Chapter 107: Lowering Her Head Slightly, Gently Biting with Pearl-like Teeth

Wang Chuan turned his head and said, "President Xin, I am not familiar with the overall situation of Yuansheng Group or its funding gap. I will just speak off the cuff; cash flow pressure is nothing more than opening new sources and cutting costs."

"Regarding cost-cutting, optimizing within the group and temporarily slowing down land acquisition and project advancement are things you are surely already doing."

"As for opening new sources, regarding compliant and legal paths combined with current policies and the market, I have a few immature ideas; please just listen to them."

Xin Yuansheng, whose body had originally been leaning against the back of the rear seat, leaned forward slightly, his eyes sharpening.

This medical school student not only knew about the August 31 deadline and Document No. 121 but could also speak fluently about cash flow solutions? Is this the vision a fifth-year clinical medicine student should have?

A few days ago, he would have kicked this kid off the car, calling him a little liar; today, for Xu Yuntao's sake, he would just listen.

Beside him, Xin Chanxi looked at Wang Chuan's confident profile in surprise.

Wang Chuan spoke up: "The first is to accelerate turnover and speed up pre-sales. Policies have blocked the banks' money bags, but they have not blocked the people's enthusiasm for buying houses, especially in a city like Mingzhou. The quickly recovered pre-sale funds are the most direct and compliant 'living water'."

Xin Yuansheng had already started executing this plan. "I have already advanced the pre-sale method. What else?"

He thought, this kid is not bad, his ideas align with the company's project managers, but since he is a medical student, he is even better.

Wang Chuan paused for a moment and continued, "The second is 'equity in name, debt in reality,' signing agreements with some investors where the form is equity investment."

"But embed strong repurchase clauses, fixed income commitments, priority dividend rights, and asset mortgage guarantees within the agreement. On the surface it is equity, in substance it is debt."

Many real estate companies in later eras liked to do this, and the Banking Regulatory Commission repeatedly issued documents to ban it.

Two years later, in 2006, the 'Notice of the China Banking Regulatory Commission on Further Strengthening Real Estate Credit Management' first explicitly stipulated that 'methods such as investment with repurchase commitments' would be treated as indirect real estate loans for supervision.

Xin Yuansheng nodded slightly; this was actually a way to circumvent the overall control on banks granting loans to real estate enterprises since 2003. He pondered in his mind which investors might be willing to participate.

"Wang Chuan, please continue?"

Wang Chuan thought for a moment and said, "President Xin..."

Xin Yuansheng suddenly interrupted Wang Chuan's speech. "I am friends with your uncle; from now on, just call me Uncle."

Wang Chuan thought to himself, 'Can I call you Father-in-law?'

"President Xin, does the group have any assets without mortgages and with good cash flow? For example, malls or commercial shops."

"Yes, there are three Yuanmao Malls in Jiang Province in total, with very good annual cash flow. Additionally, there are dozens of commercial shops, most of which have lease agreements with at least five years remaining."

Wang Chuan hesitated for a while before continuing, "Then the revenue rights of these assets can be securitized. Entrust the asset package to a professional institution and issue senior and subordinated beneficiary certificates to raise funds."

The reason for the hesitation was that in October 2004, the Securities Regulatory Commission only issued the 'Notice on Relevant Issues Concerning the Pilot of Asset Securitization Business by Securities Companies.'

According to the notice regulations, the underlying assets must be property rights that can be legally transferred and generate stable cash flow, such as revenue rights and creditor's rights.

If the underlying asset is a revenue right, it must meet the following: the source complies with laws and regulations; it possesses independent, authentic, and stable historical cash flow records; and future cash flows are predictable with a stable trend.

Wang Chuan said one last sentence: "In practice, it is simply selling future money to others at a discount. One obtains cash in advance. There is currently no legal prohibition on this practice; whether it is feasible may require reporting to regulatory departments and discussion with professional institutions."

After speaking, silence fell briefly inside the car.

Only the low roar of the Mercedes S600 engine and the flowing lights of the city outside the window remained.

Xin Yuansheng's inner shock was beyond measure.

Some of these suggestions he had already executed himself, and some he was preparing to execute!

He had never heard of asset securitization or asset packages.

"Wang Chuan..." Xin Yuansheng spoke slowly, his tone complex, carrying disbelief and a hint of appreciation, "Where did you learn all this? Does the Medical School teach this?"

Wang Chuan smiled, his tone relaxed but flawless: "President Xin, you flatter me. I just pay close attention to financial news and policy changes in my daily life."

"Regarding specific operations, professional financial advisors and legal teams will definitely be needed to implement the details and avoid risks."

Xin Chanxi looked at the 'seen a ghost' expression on her father's face, then at Wang Chuan's steady and calm demeanor.

Her heart was filled with pride and curiosity; how many secrets did her Brother Wang Chuan hide?

Xin Yuansheng took a deep breath, and his gaze at Wang Chuan changed completely.

This young man was not just resourceful; he was simply unfathomable!

His slight 'favor towards Wang Chuan' instantly turned into strong interest and a hint of caution. Did this kid approach his daughter... was it really just a coincidence, or did he have other motives?

However, at this moment, the plan proposed by Wang Chuan was indeed like a beam of light in the darkness, providing some clear ideas for his desperate cash flow predicament.

"Good! Good! Good!" Xin Yuansheng said the word 'good' three times in a row, and his previous irritability seemed to have faded considerably.

"Wang Chuan, your ideas are very valuable! Extremely valuable! I will study them first; another day... no... in the next few days, let's discuss the details properly! You must make time!"

"President Xin is too polite; it is my honor to be able to help a little. As long as time permits, I will definitely cooperate," Wang Chuan replied appropriately.

The car stopped smoothly at the main gate of Mingzhou First Hospital.

Wang Chuan politely bid farewell and got off the car.

Xin Chanxi rolled down the window, looking at him with sparkling eyes, silently saying goodnight.

The Mercedes merged back into the traffic flow.

Xin Yuansheng leaned back in his seat, watching the streetlights recede outside the window, his fingers unconsciously tapping the armrest, Wang Chuan's words from just now echoing repeatedly in his mind.

Wang Chuan walked into the corridor of the Intern Dormitory and took out a photo Xin Chanxi had given him before getting off the car; she had asked him to carry it with him.

In the photo, Xin Chanxi wore a loose hooded jacket with a classic black-and-white design on the outer layer and a bright pink tone for the lining.

Her black shoulder-length hair clung softly to her cheeks, with the ends naturally curled inward, forming a soft arc.

The most striking feature was those lively apricot eyes.

In Xin Chanxi's photo, she made a gesture.

She lowered her head slightly and lightly bit the white drawstring on the front of the hoodie with her pearl-like teeth.

'So cute, Little Cat Xin!'

Wang Chuan walked into his dormitory and heard Li Wei say, "Wang Chuan, tomorrow is your last day interning in the Emergency Department; I... I am going to take over your shift."

"Can you give me some advice?" Li Wei asked, grabbing Wang Chuan who was picking up a Basin and preparing to go to the restroom.

Wang Chuan smiled and said, "What kind of advice do you want? slacking off and killing time, or hands-on operations?"

Li Wei asked, "Slacking off. Uh~~~, forget it, just tell me everything!"

"For slacking off, find Doctor Sun Ke; he won't give you many opportunities to operate; for many hands-on opportunities, find Attending Physician Zhang Yang."