Section 52 Economic trends

Zheng Jian’s Yinfeng Investment Company is actually an entity under the Provincial Construction Bank that specializes in business development. He is also a Zhonggan from the former branch of the CCB An’s former branch. He went to Hainan to develop real estate. Zheng Jian was also commissioned by the provincial branch. However, Qiao Hui also added a bunch of people to join forces to speculate in real estate in Haikou and Sanya since the beginning of 1992. The meeting between Tianhou Temple was also Qiao Hui who came back to take a vacation to relax.

Half a month before the bubble burst, they sold everything. Two weeks later, the 16 "6, 24" items were issued. The real estate market in Hainan and Beihai, Guangxi plummeted without bottoming out, leaving only a mess.

The collapse of Hainan's real estate industry directly led to tens of billions of funds from the four major state-owned professional banks in various provinces across the country. Among them, the CCB system was particularly miserable. Several municipal branches under the CCB system in Anyuan Province have suffered heavy losses. The only one who can truly get away with it and even make a big profit is Yinfeng Investment Company, which has made Zheng Jian, who has returned to the provincial branch, has made great achievements and has been praised by the main leaders of the provincial branch. Even the head office knows that Yinfeng Investment Company of the CCB's Anyuan branch has made great achievements in the Hainan real estate market and is judging the situation.

Lei Xiangdong, who is the bank's guidance department, and Xiao Huashan, who is the ICBC system, are naturally aware of the ups and downs.

Many of the leading figures in the industry system were trapped in this sudden storm. Tens of millions of funds were spent without seeing the profits, but they might lose all their money. The anxious leaders at that time naturally had to force the parties to collect the money. It is inevitable that a large number of leaders were implicated. Only Zheng Jian shines in this storm, so it would be reasonable that the branches would be promoted and reused.

"Guodong, what I heard you mean is that the country will also establish policy banks. I wonder how you understand this issue?" Lei Xiangdong was obviously more concerned about actions at the major policy level.

"It's very simple. If the four major professional banks still issue policy loans while issuing commercial loans, and we all know that the possibility of repayment of such loans is extremely small, then they will never become real commercial banks." Zhao Guodong talked freely. From the real books, he was able to figure out a lot of things based on the memories of later generations.

"Only by allowing the country's specially established policy banks to undertake policy loans issued by the state, and commercial banks operate completely based on the purpose of their own operating efficiency, can commercial banks gradually emerge from the shadow. In fact, we all know how high the non-performing asset ratio of our domestic banks is? Compared with the same foreign banks, our non-performing loans are generally ten times higher than theirs, which is terrifying and impossible for a pure commercial bank."

Lei Xiangdong was speechless. Of course, he knew the real situation of the current non-performing loans of state-owned banks, but this was not caused by the banks themselves. The strong administrative order-like intervention of the state and even local governments is an important reason for this situation. No bank is willing to do this. Even though he knew that he might not return all his money, he could only give up the loan, but in many cases he had to do it.

"Guodong, you are also very clear about our national conditions. The bank is nominally managed independently, but it is still largely affected by administrative power. Taking our industrial behavior example, if our Nanhua Municipal Party Committee and Municipal Government require us to continue to lend to Nanhua Silk Company, which is already on the verge of bankruptcy, to ensure that the wages of silk company employees can be obtained on time every month, can our Nanhua Industrial and Commercial Bank of China not borrow?" Xiao Huashan smiled and said, "But if you lend it, maybe next month, maybe it will go bankrupt next year. What can our ICBC get? A bunch of dilapidated machines or several dilapidated factories. If there are a few more creditors, I am afraid that everyone will only sit in a row and eat fruit fruits, one by one! In such an environment, how can the non-performing loan rate of the bank not be high?"

"That's why the country has established policy banks to solve problems such as policy support loans, but I don't expect that the situation like Brother Xiao said may not be banned within three to five or even ten years. After all, we are a socialist country, and professional banks are also state-owned banks. From a certain perspective, they must assume some social functions." Zhao Guodong also nodded in agreement.

"So the commercial operation of state-owned professional banks is still very long. It is not realistic to achieve the real ideal commercial operation in one or two days." Lei Xiangdong also added.

"Well, but this is also a must-pass road. Maybe there are many ups and downs in the process, but the general trend cannot be changed." Zhao Guodong said intentionally or unintentionally: "I think within this year, several policy banks in the country should be established."

"Oh, Guodong, are you so sure?" Lei Xiangdong glanced at Zhao Guodong thoughtfully. If it were ordinary people who counted so many of them, Lei Xiangdong would not care, but Zhao Guodong could accurately predict the timing of the country's policy of rectifying the macroeconomics, so he had to pay attention.

"It should be so. With the current style of the central leaders in charge of the economy and the current urgent economic situation, it is better to establish a policy bank sooner than later." Zhao Guodong said decisively, and he remembered that China's policy banks should have been established one after another this year.

The conversations of a group of people made Qiao Hui unable to get into it. If you make comments on this national economic trend and policy trend, you will only be ridiculed by others if you make comments. Qiao Hui also knows that he is an amateur in this area, so he doesn't say much.

These are playmates who grew up together in the Renminbi family compound. They have a close relationship. The banking system also has a strong concept of inheriting the father's business. Before 79 years, there was only one place, that is, the People's Bank of China. However, it was not until the 1980s that the four major professional banks were separated one after another.

Although Qiao Hui did not enter the financial system after becoming an adult for various reasons, he still maintained a very good personal relationship with several playmates who had already emerged in the banking system. This is why he followed Zheng Jian to Hainan to make gold with the hard-earned money he had earned for more than ten years. Fortunately, he successfully escaped the disaster and lost a lot of money.

From the reform of the banking system to the current trend of the domestic economic situation, from the fiscal tax sharing system to the exchange rate reform, the four people's talks are becoming more and more intense.

"Exchange rate convergence, hehe, this move is so cruel. The advantages of state-owned companies have disappeared all of a sudden. The implementation of a single managed floating exchange rate based on market supply and demand. The RMB depreciates by more than 30%. What does this mean?" Lei Xiangdong glanced at the three people beside him.

"What does it mean? It means that our labor costs and product costs have become cheaper, exports can expand rapidly, and China becomes a place that attracts more external investors, and foreign investment will surely come!" Zhao Guodong also knew that the other party was taking the exam himself, but this was too simple for him.

"The four Asian dragons will soon become the past. With the continuous growth and upgrading of China's manufacturing industry, China will gradually become the center of manufacturing in the world, and private enterprises will take advantage of the momentum and become a major driving force for China's economic growth. Foreign trade-driven economy will become the dominant direction for China for a long time. This will be the engine of China's economic growth. Only in this way can the Chinese economy achieve long-term, stable and rapid development."

Lei Xiangdong, Xiao Huashan and Zheng Jian both exchanged surprise eyes. This guy was so powerful that he had a thorough understanding of the national economic development orientation that many things he had thought of but had not yet thought clearly fell into his mouth and became casually told.

Even Lei Xiangdong has always claimed to be an expert in studying the relationship between national economic and financial policies, he has to admit that Zhao Guodong's sense of smell and even intuition in this regard are extraordinary.

Discussions on the development of the international and domestic situation quickly returned to the economic trends of Anyuan Province. Zhao Guodong also knew that being modest in front of these guys would only attract distrust. Only by demonstrating your own talents and abilities can you be recognized.

"Anyuan Province has quite superior geographical advantages. The location of the central and western regions is difficult to replace by any other province and city. Moreover, Anyuan also has a strong economic foundation and scientific and technological development potential. In particular, Andu City, as the city with the strongest industrial and commercial atmosphere and the strongest teaching and scientific research strength in the central and western regions, has unique advantages. This is probably one of the main reasons why the first Central and Western Investment and Trade Fair chose in Andu."

"Regre is right. In addition to An Auto's joint venture with An Auto this time, it is more important to have a certain strength. Andu also has the advantage of Andu, a special geographical location in the central part of China's inland hinterland. He wants to open up the market here and expand to the southwest, northwest, south China and central China. And An Auto can also regain its strength this time, and Anyuan Province also intends to take this opportunity to build a dream of a central automobile industry base in China."

Zhao Guodong continued, "Brother Zheng, this time Anqi Group and Daewoo jointly venture, can you CCB have no intention of a joint venture between banks and enterprises?"

"Hehe, of course there is, the joint venture between Anqi and Daewoo is a project that both the country and the province attach great importance to. It is natural for us to provide loan support. Not only us, but ICBC will also join in." Zheng Jian said with a smile.

"Our Jiangkou Development Zone is now building a distribution industrial park. A considerable number of enterprises have come to our development zone to invest in and build factories, and some are under investigation. I wonder if Brother Zheng is familiar with the leaders of Andu City Construction Bank and help build bridges. Our Jiangkou Development Zone also has the idea of ​​a bank-government cooperation with the CCB system to create an excellent industrial park."

"Oh?" Zheng Jian's eyes moved slightly, "This is a good suggestion. I am quite familiar with Guo Dong from the Municipal Construction Bank. Take some time to meet him. You can talk to him about your thoughts."

Zhao Guodong also laughed, "Don't take it seriously, Brother Zheng, I just want to use this to create momentum to let the merchants who come to invest in and build factories experience the good cooperative relationship between our Development Zone Management Committee and the CCB system. As for them to really want to borrow money, it's better to follow the rules of your CCB. If you meet the conditions, it will be done. If it doesn't meet, it will naturally be reversed."
Chapter completed!