Volume 17, Huazhiqiao, Section 68, Big Trouble
ps: If I want to hear more of your voices and receive more of your suggestions, search the WeChat public account "qdread" now and follow it to give more support to "Guandao Without Borders"!
Lu Weimin also heard some news. Both the China Securities Regulatory Commission and the Banking Regulatory Commission have sent personnel to investigate the problems of Delong, and many financial news media have also begun to send their own teams to investigate the problems of Delong. Of course, the storm is still developing.
, this kind of investigation can't explain anything, but it is also a very dangerous signal.
There is no doubt that there are many major violations in the operation of these subsidiaries of Delonghi Group, and there are many major violations in related loan issues between listed companies and banks. If Delonghi survives this storm, maybe these violations will not be a big deal.
Whether it is China's stock market or the financial industry, are there still less of these shady stories? The problem is that this storm is getting fiercer and fiercer. De'Longhi has already shown its decline and cannot support itself at all. Maybe it will be De'Longhi tomorrow or the day after tomorrow.
Reports of collapse.
If you can't handle it, then all the problems will come out and even be infinitely magnified. Tieben has been defeated, Jianlong is still under investigation, and countless private entrepreneurs are trembling in this storm, no matter you are the richest man in the local area or a multinational
If you are a great person in the world, you can only become a clay figure if you are really crushed by the general trend.
Private enterprises are born with the gene of original sin. They cannot compete on an equal footing with state-owned enterprises and collective enterprises in acquiring various resources. They want to win in the current dual-track economic system like China just by relying on the flexibility of their own mechanisms.
It is conceivable that if you don't have any tricks, it would not be said to be unique, but it is very rare and difficult.
Once you can't bear it any longer and are looked at under a magnifying glass, you can imagine that every pore and every cell in your body is infinitely magnified. Will you still end up well?
De'Longhi itself has many problems. The mismatch between ambition and control, coupled with the unsound domestic regulatory mechanism, has given the leaders of De'Longhi the opportunity to do whatever they want, which is why the De'Longhi Group
It expands and grows into such a huge monster, and once this monster loses its support, it will naturally crush many people to death when it falls.
For Chang Jiang, the ups and downs in the stock market are of little concern, but the huge losses suffered by two commercial banks, and the huge pies that Delong had drawn, none of which were cashed out. Someone needs to be held responsible for this.
Already.
Lu Weimin could imagine that Gao Jin was in trouble.
In fact, when Delong entered Changjiang, Lu Weimin specifically reminded the province and Changzhou City.
Over in Changzhou City, Lu Weimin reminded Mao Dao'an, but Mao Dao'an clearly told Lu Weimin that he could not make the decision. The main leaders of the province were directly intervening. He mentioned it, but no one paid attention to it, and he had just gone there.
Not long after I arrived in Changzhou, I also learned about the interesting things.
In the province, he not only reminded and suggested to Du Chongshan when they had dinner, but also found an opportunity to express his views to Fang Guogang, but it seemed to have no effect.
It's not that Du Chongshan and Fang Guogang didn't pay attention to it. It's not that they didn't agree with it. Although there was no clue at the time, Du Chongshan and Fang Guogang both came from economic backgrounds and were still relatively cautious on this issue.
After all, Du Chongshan is only the deputy secretary in charge of party and mass work. It is not easy for him to intervene in economic work, especially specific economic work. He only mentioned at the Standing Committee that he should be wary of the risks in the operation of local city commercial banks, especially to prevent connections.
Loans bring risks, but that's about it.
Fang Guogang specifically talked to Gao Jin, but Gao Jin obviously disagreed with this. Gao Jin did not let Fang Guogang interfere too much in the area of financial management. After Fang Guogang realized this, he also deliberately avoided this part of the work.
.
Since the opinions with the main leaders are not consistent, it is not inconsistent. Fang Guogang was also worried about the risks behind the Delong Group after communicating with Lu Weimin. He just wanted to strengthen supervision. Since the main leaders did not agree, and also intentionally or unintentionally
This work was handed over to another deputy governor, and of course he just got out of it.
The equity of Changzhou Commercial Bank is relatively complicated. Although Delong Group became the major shareholder after accepting the equity transfer from Huamin Group and Changzhou Municipal Government, there are still quite a few municipal enterprises and some private enterprises that occupy it.
shares.
When Factory 195 transferred the shares of Changqi Group, it also exchanged them for the equity of Changzhou Commercial Bank. Even Changfa Group and Changgang Group also held part of the equity of Changzhou Commercial Bank. These three companies held Changzhou Commercial Bank's equity.
The equity of commercial banks also accounts for about 22%. Although it is not as good as Delong Group and Changzhou Municipal Government in the ranking of shareholders, it still ranks third, fifth and sixth respectively. Now Changzhou Commercial Bank has suffered such a huge loss.
A loss of more than 600 million yuan is undoubtedly unacceptable to these shareholders.
Factory 195, Changfa Group, and Changgang Group are all state-owned enterprises. Among them, Factory 195 and Changfa Group belong to the AVIC Group. They have no direct affiliation with Changjiang Province. They are all under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council. The asset losses of these enterprises are not
It is responsible to the Changjiang Provincial Committee and Provincial Government, but to the State-owned Assets Supervision and Administration Commission of the State Council.
For such a huge loss, of course, as a shareholder, you need to have an explanation. And if these shareholders are not under local jurisdiction and face accountability from the superior authorities, it will be troublesome, especially when the news media begins to pay attention to these connections.
When there are problems with the loan, it means you are in big trouble.
Lu Weimin couldn't remember when the middle and senior management intervened in Delong in his previous life, but it was not too late. It seemed that Huarong Asset Management finally took over the deal, but taking over the deal does not mean that everything will be fine, and the losses were heavy.
Delong, which was owned by the company, was split up and dismantled, and eventually returned to dust. While a considerable amount of these losses fell on shareholders, naturally a lot of them were borne by banks and local governments.
In the previous life, Zhongchangjiang was not the hardest hit area by the Delong storm, but in this life it has changed. Just like the topology, although there were troubles in various places in the previous life, there were not many problems in Songzhou. Now, a software park has been built.
Similarly, in the previous life, Delong also caused a storm, and Changjiang was also affected, but it was not as bad as in this life. The two major city commercial banks have simply become the best stepping stones for Delong.
"Will anyone be responsible for this?" Lu Weimin asked gently.
"I don't know, it's hard to say." Lu Zhihua also said casually on the phone, "This is not the responsibility of any one person. Logically speaking, this kind of problem is a systemic problem. Changzhou Commercial Bank and Xiliang Commercial Bank are so
Many loans flowed to Delong. The supervision of this kind of related-party loans should be very strict, and there are proportional restrictions, but it is obviously a violation. However, if you want to elevate this kind of commercial violation to the political level, it is hard to say. It depends on what is said above.
Look, there’s also…”
Lu Zhihua did not continue, but Lu Weimin understood, what else? There is also someone in Changjiang Province who wants to pierce this layer of paper.
The loss of 800 million yuan, whether it is big or small, whether it is 195 Factory, Changfa Group or Changgang Group, although it is an enterprise under the jurisdiction of the State-owned Assets Supervision and Administration Commission of the State Council, you are still on the territory of Changjiang after all.
Generally speaking, the local party committee and government will not be offended. If they do a good job of conciliation and communicate well with the higher ups, this kind of thing can be settled.
The key is whether there is anyone who wants to study it deeply and whether there is anyone who wants to make use of the topic.
This question is difficult to answer.
The Changjiang Provincial Party Committee and the Provincial Government seem to be relatively peaceful and stable, and the relationship between Rong Daosheng and Gao Jin is not bad, but this is only a superficial phenomenon. Even Lu Weimin cannot see what is going on inside, not to mention the internal situation within the Changjiang Provincial Party Committee.
Not as stable as imagined, Rong Daosheng's driving and control ability is not much better than that of Shao Jingchuan's era, and far less stable than that of Tian Haihua's era.
Lu Weimin has a feeling that although he can't see many clues yet, his intuition tells him that this matter may not be settled so easily, and once the hole is opened, it may not be able to be fixed again.
The macroeconomic control storm in April hit the land of Changjiang like a storm. Affected by the problems of several major banks, Changzhou Commercial Bank and Xiliang Commercial Bank, the Provincial People's Bank of China and the Provincial Financial Office jointly issued a document calling for the strengthening of financial institutions.
In order to resolutely eliminate the risks caused by related-party loans, a storm of tightening was once again launched from several major state-owned banks to joint-stock banks, to rural credit cooperatives and city commercial banks, which caused constant complaints from enterprises everywhere.
"Let's do our job and don't be affected by the wind and rain from the outside world." Lu Weimin, who slightly shrugged his shoulders, looked around and looked at the participants in the venue. With a unique momentum, he waved his hand firmly, "We can't get sick alone.
, giving injections to the whole family is unscientific and not objective. The problems in Changzhou and Xiliang are due to the involvement of the Delong Group. We in Songzhou have already started to solve the topological issues and have a relatively clear situation.
, what else is needed for rectification? Tightening in the name of rectification is even more inconsistent with the laws of economic development. I still say the same thing, as long as your system is perfect and the procedures are followed in a formal way, what are you afraid of? The credit reporting system is becoming increasingly complete.
The work in the city is also progressing in an orderly manner. We don't need to be unreasonably nervous, let alone stop eating because of choking. All work must be done with specific analysis of specific problems. How to go our own way? We have to continue to go, and we must take advantage of this opportunity.
Walk more steadily and faster.”
The second update! Keep asking for monthly votes! (My novel "Guan Dao Boundless" will have more fresh content on the official WeChat platform, and there will also be a 100% lucky draw gift for everyone! Open WeChat now and click on the upper right
"+" sign "add friend", search the public account "qdread" and follow it, hurry up!) (To be continued, please search Piaotian Literature, the novel will be better and updated faster!
Chapter completed!