Chapter 20 : Registered Company
Fang Hong didn't waste any time and got straight to the point.
With all the preparations he had made earlier, he successfully earned millions in the A-share market, allowing him to experience the taste of real wealth.
This series of moves had deeply cemented his image in Cao Chenghui's mind as a financial genius who made money as easily as drinking water. With this foundation, Cao Chenghui had no reason to doubt anything Fang Hong said.
Fang Hong turned to look at Cao Chenghui and said calmly, "Not interested? Just pretend I never brought it up. Eat your food."
The dazed Cao Chenghui snapped back to reality. He hesitated for a brief second before nodding repeatedly. "Of course, I'm interested! How could I not be? Brother, I'd be honored to follow you!"
Regardless of whether the investment company would succeed, just by relying on Fang Hong's seemingly godlike skills in short-term stock trading, Cao Chenghui was confident that his future would be bright if he followed him.
There was no reason to hesitate over a clear win-win situation. Besides, he had already made millions with Fang Hong, and he firmly believed that this young man—ten years younger than himself—was his destined benefactor.
Cao Chenghui then teased, "Following you, Brother Fang, means upgrading to villas and luxury cars is inevitable. But changing a wife every year? That might be pushing it—though, honestly, not impossible! Hahaha."
Fang Hong, having received Cao Chenghui's agreement, wasted no time. He picked up a document folder from beside him, handed it over, and instructed, "All the details are in here. Follow the instructions carefully. You'll be heading south to Hong Kong next Friday. If you're unsure about setting up a trust fund, consult a professional. Make sure they follow the procedures outlined in the documents precisely. All travel expenses will be covered by the company."
After all, once the trust fund was established, Fang Hong would personally review everything. Others might be able to fool Cao Chenghui, but they wouldn't be able to deceive him.
Cao Chenghui took the folder and felt a sense of amazement. The fact that this was prepared in advance meant that Fang Hong had already anticipated his response. Everything was meticulously arranged.
It was almost unbelievable that this mastermind was just a twenty-year-old university student.
Cao Chenghui nodded. "Got it."
Fang Hong continued, "Prepare copies of your identification and other necessary documents by next Monday. We'll head to the Bureau of Industry and Commerce to register two new companies."
These companies were Zhenxing and Shenxing.
A week ago, Fang Hong had successfully registered Xingxing, a sole proprietorship limited liability company that he fully controlled.
The registered capital for Xingxing was 100,000 yuan, with an initial paid-in capital of 20,000 yuan.
Once Zhenxing and Shenxing were established, they would jointly form a venture under Qunxing Capital, Fang Hong's ultimate investment company.
Cao Chenghui was puzzled. "Why do we need to register three companies? Isn't that excessive?"
Fang Hong didn't bother explaining in detail. Instead, he simply said, "It would take too long to explain. Just know that I have my reasons. As my first employee and a veteran in the company, you'll eventually understand. Once the company is set up, you'll be its general manager, and I'll allocate some shares to you."
At this early stage, Fang Hong needed someone he could use and trust, but he didn't require too many people just yet. The company's chairman and CEO positions would eventually be filled by experienced professionals in the industry.
Fang Hong himself would not hold any official position in Qunxing Capital. His name would not appear in its board of directors, board of supervisors, shareholders' meetings, or management team.
Instead, he would operate entirely from behind the scenes. The world wouldn't recognize him as the owner, but he would have full control over everything.
Even though he wouldn't be listed on Qunxing Capital's board or management, the chairman and CEO would have no choice but to follow his orders. If they didn't, Fang Hong could call an extraordinary shareholders' meeting at any time to reorganize the board and remove them.
---
Monday, September 1st – Company Registration
On the morning of September 1st, Fang Hong and Cao Chenghui met at the Xincheng Bureau of Industry and Commerce.
Upon arrival, Fang Hong asked, "Did you bring all the documents?"
Cao Chenghui grinned. "Everything's here. I made sure to bring everything just in case."
"Let's go," Fang Hong said without hesitation as they entered the Bureau.
The two companies they were registering—Zhenxing and Shenxing—were both investment management consulting firms.
Each was structured as a limited partnership with an initial paid-in capital of 100,000 yuan.
For now, Fang Hong was working with the minimum registered capital. He knew that once the businesses started generating profits, he could increase capital and issue shares as needed. At this stage, it was more important to use the money to generate wealth, build up his capital base, and appreciate assets through the financial markets.
During the registration process, Cao Chenghui was listed as a Limited Partner (LP) under his own name, while Fang Hong, instead of using his personal name, controlled the company through Xingxing, his 100% owned firm, which acted as the General Partner (GP) for both Zhenxing and Shenxing.
The registration process was quick—company registration was fast, but dissolution was a tedious process. If everything went smoothly, approval would be granted within the week.
After leaving the Bureau, Cao Chenghui went south to Hong Kong to complete the trust fund setup, as per Fang Hong's instructions.
Meanwhile, Fang Hong only needed to wait for Zhenxing and Shenxing to be approved. Once they were, he could formally establish Qunxing Capital, his ultimate goal.
At this stage, Fang Hong had successfully laid out his entire corporate structure.
By fully controlling Xingxing, which in turn served as the GP for Zhenxing and Shenxing, he maintained absolute decision-making power over both companies. Once Qunxing Capital was formed, it would be a joint venture between these two firms.
Through this layered structure, Fang Hong ensured that his name would never appear in Qunxing Capital's board of directors, shareholders' meetings, board of supervisors, or executive management team. Yet, he would hold absolute control over the company.
With Qunxing Capital positioned as an investment firm, it would engage in a wide range of financial operations, whether in the primary market or the secondary market.
---
Time to Settle Old Debts
As Fang Hong left the Bureau, he thought to himself:
"It's time to deal with the debts left behind by the original owner."
Today was Monday, September 1st. In the coming days, students would begin returning to school, and Fang Hong's roommates, including Xu Jingren, would be back soon.
Xincheng University's classes were set to officially start on Friday, September 5th.
Just then, Fang Hong's phone rang.
"They're quick…" He glanced at the caller ID—it was the loan shark's contact.
When he answered, a rough voice came through. Fang Hong recognized it as the tattooed man from before.
"The deadline's up. What's the plan?" the man asked.
Fang Hong responded calmly, "The money is ready. Send someone with the loan agreement. We'll exchange the money for the contract—no funny business. I'll be waiting in my dorm at the university."
The other party already knew he lived in Dorm 303. Choosing to settle the matter on campus was a strategic move—after all, loan sharking is illegal, and they wouldn't dare cause trouble in a university.
After hanging up, Fang Hong hailed a taxi and headed back to school.