Chapter 662: 662
“I need some time to consider about this . Don’t you know that my father’s Tai Hua Agriculture Products company is a competitor of New Hope Group? Their New Hope Group is China’s number one animal feed supplier, and my father’s company is number two . ”
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Liu Chuanzhi was stunned . How could he know about this? Manager Feng’s father business was really successful . China’s number 2 biggest animal feed supplier? But how come this company’s name was so familiar?
“Manager Feng, even if both of you are competitors, it is also a healthy competition . There is no need for you to treat each other as enemies . Furthermore, the both of you also do not have conflicts before . This should not be a problem, right?”
“Manager Liu, I have no problems . Can you help me ask Liu Yonghao out? I would like to speak to him . ” Feng Yu smiled .
Actually, when Tai Hua Agriculture Products company was newly set up, Feng Yu had wanted to recruit Liu Yonghao . But at that time, Liu Yonghao and his brothers’ animal feed factory were already set up and was very successful .
Sichuan province was China’s biggest pig rearing base . It was the world biggest pig rearing base . With this strategic location, the New Hope Group was able to develop rapidly .
Tai Hua Agriculture Products company’s animal feed was mainly supplied to its own pig farms . They were unable to enter the Sichuan market .
Feng Yu did not know Liu Yonghao, but Zhang Ming knew him . It was because Tai Hua Agriculture Products company had snatched part of New Hope Group’s market share .
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Luckily, the New Hope Group does not only produce pig feed . They also produce cows, goats, chicken, ducks, etc . feed . They might be affected by Tai Hua Agriculture Products company, but the impact was not that big .
Feng Yu was very interested to know the Liu brothers, especially the eldest brother, Liu Yonghao .
“Ok . I will arrange this meeting . I will let you know the time and place . Do you think this Minsheng Bank is possible? Will people deposit their money into this bank?” Liu Chuanzhi worryingly asked .
“Banks are just Qianzhuang in ancient times . If we are going to set up a bank, we must first let the people have confidence with us . Then we will make use of high saving interest rates and low-interest loans to attract customers . It is very easy to run a bank . ”
In this era, the hardest part about setting up a bank was the issue of withdrawing funds from other places and the charges involved . If there were no branches in certain areas, the customer would not be able to withdraw their money, and even if they could, there will be charges .
The advantages for Feng Yu to join this venture was the number of his employees and the financial capacity of his companies . Even if it were only his employees who used this Minsheng bank, it would be a considerable amount . If all of Feng Yu’s companies use Minsheng Bank for their transactions and accounts, it will be perfect .
That day, after Feng Yu returned home, he called Zhang Ming and asked him to come to Beijing . Even if Feng Yu did not partake in this venture, it would still be suitable for Tai Hua Agriculture to form a partnership or collaboration with New Hope Group .
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Now was the best time for banks in China to develop . But at the same time, it was also the most challenging period . This was because the existing banks in China were not as powerful as the future years . There were also lots of loopholes that were not discovered . The banks also faced many interventions by the government . For instance, the local government will interfere with the bank’s operation and management, even though they do not have the authority to do so .
Currently, there were many banks in China, and Iron Fist Zhu was the Governor of People’s Bank of China . He was an expert in economics . The government banks were developing rapidly during this period and had eliminated many malpractices . Furthermore, there were no banking alliances yet . Although there were ATM cards now, there were not many ATM machines around, and there were no POS machines . People were still using bank books .
The interbank transactions were troublesome, and UnionPay was not set up yet . There were high charges for transactions . It was tedious for a new bank to establish a relationship with all other banks .
Furthermore, the people were still having the old mindset . When they heard this was a non-government bank, their first thought was “this bank is not safe . ” What if they deposit their money into this bank and cannot withdraw it? What if it closes down?
A shareholding bank was the same as a shareholding company . A company will have the risk of being bankrupt and close down . People had seen lots of companies shutting down these few years .
But Feng Yu wanted to be part of this venture because Minsheng Bank was able to let him take loans and the paperwork will be simplified, and he could get a higher amount .
After UnionPay was set up, there will be more ATM machines around, and Minsheng bank should be able to grow . Feng Yu did not expect to earn much from this investment . He just wants the convenience when he needs to get loans .
These people wanted to set up this Minsheng Bank should also have the same thinking . This was a different way of raising funds . Legally raising funds .
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In the future years, these people who founded Minsheng Bank, all took lots of loans from the bank . Their businesses grew and developed rapidly because of the availability of funds .
……
3 days later, all of them met in Quanjude’s private room .
If the meeting were held in the office, it would be a formal meeting . This meeting was held in a restaurant . It was more like a gathering of friends . Even if no deals work out, there will be no hard feelings .
Liu Yonghao was stunned when he saw Zhang Ming . “You are Manager Zhang of Tai Hua?”
Zhang Ming smiled and extended his hand for a handshake . “Mr . Liu, this should not be the first time we met . I thought you have forgotten about me . ”
Liu Chuanzhi immediately introduces: “Tai Hua Agriculture Products is owned by Manager Feng’s father . Manager Feng, this is Mr . Liu Yonghao . ”
“Nice to meet you . I’m Feng Yu . ” Feng Yu smiled and extended his hand .
“Liu Yonghao . I have heard a lot about you . I finally get to meet you today . I never expect that Tai Hua Agriculture is owned by your family . ”
Liu Yonghao did not leave immediately after he saw Zhang Ming and Feng Yu and Liu Chuanzhi was relieved . “Let’s have dinner . I have ordered the dishes . Let’s talk over dinner . ”
Liu Yonghao arrogantly said: “The ducks from Beijing Quanjude are fed with my animal feeds . Now, most of the farms all over China orders their animal feed from us . ”
Liu Yonghao glanced at Zhang Ming . He only has animal feed for pigs . How can he compete with New Hope Group?
Zhang Ming laughed and replied: “We have Tian Peng Pigs . We are the number one pork supplier in China . We also have pig farms and ham products . Oh, we are selling our products in Tai Hua Supermarket . It’s Tai Hua Supermarket . You get what I mean?”
Tia Hua Supermarket, Tai Hua Agriculture Products? These two companies are related? Liu Yonghao looked up and saw Feng Yu smiling . This Tai Hua Supermarket belongs to his family too? But it was reported that Hong Kong richest man, Superman Li, had invested in this supermarket . This supermarket had something to do with Feng Yu?
Feng Yu gestured to Zhang Ming to stop him . “Zhang Ming, Mr . Liu’s New Hope Group, is really better than us in animal feeds . But, Mr . Liu, your company, is run by you and your family . Are there any conflicts between you and your brothers when you all split the profits?”