The second factor is the hardware factor. Many factories hope to upgrade their scale and technology, but they lack funds. Especially for some small and medium-sized enterprises with potential, it is difficult to get loans. If you inject funds into them and allow them to successfully complete the upgrade, they can become

A very competitive presence in the supply chain.”

"I understand. If a group of such small and medium-sized enterprises are supported to complete industrial upgrading, the entire upstream supply chain will be raised to a higher level. This will create more competition and achieve what you call involution!"

Wang Jiuyang pondered for a moment and then asked: "Chairman, do you want to provide financial and technical support to these potential small and medium-sized enterprises? Let them carry out industrial upgrading, thus driving the upgrading of the entire home appliance supply chain. But this will cost a lot.

Funding?"

Li Weidong smiled slightly and continued; "We are at best the leader in small home appliances, kitchen appliances and beauty appliances. How can we upgrade the entire home appliance supply chain? Even if we really want to, we are powerless! The industrial upgrading of the entire home appliance supply chain

, it can’t be done without tens of billions of funds, and we can’t afford so much money.”

Wang Jiuyang glared at Li Weidong inexplicably, and thought to himself: I have no money, so I have the nerve to upgrade the supply chain enthusiastically!

Li Weidong continued: "Although we don't have that much money, the banks have plenty of money. Tens of billions of funds are just a drop in the bucket for the domestic banking system. Isn't it difficult for small and medium-sized enterprises to get loans? But for large groups like ours

It’s very easy to get a loan.”

"You mean, we set up an investment company, borrow money from banks, and then invest in small and medium-sized enterprises with potential?" Wang Jiuyang asked.

"We are engaged in industry, not investment. What's more, as long as we invest, we are shareholders, and shareholders have to bear the operating risks. It's just venture capital. If the amount is not large, we will lose money. But if we invest in the manufacturing industry, we will bear the operating risks.

The risk is not worth it.”

Li Weidong smiled indifferently and continued: "So I plan to set up a financial company, borrow money from banks, and then lend money to potential small and medium-sized enterprises in the form of loans. We are only lenders, not investors.

.Because when investing, it is not easy to make asset-backed securities.

I did some calculations and put out a principal of one billion, and went to the bank to make a mortgage loan. After lending the money, I used it to make asset-backed securities and used it as collateral to borrow money from the bank. The one billion funds were rolled out.

There is no problem with 30 billion, it is enough to upgrade the supply chain."

"Earn an interest difference?" Wang Jiuyang said instinctively.

"How much is the interest difference?" Li Weidong curled his lips disdainfully.

"You said it was 30 billion..." Wang Jiuyang muttered.

"The interest difference of 30 billion seems to be quite a lot." Li Weidong also cooed, and then said loudly: "Don't just focus on the interest, take a long-term view. We are here to upgrade the entire supply chain.

, is for the development of the country. But this kind of operation still needs the permission of the state. I will go to the National Development and Reform Commission in a few days to ask for policy support."

The financial method Li Weidong mentioned, using a billion principal to roll out 30 billion, is just a conservative operation. In the future, a certain financial institution will use the same method, with a registered capital of 3 billion, and roll out more than 300 billion from the bank.

More than a hundred times.

The financial risks behind a hundredfold difference can be imagined, so Li Weidong had to ask the state for a policy.

Wang Jiuyang also thought of another problem, and he said: "If it is a loan, there is also the risk that the other party will not pay back the money. These days, the person who owes money is the uncle, and the person who wants the debt is not as good as a grandson! You must have a mortgage.

."

"You don't have to worry about this. What we need to support is our own upstream supply chain. They supply us with goods. This is the best mortgage. If you dare to owe money, the worst we can do is not pay the payment." Li Weidong decided.

replied.

"I seem to be confused by you. We lend money to upstream suppliers, they use our money to make products, sell them to us and make money, and then use the money to return it to us. I always feel that there is something wrong

Something is wrong! Are we working in vain, or is the supplier working in vain?" Wang Jiuyang said.

"It's not in vain, everyone gets what they need." Li Weidong said with a strange smile; "The key here is actually the time for payment settlement. We are buyers, but at the same time we are the creditors of the seller. This

This means that the loan repayment period and payment settlement time are all in our hands!

Since we have the initiative at the financial level, we can extend the loan period through multiple loans, extend the payment settlement time, and control the capital chain of upstream supply chain companies. By then, we will have the ability to break the capital chain of upstream companies at any time. If it is just one or two

It’s not a big deal for a company, but what if the entire supply chain is like this?”

Hearing this, Wang Jiuyang took a breath of air-conditioning, with a horrified expression on his face, and said tremblingly: "That means we will control the upstream supply chain of the entire industry!"
Chapter completed!