The office of Tianming Group Auto Finance Co., Ltd.

As the seventh subsidiary of Tianming Group, Auto Finance Company is different from the other six subsidiaries, that is, this subsidiary is not wholly owned by Tianming Group, but is jointly held by Tianming Group and Industrial and Commercial Bank of China.

Tianming Group holds 80 percent of the shares, and the remaining 20 percent of the shares are held by ICBC, making such an arrangement also paves the way for auto finance companies to carry out installment car purchase business.

In terms of the company's operation, ICBC will not interfere too much, to put it bluntly, with the existence of ICBC as a shareholder, Tianming Group is equivalent to holding a holy decree that it can carry out financial service business "reasonably and legally".

In order to prevent the auto finance step too big, Zhou Jingming and Zhao Ke deliberately gathered Ma Xudong and other cadres together and held a small-scale symposium.

"Ladies and gentlemen, the achievements of the financial company during this period are obvious to all, and here, on behalf of all the employees of Tianming Group, I would like to thank you for your hard work. ”

At the symposium, Zhou Jingming took the lead in speaking.

"You are all from a financial class, what matters need to be paid attention to in carrying out financial business, I believe I don't need to say more, the macro-prudential principle must be grasped, and there must be no problems within our company. ”

"Chairman, you can rest assured of the internal security mechanism, I am here today to make a statement, if there is a problem within the company, my old horse alone will bear all the responsibility, there is no ambiguity!" Ma Xudong on the side patted his chest and said.

Zhou Jingming smiled, "I called you over today, not to ask you to make a military order, and you don't have to be so serious, but there are some things I should say or say." ”

Zhou Jingming paused, then looked at Ma Xudong, "Old Ma, tell me about your next development plan." ”

"That's the case, the interest-free activities in Jiangsu, Zhejiang and Shanghai will end soon, and the company's business will be relatively stable......

Next, Ma Xudong introduced his future development plan to Zhou Jingming, Zhao Ke and others.

"As long as the principle of macro-prudential is satisfied, I will not comment on the specific expansion plan, and leave it to you Lao Ma to be fully responsible. After listening to Ma Xudong's report, Zhou Jingming nodded.

"Chairman, I still have something I want to ask for your opinion, I don't know if this matter is feasible. Ma Xudong hesitated and said.

"What's the matter, old horse, just tell me. ”

"It's about Southeast Asia, I'm wondering if since our financial company has been established, can we consider incorporating the installment car purchase and other businesses into our company? Anyway, the financial business in Southeast Asia is already very mature. ”

After getting Zhou Jingming's affirmation, Ma Xudong continued.

Southeast Asia?

After hearing these words, Zhou Jingming's pupils shrank, he was busy with other things during this time, and he almost forgot about Southeast Asia!

1997 was the year when the financial crisis broke out in Southeast Asia!

"For the installment purchase of cars in Southeast Asia, you don't care about the old horse for the time being. Zhou Jingming shook his head, and then looked at Zhao Ke again, "Senior brother, you go back and ask someone to sort out the sales business in Southeast Asia into a document for me, the more detailed the better." ”

"No, in terms of sales, I have to find the second brother to sum it up. After saying this, Zhou Jingming said to himself again.

"What's wrong Xiao Zhou, why did you suddenly remember to ask for information from Southeast Asia?Is there something wrong?" Seeing Zhou Jingming's serious face, Zhao Ke hurriedly asked.

"I am ready to scale back my sales in Southeast Asia, preferably by June this year, and suspend all sales operations in Southeast Asia and keep only a few offices. Zhou Jingming replied.

"Suspend sales in Southeast Asia?"

When Zhao Ke and Ma Xudong heard this, they couldn't help but look at Zhou Jingming with a look of surprise, and they didn't understand why Zhou Jingming suddenly made such a decision.

"Xiao Zhou, why do we have to suspend the business there in the Southeast Asian market that we have won so hard?" Zhao Ke asked puzzled.

"That's right, chairman, if our sales business in Southeast Asia is suspended, the market share we occupied before will be quickly taken back by the car manufacturers in the island country!" Ma Xudong also didn't understand, why did Zhou Jingming come up with such an idea as soon as he mentioned Southeast Asia?

"If they have the ability, the market will let them all go!" Zhou Jingming smiled, he also wished that Toyota and these companies would take the opportunity to expand in Southeast Asia, and they would cry when the time came!

"Okay, old horse, the matter on your side is decided for the time being. Senior brother, organize a high-level meeting in the afternoon, and require the heads of each subsidiary to attend the meeting, and talk about specific matters at the meeting. Zhou Jingming didn't explain much, just said.

Zhao Ke couldn't help but glance at Ma Xudong, they hadn't seen Zhou Jingming with such a look for a long time.

Something big must be happening!

After coming out of the conference room, Zhou Jingming did not dare to delay, but directly called Xu Weidong and asked him to go to his office.

Soon, Xu Weidong walked into Zhou Jingming's office.

"Second brother, if we gradually suspend the sales business in Southeast Asia now, how long will it take you to deal with the affairs over there?" After Xu Weidong came, Zhou Jingming asked straight to the point.

"Don't ask why, just answer how long I have to go. Seeing Xu Weidong's puzzled face, Zhou Jingming continued.

"A month or so! I guess you suspended the sales business there this time, you must want to go back later, so you need me to deal with the relationship with the local dealers, this is not a trivial matter, the dealers are estimated to be difficult to handle, even if I go out in person, I will lose a large part of the dealers. ”

Xu Weidong thought for a moment and quickly gave an answer.

"I can't care so much. Zhou Jingming frowned, "How much loss is expected?"

"And how long are you going to pause?"

"Let's go from the second half of this year to next year. ”

"That's a year and a half...... It's probably around 10 billion. Xu Weidong replied.

This 10 billion should refer to the loss caused by the complete non-sales for more than a year, once the financial crisis breaks out, Tianming Group's sales outlets in Southeast Asia will be paralyzed, so this time to withdraw from Southeast Asia, the real loss is not so much, and even this is still a net present value greater than zero "investment"!

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