The idea of establishing a fund to promote the development of equipment research was formed after Feng Xiaochen returned from Japan to inspect large fertilizer equipment.According to the information he has learned, China has shortcomings in the theory and practice of large fertilizer equipment manufacturing.The shortcomings in practice can be gradually compensated by introducing technology and adding enough project support.In terms of theoretical research, it is necessary to have a large amount of research funding, attracting a large number of researchers from scientific research institutes and universities to conduct collective research in order to have a breakthrough.

In the early 1980s, China was ready to be held, all fields were working fast, and the country's strength was still very weak, and the financial funds were not enough to be stretched.There are many projects related to the national economy and people's livelihood need to invest, large fertilizer projects and other scientific research projects in the field of equipment although are also included in the scope of national key support, but the annual distribution of scientific research funds is very limited, with these people to pay the head of scientific researchers is not enough, where to carry out high-level scientific research activities.

In the face of this situation, Feng Xiaochen took the opportunity to propose the idea of issuing large fertilizer bonds, and was ready to use bond financing to raise tens of millions or even hundreds of millions of funds for the scientific research of large fertilizers.As for the repayment of these bonds, it depends on the return of the technology developed.Feng Xiaochen is fully confident that this money investment will have a good return, and then not only can repay all the bond principal and interest, but also have a large amount of savings for further research and development.

Considering that the domestic people have no money left in their hands, and it is even less likely to accept bonds that will take five years or even ten years to return, Feng Xiaochen proposed that the issuance of bonds can be transferred to foreign countries, and foreign idle funds can be used to serve China's modernization.

This idea has been recognized by Luo Xiangfei and the leadership of the Economic Commission, but no one has experience in the specific way that such bonds are issued.Feng Xiaochen himself is not very clear about this process, he wrote his own ideas into a report, mailed to the German harp, Feng Hua and Feng Shuyi, asked them to help argue.

Yan Leqin is the most positive thing about this matter, she was originally with the ideal of industrial return to the country to study abroad, these years far abroad, empty knowledge but can not serve the country, let her quite sad.After meeting Feng Xiaochen, she has been thinking about how she can do something for the country, especially in industrial research.Feng Xiaochen's proposal made her shine in front of her eyes, and felt that this was a good idea to help the development of domestic scientific research, and she could play some role in this matter.

Seeing that his mother attached great importance to this matter, Feng Hua and Feng Shuyi and his wife began to seriously analyze it.Feng Shuyi is doing patent affairs and has a deep understanding of the value of technology.She believes that China is a backward country with great room for technological improvement, and the investment of scientific research funds can produce greater returns than in the West.Feng Hua is from a banker's point of view to think about this matter, he not only saw the value of technology, but also saw the value of the Chinese market.He believes that taking a leading position in such a booming market will bring long-term gains to banks.

With this idea, Feng Hua submitted Feng Zhichen's plan to the board of directors of Mingbao Bank after the amendment, and made a long explanation of the bill.It is not known whether Feng Hua's speech impressed the directors, or whether the matter itself allows the bankers to sniff out business opportunities, the board of directors passed a resolution authorizing Feng Hua to negotiate with the Chinese government, set up an equipment research fund owned by the Mingbao Bank and the Chinese government, specially to absorb funds in the European market, to support China's equipment manufacturing industry research.

The content of this resolution far exceeds Feng Xiaochen's original vision.Feng Xiaochen originally only started from large fertilizers, hoping to raise some funds for scientific research on large fertilizers.The resolution of the Mingbao Bank extends the scope of funding to the entire field of major equipment manufacturing, or these areas under the current jurisdiction of Feng Xiaochen's reinstallation office.If this fund can be built, then not only the scientific research of large fertilizers can be fully funded, but also the equipment manufacturing of metallurgy, electricity, mining, transportation and other aspects can also benefit.

The establishment of such a fund is of sufficient benefit to the Bank of Mingbao.First of all, the board accepted Feng Xiaochen's view, but also Feng Hua, Feng Shuyi's view, that is, China as a backward country, the value of technology research and development can bring considerable increase.Second, the board also recognizes that this is an opportunity to establish a good relationship with China’s equipment manufacturing authorities, and that this connection itself has great value.It can be said that even if the fund's investment cannot be recovered, the Mingbao Bank is worth spending these financial and human resources only by forming a strong network.

Feng Hua returned home this time, an important mission is to negotiate with the Chinese government on behalf of the Mingbao Bank to determine the establishment of the fund.The money was so well-deserved that they said it would provide 50 million marks as an initial investment, accounting for only 20 percent of the fund, leaving the remaining 80 percent to the Chinese government.The Chinese government does not need to pay cash as an input in this fund, only needs to endorse the fund, and promises that all the funds raised through the fund will be used for equipment research and development, and in the future, whether it is used in China or other markets around the world, it will collect royalties in accordance with the rules of patent licensing to repay loans, and the excess part will be used as dividends of the fund.

Yan Leqin and Feng Hua worked so hard to promote this matter, in addition to the patriotic component, there is another point is Feng Shuyi said, hoping to provide some help to Feng Xiaochen.With Feng Xiaochen's age and seniority, it is certainly impossible to hold any important positions in this fund, but Yan Loqin wants the Chinese government to know that the fund was established, largely from the promotion of Feng Zhichen, and I hope that the higher authorities will not forget Feng Zhichen's contribution.

Feng Xiaochen is only 22 years old this year and has a broad future.Yan Leqin and Feng Hua felt that sending such a performance for Feng Xiaochen would help Feng Xiaochen to improve faster.Although they are not well aware of the level of Chinese officials, they are very happy to see their younger generation able to go to a higher position.

“Aunt, do you think this fund can absorb investment in Europe?”Feng Xiaochen asked curiously.Although this idea came out of him, but he did not know much about the situation abroad, for fear of his whimsical, and finally came up with a gray slippery end.

Feng Shuyi smiled: "Whether you can absorb the investment depends on the strength of the bond issuer and the publicity."Mingbao Bank is an influential bank in Germany, and the money raised by the Bank of Mingbao will be far better than the Chinese government's direct access to the European market.In addition, your grandmother also intends to use her influence to help promote, she is a famous metallurgical equipment expert, in the industry has a lot of fame, if she personally came to the publicity, will make more people believe.

"Thank you so much for your grandmother and uncle and aunt."Feng said sincerely.

Feng Shuyi put out a finger on Feng Xiaochen's brain door and said strangely: "It's all a family, we are your elders, isn't it appropriate to help you do something?"It is also our desire to help China develop and modernize.”

“What are you talking about with your aunt?”Feng Li noticed the conversation on this side and asked curiously across the table.

"They should be talking about the fund."The harp answered for the harp.

Feng Li was a little surprised: “What kind of fund thing?”

He smiled, “You’re a father, you’re not qualified.”You’ve done such a big thing, don’t you know?”

"Is it?"What is it?”Feng Li asked.

"Let Xiaohua tell you."He pointed to Feng Hua and said.

Feng Hua told Feng Li and Feng Fei the matter of the fund again, and the two of them listened, and they were somewhat stunned.In their minds, Feng Xiaochen is also some coincidence, in order to be able to work in the reinstallation office, but I do not know that Feng Xiaochen can actually put forward such an idea.They do not understand the concepts of financing, bonds and so on, but listening to Feng Hua's meaning, it seems that this is a very high thing.In particular, the scale of financing disclosed by Feng Hua was even more shocking to Feng Li and Feng Fei, and hundreds of millions of marks of funds were actually Feng Zhichen's intention to do.

“Little boy, isn’t this reliable?You can't joke with such a big sum of money in order to get used to it."Feng Li said incredulously.

Feng Hua smiled, “Brother, you are too small to see the whistle.”He submitted to our proposal, which is well-founded, and the idea of raising funds and using funds is very strict, which makes the old people in the financial circle in our board are amazed.Besides, this is a matter for both the Mingbao Bank and the Chinese government, and we will come this time to let the whistle introduce us to senior officials of the Chinese government, and these people will always come casually?"

“I’m afraid this kid’s heart is too big...” Feng Li said.

Feng Fei said, “I really can’t see it.The last time I came to Beijing and saw the other side, I felt that the howling had grown a lot, became mature, and the ability was strong.But I still did not think that he actually had such a great courage, dare to plan a fund of hundreds of millions of dollars, alas, in this regard, I think my family Lin Tao will never catch up with him."

Yan Leqin said, "Xi Fei, Lin Tao will go to me, I will teach him something, he will certainly have a great interest in the future."However, I think Xiao Chen is a child with ideas, people are very smart, very practical, I have told Xiaohua and Shu Yi, we will fully support his cause."

"Mom, I know what you mean."Feng Fei was not stupid on this issue, he immediately said: "Whising is my nephew, I will naturally fully support him."

"That's right.The three brothers have been separated for so long, and now they are finally connected.Your generation has been stereotyped, and there is no need to say more.The next generation of these four children, regardless of each other, no matter what child's business, uncle, uncle, do uncles, be wholehearted support, so that they can become talented."The harp said.