The Birth of Shanghai's First Conglomerate

In the past six months, the most frequent calls Chen Pingsheng received were from people asking him to borrow money.

It's either this or that; people won't say they're facing any major difficulties, they'll just say it's a temporary measure to make ends meet.

He will also receive 10% annualized interest upon maturity.

If he didn't know the current situation, he probably would have donated some of it to relief efforts.

Or perhaps they're taking advantage of a bargain.

But now that he knows the situation, he won't take over any assets, no matter how tempting they are.

They can stabilize their own businesses without cutting wages or implementing any employee layoffs.

That means making a great contribution to society as a whole.

The most important thing right now is to stay calm, stay calm, and stay calm again.

Any asset that seems very attractive may be temporary, and in a few years it may turn from a hot commodity into a hot potato.

Not only did many people come to him to borrow money, but many also came to Song Yanxi.

Even the Tang family spoke up.

That is, Song Shuiqing's family. They are also in the real estate business. Their debt ratio is not too high, but it is not very low either.

If housing prices fall by more than 30%, people like them will face a life-or-death crisis.

This is an example of how a small change can have far-reaching consequences.

Although many people say it's impossible for things to fall to that point, the government absolutely will not allow it.

But in reality, if things really come to that point, high housing prices will probably become nothing more than castles in the air.

If they set prices too high and no one buys them, these real estate developers are all in danger.

So all he can do now is warn people to find a way to cash out quickly, rather than using his own money to help those in need.

Once this precedent is set, countless people will seek him out.

Let's not help anyone at all. Let everyone take care of themselves first, and we'll talk about it when we really can't survive.

Song Yanxi is actually quite annoyed. Having many friends is good, but what if all your friends come to you to borrow money?

That would be really annoying.

She herself is also prepared to sell off everything she can, especially those assets that are about to depreciate in value.

She had to at least make it seem like her family wasn't doing well either, so she could refuse when people came to borrow money.

Song Yanxi took out her asset accounting book. She had several copies on her computer, and she had also filled out a long one in her notebook.

She has many assets she can sell, but the ones she should definitely sell most are those that are about to depreciate.

After thinking it over, Song Yanxi decided to just get rid of the villas in Shijingshan, Tianjin Meishu Jindao, Xiangjiang Jialieshan Road, the billion-dollar resort in Qingdao that she had never stayed at, and Shenzhen Bay No. 1.

That way she can cash out over two billion. She's already sold her house, so you can't very well ask her for money again.

There's no way around it; everyone's having a tough time right now. If she's too good, she'll inevitably attract jealousy.

Getting rid of these houses would not only provide a reasonable excuse, but also let everyone know that my family is just like yours.

No one should borrow money from anyone else.

Song Yanxi could only post this information in the circle of the wealthy. She was more direct and sold everything at an 80% discount.

Since these houses were bought relatively early, there's no way they'll lose money, but making a profit is also impossible.

After she has sold all these depreciating assets, she still needs to discuss with Chen Pingsheng which shares to buy next.

Domestic options are unlikely to be available, while overseas options are relatively more stable.

Song Yanxi still has her own ideas. As a business owner, if you can't correctly judge the future situation, danger might suddenly appear from any direction.

Their family is actually fine; they just need to put on a show for others.

Her husband still has so many high-quality shares; he could easily sell one and it would sustain them for a year or two.

If all else fails, just throw everything away. Even if the overall economic environment declines for ten years, we can still get through it.

In ten years, Tengfei New Energy should have risen to prominence. Once Tengfei New Energy is truly established, their family will no longer have to worry about cash flow.

The only problem now is that Tengfei New Energy, including Tengde Times, suffers losses of between 300 and 400 billion yuan annually.

This is the main reason why their family wants to sell off assets.

Otherwise, why would we need to sell? No matter what happens outside, as long as we don't sell the house, we can still get four or five billion in dividends every year.

Don't live too carefree a simple life.

As for Chen Pingsheng, people are already posting about the CEO training program's activities, which is essentially a reunion for their graduating class.

Tong Zhelan, who was far away abroad, asked him if he wanted to participate.

Chen Pingsheng refused without hesitation; he didn't have a very good relationship with those people in the CEO training program.

His close friends Tong Zhelan and Shen Nanpeng have both settled abroad. Those two are shrewd; they moved away incredibly fast.

Old Yang, who stayed in China to work in the tourism industry, and Liu Hai, who worked in real estate, are both in dire straits.

Even He Bijun, who raises pigs, is now facing numerous difficulties.

Holding a CEO training class gathering under these circumstances can't possibly be a good thing; it'll just be about borrowing money.

After hearing that he wasn't going, Tong Zhelan simply stopped coming back.

Chen Pingsheng also sent a message in the CEO training class, briefly explaining why he wouldn't be going, and then ignored it.

He lay back in the CEO's chair, somewhat uninterested, but then something came to mind.

"Qiu Nan, how's your sister doing?"

"She's doing well. My sister opened her own Deer Antler Coffee franchise, and business is pretty good."

"Hmm... selling coffee is definitely much better than selling milk tea these days."

This year's milk tea market is incredibly competitive, it's practically insane.

Countless young people have joined these businesses with their parents' money, only to end up with nothing.

Bobo Milk Tea can only maintain its basic customer base; there's little chance of further improvement.

"Uncle Chen, why did you suddenly think of asking about my sister?" Lin Qiunan asked him curiously.

"I just want to see what's going on with you ordinary entrepreneurs now!"

Chen Pingsheng stopped dwelling on the issue and instead asked, "Have you ever thought about not being a secretary and taking on a more substantive position?"

"No, it's so nice to stay by Uncle Chen's side, I don't want to leave."

"Then forget it. With your experience, you should take on a real position. That would be very beneficial for your future."

Chen Pingsheng said, "I'll call Qiu Yan and see if there's a suitable new position for you at the Dream Fund. Spending two years at a startup and truly developing your own entrepreneurial experience will definitely be very beneficial for you."

Being a secretary for a long time is actually quite boring.

Lin Qiunan is an inspirational girl who climbed out of a remote mountain village; her future cannot remain in the secretary's office forever.

We must send her to work at the grassroots level for a few years.

Now, the group sends promising newcomers with ideas to the Dream Fund, where there are many startups.

Everyone starts out pretty much the same; whoever rises and who falls eventually depends entirely on their own abilities.

Lin Qiunan might have been able to build a listed company in the past, and then she would have truly returned home in glory.

Lin Qiunan did not refuse. She knew that Chen Pingsheng would not harm her now, nor did he dislike her for being a bad secretary.

Instead, they genuinely cared about her and arranged for her to work at a decent startup.

Having reached the position of CEO of a listed company through her own abilities and the support of headquarters, everyone who sees her in the future will respectfully call her President Lin.

She would work hard just for that title of "President Lin".

(End of this chapter)