2008 was an eventful year.
In January, the heavy snow in the South had not ended, and the international financial market was in turmoil again.
On the 16th of January, the People's Bank of China announced to raise the reserve requirement ratio by 0.5%.
Raising the reserve requirement ratio was not a big deal to an individual.
But to the major companies, it was a bolt out of the blue.
This meant that the government had started to restrict the credit business, increasing the difficulty of loans, and increasing the interest.
The money supply had tightened further, and the companies that relied on the banks in the past were now living like a year.
On the same day, the National Development and Reform Commission also announced a piece of news.
From today onwards, the "Implementation Measures for Temporary Price Intervention on Some Important Goods and Services" will be implemented.
This regulation was simple. It was to temporarily intervene in the prices of various goods.
A few days ago, because of the heavy snow, some businesses were hoarding goods, and the prices of goods had increased.
At this time, the government's intervention was to crack down on these unscrupulous companies and businesses.
Li Dong was not idle. When the policy was implemented, he had instructed his men to report the major supermarkets and shopping malls.
He could not be blamed for being stingy. He would be stupid if he did not lend him a knife.
Now that the government had given him the knife, it was normal for Li Dong to use this knife to kill off his competitors.
The government also needed a target at this time. After Li Dong's report, on the 17th, three Carrefour stores in East China were closed down.
The reason was simple. The fire department was not up to standard.
In this era, any problem could be blamed on the fire department. If the fire department said you were not up to standard, then you were not up to standard. There was a huge hidden danger.
Carrefour didn't know what to say. They actually knew the reason.
But could they be blamed for this?
Yes, they had raised the prices, but they had to raise the prices!
Just like Li Dong, if they did not raise the prices, their goods would be snapped up.
Once the panic happened, they would not be able to stock up in advance, and they would not have a good logistics channel. They would be left with empty supermarkets.
It was almost the twelfth month, and the end of the year was near. Were they going to face their customers with empty supermarkets?
Now, the government had started to crack down on them, and they were the first target. The person in charge of Carrefour in East China was furious.
They were not the only ones doing this. Huarfour, Bailian, RT-Mart, and Tesco were also doing this.
Why are you only punishing them? Just because they are foreign investors?
In Hua Xia, the government was the boss. No matter how powerful Carrefour was overseas, it was useless.
Since that was the case, he couldn't let others have an easy time.
Soon, the internet, the National Development and Reform Commission, the Bureau of Industry and Commerce, the Bureau of Commodity Prices …
All the departments that are in charge of these things had received reports, and it was Huarun's supermarkets that were reported.
At this moment, many netizens were anxious because of the heavy snow in the south.
Unfortunately, there were also unscrupulous merchants who hoarded goods. In an instant, this news ignited the netizens' anger.
News of boycotting the major supermarkets appeared on all major forums, Weibo, and websites. Of course, at this time, "people with intentions" did not forget to Far Away.
Far away is better!
Our national brand is indeed a national brand. Look, not only did we not raise the price, I heard that we will soon start online and telephone delivery services.
In order not to let everyone go out in the snow, Faraway Supermarket really put in a lot of effort to serve everyone.
At this time, everyone gave a thumbs up!
What our Hua Xia needs are entrepreneurs with a conscience like Li Dong. What we need are entrepreneurs with a conscience like Far Away!
And Taobao. They are also unscrupulous!
Usually, when I buy something, you can't wait for me to buy it and send it to me immediately.
Now, I just live a little further away, and the snow here is heavier. You actually advise me not to place any orders. Even if I do, the delivery will not arrive!
F * ck you!
Why is it that Fang Yuan can deliver it, but you can't?
Don't talk to me about logistics, and don't talk to me about personnel safety. Your people are people, but Far Away is not a person?
In an instant, the internet was boiling.
Li Dong and Far Away's names were frequently mentioned and frequently compared.
You guys, when you are making money, you think of us. Why can't you be like Far Away and do your best to serve everyone in times of crisis?!
…
Far Away Building.
Recently, Li Dong had been staying at the headquarters.
Seeing these news on the internet, Li Dong was grinning from ear to ear.
Yes, yes, yes. I, Li Dong, am the conscience of the industry. You guys finally understand.
Those unscrupulous enterprises should be boycotted. If not, how can our national enterprises develop?
As for Huarun Resources and Bailian, they are not considered national brands. They are state-owned enterprises. How guilty they are for making such unscrupulous money.
Of course, the increase in logistics costs of Huarun Resources and Bailian was ignored by Li Dong. I did not even calculate the logistics costs. You guys should also not calculate it. It is not appropriate to calculate it.
Just when he was laughing, Yuan Chengdao knocked on the door and entered.
Seeing Li Dong laughing happily, Yuan Chengdao was speechless. He knew what Li Dong was laughing about.
The key was that the boss had no self-awareness at all. Was that really the voice of the masses?
That was not necessarily true!
He had spent millions on fake reviewers. Who knows how many of those bootlickers were fake reviewers? Or maybe they were all fake reviewers.
Of course, if the boss wants to be happy, let him be.
Yuan Chengdao did not dwell on these issues and said, "General Manager Li, CCB's Deputy Manager Zhang is here."
"Ah?"
Li Dong was stunned and said, "CCB? Why are they here?"
Yuan Chengdao said helplessly, "About the money, when we took the loan, we already made a plan. But where did our money go during this period? We did not expand. Most of the money was spent on logistics and land. Especially the real estate side. There are still a few billion empty, and we do not have a specific plan. Recently, the banks are stricter in this area. CCB wants to talk to you and check the accounts. "
Li Dong frowned slightly, but he quickly said, "Then let them investigate. Our supermarkets and shopping malls are both profitable and have good performance. As for the money from the real estate company, I have a plan. Anyway, we are not afraid of the checks. "
Li Dong suddenly asked suspiciously, "Are they only checking us, or are they checking all the companies that owe us money?"
Yuan Chengdao shook his head and said, "I forgot to ask. I will check."
"No need. I will go and see Deputy Manager Zhang. You will know soon."
Li Dong suddenly thought of Hsu Shengzhe. Could this be caused by him?
Two billion in debt could not be repaid. This was a big issue.
At this time, everyone in the banking system was afraid that Far away would follow in Longhua's footsteps.
Compared to Long Hua, Fang Yuan was not inferior at all.
Far away had a loan of more than 10 billion. If something happened to Far away, all the bank executives in Pingchuan should jump off the building.
If not, the bank would not do something like this.
…
An hour later, Li Dong sent off the people from CCB.
The Deputy Manager of CCB was quite satisfied. Far away's performance was good. Nothing should happen.
Far away's business was not affected by the heavy snowfall in the south. Instead, their performance increased by about 50%.
As for Distance's huge investment in logistics, that was their own business.
Li Dong also said that this was the group's long-term plan. Li Dong also said a few words about the future after defeating Taobao, and the Deputy Manager did not think too much.
The people in the banking system were not fools. They naturally understood why Li Dong wanted to invest in logistics.
Far away and Taobao's battle was also something they paid attention to.
Now that Taobao's advantage in East China was gone, Far Away Mall and Far Away Logistics were rising against the trend. At this juncture, not many companies could do it.
If it was not for the strict checks from the higher-ups, Deputy Manager Zhang might have persuaded Li Dong to take more loans to further develop.
It would also be beneficial for them if Distance became bigger.
Although the two parties did not seem to have anything to do with each other, in fact, there was a big connection.
Far Away had a large number of loans from CCB. Similarly, Far Away's goods and sales had always gone through CCB.
As a national retail giant, Far Away Mall and Faraway Supermarket had a daily turnover of hundreds of millions.
With so much liquidity, going through CCB would be a huge benefit for them.
Far Away's scale was not huge now. If one day, Far Away defeated Taobao or defeated retail giants such as Huarun, tsk tsk, it was scary just thinking about it.
At that time, Far Away's sales could probably exceed one billion in a day.
If such a day really came, as the headquarters of Far Away, CCB would definitely have many benefits and commendations.
In the past few years, there had been too many banks that wanted to pry away Yuanfang Group. If it weren't for the fact that Jiangbei Construction Bank had opened the door for them, Yuanfang Group would not have been so determined to continue cooperating with CCB.
Therefore, as long as there were no problems with Far Away's business, CCB would not have to worry about them not being able to repay the loans. Both parties would benefit.
CCB was not worried, and Li Dong was not too worried either.
As soon as Vice President Zhang left, Li Dong touched his chin and recalled what he had just said.
It was not just his family, but the entire banking system.
The entire banking system was self-examining and correcting itself. This matter was not necessarily caused by Hsu Shengzhe, but it should be just right for Hsu Shengzhe.
It would be fine if they did not examine the accounts. Once they did, Longhua would definitely not have a chance.
Longhua's real estate business was almost all concentrated in Jiangbei. Now that it was snowing heavily in Jiangbei, the construction site was halted, and the opening of the residential area was delayed …
There was no return of funds. Coupled with the instability of the financial market, the real estate market was also falling.
Under such circumstances, Longhua could not prove that they had the ability to repay.
Unless Longhua could repay the 2.2 billion RMB first, the banks would be more at ease.
If Longhua could not repay the debt, it would not just be one bank's problem. Longhua had a total of more than 10 billion RMB in loans. Once the capital chain was broken, these banks would come to collect the debt.
Just like the previous Men Shen family, there was a high chance that Longhua would be finished. Of course, this was excluding the possibility of the government rescuing the market.
Actually, it was not easy for a real estate company to get the government to rescue the market. It was possible in the past, but not now.
It was different from Far Away. Faraway Supermarket was a legitimate business, and it affected the local people's livelihood and economy. Real estate companies were different.
The more Li Dong thought about it, the more he shook his head. This was too risky.
If Hsu Shengzhe did not handle this well, Longhua might really be finished.
Even if he could start anew, Li Dong was not optimistic about it. Without Longhua, the real estate market in China was almost divided. How could Hsu Shengzhe compete with others?
Li Dong, the prophet, was one step behind and was restricted.
No matter how capable Hsu Shengzhe was, Li Dong did not believe that Hsu Shengzhe could do better than him.
…
Longhua Group.
It was just like what Li Dong had expected. At this moment, there was indeed a bank checking the accounts.
It was not just one bank. A few banks were here.
As a borrower, the company had no right to reject the bank checking its accounts.
They were checking the company's fixed assets, sales, cash flow … … these were a series of problems.
Longhua's problem was not that big. Currently, due to the snowstorm, the real estate companies would not have much cash flow.
But the problem was that Longhua had too little cash on its books. It was almost non-existent.
This was not the main point. The main point was that Longhua had a 2.2 billion RMB fund coming in. How were they going to solve this problem?
In the meeting room.
When the ICBC's person-in-charge mentioned this, the board members looked at Hsu Shengzhe.
Hsu Shengzhe said slowly: "President Zhou, please give us some time. You also know that the real estate market is in a slump.
With the snowstorm, a few of our properties could not be opened.
But once the snow melts, the real estate market will continue to prosper.
The consumers who had been holding back for a whole winter will be more enthusiastic. When that time comes, we can even double the 2.2 billion RMB.
If not for the snowstorm, the development of Su 'an New City would be coming to an end.
The new city will be open soon. You should know what the opening of a new city means. It means a continuous flow of funds.
We have invested over 10 billion RMB in Su 'an. You should know that when the time comes, we will be able to repay this sum. "
After Hsu Shengzhe said this, the rest of Longhua's board members also said: "That's right, President Zhou. This is not the first time our companies have worked together. This time, we have a temporary cash flow problem. It will be solved soon. As long as ICBC can give us a few months, 2.2 billion RMB will not be a problem … "
President Zhou frowned and said: "President Xu, and all the board members, it's not that I don't want to give you time. It's just that I don't have the authority. Recently, the higher-ups have been checking the accounts. 2.2 billion RMB is not a small sum. I don't dare to fill this hole. As for the time, I can only say that I will try my best to fight for Longhua. But one thing is clear. We can't not pay back any of it. The 2.2 billion RMB capital plus interest is more than 2.4 billion RMB. If you don't prepare half of it, I don't think the head office will approve it. If something like this happens, we can only do business. "
President Zhou said: "I personally believe that Longhua Group has the ability. President Xu, you have to pay more attention to this matter. I won't say anything else. I will go back and submit an application to the head office. I can't do anything else. "
Hsu Shengzhe understood and said: "I understand. I hope that President Zhou can put in a good word for us. Longhua's ability is obvious to all. I believe the head office will see it too. All these years, we have never defaulted on any debt. This is really a coincidence. "
President Zhou did not say anything else and left with his men.
Hsu Shengzhe sent them downstairs. After they left, a board member said softly: "Chairman, what should we do? Didn't you say … "
Hsu Shengzhe smiled and said: "It's okay. What is there to worry about? I have already said that nothing will go wrong. Don't you know our ability? It's only 2 billion RMB. We borrowed 5 billion RMB not long ago. If we don't have the ability, will the bank dare to lend to us? So don't worry, everyone. Just continue according to our plan. "
The board members nodded slightly and felt relieved.
That's right. It's just a period of time. It's not like we won't return the money.
Longhua's credit is still very strong, and ICBC has been working with them for many years. Nothing will go wrong.
Thinking of this, another board member said: "Chairman, no matter what, we still have to pay the interest. We can't pay 200 million RMB in interest for now."
Hsu Shengzhe said calmly: "It's only 200 million RMB. Didn't the construction in the new city stop? I remember there should be a sum of money for the construction. Just use it for emergencies. "
"Using the construction funds? What if someone finds out … "
"Who will find out? This kind of thing happens all the time. Moreover, this is just a temporary emergency. When the district opens for business in Spring, all the money will be back. When the construction starts, we just need to make up for the money. Don't you think so? "
"This …"
The board members felt that it was unreliable, but they had no other choice.
They thought for a while and agreed unanimously.
Seeing this, Xu Shengzhe smiled slightly, but his smile was a little cold.
It was to the extent of embezzling the project funds. If this news was known by the bank, no amount of credit would be enough.
When that happens, the bank will not give Longhua any more time.
Spring. There are still two to three months left. Who can guarantee that Longhua will be able to pay the money during this period?
But after this incident, Longhua's credit will be affected. Hsu Shengzhe sighed softly.
There is always a loss. These are all unavoidable.
If the old man supports him, if his brother knows his place, if the board members are obedient, if the shareholders are waiting for their dividends, he will not do this.
But these people are not obedient, and he was forced to this stage!
Longhua can only be Hsu Shengzhe's Longhua. As the Chairman, he will not be a puppet Chairman.
If the old man wants to be the Emperor, he will have to ask for my permission first.
Hsu Shengzhe thought of this and looked ahead. Far away from the building.
At this moment, he is really envious of Li Dong.
Although it is difficult to start from scratch, Far away is Li Dong's private territory. The board of directors and the President are nothing in front of Li Dong!
After this incident, he does not know if he can get what he wants.
Hsu Shengzhe believes that under his leadership, Longhua will do better.
Li Dong is now fighting with Taobao and other supermarket chains. But he can only fight within his own company. The more he thinks about it, the more he is unhappy!
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