Rebirth of Military Workers

Chapter 679

It’s not that Xie Kai thinks CITIC’s people are fools.

To be rewarded, one must pay.

The African business is highly profitable and rewarding, and it is naturally high-risk.

“Comrade Xie Kai, we are very supportive of your ideas and hope you understand us. As a bank, we must not only consider investment returns, but also consider project risks. China CITIC Bank has a weak foundation and weak risk bearing capacity. Once Burundi is turbulent again , Regime change…” Mou Yang said seriously.

From the bank’s standpoint, risks must be assessed.

“Xie Kai, President Mou is right. We are also a major shareholder.” Yang Qian also felt that the domestic business had not achieved much, so it was a bit of a risk to enter Africa.

CITIC Bank was formerly a financial subsidiary of CITIC International Trust and Investment Company. Originally, its main business was to provide financial support for CITIC International Trust and Investment Company in attracting foreign investment and introducing technology.

It is this point that Xie Kai encouraged Zheng Yucheng and others to participate in CITIC Bank.

The bank, which was originally set up in 1987, was established ahead of schedule with a 404 investment.

Zheng Yucheng and others sat on the side without saying a word.

“The stake in CITIC Bank is to hope that we can have professional financial units to provide support for our external business.” Xie Kai said unceremoniously, “If CITIC can’t take on such a role, what are we doing as a shareholder?”

Mou Yang looked at Xie Kai and smiled.

“Comrade Xie Kai, this is not a problem. The foreign exchange you got from selling weapons and equipment before was all directly transferred through the National Bank…”

The meaning is obvious, 404 foreign exchange, not a penny entered CITIC.

Xie Kai really didn’t know about this, and looked at Zheng Yucheng and Wang Guilin suspiciously.

The latter nodded, indicating that this was the case, but did not explain it.

“At the time of the shareholding, it seems that we have not mentioned that the foreign exchange we obtain must go through CITIC?” Xie Kai retorted, “Since you know that it is the export of weapons and equipment, it is of course not our choice.”

“It didn’t create a penny of foreign exchange for the bank, but at least hundreds of millions of dollars in foreign exchange…” Mou Yang was also angry.

The anger is not to Xie Kai, but to Zheng Yucheng and others.

A gang of people launching Xie Kai is obviously a rogue.

But twenty tons of gold is absolutely attractive to a bank that has not been established for a long time.

“For the investment in Burundi, the foreign exchange generated will be settled through CITIC. Even the business in Tanzania and other countries will be taken over by CITIC, and the gold produced by our investors over there will also be sold to CITIC Bank…” Xie Kai Even if you are angry, you must be patient to explain.

The future is bright.

The road is not tortuous, as long as hundreds of millions of dollars in loans are provided.

“Sounds good.” Mou Yang smiled at Xie Kai, but from the corner of his eye he was paying attention to Zheng Yucheng and others, and he was even more dissatisfied. “I said before that CITIC’s current foundation is too weak to withstand the toss.”

“In that case, it is impossible for our business in Africa to get the support of CITIC?” Xie Kai’s face became cold.

“You can’t say that, it’s just difficult at this stage.” Seeing that Zheng Yucheng and others were silent, Mou Yang answered calmly.

“In this case, we don’t need to talk about it.” Xie Kai turned to Zheng Yucheng and others and said, “Withdraw our funds from CITIC and set up a special bank, we will do it ourselves!”

Mou Yang’s threat to Xie Kai did not waver at all.

In his opinion, Xie Kai is a child and cannot be the master at all.

Saying this now is just a test by Zheng Yucheng and the others.

“It’s not easy to apply to the country… In addition, it is also difficult to find professionals in terms of personnel.” Yang Qian felt that Xie Kai’s ideas were taken for granted.

Mou Yang’s confidence is here.

The procedures for setting up a foreign-related bank are very complicated, and the required professionals are not easy to solve.

Since the reform and opening up, there has been an equally large talent gap in the field of foreign finance.

Mu Yang went abroad a long time ago and worked in a foreign bank for more than ten years, otherwise he would not become the vice president of CITIC.

Xie Kai initially considered this series of issues before proposing to buy a stake in China CITIC Bank.

“Approval is simple, and relevant policies will be given above.” Zheng Yucheng said, “As long as the personnel problem is solved…”

“For us, the personnel problem, is it a personnel problem? No, just pick people from the same type of unit! Big deal to bear some costs.” Xie Kai does not shy away from Mu Yang here.

404 really established a bank, and CITIC will be their main unit for digging people.

You can’t dig the foreign-related financial personnel of the National Bank, isn’t it?

“You can’t do this!” Mou Yang’s expression instantly changed.

He can’t guarantee that 404 will not engage in a bank. There are many things in this country.

The problem of repeated construction has always been more serious.

“What can’t be? We have negotiated at the beginning. The conditions for our shareholding are to obtain professional financial support for our business. Otherwise, why do we have billions of funds in CITIC? The interest given by CITIC is not the highest Yes!” Wang Guilin said coldly.

Xie Kai understands now.(Read more @ wuxiax.com)

Maybe I’ve talked about this before, but the gold of the fart needs to be dealt with by him.

It is clear that the talks between the two sides fell apart.

“…” Mou Yang said nothing.

“In this case, we will withdraw these billions of funds from CITIC and withdraw the funds previously invested.” Xie Kai said coldly. “The registered capital of CITIC is only 800 million. We spent 500 million to get 49% of the equity. Now we can’t even support our business!”

This trick is completely a draw from the bottom of the pan.

CITIC simply does not have billions of cash flow.

These deposits were all loaned out.

404 billions of deposits, occupying the current CITIC

Mou Yang’s face was gray. He didn’t think about this possibility, but he didn’t dare to think about it!

Once the news spreads and a run is caused, the entire CITIC will go bankrupt.

“The superior would not agree with you doing this.” Mou Yang murmured.

“We need a lot of funds, why don’t we agree? China CITIC Bank is a commercial bank, and there was no agreement when we made the deposit?” Yang Qian was eager to get all the funds back.

She must be the person in charge to set up a bank.

When things have reached this level, Mu Yang can only say that he needs to consult the bank and hold a meeting to discuss the matter.

“President Mou, we can’t blame us. You know the purpose of our stake in CITIC.” When Mou Yang left lonely, Xie Kai said, “Our requirement is not excessive. CITIC already has external financing, foreign exchange transactions, and international Settlement business…”

When Mu Yang left, Xie Kai didn’t make a temper like before, but asked what was going on.

“CITIC hopes to get the foreign exchange settlement business of our exported equipment, but the above does not agree.” Zheng Yucheng said, “the last time I was in the capital, they called us.”

“Doesn’t agree with the above?” Xie Kai felt that it would be good to hand over the international business to CITIC Bank for settlement.

“I didn’t say.” Wang Guilin replied.

“The base doesn’t want to give it to them?” Xie Kai asked.

“Eggs can’t be put in one basket. CITIC’s main deposits are ours. In many cases, the settlement of interest is not very timely…” Yang Qian explained the situation.

At present, domestic money is scarce, loan interest rates can even be as high as 20% or more, and deposits also have interest rates of more than ten points.

Banks will naturally not let money sit idle.

What’s more, in recent years, many loans can’t be collected once there is a problem.

CITIC’s settlement with 404 involved a high amount of money. It has always been hoped that 404 will keep the loan interest in the bank every year. If 404 lives in poverty, it will naturally not agree.

This creates a contradiction.

“They can’t collect a lot of debts?” Xie Kai asked.

“This is indeed the case. Most of them are state-owned units, such as the previous 541 units. Without state financial support, they need loans for transformation. Once the transformation fails and cannot be recognized by the market, the loans will not be recovered in the end.” Yang Qian Nodded and explained, “541 is a special case. There are products that are in short supply in the market. With the cooperation with us, naturally there is no problem…”

Many state-owned enterprises were unable to adapt to the market in the process of reform and opening up, and eventually had to go bankrupt.

In the same way, a group of state-owned enterprises will stand out from the competition in the market and eventually become the dominant force in the country’s economic and technological development.

“In this case, why don’t we bring in these state-owned enterprises in this Africa plan?” Xie Kai suddenly thought, “Anyway, we can’t do everything. On the CITIC side, once there is a large number of bad debts. , It’s also our loss, isn’t it?”

404 has half of the equity of China CITIC Bank.

“This works!” Zheng Yucheng and Wang Guilin looked at each other.

They have to look for partners anyway.

In addition, for now, such conditions can be used to negotiate with CITIC and increase their bargaining chips.

At least, many state-owned enterprises, as long as they have business, can support them.

Mu Yang contacted the headquarters through the phone number provided by the base and reported the situation here. The headquarters of China CITIC Bank attached great importance to it and soon held a high-level meeting.

Once 404 withdraws its capital and transfers billions of deposits away, CITIC will have a very big crisis.

Some people suggested that they should seek help from their superiors. They are all units of the state. To do so is completely disregarding the overall situation.

Some people also agreed to 404 and asked them to leave the follow-up foreign exchange business to CITIC.

Even the bank executives directly found the department in charge of Unit 404, and eventually the matter was transferred to Long Yaohua and Li Mingshan for handling.

“What are they doing?” Li Mingshan asked Long Yaohua.

Long Yaohua didn’t know. A few days ago, he was still upset because the 404 people were criticized by their superiors because they were on the Shanghai Stock Exchange with the McDonnell Douglas.

“Billions of funds, there are many capable things.” Long Yaohua said, “I’ll call and ask Comrade Yucheng first.”

Soon, Zheng Yucheng received a call from Long Yaohua and immediately reported the situation to Long Yaohua.

“Chief, if we can’t support our external projects, how can this bank cooperate? What about our projects? This is a big project involving billions of dollars…” Zheng Yucheng’s words made Long Yaohua unable to refute it for a while.

They didn’t know the specific situation. After Long Yaohua hung up the phone, he discussed with Li Mingshan and went to 404.

Now it is no longer possible to reproduce the previous situation. 404 sells the most advanced weapons and equipment in the country with policies such as self-financing.

Domestic troops, until now, because the price of the 359 tank is really unacceptable without equipment, it is selling hot in the international market.

Mou Yang has been 404 for the past few days. He has always hoped that 404 can make concessions, at least transfer the foreign exchange of foreign sales equipment to CITIC settlement, or take a step back and leave the money for annual interest settlement.

404 naturally quit, the two sides talked very stiffly.

I am not interested in what Wang Guilin proposed. After all, to continue cooperating with those units, CITIC still needs to increase its loans.

“The package of industrial economic development plan? Who proposed this plan? Very good.” Long Yaohua arrived at 404 and listened to the report and was very interested in this plan.

Zheng Yucheng gave a comprehensive introduction to the plan. He was about to say that Xie Kai made it, but he did not expect that Xie Kai stood up and said, “Chief, this plan is gradually formed when our management committee is considering our market customers. China is a traditional weapon and equipment exporter. If we want to gain more markets and earn more foreign exchange, we must avoid direct competition with Europe and the United States in advance…”

In order to avoid trouble, Xie Kai directly referred to the management committee.

Zheng Yucheng looked at Xie Kai suspiciously.

This is a good opportunity. It will be easier for Xie Kai to take over in the future to see Xie Kai’s abilities.

“It is a good strategy to avoid competition with Europe and the United States in the first place. But Burundi’s economy does not seem to be good?” Long Yaohua said suspiciously.

In Africa, apart from a few oil-producing countries in North Africa and South Africa, there are few countries whose economies are slightly decent.

Can you make money?

“It’s true that the economic situation is not good, and the annual GDP is hundreds of millions of dollars…” Xie Kai nodded and said, “But they have abundant resources. As long as there is investment, the country will no longer be turbulent, and the economy will develop soon, even Rolling up…”

“In other words, if you want to make money from them, you must first invest in them so that they can develop their economy?” Long Yaohua looked at Xie Kai.

This is the first time he has heard of such a plan.

404 is a military unit.

“Nor say the same. After all, it is our domestic companies investing in Burundi. During their economic development, investors will naturally enjoy the dividends of economic development. Just as foreign capital enters our country… The biggest benefit of this plan is our investment. , The equipment procurement is up to us, and what is needed is only some basic equipment, such as mining equipment…” Xie Kai explained the benefits of the plan.

Burundi is just the beginning.

Create a model project in Africa, and then other countries will come to see the results of development.

“Isn’t there a metal smelting unit, etc.?” Long Yaohua also felt that the plan was good, except that it took too long. “Domestic development still requires a lot of funds. Is it inappropriate for you to invest a large amount of funds abroad?”

The country has been trying its best to attract investment. 404, as one of the few domestic units with huge cash flow, does not want to contribute to domestic economic construction, but instead helps foreign development, which is very controversial.