Chapter 511: Fake, Real
Although Wei Shangfeng spends money lavishly without any regret, she is actually in debt.
The stocks chosen by the so-called Toad God that were predicted before were not only bought by her followers, but she herself also bought them!
Yes, that's right! She was also following the nonsense that Onoue said.
It’s not that she deceived herself, but that Ooue simply had no idea about investment and money.
If she had any understanding of this, she would not have borrowed trillions of yen from the bank.
Yes, Onoue alone borrowed 1.7 trillion yen from major Japanese banks.
1.7 trillion yen, or about 12.5 billion U.S. dollars, is the amount of money Onoue owes the bank now.
However, she borrowed such a large sum of money but did not squander much of it herself.
Most of it is invested in the stock market or used to purchase financial bonds.
Of course, like today, we have also done a lot of work to provide financing to others.
According to previous statistics from the butler, Onoue Nao's assets at the end of last year were approximately 620 billion yen.
However, with the collapse of the stock market, like her followers, Onoue's own assets have shrunk by more than half.
After the meeting, several people discussed it privately and found that there were only about 265 billion yen of assets left under Onoue Hira's name.
Most of them are in the form of financial bonds. As for cash, after today's turmoil, there is only less than 30 billion in the account.
To be honest, even though most of my money was gone, I didn't really feel bad about it.
Because as an ordinary person, especially an ordinary person with average education level.
Most of her life revolves around this izakaya, and her daily expenses only add up to a few million a month.
All the high-end luxury goods, delicious food, and villas, I just can't get used to eating or living in them.
Growing up in the 1930s and 1940s, she was used to a hard life, and when she suddenly possessed a huge amount of wealth, she didn't know how to spend it.
The only thing she could think of spending any large sum on was buying herself a set of thick, heavy, solid gold jewelry.
The emperor's golden hoe, such a joke seems funny.
But it does reflect the huge gap in knowledge and cognition between the lower classes and the upper classes of society.
So when faced with hundreds of billions of dollars in funds, Oeue Feng himself didn't feel anything.
Now when he heard the housekeeper say that there was not much money left in the account, Ojou Feng's first reaction was to go to the bank for a loan.
In the past two years, she spent money when she had it and borrowed when she didn't, and accumulated more than 1 trillion yuan in loans.
But the banks are not fools. With the precipitous drop in the stock market, Okae has long been insolvent.
It is no longer possible for her to borrow a large sum of money from the bank, especially since the big banks are full of shrewd people.
"Since the amount of money Mr. Onoue wants to borrow is not a small amount, we can only seek cooperation with a large bank."
Just when Onoue was having trouble getting a loan, a middle-aged man wearing glasses sitting next to her suddenly spoke.
“That’s true, but large bank loans require collateral.
If it's a small amount like tens of billions, I can just call He Xi-san directly."
The Kasai-san mentioned by Onoue is the managing director of Industrial Bank in Kansai, named Kasai Kyōji.
Because whether it is a loan or purchasing financial bonds, the starting price is tens of billions.
Therefore, Hexi Jinger usually serves this God of Wealth very carefully.
If it would cost 20 to 30 billion yuan to complete the task, Hexi Jinger would transfer the money with just one phone call.
Therefore, Tail Shangfeng doesn't really care about such a "small amount" as tens of billions.
But what she wanted to borrow was not a small amount, but a huge sum of hundreds of billions.
Even though Ooe Hi had no idea about money, she knew that too much money would need to be audited by the bank.
Facing Oue no Feng's frown, the middle-aged man who had just spoken showed a meaningful smile.
“It’s actually not that difficult to say~”
"Hey, Mr. Kanda, do you have any good ideas?" When Onoue heard that there was a way, he immediately moved closer and showed an interested look.
This middle-aged man named Kanda is the president of Toyo Shinkin Bank.
After the gathering, he liked to stay and get close to Onoue Feng. After getting to know each other, he became one of Onoue Feng's confidants.
Seeing her interested look, Kanda moved closer and lowered his voice to seduce her.
"Since the big banks want solid collateral, we just provide one."
"Eh, reliable collateral? Are you talking about real estate, Kanda-san?"
What is the most valuable thing right now? Of course it's real estate.
Although Onoue herself has not invested in any real estate, it does not mean that she is unaware of how popular the real estate market in Japan is now.
But if it is real estate, it seems that I don’t have any large piece of land.
In response to Onoue's question, Kanda smiled and shook his head.
"The Ministry of Finance is currently tightening real estate loan quotas, so using real estate as collateral may be inappropriate.
Besides, we don’t have much real estate, so why don’t we just use our savings?”
"Deposit?" Onoue looked at Kanda strangely.
Deposits can be used as collateral to obtain bank loans, and can even be a form of hard currency among collateral, comparable to real estate.
However, if I have so much savings, do I still need to borrow money from the bank?
As if noticing the doubt in Onoue's eyes, Kanda answered again slowly.
"As for the deposit certificate, it's enough to have it. As for whether it's real or not, is it that important?"
Ooue's eyes widened slightly, "Kanda-san, what do you mean..."
Kanda nodded proudly, "The deposit certificate is provided by Toyo Credit Union, and it is up to you, Onoue-sama, to fill in the number you want.
We at Toyo Credit Union can even provide several versions with different amounts to prove this.
At that time, we will try Industrial Bank, Dai-ichi Kangyo Bank, and Fuji Bank one by one.
Oh, by the way, you also need to prepare a copy of Beidu Bank. I heard that their financial strength is not weaker than the three major banks, but the review is a bit strict.
But with the genuine deposit certificate in hand, I don’t believe they will refuse this high-priced loan business that is delivered to their doorstep.”
The Toyo Credit Union where Kanda worked was also a good-sized financial institution, and it was also a legitimate credit union registered with the Ministry of Finance.
Most banks will recognize their certificates, and these data are verifiable within the financial system and generally cannot be forged.
But there are exceptions to everything. If there is a traitor in the banking system itself, then the false will become true.
After hearing Kanda's plan, Onoue's eyes lit up. This method was truly foolproof.
"Kanda-san, I'm sorry to trouble you with this matter."
"Of course, but after this is done, Lord Onoue..."
"I will purchase 90 billion yen of financial bonds issued by Toyo Shinkin Bank."
Ojou added without hesitation, "It's to show support for all the major financial institutions."
Having done this kind of thing so many times, she is already familiar with it.
After receiving her assurance, Kanda smiled contentedly.
With 90 billion yen of financial bonds, Kanda has countless ways to tamper with the contract given his experience.
Believe it or not, in the end, the 90 billion yen will all go into the pocket of Toyo Credit Union without a penny left.
Why did I take such a big risk to get a certificate? It was just for the money.
Tsk, 90 billion yen, a piece of waste paper like proof.
It turns out that the business with no capital is the most profitable.
…
In May, as the stock market further stabilized, the Nikkei index has recovered to around 29,000 points.
The recovery of the stock market once again proves that the previous sharp drop was just an accidental event.
As a result, financial investment became active again, and the Industrial Bank's financial bonds, which had been ignored in the previous few months, gradually found more buyers.
Yamaga Securities, which had pretended to be dead for more than three months, unexpectedly went to Toyo Securities again and wanted to buy back the 80 billion yen bonds.
Faced with Yamaga Securities' acquisition request, Toyo Securities signed another contract without hesitation.
If we omit the process and put everything together, it means that Takeda of Toyo Securities died in vain...
It’s a pity that Takeda-san went up to the rooftop too quickly.
If you hold on a little longer, maybe things will turn around.
However, there are no "ifs" in history, and the stock market is all about heartbeats.
Without a big heart, you will die faster than others.
On the day when the Nikkei index plummeted, five people jumped from buildings on the street where the Shirakawa Holdings Building is located alone.
In fact, it is no wonder that they are anxious, because not everyone can accept the outcome of going from being worth billions to being back to the status quo before liberation.
The huge gap in wealth and psychology can instantly break down a person's psychological defenses.
Especially for the so-called social elites who live a life of luxury in their daily lives, the thing they can't accept the most is falling from the clouds to the mortal world.
However, these have nothing to do with Baichuan Feng. Because of sufficient preparation, Baichuan Holdings did not suffer much loss.
Although there are also some radical managers who privately use the company's funds to enter the stock market for profit.
But fortunately, the amount of funds is not large, only a few hundred million or billions, and the account can be settled within the group.
Of course, the matter was resolved, and those radical executives were either forced to work on sewing machines or kicked out of the company, depending on the severity of the incident.
After Baichuan Feng's repeated orders, do you still dare to disobey him and keep him around to make a bigger hole for yourself?
Things like seniority-based system and lifetime employment system are of no use if they violate regulations.
Besides, Shirakawa Holdings does not explicitly stipulate in its employee handbook that it is a lifetime employment system, so this point does not apply to it.
Because Baichuan Feng suddenly adopted a contractionary policy on financial investment.
As a result, the enthusiasm of Shirakawa Holdings' subsidiaries and members for the stock market has been greatly reduced.
However, others may stay away from the stock market and financial bonds, after all, they have just suffered losses.
But this is not the case with Kitato Bank because its main business is finance and bonds.
After significantly reducing its land loans, Beidu Bank has to look for new growth points for its business elsewhere.
Therefore, corporate loans and personal loans, in the presence of collateral of comparable value, became the focus of Beidu Bank's business.
However, the branch in Osaka recently received a somewhat strange loan application.
Because the amount was too large, the branch manager did not dare to make the decision, and finally the application was handed to Baichuan Feng's desk.
