Rebirth of the Industrial Tycoon - Vol 2 Chapter 657
Chapter 657 Li Wei
The more you invest, the more preferential policies you can get. Of course, Li Weidong knows this.
Many investors will first give a huge number when negotiating investment, and ask for preferential conditions, but it is hard to say how much it can be implemented in the end.
Therefore, in the statistics, there will be two figures of “attracting foreign capital” and “actually utilizing foreign capital”. Because “attracting foreign capital” is often just a rhetorical figure, “actual utilization of foreign capital” is the real deal.
If you meet a master like Cai Jinhui who doesn’t see rabbits but not hawks, you will definitely not be able to just rely on your mouth, and you will have to pay real money.
One billion is not a small amount for Li Weidong, at least Li Weidong now really can’t afford so much money.
Previously, Li Weidong’s spare money was all invested in coal mines, and he also owed a large amount of loans. With the rise in coal prices, Li Weidong should also start making money.
But not long ago, a large number of coal mining equipment was updated, and all the money just earned was invested again.
So now Li Weidong really can’t get one billion.
Although Li Weidong had no money, there was money in the bank, so Li Weidong planned to go to the bank for help. He dialed the phone number of Director Sui of the bank.
After the two exchanged a few words, Li Weidong explained his intention.
“Loan? No problem, how much is Chairman Li going to borrow?” Director Sui asked.
“First loan one billion!” Li Weidong replied.
“This is not a small amount, I have to report it to the leader.” Director Sui paused, then continued; “But you have helped us so much before, I think the leader of the line will definitely not refuse. .”
“In terms of interest…” Li Weidong continued.
“Don’t worry about the interest, I’ll give you a 30% discount, there’s definitely no problem.” Director Sui agreed rather casually.
If it is placed in the future, the person in charge of the bank at the prefecture and city level will be able to approve the loan of a mere one billion yuan, and there is no need to apply for it in the near future.
But after all, it was 2003. It is no exaggeration to say that one billion RMB at that time was equivalent to 10 billion RMB today.
Some people may think that one billion RMB at that time must be worth more than 10 billion RMB now.
Such a large amount of loan must be reported to the head office for approval.
As for the 30% interest, the bank must still earn it, but it will only earn less.
In the previous incident of Enron’s collapse, Director Sui followed Li Weidong’s judgment and sold Enron’s related investments to avoid the bank’s losses.
Later, Director Sui also inquired about the news from Li Weidong. Li Weidong told Director Sui that Shitong Company was about to go bankrupt on the principle of forming a good relationship.
Soon after, WorldCom filed for bankruptcy, and Director Sui also came to the door with a gift to thank Li Weidong.
Enron’s bankruptcy has been called the 9/11 incident in the US financial world. WorldCom is larger than Enron, and its impact is much greater than Enron.
However, after Enron had a problem, it went bankrupt in just over 20 days, which caught many investors by surprise and didn’t have time to react at all, so they were deeply injured.
After WorldCom had problems, it took more than half a year to file for bankruptcy. During this period, many investors had already run away. Although there will be some losses, it is better than losing everything.
Of course, there are also some gamblers who think that WorldCom can still come back to life and want to buy dips at a low price, but naturally they lose everything.
…
In the conference room of the head office, Director Sui reported Li Weidong’s need for a loan.
The amount of 1000000000 may be an astronomical sum for the following branches, but it is not too much for the head office. Director Sui feels that this report is just a walk through the process, and then the loan can be approved directly.
“Director Sui, this Puppy Group wants a loan of 100 million yuan, did you say what kind of mortgage it will take?” One of them asked. The man’s surname was Wang, and he was the new executive director who came by air.
The board of directors of a large bank is relatively diverse. Basically, there are several executive directors, several non-executive directors, and several independent non-executive directors. Generally, the chairman and vice chairman will each serve as an executive director, and the real decision-making power is also in the hands of the executive director.
So the executive director Wang still has the right to speak.
Director Sui had no choice but to explain: “The Dog Group has not given any collateral, this loan is a credit loan!”
“One billion credit loan fast?” Director Wang raised his eyebrows slightly.
“For large enterprises, we have always allowed the issuance of credit loans.” Director Sui continued: “And the Dog Group has always been our old customer, with good credit conditions, and is responsible for the conditions for issuing credit loans quickly.”
“But the amount of one billion is too large, I think it should be more cautious.” Director Wang shook his head.
“The operation of Puppy Group has always been very good, and Li Weidong has other industries in his hands. He is able to repay one billion loans. Many of our customers are not as financially as Puppy Group, and we approve them all. Loan.” Director Sui replied.
“What about the interest? It’s already a credit loan, so we should charge more interest! With a 30% discount, we will lose tens of millions a year!” Director Wang continued.
“Director Wang, this is the case. Chairman Li of Puppy Electric has helped us before. The information he provided us helped our bank avoid a lot of losses.” Director Sui said.
Director Sui then recounted the bankruptcy of Enron and the bankruptcy of WorldCom.
“These are the things that happened before I came here.” Director Wang snorted coldly, showing an attitude of disavowal.
Director Sui opened his mouth and said, “Director Wang, after all, doing business is about paying attention to courtesy. Li Weidong has helped us, and we should also give him some preferential loan interest rates!”
“Even if it’s a gift exchange, it won’t give him a 30% interest rate! Give him something, and get a VIP credit card of the highest level, and you will repay the favor!” Director Wang pouted.
As soon as these words came out, many people’s eyes showed a raging color.
A person who can borrow one billion yuan will be short of something from you? Will there be a shortage of the most advanced VIP credit card? You are too whimsical!
Director Wang also felt that he was a little sloppy, and then he coughed dryly to hide his embarrassment, and then said: “Although I have just served as an executive director, I am not very familiar with many businesses.
But I was appointed as the executive director for the purpose of rectifying the credit loan business. Last year, the central bank had already issued a document requesting to regulate the credit lending of banks, and this year, it has repeatedly instructed to prevent credit risks and promote the healthy development of the financial market.
As you all know, our country’s commitment to joining the WTO is also related to the financial system. We Chinese have always attached great importance to promises, and in the next few years, the state will also introduce corresponding policies to achieve the promises of the year.
Therefore, the international and domestic financial situation we are facing is still relatively severe. In the future, under the guidance of the policy of expanding domestic demand, we must continue to implement a prudent monetary policy, keep the continuity and stability of the monetary policy, and maintain the good momentum of stable economic and financial development.
Therefore, we should pay more attention to and guard against the potential financial risks when money and credit grow rapidly, strengthen loan risk early warning and detection, further optimize the loan structure, and effectively prevent new loan risks! ”
Director Wang was worthy of being parachuted down, and he talked about the instructions of his superiors, and when they heard this, everyone could only nod and say yes.
Director Wang talked for a long time, and finally concluded that it is not recommended to approve this billion-dollar loan.
Others did not object. After all, they are executive directors, so there is no need to turn against an executive director for this matter.
Besides, Director Wang has just become an executive director. If he sings against him, he will understand that he offends people.
And this loan, the interest is only 30% off, the bank can’t make much money, if it is granted to others, the full amount of interest, or some more interest, the bank can make more money.
As for the favors owed to Li Weidong, then you have to be unethical!
Anyway, it was Director Wang who did not approve the loan. In the future, if he talked about being unethical and having no courtesy, it would be Director Wang who took the blame anyway. Others could even pretend to be innocent behind their backs and step on Director Wang again.
And between the bank and the enterprise, the enterprise still asks the bank for more. The rich are the father these days, so the bank is not afraid to offend Li Weidong.
Even if Li Weidong was offended because of this incident, the bank still has many big customers, and there are still many people begging for loans, so one more is not much, and one less is not much.
Looking at the annual profits of various banks in later generations, thinking about how troublesome it is to apply for a loan, and even having to open a bunch of certificates to get a bank card, you know that the bank has no shortage of customers who come for loans.
Banks have always been worried that they have too little money to lend out!
Seeing that no one in the conference room was willing to speak up, Director Sui couldn’t help but feel a little anxious, but others were soft-spoken, not enough to compete with Director Wang, the executive director.
As an executive director, if he is determined not to pay attention to etiquette, there is really nothing he can do!
Director Sui had no choice but to say: “This Li Weidong’s economic forecast has always been very accurate. According to the information we have collected before, he has predicted the economic bubble in Japan and the financial crisis in Asia. In addition, Enron and WorldCom. I have just reported to the leaders.
I think we should befriend such entrepreneurs. After all, our bank has investments all over the world. For the risks of these investments, if he can give an early warning, it can help us avoid a lot of losses.
The bankruptcy of Enron and WorldCom before is the best example. Hundreds of millions of dollars would have been lost if we had not avoided these two risks!
If we had a bad relationship with Li Weidong this time, he would not give us prison guards if there were similar incidents of Enron’s collapse in the future, and our bank might suffer great losses. ”
“Of course there are risks in investing, and isn’t risk assessment the job of your investment department?” Director Wang sneered and continued;
“If you don’t see the risk and you lose the bank, then it’s your job error! Don’t pass the responsibility of your job on to someone else.
And investment and lending are two completely independent departments, why should the lending department pay for the work of the investment department! ”
Seeing Director Wang’s resolute attitude, Director Sui shook his head helplessly and stopped arguing.
…
“The loan was not approved?” Li Weidong’s tone was a little surprised.
Li Weidong felt that the previous bankruptcy of Enron and WorldCom had helped the bank a lot, and even if it was a favor, the bank should not have taken out a loan.
Director Sui sighed helplessly, and continued: “I originally thought that this loan should be smooth, and reporting to the board of directors is just a process.
But it was rejected by a new executive director. I have also reported the things you helped us in the past and the credit situation of your puppy group, but his attitude was very firm, that is, he did not approve! ”
“What is the surname of this executive director?” Li Weidong thought to himself, whether he had sinned against him before.
“My surname is Wang.” Director Sui continued, “Chairman Li, don’t think too much about it, Director Wang is not here for you.”
“It wasn’t for me, but was it for you? Did you sin against him before?” Li Weidong asked with a smile.
“No way, although Director Wang was parachuted down by air, he was also our leader in the past, how dare I offend me!” Director Sui quickly shook his head and continued, “I think Director Wang may be trying to use This thing stands out!”
“I understand! Dareqing is the loan I asked for, it’s not the time.” Li Weidong nodded.
There is an old saying that a new officer takes office with three fires, and a leader who is parachuted down must find a reason to stand up if he wants to avoid being overthrown, and there will inevitably be a few scapegoats in the process.
Now Li Weidong has become the scapegoat.
Director Wang has no reason to worry about Li Weidong’s application for a loan. So Director Wang simply rejected Li Weidong’s loan, regardless of whether the management was reasonable or not, but the other directors gave him a face, and the prestige was established.
“I’ve suffered an unwarranted disaster! It seems that I have to find another way!” Li Weidong sighed helplessly.
It is said that doing business is about etiquette. But when encountering bank rogues, Li Weidong really can’t do anything about it.
is not responsible for such things as limo, it is only limited to the situation that the bank’s money is insufficient. If you give too much money, it will be an unjust enrichment for the depositors, and they have to return the money, who can reason with this!
Director Sui asked, “Chairman Li, can you wait a little longer for this loan? Maybe there will be a turnaround!”
“Turn the opportunity? There’s not much chance.” Li Weidong shook his head: “Since this Director Wang is determined to show his power over me, it is impossible to approve this loan again, otherwise, wouldn’t it be a slap in the face!”
Director Sui smiled slightly and said, “There are other places besides the bank for loans like this!”
“You won’t let me find usury, right?” Li Weidong asked.
“Usurance is against the law. As a financial practitioner, how can I know the law and break the law!” Director Sui lowered his voice and continued:
“My job may have changed recently. The above will transfer me to the China Insurance Regulatory Commission. At that time, I can stand up and find a way to find an insurance company to grant you this billion-dollar loan!”
“It’s really another village!” Li Weidong breathed a sigh of relief: “Director Sui, I’ll congratulate you in advance on your Gaosheng!”
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(end of this chapter)