It’s not Xie Kai who thinks CITIC is a fool.

To get rewards, you must make efforts.

African businesses have high profits and high returns, and are naturally accompanied by high risks.

"Comrade Xie Kai, we are very supportive of your ideas and hope you understand us. As a bank, we must not only consider the return on investment, but also consider the project risks. CITIC Bank has a weak foundation and weak risk-bearing ability. Once there is another turmoil in Burundi, the regime will change..." Mou Yang said seriously.

From the bank's standpoint, risks must be assessed.

"Xie Kai, President Mou is right. We are also major shareholders." Yang Qian also felt that the domestic business had not achieved much results and entered Africa, which was a bit risky.

CITIC Bank was formerly a subsidiary of CITIC International Trust Investment Company in finance. Its original main business was to provide financial support for CITIC International Trust Investment Company in attracting foreign investment and introducing technology.

It was because Xie Kai emphasized that at the beginning that Zheng Yucheng and others participated in CITIC Bank.

The bank, which was originally set up in 1987, had an investment of 404 and was established in advance.

Zheng Yucheng and others sat aside without saying a word.

"If CITIC Bank cannot assume such a role, why do we still invest in the shares of our foreign business? "Xie Kai said bluntly, "If CITIC cannot assume such a role, why are we still investing in it?"

Mou Yang looked at Xie Kai and smiled.

"Comrade Xie Kai, there was no problem with this. The foreign exchange you obtained from selling weapons and equipment before was transferred directly through the national bank..."

The meaning is very obvious. 404 foreign exchange has not entered CITIC for a penny.

Xie Kai really didn't know about this and looked at Zheng Yucheng and Wang Guilin in confusion.

The latter nodded, indicating that the truth was so, and did not give an explanation.

"When you invest, you didn't seem to have to talk about the foreign exchange we obtained, you must pass through CITIC?" Xie Kai retorted, "Since you know it's an export of weapons and equipment, this is naturally not something we can decide."

"Didn't create a penny of foreign exchange for banks, but it requires at least hundreds of millions of dollars of foreign exchange..." Mou Yang also became angry.

The anger was not to Xie Kai, but to Zheng Yucheng and others.

A group of people pushed Xie Kai out, which was clearly a scoundrel.

But twenty tons of gold are absolutely attractive to a bank that has not been established for a long time.

"The foreign exchange generated by Burundi will be settled through CITIC. Even the business of Tanzania and other countries will be taken over by CITIC. The gold produced by our investors there will be sold to CITIC Bank..." Xie Kai explained patiently even though he was angry.

The future is bright.

The road is not tortuous, just provide a loan of hundreds of millions of dollars.

"It sounds good." Mou Yang smiled and looked at Xie Kai, but he was paying attention to Zheng Yucheng and others from the corner of his eyes, and he was even more dissatisfied. "I said before that CITIC's foundation is too weak now and cannot withstand the tossing."

"So, it is impossible for our business in Africa to get support from CITIC?" Xie Kai's face turned cold.

"You can't say that, it's just that it's difficult at this stage." Seeing that Zheng Yucheng and others didn't speak, Mou Yang answered calmly.

"Since that's the case, there's no need for us to talk." Xie Kai turned his head and said to Zheng Yucheng and others, "Get back our funds from CITIC and set up a special bank, we will do it ourselves!"

Mou Yang's threat to Xie Kai was unshakable at all.

In his opinion, Xie Kai, a child, could not make decisions at all.

Now, this is just a test of Zheng Yucheng and the others.

"It is not easy to apply to the country... In addition, it is difficult to find professionals in personnel." Yang Qian felt that Xie Kai's idea was too presumptuous.

Mou Yang’s confidence is here.

Establishing a foreign-related bank has complicated procedures and the professionals needed cannot be easily solved.

Since the reform and opening up, the talent gap has also been large in the field of foreign-related finance.

Mou Yang went abroad a long time ago and worked in foreign banks for more than ten years, otherwise he would not have become the vice president of CITIC.

It was because Xie Kai considered this series of issues that he proposed to invest in CITIC Bank.

"The approval is simple, and the above will give relevant policies." Zheng Yucheng said, "Just solve the personnel problems..."

"For us, is it a personnel problem? No, just poach people from the same type of units! At worst, you can bear more costs." Xie Kai did not avoid being shy about Mou Yang here at all.

404 has really established a bank, and CITIC will be their main unit for poaching people.

You can't even poach the foreign-related finance personnel of the State Bank, right?

"You can't do this!" Mou Yang's face changed instantly.

He can't guarantee that 404 will not run a bank, as there are many such situations in China.

The problem of duplicate construction has always been quite serious.

"What's wrong? It was agreed that the conditions for our investment were to obtain professional financial support for our business. Otherwise, why should we have billions of funds in CITIC? The interest given by CITIC is not the highest!" Wang Guilin said coldly.

Xie Kai now understands.

I might have talked about this before, and he needs to deal with the bullshit gold.

It was clear that the two sides had a broken talk.

"..." Mou Yang didn't say anything.

"Since that's the case, we will withdraw the billions of funds from CITIC and withdraw the funds we had previously invested." Xie Kai said coldly. "CITIC's registered capital is only 800 million. We spent 500 million to obtain 49% of the equity. Now we don't even support our business!"

This move is completely a way to remove the firewood from the bottom of the pot.

CITIC does not have billions of cash flow at all.

All these deposits were loaned out.

404's billions of deposits occupy the current CITIC

Mou Yang's face turned gray. He didn't think about this possibility, but he didn't dare to think about it!

Once the news spreads and causes a bank run, the entire CITIC will go bankrupt.

"The superiors won't agree to you doing this." Mou Yang murmured.

"We need a lot of funds, why don't we agree? CITIC Bank is a commercial bank. There was no agreement when we first deposited, right?" Yang Qian was eager to get all the funds back.

When a bank is established, she must be the person in charge.

When things have reached this level, Mou Yang can only say that he needs to ask the bank for a meeting to discuss the matter.

"Governor Mou, we can't blame us. You also know the purpose of our investment in CITIC." When Mou Yang left lonely, Xie Kai said, "Our request is not excessive. CITIC already has foreign financing, foreign exchange transactions, and international settlement business..."

When Mou Yang left, Xie Kai did not get angry as he used to, but asked what was going on.

"CITIC hopes to get the foreign exchange settlement business of our export equipment, but the superiors disagree." Zheng Yucheng said, "The last time they were in the capital, they looked for us."

"The above does not agree?" Xie Kai felt that it would be good to hand over international business directly to CITIC Bank to settle.

"I didn't say it." Wang Guilin replied.

"Don't you want to give it to them?" Xie Kai asked.

"Eggs cannot be placed in one basket. The main deposits on CITIC are ours. Many times, the settlement interest is not very timely..." Yang Qian told the situation.

At present, the domestic money is small, the loan interest rate can even be as high as more than 20%, and the deposits have an interest rate of more than ten points.

Naturally, banks will not let their money be idle.

What's more, many loans are not collected these days, once there is a problem.

The settlement between CITIC and 404 has a high amount involved. I have always hoped that 404 will continue to keep the loan interest in the bank every year. 404 will naturally not agree to live a poor life.

This creates contradictions.

"A lot of their debts cannot be recovered?" Xie Kai asked.

"It is true. Most of them are state-owned units. For example, the previous units of 541 need loans without national financial support and transformation. Once the transformation fails and cannot be recognized by the market, the loan will not be collected in the end." Yang Qian nodded and explained, "541 is an exception. There are products with insufficient supply in the market, and with our cooperation, there is naturally no problem..."

Many state-owned enterprises were unable to adapt to the market during the reform and opening up, and eventually had to go bankrupt.

Similarly, after the market waves, a group of state-owned enterprises will stand out in market competition and eventually become the dominant force in the country's economic and technological development.

"Since that's the case, why don't we bring these state-owned enterprises in this African plan?" Xie Kai immediately thought, "Anyway, we can't do all our business. If there are a large number of bad debts and dead debts, it will be our loss, right?"

404 has half of the equity of CITIC Bank.

"This is feasible!" Zheng Yucheng and Wang Guilin looked at each other.

Anyway, they also have to find partners.

In addition, at present, we can use such conditions to negotiate with CITIC and increase their bargaining chips.

At least, many state-owned enterprises can support their business as long as they have business.

Mou Yang contacted the headquarters through the telephone number provided by the base and reported the situation here. The headquarters of CITIC Bank attached great importance to it and quickly held a high-level meeting.

Once 404 withdraws its investment and transfers billions of deposits away, CITIC will face a very big crisis.

Some people suggested seeking help from their superiors, but they were all state units. Doing this way was completely ignoring the overall situation.

Some people also expressed their opinions on agreeing to 404, asking them to leave their subsequent foreign exchange business to CITIC.

Even the bank's senior management directly found the department in charge of the 404 unit, and the matter was eventually handed over to Long Yaohua and Li Mingshan for handling.

"What are they doing?" Li Mingshan asked Long Yaohua.
To be continued...