Chapter 95: Talk to Xiao Li in the room later

"Auntie, Pei Nanli won't eat! I'll eat, I'll eat!"

Wang Chuan picked up a piece of food and ate it in big mouthfuls with relish. "This dish is really delicious, Aunt Pei, your cooking is excellent!"

Ning Hui saw this and thought, what a good young man Wang Chuan is; besides Pei Nanli deceiving him, I am actually deceiving him too.

"Eat slowly, eat slowly. By the way, Lawyer Huang went to see Guo Yong today and got the power of attorney; work starts tomorrow."

"Auntie, you are so kind; I thank you on behalf of Guo Qiancheng."

Ning Hui smiled and said, "It's a small matter. As for that Longjing gift box, take it back and return it later. You haven't graduated yet and aren't officially drawing a salary. I know that gift box costs at least fifteen hundred; it's too much of a waste."

"Auntie, your kind heart is enough!" Read novels on Tiantian Kan Xiaoshuo, ttkk. tw, super awesome.

Wang Chuan seized the opportunity and said, "Auntie, I'm preparing to open a consulting company. You also know a limited company needs at least two shareholders; can Pei Nanli be the other shareholder?"

"A consulting company, the minimum registered capital is one hundred thousand. Wang Chuan, do you have that much money?" Ning Hui asked with a surprised expression.

Wang Chuan spoke the prepared lines.

During four years of part-time work in university, I met a boss and have been learning business from him.

Recently, there is a consulting project that can earn one hundred thousand; that boss asked me to set up a consulting company, and the registered capital can be borrowed first to take on this project.

"That one hundred thousand in registered capital has already been borrowed."

Wang Chuan deliberately didn't say who he borrowed it from, letting Ning Hui mistakenly think he borrowed it from the boss he mentioned meeting during his part-time work.

"Auntie, you know, my family background is average; tuition was earned through work-study. So besides medicine, I've been interested in finance, law, and accounting for quite some time, self-studying."

Ning Hui said with concern, "Wang Chuan, it's really unnecessary; after graduation, you'll marry Xiao Li. Auntie will arrange a good department for you; don't worry about the future path."

"Auntie, after graduation, whether I become a doctor or not, I haven't decided yet! I'm not afraid of the hardships of being a young doctor; working night shifts all year round, I can handle it."

"I'm still young now; I want to try more and see if there are other possibilities in my life's path."

Ning Hui looked puzzled. 'This young man's heart doesn't seem steady either! Studying medicine in Medical School, yet having thoughts of not becoming a doctor after graduation.'

"In that case, after you graduate, Auntie will arrange for you to work in the hospital's administrative department; no need for night shifts. In the future, you'll move up through administrative positions in the health system."

"Auntie, during my four years in university, I seem to have found my interests: law and accounting. Therefore, I want to work in finance!"

Ning Hui was very surprised: "Finance?! Wang Chuan, living a steady life is best; making a fortune overnight in stock trading also means the possibility of jumping off a building overnight."

She felt her judgment of the young man before her had been mistaken.

"It's not stock trading. In February this year, the 'Interim Measures for the Sponsorship System for Securities Issuance and Listing' began implementation; company listings and entering the capital market have undergone earth-shaking changes."

"Oh, supporting and sponsoring companies to list; I know that. So you were talking about that." Ning Hui understood.

Company listings: from 1993 to 1995, it was quota management, where securities regulatory departments set annual total financing quotas and allocated them by provincial administrative regions or industries. Local governments or industry competent authorities screened enterprises, mainly serving state-owned enterprises.

From 1996 to 2000, it was target management, implementing total quantity control and limiting the number of applications; securities regulatory departments determined the number of issuing enterprise targets, and provincial governments recommended pre-selected enterprises.

From 2001 to 2004, it was the channel system, where securities regulatory departments allocated the number of channels based on securities firms' strength; each channel could recommend one enterprise. Securities firms had to declare projects according to the number of channels, replacing administrative target allocation.

The 2005 revision of the Securities Law also wrote the sponsorship system into law.

Wang Chuan continued speaking: "Starting this February with the sponsorship system, securities companies with sponsorship licenses and two sponsor representatives are required. The domestic capital market will welcome huge development opportunities in the future."

In March 2004, the Securities Association organized the first Sponsor Representative examination, with 609 people registering as the first batch of Sponsor Representatives. Two Sponsor Representatives must sign to recommend an enterprise listing project.

That year, many securities firms offered annual incomes not less than 500,000, with some even offering annual salaries of 1 million.

The 1 million annual salary in 2004 made Sponsor Representatives leap to become representatives of the new gold-collar class in the country.

Sometimes, don't boast about how smart or powerful you are; it might just be that you encountered huge policy dividends.

In his previous life, Wang Chuan gave up his practicing physician qualification; among the many reasons was Pei Nanli marrying someone else, causing him to instantly lose his passion for medicine.

Facing numerous career-change paths, Wang Chuan initially chose to become a lawyer.

On the path of being a lawyer, he learned about securities firm investment banks and changed his path again, becoming one of them.

Seeing Ning Hui listening seriously to his explanation, Wang Chuan continued speaking:

"In the future, any enterprise with good performance, standardized finances, and legal compliance will be able to list. As long as our economy continues to develop, more and more enterprises will list."

"Opening a consulting company now is to train myself and improve my ability to make enterprises compliant and financially standardized. In the future, I might take the law graduate entrance exam or a finance and accounting graduate exam."

After listening to Wang Chuan's eloquent speech, Ning Hui realized this young man wasn't acting on a sudden impulse or making a sharp turn; he had made full preparations. Although she was a Law School professor, she wasn't an expert in capital market law.

Wang Chuan was far more familiar with the evolution of the capital market listing system than she was, yet he was a fifth-year clinical medical student.

"So, do you plan to go into investment banking in the future, or invest yourself and layout those promising companies in advance?"

Ning Hui stood up and paced in the Living Room; today she was surprised by a medical student.

"Auntie, I'm currently full of passion, just talking on paper. I want to get the consulting company running well first, then consider where to go."

Wang Chuan shifted his tone: "However, right now, besides missing one shareholder, I want to hire you as an external legal expert for the consulting company. If there are legal matters needing a lawyer, I will directly transfer the business to your law firm."

"If Auntie agrees, I also need Auntie to help find a partner from an accounting firm to serve as an external financial expert. If the consulting company can't solve it, I'll transfer the business to his accounting firm."

"As for the registration location, I've already rented one in the Mingzhou University Entrepreneurship Park. Today, once the shareholders are confirmed, I've arranged for someone to go tomorrow to handle the company registration."

Ning Hui was shocked again by Wang Chuan's execution; wasn't he just interning for less than half a month? How could his actions be so rapid?!

"I'll help you find an accounting firm partner. As for the shareholder matter, you go inside the room later and talk to Xiao Li yourself. If she doesn't want to, you have many friends and classmates; you'll definitely find someone else to be a shareholder."

"Auntie, I, I understand your meaning; first come find Xiao Li to be a shareholder. By the way, for your newly established company, have you found a cashier or accountant? Do you need my help?"

"Already found one," Wang Chuan replied.

"Alright, it seems you've prepared very thoroughly."