Rebirth: Super Banking System

Chapter 495: Chapter 405 Company Tide (2017! Thank you for your support!)_1

The next day.

A registration peak for companies occurred within the territory, with numerous private enterprises setting up and beginning operations one after another.

The Myanmar Bank had specially set up a dedicated counter at the ’Bureau of Industry and Commerce’ for equipment loan processing. This allowed them to already have the equipment stake divided at the time of company registration.

Due to the high cost of much of the equipment and the difficulty for business owners to divert equivalent funds, this led to the Myanmar Bank holding significant controlling stakes in numerous private enterprises. It was unimaginable for the average person. Would these business owners be willing?

Were they willing to borrow money at all costs to maintain control, rather than sell their belongings?

The answer was, of course, yes.

It’s simple.

It’s all because of the two words: risk.

If they were to invest all of their assets and lose, what would they do?

Moreover, in any place, naturally, one would only have a share of the pie if they followed the ruling class, as they are the policymakers and law-makers, the controllers and creators of money. Here, Ling made the rules. Naturally, once a connection is established with the ruling class, or rather, once common interests are established, the ruling class would definitely help protect their own interests.

Even though licenses had been issued within the territory, they couldn’t discern how their businesses would fare in the end. However, as long as the Myanmar Bank was involved, within this jurisdiction, they had support.

Risk-sharing.

Of course, they can’t possibly not put in any of their own money, otherwise they wouldn’t have any shares. The method of using gloves to act sly like a white wolf was absolutely unfeasible here, given the strict legal restrictions.

Company registration within the territory was different from elsewhere. The registered capital had to be deposited into an account under ’The Bureau of Industry and Commerce’ as a guarantee. Meanwhile, business owners could bring this proof to the Myanmar Bank and apply for a low-interest loan. The interest was calculated at commercial loan rates.

But as long as the money was invested into production and wasn’t misappropriated for other things, the interest on this part was automatically waived, and some taxes could even be deducted and refunded as rewards.

If the money invested in the production sector each year was less than 30% of the company’s registered capital, a penal interest would be levied.

The purpose of this was to encourage production.

To prevent companies within the territory from blindly pursuing registered capital. Because within the territory, a company’s registered capital could determine its business loan limit.

Why such peculiar and roundabout regulations?

Just to prevent registered capital from disappearing without a trace, and to accurately assess the corporate assets within the territory.

At the same time.

After registering a company, you certainly need to hire people. However, most of the remaining labor force within the territory had already been recruited by ’state-owned enterprises’. Therefore, they set their sights on the two newly acquired territories.

However, household registration and establishment of management had not been completed there, and population movement had not yet been opened. They were blocked areas with restricted access. Therefore, they could only look on eagerly.

Hoping the registration work completed soon.

To avoid delaying the construction period, planning and designing of the factories began the next day. Meanwhile, some young men in the two new territories who had completed their household registration and assessments began slowly being exported into the territory through a ’Labor Service Company’ affiliated with the Myanmar Bank.

This gradually alleviated the problem of labor shortage.

...

On the evening of the 6th of June.

The eve of the National College Entrance Examination.

Qin Yugang’s house.