Back to 1980: Please Love Me Again

Chapter 174
Xiangjiang area, Rong family villa.

All the young people in the study room were very interested in Rong Renyi's reminiscence of his shipping entrepreneurial journey.

Who doesn't like to hear the world-class bigwigs tell their experiences in the past?

Zhao Wenmu poured himself another cup of coffee.

He conveniently added a cup of hot milk to Zhao Jing.

"Long-term shipping chartering is a brand-new business model, and I was the only one to try it at the time. Although long-term chartering has a low profit margin, its income is more stable."

Rong Renyi continued.

Before that, he had worked in Xiangjiang's financial system and had a strong sense of risk. It is for this reason that Rong's shipping business has adopted this safe operation method from the very beginning.

"The first few years were very slow, because the long-term lease meant that the return of funds was very slow. It was not until three years later that I had the money to buy a second boat."

"In the 60s, the global oil industry developed rapidly, and there was a huge demand for oil tankers. I was very sure that this was a once-in-a-lifetime opportunity. So I started to use leverage to buy a large number of oil tankers, and then lease them to customers for a long time."

Zhao Wenmu nodded, Rong Renyi's shipping business did benefit from oil.

At the same time, it can also be seen that the boss not only has a conservative and steady side, but also dares to take huge risks when opportunities come.

Risks and opportunities coexist, and nothing is low-risk and high-yield.

Rong Renyi firmly believed in his own judgment, and he made the right bet this time.

"Fortunately, I was supported by HSBC at the time. HSBC gave me a very good condition, allowing me to take an unlimited unsecured loan."

Unlimited unsecured loans shocked Zhao Wenmu.

How optimistic HSBC is about Rong Renichi!
Or how optimistic Pittman, the chief helm of HSBC at the time, was about this big guy.

With the support of HSBC, it means that there is almost unlimited fire support!
"That was the best era for the global shipping business, so my shipping business developed by leaps and bounds. By 1970, I established Global Shipping, and at that time it was already one of the largest shipping companies in the world."

Rong Renyi's shipping business model is actually easy to understand, because the real estate of later generations is actually like this.

Regardless of whether it is wrapped in shipping or real estate, it is actually a financial business at its heart.

Use a loan to buy a boat and then rent out the captain to collect rent.The rent is higher than the loan interest, forming the so-called interest rate difference, which is the profit of the ship king.

A model of an empty glove white wolf.

As long as the rent of the ship is high enough, you can make a steady profit without losing money.

A certain belt brother has a debt of two trillion yuan, and he is actually playing such a drama.

As long as housing prices rise and profits are higher than interest, he can keep playing.

What if the profit from renting a boat or a house is too low to pay off the interest?

It's very simple, you can't afford to go bankrupt.

The current companies are all limited liability. The company’s previous “earning money” has been taken away by the bosses as dividends. Now it cannot pay back the money. The company went bankrupt and canceled the debt.

In the end, the ones that suffer are the banks that represent the interests of the country and the people who bought off-plan houses.

The capitalists are still singing and dancing, very happy.

Rong Renyi is different from these people in that he is very accurate in judgment.

He not only accurately predicted the prosperity of the shipping business, but also predicted the depression and shrinkage of the shipping business in advance.

That's why he reduced the boat and landed.

That is, deleveraging.

It's like a certain department shouted the slogan "survive" before the real estate was in trouble.

But another meaning of survival is to make competitors unable to survive.

And when they can't survive, pick up corpses at a low price.

By continuously increasing leverage, by 1977, Rong Renyi had been in the industry for exactly 20 years. At this time, he was already the world's largest ship king.

"Amu, people live in this world, and sometimes they need a noble person to help them. To a certain extent, Pittman is my noble person. Of course, I am also his noble person."

Because of Pittman's firm support, HSBC was able to provide ammunition for the Rong family unconditionally.

The rapid development of the Rong's fleet brought HSBC not only huge profits, but also an unparalleled right to speak.

It is precisely because of this that Pittman has been able to sit firmly as the chairman of the HSBC board of directors for more than ten years.

The two, it can be said that they go in both directions and achieve each other.

"Uncle Rong, you are my nobleman."

Zhao Wenmu said seriously.

"Haha, Amu, you are also my nobleman."

Contrary to Zhao Wenmu's expectations, when Rong Ren said this, his tone was very serious, obviously not being polite.

Zhao Wenmu was very happy when he heard the words, but he also knew that he couldn't live up to Rong Renyi's comment.

Boss Rong has already achieved success and fame, and he can at most give the other party some small help that is icing on the cake, and he is not a noble person at all.

In Rong Renyi's heart, Zhao Wenmu could already be called a nobleman of their Rong family after saving Rong Xinyi.

What's more, Zhao Wenmu has given him a lot of ideas all the time, which makes him feel refreshed.Leaving aside, the "Hutchison Whampoa" strategy just now benefited him a lot.

"Uncle Rong, when was the most difficult moment in your entrepreneurial process? How did you overcome it?"

Zhao Jing, who was sitting by the side, suddenly asked.

This question must be of most interest to many people.

In this world, no matter how great a person is, there are very few who can go smoothly from beginning to end.

In other words, if you don't experience wind and rain, how can you achieve great success.

It is precisely because of this that those who are going through a trough, those who cannot see the way forward, those with great ambitions, and those who are struggling to make a living in the market all want to see what these successful people have experienced What kind of suffering, and how to solve it.

Maybe what I'm experiencing now is exactly what the bosses have experienced?

Maybe one day, I will soar into the sky like these big shots?

When people are alive, they always have dreams.

Otherwise, what is the difference with salted fish?
Rong Renyi looked at Zhao Jing lovingly. He liked this kind and tough girl very much. In his heart, Zhao Jing, like Rong Xinyi, was his niece.

"If you want to say the hardest and most difficult time, it was naturally when you first arrived in Xiangjiang."

"At that time, your aunt and I were penniless, and we didn't have a tile to cover ourselves. During the day, I went to the pier to carry bags, and she starched and washed clothes in the church orphanage, and at night we lived in containers on the pier."

"Compared to the days when I had no clothes, no food to eat, and was always worried about being bullied by the military, police, and hooligans, the difficulties I encountered later were nothing more than mediocre."

Rong Renyi's words, among the people present, Rong Zhenbang and Rong Zhenyi didn't have much emotion.

Because they have never experienced that kind of life, they have been masters since birth.

However, Zhao Wenmu has some experience. In his previous life, when he came out of the house, he was as miserable as a bereaved dog, and he was also running around for food every day.

But it was Zhao Jing who touched the scene the most.

In the past few years, she also worried about her little daughter's present and future day and night. She obviously had a husband, but not only could she not rely on her, but it was her biggest burden.

Indeed, at that time, her best dream was far less sweet and happy than it is now.Compared with the pain when I cried alone at that time, any difficulties I encounter now are nothing more than mediocre.

"If you want to talk about business difficulties, it should be the accident in 1963."

Rong Renyi continued with a look of reminiscence about the past.

(End of this chapter)