Siheyuan starts from a better life

Chapter 1194 Final Arrangement 5
"What are your plans regarding Hang Seng Bank's current franchise rights? Don't tell me you haven't thought about this!" Jiang Yan asked.

Jiang Yan’s question was not included in their report.

Jiang Yan decided to ask something that was not in the report.

"This... this has been thought about, and if combined with the voucher plan, Hang Seng Bank's main loan recipients in the future will be those who resell businesses. Give the money to them, and they will purchase the vouchers, and then buy the businesses from the government, and finally... sell the businesses. In this way, not only will the profits be maximized, but these are all short-term loans, and the funds can be recovered quickly." Cheng Linwen squeaked.

He understood that his boss hated making these dirty money, but these were all he could think of at the moment. Also, when the company was auctioned before, Hang Seng Bank already had the business of lending to business owners, becoming a veritable bank.

In the past, Hang Seng Bank only had deposit business, and made money mainly by relying on the exchange rate difference between the US dollar and the ruble. It can be said that such a business was doomed to fail in the long run, and they themselves knew it.

Also, what is the most profitable channel for banks? It is providing loans. This is the bank's biggest profit point. Have you ever heard of a bank where money only flows in but not out?

Judging from the previous operating conditions of the loan business, giving this money to business owners who want to auction their companies not only has high loan interest rates, but also fast repayments, and even a very low bad debt rate, at least lower than that of domestic banks.

Because there is gold everywhere in Russia now, as long as you can buy a company, you can make many times the profit by resale. And even if you fail to win the bid for this company, you can switch to another one. You will always be able to win the bid.

Even if the lender does not get any enterprise, Hang Seng Bank can still recover the principal. After all, when auctioning an enterprise, there is no initial investment such as store rent, decoration, and purchasing. Even if the auction fails, the money still belongs to the lender. Moreover, those who dare to bid for the enterprise are all people with some foundation in Da Mao.

What’s more, that person didn’t know that Hang Seng Bank is Mr. Jiang’s bank, and he wanted to default on the debt. He wanted to see how many lives he had left.

He also understood the current private bond system, but it was quite unconscionable to do so. Although his bank did not do it, there were other banks that did it. And relatively speaking, Hang Seng Bank had a little more conscience than other banks.

"I understand the private bond issue. If we don't do it, there are plenty of people who will do it. However, we might as well take a long-term view. If we encounter some business owners who buy businesses not for resale but for the purpose of manufacturing goods, we should also provide support, reduce loan interest rates, and sign long-term loan contracts." Jiang Yan said.

The bank itself has the obligation to support the operation of enterprises and help them develop, which is also the significance of Gaidar and Chubais issuing franchises.

But sadly, in the past, most of the funds that the Central Bank of Russia gave to franchised banks were used for the short-term loans and reselling of corporate businesses mentioned earlier. The funds actually used to operate enterprises, provide goods to society, maintain stable national development, and sign long-term contracts only accounted for a little over 1% of the total funds, which was pitifully small.

"I'll help if I can. But regarding the matter of private bonds, try to minimize the losses for individuals." Jiang Yan couldn't help but sigh after he finished speaking.

Cheng Linwen and Ye Lina nodded at the same time. Although this would reduce the profit margin of Hang Seng Bank, they were not surprised that Jiang Yan would make such a choice. Their boss has never been just trying to make money. In other words, the boss's heart is not that black.

This is also one of the reasons why these people follow the boss wholeheartedly. The boss still has a bottom line.

"What about the government grants? What are your thoughts on this?" Jiang Yan suddenly asked.

"Well...it depends on what you mean." Cheng Linwen said embarrassedly. He knew what Jiang Yan meant. The money was in their bank's hands, so they naturally had the opportunity to manipulate it. If the money was delayed, the interest generated by the funds during this period would be income from thin air, without having to pay a penny of capital.

And he believes that there must be other banks doing this.

However, almost all banks in history have done this. Jiang Yan was no exception to their reaction.

Seeing them like this, Jiang Yan chuckled. He felt that the people under his command were becoming more and more cunning and wanted him to have the final say.

"Okay! Since you let me make the decision, I tell you, this part of the money is too dirty and we will not earn it. We must transfer the central bank's grants to local governments to their accounts in a timely manner in accordance with regulations." Jiang Yan said firmly.

"Boss, you are so kind. You must be the angel sent by God to save Damao!" Ye Lina was excited to hear the words of the dear soprano. She took a step forward, hugged Jiang Yan tightly, and kissed Jiang Yan hard on the face.

Having worked in the bank for such a long time and knowing the situation in Damao so well, how could she not know how huge a profit Jiang Yan was giving up? For a country as big as Damao, this part of the money could bring in at least hundreds of millions of dollars a year.

The reason why Jiang Yan put down such a large amount of money was really beyond Ye Lina's expectation, but as a subordinate, she couldn't let her boss suffer any loss. She would also participate in the selection of products when necessary. She had the title of the First Lady of Moscow, and she really thought she was a vegetarian.

After wiping his cheek and looking at the lipstick mark on the palm of his hand, Jiang Yan suddenly felt helpless.

"Yelena, it's a good thing Luzhkov isn't here, or he'd be jealous again."

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"It doesn't matter. He's here, but he dares not say anything!" Ye Lina said confidently, holding her hands on her waist. Looking like an angry tigress, Jiang Yan couldn't help but mourn for Luzhkov in his heart.

But to be honest, it is too early for Yelena to say that she is an angel. Jiang Yan naturally has his own plans in mind. The first is his relationship with Gaidar and Chubais. It is not reasonable for him to undermine his friends and he must go all out.

Secondly, although it seems that he is at a disadvantage by doing this, in fact he is not necessarily at a disadvantage. Gaidar and Chubais are not fools. If Hang Seng Bank can disburse the funds on time, while other banks manipulate the funds, delay disbursement, or even take away part of the money by relying on some connections, Gaidar and Chubais will definitely hand over most of the disbursement business to Hang Seng Bank.

As long as you do this and others see it, it is only natural that it can be approved. If Hang Seng Bank becomes the only designated bank for government funding in the future, then it is only natural to store a large amount of funds in Hang Seng Bank.

Hang Seng Bank can naturally earn a lot of money from this part of the funds. It can even replace some of the functions of the central bank. There are many ways to make money.

Jiang Yan wants both face and substance.

(End of this chapter)