Rebirth of the Industrial Tycoon

  Chapter 79 Enlarged Moves (First Order)

  Early in the morning, Li Weidong was called to the office by Zhao Guodong.

  "Are you planning to contract a garment factory? You don't want to work with me?" Zhao Guodong asked straightforwardly.

   "I want to do it, but I also want to try to go out and break in." Li Weidong smiled, and then said: "If I really don't want to work in the freight office, I don't have to go to the clothing factory!"

   "That's also true, the clothing factory is a mess. If you really want to jump to another department, you can't go to the clothing factory. It's a pity that I am missing a talent here."

Zhao Guodong sighed and said with some regret: "Whether you are young and strong, you can go out and make a foray. If you can save the garment factory and transfer back to the company in two or three years, you may be promoted to a middle-level cadre. One level with me."

   "Director, I think you will be able to rise to the leadership of the company in three years." Li Weidong said with a smile.

  In Li Weidong’s memory, at the end of the 1980s, Zhao Guodong was transferred to an agency, and later he was also a county-level director.

  "Let's lend you auspicious words!" Zhao Guodong changed his voice, took out a document and handed it to Li Weidong, then said: "By the way, I will give you a job, and I will send this form to the purchasing office later."

  Li Weidong took the form and looked down, only to find that it was a height and size chart of the driver.

   "The purchasing office wants a height size, is it planning to buy us clothes?" Li Weidong asked.

   "Well, I said that I want to buy a batch of military coats for long-distance drivers, two for each person." Zhao Guodong replied.

Li Weidong frowned: "Two pieces for one person? Military coats are not gloves and socks that need to be replaced. One piece that can be worn for several years, we can't use so much. The purchasing office didn't say why one person needs two uniforms? "

   "No. Wang Haibin has always been in charge of the procurement business, who knows what's wrong with his mind!" Zhao Guodong replied casually.

   "Yes, the head of purchasing is Wang Haibin, Wang Haibin is Zhu Shicong's person, and Yang Peng, who is competing with me in the garment factory, is Zhu Shicong's nephew..." Li Weidong has connected all this.

   "Yang Peng is obviously playing tricks. It seems that if you want to contract a garment factory, it is not enough to rely on lip service. I have to use a big trick!"

  ...

   The "beep beep" of the motorcycle sounded, and the uncle who was good at counting at the bank door knew that Li Weidong was coming.

   "Little comrade, but some days have not come! Are you asking about the exchange rate again?" Uncle Mathematical asked.

  "Come and do some business today." Li Weidong said, and handed the uncle a cigarette.

Uncle    took the cigarette, and while flipping a match from his pocket, he said: "Then go in and I will help you look at the car."

   "Thank you, uncle." After Li Weidong finished speaking, he walked into the business hall.

  In the counter of the business hall, a middle-aged woman in her forties is waiting for Li Weidong.

   "Sister-in-law, I am coming!" Li Weidong said hello.

  "Xiao Li is here, wait a moment, I will take you to see our president right away." The middle-aged woman replied.

  Since becoming a dispatcher, Li Weidong has known a lot of people who are educated and nurtured. This can be regarded as the contacts that Li Weidong has accumulated.

  The “sister-in-law” of this bank is the director of the bank’s business hall. Her husband’s business often needs a transportation company to send trucks to deliver goods, so she has contact with Li Weidong.

  Now Li Weidong wanted to see the bank president, so he borrowed this relationship. After all, the president of a prefectural bank can't be seen by anyone who wants to. With the "sister-in-law" as an intermediary, Li Weidong can easily meet the president.

  In an era when state-owned enterprises dominate, there is a huge network of relationships, which is more useful than having money.

After a while, Li Weidong was taken to the president's office and met President Wu.

  "You're Li Shup? Please sit down." President Wu greeted Li Weidong to sit down. After the two chatted casually, President Wu asked, "I heard that you plan to borrow money?"

   "Yes." Li Weidong nodded: "Our company has a tertiary garment factory. I plan to contract it, but the garment factory is still short of funds, so I have to ask President Wu for help."

  In the mid-1980s, only the Agricultural Bank was able to issue personal loans, and they were all small short-term loans for farmers. Other banks issue loans to enterprises. Therefore, if Li Weidong wants to get a loan, he must bring the name of the garment factory.

   "Oh, do you plan to use working capital loans or technological transformation loans?" President Wu asked again.

   "Let's take a loan for working capital. What I lack now is working capital. If the equipment is ready," Li Weidong replied.

   "If you have a working capital loan, you can only borrow for half a year. How much do you want to borrow?" President Wu asked again.

   "I want to borrow 500,000 yuan first." Li Weidong replied.

  "Five hundred thousand? So much!" Governor Wu showed a distressed expression.

   Obviously, President Wu felt that a tertiary garment factory is not worthy of a loan of 500,000 yuan.

  In 1986, there were three main types of bank loans to enterprises.

  One is working capital loans, which is to directly lend money to enterprises as working capital. This working capital loan is only half-year at most, and it was not until 1990 that a one-year working capital loan appeared;

  The second type is technological transformation loans, which are loans issued by banks for technological transformation and equipment renewal of enterprises. The loan period generally does not exceed five years. The special technological transformation loans approved by provincial administrative units can be extended to seven years.

  The third type is fixed asset loans. This type of loan is mainly for investment in fixed assets, such as capital construction, project construction, etc. The term of this type of loan can reach more than ten years.

  In this case, Li Weidong can only apply for working capital loans. It is obviously impossible for a tertiary garment factory to apply for a loan of RMB 500,000.

  Some rebirth novels wrote that in the 1980s, banks would ask for corporate loans and would offer interest-free discounts. This misled many people who didn’t know the truth and caused many people to think it was true.

  It is true that banks ask for corporate loans. After all, banks can only make profits if they have loans.

  However, the interest-free discount is purely nonsense by the author of the Internet article. Banks are counting on interest to survive. If interest-free discounts are discounted, wouldn't the bank lose money? With the bank's "no responsibility for leaving the counter", how could it be possible to make a loss-making transaction!

  For the bank president, it is important to complete the loan task, but it is not guilty to lose money in order to complete the loan task.

  Moreover, at the policy level, after the People's Bank of China issued the "Trial Measures for the Management of Credit Funds" in 1984, banks already have clear rules and regulations for loans. How can bank presidents dare to make loans in violation of the regulations? It's really a display of the supervisory department!

  Unless the government has given special policies, how can companies get interest-free loans?

   Seeing President Wu's face embarrassed, Li Weidong directly took out a bank note worth 10 million and handed it to President Wu, and then said: "President Wu, I can use this as a mortgage."

   "Seven zeros! Ten million! Is this a cashier's check?" Governor Wu took a breath.

  President Wu was still aware. Although the bank note was mixed with various Japanese and English, he still recognized that it was a bank note.

Li Weidong explained: "This is a promissory note from Fuji Bank of Japan, valued at 10 million yen. I want to use this promissory note as collateral for a loan of 500,000 yuan. Your bank has foreign exchange business and should be able to To verify the authenticity of this bank note, that’s why I came to ask President Wu."

   "Fuji Bank, that's a world-class bank!" President Wu sighed, without the heroic charm of the four major state-owned banks in the future.

  Li Weidong went on to explain: “This promissory note is not due in four years. The promissory notes of international financial institutions and fixed-value promissory notes have a relatively long time limit.”

  China only promulgated the "Negotiable Instruments Law" in 1994, stipulating that the time limit for bank promissory notes should not exceed two months.

  The restrictions on foreign banks in this regard are much looser. International banks in New York, London, Hong Kong Island, Tokyo and other financial centers will issue three to five years of promissory notes. However, many bank notes involving RMB still have a two-month period.

  After all, national conditions are different. China has always had strict financial and monetary controls. The country does not want too much hot money to circulate in society in the form of promissory notes.

President Wu looked through the cashier's check carefully, and then asked, "Scheduler Li, 10 million yen, but a huge sum of money. Where did you get so much money? Don't blame me for talking too much, I have to get it. First confirm the legality of this 10 million yen."

   "Understand." Li Weidong said, took out the "License Works Transfer Authorization Agreement" from his bag, handed it to President Wu, and then explained:

"I am quite good at auto repair, so I wrote a book on car repair technology and sold it to Tianfeng Motor Company. The 10 million yen was earned from selling the book. This is a contract between me and Tianfeng Company. The agreement was signed by Masayuki Kato, representative of Tianfeng Company. You can go to Tianfeng Company for verification."

  President Wu took over the contract. He could not understand Japanese, but the number of "25,000,000 yen" on the contract could be understood by President Wu.

   "Uh, Scheduling Li, it says 25 million yen, right?" Governor Wu asked cautiously.

   "Yes, the copyright of this book was sold for 25 million yen, which is only 10 million of them." Li Weidong replied.

"Hey, what books can sell for so much money!" Bank Chang Wu became more and more surprised. He quickly calculated 25 million yen. According to the official exchange rate, it can be exchanged for 500,000 yuan, and if the black market price is over 1.2 million yuan. !

  The next moment, President Wu suddenly realized that the young man sitting in front of him turned out to be a millionaire!

  In 1986, ten thousand households will make people look up, and a millionaire is even more unimaginable.

  Fortunately, President Wu is also a person who has seen money. He did not behave too gloomily.

  "Li dispatch, such a large amount, let me calculate it first." I saw President Wu picking up the abacus from the table and starting to calculate the exchange rate and interest, but he was actually thinking about whether to approve the loan.

  10 million yen, the black market price is about 500,000 yuan, which will not fluctuate too much, so if you use this 10 million yen as a collateral and a loan of 500,000 yuan, the bank will definitely not lose money.

  When Li Weidong repays the money in half a year, he must pay the loan interest, so the bank will make a fortune.

  More importantly, if Li Weidong does not reach the 500,000 due to maturity, then the 10 million yen will be owned by the bank.

  10 million yen is foreign exchange, which is more fragrant than 500,000 yuan!

  Thinking of this, President Wu even had some expectations that Li Weidong had better not make money yet.

  A prefecture-level bank can earn 10 million yen in foreign exchange. What a brilliant achievement!

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  (End of this chapter)