Reborn, back to a small county town to become a wealthy family

Chapter 709: Heart-to-heart talk between father-in-law and son-in-law
Tang Hailin had no intention of staying for dinner and left Longtan Villa around 3 p.m.

Only Jiang Yuanshan and Luo Yang remained in the tea room.

"You learned a lot today, didn't you?"

Old Jiang leisurely sipped his tea and advised his son-in-law, "Old Tang is a good man. He didn't put on any empty rhetoric in front of us. Instead, he said a lot of practical things. Just what he revealed this afternoon is enough for you to ponder for a long time."

"Dad, didn't you already give me instructions?"

Luo Yang proactively cleaned the teapot, pouring out the tea leaves that had been steeped several times, and asked with a puzzled look, "People in our business circle need to have connections with Uncle Tang and his group, but we can't get too close. Was what we did this afternoon a bit too much?"

"Too much what?"

Jiang Yuanshan smiled and said casually, "Mutual benefit that can be put on the table doesn't count. For example, if you invest in an urban commercial complex project in Yang City, it will be of great benefit to Lao Tang. In return, he will give you preferential treatment on land prices and open a green channel for construction procedures because of this project. All of that can be put into the open, and no one can say a bad word about it. This kind of relationship is welcomed by government leaders anywhere."

After understanding the logic behind those words, Luo Yang nodded.

Indeed, this kind of relationship, which can bring performance to the leader without getting involved in any shady dealings, is naturally the most popular.

"On the contrary, I personally think we should be cautious about the rhetoric he taught you."

Old Jiang frowned as he said this; "Although it did help push you to acquire the credit cooperative, the result was that you walked on the edge of the gray area. It's good that He Gaoguan landed safely, but once he gets into trouble, the matter of the credit cooperative's restructuring will be brought up again, and then there will definitely be a lot of trouble."

"But didn't you also think that what Uncle Tang said made sense before?"

When Tang Hailin was giving Luo Yang some pointers, Jiang Yuanshan added a sentence, pointing out that the core message of Tang's words was to avoid suspicion.

Now they're saying he doesn't really support it and that we should be cautious.

This left Luo Yang somewhat bewildered.

"I can't exactly tell Lao Tang that this method is bad, can I?"

Jiang Yuanshan glanced at Luo Yang and clicked his tongue, saying, "Whether we need to be cautious or not, Lao Tang's approach is sound and the best solution for most people. But I don't think you need to take such a shortcut."

Old Jiang believes that Tang Hailin's method contains hidden dangers and may leave hidden problems.

After listening to his father-in-law's words, Luo Yang fell into deep thought.

Let me ask you a question directly.

Seeing Luo Yang frown, Jiang Yuanshan asked, "Is the acquisition of the credit cooperative in such a hurry?"

"It's not an urgent need."

Luo Yang thought for a moment and said, "Although the financial platform is the engine of the group's future, the industry is still being integrated. Even if a new group company is formed, it will need to hone its internal strength for a period of time. At this stage, a financial platform does not play a very big role."

"Then I suggest you take it slow and steady, rather than trying to take shortcuts."

Jiang Yuanshan suggested, "From my perspective, it would be better to acquire a well-established commercial bank that has already undergone restructuring."

"Dad, the method you're suggesting is a bit difficult."

Luo Yang laughed and said, "A mature commercial bank, plus a large-scale equity acquisition, would require tens of billions of yuan. Unless I give up the new energy vehicle manufacturing industry, where would I get so much cash flow?"

There are always more solutions than problems.

Jiang Yuanshan still insisted on his point of view: "If all else fails, you can register a bank in Hong Kong. Just treat it as starting a new company from scratch. Isn't that a viable option?"

"Register a bank in Hong Kong?"

Luo Yang was a little confused.

He had absolutely no knowledge of this subject, nor did he know how difficult it was, so he didn't know how to reply to Jiang Yuanshan for a moment.

It is indeed quite difficult.

Hong Kong is one of the world's financial centers. As a financial hub in Asia, it boasts a stable legal system, an open market, and a superior geographical location, attracting numerous international financial institutions to establish branches or independent banks here.

However, establishing a bank in Hong Kong is not easy and requires meeting a series of conditions and requirements.

First, establishing a bank requires compliance with the regulatory requirements of the Hong Kong Monetary Authority (HKMA).

The HKMA is the banking regulator in Hong Kong, responsible for supervising and managing banking operations. According to HKMA regulations, banks must submit detailed business plans and financial statements to demonstrate their stable financial strength and sustainable development capabilities.

In addition, applicants need to provide suitable directors and senior management to ensure good governance and effective operation of the bank.

Secondly, establishing a bank requires meeting the legal and regulatory requirements of Hong Kong.

Hong Kong has a strict legal system and regulatory framework to ensure the stability and transparency of its financial system. Applicants need to comply with Hong Kong's company law and banking regulations and obtain the relevant licenses and approvals.

In addition, applicants need to go through KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure compliance and risk control in their banking operations.

Third, establishing a bank requires meeting Hong Kong's capital requirements.

According to HKMA regulations, applicants need to have sufficient capital to ensure the bank's solvency and risk-bearing capacity.

Capital requirements depend on the bank’s business size and risk level. Generally speaking, larger banks need higher capital. The HKMA stipulates that the minimum capital requirement is 2.5 million.

In addition, establishing a bank also requires meeting HK's business requirements.

As an international financial center, Hong Kong has a wide range of financial services, including deposit services, loan services, foreign exchange services, and securities services. Applicants need to select the appropriate business scope based on their own business positioning and development strategy, and formulate corresponding business plans and strategies.

Finally, establishing a bank also requires meeting Hong Kong's compliance and risk management requirements.

Hong Kong's financial regulators require banks to establish sound compliance and risk management systems, including internal controls, risk assessments, and compliance reviews.

Applicants need to establish corresponding systems and procedures, and ensure their effective implementation and monitoring.

In summary, establishing a bank requires meeting the regulatory requirements of the Hong Kong Monetary Authority, complying with Hong Kong's laws and regulations, meeting capital requirements, selecting an appropriate scope of business, and establishing a sound compliance and risk management system.

Only by meeting these conditions can a bank be successfully established.

"Look, you yourself don't even know what conditions are required to register a bank in Hong Kong, or how difficult it is."

Jiang Yuanshan clicked his tongue and said, "It's actually very simple. Just hire a professional agency in Shanghai to investigate for you. As long as the money is paid quickly, I estimate you can get a detailed report before you go to see High Official He on Monday."

Eh?
That seems to be the case.

After opening up his mind, Luo Yang started to understand things better.

"Furthermore, if you insist on acquiring the credit cooperative in Yang City, I'll start to suspect that you have other ideas."

Jiang Yuanshan was shrewd enough to see more than he thought in Luo Yang's ideas: "You want to move your industries to Yang City, acquire credit cooperatives in Yang City, and develop commercial complex projects in Yang City. What exactly are you trying to do?"

Old Jiang hasn't listed them all yet. In Luo Yang's plan, starting in 15, he will vigorously develop real estate projects in Yang City and invest all the profits locally.

If you include the investments of tens or hundreds of billions, it's even more incredible.

Meeting his father-in-law's ambiguous smile, Luo Yang's expression became unnatural.

"Last night, Fanfan formally brought up the topic of marriage with her family."

Jiang Yuanshan suddenly changed the subject: "She said she wants to get our marriage certificate first, and as for the wedding, we can wait until she gets pregnant. Did you discuss this with her beforehand?"

"Yes, I said it on Thursday night."

Luo Yang nodded and said, "My dad is on a business trip in Jiangcheng this week, and I'll be quite busy next week, so I'm planning to get both families together at the end of the month and bring this up over the dinner table."

"Speaking of which, you two have already graduated from university, so there's nothing wrong with getting your marriage certificate early."

Old Jiang looked at Luo Yang with a meaningful gaze and said, "I'm just wondering, Fanfan kept saying there was no rush, why does she suddenly want it?"

You can't fool your own father-in-law.

Luo Yang then recounted the misunderstanding from Thursday night, mixing nine parts truth with one part falsehood, and said, "Maybe he lacks a sense of security, which is why he wants to get our marriage certificate as soon as possible."

"How come I never knew this girl could be so jealous?"

Jiang Yuanshan smiled and then teased, "But from her perspective, she's not wrong. Old Tang just said that you are already an extremely outstanding person among the younger generation, and you are not bad-looking either. If you stay single, I don't know how many young girls will throw themselves at you."

How was Luo Yang supposed to respond to that?

"Dad, to be honest, I'm starting to regret expanding this business so much."

He could only defend himself from another angle: "There are already more than a dozen companies in Shanghai and Yangshi combined, and we don't have many decent talents. We're busy to death every day, and even when we make money, we don't have time to enjoy it."

Jiang Yuanshan could certainly understand the meaning behind his son-in-law's words.

"When it comes to enjoying yourself, you really surprise me."

These words probably hit the nail on the head, which made Old Jiang sigh.

He couldn't help but say, "Your assets should be no less than mine, and your cash flow is definitely much greater than mine. Under such circumstances, you haven't bought a luxury villa in Shanghai, you don't own several sports cars, and you don't even have time to go on vacation all year round. Your life is not even as good as that of a rich second generation."

In a top-tier city like Shanghai, a young man in his early twenties with billions of dollars in wealth rarely goes to nightclubs, doesn't own a sports car, and his villa wasn't bought for enjoyment.

Not to mention that outsiders find it unbelievable, Luo Yang himself has complained about it several times.

"Actually, you don't need to be in such a hurry."

Jiang Yuanshan no longer had any other thoughts at this point, and instead advised Luo Yang, "From the beginning of making premixed cement mortar, to making power banks and selfie sticks, and then to collaborating with me on a wind power generation project, when funds were most tight, we even borrowed money from Fanfan."

"Forehead"

Luo Yang scratched his head somewhat embarrassedly and said, "It's just for temporary use. I've already converted it into company shares for her."

"I wasn't talking about money."

Jiang Yuanshan clicked his tongue and said, "What I mean is that you seem to be in a hurry, as if you can't wait to implement all your plans. In fact, it's the same with entering the new energy vehicle manufacturing industry. When you first mentioned it, you didn't even have three or five hundred million yuan on hand, but you were already thinking about investment projects worth tens of billions."

To be honest, without this extra income from the US crude oil futures market, Luo Yang would have been really struggling financially.

Just like the acquisition of the headquarters building in Shanghai, a building worth billions, although you don’t need to put up that much cash, it still requires more than a billion!

They rushed off to get it done.

This time when I came back, before the previous plans had even been implemented, I was already thinking about acquiring credit cooperatives and setting up a bank.
Being busy like a spinning top, isn't it all our own doing?

You can't blame anyone else!
Luo Yang started to feel embarrassed after being nagged by his father-in-law.

He touched his nose: "I originally planned to take advantage of my youth and energy to make the necessary arrangements as soon as possible, then focus on development for a few years, and by my thirties I would be able to settle down. At that time, I could free myself up and have plenty of energy and time to do things with Fanfan that we want to do."

"Are you planning to retire before you turn forty?"

Jiang Yuanshan was taken aback for a moment, then laughed and scolded, "Don't even mention forty years old, even fifty years old is something I wouldn't dare to imagine, and you actually..."

"Times have changed."

Luo Yang smiled and said, "I still think I have a chance."

"hehe."

Jiang Yuanshan scoffed, "I'll just wait and see you retire before you turn forty!"

The reason I don't believe it is because of the manufacturing of new energy vehicles.

If Luo Yang doesn't plan to enter this industry, it's believable that he'd retire at 30, let alone before 40.

"I've already told you this."

Jiang Yuanshan added, "In the future of new energy vehicle manufacturing, don't expect that my Yuanfan Group will only hold shares and not participate too much in the company's production management."

"I only grasp the main direction of the company's development; the specific operation, management, and technology still need to be handled by professionals."

Luo Yang nodded and said, "We can poach them from established new energy vehicle manufacturing companies with high salaries."

"It seems you're going down the path of a professional manager."

Jiang Yuanshan looked at his son-in-law with approval and said, "You do a better job than me in this respect."

“Dad, the starting conditions were different. Back then, you had to unite the funds and resources around you. If you hadn’t done that, it would have been difficult to develop so quickly.”

Luo Yang quickly replied modestly, "Unlike now, when we're short of money, we take out bank loans; when we're short of talent, we headhunting firms poach people."

His words weren't entirely flattery.

Back when Jiang Yuanshan started his business, getting a loan meant going to a credit union. Without connections, it was extremely difficult, and even if you managed to get connections, the amount of money you could borrow wouldn't be very large.

Not to mention the talented people.

Back then, college graduates were guaranteed job placement; after graduation, they were assigned to government departments or large central or state-owned enterprises.

Unlike now, in big cities like Shanghai, it's difficult to get a job in a private company without a college degree or above.

Therefore, when the first generation of business owners started their businesses, the only people they could rely on were their brothers and sisters, distant relatives, fellow villagers, and junior high school classmates.
Unlike Luo Yang, who sells sexy lingerie in a garage and hires two college students as his two recruits.

(End of this chapter)