Fan Wubing called and asked. His women were all chores and had no time to come to accompany him to escape the summer heat. This made Fan Wubing feel a little moved. Once upon a time, their feelings became strong women?

Before traveling, Fan Wubing went to Fei Yuanjifei's hometown for a little while, helped him see his physical condition, and talked about some trivial matters casually. Mr. Fei was in a good mood and told Fan Wubing some secrets of the past, such as before the founding of the country, the ups and downs of the old leader, the old leader's opinion on Fan Wubing at that time, etc.

"Although this world belongs to us, it is yours after all--" Old Fei said with a little sigh, "If you have time, go and see Xiao Zhu. He is straightforward and always offends others. He doesn't have many friends. Although you are young, you are one."

Fan Wubing nodded, feeling a little ashamed. The little Zhu that Mr. Fei mentioned was naturally Boss Zhu, and there was no one else. In recent years, he has been concentrating on the power and status of his father Fan Heng. He has been planning this for about half a year, but he has less contact with Boss Zhu.

Especially in recent months, after Boss Zhu completely retreated, he has not visited him specifically, which is really not right. Although on the one hand, because of the impact of SARS, everyone has tried to avoid contact and mostly send greetings by phone, the SARS epidemic has been controlled at this time and there are no new cases. If you don’t go around, you will seem a little snobbish.

Therefore, Fan Wubing is still very grateful to Mr. Fei for his reminder.

After leaving Mr. Fei's home, Fan Wubing was a little hesitant for a moment. He originally thought that he would go out for fun with his girlfriends, but at this time he thought that he would meet Boss Zhu, so he naturally could not go to so many people. Fan Wubing thought that it would be better to go over and greet him alone, which was more appropriate.

So Fan Wubing inquired about Boss Zhu's whereabouts from the side, and without contacting him directly in advance, he boarded the plane heading south and arrived in Jiangnan.

In July in Jiangnan, the weather is really not very good. Fortunately, it just rained not long ago, which made the weather warmer, so it was just the time for Fan Wubing to come.

After contacting Boss Zhu's office, he learned that he was listening to opera in the theater, so Fan Wubing hailed Jian to visit this Jiangnan theater with a history of more than a hundred years.

This theater was a building from the Qing Dynasty. It was surrounded by mountains and rivers and was very poetic and picturesque. It was indeed a good place to spend time after retirement. However, there were not many formal performances at this time. It is said that some fans are entertaining here, but occasionally they can invite famous actors from all over the country to entertain themselves.

When Fan Wubing came, he was stopped by the security personnel nearby who were performing security tasks.

When Boss Zhu was in power, he offended many powers because of his rigorous governance of the country. Therefore, after abdicating, the central government demanded that security be strengthened to ensure that no major problems arise. Therefore, he still could not act freely like ordinary people. A person who has made significant contributions to the country and the people would have to pay for it in his later years. This world is really sad.

Fan Wubing shook his head and then was born with his own identity certificate.

"It turns out that it is Mr. Fan, who has long been famous." The leader in charge of security work immediately looked in awe. Even if he was not very clear about anything else, he was just the title of Special Advisor of the State Council who was treated at the ministerial level, so he was very awesome, not to mention that his father was also the executive vice premier, and a real member of the Politburo Standing Committee.

However, when they were about to inform Fan Wubing, Fan Wubing waved his hand and said, "Don't disturb him, I'll go in and sit and listen, and wait until the show is over."

After hearing this, the team leader hesitated for a while, and then led Fan Wubing to sit down in the venue.

After walking in and sitting down, Fan Wubing realized that the theater had a unique world and a different style. Just the tables and chairs placed here were all solid wood furniture from some time ago, and all of them were filled with the accumulated flavor of history.

There were not many listeners in the venue, probably twenty or thirty people, and everyone was intoxicated. Some people held teacups and sucked their fingers on the table with their rhythm, and some people stretched their necks to look at the stage, all with a very devoted expression.

What surprised Fan Wubing was that Boss Zhu was not in the audience, but was sitting on the stage wearing reading glasses, playing a huqin, and was focusing on it. Nearby were more than a dozen pianists who were playing the music together.

"I never knew that Boss Zhu would do this-" Fan Wubing said to himself.

The lights on the stage were turned down and shone on Boss Zhu's side face, showing some ancient and pure temperament. Fan Wubing looked at the stage sideways and felt that everyone around him seemed to have disappeared, leaving Boss Zhu who was half-closing his eyes and playing the piano.

Fan Wubing didn't hear clearly what the female actor on the stage was singing. The sound of the huqin seemed to make him hear an ancient song.

Haven't you seen it,

The water of the Yellow River comes from the sky,

It flows to the sea and never returns.

Haven't you seen it,

The tall mirror is sad and gray-haired,

The morning is like blue hair and snow.

Life is full of joy,

Don't let the golden cup face the moon empty.

I was born with a useful body.

The money is gone and comes back again.

Cooking sheep and slaughtering cattle is a pleasure,

It will take three hundred cups of drink at a time.

Master Cen,

Dan Qiu Sheng,

Will be in wine,

Don't stop cup.

A song with you,

Please listen to me.

No wonder Fan Wubing was fascinated by the fact that he had been with Boss Zhu for many years. Boss Zhu was upright, selfless, honest, courageous, wise, and hated corruption and evil. But nowadays, there are always many hardships and many ups and downs. The seven-year vice premier and five-year prime minister, in the hearts of the Chinese people, Boss Zhu left the image of a tiny bread man. Until now, all the voices about him still echo in the people for a long time, becoming an immortal legend.

"As long as I'm in Shanghai for one day, you won't be promoted!" Boss Zhu, then mayor of Shanghai, told his nephew that Boss Zhu had served in Shanghai for four years since then. His nephew's position has not been transferred. You should know that Boss Zhu lost his father before he was born, and lost his mother again at the age of ten. He was his uncle, that is, his nephew's grandfather, raised him.

"What kind of project is this? I will do anything to you with the money of the Party and the people!" He was furious when facing the big break of the Yangtze River embankment of Jiujiang Yangtze River, but unfortunately, although he was the prime minister, he did not have the power.

Perhaps in some Western countries, these are nothing, but at home, with the inequality of power and supervision and the prevalence of corruption, how valuable are Boss Zhu’s spirits?

Fan Wubing thought of the 1991st year that he had just returned from the United States and first met Boss Zhu. The two had not yet dealt with each other, nor had they established a relationship of mutual trust. At that time, Boss Zhu had not yet come to the forefront, but was actually controlling the reform of the domestic economic system. With the familiarity between the two, a lot of things happened in more than ten years, including soft economic landing, tax sharing system, national retreat, private advancement, heavy blows to crack down on smuggling, Southeast Asian financial storm, state-owned enterprise reform, etc., and so on. It seemed that they were all vivid in my mind, as if they were right in front of me.

"The things change and stars change, and people and things are different--" Fan Wubing sighed again.

I changed several songs on the stage. It took about half an hour to rest. Boss Zhu, wearing a light gray jacket, was chatting and laughing with the musicians next to him, looking very leisurely. Several people came off the stage, greeted their familiar friends, and then sat down at a table.

Soon, Boss Zhu saw Fan Wubing who had just stood up, and couldn't help but feel a little surprised. He immediately laughed and walked towards him directly.

"Why do you have time to come here?" Boss Zhu asked with emotion.

"Come and listen to the opera--" Fan Wubing smiled.

"It's been more than a hundred days since I left. You are the first big shot to see me." Boss Zhu said with a smile.

"What a big shot I am—" Fan Wubing shook his head, "I am just a businessman who eats and drinks."

Although that's it, in terms of real influence, Fan Wubing's current energy is very great. After all, in this increasingly market-oriented world, nothing can match the word "money", especially overseas, Fan's investment group's influence is getting bigger and bigger. Diversified investment has made Fan Wubing have a very prominent position in both the political and business circles of various countries.

The two sat down and drank some tea. Then Boss Zhu suggested, "Come out for a walk?"

Fan Wubing nodded, then the two of them stood up one after another and walked out.

At this time, Fan Wubing saw four strong young men walking out around him, obviously bodyguards, and they followed them very vigilantly and walked outward. When they left the gate, they found that there were also many security personnel staying outside. He couldn't help but mutter in his heart. He had heard that because Boss Zhu offended too many people during his tenure, he was not free after retirement. It seemed that it was real at this time.

For a long time, Boss Zhu has been engaged in economic work and is a recognized leader who understands the economy.

During his tenure as Shanghai, he had achieved significant improvements in both the development and opening up of Pudong, as well as the communications, municipal affairs, urban appearance, transportation and other aspects that citizens felt every day, and thus won the trust of the central government and the reputation of the people.

In 1991, Boss Zhu became the Vice Premier of the State Council and Director of the Production Office of the State Council. His scope of administration includes important economic departments such as industry, agriculture, and finance.

He is an expert in dealing with many economic problems. After he came to Beijing from Shanghai, he took the lead in dealing with the difficult "triangle debt" of enterprises, and he was the leader of the People's Bank of China when he was solving the "white strip" of grain purchases. When he rectified the chaotic financial order, he personally served as the president of the People's Bank of China.

As a result, every problem was solved quickly. The old leader once praised him for having opinions, opinions, courage and understanding of the economy. This is a very rare evaluation.

In 1992, the economy experienced investment expansion, currency issuance was too large, prices rose, and financial order was chaotic, as Vice Premier of the State Council and Director of the Economic and Trade Office of the State Council, with the support of the main leaders of the central government, Zhu made decisive decisions and made every effort to strengthen macro-control.

He rectified the financial order, laid the foundation for controlling inflation and lowering prices. He insisted on not engaging in comprehensive austerity, and only strictly managed the parts of low-level duplicate construction and bubble economy, while actively supported transportation, energy, agriculture and parts that were conducive to cultivating new economic growth points.

In this way, not only large ups and downs were avoided, but also maintained healthy economic development.

The reform of state-owned enterprises, strengthening the basic status of agriculture and continuing to implement moderately tight fiscal and monetary policies have become the focus of his work.

Strict governance is the political principle he always follows. He is calm in his words and decisive in his work, and acts decisively and decisively. What he cannot tolerate the most is the procrastination of the yamen and criticizes it mercilessly.

Fan Wubing remembers it very clearly. Once, he criticized some units by name at the People's Congress, but he was unanimously supported by the representatives. He said, "Sometimes I criticize it is indeed too harsh, which is not good, but why do the leader do it before he gets angry? Some things must not be done, but not doing it. But he also admitted that he has an advantage, that is, he only criticizes people and never messes with them."

The two of them chatted casually, and walked outside, walking along the small lake outside the theater. There were willows hanging down by the lake, swaying with the breeze, and the lake was covered with blue waves and flashing with the sky.

"I have been completely let go recently-" Boss Zhu said to Fan Wubing, "But there is another thing that always lies in my heart and I'm a little worried."

"What's the matter?" Fan Wubing asked curiously.

"It's the matter of the four major asset management companies--" said Boss Zhu.

Fan Wubing nodded, he knew about this.

At the end of 1997, the Central Committee held its first national financial work conference, which was at this meeting. As one of the steps to perform major surgery on the financial system, it was to divest huge non-performing assets from the banking industry and establish the plan for the four major asset management companies, Huarong, Great Wall, Oriental and Xinda.

The decision-makers have truly made the decision to solve the problem, because of the sudden Asian financial crisis this year, the banking industry is facing a position. If there is no reform, it will cause a crisis to the overall economic situation.

In 1999, the four major asset management companies finally came into being. These companies took over the huge non-performing assets of the four major state-owned banks, namely, and China Construction, through the central bank's re-lending and targeted issuance of financial bonds.

As the sole shareholder, the Ministry of Finance injects 10 billion yuan of capital into each company and explicitly sets a ten-year expiration date.

Against this background, the four major asset management companies were given a special mission of dealing with the non-performing assets of state-owned banks on behalf of the state. Since these companies are not profitable commercial entities, they mainly aim to maximize the preservation of assets and reduce losses. The idea at that time was to dispose of the non-performing assets of the four major banks for a period of ten years. After the disposal of the non-performing assets was completed, the four asset management companies were closed, and their employees would return to their original banks.

Solving the problem of non-performing loans of the four major state-owned banks through government help is of course a kind of learning from the successful experience of other countries and a responsibility of the government.

The successful experience of other countries, whether there are conditions for growth in China, and whether it is applicable, are all questions, but it is not possible to try it. Otherwise, the best foreign systems will not be able to find their growth points in China.

However, in the context of the time, every party would not obey others' opinions at all, and hoped that the sooner the domestic asset management company would be launched, the better. It can be said that the interests of vested interest groups are the most basic reason for the hasty launch of domestic asset management companies.

It is precisely because of these non-market reasons that it is impossible to fully design relevant policies and laws and regulations, and there is no time to establish a complete asset management system. A series of moral risks in the process of divesting non-performing assets by state-owned banks were quickly exposed.

For state-owned banks, they try every means to divest non-performing assets to asset management companies. Once the matter is stripped, they don’t consider much as to how to convert the state-owned bank operating mechanism after the divestment of non-performing assets of state-owned banks and how to reduce new non-performing assets.

It can be said that it was precisely because the mechanism for generating non-performing assets of state-owned banks was not converted after the divestment of non-performing assets of state-owned banks that since last year, the domestic economy has overheated investment and the credit of state-owned banks has lost control.

Of course, Fan Wubing is very clear that this out-of-control credit will not appear in the short term, but in a few years, the four major state-owned banks may emerge with a large number of non-performing loans.

For enterprises, especially state-owned enterprises, because state-owned enterprises and state-owned banks are one, in the past, state-owned banks have huge non-performing loans, and state-owned enterprises dare not repay the money, which is the fundamental reason.

Therefore, if the debts of state-owned enterprises can be easily divested to asset management companies through banks, the enterprise will definitely regard the asset management company as a policy financial institution and will definitely push the enterprise's debts to the asset management company, resulting in new non-performing loans. This not only increases the non-performing loans of state-owned banks, but also fails to optimize the operating mechanism of the enterprise, but also creates the conditions for the moral hazard of asset management companies.

In other words, since the company's non-performing loans are constantly arising, and the bank simply allocates non-performing assets to asset management companies without fully clarifying responsibilities, accounts, etc., the asset management company may also push all the risks of dealing with non-performing assets to banks based on its own interests. If the asset management company starts from its own interests, it may also change the progress of dealing with non-performing assets. In order to get rid of non-performing assets as soon as possible, it will lower the price, resulting in the loss of state-owned assets and seriously damage social interests.
To be continued...