Chapter 21 Five Trillion

[Chaoqun Group] Other businesses are also exaggerated.

For example, the [Audition] project, which provides services for e-commerce and physical clothing stores, is currently developing into personal image and 3D structure construction, and it is developing very well.

Coupled with Baitou Piao's soft-spoken attitude, the [Audition] project was once again fully promoted overseas, resulting in an explosion of revenue.

Also experiencing explosive revenue growth are Chaoqun Group’s Internet services.

Including [Intelligent Butler], [AI Painting], etc.

Baitouqi can no longer stop or restrict [Chaoqun Group] from going out to sea to make money.

[Chaoqun Group] has internally estimated that this month’s related business, revenue and profit will be 2 to 3 times that of the same period, and there is still a lot of room for growth.

The last few months of 2022 will be the months when [Chaoqun Group]’s performance will explode.

Relevant international agencies have even raised their economic growth forecasts for rabbits.

They believe that the performance improvement of [Chaoqun Group] will bring an additional single-digit economic growth rate to Rabbit.

This judgment by relevant international institutions is completely justified.

Even Wu Siyuan was a little shocked after taking a look at the current wealth of [Chaoqun Group].

Currently, [Chaoqun Group]'s monthly operating cash flow exceeds 500 billion yuan, and it is predicted that this figure will be even more exaggerated in the future.

The operating cash flow for the entire year will be an astronomical figure.

In financial accounting, operating cash flow refers to the remaining cash flow after deducting the costs related to long-term investments and investments in securities from the profits obtained by the company from operating activities.

[Chaoqun Group]'s cash flow is too high. Whether it is operating cash flow or free cash flow, it is still growing as [Chaoqun Group]'s business develops.

Today, [Chaoqun Group] has nearly 5 trillion yuan in funds lying around in the accounts of major domestic banks.

The entire group is almost debt-free.

Five trillion yuan.

You know, with the power of Rabbit as a country, the foreign exchange reserves at this time are only 4 trillion US dollars.

(The actual situation is 3 trillion US dollars. Because of the existence of [Super Group], it has increased by 1 trillion US dollars.)

At the current exchange rate, converted into RMB, it is 256 trillion yuan.

(The exchange rate has also changed significantly due to the existence of [Super Group].)

([Chaoqun Group] A trust enterprise of this size has affected the entire country and even the world in all aspects.)

A large part of this is the profit Wu Siyuan made from using weather weapons to engage in baldness. At that time, it was 5 trillion yuan.

Later, some people from China came to ask for investment.

Wu Siyuan has not invested in Yangcheng’s [No Man’s City] project for the time being.

However, [Chaoqun Group] invested 530 billion yuan in the canal planning investment at the national strategic level.

At that time, there were still 3 trillion yuan left untouched.

Unexpectedly, not long after that, the bank account of [Chaoqun Group] rapidly increased to five trillion yuan.

This kind of money-making speed is so exaggerated that it makes people scared.

What is even more shocking is that this five trillion yuan is not the end, it is just a starting point.

"We can't let this money continue to sit in the account!" Wu Siyuan said in his heart.

The money is getting more and more, and the more you spend, the more you spend, just like Wang Duoyu’s one billion yuan.

However, no one is paying attention to Wang Duoyu’s one billion yuan.

As for the trillions of dollars [Chaoqun Group] has, it makes people jealous, but it also makes them murderous.

Just like Shen Wansan of the Ming Dynasty, holding the "Treasure Plate" in his hand, Zhu Yuanzhang's suspicion will always be indispensable.

With Wu Siyuan's current strength, he certainly doesn't care about these external threats.

However, he also has weaknesses.

For him, changing the world and gaining influence are his top priorities.

All other things can make way for this.

Money is just an external possession!

Not to mention money, Wu Siyuan now feels that he can even share the equity interests of [Chaoqun Group].

As long as he can continue to gain influence and energy, he doesn't care about anything else.

Although [Super Group] is very good, it is a real [Treasure Plate]!

But Wu Siyuan has already focused on making trouble on another road, so the importance of [Super Group] has been reduced a lot.

Wu Siyuan actually had already made a decision in his mind.

But before that, he still spent the money first.

In fact, there are still many places in the country that are short of money.

For example, your province’s debt is exaggerated, reaching trillions of yuan.

This money, given your ability, is no longer able to be repaid.

But for [Chaoqun Group], it is only one-fifth of the funds on the account. Even if it is all paid back to you, it is still a very easy thing.

But [Super Group] cannot do this.

Wu Siyuan would not do this either!

How did your province’s trillions in debt come from?

Infrastructure construction is a large part of the expenditure, and it is also a necessary expenditure.

But there are also a lot of expenses that are unnecessary and very wasteful.

For example, a poor county in your province spent 40 billion yuan to build the "No. 1 Water Department Building in the World", which is also a well-known unfinished building.

Not only did it fail to achieve the desired effect, it actually dragged the entire county into a deeper abyss.

You know, this poor county's annual fiscal revenue is only one billion yuan.

That's too far!

If you continue this, you will have to block another chapter.

Let’s get back to it.

[Chaoqun Group] How to use these five trillion yuan.

In fact, Wu Siyuan had already thought about it.

That is - buy land!

Massive!

A wide range of!

Buy land all over the country!

!

Buying land actually involves local land revenue issues.

"Land revenue" refers to local governments relying on the transfer of land use rights to maintain local expenditures. It is government fund revenue and accounts for about 90% of local government fund revenue. After the reform of the tax-sharing system in 1994, land transfer revenue became one of the important sources of local government revenue because there was no need to pay it to the government.

In 2000, the national land transfer fee was 59.5 billion yuan;

In 2005, this number increased to 588.4 billion;

In 2010, it increased to 75 trillion; in 2020, it increased to 4 trillion.

However, as we enter 2022, due to the combined effects of factors such as weakening expectations for rising housing prices and pessimistic expectations for residents' income, the enthusiasm of real estate companies to acquire land is at a low level, and the annual land transfer revenue has dropped significantly.

Among them, many are acquired by urban investment funds, in the sense you know.

Many urban investment projects take land, but they don't actually develop it. They just leave it there. They just help the local government get funds from banks.

These are all debts that need to be repaid.

But if [Chaoqun Group] buys land, it will be different.

This is [Chaoqun Group]'s own funds.

The income from the place is real money.