Chapter 588: Care spanning 200 years
For the next few days, Fan Wumian was busy dealing with various trivial matters.
There is no need to worry about the Antarctic Spirit Realm Penguin City project. It is just a real estate development. He is too lazy to rack his brains to figure out the specific details. As long as the design effect and the quality of the finished product are not wrong, there will not be any big problems.
These days, he has been busy negotiating with the Bank of China headquarters, discussing the specific details of jointly building securities and fund businesses.
Long before obtaining the HK$20 billion loan, Fan Wumian promised to take out a sum of money and inject it into the half-dead funds and securities subsidiaries of the Bank of China. Now the loan has been put into his account and has been temporarily misappropriated to speculate on Apple stock options.
In order to reduce the risk that a senior executive might suddenly decide to withdraw loans from him, it is time to fulfill previous promises in advance and start thinking of ways to revitalize the funds and securities subsidiaries under Bank of China and evaluate how to revitalize them.
If we say that China Merchants Bank Securities is doing well these days and its performance can be rated 7 or 8 points, then these two subsidiaries of Bank of China can only be rated 1 or 2 points at best.
After sorting out all the information at hand, Fan Wumian was amazed.
It is hard to imagine how this large bank, which has so many high-quality customers, could do such a poor business.
We can’t blame BOC entirely because there are two main reasons for its poor performance.
On the one hand, it is because the two new businesses have been developed for too short a period of time. The securities business was established in 2002, and the fund business only started in 2004. They are not well-known in the outside world, and it is difficult to attract customers based on their outstanding historical performance. A virtuous circle has not yet been achieved.
On the other hand, due to some problems with the team structure, the fund managers have average abilities and the marketing team also performs mediocrely.
Based on the advice of consultant experts, Fan Wumian has sorted out several important suggestions for rectification.
For example, increasing the rebate amount can mobilize the initiative of Bank of China's customer managers and wealth management managers, allowing them to actively promote their funds instead of just doing their job casually.
It is also crucial to find a third-party agency to cooperate with and ask them to help promote funds and securities business. Even if you make twenty or thirty calls and can only convert one customer, it is much better than lying at home and waiting anxiously.
If this customer succeeds in making money, maybe through word of mouth he can bring in a group of new customers who will come to you on their own initiative, and over time the scale will be considerable.
Another thing is to cooperate with consulting companies to reorganize the company's organizational structure, optimize various processes, and also sort out all of its fund products.
In Fan Wumian's view, as long as the fund business can develop well, the securities business will naturally follow suit, and a separate website can be redeveloped so that customers can handle a variety of businesses online and simplify all processes.
Given the size of Bank of China and its huge potential user base, Fan Wumian feels that his investment in this company is almost certain to make money. But when asked how much exactly he can make, he is actually not quite sure, as it is not all about profit considerations.
Just like Tudou.com took the initiative to get closer to major traditional satellite TV stations and actively provided them with opportunities to make money.
In fact, cooperating with these official banks is the same, which can prevent being targeted and suppressed in the future due to one's own achievements being too dazzling.
Unlike those American oligarchs, who are like a Pi Xiu, only taking in money and not spending it out, and are busy making money for themselves, sooner or later something will happen.
Fan Wumian was very knowledgeable about the rules and understood that while making money for himself, he also had to redistribute part of it to other parties.
For example, some time ago we went to Northwest China to select a site for a winery resort. Afterwards, the company's press release clearly stated the words "drive local employment and promote the development of the high value-added wine industry".
The team in charge of this project has recently received invitations from many places, and also suggested to Fan Wumian that they should create an affordable sub-brand and go to the Northeast to mass-produce ice wine. After lowering the price, they could seize the market from imported red wine.
The business plan gives an example, mentioning that a bottle of red wine that costs less than 1.6 Australian dollars can often be sold for hundreds of yuan after entering the mainland market. Even if it is discounted by % to %, the net profit of each bottle of wine can still reach several times.
Fan Wumian feels that this kind of wine and beverage business is very good, as it requires a large number of people to increase its own influence and can also bring high profits.
Then there is real estate. As one of the pillar industries of the national economy, participating in land auctions to obtain land is equivalent to giving money to the government for development, and it can also create a large number of employment opportunities, affecting downstream industries such as construction, home appliances, home furnishings, building materials, and sales.
It is important to plan ahead. If you want to have a good relationship with the higher-ups, directly spending money to buy land is also a good option.
Although he is currently worth only tens of billions, Fan Wumian has already started thinking about what will happen when he is worth hundreds of billions or trillions. He is busy shaping his own public image and has no regrets when it comes to donating money.
Although his money was obviously tight, he still donated more than 2006 million RMB in batches throughout 4000, and announced it publicly through his studio, trying to plant the impression among young people that he was a good person.
In this way, when they grow up and become the backbone of society, they will be able to speak well of Fan Wumian.
The family charitable trust fund, which had just been established, was preparing, at his instruction, to select a site in the mainland and lease land to build several large-scale forest farms and orchards.
In the future, the main tree species planted will be those with high economic added value, such as black walnut, yew, oak, teak, red rosewood, and even golden nanmu and huanghuali, plus orchards of coffee beans, cherries, durian, etc.
Fan Wumian does not expect these orchards and forests to bring him returns in the short term. He just wants to save money for future generations while planting trees and doing charity.
I once heard a story that after the Battle of Copenhagen in 1807, Denmark planned to plant about 90000 oak trees in preparation for rebuilding its navy, but the delivery was notified 200 years later.
Although the story is not completely true, using the forest farm instead of deposits for inheritance is indeed a good idea. You can think of a way to draw up an agreement and then allow it to be sold to the outside world at the agreed time.
For example, golden nanmu and Nanhai huanghuali take a long time to grow into mature timber. If nothing major happens, perhaps future generations 200 years from now will feel the care he gives them across the long river of time.
Ordinary people like to think about how to get rich, but the most critical issue for the rich is how to pass on their wealth for a long time.
Even if you don’t have children yet, it’s better to make many arrangements early rather than late. It’s better to prepare in advance.
At this moment.
Pu Jiajing handed a document to Fan Wumian and told him:
"Regarding the plan to plant Huanghuali, it seems that someone has already gotten ahead of you, boss. In the Huali Valley of Nanhai Island, a businessman bought a large number of Huanghuali saplings last year. In an interview with a reporter, he said that he wanted to try to change the dilemma of Huanghuali being out of stock."
"There is no problem with the land. Many places are willing to cooperate with you, boss. Professor Feng from the Agricultural University is helping us find a suitable address."
"The biggest problem now is that it is difficult to buy seedlings. We need to spend some time cooperating with growers and then purchasing from them. For example, walnut trees grown in North America are almost not planted in mainland China, so naturally we can't buy seedlings."
Fan Wumian said calmly:
"This is easy. As long as they can make money by raising seedlings for me, there will definitely be nurseries willing to do it. The cost of raising seedlings is not high, but the time cost is the most expensive. I am afraid I will have to wait until I am 70 or 80 years old before I have the chance to see some trees mature. The orchard is relatively faster, but cherries and durians also need many years to cultivate."
Pu Jiajing said with disdain:
"It's understandable to go to Qilu to develop cherry orchards, but does the fruit of durian really have a future? Someone gave my dad some before, but I didn't eat a single bite when he brought it home. I could always smell the stinky smell when I went to sleep at night."
Fan Wumian smiled and explained:
"Durian has a long shelf life and is relatively difficult to grow. It takes eight to ten years for it to bloom and bear fruit for the first time, and a total of more than ten years before it enters the fruit-bearing period. Ordinary fruit farmers simply cannot compete with me, which is conducive to bringing high returns."
"Not only do I want to plant it, I want to plant a large area. You may not like to eat it, but many people do."
"Not many people buy it now. The main reason may be that the price is too high and the purchasing power has not yet increased. When my durian garden blooms and bears fruit, I guess people will start to have money. Then I can try to monopolize the market on a small scale. As long as it is a little cheaper than imported durian, I won't have to worry about sales." (End of this chapter)