In Shuchuan, there are many ferrochrome manufacturers.

Another large ferrochrome manufacturer, called Yihui, is also very strong.

Production capacity is also ranked among the top three in the country.

Compared with Tianyi Metallurgy, Yihui's development is much more stable.

At least people have not built a luxurious headquarters building with dozens of floors.

Liu Changxiong is so happy to be successful!

Liu Changxiong: "Dr. Han, I don't hide it from you. Tianyi has already had several bank loans due."

If a bank loan is not paid off when it expires, it will definitely not be done by a normal company.

When doing business, it is about reputation.

People's Bank of China attaches great importance to corporate credibility, and when cooperating with those companies that have breached trust, the conditions will become extremely harsh.

Even the interest rate will increase a few points.

Han Songlin: "Dr. Liu, I said before that business will be difficult in the next few years. Everyone must be prepared to live a hard life and wait for the arrival of spring."

Xinghai Group now maintains a long-term 100 billion yuan of funds on the books that can be used at any time.

Zheng Lin’s early vision was finally done.

Has Xinghai Group’s savings affected R&D funds?

There is really no.

Now Xinghai Group is only responsible for Xingchen Academy and Xingchen University, as well as Xinghai Technical College, and wholly-owned corporate R&D funds.

In terms of R&D, the listed companies under Xinghai Group have invested considerably.

Anyway, it is much higher than that of ordinary companies.

Liu Changxiong opened his mouth and sighed, "I regret not listening to Dong Han!"

This was said in the past two years, Han Songlin said at the Jiuding Meeting.

But at that time, although the world economic situation was bad, China's economy was like cooking oil, and it was very good.

All of them are working hard to make money.

Even Han Songlin's reminder, no one listened to it.

Han Songlin asked curiously: "How much does Tianyi Metallurgy owe now?"

Liu Changxiong hesitated and said, "Five billion."

Han Songlin narrowed his eyes slightly, is it only 5 billion?

Just owing banks has reached 5 billion.

These data are quite easy for Xinghai Group to find.

Tianyi Metallurgy has a loan of 1.5 billion yuan in the People's Bank of China.

It is mortgaged by Tianyi Metallurgy's headquarters building.

This mortgage is registered.

For the People's Bank of China, the risk coefficient of this loan is extremely small, and it is impossible for Tianyi Metallurgy to not pay back the money.

Then the People's Bank of China took over the building and transferred it to Xinghai Real Estate.

Xinghai Real Estate has sufficient experience in this regard.

A large amount of real estate is from the bank every year.

This is much cheaper than the market price.

Some will be sold, and some will of course be left behind.

Han Songlin blew the tea gently and took a sip: "Dr. Liu, you didn't tell the truth."

Liu Changxiong naturally did not tell the truth. He not only borrowed from banks, but also borrowed from private individuals.

Over the years, with the development of the economy, many people have money.

For many people, it is naturally uneasy to keep money in the bank.

Currency depreciation is happening every year, and the interest given by banks cannot keep up with the depreciation rate.

There is no need to say more about what this means.

So it becomes normal to find an investment channel for money.

Private lending naturally emerges.

Many people who cannot get loans from banks seek private loans.

If there are formal things, there are naturally irregular things.

There is nothing to say.

Han Songlin met Liu Changxiong but did not help in the end because he discovered that under Liu Changxiong's leadership, Tianyi Metallurgy would inevitably go bankrupt.
Chapter completed!