If you cheat, money will follow

The establishment of AMC Financial requires the following conditions:

First, the registered capital is not less than 10 billion RMB and is paid-in capital;

Second, a professional team with professional knowledge and business experience serves as directors and managers;

Third, there are complete corporate governance, internal control and risk management systems;

Fourth, its main business performance is excellent and it has continued to make profits in the past three fiscal years;

Fifth, the credit is excellent, with no criminal or disciplinary violations or bad credit records in the past three years.

The most critical thing is the approval department, which reviews and approves the provincial financial departments.

This can be controlled at the provincial level.

"Huh? This is a good idea." Xu Yancheng's eyes lit up and he grasped the key.

"Indeed, it is legally feasible for us to form our own AMC institutions to solve people's livelihood problems through asset mortgages and capital inflows." Xu Kefei also nodded.

The real estate crisis is a danger for real estate companies that are deeply in debt.

For real estate companies with superior assets and stable operations, this is an opportunity.

In previous lives, some real estate companies were the biggest beneficiaries of this real estate crisis that affected a wide range of people.

Not only do they participate in the organization of the AMC organization and clean up the mess, they can also gain good reputation, credibility, and the favor of local governments.

It must be made clear that no matter how bad the real estate is, it still has assets, and many of them have high-quality assets.

These assets are burdens and worthless in the eyes of ordinary people and small and medium-sized enterprises.

But in the eyes of the AMC organization, it's money.

They have enough strength, enough patience, and abundant resources to realize profits from these assets.

"Chang Le, who do you think is better to organize the AMC organization in Jiangnan Province?" Xu Yancheng asked.

"Secretary Xu, first of all, let me explain that Leda Investment does not participate in the organization. Our funds have plans and destinations." Chang Le bluntly blocked Xu Yancheng's words.

"Haha, I knew you would say that." Xu Yancheng laughed:

"Don't worry, I also know the investment style of Leda Investment, which focuses on high-tech industries."

"Even if you want to come in, I won't let you in."

"This kind of cleaning up the mess is a great test of resource coordination capabilities, and we can't let you waste your energy."

"I think it might be more appropriate to let provincial state-owned enterprises take the lead in this matter."

"Secretary Xu, you are wise." Chang Le flattered him.

"Haha, you're such a slippery man." Xu Yancheng laughed.

"One family may not be enough. We need more families to share the pressure," Xu Kefei said.

"Yes, we need more companies to do this. And we can't rush it. Let's figure it out slowly. Let's go out and explore the situation first?" Xu Yancheng looked at Xu Kefei.

"This idea is very good. Let's see which companies are willing and we will select from them," Xu Kefei said.

Soon, the wind was released.

Soon, the situation in the province was stirred up.

Companies from all walks of life, regardless of nationality or nationality, are following the trend and expressing their wishes through their respective launches.

scene one:

"What? You want to come in too?"

"That's nonsense, do you really think you can get a big deal just by relying on your ideas and not fulfill your responsibilities?"

"Let me tell you, Xu Yancheng personally caught this matter. There are no conditions to negotiate, so you'd better give up."

"With your three melons and two dates, you won't be able to pass the threshold."

"The first is that the net worth must exceed 2 billion."

Scene two:

"I want to join the team."

"You want to get in? It's not impossible, but the competition will be very fierce."

"I am mentally prepared for this, and I am not seeking profit in this matter, only fame."

"Well, it's good that you have this idea."

Scene three:

"Okay, I understand this matter. I will talk to you about it, but there is no guarantee that it will happen."

"Your words are enough. Whether it can be done or not, don't force it. Just express your attitude."

Why do so many people want to get involved?

Because real estate companies in deep crisis have a large number of land parcels to be developed and are being developed.

Why don’t these real estate companies cash in on their own?

Due to financing difficulties, it cannot be realized.

Even if it is cashed out, it will be at a huge discount.

Why can AMC be monetized?

Because there is provincial government endorsement behind them, in the hands of AMC, these land parcels and buildings can maximize their value.

Different market entities have different risks and different financing capabilities.

Leda Building.

Fang Guowei took the initiative to find Chang Le.

"Uncle Fang, why are you here?" Chang Le personally received Fang Guowei in the office.

As before, Fang Guowei still looked thin and shrewd.

"Haha, I just came back from Rongzhou. I took a piece of land there and came to see you." Fang Guowei said.

"Don't come here, my dad told me." Chang Le said.

"Haha, I still can't hide it from you." Fang Guowei smiled awkwardly and reluctantly.

"I know, Uncle Fang, you want to get involved." Chang Le said:

"But what is your strength? The nature of AMC institutions is to act counter-cyclically. Can your company be able to resist?"

"Don't miss the watermelon and lose the sesame seeds."

"Chang Le, don't worry about this. A few years ago, I followed Secretary Chang's advice and vigorously lowered the debt line." Fang Guowei said:

"Moreover, in terms of real estate development, we have not developed multiple lines in recent years. Instead, we have developed one, sold one, and then developed another..."

"We are taking a prudent route. Although the scale is a bit small, it is very safe."

"Currently, our company still has billions of funds parked in its account."

"Oh, sure. With billions, we can do a lot of things under this situation."

Chang Le praised:

"Uncle Fang, do you want to take a big share?"

"No! As long as you can participate in this kind of thing, hold a small share and gain a sense of presence." Fang Guowei said:

"To be honest, I didn't go there just to get a bargain, but to look familiar."

"You said that, I understand." Chang Le smiled and said:

"Let me tell you in detail."

"Okay, I'm all ears."

"Uncle Fang, if you just participate and don't take the lead, I can help you. It's not a big problem." Chang Le explained:

"However, the processing period for this matter will be very long, and establishing an AMC organization is the first step."

"The subsequent work of debt isolation, asset audit, escrow and construction will be very complicated."

“The time span will be in years.”

"During this period of time, Uncle Fang, please don't have any attitude or stance."

"Abide by your duties as an investor. Whatever the leading company's attitude is, that's your attitude."

"If you do this, you will have a share of the dividends after the risks are resolved."

"Thank you Chang Le, I know what to do." Fang Guowei thanked him.

"You're welcome. You are an elder. Would you like to have a meal with me at noon?" Chang Le invited.

"Hey, how can I ask you to treat me to dinner? Let's go out to eat. We've already made arrangements. How about that?" Fang Guowei suggested.

Chang Le looked at the time: "Okay, let's eat outside, but it'll be just the two of us."

"Don't worry, I know the rules. It's just the two of us, there won't be anyone else." Fang Guowei said.

"Let's go then."