novelno Chapter 657: Liwei
Chapter 657: Liwei
Chapter 657 Li Wei
The more the amount of investment, the more preferential policies you can get. Of course, Li Weidong knows this well.
Many investors, when negotiating investment, will first give a very large number to obtain preferential terms, but it is hard to say how much can be implemented in the end.
Therefore, when making statistics, there are two figures of attracting foreign capital and actual utilization of foreign capital. Because attracting foreign capital is often just a rhetorical figure, actual use of foreign capital is the real deal.
If you meet a master like Cai Jinhui who doesn't see rabbits and doesn't scatter eagles, it's definitely not enough to just say hello, and you have to pay real money.
One billion is not a small amount for Li Weidong, at least the current Li Weidong really can't afford so much money.
Before that, all of Li Weidong's spare money was invested in coal mines, and he owed a large loan. 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 I just earned was invested in it.
So now Li Weidong really can't afford one billion.
Although Li Weidong had no money, there was plenty of 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 does Chairman Li plan to borrow? Director Sui asked.
Loan one billion first! Li Weidong replied.
This is not a small sum, I have to report it to the leader. Director Sui paused, and then continued; But you helped us so much before, I think the leaders in the industry will definitely not refuse .”
As for the interest... Li Weidong continued.
Don't worry about the interest. I'll give you a 30% discount. There's no problem. Director Sui agreed quite casually.
If it is placed in later generations, the person in charge of the prefecture-level bank can approve a loan of only one billion yuan, and there is no need to apply for it in the near future.
But it was 2003 after all. It is not an exaggeration to say that the one billion RMB at that time was equivalent to the current 10 billion RMB.
Some people might think,
The one billion RMB at that time must be worth more than the current 10 billion RMB.
Naturally, such a large amount of loan must be reported to the head office for approval.
As for the 30% interest rate, the bank must still make money, but it's just a little less.
In the case 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 asked Li Weidong for news, and Li Weidong told Director Sui that Shitong Company was about to go bankrupt based on the principle of forming a good relationship.
Not long after, WorldCom really filed for bankruptcy, and Director Sui also personally came to the door with a gift to thank Li Weidong.
Enron's bankruptcy case has been called the 9/11 incident in the American financial circle. WorldCom's scale is larger than Enron's, and its impact is much greater than Enron's.
However, Enron went bankrupt in just over 20 days after a problem occurred, which caught many investors off guard and did not have time to react at all, so they were deeply injured.
However, WorldCom waited for more than half a year to file for bankruptcy after problems occurred. During this period, many investors had already fled. Although there will be some losses, it is better than nothing.
Of course, there are also some gamblers who think that WorldCom can still be brought back to life, and want to buy bottom at a low price, but they naturally lose everything.
...
In the meeting room of the head office, Director Sui reported Li Weidong's need for a loan.
The amount of one billion may be an astronomical figure for the branch below, but it is not too much for the head office. Director Sui feels that the report this time is just going through the process, and then the loan can be approved directly.
Director Sui, this Puppy Group wants to borrow one billion yuan, did you say what kind of collateral it will take? One of them asked, his surname was Wang, and he was the new executive director who arrived by air.
The board of directors of a large bank is relatively diversified. Basically, there will be several executive directors, several non-executive directors, and several independent non-executive directors. Generally, the chairman and vice chairman will each hold the position of an executive director, and the real decision-making power is also in the hands of the executive director.
So this executive director Wang still has the right to speak.
Director Sui had no choice but to explain: The Puppy Group did not give collateral, and this loan belongs to Credit Loan Kuai!
A one-billion credit loan? Director Wang raised his eyebrows slightly.
For large enterprises, we have always allowed credit loans. Director Sui continued: And the Puppy Group has always been our regular customer with good credit status, and is responsible for the conditions for issuing credit loans quickly.
But the amount of one billion is really too big, I think we should be more cautious. Director Wang shook his head.
The Puppy Group's operating conditions have always been very good, and Li Weidong has other industries in his hands. He is capable of repaying a billion yuan loan. Many of our customers are not as good as the Puppy Group, and we have approved them. Got a loan, Director Sui replied.
What about the interest? It's already a credit loan, so we should charge more interest! With an interest rate of 30% off, we will lose tens of millions a year! Director Wang continued.
Director Wang, it's like this. Chairman Li of Puppy Electric has helped us before. The information he provided us saved our bank from a large loss. Director Sui said.
Director Sui then told about Enron's bankruptcy and WorldCom's bankruptcy.
These are all things that happened before I came here. Director Wang snorted coldly, as if he didn't admit it.
Director Sui said, Director Wang, after all, doing business requires reciprocity. Li Weidong has helped us, so we should give him some discounts on loan interest rates!
Even if it's a reciprocity, it's not enough to give him a 30% interest rate! Give him something, and give him a top-notch VIP credit card, and he will return the favor! Director Wang curled his lips.
As soon as these words came out, many people's eyes showed a violent color.
A person who can borrow one billion yuan will be short of something from you? Will there be a top VIP credit card missing? You are too whimsical!
Director Wang also felt that he had made a slip of the tongue, 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 the higher-ups sent me down to serve as the executive director just to rectify the credit loan issue. Last year, the central bank issued a document requiring the regulation of bank credit loans. 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. In the next few years, the country 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 principle of expanding domestic demand, we must continue to implement a prudent monetary policy, maintain 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 prevent potential financial risks when money and credit grow rapidly, strengthen loan risk warning and detection, further optimize the loan structure, and effectively prevent new loan risks!
As expected, Director Wang came down from the air, and talked about the instructions of his superiors endlessly. After hearing these contents, everyone could only nod in agreement.
Director Wang talked for a long time, and finally concluded that it is not recommended to approve this one billion loan.
The others didn't object either. First of all, he was the executive director after all, so there was no need to quarrel with an executive director over this matter.
Besides, Director Wang has just become an executive director, so if you sing against him, you will understand that you have offended someone.
Moreover, the interest on this loan is only 30% off, so the bank can't make much money. If it is approved to others, it can charge the full amount of interest, or charge more interest, and the bank can make more money.
As for the favor owed to Li Weidong, it can only be unethical!
Anyway, Director Wang was the one who refused to approve the loan. If he talked about immorality and lack of courtesy in the future, Director Wang would be responsible anyway. Others could even pretend to be innocent behind their backs and step on Director Wang again.
Moreover, between the bank and the enterprise, the enterprise is still begging for more banks. The father who has money these days is the father, so the bank is not afraid of offending Li Weidong.
Even if Li Weidong was offended because of this matter, the bank still has many big customers, and there are still many people begging for loans, so one more is not too many, and one less is quite a lot.
Looking at the annual profits of various banks in later generations, and thinking about how troublesome it is to apply for a loan, and even applying for a bank card requires a lot of certificates, you know that the bank has no shortage of customers who come to borrow money.
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 out, Director Sui couldn't help feeling a little anxious, but his soft words were not enough to compete with Director Wang, the executive director.
For a dignified executive director, if he is determined not to pay attention to courtesy and courtesy, there is really nothing he can do!
Director Sui had no choice but to say: This Li Weidong's economic predictions have always been very accurate. According to the information we collected before, he once predicted Japan's economic bubble and the Asian financial crisis. In addition, Enron and WorldCom I have just reported to the leaders about the collapse of the company.
I think we should make good friends with such entrepreneurs. After all, our bank has investments all over the world. For the risks of these investments, if he can give early warning, it can help us avoid a lot of losses.
The previous bankruptcy of Enron and WorldCom are the best examples. If we hadn't avoided these two risks, there would have been hundreds of millions of dollars in losses!
If we have a bad relationship with Li Weidong this time, if there is another incident like Enron's bankruptcy in the future, he will not give us prison guards, and our bank may suffer great losses at that time.
Of course there are risks in investing, and isn't risk assessment the duty of your investment department? Director Wang sneered and continued;
If you don't see the risk and the bank loses, it's your job! Don't pass on your job to someone else.
Moreover, investment and lending are two completely independent departments, why should the lending department pay for the work content of the investment department!
Seeing Director Wang's firm attitude, Director Sui had no choice but to shake his head helplessly, and stopped arguing.
...
The loan has not been approved? Li Weidong's tone was a little surprised.
Li Weidong felt that he had helped the bank a lot in the bankruptcy of Enron and WorldCom before, and even if it was to repay the favor, the bank should not have a loan.
Director Sui sighed helplessly, and continued: I also thought that this loan should go smoothly, and reporting it 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 before and the credit situation of your Puppy Group, but his attitude is very firm and he just doesn't approve it!
What is the last name of this executive director? Li Weidong wondered in his heart whether he had sinned against him before.
The surname is Wang. Director Sui continued: Chairman Li, don't think too much, Director Wang probably didn't come here for you.
It's not for me, is it for you? Did you sin against him before? Li Weidong asked with a smile.
No way, although Director Wang came down by air, he was also our leader before, how dare I offend him! Director Sui shook his head quickly, and continued; I think Director Wang may want to borrow This thing stands out!
I understand! It's not the right time for the loan I want. Li Weidong nodded.
There is an old saying that a new official takes office three times, and the leader who comes down from the air, if he wants not to be ostracized, he must find a reason to show his prestige. In this process, there will inevitably be a few scapegoats.
Now Li Weidong has become this scapegoat.
In order to establish his prestige, Director Wang was worried that there was no reason to do so, and Li Weidong's application for a loan came. So Director Wang simply vetoed Li Weidong's loan, regardless of whether the reason was reasonable, but the other directors gave him face, and this prestige was established.
I have suffered an indiscriminate disaster! It seems that I have to find another way! Li Weidong sighed helplessly.
It is said that doing business is all about reciprocity. But when encountering bank hooligans, Li Weidong really has nothing to do.
For example, leaving the cabinet is not responsible for such things, and it is only limited to the case of less money from the bank. If the money is too much, it is the depositor's unjust enrichment, and the money has to be returned. Who can justify it!
Director Sui asked, Chairman Li, can you wait a little longer for the loan matter? Maybe there will be a turnaround!
Turning opportunity? The chance is not great. Li Weidong shook his head: Since this director Wang is determined to make me famous, it is impossible to approve this loan again, otherwise, wouldn't it be a slap in the face!
Director Sui smiled slightly, and said, For loans, there are other places besides the bank!
You won't let me find usury? Li Weidong asked.
Usury 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 higher-ups will transfer me to the Insurance Regulatory Commission. At that time, I can show my prestige by the way, find a way to find an insurance company, and grant you this one billion loan!
It's truly another village! Li Weidong breathed a sigh of relief: Director Sui, I congratulate you in advance for your promotion!
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