Shortly after Feng Xiaochen and the others arrived home, Feng Hua and Feng Shuyi and his wife also got home from get off work one after another. Everyone put the wine and food on the table, distributed the dishes and chopsticks, and sat down with guests and hosts. The Feng family's welcome dinner began.

Feng Xiaochen is a junior at home, so the Feng family naturally does not need to have a grand ceremony to welcome him. Although Yang Haifan is considered to be of the same age as Feng Xiaochen, he is older and an outsider. The elders of the Feng family are quite polite to him and frequently toast. Yang Haifan also thanks them one by one, so there is no need to explain the process in detail.

After three rounds of drinking, everyone gradually started to talk about the main things. Feng Xiaochen introduced his ideas about building construction machinery to Yan Leqin, Feng Hua and Feng Shuyi and his achievements in the trip to Hong Kong Island. He had already talked with Yan Leqin and the others through letters and phone calls before he could tell him the matter. At this time, he was just introducing the details. But the incident in Hong Kong Island had just happened and had not had time to inform them. When he said it, several elders were surprised when they heard it.

"The graduates of Imperial University must have a very high level!" Yan Leqin sighed, "Let me check the paper published by Zhang Guodong to see what achievements he has made. If such an expert is the chief engineer for you, this matter will be a bit obvious."

"These are all trees planted by grandpa back then, and now we can enjoy the cool air." Feng Xiaochen said.

"Your grandfather has always cared about others. He has done a lot of things like this in Germany in the past. Some of the people he helped later took good care of me and your third uncle," said Yan Leqin.

Feng Hua doesn't know much about technology, but is very interested in investment. He said: "It is a great thing that you can convince Zhang Jiuzheng to invest in you. Zhang Jiuzheng has been doing a great job in Hong Kong in recent years and is also well-known in the international capital market. With his 150 million Hong Kong dollars, I can also raise some funds for you in the European market. I dare not say that there is too much, and there should be hope for 10 or 20 million US dollars."

"If this is the case, that would be great!" Feng Xiaochen said happily. Bankers have always despised the poor and loved the rich, liked to do things that add icing on the cake, and did not like to do things that would help in time. Zhang Jiuzheng promised to inject capital into Chenyu Company, which is equivalent to endorsing Chenyu Company's credit, and other bankers would have the courage to invest. On the contrary, if a company does not get favor from a certain bank, other banks would not consider investing in it, because they would think that the company lacks credit.

Feng Xiaochen first asked Zhang Guodong to be the chief engineer, and then went to raise funds from Zhang Jiuzheng, which was equivalent to using Zhang Guodong's credit as collateral. Of course, his experience in reinstallation, the success of Chenyu Bearing Company, and his identity as a disciple of Shen Rongru are also part of his credit. With these, he was able to make Zhang Jiuzheng moved.

With Zhang Jiu% of his investment, and with Feng Hua's connections in the European financial market, he can also raise more funds for Feng Xiaochen. This is simply a typical case of making money from nothing.

"With Zhang Jiujin's 150 million Hong Kong dollars, plus the 10 or 20 million US dollars raised by Uncle San, I can almost have more than 40 million US dollars in assets. This money is really insignificant compared to the European and American engineering machinery giants, but as the capital to start, it is barely enough." Feng Xiaochen said with a smile.

In 1984, the official exchange rate of US dollar in China was 100 US dollars to 232 RMB, and 40 million US dollars was almost equivalent to 100 million RMB, which is a large amount. However, if you want to establish a construction machinery enterprise of a certain scale, the investment of 100 million RMB can be considered barely enough.

"Xiaochen, $40 million, but can you hold on to a considerable amount of funds?" Yan Leqin asked with some concern.

Feng Xiaochen smiled and said, "Grandma, when I was reinstalling, the companies I came into contact with had at least hundreds of millions of assets, and just 40 million US dollars is nothing."

Feng Hua shook his head and said, "The experience you have done in reinstalling is far from enough. You have said in the past that your work is basically just a little coordination between companies, not really managing a company. With such experience, it is still relatively risky to manage a company worth tens of millions of dollars. You must have a clear mind."

Feng Shuyi gave Feng Hua a blank look and said dissatisfiedly: "What are you saying? I don't think Xiaochen has any problem managing a large enterprise. Think about it, when Xiaochen first came to Germany a few years ago, there was nothing. But a few years later, he has two large enterprises with assets of several million yuan. Don't you think he is born an outstanding businessman?"

Feng Hua laughed and said to Feng Xiaochen: "Your aunt is right. Xiaochen, your grandma and I are just giving you some reminders. Don't be scared by our words. In fact, I have been paying attention to the Chinese market in the past two years. I think the Chinese market is still a seller's market, and all kinds of industrial products are in short supply. As long as you can produce it, it is not difficult to sell. Such an opportunity is once a lifetime for an investor, so I still agree with you to take this risk."

Feng Xiaochen smiled and asked Yan Leqin, "Grandma, what about you, do you agree with me taking this risk?"

Yan Leqin pretended to be on the floor and said, "What can I do if I don't agree? I'm old, your uncle and aunt have the final say. They both agree with you. Is it useful if I object? However, Xiaochen, I will tell you that after you start your business, you should communicate more with your uncle and aunt. After all, they all have market experience and can give you some guidance."

"Of course." Feng Xiaochen responded obediently.

If it were a few years ago, Feng Xiaochen proposed to borrow tens of millions of dollars to start a business, Yan Leqin, Feng Hua and others would never support him, and it would be even more impossible to help him raise funds. But now, with the successful precedent of Chenyu Bearing Company, Yan Leqin and others have more confidence in Feng Xiaochen. In the past few years, Feng Xiaochen's ability and his steadiness that are not commensurate with their age have surprised the grandmother and uncle who are far away in Germany.

Feng Xiaochen did not dare to discuss this with his parents, because the investment of up to tens of millions of dollars would definitely scare them to sleep. Yan Leqin and Feng Hua and others had much stronger psychological endurance. After all, they have lived in Germany and have seen some worldly things. They reminded Feng Xiaochen to pay attention to risks, but they had already done a risk assessment for Feng Xiaochen in their hearts and knew that this matter was quite certain. If it weren't for this, Feng Hua wouldn't have helped Feng Xiaochen continue to raise funds.

After talking about the risk issue, Feng Hua said again: "Xiaochen, how did you consider the business strategy of this company? Let's tell you all about it."

Feng Xiaochen nodded and said, "Okay, Uncle San. I think so. China's large-scale infrastructure construction will last at least 30 years, and the market for construction machinery is very large. At present, there are many domestic engineering machinery companies, but most of them are relatively small in scale and their products are relatively backward. Domestic engineering companies need high-performance engineering machinery, but they cannot provide them in China. Importing is restricted by foreign exchange. This is our opportunity.

My plan is to target the international advanced level and provide products with products with performance and technology close to imported machinery to the domestic market, and the price is between existing domestic machinery and imported machinery, so as to achieve import substitution. When I was in Hong Kong, I talked to Zhang Guodong about some technical ideas, and he said that it can be done. As long as we can have a relatively high starting point, most of the domestic peers will not be able to pose a threat to us."

"This idea is good. Maintaining technological leadership and realizing import substitution is indeed a good strategy. In this way, you have a competitive advantage and don't have to fight price wars with other companies." Feng Huazan said.

Feng Shuyi said: "Xiaochen, come back and make a list of the products you plan to make. I will help you search for patents to see if there are any expired patents. You can use these patents directly."

"That's so thankful to my aunt." Feng Xiaochen said. Nowadays, Chinese companies do not pay much attention to intellectual property rights. Many companies directly copy foreign patent technology in their products and do not pay patent fees to foreign companies. Because China's internationalization level is low, foreign companies are either too lazy to pursue it or out of reach. In short, there are not many lawsuits related to patents.

If Feng Xiaochen only plans to sell his own products in China, he can temporarily not consider patent issues. However, his idea is to take issues such as patents after occupying the domestic market, so issues such as patents need to be taken seriously. In this regard, Feng Xiaochen does not have much psychological pressure. He has many design concepts that appeared in later generations, just waiting for Zhang Guodong to turn them into actual technologies and apply for patents. With these patents beyond the times, he has the capital to exchange patents with foreign engineering machinery giants.
Chapter completed!