Chapter 93: Crisis signs of market ‘money shortage’

"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 can be considered as saving you the cost of debt collection."

"and……"

"If it is extended and expires half a month later, 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, and after thinking for a long time, he could not think of a reason to refute, and replied: "Brother Su, I have to say, you are really good, you are good at stock trading, and you are also good at negotiating. Okay... I will be considered the boss for this one." I owe you the money. I will pay you back together 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 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, and he holds 12% of the shares. 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 tried to contact Mr. Qian before, and also talked to the general manager of the loan company." Li Huiyuan replied, "What happened, you have also seen it, Lao Zhou. There is no way to ask for anything, even if I put down everything in my hand." They just want us to repay the loan on time. Once we repay the loan, 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 discussing how many Cooperation with a brand, at this stage, 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're 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 handle the matter." 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 circle 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 maturity and the bank loan is still unable to be released, we can also seek their help and bring in investment institutions to 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 would not be able to 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 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 a little 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 person surnamed Su is also a robber, but at this moment, other than that, we don't have much bargaining capital."

"Okay, Lao Zhou, this matter is over, let's not mention it for now."

"In the next few days, you have to visit the bank more and urge the bank credit department managers or branch presidents we can talk to to get the loan funds released as soon as possible."

"Also, you should also get in touch with Tianhe Investment."

"Let's take a look at their institutions' willingness to invest in us and their valuation. If we can raise 15% of the shares and obtain seven or eight million in funds, then even if the bank loan cannot be extended, our predicament can be solved."

"There are also Mr. Sun and Mr. Wang of 'Yimei Clothing', as well as Mr. Tian of 'Yalan Clothing Sales Company', and Mr. Gao of 'Ailing Department Store'...these bosses who have a good relationship with our company, you have recently These days, they have made more appointments for me to see if I can get some financial support from them."

"No matter what, in the next half month, we can no longer take it lightly."

"We can no longer place our hopes on one funding channel."

"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 said: "Director Fu, you should pay more attention to this girl Xiaoshi, the one from the 'Ailing Department Store' online mall Let her take the lead on the project, and you should also coordinate and coordinate the other things."

The company has not yet gotten out of financial difficulties and has not yet raised cash for repayment.

Shi Yuling was the only bargaining chip he had to negotiate terms 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, the two of them still had the option to negotiate and negotiate if the company's situation deteriorated and the company fell into a desperate situation. The only option left is to continue to use the company's resources to support this girl and protect this bargaining chip.

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

Then, after Li Huiyuan gave some more instructions, he exited the office.

When Li Huiyuan saw the other party leaving, he lay down on the chair, closed his eyes and rested for a while, clearing his mind before returning to work and meeting with his business partners in the evening.

During this period, Su Yu had returned home.

After 5:30 pm, he turned on his computer and looked at the closing results and today's Dragon and Tiger ranking data.

Only 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 decline. There is a lack of hot spots in the two cities and the overall sentiment is sluggish.

As for the Shanghai Steel Federation's Dragon and Tiger Ranking data, there are many big names gathering today.

Yitian Road in Shenzhen City, Sangtian Road in Mingzhou City, Songjiang Road in Shanghai City, and Labor Road in Huzhou City have all appeared on the list of major buyers.

"The buying amount of each company is relatively balanced, and no one is dominant." Su Yu stared at the data on the Dragon and Tiger List and said secretly, "In this way, if the market trend and market sentiment still do not improve tomorrow, then the Shanghai Steel Federation Seven The pressure on the board is not too much.”

In his opinion, the sentiment of Shanghai Steel Union today is relatively consistent, and there are still some shortcomings in the change of hands.

In this case, if one company dominates the list, there will definitely be more concerns about the funds for subsequent relays.

After all, for high-end boards, as the board space is updated again and again, the risks are also increasing day by day.

Moreover, the fundamentals that drive the stock price upward will gradually give way to sentiment at this time.

Under the influence of emotions, if one company becomes a dominant player, the risk of being smashed will also increase rapidly, thus restricting the willingness of market funds to take over.

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

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

Therefore, in general, the relay of high-risk boards is usually carried out by the joint efforts of funds in the end. It is unlikely that there will be a situation where one company is dominant, continues to control the market, and can be accepted by many main funds in the market, and continues to lift the sedan, and the stock price No one can accurately predict where it will end.

After briefly reviewing the data on the Dragon and Tiger List, Su Yu was planning to turn his attention to major stock trading forums and financial information websites.

At this time, his cell phone rang again.

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

After he was connected, he discovered that it was another bank financial manager selling him bank financial 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. He thought to himself, "Is the bank already in such a "money shortage" situation?"

He knows that due to the first half of the year, various financial institutions, including many economic and financial experts.

They all predict that domestic monetary policy will continue to be loose, and the central bank is predicted to continue to release liquidity to stimulate the economy to achieve the GDP growth target.

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

As a result, after the increase in loans and money supply in the first quarter exceeded expectations, with the total amount reaching 42% of last year's expected increase for this year, the interest rate cuts and reserve requirement ratio cuts 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 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 market liquidity risks 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 even 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 choice is 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 taking her class. Now it seems that you still have a crush on me." It’s really not groundless, 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.