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Chapter Face-to-face Accountability

The inspection site did not end until after three o'clock in the morning. When he returned to the municipal government compound, Zhuang Jidong's office was still on and on, he didn't expect that he was still working nervously.

As soon as he entered the door, Yin Yong followed in after his feet and said stutteringly:

"Mayor Zhao, Mayor Han, and Mayor Men are all very concerned about the negotiation progress of institutional investors. There are two days left. If they don't obtain their understanding and cooperation, 10 billion is not enough. Mayor Bai..."

Bai Yu said: "I know that comrades are very anxious, and I am anxious, but they can't put them on their faces, otherwise they can't talk. We want to postpone the issue, and then postpone it. People want to increase interest rates and get more high-quality assets. There is no fundamental difference between the two sides. It is possible to talk about it, but it is just a matter of timing. Those who engage in finance have learned the essence of American tactics. They like to put extreme pressure on them. They have to delay the negotiations until the last moment to force us to make greater concessions. Then they will accompany them to the end."

"But we... we can't afford to play," Yin Yong was so anxious that he sweated on his forehead. "The 8 billion yuan fund gap, even if you lose a penny, it will be a breach of contract. Don't think about borrowing money in the future. There are still hundreds of billions to pay back!"

"That's tens of billions," Bai Yu waved his hand, "I have contacted a large consortium to agree to purchase it in packages. The interest rate for the five-year term of renewal is still maintained at the same level in the market. So the problem is only 18 billion. What are the comrades afraid of?"

The phone rang on the table, and Bai Yu took the opportunity to finish the conversation and picked up the microphone. It turned out that it was from the Korean Party Committee, saying that after the announcement of the official government to suspend the overall relocation of Diansong Chengzhong Village was issued, a large number of residents who had moved out went to the Chengzhong Village to raise banners and demanded their relocation. Thousands of people have gathered, and the public security pressure is quite high.

Bai Yu said: "Relocation? Yes, if you return the compensation in full, you are allowed to move back, and the main mansion will not stop you."

Han Wen said: "The problem is that the houses that were vacant were destroyed to varying degrees. They asked to restore the houses or they would not be able to live in..."

"Whoever destroys will recover, the official government will not be responsible!"

"I'm not responsible... They are making trouble if they are not willing to give in!" Han Wei said laughing and crying.

"How to sign the relocation agreement? Are you allowed to renege?" Bai Yu then said sternly, "Legal theory: they signed the agreement and received compensation, and the house has been returned to the official palace. Why should they move back?! The public security pressure is high, how can it be great? Illegal gathering people to cause trouble, and the warning is invalid three times and they are arrested! The Dianxi Detention Center is not enough to be escorted to Bizun, the provincial capital, otherwise would the police have a good meal?"

Unexpectedly, Bai Yu suddenly turned against him. Han Weng was very uninterested and said repeatedly: "Okay, okay, I will notify the police officers to take decisive measures."

I sat down and rummaged through the urban construction project information for a while, and looked at it, and finally couldn't stand the sleepiness on the table and fell asleep.

Suddenly I woke up from the messy dream. When I looked up, I saw that the sky was white outside. Oh, it was only two days before the rigid redemption of 18 billion municipal bonds!

Since the night before yesterday, although Zhuang and Bai have not made any clear understanding, they basically have a tacit understanding of their labour: Zhuang Jidong is responsible for putting pressure on banks and state-owned assets systems and raising money; Bai Yu is responsible for surveying urban construction projects and negotiating institutional investors.

Bai Yu doesn’t have to worry about how to raise 10 billion, and Zhuang Jidong doesn’t have to ask how many of the 47 projects were cut, how much they sold, and how to talk to institutional investors.

The secretary of the Comprehensive Department brought breakfast and asked for instructions on what arrangements were made in the morning, whether a vehicle was needed, etc. Bai Yu kindly said that it was okay for the time being, so you can go and do it.

While eating, I looked at the materials. Someone knocked on the door after eight o'clock: two institutional investors, Wang Deng and Cai Jun, visited three times.

"Please sit down, have you had breakfast?" Bai Yu greeted warmly, and sat down with them in the reception area. The secretary of the Comprehensive Department cleverly brewed two cups of tea to bring it over.

The three of them exchanged simple and polite greetings with smiles on their faces, and then got back to the point.

"Last night, we had a meeting and discussed it until the night, and the debate was very fierce," Wang Deng said. "The final majority of the opinions were agreed to continue to make concessions based on the last time to cooperate with Dianxi Zhengfu to do a good job in the redemption of municipal bonds."

Cai Jun continued: "There are two specific points: one is that the cash amount has dropped from two-thirds to three-fifths, which is about 8 billion; the other is that the interest rate is increased to 8% within the extension period. We unanimously feel that in order to accelerate the operation of funds, it is not suitable to take over or participate in the commercial operation of urban construction projects."

"There are two days left. To be precise, the operation time is only 16 hours! We really hope to reach an agreement as soon as possible to give peace of mind to all walks of life in Dianxi, the bosses who are looking forward to us." Wang Deng emphasized.

After thinking for a little while, Bai Yu said: "First of all, I am grateful to institutional investors for their understanding and concessions in the dilemma of Dianxi. A penny stumped the hero, and now it is a true portrayal of the official residence of Dianxi. But I am sorry to say that such requirements are very different from the current actual repayment ability. I think both sides need to take a more flexible and realistic attitude..."

Wang Deng said disappointedly: "Mayor Bai, this is the minimum condition we can come up with. In fact, there are several strong opponents. They reluctantly accept it because the minority agreed in advance obeys the majority. If the official government's requirements are too much, institutional investors will face differentiation, and there is no way to negotiate with someone at that time!"

"And Mayor Bai asks us to make concessions every time. No matter what conditions are required, this is not enough, and that is impossible. However, we have not discussed the specific plan for a long time. We are disappointed with Mayor Bai's passive and negligent attitude." Cai Jun said.

"No, no, you two misunderstood!"

Bai Yu said, "Don't you already know my plan? 5 billion guarantees small and medium-sized investors to repay; 5 billion guarantees the other 5 billion to institutional investors, and the remaining part will be negotiated and resolved... Interest rates can be negotiated, or other methods can be taken. If I haven't explained it clearly before, I am deeply sorry for my expression level."

He only apologized for his level of expression, and it had nothing to do with the plan.

Wang Deng's attitude began to become tough: "That is to say, we have worked hard for a day and a night, and the concession conditions we proposed were not in the eyes of Mayor Bai at all? 5 billion or 5 billion, and we don't give in a penny?"

"I'm really sorry, there are more than 18 billion people in front of me, and there is a bigger peak in the future - 40 to 50 billion city bonds." Bai Yu said.

Cai Jun blurted out: "Mayor Bai, don't fool us. Didn't you contact a large consortium to buy it in packages?"

Bai Yu's face sank, he got up and walked quickly to the desk, picked up the phone and shouted: "Call Yin Yong over here, immediately!"

Wang Deng glared at Cai Jun fiercely, and Cai Jun also knew that his mistake was flushed and anxious to make up for it:

"I, I... I heard that Mayor Bai, don't mind!"

Bai Yu ignored Yu at all, stood at the desk with a cloudy face, waiting for Yin Yong to come in quickly, pointed at him and shouted:

"At around 3 o'clock last night, I only told you that a large consortium packaged acquiring municipal bonds. How could the two institutional investor representatives know? What a guess? What a fool? Then why don't you talk about the acquisition of investment banks, securities companies, and trust companies, and in the packaging method? You honestly explain it!"

After Yin Yong took the risk of spreading the news, he also guessed that Bai Yu might pursue it, but he didn't expect that he would take such a rough and direct approach, which was simply... so he had no room for turning around and maneuvering!

Because even if you inform the enemy, it’s nothing at the deputy department level leadership level. Who doesn’t have relatives and friends, and who doesn’t have connections in society?

"Um..." Yin Yong apologized, "Mayor Bai gave me a reassurance last night. After hearing this, I was very happy to return to the office to blow the comrades who were working overtime. The excessive number of people may be heard by Mr. Wang and other institutional investors..."

"Call everyone present last night, I want to see who said it!" Bai Yu said.

Yin Yong said: "If Mayor Bai wants this, we can't work! You didn't emphasize confidentiality when you told me in person. Besides, it is impossible to keep it confidential in the circle forever. Sooner or later, institutional investors will know why Mayor Bai is so petty?"

Wang Chong also stood up and said, "Mayor Bai is afraid that he will blame us for stealing information? On the issue of 18 billion municipal bond redemption, our institutional investors are in a weak position and have no trump card to play, so I hope the official government will treat each other with sincerity instead of hiding something here and tucking something there! Now the countdown is coming to the redemption period, I beg Mayor Bai to put the overall situation first!"

Bai Yu smiled coldly: "Can't work, right? Then don't work!" After that, he picked up the phone again, "Mayor Zhuang, considering that Comrade Yin Yong violated the Civil Service Management Regulations and Confidentiality Regulations, I propose to suspend all his work!"

"Wait!" Yin Yong said angrily, "Bai Yu, you can't do this!"

"Wait!" Zhuang Jidong also said on the phone, "I'll go there right away!"

Wang Chong knew that the momentum was wrong, so he pulled Cai Jun up and said, "In this atmosphere, there is no way to talk about it. If you breach the contract, just breach the contract. We will go back at noon and we can't take much care of it!"

After saying that, he left to avoid the embarrassing scene of the three parties confronting each other after Zhuang Jidong arrived.

Zhuang Jidong is also a wonderful person. He said he arrived soon but did not show up for a long time, so he asked Bai Yu and Yin Yong to continue to confront each other.

Since his face was torn apart, Yin Yong no longer cared about it and sneered: "I remind Mayor Bai that Dianxi is not Bi Zun, and you are not a *** book plan. An executive vice mayor wants to suspend the head of the official office in one sentence, which is not as easy as you think!"

Bai Yu calmly said, "I also remind you that if you may not be able to do it normally, but there are only 15 hours left before the deadline for redemption. I have to agree to anything I say! Don't believe it? I allow you to call for help now, and you can give it to anyone."

How could Yin Yong call in front of him and say, "What kind of help do you ask for? I, Yin Yong, have worked in the official office for more than ten years and have made silent contributions to the people of Dianxi. This is my strongest support!"

"The contribution is to inform and rush out, and leak the plans that comrades have worked hard to study to external personnel? I didn't ask for confidentiality, but do you need to ask for such a thing? You don't have the awareness of party members and leading cadres?" Bai Yu said, "You can still choose to call the person who participated in the leak last night. As long as you don't contact the institutional investors directly, you can let you go."

"You are not up to you to let go or not!" Yin Yong was willing to give it up anyway. "I am a department-level cadre appointed by the Dianxi Municipal Party Committee and filed with the Provincial Organization Department. To put it bluntly, I was guided by you in business, but you can't touch me any hair in personnel!"

Bai Yu said: "I am not used to saying harsh words, but I will not take back what I say casually. Comrade Yin Yong, please be prepared to accept the organization's investigation!"

Worker official account.Search: Outside the pavilion. The literature on the rain. House

“What organization investigation?”
Chapter completed!
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