The Fourth Lingshi Financial Crisis

Chapter 161: The Chamber of Commerce is Short of Money!

As we all know, all the spirit stones in Kyushu's cultivation world come from the seven super spirit stone veins.

The equity of these seven spiritual stone mines are all publicly traded on the Wuliangjianpai stock exchange, and you can buy them at any time as long as you have money. Therefore, the risk-free rate of return recognized by the Kyushu cultivation world is the dividend rate of these seven spiritual stone mines ( dividend yield).

According to the current public trading price of the Lingshi vein equity, this ratio is currently infinitely close to 0.01%.

In other words, if you want to use Lingshi coins to buy equity in Lingshi veins, it will take 1 years to recover the investment through the dividends of shareholders of Lingshi veins.

The legal effect of the stock in the Lingshi vein is the double endorsement of the Lingshi Reserve Bank and the Tiandao contract, so although the return on investment is not high, there is no risk.

The risk-free rate of return is so low that the risky rate of return is naturally not much better.

In order to start the Qingning Chamber of Commerce, Li Qingning, the top rich second generation in the comprehension world, spent a total of nearly 1000 million Lingshi coins as start-up capital, but with such a huge capital expenditure, the investment income he obtained was pitifully small.

Even if all the amount of corruption found by Yang Lu is added back, Li Qingning's profit from starting the chamber of commerce in the past three years is less than 90 yuan in Lingshi coins, and the comprehensive investment rate of return is less than 3%.

This is also the reason why Li Qingning opened up and had the backing support of Jindaomen and Li Qingyang.

According to Yang Lu's grassroots research, the long-term return on capital of most comprehension chambers of commerce is only around 2%. The Zhujia Chamber of Commerce under the shelter of Duzhitang can only have a slightly higher return on investment.

With such a meager profit level, the Cultivation Chamber of Commerce is not a good business. As long as there is a little mismanagement and a little leakage, the Cultivation Chamber of Commerce will face the risk of closing down. This is why Li Qingyang disagrees with Li Qingning's establishment of the Chamber of Commerce. In the end, Li Qingning ran away from home.

Even a rich and powerful man like President Li Qingyang can't hold back such a prodigal Li Qingning!

This is like France during the Great Revolution. Everyone thought that Marie Antoinette, the "Queen of Deficit" who was guillotined, was the most prodigal. But when it was Napoleon's turn to do big things, everyone realized that he was even more outrageous. After all, the deficit The queen just wanted to redecorate the Palace of Versailles, but Napoleon wanted to raise hundreds of thousands of modern troops!

Hong Kong tycoon Xu Shixun once said that he would rather let his son Xu Jinheng eat, drink, whore and gamble every day than let him inherit the family business. For this reason, he directly established a family trust, so that his son can only receive a fixed monthly living allowance of 200 million.It is because the business loses money too quickly, even a Hong Kong real estate tycoon worth 400 billion Hong Kong dollars can't bear it.

This is true in Hong Kong, where the rate of return on capital is average, and even more so in the cultivation world in Kyushu, where the rate of return on capital is extremely low.

Rao Li Qingning has worked very hard. She still "lived up to everyone's expectations" in the past three years, and successfully lost more than 20 Lingshi coins. This loss is enough to support hundreds of ordinary Qi-refining practitioners.

That is to say, Yang Lu worked hard to recover hundreds of thousands of stolen money, which allowed Li Qingning to make a little profit. If not, Li Qingning would not only have done nothing for nothing, but also paid a large sum of money in the past two years.

Now to expand the cooperation with Haiya Chamber of Commerce, Qingning Chamber of Commerce will inevitably invest a lot of capital again.

The Sea Cliff Chamber of Commerce is not a charity, but a profit-making organization that needs to support more than 8000 disciples. Even if Li Qingning was assassinated in the street last time, Jiang Hua'an only offered a discount of 20 spirit stone coins as compensation.

It's not that Jiang Hua'an is stingy, it's because the landlord's family doesn't have any food left over, and even the mere discount of 20 spirit stone coins, he personally paid [-] in advance from his own pocket, otherwise he wouldn't be able to give it to the elders (shareholders) of the Haiya sect We are on business.

It is already a great blessing that the Qingning Chamber of Commerce can partner with the Haiya Chamber of Commerce to do business. It must not be expected that the Haiya Chamber of Commerce will help pay for the capital. Even if the most conservative amount is calculated, the Qingning Chamber of Commerce will have to spend at least 400 Wanlingshi coin capital.

Hearing this staggering amount, Yang Lu couldn't help asking: "Miss Qingning, how much money can you give now?"

Li Qingning gently tugged at the corner of his clothes, and said with some embarrassment: "The Qingning Chamber of Commerce has about 100 million Lingshi coins in working capital, and the stolen money you recovered recently is about 60. The demon pill brought back from Tianshu City is worth 30, Jiang Huaan planned to give away 20 last time, and I can pay another 50, and there is still a shortfall of at least 140 million..."

Yang Lu finally understood why Li Qingning was in such a cramped young daughter's pose.

Even though she counted 260 million working capital, more than 100 million of it was earned by Yang Lu with his help, but even if Yang Lu's family fortune earned from Tianshu City was included, there was still a shortfall of 140 million. The hole in the stone coin cannot be filled!

Hearing this huge sum of money, Yang Lu was also a little worried.

He was able to help Li Qingning solve the problem of more than 100 million Lingshi coins. In the eyes of ordinary people, he is already the reincarnation of the God of Wealth. If he wants to collect another 140 million Lingshi coins, he may have to rob Haiya Bank. !

After thinking hard for a long time, Yang Lu tentatively asked: "He Mingyuan should still have his own small treasury..."

"I... I've already looked for He Mingyuan!" When mentioning He Mingyuan's matter, Li Qingning obviously hesitated, "I persuaded him for a long time, but this guy can only take out 30 spirit stones at most, and he really can't squeeze it out." More oil and water!"

Based on Yang Lu's understanding of Miss Li, this so-called "persuasion" must not be that simple!
No wonder when I saw He Mingyuan recently, I always felt that this guy was full of lovelessness. Yang Lu thought that Manager He was obsessed with anti-corruption work and couldn't extricate himself. Now it seems that he was completely pissed off by Li Qingning's blackmail!

Li Qingning also knew that his behavior of extorting He Mingyuan privately was not very authentic, so he explained in a voice like a mosquito: "I didn't openly steal money from Manager He, I promised him a share in the Qingning Chamber of Commerce's business, but I only have the right to share dividends." ..."

After listening to Li Qingning's explanation, Yang Lu finally breathed a sigh of relief.

Qingning Chamber of Commerce has no generals in Shu, and He Mingyuan is still very useful as a tool.As long as Li Qingning did not resort to extreme measures, there is still room for redemption.

After all, Yang Lu was also planning to put his mind on He Mingyuan, and at worst, he would renegotiate the terms of cooperation with He Mingyuan himself.

In fact, there is nothing wrong with the strategy Li Qingning came up with. Letting He Mingyuan take a stake in the Qingning Chamber of Commerce is equivalent to issuing additional shares for the company's management to subscribe. As long as the subscription price is right, the interests of the management and the company can be effectively bound together. At the same time, there is nothing wrong with this in terms of business management theory.

But the core of the problem lies in how much the subscription price should be set.

If the subscription price is set high, it is equivalent to robbing the management, and if it is set low, it is equivalent to the loss of corporate assets. The pricing level of equity incentives is the key to testing the wisdom of entrepreneurs.

If the price is right, it is a win-win situation, but if the price is not right, just like the capital market of a big country on the earth, then the equity incentive is basically a synonym for hollowing out public assets, such as a certain profit selling milk and a certain idea selling computers. Relying on this indiscriminately priced equity incentive, the state-owned enterprise has suddenly become its own private kingdom.

(End of this chapter)