I'm in the county town, and you say I'm a big shot?

Chapter 265, Section 264: Approval of the Report on the Application to Establish Nanxin Rural Commercial Bank

The weather finally cleared up today, but it quickly turned hot. However, it was still relatively cool in the morning. Fang Qingye was by the lake watching the project's progress.

According to the plan, the first step is to lower the water level of Nanxin Lake, and then to remove some of the silt to improve the water quality.

This time, a new technology was used, which used an intelligent dredging vessel to suck up the silt from the bottom of the lake. After screening and dewatering, it was turned into compressed mud blocks.

These mud blocks also have a use. According to the plan, two small islands will be built in the center of the lake, and these mud blocks are one of the materials used to build the islands.

This was done in the same way when Taihu Lake was cleaned up, but the project for Nanxin Lake was much smaller.

Fang Qingye, wearing a safety helmet, stood under a tree. Next to him stood Wang Yu, who was also wearing a safety helmet. He was much darker than he had been two months ago, but he looked very energetic.

Wang Yu works in the company's administrative office, but recently he has been assigned to work in the engineering project department. He spends all his time wandering around the lake, and when he sees the big boss coming, he naturally rushes to keep him company.

Fang Qingye didn't let the project manager come along, but kept Wang Yu by her side.

"Boss, according to the schedule, it should take about two months to clear the silt, and the island in the middle of the lake can be built tomorrow," Wang Yu said, pointing to the lake.

Fang Qingye glanced at him and asked with a smile, "Wang Yu, do you still have time to play games lately?"

"No way! I'm stuck on the construction site all day, all I want to do when I get back is sleep," Wang Yu couldn't help but complain.

He cursed that woman named Luo Yan a hundred times in his heart. The boss clearly told me to come to the company to work in the finance department. It would be so comfortable to be in the air-conditioned office. But she went and told me to go to the administration office!

The administrative office is fine, but recently I've been sent to the project site! I'm exhausted like a dog every day, how can I have time to play games?
However, there are also benefits. I used to have a sore neck and shoulders from playing games all the time, but after coming to the project site, my neck doesn't hurt anymore, my shoulders don't ache anymore, and even my appetite has increased.

Of course, when I see my boss, my senior, I still have to complain a bit.

Fang Qingye smiled slightly and ignored her.

At that moment, an Audi stopped on the road not far away, and a person got out of the car. Fang Qingye saw from a distance that it was Qian Weimin.

Qian Weimin also noticed Fang Qingye standing by the lake and walked directly towards him.

"Mr. Fang, you've come to inspect the place?" Qian Weimin greeted him with a smile.

"Just dropping by for a bit. You're free today too?" Fang Qingye replied.

“I went to the Finance Bureau and passed by here on my way back, so I wanted to say something to you,” Qian Weimin said.

"You're going to the Finance Bureau? Is it about your company?" Fang Qingye asked.

Fang Qingye was particularly sensitive to those three words because her second uncle was the director of the Finance Bureau.

“Let’s go to Yuyuan for morning tea and chat over drinks,” Qian Weimin invited.

Fang Qingye politely declined, saying, "I've already had breakfast."

"Eat some more, young people digest quickly. Let's go, let's go," Qian Weimin urged.

Fang Qingye had no choice but to tell Wang Yu to go back and attend to his own business. She then got into her Mercedes and followed Qian Weimin's car towards Yuyuan.

Yuyuan is near Shuihuiyuan Road. It only took about ten minutes to get there. Fang Qingye found a place to park the car and went in with Qian Weimin.

As soon as I entered the shop, I heard the owner greet me warmly: "Mr. Qian, please come in. Private room number 3 is reserved for you. Oh, Mr. Fang, you're a rare guest, please, please."

Fang Qingye smiled, which was considered a greeting to the boss, and followed Qian Weimin into the private room inside.

The morning tea was served quickly: crab roe buns, vegetable dumplings, crab roe noodles, and of course, a pot of local specialty Langshan tea.

Fang Qingye wasn't really hungry. After eating a crab roe bun, she asked, "Mr. Qian, what's the matter?" "Didn't your second uncle tell you?" Qian Weichang retorted.

"What did you say? I've seen my second uncle for several days now."

"Then take a look at this." Qian Weimin took out a photocopy from his briefcase and handed it to Fang Qingye.

He took it and saw that it was an official document issued by the Jiangsu Provincial Banking Regulatory Bureau: "Approval of the Report on the Application to Establish Nanxin Rural Commercial Bank"!
There is also an attachment, which is the original text of the "Report on the Application for the Establishment of Nanxin Rural Commercial Bank Co., Ltd.", which states that in order to develop Nanxin's economy, serve small and micro enterprises, and "be based in the county and serve agriculture, rural areas and farmers", the application is made to establish a new rural commercial bank company.
Fang Qingye knew in her heart that there was a big background to this.

At the end of 06, the State issued the "Opinions on Adjusting and Relaxing the Access Policy for Banking Institutions in Rural Areas to Better Support the Construction of a New Socialist Countryside," which adjusted and relaxed the access threshold for banking institutions in rural areas, clarified that private capital entering the banking industry should comply with the same conditions as other capital, and supported private capital to participate in the establishment or capital increase of village and township banks, etc. As a result, village and township banks began to be established in various places.

Nanxin is the first one in the Jinghai area.

Fang Qingye glanced at it once and then handed it back to Qian Weimin: "President Qian, why are you showing this to me?"

"You don't know, do you? The major shareholder of this bank, Baoshang Bank, is raising funds and recruiting shareholders in our county!" Qian Weimin said in a low voice.

It turns out that Baoshang Bank is a joint-stock bank in Inner Mongolia Province, officially named Baoshang Bank Co., Ltd. It was approved by the Jiangsu Provincial Banking Regulatory Commission to become the first rural bank in Jiangsu Province: Nanxin Rural Commercial Bank Co., Ltd.

"I understand. You want to invest money and become a shareholder of the bank?" Fang Qingye asked.

"To be honest, I do have that idea." Qian Weimin put the document back into his briefcase and added, "Baoshang is currently the largest shareholder, and I've heard that Nanxin Futai Company will also invest!"

"Nanxin Futai? Isn't that a wholly state-owned company funded by the county government?" Fang Qingye was slightly surprised.

“Yes, it’s managed by the Finance Bureau, so I’m asking you if your second uncle told you about this,” Qian Weimin replied.

"I really don't know." Fang Qingye shook her head.

"You don't know this? Brother Fang, are you interested?" Qian Weimin asked.

"I need to think about that."

Qian Weimin was somewhat puzzled by Fang Qingye's attitude:
“Brother, you’ve worked in a bank before, you know better than any of us how banks make money. I thought you’d be overjoyed and agree immediately.”

"Starting a bank is like starting a company, right? Some companies make money while others lose money, right? This investment is at least tens of millions. Shouldn't you think about it carefully?" Fang Qingye asked rhetorically.

Fang Qingye's words calmed Qian Weimin's feverish mind considerably: "What you said makes sense, but it seems like there aren't any banks that lose money, right?"

"I didn't say it has to be a loss-making venture. I just meant that, like any other investment, all kinds of risks need to be taken into account," Fang Qingye explained.

“That’s right. Let’s have some tea.” Qian Weimin raised his teacup.

After finishing their morning tea, the two parted ways, and Fang Qingye drove back to the nursery.

As Fang Qingye drove, she recalled what Qian Weimin had said in the teahouse.

Establish a rural bank and become a shareholder by injecting capital?
The country's original intention was good, but unfortunately some banks have misinterpreted it, such as the initiator, Baoshang Bank. It's far too famous.

His fame doesn't stem from how powerful he is, but from the fact that he was the first bank in the country to go bankrupt!

There are many reasons for bankruptcy, one of the most important being that major shareholders illegally misappropriate bank funds, resulting in a large number of non-performing loans and causing serious losses to bank funds.

Can you really have a good time with the major shareholders of this kind of bank?
You lost all those few thousand dollars you had, leaving you with nothing but your underwear!
Fang Qingye would have been quite interested if it had been initiated by another bank, but unfortunately it was Baoshang.

Forget it, I'll just wash up and go to bed.

(End of this chapter)