My Age of Investment - Chapter 1343

Chapter 1343 Sale of ancestral property

Gu Binglin’s face instantly turned ugly, in his opinion, Xia Jingxing was completely in trouble!

If Aoki University has the financial resources, we don’t have to create an integrated circuit college by ourselves, and we need to bend down to cooperate with outside companies?

“Mr. Xia, Aoki University seems to have no shortage of development funds, but in fact the annual financial allocations are used for the construction of the following departments and the research and development of scientific research projects!

Many old professors often come to block my door and ask me for research and development funds.

I look at them, I hide away! ”

Xia Jingxing sneered in his heart, wasn’t it rare to reduce tuition fees just now?

Oh, yes, if the tuition fee is reduced or exempted, it means that it will not be in the pocket of the school, so it does not matter whether the reduction is reduced or not.

The reason why he asked Aoki University to provide financial appropriation no less than the donation to the Institute of Integrated Circuits every year is very simple, no one will care about free things!

If the school doesn’t pay, and the company is just taking advantage of it, it’s hard to say what the IC College will be like.

Therefore, his request for school funding is not a purpose, but a means to make Aoki University attach importance to the School of Integrated Circuits.

“In addition to the financial appropriation from the superior, can Aoki receive large donations from all walks of life every year?”

Fu Binglin shook his head and said, “Mr. Xia, you misunderstood! Most of these donations are earmarked for the construction of various scholarships or to fund a certain scientific research project.

We can’t, and can’t, use those donations. ”

Xia Jingxing looked at Fu Binglin with a half-smile, and said, “Isn’t there still school property? The big deal is to sell the school property, no matter how poor you are, you can’t be poor in education!”

Fu Binglin was dumbfounded and slandered in his heart.

Does this speak human language? Selling school property is equivalent to selling assets.

If he dared to do this, a lot of seniors would jump out and point at his spine.

Fu Binglin looked at Deng Feng, Chen Datong, and Wu Ping who were sitting beside him. This is what you call President Xia with “big eyebrows, big eyes, unparalleled benevolence and righteousness”!

has forced your alma mater to sell your ancestral property, you students don’t say a word.

Chen Datong coughed and said, “Mr. Xia, Aoki’s school property is accumulated by generations of Aoki people, and it is the lifeblood of Aoki University.

This is the same reason that farmers like to store grain in good years and have surplus grain to eat in famine years.

With the rapid development of society, the funding required for scientific research projects has become more and more. Aoki University can not only rely on higher-level funding, but also learn to be self-reliant.

The existence of    school property is actually to ensure that the school can carry out scientific research work in a long-term and orderly manner.

Don’t foreign universities also have school properties? The rationale is the same. ”

Xia Jingxing shook his head lightly, “The truth is different! Although Stanford University has school assets, it is not the end of running a business, but to preserve and increase the value of school assets in the form of financial investment.

In foreign countries, it is very common for famous schools to donate funds to VC and PE funds as LPs.

Including the wealth inheritance of the rich is also carried out through a similar form of investment.

The way to run a business is actually a bit outdated. Schools should focus their energy on teaching.

The management of school property should not involve too much energy in the school, and investment work should be handed over to more professional people. ”

Chen Datong was not good at words and was defeated in one round.

Wu Ping then added: “Mr. Xia, I also know that the management method of school property in foreign famous schools is more scientific, but the domestic ideology can’t be reversed all of a sudden, and there is no precedent in China for the LP of famous schools to subscribe for fund shares.

It is hard to say that there will be no problems if we directly copy the foreign model. ”

Xia Jingxing kept a faint smile on his face. Facts have proved that when a famous school engages in school property, it is basically a mess and a lot of debt.

This set is actually learned from abroad. It turns laboratory products into market-oriented products, converts them into profits by selling technology, and then uses them to feed back scientific research.

From the 1980s and 1990s to today, this model seems to be feasible.

But now, famous schools are no longer synonymous with the strongest scientific research institutions. The era of relying on computer laser phototypesetting of Chinese characters, assembling computers and other technologies in China is gone forever.

At this time, famous schools should make changes in accordance with the changes of the times.

is still clinging to the old ways and will suffer a big loss sooner or later.

In his previous life, Xia Jingxing once read an article in which he compared in detail the technological gap between universities and top domestic technology companies.

Can Aoki University do cloud computing and 5G? It is impossible to do it at all, and the institutions that master the strongest civilian technology have become various technology giants.

When    technology is not dominant, what kind of school property is there?

Famous foreign schools usually maintain their leading position by cooperating with technology giants to develop technology projects and subscribing to funds of financial giants.

Xia Jingxing intends to persuade the president to pay the principal and hand over the property of Aoki University to Vision Capital for management, which is definitely a good deal.

After the establishment of the cooperation, Aoki University can make money lying down, and Envision Capital and Fuxing Industry can also exert a stronger influence on this top domestic university.

After listening to Xia Jingxing’s cooperation plan, Fu Binglin couldn’t sit still, and exclaimed, “Subscribe to Envision Capital’s fund? USD fund or RMB fund?”

Xia Jingxing showed a smile on the corner of his mouth. Principal Fu, a physicist, knew a lot about finance.

“Of course the RMB fund is the main one! If Aoki University has USD, it can also open the USD fund for you to subscribe.”

Fu Binglin is still very interested in the cooperation plan proposed by Xia Jingxing. He heard that China Investment Corporation bought the fund of Vision Capital, and it has already made a lot of money! He also wanted Aoki University to follow him.

But when it comes to the reform of school property, the problems inside are very complicated, and the relationship is also deeply rooted.

Even if he is the principal and wants to promote reform internally, there are many obstacles.

He looked at Qiu Yong, who was sitting beside him and kept silent, and wanted to hear the opinion of this rising star.

“Xiaoqiu, you are a young man who digests and absorbs these new things quickly. What do you think of the issue of using school assets to subscribe for funds?”

Xia Jingxing also looked at Qiu Yong with great interest, the future president of Aoki University was still a fellow from his hometown, and when he took over Aoki, it was already a mess.

The negative public opinion of the preparatory school in the United States, the debt of Aoki Holdings is more than 300 billion…

Although the situation was a little annoyed, Qiu Yong still promoted some reforms, such as letting the Aoki Education Foundation directly invest in Gao Ling Capital and CDH Investments, and indirectly investing in first-tier venture capitals such as IDG, Dachen and Jiyuan through the investment in Qingke FOF. In addition, the Institute of Integrated Circuits was launched, which really began to sink the problem of stuck necks from the national and enterprise level to the level of college education.

This dude is still very politically correct!

Qiu Yong answered in a straight-forward manner: “Actually, Aoki started doing venture capital many years ago.

In 1999, the Qingmu Science and Technology Park was incorporated into the overall planning of Zhongguancun to set up the Qingmu Pioneer Park. When it still needed to be incubated, it began to invest and incubate start-ups.

In 2007, we established Tus Ventures on the basis of Qingmu Science and Technology Park, and invested in outstanding enterprises such as Spreadtrum Communications and Digital Video.

Aoki University Education Foundation, in addition to its own early-stage venture capital, also invested in Keqiao Investment, a government-funded PE fund led by the Beijing Government-owned Assets Supervision and Administration Commission last year.

But we haven’t tried investing in market-oriented (private and foreign) funds.

However, Hony Capital has been in contact with us recently. They said that they are contacting the social security fund and intend to initiate the establishment of a PE fund with a scale of more than 10 billion yuan. They hope that the Aoki Education Foundation will also participate. ”

Xia Jingxing listened with a smile, he was already concerned about this news in his heart.

Mu Zhixin is quite capable. He didn’t win the big moneymaker of China Investment Corporation, and he started thinking about the social security fund again.

Cooperating with such a well-established fund raises not only money, but also relationships.

Qiu Yong continued: “My opinion is that we can try to subscribe to market-oriented funds on a small scale, so as to avoid betting all our treasures on school enterprises and walking on multiple legs.”

Fu Binglin is not a person who does not eat ancient times, but he still listens to his opinions.

Four years ago, at a meeting with Chu Songyu of Wanwan, he had mispronounced the word “辉” in “An inch of river and mountain is an inch of gold, who is responsible for the splitting force?”, and he accidentally got it once. Hot search on the Internet, and then he stood up and sincerely apologized to netizens across the country.

“Then we will draw up a plan and discuss how many shares of the funds under Vision Capital are appropriate to subscribe.”

After finishing speaking, Fu Binglin looked at Xia Jingxing again and said, “Mr. Xia, you have seen the reality, it is very difficult to get Aoki University to invest 5 billion in the School of Integrated Circuits in nine years.

The issue of school property cannot be clearly explained in a sentence or two, and we can only slowly transform and adjust.

You can see if this works. Our Aoki University invested 2.5 billion, which is equal to half of the donation amount of Fuxing Industry.

With an investment of 7.5 billion, the IC College can definitely be established, and it is still a semiconductor professional college that is catching up with the international super-class level. ”

At this time, Chen Datong, Wu Ping, and Deng Feng also stood up and said good things, persuading Xia Jingxing not to force Aoki University to sell off the school property. That would be too much resistance, and maybe the plan to set up an integrated circuit college would be aborted.

Xia Jingxing reluctantly took a step back, “Well, it’s 2.5 billion, it can’t be any less.

With this money invested, countless chip technologists and entrepreneurs will surely emerge in the future, and they will give back to Aoki University. ”

“It doesn’t matter if you feed back or not! As you said, President Xia, the country and students come first. It doesn’t matter if the school pays more, not to mention President Xia, you pay more as an enterprise.”

Fu Binglin said such a remark with a smile on his face, but he had already made up his mind to go down and cry for his superiors and try to get more funds.

In fact, Aoki University’s main school-running funds still come from career income, alumni donations, social donations, and basically 28% of the higher-level funding.

Fu Binglin couldn’t get too much money even if he sat in the education yamen and cried, and the school had to figure out how to do it on its own.

(end of this chapter)