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

The key issue is that such a massive cash inflow, even if it can be contained, will still cause serious damage!

One wrong move and you could end up getting yourself involved.

Even if they manage to weather the storm, given the current state of the real estate industry, there's no chance of making a profit; the only option is to minimize the losses.

That private company is an idiot; why would they do something so thankless and unprofitable, just to make a quick buck?

Chapter 445 The Unsaveable and the Sucker Taking the Blame

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.

"Hengda Group has very serious problems! Let's not even mention those money laundering trust and financial institutions for now."

How could a bank be so shameless!

Treating systemic risks like a joke and then limiting them to 5% is simply insatiable!

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

"In the current situation, government bailouts are definitely not an option, otherwise those real estate developers will become even more unscrupulous and follow suit."

But there's no safety net... for 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.

"Hey, 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 huge deal!"

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...

"Sir, Governor Chen Luo, Vice Governor Tang Ning, and Vice Governor Qiu Kai say they have something to report to you personally!"

Upon hearing his secretary's words, Secretary Aimin finally snapped out of his daze; he had forgotten to tell his secretary to let Chen Luo and the other two go in directly.

"Yes, let Comrade Chen Luo 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 collapse 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 ancient history. The market’s current valuation of Hengda Group is only around 300 billion yuan. 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 into such a huge 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."

"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 him. Even if the authorities can intervene and provide a safety net, once they do that, 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 risks of saving it are too great, and the rewards would never outweigh the sacrifices!

Chapter 446 Suppression from Outer Space

Hearing this, Secretary Aimin sighed heavily, then tapped his fingertips lightly on the table and said quietly, "This businessman Xu Yin has really given us a difficult problem. If we don't save Hengda, the entire real estate industry will be affected once it collapses. If we save Hengda, it will only create a vicious cycle, and others will follow suit."

Chen Luo didn't respond, but looked at Secretary Aimin with a calm gaze until he was sure that the other party was being sincere before he spoke: "Secretary Aimin, Hengda has come to this point not only because of the company's strategic mistakes, but also because of human factors."

Some people in the financial system are too greedy.

They'd lend money to anyone just to get a cut.

Some cadres' relatives cleverly acted as material suppliers, supplying materials to Hengda at prices higher than the market rate.

Everyone regarded Xu Yin as a fat pig.

Treating people like food on a chopping board, endlessly sucking their blood and eating their flesh, Secretary Aimin, who do you think is tacitly condoning this behind the scenes?

As soon as he said that, the office became so quiet you could hear a pin drop; it was eerily quiet!

Secretary Aimin slowly raised his head and looked at Chen Luo. Their eyes met, and they both understood each other's meaning.

Chen Luo still had doubts in his mind. Hengda Group did not suddenly become heavily indebted. Secretary Aimin had been in Guangdi for almost four years. Did he really know nothing about it?

Faced with Chen Luo's suspicions, Secretary Aimin did not evade the question. Instead, he exhaled a breath of stale air and said calmly, "Comrade Chen Luo, I know what you're thinking, but I can tell you directly that I have no knowledge of this!"

For the past few years, economic affairs have been overseen by former Governor Ma; you can completely trust me!

Chen Luo just smiled and shook his head, "Secretary Aimin, you've misunderstood. Of course I believe you!"

Furthermore, if the Hengda scandal were to actually happen, it would be a major national event.

Ultimately, all we can do is pass the problem up the chain of command, and we'll handle whatever the higher-ups require.

Whether or not the higher-ups investigate is not something we can decide.

I've come to report to Secretary Aimin, hoping that you can directly contact the higher authorities and buy time to decide on a solution for Hengda University as soon as possible.

After all, things get more complicated as time goes on.

Upon hearing this, Secretary Aimin simply rolled his eyes. He didn't believe Chen Luo's nonsense, but it was normal to be suspected...

"Alright, alright, you're right about one thing. We can't drag this out any longer. I'll report the situation to the higher-ups later. Comrade Chen Luo, you should also think carefully about whether there's a good solution."

"Okay, Secretary Aimin, thank you for your help!"