mesbooks Chapter 290 Investment Branch
Chapter 290 Investment Branch
Liu Xing summoned Lü Hua, Song Qingshu, and Yu Shan from the Divination Department, as well as the Forbidden Control Department. Their expertise in computing made them ideal assistants. All three had recently reached the Core Formation stage and were currently cultivating their magical treasures, leaving them with ample free time. They were also top-tier experts who had fought alongside Liu Xing, making them both capable and reliable. He also asked Cui Yan for several Foundation Establishment clerks to organize data and track progress, as well as to handle cashiers and accountants. In just three days, the investment branch had assembled a team of forty people, leaving even Cui Yan amazed at Liu Xing's charisma.
With money and connections, Liu Xing was filled with ambition. He wanted to use this opportunity to practice. After achieving success in his training, he would eventually establish a top-tier power to help him soar higher. The Qianji Sect was his testing ground, where he would fuse the wisdom of past and present lives to create even greater wealth.
As long as the direction is right, the distance is not a problem. However, you can't become a big man in one bite. To make money, you need to move forward step by step. He always remembers the warning words from his previous life: "Investment is risky, enter the market with caution."
"Brother Liu, we have sorted out hundreds of projects during this period. Let's discuss them together and finally decide on them." In the investment branch office, four Jindan leaders gathered together for a meeting.
This meeting was prepared for three months. It integrated all the intelligence information of the sect and conducted a comprehensive analysis and evaluation of all the markets, minerals, production and other fields under the Qianji Sect. Today's meeting is to select the final investment project.
"Brother Lu, please introduce the projects one by one. The four of us will vote by raising our hands. If three or more votes are favorable, we will invest." Liu Xing said excitedly. He was looking forward to the output of the investment.
"Okay, then I'll start." Lu Hua didn't refuse and started right away.
"There is a huge silver mine on Wuji Island, which is currently being developed by the Zhuge family. If we invest two million spirit stones, we can own 20% of the shares, which is the maximum acceptable range for the head of the Zhuge family at present. With our capital injection, the Zhuge family can recruit more miners and build more equipment, and the efficiency can be doubled. We expect to recoup our investment in three years and make a total profit of six million in ten years. The only risk point is the occurrence of force majeure factors such as war, which leads to the interruption of mining. Vote or not!" Lu Hua adopted an easy-to-difficult ranking method, and first introduced the ones he thought were more reliable and easier to choose.
Sure enough, the Zhuge Wuji Silver Mine Project was quickly passed unanimously by the four people.
"Next up is the Nangong family of Wuhuang Mountain..." Following Lu Hua's introduction, dozens of real estate investments were quickly finalized. However, these family businesses were relatively small, with a total investment of only 20 million yuan. If all were successfully fulfilled within the ten-year contract, the projected profit would be 50 million yuan. If two-thirds were successful, the profit would still be 30 million yuan, the four men estimated.
Lu Hua and the other two were very excited, but Liu Xing was not interested in this. What he was really interested in was real estate and financial loans, so the two investment projects that would be discussed in the end were these two.
"Our start-up capital is only 100 million, which greatly limits our investment direction. So Captain Liu proposed the concept of opening a money house to gather the idle funds of all cultivators to increase our investment capital. Our first money house was built in Wandao Mountain, which is the largest market town in Qianji Sect. It has developed business and a large number of customers." Lu Hua took a deep breath and excitedly proposed this great feat.
"I have a question. How can we build trust and make the monks willing to deposit their money in the bank? Compared with the huge principal, the interest income is not enough for everyone." Song Qingshu asked worriedly. Yu Shan and Lu Hua also cast uncertain looks at Liu Xing.
This is the difference in perception, Liu Xing sighed inwardly. In his previous life, the prosperity of the financial industry brought great convenience to people's lives and greatly promoted social and economic development. But in this other world, the cultivators here are all powerful, but lack a sophisticated financial development system. For him, this is both an opportunity and a challenge.
"We are setting a precedent and are about to bring earth-shaking changes to the world of immortal cultivation!" Liu Xing stood up and began his passionate speech.
"The first step is to invest 10 million to build a fortress in the heart of Wandao Mountain Market. It will be three hundred feet high and will become a landmark of the market. The fortress must be impregnable, ensuring that even a cultivator in the late Nascent Soul stage cannot break through. This will give customers a sense of absolute security, and they won't have to worry about their money being robbed or stolen."
"The second step is to build a booth in the lobby on the first floor. We will take out 50 million spirit stones and place them there year-round. No one can touch this money. It will just sit there. This is to tell all customers that the bank has plenty of capital and you can come and withdraw your deposited capital at any time. It will also prevent scoundrels from spreading rumors that the bank has no money, and avoid the risk of a large number of customers running a run on the bank."
"The third step is to name it Qianji Bank. On the opening day, we'll invite my master, Elder Su and Elder Cao, two great monks, to cut the ribbon. On the one hand, we'll use these great monks to deter those with ill intentions, and on the other hand, we'll let the world know that this is Qianji Sect's property. Being one of the ten great sects is enough to earn the trust of the world."
After Liu Xing finished speaking about these three points, Song Qingshu and the other two were shocked. With the Qianji Sect's endorsement, the visible sufficient principal, and absolute security, coupled with the high interest rates, what reason was there not to deposit money in the bank? Carrying money around wasn't safe enough. Going out on missions in the future, you could go into battle easily without worrying about being robbed.
"Senior Brother Liu is truly talented. I can't wait to deposit my spirit stones into the bank." Yu Shan said with a grin, her eyes narrowed into crescent shapes, which looked very pretty.
The Qianji Bank was finalized with the unanimous agreement of the four. The next step was to discuss the details of the bank's construction and operation. In the early stages of the bank's operation, Liu Xing identified four service areas: first, depositing spirit stones to earn an annual interest rate of 3%, second, providing mortgage loans, third, providing valuables storage services, and fourth, investing in high-return projects.
Qianji Money House is divided into two departments: Financing Department and Investment Department. One is responsible for accepting deposits and the other is responsible for investment profits.
Thanks to a massive outlay of funds, the Qianji Bank fortress was completed in just three months. Standing three hundred feet high, it reached the sky, its layers of restrictions ensuring it was impregnable. Resembling a pagoda, it exuded a sense of opulence and wealth. The hall was filled with mountains of spirit stones, a truly mouth-watering sight.
On the opening day, Elder Su and Elder Cao both made an appearance, which caused a sensation throughout the world. Thanks to Liu Xing's advance publicity, cultivators from all over the world gathered here just to catch a glimpse of the great cultivators.