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

Chapter 411 "I think my chance has come"

“That’s not the reason.” Xia He shook her head: “I heard that this department was established from top to bottom, and the Shanghai Banking Regulatory Bureau also has one.”

"Oh"

"This also reflects a problem: new rural financial institutions such as village and township banks are emerging in China, but there are many problems, just like Nanxin Village and Township Bank," Xia He said.

This is true.
Fang Qingye nodded.

"Hey, Qingye, why are you in such a hurry to have Shi Guangrong take you to see Zhong He? Is it because you want to find out some inside information? Especially about Nanxin Village Bank?" Xia He asked with a smile.

“Yes.” Fang Qingye didn’t need to hide anything from Xia He: “Nanxin Rural Bank just had a major incident, and Baoshang Bank is in a hurry to withdraw funds from Baoying Fund. I think my opportunity has arrived.”

Xia He understood what opportunity he was referring to: replacing Baoshang Bank as the major shareholder of Nanxin Bank!

“It’s a good opportunity. I know you’re interested in rural banks, and I’d like to get some information from Director Yu, but I feel it might be too abrupt. Being overly concerned might arouse suspicion,” Xia He said.

“If I knew Zhong He, this would be simple, and you wouldn’t have to worry about it,” Fang Qingye said with a smile.

"What, are you going to kick me away?" Xia He said angrily.

"Look at what you're saying. Fine, I won't go to Huijing, I'll leave everything to you!"

"Ugh! I wanted to see you again."

The two chatted for a while longer before logging off.

The next afternoon, Fang Qingye drove straight to Huijing. When she entered the city at four o'clock in the afternoon, she received a call from Shi Guangrong: "Qingye, I'm at the Jiangsu Provincial Hotel now, and I'm about to book a room. Do you need me to book one for you?"

“No need, I have friends in Huijing, and I usually stay there,” Fang Qingye said.

"Okay, come over here first. I've already made plans to have dinner with my friend."

"OK!"

Fang Qingye drove for another hour before arriving at the Jiangsu Provincial Hotel to meet Shi Guangrong.

“When Zhong gets off work at six, he’ll come over, and we’ll eat at the restaurant. The Anhui cuisine here is quite good,” Shi Guangrong said.

Fang Qingye nodded: "Sure, is there anything else?"

"What do you think?" Shi Guangrong retorted.

"Do you know your classmate? What are his hobbies?"

"Let's go to the sauna then."

“OK, I’ll cover all the expenses tonight,” Fang Qingye said.

"Look at what you're saying, as if I can't afford to treat my classmate," Shi Guangrong said.

"Okay, I'll treat you next time."

Around 6:20, Zhong He arrived at Shi Guangrong's room. He was about the same age as Shi Guangrong, thin, and wore glasses, looking like a technical engineer.

After introductions, we went to a restaurant for dinner, which featured typical Anhui-style Beijing cuisine: squirrel fish, egg shumai, beauty liver, and phoenix tail shrimp.
I also took a bottle of Wuliangye liquor.

Fang Qingye couldn't hold his liquor, Zhong He was just average, and Shi Guangrong could only manage less than three ounces. So, before they even finished a bottle of wine, the three of them were already flushed.

The atmosphere was quite nice, though.

As the drinks flowed freely, Fang Qingye casually asked, "Director Zhong, what was the final outcome for our Nanxin Village Bank?"

Zhong He smiled and said, "President Fang, you're very interested in this?"

"That's true. Several of the small shareholders of the village bank are the owners of Nanxin, and I know them quite well. I heard that they all returned the misappropriated funds to the bank, but the major shareholder, Baoshang Bank, did not return them, so they are angry."

"Baoshang Bank has no money."

"Really?" Shi Guangrong interjected, "Baoshang Bank is considered a relatively large bank in Inner Mongolia. Moreover, Qingye told me that Baoshang Bank has withdrawn its investment from a private equity fund in Shanghai, causing the company to go bankrupt." Zhong He glanced at Fang Qingye and said, "That's right. We asked the Inner Mongolia Banking Regulatory Commission to investigate Baoshang Bank, and they found that Baoshang Bank has even bigger problems. Investing in private equity funds is only part of it, and their bank's funds have also been misappropriated by their major shareholders."

Min Tian Series!
Although Zhong He didn't say it directly, how could Fang Qingye not know?
However, since the other party didn't say anything, he couldn't spell it out, so he picked up his chopsticks, took a bite of food, and casually replied:

"The upper beam is not straight and the lower beam is crooked."

"That's the truth."

“But there’s a problem if this drags on forever.” Fang Qingye continued to analyze: “With such a large deficit, Nanxin Rural Bank will definitely affect its normal operations.”

“Yes, this is a headache for rural banks themselves, and even for our provincial banking regulatory bureau,” Zhong He replied with a smile, then suddenly looked at Fang Qingye and asked.

"Mr. Fang, you used to work in a bank, what brilliant ideas do you have for dealing with this stalemate?"

"If even you leaders can't come up with anything, what brilliant idea do I have?" Fang Qingye said with a smile.

Zhong He picked up his teacup and took a sip of water: "Actually, I do have a solution, but it's just my personal opinion."

"Oh, you mean?" Fang Qingye immediately became interested.

Zhong He glanced at him before saying, "Baoshang Bank is currently struggling to make ends meet and is scrambling to find money to cover its losses. It would be better for them to withdraw from Nanxin Rural Bank. According to our investigation, the rural bank's net assets are only 5000 million yuan. Even if we gave it all to him as the major shareholder, it wouldn't be enough to pay off his debts."

"What about the funds he misappropriated from the village bank?" Shi Guangrong asked curiously from the side.

“If any company is willing to take over Baoshang Bank’s position and become the major shareholder of Nanxin Rural Bank, the funds misappropriated by Baoshang Bank, about 100 million yuan, can be provided by them,” Zhong He slowly stated his idea.

"Zhong He, are you kidding me?" Shi Guangrong immediately said, "What company would be willing to be such a sucker? Giving away a hundred million for nothing."

"Don't rush, let me finish." Zhong He said calmly, "The 100 million yuan I advanced for Baoshang Bank isn't just a free gift. It can be used as investment in Baoshang Bank's shares. Doesn't that solve the problem?!"

"Hey, Zhong Hui, you're really smart! You were quick-witted even in school!" Shi Guangrong praised. "But there are some problems too."

"what is the problem?"

"You just said that Baoshang Bank itself has many problems, such as the major shareholder misappropriating funds. If a company were to become a shareholder of Baoshang Bank with 100 million yuan, wouldn't its interests be infringed? Companies will think twice before acting."

“You’re right,” Zhong He smiled. “But if I didn’t say that Baoshang Bank had problems, who would know?!”

What the hell!

Shi Guangrong was stunned for a moment before saying, "I didn't expect that your CBRC would also cheat people like this."

"I was just joking with you, we definitely wouldn't do that," Zhong He continued. "Besides, companies aren't stupid, why wouldn't they do their own investigation?!"

What the hell are you investigating?
Fang Qingye complained in his heart.

Learning from the previous experience, if a change of major shareholder is truly necessary, the county leaders will definitely take it into consideration and look for local enterprises or financial investment institutions, rather than enterprises from Inner Mongolia Province.

But local businesses don't know the ins and outs of this, unless they are large banks like Oriental Bank that have close ties with the China Banking Regulatory Commission.

Unfortunately, Dongfangxing was not interested in investing in town banks.

After dinner, we went to the sauna and stayed until 10 pm before dispersing.

Since he had been drinking and couldn't drive, but there were designated driver companies in Huijing, he found one and left first.

Zhong He wanted to go to Shi Guangrong's room for a chat, but he wouldn't have time tomorrow because he had to go to work.

Back in their room, Zhong He took out a pack of "Nanjing" cigarettes and offered one to Shi Guangrong, who politely declined. He lit one himself and said, "Your friend seems quite interested in Nanxin Rural Bank."

"Yes, there is some truth to that, but he's from Nanxin, so it makes sense," Shi Guangrong explained.

“It’s not that simple.” Zhong He shook his head.

"I feel he wants to acquire a stake in Nanxin Rural Bank."

(End of this chapter)