They are all reborn, and the grandson is still a spare tire

Chapter 182 Routines for transferring assets

Soon, it was around [-]:[-].

The ten deputy directors of the Finance and Economics Committee rushed to the Great Hall one after another.

Due to the relatively tight office space in the General Assembly Hall, even the deputy director of the Finance and Economic Committee only has several people using the same office.

The more numerous members of the Finance and Economic Committee work in the office building south of the General Assembly Hall.

We only come to the General Assembly Hall for group discussions.

Seeing Professor Ouyang and the others walking into the office, Yao Yuan quickly stood up from his chair and said hello to several deputy directors.

"Good morning, teacher, professors, I have met you all"

Professor Ouyang looked at him, then glanced at the orderly office, and nodded approvingly.

"Good morning, Yao Yuan, you did a good job."

The other deputy directors were also full of approval.

Because the nature of the work is very special and it is during the conference.

A large number of reports and proposals are placed in these offices every day, many of which contain highly confidential information.

No one is allowed to enter the offices of the Finance and Economic Commission without permission.

Everyone has been very busy these days. There are countless reports and proposals to review, so the office must be very chaotic.

Seeing this situation, Yao Yuan simply took up the task of cleaning and organizing the office.

After finishing work every night, he would quickly tidy up the entire office before leaving.

But he only tidied the public areas and never touched the desks of several deputy directors, no matter how messy the documents and materials were on the desks.

Everyone's reading habits are different, and messing with things on other people's desks may be counterproductive.

Several deputy directors in the same office praised Yao Yuan's behavior very much.

The deputy directors in other offices are very envious.

Their office is messy every day, but it's not as neat and orderly as here.

While talking, several deputy directors had already sat down on their office chairs.

The next moment, Yao Yuan asked with a smile:

"What kind of tea would you like to drink today? I brought a can of the best Dongting Biluochun. Can you guys try it?"

Several deputy directors looked at each other and smiled, then nodded in unison.

"Then try the Dongting Biluochun you brought, Xiao Yao, you are so smart and adorable!"

"With your kid helping in the office, everyone feels a lot less worried. The conference is much more comfortable than in previous years."

Yao Yuan smiled softly and said a few polite words.

"Thank you for your compliments. I am a junior and these are what I should do."

While he was talking, he had already made tea and delivered it to the desks of several deputy directors.

Then he returned to his desk and sat down on the chair.

Afterwards, everyone drank tea and chatted.

"Yao Yuan, I believe you have also seen the article published by Liu Shu from the University of Finance and Economics in the Economic Daily. Teacher Liu is still as sharp as ever!"

"Some of the views she mentioned in this article on strictly controlling lending to overseas-controlled real estate companies are very similar to the views you raised at the economic and financial conference last year."

"What do you think of Liu Shu's article? What do you think of the overseas holding of real estate companies? Tell me your opinion. I'd like to hear it."

A deputy director asked with a smile.

This person is the dean of the School of Finance of the Renmin University of China and one of the top financial experts in the country. The questions he raised are naturally very targeted.

Following his question, all the deputy directors in the office looked at Yao Yuan.

He looked at Yao Yuan again, thought for a moment, and then began to answer.

"Professor Guo, I have just read carefully the two articles that Teacher Liu Shu published in the newspaper today."

"We had serious communication about the issues and viewpoints mentioned by Teacher Liu Shu in these two important articles years ago."

"Only the overseas holding of domestic real estate companies, I think it is a huge loophole that needs to be plugged in time to avoid huge irreparable losses."

"Everyone knows how domestic real estate companies operate. Each company has a large amount of debt and even operates with negative equity."

"The source of these debts is either loans from major domestic banks or the purchase money of countless people. There is no room for error."

"In this case, some real estate company owners set up companies in international offshore financial centers to control domestic real estate companies, which is extremely risky."

“When I was interviewed by reporters before entering the General Assembly Hall just now, I told those reporters that this would lead to the overseasization of assets and the domesticization of debts..."

Like the reporters outside, several deputy directors were also shocked by Yao Yuan's words.

In particular, the concept of overseas assets and domestic debt is so new and sharp.

Without exception, the eyes of several deputy directors lit up.

The next moment, a deputy director asked enthusiastically:

"Yao Yuan, talk about what is the overseasization of assets and the domesticization of debts. This term is so new. This is the first time I have heard it."

Immediately afterwards, another deputy director continued:

"As for the overseas holding of domestic companies, it is very common now. Isn't this done to facilitate listing overseas?"

Yao Yuan looked at the two deputy directors, then smiled and said:

"To better illustrate this problem, let me give you an example. For example, I am the boss of a real estate company, carrying hundreds of billions of debts through various means, or even more."

"I will register a company in the Cayman Islands, an offshore financial center, and then through layers of nesting, control domestic real estate companies, and try my best to get the company listed in Hong Kong."

"Next, I can turn huge bank loans into profits by inflating profits and paying large dividends, stay in Hong Kong through dividends, and successfully complete the transfer of funds."

Several deputy chairmen exchanged glances quickly, and then nodded in unison.

"Using this method can indeed cover up people's eyes and transfer large sums of money out."

"You have a sharp vision. You can see this. It's very good."

Yao Yuan nodded politely and continued his performance.

Next, he told all the tricks played by some so-called real estate tycoons in his previous life.

For example, a large amount of money was borrowed from an overseas bank, but the repayment was done by a domestic real estate company. The repayment object was the domestic branch of the foreign bank, completing a large transfer of funds.

For example, you can issue U.S. dollar bonds overseas and purchase your company's U.S. dollar bonds overseas through trusts and other means to complete the transformation from debtor to creditor.

In this way, once the company goes bankrupt.

According to the principle that debt is superior to equity, it can eat up all the high-quality assets of the company, but can use bankruptcy liquidation to get rid of all debts and transfer all assets overseas.

"what!"

There was an exclamation in the office, and several deputy directors were frightened.

They all stared at Yao Yuan in astonishment, their eyes filled with disbelief.

While they were shocked, their expressions became more and more solemn.

Through Yao Yuan's example, they all realized the seriousness of the problem.

When Yao Yuan finished speaking, the office suddenly became quiet, leaving only the sound of heavy breathing.

A moment later, a deep voice suddenly came from the office door.

"It's very exciting, Xiao Yao. This is exactly what I said. Now it seems that this is indeed a big loophole and we must find a way to plug it."

"These two articles written by Teacher Liu Shu seem to have been published very timely and pointed out the problem. They are worthy of the title of female fighter."

With that said, the director of the Finance and Economics Committee walked into the office.

Seeing the director come in, everyone stood up and said hello to the director.

Yao Yuan said a few polite words.

"Good morning, Director Fu, thank you for your compliment. I am so ashamed of myself."

Before he finished speaking, Director Fu came closer, patted his shoulder gently, and said with admiration:

"There is nothing that we should not do. Since we are young people full of vigor, we must have the spirit and responsibility of young people!"

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