Chapter 124 Talking about the future with Aunt Xue
"What?! You don't know, this company has nothing to do with my Lao Yu!
This brat did it!
This guy was so bold that he broke into the director's office and asked for a debt-for-equity swap! Use the money owed by the machine factory to my family to be converted into shares!
You know, when Lao Yu and I learned the news, we were shocked!
Unexpectedly, this kid actually did it!
Not only did the director not blame him for breaking into the office, he also agreed to hand over the management rights to him!
It was originally a machinery factory, but who would have thought that it would turn into the current Huayu Construction Investment Group Company!" Zhao Shumin said with half pride and half fear.
I have been holding these words in my stomach and dare not say them to outsiders. Now I don’t have so many scruples when facing my best friend, so my mother opened up the chat box.
Xue Qin looked at Yu Qingyang curiously and couldn't believe that this sunny boy in front of him could actually do such a big thing.
Yu Qingyang's behavior was indeed a bit rebellious in the eyes of the older generation.
However, Xue Qin is someone who has stayed in a big city for seven or eight years and passed the ACCA exam.
Naturally, the vision cannot be compared with that of people in mainland cities.
What Xue Qin saw was Yu Qingyang's courage, courage and strategy.
For a successful company, it is very important whether the leader has courage.
At the beginning of a business, a company relies on the entrepreneur's courage and personal charisma. After the mid-term, business management, corporate culture, etc. will turn to systems to manage the company.
"Yangzi, your mother told me that he was the financial director. How come you became the vice president and director?"
"Aunt Xue, you are a financial expert! A financial expert with ACCA! How can a financial director be worthy of your status?"
"Aren't you afraid that I won't be able to do the job?"
"Aunt Xue, although I don't know you well, I know my mother, and I believe in my mother's vision. If she says you can do it, you definitely can do it!
Besides, ACCA cannot be obtained by relying on connections! It is the most authoritative accountant qualification certificate in the world!" Yu Qingyang said with a smile.
"Okay! Seeing that you are so good at talking, Aunt Xue agrees to you! When will you go to work?" Xue Qin smiled and nodded.
Anyway, there is no good place to go for the time being, so I will just be my best friend’s son!
Such a mature, steady, and motivated young man would be perfect if he could become his son-in-law.
With ACCA, Xue Qin is not worried about finding a job, but as a person who can pass ACCA, he will naturally have his own arrogance.
She looked down upon ordinary positions.
However, in China, positions such as accountants, accounting supervisors, and financial directors are all direct descendants of the boss.
Small companies cannot afford to hire her, and large companies have their own direct descendants.
Another one is that in inland cities, a certified public accountant certificate is enough. There are very few companies in inland cities that need to conduct cross-border financial settlements.
So, it's funny that Xue Qin, who holds ACCA, which is known as the golden rice bowl, can't find a suitable job for a while.
Without waiting for Yu Qingyang to answer, Xue Qin asked again: "Yangzi, what is the main business of Huayu Construction Investment Company?"
Yu Qingyang knew in his heart that Xue Qin's seemingly casual inquiry was actually testing himself, so he thought about it seriously before answering: "The early stage is about water conservancy engineering machinery manufacturing and water conservancy engineering!
First, seize these two businesses and let the enterprise enter a virtuous cycle.
The plan for the next five years will gradually extend to municipal engineering, highway engineering and construction engineering, real estate investment and other fields!
In the next ten years, the company's development direction will be investment in large-scale infrastructure construction.
In the future, we will go abroad to compete with large foreign companies, and we will also undertake some state-aided construction projects."
"Large-scale infrastructure investment? Are you talking about 3P projects? Hasn't investment in 3P projects been terminated in China?"
The 3P project is the English abbreviation of PPP project, public (government), private (individual), and partnership (cooperative relationship).
That is, the government reaches cooperation with private capital to provide the construction of urban infrastructure projects, or to establish a corporate model partnership for certain public services.
There are many public facilities in our lives that need to be provided by the government, such as building bridges, paving roads, building airports, water supply, power supply, hospitals, schools, etc.
In foreign countries, private capital is allowed to join these public facilities in a PPP situation.
This model has been operating in the world for 100 years. In the 1990s, China also introduced Hong Kong capital and private capital to build expressways through the PPP model.
But this year, the state stopped infrastructure investment in the PPP model.
The main reason is that the country is rich, and with the urban reconstruction, the government's fiscal revenue has been greatly improved, so there is no need to continue to introduce social capital.
"Aunt Xue, the 3P project model is a trend!
The state's suspension will only be temporary!
Now the government has money, but where does the money come from?
In fact, all knowledgeable people know this!
To put it bluntly, it is the money to buy the land! Through urban reconstruction and development, the value of the land will increase, and then the land will be sold!
This economic model will not last long! The Xiangjiang property market bubble, the RB property market bubble, and the Nanhai property market bubble all indicate that the real estate economy can only be temporary and cannot become the economic pillar of a country!
What to do when the land is sold out?
With the growth of population and economic development, Chinese people have higher and higher requirements for public facilities. When the national fiscal revenue cannot meet the investment in public facilities, what should we do then?
It is necessary to liberalize the 3P model and introduce social capital to invest in public facilities to make up for the country's investment gap in public facilities."
"You just said that the country's economy will get better and better, which means that the country's fiscal revenue will get higher and higher. How come there is no money to invest?"
"Aunt Xue, let's not talk about the far distance, but just talk about the widening of Jingshi East Road, which is a hot topic in our spring water!
Many people shouted that it was a waste of money and people! Quanshui City doesn’t need such a wide road!
However, have they calculated the growth rate of domestic automobiles in recent years?
According to estimates from the China Machinery Industry Federation, China's automobile growth will grow at an annual rate of 20% in the next few years!
Calculating based on this growth rate! Maybe within ten years, Jingshi East Road, which is now called a waste of people and money, will become congested!
The increase of a large number of cars will inevitably bring higher demand for roads!
There is bound to be a need to build more roads and more expressways!
This is only investment in highways, and urban development is still in its infancy.
When some big cities taste the benefits, all cities in the country will follow suit!
However, the economic development of each city is different. Not all cities have the money to carry out urban renovation and development, and then buy land to obtain huge profits!
What should I do? I must get a loan from a bank!
But the government does not belong to the economy. It is illegal for the government to borrow from banks!
So what should we do? We can only get loans through businesses!
Through some large state-owned enterprises, we borrow money from banks and then invest in public infrastructure and carry out urban reconstruction and development.
Then we can repay the loan through selling land or other financial income!”
"Yangzi, I understand! The reason why you invested in a state-owned enterprise and were willing to give up your control is because you don't want to change the nature of the enterprise!
Do you want to make a fuss about the government's use of loans from state-owned enterprises to build public infrastructure?" Xue Qin suddenly realized.