Throughout the whole client lending process recomnded by the system, Dou Jiao remained silent. It was Tang Qing who did the talking. He conducted a complete demonstration for Dou Jiao. It was going to be the last ti, as it wasn’t difficult. There was no need for bargaining, and contracts were readily available. If it weren’t for the risk assessnt report that needed to be written, it could be finished in a matter of minutes.
From now on, he plans to hand over such tasks to Dou Jiao. Whether the clients co from system recomndations or from leftover loans, she or her team will discuss with them first at the office and conduct information investigations. All he will need to do is execute wire transfers remotely. Later, Dou Jiao could give him the contract and investigative report, and he would write the Risk Assessnt Report.
Unfortunately, the system stated that only the reports handwritten by Tang Qing were acceptable. Tang Qing had no objection to this. He wouldn’t allow himself to get so lazy. Besides, even if the system didn’t require this, he wouldn’t permit himself to beco that indolent. That was practically being useless.
The other party borrowed a round one million this ti, with a term of two months. This was a task requirent set by the system, and he couldn’t change it. If he signed a contract for a term of one month, the system wouldn’t give him the money.
After so thought, Tang Qing realized he had system recomndations, or residual loan clients, coming in every month to help level up. This was a banking system, after all. Loans at the national level typically last at least five to ten years, sotis even twenty to thirty years. Both corporate and individual loans generally last a year at the least. He deduced that the system probably implented this to accommodate his initial phase of developnt. Otherwise, if he had to loan for at least a year right from the start, he might have to wait forever.
Although he had already lent a million, he still had another million left in his monthly quota. That posed another big problem for him.
After giving it a lot of thought and still unable to co up with a solution, Tang Qing decided not to worry about it anymore and to see what happens. He wouldn’t face any penalty from the system if he didn’t loan out the remainder, and he certainly wouldn’t take the irresponsible route of lending rashly just to complete his tasks. He was no speculator willing to gamble on creditworthiness.
As soone preparing to beco a banker, the first thing he needed to learn was to ensure the security of funds. Banks generally can’t directly participate in company equity investnts and high-risk gambles in line with national regulations. Imagine if banks started dealing in stocks or investing in companies or speculating on foreign exchange futures. Who could compete with the wealth of a bank that could potentially use its wealth to shape market trends?
After dinner, the client settled the bill and departed hurriedly with his subordinates.
"Do you understand the process now? Rember to conduct a thorough investigation for every client, especially in terms of loan use and repaynt capability. We have to keep a close eye on these aspects. Our interest rates are already low. If we are not careful enough, we’ll end up penniless." Tang Qing advised. He was confident in Dou Jiao’s abilities to handle this with ease, but he felt it necessary to give reminders.
"You’ll be the one who will end up penniless, not us! Plus, I am a girl!" Dou Jiao replied, clearly annoyed. Having witnessed the entire loan process, she felt there was no significant difference between this and other types of loans, whether from banks or various financing and lending agencies. Given that she saw no challenge in this task and found it simple enough, she saw Tang Qing’s precautions as an affront to her intellect.
"Jiaojiao, maybe you’re focusing on the wrong thing. Anyway, the primary rule is to be cautious. In the future, all loan and repaynt venues will be at the office. You don’t have to worry about handling the money, and it won’t appear in the company’s accounts. This is an additional job. Understand?" Tang Qing explained with a bitter smile.
Tang Qing wasn’t a fool. If this money went through the company’s accounts, it would create a lot of trouble. The legality of the business activity would be a ticking ti bomb, and national regulations prohibit direct loans among companies. Such transactions must involve a third-party institution with a financial license as an interdiary.
This interdiary institution would charge variable service fees. He didn’t rember the exact numbers, but it seed to be a small fraction. Even though it didn’t seem like a lot, for a small team of three to five people, the annual profit could reach tens of millions. While the clients were individuals borrowing money for now, what if the company needed to loan to other companies in the future?
It was best not to leave any potential issues unresolved within his company.
"Okay, can you now tell what the company’s main business will be in the future?" asked Dou Jiao seriously. She looked at Tang Qing with anticipation. Though she was neither a genius nor a workaholic, she wasn’t careless once she started working.
This was why Tang Qing highly valued her. Lack of ability could gradually be cultivated, but having the right attitude and intelligence was important. Considering the special nature of this company’s operations, having a top student who only knew how to work obediently wasn’t the ideal choice. Especially in the company’s initial stages, Dou Jiao would definitely be able to handle things. Sotis, won were more reliable than n. After careful consideration, that’s why he chose Dou Jiao, who was a stranger to him.
Was it rash? Well, just do it. The ship wasn’t big. If it capsized, he could just build another one.
"Information Consulting," Tang Qing answered nonchalantly.
Dou Jiao, who was worldly-wise, imdiately understood the company’s real purpose. She asked doubtfully, "Are you planning to start a business investigation company? This license is quite difficult to obtain."
"Smart girl, that’s exactly what I an. But this company will only cater to , without any need for external business, so it’s much easier to handle. We can disguise our true intent under a different business na. Don’t worry about it," Tang Qing chuckled. It was always satisfying to converse with soone intelligent.
"If there’s no need for external transactions, then there wouldn’t be any issues. Fine, I’ll trust you this ti," Dou Jiao agreed, nodding.
Seeing Dou Jiao was not against the business nature, Tang Qing sighed in relief and said with a smile, "Great, you can handle the company’s registration process. Find an address and staff this week and prepare a company formation plan for . The initial budget is only half a million, so spend it wisely. If it’s not enough, let know. "
"Wow, that’s a lot of money." Dou Jiao’s eyes lit up at the ntion of the five hundred thousand dollar budget. She was already planning on how to spend it in her mind. This was her first ti having control over such a significant amount of funds. Yes, a grand office was a must...
Tang Qing couldn’t help but joke when seeing Dou Jiao’s excitent over the money, "Sister Jiaojiao, you’re not planning to embezzle company funds, are you?"
"As if, I’m not so money-grubber, it’s just a few hundred thousand. While I may not be able to co up with that amount personally, it certainly doesn’t impress . I’ll ensure every cent is put to good use." Dou Jiao responded indignantly to Tang Qing. Even though she may have extravagant plans for the money, her professional ethics would never allow her to act on such impulses.
"Of course, Sister Jiao would never be tempted by such a small amount. Here’s the phone number for a director at the Industrial and Comrcial Bureau. If you go there and ask for his help, things will progress faster. Just give him this information and ntion my na, he’ll know what to do. We will call our company Sky Eye Consulting. You’ll be the legal representative. If that na is already taken, let know." Tang Qing handed her a business card. Qi Yan had given it to him the last ti she went to get a license. It was coming in handy quicker than he had imagined.
Dou Jiao confidently pocketed the business card without even looking at it and said, "No problem, I’ll have everything sorted out by tomorrow."
"Well, it’s in your hands now. We’ll talk more about the initial tasks later. First, sort out the company and location. Call once it’s all done." Tang Qing nodded. He had no idea where Dou Jiao’s confidence ca from, but he didn’t bother asking. As long as the work got done, he didn’t care about the hows and whys.
"Understood, Boss Tang." Dou Jiao quickly got into character. She may not have ambitions to be wildly successful, but she was committed and determined to do any job well once she took it on. Being disorganized was okay, but she would never allow herself to fail due to incompetence or to be accused of getting paid for doing nothing.
"Right, I’m heading to class now. You should wrap up whatever is still pending at the car dealership." Tang Qing stood up. Even though Dou Jiao had submitted her resignation that morning, the process was not instantaneous.
"Okay."
...
After school in the afternoon
As always, Tang Qing humd a tune on his way back to his uncle’s house.
He was really humming a tune because, although he couldn’t rember the lyrics, the lody was crystal clear in his mind. If he were short on money, he even might have considered selling lodies.
In this life, without those regrets, and with so modest achievents, he matured a lot. However, his mindset was even more relaxed than in his previous life; every ti he thought of how wonderful everything still was, he wanted to hum a tune.
The mont Tang Qing stepped through the door, the sight inside stunned him.
At that mont, Liu Qian, Zhang Dongqing, and Zheng Xiu were all inside, sitting and chatting with his uncle. Tang Qing’s entrance drew everyone’s attention. Noticing that he did not smoke, no one bothered maintaining a smoky ambiance.
"Tangtang, why are you standing there? Co in. A few of your uncle’s friends are here, co say hi." Qin Yugang saw Tang Qing standing at the door and quickly invited him in. He was puzzled as to why Tang Qing seed shy, but didn’t think twice about it.
Feigning ignorance, Tang Qing greeted his uncle again with a pained expression. The others couldn’t help but laugh at his awkwardness; even Uncle Qin Yugang joined in the laughter.
"Tangtang, why don’t you go do your howork? I’ll chat with your uncles here." Qin Yugang suggested.
"Uh, uncle, I don’t have howork today. Why don’t I cook so dishes for the uncles?" Tang Qing suggested after dropping his backpack. He had promised to cook for them before, and even though they ca unannounced, he could not go back on his word.
As for howork? Of course, it never ended. But for a top student like him, the current howork was nothing more than simple multiplication. With his problem-solving speed, even copying off soone wouldn’t be much faster.
PS: The next Chapter might be late, after 10 pm. Thank you for understanding!
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