Rebirth of financial migrant workers

Chapter 497 Wang Chunliang's Speculation
Ning Minghao did not notice that Wang Chunliang's face was full of thought at this moment. He continued with his topic:
"We lost the clues to the 30 billion yuan case. Although there are many doubts, we can't continue investigating. We had to change direction and start looking for what Boss Jiang was going to do at Mule Bank."

Ning Shuo suddenly interrupted:
"It has been seven years, and you still don't have any clues. Is it possible that there is no so-called mysterious plan of Boss Jiang at all?

Including Ji Dong's acquisition of Mule Bank's shares this time, it was actually a serious business behavior. At most, Wang Quan participated in it illegally due to personal interests.

The parachuted boss behind you is out of political strife, deliberately taking advantage of the situation and trying to fabricate something to link him to Boss Jiang in order to achieve his personal goal."

Ning Minghao raised his eyebrows upon hearing this, and was somewhat impressed by his son's sudden political awareness, but he quickly denied it:
“No, the fact that there has been no movement for seven years just shows the magnitude of what they are planning.

There is another very important reason, that is, after changing two bosses in succession, the higher-ups have begun to pay attention to Shuanghe Province.

In addition, the newcomer is always on high alert, and the other party will not easily take action without a perfect opportunity.

However, this year is the last year of the parachuted boss' five-year term.

The boss's focus has shifted to thinking about his own problems, and his attention to Mule Bank and Boss Jiang has naturally decreased a lot.

So I guess the other party is very likely to take some action in the next two months."

"Uncle Ning, who was the one who originally wanted Mule Bank to be listed on the Hong Kong stock market?"

Wang Chunliang, who had been silent for a long time, suddenly asked a question. Ning Minghao thought for less than two seconds before answering:

“Before Mule Bank was established, I heard that senior executives of Hedong City Credit Union were planning to list on the Hong Kong stock market.

The final documented directive was issued in 2006, just as the new boss was facing dismissal.
Therefore, the promotion of listing on the Hong Kong stock market is most likely due to the intention of Boss Jiang.

We have also given this issue serious consideration, but the province is eager to push key enterprises to go public for the sake of performance and to improve the image of the entire province, which is understandable.

If you object to this, you will be accused of having incorrect political views.”

"It's a bit too eager to go public on the Hong Kong stock market at a low valuation not long after the merger was established."

Wang Chunliang continued to guide, "Wang Quan changed his career and joined Boss Jiang's school. Could it be that Ji Dong and his Huajin Group had been colluding with Boss Jiang before Mule Bank was established? Don't forget that some of Ji Dong's shares were bought when Mule Bank was just established. Then, Huajin Group became the largest shareholder of the bank through multiple share acquisitions and buying Mule Bank shares at low prices in the Hong Kong stock market. If Manjue Capital hadn't interfered, the other party might have actually controlled Mule Bank now."

Wang Chunliang took a sip of Maotai to moisten his throat, and then continued his presumption of guilt:

“Although Ji Dong donated almost all of Huajin Group’s shares to the Zhao Foundation, he ‘laundered’ Huajin Group into a domestic enterprise.

But in fact, the dominance of the entire Huajin System is still in his hands, so in the eyes of others, the new major shareholder of Mule Bank is still a foreign investor.

In our traditional impression, the business philosophy and business model of foreign capital are very different from those of Chinese people.

In this way, the series of reform measures led by the royal power had reasons to make them acceptable.

It was difficult for people to remain sensitive to his somewhat subversive decisions.

Anyway, everything can be attributed to the foreign shareholders." Ning Minghao nodded with deep concern:

"If the major shareholder is a local enterprise, as long as the practices of the enterprise under his control go against the general direction, the regulator will intervene and correct them immediately. But if the major shareholder is a foreign investor, the regulator will often turn a blind eye. Because if you are not careful, it will hinder foreign investment."

Wang Chunliang proceeded step by step and continued to decipher the code:

"Let's go back to my earlier judgment that Boss Jiang and Ji Dong have long been in collusion. Can we boldly speculate that the real purpose of Boss Jiang and others is hidden in Wang Quan's series of reform measures?"

"I have actually considered your point of view, but judging from the measures currently being implemented by the royal power, they can all be explained by the pursuit of profit maximization."

"International Business."

"how?"

"Other measures, including dismissing employees and abandoning counter business, are all aimed at distracting others' attention from the large-scale promotion of international business. Just now, when my brother-in-law asked whether the 30 billion yuan would be transferred overseas, you, Uncle Ning, also said that our country has strict supervision on the outflow of funds, unless it is for companies that mainly engage in international trade. If the bank colludes with some multinational companies and helps them transfer assets, it should not be difficult to take the 30 billion yuan with them, right?"

After all, Ning Shuo is not a banker, so he is not very familiar with banking business.

He decisively raised his hand and interrupted Wang Chunliang's words:
"How can international business transfer assets abroad? Don't cross-border remittances also need to be registered?"

"Let me give you an example. Company A applied for a loan of 10 billion from Mule Bank on the grounds that it needed to acquire a laboratory in Europe. The collateral was Company A's house in Hua Country and other fixed assets worth 10 billion.

After the acquisition was completed and the loan matured, Company A suddenly announced that it could not repay the bank's debt, and the bank eventually enforced the auction of the mortgaged property.

As a result, Company A lost its domestic fixed assets but gained overseas laboratories.

Does this mean transferring 10 billion assets from China to abroad?

To extend this a step further, if the collateral was not 10 billion, but 6 million, and the bank provided exposure to the remaining 4 million, would that mean that nearly 4 million of state-owned assets would have been lost overseas?

Wang Chunliang is a reborn person and has memories of the last few years.

Therefore he can work his way back to the causes through certain conclusions in his memory.

But Ning Minghao is not a reborn person, so his thinking is restricted by the times and regions.

In 2011, transferring assets overseas was still a new concept in Shuanghe Province, a relatively economically backward place.

"Are you saying that Boss Jiang wants to control Mule Bank in order to facilitate the transfer of assets to certain groups? And the companies involved include large companies like Wanhe Group? This..."

Ning Minghao frowned and thought for a moment, his face full of confusion, then he looked at Wang Chunliang and said, "But this is just a series of somewhat far-fetched speculations after all. I will mention it to the boss next time I see him. But let's discuss this matter here for now, you and Xiao Shuo must not go any further."

(End of this chapter)