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

Chapter 597 (596): The "Money Panic Wave" is Coming!

In addition to building the Tuofang Building in Pudong, Fang Qingye also plans to build the Jinghai Bank Building in Nanxin, changing the history of Jinghai Bank's leasing of office space.

Of course, this matter needs to be decided at the bank president's meeting.

Fang Qingye stayed in Shanghai for three days, settling his wife and mother-in-law in and hiring a nanny for them. He also established a confidential R&D department at Tomorrow Cube Company, led by Zhou Shengxuan and Huang Hua, to develop a large-scale AI model.

Having done all this, he prepared to return to Nanxin.

In the morning, Fang Qingye got up and ate fish soup noodles made by her mother-in-law with Bai Ou.

Since her mother-in-law came to Shanghai, Fang Qingye and Bai Ou no longer have to get up early to eat bread and drink milk, but instead can enjoy Nanxin's special breakfast.

Fish soup noodles are a specialty of the neighboring county of Nanxin, but the people of Nanxin also enjoy eating them. The ingredients are wild crucian carp, eel bones, and pork bones, paired with handmade thin noodles. The soup base needs to be stir-fried three times and simmered until it turns milky white, resulting in a delicious flavor.

Bai Ou is pregnant, and eating fish is good for her health, so Fang Qingye also benefits from it.

Fang Qingye doesn't like looking at her phone while eating, but Bai Ou does. She browses various news while eating noodles, and suddenly exclaims "Oh dear!"

"What's wrong?" Fang Qingye asked with concern.

According to online reports, Han Yu, the former Wall Street investment genius and general manager of the capital department of Changxin Bank, committed suicide by jumping from his office in the Shanghai World Financial Center.

"Han Yu committed suicide by jumping off a building? What was the reason?" Fang Qingye asked.

"The official report didn't mention it, but industry analysts say it's related to Changxin Bank's illegal guarantee of a luxury tourism real estate project. Now the government is cracking down on real estate loans, which has led to the project's inability to repay the loan when it matured. As a result, liquidity has tightened recently and market interest rates have risen. Changxin Bank secretly held bonds on behalf of others, resulting in a loss of 20 billion yuan. Han Yu couldn't explain himself, so he committed suicide. I don't know if this reason is true or not."

Bai Ou concluded.

It's true.
Fang Qingye remembered that she had heard about this before her rebirth; it had caused quite a stir in the financial world.

Changxin Bank is not a small bank, but a well-known joint-stock bank in China with total assets of 2 trillion yuan!

Fang Qingye had also heard of Han Yu; he was somewhat famous in the industry.

Pity.

Of course, he just sighed; it had nothing to do with him. He was thinking about something else.

"After I finish eating, I'll go to the Pudong branch first, and then go back to Nanxin."

At this moment, her husband suddenly mentioned going to the Pudong branch. Thinking of what she had just said about Han Yu's suicide by jumping off a building, Bai Ou became a little nervous and quickly asked.

"What, does this involve the Pudong branch?"

"This matter shouldn't concern us, but the Pudong branch and Changxin Bank have business dealings, so I need to go and inquire about the details. You can continue eating; I'll be going now." With that, Fang Qingye wiped her mouth and hurriedly left.

"Be careful!" Bai Ou reminded her, without saying anything else.

Bai Ou is involved in all of Fang Qingye's companies, except for Jinghai Bank.

Financial business is quite complex, and Bai Ou knows she is a novice in it, so she usually doesn't get involved. Moreover, Fang Qingye doesn't seem to let her get involved either, always doing everything herself.

This was a bit unbelievable to Bai Ou, who liked to be lazy.

"Perhaps his first job was as a bank clerk, and he genuinely liked the job? Or maybe it was reserved for her? Hmm. That's it." Bai Ou thought as she slowly ate her noodles.

After Fang Qingye finished her meal and left the villa, Yue Kai was already waiting for her in his car at the entrance of the courtyard. Once in the car, Fang Qingye instructed him to head straight to the Pudong branch.

It was a little past seven in the morning, right in the middle of Shanghai's rush hour. Cars were everywhere, moving in and out of traffic. But Fang Qingye wasn't in a hurry. She sat in the back seat, her eyes slightly closed, lost in thought.

A cash crunch is coming!

A "cash crunch" refers to a liquidity crisis in the financial industry, characterized by an abnormal surge in interbank lending rates. Simply put, it means the banks are out of money!
This thing can cause serious problems, like banks closing down and people dying!
Han Yu of Changxin Bank is a typical example.

When Fang Qingye held a meeting at the beginning of the year, he only reminded the branch managers to pay special attention to liquidity issues this year, without emphasizing it further.

If you talk too much and manage too much, your subordinates will become dependent and lack independent thinking and judgment, which is very dangerous.

Employees must be allowed to have their own ideas and to make mistakes.

Fang Qingye arrived at the Pudong branch at 8:10 a.m. Although it hadn't officially opened for business yet, the employees were already at work. Fang Qingye went up to the second floor and saw Chen Danlu walking towards her with a notebook in her hand.

Chen Danlu was surprised to see Fang Qingye arrive suddenly and quickly greeted him, "Fang Xing, didn't you say there would be a president's meeting at headquarters this afternoon? What brings you here?"

"There's something I'd like to know."

Fang Qingye spoke casually, but Chen Danlu felt a chill and quickly said, "Then I won't go to the morning meeting."

"No need, you go ahead and open it. After you're done, have the two vice presidents come over too," Fang Qingye said.

"Okay, Fang Xing, please have a seat in my office. I'll be right there after the meeting." Chen Danlu ushered Fang Qingye into his office, poured her a cup of tea, and then hurriedly left.

Fang Qingye rarely went to Chen Danlu's office. Sitting on the sofa, she casually looked around. The office was no different from the other branch managers' offices in Jinghai Bank, except for the addition of a coffee machine. It seemed that she had developed a habit of drinking coffee during her years in the United States.

Perhaps because of Fang Qingye's arrival, the branch's morning meeting ended after only 20 minutes, and Chen Danlu led two other vice presidents into the office.

Since Ren Yaling resigned to become the CEO of Baopay, the Pudong branch has recruited a vice president in charge of business named Gao Pan. Gao Pan was originally a senior staff member in the investment department of the Shanghai branch of Oriental Bank. He is also a returnee from overseas, a graduate of the University of Chicago Booth School of Business with a master's degree, and an alumnus of Chen Danlu, four years his junior. He was recruited by Gao Pan.

Another one is Wei Hang, who was transferred from the Nanxin Liulin branch.

Chen Danlu felt a little uneasy.

After nearly a year of getting to know each other, he understood Fang Qingye's temperament. She didn't like to take power, let her subordinates do things, and wouldn't interfere.

Therefore, even though the Pudong branch has been established for almost a year, Fang Qingye has not visited often. Whenever there is something to discuss, she contacts him by phone or asks him to return to the Nanxin headquarters.

His sudden appearance today must mean something big is going on.

"Fang Xing, what's the matter?"

Instead of answering directly, Fang Qingye asked, "Have you seen the news about Han Yu, the general manager of the finance department of Changxin Bank, committing suicide by jumping off a building?"

"I only heard about it from a colleague during the meeting just now, and I was very surprised," Chen Danlu replied. "When I was in the United States, I met Han Yu once on Wall Street in New York, at a gathering of overseas students. He seemed very shrewd and had excellent speaking skills. I never expected him to commit suicide by jumping off a building."

In the end, Chen Danlu looked regretful.

Of course, Chen Danlu knew that Fang Qingye's sudden mention of this matter was not to commemorate the person. So he continued, "Han Yu committed suicide. The internet says that Changxin Bank illegally guaranteed a luxury tourism real estate project. But Fang Xing, don't worry, although we have business dealings with Changxin Bank, we are not involved in this project."

Chen Danlu felt relieved.

Thankfully, I wasn't caught in it.

“I know that,” Fang Qingye asked. “What I want to know is, how much interbank business do we have with Changxin Bank?”

(End of this chapter)