typeface
large
in
Small
Turn off the lights
Previous bookshelf directory Bookmark Next

Chapter 493 Insight into the undiscovered market

It was rare to have a midnight snack so late after get off work. As soon as he went out, Wen Liang immediately felt the chill of the capital in the middle of the night in winter.

The north wind howls.

At that moment, the clothes on my body couldn't stop me at all.

All that was left was trembling.

Both of them couldn't help but breathe heavily to resist the cold night air.

One thing is bad about big cities in the north. The indoor heating is turned on so much that it is not as warm as spring, but as warm as summer. You can eat a popsicle to dissipate the heat.

But the outdoor temperature will test the thickness of your clothes, and the north wind will also make you unhappy today.

However, even if you have enough clothes and are tightly wrapped, the moment when summer turns to cold winter is still very harsh.

Fortunately, a Mercedes-Benz quickly stopped in front of Wen Liang, the wind was blocked, and he was able to land.

Mr. Wang Wanyu set an example to save money and chose to take the same car back to the hotel with Wen Liang.

The street lights on the street flickered across her face through the windows of the speeding cars. Wang Wanyu said casually: "The group's business classification should be comprehensive."

Wen Liang replied: "Absolutely."

"Still bad?"

"In my personal opinion, there should be one more business classification."

"There are terminals, the Internet, semiconductors, investment banks, communications...what's more?"

"Well, I'm not sure yet."

Wang Wanyu couldn't help but take a deep breath.

As the Bolang God of Wealth, and as Wen Liang's aunt, she usually doesn't have much direct communication with Wen Liang.

Wang Wanyu can always find the unfinished parts of the affairs she is in charge of.

Do more.

Say less.

The overall presence within the Bolang Group is not very strong, not as good as that of Yang Yun, Xin Dai, and Li Ze who were also former vice presidents, and not as good as Chen Jiaxin.

It’s almost the same as Tang Pu’s presence before.

On the contrary, after she came to the capital this time to set up an investment banking team, Wang Wanyu had more interactions with Wen Liang. The more they communicated, the more she realized Wen Liang's unique excellence.

Compared to Wang Wanhua, Wang Wanyu, who brought up Wen Liang single-handedly, is actually more like a mother. In fact, she is not very able to see Wen Liang's serious and busy look, and it is easy to feel distressed.

It's not that excellence is bad, but it's a kind of maternal nature.

In the past two days, Wang Wanyu occasionally found time to cook for Wen Liang.

For example, it’s not like I have to work overtime tonight.

Of course, Wang Wanyu and Wen Liang did not live in the same villa. They each had assistants and other people around them. For example, under normal circumstances, Lixia, Wan An and two other 'drivers' would live in the same building as Wen Liang.

For example, when we stayed at the Foreign Hotel before, the rooms of Lixia, Wan'an and the 'driver' staff were all on the left or right side of Wenliang's room or directly opposite. Lixia even had the door card for Wenliang's suite.

The suite also has a living room and even a study room, bedroom, and bathroom. They are all independent rooms, so they cannot be disturbed under normal circumstances.

It is also interesting to say that although Wen Liang's assistant and secretary are both women, there has never been any sexual incident surrounding him.

This is mainly because Wen Liang is too young, and his assistant Lixia is not only married, but also nearly 10 years older than Wen Liang, and he is not really beautiful. It can only be said that as the Bolang Group has grown, his level has caught up, and he has temperament.

There is also aura.

As for secretary Wan An...that old-fashioned woman with big thick eyes and an old-fashioned temperament?

People who can't even laugh don't want dogs.

And in fact, many people in Bolang have encountered the scene where Wen Liang and Su Jian took Xiao Li Rang.

As for Xiao Li Rang, who often appears in Wen Liang's office, the members of Bolang who previously worked at IFC all know that she is Wang Wanyu's baby daughter, and as long as they are not blind, they will know that Su Jian and Wen Liang are in an intimate relationship.

In popular opinion, only Su Jian, who is too young, beautiful, and energetic, is as talented as Wen Liang...

Wang Wanyu glanced at Wen Liang beside her: "After the investment banking business has basically taken shape, what are your plans? Will it develop stably for a period of time?"

"The next phase of development affairs will be integrated before the investment banking business takes shape." Wen Liang answered truthfully, "Stable development has no chance with Bolang."

Wang Wanyu thought for a while and asked: "How to say?"

Wen Liang answered calmly: "There are many factors. For example, the actual environment determines that after a company like Bolang develops, the outside public and the upper management will place overwhelming expectations on it."

Then he explained in a calm tone, clearly and patiently: "It's not that other companies really can't do what Bolang is like, but from a top-level perspective, other companies lack a strong sense of mission and lack the leadership of a sharp person like me. Not truly “no expense spared”

"As for Bolang itself, it is not a big problem that it has been unable to stop the pace of expansion. The group has always emphasized a development approach that attaches equal importance to expansion and internal system construction. It is not that there is no perfect solution to every incident, but I leave a hole for everyone to discover internal shortcomings. To pay down debt like developing a specific version of software."

"The problem is that in the next year at the latest, part of Bolang's business development will enter a real no-man's land, and may even face no reference. At that time, it may not just be solved by throwing money, but someone will need to break it. The only problem is the bottleneck of scientific and technological development.”

"Now, although we have planned to establish an original technology laboratory through the platform of Huagong, a total of 10 billion will be invested in batches to support original technology exploration;

However, in fact, the projects that have been carried out so far still have vague reference objects or vague theoretical assumptions;

Take oil as an example. Although my country's theory of continental oil generation is a new line, strictly speaking, the breakthrough was made because we knew that oil must exist on the earth;

In the future, Bolang may face only assumptions without any vague theoretical guidance, not knowing whether the way forward exists and whether the direction is equivalent to the research and exploration of a series of issues."

"For example, many people know that computers have a development bottleneck right around the corner. For Bolang, it is not a question of how to break through, but a breakthrough that must be made."

After saying this, Wen Liang spread his hands: "But at the same time, we are still facing some practical problems that cannot be avoided for a long time, and these problems may not be solved yet."

Wang Wanyu was silent for a long time before she said a few words: "I will always be in the quagmire."

Instead, she was not curious about why Wen Liang was so determined and sharp, because she knew that Wen Liang really had an ideal in his heart.

She also knew that beyond the distant ideal, Wen Liang really wanted to see the stars and the sea.

In fact, Wen Liang sees many things very clearly.

It’s not that Bolang must be chosen above, but other than Bolang, even short people can’t be chosen.

There are some very cruel truths. China has never been unable to develop civilian technologies, such as chips, semiconductors, operating systems and a series of grassroots support systems.

But first of all, most companies that choose this industry are unable to commit to something that may take a long time to see results.

Most people would choose the latter between surviving a life of survival and living in glory and hustle and bustle.

Secondly, there are some people who deeply feel that all their free money is spent on scientific research, and they exploit designated support funds at all levels.

In the end, the current situation of future generations is formed, which is forever waiting for tomorrow.

Specific to the issue of R&D chip size.

Loongson, a well-known company in China, is a good example.

Its size is really small. It was listed in 2022 and has a market value of more than 30 billion with a static price-earnings ratio of 134 times.

In 2020, when the completely independent instruction set system Loongarch was launched, Loongson’s revenue was only 1 billion yuan and its net profit was 77 million yuan.

In the earlier years of 2018 and 2019, revenue was only 9.3 billion and 8.6 billion respectively.

However, judging from the known current situation, Loongson looks more and more like a Quixotic company.

After all, people just prefer to believe what they want to believe.

It’s not that you have to be physically strong to do something, it’s not that you don’t have the ability, it’s not that you can’t do it by spending money, it’s just that there are many unexpected human factors.

For example, from a gentle perspective, he believes that the Industry and Information Technology Corporation, including Lao Miaotou, has somewhat forgotten the experience of 2009.

In 2009, when there was a shortage of cores and small screens, Industry and Information Technology personally led a team to purchase LCD panels from Wanwan. Later, Wanwan reached an agreement with South Korea and jointly imposed domestic sales restrictions and price increases, and then implemented reforms. Industry and Information Technology issued a document to support self-built production.

Line, invest money to support.

In the era without Bolang, that kind of scene would just happen again and again in another industry.

…………

The 22nd is the light snow solar term, Friday.

Before nine o'clock, Wen Liang had already arrived at Bolang International Investment Bank to work... On such a cold winter day, a big boss can still be so active. He is a ruthless person.

When we arrived at the company, we had a cup of warm tea. Wen Liang didn't bother to chat, and quickly started a small meeting.

There were not many people attending the meeting, including Wang Wanyu, Zhang Qian, Qiao Jinyao, Chen Keng, Lin Hong, who had been here on business since following Wen Liang to the capital in October, and Duan Jiajing, who was allowed to attend the meeting.

Of course, there are also the inevitable minutes of all meetings that Wen Liang participated in, this time it was the beginning of summer.

"Investment banking business is busy in its initial stage, and there are a lot of administrative matters ahead. Two overseas market headquarters on Wall Street in New York and Financial Street in London must be established as soon as possible."

Wen Liang went straight to the point without being long-winded.

"Before this, investment banks must establish two key departments, one is compliance and the other is risk control. The two departments must have their own focus, especially the compliance process in overseas markets must be quickly improved. Mr. Lin, you will be in charge. For the time being,

Also serves as compliance officer of an investment bank.”

Lin Hong responded quickly: "Okay, Mr. Wen, don't worry. We have the compliance procedures of Bolang Group's other overseas businesses as a reference. It won't take too long. Moreover, the American Market's Consumer Protection Law also covers financial products."

Already."

Wen Liang continued to make a series of arrangements: "..."

There is something quite ‘unique’ here. The situation of domestic companies going overseas is not very ideal, and it has a lot to do with compliance.

Under the premise that various domestic laws may be explicitly given over to economic development, companies that are capable of going overseas will basically find it difficult to adapt to local regulations in overseas markets.

Even when it was always difficult to adapt, everyone cleverly came up with a solution, domestic labor dispatch, which perfectly solved the compliance problem and continued not to treat people as human beings.

On the other hand, when foreign companies come to China, well-known ones can basically comply with local regulations quickly.

This is also the joke Wen Liang told Lao Miaotou, 'Foreign companies in China know how to respect workers better than domestic companies.'

In fact, some foreign companies that cooperate with domestic companies are often more concerned about the labor legality of the cooperative companies because they are afraid of the iron fist of the laws and regulations in their locations.

To be honest, even Asan may be better than domestic ones in this regard.

To be honest, the country really attaches great importance to compliance. In 2022, state-owned assets announced that central enterprises will establish a chief compliance officer from the 11th National Day onwards, and the general counsel will also serve as the chief compliance officer.

Can you believe it?

Needless to say, compliance had a lowly status before, right?

"..."

Finally, regarding some more specific personnel arrangements, Wen Liang said: "The investment bank will expand rapidly in the future, and some personnel arrangements will be made first. Of course, we respect personal wishes, because the investment bank will be headquartered in Beijing and will work in Beijing for a long time."

"Qiao Jinyao acting second analyst."

"Zhang Qian acting co-CEO."

"Chen Keng concurrently serves as risk officer."

"In principle, the construction of other sub-business modules will be completed by Lishu to assist you."

"If you have any opinions, you can raise them."

Seeing that no one had any objections, Wen Liang stood up and said, "Okay, that's it."

Huang Cenyu and Zheng Qi, who are also core members, have not been assigned administrative duties. Their focus is still on specific affairs.

It has nothing to do with whether Zheng Qi is a student or not.

The system built by Bolang is not so dependent on the position, but mainly on the rank.

For example, who dares to say that Chen Jiaxin, who is not the vice president now, has a low status?

For example, who dares to say that a large number of technical staff such as Yang Xingshan, Dai Li, and Lin Tong, who only joined in the second half of last year, have low status. They can directly talk to Wen Liang and directly refute Wen Liang's views.

On the other hand, the average senior administrative management can only do what they are told.

There was basically no room for rebuttal and I was often scolded, because Wenliang would basically give everyone ample room to display themselves beforehand.

But if he can't do it, Wen Liang won't be merciful and will reprimand him face to face.

After the meeting, Wen Liang signaled to Duan Jiajing and Li Xia and asked them to stay.

Wen Liang looked at Duan Jiajing and said bluntly: "Duan Ke, we will need a lot of free office space in the future. Please give feedback to Xu Si and the others."

"In principle, it's not a big problem." Duan Jiajing replied, "However, Mr. Wen, as far as I know, the current level may not be enough, and some substantial results are needed."

Wen Liang waved his hand nonchalantly: "Just give us your feedback and the results will come soon."

Turning to Lixia: "I've been busy recently. You will take the lead in the recruitment. Find three other acting co-CEO candidates within the group as soon as possible. I will see them in the afternoon."

"Understood." Lixia nodded and left.

…………

Later, Duan Jiajing was still thinking about the word 'compliance'... She knew that this was the most distinctive point of Bolang Group.

Wen Liang has already walked into the decision-making center again and directly arranged: "It is not yet 9 pm Eastern Time, and before 8 am Eastern Time tomorrow morning, I want to see Bolang International Investment Bank displayed on the main advertising screens on Wall Street and even in Manhattan.

vision in Chinese and English.”

At this moment, Duan Jiajing, who was confused, subconsciously asked: "What vision."

Someone answered: "Insight into undiscovered markets."

-


This chapter has been completed!
Previous Bookshelf directory Bookmark Next