So several companies launched targeted actions.
The first to take action was Chen Xiao.
No matter whether it is the six major state-owned banks or numerous commercial banks, all the banks that Liu Bingchao had loaned money to have started self-inspection. They said it was a random inspection, but the main inspection was on these three banks, and at most a few unlucky ones were picked to make up the numbers.
As major clients of several banks, the three companies often receive preferential treatment. Because of their close relationships, they can simply provide acceptable collateral and guarantees when applying for loans. However, a closer look reveals these are clearly non-compliant, and the slightest issue will result in the loan being revoked, with no room for leniency.
All three have connections in banks, and when I asked around privately, the answers they gave were all very official: "We are conducting random checks on lending in accordance with the requirements of the relevant higher authorities."
Anyone with a reasonable degree of wit would understand that this was a serious matter, requiring strict enforcement even at the capital branch level. As for inquiring further up the chain, it was reportedly a notice from the China Banking Regulatory Commission, but no one dared to reveal the specifics.
Not all old loans will be recovered, only those with problems will be recovered. New loans will not be withheld, but they must strictly follow the procedural requirements.
For a company, the use of every penny is planned. If a lot of money is suddenly missing, the normal production and operation of the company will be affected.
The one most affected was Zhao Junjia. It is well known how high the debt ratio of real estate companies is.
This is not the end. To make matters worse, the housing and construction department also began to conduct random inspections on the houses built on the land used by Zhao Jun's family.
If real estate developers strictly follow regulations and blueprints when building houses, it's not that they're not making money, they're just doing charity. So, when we investigate, all sorts of problems come to light, and the relevant departments are very understanding, and they just need to rectify the situation within a certain time limit.
The key point is that the bank loan has been recovered, and it is definitely impossible to get a loan again. No one in the circle wants to borrow money. The capital chain is broken, and you can't make corrections even if you give him a year.
Of course, if construction on pre-sold properties were to be halted, ordinary buyers would undoubtedly suffer losses. Gu Shuanghui had already made arrangements for this. As long as there was a court ruling and approval from relevant authorities, Guoxing Group's subsidiary real estate company would immediately take over.
The court's ruling takes time. During this period, Guoxing Group will compensate buyers who get the house late, and will refund them immediately if they want a refund.
But in fact, no one was willing to get a refund. The house that was originally developed by a local developer was suddenly taken over by a nationally renowned developer, and the house price immediately increased. Who would be stupid enough to get a refund?
Liu Bingchao's family's import car business was suddenly halted, allegedly for a qualification review. The Liu family contacted others, but they were told it was a directive from higher authorities. They didn't know the specific reason, but simply complied.
With no other options left, they had to submit their documents, which could take a long or short time to review. Not only could cars in stock without proper documentation no longer be sold, but even those already shipped couldn't clear customs, adding up to a significant loss every day.
Several automakers simultaneously informed the Liu family that they wanted to buy back their shares. Compared to the size of the automakers, the Liu family's stake was small, and various restrictions had been placed on their initial investment, so they couldn't sell now.
Of course, the car company paid money to repurchase shares, but the Liu family had no place to invest the money because his 4S store also had problems.
4S stores sell cars, but the brands they represent find all sorts of excuses to make things difficult for the Liu family. They terminate contracts with those whose contracts are about to expire, increase sales targets for those with longer contracts, or hold back on best-selling cars.
Of course, these car companies did not suffer any loss, because Guoxing Group came to them and provided money and land to build 4S stores for these car companies to use for free for ten years. It is self-evident what choice they made.
Wang Minjia’s chain restaurants and brand stores such as milk tea all have their own material suppliers. Centralized supply can reduce costs and ensure the quality of materials.
But suddenly, these suppliers stopped supplying goods. Although they were compensated according to the contract, the compensation was only a few dollars. Afterwards, no matter which major supplier the Wang family found, no one would accept the order.
How can a store stay open without a source of ingredients? You can't just ask the chef to go to the market and buy them, right? The hallmark of a chain store is that the food tastes essentially the same. Wouldn't it be ridiculous if each store had its own unique flavor?
That's not all. A major food safety inspection has begun, but why are they targeting all the brands under the Wang family? You can't do anything about this. If you are upright, you have nothing to fear. If you are afraid of being inspected, it means there is something wrong with you.
At the same time, Gu Shuanghui also took action. He used the same old trick of throwing money at your store and opening the same store next to your store. He would sell the same thing for 80 cents instead of the price you paid for it.
The three companies had a total asset of over 35 billion. With the help of Chen Xiao and other families, Si Mingyu was ready to burn 10 billion. Could he get rid of them? In fact, there was no need for so much.
The Zhao family was the first to fall. After their funding chain was severed and they failed to complete rectification within the deadline, they were forced into liquidation by the relevant authorities. A real estate company with total assets exceeding 10 billion yuan is simply not worth mentioning in the capital, and it's easy to liquidate it.
Of course, after all, the Zhao family has been in the business world for many years, and they also have other industries as a backup. It is estimated that there will be several hundred million left in the family in the end.
Next was the Wang family. They had a shortage of raw materials and faced competition from outside. Although they urgently contacted some local food suppliers, not only were the prices higher, but the quality was also different from before.
The first to go bankrupt were several milk tea brands. There was already a lot of competition in the industry, and now another competitor has emerged. Subsequently, chain restaurant brands began to close stores on a large scale due to food safety issues.
Of course, the Wang family can still hold on for a short period of time, but the question is how much money are they willing to throw in when faced with a certain death?
After all, the Liu family received a lot of money from the car companies to buy stocks. The closure of the 4S stores means that they will not sell cars and will not make money, so the loss of money is not that much.
But his family was in the car import business, which wasn't very formal in the early years, so tracing back to its roots would always reveal something. Unfortunately, when the Liu family started out, they did import luxury cars from Hong Kong, tax-free.
So, with the evidence conclusive, several members of the Liu family, including Liu Bingchao's father, were arrested, and their illegal gains were sealed. What awaits them is a just trial and a huge fine.
Besides, these three companies are now in a state of decline and it is clear that they will never be able to recover. As the saying goes, when a wall falls, everyone pushes it. There are many people who want to come up and step on it.
This series of events shocked all circles in the capital and even had an impact within the national business community. Liu Bingchao, Zhao Jun, and Wang Min also earned the nickname "Beijing's Three Scammers."
And this is not the end of the matter. Gu Shuanghui arranged a special task force to continue to "pay attention" to these three families. The reason was not for anything else but to find out whether they would live well in the future. If they were too comfortable, he would find something to do for them.
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