Even after paying the ransom of 5 million Hong Kong dollars, Qin Yu had earned a total of 10 million Hong Kong dollars!
As expected, he still made money by being Master Dao. The key point was that he had gained nothing from this transaction.
Qin Yu did not even use any capital to redeem the detained fleet. He even earned tens of millions of Hong Kong dollars from the Guangdong Provincial Government!
After Qin Yu received the draft, he went to the bank to pay for the goods. At this time, the supervision was very loose. The bank basically redeemed the RMB draft with the draft.
However, it was a little difficult for Qin Yu to convert them into Hong Kong dollars. This was because China's foreign exchange reserves were relatively small at this time, and most people would not exchange them.
However, with Yin Linping around, Qin Yu didn't have to worry about this. He easily exchanged the RMB for Hong Kong dollars.
"Mr. Qin, since you still want to do business and invest in the mainland in the future, I suggest you register a company in the mainland. It will be much easier to exchange money in the future.”
Yin Linping suggested that Qin Yu register a company as a foreign investor.
Qin Yu thought about it and agreed that it should be like this. He couldn't bring Yin Linping out to put out the fire every time, right?
"Secretary Yin, I'll set up a grain storage company with Hong Kong capital. The name will be 'Zhongyu Grain Storage.' In the future, the import and export of bulk commodities will be settled in the name of this company.”
In 1979, Zhongyu Grain Storage was established!
This was Qin Yu's first company, which specialized in selling grain and other commodities.
Anyway, China had just opened up, and this land had yet to breed a creature like Mr. Dao. Zhongyu Grain Storage was the biggest Mr. Dao in China.
"Zhongyu Grain Storage Company? Mr. Qin, I'll entrust the transportation of grain in Guangdong Province to you in the future.”
Guangdong Province could not afford to buy large ships now, so Yin Linping could only let Qin Yu be the boss. Anyway, Zhongyu's grain storage shipping strength was huge, and Guangdong Province's grain supply could be considered as an additional guarantee.
"Secretary Yin, if you want to entrust Zhongyu Grain Storage to buy bulk commodities in the future, just say the word. It's easy as long as there's an approval slip.”
Qin Yu had positioned Zhongyu Grain Storage as a company that sold bulk commodities.
There were four major international grain merchants harvesting the world, and now he was using Zhongyu's reserves to monopolize China's business!
Yin Linping nodded. He had already asked Beijing about the invitation of Hong Kong investors.
Beijing's response was, of course, to vigorously introduce Hong Kong capital. That was why Yin Linping came forward to help with the exchange and took the initiative to mention the establishment of a company. All of this was to release a signal of change.
"Mr. Qin, China has just opened up. Due to the unclear ideology, foreign investors are hesitant about the Chinese market.”
"You're the first Xiangjiang citizen to come to the mainland to do business. Of course, the government will give you preferential treatment. In the future, we will have to cooperate with you in the import and export of bulk commodities.”
He didn't expect that Zhongyu Grain Storage would be treated as a model and given preferential treatment. It seemed that the Chinese government was indeed very determined to change.
Qin Yu knew how huge the Chinese market was. Any foreign company could earn huge profits here in the future.
After the establishment of Zhongyu Storage, Yin Linping also invited Qin Yu to accept many media interviews in Guangzhou.
The media in Guangzhou were thrilled when they saw Xiangjiang people setting up Hong Kong-invested companies in the mainland.
When interviewing Qin Yu, a large group of people came. The cameras inside and outside almost blinded him.
After a few interviews, the name of Zhongyu Grain Storage was also published in Guangzhou's newspapers.
As public opinion fermented, the entire Guangdong Province soon knew that Zhongyu Grain Storage was the first Hong Kong-funded company to settle in Guangdong Province.
Guangzhou Daily's front page quickly registered this matter:
"Mr. Qin Yu from Xiangjiang established Zhongyu Grain Storage. This is the first Hong Kong-funded company to enter the mainland since the Chinese government decided to open the company.”
Guangzhou Daily had a wide influence. The headline immediately caused a stir in society.
The first Hong Kong-funded company to enter the mainland?
Xiangjiang people also came to the mainland to do business!
The newspapers and media spread the praises one after another, and for a time, the people of Zhongyu Grain Reserve were in a frenzy.
Qin Yu had been busy in Guangzhou for a while, meeting with different leaders all day long. Although they didn't talk about specific business, everyone was eager to take photos with him.
Now that Zhongyu Grain Storage had become a model of Hong Kong-funded enterprises, Qin Yu could give the green light just by showing his face in Guangdong's officialdom.
Although Qin Yu had been very busy during this period of time, he enjoyed it. The Chinese government was too eager for foreign investment.
He could even give high-level preferential treatment to a company that sold food. If he could gain more face now, it would be too convenient for him to invest in the mainland in the future.
Xikedao Garden Villa, Xiangjiang City.
Qin Yu was busy in Guangdong Province, while Qin Shaohui and his wife were worried sick in Xiangjiang.
Qin Yu hadn't been home for nearly a month since he crossed the river, and he hadn't contacted her for the past ten days.
Qin Shaohui couldn't help but wonder if his son had met with an accident on the mainland.
Xu Hui kept urging Qin Shaohui to contact her son as soon as possible. She even wanted to send someone to Guangdong Province to check on the situation.
At first, Qin Shaohui wanted to wait and see. However, after waiting for a few days and not receiving any news, he panicked. He looked for Qin Shaojie to discuss and wanted to bring someone to Guangdong Province to see the situation personally.
"Xiao Yu has been negotiating with the Guangdong Provincial Government for a month. There's still no news about the ship that was detained.”
"Jack, I want to organize some people to go to the mainland personally!”
Qin Shaohui frowned. He wished he could cross the river overnight to check on the situation.
Qin Shaojie was still relatively calm. He immediately tried to persuade her after hearing what she said.
"Big brother, don't worry. These few days, my old subordinates have been sending news back. Little Yu might not be in trouble.”
The Qin's Group was also a well-known wealthy family in Xiangjiang. If the heir of the family lost contact in the mainland, the Qin's Group would definitely find out the result!
Qin Shaojie had just finished speaking when Barkley suddenly poked his head out of the study.
"Mr. Qin, Young Master has brought his men back.”
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]