In name only: I will break the chess game in Handong!

After thinking about it, Chen Luo still had no clue...

Finding a sucker like this is too difficult, unless there's no other choice, hiss! In an instant, a flash of inspiration struck Chen Luo.

Tianlong Group!

His eyes grew brighter and brighter as Chen Luo squinted, already plotting something. Of course, whether it would succeed or not was still hard to say.

After leaving Hengda Group, there were some things that Kang Jingmin knew how to do without Chen Luo having to explain them.

Xu Yin was placed under direct surveillance. At the same time, when Chen Luo left, he bluntly told him that if he wanted to save his life and if his wife and children could live a normal life in the future, he should transfer all the assets he had transferred back to China and let his wife and children return to China as well.

Whether you stick your neck out or not, you'll get stabbed anyway; attitude is very important!

Whether Xu Yin can listen to that is not Chen Luo's concern.

Inside the car, Chen Luo's secretary, Xu Yang, was focused on driving. Qiu Kai was in the passenger seat, and Chen Luo and Tang Ning were in the back.

The situation is somewhat complicated, and the three of them need to reach a consensus first.

"Governor, the problems with Hengda Group are very serious! Let's not even mention those money laundering trust financial institutions for now."

How could a bank be so shameless!

Treating systemic risks like a joke and limiting them to 5% is like feeding an insatiable animal!

Tang Ning was furious, and Qiu Kai wasn't much better off.

"Governor, in this situation, it is definitely not acceptable for the government to bail out the market, otherwise those real estate developers will become even more unscrupulous and follow suit."

But they don't provide a safety net... ordinary people... sigh!

Chen Luo, who had been resting with his eyes closed, opened them and looked ahead, saying, "The problem is indeed not easy to solve. If it is not solved properly, it will be a major event that affects the whole country."

However, it's not entirely hopeless, although the chances are slim...

Chen Luo didn't say it directly, but changed the subject, saying, "I need to report this matter to Secretary Aimin first!"

And it must be reported immediately; there's no time to delay!

Tang Ning and Qiu Kai both agreed, saying that ultimately, important decisions had to be made by Secretary Aimin.

Secretary Aimin is the top leader; how can he not report to him?

Chen Luo took out his phone, found Secretary Aimin's number, and dialed it directly.

The call was answered after ringing for about ten seconds.

"Hello, Secretary Aimin, did I disturb your rest?"

It was already around 12:30 pm, and Chen Luo did not immediately start discussing the issues.

"Comrade Chen Luo, you don't have time to rest! I heard you took Comrades Tang Ning and Qiu Kai to Hengda Group for an inspection? What did you think? Although the city is young, its scale should not be underestimated!"

Upon hearing this, Chen Luo lowered his voice and said, "Secretary Aimin, I have bad news for you. Something terrible has happened, a truly catastrophic one!"

In the provincial party committee secretary's office, Secretary Aimin was drinking tea while talking on the phone with Chen Luo when he heard the question, "What happened? And it's a huge deal?" which immediately stunned Secretary Aimin.

The tea in his mouth sprayed out, he slammed the teacup down, his expression turned serious, and his tone became solemn.

"Comrade Chen Luo, what's going on? What exactly happened? Tell me quickly!"

"Oh dear, Secretary Aimin, it's hard to explain the specifics in just a few words. Well then, Comrade Tang Ning, Comrade Qiu Kai, and I are already on our way back to the Provincial Party Committee."

I will personally report the situation to Secretary Aimin in an hour!

"I see... I'll wait for you!"

Secretary Aimin didn't press further. Judging from Chen Luo's tone, it was definitely true that something had happened; it couldn't be false, no matter how big the matter was. But knowing an hour earlier or later certainly wouldn't make much difference.

Otherwise, we would have just done a video call. Why wait until we get back to the provincial party committee to report in person?

Even so, this hour was quite difficult for Secretary Aimin. Various guesses kept emerging and being refuted by him one by one. Until the time had passed, Secretary Aimin still had no clue.

dong dong dong...

"Secretary, Governor Chen, Vice Governor Tang, and Vice Governor Qiu say they have something to report to you personally!"

Upon hearing his secretary's words, Secretary Aimin finally came to his senses. He had forgotten to tell his secretary to let Chen Luo and the other two go in directly.

"Yes, let Governor Chen and the others in."

"Yes, Secretary!"

The door was quickly pushed open.

Chen Luo, Tang Ning, and Qiu Kai entered one after another, all three with beads of sweat on their foreheads.

There was a bit of traffic when we got off the highway.

After boasting for an hour, Chen Luo had to get out of the car and lead the way for a short run.

"Comrade Chen Luo, Comrade Tang Ning, Comrade Qiu Kai, thank you for your hard work. Please sit down first."

Secretary Aimin pointed to the sofa next to him, and Chen Luo and the other two did not stand on ceremony.

"Secretary Aimin, let me report to you first. Based on our work visit to Hengda Group, we found that Hengda Group's financial situation is very bad. If nothing unexpected happens, it will explode in a while!"

Even now, Hengda Group has a massive debt of nearly 2.2 trillion yuan, making bankruptcy inevitable.

Upon hearing this, Secretary Aimin was completely stunned.

"Comrade Chen Luo, are you telling the truth?"

"Secretary Aimin, do you think I'm the kind of person who would lie to you?"

The question-and-answer session was eerily quiet.

"Wait a minute, isn't Hengda's valuation around one trillion? Although its debt ratio has reached 220%, hitting the high-risk warning line, it doesn't necessarily mean it will collapse, right?"

Hearing this, Chen Luo shook his head.

"Secretary Aimin, that's an old almanac. The market's current valuation of Hengda Group is only around 300 billion. If it were actually sold, it probably wouldn't even fetch that price."

Those corporate financial reports are completely unreliable...

"Wow! So their debt ratio is over 1000%? How did their company get so much debt?!"

Even Secretary Aimin was shocked.

Chen Luo just pursed his lips, clearly indicating that Secretary Aimin was in too high a position and had no idea about the intricacies of the situation.

"That's simple, someone's just stirring things up."

Chen Luo didn't hide anything; after calming down and thinking about it, there was only one explanation for this.

Upon hearing this, Secretary Aimin stared at Chen Luo.

"You understand everything?"

"We know the basic situation now."

"Is it really hopeless? You know, Hengda's collapse isn't the problem; the problem is the severe industry turmoil it will cause!"

"Alas! Secretary Aimin, there is really no way to save them. Even if the government can intervene and provide a safety net, once that happens, others will just follow suit."

More importantly, even if we continue to provide massive loans to Hengda Group, it is impossible to reverse the entire market trend.

Ultimately, the real estate industry, as an engine of economic growth, is weakening as the real estate market reaches saturation and the population declines.

It's beyond saving; the risk of saving it is too great. The reward would never outweigh the effort!