Chapter 350 Restructuring of Jiangsu and Zhejiang Banks (4)

When the problem finds a solution, it is no longer a problem, Yang Lian's face is no longer ugly, he brought the major shareholders and management of Jiangsu and Zhejiang Bank and the members of the board of supervisors who came together into the conference room, and sat on the main seat himself, with long stools on both sides, and other people sat on both sides, and began to discuss the aftermath of the Jiangsu and Zhejiang Bank handling meeting.

After sitting down, the chairman of the board of directors of the Bank of Jiangsu and Zhejiang made a report to Yang Lian on the operation of the Bank of Jiangsu and Zhejiang on behalf of the Bank of Jiangsu and Zhejiang. After a few days of detailed investigation, the management of Jiangsu and Zhejiang Bank has packaged these data to make detailed statistics, and conducted analysis, and finally came to the conclusion that it is already in a state of bankruptcy, insolvent, unable to cash in the debts that will be due, the specific reason is that there are serious violations in the food turmoil, and other businesses are still very normal, so I hope that the central bank will be rescued, help tide over the difficulties, and do not want to go bankrupt directly.

Yang Lian quietly listened to the return of the Bank of Jiangsu and Zhejiang, and did not show a little satisfied or dissatisfied expression on his face, but his heart was like boiling boiling water, secretly scolding these people for their shamelessness, the central bank clearly stipulated that bank funds are not allowed to be borrowed for speculation, but these people ignore the regulations of the central bank, not only illegal operations, but also huge amounts, and the resulting losses are caused by the central bank to wipe their buttocks, if they make money like this, they enjoy themselves, and let the central bank bear the losses if they go bankrupt. Isn't this calling the central bank for a fool, pure scoundrel idea, but is it possible to get them to their end?

Looking at the shameless faces of these people, Yang Lian stood up with a smile and said to these people: "The Daming Central Bank is the bank of all banks, the purpose is to serve many local commercial banks, and the difficulties of all banks are the affairs of the Daming Central Bank, which belongs to the responsibility of the central bank, and the central bank will never shirk it, but it does not belong to the responsibility of the central bank, and the central bank will not act as a nanny and be responsible for all debt compensation." ”

A shareholder stood up and asked, "Lord Yang, haven't we paid a certain amount of deposit reserves to the central bank?" Now that we have encountered difficulties, is it true that the central bank will let go of it and let us live and die for ourselves, so what is the use of the reserves we have paid, but they have occupied our funds, and these reserves are not meant to give us emergency relief when the bank is in difficulty? The state is our parents, we pay taxes for the country, and now we are in trouble, why can't we get our funds back? ”

Yang Lian still smiled and replied, "This gentleman, have you really read the bank's system carefully?" Now I will explain to you again, it was originally called margin, and now it is called the meaning of central bank reserves, the real meaning of central bank reserves is to ensure the safety of depositors' funds, not to ensure the loss of illegal operations of various commercial banks, if it is because of natural disasters, wars and other reasons that the bank is unable to operate, the central bank will consider relief, but the commercial bank because of its own fault, caused by insolvency, so bankrupt, the central bank will not be responsible for compensation, and will also pay depositors after the loss, If the responsibility of the commercial banks is investigated, the commercial banks will be thoroughly liquidated. ”

Shareholders who really understand the rules of the bank are staring at this shareholder like a fool and a scoundrel, how can there be such a fool who wants to play a scoundrel with the adults of the central bank, can you rely on the central bank? Now it is a matter of asking people to do things, not to blackmail the central bank.

Seeing that others no longer raised questions, Yang Lian continued: "The central bank is unwilling and will not watch the bankruptcy of the Jiangsu and Zhejiang Bank, if it is bankrupt and liquidated like this, it will not only cause huge losses to many shareholders, but also cause losses to a larger number of depositors." The central bank will make compensation to the general depositors, but there is a certain amount of limit, will not be unlimited compensation, as for the industrial and commercial depositors in the Bank of Jiangsu and Zhejiang, the central bank may not make compensation, then their losses will be more serious. Therefore, once a local commercial bank goes bankrupt, the scope of losses is very large, and it is the local economy that suffers the greatest losses, which will not be able to regain its vitality for a long time and will become a backwater. ”

Seeing that Yang Lian said that the risk is greater than they imagined, most of their own property is deposited in Jiangsu and Zhejiang Bank, and almost all shareholders are opening accounts in Jiangsu and Zhejiang Bank, if Jiangsu and Zhejiang Bank goes bankrupt, the first to pay is a large number of individual depositors, and their property in the bank will be completely lost, unlike what they thought before was only the part of their own capital. The loss of all the shares contributed by the individual will not make them completely bankrupt, after all, the money is a small part of them, but if they lose all the property in the account, then most of the people here will go bankrupt, and such a loss is not something they can afford.

Yang Lian's explanation completely dispelled the luck of the shareholders of Jiangsu and Zhejiang Bank, so that they had no room to retreat, but to pay for the bleeding in their pockets, otherwise they would be completely bankrupt, which made a compromise premise for the next debt negotiations.

Yang Lian looked at these shareholders who were about to despair, and felt more comfortable psychologically than just now, so he handed them a life-saving straw, why is it a life-saving straw? Because it is just an idea, they still need to discuss, negotiate and fight for the specific operation.

"Debt-to-equity swap" is a new term, when Yang Lian said the term "debt-to-equity swap", these people's eyes lit up, it seems that there is still a solution to this crisis, but they know that Yang Lian intends to help them solve the crisis, but what is the specific operation method of "debt-to-equity swap"?

Yang Lian taught them a lesson again and said: "The specific meaning of the debt-to-equity swap is to let the creditors who hold your debts not continue to ask for the current debts, but convert the current debts into shares of the bank, become shareholders of Jiangsu and Zhejiang Bank, and share the operating income obtained by Jiangsu and Zhejiang Bank in the future. ”

Business negotiations have always been very skillful, and now Yang Lian told them the serious consequences of the bank's bankruptcy and how to operate it, which inadvertently gave them an advantage. Although they are still in a difficult position, but with a solution to the problem, they are still very grateful to Yang Lian, who represents the central bank, and all shareholders stood up, bowed deeply to Yang Lian, expressed their gratitude, and then left one after another, and went back to discuss the interests of all parties.

Although he came up with ideas for the shareholders of Jiangsu and Zhejiang Bank, Yang Lian still did not have enough confidence in his heart, what if these people were too stingy in the negotiations, resulting in the failure of the restructuring of Jiangsu and Zhejiang Bank, so Yang Lian also planned to help them, just after dinner, quietly went to Niu Jinxing's residence to negotiate, to see if Niu Jinxing intended to take over part of the equity of Jiangsu and Zhejiang Bank, after all, the strength of Tenglong Bank is strong, and Daming Royal Trading Commercial Bank is dotted with commercial outlets, and also needs to get some benefits, It's a win-win.

Niu Jinxing understands Yang Lian's intentions, it seems that Yang Lian's business acumen is much worse than the emperor's, if the emperor is interested in taking over the Jiangsu and Zhejiang Bank, then there is no need to send Yang Lian a note of "debt-to-equity swap", and there is no need to send Yang Lian to deal with this matter, just by himself here, he can annex the entire Jiangsu and Zhejiang Bank, but this obviously shows that the royal consortium is bullying, which is inconsistent with the business philosophy of the royal consortium, and damages the reputation established for a long time.

Therefore, Niu Jinxing said to Yang Lian: "Lord Yang, whether it is Tenglong Bank or Daming Royal Trading Firm, there is no intention of getting involved in Jiangsu and Zhejiang Bank, now the royal property is strong enough, and we are not willing to compete with any commercial group in the country, our purpose is to serve Daming, to serve the many people of Daming, this is the real purpose of the emperor's establishment of the royal consortium." You can see that in this food turmoil, our Daming Royal Trading Company has always maintained a parity supply of public rations, to maintain the stability of grain prices in the market, although this has caused the Ming Royal Trading Company to lose immeasurable losses, but to see that the people have food, the people in the north have not been displaced, frozen to death and starved to death, which has achieved the emperor's lowest purpose, and we are also comfortable. ”