Chapter 1781: Strike While the Iron is Hot

Zhou Andong had money and people behind him, but if he wanted to smoothly get bank shares, he still had to have the Qin family's nod.

If the Qin family didn't agree, they didn't need to do anything extra; just one sentence, 'audit not passed,' and you would have no way at all.

Even Elder Jian wouldn't be able to speak; after all, people were acting according to the rules, and who could you blame if you didn't meet the conditions?

Don't you see in the previous life, that nephew who followed Master Zhongtang into the capital was pitted until his head was full of bags and he could never climb up.

No matter how painful or angry he was, there was no way, because people were playing within the rules. Who could you blame for being stupid?

Qin Hongbo was stunned for a moment, then laughed out loud, and the two hands held together tightly.

"Our cooperation will definitely be very happy, and, let's strike while the iron is hot. I will notify Zhang Yongliang of the credit cooperative to come over now and finalize this matter."

Although he gave Zhou Andong a big piece of fat meat, the night is long and dreams are many; who knows which wind will blow tomorrow. Moreover, the four major banks were still eyeing covetously.

You know, what he could give Zhou Andong, the four major banks could also give. It is true that the Qin family holds the right to speak in the financial world, but if the four major banks join forces, the Qin family will also have a headache.

Tens of billions of loan business—whoever swallows this piece of meat will have a mouth full of oil. And what they value more is actually wanting to establish a long-term cooperative relationship with Zhou Andong.

The current Yugong Group has grown into a behemoth. Reform and opening up, rapid economic development, and Yugong Group's layout is also blooming in all directions; only those who pay attention know this.

If they can reach a long-term cooperative relationship with Zhou Andong, not only can they eat meat every meal, but they can also have wine to drink every meal. That's why Qin Hongbo was so anxious, afraid of being intercepted.

"Can!" Zhou Andong said: "However, I have something to do in a while. You talk to Chairman Li."

"What about tomorrow?"

In Qin Hongbo's view, talking directly to the boss is much easier than talking to the people below.

Because for some things, the boss can make a decision directly, but talking to the people below will be very troublesome.

"I'm returning to the capital tomorrow." Zhou Andong looked helpless: "Participating in the Top Ten Outstanding Youth Award Gala."

"Congratulations, Chairman Zhou."

Qin Hongbo was stunned for a moment, then laughed. To be honest, he was still a little unwilling, but Zhou Andong really had something to do, not making excuses, so there was really no way.

"Alright, then let's make an appointment for tomorrow, and we'll talk to Chairman Li."

"I only have time tomorrow too." Li Ling said with a smile: "Our negotiation with Yangcheng has reached a consensus, and we will sign the contract the day after tomorrow."

Qin Hongbo nodded: "Tomorrow at ten in the morning, we will talk here."

"Can!" Li Ling agreed.

The goal had been achieved, so Qin Hongbo naturally wouldn't linger. He also had many things to do, but Qin Zhi's matter also had to be inquired about.

"Chairman Zhou, just now, Little Zhi ran to me and wanted to ask me for a loan, saying he wanted to invest in business with you?"

Having said this, Qin Hongbo waved his hand again: "Chairman Zhou, don't misunderstand, I don't not believe you, I don't believe Little Zhi. This kid's words have too much water, I have to verify with you."

"Correct!" Zhou Andong said: "You should also know that I am preparing to invest in Ali, and there is a potash fertilizer project, which has great prospects.

Qin Zhi said he had some money in his hand and didn't know what to invest in. I think he can invest in potash fertilizer with me; after all, this is also a national strategic project."

"Since what he said is the truth, I can rest assured." Qin Hongbo stood up: "That's it for today. You are also very busy, so I won't disturb you."

Zhou Andong and Li Ling sent Qin Hongbo out, just in time to run into Huang Yali, Liao Ting, and Kong Yu.

"Boss!" Liao Ting greeted Zhou Andong with a smile on her face.

Zhou Andong nodded: "I'm sending off Governor Qin; you guys go in first."

"Chairman Zhou, everyone is their own people, don't be so polite." Qin Hongbo stopped Zhou Andong from sending him off again: "You guys get busy."

"Alright!" Zhou Andong didn't insist anymore.

Qin Zhi glanced at the charming Liao Ting, his eyes flickered, and he moved his eyes away very reluctantly.

Shi Mengjiao, standing on the side, almost ground her teeth, snorted angrily, and turned to leave.

"Wait for me!" Qin Zhi couldn't care about talking to Zhou Andong, turned and chased after her.

Zhou Andong shook his head with a smile: "Let's go, let's go in and talk."

Returning to the reception room, Zhou Andong introduced Liao Ting, Li Ling, and Dong Qiyong.

"Little Lingzi, the Yangcheng complex project is negotiated. After signing, hand it over to the people below and immediately organize a team to go to Wancheng."

"Understood!" Li Ling agreed.

Zhou Andong looked at Li Ling; this girl grew up too fast, which he really didn't expect.

"And the business with the credit cooperative, the Yangcheng loan business can be given to them, and the Wancheng side will be handed over to the four major banks. As for how much to lend and how the four major banks distribute it, you decide for yourself."

Zhou Andong still knew something about the shareholding reform of the four major banks.

At the end of the 1990s, the total amount of non-performing loans of the four major banks exceeded three trillion.

Second only to Japan, whose economy was stagnant, ranking second in Asia.

Huge non-performing loans posed a serious threat to the operation of the domestic banking and financial industry.

Against this background, the center successively established four asset management companies directly under the State Council.

Specifically responsible for solving the problem of non-performing assets of the four major banks, stripping a total of about 1.4 trillion in non-performing assets.

However, stripping non-performing assets still did not touch the deep-seated contradictions of the bank's operation and management system, and could not fundamentally reverse the business predicament of state-owned banks.

According to the new five-level classification standard for loans, the balance of non-performing loans of the four major state-owned commercial banks was still as high as about two trillion yuan, and the non-performing rate reached 21%.

In the eyes of domestic and foreign investors, even this 21% figure was considered to contain water.

Therefore, China's state-owned banks were technically bankrupt, becoming big headlines in many international newspapers.

Many mainstream international and domestic media had very grim descriptions of China's finance.

For example, China's finance is a big time bomb that could explode at any time, China's commercial banks are technically bankrupt, etc.

Some people also pointed out that the proportion of non-performing assets of the four major banks might exceed 50%.

To a large extent, this made many people at home and abroad pessimistic about the development of China's banking industry, lost confidence, and foreign capital dared not enter China's financial industry.

Under these circumstances, for the domestic banking industry that had long been plagued by ills, it was a test of life and death.

At that time, all walks of life were generally worried about the competitive prospects of domestic financial institutions, and the problem of lagging banking system reform was increasingly paid attention to.

At the same time, the Asian financial crisis that broke out at the end of 1997 also sounded an alarm for China's fragile financial system.

Against this background, the country decided to launch the shareholding reform of large commercial banks.

And now it is only 1994, and there is already an intention for reform, which shows that the non-performing loans of the four major banks are already approaching the red line.

It's just that it hasn't reached the red line yet, and the top has intentions, but it's definitely not in a hurry.

So, this reform cannot be completed in three or five years.

After all, the reform of the four major banks in the previous life only started after the millennium. ===== CHAPTER 1782 =====