Blue House.

The annex conference room of the ZF office building, which was inaugurated in December last year, is not allowed to be entered by anyone except a few officials.

Today, they stand at an important crossroads, making decisions that will determine the success or failure of the new ZF administration.

If the decision discussed at today's meeting goes wrong, it will become a classic case of failure of the new General T to push monetary policy in the next five years, if not forever.

And that's not all.

The business community would grab the handle and fight back, claiming that ZF's immature operation had led to the destruction of a functioning company.

In the future, if the new general T wants to impose any inspections or sanctions on the chaebol, it will be resisted.

ZF's Deputy Minister of Finance and Economy, Senior Secretary for Chief Economic Affairs of the Blue House, and Director of the Financial Supervisory Bureau, who are well aware of this fact, are all displeased.

Of course, there are those who are just as nervous as they are about to wait for the financial reform plan.

That is the creditor of Shunyang Credit Card.

They are afraid that their funds will be wasted.

The senior executives of the financial and investment companies in charge of the short-term liquidity funds of Shunyang Credit Card were also summoned to attend the meeting, and everyone sensed that the situation was not good.

When ZF's mandatory sanctions arrive, their bonds will be inferior to toilet paper.

However, the only person in the conference room who seemed out of place was Kang Seung-woo, the representative of the day.

He plays the role of a white knight, taking over insolvent companies and putting them on the right track, and at this time, he is the savior!

Others just thought it was related to finance, and Jiang Shengyu just came to make soy sauce.

"First of all, I would like to thank everyone for taking this difficult step, and in any case, I hope that today's meeting will lead to a meaningful outcome of the discussion."

"There are still 18 hours left before the suspension of Shunyang Credit Card, and the best outcome is to cancel the closure disposal, followed by to shorten the closure time as much as possible. The worst-case scenario is to go out of business. ”

As soon as ZF's voice fell, Shunyang credit card creditors began to complain.

There was a commotion on the field.

"I believe that our funds, ZF will not care, there must be a good solution."

"In fact, we should have been informed of this emergency measure at least before it was announced, because it would have made us very sudden and unprepared!"

After listening to their complaints, the head of the Financial Supervisory Authority slowly spoke:

"I would like to emphasize here that even when private individuals borrow money, they will think about how to recover the principal in a reliable way. Didn't you borrow money from the National Bank, and the reason why you borrowed money in the first place was because you took a fancy to the golden signboard of Shunyang Group? ”

Seeing that the director couldn't say good things in his mouth, the faces of these people at the top of the financial world were solemn.

Many people suddenly realized that the policies discussed today may not be very beneficial to them, the creditors.

"When you borrow money, you wish the interest rate is as high as possible, and even others don't need funds, you have to lend it out by all means, but your transaction, the state has not received a penny, whether it is before or after borrowing, what, now there is a problem, I want to find us, do ZF still have to play a role in helping you collect debts? But what I mean by this is not that we don't want to be responsible, but that we want to choose a better way. ”

The director's speech showed ZF's clear attitude.

In any case, the financial sector should bear the losses caused by the Shunyang credit card crisis, but they will find ways to minimize the damage.

Suddenly, everyone closed their mouths, at least the result was not bad, and many people lowered their eyes.

"Okay, you have time to lecture in the future, let's get straight to the point."

The chief secretary of the Blue House Economy looked at Jiang Shengyu and said.

"Today, the people gathered here have to decide two things within 18 hours, first, what to do with those who are making malicious spending, who are unable to pay the money in the card, and second, what is your satisfaction with the financial sector officials here? There are notes by your side that you can score, and now, let's first ask Representative Jiang Shengyu to talk about his views. ”

Many executives in the audience began to whisper.

"If I can take over Shunyang Credit Card Company, I will be responsible for all short-term bonds in accordance with ZF's requirements, but the proportion will be reduced accordingly, and the director just said that we cannot be responsible for all debts."

Jiang Shengyu took a break and smiled.

"I believe everyone knows that ZF's will is firm, if you refuse to take over Shunyang Credit Card day by day, then your current Shunyang Credit Card short-term bonds will be cleared, as long as you are willing to make certain concessions, I believe that we will be able to prevent such a disaster from happening."

If, as before, everyone will scoff at the reduction of debt service funds and ignore such remarks.

But this time is different, everyone gasps and exchanges a look.

Five years ago, the IMF made a clear request.

That is, a bank that is considered to be rock solid can also fail due to outside influences.

Meaning, in a crisis, don't take chances.

Of course, the bank will not collapse to the extent of Shunyang Credit Card, but it will continue to pile up bad debts in the future.

An insolvent credit card company will make the market abandon in an instant.

Quite a few investors are already starting to withdraw their capital.

And in order to restore the confidence of the market and reassure them, it is the responsibility of the executives attending this meeting.

"Our request is very simple, that is, the right to operate Shunyang Credit Card, and make a final decision through the results of today's meeting, if the result is satisfactory to me, I will buy back the shares of Shunyang Credit Card in the stock market tomorrow, and then, by acquiring more than 40% of the shares, become the largest shareholder."

Jiang Shengyu looked at all the people attending the meeting, revealing confidence.

"Another point, if the creditors perform better, I am willing to take over the crumbling British credit card, I know that you are not only Shunyang, but also British, I hope this good news can help you make a decision."

Jiang Shengyu did not hide his desire for the British credit card company in the slightest.

"Sorry, this was so sudden, we need to leave for a while."

Several finance executives bowed their heads slightly, took their phones and left the conference room.

As soon as they left, the senior secretary in charge of the economy said what he had endured, and although his voice was low, his curiosity was overflowing.

"Oh, Representative Jiang, is what you said true?

"What do you mean?"

"Didn't you buy shares of Shunyang Credit Card? Why do you want to talk about repurchases, I don't understand. ”

The Blue House does not want the Shunyang credit card to go out of business.

He was thinking that if he solved the bond problem today, he would immediately hold a press conference to announce that he had solved the crisis of Shunyang's credit card, instead of closing the business in 18 hours, which could also be a huge bright spot in the early days of his administration. ”

But the premise is to acquire Shunyang credit card day by day.

As a result, the day by day, which has not yet achieved management control, is not eligible to attend this meeting.

Jiang Shengyu smiled: "I forgot to tell you that we already have 42%. ”

"Ahh

"Look at this group of acting factions, they have already given me shares in private, and they are pretending to be anxious on the surface, isn't it interesting?"

Jiang Shengyu pointed to the people in the conference room.

"I'll do my best to normalize the credit card companies that were acquired, but I can't bear all the losses alone, and those guys who spend all kinds of money on luxury goods or go to nightclubs in the carnival can't afford to pay back at all, and should also be held accountable, sir."

Looking at the chief economic officer, the corners of Jiang Shengyu's mouth rose.

"Responsibility does not mean that the company should bear the loss from the moral level, I personally believe that those who eat the food will only reflect on the money and have a sense of responsibility in the future."

Jiang Shengyu's cold words brought everyone back to their senses.

It's not just the financial sector that's financially responsible, it's also the average consumer who swipes on a card-swiping spree.

"Well, Representative Jiang, what are you going to do with the guy who has overdue credit card payments?"

"Will ZF forgive the debt?"

"No, there are no plans yet."

"If ZF doesn't intervene, we'll take care of it, sue and prosecute, pay back the money, you don't have to worry."

The chief secretary for economic affairs at the Cheong Wa Dae looked puzzled.

It's also a burden to sue so many debtors.

"Are you thinking about selling bad debts? I know that there are companies in H City that specialize in this. ”

Companies that specialize in this area are known as "debt collection" companies.

They only need to pay an average of 20 to 30 percent to buy bad bonds that credit card companies, commercial banks, mutual savings banks, and installment finance companies forgo collecting.

They then mobilize people who specialize in debt collection, pressuring debtors to the level of private money lenders to get their money back.

Now is the heyday of these debt collection agencies.

The number of credit defaulters in Hanguo is close to 3 million, and the amount of bad debts that credit card companies have already treated as losses has reached 4 trillion won, and more than 2 trillion won will be treated as bad debt losses in the future.

A total of 44.7 trillion won was overdue for personal credit debts under 100 million won, and the overdue amount of savings banks and installment companies alone exceeded 4 trillion won.

In 2003, the Great Cold Underworld will usher in wails everywhere.

"That's for sure, Shunyang Credit Card's own debt collectors alone can't solve the problem, and I don't want to lose even a dollar in this transaction."

This means that if the financial sector holding short-term bonds determines a recovery rate of 30%, Jiang Shengyu will sell all the overdue amount at 30%.

"Shunyang Credit Card is just the beginning, there are eight credit card companies that are risking their lives to fight credit defaults, they just have different levels of risk, and if the current ZF makes a bold decision, they may have survived."

Jiang Shengyu looked at the officials with puzzled expressions and said.

"If we implement a policy of helping delinquents with the next election in mind, they will be grateful to Dade and be held accountable for the tens of trillions of dollars in arrears just like a man."

While everyone was hesitating, people from the Financial Supervisory Authority entered the conference room one after another.

Seeing their expressions, it was estimated that the conditions had been negotiated, and Jiang Shengyu opened his mouth first.

"Please prepare the contract, time is running out, I will complete all the requirements in the terms."

When Jiang Shengyu jumped up, the director of the Financial Supervision Bureau asked:

"What the hell? You should tell me how you negotiated. ”

"Sorry, it's a secret between companies, you don't have to know, just wait for a good result."

The director of the Financial Supervisory Authority looked a little embarrassed for a while.

He hurriedly lowered his head and pretended to read the papers, as a way to hide his embarrassment.

"We will resume all services of Shunyang Credit Card within 48 hours, is that okay?

Jiang Shengyu, who was about to leave the conference room, turned his head again.

"Oops, I forgot one thing."

He came to the chief economic officer and whispered in his ear.

"Please take a good look at how I sorted out the Shunyang credit card, if you are satisfied with the results of our processing, please help me leave the British credit card, I am very interested."

Seeing Jiang Shengyu's strange behavior, the chief economic officer was dumbfounded, he didn't expect the other party's appetite to be so big.

The question is, is there really so much money day by day?

Wait for Jiang Shengyu to come looking for the documents with the documents.

Chen Dongji read the documents in front of him several times, his face was full of decadence, but he didn't say anything more.

At this point, it is useless to say more.

"I'm here to hold a general meeting of shareholders, and in fact, the only thing that has changed at today's meeting is the relationship between you and Shunyang Credit Card."

Jiang Shengyu's voice was devoid of any emotion.

There is no arrogance of the victor in it, and there is no apology for robbing the company, dry.

"Then why did you bring me this? Aren't you a controlling shareholder, and the Financial Supervisory Authority has agreed, so you don't even have to tell me about this kind of thing, you just need to ask the secretary to inform me."

Chen Dongji said angrily.

"I want to negotiate something."

"Meeting? Didn't you just say that I was about to have no contact with Shunyang Credit Card? ”

"There's only one thing left, how about working with me?"

"What?"

Chen Dongji's upper body bounced up like a spring.

What does that mean?

"As you know, we will not operate on Shunyang Credit Card Company, for employees, in fact, it is the same as the people, what does it matter who is the emperor? As long as the food and clothing remain the same, they don't care who the major shareholders are. ”

Chen Dongji's eyes lit up.

"Does that mean there won't be a change in management?"

"I want to avoid a big change, and the company's current business situation can't stand the toss......"

Chen Dongji thought for a moment, then raised his head again:

"What do you mean by joining forces with me?"

"Shunyang Credit Card Company, don't you have 7% of the shares of Shunyang Group, give me the voting rights of that share, I don't want shares, I only need voting rights."

"Do you mean the stock is still mine, just to authorize you to vote?"

Chen Dongji swallowed his saliva, if this is the case, it is not impossible.

In fact, now that it has reached this point, he can't hold it.

"Why are the conditions so good?"

"I am a major shareholder, the stability of the company is more important than risk-taking, and a stable company can usher in healthy development."

"Oh deputy. But "

"There is no room for bargaining for my opinion, on the contrary, you only have to answer the same disagreement."

Chen Dongji hung his head silently, it seemed that he had no choice.

Jiang Shengyu looked at Chen Dongji, who just nodded weakly, and smiled.

"Then, please inform the management of Shunyang Credit Card about this matter and let them cooperate"

Chen Dongji, who was just about to stand up, asked Jiang Shengyu a very important question.

"What the hell is my nephew?"

He couldn't even finish what he was saying.

He actually wanted to ask whether Chen Daojun was the largest shareholder.

"Are you Dao Joon? He invested quite a lot of money, and the shares are not sensitive, why ask this? ”

"It's okay."

Jiang Shengyu said with a smile.

"Don't worry, Dojoon pursues something different and has a different goal."

"What is his goal?"

"I don't know, I don't know the specifics, but he definitely has bigger goals than the chairman of Shunyang Group, haha."

Jiang Shengyu left without saying anything.

Chen Dongji, who had been sitting idly for a while, stood up.

I finally handed over the hot potato.

Now he has to take his chance.

He came to the Shunyang Credit Card Representative Office to handle the work at hand.

Cold country news.

The host is enthusiastically announcing the morning news.

"The Shun Duong credit card incident, which has made the business community very nervous, has been satisfactorily resolved, and the Ministry of Finance and Economy announced that after a full day of marathon meetings, officials from the government, the financial sector and Shun Duong credit card have reached a striking agreement.

So far, all the services of Shunyang Credit Card, which has been interrupted for more than two months, were officially launched at midnight today. ”

"Oh, it can't be, how did he do it?"

After the news of the normalization of the Shunyang Card came out, Chen Rongji's eyes widened in disbelief.

As soon as the news broadcast ended, he pressed the phone.

"Hurry up and come in!"

Chen Rongji, who was walking around the office, waited for his subordinates to come over and shouted angrily:

"You bastard! What is the situation of Shunyang Credit Card, why didn't you report it to me? ”

When his finger pointed at the TV, the head minister hurriedly replied:

"I'm investigating now."

"Smack!"

Chen Rongji slapped him with a backhand.

The latter covered his face and fell to the ground because of the loss of gravity.

"Check it out right away? It's happened, why are you still here? ”

"I'm sorry, President."

"Whether it's the Blue House or the Ministry of Finance and Economy, hurry up and find out!"

Chen Rongji glared at the head of the department as he walked out with his head down, and he remembered that Chen Dongji could explain all this.

When he came to Shunyang Credit Card Company, he directly pushed open the door and shouted:

"Dongji!"

Chen Dongji rolled his eyes, his eldest brother was really not polite at all.

"Hey, I say, will you knock on the door?"

Chan Wing-kee directly ignored his complaints: "Hey! What's going on? ”

"What?"

"Shunyang Credit Card! What exactly did you do? Who are you looking for to help you? ”

"Why does it sound a little weird? Shouldn't you congratulate me on getting through this? ”

Chen Rongji continued to ask:

"Don't talk nonsense, how did your service return to normal, tell me quickly!"

"After solving the liquidity problem and clearing all the debts, our service is back to normal, isn't it normal, and to do that, you just have to sell stocks."

"Huh? Did you sell all your shares? ”

Chen Rongji swallowed his saliva and asked in disbelief.

Shunyang credit card shares are handed over, and the 7% of the group's shares will soon have a chance to get their hands on it.

No one dared to buy Shunyang Group with Shunyang's shares.

The most expensive equity in the Han country is a controlling stake in Shunyang.

Chan Wing-kee feels that everything can be discussed, it just depends on how much he can pay.

"No, a rich man took over the Shunyang Card, and that equity is no longer in my hands."

Chen Dongji grinned, as if mocking his brother.

"The stock price fell below 1,000 won, and they got all the shares that were circulating in the market, and they also got all the shares of institutional investors, until they exceeded 42% of the shares, so the company was not so much that I was sold, but that they were polite and invited me out."

Chan Wing-kee bit his lip, he regretted it a little.

At the beginning, Chen Dongji asked him to buy plummeting stocks and get the Shunyang credit card in time, but he also wanted to wait for bankruptcy or a lower position to take over.

I didn't expect this guy to be so decisive!

I knew that the premium was a little bit over!

"Have you handed over all the shares of Shunyang Credit Card?"

"No, the shares of Shunyang Credit Card held by Shunyang Heavy Industries remain unchanged, and now everyone knows that the company has come to life, and the stock price is going to rise, why should I sell? Wouldn't it be more profitable to wait for it to return to the previous level and then sell it? ”

Chen Dongji sneered, was he wronged?

Now that you have benefits, you want to pick up the bargain?

How can there be such a good thing in the world!

"Who is it? Who did you sell to? ”

Chen Rongji suddenly grabbed his younger brother's hand, and his eyes shone with an oozing light.

That's the point.

Who is it?

He desperately wanted to know who snatched the Shunyang credit card from under his nose!

"He's just got a stake and he's rich, you can't guess."

"So, who is he?"

Suddenly, a deep voice came from behind him.

"I heard you're looking for me?"

When Chen Rongji turned around, he saw Jiang Shengyu's smile.

"Ah, why are you here?"

Chen Dongji jumped up from his chair to greet him.

"It's been a while, this... I'm sorry, I accidentally overheard the conversation between the two of you. ”

"He rushed in without even closing the door, it's normal for you to hear it, it's okay."

Chen Dongji glared at Chen Rongji, Chen Rongji was still surprised, and his mouth couldn't close.

"Representative Jiang, is that you?"

"Yes, I am Jiang Shengyu, the largest shareholder of Shunyang Credit Card."

Seeing Jiang Shengyu nodding lightly and admitting, Chen Dongji was even more speechless.

The new owner of the Shunyang credit card is Jiang Shengyu, which is much more serious than the problem of the Shunyang credit card returning to normal.

Jiang Shengyu is rich and not afraid of Shunyang's power.

The key is that he is still with Chen Daojun.

"We still have something to talk about, let's talk about it next time."

Just as Chen Rongji was staring blankly at the back of the two leaving the room, Jiang Shengyu suddenly turned around.

"Vice President Chan Wing-kee."

"I have something to do with the repayment and would like to communicate with you, will I have time later?"

(End of chapter)