Chapter 376 Governing the Old Canal II (Seeking the Moon
The two talked about common things for a while before turning to the topic.
"Yangzi, if you're going to be so big, can you have the funds to keep up with it?"
What Zhang Hua is most worried about now is that Yu Qingyang's stall is too big and the capital chain is broken.
"Haha! HSBC promised to give me a loan of 20 billion!
It’s free if you don’t use it!” Yu Qingyang said with a smile.
Huayu Investment has been established for more than half a year and currently has debts of 8 billion.
Including the 20 billion loan agreement that will be signed soon, the total responsibility is 28 billion.
Currently, Huayu's four profitable investment units are Huaihai Engineering Corporation, Huayu First Construction, Huayu Second Construction and Electric Bicycle.
All in all, the profits of these four subsidiaries are not enough to pay the loan interest.
But the thing is so strange, although the real profit is not enough to pay the interest.
However, the bank has repeatedly improved the credit rating and credit limit of Huayu Investment.
In the past, a loan of several hundred million required the endorsement of the Department of Water Resources. Now, a loan of three billion can be loaned directly from a bank.
HSBC even directly provided a credit line of 20 billion.
In fact, the most important thing is the pieces of land. The value of the pieces of land held by Huayu Real Estate, a subsidiary of Huayu Investment, is constantly increasing.
Although it has not been developed yet, the land has increased several times.
Especially the land in Beijing has made banks regard Huayu Investment as a high-quality customer.
As I said before, acquiring land in the capital cannot be achieved only by having money.
"That's good. I'm afraid that if you make the stall too big, it will be very troublesome if the capital chain is broken!"
"It's okay, now the bank is even more afraid that my capital chain will be broken!
That’s why they keep lending me money!
They don’t want to end up with a bunch of unfinished land and unfinished buildings!” Yu Qingyang said with a proud smile.
"You! The four major banks are trapped by you!
Now bring HSBC on board!" Zhang Hua smiled and shook his head.
“Brother Hua, I didn’t force HSBC to come on board!
It was they who were crying and shouting that they had to get on the boat!
If it weren't for Mu En, I really wouldn't want to let them board the ship!"
"You! Just take advantage of it and be good!
HSBC bought shares in Huayu, and you took a big advantage!
This is not a matter of funds, but because HSBC holds shares, which makes the ownership structure of Huayu Investment more stable!" Zhang Hua tapped Yu Qingyang with his hand.
"This is a fact!" Yu Qingyang smiled and nodded.
It must be admitted that, as Zhang Hua said, the biggest benefit for Yu Qingyang from HSBC's shareholding is not to have an additional strategic partner.
Instead, it makes Huayu Investment’s equity structure stronger.
HSBC's foreign investment background made the previous contract signed by Yu Qingyang and the Department of Water Resources more legal.
What is inside can only be understood but cannot be expressed in words.
If you understand, you understand!
"Dandan's eldest brother came here a few days ago! Did he come to see you?
In the recent period, you must be steady and don't cause trouble!" Zhang Hua whispered again.
"I know, in fact, I have always been very stable with domestic development!
No rashness!
Not even thinking about eating a fat man in one bite!"
Yu Qingyang's words made Zhang Hua roll his eyes.
Why don't you take the plunge?
The company was established less than a year ago and the loan is almost 30 billion!
Acquire land in the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen to build Century City.
How else do you want to take the plunge?
Yu Qingyang didn't know what Zhang Hua was thinking. If he knew, he would definitely tell him what he would do if he took the risk.
The current Urban Real Estate Management Law was enacted in 1994.
There is no provision that if a real estate developer purchases land that has been idle for two years, the state will take it back without compensation.
He can use bank loans to purchase land across the country, first choose a good location, and get the land for the development of Century City.
Then the land is mortgaged and refinanced to carry out other projects.
As for those pieces of land, just develop them slowly.
By the time the 2007 amendment came out, Huayu Investment had already entered the second five-year plan.
At that time, Huayu Real Estate was already calmly developing Century City in the second-tier city.
As for third-tier cities, even if there is a real estate management law, the local government will do everything possible to cover up Hua Yu.
We will never take away the land.
This idea seems to have no problems and is very feasible.
It’s not like no one has ever done this before. Hong Kong businessmen did it back then.
Hong Kong businessmen went even further.
First, state-owned enterprises that were about to go bankrupt were purchased at low prices across the country, and the land of the state-owned enterprises was transferred to other companies. Then the factories declared bankruptcy.
Hold a large amount of land in your hands and develop it slowly, or wait for the opportunity to sell the land.
This is original sin and can easily be liquidated by the state.
Because in the process of acquiring state-owned enterprises at low prices, greedy Hong Kong businessmen will not be so disciplined and will make acquisitions in accordance with the requirements of the local government and market rules.
In order to purchase at a lower price, local government leaders will definitely be bribed.
This leaves a knife for the country to liquidate.
If Yu Qingyang did the same thing, not to mention buying state-owned enterprises that were about to go bankrupt, he would just take out loans and buy land across the country.
This time the security company will not receive support from the state.
Because doing so will leave an impression of restlessness and unreliability on the top level of the country.
Too far away...
In the afternoon, Yu Qingyang came to the conference room of the Jeju City Government.
The Jeju City Government has specially established a working group for the management of the old canal.
Zhang Hua serves as the team leader, and Yang Yabin, deputy mayor of the Standing Committee, serves as the executive deputy team leader and presides over specific work.
Pei Yanbing, director of the Water Conservancy Bureau, Shen Qixin, director of the Construction Committee, Liu Qiyao, director of the Environmental Sanitation Bureau, Tang Gengguo, director of the Public Security Bureau, and other leaders serve as deputy team leaders.
The municipal party committee also sent Liang Yongchao, deputy secretary-general of the municipal party committee, to serve as director of the working group office.
Then allocate key personnel from each bureau to serve as team members.
It can be seen from this that the Jeju Municipal Party Committee and Municipal Government attach great importance to the management of the old canal.
Of course, this emphasis is not only due to the management of the old canal.
What attracted their attention was the blueprint drawn by Yu Qingyang for them, the Old Canal Cultural Corridor.
This is a political achievement and people's livelihood project.
It can be said that the management of the old canal has been done well!
All participants will receive a comprehensive report card.
A transcript that is enough for them to move up to the next level.
In the afternoon, Zhang Hua held a dispatch meeting in the municipal government conference room.
All deputy leaders and members of the working group attended the meeting.
Yu Qingyang also attended the meeting with people from Huayu Investment Company.
“In the morning, several deputy team members and I took a look at the canal!
After coming back, the deputy team leaders didn’t even eat much!
I don't say this to criticize anyone!
I am just telling the fact that the old canal has reached a point where it has to be managed!
Today we were on the edge of the old canal. We saw the river water as black as ink and smelled the pungent stench!
Because our time at the river was too short, or our formation was too large.
If we drive lightly and stay a little longer, we can still hear the people scolding us!"