Chapter 701
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When one of Jianing's creditors, American Xinfu bank, applied to Xiangjiang high court to liquidate Jianing and passed it, it rose like a rocket and the once prominent kingdom of Jianing officially collapsed.
This also means that the business myth created by Chen Songqing, who can be called the second highest string in the eyes of many people, has been shattered.
Gao Xian is the only one. Others can't copy it.
The scope and complexity of Jianing commercial fraud are beyond imagination.
Take the Golden Gate Building transaction, which has set up a gold lettered signboard with strong financial resources for Jianing, which is a case in the case. Jianing's approximately one billion yuan from Jardine's purchase of the Golden Gate building mainly came from the illegal loans of Yumin finance, which naturally did not truthfully disclose the source of funds; The Golden Gate building was transferred and sold to the Baining Shun Group of Lin Xiufeng and Lin Xiurong brothers at a price of about 1.6 billion. It never really completed the transaction, but it was included in the paper income. The fishy inside is that Lin Xiufeng and Lin Xiurong brothers can't escape legal responsibility.
Therefore, no matter how fast the liquidation of Jianing can be completed in a month, it is estimated that even the initiator Chen Songqing can not sort out the bad debts there.
Therefore, many creditors, including more than 70 banks and financial companies, set up a liquidation committee and begged Gao Yi to act as the liquidator.
The meaning of this is not simple. Without authority and trust, it is incompetent, but time-honored brands such as Huifeng and Standard Chartered have been ignored.
For the door-to-door business, Gao Xian didn't need to push it out, so he readily took it down, but he didn't need to be hands-on, and ye Licheng went to make a public appearance.
"Boss, I heard that many people should unite to investigate the responsibility of financial consultants, lawyers and accountants who provide fraudulent documents for Jianing commercial fraud." Ye Licheng asked for instructions: "what attitude should we take?"
Gao Xian smiled. "I'm glad to see it, but it depends on legal procedures and the police to investigate. Our ability is to help do a good job in liquidation."
The commercial fraud case in Jianing has really harmed a large number of people, especially the tens of thousands of stock holders in Jianing, who have lost all their money and have nothing to say in law. If you want to recover some losses, you can only think of another way.
However, the Jianing commercial fraud case has caused and is still causing personnel unrest in the central financial circle of Xiangjiang. As far as obtaining Duoli is concerned, the relevant responsible persons have fled to the UK. It is unclear whether Xiangjiang will be prosecuted and how effective the prosecution will be.
Ye Licheng, who knows a lot, went to launch the specific work on the liquidation of Jianing. Gao Xian continued the research activities on the international financial situation that have been going on these days. By the way, its media attention has been robbed by Jianing commercial fraud.
Because of this, in the open discussion session, someone asked Sir Gao's views on the commercial fraud case in Jianing.
Gao Xian answered lightly, "the commercial fraud case in Jianing has been exposed, and Xiangjiang's financial system still needs to be improved."
"For example, after Chen Songqing successfully manipulated the stock price of the first series of Jianing, he used the falsely high price of the first series of shares of Jianing to apply for bank loans, and even applied for loans many times. The reason why he succeeded many times lies in asymmetric information and inadequate supervision."
After saying a lot without pain or itch, Gao Xian began to carry private goods and said: "Real estate investment accounts for a large proportion in the operation of Jianing, and the funds involved are estimated to be more than 6 billion. Now the exposure of commercial fraud in Jianing may have become a inducing factor, announcing that Xiangjiang real estate industry, which originally belongs to the downward cycle of the market, has collapsed. All real estate companies should be prepared for the winter, and even those banks that lend too much to the real estate industry should be prepared Get ready! "
The words were not dry, but there was a lot of information, and the spirit of the people was boosted.
You know, at this stage, the cooling situation of Xiangjiang's real estate industry is obvious to all, but a person as big as Gao Xian pointed out that the collapse of Xiangjiang's real estate industry is the first time.
Some brave people joked: "should happy industry be ready for the winter?"
"Of course, happy industry is no exception." Gao Xian smiled without objection. "However, happy industry has operated very steadily in the period of economic overheating in the past few years and will not be frozen by the cold winter of the economy. In contrast, those companies with radical expansion are really dangerous."
Some people who know the business trends of Xiangjiang quickly think of Jardine. Jardine alone spent more than HK $10 billion on the bidding and development of the new central Diwang. If this is not radical expansion, there will be no radical expansion company.
Someone asked curiously, "will Gaoyi rating give a downgrade warning to those companies seriously dragged down by the recession of the real estate industry?"
"Your thinking is very rigorous. Yes, those companies seriously dragged down by the recession of the real estate industry, not just real estate companies." after praising the students who stood up and asked questions, Gao Xian said cleanly: "Gaoyi rating will strive to do its part, assess the risk for investors and give a rating that reflects the real business status as accurately as possible."
……
Gao Xian's statements were soon moved to the newspaper by the media. At this time, in addition to the collapse of Xiangjiang real estate industry, many companies began to be restless.
The truth is clear. The power of Gaoyi's iron teeth has just been tested.
After Jianing, which was very popular for a time, was downgraded to "CC" by Gaoyi, its commercial fraud was soon known to all, which further verified the authority of Gaoyi rating.
In the treacherous capital market, who doesn't want such a light to illuminate a clear road.
But from the perspective of investors, to those companies with serious business problems, the attitude towards Gaoyi rating is afraid.
The first one to bear the brunt was Jardine, and he was almost flustered.
After the east window incident in Jianing, there was no doubt that many real estate projects cooperated by Jardine and Jianing gave up halfway, especially the Meihua Hotel flank project, which cost up to HK $2.8 billion. Jardine accounted for a quarter of it, that is, HK $700 million. It was not fun. Now it has become a mess. Can you worry about it.
Especially since the family knows their own affairs, the real debt level of Jardine can not be clearer than executives such as Niu Bijian, Jardine's boss, and Bao Fuda, the manager. Moreover, the increase in interest rates in Xiangjiang banking began to make Jardine a little difficult to breathe.
Niu Bijian and Bao Fuda discussed whether Jardine's rating would be lowered by Gaoyi rating for personal revenge, which would trigger a series of uncontrollable drastic changes in the situation. The conclusion was that Gaoyi rating would certainly take personal revenge. I didn't see that Jianing fell into the clutches of Gaoyi rating before.
Now that there is a conclusion, how to deal with it? Niu Bijian and Bao Fuda have big eyes and little to do. It seems that they can only honestly wait for the judgment of Gaoyi rating.
Niu Bijian suddenly regretted that he had known that the economic situation had deteriorated to such a degree that the big ones might not take it all. He did not plan to win the new king of central a few months ago.
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When one of Jianing's creditors, American Xinfu bank, applied to Xiangjiang high court to liquidate Jianing and passed it, it rose like a rocket and the once prominent kingdom of Jianing officially collapsed.
This also means that the business myth created by Chen Songqing, who can be called the second highest string in the eyes of many people, has been shattered.
Gao Xian is the only one. Others can't copy it.
The scope and complexity of Jianing commercial fraud are beyond imagination.
Take the Golden Gate Building transaction, which has set up a gold lettered signboard with strong financial resources for Jianing, which is a case in the case. Jianing's approximately one billion yuan from Jardine's purchase of the Golden Gate building mainly came from the illegal loans of Yumin finance, which naturally did not truthfully disclose the source of funds; The Golden Gate building was transferred and sold to the Baining Shun Group of Lin Xiufeng and Lin Xiurong brothers at a price of about 1.6 billion. It never really completed the transaction, but it was included in the paper income. The fishy inside is that Lin Xiufeng and Lin Xiurong brothers can't escape legal responsibility.
Therefore, no matter how fast the liquidation of Jianing can be completed in a month, it is estimated that even the initiator Chen Songqing can not sort out the bad debts there.
Therefore, many creditors, including more than 70 banks and financial companies, set up a liquidation committee and begged Gao Yi to act as the liquidator.
The meaning of this is not simple. Without authority and trust, it is incompetent, but time-honored brands such as Huifeng and Standard Chartered have been ignored.
For the door-to-door business, Gao Xian didn't need to push it out, so he readily took it down, but he didn't need to be hands-on, and ye Licheng went to make a public appearance.
"Boss, I heard that many people should unite to investigate the responsibility of financial consultants, lawyers and accountants who provide fraudulent documents for Jianing commercial fraud." Ye Licheng asked for instructions: "what attitude should we take?"
Gao Xian smiled. "I'm glad to see it, but it depends on legal procedures and the police to investigate. Our ability is to help do a good job in liquidation."
The commercial fraud case in Jianing has really harmed a large number of people, especially the tens of thousands of stock holders in Jianing, who have lost all their money and have nothing to say in law. If you want to recover some losses, you can only think of another way.
However, the Jianing commercial fraud case has caused and is still causing personnel unrest in the central financial circle of Xiangjiang. As far as obtaining Duoli is concerned, the relevant responsible persons have fled to the UK. It is unclear whether Xiangjiang will be prosecuted and how effective the prosecution will be.
Ye Licheng, who knows a lot, went to launch the specific work on the liquidation of Jianing. Gao Xian continued the research activities on the international financial situation that have been going on these days. By the way, its media attention has been robbed by Jianing commercial fraud.
Because of this, in the open discussion session, someone asked Sir Gao's views on the commercial fraud case in Jianing.
Gao Xian answered lightly, "the commercial fraud case in Jianing has been exposed, and Xiangjiang's financial system still needs to be improved."
"For example, after Chen Songqing successfully manipulated the stock price of the first series of Jianing, he used the falsely high price of the first series of shares of Jianing to apply for bank loans, and even applied for loans many times. The reason why he succeeded many times lies in asymmetric information and inadequate supervision."
After saying a lot without pain or itch, Gao Xian began to carry private goods and said: "Real estate investment accounts for a large proportion in the operation of Jianing, and the funds involved are estimated to be more than 6 billion. Now the exposure of commercial fraud in Jianing may have become a inducing factor, announcing that Xiangjiang real estate industry, which originally belongs to the downward cycle of the market, has collapsed. All real estate companies should be prepared for the winter, and even those banks that lend too much to the real estate industry should be prepared Get ready! "
The words were not dry, but there was a lot of information, and the spirit of the people was boosted.
You know, at this stage, the cooling situation of Xiangjiang's real estate industry is obvious to all, but a person as big as Gao Xian pointed out that the collapse of Xiangjiang's real estate industry is the first time.
Some brave people joked: "should happy industry be ready for the winter?"
"Of course, happy industry is no exception." Gao Xian smiled without objection. "However, happy industry has operated very steadily in the period of economic overheating in the past few years and will not be frozen by the cold winter of the economy. In contrast, those companies with radical expansion are really dangerous."
Some people who know the business trends of Xiangjiang quickly think of Jardine. Jardine alone spent more than HK $10 billion on the bidding and development of the new central Diwang. If this is not radical expansion, there will be no radical expansion company.
Someone asked curiously, "will Gaoyi rating give a downgrade warning to those companies seriously dragged down by the recession of the real estate industry?"
"Your thinking is very rigorous. Yes, those companies seriously dragged down by the recession of the real estate industry, not just real estate companies." after praising the students who stood up and asked questions, Gao Xian said cleanly: "Gaoyi rating will strive to do its part, assess the risk for investors and give a rating that reflects the real business status as accurately as possible."
……
Gao Xian's statements were soon moved to the newspaper by the media. At this time, in addition to the collapse of Xiangjiang real estate industry, many companies began to be restless.
The truth is clear. The power of Gaoyi's iron teeth has just been tested.
After Jianing, which was very popular for a time, was downgraded to "CC" by Gaoyi, its commercial fraud was soon known to all, which further verified the authority of Gaoyi rating.
In the treacherous capital market, who doesn't want such a light to illuminate a clear road.
But from the perspective of investors, to those companies with serious business problems, the attitude towards Gaoyi rating is afraid.
The first one to bear the brunt was Jardine, and he was almost flustered.
After the east window incident in Jianing, there was no doubt that many real estate projects cooperated by Jardine and Jianing gave up halfway, especially the Meihua Hotel flank project, which cost up to HK $2.8 billion. Jardine accounted for a quarter of it, that is, HK $700 million. It was not fun. Now it has become a mess. Can you worry about it.
Especially since the family knows their own affairs, the real debt level of Jardine can not be clearer than executives such as Niu Bijian, Jardine's boss, and Bao Fuda, the manager. Moreover, the increase in interest rates in Xiangjiang banking began to make Jardine a little difficult to breathe.
Niu Bijian and Bao Fuda discussed whether Jardine's rating would be lowered by Gaoyi rating for personal revenge, which would trigger a series of uncontrollable drastic changes in the situation. The conclusion was that Gaoyi rating would certainly take personal revenge. I didn't see that Jianing fell into the clutches of Gaoyi rating before.
Now that there is a conclusion, how to deal with it? Niu Bijian and Bao Fuda have big eyes and little to do. It seems that they can only honestly wait for the judgment of Gaoyi rating.
Niu Bijian suddenly regretted that he had known that the economic situation had deteriorated to such a degree that the big ones might not take it all. He did not plan to win the new king of central a few months ago.
When one of Jianing's creditors, American Xinfu bank, applied to Xiangjiang high court to liquidate Jianing and passed it, it rose like a rocket and the once prominent kingdom of Jianing officially collapsed.This also means that the business myth created by Chen Songqing, who can be called the second highest string in the eyes of many people, has been shattered.Gao Xian is the only one. Others can't copy it.The scope and complexity of Jianing commercial fraud are beyond imagination.Take the Golden Gate Building transaction, which has set up a gold lettered signboard with strong financial resources for Jianing, which is a case in the case. Jianing's approximately one billion yuan from Jardine's purchase of the Golden Gate building mainly came from the illegal loans of Yumin finance, which naturally did not truthfully disclose the source of funds; The Golden Gate building was transferred and sold to the Baining Shun Group of Lin Xiufeng and Lin Xiurong brothers at a price of about 1.6 billion. It never really completed the transaction, but it was included in the paper income. The fishy inside is that Lin Xiufeng and Lin Xiurong brothers can't escape legal responsibility.Therefore, no matter how fast the liquidation of Jianing can be completed in a month, it is estimated that even the initiator Chen Songqing can not sort out the bad debts there.Therefore, many creditors, including more than 70 banks and financial companies, set up a liquidation committee and begged Gao Yi to act as the liquidator.The meaning of this is not simple. Without authority and trust, it is incompetent, but time-honored brands such as Huifeng and Standard Chartered have been ignored.For the door-to-door business, Gao Xian didn't need to push it out, so he readily took it down, but he didn't need to be hands-on, and ye Licheng went to make a public appearance."Boss, I heard that many people should unite to investigate the responsibility of financial consultants, lawyers and accountants who provide fraudulent documents for Jianing commercial fraud." Ye Licheng asked for instructions: "what attitude should we take?"Gao Xian smiled. "I'm glad to see it, but it depends on legal procedures and the police to investigate. Our ability is to help do a good job in liquidation."The commercial fraud case in Jianing has really harmed a large number of people, especially the tens of thousands of stock holders in Jianing, who have lost all their money and have nothing to say in law. If you want to recover some losses, you can only think of another way.However, the Jianing commercial fraud case has caused and is still causing personnel unrest in the central financial circle of Xiangjiang. As far as obtaining Duoli is concerned, the relevant responsible persons have fled to the UK. It is unclear whether Xiangjiang will be prosecuted and how effective the prosecution will be.Ye Licheng, who knows a lot, went to launch the specific work on the liquidation of Jianing. Gao Xian continued the research activities on the international financial situation that have been going on these days. By the way, its media attention has been robbed by Jianing commercial fraud.Because of this, in the open discussion session, someone asked Sir Gao's views on the commercial fraud case in Jianing.Gao Xian answered lightly, "the commercial fraud case in Jianing has been exposed, and Xiangjiang's financial system still needs to be improved.""For example, after Chen Songqing successfully manipulated the stock price of the first series of Jianing, he used the falsely high price of the first series of shares of Jianing to apply for bank loans, and even applied for loans many times. The reason why he succeeded many times lies in asymmetric information and inadequate supervision."After saying a lot without pain or itch, Gao Xian began to carry private goods and said: "Real estate investment accounts for a large proportion in the operation of Jianing, and the funds involved are estimated to be more than 6 billion. Now the exposure of commercial fraud in Jianing may have become a inducing factor, announcing that Xiangjiang real estate industry, which originally belongs to the downward cycle of the market, has collapsed. All real estate companies should be prepared for the winter, and even those banks that lend too much to the real estate industry should be prepared Get ready! "The words were not dry, but there was a lot of information, and the spirit of the people was boosted.You know, at this stage, the cooling situation of Xiangjiang's real estate industry is obvious to all, but a person as big as Gao Xian pointed out that the collapse of Xiangjiang's real estate industry is the first time.Some brave people joked: "should happy industry be ready for the winter?""Of course, happy industry is no exception." Gao Xian smiled without objection. "However, happy industry has operated very steadily in the period of economic overheating in the past few years and will not be frozen by the cold winter of the economy. In contrast, those companies with radical expansion are really dangerous."Some people who know the business trends of Xiangjiang quickly think of Jardine. Jardine alone spent more than HK $10 billion on the bidding and development of the new central Diwang. If this is not radical expansion, there will be no radical expansion company.Someone asked curiously, "will Gaoyi rating give a downgrade warning to those companies seriously dragged down by the recession of the real estate industry?""Your thinking is very rigorous. Yes, those companies seriously dragged down by the recession of the real estate industry, not just real estate companies." after praising the students who stood up and asked questions, Gao Xian said cleanly: "Gaoyi rating will strive to do its part, assess the risk for investors and give a rating that reflects the real business status as accurately as possible."Gao Xian's statements were soon moved to the newspaper by the media. At this time, in addition to the collapse of Xiangjiang real estate industry, many companies began to be restless.The truth is clear. The power of Gaoyi's iron teeth has just been tested.After Jianing, which was very popular for a time, was downgraded to "CC" by Gaoyi, its commercial fraud was soon known to all, which further verified the authority of Gaoyi rating.In the treacherous capital market, who doesn't want such a light to illuminate a clear road.But from the perspective of investors, to those companies with serious business problems, the attitude towards Gaoyi rating is afraid.The first one to bear the brunt was Jardine, and he was almost flustered.After the east window incident in Jianing, there was no doubt that many real estate projects cooperated by Jardine and Jianing gave up halfway, especially the Meihua Hotel flank project, which cost up to HK $2.8 billion. Jardine accounted for a quarter of it, that is, HK $700 million. It was not fun. Now it has become a mess. Can you worry about it.Especially since the family knows their own affairs, the real debt level of Jardine can not be clearer than executives such as Niu Bijian, Jardine's boss, and Bao Fuda, the manager. Moreover, the increase in interest rates in Xiangjiang banking began to make Jardine a little difficult to breathe.Niu Bijian and Bao Fuda discussed whether Jardine's rating would be lowered by Gaoyi rating for personal revenge, which would trigger a series of uncontrollable drastic changes in the situation. The conclusion was that Gaoyi rating would certainly take personal revenge. I didn't see that Jianing fell into the clutches of Gaoyi rating before.Now that there is a conclusion, how to deal with it? Niu Bijian and Bao Fuda have big eyes and little to do. It seems that they can only honestly wait for the judgment of Gaoyi rating.Niu Bijian suddenly regretted that he had known that the economic situation had deteriorated to such a degree that the big ones might not take it all. He did not plan to win the new king of central a few months ago.
