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

Chapter 773 How to break the situation
"Yes," Fang Qingye said frankly, then asked in return, "Do you think Baoshang Bank will become the custodian bank for Hengtai Securities' ABS project?"

“Because the predecessor of Jinghai Bank—Nanxin Rural Bank—collapsed and was restructured due to the illegal misappropriation of funds by its major shareholder, Baoshang Bank, I am very interested in this history, so I did some research and checked their equity structure. I found that its major shareholder was actually Mintian Group. Therefore, I believe that Baoshang Bank will become the custodian bank,” Chen Danlu explained.

“Your analysis makes a lot of sense.” Fang Qingye nodded, but suddenly raised another question: “But, if the other party knows that they are competing with Jinghai Bank for this business, and that I am the president of Jinghai Bank, won’t they be wary of me?”

Chen Danlu was speechless.

"But I'll give it a try no matter what," Fang Qingye replied. "You guys go back and think carefully about whether there are any other solutions."

After the two left, Fang Qingye pondered for a while, then took out her phone and dialed a number, which was to Chen Yue, the secretary of the board of directors of Baoshang Bank.

"Chairman Fang, what are your instructions?" Chen Yue asked respectfully on the other end of the phone.

After a brief exchange of pleasantries, Fang Qingye got straight to the point: "Secretary Chen, the People's Bank of China recently issued the 'Guidelines for Risk Management of Off-Balance Sheet Business of Commercial Banks (Revised Draft for Comments),' requiring all banks to make rectifications. Has Baoshang Bank released its rectification report yet?"

"I'm sorry, Chairman Fang, the report is still being drafted. Once it's completed, I will send you an electronic copy as required."

"Okay, Mr. Chen, I would also like to know what major transactions our bank has provided custody, underwriting or fund supervision services for in the past three months and the next six months, including but not limited to asset securitization (ABS), bond issuance, structured financing, etc.? If so, please send me a list of projects and a summary. If necessary, I will inquire about this matter with the board of directors and the bank's management in a formal 'Director's Inquiry Letter'."

Fang Qingye spoke calmly. After a few seconds of silence, Chen Yue on the other end of the phone replied, "Chairman Fang, please wait a moment. I will report this to Chairman Wang and then give you an answer."

"can."

Fang Qingye hung up the phone and, instead of waiting, dialed another number, this time to Tong Ming, the general manager of Shencheng Taichuang Investment.

At that moment, Tong Ming was in his office discussing work with his assistant—creating a credit matching business based on order financing for a company—when his phone rang. He took it out and stared blankly for several seconds.

Fang Qingye!
The two hadn't been in contact since that night at a teahouse on the Bund. What could be the reason for the sudden phone call after more than two years?

After calming down, Tong Ming said to his assistant, "That's all for today. You prepare a report for them as I suggest, and we'll discuss it further later."

He waited until his assistant left the office before answering the phone: "President Fang, hello."

Long time no see, hope I haven't bothered you?

"No, you say."

"You haven't forgotten what we talked about in the teahouse on the Bund two years ago, have you?"

“Of course not.” Tong Ming said, glancing unconsciously at the door again, and lowered his voice: “However, I haven’t found any major illegal or irregular projects by New Era Trust. Of course, it’s also possible that I don’t know, since I’m not with New Era Trust. Although I’m very familiar with their General Manager Zhang, he might not tell me everything.”

“I understand. I’d like to ask you about something: Did New World Trust recently complete a billion-dollar ABS project for Hengtai Securities?” Fang Qingye briefly recounted the events over the phone, and clearly told the other party that Jinghai Bank was competing with Hengtai Securities for this business.

"This ABS project may not be illegal; I just want to know the specifics," Fang Qingye concluded.

Tong Ming smiled after hearing this: "President Fang, you not only want to know if the other party has this project, but also want to know the specific details. That's quite difficult."

"one million."

"OK! President Fang is so decisive, deal!" Tong Ming immediately agreed: "When do you need it?"

"The sooner the better. I'm currently in Yongjiang vying for this deal with Hengtai Securities. If they win the project and officially sign the contract with the local government, the information you gave me will be meaningless." "OK! Understood! Our company happens to have a new cooperation project with New Era Trust, I'll get started on it right away." Tong Ming didn't hesitate.

"Okay, good luck."

While Fang Qingye and Tong Ming were on the phone, Chen Yue, the board secretary of Baoshang Bank, was also reporting the matter to Chairman and President Wang Zhenxi.

"Why did Fang Qingye suddenly do this?" Wang Zhenxi lit a cigarette and fell into thought.

It should be noted that although Fang Qingye is a director, he rarely cares about the affairs of Baoshang Bank. He has rarely attended board meetings and often takes leave.

Why did I become interested today?
Suddenly, Wang Zhenxi realized something and a smile appeared on his face: "I understand Fang Qingye's intention!"

"Chairman Wang, what are his intentions?"

"On the surface, he asked you about the major transaction projects for which our bank has provided custody, underwriting, or fund supervision services recently. In reality, he just wanted the custody service we provided for Hengtai Securities' ABS project with Yongjiang City Investment's 10 billion yuan corporate bond as the underlying asset!"

"Because Fang Qingye's Jinghai Bank is competing with Hengtai Securities for the underwriting rights to this corporate bond!"

Chen Yue suddenly realized.

This ABS project has a leverage ratio of nearly 30 times. Once the bond issuer, Yongjiang City Investment, finds out about this, it will definitely interrupt negotiations with Hengtai Securities and switch to Jinghai Bank instead.

Who would willingly use their own issued bonds as "bridge financing" and bear risks that don't belong to them?!
"Then, how should I answer Chairman Fang? He's waiting for my call," Chen Yue asked.

"Just compile and report according to his requirements, but don't include the Hengtai Securities ABS project. If he asks about it later, just say it was an oversight by the staff."

"Okay, I'll get back to you right away." Chen Yue said and walked out.

After Chen Yue left, Wang Zhenxi pondered for a while, then took out his phone and dialed the number of Niu Zhuang, CEO of Hengtai Securities.

"Hey, Mr. Niu, you need to hurry! Fang Qingye has already called to ask about this ABS project!"

"How did he know about ABS? You're asking me? Who am I supposed to ask?"

"Why did Fang Qingye call to ask me? Don't forget, he has another identity: a director of Baoshang Bank! Do you think he's qualified?"

"Stop with the nonsense! We're in this together! Get things done quickly! Don't let the big boss down!"

After hanging up the phone, Wang Zhenxi snorted coldly: "More trouble than they're worth! Why did they have to snatch the Yongjiang project?!"

"Isn't it just that Little Swallow's company needs funds to acquire Wanjia Culture? I don't know what the big boss was thinking. Hengtai Securities is in such a state now, and he still lets him do such lousy things!"

"Could it be that the big boss and Little Swallow..."

Wang Zhenxi couldn't help but gossip in his mind.

(End of this chapter)