The technological flood of rebirth

Chapter 708: Huge little treasury

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After eating the braised noodles, I felt much better in my stomach. Although the braised noodles seem to be common people's food, which is far from the dishes of the state banquet, but it looks like how it is done.

Whether a meal is ordinary or not depends mainly on the ingredients. The quality of the ingredients directly determines the quality of the meal, not the form of the meal.

This is the same as boiled cabbage. If it is really boiled cabbage, it will naturally be an ordinary dish. If it is cooked according to state banquet standards, it will be a completely different situation.

The braised noodles made by Lao Li use top-quality ingredients and are naturally very delicious. They are no worse than the dishes at the state banquet. After eating, my stomach feels warm and I feel completely relieved from the wine I drank before. arrive.

"Would you like to host a banquet for some colleagues from Hong Kong tonight?" Zhao Yi wiped his mouth and asked Lin Hexia.

What he meant was that Lin Hexia had also received the care of these Hong Kong businessmen in Hong Kong, and now that she had come to her territory, she could entertain her without losing her etiquette. Only by having regular contacts could the relationship be maintained for a long time.

Although with the size of Hong Kong Umbrella Holdings, they don't have many business needs, but there are exceptions to everything. Some things cannot be solved with more wealth, but connections are more important.

In terms of connections, Hong Kong Umbrella Holdings still cannot compare with these businessmen who have been operating in Hong Kong. Moreover, Lin Hexia did not deliberately manage connections in Hong Kong, which is even worse.

Therefore, taking this opportunity to host a banquet for these Hong Kong businessmen coming to Beijing is very conducive to the operation of the Hong Kong Umbrella Holdings Company, and here, Lin Hexia does not have to worry too much about safety issues.

Hearing Zhao Yi's words, Lin Hexia thought for a while and said, "That's right, but today is probably very difficult. Everyone is busy, and their schedules today are probably full.

Now we invite them, probably tomorrow at the earliest. But where should we have the banquet, at home or in a restaurant? "

Inviting someone to the home seemed more sincere, but this method was usually a banquet given by the elders to the younger ones. Judging from Lin Hexia's business status, he did have such qualifications.

However, these Hong Kong businessmen are very old, and some of them can even be Lin Hexia's grandfathers. It seems a bit inappropriate to entertain them directly at home. At least they are not that familiar yet. If they are very familiar, this problem will naturally not arise.

Moreover, the Zhao family has not invited strangers to visit until now. Except for the presidents of his companies, it is rarely open to the outside world. Will this put Zhao Yi in trouble

This is why Lin Hexia asked Zhao Yi for his opinion. Hotels are simple. There are many famous hotels in the capital now. Not to mention the famous Diaoyutai State Guesthouse before, there are also very high-end hotels under the Shangtong Trading Company.

Zhao Yi thought for a while and said: "It's better to have a banquet in a hotel. It's more troublesome at home, and we haven't gotten to know each other to that extent yet. It's more suitable to have a banquet in a hotel.

This time it is just a simple relationship. After all, those who can be invited here to participate in the military parade have made contributions to the country. Strengthening contact in the future will be a good thing for both places. "

Hearing what Zhao Yi said, Lin Hexia nodded. Although being invited to his home would better demonstrate Zhao Yi's energy, after all, not everyone can afford to buy an entire park as their own residence.

So far, Zhao Yi is the only one who has this ability and has successfully purchased it. This property covers an area of 17.47 hectares, or more than 1,700 acres. It is not so easy to be purchased privately in the capital.

Maybe the numbers are not intuitive. For example, the Prince Gong's Mansion he bought before only covers an area of more than 90 acres. It has been called a mansion and was used to be a place where princes and nobles lived.

The area of his residence is nearly 20 times that of Prince Gong's Mansion, and there is nearly 700 acres of water area in it. The environment is also first-class in the capital.

The only regret is that this place is beyond the North Third Ring Road, and Prince Gong's Mansion is located within the North Third Ring Road. The geographical location is worse, but it is also within the North Fourth Ring Road.

Speaking of his old residence, Prince Gong’s Mansion, after he moved out, he asked ancient architectural experts to help restore it to its original appearance, and then opened it to the public for free viewing.

Originally, he wanted to sell Prince Gong's Mansion to the government. After all, it would not be of much use if he kept it in his hands. The reason for buying it in the first place was that he really had no place to live. He was about to graduate and needed a place to stay here.

On the other hand, I made a lot of money at that time, and my mentality was a bit inflated. After all, I had never seen so much money in my previous life or this life, and my mentality was a little lost for a while.

He just didn't expect that the government would actually sell Prince Gong's Mansion to him. This was something he didn't expect at all. Thinking about it later, it was because the government was really short of foreign exchange at that time.

Although Prince Gong's Mansion is also a famous building with a certain historical value, compared with the US$100 million, it does not hold as much weight in the government's mind. Besides, if it is sold to him, it may be better protected.

It wasn't that his status and importance were very high at that time, it was all because of his generosity. After buying it, he really renovated Prince Gong's mansion inside and out, and lived there for quite a long time.

But when he was about to sell it to the government at the original price, the government was unwilling to buy it. He asked him to keep it in his hands and asked him not to sell it to anyone else. It was a complete defeat in his own hands.

It stands to reason that the capital government is not short of money now. Not to mention the taxes paid by other companies, the taxes paid by his companies here every year are already very terrifying.

Later, he thought about it and felt that the government did not want to give up the truth. After all, the government took a big advantage. When he bought it, the value of 100 million U.S. dollars was different from the value of 100 million U.S. dollars when he wanted to sell it. Comparable.

Moreover, the premium paid for it at that time was quite high. Logically speaking, it helped the government tide over the difficulties. Especially since he later spent a lot of money on repairs, the actual value was even higher.

Judging from the contribution he made by moving out of Prince Gong's Mansion, it is no longer very important whether he can take it back or not. At least for the government, it is more secure in his hands, and it is also an affirmation of his contribution.

But it was a pain for him. After all, he didn't actually like living in that kind of old house. Although it was indeed a symbol of status, it was not as comfortable as living in a modern building, and the maintenance costs would only get higher and higher.

If he wasn't really short of money, he really couldn't afford to maintain such a big house. In fact, when he planned to open it to the public, he also thought about charging tickets. After all, charging tickets is not too much at home.

It’s not that he wants to make money, but he hopes that the ticket income can be used for the repair and maintenance of the building. In this way, he can be self-sufficient and does not need to subsidize it out of his own pocket.

But then I thought about it and let it go. He is already so rich. Not to mention his industrial assets, after all, he has never taken money from these industries into his own pocket.

In fact, he has a lot of assets through patent licensing and other assets. These assets include not only patent licensing fees, but also numerous state-owned enterprise technology shares.

Until now, he actually hasn't calculated too much about his personal assets. If it weren't for his good memory, he might not even be able to remember which state-owned enterprises he owns and which shares he holds.

In fact, these shares have nothing to do with his companies, and they were not purchased with the funds of his companies. They were shares occupied entirely through his own technology, and he did not pay a penny.

The most typical one is CRRC, which originally invested through technology and held 50% of the shares. Now CRRC is the only provider of high-speed rail vehicles and integrated systems in China.

As my country's rail transit construction scale increases, CRRC is likely to grow into the world's largest rail transit integrator and solution provider, with very good development prospects.

Of course, many of CRRC's core components and various ancillary facilities are provided by its subsidiaries, but the integration and overall solutions alone bring a lot of profits to the company.

This is just like mobile phone companies. Mobile phone companies rarely produce the hardware inside, but when buying a mobile phone, everyone still recognizes the manufacturer of the mobile phone, not the parts inside. CRRC is such a "mobile phone" manufacturer.

Except for CRRC, which holds a high proportion of shares, most other state-owned enterprises do not hold particularly large shares, basically maintaining between 5% and 30%.

Because many state-owned enterprises actually have a certain technical foundation. Although the technology they provide is indeed much more advanced, it is impossible to occupy too many shares. After all, they have not paid a penny.

This is different from CRRC Group. CRRC Group's previous rail transit technology was too backward and was not at the same level as the technology it provided. It was basically equivalent to the creation of a new group, and the shares it occupied were naturally very high.

Like China State Shipbuilding Corporation, they already had certain shipbuilding capabilities before he provided technology. His technology only boosted the company's growth and made it a globally important shipbuilding company in one fell swoop.

Although it is still a little behind Haiyan Shipbuilding Company, it has become the second largest shipbuilding company in the world. Its annual shipbuilding capacity has reached 15 million tons and it is also busy with orders.

Many state-owned enterprises have achieved great development after he provided technology. Although they cannot be compared with his own enterprises, after all, his own son naturally receives more care, but compared with the previous development status of these enterprises, there are A world of difference.

Although he did not care much about the value of these shares, he still sent a large number of financial personnel and supervisors into these state-owned enterprises to supervise their operations and financial status.

The main purpose of doing this is to standardize the operations of these state-owned enterprises. With the supervision of his dispatched personnel, the operations of state-owned enterprises will be more standardized and the loss of state-owned assets will be avoided.

If you are an ordinary person, it is difficult to supervise state-owned enterprises. After all, your arms cannot twist your thighs, and they may even ignore you at all. Moreover, you cannot supervise so many enterprises.

But he is different. He owns many companies, and his economic strength is not comparable to that of these state-owned enterprises. If he really does not take his supervision seriously, it is not said that he has the ability to directly raise issues with high-level government officials.

Even if he directly mobilizes his industries to conduct targeted competition for the business of state-owned enterprises, they are basically powerless to fight back, but he still has this confidence.

Therefore, the financial personnel and management supervisory personnel he dispatched have a high say in these state-owned enterprises. It is precisely because of this that they can play a role in regulating and supervising the operations of these enterprises.

Although they have not carefully calculated the value of these shares, they can still receive a large amount of dividends from these companies every year. Last year, the dividends given to him were as high as 20 billion yuan.

The reason for these dividends is not because these state-owned enterprises have a conscience and are good to their shareholders, but because these enterprises need to hand over a part of their profits to the national finance every year.

Therefore, these state-owned enterprises have to use their profits to distribute dividends. They cannot hand over the money to the state without giving it to other shareholders. This is an obvious asset transfer.

Including the patent fees he charges from his own companies, it brought him hundreds of billions of personal income last year, which is a quite terrifying figure for an individual.

Nowadays, it is difficult for those Fortune 500 companies in the world to have a turnover of hundreds of billions of yuan, and their profits are even pitiful. Therefore, they can live well without relying on their corporate assets.

Although the hundreds of billions of dollars is an exaggeration, the patent fees he charges are relatively low, and many patents are even friendly prices. After all, they are their own industries, and there is no need to charge too high patent fees.

After all, after receiving it from him, he didn't have much for personal consumption. In the end, it didn't get into the hands of his affiliated companies through various channels. It couldn't be left in the bank to earn interest.

Like last time, Future Space Technology Company was short of funds and wanted it to continue to inject capital. The 50 billion yuan it provided came from its own funds. Otherwise, it would have to transfer funds from other companies, which would be very troublesome.

For such small amounts of money, he basically doesn't bother to allocate funds from his subsidiaries. He can just take it out directly from his own treasury, which is much more convenient.

Moreover, the initial development funds for many of his new industries came from his small treasury, such as Beauty Jewelry, Xuantian Technology and other enterprises, all of which came from his small treasury.

Naturally, he can pay for such a small amount of money by himself, but for a company of the size of China Housing Company, and a company that has not seen profits for a long time, he has to rely on the profits contributed by its affiliated companies.

Anyway, his companies are all sole proprietorships, which are very different from joint-stock companies. For fund transfers, only 35% tax needs to be paid, which is considered personal funds.

Therefore, it is much simpler to inject funds from other enterprises into other enterprises than joint-stock enterprises. If it is a joint-stock enterprise, in order to reduce the tax paid, it is generally invested in the name of the enterprise. Otherwise, in addition to paying corporate taxes, personal taxes are also required. Income Tax.

The overall tax rate will be much higher, which is why many companies become larger and larger after development, because these shareholders invest in corporate activities in order to reduce tax payments.

If he uses funds from other companies and then invests in another company, it is a personal investment and he only needs to pay a 35% tax rate. In fact, he will have to pay this tax regardless of whether the money is taken out or not.

Because of a sole proprietorship, there is no distinction between company money and personal money. The company's money is personal money, and personal money is company money. It has unlimited liability.

In other words, if one of his companies is insolvent, then he must use his own money to fill the hole. Even if his own money is not enough to fill the hole, he still needs to bear the debt.

Without absolute strength and self-confidence, normal people would not register a company as a sole proprietorship. This is why companies in previous lives were basically joint-stock companies. Anyway, if the company goes bankrupt, it has nothing to do with the boss's personal assets.

This is a kind of protection for the boss. As for the boss who needs to pay more taxes when he takes out money from the company, there are many ways to avoid it. There is no need to actually take money out of the company.

The most typical one is stock pledge. If the boss wants to invest himself but does not want to sell the shares, he only needs to pledge the shares to the bank and get a loan from the bank.

This is the most common practice for corporate shareholders, so that they do not need to take out money from the company, and there is no need to pay personal income tax. This is why in the end, personal income tax does not rob the rich and give to the poor, but exploits the working class. .

Because of the high personal income tax, it is not possible to collect too much tax from the rich. On the contrary, those who work honestly for the capitalists need to pay a large amount of tax.

Moreover, the personal tax system in the previous life made it difficult to collect taxes from freelancers. Unless there was a fixed platform like the author, the platform would deduct the personal tax from the author's remuneration income exactly.

There are so many street vendors who actually make a lot of money, but it is difficult for the government to collect taxes from these people, so the personal income tax has gradually deviated from its original purpose, at least it is not that fair.

He once thought about registering a joint-stock system, but later he thought about it and rejected it directly. If he really registered a joint-stock system, then so many of his companies would be one company.

Imagine that if the size of a company accounts for more than 70% of the domestic economy, it would be a very scary thing, and it would really become a company that is too big to fail.

Moreover, such a large enterprise will be extremely difficult to manage. Even if it is supervised and managed by artificial intelligence, once problems arise, it will have a huge impact.

Not to mention this kind of company, the current companies under his ownership are all set up a large number of subsidiaries based on the actual operating conditions of the company to avoid bloated personnel and low operating efficiency.

Moreover, if a problem occurs in any company, it will only happen to this company and the problem will not spread. Risks can be isolated and collective risks can be avoided.

With his current asset status, even if a subsidiary has a problem, even if it has unlimited liability, he has enough ability to deal with it. If a huge company becomes insolvent, he may not be able to survive it.

This is why he pays special attention to the liabilities of enterprises. Companies such as China Housing Corporation stipulate that the debt ratio cannot exceed 50%. This is because the assets of China Housing Corporation are real houses, which have great High value preservation ability.

As for those high-tech companies, if they go bankrupt, they really won’t have many physical assets except patented technologies. At that time, he will spend a lot of money to fill the hole. This is too risky for him. Big.

So so far, only China Housing Corporation has a debt of about 20%, and other companies basically have no debt. Only in this way can he sleep peacefully, otherwise he will not be able to sleep well.

There are few people in the world who run a business like him, and only people like him who are confident in the development of their companies dare to structure their own business systems in this way.

Because no company can guarantee that it will not be in debt. In fact, many companies have a debt ratio of more than 60%. As long as it does not exceed 80%, they are considered to be in good operating conditions.

Not only does his company have no debt, it even provides a large amount of profits every year, which can be used to develop other industries. Otherwise, the China Housing Corporation would not exist.

With the acceleration of urbanization and the increase in the number of cities involved, the amount of funds that China Housing Corporation needs to consume every year is also increasing, from less than 1 trillion yuan before to 4 to 5 trillion yuan now.

It is likely that there will be further increases in the future. Until he thinks that China's urbanization construction has come to an end, it will be reduced in scale and enter a stage of stable operation, and then it will be enough to maintain these buildings in peacetime.

He also redistributed his huge profits to society through China Housing Company, which not only allowed wealth to effectively flow into rural areas, but also supported the development of other infrastructure-related enterprises.

In the process of urbanization, there are many industries involved, the most typical ones are basic industries such as steel, cement, sand and gravel, and then the home decoration design industry.

Then there are home appliances and other home-related industries. Therefore, the process of urbanization is not simply to allow Chinese housing companies to own a large amount of housing assets, but the entire industry chain surrounding urbanization will usher in great development.

Workers who are dependent on these industrial chains can get their own remuneration, and then these people consume agricultural products, industrial products, high-tech products and service products with their remuneration.

Among his companies, they all occupy absolute market positions in the fields of agriculture, animal husbandry, industrial manufacturing, high-tech and service industries, which means that most of the money flows back to his companies.

He then invested the money to form a virtuous cycle, allowing the domestic economy to continue to grow and develop, thus benefiting all parties.

And his assets are constantly increasing in this process, and his personal wealth is also constantly increasing. If it is other businessmen, it is likely that they will start to play with capital and start using capital to make money, leading to eventually becoming a member of society. borer.

This is why he is not very interested in finance, because the size of the people who benefit from finance cannot be compared with that of entities. Otherwise, if the finance of Yingjiang was so developed in the previous life, the gap between the rich and the poor would not be getting wider and wider.

If he really plays the same tricks as other capitalists, then the future earnings of China Real Estate Company alone will be very scary, and the scale of assets will be even scarier.

But according to his philosophy, China Housing Corporation is destined not to do that. The main purpose of China Housing Corporation is to provide residents with an acceptable and stable living environment.

The income they earn, on the premise of maintaining a certain profit margin, is mainly used for environmental improvement, building repairs, property quality improvement, etc.

If he really wants to collect tickets from tourists at Prince Gong's Mansion, wouldn't it be a joke? It's better not to charge them. Anyway, the tickets collected are just a drop in the bucket for him. (End of chapter)