After the scene, the two sides said it as a repair of the unhappy separation at night, and then they turned to the topic.

Wang Deng said: "Mayor Bai is racing against time to deal with the crisis and is busy with official business. We don't waste your time. Open the skylight and say something bright. Regarding the issue of Dianbao City Investment bond redemption, our ten institutional investors have learned through investigation that the possibility of percentage redemption is minimal..."

"If 100% of the payment is paid, Mayor Shao will not die in the line of duty, Jiao Zhaohua will not die, and Mayor Zhuang and I will not come." Bai Yu said.

"In view of the objective reality of Dianxicai Zheng and Dianbaozi insolvency, we have reached three consensuses," Wang Deng said. "In principle, we agree to adopt a flexible approach to suspend or postpone the redemption of some bonds, provided that Dianxicai Zhengfu must provide sufficient guarantees; second, for the delayed delay of some bonds, appropriate penalty interest shall be imposed according to the loan plus penalty interest standard; third, institutional investment creditors have the right to give priority to the acquisition of high-quality assets within the investment scope of municipal bonds, and the specific scope is the 47 municipal investment projects under construction."

Cai Jun added: "If the above three consensuses are approved by the official government, both parties must be textualized in the form of a formal agreement and publicized within a certain scope."

Bai Yu recorded it slowly and pondered for a moment: "Suspending or postponing, needless to say that the current situation is like this, it is a consensus that is not a consensus; the requirement of increasing the penalty interest can also be negotiated, after all, there are factors for risk compensation and interest resumption; I think the priority acquisition of high-quality assets is contrary to the successful resolution of the default crisis, and perhaps further negotiations are needed."

Wang Deng said: "When acquiring high-quality assets, our institutional investors will not deliberately reduce the price. They will definitely take market evaluation as the main axis. If one can easily recover one billion or two billion cash, wouldn't it be more conducive to the rigid redemption of 18 billion municipal bonds? How could it be contrary to each other?"

"Because you twelve institutional investors are staring at 18 billion, I am even more concerned about 400 billion by the end of the year. That is a bigger wave of debt peak," Bai Yu explained. "High-quality assets are sold when they are in debt. Both parties know the bargain price of ginseng. The crisis in front of me has passed. What should I do later? As a local official, we must consider the problem in general."

"If you don't deal with the 18 billion yuan, I'm afraid the problem will be even more serious?" Wang Deng sneered, "Mayor Bai said this, and we doubt the sincerity of the Dianxi Prefecture to ensure rigid repayment!"

Bai Yu said: "If you really have the sincerity to acquire the high-quality Dianxi Urban Investment project for long-term investment, you must make a promise that no transfer is allowed for three to five years. Dianxi Main Mansion is happy to see powerful financial companies participating in urban construction."

"No, no, no, we institutional investors are just short-term in and out, just a suggestion," said Wang Deng quickly shrank back - he originally planned to make a profit after a low-priced acquisition. Since Bai Yu saw through it, he could not continue to discuss it. "Back to the first consensus, regarding the suspended or delayed redemption ratio, our institutional investors unanimously agreed that it cannot be less than two-thirds, and the remaining one-third should be covered by 15 times of the assets of the municipal investment project."

"We can't afford so much money," Bai Yu sighed, "Our idea is the opposite. Two-thirds of the project will be suspended or postponed, and we will get a little bit twice the assets of the city investment project - the projects supported by Zhengfu are all high-quality assets, with sufficient coverage; one-third of the bonds ensure that the funds arrive on the same day."

"joke!"

"impossible!"

Wang Deng and Cai Jun were in the same relationship.

After a pause, Wang Jun said: "The information we have is that the official government has raised 10 billion yuan, and is preparing to ensure that the middle and lower investors repay the remaining points to institutional investors. Mayor Bai, this idea is wrong! In terms of industry influence, one of us can stand out at least dozens of small and medium-sized investors; in terms of the negative effects of suspending or delaying redemption, owing small and medium-sized investors is nothing, but we are all billions at once, and the weight is different. We solemnly suggest Mayor Bai reconsider the priority redemption plan!"

Bai Yu was extremely angry in an instant!

The redemption plan that was initially finalized last night cannot be considered a formal plan, but is only equivalent to a framework idea that needs to be implemented. It is actually clearly understood by institutional investors. If all this is the case, what secrets can there be for the internal decision of the official government?

"The two sides have good ideas, the key is that they have different positions," Bai Yu has trained debate skills and has strong professional qualities. He said calmly, "The official government should actively respond to the requirements of Kyoto to effectively protect the interests of small and medium-sized investors; you attach importance to the shock that urban bond defaults bring to the industry and financial markets. This is one of them. Secondly, small and medium-sized investors have tens of millions, and 100 million is at most 300 million, which cannot be compared with your institutional investors' large-scale investment of one billion and two billion, but it is not small for enterprises or individuals. Moreover, many of them have come from afar to participate in the urban construction and economic investment in Dianxi. They actively respond to the official government's call for active purchases. Unexpectedly, they face a default crisis and are anxious about the fact that they are 100 times or 1,000 times more anxious than institutional investors... Of course, on the issue of redemption, we cannot discuss feelings or relationships, but there must be a clear standard recognized by all parties, on this basis..."

Wang Deng said toughly: "Sorry, institutional investors do not agree with your standards - the voting rights owned by debt ratio weight. Director Cai and I are enough to reject this redemption plan!"

“The proportional issue can continue to be discussed.”

"Mayor Bai, rigid redemption of two-thirds is our bottom line. On this basis, we can discuss it by adding penalty interest rates to ensure guarantee coverage, etc.."

Bai Yu smiled and said, "I think there is a super profit for asset coverage and increased penalty interest. Why should institutional investment be concerned about the extension? The funds have to be transferred to buy municipal bonds and financial bonds. The yield is not as high as Dianxi?"

"That's not the case. It's clear that you, Dianxi, breached the contract first!" Wang Deng couldn't hide his anger and stood up, saying, "We don't plan to cross the bottom line. Please continue to study internally to see where one by one will drag and what problems can be solved!"

After saying that, he left with Cai Jun.

The two went out, and the deputy secretary-general Xun Liyuan, who was recording next to him, closed the notebook regretfully and sighed: "Then the negotiation was not completed, alas!"

Bai Yu looked at the record thoughtfully and said for a long time: "These guys have insiders, no wonder they are passive everywhere... Has Dianxi Zhengfu trained in confidentiality system? Strictly obey the council, isn't internal resolutions basic ethics for civil servants?"

Xun Liyuan said: "To be fair, Mayor Shao has been very focused on learning in the agency. He previously promised to do various training one night a week. Later, urban construction projects blossomed from all sides, and the agency cadres arranged for inspection to be inspected on the construction site before suspending their studies. I think it is not a problem of learning, but a problem that cannot withstand economic interests and temptations. These institutional investors will come to investigate quietly before purchasing large-scale urban investment bonds, and bribing core positions and key departments personnel to steal internal information, and only after seeing it correctly will they start..."

"I didn't see it correctly this time, but I just broke my hands, right?" Bai Yu said with a smile.

"According to the plan made by Mayor Shao, if it were not for a series of troubles such as urban villages to hinder the normal progress of the project, a virtuous cycle could be achieved as scheduled," Xun Liyuan said. "Mayor Shao is obviously too optimistic in this regard, while society has different views. The people may be more aware of the degree of difficulties and arrogance among urban villages. In the end, institutional investors still choose to believe in official internal information."

Bai Yu said: "Organization management also falls within the scope of executive vice mayor's management, and the work that should be taken must be taken."

Xun Liyuan said: "That's not urgent, take it slowly, the most urgent thing is institutional investors...what to do, don't let go!"

"Talk slowly, don't be in a hurry," Bai Yu lowered his head and thought, "Is there any business quality in the Urban Construction Line that is good at writing materials?"

"Oh, I made a mistake in my work, and I didn't remember to give you a secretary," Xun Liyuan blamed himself, "I think about the urban construction line..."

He muttered something and said after a while, "I honestly say that there are many excellent business qualities in the Urban Construction Line, and there are very few people who write materials. Occasionally, some have been transferred to the two offices of the Municipal Government early. At present, there are really no one who has the ability to be your secretary... Or just choose in the Urban Construction Department. There are two young cadres who are good."

Bai Yu shook his head and said, "The agency has been separated from the business line for a long time. He has good writing skills but cannot grasp the pulse of the times. There is no hurry to do this. Please inquire again."

When I walked to the small conference room next to Zhuang Jidong's office, I happened to meet the presidents coming out one after another, with unhesitation on my face.

After asking, I found out that the presidents had conflicts over the various connections between the mortgage procedures - secondary mortgages were unprecedented in Dianxi's banking industry; the ownership of urban investment projects was not to mention Dianbao Urban Investment, how the warrant department handled the mortgage freezing procedures, etc. are all problems.

Zhuang Jidong was too lazy to discuss these operation details with the presidents, and said directly that I didn’t care about risk control or internal constraints. In short, the provincial leaders knew about this. All the bank systems must open a green channel to ensure that the funds arrived on the day of redemption deadline!

The presidents have different opinions.

The president of ICBC said that risk control is the lifeline of banks, and that you cannot give the green light for this incident today, and that incident tomorrow violates rules and regulations. This will make internal personnel believe that risk control is purely artificial regulation and does not have real seriousness.

The president of the Agricultural Bank of China said that the jurisdiction of state-owned banks is in the Kyoto headquarters, and the regulatory analysis system and big data will be closely monitored, and illegal operations will be captured in a timely manner and punishment will be issued directly. There will be stains in the personnel files and information systems. At that time, the sky should not be called "the earth will not work!"

The president of the Bank of China said that the green channel will provide bad demonstrations to individual employees within the bank whose motivations are impure, and realized that they could still operate in violation of regulations. Assume that employees on several lines of defense colluded to commit crimes and suffered endless troubles!
Chapter completed!