Qingquan, from individuals to enterprises, participated in large-scale fund-raising and lending, so that the local banking system could not absorb residents' deposits at all, and there was no way to lend loans.

Therefore, whether it is the Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank, the Agricultural Bank of China, the Bank of Communications, and other five major banks, as well as the urban commercial banks or rural credit cooperatives in Qingquan, they are all struggling to move forward and have difficulties in operating in Qingquan.

After the year, Qingquan City Commercial Bank carried out the shareholding reform, and Dashang Capital injected one billion capital into nine enterprises in conjunction with Xinrui City, Xillong Group and Guobang Real Estate in exchange for 80 shares, but in the past three or four months, Qingquan City Commercial Bank has absorbed only three or five billion deposits of urban and rural residents in addition to the settlement of business funds of various enterprises in Qingquan.

Even if these deposits are all lent out, there is not a single bad debt, and only three or four million interest margin income can be generated every year.

However, once the private fund-raising and lending bubble in Qingquan City bursts, the first beneficiary will be Qingquan's banking system, and then large-scale funds will flow back to the banking system in the form of residents' deposits, so as to promote the real development of Qingquan's banking industry.

The domestic people still have a natural trust in the five major banks, but the Qingquan City Commercial Bank has to make great efforts to do its work on how many residents' deposits it can grab at this time.

Theoretically, based on the scale of core capital owned by Qingquan City Commercial Bank at this time, the total scale of asset lending in the future can reach a maximum of about 25 billion yuan, which means that the deposits of urban and rural residents that need to be absorbed should be higher than this amount.

At that time, Chen Li's capital invested at the end of the year will be likely to obtain considerable returns.

Now that it is time to burst the bubble of Qingquan's fund-raising and lending, Chen Li naturally asked the commercial banks to make full preparations in advance in terms of branch laying and publicity.

Back home, Chen Li said to his second uncle Chen Biao and Chen Cheng: "You take the bearing factory, if there is a lack of liquidity in production, you can find a commercial bank to solve a part, you don't need to go to high-interest loans, but the funds lent to you by commercial banks have a clear purpose, you don't want to embezzle them to other places, when the commercial bank draws loans, I won't help you ask for this." ”

Chen Biao now took out more than 4 million under the bearing factory, and indeed needed millions of working capital, if this money is borrowed from the private sector, with an annual interest rate of 20 or 30 percent of the year, the financial cost is too high, Chen Li opened his mouth at this time, they can mortgage and lend enough working capital from Qingquan City Commercial Bank, it would be better.

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Chen Li learned from Xiang Qiuning that Nanhua Group would not hesitate to break his wrist to discount this time, and he would also quickly return the funds.

This is not only a real estate project in Nanhua Garden City, but a comprehensive decision made by Nanhua Group after deeply feeling the chill brought by the subprime mortgage financial crisis spreading to China.

Nanhua's projects across the country, including the commercial and office parts of Nanhua New Town in Shangdong New District, will be promoted at the same time to recoup as much capital as possible to cope with the more difficult situation in the future.

In the past few years, Nanhua Group has developed and built super projects similar to Nanhua New City in Guangcheng and other domestic first- and second-tier cities, as many as ten, and the total assets of Nanhua Group are as high as 120 billion, and the scale of liabilities is about 60 billion, which is in the past, the debt ratio of about 50 is nothing, but due to the rapid expansion in the past two years, the cash reserves of Nanhua Group have been somewhat depleted, and it has been less than 10 billion.

At this time, the major domestic banks have begun to shrink the monetary base, on the one hand, to control the issuance of new loans, on the other hand, to keep an eye on the trend of old loans, a little wind to blow the grassroots, or embezzlement of defaulted places, on the advance of loans, South China Group in the short term accounts payable and due debts are more and intensive, so South China Group this super promotion, is currently in one to two months, 100 to 15 billion funds.

At this time, it is no longer important whether the project can be profitable, and even a certain amount of loss in a short period of time is also necessary.

It can also be seen that even if Xiang Jingyi is a little sluggish in judging the situation, he is quite decisive and ruthless when he really makes a decision.

Although this is a major decision made by Nanhua Group for the national market, it is also due to the more serious problems in the Qingquan property market, so Nanhua Garden City has the largest discount.

The floor price of Nanhua Garden City has reached 2,500 yuan per square meter, plus the construction and installation costs, operation and finance, and the necessary taxes, the promotional price of the new house has dropped to less than 5,000, and it has to bear a considerable loss, but Chen Li feels that Nanhua's decision is not wrong.

When a situation is critical, nothing is more important than surviving.

At present, in addition to ensuring that the two core high-end projects of Xinrui Star City and Jinchen Yueyuan are not affected, other projects have begun to increase their promotional efforts since the beginning of the year, and they have also returned as much funds as possible at the cost of losing part of their profits.

Chen Li got the relevant news from Xiang Qiuning, although Fang Yixin did not have such a direct source of information, but the South China Commercial Capital Branch held a meeting overnight, and when the price reduction promotion was deployed this time, he also got the news as soon as possible, and it was almost the early morning when Luo Rongmin had just returned to Shangdu from Qingquan.

Fang Yixin has been guarding against what small moves Chen Li may make, but he didn't expect that the most powerful knife would be stabbed by Nanhua Group.

He slept in a daze, and when he received the call, he sat up suddenly, and the snow-white delicate body beside him trembled a little, and asked in a tired voice, "Honey, what's wrong?"

Fang Yixin ignored the concerned questions of the pillow person, walked out of bed barefoot, walked to the floor-to-ceiling window, looked at the neon lights outside the window that were not extinguished all night, and repeatedly confirmed the authenticity of the news, although Shangdu already had some early summer appearance, and there were twenty degrees at night, but Fang Yixin stood in front of the window, but he deeply felt the chill on his back.

After the year, Qingquan Xinrui City took the lead in reducing the price, reducing the highest-quality apartment houses in Binjiang New District to about 7,000 per square meter, but because the unbuilt more than 800,000 square meters of projects in Qingquan Xinrui City were closed and not started, and the projects that were completed and under construction and sold were about 700,000 square meters, after three months of substantial price reduction promotion, it has been digested.

Even so, due to a group of developers following the trend and reducing prices, the property prices in the main urban area of Qingquan were directly adjusted to about 7,000, forcing Wanbang Jialong Binjiang New Town to open with a profit and loss line.

Even so, Binjiang New Town has barely 300 million transactions in three months, although April has not passed, but it is expected that there will only be about 150 million sales, plus the sales of Jiangwan New Town, the funds can barely maintain operation, and may be able to drag through this real estate winter.

Who would have thought that the knife stabbed by Nanhua would be so ruthless.

Nanhua not only sharply lowered the sales price of Nanhua Garden City, but also sharply reduced the price of new houses in Nanhua New Town, which is located in the core area of Shangdong New Town, to about 7,000 per square meter.

Fang Yixin really felt the severity of the situation at this moment, and he didn't care that it was late at night, so he hurriedly pulled out a few phones and announced the news to the second uncle, Fang Longmao.

finally stayed up until dawn, and when the second uncle Fang Longmao rushed over from Los Angeles overnight, Fang Yixin, who had not slept for half the night, also got dressed, washed hastily, and drove to the company.

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Fang Longmao, Gao Junmeng and Mu Zhirong have not been very involved in the specific construction and operation of the project in the past two years, Wanbang Jialong is mainly sent by Wanbang Real Estate Yu Xingwei and Fang Yixin led Zhang Hongqing, Yang Chaolin, Liu Mukai They are operating, but such a big thing happened, Fang Longmao rushed over from Los Angeles overnight, and they also rushed over early in the morning to meet.

"Nanhua has already made arrangements, and it may be that the price will be officially lowered in two or three days," Fang Yixin untied the tie that was holding his neck and led him breathlessly, and said, "If we decide to follow the drastic price reduction, then Jiangwan New Town will have to be adjusted to at least 5,000 and 4,000 or even lower, so that it is possible to keep the cash flow from completely drying up and cutting off, and the speed cannot be slower than that of Nanhua." ”

"Can Wanbang Real Estate consider lending some of the funds to Wanbang Jialong?" Gao Junmeng was a little unwilling, staring at Yu Xingwei, who represented Wanbang Real Estate, and asked.

If Fang Yi's new price adjustment and promotion strategy is implemented, the loss is too large, and he always feels that the situation will not be too bad, and if Wanbang can borrow some funds, the situation may improve for a few months.

"It's not that there is a problem with the Qingquan property market now, but the property market in Qingquan is more serious, and the total short-term debt that Wanbang needs to repay within a year is as high as 20 billion. Yu Xingwei said.

As a real real estate predator, although there are short-term debts of 20 billion yuan that are about to expire, Wanbang still has more than 20 billion cash in hand, even if the sales of later project products decline strictly, there is no need to worry about what will happen.

However, even if Han Zirui did not make it clear, Yu Xingwei knew in his heart that it was impossible for Wanbang to lend valuable billions of funds at low interest to Wanbang Jialong at this time to tide over the difficulties.

"It's better to reduce the price and return some of the funds first, depending on the situation. Fang Longmao said.

He knows that everyone is the master who wants to eat meat, although Wanbang holds the equity of Wanbang Jialong 30, but it really needs Wanbang to invest a huge amount of money to save it, and it is impossible for Fanglong Real Estate and Jiahe not to give up some actual interests.

"Considering that the transaction volume of the Qingquan property market continues to decline and slump, and the effect of price reduction promotion may not be ideal, the three should also consider a billion funds, just in case. Fang Yixin said with a frown.

"Well, it's about preparing for the worst. Mu Zhirong now regrets that he did not cooperate with Xinchao Rui at the beginning, seeing that Hu Guoming in addition to the vigorous development of Dacheng Construction, in addition to the shareholding of Xinrui City, Xinchao Rui Commerce, Dashang Capital, and Xinchao Rui Real Estate through Xinchao Rui Real Estate, he also reduced his holdings from the listed Xinrui City and cashed out 2 billion in 06 and 07 years, Mu Zhirong's intestines are about to regret it, but he has now fallen into the pit of Wanbang Jialong, and he can only continue to carry it hard.

Fang Longmao looked at Gao Junmeng.

Gao Junmeng had a big headache.

Fanglong Real Estate is a real estate company jointly established by the Fang family and Gao Junmeng, and jointly holds 40 shares of Wanbang Jialong, after the formation of Wanbang Jialong, there are only a handful of real estate projects independently developed by Fanglong Real Estate, and every time Wanbang Jialong encounters capital injection, it is actually Fangjia or Gao Junmeng in the name of Fengyuan Group to raise extra.

Los Angeles is the territory of the Fang family that has been operating for several years, and in addition to the industry, there are additional real estate companies.

In recent years, the economic development of Los Angeles has not risen as fast as Qingquan, but it still ranks third in the province, the city has promoted the construction of new cities on a large scale, and the development of the property market is also quite strong, which makes the Fang family's operation in Los Angeles okay, and it is not a big problem to draw out 200 million.

Gao Junmeng's Fengyuan Group is mainly engaged in high-end automobile trade and auto parts production, although the development has been good in recent years, but directly or indirectly for Wanbang Jialong to undertake 2 billion capital injection, a considerable part of which is high-interest loans, at this time to continue to draw out another 200 million, it is really a little unsustainable.

"This is just a worst-case scenario, so there's no rush for the time being. Fang Longmao saw that Gao Junmeng was silent, and he didn't mean to urge him, so he immediately turned to discuss other details of Wanbang Jialong's overcoming of the current difficulties.

At ten o'clock in the morning, the conference room was filled with smoke, Yu Xingwei's mobile phone on the table vibrate, he picked it up and looked at it, and said to Fang Yixin: "It's Secretary Tao's phone, it may be that Governor Zheng has something to ask me for......"

"......" At this time, everyone was made upset by Nanhua's actions, and I don't know what Zheng Cong has to do at this time, so he will bypass Han Zirui and go directly to Yu Xingwei.

"Well, Secretary Tao, hello, hello, have something to look for me? Ah, it's Governor Zheng who wants to find me, I'm in Shangdu, Fang Longmao Fang, he is also in Shangdu, okay, okay, Governor Zheng wants to know about Wanbang Jialong's situation, I and Mr. Fang will go to Governor Zheng's office immediately," Yu Xingwei hung up the phone and said to Fang Longmao, "Governor Zheng wants to know about Wanbang Jialong's situation, and wants me to accompany Mr. Fang to you for a trip." ”