Anyone entering the visitor lounge of the East Asia Mingyu Group might wonder if they've arrived in the wrong place, as a group of people from six banks—SPD, CITIC, GF, Minsheng, Everbright, and Hua Xia—are gathered there, including the credit department directors. Someone uninformed might mistake the China Banking and Insurance Regulatory Commission for a meeting with the banks' credit departments.
The cause of the incident was the establishment of East Asia Mingyu Integrated Circuit Manufacturing Co., Ltd. Si Mingyu had to take out a loan to invest 120 billion yuan, and because the investment in chip production was a sure win, many banks wanted to lend him money.
For some reason, official banks were not involved in this matter, so commercial banks suddenly lost half their competitors. Under these circumstances, the presidents of the six banks' Shanghai branches issued a strict order to the credit department heads: the banks would provide all resources, but the loan must be secured.
The presidents of various branches called Si Mingyu to build relationships, hoping to get him to meet their credit department directors. Yes, that's what they call a bank knocking on your door, begging you for a loan.
Si Mingyu, of course, didn't have time to meet with everyone individually, so he arranged for everyone to meet on one day. He'd heard of procurement bidding, so he'd hold a loan bidding today and choose whichever company offered the best conditions.
The reason why we are taking out a loan now is because the initial funds were all contributed by Penguin, Ali and other shareholders. I have to show my appreciation for helping you make money.
As for China Merchants Bank, Wang Qinqin has an office here so she doesn't have to squeeze with other colleagues, but she is indeed under the greatest pressure among everyone.
Si Mingyu had previously borrowed 5.5 billion yuan from China Merchants Bank to acquire shares in Peacock Feather Cosmetics. This was included in Wang Qinqin's performance, earning her a substantial bonus. However, Si Mingyu soon inherited Guoxing Group, and the loan had long since been repaid, meaning he no longer owed any bank money.
So things went back to the starting point, and the Shanghai branch of China Merchants Bank had to deceive Si Mingyu again, no, ask for a loan.
With the establishment of the chip company, isn't this just a gift? So President Shi personally called Wang Qinqin to assign the task, roughly meaning, "Those who are close to the water get the moon first. No matter what, you have to get this loan order."
Wang Qinqin agreed verbally, but her heart was filled with bitterness that she couldn't express.
She got an office in the group building because of her fruitful early work, but the problem was that Si Mingyu used to be low-key, but with the increase in exposure and fame, people now know him wherever he goes, so many of the original things no longer need her to arrange in advance.
For example, if there were no seats available in a restaurant before, Wang Qinqin would use the privileges of the China Merchants Bank black card to arrange one. Now, you can just scan your face, and the boss will have to find one even if there are no seats. No one in Shanghai dares to neglect Si Mingyu.
This is because, along with his reputation for philanthropy, his ill-tempered and vindictive nature has spread. Several Shanghai businesspeople have been driven to exile by Si Mingyu over minor issues. The key is that he doesn't resort to shady tactics, simply throwing money at industry competition, and no one can say anything.
Now everyone has the same idea: there is no need to provoke Si Mingyu and make things difficult for themselves.
So Wang Qinqin was practically forgotten now. It wasn't that she didn't want to try other methods, but normally at least one of Zhang Ningxi and Lin Shirui was with Si Mingyu, so even if she had an idea, she wouldn't dare. And now with a new pair of twins, she had even less chance.
"Everyone, please follow me to the conference room. Mr. Si will meet with you there." Baili Feixue stood at the door and informed the people in the room.
So the credit department directors of each bank immediately took two or three of the most beautiful employees in the bank and followed the other party to the meeting room.
The elites in the industry all knew what Si Mingyu was planning when they saw the current situation. All the previous preparations were useless. Besides competing for preferential loan conditions, they had to compete on the quality of the employees.
Appearance is also the most important quality of an employee.
"Please take a seat, everyone." The nameplates of various banks had already been placed on the conference table, so everyone just had to find their own bank.
Si Mingyu glanced at the representatives of the seven banks and said, "You all know the whole story without me having to explain it. It was all the presidents of the various banks who called me. It would be bad to neglect any of them, so I invited everyone here today."
After a pause, he continued, "I'm a businessman. We're businessmen. Regarding the 120 billion Chinese Yuan loan, please write down the terms you can offer from each bank, and I'll choose the most suitable one."
Because they had been informed before, seven banks including Wang Qinqin were already prepared. After the on-site staff received the paper with the loan conditions, they entered the pre-prepared shared document on the spot to form a comparison table.
Financial Director Bian Guohai and staff from the finance department were also present. They compared the conditions given by each bank based on the contents of the table and selected the one that was most beneficial to the group company.
Wang Qinqin was fine; she'd known Si Mingyu for a while. The other female employees from the other six banks were shocked by the scene. They hadn't expected someone to borrow money from a bank and pay it back so recklessly, like it was a talent show.
You know, other companies seeking bank loans not only have to meet their own qualifications but also resort to offering gifts and entertainment to secure a quick loan. But they knew that the next-day loan was merely the most insignificant clause on paper. Yes, with Si Mingyu's nod, they could sign the agreement first and then release the loan; collateral and other matters could be discussed later.
It seemed unbelievable to them. This was 120 billion yuan. Even for 1.2 million yuan, the bank had never offered such "convenient" terms to anyone before.
It wasn't their fault, after all, their information was limited. Even the head of the credit department didn't understand why the bank was doing this; they were just following instructions. However, the presidents of the various banks had received word from the head office that the chip company would definitely be established, and the loan would be repaid, whether or not it was secured.
If it is not a sure profit, why would the bank president make such demands on the credit department?
As Bian Guohai stood up and handed the written paper in his hand to Si Mingyu, the hearts of all the bank credit department directors present were in suspense.
"That's it." Si Mingyu said after looking at it.
"Ahem." Bian Guohai cleared his throat and announced, "Guangfa, Minsheng, Everbright, and Huaxia, please leave. I'm very sorry for not being able to cooperate with you this time."
The faces of the four credit department directors whose names were called turned very ugly instantly. They didn't know how to face the bank president after they returned after failing this time.
It’s no wonder they did that. Although they conducted a detailed investigation before coming here, their bottom line was not as low as that of the other three companies.
Si Mingyu had dealt with China Merchants Bank and CITIC Bank before, and Pufa Bank was a local bank with more sources of information, so the conditions offered by these three banks were obviously better than the other four, so they were naturally retained for the second round of negotiations.
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