Chapter 333 I Met a Piao The cocktail party held by Ningbo Bank was held in a five-star hotel near Lujiazui in Pudong. In fact, there was not only a buffet in the evening, but also several lectures in the afternoon, including analysis of the current domestic economic situation, stock market trends, and futures market insights. Luo Yang went to meet up with An Ying after finishing two classes in the afternoon. When they arrived, the previous lectures had already ended, leaving only the final recommendation session. There was a table at the back door of the conference room with a roll-up banner promoting the content of the meeting next to it. Two bank staff members in familiar uniforms were sitting there, and they were obviously responsible for signing in. "Boss Luo, Assistant An!" Dong Xuan had been sitting in the back row of the hotel conference room. When she saw Luo Yang and An Ying appear at the back door sign-in desk, she took the initiative to come out and say hello. "Sorry, I'm late." Luo Yang stretched out his right hand and shook hands with Dong Xuan, then said with a smile: "Didn't you miss out on something good?" "The content of the previous lectures is too simple for Mr. Luo. You are more than qualified to be the teacher. It's better not to listen!" Dong Xuan smiled and said, "The best is always left for later. Later, there will be a priority fund subscription launched by the bank, as well as some asset package recommendations. This timing is just right."
While the two were chatting, An Ying also signed her name. "You can go in and listen first. If you come across a priority fund subscription, you can buy some yourself." An Ying nodded and walked into the meeting room from the back door first. The subscription of internal priority funds looks advanced just by the name, and it is really advanced. Most people go to banks to handle deposit and withdrawal transactions. You can see many brochures of financial products on the shelves in the lobby. If you are interested, you can find bank employees for consultation and purchase. These financial products are complicated to explain. Some may be public funds, and some may be financial derivatives packaged by certain securities and fund companies, which are put on the table after being stripped and packaged. Generally speaking, the investment period of this type of product is divided into different cycles such as three months, six months, and one year, and the investment returns given are mostly between and . Of course, this is not absolute, there are also some with relatively higher returns. But investing involves risks, and this is not just a joke, it’s a real risk! The financial products that appear on the shelves in the hall either have low returns or high risks. The truly good products will only appear in such internal subscriptions. The bank targets high-quality large customers. Luo Yang is certainly not interested in these financial products, but for An Ying, since there is such an internal subscription opportunity, she can still try to buy some. "Mr. Luo, are you waiting for the asset package to come out?" "This time I'm here mainly to see and learn, but I won't necessarily participate." Luo Yang smiled and said, "Without professional knowledge, it will recognize me but I won't recognize it!" "Giggle." Dong Xuan covered her mouth and laughed. After a moment, he said, "It's impossible for a bank to come up with an asset package that's as complicated as a divine book. We know what industries you VIP customers are engaged in, so we have selected industries that you are familiar with." Familiar industry. After hearing this, Luo Yang wanted to smack his lips.
Apart from the construction industry, he can talk about a lot of other industries, but to say that he is proficient in them is not a good idea, which is a bit embarrassing. "Oh, by the way, I almost forgot to congratulate Mr. Luo." Dong Xuan was a smart person. When she saw that the previous topic was showing signs of getting stuck, she immediately moved on to another topic. "Are you satisfied with the apartment in Tomson First Floor?" She smiled and said, "When will the wine be served?" "Forget about this house." Luo Yang smiled and said, "When I buy a villa, I will hold a housewarming party." It could be that they dislike second-hand houses, or there could be other reasons. Anyway, I just don't want to do it. Or maybe they don't want to do it in a big way. "Your place is so large, you can actually hold a small party right inside." Dong Xuan, who was tactful, immediately suggested, "Invite a few friends in a small circle to warm up the house. If Mr. Luo finds it troublesome, I'll find someone to arrange it for you. Then you can come over and ask for a glass of wine." If you are a VIP customer, or a top-level one at that, the bank's services will definitely make you feel the meticulous care. "Okay, I'll find you later!" This statement is very flexible. Dong Xuan also heard it and was about to respond with a smile when a staff member came up from behind. "Director, Zhou Xing is looking for you. It seems that he has something to explain." "Well, I'll be there right away." Director Dong changed his expression instantly and told his subordinate, "Wait a moment, I'll say hello to Mr. Luo." "Director Dong is busy now, I can go in by myself." Without waiting for Dong Xuan to speak, Luo Yang greeted her first and then walked into the meeting room alone. An Ying was sitting a few rows back and could be seen at a glance. "How's it going? Have you met anyone you're interested in?" "The three products introduced earlier are all good financial products, but unfortunately the starting price is three million. Boss, do you think I have that much money?" If it was 200,000 or 300,000, An Ying could take it out by gritting her teeth, but 3 million was a bit too much for her. Luo Yang laughed in silence. He had actually forgotten about this. "Forget it, there's no point in voting for this." In order to make up for his common sense mistake, he smiled and said to An Ying: "I will go to Hong Kong in July or August. I will take you to make some investments and guarantee you a return of at least 10 times your investment."
Just because there are few people at the back doesn’t mean there is no one. Although Luo Yang's voice was not loud, his conversation with An Ying was still heard by those in the front row. Min Huijun couldn't help her curiosity and turned her head to look back. Tsk, handsome men and beautiful women. Or is it the boss with a female subordinate? No wonder! Guaranteed 10 times return. This is a definite plan to deceive both the person and his body. No, what does this look mean? Anyone who is not blind can see it. But argue with her? But they didn't say anything. Luo Yang was extremely depressed, and An Ying saw it, so he couldn't help but curl up the corners of his mouth. Min Huijun was kindhearted and couldn't help but say something more: "These days, for most people, financial management that can maintain an annualized return of around 10% is already considered a top investment." Normally speaking, what this beautiful young woman said is absolutely correct. She didn't even give Luo Yang a chance. After she finished speaking, she stood up and walked to the front row, as if she wanted to subscribe to a financial fund. As for that beautiful lady, she has already been reminded. If she continues to jump into the fire pit, there is nothing I can do. "Boss, outsiders don't understand you, don't take it to heart." An Ying wanted to laugh, but it was too impolite in this situation, so she could only divert her attention: "It doesn't have to be ten times, I'll be satisfied with an annualized return of 20%!" What a thoughtful assistant. "Okay, just remember to pay me back the excess amount." Luo Yang curled his lips and then turned his attention to the meeting place. Yongcheng Bank has invited quite a few people today, roughly estimated to be around forty or fifty, most of whom are women. When it comes to investment and financial management, women are more interested. There were applications for subscription of 3 million, 5 million, and 10 million one after another. It was not only a process of buying products, but also a process of comparing face in private. The scene was spectacular. As for the so-called asset package processing later, it was completely different from what Luo Yang had imagined. He just took it for granted. In the early years, in order to deal with non-performing assets, the state established four major asset management companies specifically to solve this problem. The original plan was to dissolve the four major asset companies after completing the mission. However, unexpectedly, these companies not only did not disband, but eventually developed from single-function companies into large complex enterprises integrating asset acquisition, securities, funds, and insurance.
As for banks It is because of poor management that non-performing loans and bad debts have accumulated, and overdue accounts receivable have not been received. Many problems are waiting for others to help him deal with them. The so-called asset package they brought out this time mainly consists of debt-settled assets, judged assets and debt-to-equity swaps. The first two are easy to understand. It is mainly a monetization process and there is no trouble. It mainly depends on whether the acquirer is interested in these assets. For example, if there had been no internal manipulation, the foreclosed house that Luo Yang had bought might have eventually become a judged asset and ended up appearing in an occasion like today. As for debt-to-equity conversion, there is a story to tell here. For banks, if enterprises are having difficulty repaying loans and they are forced to repay, the only option is bankruptcy auction. However, this practice often occurs when banks feel that the risks are uncontrollable. If we don't go to extremes, we will give priority to negotiating an extension with the company and wait for the company's operating conditions to improve. The extension is not applicable to every enterprise. Generally, the actual operating status of such enterprises is relatively good, but they just have temporary difficulties in capital turnover. For companies in trouble, banks sometimes consider converting debt into equity. Of course, the prerequisite is that it can be sold. For example, today, Yongcheng Bank has put forward five enterprises. If someone is willing to take over, the bank will recover the loan and the investor will get the shares of the enterprise. It would be best if a premium could be achieved. After paying off the loan, the company can still obtain the remaining working capital. If no one takes over, then we can only consider the last step: bankruptcy liquidation and asset auction! This goes back to the court. This knowledge is Luo Yang's blind spot, and he only sees the results displayed. As the bank's internal staff came on stage and gave introductions on four companies in succession, Luo Yang lost interest after just a glance. It was not until the fifth company's introduction that even An Ying could see that Luo Yang was very interested. But she, as an assistant, became confused. Look at the fifth company displayed on the projection screen. It’s a small to medium-sized shipyard in Ningbo! They are interested in this, isn't it too outrageous to cross over into other industries? While An Ying was puzzled, Luo Yang listened very attentively. What a hell! Some words are difficult to write directly, but everyone can understand this phrase. (End of this chapter)