Chapter 112 The Wind and Rain Converge in Jiangnan (Seventeen)
"Xiaoyuan, I won't read the documents on COMAC's loan to set up a CM50 business jet production line today."
"I feel uncomfortable when I pick up the documents. Xiaoyuan, I want to take a day off."
Due to the discomfort, the girl's voice is particularly soft and sounds like she is directly drilling into the tip of her heart from her ears.
After several months of measurement and behind-the-scenes transactions, COMAC finally completed the overall acquisition of the German wing design team that failed to bid for the Airbus A340 wing project last month.
On the third day after completing the acquisition of the wing team, Xinfengyuan Trade Trade, which was reborn in the ashes, received an interest-free loan from Federal Germany to underdeveloped areas around the world. The amount is not large. US$170 million is paid in three batches. The loan is mainly used to improve the Republic's backward public transportation field.
Although the interest-free loan of only $170 million is only one word different from the interest-free loan of $600 million that Yuanjia received, the difference between the two can be described as a world.
Interest-subsidized loans are loan business that pays interest by the Federal German government. From a commercial perspective, they are business that can generate profits.
Generally speaking, once the lender has good reputation and repayment ability is no problem, after a period of time, the Federal German government will transfer the interest-subsidized loan business to large local commercial banks in Germany to take over.
Taking the 15-year loan of Yuanjia and the 600 million US dollars interest-subsidized loan of the Federal German government as an example, Deutsche Bank only needs to pay 200 million US dollars to the Federal German government every five years to take over the 600 million US dollars worth of Yuanjia's debt, and Yuanjia's repayment object is directly transferred to Deutsche Bank.
Of course, for Yuanjia, it is just a change in the repayment object. The repayment amount has not changed at all. The Federal German government will pay the interest generated by the loan on time.
Interest rates for cross-border long-term lending like this can almost be stable at more than 8%, while the yield on US Treasury bonds, known as the decisive force in the long-term investment market, fell to 7.3% in 1990. Judging from the long-term trend, US Treasury bonds are still extremely high and may continue to decline.
In terms of risk, this kind of long-term loan with the capital guaranteed by the government and the interest subsidized by the government is simply a long-term meal ticket for commercial banks that makes sure to make profits without losing money. Deutsche Bank wanted Yuan Glenn to borrow 6 billion US dollars at one go.
Of course, the Federal German government reviewed the issuance of such interest-subsidized loans. If it weren't for Fengyuan's trade in goods and trade at that time, which would have helped the unification of the two Germanys, Yuanjia said that it would be impossible to apply for such loans.
Compared with interest-subsidized loans that require the government to pay for interest subsidies, the qualifications for interest-free loans are much looser. However, because interest-free loans are not profitable for commercial banks, such loans often go through channels such as public welfare or humanitarian rescue.
This type of loan has extremely high transparency. There are very complicated regulations on the application procedures, spending procedures, and directions of spending. It is no longer as long as the interest-subsidized loans are paid, they can spend as much as they want within the business scope.
It is the high transparency and high charity nature of interest-free loans that have brought great trouble to COMAC.
The interest-free loan of $170 million approved by the Federal German government in the name of improving public transportation in the Republic caused an uproar within the Republic after notifying the government of the project in accordance with the practice of public welfare projects and humanitarian aid.
In terms of the brain circuit of the Republic's bureaucrats, what the hell is Fengyuan Trade in the Trade Department? Of course, the funds to improve the public transportation field of the Republic must be led by the Ministry of Transport of the Republic. This is the self-evident truth of the universe, and this is the supreme justice with natural holy light.
The problem is that the Federal Government of Germany knew that this loan was a loan to COMAC's domestic production base. COMAC used it to launch the CM50 business jet project. While driving the export of German machinery products, it indirectly ensured the acquired German wing team and maintained its competitiveness in the field of wing design.
Unless it is related to the merger between Germany, which determines the lifeline of the German nation, the best reason the Federal German government can find to lend Yuanjia is to take channels such as public welfare and humanitarian assistance, otherwise it will not be possible to explain to voters why they threw their money to an unfamiliar Asian company.
What's even more pitiful is that Boeing, the leader of the international aviation industry, is currently quarreling with the second Airbus, and both sides criticize that the other party uses government subsidies to engage in unfair competition. This is why when CMB Aerospace was established, government subsidies in the aviation field have not yet become the focus. The Federal German government has provided interest-free loans to MBB in the name of industrial funds.
If CMB Aerospace is established now, it will definitely be affected by the war between the two giants. Even if there is no actual loss for the time being, it will definitely not run away from the saliva of Americans and French people.
In order to successfully market the CM series regional passenger aircraft in the future, the Federal German government does not want the outside world to know that the loan was actually transferred to CMB Aerospace's technological investment through COMAC's pocket.
Since the Lunar New Year, Liang Yuan, Zhou Yuanhang, Sun Zhuolin and others have discussed it over and over again. In the end, they still put safety first and did not change the wing design of the already formed CM100 and CM200 regional passenger aircraft. The CM50 business aircraft project, which was launched in China, became the first work to be used to practice after COMAC acquired the German wing team.
Yuanjia’s overseas financial center, the Asian Development Bank is one of the regional financial settlement centers where the Federal German government carries out humanitarian activities in the Far East. After the Federal German government approved the loan, it transferred the money into the Asian Development Bank’s account.
Then, the Ministry of Transport of the Republic, which received the notice from the Federal German government, first sent a congratulatory document to the direct lender Fengyuan Trust. After thanking Fengyuan Trust for its contribution to the motherland's transportation cause, he emphasized ideological and moral education such as patriotism and collectivism. At the same time, he also sent an official fax to the Asian Development Bank and the Ministry of Transport's financial account with righteousness, and happily planned to guide this huge wealth that fell from the sky.
After receiving a call from Asian Development Bank President Wu Hao, Liang Yuan was in a state of great pain and felt that the failure was caused by the unfavorable affairs of the German devils.
Damn, the German devils have been relieved by taking the charity channel, but Yuanjia’s trouble has just begun.
In Tang Wan's words, this matter is a test of Yuanjia's domestic public relations capabilities. To successfully solve the problem of the Ministry of Transport itself, it requires extremely sleek social skills.
Ning Wanjia's understanding of the direction of a good wife and mother can be said to be all from Tang Wan's words and deeds. Seeing Liang Yuan being upset about this matter, Tang Wan explained the difficulty of this matter, the two girls were eager to try the follow-up social interactions with this dog. They wanted to really help Liang Yuan, but they didn't understand that their mother wouldn't watch them.
In the eyes of the twins, this matter is a rare major matter within Yuanjia that has nothing to do with those profound technical fields, and it just happens to be suitable for training themselves.
Liang Yuan has always been abusing two girls. Since the twins are interested, Liang Yuan not only authorized the two girls to handle the loan to operate, but also smiled and relieved the pressure on the two girls. Even if the matter is screwed up, at most he could use East Germany as a bargaining chip and let the Federal Republic of Germany find a reason to withdraw the loan and replace it with another channel before lending it again.
However, Tang Wan learned from the two girls that Liang Yuan casually handed over the affairs involving $170 million to the twins to practice, and he didn't know what to say. In the end, Tang Wan just gently pinched Ning Wanjia's cheek and said jokingly, "My girl's vision is really the best in the world."
"Okay, if you say you don't read it, you won't read it, but don't say it so pitiful. I feel like Zhou Papi, and I feel very guilty. The world is so conscience. When will I bear to bear to suffer for so many years?"
After hearing Liang Yuan’s self-criticism, the two girls barely regained their vitality and rubbed towards Liang Yuan again, muttering a little proudly and chatting with Liang Yuan in a small voice.
"Xiaoyuan, I have to write four daily essays for this summer homework, which is a headache. My sister and I are busy arguing with the Ministry of Transportation. We can't write such daily life at all."
Although due to the cheating international date change line, the two girls once had a chaotic smooth transition between the sister and the sister, as the number of going abroad increased, the two girls re-established a balance. Generally speaking, in China, Ning Wanjia was the sister when the number was on the order.
Chapter completed!