SBDSI Chapter 45: Only Worthy of Ordinary Seats

 **Chapter 45: Only Worthy of Ordinary Seats** Qin Qi remained silent, casting a cold glance at the newcomer. “Fan Meili, you used to like opposing me back in school, and I’m not in the mood to deal with you today.” “I won't allow you to compare him with your boyfriend. Your boyfriend isn’t even fit to compare fingers with him.” Fan Meili burst out laughing, her expression radiating arrogance as she faced Qin Qi. “My boyfriend can't compare to him? That’s hilarious! Qin Qi, you really know how to embarrass yourself. This guy is dressed so plainly.” “He even brought you to sit in ordinary high-speed train seats; he clearly doesn't have money. How can he compare to my boyfriend?” Qin Qi gritted her teeth, visibly upset.  “My boyfriend can afford a Ferrari; he owns a Ferrari, which is much better than your boyfriend.” Her pretty face flushed crimson. Seeing Qin Qi's embarrassment, Fan Meili laughed even harder. “Just him? He can afford a Ferrari? That's too funny!” “A ...

IYCMCIO Chapter 20: Zeng Xi


One week later, Zhou Yuan, the VVVIP customer service specialist at China Bank Hong Kong, called. The recruitment assistant matter entrusted by Chang Le had yielded results. The corresponding list of recommendations and resumes had been sent to Chang Le's personal email for his review.


The list of recommendations included a total of 10 individuals, all of whom were recognized elites of the current era.


In terms of education, each of them started from prestigious universities, with most graduating from renowned universities like Tsinghua and Peking University.


Their master's and doctoral degrees were obtained from Ivy League universities in North America, majoring in finance, law, finance, and other related fields. They had work experience in financial institutions, far from being novices.


Chang Le spent a week meeting with each of these 10 individuals, eventually settling on Zeng Xi.


In other words, the other nine individuals were just accompanying runners in the process.


Zeng Xi, a native of Pengcheng, 31 years old, married with a daughter.


She graduated from Guanghua School of Management with a bachelor's degree and obtained her master's degree from the New York University Stern School of Business. After graduation, she joined the vampire giant - Goldman Sachs, working in investment analysis.


She resigned from Goldman Sachs half a year ago, at the end of 2006.


When Chang Le initially proposed to recruit an assistant to China Bank Hong Kong, he specifically mentioned Zeng Xi.


Unexpectedly, China Bank Hong Kong actually found her.


Objectively speaking, among these 10 individuals, Zeng Xi was definitely not the most outstanding.


Whether it was from the perspective of work experience, job performance, or personal image, at least more than half of them were more outstanding than her.


However, Zeng Xi was indeed the most suitable.


Why was she suitable? Because she was a familiar acquaintance of Chang Le, whom he knew, was familiar with, and understood in his past life.


In his past life, after graduating from university, Chang Le stumbled into a relatively large company with a good reputation in the industry and relatively generous salary and benefits, relying on his appearance conditions (there was no need to deny this).


At that time, Zeng Xi was the supervisor of the department where Chang Le worked.


After joining the company, due to nervousness and lack of experience, Chang Le, a rookie in the workplace, made repeated mistakes. He was supposed to be dismissed, but it was because of Zeng Xi's tolerance and defiance of public opinion that he was not kicked out.


Afterward, Zeng Xi also gave Chang Le enough room for error, allowing him to grow step by step, from establishing a foothold in the position to being competent in the position, and even becoming adept.


So, in his past life, Chang Le was very grateful to her, and the two had a very good relationship.


It was precisely because of his personal experience that Chang Le didn't excessively value a person's existing abilities.


He believed that as long as there was enough room for maneuver and tolerance for mistakes, anyone could grow and become sufficiently outstanding.


The problem was that, in real life, most people did not have such conditions.


A coffee shop in the financial district.


Zeng Xi wore a black professional suit, applied a little light makeup, and came here with a slightly nervous mood.


Objectively speaking, Zeng Xi was not beautiful, or in the traditional sense, Zeng Xi didn't fit the definition of beauty.


But with a scholarly demeanor, influenced and immersed in knowledge for many years, naturally, she appeared different in temperament from someone who was not academically inclined. She looked very comfortable and natural.


"Miss Zeng, thank you for coming all the way from Pengcheng," Chang Le said.


"Mr. Chang, you're too kind. I am very happy to gain your approval. This is what I should do," Zeng Xi said.


Zeng Xi had never expected that the wealthy person mentioned by China Bank Hong Kong would be so young. She thought it would be an old man, or at least a middle-aged man who knew his destiny.


"Has China Bank Hong Kong already discussed the details with you?"


"Yes, Mr. Chang. China Bank Hong Kong has already provided an overview, saying that you need a work assistant, but they didn't go into detail about the specifics. They mentioned that after arriving in Jiangzhou, you would personally introduce it."


"Well, let me explain it to you like this. As my assistant, the nature of the work isn't complicated. It's about setting up an investment company on my behalf and managing it well, engaging in related investment business and market trading activities... You can take a look at this contract for the specific details. If you have any objections, you can raise them, and if there are no objections, you can sign."


"...So direct?" Zeng Xi was surprised.


Chang Le handed her a standard contract.


Zeng Xi took the contract and, after reviewing the nature of the work and the content, focused on the responsibilities, obligations, and rights of both parties.


In terms of salary and benefits, based on Zeng Xi's salary at Goldman Sachs as a benchmark, it was increased by 20%. Additionally, bonuses, subsidies, allowances, insurance, and many other items were calculated separately, doubling the overall treatment compared to her time at Goldman Sachs.


Furthermore, it stipulated that with the increase in work experience, the treatment would increase annually, and the increase was not small.


It was a lucrative contract.


With such generous treatment, Zeng Xi had no reason not to sign.


She signed her name without hesitation.


After signing the contract, the employment relationship between the two parties was established.


"Well, Miss Zeng, from now on, we have a superior-subordinate relationship, and I have two things for you to do immediately," Chang Le said.


"Mr. Chang, please go ahead," Zeng Xi said with a serious expression.


"The first thing is about how we address each other. I don't like overly formal titles, so please drop the term 'you' as a form of respect and just use 'you' instead. In terms of specific names, you can call me by my name or call me boss, but don't call me Mr... After all, I'm only 18 years old and not used to such formal titles."


"...Alright, boss, I understand. Is this the first thing?" Zeng Xi asked.


"Yes, that's the first thing."


"The second thing is relatively complex. You need to quickly establish the company and recruit good employees. In terms of structure, I hope that domestically, others cannot see any relationship between me and this company, but I can still have real control over the company. If possible, you can discuss your thoughts with me now."


This question was very simple, and Zeng Xi thought for a moment before saying:


"Boss, achieving this goal isn't difficult. We can adopt or borrow the commonly used red-chip model by domestic companies to build the company framework."


"Simply put, it's about establishing overseas rights entities or non-entities by the company's founders or actual controllers..."


"The form of the entity can be a company, a partnership enterprise, a fund, or it can be in the form of a trust..."


"Then, the overseas rights subject establishes a wholly foreign-owned enterprise in the mainland, and the sole proprietorship enterprise signs a series of agreements with the mainland operating entity to achieve complete control over rights such as operational management and profit sharing."


"This model is usually called the red-chip model or the VIE structure."


"Such a framework setup has many advantages. Firstly, it can compensate for the differences in laws and policies between different countries, facilitating the operation of equity and capital, as well as tax exemptions..."


"Secondly, information security can be ensured."


"Thirdly, if there is a need for future listing, it can lower the threshold for listing, including financial costs and time costs."


"Of course, such a framework setup also has its drawbacks. Firstly, it's in a legally unstable state, as there are no documents and policies recognized by the domestic side for this model, and it could be invalidated at any time. However, because many companies use this model, it's unlikely to be invalidated..."


"Secondly, there's the risk of management default. The actual controller and the company are bound by a series of agreements, and when faced with greater temptations, the management may choose to default. The cost is only to pay the default penalty, which is a moral risk and may not receive protection from the judiciary in the absence of legal recognition of 'agreement control'..."


"How can this moral risk be avoided?" Chang Le asked.


"Boss, does the company have plans to go public in the future?" Zeng Xi asked in return.


"Let me be direct, this company won't go public. It's just an institution for me to invest in, equivalent to an office." Chang Le said.


"Then this problem doesn't exist. If it doesn't go public, we can change the agreement constraint into equity control, which will strengthen the control." Zeng Xi said.


"Very good, then do as you said. Regarding the internal framework of the company, since it's defined as an office, I don't want too many departments. Just set up a few regular departments, such as administration, human resources, finance, investment, and trading. Regarding recruiting employees, I hope you can proceed simultaneously. I don't expect everything to be perfect from the start, just build the backbone first..."


"As for the capital needed to establish the company, I've already talked to Zhou Yuan from China Bank Hong Kong, and she will fully support and cooperate with you. Here's her business card, keep it." Chang Le handed Zeng Xi the business card.


"Alright, thank you for your trust, boss. I'll complete the work as soon as possible." Zeng Xi took the business card and said.



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