Chapter 94: Signs of Crisis of ‘Money Shortage’ in the Market

"It can be said that." Su Yu replied, "The loan renewal of 'Yichuang Planning' has been blocked by the bank. Loans from other banks will definitely not be approved in the short term. According to the original deadline, Li Huiyuan will definitely repay If you can’t, if I do this...it will save you the cost of debt collection.”

"and……"

"If it is extended and expires in half a month, Li Huiyuan will still not be able to pay."

"If this debt is transferred to me, you will not lose."

"Looking at it this way, am I not working for you, Mr. Qian?"

Mr. Qian was stunned. After thinking for a long time, he couldn't think of a reason to refute. He replied: "Brother Su, I have to say that you are really good. You are good at stock trading and negotiation. Okay... I'll be considered the boss for this one." The money I owe you will be repaid to you when I get the chance next time. Well... the stock market has closed and I still have a meeting to hold, so I won’t talk to you any more. "

"Okay!" Su Yu responded and hung up the phone.

Subsequently, Su Yu immediately called Li Huiyuan back and said that he had extended the loan for half a month and hoped that he could repay it on time.

Li Huiyuan simply expressed his gratitude to Su Yu and said that he would definitely raise money to pay it back as soon as possible.

Then he hung up the phone.

"Huiyuan, are you putting too much trust in yourself by doing this?" When Li Huiyuan hung up the phone, Zhou Yang, the vice president of 'Yichuang Planning', did not look relaxed at all on his face. He looked at his friend and company partner , privately said, "50% of the shares, if we still don't pay the money after half a month, the company will change hands, and your years of hard work will be in vain."

Li Huiyuan holds 85% of the company's shares in "Yichuang Planning". He holds 12% of the shares, and the remaining 3% is in the hands of several core technical backbones of the company.

According to this shareholding ratio of each party.

Once Li Huiyuan loses 50% of the company's shares, the actual controller of the company will naturally change accordingly.

"We have tried to contact Mr. Qian before, and also talked to the general manager of the loan company." Li Huiyuan replied, "What happened, Lao Zhou, you have also seen it, there is no way to beg, even if I put down everything in my hand They just want us to repay the money on time, and once we can't pay it back, people from the loan company will definitely come to make trouble. Our company's business is now at a critical juncture, and we are currently talking about several The cooperation with this brand has made the matter a big deal and has a great impact on our company’s reputation and business.”

"I know this too, I just think... you are taking too many risks." Zhou Yang said with a frown.

If they had not been able to reach an agreement with the loan company and Mr. Qian and could not find any room for relaxation, they would not have approached Su Yu through Shi Yuling.

But, the result...

It was actually somewhat beyond their expectations.

"I originally thought that this young man named Su would be easy to deal with. As long as we give him some benefits, we can get him to help us get things done." Li Huiyuan said, "But judging from the results, we still underestimated this person."

"Sure enough, the people who can sneak into Yuhang's core business circles are not simple people."

"Using 50% of the company's shares as a bargaining chip for credit betting in exchange for half a month of our time is risky, but not big."

"First of all, our bank loan was not rejected, but due to the recent lending cycle, the funds are not available for the time being, but as time goes by, it will eventually be released."

"Secondly, haven't there been investment institutions that have contacted us before?"

"According to their requirements, if the bank loan is close to expiration and the bank loan is still unable to be released, we can also seek their help, bring in investment institutions, borrow their investment funds, and redeem 50% of the company's shares in the credit gambling."

"After all, we had no intention of introducing institutions and diluting our shares before, but it's not impossible."

"If there is really no other way, then the only choice is to introduce institutions to break the situation. At least this will be smaller than the cost of failure in credit betting."

"Furthermore, there are still about 10 days until part of the project funds of 'Yimei Clothing' and several other small brands are due to be paid back. This will also reduce a lot of our financial pressure."

"Also, during this period, we can see if we can borrow some funds from other business partners."

"Generally speaking, there are still many channels through which we can raise money, and the foreseeable funding gap is not very large."

"And the only thing we lack happens to be time."

"In the first half month, we were lax. We didn't expect that the bank couldn't release the funds for loan renewal, which led to the current predicament. But now we have preparations and sufficient psychological expectations. With so many fundraising channels Next, I believe there should be no problem in repaying the 11 million in half a month.”

"And as long as we can pay it back, this credit gambling agreement will not do us any harm."

"Anyway, I think it's quite risky." Zhou Yang still didn't quite agree with Li Huiyuan's words, and sighed softly and said.

Li Huiyuan rubbed his temples, smiled tiredly, and said: "When we start a business, there is no risk-free development path. Sometimes when faced with a choice, we can only choose a slightly lower cost and less risky option. A slightly lower option.”

"Compared to the consequences of a direct breach of contract..."

“Doing this can be regarded as a compromise solution that delays the resolution of risks.”

"Although we know that this Su is also a thief who takes advantage of the situation, we don't have much bargaining power at the moment."

"Okay, Lao Zhou, let's not talk about this matter for now."

"In the next few days, you have to go to the bank more often and urge some bank credit managers or branch managers who we can talk to to release the loan funds as soon as possible."

"Also, you should contact Tianhe Investment."

"See what their investment intention and valuation are for us? If we can lend out 15% of the shares and get 7 or 8 million yuan, Funds, even if the bank loan cannot be released, it can solve our predicament. "

"There are also Mr. Sun and Mr. Wang of 'Yimei Clothing', Mr. Tian of 'Yalan Clothing Sales Company', Mr. Gao of 'Ailing Department Store'... These bosses who have a good relationship with our company, you should also make more appointments for me in the past few days to see if we can get some financial support from them. "

"No matter what, in the next half month, we can't take it lightly again."

"We can't put our hopes on one funding channel anymore."

"Okay, Mr. Li!" Zhou Yang responded, and then left.

After Zhou Yang left, Li Huiyuan was silent for a while, then turned around and called the company's graphic model business director, and instructed: "Director Fu, Xiaoshi, this girl, should still be taken care of. The project of the 'Ailing Department Store' online mall should still be led by her. Others... you should also coordinate and coordinate more. "

When the company has not yet gotten rid of its financial difficulties and has not raised cash for repayment.

Shi Yuling was the only bargaining chip he had to negotiate with Su Yu.

Therefore, even though Li Huiyuan felt uncomfortable with Su Yu's use of credit betting to help them solve the problem of bridge loan extension, he could only continue to use the company's resources to support this girl and protect this bargaining chip in order to have room for maneuver and negotiation when the company's situation deteriorated and fell into a desperate situation.

"Okay, Mr. Li." Director Fu responded.

Then, after Li Huiyuan instructed some more work tasks, he left the office.

Li Huiyuan saw the other party leave, lay on the chair, closed his eyes and rested for a while, sorted out his thoughts, and then started working again and made an appointment with the business partner in the evening.

During this period, Su Yu had returned home.

When it was past 5:30 pm, he turned on the computer and looked at the closing results and today's Dragon and Tiger List data.

The three major indexes, Shanghai Composite Index, Shenzhen Composite Index and ChiNext Index, continued to fall by more than 1% today after yesterday's sharp drop. There is a lack of hot spots in the two markets and the overall sentiment is depressed.

However, the data of the Dragon and Tiger List of Shanghai Steel Union shows that today, many big names have gathered.

Shenzhen Yitian Road, Mingzhou Sangtian Road, Shanghai Songjiang Road and Huzhou Laodong Road have all been on the main buying list.

"The purchase amount of each company is relatively balanced, and there is no one dominant situation." Su Yu stared at the Dragon and Tiger List data and said secretly, "In this way, if the market trend and market sentiment do not improve tomorrow, the pressure on the seven boards of Shanghai Steel Union will not be too great."

In his opinion, the sentiment of Shanghai Steel Union today is relatively consistent, and the turnover is still somewhat insufficient.

In this case, if there is a dominant situation on the Dragon and Tiger List, the subsequent relay funds will definitely have more concerns.

After all, the high-level board, with the repeated refresh of the continuous board space, the risk is also increasing day by day.

And the driving force of the stock price upward, the fundamentals will gradually give way to the emotional side at this time.

Under the influence of emotions, a situation of one dominant player is formed, and the risk of being smashed in the relay will also increase rapidly, thus restricting the willingness of market funds to relay.

When the willingness of market funds to continue relaying is weakened.

Then, the emotional side will naturally collapse, and the upward momentum of stock prices will be completely lost.

Therefore, in general, the relay of high-risk boards is usually done by the joint efforts of funds in the end. It is unlikely that there will be a situation where one dominant player continues to control the market and many major market funds accept it and continue to lift the sedan chair. Moreover, no one can accurately predict how far the stock price will go.

After a simple review of the Dragon and Tiger List data, Su Yu was about to turn his attention to major stock trading forums and financial information websites.

At this time, his mobile phone rang again.

Su Yu picked up the mobile phone on the table and took a look. Seeing that it was a call from the bank, he answered it without hesitation.

After answering, he found that this was another call from a bank wealth management manager to sell him bank wealth management products and large deposits.

"This is the eighth call in two days."

Su Yu frowned slightly, and wanted to block the bank's number as well, thinking to himself: "Have banks been so short of money?"

He knew that in the first half of the year, various financial institutions, including many economic and financial experts,

predicted that domestic monetary policy would continue to be loose, and predicted that the central bank would continue to release liquidity to stimulate the economy in order to achieve the GDP growth target.

Therefore, various financial institutions have increased loans and released money supply in the past few months.

As a result, the increase in loans and money supply in the first quarter exceeded expectations, and the total amount reached 42% of the expected increase for the whole year last year. However, the interest rate cut and reserve requirement ratio cut expected by many financial institutions in the market did not come.

In addition, in April, the Federal Reserve decided to withdraw from the QE program, and monetary policy gradually turned to tightening.

The domestic market money supply has gradually tightened.

However, what is surprising is that when the domestic money supply is obviously tightening, the central bank still sits firmly on the Diaoyutai and has not issued any signal to release liquidity.

So, in this situation...

Various financial institutions found that after misjudging the direction of the central bank's monetary policy and releasing too much money supply in the first quarter, they finally had to tighten their monetary policy and were forced to shrink funds and curb the incremental issuance of new loans in the market.

Then, in the past few years, in order to circumvent the central bank's control over the liquidity of savings funds by using deposit reserves, banks have added a lot of off-balance sheet assets, thereby using these off-balance sheet assets and funds for investment and expansion, resulting in Its on-balance sheet capital reserves have shrunk severely, making it difficult to prevent such a sharp change in the macroeconomic environment of the market's money supply, which has naturally caused the current 'money shortage' in the entire domestic banking industry.

In May, banks faced internal money shortages.

And cover it up a bit.

While tightening the approval and issuance of new loans, while expecting the central government to save itself, it also assigned desperate tasks to the internal credit department and savings department to frantically absorb savings to cope with the "internal money shortage" crisis.

But when the time enters June...

Banks found that the central bank seemed determined to tighten liquidity this time to solve the long-standing problem of excess market liquidity and suppress domestic inflation.

As a result, the problem of ‘internal money shortage’ was originally hidden under the surface of the banking industry.

It seems to have begun to gradually surface.

And everyone no longer cares about face, and began to even more frantically reduce the number of new loans and attract deposits from various customers.

Although Su Yu didn't know how tense the financial problems within the banking industry were at this moment, the number of calls he had received in the past two days was already average.

Thinking about this, Su Yu hurriedly checked the overnight repurchase rate and interbank interest rate in the banking industry.

I can see that these two major indicators have risen a lot compared to last month. Among them, the overnight repurchase rate has exceeded the red line of 3.75%.

"It seems...the crisis is indeed approaching."

Su Yu secretly thought to himself, and after checking the key interest rate indicators, he also searched for information on major banks' savings and new loans across the country in recent times.

It was found that countless companies have complained about the difficulties in loan approval in the past month or so.

In the past half month, even fewer companies have been able to receive loan funds.

Moreover, due to the forced tightening of funds in the banking industry, the 'money shortage' effect has intensified. Major financial institutions and private lending institutions in the market have been run on by companies and individuals with urgent financing needs, and there has also been a situation of tight funds.

Among them, Su Yu learned from online information.

On the official websites of many financing institutions in Yuhang, there have been clear announcements about suspending the review of financing projects, although the specific reasons were not stated.

But Su Yu guessed that he probably ran out of money.

According to his historical memory, during this wave of money shortage, the central bank did not symbolically release 300 billion yuan of liquidity until July, when it saw that market liquidity risks were fully highlighted.

Therefore, Su Yu predicts that throughout June, domestic financial institutions, and even the entire financial market.

They should all be shrouded in the shadow of 'money shortage'.

Of course, if the market is short of money and banks shrink their off-balance sheet assets and withdraw their off-balance sheet investments, then the stock market will naturally not get better.

After clarifying the logic and ideas, Su Yu rubbed his eyes and called Li Meng, who had already arrived downstairs in the community, to bring him a takeaway.

Then, his eyes focused on the computer screen again.

"Su Yu, are you out of Shanghai Steel Union today?" While Su Yu continued to browse domestic and foreign financial information, Wang Can sent him a message on his chat software, "This stock is really strong, six It’s connected, and looking at today’s Dragon and Tiger List, the funds of Fortune Road and Fusheng Road are still locked up, which is really awesome.”

"No." Su Yu replied calmly, "I had something to do today and I didn't read the market, so I didn't have time to go out."

Wang Can heard that Su Yu could hold back from looking at the market despite holding Shanghai Steel Union, and praised: "It's amazing, I couldn't hold it back. The market situation was very bad today, so I cut my profit. But no matter what, this check is also the most profitable stock I have made in the past two months. "

"As long as you can make money, it's fine." Su Yu replied, "As long as you can make money, no matter when you play, it's all right."

"That's right." Wang Can responded with a smile, paused, and then said, "After you leave your job, think about your next employer. I'm also planning to go to Yuhang to find a job. The familiar choices are really great. Too little. I really regret going back to my hometown and wasting a lot of opportunities.”

"Are you growing mature?" Su Yu asked.

Wang Can replied: "Yes, I will come back after graduation."

"Then you know..." Su Yu paused, "You know Teacher Yao who used to teach accounting in our school, right? I heard that she is also growing mature."

"I know!" Wang Can said, "Su Yu, you won't be thinking about Teacher Yao for so long, right?"

Su Yu was speechless for a while and replied: "Where are you thinking? I just have something to do with Teacher Yao, so I have been asking about her current situation. Do you understand?"

He thought that since Wang Can was growing up and knew Teacher Yao.

So, even if the two of them can't meet each other in a small place, it should still be possible for them to hear about each other occasionally for such a long time.

In Su Yu's memory, he only remembered that Teacher Yao was a familiar person, and he roughly remembered the name of the company where she worked. However, he had no idea about the other party's specific situation, situation, or current situation. After all, even before his rebirth, he was just a During the business trip, I bumped into each other by chance, but I never got to know each other in detail.

"hey-hey……"

Wang Can laughed at Su Yu's question and replied: "I heard a long time ago that when you were in college, you had a crush on Teacher Yao from our school, so you fell in love with her class. Now it seems that you still have a crush on me." It’s really not unfounded, by the way...it’s been almost four years, you still can’t forget it, right?”

"Can you talk properly?" Su Yu said depressedly, "Do you believe such illusory things?"

Wang Can replied: "Looking at your situation, I have to believe it, but...since you asked, I really know the current situation of Teacher Yao, and I know that she is divorced and lives alone with a daughter."

"Have you seen her?" Su Yu couldn't help but ask when he saw that he spoke in such detail.

"We have met before." Wang Can replied, "We live in the same community, and our work places are not far away, but..."

PS: There is one more chapter, it will be later, probably after 11 o'clock.