Chapter 934 Cai Chenzhou comes to ask for help!

Chapter 934 Cai Chenzhou comes to ask for help!

Yang Ming had just returned to the Yuanshan Hotel.

Cai Chenzhou arrived quickly.

When Yang Ming was preparing to rest in the luxurious suite of the Yuanshan Hotel, Deng Changfu came over and said, "Mr. Yang, Mr. Cai from the Cai family wants to meet you."

"Which Mr. Cai?"

Yang Ming was surprised.

He just came back here, why did the Cai family call people over again.

"Mr. Yang, it's Cai Chenzhou."

Cai Chenzhou?

Yang Ming might have guessed Cai Chenzhou's purpose of coming here.

"You call him over."

After a while, Yang Ming saw Cai Chenzhou walking over.

Cai Chenzhou had just entered Yang Ming's study and immediately said: "Sir Yang, save me."

"Mr. Cai, do you have any questions?"

Yang Ming knew about the situation of the Cai family and Cai Chenzhou in his previous life.

As for the specific situation of Cai Chenzhou now, he is not very clear. If it is still as it was in history, it will be almost November at this time. In fact, it will only be three or four months after the Shixin Financial Crisis that broke out in February 11. That’s all.

"Sir Yang, my company problem."

"Second Young Master Cai, let's go to Jiantan Park to talk."

This place might not be full of monitors like Su Lian's Kgebo, but Yang Ming still wanted to go outside.

The two came to the pavilion outside Jiantan Park.

At this time, except for Yang Ming and Cai Chenzhou, their bodyguards were watching from a distance.

Deng Changfu and others did not approach either, so naturally they had no idea what the two men were talking about here.

"Tell me about your company."

Cai Chenzhou thought for a while and then told the truth.

"Shixin" refers to Taibei Tenth Credit Cooperative, or Taibei Shixin for short. In 1984, Taibei Shixin already had 18 branches, more than 6 members, and a maximum deposit balance of 171 billion yuan, which was the largest of Taibei at that time. The largest and oldest credit union.

Cai Wanchun, the first generation of the Cai family, became the boss of Shixin in 1957. At that time, Shixin was just a small business. The real takeoff of the entire Cai family was the establishment of Guoming Life Insurance in 1962.

At the beginning, it took Guoming Life Insurance twenty years to become the largest company in the Gulf at that time. Relying on Life Insurance's deep capital, it rapidly expanded outwards and acquired many companies, extending its business territory to various industries.

In 1979, Cai Wanchun, the chairman of Guoling Life Insurance Co., Ltd. suffered a stroke and handed over the management power to his eldest son Cai Chennan, while the second son Cai Chenzhou was responsible for the operation of Guoling Plastics Company, and subsequently merged many companies. As a result, the pace of Walking too fast resulted in poor cash flow. Whenever he needed to mobilize funds, he would find his brother Cai Chennan.

At first, Cai Chennan would help him allocate funds from Guoming Life Insurance, but when he saw that this was not an option, he gradually stopped responding to requests.

So Cai Chenzhou set his sights on his uncle Cai Wanlin, who was the chairman of Shixin at the time.

Cai Wanlin knew that his nephew's needs were a "bottomless pit" and no amount of money would be enough for him to spend.

So he came up with a plan and suggested that they exchange shares of Cai Wanlin and Shixin with Cai Chenzhou. In this way, Cai Chenzhou becomes the chairman of Shixin, and Guoming Plastics can obtain a financing loan from Shixin. funds.

Cai Chenzhou readily agreed. The biggest victim of this transaction was Cai Chennan. He was originally the head of Guoming Life Insurance Company. Now that Cai Wanlin has Cai Chenzhou's shares plus his original shares, he directly controls more than half of it. of Guoming's equity, the position of chairman has changed hands. After Cai Chenzhou mastered Shixin, he directly used it as his own cash machine.

Whenever money is needed, he borrows money in the name of Guoming Plastics, sometimes for house and land financing, sometimes for property mortgages. Many of the financings here are over-loans, and the amount lent often exceeds the actual amount of the house appraisal, and he uses the name of Guoming Plastics. Not only did the company's reputation not end, they also used employees under the group's name as heads, and collected employees' seal certificates when they were not paying attention and used them to open loans with ten letters.

Later, he even skipped looking for heads and collateral, and directly colluded with Shixin to fraudulently transport Shixin's cash. During Cai Chenzhou's reign, Shixin's violations began to increase sharply, especially in the three years from 1982 to 1984. Non-performing loans have more than doubled. Cai Chenzhou's appetite grew bigger and bigger. In order to better absorb funds, Guoming Plastics also issued bonds with the endorsement of Shixin Cooperative, which was four times higher than the fixed deposit interest rate at the time.

With such a high interest rate, no one would think that the government would go bankrupt, so people rushed to save money.

Soon Shixin became the most well-funded credit union at the time.

Cai Chenzhou was proud of his business career. He was only in his thirties and had another goal. He wanted to enter the political world and grasp both politics and business, so as to increase his status and influence to a higher level.

Money can make all the difference, and with the loudest stepping stone in the world, he smoothed all kinds of relationships.

With such a powerful backer, he has a special identity.

Cai Chenzhou is really good at handling interpersonal relationships.

In addition, he also provided many high-level vocational colleges with special high-interest savings plans. It is recorded that he gave high-ranking officials and their families a monthly interest rate of up to 2.5%, and as long as the interest was placed in it, compound interest would be rolled over for a little more than two years. , you can double your money.

For the sake of public image, those high-ranking officials may not dare to deposit money openly, but without their knowledge, their wives and children are holding hundreds of thousands, millions or even tens of thousands of private houses. Take the money and save it.

In addition to continuing to expand his business territory, he also had to pay these high interest rates. Of course, Cai Chenzhou knew that this was not the solution. In fact, most of the funds he took out from Shixin were used to invest in real estate. It was a pity that because of the economic situation at that time, The recession was bad, so most of his funds were stuck in real estate and he couldn't get out.

However, he is not very worried. Shixin has strong financial resources. He believes that as long as the economy improves, it will be time to harvest the fruits. Generally speaking, financial institutions are subject to the control of competent authorities. The competent authorities of Taipei Shixin are the finance department and the Taipei City Finance Bureau. During the annual financial inspection, the Ministry of Finance will entrust the public bank cooperative bank of Wanwan to send personnel to the branch to conduct inspections. .

For someone like Cai Chenzhou who emptied the Shixin Treasury at will, of course it is impossible for the accounts of the Treasury to be reconciled. However, he could easily get through every financial inspection. It can only be said that Cai Chenzhou's network of connections is too vast, even in finance. There are people from him all the way down to the cooperative treasury.

There are also people who want to rectify this bad phenomenon. As mentioned earlier, Shixin’s illegal lending doubled in the three years from 1982 to 1984. However, relying on his network of connections, he has been able to get through it smoothly.

. . .

At this moment.

The huge hole problem caused by ten faiths.

Even if Yang Ming didn't bring it up, Cai Chenzhou knew that there was no turning back.

The two uncles, Cai Wanlin and Cai Wancai, couldn't care less, and their father was lying on the bed again.

If Yang Ming hadn't come to Wanwan this time, Cai Wanchun of the Cai family would have invited him to visit the Cai family.

The Shixin financial crisis caused by Cai Chenzhou found that no one could solve it, and it still broke out like it did in history.

Now, when Cai Chenzhou told Yang Ming in detail.

Yang Ming knew.

In this matter, Cai Chenzhou committed a serious problem of rash advancement.

In fact, there are probably other driving forces behind it.

Cai Chenzhou was there talking, and Yang Ming was there listening.

You may say that Cai Chenzhou is incompetent, but Cai Wanchun was able to hand over such an important company to him. In addition to compensating his son, it may also be because of Cai Chenzhou's polio since he was a child. Cai Wanchun has some feelings for him. preference.

I also feel that the other party is capable.

In fact, after Cai Chenzhou took over the National Plastics Group and Cai Wanchun left him alone, he really messed around.

Otherwise, there would not be such a big hole problem now.

After Yang Ming heard this, he felt that the problem was even more serious than he imagined.

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