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Chapter 135: Chapter 123: Huge Loan (Please Subscribe!) _1
In his past life, he saw those unscrupulous hospitals outright swindling money, with so-called elderly experts and professors at the helm and a catchy name to attract customers and charging exorbitantly. It was downright detestable. Not to mention those TV shopping ads specifically targeting the elderly. They’d hire an actor to play a part in numerous false advertisements. The unwary seniors who believed in these ads and bought the products were not only wasting their money but also risking their health. True, most of these products were harmless like sugar water hormones, but they lacked any medicinal property and could delay appropriate treatment.
Put another way, these ruthless entrepreneurs are not just money-grubbing, they’re endangering lives. They all ought to be arrested.
Tang Qing also hoped that the development of intelligent medical care could be expedited, as it, combined with big data, could significantly ease the strain on medical resources.
In reality, many illnesses have standard treatments. This is the primary differentiation between western and traditional Chinese medicine: the former can be widely propagated and tested. A doctor’s experience might only span a few dozen or hundred patients, but if replaced by an intelligent system in the era of big data, it would be backed by millions of cases and the chances of misdiagnosis would reduce drastically. Machine replacing human labor would also greatly alleviate the pressure on medical resources.
Tang Qing was aware of ongoing developments, although he hadn’t seen it come to fruition or even small-scale application in his previous life.
In the future, Tang Qing would likely be involved in the pharmaceutical industry. Take the wealthy bankers for instance, how could they not be interested in selling medicine? They have more money than they can count, wouldn’t they desire a longer lifespan?
Obviously! The wealthier they are, the more they fear death. So, what would they do?
Naturally, they would establish their own pharmaceutical companies and laboratories, deploy massive funds to buy and sponsor numerous biological research institutes and universities, and strive to uncover the secrets of longevity and even immortality.
Even a fool could figure it out.
Given a conservative estimate, each banker would put no less than a billion US dollars into this every year. And if you let your imagination run wild, tens or even hundreds of billions per year wouldn’t be unusual.
Where do you presume the hefty ’donations’ to various biology and virus research centers and related biological experiment centers come from? It’s implausible that so many entrepreneurs would throw money for them to squander.
This displays the rich people’s determination to explore life.
It’s like every emperor desiring immortality.
The idea of immortality is deep-rooted in the human heart, never fading, just as seen in numerous TV shows and movies.
Even one with a system like Tang Qing couldn’t resist the temptation because it symbolizes not just one’s lifespan and their loved ones but also the future power and influence. Nobody in the world wants to be left behind. Tang Qing estimates that the global investment in this matter of ’life extension’ wouldn’t be less than 500 billion US dollars annually. Even doubling that amount is still a reasonable assumption.
Well, plans for investing in pharmaceutical companies and biological laboratories as well as various biological research institutes could wait. For now, he needed to address some immediate issues.
"Uncle Liu, I’d like to know if there’s someone who could provide a large sum in private loans," Tang Qing asked.
After cashing out the stock next month and deducting the 30 million he would invest in Sheng Tang Apparel, although he’d still have a few tens of millions, his obsessive-compulsive nature made him want to garner 10 million Euros for currency arbitrage transactions. That meant he needed to borrow nearly 70 to 80 million RMB. Even if the interest rate for such short term borrowing could be as high as 2 per cent per month, no interest expense could compare to how quickly he could make money. Given the current exchange rate of the three currencies, he could make more money per day than two months worth of interest. He didn’t care much about that few million in interest costs.
Now, the first thing to do was to inquire about financing channels and make contact in advance. When the money from the stock market was withdrawn, he would immediately get to work. Tang Qing felt a large sum of money was about to flood his way and he was certainly looking forward to experiencing what it would feel like to be buried in money. Just the thought of it got him all excited.
The procedures for bank loans are too troublesome, and following the banks’ way of doing things, even after an injection of thirty million into my company, it would be considered a blessing if I could get a loan of twenty million. It’s practically useless. As for relying on loan companies who advertise in small print, forget it. Firstly, they might not have that much money, and secondly, such a huge sum definitely requires collateral, but I don’t have that much collateral. Unless there is someone powerful who is willing to give me a guarantee. It’s not a bad idea to ask Liu Qian. Firstly, he knows a lot of people, I don’t have to go to these small companies myself. Secondly, I’ve also thought about asking Liu Qian to be his guarantor. Otherwise, there’s no way I could get all this money on my own.
"Little Tang, are you running short of money again? Has the previous investment had a problem, or...?" Liu Qian asked curiously.
He couldn’t help but be curious and even asked a stupid question. Even if Tang Qing had a loss on his previous investment, he wouldn’t tell Liu Qian. But in his anxiety, Tang Qing had just borrowed over 30 million from him, and now he wants to borrow again—Liu Qian needed to know what’s going on. Strictly speaking, this was still his money. Tang Qing had not returned his dollars yet.
"That’s not the case. Uncle, don’t worry. The previous investment has been fruitful and there have been no problems. It will be collected by the end of next month. This loan is for some investments to be made after the new year, it’s for quick money and will be used for two months. I plan to get it ready in advance to avoid a mess later." Tang Qing replied honestly.
He didn’t find Liu Qian’s question inappropriate. It’s human nature. I don’t have any collateral with Liu Qian, and there isn’t even a contract—it’s all based on verbal agreement and trust. Before paying Liu Qian cash back, that money strictly belongs to Liu Qian, so it’s perfectly normal to ask where it’s going.
"That’s good then, how much do you need this time, Uncle will lend it to you." Liu Qian replied with a sigh of relief.
As long as there wasn’t a problem with the previous investment, as to whether Tang Qing was telling the truth, Liu Qian believed him about 80 percent of the way. This was based on Tang Qing’s historical credit and background, as well as his logical judgment. For a businessman, 80 percent was already a very high conclusion.
If it were someone else or even a very familiar business partner, Liu Qian would not be so proactive in lending money. For a businessman, working capital is the lifeblood, why would it be easily lent to others? But Tang Qing is different. Although Tang Qing is very young, the strength behind him is not weak at all. People with that level of power wouldn’t care about this amount of money. Just look at the millions of dollars in cash in front of him—this is a solid display of strength. Adding to the kind of closeness that comes from co-planning bad things, although the previous 30 million hasn’t been paid back yet, borrowing another sum is not a big deal.
What’s more, the more you borrow, the stronger the relationship, and having a friend like Tang Qing who has a wild connection is a huge guarantee. Like this deal, that big shot will definitely take care of him in the future, and his status will be solidified. It will also guarantee a backup plan for survival. There used to be quite a few people in the province who could move him. In the future, as long as you have a good relationship with that big guy, there will be no more than five people in the province who can move him, and even if they could, they wouldn’t dare to mess with him.
"This time I need eighty million RMB, for a period of two months. I’m afraid of occupying Uncle’s development funds." Tang Qing said hesitantly. This was really what he thought. He originally wanted to ask Liu Qian to be his guarantor and borrowed from the professional lenders. But Liu Qian also has a large family to feed, and the places where the money is needed are numerous. This combined with the previous three hundred million, one billion and more fund in the year of ’05, is absolutely a huge sum.
"No problem, eighty million is a trifle. Don’t worry about your uncle being broke. To someone on your uncle’s level, seventy to eighty million can be shifted around at will." Liu Qian laughed when he heard it. It’s only eighty million, which is just a pile of dollars in front of him. For a gray merchant like him, it’s not a big amount. He’s not an ordinary businessman, he has many ways to carry out financing and interbank borrowing.
"Okay, for this money, do you want Uncle to repay you in RMB or dollars?" Tang Qing asked with no pretense.
"I’d rather have it in dollars." Liu Qian said without thinking twice. The RMB in the country is ’worthless’, so of course it’s better to have dollars, which is an absolute hard currency. But, as if he thought of something, Liu Qian asked, "Little Tang, is eighty million enough?"
Looking at Tang Qing’s tone, that pile of dollars was nothing to him, and Liu Qian came up with another idea, which is to lend a hand when Tang Qing’s in dire need. If Tang Qing borrows more, he’ll make more, and thus their relationship will certainly become deeper, because he suddenly remembered that if he climbs up that big shot, his status in the ’industry’ will absolutely be different in the future. That big shot alone can consume all of his dollars for the entire year.
Moreover, this ’bunch’ of people behind Tang Qing, who have the strength to ’dispatch’ dollars both domestically and internationally, are naturally the people he wants to get close to. If he could bring dollars into the country, it meant that he probably has more dollars abroad. Tang Qing mentioned before that the people behind him were actively preparing for the business of offshore dollar. In the future, his demand would be huge, and it would be nice to let Tang Qing and the people behind him owe him a favor.
"Uncle, could you lend more?" Tang Qing asked, a little overjoyed in his heart. The more money, the better. He felt that he could borrow eighty million at his best, but borrowing more would be a bit dubious. But Liu Qian was very supportive—he found his credit really worked here, and was greatly thankful at the same time. Liu Qian didn’t have to say these words. He knew he won’t have any collateral but he was still willing to lend it to him. His trust really touched her.
"Of course, don’t underestimate your uncle." Liu Qian laughed heartily. At the same time, from Tang Qing’s expression, he could see that he had made the right decision. The other party really needed a lot of money. As for what the other party is doing to make money, he had no interest in it. When he got to his level, what he needed was not just the money, but the influence. The more the other party earned, the greater his favor. Besides, this capital was guaranteed to be safe. People with this kind of background will definitely use the ’cheating’ method, which guarantees a win in doing anything.
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