Chapter 707 Small Talk at the Dinner

There are no surprising words.

The simple opening remarks, mixed with Cantonese Mandarin, made everyone excited.

The old gentleman said slowly: "Today I have the honor to receive all of you, and the entire Changjiang Group is flourishing."

The whole field instantly burst into thunderous applause, and everyone's faces were flushed with excitement.

For no other reason than excitement.

In the eyes of everyone, the old man's words really gave him face.

Even if all the 35 CEOs present were added up, the total market value of the company probably would not exceed that of Changjiang Group.

The two sides are not of the same order of magnitude at all, but the old man still gives face like this, can you not be excited?

Li Dong applauded while looking around at the crowd.

Seeing that almost everyone was staring at that person with a pilgrimage mood, I suddenly felt a little dull.

It's not jealousy, and it's not that people shouldn't be excited.

But at this moment, Li Dong just felt a little boring. Maybe someone in later generations broke the myth of the old man, or maybe it came from different trends on the Internet later, which made Li Dong less religious than others.

It's just a prologue, it's just a polite remark. As for being so excited?

Perhaps he underestimated the status of Li's richest man in the hearts of everyone in this era, and the applause lasted for a long time.

It wasn't until the old gentleman pressed his hand that everyone stopped.

After finishing his opening remarks, the old gentleman continued to laugh and said, "You are all excellent entrepreneurs in the Mainland, and I should learn from you. Today we just chat a few words, chatting while eating, and talking about common things."

Everyone nodded quickly, and obediently picked up the bowls and chopsticks and began to eat.

After a while, someone couldn't help it anymore. Ren Hongbing, who was sitting at table one, asked, "Mr. Li, what do you think of domestic companies going global?"

Li Shoufu slowly put down the bowl and chopsticks, thought for a while and said: "There is no sense of anti-dumping in the country, and there will be big problems in the future.

Unemployment rates are very high in many European countries. If Chinese goods are sold there with cheap prices, the jobs of the local people will be affected, and it will be a matter of time before people feel disgusted.

Domestic enterprises should come up with a solution by themselves. There is no solution. Now domestic manufacturing makes very little money, and the middlemen make all the money.

There are many business opportunities in China, but to be a successful multinational company, your market must be established by yourself.

Soon after I started my business in the 1950s, I found foreign markets directly and got rid of agents. Now there are not many domestic companies with their own markets, which is worth pondering. "

Everyone nodded quickly, digesting the old man's advice, and then another boss at table one asked: "Mr. Li, what is the difference between the foreign economic environment and the domestic one?"

"There are too many opportunities in Huaxia, and there are gold mines everywhere. Huaxia entrepreneurs should seize these opportunities. As for foreign countries..."

The richest man Li also briefly said a few words about the foreign economic environment, and everyone nodded silently after listening to the comparison.

Is the domestic economic environment good?

Many people complain that the domestic economic environment is not as good as that of foreign countries, and businessmen are greatly restricted. In fact, when you go abroad, you will understand that the moon abroad is not as round as domestic.

Because there are too many people, it is impossible for everyone to have the opportunity to ask questions.

The bosses at table one asked two more questions, and the time was up.

The richest man Li greeted everyone at table one, and then walked towards table two.

Xiang Bing, the professors from the college, and several assistants quickly moved over together, and everyone at table one straightened their heads, as if they wanted to ask a few more questions.

Li Dong and the others hurriedly stood up to greet the old man. When the old man sat down, Wu Yajun was about to ask questions, when a person next to him suddenly said excitedly: "Mr. Li, we all respect you very much. Whether it is career or family, you have two sons. I also have two sons, how do you manage them?"

The richest man thought for a while and said: "The children should be made to suffer, and let them know how the poor live."

Everyone nodded quickly, but Li Dong curled his lips and remained silent.

The richest man Li seems to have seen this scene,

With a little interest, he said, "Li Dong, do you disagree?"

Everyone quickly turned their attention to Li Dong's head, as if they couldn't believe that this guy had a different opinion.

Li Dong didn't look at other people either. When he heard the old man's question, he smiled and said, "Maybe it's because I don't feel deeply, after all, I don't have children. But I also suffered a lot when I was young. At that time, my biggest wish was to be my own child." children can receive the best education and live the best life.

You said to let the children suffer a little bit, but I don't have much opinion.

However, I think suffering is not the goal. If this goal can be achieved without suffering, then the so-called hardship is naturally unnecessary. "

The richest man Li did not refute, he nodded slightly and said with a smile: "It makes sense, you can try it when you have a child. After a few years, I hope I will have this opportunity to see your child grow into an outstanding talent like you. "

Li Dong quickly said: "I would like to borrow your good words."

Originally, Li Dong didn't intend to ask questions, but now that it's said, Li Dong doesn't mind asking more.

After thinking for a while, Li Dong asked: "Chairman Li, have you ever known the distant place?"

Li Shoufu smiled and said, "I know a thing or two."

"Then can you tell me, where is Yuanfang's biggest disadvantage now?"

Li Dong was looking forward to it. He actually asked many people this question, but the answers they gave were not what he wanted.

Such as a shortage of funds and a shortage of talents, these are actually not fundamental problems.

If he really wants money, Li Dong can casually split up several industries and go public, financing is not difficult.

The richest man Li may not know much about Yuanfang, but Li Dong still wants to see if this legend in the Chinese business world can give a different answer.

The richest man Li did not perfunctory or shake his head as Li Dong imagined, he pondered for a moment and said: "The layout of the downstream industry is not enough."

"Downstream industries..."

Li Dong was thoughtful, Li Shoufu nodded and said: "Because Mr. Fang and I are also friends. When you bought Times, we talked about the distance in private."

Li Dong was surprised and said, "Mr. Fang told you about me?"

Mr. Fang is naturally the master of the original era, Fang Keng, this person's status in Xiangjiang is not low, it is not surprising that he knows Li Dong with Li's richest man.

It's just that Li Dong didn't expect that the two of them would actually talk about themselves.

The richest man Li said with a smile: "You are too young, someone will always pay attention to you."

After saying a few words, the old man returned to the topic and said: "Yuanfang Supermarket, you are doing very well now. But the supermarket is not only a place for stores to display items, but also an industrial connection point.

Yuanfang Supermarket has not kept up with the construction of its own brand and the construction of downstream additional industries.

This has also caused your foundation to be vain and your core competitiveness to be low.

Once encountering a shock, your industry is the most likely to become a victim.

To really let Yuanfang Supermarket go global, you need not only to expand the number of stores, but also to improve many things step by step. "

Li Dong understood the meaning of this, and his eyes flickered slightly: "Chairman Li means that we lack a completed industrial chain layout? For example, food, clothing, and vegetable gardens. We should prepare and provide these ourselves?"

"Not exactly, but I hope you can get out of the current predicament of relying too much on channel providers."

Li Dong pondered for a while, then nodded and said, "Thank you Chairman Li for your suggestion!"

This is not only about supermarkets, but also other industries in the distance.

In terms of real estate companies, the supporting property and construction companies failed to keep up with the pace, which resulted in the low efficiency of Dongyu Real Estate and the outflow of profits.

Li Dong has considered these downstream industrial layouts before, but he doesn't pay too much attention to them.

When the richest man Li said seriously that he should care about this, Li Dong immediately realized that he was being careless.

Although Changjiang Group is best known for its real estate business, they are also engaged in retailing, and it is also in line with international standards.

Since the richest man Li said that his core competitiveness is low, it must not be aimless.

Li Dong let out a sigh of relief, he didn't say anything else today, just these few words, he was not in vain.

He hardly listened to what everyone was talking about next.

It wasn't until Wu Yajun who was next to him asked, that Li Dong listened to him.

What Wu Yajun asked was not himself, but Country Garden.

Country Garden is currently conducting an IPO in Xiangjiang and will be listed in the next few days.

The reason why I asked Country Garden was not because the other party was going to go public now, but because the listing of Country Garden gave other real estate companies a trend and an opportunity.

fiery!

Very hot very hot!

Countless people are chasing after, and countless people are waving banknotes and waiting to enter the game.

This is the current situation in Xiangjiang. Judging from the current situation, once Country Garden is listed, it is very likely to become the largest real estate company in the mainland.

Of course, this is just market value.

However, Country Garden's domestic strength has not reached this level. Wu Yajun even felt that his own Longhu could touch his ass.

At this time, Country Garden's IPO caused such a fiery situation, of course, she also paid more attention.

Hearing her question about this, Li Shoufu pondered for a moment before saying: "I also heard that the market is hot. Some people even approached me before, hoping that I could also join the game, but I refused."

Wu Yajun asked quickly: "Why? Don't you like it?"

"I have always believed in a philosophy: when everyone rushes in, hurry out, and rush in after everyone stops playing."

"Country Garden is now being fired very hotly, and there are countless followers. When entering the market at this time, first of all, the profit will not be maximized, but once there is a change, the loss will be maximized."

"Under the same conditions, it is not the best choice to invest in Country Garden at this time."

Speaking of Li's richest man, he thought for a while and said: "The other thing is that the risk is too high, and the speculation is a bit overdone now. I have also read their prospectus. At the end of 2006, the other party's net assets were only 1 billion Hong Kong dollars. Now it is just an over-allotment Part of the total equity transfer can raise about 15 billion Hong Kong dollars, which is equivalent to 10 times the net assets at the end of last year.

The most important reason why investors are optimistic about and pursue Country Garden is that Country Garden can acquire land at a low price.

Their prospectus shows that land premium costs account for less than 10% of the total cost.

A lot of people see this as an advantage, in fact it seems to me to be a disadvantage.

To acquire land at a low price, there are many real estate companies present, and they all understand what they hope for. Once the situation is turbulent, the risk is too great. "

Wu Yajun and Li Dong, the bosses involved in real estate, all nodded quickly. The cost of the land price should not exceed 10% of the total cost. What is this concept?

Li Dong's Dongyu Real Estate, the land price is the big one.

Accounting for more than 60% of the total cost, on the one hand, it shows that Dongyu Real Estate spends too much in this area, and the team management and cost control are not in place.

On the other hand, it shows that Dongyu Real Estate is formal and stable enough.

The land cost of no more than 10% may not necessarily be an advantage sometimes, as it relies too much on external forces.

Once there is a change, it will be a bolt from the blue.

Moreover, obtaining land at a low price is not a long-term solution. Just because you can obtain land at a low price in Guangdong Province does not mean that you can obtain land at a low price when you go out.

If you count on enclosing a small piece of land, even if you earn a lot of money, the future prospects may not be very good.

No matter whether they are engaged in real estate or not, everyone is thoughtful at this time.

The richest man Li didn't dwell on this topic anymore, Xiang Bing, who was following him, said with a smile: "This is just an internal case analysis in our course, please try not to spread it outside."

Country Garden has only been listed in the past few days. If it is reported that the richest man Li is not optimistic, it will not be fun.

Although the richest man Li himself didn't care, once it got out, it would be recruiting enemies for no reason.

This enemy is not only Country Garden, but also many capital predators in Xiangjiang.

The reason why Country Garden is now being fired is not unrelated to those people.

Once the listing fails to meet expectations, the resulting losses may reach tens of billions. How can people not hold grudges for such a large loss.

Everyone nodded quickly, but Li Shoufu smiled and said: "There is no need to do this, relax a little, just chat for a while, don't you even let people talk?"

Xiang Bing gave a dry laugh and didn't say anything else.

When other entrepreneurs started to ask questions, everyone bypassed this topic.

Ten minutes later, the richest man went to the next table.

Wu Yajun approached Li Dong and whispered, "Dongzi, what do you think?"

"What?" Li Dong asked suspiciously.

"I was thinking about the listing of Country Garden. Once Country Garden succeeds, we, Longfor, will also start planning to go public. But now Mr. Li is saying..."

Wu Yajun said a little depressed: "This time, I feel a little uneasy."

Li Dong said with a faint smile: "Mr. Li said it himself, it's just what his family said. Of course, according to my opinion, it's better to be steady for the past two years. Longhu has just stepped out of expansion, and you are not too short of money now." , financing is not necessary.

In two years, it will be more stable then. "

Wu Yajun sighed: "That's the only way to go. As for your claim that there is no shortage of money, that's all nonsense. In our business, who else thinks there is too much money? By the way, Dongzi, you Dongyu Real Estate have thought about splitting it up." Is it going to be listed?"

"Not urgent."

Li Dong shook his head and said, "Dongyu Real Estate is just a shell right now, without any substance. Moreover, our land reserve is too small, so even if it goes public, it may not be popular."

"What about Yuanfang Supermarket?" Wu Yajun continued: "You issued bonds before, obviously because of the lack of development funds. At this time, I think your Yuanfang Supermarket can be split and listed. According to the current market situation, it should not be difficult to raise tens of billions. big."

"Wait a little longer, the layout of Yuanfang has not been fully completed. It is not in line with my expectations to go public at this time and push Yuanfang under everyone's nose."

Wu Yajun couldn't help laughing and said: "Outsiders say that you are gluttonous, you can only enter but not exit, and you are right. After all, you still want to eat alone. But eating alone is hard to fat, Dongzi, almost got it You are competing with yourself now, are you tired?"

While drinking red wine, Li Dong said with a faint smile, "Is it gluttonous? Let them decide. As for rivalry, that's not true. It's just that I have my own plan, and now is not the time to go public."

"Then I won't say much, but this time Lao Yang from Country Garden really made a move. In the past few days, I have noticed that many people in Xiangjiang are talking about their listing. This time at least they can raise funds If it exceeds 10 billion, then Lao Yang will have money to staking land again."

Wu Yajun looked envious, but Li Dong was actually envious too.

Although Country Garden is much stronger than Dongyu Real Estate at this time, it is not necessarily comparable to Dongyu Real Estate if it is really calculated based on net assets.

The other party hoarded too much land, but the debt was also terribly high.

As a result, a simple listing easily raised tens of billions of funds for development.

It's not like Li Dong, who is exhausted for the 3 billion bond.

Not only is the real estate industry booming this year, but the retail industry is also booming.

In 2007, a large number of chain enterprises were listed in Xiangjiang, and the financing ranged from a few hundred million to several billion to tens of billions. At this time, everyone's enthusiasm was very high.

Of course, Li Dong also knew that this was just a temporary false prosperity.

When the 2008 financial crisis comes, the market value of these companies will shrink significantly.

At that time, unlisted companies will be less impacted than those listed companies, and it can only be said that each has its own advantages and disadvantages.

While the two were chatting, time passed by.

Everyone asked a lot of questions. After eating a meal for more than an hour, in fact, no more than half of the actual meal time was spent, and the rest of the time was spent asking questions of the richest man.

And the richest man Li did not tire of taking the trouble, answering and explaining one by one.

When the dinner was over, everyone was satisfied and felt that they had gained a lot.

Before the end of the session, another wave of frenzy erupted among the crowd.

Photograph!

Group photos first, followed by individual photos.

Everyone took pictures with the richest man respectively, and finally got into the elevator reluctantly under the warm farewell of the richest man.