epilogue (9)
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Yan Wenjie's mind was blank for a moment, and a chill ran straight 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 Xintong Bank. The four of them suddenly chose to go to Yanjing and the central bank at such an opportunity. What else can it mean?
As the only two national non-public commercial banks in China, the original intention of establishment of Xintong Bank was that the domestic banking system needed to break through the experimental field. In addition, in order to support the domestic non-public economy, the establishment period also considered mainly absorbing domestic private capital. At that time, the private economy in eastern Zhejiang Province was active, Yan Kuanhe had a connection and influence in the central financial and economic system. When the founding Xintong Bank was established, Hongxin Construction and seven other private enterprises in eastern Zhejiang took on the capital contribution and finally decided to set the bank's headquarters in Wenzhou. Since the early 1990s, some outstanding private entrepreneurs in China gradually realized the financing and industrial integration 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. They also actively participated in the preparation and establishment of Xintong Bank and eventually invested in becoming shareholders of Xintong Bank.
For these shareholders of ICB Bank, their requirements for ICB Bank, in addition to the rapid development of ICB Bank itself, which has made their initial investment value increase, also hopes that ICB Bank can attract huge amounts of public funds to solve the problem of funds hunger for their own industrial group development.
Resources are always limited. When the Yan family uses its largest shareholder to control the financial resources of Xintong Bank with other shareholders in the Wenzhou region in eastern Zhejiang to tilt towards the Hongxin Group and Wenzhou private enterprises that are close to the Hongxin Group, it naturally arouses dissatisfaction and hostility among other shareholders. However, the Yan family and the Hongxin Group have been strong for many years and have joined forces with other shareholders in the Wenzhou region, other shareholders dare not speak out. In addition, the development of Xintong Bank has been quite rapid over the years, and the contradictions have not been sharpened.
Geng Xueshan, Huang Qiyun, Ma Shan, Huang Kebin and others are well-known domestic private entrepreneurs. Their industries are also dominant in the local area. They are definitely not without connections in central ministries and commissions. They also have a good understanding of the background of Jinhu. They also have some understanding of Jiang Minzhi's desire to kill Haisu Technology to establish their authority, and Dong Jiannian wants to use Haisu Technology to clear the road. In addition, the greed between the Yan family and the Hongxin Group has offended a lot of people over the years. When the news that Haisu Technology was officially investigated by the Donghai Provincial Government Axe reached their ears earlier, they realized that the opportunity to overthrow the Yan family in one fell swoop, so they immediately made an appointment to go to Beijing to file a lawsuit for control of Xintong Bank.
Yes, they just want to compete for control of Xintong Bank!
Yan Wenjie was sweating coldly on his back. He didn't know if there was a huge huge net behind him waiting for the Yan family to jump in. He knew very well that once the Yan family lost control of Xintong Bank, the accumulated loans of nearly 20 billion yuan provided by Xintong Bank to various affiliated companies in Hongxin Group will be a fatal rope tied to Hongxin's neck. With a gentle pull, the huge assets of Hongxin Group may fall apart.
They are too cruel. Although there has been no direct conflict over the years, Yan Wenjie believes that their grudges against the Yan family and Hongxin will not be small. Once the control of Xintong Bank falls into their hands, waiting for the Yan family and Hongxin will be what the fate of waiting for Hongxin is, Yan Wenjie can even 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. President Dong will also go with us..." Yan Kuanhe and Dong Weiwen knew the serious surname, so they waited for Yan Wenjie to come in the president's office.
The phone on the desk suddenly rang. Dong Weiwen grabbed the microphone. After a moment, the grim face seemed to be covered with a layer of cream: "When did it start, why did you report it now?" He put down the phone and said to Yan Kuanhe. Yan Wenjie said: "There are extremely unfavorable rumors outside of Xintong Bank. After three o'clock, the number of withdrawals from Xintong Bank in various outlets in Wenzhou increased sharply. It did not attract attention at first, but now it seems that there is a possibility of a bank run! "
One bad news after another. When he heard that there was a possibility of bank branches running, Yan Wenjie's hair was blown up. He knew that enemies in the open and dark areas would use all kinds of means to keep the Yan family busy and unprepared.
Once a bank run is formed and the amount of funds of Xintong Bank is not enough to deal with it, Xintong Bank will likely be completely unable to support it. What's the use of even if I can firmly control Xintong Bank? He did not expect his opponents to be so ruthless and had no intention of giving them a slight chance.
Even if the competition trend is over, the central bank will not sit idly by the serious situation. At that time, Huang Qiwen and others will not need to go to Yanjing to file any complaints. The central bank will also conduct strict reviews on Xintong Bank.
Is it him? Yan Wenjie remembered the seemingly harmless young face. Although he regarded Kumho as his strong rival in his life over the years, he had not even understood how Kumho rose. Of course, Yan Wenjie would not admit this. At this time, he felt a deeper sense of frustration than before, and a sense of powerlessness to completely knock it down.
Dong Weiwen looked at the round clock hanging on the wall. It was less than half an hour before the business was closed today. There should be no problem for each outlet to survive today, but the spread of rumors is extremely terrible. Perhaps tomorrow it will be more than just Wenzhou's outlets. Compared to going to Yanjing to deal with Huang Qiyun and others, the more important thing is to refute the rumor and stabilize the situation. It is necessary to second full amount of funds from the peers to deal with the run that may occur tomorrow morning. Not only Dong Weiwen cannot leave, Yan Kuanhe, Yan Wenjie also needs to stay together to solve the most urgent problem in front of him.
"Wenzhou Branch will likely be a severely affected area tomorrow. I am calling major banks for support. Should Mr. Yan contact the province and the city to help coordinate, and the work is relatively easy?" Dong Weiwen said.
The phone on the table rang again, and bad news came one by one. Dong Weiwen was a little scared of the phone. At this time, he had to bite the bullet and grabbed the microphone. Yan Kuanhe and Yan Wenjie also looked at Dong Weiwen nervously. After a moment, Dong Weiwen put down the microphone and said to the Yan family father and son powerlessly: "The call from the provincial people's bank is asking about the situation of the run at the outlet..."
Before the China Banking Regulatory Commission and the various provincial banking regulatory departments were established, the Provincial People's Bank had the power 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 to the Provincial People's Bank so quickly, and the Provincial People's Bank was so eager to call, probably because it was eager to let them hand over the control of Xintong Bank now. In addition, Huang Qiyun, Huang Kebin and others were already in Yanjing. Is the conspiracy behind this clear enough?
Yan Wenjie sat on the sofa with his head down weakly. Is the situation in front of him still not clear enough? Not only can the problems of Haisu Technology, but also the problems of Xintong Bank cannot be covered. Perhaps some problems are not considered big problems at all, but at this time, everyone pushed them, and any problems will become big problems...##################################################################################################################################################################################################################################################################################################################################################################################################################################################
Not to mention that Xintong Bank lost more than 26 billion deposits in just one week, accounting for 18% of Xintong Bank's deposit balance. As the second bank run in China since the founding of the People's Republic of China, the quality of the surname is far more serious than the third limit down of Haisu Technology, and the blow to the Yan family is also more deadly than Haisu Technology.
On the third day after the run, the People's Bank of Zhejiang Province officially dispatched a regulatory group to the Xintong Bank to supervise the operation of Xintong Bank. Dong Weiwen resigned from the position of President of Xintong Bank, and Yan Wenjie was also forced to resign from the position of director of Xintong Bank, marking the complete loss of control of Xintong Bank. At the same time, the central bank officially established a higher-level investigation team to enter Wenzhou to investigate the various problems that have existed in the operation of Xintong Bank over the years... On December 1, Jiang Jinyuan, deputy secretary of the Zhejiang Provincial Party Committee and the Governor of the Yangtze River, issued a transfer order to the Central Committee.
He was transferred to the Central and Western Policy Committee of the State Council as deputy director at the ministerial level, Zhao Yang, deputy secretary of the Zhejiang Provincial Party Committee, and also acting governor; as the most important official umbrella of the Yan family in the eastern Zhejiang region, he was once Yan Kuanhe's secretary, Jin Liping, secretary of the Wenzhou Municipal Party Committee, also removed the position of secretary of the municipal party committee on December 12 and was temporarily transferred to the deputy ministerial inspector of the Ministry of Construction; Yan Lihua, Yan Yi and other Yan family members in the local party and government systems were successively transferred from leadership positions, which means that the investigation of behind-the-scenes issues of Xintong Bank will be thoroughly deepened.
No one, especially those who have already stood up to attack the Yan family and the Hongxin Group, are willing to give the Yan family a chance to breathe.
As early as December 6, the procuratorates of Donghai Province and eastern Zhejiang Province officially made a decision to surveillance against Yan Wenjie, Lin Xue and others... As the investigation into the problem deepened, the problems exposed by Xintong Bank and Hongxin Group became more and more serious. It is estimated that the Yan family used its control over Xintong Bank and its affiliated companies obtained loan balances from Xintong Bank as high as 24 billion yuan, of which more than 60% of the illegal loans were more than 60%. During the same period, Xintong Bank's total loan amount was even less than 100 billion yuan.
Yan Wenjie and Lin Xue used Hongxin Investment and Jingdian Real Estate to illegally withdraw 4 billion yuan from Xintong Bank to illegally plagiarize Haisu Technology's stock price from the primary and secondary markets for a number of behind-the-scenes transactions. In fact, this evidence of guilt is the best confirmed, and the key is whether the relevant departments want to investigate.
Recruiting loan repayments from Hongxin Group is the main task of Xintong Bank. Although the total assets of the Hongxin Group's enterprises are as high as 60 billion yuan, it is undoubtedly a life-threatening to take out 24 billion yuan of cash at once. In order to avoid the big impact of the bankruptcy of Hongxin Group on 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 People's Bank of China and the Central Bank's investigation team that the Provincial Iron and Steel Group, which is relatively controlling, will be taken over and reorganized by the Provincial Iron and Steel Group Group, and the Provincial Urban Construction Group, will be taken over and reorganized by Hongxin Construction. The nearly 18 billion loans of the two major enterprises will be taken over and reorganized by the Provincial Iron and Steel Group Group and the Provincial Urban Construction Bank.
As for other loans owed by Hongxin Investment and affiliated enterprises, a total of 6 billion yuan will be RMB owed by Xintong Bank as a creditor, and the assets of Hongxin Investment and affiliated enterprises will be fully taken over as a creditor until the owed loan is fully clarified.
Chapter completed!