When a financial crisis occurs, information failures in the financial system lead to catastrophic consequences for the economy. In order to revive the economy, the financial system needs to be restarted in order to complete the work of directing money to productive investment. In industrialized countries, central banks can do this through expansionary monetary policy or by making loans of last resort.

Central banks in emerging market economies do not have this capacity. And the domestic is just like this, the previous few years of inflation has just ended, so far the domestic economy has stagflation, the price of raw materials continues to fall, and the price of labor is also falling, especially the most ordinary labor, followed by housing prices basically into a slow climbing process.

The most obvious thing about stagflation is the price of general consumer goods, there are more and more small restaurants, there are more and more snack vendors, and with the decline of rural income, the number of people moving into the city has begun to increase on a large scale.

In 98 years, the country is facing a key point in the reform of state-owned enterprises, state-owned enterprises have serious losses, high debts, and serious unemployment problems in state-owned enterprises. In '98, the non-performing loan ratio of the state-owned commercial banks was as high as 33 percent, and it was close to bankruptcy; among them, the non-performing loans of the four major state-owned banks rose sharply from 28.66 percent at the end of 1997 to 31.38 percent in September 1998. The World Bank even claimed back in the day that China's banking sector was technically bankrupt. The high rate of bad debts of banks was an important background for the Chinese government at that time to vigorously launch a 2 trillion yuan "debt-to-equity swap" to relieve the difficulties of state-owned enterprises and banks.

In this context, the rapid development of the enterprise, in fact, Zhao Hong is actually quite satisfied, but if he can't put forward higher goals, it seems that there is something wrong with the management of those management who are not embarrassed, so he can only give material rewards at the same time.

Many experienced people know what's going on, but the real big prize has deeply stimulated them, they also have expectations, just habitually wait and see, once they find hope and opportunities, of course they will also work hard, because they know that opportunities are not easy to come by!

In the days after the bonus was issued, Zhao Hong and Guo Yi did not go back to the company, but the discussion within the company began. The situation of the subsidiary has a better understanding, and this reward is also everything, the bonus is the most ordinary, the share award is the most enviable, although there is no voting right, only the right to dividends, but as long as the working time is more than 5 years, there is naturally the right to vote, many employees who originally had other thoughts began to settle down, the original ruffian employees began to be active, and the original Taoguang Yanghui employees also began to actively perform and fight!

According to the feedback of the managers of each company, on the whole, the subjective initiative of employees has been stimulated, and the company's management has also entered the stage of conscious management, everyone can take the initiative to complete the task, and even overachieve, many times can get the greatest benefits, the company's personnel spirit is more positive and sunny, and the company's benefits are gradually accelerating the growth rate.

After a small-scale meeting of the company's managers, we all decided to set up a domestic branch headquarters in Haishi, with Mr. Hu Lijin from Gangcheng as the general manager, mainly responsible for the capital allocation between the various subsidiaries of the branch, improving the efficiency of the use of funds, and of course, also having the role of capital review.

Since then, the work in China can come to an end for the time being, Zhao Hong and Guo Yi are also very relaxed, and the government's charity activities are represented by the freshly baked Mr. Hu Lijin.

Because of its identity as a port city, it has also attracted much attention, but the amount donated by the company is not very high, and the managers of each subsidiary are so tacitly smiling, and finally waiting for a guy who can be in front!

Guo Yi did not participate, went back to the hotel to rest, accompanied by her sister who came to Haishi on a business trip, her sister temporarily presided over the work of a small foreign trade company to win orders, mainly to participate in foreign trade conferences.

Zhao Hong went to participate in the fundraising party with Mr. Hu, and by the way, we took a look at the company's social environment.

Since the reform and opening up, policies and regulations have been constantly changing, that is, the rules of society have been changing.

In the 80s, the social planned economy was dominant, and the individual economy was a supplement, but there was a dispute over whether private enterprises should exist for many years, and there were even many people who acted as "martyrs", and many people failed in their enterprises and suffered from prison. In the early nineties, many founders of the "hat" enterprises of that era were cleared out of the enterprise, commonly known as the "fruit picking" action.

What will happen next? Will the enterprise continue to develop? Can it continue to expand investment? Even if Zhao Hong is a reborn, he does not dare to be careless, because the memory is not so careful, and there are huge differences between various regions in the country. Therefore, the previous experience still cannot be messed up, develop in the country, be careful, and especially important, the attitude of the government is too important!

The charity gala is still in the large conference hall of the city hotel, and the hall is beautifully decorated and unusually dazzling. Zhao Hong followed Hu Lijin and a branch assistant to participate in it, which is also an invitation that can bring three people, and Zhao Hong doesn't want to attract attention, so he can only use Hu Lijin's invitation.

The meeting was in accordance with the usual practice of free communication first, people automatically separated according to the geographical distinction, followed Hu Lijin directly to a bunch of people in the port city, everyone gathered together in a natural hypocritical politeness, and then the exchange of business cards, although Zhao Song Group is a new name in the sea market, but it still has a certain reputation in the port city, especially the recruitment advertisement some time ago, which is not very strange to many people.

A manager Liu said politely, "I heard from a friend some time ago that a new group company has appeared in Hong Kong City, called Zhao Song Group, what industry do you mainly have?

Others also echoed it, and Hu Lijin said with some pride, "Although the group company has just been established, the scale and strength of the company are still very good." The most important thing is the field of financial investment, which has only been in the business field for a few years. Mainly in the high-tech field and information service companies. In China, it mainly participates in a computer company, a wedding company, a stationery company, a software company, and has invested in more than a dozen medium-sized companies, with a turnover of about 1 billion yuan a year. At present, the domestic headquarters is set up in Haishi. Foreign countries are mainly M country branches, so far it is still mainly based on equity investment and financial investment, and the Australian branch also has some entity investment projects, as well as equity investment projects. There is its own Zhao Song Group Building in Hong Kong City. ”

The people around them gasped a little, the strength of Zhao Song Group was somewhat unexpected to them, and it was also a company with abundant cash flow. This is especially rare at a time when the current economic crisis has just ended.

"Brother Hu, please take care of me in the future, and the brother company will rely on it more in the future!"

"Brother Hu, take care of me in the future!"

……

Hu Lijin also said very calmly, "Isn't the mall just about helping each other! If there are any good opportunities, everyone can also participate together! You're welcome." In particular, our group already has an investment company, and financial investment can also be considered!"

The people here are mainly small and medium-sized enterprises, and they are all some enterprises that are not very good in the port city, all types, food, stationery, toys, etc., many of them have achieved a certain development after entering the mainland, but due to some strength, insufficient production capacity or insufficient capital investment, these guys heard Hu Lijin's statement and immediately surrounded them.

Zhao Hong and the assistant were also busy, especially some small company owners, who couldn't squeeze in, so they talked to two people, Zhao Hong also took Hu Lijin's business card, and took other people's business cards, listening to the brief introduction of their company, which does have a lot of good projects, especially some clothing foundry projects, small electronic foundry project companies are very good, with rapid development of orders, but there is not enough funds to upgrade equipment and improve production capacity and efficiency. And these are obviously the right opportunities and projects that Zhao Hong has been trying to find.

Zhao Hong listened carefully to their speeches and recorded some key things in order to contact and arrange specific assessments, as for whether to buy shares or not, it still needs to be analyzed on a case-by-case basis.

Before the official start of the meeting, there were nearly 20 partners who reached an agreement, and Zhao Hong was very satisfied, Hu Lijin was of course even more satisfied, and the boss's satisfaction was the greatest satisfaction! Politely, everyone agreed on a specific time for negotiation, and everyone began to have an exchange of wind and snow, of course, this is also the favorite of these middle-aged uncles! But most of them are just talking, after all, life and work are the most important things! This is just their alternative way of relaxing.

And after Zhao Hong said hello to Hu Lijin, he left their circle and went to the quietest circle in China, and Zhao Hong saw the old gentleman he had known before.

It's been more than two years since I graduated from college and left Haishi, and the old man I met in the park is even older, but the spirit is still good, and this time I also came with two children, in addition to the girl I saw before, there is also a young handsome guy.

Zhao Hong walked over quickly, and took the initiative to say hello, "Hello Uncle Chen, I haven't seen you for a long time!

The old man also smiled happily and said, "Mr. Ma still dislikes me for being too young, and wants me to continue to live well!"

Chen Weilan, who was on the side, was not happy, and said with a look of resentment, "You are such a bad person!

Zhao Hong is also a question mark in his head? What does this mean?

Chen Weilan said with some excitement, "This is my grandfather, how can you call me uncle?