A month later, a new internet company was quietly founded.

The company is registered in Santa Clara, California, which is part of Silicon Valley and is conveniently located on the West Coast near San Francisco.

There are three shareholders of this company, namely Jerry and his little partner David, and Zhang Hao, who has just joined.

Compared to before, Jerry and David were just on a school trailer at their alma mater, Stanford, when they first tinkered with the Internet Guide Navigation site, and then moved to the garage of David's house. Now, with Zhang Hao's involvement and capital injection, the newly established company finally has a formal office space, and although the office is not very large, it is much better than the poor environment of working in trailers and garages.

Before the establishment of the company, Zhang Hao took time to go to California and met with Jerry and David. After the three of them met, they communicated about the follow-up investment and the establishment of the company, Zhang Hao admired the ability of Jerry and David, and everyone was from a technical background, and the age was similar, it can be said that they had a very happy conversation, and finally determined the decision of Zhang Hao to invest in the establishment of the company, so Zhang Hao invested $1.5 million as the founding shareholder of the company, occupying 38% of the company's shares, and the other 62% of the shares were held equally by Jerry and David, and the remaining 10% The shares are used as employee shares of the company to recruit technical talents.

In addition, David serves as the chairman of the company, Jerry is the company's CEO, and Zhang Hao is much more low-key, he refused Jerry and David's request to let him serve as chairman, and even the CEO was given to Jerry, only accepting the position of CTO, that is, chief technology officer.

This is also considering the problems of the previous Netscape company, because Zhang Hao was the chairman of Netscape before, and he was not naturalized as a Chinese, which eventually led to giving up control of Netscape under the pressure of the immigration bureau, thus entering and exiting most of Netscape's shares.

And Jerry and David do not have this problem, Jerry has already obtained American citizenship, not to mention David, he is originally an American, and he is also a Westerner, and the two of them are much stronger than standing in the front desk as the leading figures of the company.

After the establishment of the company, the three of them held a meeting, at which the direction of the current products and technical upgrade goals were determined. Subsequently, the company began to set up a professional technical team, although Jerry and David are complete newcomers in the Internet industry, but because Zhang Hao served as CTO, although Zhang Hao is not famous for ordinary people, many people in the industry know who Zhang Hao is, coupled with Netscape's connections and relationships, this technical team quickly recruited several outstanding talents, so as to successfully set up.

With the addition of Zhang Hao, the company embarked on the road of rapid development, with the support of the technical team, many problems existing in the previous Internet navigation guide website have been improved, and the website has also been upgraded and column optimization, in addition to the technical algorithm has also been changed, so as to enhance the search function.

In addition, the database has been updated a lot, and Zhang Hao has brought some convenience to the website through his relationship with Netscape. In less than two months, the updated website is very different from the original, attracting many users as the first choice for Internet navigation sites.

In addition, at Zhang Hao's suggestion, the portal segmentation of the website was also carried out, providing new functions in use through the combination of web links and browser functions, so that Internet users only need to open their website to find what they need on it.

As a result, the number of daily visitors to the website began to increase after the update, from the initial few thousand visits to nearly 100,000.

With the rise of visits, Zhang Hao proposed to convert visits into revenue models with advertisements, so as to upgrade the website again, with the first advertising business opened after the upgrade of the website, and this advertising business also brought the initial income to the company, although compared to the current investment, this income is not much, only a few thousand dollars, but for the company's three people, this is a huge breakthrough, indicating that the website has the ability to convert visits into real income.

In the operation of the company, Zhang Hao does not put all his energy into Netscape, because this company is different from Netscape, although he is the founder and investor of the company, but in fact, long before the establishment of this company, Jerry and David have built this Internet navigation guide website, this website is the foundation of the company, Jerry and David are the real core of the company.

And after experiencing the Netscape incident, Zhang Hao was also very careful about this second venture, so he declined to serve as the company's chairman and CEO, and only served as CTO. Because he knows very well that the company is small, once the company grows bigger, his identity will definitely attract the attention of the immigration bureau again, he doesn't want to fall two heels in the same place, so Zhang Hao has determined his positioning from the beginning, in addition, he has just returned to campus to continue his studies, and he doesn't have much energy to focus on the company, and finish his studies first, which is the most important thing for Zhang Hao at present.

In the second half of 1995, Shao Heping now particularly admires Song Yuanchao's vision and judgment, when Song Yuanchao took the initiative to withdraw from the preparation of the Development Bank, and at the same time made the hidden dangers of the bank's congenital deficiencies and a series of possible problems, thinking that Shao Heping put forward a warning.

Before, Shao Heping could not say that he was completely convinced of Song Yuanchao's judgment, and he was only skeptical of what Song Yuanchao said. But in the past year or so, with the establishment of this bank and a series of actions after its establishment, Shao Heping is now completely convinced, because the problems that Song Yuanchao reminded him of at the beginning have all become reality.

Because the bank had high liabilities at the beginning of its establishment, and because of the bursting of the real estate bubble in Qiongdao, the local government, banks, credit unions, trusts, etc. suffered heavy losses in it, and the proportion of debts on hand was extremely high, and the original intention of the establishment of this bank was very clear, the purpose was to solve these problems and relieve these institutions.

As a result, the bank has a high amount of liabilities at the beginning of its establishment, which is completely contrary to the basis of a normal commercial bank's good operation. Moreover, after the establishment of the bank, in order to absorb savings and introduce funds, so as to solve the problem of liabilities, the commercial bank has announced to the outside world that the interest rate of the bank is much higher than that of other banks.

Generally speaking, the interest rate of some banks with high interest rates reaches 6.66% for three months, 9.0% for half a year, 10.98% for one year, 11.70% for two years, and 12.24......% for three years. This interest rate is already very high for the banking industry, but in order to attract depositors' funds, commercial banks have actually offered a maximum three-year interest rate of 25.5% on fixed deposits, which is simply double the current interest rate of the banking industry at the same time.

You must know that even if you are doing business, and it is a good business, you may not have a stable income of 20% in a year, but now as long as you deposit this money in a commercial bank, you can steadily get an annual interest income of 25.5%, which is simply better than doing business, I don't know how many times.

After all, there are losses and profits in business, and no matter how big your ability is, you can't ensure that your business only makes money and does not lose money, and you have to invest a lot of energy in business, and it is not easy to make money. But now, you don't have to do anything to get 25.5% of the annual income, with such a good thing, who has to work hard to do business?

When the interest rate on the bank's deposits was announced, it instantly attracted countless people to line up to withdraw their money from other banks and deposit it into the bank.

And as time goes by, more and more people do this, not only in Qiongdao itself, but even more and more depositors from outside the province who bring money over to deposit.

This is not counting, even some leaders of the city bureau below were also attracted by such a high interest rate, and privately found Shao Heping to discuss, whether it is possible to deposit the funds that are not currently used for the time being into this bank to eat interest, you must know that the interest rate of the bank is too high, not to mention the three-year period, even if it is a one-year period, there is nearly 20% of it, and now the organs are not short of money? It's good to put this money in first and get some interest out! As for the current difficulties, we will be able to overcome them for the time being, and when the interest is paid, we will be able to do more.

Not to mention, there are many people with such a mentality, and even Shao Heping's deputy made this suggestion at the internal briefing meeting. However, these suggestions were directly vetoed by Shao Heping, who not only vetoed Shao Heping, but also deliberately brought all the heads and brains of the city bureaus to a meeting, at which he solemnly proposed that no one could use the funds in his hand to deposit them in this bank to eat interest, and that the government's funds must be opened in a bank designated by the government. When the time comes, don't talk about eating interest, let him eat the nest head directly!

Shao Heping's tough attitude and non-vetoable tone surprised everyone, and even expressed incomprehension and dissatisfaction with Shao Heping's doing, for which there are many people who criticize Shao Heping behind his back, and even the comrades in the city privately persuade Shao Heping that there is no need to do this, not only does this not unite comrades, but also is a one-word style, which is really undesirable, and Shao Heping also nodded when this commercial bank was established, but now it is tantamount to not supporting the operation of commercial banks in this way, isn't this a reversal?

Who would have thought that the more this is the case, the more Shao Heping will not give an inch, and even directly set up a supervision group headed by himself to strictly implement his decision at the meeting.

As the current person in charge of Lucheng, Shao Heping knows some situations better than others. Just after the establishment of the commercial bank, and when it attracted depositors with such a high interest rate, Shao Heping learned something unknown to outsiders through his channels.

The more he knew, the more worried Shao Heping became, because after he learned about it, he found that what might have happened mentioned by Song Chaoyuan had indeed happened. While commercial banks are desperately trying to attract depositors with high interest rates and thus obtain a large amount of funds, they do not operate these absorbed funds through investment and lending in accordance with normal banking operations.

To put it bluntly, banks are just a platform to absorb savings on the one hand, and profit from the funds through investment, lending and other means. On savings, banks pay interest and get a corresponding return on investments and loans.

For example, if the normal regular interest rate of a bank is now high at about 10% per annum, then the income obtained by the bank in other capital operations such as investment and lending must be higher than the annual interest rate of savings, plus other costs of the bank, this return must be at least 15% or more to maintain balance.

When the bank's regular interest reaches 20%, or even 25.5%, then the capital gain can only be maintained at least 30% or more, but the problem is that the bank simply cannot have such a high stable capital return, and the maximum interest rate of the bank's foreign loans is only about 20% at present.