issued as many as 15 billion corporate bonds, which are mainly used for scientific research, purchase of equipment, and construction of factories.

But this is also very suspenseful, it is because of the relationship with Meng Weiwen that the negotiation was forced to come down.After all, the current domestic companies that issue bonds are either listed companies or state-owned companies.Shenzhou is only a private enterprise, and its shareholders are only Fang Jiming and Xu Zhuhua, so it is almost impossible to pass the review of the National Development and Reform Commission.

However, in these years, everything is crossing the river by feeling the stones. As a private enterprise, Shenzhou's star product, the easy-to-remember star reader, has been on the children's channel of CCTV, and there are more than a dozen children's channels of provincial satellite TV.The phrase "I don't know where to order, so easy! Mom no longer has to worry about my studies" has become a well-known advertising slogan.

Under this premise, Shenzhou reluctantly issued 15 billion bonds.It was mainly because of Meng Weiwen's running around that he persuaded the Yanjing Development and Reform Commission, and then passed the highest national level Development and Reform Commission.For this reason, Fang Jiming also changed the company's constitution, turning "Shenzhou Technology Co., Ltd." into "Shenzhou Technology Co., Ltd.", allowing several scientific researchers leading scientific research to get shares.Fang Jiming even allocated shares to his parents, Hu Yanlan and Fang Weijun, and it was approved.

There is no way to reform the system. The issuer of corporate bonds must be a joint-stock company or a state-owned enterprise.

What is even more helpless is that China is short of money. After all, it is developing chips and developing various independent technologies. How can it not be short of money?However, according to the regulations, only bonds that do not exceed 40% of the company's net assets can be issued. Shenzhou's current net assets are about 50 billion, which means that it can only issue bonds with a maximum of about 20 billion.

However, Fang Zhiming didn't know until he really got to know that he could only get 30% of the net assets of the bond issue.

Bonds are a good thing, much better than loans.

Because the repayment period of the bond can be as long as 15 years! ! !
However, Fang Jiming knew that the longer the repayment period, the higher the interest rate, which is not conducive to the second issuance of bonds.China is in the process of rapid development, and the next issuance of bonds may start with billions. How can it be so short-sighted?Therefore, Fang Jiming made a final decision that the bond issuance this time would be for a three-year term.

"It's not bad to raise 15 billion at one time. At least, in the short term, you will have money. As long as you survive the time before the point-reading machine returns the money, you will have money to develop computers and mobile phones in the next step." Fang Jimingtai Know the financial situation of China.

Although the cash flow seems to be a lot, the loan side has already borrowed 5 million yuan, took a lot of land, and spent a lot of money.These lands are for Fang Jiming to build factories in the future, if they don't take them now, why don't they take them after a few years when the land prices soar!Therefore, although it seems that Shenzhou has made a lot of money, the funding gap is too big.

Unexpectedly, Fang Jiming didn't intend to let Shenzhou go public to collect money, so he could only find a way to solve the funding gap problem by himself.

The loan interest is too high. Even if there are countries that provide tax rebates and tax reduction policies for high-tech enterprises, they cannot maintain huge scientific research through loans.Then, issuing bonds is a must.

I have to say that this is also because Shenzhou is well-known and its financial situation is not bad.Otherwise, it is basically impossible for a non-listed private enterprise to issue bonds.

The point is, if the loan is 15 billion, the interest is too high, and the interest will be 5% a year.It seems not high, but the problem is that the bank doesn't have that much money to lend you, and they can't trust your company at all!
Bonds are different. The interest rate of short-term bonds is not high, and it is only 3.95% now. The annual repayment of 15 billion bonds is less than 6000 million.This is a very cost-effective deal. The most important thing is that once Meng Weiwen facilitates this matter, his rank will be raised again.Moreover, the Meng family is not without interests. At least they know that China will definitely develop rapidly, so they bought China's bonds in advance. Although the interest rate is not high, the advantage is stability!
This bond has dividends, and once it is resold, it will be another income.

Fang Jiming sees it this way, 6000 million will be issued for three years, and the cost of 1.8 million, plus the issuance cost, will not exceed 2 million.Using 15 million yuan in exchange for 15 billion in working capital to help him tide over the difficulties, and overdrafting [-] billion without any scruples, is actually a good deal for the rapidly developing China.

At the beginning, Fang Mingming approached Meng Weiwen to discuss the matter of funds, and hoped that Meng Weiwen would come forward and lend him another 2 million yuan.Meng Weiwen pointed out this path and analyzed the pros and cons for Fang Jiming.However, Fang Jiming chose this path without hesitation.

Fang Jiming is very clear that this is a feasible path!
What should Fang Jiming do if he was rich in his previous life?
Financial management.

Financial management is mainly funds, and depositing money in the bank is not considered financial management.Funds are divided into currency funds, stock funds, and bond funds.Of course, all kinds of hybrid funds are also counted, but these three types are the main ones.Bond funds are low-to-medium-risk funds, so where does the income come from?Isn't it a bond issued by a company?
After figuring this out, Fang Jiming did it.

It's just that this has to go through a process, and it is estimated that it will not be completed in three or four months.

Fang Jiming is also very helpless. Sometimes a penny can be difficult for a hero. Although there are still more than 3 million liquid funds in Shenzhou's books, what can the money do!The repayments of all kinds of goods are too slow, and Fang Ming wants to expand rapidly, so he can only find a way to fill the funding gap.

As for Feixun and Baidu's money, Fang Mingming wants to embezzle it, but only with the approval of shareholders.However, if Feixun and Baidu get money from financing, others will not give you another company to develop.It is only possible if Fang Zhiming withdraws his part of the company's profits.

(End of this chapter)