Chapter 966 Return
After Shao Heping finished introducing the situation in Lucheng, Song Chaoyuan nodded slightly. He thought about it and said to Shao Heping frankly without beating around the bush: "Brother Shao, the situation in Lucheng is not just Lucheng, but actually the problem of the entire Qiongdao. You don't need to worry too much about some things, and some problems cannot be solved immediately. Just like when a person is sick , the so-called illness comes like a mountain falling, and the illness goes away like pulling a thread, it all takes time. You can't expect to solve the problem immediately. You have to eat one bite at a time and do things step by step."
At this point, Song Chaoyuan paused and continued, "I also know something about the unfinished buildings in Lucheng. If there is no dispute over the debt, Shenghua can take over a few projects appropriately to help Lucheng solve some practical problems. But you also know that Shenghua is just a company. Although I am the boss of Shenghua, Shenghua also needs to be responsible for shareholders. In addition, business is business. As a company, we can assist the government in doing some work, but the premise is to ensure the investment profit and income of the company. To be honest, I can not make money on some projects, but I can't let the company lose money in business operations. This is the basis!"
"I understand what you mean. You'd better not do a business that loses money." Shao Heping nodded and said, "Don't worry about it. I will be very grateful if you can help me. How can I let you do a business that loses money? If so, we will have no friends. I won't do such a thing as killing the goose that lays the golden eggs."
"Haha, I'm glad you can understand, Brother Shao. Long live understanding!" Song Chaoyuan said this with a smile. Although they have a good relationship, and Song Chaoyuan has made plans to help Shao Heping this time, but in business, there are some bottom lines that cannot be crossed. It is Song Yuanchao's consistent principle to say the ugly things in advance.
" No wonder business is getting bigger and bigger. Now you talk to me in a set way." After hearing this, Shao Heping couldn't help but laugh and scolded Song Yuanchao. Song Yuanchao didn't refute and chuckled a few times.
"Don't worry, you don't need to tell me. If I do this, I won't be able to get over it, and I will be sorry for the care of my old leader for so many years." Shao Heping said this to Song Yuanchao, and then said: "This time I asked you to come here not just to help me in this regard. To be honest, there are at least 180 unfinished buildings in the whole Lucheng, if not 200. You can't help much with your ability alone. Besides the unfinished buildings, there are also some vacant real estate projects, which can't be solved in a short time. The government simply can't come up with so much money, and even the banks are in a state of panic, crying poor all the time."
"So what does Brother Shao mean..." Song Chaoyuan was a little confused after hearing what Shao Heping said. He received a call from Shao Heping yesterday. Shao Heping told him on the phone that he hoped he could come to Lucheng to meet him as soon as possible, because there was something important that he needed to discuss with Song Yuanchao.
But now Song Chaoyuan has made his statement, but Shao Heping said that he has no strong intention to let Shenghua take over the unfinished building. So apart from this matter, what on earth does Shao Heping want Song Chaoyuan to do?
Seeing that Song Chaoyuan's cigarette was almost finished, Shao Heping handed another cigarette to Song Chaoyuan, lit it himself and said, "I went to the province to attend a meeting a few days ago. The main topic of the meeting was to find solutions to the current situation. Due to the bursting of the real estate bubble, local governments and banks suffered heavy losses. Coupled with the loss of funds and a high proportion of debt, banks are simply unable to cooperate with the government to make changes in a short period of time. In response to this situation, the superiors proposed an idea, which has been temporarily recognized by Yanjing. This meeting is to discuss this plan. Once it is confirmed, solving the current problem will open up a gap."
"What idea?" Song Yuanchao's heart suddenly moved, and he couldn't help asking.
After looking at Song Chaoyuan, Shao Heping said calmly, "It's actually very simple. Considering the current financial constraints caused by many trust investments in real estate, coupled with the debt problems of banks and local governments in real estate, it has been initially decided that the province will establish a commercial bank. This commercial bank will be initially named Development Bank. The government, trusts, and banks will inject a certain amount of funds, and then the debts and assets caused by real estate liabilities will be packaged and injected, so as to comprehensively coordinate and activate capital in this way to completely solve the current problems."
Shao Heping told Song Chaoyuan in detail about the concept and idea of the development bank, as well as the attitudes of the government, trusts and banks, etc. He also told Song Chaoyuan that the matter was almost settled, and all parties had basically reached a consensus on the plan, and they all believed that it was an excellent way to solve the problem.
If nothing unexpected happens, after the province reports to Yanjing and Yanjing approves it, this commercial development bank will be officially established. After its establishment, it will operate according to various debts and capital injections as its main assets, and in accordance with the operation of commercial banks, it will not take long in the future to completely solve the remaining real estate problems of the entire Qiongdao Island.
Shao Heping's ability to stay in Lucheng is inseparable from Song Chaoyuan's help. In addition to Lin Daoyuan's reasons, Shao Heping is naturally grateful to Song Chaoyuan. Shao Heping thinks that this commercial development bank project is an opportunity to repay Song Chaoyuan. He knows that Song Chaoyuan has a large scale in Shenghua Group, and Shenghua itself has financial and investment projects. In addition, the Xiangjiang Shenghua headquarters has also intervened in several commercial banks in Xiangjiang through various channels in recent years and has become a shareholder of these commercial banks.
In China, the banking industry has always been controlled by state-owned assets. In the past, all commercial banks were state-owned banks, such as the Big Four. After 1978, with the reform and opening up, some joint-stock banks emerged in China as a supplement, which is also part of commercial banks.
At the end of last year, Yanjing issued the "Measures" for the financial industry, further deepening financial reform and promoting the development of joint-stock commercial banks. On this basis, the establishment of the Qiongdao Commercial Development Bank project can be said to be a natural step, and using the establishment of this commercial development bank to solve the problems left over from the bursting of the real estate bubble is killing two birds with one stone.
In Shao Heping's opinion, this is a good opportunity for Song Chaoyuan. If Song Chaoyuan can intervene and participate in this project, it will not only be able to solve some funding problems in the establishment of a commercial development bank, but also allow Shenghua to take a step further with the establishment of a commercial bank.
You should know that in domestic commercial joint-stock banks, there are very large restrictions on private capital or foreign capital. Even though Shenghua is a large enterprise, it is not easy to get involved in the banking and financial industry. This opportunity can be said to be a once-in-a-lifetime opportunity. Shao Heping will naturally not miss the opportunity to repay Song Chaoyuan. If Song Chaoyuan can intervene in this way, it will be of great .
Listening to Shao Heping's explanation, Song Chaoyuan frowned slightly. It can't be said that Song Chaoyuan's heart has begun to be moved at this moment.
As Shao Heping said, once Shenghua gets involved in this commercial development bank and becomes a shareholder of this bank, it will be of great help to Shenghua's business in the mainland. And from the future perspective, owning shares of a commercial development bank in the mainland will also be very beneficial in all aspects.
However, while Song Chao was tempted to seek aid, he also felt a little uneasy, because in his impression, among some joint-stock commercial banks in later generations, he only knew about Guangdong Development and Pu Development, but had never heard of the existence of Qiongdao Development Bank.
If according to Shao Heping, the establishment of this business is now a foregone conclusion, then Qiongdao Development Bank should be very famous in the future, but he seems to have no memory of the existence of this bank. So what happened? Did this bank fail to be established later? Or was it because it was not named Qiongdao Development Bank after it was finally established? Or was there something else that he didn't know about?
Song Chaoyuan was a little confused about this. He thought about it for a long time, but could not find any memory of this bank in his mind.
"What's wrong? What are you thinking about?" Seeing that Song Chaoyuan hadn't said anything but had a frown on his face, Shao Heping asked in confusion.
"Nothing, just a little unexpected." Song Chaoyuan relaxed his brows and smiled, then asked Shao Heping: "How far has the project progressed? Can you tell me the details?"
"As I said just now, the project has been discussed almost to the end. Now we need to report to Yanjing and wait for the approval from Yanjing. As long as the approval comes, there will be no problem in establishing the bank. As for the specific situation you mentioned? What do you want to know?"
"Of course the more detailed the better, including the proportions and amounts of capital injection and debt packaging from the three parties you mentioned just now, namely, local governments, trusts, and banks. In addition, I remember that securities firms will also be involved this time? If Shenghua is involved, what proportion will it be? How much money will it need to pay? And how many rights of this bank can it obtain?" Song Chaoyuan asked bluntly. This was a big deal, not an ordinary transaction. The funds involved in this investment were extremely huge. As a decision maker of a company, Song Chaoyuan must understand it clearly before making a decision.
"I can't explain all this at once. How about this, honor me for two days and I'll have someone sort out the materials for you to see. By the way, there will be an internal meeting for the development bank's preparatory meeting next week. I'll arrange it and try to get you to attend as an observer. How about that?"
"That's great. Actual participation is always better than just sitting there discussing. Besides, this project is not a matter for just one or two companies. It involves many aspects. It would be good to listen to opinions and views from all sides." Song Chaoyuan would certainly not object. On the contrary, he thought Shao Heping's suggestion was good.
Regardless of the project, it is always okay to get a deeper understanding first. As for whether to finally decide to intervene, it is not too late to make a decision after understanding. And from the current point of view, Shao Heping asked Song Chaoyuan to come and told him about this matter. From a personal point of view, Song Chaoyuan is very grateful to Shao Heping. It is worthy of his deliberate reminder and help to Shao Heping that year, which is the reward today.
