Chapter 1780: Happy Cooperation

"I know." Liu Shinong put down the phone and sneered: "You, Wu Xingshu, have reached your hand out long enough."

Liu Shinong picked up a cigarette, lit it, and leaned back in his chair.

He had also been paying attention to Wancheng and had heard of Dongtai long ago.

It could be said that he still supported Wancheng's action early yesterday morning.

It's just that he didn't expect Wu Xingshu to reach his hand into the Public Security Department for the sake of his so-called godson.

He absolutely could not let Zhuo Hua mess around, but he didn't want to fall out with Wu Xingshu either.

Therefore, he still had to watch the progress of the matter before deciding how to handle it.

In the reception room of the Municipal Government Guesthouse, Zhou Andong and several others sat down.

"Third Uncle, are you afraid that I will lead Qin Zhi into a ditch, so you personally ran over to ask me?"

Zhou Andong's call of 'Third Uncle' made Qin Hongbo feel very comfortable in his heart.

"Little Zhi is a child who has never been worry-free since he was young. If Chairman Zhou can lead him to do business and do some proper things, what do I have to worry about?"

Qin Hongbo's words were very sincere: "I came here this time regarding the cooperation with Yuxi Real Estate."

Actually, Zhou Andong had already guessed why Qin Hongbo wanted to see him, but he was very curious in his heart because the People's Bank of China did not have loan business.

"Third Uncle, what cooperation can we have?"

Qin Hongbo said with a smile: "Loan business."

"This I don't quite understand." Zhou Andong shook his head: "As far as I know, the loan business of the People's Bank of China seems to be only aimed at the financial industry."

"This is what you don't know." Qin Hongbo said: "The People's Bank doesn't have it, but the Urban Credit Cooperatives do."

Zhou Andong was stunned: "Credit Cooperatives?"

"Correct!" Qin Hongbo laughed: "You are not a qualified boss. Credit Cooperatives are the subordinate agencies of our People's Bank, specializing in deposit and loan business."

The People's Bank of China has historically played multiple roles such as national bank, cashier, commercial bank, and all-around regulator.

In 1952, the private financial industry was incorporated into the track of public-private partnership banks, and our country formed a centralized and unified financial system.

Afterwards, the Bank of China, the Agricultural Bank, the Construction Bank, and the Bank of Communications were successively merged into the People's Bank or the Ministry of Finance.

The People's Bank combined the functions of a central bank and a commercial bank, becoming the only bank in the country for a period of time.

The characteristic of the planned economy era was large finance and small finance, and the People's Bank gradually became the cashier agency of the financial department.

In 1969, the head office of the People's Bank and the Ministry of Finance worked in the same office, retaining only the sign of the People's Bank of China externally, and the branches at all levels were also merged with local financial departments.

In 1978, the People's Bank became independent from the Ministry of Finance. The following year, the country carried out comprehensive reform and opening up of the financial industry and restored the Agricultural Bank.

Immediately afterwards, the Construction Bank became independent from the Ministry of Finance, and the Bank of China was separated from the People's Bank, with one institution and two signs with the State Administration of Foreign Exchange established at the same time.

In the same year, the People's Insurance Company of China was newly formed, and trust investment companies and urban credit cooperatives were successively formed in various places, appearing in a situation of diversification of financial institutions and diversification of business.

In 1984, the Industrial and Commercial Bank of China was officially listed, undertaking commercial banking businesses such as industrial and commercial credit and savings originally handled by the People's Bank.

By the mid-1980s, with the deepening of reform and opening up, a wave of business fever swept the country.

Nine out of ten people were in business, and one was watching. Many administrative departments and public institutions opened companies, and the People's Bank was no exception.

For the People's Bank, what it was best at was still financial business. In 1985, approved by the head office, the Special Economic Zone branch piloted the Special Economic Zone Securities Company, becoming the first securities company in New China.

In 1988, in order to promote the transfer of national debt nationwide, the head office allocated funds, and in principle, each provincial branch formed a securities company, totaling thirty-three.

Compared with securities, what the People's Bank was best at was still commercial banking business. Since several major professional banks had been stripped away, it was obviously unfeasible for the People's Bank to directly open commercial banking business again, which would be walking back.

Then, they thought of a way: open urban credit cooperatives. Thus, in 1979, our country's first urban credit cooperative was established in Zhumadian, Henan.

In the previous life, because the system was flexible and there was no historical burden, the profitability of urban credit cooperatives was not worse than the four major banks, especially in developed regions.

However, the current urban credit cooperatives are not as awesome as they were later. Commercial loans were almost monopolized by the four major banks, and the main users of credit cooperatives were also ordinary common people, and deposit and loan business was not much.

Therefore, Qin Hongbo looking for Zhou Andong was actually pulling business for the credit cooperatives.

Zhou Andong really didn't know about these things. His only loan was the 200,000 for Jiang Yuyue to start a company. How could he pay attention to these things when he had nothing to do?

"I really don't know about this." Zhou Andong shook his head: "It's just that we are really not short of money. The important thing is that Qiudongfang has its own bank in Xiangjiang, and Yuxi Real Estate is a wholly-owned subsidiary of Qiudongfang."

Zhou Andong didn't continue, and Qin Hongbo understood what was going on, and was also very surprised by the strength of this Hong Kong-funded company, Qiudongfang.

He really didn't expect that this Hong Kong-funded company, Qiudongfang, also had a bank under its umbrella, but he was not a person who would easily retreat. If he didn't have some ability, even with the Qin family's support behind him, he couldn't have become the governor of the Yangcheng People's Bank.

"Chairman Zhou, don't rush to refuse. Qiudongfang has its own bank, but it doesn't mean we can't cooperate, right?"

Zhou Andong was very curious. He had already said this, and Qin Hongbo still hadn't given up. What did he have to move him?

"Third Uncle, not to mention anything else, just for the sake of my relationship with Little Zhi, our cooperation is no problem, but you have to give me a reason to convince the Qiudongfang headquarters."

Hearing Zhou Andong's words, Qin Zhi stiffened his neck and looked at his Third Uncle triumphantly.

See, if it weren't for my relationship, you would definitely have returned empty-handed today.

Unfortunately, he got the wrong idea. Qin Hongbo didn't look at him at all, not even lifting his eyelids.

"The four major banks are going to carry out shareholding reform. Because they are going to be listed in Xiangjiang, they will seek external capital."

Zhou Andong felt a shock in his heart. The shareholding reform of the four major banks—no matter which bank you invest in, it's lying down and making money.

Actually, when he acquired the Overseas Trust Bank, he had this plan, but he didn't have any certainty.

But if he had the Qin family's help, this matter would be 100% no problem, because the Qin family held the right to speak in the financial industry.

Zhou Andong was laughing crazy in his heart, but there was no expression on his face, which made Qin Hongbo, who was full of confidence, suddenly a little unconfident.

"Chairman Zhou, this can give you an explanation to the Qiudongfang headquarters, right?"

Zhou Andong looked at Qin Hongbo and then stretched out his hand: "Third Uncle, happy cooperation." ===== CHAPTER 1781 =====