Among the financial institutions such as Donghua, the city can be like the arm of the arm, which is the Donghua City Credit Union; this is related to the nature of the credit cooperative.

Donghua City Credit Cooperative was originally established by several municipal state-owned enterprises with better performance in Donghua City.

Although the main person in charge of the cooperative is nominally determined by the members of the cooperative, the personnel appointment power is actually controlled in the city, so what money the city needs to use can basically use the urban credit cooperative as its own cash machine.

The only headache is that Donghua City Credit Union has developed a bit slowly and has a small scale. Even with the strong support of the municipal government and municipal state-owned enterprises, the deposit balance is only about 300 million yuan. Moreover, the bad debts that were owed before were too many bad debts, and the money that can be released next year will be only 40 to 50 million yuan.

Many municipal enterprises, whether they are maintaining production, expanding production scale, or diversifying operations, have to borrow money. Since other banks are difficult to make loans, everyone is staring at the city credit cooperative, so naturally they will not be willing to let the joint cooperative give the loan amount next year to the municipal steel mill.

It was also under the strong promotion of the Municipal Party Committee and Municipal Government that the Urban Credit Union decided to place half of the amount next year to the municipal steel mill, but it was only about 20 million, which was far from filling the gap in the municipal steel mill.

In addition to the Credit Union, the city has no binding force on its branches in Donghua such as Bank of China, China Construction Bank, ICBC and other branches in Donghua. Including Yexin Bank, the five banks are stronger than the five banks of the Credit Union. Only in the first meeting could they barely raise a credit line of 10 million to the Municipal Steel Factory.

The so-called credit line is to grant loan credit to the enterprise after approval. Within the agreed period, as long as the total number of loans to the enterprise to the bank does not exceed the credit line, there is no need to conduct additional audits or reviews, and loans and payments are available without limiting the number of times.

If the municipal steel mill now obtains a credit line of 120 million from financial institutions, when the joint venture is officially registered and established, it can directly lend the money from the bank, without having to contact the bank to discuss loans one by one, which will waste time.

Tan Qiping personally presided over the second coordination meeting, hoping that banks could increase their credit limits to the municipal steel mills and raise up 120 million yuan in capital contributions.

However, including Zhang Lisheng, Sun Yalin and others, all bank representatives avoided Tan Qiping's eyes and made silent communication in private.

Gu Tong also stopped at the coordination meeting, saying that the operating conditions of the city's steel mills have improved and will continue to improve next year, and the loan repayment capacity will continue to increase.

No matter how Gu Tong said the words like flowers, the people in the audience remained unmoved as usual.

Someone was so entangled that he was anxious and was rushing. Lin Ruchun, the head of the China Construction Bank branch, said directly: "If the city steel mill pays back all the 80 million owed to our bank, the credit limit gap will be all included in our bank..."

One person spoke, and the others agreed, and they wanted to settle old accounts with the city steel mill.

Gu Tong's face immediately became as swollen as a pig's liver; Shen Huai was bored and tweaked his fingernails under the table, asking Sun Yalin if he had nail clippers beside him; he also took out two boxes of cigarettes to set them on the table, so that the smokers in the conference room could smoke at will.

The early construction of the city's steel mill depends on its own accumulation and development is slow.

By Xiong Wenbin's reliance on the support of the municipal party committee and government at that time, almost half of Donghua's loans were borrowed to the municipal steel mill, adding two new production lines to the municipal steel mill and creating the glory of the municipal steel mill at that time.

By the time Xiong Wenbin was transferred, the city steel mill's loans were almost completely cleared, and the net assets of the entire city steel mill at that time reached 400 million yuan.

By the same period, the Municipal Steel Plant had to make production and operation, build new projects, and operate various operations, and then borrowed large amounts of money from financial institutions. In just five or six years, plus the accumulated interest in recent years, the debt scale of the Municipal Steel Plant quickly expanded to 500 million yuan.

Now the total open assets of the city's steel mill are 800 million yuan and liabilities are 500 million yuan. In terms of financial structure, it is not very bad.

The key is that the current operating conditions of the city steel mill have improved, and they can only maintain daily operations. The workers' wages only need to be paid for two or three months later. However, it is still difficult to pay the interest on the loan to the bank on time, not to mention that there are several due payments, and new loans are needed to be paid.

In this case, who would like to add a total of up to 12,000 new loans to the city steel mill? The attitude is almost the same as Lin Ruchun: it is not difficult to repay the old debts, but it is not difficult to borrow new loans.

The coordination meeting lasted for two hours. Except for the City Credit Union that it promised to squeeze another two million to the city steel mill, no one else made any statement. If he was forced to pay off the old debts, Tan Qiping regretted coming to participate in the coordination meeting.

The power of the municipal party committee not always works.

The conference room was filled with smoke. Tan Qiping's non-smoking coughed so much that he knew that the coordination would be delayed. He also signaled Liang Xiaolin to end the meeting and asked everyone to go back and leave Shen Huai, Zhang Lisheng and others in the conference room to talk.

"There are many problems accumulated by the city's steel mills. Donghua also responds to the requirements of the province. The city's steel mills have begun to reorganize equity and are preparing to establish the city's steel group. I think the problems of the city's steel mills can also be solved through reorganization, like Meigang, and revitalize," Tan Qiping closed his notebook and stared at Zhang Lisheng. He wanted to focus on the business bank to open a breakthrough, saying, "The joint venture company will be newly established. Meigang and Fuji Iron Manufacturing must send managers, new companies, new starting points, technology and management. They all use first-class steel companies like Fuji Iron Manufacturing as the standard. The prospects should be more optimistic than the city's steel mills. The new loans of the city's steel mills will also mortgage the equity of the joint venture. Why are your bank still so worried?"

People are different from others. The city steel mill still uses its original team and cannot fundamentally form a new enterprise system of "people who are good go up, and those who are not good go down". Whether Gu Tong's title is factory director or group chairman and general manager, they just change the soup and not change the medicine. What qualifications are there to compare with Meigang?

Zhang Lisheng couldn't point this out in person, just said:

"After Yexin Bank arrived in Donghua, it had not had any business cooperation with the Municipal Steel Plant. According to the regulations of the head office, large-scale credit cooperation requires a prior financial audit of the company. If the Municipal Steel Plant is willing, we can start this work immediately. Another thing is that Yexin Bank is still very weak in Donghua and its business scale is not large. Although the provincial bank injected some capital into us at the beginning, how much loan can be given is directly related to how much deposit it absorbs. Now Mei

Steel’s cash basically follows us, supporting the deposit scale of our bank, so we will also mainly consider supporting Meigang in credit business. We can honestly tell Tan Ji that our bank’s credit limit for Meigang next year will be 120 million. In addition to deducting the 60 million loans, we also have to reserve a plan for Meigang for 60 million. If we remove this part at once, unless our bank can increase the deposit scale on a large scale next year, the scale of business cooperation with other companies will be very limited..."

"We have to ask the province for support for loans," Chen Huai didn't want Tan Qiping to force Zhang Lisheng to express his opinion in person. He rubbed his hands and said, "Meigang wants to launch a new project, and he also has to go out to ask for money. Otherwise, relying solely on Donghua City, our two projects can eat up all the credit for next year, and it will be difficult for other small and medium-sized enterprises to rely on credit to expand production scale."

When I went to the province to seek support, I would still face the problem of serious insufficient credit for the city's steel mills. However, the two coordination meetings also made Tan Qiping understand that the credit potential of Donghua City is really limited.

Although she understood it in her heart, Meigang did not even ask for it. Yexin Bank agreed to add a new loan of 60 million to Meigang next year. She said everything to the city steel mill, but she refused to give up more. Tan Qiping, Liang Xiaolin, Gu Tong, Zhou Ming and others were also unable to feel comfortable.

However, they also knew that Zhang Lisheng did not have to be responsible to the municipal party committee and government. Yexin Bank established its own system, and the municipal bank was responsible to the provincial bank, and the provincial bank was responsible to the head office. It had its own rules. It was not effective if Tan Qiping, the municipal party committee secretary, put pressure on it.

After all, Chen Huai was just a fool, so he agreed to take out 400 acres of project land. Moreover, the 400 acres of land still insisted on high-priced conversion, and eventually occupied 15% of the shares in the joint venture and was unwilling to assume more capital contribution obligations. Otherwise, Meigang would be the main force and the city steel mill would assist from the side, and the whole thing would be much smoother.

But Tan Qiping couldn't say anything about Chen Huai. Chen Huai was unwilling to take over the battle at the beginning. It was because of compromise between them that Chen Huai agreed to let Zhou Ming take over. However, Gu Tong was active, and Tan Qiping was also eager to accomplish things, so he reached the initial cooperation intention of Fuji Ironmaking at this stage.

At first, Tan Qiping was also very happy, thinking that Mei Gang didn't need to be the main force, and that things could be natural if the city steel factory came forward. Unexpectedly, he encountered a roadblock just after taking one step.

Tan Qiping said to Zhang Lisheng with a depressed expression, Chen Huai said: "The province also attaches great importance to this project. I will personally ask Governor Zhao Qiuhua for help and ask all provincial banks, but I still hope that Yexin Bank can strongly support this project."

"Okay, I will communicate with the provincial bank to see if the provincial bank can provide certain support." Zhang Lisheng said without hesitation, and he refused to make a statement before other banks made statements.

"Okay." Seeing that this was the only way, Tan Qiping let Zhang Lisheng, Chen Huai, Sun Yalin and the others left.

Chen Huai walked out of the conference room, Zhou Ming chased after him and said, "The group office is still short of staff, so he still needs to be seconded from Meigang and the city steel factory. Meigang came in this year with a college student named Guo Chengfeng. Do you have any impression of Chen Huai? Can you lend it to me first?"

"Some impression," Chen Huai saw that Zhou Ming was so arrogant now that he no longer called him his position as before, but he just called him his name, but he didn't care about him, but he didn't know why he had contacted Guo Chengfeng. He thought that the news behind him was really quite a bit lately, and said, "You ask Guo Chengfeng to apply to the company by himself, and I will let the affairs department handle the resignation procedures for him. Who do you want to use? As long as he is willing, I can't get stuck, right?"

Zhou Ming almost vomited blood after hearing this. He wanted to second several backbones from Mei Gang to support the stall first, but Chen Huai's attitude was that anyone who wanted to go to a joint venture company that had not been drafted yet, don't think about coming back after going. He couldn't say that Chen Huai was not right, after all, Chen Huai didn't hinder him much.
Chapter completed!