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

Chapter 744 Liu Shuai Takes Action to Warn Lin Wei

Lin Wei looked at her and asked, "What's your relationship with that Liu Shuai like?"

"It's alright, but definitely not as good as Fang Qingye," Zhang Dongwen said honestly.

"Oh, your classmate is here for an inspection today, and you're participating in the reception."

"Ok."

At 2:30 p.m., Liu Shuai, dressed in a dark blue suit, wearing an employee badge, a white shirt and a black tie, appeared on the 46th floor of the Shanghai World Financial Center with two staff members from the China Banking Regulatory Commission. As the elevator doors slowly opened, he saw Zhang Dongwen, wearing a gray office lady skirt and an employee badge around her neck, standing at the door and bowing slightly to him.

"Welcome Director Liu to our company for research."

Liu Shuai smiled broadly: "Dongwen, we're old classmates, why are you being so polite? Is your CEO Lin here?"

"Yes, I'm waiting for you in the conference room. This way, please."

Zhang Dongwen led Liu Shuai into a conference room, where an oval conference table had three nameplates on it, with Liu Shuai's name written in the center.

Lin Wei and two staff members were inside.

"Welcome, Director Liu, to provide guidance." Lin Wei smiled and extended her right hand: "Congratulations, Director Liu, on your promotion."

"You're too kind, Ms. Lin." Liu Shuai held Lin Wei's soft hand, speaking in a joking tone: "Whether it's our position or not, we're all serving the people and everyone here, aren't we?"

"Liu Chuzhen knows how to talk, please."

Liu Shuai sat in the main seat, his face already bearing a professional smile: "President Lin, everyone, the main reason I've come to your company this time is to implement the spirit of the 'Guidelines for Risk Management of Off-Balance Sheet Business of Commercial Banks (Revised Draft for Comments)' recently issued by the state, and to conduct research on your company's off-balance sheet business in accordance with the relevant provisions of the document."

Liu Shuai succinctly explained the purpose of the research visit, and Lin Wei immediately said, "Director Liu's visit to our company is also a boost to our work. I will now give a report on our company's work in this regard."

Lin Wei took out a document and began to read it aloud, mainly about Goldman Sachs China's financial investment department's recent off-balance-sheet business operations and self-examination. Liu Shuai listened very attentively, constantly taking notes in his notebook.

After Lin Wei finished speaking, Liu Shuai first affirmed the work done by Goldman Sachs' China Financial Investment Department and thanked them for their support of the China Banking Regulatory Commission's work. At this point, he looked at Lin Wei and suddenly changed the subject:
"Mr. Lin, we have been paying attention to a phenomenon recently. Some domestic investment funds are flowing through corporate channels to overseas institutions that are completely inconsistent with the product descriptions, such as investment institutions like the D.E. Shaw Group."

Upon hearing the name "De Shao," Lin Wei's eyelashes trembled almost imperceptibly.

Liu Shuai didn't give her time to explain, and continued in a calm and earnest tone: "President Lin, in the current market environment, any complex structure involving cross-border funds is prone to attracting excessive attention. For example, some time ago, a huge sum of money flowed from Jinghai Bank to the overseas Deshao Group, which has already aroused the suspicion of Jinghai Bank."

He leaned forward slightly, showing a sincere and open attitude:
"To protect Goldman Sachs' reputation, I suggest that your company proactively engage in full and transparent communication with Jinghai Bank. After all, eliminating the concerns of partners and maintaining market confidence is not only in Goldman Sachs' interest but also the proper course of action for a responsible institution."

"What we hope to see is that market participants can exercise self-discipline, conduct self-examination, and self-correction. If problems can be clearly explained and discussed in the early stages to avoid misjudgments, this is the best option for all parties."

Liu Shuai's words were very sincere and gentle, but they had a different meaning to Lin Wei.

Warning!
Zhang Dongwen, who was sitting on the side, naturally heard it too, and her face immediately turned pale. She couldn't help but steal a glance at Lin Wei, who was sitting opposite Liu Shuai. Seeing that Lin Wei was still smiling, she immediately calmed down.

"Director Liu is right. Our company will communicate fully with Jinghai Bank to dispel your doubts."

"That's good." Liu Shuai then asked the two staff members he had brought with him if they had anything to add. The two naturally shook their heads.

"So, Mr. Lin, is that all for now? Shall we come down and take a look at your relevant documents?" Liu Shuai asked. "Sure, please wait a moment, I'll have my staff bring the documents."

Soon, two employees brought over a large stack of folders containing the information they needed to consult.

"Alright, Mr. Lin, you go ahead with your arrangements. One person can stay and assist us; the rest of you can leave."

"Okay, Dongwen, you stay."

After Lin Wei finished speaking, she left with the remaining people.

Liu Shuai sipped his tea and calmly began to peruse the documents. The entire conference room was very quiet except for the rustling sound of his pages turning.

At 5 p.m., the survey concluded and Liu Shuai and his team prepared to leave.

"Dongwen, we will report the problems found in today's survey to your company in writing, and you must rectify them within a specified period."

“Okay,” Zhang Dongwen replied quickly.

In truth, she knew perfectly well that these documents wouldn't reveal any problems!
Of course, there are bound to be some formatting or trivial issues; otherwise, how can the role of the research team be demonstrated?

The biggest problem is that there are no problems!

Lin Wei arrived at the conference room at this moment and invited with a smile, "Director Liu, why don't you have some food before you leave?"

"Thank you, but we now have eight regulations that prohibit research units from dining out. I appreciate your kind gesture, goodbye Mr. Lin."

"Goodbye, Director Liu, welcome to come and do your research anytime." Lin Wei smiled as she escorted the three to the elevator. After watching them enter the elevator and the doors slowly descend, the smile on her face disappeared, and she said to Zhang Dongwen beside her, "Come to my office."

After Zhang Dongwen entered the office, Lin Wei asked, "Did Director Liu say anything to you in the conference room?"

"Aside from asking about some minor issues with the materials, they didn't say anything else," Zhang Dongwen quickly replied. "They didn't even ask me about the Jinghai Anying-Intelligent Manufacturing Phase I project."

"Do I even need to ask? He came here today specifically for this!" Lin Wei said with a cold snort.

"Then, Mr. Lin, what should we do? You just said that we should communicate fully with Jinghai Bank. Do we really need to communicate with them?"

"If we don't communicate, do you think you, my old classmate, will let this go? You'll probably keep an eye on us!" Lin Wei sneered again.

Zhang Dongwen stood silently without saying a word.

Lin Wei pondered for a moment before saying, "Dongwen, draft an explanation letter for Jinghai Bank, and remember a few key points:"
"First, we need to focus on describing our accounts receivable financing arrangements with the three manufacturing companies, and write this part in detail so that President Fang can see our solid underlying assets."

“Secondly, we can mention the professionalism of our risk hedging through the D.E. Shao Group.” Lin Wei said, picking up her coffee cup, taking a sip, and continuing, “The participation of top international quantitative funds is itself the best endorsement of our credibility.”

“The CDS portion should be retained,” she said, giving Zhang Dongwen a meaningful look. “This demonstrates professionalism. We need to see if President Fang can truly understand this situation!”

(End of this chapter)