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

Chapter 786, page 785: "Sigh... it's truly a battle of gods, a mere mortal like me can't stand up to it..."

Fang Qingye sipped her tea and browsed online financial news.

Just yesterday, Longwei Media suddenly issued an official statement saying that it is raising funds on its own to acquire Wanjia Culture. Although CITIC Bank terminated its loan intention for some reason, another bank has agreed to provide funds, and the acquisition is progressing steadily.

As soon as the news broke, Wan Jia Culture's stock price rose.

A certain bank?

At this point, which bank would dare to defy public opinion and lend money to Longwei Media?!
Fang Qingye quickly locked onto her target – only Baoshang Bank, controlled by Xiao Jianhua, would make a move at this critical juncture, whether proactively or passively.

Saving Longwei Media is saving Xiao Jianhua himself!

Thinking of this, Fang Qingye picked up her phone and dialed the number of Chen Yue, the board secretary of Baoshang Bank.

"Secretary Chen, I need detailed information on all loans, borrowings, and financing collateral projects of Baoshang Bank that exceed 100 million yuan in the past month and the next month. I want to emphasize that I do not want the previous incident to repeat itself."

Fang Qingye's tone was stern. Chen Yue on the other end of the phone was silent for a moment before whispering, "Understood. We will report the facts this time."

"As soon as possible, I need to see the documents before I leave work today."

"Ok."

Chen Yue hung up the phone, a bitter smile flashing across her face.

Baoshang Bank is really going through a rough patch.

Internal conflicts are escalating, with board members harboring their own agendas. Even Fang Qingye, who usually doesn't get involved in specific business matters, is now starting to interfere.

Sigh... her job as a company secretary is getting harder and harder.

Despite the complaints, the work still had to be done. Chen Yue immediately went to the second-floor credit department, found Minister Hu, and conveyed Fang Qingye's request, asking him to arrange for someone to compile the data and submit it immediately.

"All of them?" Minister Hu hesitated.

“Yes, all of them.” Chen Yue looked at him. “It’s the directors’ right to know about the bank’s loan situation. This isn’t off-balance-sheet or interbank business. What are you worried about? Besides, is Fang Qingye someone to be trifled with?”

Minister Hu did not speak again.

A while ago, when the staff of the interbank department submitted off-balance-sheet items as requested by Fang Qingye, they failed to report a business that provided custody services for Hengtai Securities' ABS project. As a result, Fang Qingye somehow found out about this project and immediately flew into a rage, questioning them by phone and submitting a proposal to severely punish the relevant personnel and department leaders.

Finally, the employee in charge of statistics was dismissed, and the deputy director of the industry department was publicly criticized and had three months' performance bonus withheld before the matter was settled.

He certainly didn't want to be in that line of fire.

"Okay, I'll arrange for someone to organize it today."

Seeing that Minister Hu had agreed, Chen Yue turned and left, unable to help but sigh softly, "Sigh... it's truly a battle of gods, and it's tough for a nobody like me..."

Before leaving get off work in the afternoon, Fang Qingye indeed received the loan information from Baoshang Bank. He immediately noticed the loan proposed to be issued to Longwei Media:

The amount is 14.99 billion yuan, the term is five years, and the collateral is 1.85 million shares of Wanjia Culture to be acquired in the future!

They really did set their sights on Baoshang Bank.

Fang Qingye sneered inwardly.

Now that I know, I will never let you succeed!
After get off work, Fang Qingye returned to the nursery, had dinner, took her old dog Wangcai for a walk, and then dialed a number on her phone after returning to her room—Tang Qing from the Inner Mongolia Banking Regulatory Bureau.

"Director Tang, I'm sorry to bother you tonight."

"It's nothing. Is Baoshang Bank up to something new again?" Tang Qing asked casually, with a joking tone.

“You guessed right.” Fang Qingye explained in detail the matter of Baoshang Bank’s proposed loan to Longwei Media. “This is the information they provided to me; it’s absolutely reliable,” he emphasized at the end.

"Sigh... Baoshang Bank is courting disaster." Tang Qing sighed on the other end of the phone. "After verifying the major off-balance-sheet projects you sent us a while ago, we found three violations involving a total of 104 billion yuan. We have already asked them to rectify them immediately. And now they've pulled this stunt!"

“This loan is also clearly problematic, as it uses a ‘stock-pledged revolving loan’ model, which is prohibited by the state repeatedly. Our Jinghai Bank even organized a special study session on the CBRC’s documents some time ago.” Fang Qingye said calmly, “They are going against the grain.”

"Yes, some people are blinded by greed and willing to take risks," Tang Qing said calmly.

The two understood each other without saying a word.

But none of them mentioned the person's name.

After a moment, Tang Qing asked, "President Fang, what are you planning to do?"

"First, I will submit a resolution in my capacity as a director, requesting a board meeting to reject the loan application."

"I'm afraid you can't make a difference on your own."

“That’s right, but we must make our stance clear.” Fang Qingye paused, then smiled and continued, “Furthermore, I plan to leak this information to the relevant media. That way, your Inner Mongolia Banking Regulatory Bureau can intervene legitimately.”

"Which financial media outlet do you have a good relationship with? Caijing, Caixin Weekly, or Caijing National Weekly?" Tang Qing asked curiously.

Fang Qingye chuckled and said, "Hehe, I'm not very familiar with them, but I am the chairman of ByteDance."

"Ha, I forgot about your position. Looks like no one will dare to offend you easily in the future." The two joked.

The next morning, Chen Yue, the board secretary of Baoshang Bank, received an email from Fang Qingye with a title that made her heart skip a beat:
"Proposal to Reject the Provision of a 14.99 Billion Yuan Stock-Pledged Loan to Xizang Longwei Culture Media Co., Ltd."

The document lists four major risks associated with this loan:

The borrower is a shell company with no ability to fulfill its obligations.
The value of the pledged assets is deeply tied to the success or failure of the loan, forming a "logical closed loop";
Excessively high leverage, resulting in a severe imbalance between risk and return;

Facing severe regulatory and reputational risks...

The document concludes by stating: "In summary, the essence of this loan is that a shell company is using assets that it has not yet received and whose value depends entirely on the outcome of this financing as collateral to engage in a high-risk gamble. This action completely violates relevant national policies and regulations and our bank's prudent risk management culture."

"Therefore, I formally propose to reject the 'Proposal on Providing RMB14.99 Billion in Stock Pledged Loans to Xizang Longwei Culture Media Co., Ltd.,' and request the Risk Management Department to use this case as a negative example to reiterate our bank's principle of not accepting high-risk financing that uses 'acquisition targets' as the main or even sole collateral."

The harshness of the wording and the firmness of the stance made Chen Yue's heart pound.

Oh no... I've stirred up a hornet's nest again.

She didn't dare delay and immediately printed out the document, delivering it to the desk of Chairman and President Wang Zhenxi.

Wang Zhenxi frowned immediately upon seeing this.

"How did Fang Qingye, who is thousands of miles away, know about this loan?"

“Yesterday, President Fang sent an inquiry letter requesting a report on recent large-scale loan projects, so I asked Director Hu of the Credit Department to compile a list and send it to him,” Chen Yue explained.

Upon hearing this, Wang Zhenxi couldn't help but rebuke, "Chen Yue, do you even have a brain?! How could you tell him about this loan?"

Chen Yue felt somewhat aggrieved: "Chairman Wang, can we really not report this? Last time, when we didn't report the Hengtai Securities ABS custody service issue, he flew into a rage and made a huge fuss. If we don't report it this time, who knows what kind of trouble he'll cause?"

"Sigh..." Wang Zhenxi was speechless for a moment and waved his hand. "Alright, you can go out now."

After Chen Yue left, Wang Zhenxi pondered for a moment, then picked up his phone and called Xiao Jianhua, who was in Hong Kong, to explain the situation.

Upon hearing this, Xiao Jianhua flew into a rage on the other end of the phone, yelling, "Wang Zhenxi, do you even have a brain? How could you let him know about this?!"

(End of this chapter)