As the center of the operation of the financial industry, banks have never been involved in charity, but are completely a vital institution.

Borrowing umbrellas on sunny days and collecting umbrellas on rainy days is the best thing in the banking industry. It is not their consideration for timely help. Chen Qiaoshan said that he could get a loan from the bank was not a swear word, but Liu Chang didn't believe it.

Banks are not Shantangs. After Liu Chang graduated from university, she worked in the banking system for several years. Although she was only a grassroots employee, she has always had a lot of gossip in the industry. She also knows all the tricks inside.

Although the banking industry naturally needs to avoid risks, under the domestic financial environment, this industry will be more complex and disorderly. Whether it is Qingshan Capital or Kangsheng Technology, it is almost impossible for Liu Chang to borrow money from the bank.

Seeing Chen Qiaoshan's expression of convincing words, Liu Chang couldn't help but feel suspicious. She asked, "What, do you have any solutions?"

"That's not." Chen Qiaoshan shook his head. For any non-public economic entity, if it cannot obtain endorsement from the local government, it is quite difficult to obtain loans from banks through formal channels.

At present and for a long time in the future, banks are all the money bags of state-owned enterprises. After the Asian financial crisis, state-owned enterprises experienced a wave of losses, and their profits even plummeted by more than 40% compared to ten years ago. In the end, the crisis was transmitted, and the thunder above the domestic banking industry was finally detonated.

The situation was once very critical. During the financial crisis, the World Bank publicly claimed that from a technical perspective, China's banking industry had been substantially bankrupt.

In order to solve the huge amount of non-performing assets borne by the four major banks, in 1999, under the leadership of the government, more than 1.400 billion of non-performing assets were divested, and four asset management companies including Huarong, Great Wall, and Xinda were established to take over and deal with the bad debts. The money was far more than 15% of GDP that year, which allowed the four major banks to escape the dilemma of bankruptcy.

The bank escaped, but the bad debt was not actually resolved. It took nearly ten years to resolve the debt, which is also the origin of the four major asset management companies in China.

Although the Asian financial crisis has long passed, the negative impact has not completely disappeared. As of today, the domestic banking industry has just recovered.

Nowadays, even a company with a cash flow of over 10 million yuan can get a very limited loan credit limit, let alone a startup that does not have any substantial profits.

Now the four major banks are in a period of concentrated listing, and are far less wealthy than later generations. Qingshan Capital has a large gap in funds. Even if it is not short of personal resources, it is also difficult to get a 9-digit loan.

Chen Qiaoshan knew very well that with his ability, not to mention 100 million, he could not get a credit of one million, and he personally did not lack money. The problem was that he lacked a channel to quickly get money into the country.

There are strict foreign exchange controls in China. Whether foreign capital enters the country or transfers domestic property abroad is not an easy task, but since there is demand, there must be channels.

Of course, Chen Qiaoshan would not go through underground channels, so there were only a few paths for him to choose from.

Faced with Liu Chang's questions, Chen Qiaoshan did not retain it anymore. He said: "It's very simple, it's guaranteed to protect the outside world."

The so-called foreign guaranteed domestic loan is a guaranteed domestic loan from abroad. If the guarantor is a bank, he does not even need to obtain approval from the State Administration of Foreign Exchange. It also has domestic guaranteed foreign loans, which is also a common way for domestic funds to go overseas in the future.

Liu Chang didn't expect that when she heard the answer, she immediately understood Chen Qiaoshan's plan and asked: "Can you find the guarantor?"

Chen Qiaoshan couldn't help but smile. With his current wealth, even if he couldn't find a guarantor, it was not a problem at all. He just paid out of his own pocket, but it was obviously not cost-effective to transfer his personal funds from overseas to the mainland.

"I have communicated with ubs, and they promised to issue a backup letter of credit of 15 million US dollars for Qingshan Capital." Chen Qiaoshan is not rich, but most of his funds have arrangements for his destination. If he really wants him to take out nearly 000 million yuan in cash and deposit it into the bank as collateral, it will still take a lot of trouble, and it will be a loss-making transaction.

Since he wanted to make a loan, Chen Qiaoshan simply gave up the letter of guarantee and chose to let ubs open a conditional commitment payment voucher, and then go to a Chinese bank with foreign currency business to go through relevant procedures. This does not involve cross-border transfer of funds, but a simple guarantee.

Of course, the ubs side will not question Chen Qiaoshan's ability to fulfill his contract. His current asset allocation is through the UBS channel. Even if the loan defaults and the backup letter is forced to be redeemed, it will not cause any substantial losses to UBS.

In this way, Chen Qiaoshan will personally bear more than 100 million yuan in debt in China, but for him, the pressure is completely non-existent.

To put it in a big truth, debt represents capital recognition. The more debts you bear, the more valuable the person is. However, this is only effective for financing through normal channels.

"One,5 million US dollars?" Liu Chang couldn't help but confirm.

Qingshan Capital has burned nearly 10 million US dollars to this day. Who would have thought that Chen Qiaoshan was still preparing to continue to increase investment? Liu Chang was also a little hesitant. Whether such a large investment could bring the expected returns is still an unknown.

Chen Qiaoshan explained: "One million US dollars were used to complete the remaining acquisitions, and the remaining part was used as seed funds for Qingshan Capital in the second and third quarters."

In addition to Framework Media, the remaining market share has been acquired by nearly half. Chen Qiaoshan is not going to delay it anymore. If nothing unexpected happens, Focus Media's listing has reached a critical juncture. In order to avoid long nights and dreams, it is best to speed up the process of mergers and acquisitions.

Liu Chang subconsciously glanced at Chen Qiaoshan. Seeing that he looked solemn and was obviously not joking, she stopped her mind of continuing to ask questions. In addition to being surprised by Chen Qiaoshan's big move, she couldn't help but secretly guess his wealth. After thinking about it, she smiled and said, "Can't you tell me, your family has a rich enough foundation?"

"What, do you have any ideas?" Chen Qiaoshan asked with a smile.

The two families are familiar with each other and know each other in a very short time. Although they are different from their masters and subordinates now, their relationships are different after all.

In front of Chen Qiaoshan, Liu Chang didn't have much scruples. She smiled and said, "What can I think? Could you dare to dump Xiao Qin?"

Chen Qiaoshan said, "Forget it, you are pregnant now. Don't talk about Lao Wang for now. I don't want to be my father."

Although Liu Chang didn't understand the meaning of being a father, she knew that she didn't know what a good word was. She spat and stopped quarreling with him for a while.

"How long will the funds be available?" After a few jokes, Liu Chang was concerned about the progress of the funds.

Even if there is a way to get a loan, the process that should be taken is still necessary, and domestic banks also involve them. If you don’t focus on the key points, the project will definitely not be completed within the specified date.

"As soon as possible, UBS has already agreed, and we need to find a domestic bank to connect with it." Chen Qiaoshan knew that now, there are only limited channels to choose from than later generations.

With UBS as a guarantee, for lending banks, this is a business that is stable and profitable, but any business has risk costs. Even if there is a guarantee, there are loopholes to take advantage of domestic guarantees and foreign loans or foreign guarantees and domestic loans.

If Chen Qiaoshan voluntarily defaults on this loan, ubs must bear the liability for compensation. In this way, the transfer of capital will be realized and policy supervision will be avoided, which is obviously contrary to capital controls. Its reverse operation is one of the ways to transfer assets overseas.

Of course, Chen Qiaoshan had no idea of ​​breach of contract.

The venture capital industry is quite special. Before the harvest period is clear, no one knows the profit prospects of Qingshan Capital. At least at this stage, its capital safety is safe.

After hesitating, Chen Qiaoshan said, "Sister Chang, please stop the case in your hand for the time being and go to Hong Kong for me. You are fully responsible for the loan."

"I'm here?" Liu Chang was deeply surprised. Before that, she was the one who dominated the mergers and acquisitions of the residential advertising market. Now it is a critical moment. How can she leave with confidence?

Moreover, with Chen Qiaoshan's behavior, she would definitely not stop the project because of her departure. Liu Chang knew very well that if she went to Hong Kong, someone would definitely take over. Without waiting for Chen Qiaoshan to answer, she asked, "If I leave, who will take care of this stall?"

"The performance on the framework has not improved, and the small shareholders are very upset now." Chen Qiaoshan was only half of his words, but Liu Chang already understood what he meant.

Framework is a force that cannot be ignored in the residential print advertising market. Liu Chang knew very early that Chen Qiaoshan would not be satisfied with being a major shareholder with only one framework. He spent huge amounts of money to integrate, so he would never allow the framework to continue to be independent. Overall acquisition is also a matter of time. Now it seems that the problem of integrating the framework or being integrated by the framework has already had results.

Thinking of the hard work over the past few months, although it is impossible to say that the birds are hiding all their bows, Liu Chang was inevitably a little disappointed. She knew that even if she came back with a large amount of money, it would be difficult for her to get back the dominance of the project.

Noting the loneliness flashing on Liu Chang's face, how could Chen Qiaoshan not understand her thoughts?

Tan Zhi has fought for the dominance of the project many times, but Chen Qiaoshan has never made up his mind.

Nearly half of the market share was discussed by Liu Chang. Now that the remaining funds are about to arrive, it is definitely a bit unreasonable to let her withdraw, but Chen Qiaoshan also has his own considerations.

From the heart, Liu Chang is his own person and is undoubtedly more trustworthy, but Tan Zhi has rich experience in his career and has the precedent of successful integration in his previous life. From the perspective of risk, it is obviously more realistic to hand it over to Tan Zhi.

Moreover, integration is just the first step, and the subsequent intrigue with Focus Media and Juzhong Media is the top priority. Compared with an old fox like Tan Zhi, Liu Chang still lacks some fire.

Based on comprehensive considerations, Chen Qiaoshan made the final choice and let Liu Chang leave temporarily.

I have some hand-made typing, and I will update it today and start two tomorrow.
Chapter completed!