Gold Investor

Chapter 131 Banking License (6)
5 Don't put all your eggs in one basket. It's true, but what if you only have two eggs in your hand?

The car was speeding on the airport expressway in Binhai. Fang Yubin was sitting in the back row with his eyes slightly closed, as if he was taking a rest.Of course, he wasn't asleep.

Today, Fang Yubin originally made an appointment to drink coffee with Yang Yun.After meeting at the hotel last time, Fang Yubin contacted Yang Yun the next day and asked her why she came to Shanghai.On the phone, Yang Yun could only say a few words.Fang Yubin asked her to meet sometime, but both of them were busy with work, so they couldn't find a suitable time.Yesterday, Yang Yun took the initiative to call, and Fang Yubin readily agreed.

But just as he was about to get off work yesterday, Wang Cheng suddenly called and invited Fang Yubin to Binhai.Wang Cheng didn't say anything, but Fang Yubin had roughly guessed that it must be for Yijia's C round of financing.It had been a while since Yu Dongming came to the door, this time, it was Wang Cheng's turn to do it himself.Fang Yubin had no choice but to push Yang Yun away and go to Binhai.

In Qiancheng's corporate culture, the etiquette of welcoming and sending off is not valued.In the past, when Fang Yubin came to Binhai, only one driver came to pick him up at the airport.This time, Wang Cheng made an exception.A vice president of Qiancheng came to greet him at the airport in person. When the car was about to arrive at the headquarters building, the vice president made a phone call and said with a smile: "Mr. Yu is already in the lobby on the first floor. Mr. Wang knows you are coming, I canceled all the schedules in the afternoon and just waited in the office."

The more the opponent put up a big battle, the more disturbed Fang Yubin felt.In terms of personal relationships, Wang Cheng has indeed helped him, and he is also the main investor of Xinglan Capital.However, Fang Yubin, as the manager of Xinglan Capital, believes that the best way to repay investors is to make the company as profitable as possible, rather than letting anyone dictate.However, can my own reasoning convince Wang Cheng?

When Fang Yubin walked into that familiar office, Wang Cheng immediately stood up to greet him: "Yubin, you've worked hard all the way."

Wang Cheng has a ruddy complexion, wears a casual suit and a pair of jeans, and his hair is shaved very short, between bald and cropped.If you just glance at it, you will not be able to tell that this is an old man over [-] years old.But if you take a closer look, no matter the wrinkles on his forehead or the age spots on the back of his hands, he will betray his age.Even shaving your hair short deliberately is covering up your baldness.

Wang Cheng doesn't like to drink tea, so he still gives the guests a bottle of mineral water according to the old habit. "Since I left in the small town of Lukla, I haven't heard your voice on the phone until yesterday. It's been almost half a year."

"It's not that long ago." Fang Yubin said with a smile, "After you successfully climbed Mount Everest, I called you to congratulate you. At that time, you said that you were at the Kathmandu airport and were going to transfer back to China."

"Yes, yes!" Wang Cheng sat back in his seat, rubbing the back of his head, "I forgot about this."

Fang Yubin said: "You have successfully climbed Mount Everest in your 60s, which is truly commendable."

"It's not worth mentioning." Wang Cheng said, "Japanese mountaineer Yuichiro Miura climbed Mount Everest at the age of 80, and before that, he underwent heart surgery twice because of an irregular heartbeat. He is called old and strong!"

When talking about mountaineering, Wang Cheng is always in high spirits: "I had a wish before, to climb Mount Everest again after I was 70 years old. After seeing the deeds of Yuichiro Miura, I resolutely gave up this idea. He climbed to the summit at 80 years old, and I went to Mount Everest at 70 years old." , even if it succeeds, it doesn’t mean much. So this time, it’s probably the last time to stand on Mount Everest in this life.”

Yu Dongming on the side said: "Mr. Wang, you can go to the summit once when you are 80 years old, and take this world record."

Wang Cheng waved his hand: "80 years old? Ask yourself if you don't have that ability. Someone said, never compete with the Japanese. There is some truth in this."

Wang Cheng also said: "In 1979, 75-year-old Deng Xiaoping insisted on climbing Mount Huangshan on foot. After going down the mountain, he said that the lesson on Mount Huangshan proved that I was fully qualified. Comrade Xiaoping insisted on walking, and I think it also meant to test his body. Through mountaineering , to prove that there is no problem with the body, and it can lead the Chinese people to do a great cause."

Wang Cheng chuckled: "I also learn from great men and regard mountaineering as the best physical examination."

Both Fang Yubin and Yu Dongming laughed.Wang Cheng took a sip of water, and said to Yu Dongming, "Why haven't the minutes been released for the meeting held in the morning?"

Yu Dongming got up immediately: "You guys talk first, I'll go and urge this matter."

As soon as Yu Dongming left the office, Wang Cheng crossed his legs and said, "I heard that Dongming asked you? I told him about it."

Fang Yubin said: "He came to see me. But what do you think he is doing?"

Wang Cheng said: "Of course you can talk about business, but don't think that Qiancheng and Xinglan are close partners, just acting like a big brother. Back then, Khrushchev also regarded himself as a big brother and wanted to take over the CCP's property. They wanted to build a long-wave radio station and build a joint fleet, but they were pushed back, and their noses were ashamed.”

Fang Yubin smiled: "It's not as serious as you said."

Wang Cheng straightened his sleeves: "During this time, there were too many things in Qiancheng, and I didn't pay much attention to Xinglan. I just heard from Dongming that you made a big noise. First, you continue to invest in Internet financial companies, and then invest in these companies. Businesses cross each other, so as to open up the entire industrial chain. In this way, you will have sufficient bargaining chips in the face of new investment institutions.”

Fang Yubin nodded and said: "Xinglan is a small investment company, and if it wants to gain a foothold, it can only take a professional path."

"I have a question." Wang Cheng frowned. "During the Battle of Chibi, Pang Tong suggested to Cao Cao that he connected the warships with iron chains so that he could walk on the ground. This trick worked well at first, but Zhou Yu once Attacking with fire, the 80 troops were immediately burned. You have indeed integrated the strengths by crossing businesses, but if one company fails, will it drag other companies down, or even bring about a domino effect?"

Wang Cheng is worthy of being an old Jianghu, and he hits the point in one sentence.Fang Yubin rubbed his hands and said, "Of course the risk you mentioned exists. In practice, I have also thought about how to avoid it, but unfortunately there is no perfect solution yet."

"Knowing that there are risks, why do you insist on doing it?" Wang Cheng's eyes were aggressive.

Fang Yubin didn't dodge Wang Cheng's gaze: "It's risky to do this. But if you don't do it, the risk will be even greater. Take Yijia's C round of financing as an example. The company is developing very well and its valuation has increased rapidly. Xinglan's financial strength is also weak, if it is not for the integration of resources, Xinglan may give up the dominance to others."

Fang Yubin said again: "Don't put your eggs in one basket. The reason is right, but what if you only have two eggs in your hand? You have to get several baskets. In the end, the basket is more expensive than the eggs. Let's say Cao Cao and offer a knife to Dong Zhuo." , and Yuan Shao’s battle at Guandu, which one is not risky? At that time, he was really sure of winning? The power is firmly in your hands. Isn’t it because the soldiers in the north are not familiar with water warfare? It takes a little time to get used to it, and at worst, the time for the destruction of Sun Wu will be delayed for half a year. At this time, it is too late to take such a big risk Pretty unwise."

Wang Cheng frowned and said with a smile: "I like your frankness, and I appreciate your comments on history even more. That's right, there is nothing infallible in this world. All we can do is choose the lesser of two evils."

Wang Cheng also said: "At least from the current point of view, your adventure has been successful. No one set fire to the chain ship, but you, despite the wind and waves, sat on the Diaoyutai. You only invested more than 2 million in Yijia. If According to the last discussion with Dongming, Qiancheng Investment can only hold 10% of the shares for 45 billion, but you have to hold 30% of the shares, which means that the investment of more than 2 million has risen to more than 6 million."

Fang Yubin corrected: "I didn't invest more than 2 million yuan, but Xinglan Capital invested. If the investment has gained income, it should also belong to every shareholder of Xinglan Capital." When Fang Yubin said the word "shareholder", Fang Yubin Deliberately emphasizing his tone, he wanted to remind Wang Cheng, since you are an investor, why should you compete with Xinglan for profit?
Wang Cheng was silent for a while, then waved his hand: "You have talked so much about Xinglan, and I will also talk about the situation of Qiancheng. Qiancheng is different from Xinglan, and I have more than two eggs in my hand. If you say, Xinglan Lanna has to take the road of specialization, so Qiancheng must engage in diversified development.”

Wang Cheng also said: "I said in Lucara back then that Qiancheng intended to try Internet finance. It was just a general idea at that time, and there was no specific idea. After planning during this period, the steps became more and more clear. Dongming approached you and only said that he intends to invest 10 billion in Yijia, but he didn't tell you what the strategy behind this is."

Wang Cheng was very interested, and kept making various gestures: "Since Qiancheng is determined to enter the Internet finance, it would be too petty to spend only 10 billion to invest in Yijia. My goal is to form a family within two years. Private Banks."

Wang Cheng went on to say: "In recent years, the policy level has been gradually liberalized, and private banks have carried out pilot projects in many places. Ma Huateng of Tencent has set up WeBank; Jack Ma of Alibaba has set up Zhejiang MYbank. There is still new hope. Liu Yonghao from Suning, Zhang Jindong from Suning, all old friends are gearing up to set up private banks. These private banks that have been established or are under construction are all playing the Internet card. I counted, and half of the private banks are clearly positioned to be As for Internet banking, the remaining half also indicated that they would rely on the Internet to develop banking business.”

Regarding Wang Cheng's strategy, Fang Yubin had a general understanding. He said, "Your investment in Yijia Financial Services is to pave the way for the establishment of a private bank?"

"Of course." Wang Cheng said, "I said a long time ago that if a thousand cities don't sing, they will be amazed. In recent months, I have spent half of my time in Beijing and visited the relevant leaders of the China Banking Regulatory Commission many times. Leaders We all strongly support Qiancheng’s establishment of a private bank, but there is no certainty when the license will be approved.”

Wang Cheng also said: "After all, Qiancheng's main business in the past was neither finance nor the Internet. To apply for a bank license, people still need a comprehensive assessment. At this time, if Qiancheng can bring Yijia over, there will undoubtedly be a boost. split effect."

Fang Yubin finally understood that Wang Cheng was playing a big game of chess.Throwing 10 billion to Yijia is just asking for directions.

Wang Cheng picked up the mineral water and unscrewed the bottle cap: "Yubin, I don't have to go around in circles in front of you. Qiancheng and Xinglan, to me, the palms of the hands and the backs of the hands are all flesh. If it is normal, how do you talk with Dongming? I don’t care. It’s just that this time it’s about Qiancheng’s development plan, I hope you can take care of the overall situation.” After speaking, Wang Cheng tilted his head and gulped down water.

Fang Yubin finally understood why the other party was so persistent, but his own persistence would not loosen because of this.He said: "According to my plan, Qiancheng holds 45% of Yijia's shares and is the undisputed largest shareholder. Isn't that enough?"

Wang Cheng shook his head: "I said that Qiancheng will use Yijia as a stepping stone to finally knock on the door of private banks. In this case, we must ensure absolute control. Qiancheng owns 45% of the shares, which seems to be a lot , but in the end there are hidden dangers. If at the critical moment of applying for a bank license, other shareholders united against Qiancheng, wouldn’t it be a failure? The risk of losing everything must never be taken.”

Wang Cheng took a breather and said, "I understand your situation. It's a pity that such a good project as Yijia will be handed over. Let's do this, Qiancheng invests 10 billion, holds 51% of the shares, and has an absolute controlling stake. Xinglan still holds 25% of the shares without spending a penny. Based on this calculation, the initial investment of more than 2 million yuan has risen to more than 5 million yuan, which is not bad!"

People have already made it clear that this is a major plan for the development of Qiancheng!But it was precisely this rhetoric that took into account the overall situation that Fang Yubin could not agree with.This is the overall situation of Qiancheng, why should Xinglan take care of it?Just now Wang Cheng mentioned Khrushchev, combined fleet, long-wave radio station, or the overall situation of the Soviet Union, and China will push it back differently.The reason is simple, partners belong to partners, but your overall situation is not mine.

Wang Cheng wanted to use Yijia as a stepping stone, which made Fang Yubin even more worried.The stepping brick is easy to use, but if it is not easy to use, or the city gate is too strong, what should I do if the stepping brick is smashed?For the rich and powerful Qiancheng, a loss of 10 billion yuan can be tolerated, and even abandoning Yijia at a critical moment is not hesitating.But Yijia holds a pivotal position to Xinglan and Fang Yubin.Wang Cheng said that today's Xinglan is a serial ship, which may be true.Once Yijia, the flagship, sinks, it will be a disaster for Xinglan.

Perhaps Wang Cheng thought that Xinglan was invested by himself, and the palms and backs of his hands were full of flesh!The profit is your own, and the loss is also your own, so you don't have to worry about it!Even if Xinglan fails, it is only a small setback for Qiancheng in its journey to enter the Internet finance.And this is precisely the biggest difference between Fang Yubin and Wang Cheng.Deep down in his heart, Wang Cheng only regarded Xinglan as a branch of Qiancheng, at most his status was a bit special.But in Fang Yubin's view, Xinglan is an independent company, it is different from Qiancheng in size, but there is no distinction between superior and inferior.In the modern corporate governance structure, investors and managers are not in a master-servant relationship.Fang Yubin's obligation is to work hard to make money for Xinglan, so as to repay investors, and it is absolutely not for any other reason to do things that are detrimental to Xinglan's interests.

Fang Yubin had already made up his mind, and his gentle tone revealed firmness: "Mr. Wang, this is by no means a matter of earning more and earning less. Xinglan's recent series of investments are all centered around Yijia. Once Yijia makes a slight mistake , the domino effect you are worried about is really not far away."

Wang Cheng's face darkened, he understood it with reason, moved it with emotion, and gave enough face, but Fang Yubin didn't expect that Fang Yubin would not back down.He tapped on the armrest of the chair and said, "Of course you are right to fight for Xinglan's interests, but you can't just focus on your own territory and engage in mountain-topism."

Fang Yubin said: "Mr. Wang, I have to remind you that Qiancheng and Xinglan are two independent companies, not superior or subordinate. It is perfectly normal for each to fight for their own interests, and it has nothing to do with mountainism."

Wang Cheng was furious, you boy's wings are stiff, what are you talking about independent business with me?He said slowly: "If you stick to your point of view, I can only ask for a shareholders' meeting."

Fang Yubin also got angry: "That is your power, I have no objection. However, the general meeting of shareholders decides major issues of the company, and should not discuss specific business affairs. Therefore, you can only remove me at the general meeting of shareholders, etc. After the new chairman takes office, he will change the previous decision."

Wang Cheng was about to slap the table. With years of practice, he barely suppressed his anger.With a livid face, he said, "I've said everything I need to say, I hope you can take care of yourself."

Fang Yubin regretted it a little at this time, alas, I can't get rid of my aggressive temper.After all, Wang Cheng's seniority is on the table, so he can say whatever he wants, and he doesn't have to push it back.

Fang Yubin tried to turn things around, but Wang Cheng raised his wrist and looked at his watch: "Let's stop here today, I have other things to do."

(End of this chapter)