Chapter 107: Senior Discussion
Unexpectedly, just after politely rejecting Singapore's investment, Han Hao's chip industry was poured cold water on his head.
When planning the fund plan to invest 10 billion yuan in chips, he made a good plan to contribute 60% of his own capital, and then raised investors to subscribe for 40%. At that time, under the leadership of Zhonghua Group, the major entrepreneurs of the Federation of Industry and Commerce joined hands to invest in Alibaba Group, which not only solved the urgent needs of the other party, but also obtained excess returns after Alibaba's listing, which can be described as a very classic investment case.
However, when the chip investment fund needed to inject capital this time, many entrepreneurs who had originally agreed to participate politely declined the request for shares, on the grounds that the current economic situation was not good and did not dare to invest across the border;
On the contrary, Li Shufu of Geely Real Estate did not hesitate to invest 100 million. When Han Hao emptied the shares of Geely Real Estate, he talked with the other party seriously, at least he understood the truth of selling high and buying low, and reserved some winter grain and grass, and contracted the front in time to make life okay.
Since he met Han Hao, the other party's investment choice has never been missed, and Li Shufu decided to continue to follow the bet.
In addition, there are some entrepreneurs who follow suit, but the amount has shrunk significantly, which is far from the 40% share that Han Hao expected.
"The landlords' families have no surplus food, and now it seems that the subprime mortgage crisis has had a more serious impact on China than we thought.
As far as I know, many factories in the province that do foreign trade exports have given workers long vacations, and they have not returned to work after the New Year.
Although our car sales seem to be okay, in the general environment, if the people dare not consume, the prospect is not good. β
Yin Qingxun, the group's financial officer, specially reported to the boss Han Hao on financing issues.
"The country has been raising interest rates since the end of last year, intending to cool down the economy, but I didn't expect the cold to be imported directly from European and American countries, and we don't have to cool down ourselves.
If interest rates continue to be raised in this way, China's economy will fall into the front edge of deflation, alternating between hot and cold, and ordinary people will not be able to stand it, let alone a country. β
Interest rate hikes mean higher costs for companies because financing costs are higher. Yoon Kyung-hoon has been fighting on the front line and has a keen grasp of financial market trends.
"Waitβdid you say that many businesses are closed for holidays? Why haven't I been exposed to such news?"
Han Hao quickly grasped the key point, the prophet of Chunjiang plumbing duck, which would affect his judgment of the overall trend.
"At the beginning, it was only a small number of enterprises adjusted, and you often went abroad, and our Zhonghua Group was not affected much, so it is normal for you to fail to grasp the situation in time.
In addition, the local government did not pay attention to it, and it was only later that some people found signs when the situation in various places was summarized. Both our province and Nanyue Province have seen a wave of returnees, and it is estimated that the unemployed army has been deposited in the countryside. β
Yin Qingxun truthfully shared the situation he had with Han Hao, and he also learned privately through his connections that many migrant workers returned to their hometowns because they couldn't find jobs.
"It's a problem, and if the wave of unemployment comes, we won't be immune, let alone meet the goals we have set for the next 10 years.
I am still optimistic about China's economic fundamentals, but there is no guarantee that there will be no gray rhinoceros incidents, resulting in significant setbacks in economic growth. β
The development of an enterprise, in addition to its own efforts, must also be closely related to the national fortune. If the country is in turmoil, it will not be able to stand alone.
Han Hao deeply understands this truth, and the first condition for Zhonghua Group to become an international giant in the next ten years is that China's economy will continue to maintain rapid growth and become a large rear base that continuously provides cash flow.
So it's understandable that entrepreneurs who have pledged to invest have to make sure they survive before they come to you about the future of the country's industry.
In fact, the risk of chip investment is indeed very high, and it is basically a situation where the winner takes all and the loser has nothing. Otherwise, Singapore will not be in a hurry to transfer the chip industry to China, they must feel the uncertainty of future competition, and intend to sell the original pillar industry.
From the perspective of a financial officer, I must advise you to temporarily suspend the chip business, after all, other investments are not in place, and it is a huge risk to leverage tens of billions of funds on your own.
You can wait for the timing to be clear before moving forward with the chip plan, and now is really not a very appropriate time point.
Let's not forget that we are in talks with Ford to buy Volvo, which will require a lot of investment in the future. β
Although Han Hao has a huge net worth, it is actually very difficult to invest tens of billions of real money in the chip industry.
For example, a person with a net worth of millions, but nearly 80% of them are fixed assets that are not suitable for realization, and only about 20% of the working capital is maintained in operation. If 100,000 cash is suddenly withdrawn to develop high-risk new business, the requirements for the capital chain will be more stringent, and the investment will easily break down and cause a crisis.
Yin Qingxun understands the situation of the capital chain of Zhonghua Group, and the huge investment in chips will threaten the safety of the group if he is not careful.
"I understand your concerns, but the chip business has reached a point where there is no time to delay. If I can't reassure Zhang Jingru, I guess he will run away again.
As I have said before, my personal wealth is nothing compared to the future of the country, and it is great wisdom to do it knowing that I cannot do it. I still have a lot of equity in my hand that can be pledged, and I can use this fund to leverage the first investment in chips.
Individuals have hardships and countries have difficulties, but someone has to do things. Whoever is on the stall is whoever it is, and if you escape, there will be no hope for the country and the nation.
Since the times have given me this opportunity, I will never run away from it.
Isn't there a poem that says it well: Since you have chosen a distant place, you only care about the wind and rainββ"
Han Hao showed a resolute will, and his pace of entering the chip industry will not be delayed, but will be further accelerated.
Zhang Jingru, who became the CEO of Kunlun Semiconductor, soon got the first capital injection of 2 billion yuan, which was obtained by Han Hao with his own equity mortgage. A second tranche of $2 billion will arrive in three months, with $1 billion coming from Singapore's Temasek. In addition, Kunlun Semiconductor will also merge Singapore's chip fist company, Chartered Semiconductor, a large company with six wafer foundries. As a result, it has become the world's fourth-largest chip foundry, behind TSMC, UMC and SMIC.
That's right, Han Hao finally accepted Singapore's investment, and Jiangzhou will soon rise a Singapore national industrial park to build China's semiconductor industrial base.
"Half a year ago, who would have thought that such a big change would occur in the field of chip foundry! China and Singapore have joined forces to confront Taiwan and South Korea, and it is difficult to say who will die on the battlefield in the future.
However, I am sure that TSMC's senior brother Zhang Zhongmou has not been sleeping well recently, because a new competitive giant has suddenly risen on the mainland on the other side.
drove away SMIC, but I didn't expect another Kunlun to come, it's really not a bad match. β
Regarding the alliance between Han Hao and Singapore, Zhang Jingru raised his hands in favor.
It is equivalent to having a king-level teammate out of thin air, with money and skills, and is willing to take the initiative to assist newcomers.
He still has a lot of old accounts to settle with his former senior brother Zhang Zhongmou, and the second half of the chip war between the two has just sounded the horn.
Under the subprime mortgage crisis, the abnormal performance of China's economy has finally attracted the attention of the top level of the government.
A confidential phone call summoned Han Hao to the capital and invited him to a national-level economic forum.
A total of 32 entrepreneurs from all walks of life were gathered in Zhongnanhai, and the leaders wanted to discuss with everyone to understand the real situation at the grassroots level of the national economy.
As the CEO of China's largest private enterprise, Han Hao was of course assigned to speak.
Walking into the venue, the top leaders of the major ministries and commissions of the central government were present, which showed that the weight of this meeting was particularly important.
Since it is to reflect the real situation and provide a basis for the country's high-level economic pulse, many entrepreneurs who spoke will tell the real situation one by one.
"Winter Theory" is the theme, both foreign merchants and domestic consumers have changed their faces, and everyone feels that suddenly business is not good.
The real operation of the enterprise has also been disclosed, the performance has declined significantly, and the sales volume has been cut in half. In particular, most of the small and medium-sized private enterprises with high debt are facing the risk of bankruptcy, which has brought negative effects such as layoffs and salary cuts.
Everyone has called on the government to bail out the market, at least at the national level.
When it was his turn to speak, Han Hao looked at the manuscript and spoke.
"Winter, it's true, but I think it's a warm winter. Although the cold is pressing, it still makes a lot of achievements. As the saying goes, in a good year, the heavy snow freezes to death and pests moistens the soil, and the new weather is cleared up, and there will be a bumper harvest in the coming year.
Frankly speaking, compared with the situation of the colleagues who just spoke, the performance of Zhonghua Group is okay, the growth rate has declined, but it still maintains a growth trend.
The current economy should be observed from a two-point perspective. β
The richest man spoke, and it was really extraordinary, and as soon as Han Hao spoke, everyone was waiting for his next step.
"Maintaining employment is the top priority of our national economy and the foundation for maintaining social stability in the country. Some time ago, I heard the news that the wave of returning to my hometown had brought about an army of unemployed, so I specially commissioned a scholar from the China Think Tank, which had just been established, to conduct research and analysis.
At first, I was also very worried about the risks of unemployment, and the migrant workers who returned home from unemployment were the first to be affected, but later found that the situation was unusually stable compared to the late 90s.
This is because the state has greatly changed the backward hardware facilities in rural areas through the construction of electricity, water, and highways in villages and villages, so that many migrant workers can be temporarily resettled in rural areas. In other words, it is the countryside that provides a buffer zone for our unemployed army, which is enough for our country to take advantage of this opportunity to carry out economic transformation and upgrading. β
Han Hao's remarks were based on the findings of experts and scholars, who found that there was an opportunity hidden in the crisis.
"It is necessary for the state to rescue the market, but it is not possible to engage in flood irrigation, but to develop precise drip irrigation. It is necessary to direct funds to enterprises and fields for industrial upgrading, so as to lay the foundation for China's economy in the next decade.
The state should come forward to support key industries and areas to tackle key technological problems, so as to shorten the gap between China and the developed countries.
After the subprime mortgage crisis, foreign developed countries are facing a recession, which just gives us the opportunity to catch up and surpass.
Relying on the dividends brought by technological upgrading can allow us to re-expand production, thereby solving the employment problem.
The imbalance between the east and west of China's economy is an opportunity to increase investment in the central and western regions, so as to close the gap between the two sides and allow returnees to solve the employment problem nearby.
There are opportunities in the crisis, and it depends on how we grasp the ......"
It is very obvious that with the assistance of the think tank, Han Hao's speech has the best depth and breadth among all of them, and his proposal has also been frequently nodded by many audiences. (https:)
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