The idea of establishing a fund to promote the development of equipment scientific research was formed after Feng Xiaochen returned from inspecting large fertilizer equipment in Japan. Pen, fun, pavilion www. biquge。 According to what he learned, there are both theoretical and practical deficiencies in China's large-scale fertilizer equipment manufacturing. The lack of practice can be gradually made up by introducing technology and adding enough project support. However, in terms of the shortcomings of theoretical research, it is necessary to invest a large amount of scientific research funds and attract a large number of researchers from scientific research institutes and universities to tackle key problems collectively in order to make breakthroughs.

In the early 80s, China was in a state of flux, with all fields doing great things, while the country's strength was still very weak, and the financial funds were unable to make ends meet. There are many projects related to the national economy and people's livelihood that need to be invested, although the large fertilizer project and some other scientific research projects in the field of equipment are also included in the scope of national key support, but the annual allocation of scientific research funds is very limited, and it is not enough to use these people to pay the capitation fee of scientific research personnel, where can we talk about carrying out high-level scientific research activities.

Faced with this situation, Feng Xiaochen had an idea and put forward the idea of issuing large fertilizer bonds, and was ready to use bond financing to raise tens of millions or even hundreds of millions of funds for scientific research of large chemical fertilizers. The repayment of these bonds depends on the return generated by the technology developed. Feng Xiaochen is fully sure that there will be a rich return on the investment of these funds, and he can not only repay all the principal and interest of the bonds, but also have a large amount of savings for further research and development.

Considering that the people in China had little money to spare and were unlikely to accept bonds that would take five or even ten years to get a return, Feng Xiaochen proposed that the scope of bond issuance could be transferred to foreign countries and that idle funds from abroad could be used to serve China's modernization.

This idea was endorsed by Luo Xiangfei and the leaders of the Economic Commission, but when it came to how to issue such bonds, everyone had no experience. Feng Xiaochen himself was not very clear about the procedure in this regard, so he wrote his ideas into a report and mailed it to Yan Leqin, Feng Hua and Feng Shuyi in Germany, asking them to help argue it.

Yan Leqin is the most positive about this matter, she originally went abroad to study with the ideal of serving the country with industry, these years are far away, and she has no knowledge but cannot serve the country, which makes her quite sad. After recognizing Feng Xiaochen, she has been thinking about how to do something for the country, especially in industrial research. Feng Xiaochen's proposal made her eyes shine, and she felt that it was a good idea to help the development of domestic scientific research, and she herself could play some role in this matter.

Seeing that her mother attached great importance to this matter, Feng Hua and Feng Shuyi also began to analyze it seriously. Feng Shuyi is engaged in patent affairs and has a deep understanding of the value of technology. She believes that China is a technologically backward country, with a lot of room for technological improvement, and that investment in scientific research can generate greater returns than in the West. Feng Hua thinks about this from the perspective of a banker, who sees not only the value of technology, but also the value of the Chinese market. He believes that taking a leading position in such a booming market will be able to bring long-term benefits to the bank.

With this in mind, Feng Hua revised Feng Xiaochen's plan and submitted it to the board of directors of Mingbao Bank, and made a long explanation of the proposal. I don't know if it was Feng Hua's speech that moved the directors, or whether the incident itself made the bankers smell out of business opportunities, but the board passed a resolution authorizing Feng Hua to negotiate with the Chinese government to set up an equipment research fund held by both the Mingbao Bank and the Chinese government, specifically to absorb funds in the European market to support China's equipment manufacturing research.

The content of this resolution far exceeded Feng Xiaochen's original idea. Feng Xiaochen originally only started with large chemical fertilizers, hoping to raise some funds for scientific research on large chemical fertilizers. However, the resolution of the Mingbao Bank extends the scope of funding to the entire field of major equipment manufacturing, or the fields under the current jurisdiction of Feng Xiaochen's Heavy Equipment Office. If this fund can be built, then not only the scientific research of large chemical fertilizers can be guaranteed by sufficient funds, but also the equipment manufacturing in metallurgy, electric power, mining, transportation and other aspects can also benefit.

The establishment of such a fund would have ample benefits for Minburg Bank. First of all, the board of directors accepted Feng Xiaochen's view, as well as Feng Hua and Feng Shuyi's view, that is, as a technologically backward country, the value increment that technology research and development can bring is very considerable. Secondly, the Board also recognized that this was an opportunity to establish good contacts with China's equipment manufacturing authorities, which in itself were extremely valuable. Suffice it to say, even if the fund's investment is not recoupable, the mere fact that it can form a strong network of connections makes it worthwhile for Minbao Bank to spend all that money and manpower.

One of the important missions of Feng Hua when he returned to China this time was to negotiate with the Chinese government on behalf of Mingbao Bank to determine the establishment of the fund. The conditions offered by the bank were very generous, and they said that they would provide 50 million marks as an initial investment, with only 20 percent of the shares in the fund, leaving the remaining 80 percent of the shares to the Chinese government. The Chinese government does not need to pay cash as an investment in this fund, but only needs to endorse the fund, promising that all the funds raised through the fund will be used for equipment research and development, and in the future, whether these research and development results are used in China or other markets around the world, they will be charged royalties according to the rules of patent licensing to repay the loan, and the excess will be used as dividends for the fund.

Yan Leqin and Feng Hua worked so hard to promote this matter, in addition to the patriotic element, there is also a point that Feng Shuyi said, hoping to provide some help to Feng Xiaochen. With Feng Xiaochen's age and qualifications, of course, it is impossible to hold any important position in this fund, but Yan Leqin and they want to let the Chinese government know that the establishment of this fund is largely due to Feng Xiaochen's promotion, and they hope that the higher authorities will not forget Feng Xiaochen's contribution.

Feng Xiaochen is only 22 years old this year and has a bright future. Yan Leqin and Feng Hua felt that giving Feng Xiaochen such a political achievement would help Feng Xiaochen get promoted faster. Although they do not know the level of Chinese officials, they are very relieved to see that their juniors can move to higher positions.

"Auntie, do you think this fund can absorb investment in Europe?" Feng Xiaochen asked curiously. Although he came up with this idea, he really didn't know much about the situation abroad, for fear that he would be whimsical and end up in a gray end.

Feng Shuyi said with a smile: "Whether or not you can absorb investment depends on the strength of the bond issuer and the publicity efforts. The Bank of Mingbao is a very influential bank in Germany, and the effect of raising funds from the Bank of Mingbao is far better than that of the Chinese government going directly to the European market. In addition, your grandmother also intends to use her influence to help with publicity, she is a well-known metallurgical equipment expert, and she has a lot of fame in the industrial world, if she comes forward to publicize it herself, it will also make more people believe it. ”

"I'm so grateful to my grandmother and my uncle and aunt. Feng Xiaochen said sincerely.

Feng Shuyi stretched out a finger and poked Feng Xiaochen's head, and said angrily: "We are all a family, we are your elders, shouldn't we help you do something? It is also our wish to be able to help China develop and modernize." ”

"Xiaochen, what are you talking about with your aunt?" Feng Li noticed the conversation here and asked curiously across the table.

"They're probably talking about the fund. Yan Leqin answered for Feng Xiaochen.

Feng Li was a little stunned: "What kind of fund matter?"

Yan Leqin smiled: "You are a father, but you are very unqualified." Xiaochen has done such a big thing, don't you know at all?"

"Really, what's the matter?" Feng Li asked.

"Let Xiaohua tell you. Yan Leqin pointed at Feng Hua and said.

Feng Hua told Feng Li and Feng Fei about the fund, and the two of them were a little dumbfounded when they heard it. In their minds, Feng Xiaochen was able to work in the Heavy Equipment Office by some coincidence, but they didn't know that Feng Xiaochen could actually come up with such an idea. They don't understand the concepts of financing, bonds, etc., but listening to Feng Hua's meaning, it seems that this is a very lofty thing. In particular, the scale of financing disclosed by Feng Hua shocked Feng Li and Feng Fei, and they often had hundreds of millions of marks in funds, which was actually what Feng Xiaochen planned to do.

"Xiaohua, is this thing reliable? You can't joke with such a large sum of money just to get used to Xiaochen. Feng Li said worriedly.

Feng Hua smiled: "Big brother, you are underestimating Xiaochen. The proposal he presented to us was well-reasoned and rigorous in his approach to fund raising and capital use, which amazed the elderly in our board of directors in the financial circles. Besides, this matter is a matter between Mingbao Bank and the Chinese government, and we are here this time, and we have to ask Xiaochen to introduce us to high-ranking officials of the Chinese government.

"I'm really afraid that this kid's heart is too big...... Feng Li said.

Feng Fei smacked his tongue and said, "I really can't see it." The last time I came to the capital, I met Xiaochen, and I felt that Xiaochen had grown up a lot, become mature, and have become more capable. But I still didn't expect that he would have such great courage to dare to plan a fund of hundreds of millions of yuan, alas, at this point, I estimate that my Lin Tao will never be able to catch up with him. ”

Yan Leqin said: "Xiao Fei, Lin Tao will come to me, I will teach him something well, and he will definitely have a great future in the future." However, I think Xiaochen is a thoughtful child, very smart, and very down-to-earth, I have already told Xiaohua and Shu Yi, we will fully support his career. ”

"Mom, I see what you mean. Feng Fei was not stupid on this issue, he immediately said: "Xiaochen is my nephew, and I will naturally fully support him." ”

"That's right. The three of you brothers have been separated for so long, and now they are finally in touch. Your generation is already stereotyped, and there is no need to say more. The next generation of these four children, you must not distinguish each other, no matter which child's affairs, as uncles and uncles, you must wholeheartedly support them, so that they can become talents. Yan Leqin admonished.