As the center of the operation of the financial industry, banks have never been involved in charity, but are outright interest institutions.

Borrowing umbrellas on sunny days and collecting umbrellas on rainy days is what the banking industry is best at, and sending charcoal in the snow is not within their consideration at all, Chen Qiaoshan said that he can get a loan from the bank, not in a nonsense, but Liu Chang does not believe it.

The bank is not a good hall, Liu Chang has worked in the banking system for several years after graduating from university, although he is only a grassroots employee, but there has always been a lot of gossip in the industry, and she also knows a lot about the doorway inside.

Although the banking industry naturally needs to avoid risks, but under the domestic financial environment, this industry is more complex and disorderly, whether it is Tsingshan Capital or Kangsheng Technology, it is almost impossible to borrow money from the bank, in Liu Chang's view.

Seeing Chen Qiaoshan's eloquent appearance, Liu Chang couldn't help but be suspicious, she asked, "What, do you have any way to fail?"

"Not really. Chen Qiaoshan shook his head, for any non-public economic entity, if it cannot obtain the endorsement of the local government, it is quite difficult to get a loan from the bank through formal channels.

After the Asian financial crisis, state-owned enterprises suffered a wave of losses, and their profits plummeted by more than 40% compared to 10 years ago.

The situation was critical, and during the financial crisis, the World Bank publicly declared that China's banking sector was technically bankrupt.

In order to solve the huge amount of non-performing assets borne by the four major banks, in 99 years, under the leadership of the government, more than 1.4 trillion non-performing assets were stripped off, and four asset management companies such as Huarong, Great Wall and Cinda were established to take over and dispose of the bad debts, which far exceeded 15% of the GDP of that year, which allowed the four major banks to escape the dilemma of bankruptcy.

The bank escaped, but the bad debt was not substantially resolved, and it took nearly a decade to resolve the debt, which is also the origin of the four major asset management companies in China.

Although the Asian financial crisis has long passed, the negative impact has not completely dissipated, and as of today, the domestic banking industry has only just recovered its breath.

In these years, even a company with a cash flow of more than 10 million yuan can get a limited amount of loan credit, let alone a start-up without any real profit.

Now that the four major banks are in a period of centralized listing, far from being as rich as later generations, the capital gap on Tsingshan Capital's side is not small, even if there is no shortage of network resources, it is also difficult to get a 9-figure loan.

Chen Qiaoshan knows very well that with his ability, let alone 100 million, even 1 million credit, he is not short of money, the problem is that he lacks a channel to quickly get money into the country.

There are strict foreign exchange controls in China, and it is not a simple matter for foreign capital to enter the country or to transfer domestic property abroad, but since there is demand, there must be channels.

Of course, Chen Qiaoshan will not take the underground channel, so there are few paths left for him to choose.

In the face of Liu Chang's question, Chen Qiaoshan did not reserve any more, he said: "It's very simple, external guarantee and domestic loan. ”

If the guarantor is a bank, it does not even need to obtain the approval of the State Administration of Foreign Exchange, and there is also a corresponding foreign loan under domestic guarantee, which is also the usual way for domestic funds to go overseas in the future.

Liu Chang just didn't expect it for a while, but when she heard the answer, she also understood Chen Qiaoshan's plan at the moment, and asked, "Can you find a guarantor?"

Chen Qiaoshan couldn't help laughing, with his current net worth, even if he can't find a guarantor, it's not a problem at all, he just pays out of his own pocket, but it is obviously not cost-effective to move his personal funds from overseas to the mainland.

"I have spoken to UBS and they have agreed to issue a $15 million standby letter of credit for Tsingshan Capital. Chen Qiaoshan is worth a lot of money, but most of his funds have been arranged, and it will take a lot of trouble for him to take out nearly 100 million cash and deposit it in the bank as collateral, and it is a loss-making transaction.

Since he wanted to take out a loan, Chen Qiaoshan simply gave up the letter of guarantee, and chose to ask UBS to issue a conditional proof of commitment to payment, and then go to a Chinese bank with foreign currency business to go through the relevant procedures, which does not involve the cross-border transfer of funds, but simply guarantees.

Of course, UBS will not question Chen Qiaoshan's ability to perform the contract, and his current asset allocation is through the UBS channel, even if the loan defaults and the standby certificate is forced to be paid, it will not cause any substantial losses to UBS.

As a result, Chen Qiaoshan will personally bear more than 100 million debts in China, but for him, the pressure is completely non-existent.

To paraphrase a big truth, debt represents the recognition of capital, and the more debt you carry, the more valuable the person is, but this is only effective for financing through normal channels.

"Fifteen million dollars?" Liu Chang couldn't help but confirm.

Tsingshan Capital has burned nearly 10 million US dollars today, who would have thought that Chen Qiaoshan is ready to continue to increase investment, Liu Chang is also a little hesitant, such a large investment, whether it can bring the expected returns, now seems to be still an unknown.

"US$10 million of the proceeds will be used to complete the remaining acquisitions, and the remainder will be used as seed capital for Tsingshan Capital in the second and third quarters. ”

In addition to the framework media, the remaining market share has been acquired nearly half, Chen Qiaoshan is not ready to drag it out, if nothing else, the focus listing has reached a critical juncture, in order to avoid long nights and dreams, it is best to speed up the process of mergers and acquisitions.

Liu Chang subconsciously glanced at Chen Qiaoshan, and saw that his expression was solemn, obviously not joking, so she stopped her mind to continue to ask, in addition to being surprised by Chen Qiaoshan's generosity, she couldn't help but secretly speculate about his net worth, thought about it, and said with a smile: "Can't you see it, your family is rich enough?"

"What, have an idea?" Chen Qiaoshan asked with a smile.

The relationship between the two families is familiar, and they know each other in Weimo, although the master and slave are different now, but the relationship is different after all.

In front of Chen Qiaoshan, Liu Chang didn't have too many scruples, she smiled and said, "What can I think, is it possible that you dare to dump Xiao Qin?"

Chen Qiaoshan said: "Forget it, you are pregnant now, don't talk about Lao Wang, I don't want to be a father." ”

Although Liu Chang didn't understand the meaning of being a father, she also knew that it would not be a good word, so she took a sip and no longer cared about the benefits of her tongue with him.

"How long will it take for the funds to arrive?" After a few jokes, Liu Chang was concerned about the progress of the funds.

Even if there is a way to get a loan, the process still has to be followed, and domestic banks are also involved in the middle, and the project will definitely not be completed within the specified date if it is not grasped.

"As soon as possible, UBS has already negotiated, and now we need to find a domestic bank to dock. Chen Qiaoshan knows that now is not as good as in later generations, and the channels to choose from are limited.

With UBS providing a guarantee, for the lending bank, this is a business that is sure to make money without losing money, but any business has a risk cost, even if there is a guarantee, there are loopholes to exploit in the domestic guarantee foreign loan or the foreign guarantee domestic loan.

For this loan, if Chen Qiaoshan takes the initiative to default, UBS must bear the liability for compensation, so that the transfer of capital is realized, and the policy supervision is avoided, which is obviously contrary to capital control, and its reverse operation is one of the ways to transfer assets overseas.

Of course, Chen Qiaoshan did not have the idea of default.

The venture capital industry is relatively special, and no one knows the profit prospects of Tsingshan Capital until the harvest period is clear, at least at this stage, the safety of his funds is safe.

After a little hesitation, Chen Qiaoshan said: "Sister Chang, you can stop the case in your hand for a while, go to Hong Kong for me, and take full responsibility for the loan." ”

"I passed?" Liu Chang was deeply surprised, before this, the mergers and acquisitions of the residential advertising market were led by her, and now it is a critical moment, how can she rest assured that she will leave.

And with Chen Qiaoshan's style of acting, the project will not be suspended because of her departure, Liu Chang knows very well in his heart that if he goes to Hong Kong, someone will inevitably take over, without waiting for Chen Qiaoshan to answer, she asked: "If I leave, who will take care of this mess?"

"The performance of the framework side has not improved, and now the minority shareholders are very noisy. Chen Qiaoshan only said half of what he said, but Liu Chang already understood what he meant.

Frame is a force to be reckoned with in the residential print advertising market, Liu Chang knew very early that Chen Qiaoshan will not be satisfied with only being a major shareholder of the framework, he spends a huge amount of money on integration, and will never let the framework go on to become independent, and the overall acquisition is also a matter of time.

Thinking of the hard work in the past few months, although it is not possible to talk about the birds, Liu Chang is inevitably a little disappointed in her heart, she knows that even if she leaves, even if she comes back with a large amount of money, I am afraid it will be difficult to get back the dominance of the project.

Noticing the loneliness that flashed on Liu Chang's face, how Chen Qiaoshan didn't understand her thoughts.

Tan Zhi has fought for the dominance of the project many times, but Chen Qiaoshan has never made up his mind.

Nearly half of the market share was talked about by Liu Chang, and now the remaining funds are about to be in place, so it must be a little unreasonable to let her withdraw at this time, but Chen Qiaoshan also has his own considerations.

From the bottom of his heart, Liu Chang is his own person and is undoubtedly more trustworthy, but Tan Zhi has rich experience in the industry and has the precedent of successful integration in the previous life, from the perspective of risk, it is obviously more realistic to hand it over to Tan Zhi.

And integration is only the first step, the follow-up intrigue with Focus and Juzhong Media is the most important thing, compared with an old fox like Tan Zhi, Liu Chang still lacks some heat.

Based on overall consideration, Chen Qiaoshan made the final choice and let Liu Chang leave temporarily.

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