The Fourth Lingshi Financial Crisis

Chapter 235 Low Interest Loans
Although the risk-free rate of return of Kyushu Cultivation World has been artificially reduced to an extremely low level of 0.01% by Lingshi Reserve Bank, this does not mean that the actual borrowing cost of Kyushu Cultivation World is really low.

In fact, the logic here is exactly the opposite. It is precisely because the Kyushu Cultivation World does not make money in any business, which leads to a very high risk of banks borrowing from outsiders. The income from interest spreads cannot cover the risk of bad debts, so Lingshi Reserve Bank needs it. Keep the risk-free interest rate very low to ensure that the credit spreads of commercial banks such as Haiya Bank are sufficient to cover bad debts.

In fact, under normal circumstances, Haiya Bank does not pay interest to depositors.

If you consider that the real risk-free interest rate in Kyushu Cultivation World is 0.01%, then the actual deposit interest rate of Haiya Bank is actually -0.01%. Even so, the loan interest rate of Haiya Bank can still reach an average of more than 2%.

Although the interest rate difference between deposits and loans is so large, Haiya Bank's enthusiasm for foreign loans is still very low. This is because there are too few opportunities for entrepreneurship in the cultivation world. All profitable industries have long been monopolized by major cultivation forces, and only war-torn areas and the legal system Unhealthy regions can give cultivation capital the opportunity to lick their blood, and the risk of this investment opportunity is imaginable.

Due to the lack of low-risk stable investment opportunities, and the Cultivation Financial Supervisory Commission has clearly stipulated that bank assets are not allowed to be invested in stocks. In order to ensure the safety of its own operations, Haiya Bank will even transfer a large amount of depositors' deposits to Lingshi Reserve Bank. , and the reserve interest rate offered by Lingshi Reserve Bank to Xiuzhen Commercial Bank is only 0.005%. This level of reserve interest rate can only be said to barely prevent Xiuzhen Commercial Bank from directly starving to death.

It is not that Yang Lu did not consider asking Haiya Bank for a loan, but in the end he did not proceed with the matter, mainly due to two considerations:

The first reason is that he did not expect Suyuan Summit to offer such a favorable interest rate.

Even if calculated according to the most optimistic scenario, Yangjiang Port is booming after being taken over by the Haiya Group, the investment income of the Yangjiang Port project can barely cover 2% of the capital cost at most.

If Haiya Bank offers a loan interest rate of more than 2% as usual, the Qingning Chamber of Commerce will be working for Haiya Bank for nothing. If there is any black swan incident in the middle, such as the fall of Tian Daxiao, who promoted the privatization reform, and the successor Shenhuozong Don't accept the account of the predecessor, not to mention that the investment income will be in vain, even the principal will be lost.

The second reason is more practical.

According to the relevant regulations of the Financial Supervisory Committee, all commercial loans must have corresponding assets as collateral.Due to the extremely poor liquidity of cultivation assets, it is necessary to discount the assets when mortgaged to the bank, and the Qingning Chamber of Commerce itself was established by Miss Li borrowing money from everywhere, and the asset-liability ratio is simply unbelievably high, even if the big creditor has One was killed by Yang Lu, and the Haiya department was willing to cooperate with him in giving the Qingning Chamber of Commerce assets as high a valuation as possible. With the current asset-liability ratio of the Qingning Chamber of Commerce, it is still difficult to meet the minimum standard for loan applications.

So after hearing this solution, Yang Lu was a little surprised and said, "President Su, you probably know the assets and liabilities of the Qingning Chamber of Commerce. Doesn't it violate the regulations of the Lingshi Reserve Bank to apply for a loan directly from Haiya Bank?" ?”

However, Su Yuanfeng didn't care and said: "It's okay, I'll let the Haiya Chamber of Commerce guarantee you!"

Hearing this, Yang Lu felt even more wrong.

The Haiya Chamber of Commerce is the major shareholder of Haiya Bank, and the major shareholder directly acts as a guarantor to extract funds from the holding bank. This is a highly suspicious related party transaction no matter how you look at it.Yang Lu is not an expert in Zhongzhou law, but he knows that if this kind of behavior is placed on the earth, it will definitely be an illegal operation that can put you in prison.

So he frowned and expressed his worries: "The Haiya Chamber of Commerce is the major shareholder of Haiya Bank..."

Then Su Yuanfeng stretched out his right index finger, waved his hand lightly and said: "To be precise, the major shareholder of Zhongzhou Haiya Bank is the Zhongzhou Headquarters of Haiya Chamber of Commerce. The financial supervision systems of the seven schools in Kyushu are different, so in order to meet the needs of each According to the regulatory requirements of the Martial Arts, whether it is Haiya Bank or the Haiya Chamber of Commerce, they are all independently operated within the sphere of influence of the major sects. I can completely persuade Xu Haihong, the president of the Huoyun Prefecture Branch of the Haiya Chamber of Commerce, to let the independently operated Haiya As the main body, the Fire Cloud State Branch of the Ya Chamber of Commerce provides guarantee for the Qingning Chamber of Commerce!"

Su Yuanfeng's explanation is only theoretically correct, but the problem is that the Haiya Chamber of Commerce operates ocean-going trade throughout Kyushu. It is not easy to move assets and profits between the Huoyun State Branch and the Zhongzhou Headquarters. According to this space With the method of glove white wolf, Haiya Chamber of Commerce can completely use Haiya Bank as its own cash machine.

Yang Lu originally thought that the sea cliff system was not simple, but now it seems that the water here may be deeper than he thought!
Looking at Su Yuanfeng, who was smiling like a tiger, Yang Lu asked softly, "Is it really okay to do this?"

Su Yuanfeng did not expect that Yang Lu would think of so many things in a short period of time.He just pretended to be nonchalant and said: "Consultant Yang is too worried! The total assets of the Haiya Chamber of Commerce are more than tens of billions of Lingshi coins, and they guarantee a small business worth 1000 million Lingshi coins. What's wrong with this?"

It is true to say so, but seeing Su Yuanfeng's familiarity, it is definitely not the first time he has done this kind of thing!
Yang Lu is very sure that what he sees now is just the tip of the iceberg.The entire Haiya Department's stalls are so huge, as long as Su Yuanfeng himself doesn't say anything, outsiders will not be able to see how many shady and dark activities are hidden under the gorgeous appearance of the Haiya Department.

Yang Lu thought for a while, but in the end he didn't ask any more questions.

After all, as the saying goes, if you make a fortune in silence, it is best to get money out of Haiya Bank.

As the saying goes, the one who owes money is the uncle, and it is also a real skill to make Qingning Chamber of Commerce owe Haiya Bank 1000 million yuan in Lingshi coins.Back then, a proud girl like Li Qingning begged her grandpa to sue her grandma for the purpose of organizing a chamber of commerce, and borrowed so much money.

So Yang Lu pretended he didn't see anything, and cupped his hands at Su Yuanfeng, "Then I'll agree to this matter for the young lady, but our Qingning Chamber of Commerce doesn't have a mortgage, isn't President Su really worried that we won't pay the money? "

However, Su Yuanfeng showed a mysterious and weird smile: "No creditor can not pay back the money owed to Haiya Chamber of Commerce. Even if you can't pay back the money, we will teach you how to deal with this debt!"

The other party has something to say!
Hearing Su Yuanfeng's words seemed to be threatening, but it didn't seem like a threat, Yang Lu suddenly became suspicious.He had a strange intuition, it seemed that Su Yuanfeng hoped that he would not be able to pay back the money!

However, Yang Lu just asked casually. After all, with such a favorable low-interest loan, Qingning Chamber of Commerce did not have the problem of not being able to repay the loan at all, at least there was no problem with repaying the interest on time.

So he said in a big way: "Then it will be a happy cooperation!"

Seeing that the business was negotiated, Su Yuanfeng also laughed and said, "Consultant Yang is indeed a cheerful person!"

President Su felt happy from the bottom of his heart this time.

If he was asked to personally go to the public relations of the various sects, he would have to bleed a lot of millions of Lingshi coins to ensure that all competitors are settled. This is also a great burden for the rich and powerful Su family in Haiya City.

Now, with a low-interest loan of 1000 million Lingshi coins, he has eliminated half of the opponents in the Zhongzhou Sword Discussion Conference for Su Cheng. Even this huge sum of money does not need to be paid out of his own pocket, and all of it can be advanced by Haiya Bank. .

Based on the operating conditions of Yangjiang Port, it is hard to say whether the loan of 1000 million Lingshi coins can make the Qingning Chamber of Commerce make money, but it should not be a big problem for Haiya Bank to protect its capital, so his operation even "disappeared some assets" " is not counted as a crime. From Su Yuanfeng's point of view, this can be regarded as an empty-handed white wolf.

What is win-win?
This is called win-win!
The two comprehension capitalists looked at each other and smiled tacitly.

(End of this chapter)