Chapter 396: Credit Cooperatives with High Interest Rates for Savings

The 3 billion funds of the Gan Province Geoelectric Wind Power Plant, in fact, are all out of the Taohuaxian Company, this batch of funds is to be transferred from the Divine Bird, and now only 5 billion yuan has arrived, the power plant has started, and the follow-up will be transferred 25 billion yuan one after another, and now there is a problem with the second batch of fund allocation.

The funds of the Divine Bird Peach Blossom Fairy Company have opened accounts in the four major banks, which is a must, and the eggs cannot be put in one basket, in case something happens to the family, it will not be caught off guard. However, in addition to the four major banks, there are two similar bank-like units, and Taohuaxian Company also has an account, that is, Shenniao Rural Credit Cooperative and Shenniao Urban Credit Cooperative.

These two credit cooperatives exist in almost all counties across the country, although they are not called banks, but their basic functions are similar to banks, and the ownership belongs to the local local government, mainly serving local small and medium-sized enterprises and individuals.

Both of these credit cooperatives have the task of collecting savings, and the interest they give is significantly higher than that of the four major banks.

The funds mobilized by the power plant were invested in the development company, and the original place of registration was in the state, not so much the headquarters, but actually a shell subsidiary, which was used for accounting.

The financial director was sent from Hong Kong Island, and other financial personnel were hired locally, among which the financial manager was recommended by Li Kui, and her cousin, called Han Miaomiao, a native of Shenniao.

Shenniao turned out to be a small county town, and almost all the locals had inextricable interpersonal relationships. A deputy director of the Shenniao City Credit Union found Han Miaomiao through a roundabout relationship and asked her to deposit the company's money in the credit union, which is 50% higher than the interest rate of the four major banks.

The company's money is interest-bearing wherever it exists, and the safety of funds is not a problem, and the urban credit union is also government-run, Han Miaomiao opened an account in the Shenniao Urban Credit Cooperative, and successively saved some money.

The interest here is indeed a lot higher, and the interest is also very timely, and there has never been a mistake, Han Duoduo gradually concentrated the company's idle funds here.

Recently, the company happened to have another amount of money coming in, and the dividends of Peach Blossom Fairy Tea had arrived, with more than a billion yuan, and Han Duoduo also deposited this money in the city credit cooperative.

Chen Luxiao, the county magistrate, is planning the restructuring of the Shenniao City Credit Cooperative, thinking about transforming it into a commercial bank, and is currently carrying out asset liquidation and asset evaluation, and has temporary regulations to restrict the outflow of large funds.

In fact, there is no such temporary provision, and all financial institutions have also changed the law to restrict large capital outflows. You have withdrawn all the money, what else do we lend, especially urban credit cooperatives, the main income is to eat the interest difference, low-interest demand deposits and short-term deposits, medium and long-term high-interest loans, such as building bridges, roads, buildings and factories, as long as there are no bad debts, it is a steady profit and no loss.

Shenniao City Credit Cooperative, lending and savings, belong to different departments, each with its own tasks.

Deputy Director Yu, who was in charge of collecting reserves, came to discuss with Manager Han.

"Can you delay this money for a few more days, our club just transferred 500 million to you, why do you want to transfer it now?"

Han Miaomiao: "Director Yu, our company's project in the power plant in Liangzhou will allocate a total of 3 billion yuan, and you can't drop the chain for me." The money is our company, and we have the freedom and right to access it at any time. If you do this, who will dare to deposit money with you in the future?"

When Director Yu heard this, a total of 300 million yuan would be allocated, which was a big blood draw.

"I'll go back and report to the leader right away. ”

"Hurry up, then. If something goes wrong, we'll close your account. ”

When Director Yu went back to report like this, the leaders of the society also had a headache. Taohuaxian Company is the largest saver of urban credit cooperatives, and the society cannot afford to be offended, but if it withdraws 3 billion funds at once, the credit cooperatives will really hurt their muscles and bones, and maybe it will affect the ongoing restructuring.

Several leaders of the club discussed, what is Director Yu, you have been working hard recently, the club will give you an annual leave, you go out for a walk, and have fun for a week or two.

When Director Yu heard this, he let himself hide first. When Director Yu was on vacation, he quietly made a phone call to Han Miaomiao: "Manager Han, now is the extraordinary period of our company's restructuring, and the company's funds are indeed a little tight now, I have been put on annual leave by the company, and after calling you, I will turn off the phone......"

Manager Han got the news and immediately reported it to the chief financial officer. The financial director couldn't call the shots, so he reported to Li Dongwen layer by layer.

It was also the first time that Li Dongwen had encountered this kind of thing, and the money bank was still a scoundrel? He directly regarded the credit union as a money bank.

"Let's go back to the gods and see what tricks they are playing!" Li Dongwen instructed Zhou Daoping.

Li Dongwen returned to the Divine Bird, and Sun Yunsheng hurriedly came over to report.

"This city credit cooperative, it was only run a few years ago by the Shenniao government, the original chairman was Li Zhenkun, and the current chairman was replaced by Chen Luxiao, who is the county magistrate. ”

"Then let's go to meet Chairman Chen, and you send someone to inform her first. Li Dongwen instructed Sun Yunsheng.

Without waiting for Li Dongwen to set off, Wu Guoping took Chen Luxiao to the Taohuaxian Hotel.

The current Peach Blossom Fairy Company is a giant existence in the Divine Bird, with an output value of tens of billions and a tax revenue of more than 10 billion, that is, the God of Wealth of the government, and more than eighty percent of the financial income is contributed by the Peach Blossom Fairy Company. How dare the two county officials let Li Dongwen come to the door, as soon as they heard about it, they immediately rushed together. Secretary Wu Guoping was worried that Chen Luxiao, a woman, would make some trouble, and he didn't worry that she would come alone.

"Tell me about it, the money bank in your county...... What kind of credit union is that, can it still be run on? As far as your credit is concerned, it is also worthy of being called a credit cooperative?" Li Dongwen didn't have the heart to talk to them, so he directly started talking.

Why can't we do it? Aren't we just asking you to slow off for a few days? As soon as Chen Luxiao was about to explain, Wu Guoping stretched out his hand and stopped her.

Wu Guoping hurriedly said: "Boss Li is right in his criticism. The urban credit union in our county is really going to be unable to do it. ”

Li Dongwen's eyes narrowed: "What do you say? Do you really want to repay the debt?"

Wu Guoping continued: "It is definitely impossible to repay the debt. The money in the society has been loaned, and the capital is not very abundant. Now facing the restructuring, it is a life-and-death juncture, if the restructuring is not successful, it may be banned, then it really can't be done. ”

"That's a bit unreliable. Manager Sun, how much money we still have in this credit union, let's take it out and change it to a more reliable one. Li Dongwen asked Sun Yunsheng.

"There are more than 8 billion. Sun Yunsheng hurriedly replied.

Wu Guoping hurriedly said: "Boss Li, you dissipate your anger first and listen to me." If you really take more than 8 billion yuan, our credit union will be closed. I have a new idea here......"

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