Hui Hongfang was surprised. If it was as Chen Chen said, such a matter was really not something she could decide. It was too big and she was not capable enough!
Now she is just the director of a business hall and a grassroots cadre within Qianlong Commercial Bank, earning 2,500 yuan a month from the company.
He was far from the chairman of Qianlong Commercial Bank ten years later.
"I... don't seem to be able to help much..." Hui Hongfang felt a little embarrassed.
She naturally knew that Hailu Group's investment in Commercial Bank was an opportunity, but this opportunity was too big, so big that she had no say in it given her current status.
Will the current board of directors listen to her, a business office manager?
Chen Chen smiled and said, "How do you know if you don't try? Let's give it a try. What if it works?"
Hui Hongfang suddenly thought of a possibility, was silent for a moment, and then shook his head and said, "I won't sell bank secrets to you. This goes against my professional ethics!"
As long as she is willing, she can help Chen Chen collect confidential information of commercial banks, so that Chen Chen can gain an advantage in negotiations with the banks.
"You're overthinking it. You're just a small business hall manager, not even a branch manager. What confidential information could you possibly possess?" Chen Chen said, "But having professional ethics is great. Don't worry, you can help us with a little bit of work. Just monitor your internal reactions to our investment, and then do your best to demonstrate your value. I'll see!"
"You're the future chairman of a commercial bank. Is there anyone more suitable for this position than you? The commercial banks right now are having a tough time, right? They're squeezed by the triangular debt and the pressure from the big four state-owned banks!"
Chen Chen originally had not thought about investing in a commercial bank. Even if he had thought about it, he had no chance and no channels to inquire about the news!
Hui Hongfang actually reminded Chen Chen that it was possible to invest in commercial banks. In 2000, small banks like these were having a hard time, as the triangular debt problem had created a large amount of bad debt.
Chen Fei did not say anything. It was enough to listen to Chen Chen's true feelings. Since his son said so, he must be sure.
There is state capital behind the commercial banks, but the state holds a small stake, just a token of its own. The remaining shareholders are seven local companies.
Since Chen Chen had no intention of letting Hui Hongfang be a spy, she let go and comprehensively introduced the basic situation of the business operations to Chen Chen and Chen Fei!
This is not a secret. Chen Fei can find out by asking someone to check it out. But if she tells it out, Chen Fei won't have to waste his time.
"I've also heard rumors that several companies are dissatisfied with the bank and are planning to withdraw their shares, but no one has taken over!"
"Why?" Fade Chen asked.
Hui Hongfang smiled bitterly and said, "Since I joined the company, we've been making almost no profit. A few years ago, we participated in the financing of Highway 032. I thought it was a good investment, but unexpectedly... Highway 032 was halted at Fenghuangling. The highway was closed, and the investment failed..."
Failure naturally results in book losses, and shareholders have no money to share!
[The Phoenix Ridge Tunnel is a huge project, but if the highway is completed, it will definitely make money.]
Qianlong Commercial Bank originally had a weak foundation and invested 500 million yuan in Highway 032, which brought huge losses and made the board of directors vomit blood!
Originally there were only more than 3 billion in deposits, and the book loss alone accounted for one-fifth of it, plus other corporate bad debts.
It's a miracle that the bank hasn't gone bankrupt yet. Chen Chen felt that this bank is worthless now.
[Rich people can only make money easily...]
Chen Chen also sighed, looking at how he dared to target the bank now.
After listening to Hui Hongfang's introduction, Chen Chen said, "You can go back now and think about how to help us acquire the bank's shares."
Chen Chen waved his little hand and jumped up immediately when he saw Hui Hongfang go out. He was just trying to remain calm in front of Hui Hongfang. In fact, he was so happy that he wanted to die.
"Dad, we must get it. If we miss this opportunity, we will never have it again!" said Chen Chen.
"Are you sure? That's a bank..."
Chen Fei felt that the banking industry was very prestigious. Wasn't it said that banks belonged to the state? Could private individuals also invest in it?
Chen Fei felt a little guilty. You said he had no problem doing business, but who knew anything about banking?
"Dad, if we want to expand our company, we can't do it without the support of a bank. We can maintain the company's development without a loan now, but in the future, a loan is inevitable!" Chen Chen said, "Anyway, we need a loan, so let's prepare now. With a bank, we can completely use it as our financing channel. We won't have to look for loans from others in the future."
Is banking for the interest? It's not about whether it's good or bad. It's about the licenses, online banking, virtual payments. Through bank investments, you can quickly integrate the industry chain. You don't have to build everything yourself; you can just buy whatever you need. Chen Chen didn't actually understand how capital worked. He was a computer whiz, and his expertise lay in creating a new world with code, not building a kingdom with money.
But he is just a child now, and Chen Fei is also growing rapidly. As the company grows, it will encounter countless economic problems during the development process. This process is an opportunity to practice and learn financial knowledge, which is enough for them to grow rapidly.
Chen Chen didn't understand the operation of the financial system, but there were many masters in the short videos of later generations. Although it sounded ridiculous, they just processed it falsely, and the essential ideas they expressed were still based on finance. Therefore, Chen Chen knew some things about capital.
A bank’s biggest profit does not come from interest on loans, but from the rapid operation of financial investments and cash flow, as well as leverage.
For the time being, Chen Chen has not thought about using leverage as the company's strength is still small. Chen Fei also agrees with this. Communicating with Chen Chen will help him understand Chen Chen's ideas, and he can also get inspiration from the conversation with Chen Chen.
"Having a bank as our stable source of financing can indeed ensure the safety of our funds!" Chen Fei agreed, but running a bank is not an easy task. "I just checked, son, banks like Qianlong Commercial Bank have a lot of restrictions."
Commercial banks can only engage in commercial investment, and the amount of savings they absorb is regulated. The state deliberately controls the scale of such commercial banks, and the deposits that banks have to pay are much less than those of state-owned banks.
Commercial banks are unable to attract enough deposits and cannot compete with other banks in loan business. The loan interest rates of commercial banks are much higher than those of other banks. They are restricted from the very beginning.
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