Hong San nodded." Of course. There are risks in investing. However, I will minimize the risks."”
"The labor fund, including all the income of the labor fund, will not directly participate in the transaction.”
"Our money will only be used for pure investments. For example, President Yu, I will invest a certain amount of wealth in your shipping company and take 10% of your shares. If your company profits, we will naturally profit as well.”
"Moreover, this money also has a certain degree of control over the industry and risk of the investment. For example, if the industry is risky, they will not do it. They will only gather the money in the relatively less risky industry.”
After hearing Hong San's words, Yu Hangxing completely understood.
However, this was the first time he had seen such a business method!
Seemingly happy, Hong San continued,""In fact, it's not just labor. The labor fund is only a very small part of it.”
"According to this business model, we can actually derive many insurance companies.”
"For example, retirement. We are not limited to any industry. As long as you buy our insurance, you will reach the retirement limit at your age, such as 60? 65？"After that, we will provide monthly living security for these people who have paid insurance.”
"In this way, the group of people who have bought insurance won't have to worry about their lives when they get old.”
"There's also accident insurance. If someone's life is in an accident and they fall ill, they will need to spend a lot of money, a sum that ordinary families can't afford. We have health insurance, and we guarantee your health. If you have an accident or even die, we will pay a sum of money that far exceeds the amount you paid.”
"For example, you paid a total of 500 dollars, but the amount of admiration might be 5000, or even more.”
"The business operation is the same as the labor fund I just talked about.”
Yu Hangxing listened to Hong San's story as if he was listening to some heavenly voice. He was confused for a moment, then pleasantly surprised for a moment. He was even so ecstatic that he slammed his palm on the table!
"Wonderful!"
"Wonderful!"
"Boss Hong, your idea is really wonderful!”
"I've been thinking about how to help those poor people, but I can't think of a good way. After all, no matter how much money I have, I can't take care of everyone.”
"It's even more impossible to blindly sponsor them."
"Now, through such a method, not only can we help many poor families, but we can also help them. He could even use commercial means to maintain this balance! This is a long-term plan!"
Yu Hangxing's two friends also understood what was going on.
All of them revealed surprised expressions.
Looking at their expressions, Hong San sighed regretfully and said,""Although this model is not bad, it is a pity that it is not suitable for the current world…"
Everyone who was wondering why Hong San sighed understood when they heard this.
Indeed.
The current world was precarious.
Even Qi Xieyuan, the governor of the entire Jiangsu Province, could not guarantee how long he would be able to stay in office.
Moreover, this insurance was a long-term business.
The profits would be many years later. How could the people believe that you could guarantee their profits?
Even if your reputation is high and your status is high.
I can trust that you won't line your own pockets, but what if an enemy invades?
Natural and man-made disasters?
Everyone sighed in unison.
He also understood why Hong San only set up this labor fund and not a commercial insurance fund.
If it was just the labor fund, then the bosses of the factories and docks where the workers worked could help you pay this small amount of money.
At the same time, the boss would no longer have to worry about the workers getting into trouble and would have to bear a lot of pressure.
However, once this matter was placed on the workers themselves.
Life was not easy.
Why would he take out money to do this?
It would only be profitable after decades.
Everyone who was excited just now also had a gloomy expression.
However, Yu Hangxing had a deeper understanding of Hong San's business vision.
" Of course, with the current world, it's not really impossible. Everything depends on the labor fund. If the prospects of the labor fund are good and the workers truly feel the benefits, it's not impossible to do commercial insurance, but this will have to wait.”
Everyone nodded.
At this point, Yu Hangxing spoke.
"Boss Hong is really far-sighted. He's young and promising.”
"We have disturbed you today. Since the matter of the labor fund has been discussed, we will not disturb you any longer. In the future, we will invite Boss Hong to the residence for a chat.”
Hong San smiled and cupped his hands.”
He sent off Yu Hangxing and the others.
Hong San hadn't even rested for a while when someone knocked on the back door of Hero Casino.
Just as Hong San was wondering who was knocking on the back door, he opened the door and saw that it was the coachman, Yu Likui!
Yu Likui carefully looked around. After seeing that there was no one around, he said to Hong San,"Boss Hong, my master sent a message to me. He's safe now and asked me to thank you.”
"In addition, after my master recovers, he will personally thank you when he has time.”
"He also left a message saying that if Boss Hong needs any help in Shanghai, he can contact our Coachman Association. In addition, the brothers of the Axe Gang can also help.”
Hearing his words, Hong San smiled and nodded.""Faction Leader Wang is too polite."
"If there's anything in the future, I'll definitely visit you!”
Yu Likui nodded and quickly disappeared.
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