My fintech empire.

Chapter 1341 [What to do? It’s decided. Let’s do it this way]

Tian Jiayi looked at Fang Hong and said, "The company currently does not have so much capital on hand to add 4 trillion yuan in expenditures. Unless we increase leverage, we will not be able to come up with this much capital in the short term."

Fang Hong said without hesitation: "The Stars have not yet reached the point where they need to increase leverage. There is so much deposited funds overseas. Why not wait any longer? Isn't the purpose of harvesting wealth from abroad to improve the welfare of our own citizens? Let the people below calculate the funding gap, and bring back as much as the gap requires from overseas funds."

After hearing what he said, Tian Jiayi said nothing more. She immediately made a memorandum of the matter and ordered his decision to be carried out. After a while, she smiled and said, "If this matter is made public, I guess many people will not understand it, especially many other companies and wealthy people."

Hearing this, Fang Hong said with a smile in a relaxed tone: "In a sense, I now have 1400 million people or even 1400 million families following me, and the number is still increasing. If they are doing badly, isn't it indirectly saying that I am a failure?"

Fang Hong immediately added: "I can't be the kind of person who takes down the ladder after climbing up. Doing so is equivalent to self-denial of the career ideals and values ​​that I have always adhered to. Doing so, for me personally and for the stars, even if I am extremely glorious at the moment, my position in the long river of history will be as light as a feather and not worth mentioning."

Tian Jiayi thought thoughtfully: "It seems that you still value your place in history."

Fang Hong said to himself: "Some people are no different from dead even when they are alive, and some people live forever and will never be erased even when they are dead. Where are these people? In the history books, in people's hearts. Like the brilliance of the sun, like the weight of Mount Tai."

Finally, Fang Hong looked at the content of the material again.

Judging from the budget data, the bulk of the expenditure for this welfare project is construction costs, that is, the cost of building installation. It is the cost of a series of links from digging the foundation to the final completion of the house so that people can move in according to the planned construction drawings after obtaining the land.

But what is really expensive is not the construction cost, but the land price. The cost of acquiring land is very high because Fang Hong requires that the location cannot be too bad, at least it must be in the second tier, and some are even in the prosperous areas of the city center.

Overall, the land acquisition cost reached 1.39 yuan per square meter.

The location cannot be too bad, so only 33-story high-rise residential buildings can be chosen. If a nine-story low-density residential building is built in a prime location where every inch of land is valuable, the cost of the required land will increase in order to reach a living area of ​​15 billion square meters. The cost of acquiring the land will be at least 2.5 trillion yuan, and the total cost will be close to 6 trillion yuan.

If Qunxing insists on spending 6 trillion yuan, it will definitely be able to do it with its strong financial resources, but this is a typical case of spending money on things that are too frivolous. The resource utilization rate and the effectiveness ratio are appalling. No matter how rich Qunxing is and no matter how willing Fang Hong is to spend money, he cannot do this. This is a waste of limited resources.

Wouldn't it be better to use this money to conduct research and advance technology, to land on the moon or even Mars earlier, and to continuously expand the survival boundaries of human civilization into deep space?
Fang Hong saw that Tian Jiayi had made a memo, and immediately added: "The total budget expenditure is 4 trillion yuan. The parent company Qunxing will handle 3 trillion yuan, and more than 1770 holding subsidiaries will handle the remaining 1 trillion yuan. It will be amortized according to the two major weights of each subsidiary's profit and number of employees."

The major holding subsidiaries have different sizes, different numbers of employees, and different industries.

Using corporate profits and the number of its employees as weight coefficients, companies with more employees and higher profits in their industries will amortize more, and vice versa.

Those who should amortize more and those who should amortize less will not get a big advantage or a big loss. Fairness in the absolute sense certainly does not exist, but it is possible to seek a greatest common divisor.

Anyway, the parent company has taken the absolute majority of the responsibility, and the holding subsidiaries have nothing to say. Even if they have something to say, it is useless. What should be done? It has been decided. Just do it. Qunxing is the head of the entire Qunxing system and has absolute authority.

After finishing the memo, Tian Jiayi looked away and said, "The employees of the more than 1770 holding subsidiaries will be happy, but some companies that are in a mediocre position will probably be upset."

The companies that Tian Jiayi mentioned are those in which Qunxing Capital has not reached the controlling level, but is a major shareholder of these companies, with a shareholding ratio of more than 30%.

These companies like to call themselves "galaxies". Some of them are even just a casual investment by the stars, with the equity share being only about 5%. They are generally start-ups, and these companies also like to call themselves "galaxies".

There is no way around it; this brand is too famous right now. If you tell others about it, they will think your company has something special.

After all, it's a galaxy.

But the stars actually do not recognize it. In order to be recognized as a "system group" by the stars, you must obtain controlling rights.

If the entire Qunxing Group is compared to a large sect in a fantasy world, subsidiaries such as Xingyu Technology, Matrix Quantum, and Kunpeng Technology are equivalent to "true disciples", and the more than 1770 holding subsidiaries are equivalent to "inner disciples". Companies that have not reached the holding level but have a large share of equity are equivalent to "outer disciples". As for those who have only made venture capital and have a share of equity not exceeding double digits, they can only be regarded as "miscellaneous disciples."

Fang Hong smiled and said, "It's not a big deal if things get out of hand. I'll be more motivated after things get out of hand."

The four words, true teachings, inner gate, outer gate, and miscellaneous duties, correspond to four levels of resources. You can obtain corresponding resources according to your level, and the resources will be improved step by step.

Resources are limited, so there has to be competition and the winner gets it.

Today's Qunxing will not accept you as a holding subsidiary just because you are willing to hand over the controlling stake. Especially with the advancement of a series of subsequent welfare projects and unified management, one more person will mean more expenses.

As long as you get the recognition of the stars, you will be taken care of whatever happens, the resources you deserve will be given, and the people you deserve will be taken care of. Naturally, there is a high entry threshold.

For outer disciples at this level, their position can be said to be a bit awkward, but from another perspective, it can be said that they are just one step away from being promoted to the inner sect.

Therefore, the employees of these companies must be more motivated, as they only need to work harder to achieve their goals. The company's managers will also be pushed forward by their subordinates and will be unwilling but forced to give up control regardless of their personal will.

If you don't hand over control, the stars won't recognize you. If you are not recognized, you won't get the allocation of good resources. If you don't get the allocation of resources, the company itself won't be able to offer such treatment. The key employees below will definitely run away and change jobs. The ones left will be misfits, and those with real talents will run away. The overall competitiveness of the company will inevitably weaken.

Employees are monks, and monks can run away; the company is a temple, and monks can run away but the temple cannot.

Therefore, companies corresponding to the outer disciples' echelon will either have to take the final step to move up to the next level and become a true member of the "galaxy", or hand over control and be bound by it.

Either you fall down or it is basically impossible to maintain the status quo.

As for the menial disciples, it doesn't matter. They won't think too much about it. It is unrealistic to think about running or even flying when they can't even walk steadily. It is better to walk steadily first.

These four levels are actually the four stages of Qunxing’s investment strategy, and are also the four key thresholds for the invested companies or teams to gradually enter the core circle of Qunxing from the outside to the inside.

The menial disciples are in the stage when the stars are casting a wide net. They all receive angel investments of several hundred thousand or one or two million, and then go about their business on their own. The stars will see who stands out. If they are good, they will follow up with the investment and increase the investment. At the same time, the equity ratio will also rise. Those who grow up will reach the threshold of outer disciples.

Outer disciples will get better resources than menial disciples, and then continue to compete and grow. If they fail in the competition, they will be eliminated. If they stand out at this stage, they will receive higher levels of attention from the stars, which means they are only one step away from becoming inner disciples.

The inner disciples are the backbone of the Qunxing. For investment companies, only by becoming a subsidiary of the Qunxing Group can they truly enjoy the shade under the big tree and enter the core circle. The resources obtained are a qualitative improvement. At this stage, they have completely left the entrepreneurial stage and are truly mature. The next stage is to further strengthen and expand. At present, there are more than 1770 holding subsidiaries under the Qunxing Group. Except for those that have been listed, the other non-listed companies are seed players. The next step is to land on the SGX and be listed.

The level of true disciples is undoubtedly the absolute face and core of the Stars. For example, companies such as Matrix Quantum, Xingyu Technology, and Jiuzhou Blue Arrow are the intuitive external manifestations of the Stars' strength.

……

(End of this chapter)