Dealing with banks is a must for any business. The difference is that some people beg banks to borrow money, while others beg banks to borrow money.
The news that Si Mingyu inherited 80 billion yuan in assets in Hong Kong has long been spread. Ordinary people may just think that he is so lucky, while people in the banking industry are thinking about how to take over the financial services.
When Si Mingyu's grandmother, Ms. Li Yinghua, was alive, she did have a very good relationship with China Trust Bank. The taxes and fees for inheritance were all provided by China Trust Bank, but this was a business and the bank made a lot of money from it.
Now that Si Mingyu is in charge, it is hard to say whether this relationship can be maintained, after all, he is a shareholder of China Merchants Bank.
Forget about the 15 billion Hong Kong dollars loan. It was supposed to be for six months, but it was repaid in just over a month. Granted, they paid everything they were owed, but that wasn't what David Lu of the Hong Kong branch of China Trust Bank wanted. He wanted a loan.
However, Mr. Shi, the president of China Merchants Bank's Shanghai branch, lives a very comfortable life.
The branch of Dongya Mingyu Group borrowed 19.6 billion yuan, which greatly reduced the pressure on the loan business of the Shanghai branch.
The key point is that this loan is essentially risk-free. Would CMB consider a loan secured by CMB shares risky? Not to mention the two LNG tankers are paying back the loan at a rate of 1.4 billion yuan per month.
President Shi had repeatedly hinted to Si Mingyu over the phone that there was no need to rush to repay the bank's money; he could use the profits to expand his business. After all, at this rate, the entire debt would be repaid before the end of the year.
However, the majority of Si Mingyu's assets were stocks, with the remainder consisting of asset-light companies like trading companies and advertising and media companies. The only asset-heavy electronics factory wasn't expected to make a profit, so there was no need for a loan.
Some people may wonder, is it possible that such a large group company in Hong Kong does not have any debt?
Indeed not.
According to the will, Si Mingyu inherited the estate at the age of 21. Ms. Li naturally did not think that he could handle the debt dispute at his age, so she gradually repaid the debts as soon as she found that her health was not good, and in the end, all she was left with were high-quality net assets.
Therefore, the branches of major banks in Shanghai have already made Si Mingyu their biggest task target this year.
The first to take action was President Wang Shu of Shanghai Pudong Development Bank.
In the stock market war between Xu Group and Dongya Mingyu Group, Xu Yuande mortgaged a property worth 6 billion yuan to borrow 3 billion yuan, but ended up losing miserably and not getting a single cent back.
The biggest pressure on Wang Shu came from the fact that he had approved the uncollectible loan, and he was responsible for it. Although the entire process was flawless and the formalities were complete, the biggest problem was the inability to repay the loan, after all, it was not a small amount.
There are properties as collateral, but selling these commercial properties takes time and goes through the necessary procedures. Furthermore, this assumes that the properties can be sold successfully; if they can't, there will be even more trouble.
You should know that the Xu Group is not the only one in Shanghai that has mortgaged its properties. Other commercial properties that cannot pay back the money will also be auctioned. In terms of price, the Xu Group's real estate does not have much advantage.
At first, Wang Shu didn't think that Xu Group would lose in the stock market.
The Xu Group is worth nearly 30 billion yuan, of which the listed part has a market value of more than 20 billion yuan. Such a large scale cannot be shaken by ordinary institutions. Besides, Xu Yuande has invested tens of billions of yuan to push up the stock price.
Wang Shu also investigated through his own channels. At that time, there was no large-scale fund transfer among banks and financial institutions, so he judged that the other party wanted to make a quick buck and would not invest too much money.
After all, he had never expected Si Mingyu to actually invest 12 billion yuan in the stock market just to take down the Xu Group. Without borrowing funds from any institution, there would naturally be no record.
However, his personal relationship with Xu Yuande is also important.
For Wang Shu, he must come up with a result that he can report to his superiors to make up for this mistake, and it is more cost-effective to take over the financial business of the East Asia Mingyu Group than to attract the business of dozens of companies with a market value of tens of billions.
Of course, as the branch president, Wang Shu would definitely not take action himself right away, but would instead assign someone special to be in charge of the matter.
Group headquarters building, office.
"Hello, Mr. Si. Let me introduce myself. Liu Rou, Head of the Corporate Business Department at Shanghai Pudong Development Bank's Shanghai Branch."
She was not wearing her bank uniform today, but a simple Saint Laurent dress with CL red-soled high heels, hoping to make the meeting not seem too formal.
"Hello." Si Mingyu made a gesture for him to sit down.
After a few simple opening remarks, Liu Rou stated the purpose of this trip. It was not that she was too anxious to reveal it, but after a few words she had noticed that Si Mingyu was a little absent-minded.
"Mr. Si, our Pufa Bank can provide better services to local companies in Shanghai. Please allow me to take a moment to explain it to you." Liu Rou took out a laptop.
"Speaking."
Si Mingyu was indeed a little distracted, mainly because he had just received a call from Natasha before Liu Rou came. This young girl came to buy things under the banner of Zharlov Company again.
The key point is that things are different now. No one is selling the high-end chips she wants to buy. She will have to ask Wang Jianguo about this later to see what he thinks.
"Mr. Si, please take a look." Liu Rou had already placed the laptop on the table in front of Si Mingyu, but the other party didn't seem to want to look at it, so she had to remind him.
"Oh, please go ahead."
Si Mingyu came back to his senses, and saw a patch of white, but it didn't affect him at all. He was thinking about Natasha, and naturally compared the two, and the difference was immediately apparent.
"Mr. Si, this is the financial service plan our Shanghai Pudong Development Bank has tailored for your group company. Most importantly, you can enjoy the most favorable interest rates on loans..."
Liu Rou was quite confident in her appearance; after all, it ranked among the top three in the entire Shanghai branch, and she had even dressed up for the day. However, she was deeply frustrated to find that the same people who had previously been so eager to look away were now being ignored. She patiently explained her plan.
"Ms. Liu, your proposal is very good, but I still don't quite understand some of it. But it's okay, my financial director will take over this work."
After Liu Rou finished her story, Si Mingyu interrupted her.
"Mr. Si, if there is anything you don't understand, I can explain it in detail."
Since she is here, how could she not know about Bian Guohai, the financial director of Dongya Mingyu Group? That old fox cannot be moved by some small interests.
"It's settled. His opinion represents my opinion."
Si Mingyu called Bian Guohai over. She was just the head of the corporate banking department at a branch, and he was only meeting her to give face to President Wang Shu.
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