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Chapter 286: Funds are Tigers

Xie Haicheng did not come to Chen Huai's scum on such occasions, but casually talked to Li Gu, Yao Ronghua, and Zhang Jianhua about matters related to Haifeng Industrial. Xie Zhi made Sun Yalin angry and lost all his momentum, so he didn't say a few words when he was rectifying the wine. Song Bingsheng blocked Chen Huai once, and was so angry that he could only talk and laugh in front of Li Yaozhang and others to show that he didn't care about Chen Huai's words.

After drinking, Li Gu said goodbye and left. Seeing that this evil son couldn't listen to his words, Song Bingsheng wanted to leave without hesitation, so he followed Xie Haicheng and Xie Zhi to leave first.

Yao Ronghua and Zhang Jianhua stayed and listened to Chen Huai's introduction to some preparations that Meigang and related parties have already made for the new project.

At present, the State Council has issued a document requiring steel enterprises to invest in fixed assets, the proportion of self-raised funds shall not be less than 40%, and financial institutions shall strengthen lending management.

Although these regulations have not been strictly implemented locally, if you want Yexin Bank to release a huge loan of nearly 300 million to 400 million for such a large project, you must first convince them that this project is feasible.

There is no precedent in China to introduce second-hand steelmaking production lines from overseas, but they have not been widely recognized by the industry. The entire project looks quite risky. As a for-profit commercial institution, you must naturally see Meigang charge in front, so that Yexin and Bank of China can participate.

For more than a year, Yexin Bank has been the main collaborator of Meigang.

Although the specific implementation is responsible for Donghua City, Yao Ronghua has always been paying attention to it in the province. He is very clear about the rise of Meigang and the tempering and cohesion of the execution capabilities of Meigang management team under the leadership of Shen Huai.

However, Yexin Bank's business scale in Huaihai Province is not large, and it has only developed four branches, and the total deposit and loan business scale has just exceeded 3 billion. Yexin Bank decided to increase the total credit limit of Meigang to 12,000 next year, and the provincial bank has already given a lot of additional support; next year, it will add 300 to 400 million to Meigang's new projects to introduce overseas second-hand steel wires, which is far beyond the provincial bank's ability.

No matter how much Yexin Bank supports it, it is impossible to put all the business in a province on one company.

Therefore, Chen Huai also asked Yao Ronghua to help him contact other financial institutions in Xucheng in order to obtain more funds.

The domestic financial system has just undergone comprehensive reforms. When it comes to lending capabilities, China Communications Construction and Construction's five state-owned banks are the strongest.

Zhang Jianhua is the first one, the heads of ICBC, Agricultural Bank of China, Bank of Communications, and CCB in Huaihai Province, and Chen Huai has to take time to visit.

Li Gu talked at the banquet tonight and was very concerned about Meigang's development. He asked more specific questions about joint venture projects and new projects that introduced second-hand steelmaking lines from overseas, which shows that Meigang's rise has attracted the attention of Provincial Party Secretary Tian Jiageng.

Speaking of this, Chen Huai is still quite grateful to Li Gu.

With Li Gu's shrewdness, he naturally understood that as long as he attended today's banquet, he would take advantage of Chen Huai's momentum, but he didn't mind expressing his interest in Mei Gang's rise at the table, making people feel that they were separated from two factions with deep contradictions.

Just this point alone has a positive impact on Zhang Jianhua, the President of the Bank of China. Listening to Chen Huai’s introduction to Meigang and related projects, he has raised 100 million yuan in capital for the operation of the new project. He also said frankly:

"The total amount of funds that the five major banks can put in Huaihai Province next year will not exceed 10 billion. Now the five major banks have similar loan ratios to various industries. Within 10 billion, agriculture, forestry, animal husbandry, sideline fishery and other industries still have to occupy a small part of the investment in infrastructure such as transportation and electricity, which is the big part. Secretary Tian and Governor Zhao asked the five major banks to help solve 1.5 billion yuan of construction funds next year - how much do you think if you divide these pieces of money, how much can you still be left? The situation is OK, I guess that next year, the five major banks can place funds for enterprises across the province to expand production scale, which may be only 30 to 4 billion yuan. Now, there are too many people who have sent me the letter, so I have to give some money. Meigang’s project will use nearly 400 million yuan next year. To be honest, it is really difficult - you should think of a solution. It is best to apply to the provincial government for the provincial government to include the provincial government’s key construction projects next year through Donghua City, so that the five major banks have an excuse to put this money out..."

Chen Huai knew that Zhang Jianhua was talking about the truth, and also knew that Tan Qiping was still suffering from the 120 million yuan investment for the city steel mill. The new project could not be supported by him. Without the city, how could the new project be included in the provincial government’s key investment and construction projects? Mei Gang still has to solve the problem of funds by himself, and he only hopes to raise a little from the five major banks.

Speaking of lack of funds, not to mention that the central bank can solve the problem by launching enough machines to print money. Funds are just means to raise resources. If the resources are insufficient, the more money is printed, the more vicious inflation it will bring. Introducing foreign capital is actually to increase the ability to purchase resources from abroad.

This is also the fundamental reason why China attaches so much importance to investment promotion at this stage.

Saw Yao Ronghua, Zhang Jianhua, Chen Huai and Sun Yalin returned to the VIP room on the second floor, took the hangover tea made by Zhang Tuo, and said to Zhang Tuo and Shao Zheng: "It's too early, you go and rest first..."

Chen Huai walked out the window with a teacup in his hand, looking at the Yudai River under the night, and looking at Huaihai University of Technology across the river. He had four years of youth there, but unfortunately it was no longer the youth he had told others.

He has been around for more than a year and traveled to and from the provincial capital many times, but he has no time to go back to the campus to walk. As usual, he has no time to walk.

"Look at the way your second fool's father left, maybe waiting for you to smash the project, so I'll teach you a lesson," Sun Yalin walked over and stood on the windowsill. Her eyes as deep as the night sky looked at Chen Huai's tense face, and said, "Tan Qiping doesn't support you, but she won't do anything to you easily, but if Tan Qiping gets the support of your second fool's father and transfers you away, you won't even find a place to complain about the wrongdoing. To be honest, seeing your second fool's father doing this today, I'm a little worried..."

"Your father is the second fool's father!" Chen Huai smiled and scolded Sun Yalin, and couldn't help but smile bitterly. He was not afraid that Tan Qiping would act as his greatest support now, which was the identity of the Song family's children, but if his father thought he was annoying and inappropriate, he would get him away, and he really had no place to complain.

Chen Huai thought for a while and said, "The situation is not that bad. Even if Tan Qiping and my father are angry and angry, they should be jealous after the joint venture project is smashed. We should build a new project before the joint venture project is smashed, so that their faces are 'bang' and 'bang' sounds are 'bang' - do you think this is challenging?"

"You just want to build the project in one year. In addition to barely making up 100 million yuan, there is still 500 million yuan. Where do you go to raise it? Yao Ronghua is not helping, but he will give you another 100 million yuan in total; no matter how much he has, he will bet his seat; this is also a bit harsh on him." Sun Yalin said.

"It's nothing more than a fight," said Chen Huai. "I decided to start the project construction first, and raise funds while building. This will also give financial institutions more confidence and be useless to talk. You will have to work hard for the next year..."

Sun Yalin spread her hands. She has been living in China forever and is familiar with the industrialization of Western Europe. She has only arrived in China in the past two years. She is also dumbfounded by the rapid construction of domestic projects.

Many domestic regulations are not sound, and many construction projects are "three-sided" projects that "design, approval, and construction". In addition, there is currently no mandatory environmental assessment procedures in China, so the speed of start-up and construction is naturally beyond imagination.

A steelmaking wire with a design capacity of 400,000 tons or even higher is even a complete set of second-hand money introduced from abroad. In countries with strict requirements, the construction cycle of two to three years is considered fast from start-up to completion. Only under the current domestic context can everything be done within one year.

Of course, this extraordinary development scale must avoid major problems and have extremely high requirements for the construction and operation team.

As investors, they prefer extraordinary development. For them, the earlier they are built, the more they can adapt to market changes and the return period can be greatly shortened.

Sun Yalin said: "Yao Ronghua has already talked to me in private and thinks I should not be in the job at Yexin anymore. What kind of family did you think I was wrong? I was a good high-end financial professional, but I was going to instruct you to run errands?" Sun Yalin's private overseas company has been involved with Meigang for a long time, and the investment scale has become larger and larger. Now Yexin is going to lend money to Meigang on a large scale to avoid the suspicion of transferring interests. Sun Yalin has to withdraw from Yexin's senior position.

"Just just shout for justice!" Chen Huai disdained Sun Yalin's complaint, "Mei Gang's influence is not big enough now, so it is difficult to raise funds. But do you really double the price of your shares in Mei Gang to Song Hongjun, and see if he will take over?"

The indicators of Meigang’s first steelmaking line have stabilized in all aspects. As long as the market does not change badly, the net asset appreciation rate is about 100%, and loan sharks are not as fast as they can grab money. Sun Yalin complained, and Chen Huai ignored her.

"No matter what, you promised me today, don't be fooled," Sun Yalin said coquettishly, "In order to help you, Xie Zhi hates me to the core now. If I had known that there was such a trouble today, I should have watched her take the club and ruined you..."

Hearing that Sun Yalin wanted to catch "him" from the old story again, Chen Huai quickly took the teacup and fled from the VIP room to the room upstairs.

Although Chen Huai said he wanted Shao Zheng and Zhang Tuo to rest early, they were still chatting in the room. How could they rest before the leader rested?

Listening to Chen Huai and Sun Yalin returning to their rooms, Zhang Tuo stretched his arms, stood up and smiled at Shao Zheng, "I know what it means to have a relationship today. District Mayor Chen was still very low-key in Donghua before!"

Shao Zheng smiled, patted Zhang Tuo on the shoulder and said, "Let the staff below tighten their mouths. District Mayor Chen is unhappy. Some things are something that outsiders know about..."

"Don't worry about this, I will only continue to strengthen the confidentiality work."

Chen Huai is also troubled by the current conflicts and various interests, but for Zhang Tuo, the deputy director of the Investment Promotion District of Tangzha District and director of the Liaison Office in Xucheng, he is not only envious.

The president of Yexin Bank and the president of the Bank of China, according to administrative levels, must be bureau-level officials, the secretary of the provincial party secretary and the top leaders of the prefecture and city were asking for a meeting. On this inconspicuous day, Zhang Tuo returned to his own room and was very excited for a long time before falling asleep.
Chapter completed!
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