Jiang Xiaobai looked at the information collected by Mr. Huang. Zhang Weiyi was already talking with some senior staff of Huahua Bank. Zhang Weiyi used to be the person in charge of Huahua Bank, so he was very familiar with them.

Now when we talk, there is nothing strange about it.

After reading it, Jiang Xiaobai put down the information in his hand, and Zhang Weiyi also stopped asking. After the conference room became quiet, Jiang Xiaobai looked at Mr. Huang and asked: "This means that you are still very optimistic about the mainland market, right?"

Mr. Huang nodded affirmatively: "Yes, Director Jiang, we are optimistic about the mainland market. If we can enter the mainland market, it will be a great complement to the development of our Huahua Bank."

Jiang Xiaobai nodded: "Yes, but your main business is to include loan services for small and medium-sized enterprises.

I mentioned this before..."

Jiang Xiaobai paused as he spoke and looked at Mr. Huang. Regarding the business of Huahua Bank after entering the country, Jiang Xiaobai had mentioned it to Mr. Huang before.

That is, the main business is focused on loans to small and medium-sized enterprises. This part of the business is not small. If this part of the business is done well, Huahua Bank will definitely have potential in the future.

"Yes, Lao Huang, haven't I talked to you about this before? I want you to consider this part of the business. This is a good entry point for us to enter the country." Zhang Weiyi also said.

Mr. Huang smiled bitterly when he heard this, took out a piece of information and handed it to Jiang Xiaobai and Zhang Weiyi.

"Director Jiang, Mr. Zhang, I have considered the loan business for small and medium-sized enterprises that you mentioned and conducted a detailed investigation. Here is the information. Please take a look at it first."

Jiang Xiaobai took it and looked at it. This was a copy of the bad debt rates of several banks in Shanghai, Guangdong, and several other cities after lending to small and medium-sized enterprises.

Mr. Huang saw two people looking at the information and introduced them at the same time. We selected several cities and banks in the country.

I got some figures and fined small and medium-sized enterprises. Their bad debt rate was too high. The bad debt rate of this part could even reach over 7%, or even better.

As for Huahua Bank's normal credit, if the bad debt rate exceeds 1%, it is considered high, so this aspect makes Mr. Huang very worried.

The more Zhang Weiyi looked at it, the more frightened he became. The percentage of bad debts seemed to be nothing.

But you must know that this 7% bad debt rate is equivalent to almost one loan out of ten loans that cannot be recovered.

These loans are not mid- to long-term loans, but short-term loans. If the loan is recovered, you will not earn much in interest, but if you cannot recover a loan, you will really suffer a big loss.

"Director Jiang, the bad debt rate is indeed a bit high." Zhang Weiyi said.

Mr. Huang also looked at Jiang Xiaobai. He knew that Jiang Xiaobai was very optimistic about the loan business of this small and medium-sized enterprise and wanted to use this as an entry point or even the main business. However, after the investigation, he was a little scared.

"Yes, that's right, the bad debt rate is indeed very high. In some small places, the bad debt rate is even doubled." Jiang Xiaobai said.

These data should have been obtained by Mr. Huang from some channels through his own connections. This is not confidential data, it is just a rough statistic that many people in the industry know.

There are no depositor secrets involved.

"But you got one thing wrong, that is, the enterprises in this data are state-owned enterprises, not private enterprises," Jiang Xiaobai said with a smile.

The bad debt rate of state-owned enterprises has never been a secret in China. It is only known to individuals. In many cases, it is simply high.

For some state-owned enterprises, they simply do not have the ability to repay the loans, so they can only get the money if the local government comes forward to provide guarantees.

It is indeed difficult for banks to recover loans from state-owned enterprises, and they are not able to seize other companies and auction their belongings.

Just kidding, some state-owned enterprises are struggling to survive. If you try it, it will give workers a place to eat.

Everyone knows that loans from state-owned enterprises are a mess. As long as they are given to state-owned enterprises, there is often no hope of getting them back.

But if you say you won't grant a loan, sometimes there really is nothing you can do. The place is looking for you every day, and it won't work if you don't grant a loan. It's like this in every place. What should you do if you don't grant a loan? Why don't you open it?

Anyway, it’s just a mess, the meat rotted in the pot, so I just ignore it most of the time.

Of course, there are also some people who got loans because of personal relationships. Anyway, the things here are very complicated and cannot be explained clearly in three or two sentences.

It's not Jiang Xiaobai's business, he just needs to take care of Huahua Bank.

After Jiang Xiaobai's reminder, Zhang Weiyi suddenly understood: "Old Huang, is this data you collected provided by the bank to state-owned enterprises?"

"I don't know. We can't get the specific loan recipients and the bank's confidential information yet." Mr. Huang was also a little embarrassed. He seemed to have made an own mistake.

He had heard about the difference between state-owned enterprises and private enterprises in China, but he didn't know the specific differences. Isn't this the difference between state-owned and private enterprises?

They all lend to banks, is there any difference? Anyway, the bad debt rate remains high, so this data is there.

When Jiang Xiaobai saw that Mr. Huang still looked confused, he knew that Mr. Huang didn't understand the key to the matter at all.

So he asked with a smile: "Do you think that part of this bad debt rate should be attributed to private enterprises?"

Mr. Huang nodded, and Zhang Weiyi said with a wry smile: "Old Huang, you are wrong. You don't understand the domestic situation at all. I dare say that the bad debt rate is most of it, 80%, or even 10%."

Ninety, ninety-five percent should be attributed to state-owned enterprises."

Mr. Huang’s eyes widened, and Zhang Weiyi further explained: “Because private enterprises rarely get bank loans in China, even if they do, they don’t have the ability to go bad.
Chapter completed!