Epilogue (9)
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Yan Wenjie's mind went blank for a moment, and a chill rushed from his back to his heart. Before the establishment of the China Banking Regulatory Commission, the central bank also had the power to supervise the domestic banking industry, Geng Shanxue, Huang Kebin, Huang Qiyun, and Ma Shan were all directors and shareholders of the bank.
As the only two non-public commercial banks in China, the original intention of the establishment of the China Credit and Communications Bank was that the domestic banking system needed to break through the experimental field of surnames, and in order to support the domestic non-public economy, it also considered mainly absorbing domestic private capital during the period of its establishment. At that time, the private economy in eastern Zhejiang Province was active, and Yan Kuanhe had the influence of contacts and influence in the central financial and economic system, and when the Credit and Communications Bank was established, Horizon Construction and seven other private enterprises in eastern Zhejiang at that time undertook the majority of the capital contribution, and the headquarters of the bank was finally set up in Wenzhou. From the early nineties, some insightful private entrepreneurs in China gradually realized the financing and industrial integration role that financial institutions can play in the development of large-scale group industries, Geng Shanxue, Huang Kebin, Huang Qiyun, Ma Shan and others were all famous private entrepreneurs in China at that time, and also actively participated in the preparation of the bank, and eventually became shareholders of the bank.
For the shareholders of these credit banks, their requirements for the bank are not only the rapid development of the bank itself, which will increase the value of their initial investment, but also hope that the bank can absorb a huge amount of public funds to solve the problem of capital hunger for the development of their own industrial groups.
Resources are always limited, and when the Yan family uses its largest shareholder and other shareholders in Wenzhou, eastern Zhejiang, to control the financial resources of Xintong Bank to favor the Horizon system and the Wenzhou private enterprises close to the Horizon system, it will naturally cause dissatisfaction and hostility among other shareholders. However, the Yan family and the Horizon Department have been in a strong position for many years, and they have joined forces with other shareholders in the Wenzhou area, and other shareholders dare not speak out, and the development of the Bank has been quite rapid over the years, so the contradiction has not sharpened.
Geng Xueshan, Huang Qiyun, Ma Shan, Huang Kebin and others, as well-known private entrepreneurs in China, have their industries also dominant, and they are by no means without connections in the central ministries and commissions, and they also have a considerable understanding of Kumho's background, and they also have some understanding of Jiang Minzhi's desire to kill Haisu Technology Liwei and Dong Jiannian's desire to use Haisu Technology to clear the roadway, plus the greed of the Yan family and the Hongxin Department over the years has also offended quite a lot of people. They realized that the opportunity to bring down the Yan family in one fell swoop had come, so they immediately made a decision to go to Beijing to file a lawsuit to fight for control of the Credit and Communications Bank.
Yes, they just want to fight for control of the bank!
Yan Wenjie broke out in a cold sweat, he didn't know if there was a huge net waiting for the Yan family to jump in, he knew very well in his heart that once the Yan family lost control of the bank, the loan of nearly 20 billion yuan provided by the bank to the affiliated enterprises of the Horizon system would be a deadly rope around the neck of the horizon, as long as it was gently pulled, the assets of the Horizon system were likely to fall apart.
They are too ruthless, although there has been no head-on conflict over the years, but Yan Wenjie believes that their grudge against the Yan family and Hongxin will not be small, once the control of Xintong Bank falls into their hands, what is the fate of waiting for the Yan family and waiting for Hongxin, Yan Wenjie can also think of it with his toes.
Looking at his father's wrinkled face, Yan Wenjie said: "Dad, this time I want you to accompany me to Yanjing, we will leave immediately, there is no plane at the airport, let them drive a special plane, and President Dong will also go with us......" Yan Kuanhe and Dong Weiwen both knew the seriousness of the situation, so they waited for Yan Wenjie to come over in the president's office.
The phone on the desk rang suddenly, Dong Weiwen grabbed the microphone, and after a while, a layer of frost seemed to be added to his grim face: "When did it start, why did you report it now?" Put down the phone and said to Yan Kuanhe and Yan Wenjie: "There are rumors outside that the Bank of Information and Communications is extremely unfavorable, and after three o'clock, the number of withdrawals of the Bank in Wenzhou has increased sharply, and it did not attract attention at first, but now it seems that there is a possible possibility of forming a run tide!" β
The bad news came one after another, and when he heard that there was a possibility of a run on various bank outlets, Yan Wenjie's hairs stood up. He knew that those enemies in the open and in the dark would use all kinds of means to make the Yan family too busy to be defenseless.
Once a run is formed, and the amount of funds of the bank is not enough to deal with it, the bank is likely to be completely unable to support it. At that time, even if you can firmly control the bank, what is the use? He didn't expect his opponent to be so ruthless, and he didn't intend to give them a chance at all.
Even if the crowding tide is dealt with, the central bank will not sit idly by and watch such a serious situation, and there is no need for Huang Qiwen and others to go to Yanjing to complain at that time, and the central bank will also conduct strict scrutiny of the bank.
Is that him? Yan Wenjie remembered that seemingly harmless young face, although he had regarded Kumho as a fierce rival for all these years, he had not even figured out how Kumho had risen. Of course, Yan Wenjie would not admit this, but at this time, he had a deeper sense of frustration in his heart than before, and a sense of powerlessness that he wanted to be completely knocked down.
Dong Weiwen looked at the round clock hanging on the wall, it was less than half an hour before today's closing time, and there should be no problem for the outlets to survive today, but the contagion of rumors is extremely terrible, maybe it will not only be Wenzhou's outlets that have problems tomorrow. Compared with going to Yanjing to deal with Huang Qiyun and others, the more important thing at the moment is to refute the rumors and stabilize the situation, and it is necessary to borrow sufficient funds from the industry to deal with the run that may occur early tomorrow morning.
"The Wenzhou branch is likely to be the hardest-hit area tomorrow, so I am calling the major banks to ask for support; Did Elder Yan contact the province and the city, and let the province and city help coordinate, and the work was relatively easy? Dong Weiwen said.
The phone on the table rang again, and the bad news came one after another, Dong Weiwen was a little afraid of the phone, and at this time, he had to grab the microphone hard, Yan Kuanhe and Yan Wenjie also looked at Dong Weiwen nervously. Dong Weiwen put down the microphone after a while, and said weakly to the Yan family's father and son: "The call from the Provincial People's Bank asked about the situation of the run on the outlets......"
Before the establishment of the CBRC and the provincial banking regulatory departments, the provincial People's Bank of China had the authority to supervise the banking industry in various provinces and cities, and could even take over the operation of commercial banks according to emergencies. The news spread so quickly to the Provincial People's Bank, and the Provincial People's Bank couldn't wait to call, probably because they wished they could hand over the control of the Xintong Bank now, plus Huang Qiyun, Huang Kebin and others were already in Yanjing, the conspiracy behind this was not clear enough?
Yan Wenjie hung his head and sat on the sofa very weakly, isn't the situation in front of him clear enough? Not only can the problems of Haisu Technology not be covered, but also the problems of the Credit and Communications Bank, maybe some problems are not big problems at all, but at this time, the wall is down and everyone pushes it, and any problem will become a big problem......##ζ΅δΈηζΏζ§εθ°ειΆθ‘εδΏ‘ιιΆθ‘ζεδΊθΏηΎδΊΏηθ΅ι## The Provincial People's Bank of China stood up to take charge of the credit for the Credit Bank, which enabled the Bank to survive the week-long run in mid-November.
Not to mention that the Bank lost more than 26 billion yuan in deposits in just one week, accounting for 18% of the balance of deposits in the Bank, only as the second large commercial bank in China to encounter a run since the founding of the People's Republic of China, the surname is far more serious than Haisu Technology's three falls, and the blow to the Yan family is also more fatal than Haisu Technology.
On the third day after the run, the People's Bank of Eastern Zhejiang Province officially dispatched a supervision team to the bank to supervise the bank's regular operations, Dong Weiwen resigned as president of the bank, and Yan Wenjie was also forced to resign as a director of the board of directors of the bank, marking the complete loss of control of the bank by Horizon. At the same time, the central bank officially set up a higher-level investigation team to go to Wenzhou to investigate the various problems that have existed in the operation of the bank over the years...... On 1 December, Jiang Jinyuan, deputy secretary of the eastern Zhejiang Provincial Party Committee and governor of the province, gave a letter to the central authorities to transfer him to the Central and Western Policy Committee of the State Council as deputy director at the ministerial level, and Zhao Yang, deputy secretary of the eastern Zhejiang Provincial Party Committee, concurrently held the post of acting governor; As the Yan family's most important officialdom umbrella in eastern Zhejiang, Jin Liping, secretary of the Wenzhou Municipal Party Committee, was also dismissed from the post of secretary of the Municipal Party Committee on December 12 and temporarily transferred to the deputy ministerial-level inspector of the Ministry of Construction; Yan Lihua, Yan Yi and other members of the Yan family in the local party and government system have been transferred from leading positions one after another, which means that the investigation of the problems behind the scenes of the bank will be thoroughly deepened.
No one, especially those who have already stood up to fight the Yan family and the Hongxin system, no one is willing to give the Yan family a chance to breathe.
As early as 6 December, the procuratorates of Donghai Province and East Zhejiang Province formally made a decision to place Yan Wenjie, Lin Xue, and others under residential surveillance...... It is initially estimated that the Yan family used their control over the bank to obtain loans from the bank with a balance of up to 24 billion yuan, of which more than 60 percent were illegal loans, and the total amount of loans from the bank was even less than 100 billion yuan.
The evidence that Yan Wenjie and Lin Xue used Horizon Investment and Jingdian Real Estate to illegally borrow 4 billion yuan from the Credit and Communications Bank to illegally carry out a number of behind-the-scenes transactions from the stock price of Haisu Technology in the primary and secondary markets has also been preliminarily confirmed. As a matter of fact, this incriminating evidence is the best way to confirm, and the key lies in whether the relevant departments want to investigate or not.
Although the total assets of the enterprises under the Horizon Department are as high as 60 billion yuan, it is undoubtedly fatal to ask them to come up with 24 billion yuan in cash at once. In order to avoid the bankruptcy of Horizon from having a big impact on the local economy, employment and social stability, the provincial government axe chaired by Zhao Yang coordinated with the Provincial People's Bank of China and the central bank investigation team and decided that Wenzhou Iron and Steel, which is relatively controlled by Horizon Investment, would be taken over by the Provincial Iron and Steel Group, and Horizon Construction would be taken over by the Provincial Urban Construction Group.
As for the other loans defaulted by Horizon Investment and its affiliates totalling $6 billion, ICT Bank will take over the assets of Horizon Investment and its affiliates as a creditor until the outstanding loans are fully clarified.
(To be continued)