I lost my vegetative state, and I became the richest man in the world

Chapter 932 Cai Chenzhou's Call for Help!

Yang Ming had just returned to the Huanshan Hotel.

Cai Chenzhou arrived on the back foot.

When Yang Ming was about to rest in the luxurious suite of the Huanshan Hotel, Deng Changfu came over and said, "Mr. Yang, Mr. Cai from the Cai family wants to see you."

"Which Mr. Cai?"

Yang Ming was surprised.

He just came back here, why did the Cai family call someone over again.

"Mr. Yang, it's that Cai Chenzhou."

Cai Chenzhou?
Yang Ming probably already guessed the purpose of Cai Chenzhou's visit.

"You call him over."

After a while, Yang Ming saw Cai Chenzhou walking over with a limp.

Cai Chenzhou had just entered Yang Ming's study, and immediately said, "Sir Yang, save me."

"Mr. Cai, do you have any questions?"

Yang Ming knew about the Cai family and Cai Chenzhou in his previous life.

As for the specific situation of Cai Chenzhou now, he is not very clear. If it is still like in history, it is almost November at this time, and it will be three or four months away from the Shifa financial crisis that broke out in February 11. That's all.

"Sir Yang, there is a problem with my company."

"Second Master Cai, let's go to Jiantan Park to talk."

It may not be like Su Lian's KGB here, where there are monitors everywhere, but Yang Ming still wants to go outside.

The two came to the gazebo outside Jiantan Park.

At this time, except for Yang Ming and Cai Chenzhou, their bodyguards were watching from afar.

Deng Changfu and the others didn't approach either, so they naturally didn't know what the two of them were talking about.

"Tell me about your company."

Cai Chenzhou thought about it, but still told the truth.

"Ten Faith" is Taibei Tenth Credit Cooperative, referred to as Taibei Shixin. In 1984, Taibei Shixin had 18 branches and more than 6 members, with a deposit balance of up to 171 billion yuan, which was the scale of Taibei at that time. The largest and oldest credit union.

Cai Wanchun, the first generation of the Cai family, became the boss of Ten Faith in 1957. At that time, Ten Faith was only a small business.

At the beginning, Guoming Life took 20 years to become the largest company in Wanwan at that time, and relying on Life Insurance's deep capital, it quickly expanded outwards and acquired many companies, extending its business territory to various industries.

In 1979, Cai Wanchun, chairman of Guoming Life Insurance, handed over the management power to his eldest son Cai Chennan due to a stroke, while his second son Cai Chenzhou was in charge of the operation of Guoming Plastic Company, and later merged with many companies. Going too fast leads to poor capital turnover, and whenever he needs to dispatch funds, he will find his brother Cai Chennan.

Cai Chennan would help him allocate funds from China Life Insurance at first, but he saw that this was really not an option, so he gradually ceased to be responsive.

So Cai Chenzhou set his sights on his uncle Cai Wanlin who was the chairman of Ten Faith at the time.

Cai Wanlin knew that his nephew's needs were a "bottomless pit", and no amount of money would be enough for him.

So he came up with a plan and suggested that they could do a share exchange, and exchange Cai Chenzhou's shares with Cai Chenzhou, so that Cai Chenzhou would become the chairman of Shixin, and Guojin Plastics could obtain a loan from Shixin through financing. funds.

Cai Chenzhou readily agreed that the biggest victim of this transaction was Cai Chennan. He was originally the head of Guoming Life Insurance. Now Cai Wanlin has Cai Chenzhou's shares plus his original shares, directly controlling more than half of the shares. The stake in Guoming has changed, and the position of chairman has changed hands.After Cai Chenzhou mastered Shixin, he directly regarded it as his own cash machine.

Whenever money is needed, he borrows money in the name of Guozhu Plastics, sometimes it is housing and land financing, and sometimes it is mortgaged by goods. Many financings here are over-loans, and the amount lent often exceeds the actual amount of the house appraisal. The name of Huang Plastic is not exhausted, and employees under the name of the group are used as heads. When the employees are not paying attention, they collect the seal certificates of the employees and use them to Ten Faith to start a loan.

Later, he even saved the headhunting and collateral, and directly colluded with fraud to transfer Shixin's cash. During Cai Chenzhou's reign, Shixin's violations began to increase sharply, especially during the three years from 1982 to 1984. Non-performing loans have doubled compared to the original.Cai Chenzhou's appetite was getting bigger and bigger. In order to better absorb funds, Guojin Plastics issued bonds with the endorsement of the Ten Trust Cooperative, which was four times higher than the fixed deposit interest rate at that time.

With such a high interest rate, no one would think that the country will default, so people are rushing to save money.

Ten Faith soon became the best-funded credit union of its time.

Cai Chenzhou is proud of the business world. He is only in his thirties and has his next goal. He wants to step into the political world to grasp political and business affairs, so as to raise his status and influence to a higher level.

Money can turn ghosts around, and with the world's loudest stepping stone, he cleared up various relationships.

With such a strong backing, he has a special identity.

Cai Chenzhou is really good at handling interpersonal relationships.

In addition, he also gave many important vocational colleges a special high-interest savings plan. It is recorded that he gave Gao Guan and his family members a monthly interest rate as high as 2.5%, and as long as the interest is put in it, the compound interest will be rolled over for a little more than two years. , you can double your money.

For the sake of the public image, those high-end museums may not dare to openly deposit money to enter, but without their knowledge, their wives and children are holding hundreds of thousands, millions or even tens of millions of private houses. Save the money.

In addition to continuing to expand his business territory, he also has to pay these high interest rates. Of course, Cai Chenzhou also knows that this is not the solution. In fact, most of the funds he took out from Shixin were used to invest in real estate. The downturn, so most of his funds are stuck in real estate instead.

However, he is not very worried. Shixin has strong financial resources. He believes that as long as the economy improves, it will be the time to harvest the fruits.Generally speaking, financial institutions are under the control of the competent authorities. The competent authorities of Taipei Shixin are the financial department and the Taibei City Finance Bureau. During the annual financial inspection, the Ministry of Finance will entrust the public bank cooperative treasury of Wanwan to send personnel to the branch for inspection .

It is of course impossible for Cai Chenzhou to empty out the ten-faith treasury at will, but he can easily pass every gold inspection. It can only be said that Cai Chenzhou's network is too powerful, and it is not easy to go up to finance. Department, down to the cooperative treasury has his people.

There are also people who want to rectify this unhealthy phenomenon. It was mentioned earlier that Ten Faith’s illegal lending doubled during the three years from 1982 to 1984. However, with his network, he has been able to pass the test smoothly.

. . .

At this moment.

The huge hole problem brought about by Ten Faith.

Even if Yang Ming didn't raise it, Cai Chenzhou knew that there was no turning back.

The two uncles Cai Wanlin and Cai Wancai couldn't take care of him, and his father was lying on the bed again.

If Yang Ming hadn't come to Wanwan this time, the Cai family and Cai Wanchun had invited him to visit the Cai family.

The Ten Faith financial crisis created by Cai Chenzhou was found to be unresolved by no one, and it still broke out like it did in history.

Now, when Cai Chenzhou told Yang Ming in detail.

Yang Ming knew.

In this matter, Cai Chenzhou committed a serious problem of aggressiveness.

In fact, there are likely other driving forces behind it.

Cai Chenzhou spoke there, and Yang Ming listened there.

You want to say that Cai Chenzhou is incapable, but Cai Wanchun was able to hand over such an important company to him. In addition to compensation for this son, it may also be because of Cai Chenzhou's polio since he was a child. preference.

I also feel that the other party is capable.

In fact, after Cai Chenzhou took over the China Plastics Group and Cai Wanchun left him alone, he really messed up.

Otherwise, there wouldn't be such a big hole problem now.

After Yang Ming listened, he felt that the problem was even more serious than he imagined.

　Chapter 3!

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(End of this chapter)