Qingquan has participated in large-scale fundraising loans from individuals to enterprises, which has made the local banking system unable to absorb residents' deposits at all and has no way to release loans.

Therefore, whether it is the five major banks such as Bank of China, Industrial and Commercial Bank of China, Construction Bank, Agricultural Bank of China, Bank of Communications, or the local urban commercial banks in Qingquan or the rural credit cooperatives, they are struggling in Qingquan and have difficulty in operating.

After the New Year, Qingquan City Commercial Bank carried out shareholding reform. Dashang Capital, nine companies including Xinruicheng, Shilong Group and Guobang Real Estate injected 1 billion yuan in capital in exchange for 80% of the shares. However, three or four months later, Qingquan City Commercial Bank has absorbed only 300 million yuan in addition to the settlement of business funds of various companies in Qingquan.

Even if all these deposits are loaned out and no bad debt is generated, they can only generate interest spread income of three to four million yuan a year.

However, once the private fundraising and lending bubble in Qingquan City is pierced, the first benefit will be Qingquan's banking system. At that time, large-scale funds will return to the banking system in the form of residents' deposits, promoting the real development of Qingquan's banking industry.

Domestic people still have natural trust in the five major banks, but how many deposits can Qingquan City Commercial Bank get at this time is to make great efforts to do its work.

Theoretically, based on the core capital scale owned by Qingquan City Commercial Bank at this time, the total scale of asset lending in the future can reach about 25 billion, which means that the deposits of urban and rural residents that need to be absorbed must be above this number.

By that time, the capital invested by Chen Li and his team at the end of the year could be reaped considerable returns.

Now that it is time to break through the Qingquan fundraising and lending bubble, Chen Li naturally needs the commercial bank to make full preparations for the laying and publicity of outlets in advance.

When he got home, Chen Li said to his second uncle Chen Biao and Chen Cheng: "If you take down the bearing factory, if you lack working capital in production, you can find a commercial bank to solve the problem. You don't need to borrow money from high interest rates. However, the funds loaned to you by the commercial bank has a clear purpose. Don't embezzle them to other places. At that time, the commercial bank will withdraw loans, and I will not ask for this love for you."

Chen Biao now takes out more than 4 million yuan of bearing plants, and it does require millions of working capital. If this money is borrowed from private companies, the financial cost will be too high at the annual interest rate of 20 to 30% that year. Chen Li spoke at this time and would be better if they could mortgage the full working capital from Qingquan City Commercial Bank.

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Chen Li learned from Xiang Qiuning that Nanhua Group would cut off its arm's hand and quickly recover funds.

This is not only a property in Nanhua Garden City, but also a comprehensive decision made after Nanhua Group deeply felt the bitter cold caused by the subprime mortgage financial crisis spreading to the country.

Nanhua's projects in various parts of the country, including the commercial and office buildings in the Nanhua New City in Shangdong New District, will carry out large-scale promotions at the same time so that the funds can be recovered as much as possible to cope with the more difficult situation in the future.

In the past few years, Nanhua Group has developed and built super projects similar to Nanhua New City in first- and second-tier cities such as Guangcheng, with as many as ten super projects. Currently, Nanhua Group's total assets are as high as 120 billion yuan, and its debt scale is about 60 billion yuan. In the past, the debt ratio of about 50% is nothing, but due to the rapid expansion in the past two years, Nanhua Group's cash reserves are somewhat exhausted, which is less than 10 billion yuan.

At this time, major domestic banks have begun to shrink their monetary policy. On the one hand, they control the issuance of new loans, and on the other hand, they focus on the trends of old loans. If there is any slightest blow to the grassroots or misappropriation of defaults, they will withdraw loans in advance. Nanhua Group's accounts payable and due debts are relatively large and dense in the short term. Therefore, Nanhua Group's extremely strong promotion this time is to recover 100 to 15 billion yuan of funds within one to two months.

At this time, it is no longer important whether the project can make a profit, and it is necessary to bear a certain amount of losses in a short period of time.

It can also be seen that even though Xiang Jingyi has slowed down in judging the situation, he is quite decisive and ruthless in making a decision.

Although this is a major decision made by Nanhua Group for the national market, the problems in Qingquan's real estate market are even more serious, so Nanhua Garden City has the greatest discount.

The floor price of Nanhua Garden City has reached 2,500 yuan per square meter. In addition to the construction and installation costs, operation and finance and the necessary taxes, the promotion price of new houses has dropped to below 5,000, which has already suffered a considerable loss, but Chen Li felt that Nanhua's decision was not wrong.

When the situation is critical, nothing is more important than surviving.

At present, in addition to ensuring that the two core high-end projects of Xinrui Star City and Jinchen Yueyuan are not affected, other projects have started to increase promotion efforts since the New Year, and also recover as much funds as possible at the cost of losing part of the profits.

Chen Li got the relevant news from Xiang Qiuning. Although Fang Yixin did not have such a direct source of information, the Nanhua Shangdu Branch held a meeting overnight to deploy this price reduction promotion, he also received the news as soon as possible. At this time, it was almost the early morning when Luo Rongmin had just returned to Shangdu from Qingquan.

Fang Yixin was always on guard against Chen Li's possibility of making some small moves, but he didn't expect that the most fierce knife would be the bloody stab of Nanhua Group.

He was sleeping in a daze. When he received the call, he suddenly sat up, shocked his snow-white body beside him trembled, and asked in a slight voice: "Dear, what's wrong?"

Fang Yixin ignored the concerns of the person beside him, walked out of bed barefoot, walked to the floor-to-ceiling window, looked at the neon lights that were not turned off all night outside the window, and repeatedly confirmed the authenticity of the news. Although Shangdu was already in early summer and had a small 20 degrees at night, Fang Yixin stood in front of the window and felt the chill coming up from his back.

After the New Year, Qingquan Xinrui City took the lead in reducing the price, reducing the highest-quality apartments in Binjiang New District to about 7,000 per square meter. However, since the unbuilt more than 800,000 square meters of Qingquan Xinrui City were closed down and not started, the projects that were completed and under construction were only about 700,000 square meters. After three months of significant price reduction and promotion, it has been almost digested.

Even so, as a group of developers followed suit and lowered prices, the property price in Qingquan's main urban area was directly adjusted to around 7,000, forcing Wanbang Jialong Riverside New City to open with the profit and loss line.

Even so, Binjiang New City only had a trading volume of 300 million in three months. Although April has not yet passed, it is expected to be only about 150 million in sales. With the sales of Jiangwan New City, funds can barely maintain operation, and may be able to drag through this real estate winter.

Who would have thought that the knife Nanhua stabbed was so cruel?

Nanhua not only significantly lowered the sales price of Nanhua Garden City, but also significantly lowered the new house price of Nanhua New City, located in the core area of ​​Shangdong New City to about 7,000 per square meter. It is expected that large and small properties in Shangdong New District will lower the prices, which will cause strong suppression on the two super-large projects of Wanbang Jialong Jiangwan New City and Binjiang New City.

Fang Yixin truly felt the severity of the situation at this moment, and he didn't care about the late night. He quickly pulled out several phone calls and informed the second uncle Fang Longmao and others.

After finally staying up until dawn, Fang Yixin, who had not slept for half a night, got dressed, washed up, and drove to the company.

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Fang Longmao, Gao Junmeng and Mu Zhirong have not been involved in the specific construction and operation of the project in the past two years. Wanbang Jialong is mainly led by Yu Xingwei and Fang Yixin, sent by Wanbang Real Estate, to lead Zhang Hongqing, Yang Chaolin, Liu Mukai and others in the operation. However, such a big thing happened, Fang Longmao rushed over from Luocheng overnight, and they also came to meet up early in the morning.

"Nanhua has made arrangements, and it may be that the price will be officially lowered in the next two or three days," Fang Yixin untied his neck tie, which was a bit breathless, and said, "If we decide to follow the price cuts significantly, Jiangwan New City will be adjusted to at least 5,500 yuan, and Binjiang New City will be adjusted to 4,000 yuan or even lower, so that the cash flow will not be completely exhausted, the flow will be cut off, and the speed cannot be slower than Nanhua."

"Can Wanbang Real Estate consider borrowing part of the funds to Wanbang Jialong?" Gao Junmeng was a little unwilling to give up and asked at Yu Xingwei, who represented Wanbang Real Estate.

If Fang Yi’s new price adjustment and promotion strategy was implemented, the loss was too large, and he always felt that the situation would not be too bad. If Wanbang could borrow some of the funds, the situation would be improved if they hold on for a few months.

"It's not that there is a problem with the Qingquan real estate market now, but the Qingquan real estate market is more serious. Wanbang needs to repay the total short-term debt that is as high as 20 billion yuan in one year. It may be more difficult to withdraw funds to supplement Wanbang Jialong." Yu Xingwei said.

As a real estate tycoon, Wanbang has a short-term debt of 20 billion yuan to expire, but he still shakes more than 20 billion yuan in cash. Even if the sales of project products in the later stage decline, there is no need to worry about any problems.

However, even if Han Zirui did not make a clear statement, Yu Xingwei knew in his heart that Wanbang would never be able to lend the precious billions of funds to Wanbang Jialong at a low interest rate to overcome the difficulties.

"It's better to reduce the price and recover part of the funds first depending on the situation." Fang Longmao said.

He knew that everyone was going to eat meat. Although Wanbang holds 30% of Wanbang Jialong's equity, it really needed Wanbang to invest huge amounts of money to save it. It was impossible for Fanglong Real Estate and Jiahe to not give up some actual interests.

"Considering the continued decline in transaction volume and sluggishness in the Qingquan real estate market, the price reduction and promotion effect may not be ideal. The three companies should also consider accurate one billion funds just in case." Fang Yixin said with a frown.

"Okay, we must make the worst plan." Mu Zhirong now regrets not cooperating with Xinchaorui. Seeing that Hu Guoming was booming in Dacheng Construction, in addition to holding shares in Xinchaorui City, Xinchaorui Commercial, Dashang Capital, and Xinchaorui Real Estate through Xinchaorui Real Estate, he also reduced his holdings from the listed Xinchaorui City in 2006 and 2007 to cash out 2 billion yuan. Mu Zhirong's intestines were almost regretful, but he has now fallen into the trap of Wanbang Jialong, and he can only bite the bullet and continue to carry on.

Fang Longmao looked at Gao Junmeng.

Gao Junmeng suffered a headache.

Fanglong Real Estate is a real estate company formed by Fang family and Gao Junmeng, and jointly holds 40% of Wanbang Jialong's equity. After Wanbang Jialong was established, there were only a handful of real estate projects independently developed by Fang family and Gao Junmeng every time Wanbang Jialong encounters capital injection, in fact, Fang family or Gao Junmeng raises additional funds in the name of Fengyuan Group.

Luocheng is a territory that the Fang family has been operating for many years. In addition to industry, there are additional real estate companies.

In recent years, Luocheng's economic development has not risen as fast as Qingquan, but it is still ranked third in the province. The city has promoted the construction of new cities on a large scale and the development of the real estate market is quite strong. This makes the Fang family's operation in Luocheng quite good, and it is not a big problem.

Fengyuan Group, the company in Gao Junmeng, mainly focuses on high-end automobile trade and automobile parts production. Although it has developed well in recent years, it has directly or indirectly received 2 billion yuan in capital injections for Wanbang Jialong. A considerable part of it is borrowing high interest rates. At this time, it has to continue to withdraw another 200 million yuan, which is really unsustainable.

"This is just a plan to make the worst, so there is no rush for the time being." Seeing that Gao Junmeng didn't say anything, Fang Longmao had no intention of urging him, he immediately turned to discuss other details of Wanbang Jialong's current difficulties.

At ten o'clock in the morning, the conference room was filled with smoke, and Yu Xingwei's cell phone on the table vibrated. He picked it up and took a look, and said to Fang Yixin: "It's Secretary Tao's phone number. Maybe Governor Zheng has something to come to me..."

"..." At this time, everyone was panicked by Nanhua's actions. I wonder what Zheng Cong had at this time, so he would bypass Han Zirui and look for Yu Xingwei directly.
Chapter completed!