Chapter 143: Bad Debt!

"Many of my classmates have bought this God of War game console produced by your company, and they are all amazed at how your company can produce such an advanced game console. Luo Xiao said with a smile to Yang Jie.

"This shows that our scientific and technological engineers in Huaxia are still very powerful. Yang Jie said with a smile.

In the past few months, Huaxing's game console has sold more than 400,000 units in China, and the company has also increased its publicity efforts at this time.

The game console is a slow-heating product, only tens of thousands of units were sold in the first month of the market, because of the support of pirated game software, now it can sell more than 100,000 units per month, and the sales volume continues to increase, this product is now Huaxing Technology Company has created more than 100 million profit income every month.

Now only Huaxing Technology Company can produce in China, and the price is seven or eight hundred yuan lower than Sony's and Sega's game consoles, and there are a large number of pirated game software matching, which naturally makes a lot of money, and Sony and Sega's game consoles are all over the place.

3DO has sold more than 500,000 units in the United States in a few months, and now Panasonic has also begun to sell in Japan, and it is said that it has also sold more than 100,000 units, and now 3DO is also working hard to sell in other countries, and now the X2 game console has become another strong opponent in addition to Sony, Sega, and Nintendo.

In the past few months, Huaxing Technology Company has earned more than 100 million US dollars in foreign exchange and made a profit of more than 70 million US dollars.

Now game consoles have become another super cash cow of Huaxing Technology Company.

Yang Jie knows that the game console market is a super gold mine dug by Sony, and he is going to bite a big piece of meat from the game console market anyway.

He was talking to Luo Xiao, and when it was almost dusk, Luo Binghuan walked in with a tired face with a briefcase in his hand.

"Hello Uncle Rob. Yang Jie stood up.

"You just came back from the United States?" Luo Binghuan also showed a smile on his face after seeing Yang Jie.

"Yes, I thought I'd like to visit Uncle Rob. Yang Jie said with a smile.

"You must have gained a lot of work when you went to the United States this time. Luo Binghuan also sat on the sofa and asked.

"I have good news for Uncle Rob, the headquarters of SiRecos will send someone over at the end of the month, and the two companies will form a joint venture to build a factory here in the Central Plains Province to prepare for the production of computer products. Yang Jie said with a smile.

Luo Binghuan showed a look of surprise: "This is the best news I've heard during this time." ”

"Uncle Rob, what's happened in the province recently that makes you worry so much?" Yang Jie asked curiously.

"Your Uncle has been busy with the rural credit cooperatives in the province lately. After Zhou Ping came over with tea, he said worriedly: "Your Uncle hasn't slept for several days." ”

"Uncle Rob, is there a run on rural credit cooperatives in some areas?" asked Yang Jie.

Luo Binghuan glanced at Yang Jie in surprise: "You guessed right, now the rural credit cooperatives around the country are basically some non-performing assets, and the debt ratio is extremely high. ”

Speaking of these, Luo Binghuan also rubbed his temples with a solemn expression.

"Luo Xiao, you studied finance at Renmin University, what solution do you have for this? Luo Binghuan glanced at his son, which was quite considerate.

"Dad, I think the province should strip out these non-performing assets as soon as possible, hand them over to a special company to take over the management, and send people to collect these debts. Luo Xiao said that his solution is the same as the central government's method of stripping off non-performing assets of the four major banks a few years later.

Since the central government implemented the policy of appropriation and loan reform in the 80s, the state subsidized state-owned enterprises in various places through bank loans, and many state-owned enterprises owed a lot of debts to major banks after no subsidies, and the state siphoned off the funds that should have been retained from enterprises every year, which made matters worse, and the banks were also burdened with heavy burdens, and now the consequences of this policy have naturally begun to erupt.

"The method you said still makes the government accept this mess, but changing from the left trouser pocket to the right trouser pocket still does not fundamentally solve the problem. Luo Binghuan said.

Yang Jie also has to admire Luo Binghuan's accuracy in looking at the problem, in his previous life, he took over the non-performing assets of the four major banks as high as more than 1 trillion yuan, and several financial management companies dealt with these non-performing assets in the future.

Luo Binghuan looked at Yang Jie and said, "What do you think about this?"

"Uncle Rob, the root cause of this problem lies in the imperfect banking management system and the government's excessive intervention in banks and enterprises, and these problems can only be solved through institutional reform. ”

Luo Binghuan's eyes lit up.

"Yang Jie, then how do you say the reform should be carried out?" Luo Xiao asked.

"Tell us what you think. Luo Binghuan said to Yang Jie.

"Uncle Rob, I think the province should take the province's state-owned enterprise restructuring power to unify supervision and control to prevent the loss of state-owned assets, but the province should be in charge of some state-owned enterprises related to public interests, and other state-owned enterprises that directly enter market competition should be loosened in the province, not too much interference in operation and management, as long as the personnel appointment and financial supervision are strengthened, and a set of official accountability system is established, there will be no major problems. ”

Yang Jie paused and said: "In addition, I suggest that the province should give these enterprises some support policies for tax reduction and debt interest reduction and extension, and leave enough development funds for these state-owned enterprises, so that the non-performing assets in the banks will be greatly reduced, and the burden on the banks will be greatly reduced." ”

"Yang Jie, won't the tax revenue in the province be reduced in this way?" Luo Xiao asked.

"If many state-owned enterprises can restore their hematopoietic capacity, the province can get more tax revenue in the future, which is the same as farmers planting land, carefully cultivating seedlings, and when they mature, they will naturally harvest a lot. Yang Jie said with a smile.

"But not all state-owned enterprises can survive, how do you solve this?" Luo Xiao asked.

"Market competition is a process of survival of the fittest, and it is inevitable that some uncompetitive state-owned enterprises will go bankrupt and go bankrupt, and my suggestion is that the province should not take care of everything, but establish a social security platform to give laid-off workers who really need to be taken care of The minimum living guarantee, so that no major social problems will occur. At the same time, the province will develop and support the development of new industries, create a large number of jobs, and absorb a large number of unemployed people, so that the restructuring of state-owned enterprises can be smoothly completed. ”

Yang Jie said: "At the same time, banks also need to restructure, strengthen risk management and control supervision, and set up a special department to deal with non-performing assets, in fact, with the support of the provincial state-owned enterprise reform plan, a large part of these non-performing assets can be turned into high-quality assets, and these non-performing assets can be digested internally in a few years. ”

"What kind of business are you talking about for the bank to develop?" Luo Binghuan said with a smile.

Yang Jie's words just now made him seem to see the light in the dark, and the problem that had been haunting his heart was suddenly solved, and he secretly sighed: A talent like Yang Jie is also a rare talent if he is not an official if he does not do business.

"Uncle Robert, after all, I'm not a financial professional, so let a professional figure out how to do these things. ”

Yang Jie smiled and said, "Uncle Rob, "Actually, I suddenly had an idea just now, after I return to Yuetai City, I plan to take out some funds to acquire the city bank in Yuetai City, and explore this aspect first, and when I accumulate enough experience, other banks in the province can also follow up." ”

The current Huaxing Technology Company has a very large cash flow in the bank, and Yang Jie doesn't want these funds to lie quietly in the bank and eat interest, since Governor Luo mentioned this matter, he also put forward this idea.

If he can acquire a bank, Yang Jie will have a legitimate financing platform that can absorb a large amount of savings funds to complete his plan to build a high-tech incubation platform.

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