The Age of Rebirth

Chapter 328
Li Weidong glanced at Xu Yandeng, motioned for him to continue, and then continued walking towards the office by himself.

"Judging from their published financial statements, there is no problem at all, and even the cash flow is very abundant, and the debt ratio is almost the lowest in the banking industry on Hong Kong Island!"

"Everyone knows that this kind of financial statement for outsiders is not very meaningful, and they can only see a rough idea. If you want to know the details, you must see the original evidence."

Xu Yandeng did not continue, but followed Li Weidong into the office. Zhang Dongshuo closed the office door and left under Li Weidong's signal.

Li Weidong sat behind the desk and tried the water glass on the table. The water temperature was just right, and it was probably ready. He picked it up and took a sip, then leaned back on the chair and took a breath.

"Sit down and talk, tell me how you knew they had financial problems, and how you judged how to extract loan funds!" Li Weidong motioned Xu Yandeng to sit down and drink tea, and then said.

"Chairman, the original documents are the company's secrets. Except for the tax department and the company's financial department, it is difficult for other people to get in touch, but the audit accountant can see the general situation!"

"It's probably my luck. I know the accountant who signed the audit for them. We used to work together at Morgan, but after something happened to him, he resigned and became an accountant!"

"I made an appointment with him last night and asked him about the situation. Although he didn't want to say more due to the confidentiality regulations, he used some methods and got some information last night. This is also some methods commonly used in the industry! "

Xu Yandeng looked at Li Weidong's expression without anger, and continued: "After I got the information, I found some problems after careful research and comparative analysis."

"After coming to the company this morning, I organized my colleagues to study together, and finally determined that there must be a problem in the operation of Changtai Bank, at least there is a problem with risk management and control!"

"Although Changtai Bank has a lot of assets, it is only a small bank in the Hong Kong Island banking market where there are not many deposits, and the group of loan customers is relatively small!"

"Most of them are regular customers, but when we analyzed their loan customer list, we found that many of the customers listed in their loan loss provision provision were unfamiliar faces!"

Li Weidong seems to understand a little bit. Going to the bank for a loan is similar to increasing the credit card limit. The establishment of credit is definitely not a one-step process, but a process of gradual accumulation.

If you borrow [-] from the bank today and pay it back tomorrow, you can borrow [-] the day after tomorrow. After this kind of credit gradually accumulates to a certain level, the bank’s credit limit will increase greatly.

If they have not cooperated with Changtai Bank before, the loan amount for the first time will definitely not be too large, and there should not be too many new faces in the provision for loan losses.

If this is the case, there are only two situations. One is that there is a problem with the risk management and control of the bank. The root of the bank is risk prevention and control. If normal loans can generate so many losses and accruals, it means that the bank's risk control has become useless. It does not match the actual operating conditions of Changtai Bank's outward expansion.

The second type is easy to understand. It must be that someone is eating inside and out, reviewing the materials and releasing water, or it is simply a leather bag company opened by oneself outside to extract loan funds.

"What do you think, let's hear it?" Li Weidong asked.

"Chairman, take a look at this. This is the financial newspaper this morning. It contains news about Changtai Bank's opening of a branch in Singapore!" Xu Yandeng handed Li Weidong a newspaper and said.

"This is obviously to attribute yesterday's increase due to our purchase of stocks to this good news, but I inquired from the side, Changtai Bank and Singapore financial institutions have not reached a written cooperation agreement!"

"So we want to take advantage of this news, sell the stocks we bought yesterday, and then find an editor to write a report on our guesses and publish them in financial newspapers, and then short Changtai Bank!"

"Whether our speculation is true or not, and whether the bank has management problems or not, the final result will cause the stock price to fall. At that time, we will buy stocks to close the position. This will not only mess up Changtai Bank's stock, but also make money. A small fortune!"

With the billions of Hong Kong dollars controlled by Xu Yandeng, the market value of Changtai Bank is more than 30 billion. It is simply too easy to mess up the shares of Changtai Bank.
There are not too many stocks held by retail investors in Changtai Bank's secondary market, most of them are held by major shareholders, and they will not be easily sold. There are not many tradable stocks, and it is easy to drive up or smash the market.

Li Weidong asked: "How likely do you think Changtai Bank has an insider, and how much loan funds have been taken up?"

"It's hard to say, but judging from the current situation, the funds withdrawn should be more than [-] million yuan. If there are bigger problems, we have to pay attention to check the relationship with these loan companies. With our current conditions, it will take a long time. Long time!"

"Today is Wednesday. No matter what method you use, you must give me an accurate result before the market opens on Friday. Is there any problem?" Li Weidong asked.

"Chairman, don't worry, there must be no problem!" Xu Yandeng thought quickly, and finally assured.

"Well, you can find Li Shihui and ask him to analyze it for you. He has been in this industry for a long time, knows more people than you, and has more connections. If this matter is confirmed."

"Give me a lot of hype, smash their stock prices to the lowest, and then buy Changtai Bank. In addition, contact the minority shareholders of Changtai Bank, whether it is possible to buy the stocks in their hands?"

Xu Yandeng looked at Li Weidong, and knew what Li Weidong meant. In recent years, many banks in Hong Kong Island have gone bankrupt, most of which are due to the lax risk control management. The phenomenon of bank shareholders extorting funds is very serious. Changtai Bank cannot be spotless. .

If there is evidence that the same is true of Changtai Bank, maybe the shareholders of Changtai Bank are really about to change. It seems that Li Weidong has changed his mind, from messing up to becoming the owner of Changtai Bank!

After finding the evidence, after media reports, there is the reality of one-day trading on Friday and a weekend of fermentation, although it seems that enough public relations time has been left for Changtai Bank.

If this is the case, public relations can only be a waste of time, and public relations are too powerful to make black things white.

Li Weidong was not so ruthless at first, and wanted to seize other people's property, but several detectives angered him. If small detectives or paparazzi surround him every day in the future, there is no privacy.

It's fine if the child is ignorant, and it's a bit too much for a parent to be a helper for a tiger, and Li Weidong can't be blamed for taking action.

Besides, if these facts are true, Li Weidong is just an upright person who revealed the truth to the people who don't know the truth, and he should be regarded as the hero of the citizens.

"Okay chairman, I saw President Li just now, I'm going to ask him for help now!" With Li Weidong's attitude, Xu Yandeng knew that this matter would be easy to handle.

He doesn't care why Li Weidong wants to target Changtai Bank, what he has to do now is to confirm this guess, and then complete Li Weidong's set goal.

"Okay, go get busy, and call me anytime in the future if you have anything to do!" Li Weidong said.

Xu Yandeng had a happy expression on his face. This is a right that Li Weidong gave him. In the future, he can contact Li Weidong directly for any matters without going through the secretary. There are not many people who have this qualification now, and now he also has this qualification.

Xu Yandeng happily walked out of Li Weidong's office. Zhang Dongshuo, who was sitting in the office opposite Li Weidong, saw the door opened, and hurried over, ready to give orders from the leader at any time.

Seeing Xu Yandeng's happy face, he knew that Li Weidong should also be in a good mood. He returned to the office, picked up a stack of documents, knocked on the door of Li Weidong's office, and walked in.

(End of this chapter)