"What is Changqing Group's investment project?" Shen Hua knew he was a bit embarrassed, but wanting to get involved in this matter, he had to ask the whole story.
"Yeshin Bank plans to open a branch in Donghua, and Ms. Sun is actually the representative sent by Yeshin Bank to inspect Donghua. However, Chongqing Group is an external investor of Yeshin Bank, and Ms. Sun also comes from Chongqing Group, so it's not wrong to say she's a representative of Chongqing Group,"
Xiong Wenbin said:
"It's not a big deal just because Yeshin Bank is opening a branch. But you also know, your great-grandfather founded the Evergreen Group, which has a deep connection with Donghua. Secretary Tan hopes that through this, we can deepen our ties and promote the Evergreen Group to make even bigger investments in Donghua..."
Shen Huai's heart wailed in sorrow:
That previous moron, is truly ignorant. At least before his inheritance rights were stripped away, the Longqing Group's involvement was in his fundamental interests. Not to mention how well he understood the business of the Longqing Group, but even something as important as the fact that the Longqing Group is a foreign shareholder of Industry and Commerce Bank, he didn't even know this, truly "not concerned" enough.
The $30,000 living expenses he received after returning home were all transferred and exchanged at the Industrial Bank of Korea.
Shen Hua has some understanding of Yexin Bank, and it should be said that Yexin Bank wanted to expand its business to Donghua as early as last year. Mei Xi Steel Factory had a production revolving fund of 160 million yuan, which was a loan from Yexin Bank.
As Industrial Bank does not have a branch in Donghua City yet, this loan was transferred through Agricultural Bank.
The source of this loan is somewhat suspicious, it was brought together by Wu Haifeng, the former municipal party secretary, and Gao Tianhe, the mayor, when they attended a meeting in the provincial capital, under the name of the municipal government.
On the surface, it appears to be a model case of the municipal party committee and government supporting the development of township enterprises in Donghua, but stripping away the flashy exterior, they are merely hoping that Meixi Steel Factory can last a bit longer, so that their affiliated companies can suck its blood for a while longer.
Yeshin Bank was also unfamiliar with Donghua region, but with the help of Donghua Municipal Government's matchmaking, this loan was easily approved.
Shen Hua also said that his "sister" Sun Ya Lin knew about his deeds in Donghua, and it was still from the line of "loans" - Shen Hua served as the director of Mei Xi Steel Factory, and the legal representative was changed to him. The filing materials submitted by the steel factory to Ye Xin Bank would also have corresponding changes.
Sun Yalin, as the business representative sent by Industrial Bank to Donghua for investigation and construction of sub-branches, has no reason not to care about what is likely to be the only loan business currently released by Industrial Bank in Donghua.
Shen Hua's understanding of Industrial and Commercial Bank of China is superficial.
Shen Hua had never been interested in the family business before, but after taking over Mei Xi Steel Factory this time, although he knew that a loan from Ye Xin Bank was overdue, and the finance department still transferred the interest every month on schedule, he didn't think of going to understand the equity structure of Ye Xin Bank.
Shen Hua roughly knew that Industrial Bank was the first joint-stock bank established in China, mainly with state-owned shares holding a controlling position. However, in order to learn from advanced foreign financial management experience, it introduced foreign capital for the first time and the bank's management team basically accepted the recommendation of foreign shareholders.
As for the detailed equity structure of Industrial Bank and the list of foreign shareholders, it is obviously not information that ordinary people or township officials can access.
Yicheng Bank is the first crack in the domestic financial industry's opening up to the outside world.
Although the initial intention was to establish a national commercial bank, Zhongyang is quite cautious in financial liberalization, so the number of branches that Yeshin Bank can set up each year is limited.
Donghua's economic development is far behind, and the bank's deposit and loan scale is small.
Normally, Industrial Bank would not prioritize setting up a branch in Donghua - if Longqing Group is one of the foreign shareholders of Industrial Bank and has sufficient influence on its domestic development, this can be easily understood.
"These years, Donghua has been far behind cities like Pingjiang in attracting investment," Xiong Wenbin sighed. "Secretary Tan also said that if Donghua's economy is to develop rapidly, we must grasp the work of attracting investment tightly..."
Donghua City has had foreign investment in recent years, but the actual amount of foreign capital used each year is less than $200 million, which is really too backward.
At the municipal level, the division of labor between the party and government is much clearer than at the lower levels of townships. The standing committee members of the municipal government often have two to three people.
This political situation, which is gradually developing towards collective leadership and collective decision-making, makes it very difficult for the municipal party secretary to completely suppress the mayor. Even if the province supports Tan Qiping, it is impossible for Tan Qiping to dominate Donghua single-handedly; let alone that Tan Qiping is an outsider, who cannot control the entire standing committee in a short period of time.
The mayor is in charge of economic development, but attracting investment is a major task, and it's normal for the municipal party secretary to be personally involved.
Tan Qiping wants to make some achievements in attracting investment before Donghua, which can not only hit Tian He's face but also bring about more changes that are favorable to him in the current Standing Committee lineup.
Xiong Wenbin attaches great importance to Sun Yalin, Shen Huai smiled and said: "I have a general relationship with this distant cousin," and then covered his crotch and said: "You go in first, I'll go pee and come back, let's pretend we didn't meet outside..."
Shen Huai splashed urine and came back, Quan Xuetao was scolding the duty officer, those four little rascals were directly detained; Xiong Wenbin was in the next office representing the municipal party committee to apologize to Sun Yalin...
It's no wonder that foreign businessmen are rampant in the country, superior to others, and local officials are eager to introduce foreign capital, with a "humble and obedient" attitude that far surpasses Xiong Wenbin; The phenomenon of "first-class foreigners and second-class officials" is still common in the country.
After Shen Hua went in, he and Xiong Wenbin performed a play of "Secretary Xiong, how did you come over? I've already talked to Secretary Gao on the phone that things are not serious, my cousin is very satisfied with the Municipal Bureau's handling" before turning to the main topic.
Xiong Wenbin asked Sun Yalin in surprise: "Miss Sun and Little Shen are really cousins? Oh, I remember hearing that Little Shen is an overseas student. In our city, party members and cadres like Little Shen, who are high-level intellectuals, are truly rare."
Sun Yalin looked at Shen Hua, not hiding the contempt in her eyes, and was convinced that he was an uneducated and unskilled person who relied on his overseas study experience to deceive domestic officials, and also looked down on people like Xiong Wenbin.
Seeing her cousin's annoying face, Shen Huai couldn't help but want to go up and slap her, but she also had to consider many practical issues.
It seems that the decision to set up a branch of Industrial Bank in Donghua is likely to be in Sun Yalin's hands. If this falls through, it won't have much impact on the struggle between Tan Qiping and Gao Tianhe, but it will definitely have some negative impact on Donghua's economic development.
At present, to develop the economy, the key is still to have investment, whether it is foreign capital or domestic capital. More financial institutions and more lending can effectively promote local economic development.
In addition to increasing the amount of local lending, the management of Ye Xin Bank is much more standardized than that of domestic banks and credit cooperatives. Through strict loan management, it can greatly improve the efficiency of local investment, which is exactly what Donghua urgently needs at present.
However, a sinister smile appeared in Sun Yalin's eyes, making Shen Huai feel a chill: he suspected that Sun Yalin might withdraw the loan from Ye Xin Bank to the steel plant ahead of schedule.
The current steel plant's circulating production funds are only around 200 million; if 160 million of the circulating funds were to be withdrawn all at once, it would be a fatal blow.
Yang Haipeng called at this time, he had sent Xiong Danni, Xiong Dailing, Zhou Ming and Xiao Li back separately, and was returning to the city from Meixi Town. Shen Hua asked him to come directly to the Municipal Public Security Bureau.
Shen Huai said to Xiong Wenbin: "Yang Haipeng is driving over to pick me up, I'll just take my little cousin sisters to the hotel directly!"
Xiong Wenbin saw Shen Huai take the initiative to take over, nodded and said it was good. This matter was originally represented by the municipal party committee to intervene, so that Tan Qiping could have an excuse to directly ask about this matter in the future.
Sun Yalin didn't like Shen Hua, but she endured and didn't ask the Municipal Public Security Bureau or the Municipal Committee to send a car to take them back to Nan Yuan Hotel.
Yang Haipeng drove over, and Shen Huai invited Sun Yalin, who had no kindness on her face, and her companion to get in the car. After saying goodbye to Xiong Wenbin and Kan Xuetao, they headed straight to the Nanyuan Hotel.
All the way, Shen Hua sat in the co-pilot seat and didn't say much.
Instead, Sun Yalin sat in the back row and couldn't help but provoke: "Mei Xi Steel Factory borrowed 16 million yuan from Industry Bank at the beginning of the year for production and operation funds. This time I came to Donghua, I learned about some situations, which can explain that the loan application materials submitted by Mei Xi Steel Factory to the provincial branch are very problematic. The Donghua Municipal Government also intentionally helped Mei Xi Steel Factory cheat on loans, am I wrong?
Shen Hua remained silent and didn't utter a word.
Nowadays, banks in various places are lending money, how many of them are not sick? If this matter is exposed, it may not necessarily make Wu Haifeng and Gao Tianhe suffer, but Meixi Steel Factory will definitely be tossed around. At present, the total assets of Meixi Steel Factory are 1.2 billion yuan, of which 800 million yuan is owed to various banks. If Yeshin Bank stops lending alone, it may trigger a chain reaction.
"Why are you not speaking up?" Sun Ya Lin, seeing that she had grasped Shen Hua's weak point, became complacent and wished to stick her face right in front of Shen Hua's eyes. "Beg me, and I might be able to hold back this matter for three more months before reporting it..."
Yang Haipeng didn't know what happened after he left, nor did he know what kind of relationship Shen Huai had with this French cousin of his. Seeing that Shen's face looked a bit unsightly, he could only start the car and not ask any more questions.
"I've been in charge of Meixi Steel Plant for less than three months, you think this can threaten me?"
Shen Huai's face was tense as he looked at the rearview mirror, where Sun Ya Lin's eyes were filled with an unkind and arrogant smile. He flipped through his memories and knew that among the Sun family siblings, their relationships were not very harmonious, and previously Shen Huai had been particularly disliked, having many grudges with this "cousin"...
"I'm not threatening you, I'm just stating a fact." Sun Yalin said with a proud smile.
"Is this Miss Sofia your assistant? Come to think of it, you went to great lengths to bring Sofia to China as your assistant, and for this important inspection event, you brought only Sofia to Donghua. And then, in the middle of the night, you got into a fight with some local thugs from Donghua. Don't your three uncles have anything to say about that?"
Shen Hua picked up the cigarette case from the dashboard, lit a cigarette and took two puffs, filling the car with smoke.
Sun Ya Lin was choked by the smoke and coughed, but she didn't care about that. She listened to Shen Huai's words with ulterior motives, her hair stood on end, and she asked sharply: "What do you mean by saying these things?"
"It's nothing, I forgot to tell you, little sister. After I returned home, I worked hard to learn English," Shen Huan turned his head and smiled, saying "I think you must hope that I forget everything I heard in the car just now?"
"Your mom's egg!" Sun Yalin didn't expect Shen Hua to shamelessly eavesdrop on their conversation, and now he was even more shameless in using it to blackmail them. Gnashing her teeth, she directly reached out to grab his collar, "Stop lending to Meixi Steel Factory, I'm just following the rules, how can you be so shameless?"
Shen Hua was at a loss for what to do with this "cousin" who had learned boxing since she was young, had the leisure time to learn taekwondo, and was tall in stature. He could only awkwardly put her in a headlock, bend his body over, and say in a very firm tone: "Whether Meixi Steel Factory is prosperous or not has nothing to do with me, but it concerns the livelihood of 900 workers. If you dare to sabotage it, don't think I won't handle it officially. First, I'll send you back to France."