Chapter 5044: Collective Wisdom

The CEO of China United Commercial Bank turned green.

All the people outside were applauding and telling each other about it, which was a great joy, but at this moment, their hearts were cold. For the common people, what they saw was that the country was finally going to take real action against real estate developers.

This "White Paper on China's Housing Quality" was previously launched by Lin Feng, in conjunction with several real estate developers. Although Lin Feng's influence was used to get all real estate developers to join and implement this standard. However, this is not the government's after all, it is non-standard, and without government support, it is always a bit unjust and unsound. Now that the government supports it and lists it as a national standard, all real estate developers must follow this in the future. Isn't this a good thing!

For the common people, it is naturally a good thing! In this way, they can live in good houses in the future. This is naturally a good thing that everyone celebrates.

But for the CEO of China United Commercial Bank, they see farther than these common people. This national policy is not coming later or earlier, but it is coming at this time. Isn't this going to cost lives? Although Lin Feng made a guarantee, they could foresee that the local governments would strictly check the quality of houses after the national policy was implemented. According to the standards of the "White Paper on China's Housing Quality", all the houses under construction on the market are unqualified, and the houses that have been built are also unqualified. The houses under construction may be rectified, but how to rectify the houses that have been built? If they want to rectify, they can only tear them down and start over.

If that happens, these real estate developers will be in trouble. It can be said that their funds have all been invested in these real estate projects, waiting to sell them and make money. But now they can't sell them. Then their funds will be frozen. Now not only are they not allowed to sell them, but they have to tear them down and rebuild them. It can be said that this policy is a death warrant for these real estate developers. What awaits them will be bankruptcy.

Because they have no money to rebuild, and even if they rebuild, there are no ordinary people buying houses now, what can they do? So, bankruptcy. That's their end. Of course, if the mainland allows bankruptcy.

And if these real estate developers go bankrupt, then the "China United Commercial Bank" will also go bankrupt because it cannot pay such a large amount of funds. You know, if all these buildings are pushed down, I'm afraid they are not even worth 1 trillion. They have to pay 14 trillion yuan in compensation, and the total assets of the entire "China United Commercial Bank" and the entire 28 banks are only 3 trillion. How to compensate for the remaining 11 trillion? Under normal circumstances, the only choice is bankruptcy. But. Now that there is Lin Feng's guarantee, it is completely different. This naturally has to be compensated by Lin Feng.

Although. Lin Feng did not sign any agreement, but only made a verbal promise. But don't forget that Lin Feng's credibility is at the "S" level in international credit rating agencies. The only "S" level credibility in the world. Lin Feng's promise is basically what he said. Since he made a public promise, if "China United Commercial Bank" cannot pay, then Lin Feng must pay as a guarantor.

Unless,

Lin Feng breaks his promise. And the cost of Lin Feng breaking his promise is too high. I'm afraid that all of Lin Feng's companies will suffer heavy losses. The cost is not much better than paying off this batch of loans.

"Mr. Lin, I'm sorry, I'm afraid we harmed you this time!" Many CEOs felt guilty. This time, it was their persuasion that made Lin Feng come forward to bear the compensation. But they didn't expect that all this was a plan from above, and they were waiting for Lin Feng to come forward.

The common people can't see it, can't they see it! If the above had not planned it in detail and had already made plans, how could it be possible that Lin Feng announced that he would bear the compensation responsibility and then a policy was issued. You know, this is not a private company. After the chairman decides on something, he can do it immediately. This is a government policy, which requires a meeting to discuss. It needs to be announced after all parties weigh the pros and cons before it can be announced.

Now it is clear that it is a setup. They naturally feel guilty.

"Haha, why do you have to apologize! Even if you don't persuade me, I will come forward!" Lin Feng laughed and waved his hand, looking indifferent, "In your opinion, this is a crisis, but in my opinion, this is also an opportunity!"

Opportunity? Many bank CEOs were surprised.

"Yes, it's an opportunity. You may think that I will lose everything. But don't forget that there is one thing that is most critical. That is, no matter whether I can compensate or not, this policy has been introduced and cannot be taken back. Then the quality of houses will be implemented in accordance with the "White Paper on China's House Quality". For ordinary people, that is a good thing." Lin Feng said with a smile.

Many CEOs thought about it and nodded. Indeed, from the perspective of ordinary people, this is a good thing. But Lin Feng is at a disadvantage, and he is at a disadvantage. Can he bear it?

"Don't worry, let me solve it!" Lin Feng said confidently, "It's not that easy to bring down Lin Feng with this conspiracy!"

"Okay, Mr. Lin, we will advance and retreat with you. Tell me, what should we do next?" All the CEOs shouted loudly. At this moment, under the pressure of many outside forces, they really worked together for the first time and decided to advance and retreat together.

Before this, they came together only because of interests, because the oppression of the four major banks made them each have no future. Therefore, they united under Lin Feng's call. But everyone also has their own interests, and is also thinking about how to fight for power and profit in this "China United Commercial Bank" in the future. Although it has just been established, where there are people, there are rivers and lakes. They have so many banks united, and naturally they have to plan for themselves.

Although everyone distributes the benefits according to the proportion of shareholding, don't forget that if you are in an important position, you can also make more profits for yourself. But now, facing the huge oppression from the outside world and the situation that all banks may go bankrupt, they really united around Lin Feng for the first time.

"The first thing we have to do now is to attract as many deposits as possible. We need funds, the more funds the better. In addition, the four major banks owe us 3 trillion yuan, and they need them to pay us quickly. Otherwise, not only will our funds not be enough for investment, but even our own operations will become a problem!" Lin Feng ordered.

Then, many CEOs immediately got busy. Some people went to the four major banks to collect debts, which was quite smooth. For the four major banks, this time, Lin Feng fell into such a big trap, with tens of trillions of bad debts, so they naturally would not embarrass Lin Feng and his team on the 3 trillion. After all, at this time, it would be a bit unreasonable to embarrass them, and it would be easy for Lin Feng to catch them and take the opportunity to put some shit pots on them, which would not be cost-effective.

Therefore, many CEOs said that the money would arrive within a week as soon as they went there. Guaranteed no delay.

As for the other group of people, they went to attract deposits. This is also simple. As long as they advertise more, introduce more banking services to residents, and introduce this "Fengshen Venture Capital Fund", most people will be attracted with a 15% return in the first year. After all, the interest rate is too high, and it is a guaranteed bottom line, unlike some investment and financial products, which sound like the interest rate is high, but there is no guarantee, and the money is not much.

Now, this is a guaranteed return, which is naturally very cost-effective. Of course, no matter how much deposits are collected, the funds of residents are limited, and it is impossible for everyone to invest all of themselves in the "China United Commercial Bank". Especially for the rich, they will not act rashly at this time. After all, their money will not be thrown into the "China United Commercial Bank" that is in danger at this time. So, there is not much room for further deposits.

However, there is no domestic help, but Lin Feng still has friends abroad!

"Donald, how do you think the Chinese people will choose?" Secretary of State Hillary asked President Trump.

"Hillary, I don't know how the Chinese people will choose, but I know one thing, Lin Feng will never fail. The nickname of the God of Wind is not in vain! Of course, we must do our best to help him. 15 trillion, this amount of money is indeed huge. Contact the Federal Reserve to see if they are willing to help!" President Donald Trump said loudly.

"15 trillion RMB! Lin Feng, I can't help you with anything, but I will try my best to persuade Italian banks to help you raise funds!" Italian Prime Minister Berlusconi muttered.

"Inform the presidents of all the major French banks to come to a meeting to hold an emergency meeting on whether to support Lin Feng!" French President Sarkozy ordered.

"Grandma, should we help Lin?" Prince William pleaded at Buckingham Palace in the UK.

"Help him? I will talk to Prime Minister Blair and see what his attitude is!" Queen Elizabeth thought for a while and said slowly.

"Lin Feng, we will do our best to help you!" Ellison, Li Zekai, Zong Qinghou and others promised.

Lin Feng's friends and friendly countries all expressed this. Among them, Dubai Sheikh Hamdan was the most enthusiastic.

"If my brother Lin needs funds, all the funds in my Dubai treasury are at Lin's disposal. 15 trillion RMB, my family can't afford that much, but half of it is no problem!" Chief Hamdan said proudly, "And if necessary, I will use the entire Dubai as collateral to borrow money from the Middle East oil tycoons to raise funds for Lin Feng. So, Chinese friends, please believe in your Fengshen, he will definitely do what he promised!"

.

Many of Lin Feng's friends took action, and at this time, they must support Lin Feng.

"You draw the way, then we will have fun!" Lin Feng finally took action. To be continued...

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