If he didn't want to clean up the mess, he had to clean up the mess, so Chu Tuo had to come to the provincial capital with a bitter face.

Yuwen Yan's activities were airtight throughout the day. When he saw Chu Tuo, he was really a time squeezed out between his teeth. After the previous event, he rushed to the next venue. Chu Tuo reported to him urgently in the car.

When I heard that Dianbao Chairman Jiao Zhaohua was fleeing in the case, Yuwen Yan's eyelids had already stumbled. During the last inspection in Dianxi, the city leaders introduced him to himself as a star of a heavyweight company in the region, and shook hands and took a group photo. Yuwen Yan remembered these details.

Next, he heard that Mayor Shao died in the line of duty during his running project in Kyoto, and the 18 billion municipal bonds were about to expire. Kedianbao Company and Dianxicai were unable to provide a penny. Yuwen Yan looked grim and said in a stern tone that he had never seen before:

"What did you do, Lao Chu? Dianxi disappointed me!"

Chu Tuo knew very well that stabbing such a big leak at this time would be like stabbing Yuwen Yan twice in the ribs, and it was like a general who was charging forward suddenly found a fire in the backyard, which made Yuwen Yan extremely passive.

In the early stage, Yuwen Yan tried his best to promote the public and used many Dianxi cadres, and also tried his best to recommend Chu Tuo to Kyoto to join the team. Now, the big thunder of bond redemption broke out!

Chu Tuo bowed his head deeply and said, "Dianxi failed to grasp the rhythm in the extraordinary development process. As the squad leader, I failed Yuwen Shuji's trust..."

"How many more than 18 billion, and when will it expire?" Yuwen Yan asked.

"The expiration deadline is relatively concentrated, mainly due to the full expansion after Mayor Shao took office," he said, "There is the safest thing to put the blame on the dead, Chu Tuo said, "The year end is 17 billion; the first half of next year is 12 billion; the second half of next year is 15 billion; the year after next..."

“How much is the total bond?”

"67 billion..."

Yuwen Yan didn't say anything, hissing in front of him with a very ugly expression. There was only a slight "hissing" sound of the air conditioner in the car, which made Chu Tuo sweat profusely, and layers of cold sweat emerged on his forehead.

After a long time, Yuwen Yan spoke slowly:

"Stop, go back to the office, cancel the morning activities, and notify all Standing Committee members at home at 2 pm to hold an emergency meeting to discuss the issue of the inability to repay the 18 billion bond in Dianbao, facing default."

The driver immediately sent a signal to the vehicle responsible for the protection of the front and rear. The secretary quickly recorded it and contacted the General Office of the Provincial Committee. Chu Tuo was so scared that he didn't dare to come out. He knew that this time he had caused a big disaster. Even Yuwen Yan could not bear the power of the Provincial Committee Secretary, so he had to hold an emergency standing committee.

Collective discussion of major issues and collective responsibility.

At this time, the provincial government was also facing a great enemy and made more than ten calls to Chu Tuo in succession, but he was concentrating on reporting to Yuwen Yan and setting the phone to mute.

In essence, city bonds have become the flower in the game of passing the flowers. On the surface, everyone is eager to get it, but secretly they only want to gain some benefits through the rules of the game. After they actually get it, they are too anxious to throw it out, and they are worried about being hit in their hands.

Why do everyone still enjoy the danger even though they know it is dangerous?

The key is that everyone knows that behind the city bonds, the official government is blessed by the official government! The credibility and financial support of the official government are the core of the large and unsuccessful urban bonds.

However, if Dianbao City Investment bonds cannot be redeemed when maturity occurs, and the most worried default incident in the industry will form a domino effect, which will lead to a devastating blow to the safety level, integrity of Dianxi and even Tongyu City Investment bonds!

In the future, not only will no one dare to pay attention to the newly issued municipal bonds, but existing municipal bonds will be sold in large quantities in the secondary market, and their valuations will plummet, and any remedial measures will not be recognized by creditors.

If it is a problem that involves the whole body, it will shake Tongyu's financial foundation and even the space for economic development. Yuwen Yan and Yue Zhi are not in a hurry?

At 2 pm, an emergency meeting of the Standing Committee of the Provincial Committee was held on time, with members of the team headed by Yuwen Yan; all deputy chiefs of the Provincial Finance Department, the Provincial State-owned Assets Supervision and Administration Commission, the Provincial Financial Administration Bureau, the Provincial People's Bank of China, the Provincial Banking and Insurance Regulatory Commission and other relevant departments; Chu Tuo, Executive Vice Mayor Yao Shan, and the Director of Finance Li Yiqi and other city leaders attended the meeting.

The atmosphere of the meeting was very dull. The participants knew that the sky was about to collapse - 18 billion is not a small amount. Besides, there are still hundreds of billions of debts behind, so they can't stand it even if they use the power of the whole province's financial power!

After spending ten minutes, Chu Tuo sweated heavily and introduced the situation, Yuwen Yan asked:

"Debts are like mountains of collapse. People die and people run away. Debts are bound to be a cent. Comrades, see how to solve them?"

Silent.

In the morning, I received a notice from the meeting that all leaders, all lines and departments had urgent consultations and basically reached consensus or countermeasures. However, based on safeguarding their respective positions or interests, they would definitely be criticized or even criticized when they said it rashly, so they all hid and waited until they could not speak again.

"Well, no one responded?" Yue Zhi frowned and swept around and called him directly, "Comrade Yalong talks first. This matter is first related to the stability of financial order."

Hu Yalong, director of the Provincial Banking and Insurance Regulatory Bureau, sighed secretly, thinking that the adopted children are not welcome everywhere, and they usually have no benefits. When they are blasting, they are the first to rush in front to block the gun hole.

There is no way. The banking and insurance regulatory system is directly under Kyoto's line management, personnel rights, business management, etc. are all under the China Banking and Insurance Regulatory Commission. The ** official government has only the right to suggest but no right to decide. Of course, it will not be regarded as its own person.

"The 18 billion municipal bonds must have a lot of points to guarantee payment. This is the premise," Knowing that this sentence offended the provincial leaders, after all, Hu Yalong still said it with a tough juncture, "Digested 18 billion, and prepared for the next tens of billions in the future. I believe there will be a way to overcome the difficulties; if you cannot ensure the rigid redemption of 18 billion, you will lose the trust of the market and the debtors. No matter what measures are introduced, you will not be able to cooperate. I will report to the leaders. At the end of last year, a market in Jinxi almost could not repay 6 billion municipal bonds. The news was just spreading, and the trading market collapsed three times in a row. Fortunately, two provincial state-owned enterprises took the lead in borrowing 6 billion syndicated loans to stop the decline. It can be seen that the current municipal bond market is already in panic, and a slight disturbance can easily cause panic..."

Chen Chun, director of the State-owned Assets Supervision and Administration Commission, was unhappy when he heard the provincial state-owned enterprises pay for the failure of local urban construction, and immediately retorted:

"I have read the notice that people can't repay it, mainly because the comprehensive commercial building worth more than 3 billion yuan was frozen by the judicial system due to economic disputes, which is equivalent to the fact that so many fixed assets are mortgaged there and cannot be escaped! What do Dianhong have in his hands? A lot of half-finished projects and unfinished buildings? State-owned enterprises are also enterprises, so enterprises have to bear their own profits and losses every year Lao Hu, who has to publish financial statements to the public!"

Hu Yalong said: "I put forward my own opinions according to the request of President Yue Shen. I did not say that I had to support the provincial state-owned enterprises. What countermeasures should be taken, of course, the resolution of the Standing Committee shall prevail."

What we mean is that no matter what we say, we don’t count, everything is subject to the arrangements of the leaders.

Chen Chun did not insist on being serious with Hu Yalong, but expressed his opposition to the provincial state-owned enterprise bottom-up plan; he did not object to the purpose of opposing it, but indirectly represented the opinions of the provincial government, that is,—

We will definitely not let the muddy waters in the west, so please take care of them yourself!

The cadres in Dianxi are capable, the cadres in Dianxi are courageous, and the cadres in Dianxi are capable. Well, now is the time to show their skills, please take a move.

After a brief confrontation, the conference room fell silent again.

The differences of opinion were expected. Yue Zhi knew very well that once the 18 billion municipal bond broke, the provincial government was not good-looking, but the board could not hit him on his butt because Yuwen Yan was holding him.

Why does Yuwen Yan have to support it? The root cause is Yao Shan, executive vice mayor of Dianxi.

Last year, the former executive vice mayor of Dianxi left the second line and had a little dispute with Yue Zhi and others on the issue of candidates. According to the tacit understanding reached by Yue Zhi and Wu Tong two years ago, a member of the Party Leadership Group of the Provincial Development and Reform Commission (enjoying the treatment of a deputy department) Kao Qijian was appointed as deputy mayor, with the purpose of waiting for ** - Kao Qijian is the nephew of former deputy secretary of the Provincial Committee Ji Shen Zhidai, and an authentic local cadre.

Yuwen Yan disagrees with this statement.

Yuwen Yan said that it is impossible to select cadres two years in advance. No one in the party has such qualifications and no such habits. Comrade Kaoqijian's ability to go from the Development and Reform Commission to Dianxi can only mean that he has the ability to serve as deputy mayor, but he can't serve as executive vice mayor? He also needs to be comprehensively evaluated based on work performance, work performance, etc. In this regard, he and other candidates are on the same starting line and do not enjoy priority!

Yue Zhi was so angry that his seven orifices were smoking, but Shen Chang could not resist the provincial committee secretary's plan. He pinched his nose and reluctantly agreed to the candidate recommended by Chu Tuo, namely Yao Shan.

Who is Yaoshan?

The secretary brought by Chu Tuo from the Central Plains was promoted to the deputy department-level office after landing in Dianxi. After three years of being appointed as the director of the *** Office, he was immediately promoted to deputy secretary-general.

When I was promoted from Deputy Secretary-General to the Deputy Mayor, I cannot help but admire Chu Tuo for his "reducing talents without any restrictions."

However, is Yao Shan a talent? Being deeply trusted and appreciated by Chu Tuo means that he must be an excellent secretary. However, can an excellent secretary be competent for the executive vice mayor?

The answer is no.

The most obvious fact is that after Yao Shan took office, he was immediately overshadowed by the strong and domineering Mayor Shao. Especially the finance, finance, finance, urban construction, etc., was unable to get involved. As Yao Shan served as executive vice mayor, Dianbao Urban Construction's bonds expanded from 20 billion to 90 billion, with a net debt of nearly 70 billion!

When the former executive vice mayor was in office, even if Mayor Shao slapped the beard and slapped the table and cursed him, he refused to sign the report and firmly held the debt amount to not break the bottom line of the asset amount.

What's even more terrible is that Yao Shan has little understanding of urban construction, industrial scale, investment direction, etc., so that when facing the mayor's office meeting, Mayor Shao, who was polite, could not interfere at all, and it turned into a one-man show.

The advantage is that you will get the trouble yourself. When the 18 billion urban construction bond is facing default, there is no need to say that Mayor Shao took the initiative to pack his luggage and ran to Kyoto, and he didn't talk to Yao Shan at all.

The disadvantage is that when the disaster comes, when the responsibility is held accountable, as the supervisor, Yao Shan is the unquestionable first person in charge, while Chu Tuo and Mayor Shao are only responsible for leadership.

Putting people who do not have leadership skills in key positions is undoubtedly a failure to take charge of their employment, and Yue Zhi and other members of the Standing Committee will not blame him for this.
Chapter completed!