Li Yao operated on the platform quickly and understood everything. "The stronger a Cultivator is, the higher his stock price will be, right?"
"Theoretically, yes," Zhao Hongguang said. "But in reality, it is much more complicated. It has to do with the Cultivator's age, background, social relationships, and the distribution of the Cultivation Bonds.
"For example, if a Core Formation Stage Cultivator is more than two hundred years old, his' stock price 'won't soar too high no matter how strong he is, unless he has a high chance of becoming a Yuanying Cultivator. That's easy to understand. Time waits for no man, and he has no more potential.
"Another example is that if a Cultivator makes a breakthrough, and his direct competitor makes an even bigger breakthrough, the 'stock price' of the Cultivator will be suppressed, too. After all, two tigers cannot live on the same mountain.
"Another example is that a Cultivator who is not very strong but is in dire need of money recently. He grits his teeth and issues a batch of Cultivation Bonds at a price of 100 bucks, but he promises that he will get a bonus of 20 bucks every year. Naturally, he will be very popular, and his stock price will soar. As for whether or not he can fulfill his promise at the end of the year, that is a whole other story.
"More often than not, a Cultivator's capability does not change much, but he claims that he has discovered a new world fragment or a new space remnant. Naturally, his stock price will increase by more than ten times.
"All in all, the Cultivation Bonds market is the same as the stock market. The better the performance of a sect, the higher its stock price will be. There are a lot of variables in the market. It is also a boundless world. The water is very deep.
"However, rest assured, Chairman Sand. The Cultivation Bonds market is managed by the 'Regulatory Commission'. Right, the 'Association for the Supervision of Cultivation Bonds'. Those who release false information or engage in insider trading will definitely be punished severely. Once they do, they will be severely punished! "
Li Yao nodded. He had heard of Cultivation Bonds before and knew that they were a mature, open, and legal financial product. However, he had never studied them because of his limited time.
It seemed that … Going public was indeed a good way to attract funds for his training quickly.
Pondering for a moment, Li Yao raised another important question. "When a sect goes public, it will be strictly audited and monitored. Is it the same for a Cultivator going public?
"If there is an organization that monitors every sum of money that I spend and knows the progress of my training in every field, how can that work?"
Zhao Hongguang seemed to have considered Li Yao's concerns. He smiled faintly and said, "The situation of cultivators is rather special. Most of them have a secret that they can't easily reveal to others. Our predecessors have long thought of this."
"It's like this. Cultivation Voucher is just a general term. There are many different classifications."
"Some of the cultivation bonds must be disclosed to the public in every detail. After all, they are just ordinary investors. Those commoners gave us the money that they worked so hard to save for their entire lives. We have to give them an explanation, don't we? "
"We raised funds from ordinary investors. What kind of heavenly materials and earthly treasures have been purchased, what kind of cultivation has been carried out, and what level of cultivation has been achieved must be announced regularly. Monthly reports, quarterly reports, semi-annual reports, and annual reports, not a single one can be omitted. "
"However. There was also a type of Cultivation Voucher that didn't require anything. As long as you could redeem it freely, you would receive dividends on time. You could use the money to cultivate freely. Just don't let the CSRC find out that you have done anything illegal with the money. "
Li Yao was dazed for a moment. "The second type is very risky. Who would buy it?"
Zhao Hongguang smiled. "The higher the risk, the higher the return. The first type of Cultivation Voucher is a stable investment. The annual dividend is very low, and it is not very popular. The return rate of investment is slightly higher than the interest rate of the bank.
"The second type is known as' free bond 'in our trade. It is risky but has a higher return. If you want to issue free bonds, Chairman Sand, you must be prepared to receive a hundred dollars now and return two hundred dollars or more three years later."
Li Yao thought for a moment. With the development of the Glorious Sunlight Group and his own training speed, it was not a big deal for him to double the loan every three years.
Zhao Hongguang continued. "There's no need to hesitate, Chairman Sand. Most of the Cultivators issue 'Combination Vouchers'. Some of them are transparent, and some are secret, but some are for their own use.
"It's impossible that all the techniques that a Cultivator practices are clandestine, right? If that's the case, wouldn't they be evil?
"Take Chairman Sand for example. Of course, you don't want to disclose some of your core techniques to the public, but you must have some fundamental techniques that are not scared of being exposed.
"The money you raise through the Transparency Voucher can be used to practice the Cultivation arts that are not scared of being exposed. As for the core techniques, you can practice them with the money you raise through the Freedom Voucher.
"Other than that, you can also issue 'Directional Vouchers'.
"For example, if you want to practice 'King Kong Palm' today, which will cost you fifty million, you can issue 'Directional Vouchers of King Kong Palm' with the budget proposal.
"You made an agreement with the investors that I will borrow 50 million yuan today, and it will be used specifically to practice the Vajra Palm. I will not use it anywhere else. Look, what kind of materials do I need to buy? What kind of training room do I need to rent? How many training partners do I need to hire? The total cost is like this, this, and this."
"If you can master the King Kong Palm in five months, you will return the principal and interest. If you can't, you will return the principal as much as you need.
"The Directional Vouchers that are issued in such a way have low interest and low risk because of their single purpose and transparency. They are very popular among the ordinary investors, too.
"Look. Raising funds through the Combination Vouchers and the Directional Vouchers is both flexible and convenient, isn't it? You don't need to worry that other people will discover your secret, do you?"
Li Yao nodded quickly.
With such a mature financing channel, a lot of funds could be obtained legally, efficiently, and harmoniously. No wonder robberies were rare in the modern world of Cultivators.
Studying the issuance of the Cultivation Vouchers carefully, Li Yao slightly frowned again. He asked, "Director Zhao, the issuance of the Cultivation Vouchers cannot be done overnight. They have to be examined by the CSRC for a long time, which will take at least a year and a half.
"Also, the issuance of the Cultivation Vouchers is not something that can be approved by the CSRC. You don't seem to have the final say, do you?
"But I'm hoping to raise a lot of funds in half a month.
"Now that you've proposed today's meeting, you must've found a way to satisfy both parties, right?"
"Yes."
Zhao Hongguang did not beat around the bush. He proposed a deal directly. "Issuing the Cultivation Vouchers. Of course, it is not the business of the Cross Wind Union Bank. Even if you submit your proposal right now, it will take at least a year and a half before it is approved.
"However, the Cross Wind Union Bank, as well as the major sects in the Cross Wind Space Zone and the nearby space zones, all have high hopes for your training potential, Chairman Sand. We believe that your Cultivation Vouchers will be successfully issued. Once they are issued, the price will soar quickly.
"Therefore, we would like to make a deal with you, Chairman Sand. We will purchase a lot of your unissued Cultivation Vouchers in advance. Or rather, we will lend you a large sum of funds with the Cultivation Vouchers as collateral!"
Zhao Hongguang pushed a jade chip over solemnly. "This is our proposal. Please take a look, Chairman Sand."
Li Yao inserted the jade chip into his crystal processor and browsed through it quickly. He looked at Zhao Hongguang thoughtfully and said, "The amount is indeed high, but the interest is even higher!"
"President Zhao. The Glorious Sunlight Group is in the golden period of development. In a few years, it will expand more than ten times!
"As for myself, I have a lot of connections on Iron Plateau, too.
"In the meantime, I own all the patents of the Combat Ability Detector. Part of the patents of the Aurora Chain Gun. You should know the value of the two kinds of magical equipment.
"As for my capability, it is needless to say.
"The risk of investing in me is minimal. The profits are extremely high. Such a high interest rate has exceeded my expectations. "
Zhao Hongguang smiled but did not say anything. He looked at Master Heavenly Eye next to him.
Master Heavenly Eye seemed to be made of iron. He had been silent for a long time. Now that he spoke for the first time, his voice was like the turning of gears. There was not the slightest emotion in it.
"Chairman Sand, in the circle of 'evaluators', the credit rating and risk rating of a Cultivator or a sect are divided into eight levels.
"Heaven, earth, earth, and the universe.
"The Heaven-level is the highest level. It means a bright future with infinite potentials. Also, it is very safe without any risk. It is worth investing in.
"The Cultivators or sects that are rated as' Heaven-level 'can raise a lot of money at the lowest cost. The interest rate of their loans is certainly not high.
"As for you, the Heavenly Eye Sect has evaluated you as a 'Yu' level. We believe that, although the returns are high, the risks are high, too. We suggest that the major organizations be prudent in their investment. Private investors are not advised to get involved.
"Oh?"
Li Yao leaned back in his chair. His interest was piqued. "What are the risks?"
Master Heavenly Eye said, "I've summarized your advantages very well just now. There's no need to explain them.
"But in the evaluation of the Heavenly Eye Sect, you have two greatest risks.
"Firstly, we've learned that your combat style is different from that of common qi-trainers. In the competitions in Flying Star University, you performed techniques similar to liquefying spiritual energy many times. Your Cultivation is far beyond the peak of the Building Foundation Stage in the general sense.
Li Yao sniffed but did not deny it.
Master Heavenly Eye continued emotionlessly. "Now that your Cultivation has surpassed the peak of the Building Foundation Stage, your next step will be the Core Formation Stage. Of course, there are risks in the Core Formation Stage. One moment of carelessness, and your Cultivation will plummet.
"Your training arts are different from that of common Cultivators. By our estimation, the risks of the Core Formation Stage will be much higher than those of common Cultivators at the peak of the Building Foundation Stage.
"This is the first risk that we have to remind the investors of.
"The second is the assassination of the Temple of Immortals.
"According to our sources, you are currently ranked 14th on the must-kill list of the Temple of Immortals. Your ranking is far higher than that of most Core Formation Stage Cultivators.
"If you are really assassinated, although the insurance company will compensate you, it will still be a great loss for the investors.
"Considering the above two risks, although your potential is indeed huge, we can only rate your credit rating as' Yu 'level."
A book friend asked, "Is there a problem?
Isn't there no central government in the Flying Star Sector? How can an organization such as the CSRC, which includes auditing, supervision, and punishment be carried out?
Let me explain. The Flying Star Sector does not have a 'central' government. Every space zone and even every space town can be regarded as a small government.
As for the CSRC, including the auditing department, they are managed by the 'trade association'.
The Exos have their own association, the refiners have their own association, the banking industry has its own association, and naturally, the securities industry has its own association, too.
There is a popular setting in many fantasy novels called 'trade unions'. This is exactly how it works.
Historically, in the Middle Ages of Europe, many places did not have a central government, either. But after the rapid development of commerce, the trade unions, associations, and trade associations were responsible for the coordination and management of everything.
By the way, today is the real 666 chapters. Such an auspicious number. Dear customer, do you want two monthly tickets? (To be continued.)
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
