YM778.TV Chapter 1260 - Rejection
Huang Kejian turned to Director Fang and saw him smiling.
“Old Fang, you really understand him. He really rejected my offer. Money and power are useless against him.”
Feng Yu looks at Director Fang, who had not said a single word. It seems like they have never intended to let Feng Yu head this investment institution. This is just a test.
Feng Yu wants to know that if he agreed, will Huang Kejian go back on his words?
“Heroes are made from young. You have achieved so much at your age, yet you are not proud or arrogant. Moreover, you are patriotic. I cannot be compared to you.” Huang Kejian sighed.
“You think too highly of me. My achievements are nothing in a vast country like China.”
“You are too modest. If you are willing, you can be a top government official anytime. The government can assign a senior official as your mentor for a few years, and you can get significant results. Wait... your results now are significant enough!”
Huang Kejian has a high assessment of Feng Yu, but Feng Yu knows where he stands. In terms of managing a company, he is not as good as Wu Zhigang. Wu Zhigang is only a few years older than him, but he has been managing Feng Yu’s companies for years. He started off as Tai Hua Trading manager and is Tai Hua Holdings’ Deputy CEO now.
Feng Yu is only good at one thing. He knows how to make irresistible offers and pull people to his side by trusting them fully. This will let the other party do their best and create a win-win situation. Of course, Feng Yu’s profits will be much higher than theirs.
These few years, Feng Yu’s subordinates had been grateful to him and worked hard. He knows that he will not be as successful if he had managed his companies himself compared to now.
“Premier Huang, you think too highly of me.” Feng Yu replied sincerely.
But to Huang Kejian, Feng Yu is just making excuses to not become a government official. Never mind. To each his own. Anyway, Feng Yu can benefit the country by being a businessman.
Putting the taxes aside, Feng Yu had made significant contributions to China’s economy. For example, Huang Kejian had chatted with Liu Chuanzhi a few days ago. The latter admitted that without Feng Yu’s help, Lenovo will not be so successful.
In the future, Lenovo will surely become the World’s Top PC manufacturer. This is very important to China. As the world entered the digital age, China cannot keep buying IT products overseas due to cybersecurity.
“Manager Feng, I heard from Old Fang that you had suggested the State-owned Assets Supervision and Administration Commission of the State invest in Gold Futures.”
“No. it’s my company who sold this information to Director Fang.” Feng Yu replied.
“Sold? Old Fang, didn’t you say it’s too expensive?” Huang Kejian asked.
“That’s right. Manager Feng, I had not paid you anything then and has no intentions of paying you in the future.” Director Fang replied.
“Didn’t you pay for that meal? That means I sold this information for the price of that meal.” Feng Yu smiled and winked.
Director Fang smiled and shook his head. He knew Feng Yu had purposely said this to not embarrass the country and proved he had helped the country before.
“Old Fang, this is a good deal.” Huang Kejian laughed.
Feng Yu suddenly got alarmed. What’s the meaning of this? You all still want to take advantage of me and squeeze me dry?!
Huang Kejian and Director Fang saw Feng Yu’s expression and laughed.
“Oh, I still want to thank you on behalf of the country for your donations to our 2008 Olympic Games.” Huang Kejian said.
“This is what I should do, and I don’t want those foreigners to take advantage of us. This way, they must increase their sponsorships by a lot. I can foresee the TOP sponsorship will be a large amount.”
“Manager Feng, back to the question. If we are going to merge and form a large financial institute, will it succeed?”
Feng Yu thought for a while. “It should not be a problem if this corporation is headed by a good manager. Even if someone mediocre is managing this company, it should not fail if he is prudent. Although our country doesn’t have many outstanding financial talents, we do have lots of people in this trade.”
“Also, I believe you all will surely pick the US market if you all are going to invest overseas. My suggestion to you all is not to buy US Government bonds, large institution bonds, and must not invest in their real estates.”
“Why?” Huang Kejian asked curiously. Why should they avoid US and major corporations’ bonds? Isn’t that the safest investment instrument?
“I will share what I understand. A company investing a large amount into another company’s non-voting shares, hoping to make profits. But you don’t know what is going on with that company or whether the share prices rise or fall. unless you can push up these shares’ share prices, you should spread your investment into a few companies to lower your risk.”
A country’s investment should be prudent, and Huang Kejian and Director Fang understood what Feng Yu is saying.
Feng Yu continued. “In the past two years, two Fortune 500 companies had collapsed in the US, and one of them is already bankrupted. The other is applying for bankruptcy. Most of the people who had bought these two companies’ shares had lost all their money. The lucky ones might have dumped their shares in time, but the ones who bought their bonds are finished.”
“The reason for not investing in the US real estate is simple. Real estate is a core industry, and once it collapses, the financial market’s impact will be great. Just look at Japan. The US has always diverted its internal financial crisis to other countries. It happened to Japan previously when its economy is developing rapidly. Now, our country’s economy is developing rapidly, and if their property market collapse, we will surely be targeted!”