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

Chapter 599 Now that the tide has gone out, let's see who's been swimming naked!
In the office, Zhao Wenjun stood by the window, smoking a cigarette while answering the phone, slightly surprised:
"You mean Fang Xing went to your branch this morning to demand a thorough investigation into interbank business?"

"Yes, first they focused on inquiring about business dealings with Changxin Bank, and then they demanded a thorough investigation of all business dealings with other banks."

The caller was Wei Hang, the vice president of Jinghai Bank. He took some time in his office to tell Zhao Wenjun everything.

"That would be lively!" Zhao Wenjun said with a smile.

"Fang Xing called me this afternoon to discuss the construction of the Jinghai Bank Building, but I didn't expect it to be about this. The cash shortage has now spread to the Jinghai area, and this is no joke. We need to investigate this thoroughly!"

"Yes, these two overseas-returned branch managers at the Pudong branch are too audacious, especially Gao Pan, who hasn't been here long. He makes those financial products look terrifying, and he calls it keeping up with modern financial trends and innovation."

"Haha. Let him innovate, let him be a trendsetter. Now that the tide has gone out, let's see who's been swimming naked!" Zhao Wenjun sneered, then said, "Wei Hang, keep a close eye on them and see if they deliberately conceal any products suspected of being illegal. Report to me immediately if you find anything!"

"No, not at all. President Chen is a very upright man. He wouldn't do something like this to deceive his superiors." Wei Hang laughed on the other end of the phone. "Besides, if he suppressed something and something went wrong, wouldn't he be taking the blame for Gao Pan? He's not that stupid."

"Okay, report any new developments to me immediately!"

"Okay, hanging up."

Zhao Wenjun put her phone in her pocket, took a drag on her cigarette, and smiled faintly.

There used to be a so-called "Eastern Gang" within Jinghai Bank. The bank president, Fang Qingye, was the biggest leader.

However, Fang Qingye did not give much preferential treatment to his former colleagues; he valued ability and academic qualifications more.

Now, those who came from Dongfangxing don't dare to easily form cliques. Fang Qingye doesn't care about this, so how dare others cause trouble?

Moreover, with the establishment of the Pudong branch, Jinghai Bank now has another small faction, known as the Pudong Gang.

Most of the employees at the Pudong branch were recruited in Shanghai, and they were not familiar with the employees in Nanxin, so they formed their own small group without realizing it.

Unlike the traditional businesses of other branches of Jinghai Bank, the Pudong branch mainly develops new businesses, such as internet finance and digital banking. Although this was at Fang Qingye's behest, it has formed its own system and is incompatible with other branches of Jinghai Bank.

In particular, Gao Pan turned interbank business, a project that other branches usually didn't pay much attention to, into something extraordinary, which aroused even more dissatisfaction among his colleagues in other branches.

More importantly, the Pudong branch now accounts for half of the business of Jinghai Bank!
Whether it's jealousy or differing ideologies, Zhao Wenjun and the others simply don't care for Chen Danlu's ideas.

Normally, with Fang Qingye backing them up, Chen Danlu and his group steal all the limelight, leaving Zhao Wenjun and the others angry but unable to speak out. But now things have turned out differently!
Fang Qingye must be thoroughly investigated!
Ha ha
What goes around comes around.

Zhao Wenjun smiled and lit another cigarette.

Meanwhile, on her way back to Nanxin, Fang Qingye called Director Ma again to inform him that in addition to the bank president's meeting at 2:00 PM, there would also be an expanded meeting at 2:30 PM, which would be attended by all department heads, branch managers, and business hall directors.

"Once this notice is issued, no leave is allowed except in special circumstances! Anyone who needs leave should ask me directly!"

"Okay, I'll issue the notification right away."

After returning to Nanxin by car, Fang Qingye did not rush to the bank headquarters, but instead went to Huacheng Development Company to meet with General Manager Luo Yan, mainly to inquire about the company's cash flow situation.

"Don't worry, Chairman Fang, we noticed this problem in the first half of the year and accelerated the pace of inventory reduction to recover funds as much as possible. Now, there is no problem with cash flow," Luo Yan said.

"That's good. The country is tightening credit now, and major banks are restricting loans to real estate companies. Loans are not so easy to obtain, so you need to pay attention to the company's cash flow."

"That's right. Originally, President Su of Dongfang Bank promised us a loan of 3000 million yuan, but when it was submitted to the city branch, their review was rejected! They said the loan amount was too large and did not meet the current policy requirements," Luo Yan said.

"Will this have a big impact on the company? Should I go to the city to talk to their bank manager, Mr. Wang?" Fang Qingye asked with concern.

"Never mind, I won't bother you. I went to Director Zhang of the Construction Bank again, and they agreed to lend the money. The application materials have been submitted, and the city has already approved it."

Fang Qingye was very satisfied with Luo Yan's words. This woman was indeed capable.

Unfortunately, real estate is not a key industry for their development, so they won't invest too much effort and money in it.

Otherwise, she would have had a bigger stage.

Of course, Fang Qingye would not say these things.

"Thank you for your hard work. If you encounter any problems you can't solve, just let me know," Fang Qingye said.

"Well, Jinghai Bank can't restrict our loans, can they?" Luo Yan said with a smile.

"How could that be?" Fang Qingye laughed: "Let alone Huacheng Development, I wouldn't restrict loans to any other real estate company."

“Your position as bank manager is truly unique compared to other bank managers,” Luo Yan said with a smile.

“I don’t have that many mothers-in-law, so I’m in charge. Okay, I’m leaving now. I have a meeting at the bank this afternoon, and things there are much more complicated.”

After leaving Huacheng Company, Fang Qingye went to his parents' house. His mother had retired and had nothing to do at home. He mainly went there to talk to his mother about white lotus root.

Zhang Meili still cares a lot about her daughter-in-law.

"Xiao Ye, have lunch at home," Zhang Meili said finally.

"Mom, what are you doing?"

"Scrambled eggs with tomatoes".

Me! @#￥%
"Mom, I have a business dinner to attend and can't come home for lunch. I'll come back tomorrow." With that, Fang Qingye turned and left.

"You little rascal, you think your mom's cooking is bad?!" Mom laughed and scolded from behind.

It is good to know.

Eating this stuff is not as good as eating Grandma's cooking at the nursery.

After having lunch at the nursery, Fang Qingye planned to rest for a while before going to a meeting at the bank. Unexpectedly, she was woken up by her phone ringing. When she saw that it was Director Luo calling, she quickly answered the phone.

Fang Qingye thought he was going to tell her that Baopay's payment license had been approved, but unexpectedly, the other party said, "President Fang, the interbank lending rate in Shanghai has recently skyrocketed. Has this affected your Jinghai Bank?"

"Thank you for your concern, Director Luo." Fang Qingye replied, "There is no impact for the time being, because our Jinghai Bank's interbank business is basically lending, and a high interbank lending rate is actually good for us. However, we have decided to strictly review interbank business, restrict interbank lending and deposits, and ensure our bank's own liquidity."

"Yes, it's better to be cautious. This so-called cash crunch will affect small and medium-sized banks like yours the most. You are one of the pilot banks for the central bank's digital finance. Don't let anything happen to you."

"Don't worry about that. I'll hold a meeting this afternoon specifically to discuss this matter. We'll thoroughly investigate all interbank business and deal with any irregularities as soon as possible," Fang Qingye explained immediately.

“Your idea is excellent. This so-called cash crunch is largely due to a few financial institutions engaging in arbitrage and illegal interbank lending. The China Banking Regulatory Commission will soon issue regulations on interbank business to standardize these behaviors.”

"In the past, when there was a liquidity crunch, the central bank would usually intervene in the market, injecting funds to stabilize the cost of money. This made many financial institutions dependent on the central bank, and they were waiting for the central bank to intervene this time! However, they miscalculated this time; the central bank will not intervene!"

Fang Qingye was startled upon hearing Director Luo's words.

If this news were known to others in the financial industry, it would be absolutely astonishing. Fang Qingye, being a reborn person, also knew this history, so he wasn't particularly surprised.

He was surprised that Director Luo would tell him this.

(End of this chapter)