Manufacturing Empire in the Valley

Chapter 1276
Vice President Xue set up only a business outlet in Aoshan, which belongs to the most basic level, while CCB set up a branch, which is comparable to a city-level branch. This has clearly demonstrated the determination of CCB to take root in Aoshan.

Vice President Xue was taken aback when he heard this: "Are you sure you read it right?"

The person in charge of the business outlet said bitterly: "I read it several times, and I am absolutely right. They are opening branches."

Vice President Xue was stunned for a moment, then suppressed the uneasiness in his heart, and said softly: "I see, you continue to maintain normal business order, and report to me later if there is any situation."

"OK, I see."

After hanging up the phone, Vice President Xue said to himself, "Could it be that Niu Xiaoqiang got connected with CCB? How did he get connected with CCB? I clearly remember that he has no contacts in the banking system."

This matter is a bit serious for Vice President Xue. He has indeed reached an agreement with someone secretly. This agreement is related to his future. If he fails to fulfill the obligations stipulated in the agreement, this agreement will be voided.

After staying for a short time, Vice President Xue couldn't bear it and dialed a phone number.After the call was connected, he smiled warmly and said, "Secretary Niu, are you free now? There is something I want to report to you."

On the other end of the phone was an old man with gray hair. He nodded slightly, and hummed in full style: "It's Xiao Xue. If you have anything to say, please say it."

"Secretary Niu, I have already done what you told me."

"Oh, thank you Xiaoxue for your support. How is the situation of the Asian machinery factory? How much money have they been frozen?"

"The funds are not very large, only about 30 yuan, but their accounts can no longer be used, which will definitely cause trouble for their subsequent capital turnover."

Secretary Niu was quite happy when he heard the words: "Well, well, you did a great job."

Vice President Xue followed up with a smile, and after hesitating for a moment, he finally told what happened just now: "But the other party's actions are quite fast, and I don't know where they found the relationship, so they directly connected with the people from CCB. At present, the people from CCB have arrived at Aoshan and are planning to set up a branch there.”

Vice President Xue paused as he spoke, and then said cautiously: "Secretary Niu, I can't stop this matter, it's up to you."

Secretary Niu was stunned for a moment before speaking: "Are you sure the news is true?"

"The news is true, I can confirm this."

Secretary Niu pondered for a moment and then hummed: "I see."

After saying these four words, Secretary Niu hung up the phone.

Vice President Xue's heart tightened, and he thought wildly: He probably abandoned me, right?If this is the case, what should I do in the future?

Vice President Xue put down the handset with anxiety, but less than 3 minutes later, the person in charge of the Aoshan Town branch called again: "President Xue, something is wrong!"

Vice President Xue was taken aback by the terrified voice of his subordinates, and reprimanded him with both fright and anger: "Why are you talking so loudly? Are you trying to scare me to death? Tell me quickly, what's wrong?"

"Just now, the local residents of Aoshan crowded in with their passbooks, and they all demanded to close their accounts!"

"Ah?! This...how did you do this?"

"Our staff asked the residents who handled the account cancellation business, and they said...that our practice of freezing the factory's funds is too shameless, and they don't want to store the money with us anymore."

Speaking of this, the subordinate asked cautiously: "President Xue, how should we deal with this matter? Our bank doesn't have that much cash, so we can't cash out so many account cancellation business."

Closing an account refers to canceling the account directly. As for the deposit in the account, all the deposits in the account must be withdrawn.

Beads of sweat appeared on Vice President Xue's forehead. No matter which bank it is, the most fearful thing is that a large number of depositors withdraw money at the same time. In industry terms, this is called a run.

The bank's funds are fluid. On the one hand, they collect deposits from depositors, and on the other hand, they issue these deposits through loans to earn profits. If depositors withdraw all the money at the same time, the bank will face the risk of capital rupture. .

At this time, the reputation of the bank will be seriously affected.After all, no depositor wants to deposit money in a bank that cannot cash it.

When everyone gets the news that the bank cannot honor the deposit, other business outlets will be crowded with more depositors. The depositors all want to withdraw their deposits to avoid bank problems and cause losses to themselves. This is called a run on phenomenon. .

After staying there for more than 20 seconds, Vice President Xue said: "Xiao Zhang, try to keep the depositors safe, and I will mobilize cash from the city right away!"

Vice President Xue worried that the run on would spread from Aoshan Town. If the business outlets in the city were also run on, the problem would become very serious at that time, and the provincial bank would need to mobilize cash to solve the problem.

Even if this turmoil can be resolved properly, after the investigation, his surname Xue can't even try to get rid of the relationship.

The subordinate immediately nodded: "Okay, I will go to appease the depositors, President Xue, you'd better hurry up, or I'm worried—"

"Okay, okay, I know what to do, you don't need to teach me!"

"Oh, I understand."

After Xiao Zhang hung up the phone, he walked out of the office. The business hall was crowded with people, and the depositors held their passbooks high above their heads, shouting the words "I want to withdraw money" incessantly.

Seeing this, Xiao Zhang wiped the sweat from his forehead, and said bravely, "Fathers and folks, please line up? We can't handle business with you crowded like this, so we should line up one by one. Come on, our bank guarantees that we won’t owe you a penny.”

A gray-haired woman dissatisfied: "You guys are too slow in handling things. You have only handled three transactions so far. Everyone is very busy. Who wants to waste time here?"

"In my opinion, you are just trying to delay the time. You can send us back after you get off work, right?"

"Shameless thing! You actually froze the funds of my son's factory. This is obviously to harm us Aoshan people! I want our factory here to collapse and our family members to lose their jobs!"

"I'll be so fucking angry when I hear it! Hurry up and cash out my savings! I want to deposit all the money in the bank next door!"

"You bastards of rubbish, this one is taking our Aoshan people's deposits, but secretly trying to destroy our Aushan people's jobs, it's fucking disgusting!"

"Don't talk nonsense with me! Hurry up and take out my savings! I will never deposit money with you from now on!"

(Thanks to the book friend "The Story of Zhongfan" for the reward and support again! Bow!)
(End of this chapter)