Zhu Yuntian and Liu Huadong left by car, while Kong Limin, Luo Yitong, and Xu Jian all stayed in the conference room on the seventh floor of the Union Building.

Lin Quan took out his cigarette, ignoring Fang Nan's angry eyes, Kong Limin also took out a cigarette, Xu Jian was used to smoking cigars, and glanced at the cigarette that Lin Quan threw on the table was still light, and snorted: "It's better not to smoke women's cigarettes." ”

"Huh?" Lin Quan picked up the cigarette case, looked left and right to see the word "dedicated" for the lady, and looked at Fang Nan suspiciously. The things he used with him were basically prepared by Fang Nan for him, Fang Nan felt sorry for Lin Quan's body, as if the car accident had not been healed back then, and did everything possible not to let him smoke. Liantou has developed very rapidly in recent years, which can be said to be jaw-dropping, but Lin Quan is under great pressure and is used to smoking. Fang Nan did not go against Lin Quan's wishes, and did things on the cigarettes he bought, but Lin Quan never noticed it.

Lin Quan glared at Fang Nan, Fang Nan replied to him angrily, Lin Quan smiled, took out the lighter and handed it over to Kong Limin to light a cigarette, and said with a smile: "Mr. Xu is not good at cigarettes, the best Fei Zi smoke is rubbed out on a woman's thighs, you smell it, there is a strange fragrance of women's oil, the smell of smoke is too strong, it will cover this layer of flavor...... What does Mr. Kong think? Lin Quan lit himself another cigarette, took a breath, closed his eyes and swallowed.

"Really?" Xu Jian came over to get a cigarette, "I'll take one to pay for it." ”

Lin Quan snatched the cigarette case: "Take your cigars in exchange, and don't take advantage of you, one by one." ”

Xu Jianhu glanced at Kong Limin suspiciously, Kong Limin raised the cigarette in his hand and said to Lin Quan: "Give me a pack of Feizi another day, this cigarette is hard to buy." ”

When Xu Jian heard Kong Limin say this, he hesitantly took out his cigar humidor, replaced it with a cigarette, and shouted: "This smell is as light as a bird." ”

Lin Quan raised the cigar in his hand, raised it proudly, and said, "This cigar is seven or eight hundred, right?" ”

Everyone laughed when they saw that Lin Quan and Kong Limin had a very tacit understanding of deceiving Xu Jian, and Luo Yitong also smiled and smoked a cigarette and said, "Xiaoqing hates me for smoking, and she will marry her off another day." Shan Yuan and Fan Chunbing both took cigarettes and lit them, only letting the ladies in the conference room stare at each other and quickly open the window. At this moment, the administrative secretary pushed the door in and told Lin Quan that Chen Chu and Liang Qi were coming, Lin Quan looked at his watch and said to the administrative secretary: "I have a quarter of an hour to break up here, you let them wait for me in my office." ”

"What is it that must keep us for a quarter of an hour?" Xu Jian asked curiously.

Lin Quan pointed at Fang Nan, Fang Nan turned around and went out, came in with a stack of file bags, and went down next to someone's hair. Xu Jian took the file bag, felt heavy, took out a stack of printer paper, and looked up with the words "Investigation Report on the Prospects of the Domestic Commercial Banking Industry", Xu Jian looked up at Lin Quan suspiciously: "This is ......"

"This is a report I commissioned to be made by the School of International Business of Jinghai University. The China Banking Regulatory Commission requires that the capital adequacy ratio of urban commercial banks must reach 8% before 2007, and the current industry average level is only 1.36%, which is less than three years away from the limit, just like letting a child who only knows 26 letters read the English version of the Bible overnight. Lin Quan said firmly, "Other people's crises are our opportunities, this report is a joint project between Liantou and Jingda, and Liantou has paid 280,000 research funds, Fang Nan, you nod your head, remember to share the cost." ”

Xu Jian was suspicious: "It won't be the same as the Filipino smoke just now, why don't I take a look first?" ”

Kong Limin put the file bag into the briefcase and asked with a smile: "When did Jingguo Commercial Institute become a consulting and research institution of Liantou?" ”

Several young lecturers recruited by the National Academy of Commerce have cooperation projects with the research department of Liantou, and some of them are part-time analysts of Liantou, so I have to open another salary. What's the matter, Mr. Kong also wants to get involved? ”

"This level of cooperation can be carried out more, over the years, I am interested in a lot of things, but my personal energy is limited, and the establishment of a special agency is a bit excessive, but you are in the quiet and foolish, near the water and the building is the first to get the month." Kong Limin packed up his things and prepared to leave, "You have something to do now, let's meet another day." ”

"It's just like you've been deceived again," Xu Jian put the printer paper back into the document bag, "It's not another time anyway." ”

Lin Quan smiled, sat there, Kong Limin, Luo Yi and they left, picked up the phone and called Geng Yimin, it was Geng Yimin's secretary Ye Zhao who answered the phone, Geng Yimin heard Lin Quan's voice on the other end of the phone, took the phone and asked, "Lin Quan, what are you looking for me?" ”

"I summoned Mr. Kong, Mr. Luo, as well as Liu Huadong of Haocheng and Zhu Yuntian of Jiacheng, and we agreed in principle to undertake the development of eight plots from 216 to 223.

"I know, thank you for everything you've done for Jinghai." Geng Yimin's voice on the other end of the phone was a little tired, Lin Quan also knew that Geng Yimin would only not hide his fatigue in front of him and Zhao Zeng and a few others, Geng Yimin poured all his efforts into the city, Lin Quan suddenly felt a little unbearable, and added: "Even if Zhang Quan is still in office, it will be more difficult at most, and there will be no problem, after all, the joint investment is still Jinghai's joint investment." ”

"Hmm!" Geng Yimin didn't say anything, maybe Ye Zhao was by his side, Lin Quan said again: "The development issue of the city commercial bank has just been raised today, and it may take a few days to give you an answer to Uncle Geng, so Liantou will naturally not evade its responsibilities." ”

"A glorious city," Geng Yimin was a little emotional on the other end of the phone, "Glory and dreams, Liantou must bear and share!" ”

Eight years ago, in Jinghai, the sixth city commercial bank in China was established. Eight years later, China's city commercial banks, faced with the monopoly of the four major state-owned banks and the blockade of joint-stock banks, coupled with the geographical restrictions on their own business operations, and the strict implementation of administrative axe holdings, the corporate governance structure is seriously lagging behind, and they have been making a living in the cracks.

Not long ago, the State Council's China Banking Regulatory Commission (CBRC) issued an announcement that made the vast majority of urban commercial banks even worse, requiring that by 2007, the capital adequacy ratio of most urban commercial banks in China should reach 8%, while the capital adequacy ratio of Jinghai Commercial Bank was only 1.12%, and what was even more disturbing was that the non-performing loan ratio had risen to 13.7%.

In the list of "high-risk banks that are really difficult to implement and rescue, they must be prepared to withdraw from the market" announced by the China Banking Regulatory Commission, Jinghai City Commercial Bank ranked third.

What can be done to solve this dilemma? What is the way out for the city commercial banks?

This is beyond the scope of responsibility of a municipal party secretary, but the political axe cannot escape the responsibility. Mayor Zhang Quan's inaction poured all the pressure on Geng Yimin. Jinghai City Commercial Bank has far-reaching historical reasons, and it is quite difficult to find a person who should be responsible for the current predicament of Jinghai City Commercial Bank.

The CBRC had telegraphed to the Jinghai Municipal Government, asking the Jinghai Municipal Government to urge the Jinghai City Commercial Bank to intensify the collection of non-performing assets, seriously investigate the responsibility of the relevant responsible persons, and at the same time carry out necessary restructuring and transformation in accordance with regulatory requirements.

Since the establishment of the first city commercial bank in 1995, the city commercial bank has experienced nearly 10 years of development, and the development strategy of the city commercial bank at the beginning of the beginning, now in retrospect is very intriguing "guarantee payment, prevent run, stable transition", at present, this strategy has been rapidly transformed into "standardized management, steady operation, and accelerated development". However, the foundation of domestic city commercial banks is too thin after all. The impetus for the great development comes more from the external environment such as joining the WTO, so when the city commercial banks sound the clarion call for general attack, they are still firmly tied by three ropes: serious shortage of capital, a single city system, and huge non-performing assets.

As a special financial enterprise with operational risks, having a certain ability to resist risks is a prerequisite for the normal opening and smooth operation of commercial banks. Internationally, the main indicator to measure a commercial bank's ability to resist risks is the capital adequacy ratio. Therefore, in order to prevent risks, the financial regulatory authorities of various countries require that the capital adequacy ratio of commercial banks in their countries must meet the minimum standard of 8% set by the Basel Committee. Otherwise, restrictions will be imposed on their business activities.

It is reported that so far, the capital adequacy ratio of Jinghai City Commercial Bank is only 1.12%, which has not yet reached the minimum standard of 8%. According to the new provisions of the Measures for the Management of Capital Adequacy Ratio of Commercial Banks promulgated by the China Banking Regulatory Commission, the capital adequacy ratio of urban commercial banks will drop by 2~3 percentage points, that is, to a level of about 4%.

"And that's just one side of the story." Liu Jinduo, an associate professor of finance at Jinghai University's School of International Commerce, said in a report submitted to Liantou, "Judging from the current situation, the channels for city commercial banks to replenish their capital are nothing more than retained earnings and capital increase and share expansion. At present, although the CBRC has allowed and supported commercial banks to replenish their capital through listing and issuance of subordinated bonds, it is not realistic for city commercial banks to list and issue subordinated bonds under the constraints of many conditions, at least for Jinghai City Commercial Bank. Since the establishment of the city commercial bank, its business activities have been restricted to Jinghai. Of course, from the perspective of the economic and financial environment at that time and risk prevention, the business model of the single city system was necessary. Before the establishment of Jinghai City Commercial Bank, dozens of urban credit cooperatives in Jinghai, most of which were not operating well, faced serious problems such as non-performing assets, chaotic management, and uncontrolled risks, and were on the verge of bankruptcy. It can be said that the city commercial bank was built on the basis of a mess, and its initial task was to prevent and resolve risks, rather than scale and geographical expansion. However, in recent years, the negative effects of the single-city business model have become more and more apparent, and have become an obstacle to the further development of urban commercial banks. The asset quality of Jinghai City Commercial Bank has deteriorated extremely and it is on the verge of bankruptcy. ”

Lin Quan ended the brief call with Geng Yimin, sat in his seat and did not move, recalling the thrilling words in the report: "The Jinghai Municipal Government is the largest shareholder of the City Commercial Bank, and the chairman and general manager of the City Commercial Bank were Zhou Ping's secretaries before coming to the City Commercial Bank, and the loan decisions of the City Commercial Bank are inextricably linked with the city government. The city government has no control over the institutions of the four major state-owned commercial banks in Jinghai, but in order to promote the development of the local economy, and even to support the local government's performance projects, it does need a city commercial bank to serve the local government. ”

Lin Quan sighed softly, he knew what was hidden in the words of this report. Liantou can bite the bullet and put on landmark projects, but city commercial banks must remove the obstacle of Zhang Quan. Many of the non-performing loans of the city commercial banks are closely related to the interference of the city government, and it can be said that they are directly related to Zhang Quan's interference, and since the city commercial banks have been included in Zhang Quan's sphere of influence, they have almost become the ATM of the Lijing Group.

At the request of the China Banking Regulatory Commission, it is necessary to reorganize the city commercial banks, but once they are reorganized, they will inevitably change the controlling position of the government axe and refuse the city government to continue to interfere in the operation of the city commercial banks.

This is probably the most direct reason why Geng Yimin wants to completely eliminate Zhang Quan.

What Lin Quan was thinking about was also what Liu Yetian would do after replacing Zhang Quan. According to the step-by-step model of reform, it is absolutely impossible to expect that in 2006, the tragic fate of urban commercial banks will be changed all at once, so it is necessary to adopt unconventional operational operations and reform and development.

Therefore, a tacit cooperation with the city government is required!

Lin Quan was thinking: "What is the reform to change?" Is it to change the scale, data, president, salary, and non-performing asset ratio? Or do you want to change people's hearts, ideas, and mechanisms? "Lin Quan teaches at the School of International Commerce of Jinghai University, but more to take advantage of the academic atmosphere of the Academy of International Business to do some research. He thinks that the city commercial bank due to the congenital insufficiency, the current corporate governance, management and capital strength is quite weak, has reached a critical period of crisis, the starting point of the reform is to strengthen business cooperation with other city commercial banks in the province, create a unified brand, unified internal control system construction, unified science and technology electronic construction, unified business standards, unified business vouchers, unified information disclosure, this is conducive to improving the social credibility of the disadvantage, but also conducive to the mutual agency between banks, jointly expand business space. If the problem of impassable exchange is solved, we can also carry out businesses that cannot be undertaken due to the weak strength, such as joint loans, joint acceptance and other wholesale businesses. "Horizontal mergers and acquisitions, forming a group" has the opinion of practical surname. Form a "loose" city commercial bank enterprise group led by capital. This kind of alliance of urban commercial banks should share resources, cooperate in capital settlement, and integrate the division of business activities of the whole system into a joint force through resource sharing and business cooperation, so as to effectively reduce operating costs and improve market competitiveness.

(To be continued)