It's not that Xie Kai thinks that the people of CITIC are fools.

To get something in return, you have to give.

The African business, with high profits and high returns, naturally comes with high risks.

"Comrade Xie Kai, we support your ideas very much, and I hope you understand us. As a bank, we have to consider not only the return on investment, but also the project risk. China CITIC Bank has a weak foundation and weak risk-taking capacity, and if there is further turmoil in Burundi, regime change will ......," Mu Yang said seriously.

From the bank's point of view, there is definitely a need to assess the risk.

"Xie Kai, President Mu is right. We are also the majority shareholder. Yang Qian also felt that the domestic business had not achieved much success, so it was a bit risky to enter Africa.

Formerly known as a financial subsidiary of CITIC International Trust and Investment Company, CITIC Bank's main business was to provide financial support for CITIC International Trust and Investment Company in attracting foreign investment and introducing technology.

It was because of this that Xie Kai encouraged Zheng Yucheng and others to participate in CITIC Bank at the beginning.

The bank, which was originally to be established in 87, was established ahead of schedule with the investment of 404.

Zheng Yucheng and the others sat on the side and did not say a word.

"The investment in China CITIC Bank is to hope that our external business can be supported by professional financial units. Xie Kai said unceremoniously, "If CITIC can't assume such a role, what are we doing with shares?"

Mu Yang looked at Xie Kai and showed a smile.

"Comrade Xie Kai, there is no problem with this. In the past, the foreign exchange you obtained from the sale of weapons and equipment was directly transferred through the national bank......"

The meaning is obvious, 404 foreign exchange, not a penny into CITIC.

Xie Kai really didn't know about this, and looked at Zheng Yucheng and Wang Guilin suspiciously.

The latter nodded, indicating that this was the case, but did not give an explanation.

"When we bought shares, we didn't seem to talk about whether the foreign exchange we obtained had to go through CITIC?" Xie Kai retorted, "Since you know that it is the export of weapons and equipment, this is naturally not up to us." ”

"I didn't create a penny of foreign exchange for the bank, but I needed at least hundreds of millions of dollars in foreign exchange...... "Mu Yang is also angry.

The anger is not for Xie Kai, but for Zheng Yucheng and others.

A group of people pushed Xie Kai out, obviously playing a scoundrel.

But 20 tons of gold is absolutely attractive to a bank that has not been established for a long time.

"The foreign exchange generated by the investment in Burundi will be settled through CITIC. Even the business in Tanzania and other countries will be taken over by CITIC, and the gold produced by our investors will also be sold to CITIC Bank......" Xie Kai explained patiently even if he was angry.

The future is bright.

The road is not tortuous, as long as a loan of a few hundred million dollars is provided.

"Sounds good. Mu Yang looked at Xie Kai with a smile, but the corner of his eye was paying attention to Zheng Yucheng and the others, and he was even more dissatisfied in his heart, "I said before that CITIC is too weak to withstand the toss." ”

"So, is it impossible for our business in Africa to get the support of CITIC?" Xie Kai's face turned cold.

"I can't say that, it's just that it's hard at this stage. Seeing that Zheng Yucheng and the others didn't speak, Mu Yang replied calmly.

"In that case, there's no need for us to talk. Xie Kai turned his head and said to Zheng Yucheng and the others, "Withdraw our funds from CITIC and set up a special bank, and we will do it ourselves!"

Mu Yang's threat to Xie Kai was not shaken at all.

In his opinion, Xie Kai is a child, and he can't make decisions at all.

Talking about this now is just Zheng Yucheng's temptation.

"It's not easy to apply to the state...... In addition, it is difficult to find a professional in terms of personnel. Yang Qian felt that Xie Kai's idea was too taken for granted.

Mu Yang's confidence is here.

The procedures for setting up a foreign-related bank are very complicated, and the professionals required are not easy to solve.

Since the reform and opening up, there has been a huge talent gap in the field of foreign-related finance.

Mu Yang went abroad a long time ago and worked in a foreign bank for more than ten years, otherwise he would not have become the vice president of CITIC.

At the beginning, Xie Kai considered this series of problems before proposing to invest in China CITIC Bank.

"The approval is simple, and the above will give the relevant policies. Zheng Yucheng opened his mouth and said, "As long as the personnel problem is solved......

"As far as we are concerned, is the personnel problem a personnel problem? If not, we will poach people from the same type of units! It is a big deal to bear some more costs. Xie Kai didn't shy away from Mu Yang being here at all.

404 really set up a bank, and CITIC will be their main unit to poach people.

You can't poach the foreign-related financial personnel of the National Bank, right?

"You can't do this!" Mu Yang's face changed instantly.

He didn't dare to guarantee that 404 would not engage in banking, and there are many such things in the country at present.

The problem of redundant construction has always been relatively serious.

"What's not to do? At the beginning, it was agreed that the condition for us to buy shares was to obtain professional financial support for our business. Otherwise, why would our billions of dollars be deposited in CITIC? The interest rate given by CITIC is not the highest!" Wang Guilin said coldly.

Xie Kai understood now.

He may have talked about this before, and he needs to deal with the gold of the fart.

It is clear that the talks between the two sides have collapsed.

"......" Mu Yang did not speak.

In this case, CITIC will withdraw these billions of funds and withdraw the funds that were previously invested. Xie Kai said coldly. "The registered capital of CITIC is only 800 million, and we spent 500 million to get 49% of the equity, and now we don't even support our business!"

This trick is completely a draw from the bottom of the kettle.

CITIC simply doesn't have billions of cash flow.

These deposits have been loaned out.

404 billions of deposits, occupying the current CITIC

Mu Yang's face turned pale, this possibility, he didn't think about it, but he didn't dare to think about it!

Once the news spreads and causes a run, the entire CITIC will go bankrupt.

"Your superiors won't approve of you doing this. Mu Yang muttered.

"We need a lot of money, why don't we agree? China CITIC Bank is a commercial bank, and when we first deposited, there was no agreement?" Yang Qian was eager to get all the funds back.

Set up a bank, and she must be in charge.

Things have reached this point, Mu Yang can only say that he needs to consult the bank and hold a meeting to discuss this matter.

"President Mu, you can't blame us for this. The purpose of our stake in CITIC is also clear to you. When Mu Yang left lonely, Xie Kai said, "Our request is not too much. CITIC has a ...... in external financing, foreign exchange trading, and international settlement business."

When Mu Yang left, Xie Kai didn't lose his temper like before, but asked what was going on.

"CITIC wants to get the foreign exchange settlement business for our export equipment, but the above does not agree. Zheng Yucheng said, "Last time in the capital, they looked for us. ”

"Don't agree with the above?" Xie Kai thinks that it is not bad to hand over the international business directly to China CITIC Bank for settlement.

"I didn't say it. Wang Guilin replied.

"The base doesn't want to give it to them?" Xie Kai asked.

"Eggs can't be put in one basket. The main deposits on the CITIC side are ours, and many times, the settlement of interest is not very timely......" Yang Qian said the situation.

At present, there is little money in China, and the interest rate on loans can even be as high as 20% or more, and the interest rate on deposits is more than 10 points.

Naturally, banks don't leave money idle.

What's more, in recent years, many loans cannot be recovered once there is a problem.

The settlement between CITIC and 404 involved a high amount of money, and it has always hoped that 404 will continue to keep the loan interest in the bank every year, and 404 will naturally not agree to live a poor life.

This creates a contradiction.

"A lot of their debts can't be recovered?" Xie Kai asked.

"It's true, most of them are some state-owned units, such as the previous 541 units, without state financial support, transformation and so on need loans, once the transformation fails, can not be recognized by the market, the final loan can not be recovered. Yang Qian nodded and explained, "541 is a special case, there are products that are in short supply in the market, and with the cooperation with us, there is naturally no problem......

In the process of reform and opening up, many state-owned enterprises were unable to adapt to the market and eventually had to go bankrupt and close down.

Similarly, after the great waves of the market, a number of state-owned enterprises will stand out in the market competition and eventually become the leading force in the country's economic and technological development.

"In that case, why don't we bring these state-owned enterprises in this Africa plan?" Xie Kai suddenly thought, "Anyway, we can't do everything." On the CITIC side, once there are a large number of bad debts and dead debts, it will also be our loss, right?"

404 owns half of the equity of China CITIC Bank.

"This is possible!" Zheng Yucheng and Wang Guilin glanced at each other.

Anyway, they have to look for someone to work with.

In addition, at present, they can use such conditions to negotiate with CITIC and increase their bargaining chips.

At least, many state-owned enterprises, as long as they have business, can support themselves.

Mu Yang contacted the headquarters through the telephone provided by the base and reported the situation here, and the headquarters of China CITIC Bank attached great importance to it and soon held a high-level meeting.

Once 404 withdraws and transfers billions of deposits, CITIC will have a very big crisis.

Some people have suggested asking for help from their superiors, but they are all units of the state, and they are doing this completely without regard for the overall situation.

Some people also put forward the opinion of agreeing with 404 and asked them to leave the follow-up foreign exchange business to CITIC.

Even, the bank's senior management directly found the department in charge of the 404 unit, and finally the matter was transferred to Long Yaohua and Li Mingshan to deal with.

"What kind of moths are they doing?" Li Mingshan asked Long Yaohua.

Long Yaohua didn't know that a few days ago, he was still worried about the 404 people who were named and criticized by their superiors because of the big plane in Shanghai and McDonnell Douglas.

"Billions of dollars, a lot of things can be done. Long Yaohua said, "I'll call Comrade Yucheng first." ”

Soon, Zheng Yucheng received a call from Long Yaohua and immediately reported the situation to Long Yaohua.

"Chief, if we can't support our external projects, how can this bank cooperate? What about our projects? This is a big project involving billions of dollars......" Zheng Yucheng's words made Long Yaohua unable to refute for a while.

They didn't know the specific situation, after Long Yaohua hung up the phone, he discussed with Li Mingshan and went to 404.

Now there can be no more of the previous situation, 404 uses self-financing and other policies to sell the most advanced weapons and equipment in the country.

The domestic troops, until now, because the price of 359 tanks is really unacceptable and unequipped, are selling hot in the international market.

Mu Yang has been in 404 for the past few days, and he has always hoped that 404 can make concessions, at least transfer the foreign exchange of foreign sales of equipment to CITIC Settlement, or take a step back and leave the money for settling interest every year.

404 naturally did not do it, and the two sides talked very stiffly.

I am not interested in what Wang Guilin proposed, after all, to continue to cooperate with those units, CITIC also needs to increase its loans.

"The industrial economic development package, who proposed it? It's very good. Long Yaohua arrived at 404, listened to the report, and was very interested in this plan.

Zheng Yucheng gave a comprehensive introduction to the plan, and was about to say that Xie Kai came up with it, but he didn't expect Xie Kai to stand up, "Chief, this plan was gradually formed by our management committee when considering our market customers. After all, Europe and the United States and other countries are traditional weapons and equipment export powers, and if we want to gain more markets and earn more foreign exchange, we must avoid direct competition with Europe and the United States in the early stage......"

In order to avoid trouble, Xie Kai directly pushed it to the management committee.

Zheng Yucheng looked at Xie Kai suspiciously.

This is a good opportunity, let the above see Xie Kai's ability, and it will be much easier for Xie Kai to take over in the future.

"It's a good strategy to avoid competing with Europe and the United States in the early stage. But Burundi's economy doesn't seem to be good?" Long Yaohua said suspiciously.

Except for a few oil-producing countries in North Africa and South Africa, there are few countries in Africa that have a slightly better economy.

Can you make money?

"It's true that the economic situation is not good, and the annual GDP is only hundreds of millions of dollars......," Xie Kai nodded and said, "but they have abundant resources." As long as there is investment, the country will no longer be in turmoil, and soon the economy will develop, and it can even roll upward......"

"In other words, if you want to make money from them, you have to invest in them first, so that they can develop economically?" Long Yaohua looked at Xie Kai.

It was the first time he had heard of such a plan.

404 is a military-industrial unit.

"The same cannot be said. After all, it is our domestic enterprises that invest in Burundi, and in the process of their economic development, investors will naturally enjoy the dividends of economic development. Just like foreign capital entering our country...... The biggest benefit of this plan is that we invest, and we make the decision on equipment procurement, and all we need is equipment in some basic fields, such as mining equipment......" Xie Kai explained the benefits of the plan.

Burundi is just the beginning.

Create a model project for Africa, and then other countries will come to you when they see the results of development.

"Isn't there a metal smelting unit and so on?" Long Yaohua also felt that this plan was good, but it was too long. "Domestic development still needs a lot of money, is it inappropriate for you to invest a large amount of money abroad?"

The country has been trying its best to attract investment, and 404, as one of the few units with huge cash flow in China, does not want to contribute to domestic economic construction, but helps foreign development, which is very criticized.