Chapter 934 Cai Chenzhou Came to Ask for Help!

Yang Ming had just returned to the Yuanshan Hotel.

Cai Chenzhou arrived right after him.

When Yang Ming was preparing to rest in the luxurious suite of the Yuanshan Hotel, Deng Changfu came over and said, "Mr. Yang, Mr. Cai from the Cai family wants to see you."

"Which Mr. Cai?"

Yang Ming was surprised.

He had just returned here, why did the Cai family call someone over again.

"Mr. Yang, it's that Cai Chenzhou."

Cai Chenzhou?

Yang Ming must have guessed the purpose of Cai Chenzhou's coming.

"You ask him to come over."

After a while, Yang Ming saw Cai Chenzhou walking over with a limp.

Cai Chenzhou had just entered Yang Ming's study and immediately said, "Sir Yang, save me."

"Mr. Cai, do you have any questions?"

Yang Ming knew about the situation of the Cai family and Cai Chenzhou in his previous life.

As for the specific situation of Cai Chenzhou now, he was not very clear. If it was still like in history, it would be almost November now, and it was only three or four months away from the Shixin financial crisis that broke out in February 1985 in history.

"Sir Yang, my company's problem."

"Second Master Cai, let's go to Jiantan Park to talk."

This place may not be like the KGB in Sulian, with monitors everywhere, but Yang Ming still wanted to go outside.

The two came to the pavilion outside Jiantan Park.

At this time, except for Yang Ming and Cai Chenzhou, the bodyguards of these two people were watching from a distance.

Deng Changfu and others did not approach, so naturally they didn't know what these two people were talking about.

"Tell me about your company's situation."

Cai Chenzhou thought about it and told it truthfully.

"Shixin" is the Tenth Credit Cooperative of Taibei, referred to as Taibei Shixin. In 1984, Taibei Shixin already had 18 branches and more than 60,000 members, with a deposit balance of up to 17.1 billion yuan, which was the largest and oldest credit cooperative in Taibei at that time.

The first generation of the Cai family, Cai Wanchun, became the boss of Shixin in 1957. At that time, Shixin was just a small business. It was not until 1962 that the entire Cai family took off that Guolu Life Insurance was established.

At the beginning, Guorui Life Insurance took 20 years to become the largest company in Taiwan at that time, and relying on the deep capital of life insurance, it quickly expanded and acquired many companies, extending its business territory to various industries.

In 1979, Cai Wanchun, chairman of Guorui Life Insurance, handed over the management rights to his eldest son Cai Chennan due to a stroke, while the second son Cai Chenzhou was responsible for the operation of Guorui Plastics Company, and subsequently merged many companies. As a result, the pace was too fast, resulting in poor capital turnover. Whenever he needed to allocate funds, he would find his brother Cai Chennan.

Cai Chennan would help him allocate funds from Guorui Life Insurance at the beginning, but he saw that this was not a solution and gradually stopped responding to his requests.

So Cai Chenzhou set his sights on his uncle Cai Wanlin, who was the chairman of Shixin at the time.

Cai Wanlin knew that his nephew's needs were a "bottomless pit" and no matter how much money he had, it would not be enough for him to spend.

So he came up with a plan and proposed that they could do a share exchange, exchanging Cai Wanlin's shares in Shixin with Cai Chenzhou, so that Cai Chenzhou would become the chairman of Shixin, and Guolu Plastics could get funds through financing with Shixin.

Cai Chenzhou readily agreed. The biggest victim of this transaction was Cai Chennan. He was originally the head of Guolu Life Insurance. Now Cai Wanlin has Cai Chenzhou's shares plus his original shares, directly controlling more than half of Guolu's shares, and the position of chairman has changed hands. After Cai Chenzhou took control of Shixin, he directly used it as his own ATM.

Whenever he needed money, he would borrow money in the name of Guolu Plastics, sometimes for house and land financing, and sometimes for property mortgage. Many of the financing here were over-loans, and the amount borrowed often exceeded the actual amount of the house appraisal. Moreover, he did not stop at the name of Guolu Plastics, but also used the employees under the name of the group as head, and collected the employees' seals and certificates when the employees were not paying attention and took them to Shixin to open a loan.

Later, he even saved the trouble of finding people and collateral, and directly colluded with fraud to move the cash of Shixin. During Cai Chenzhou's tenure, Shixin's violations began to surge, especially in the three years from 1982 to 1984, when non-performing loans doubled. Cai Chenzhou's appetite grew bigger and bigger. In order to better absorb funds, Guolu Plastics also issued bonds with the endorsement of Shixin Cooperative, which was 4 times higher than the fixed deposit rate at that time.

With such a high interest rate, no one would think that Guolu would go bankrupt, so people rushed to deposit money.

Soon Shixin became the most well-funded credit cooperative at that time.

Cai Chenzhou was proud of his business world. He was only in his thirties and had his next goal. He wanted to enter the political world and do both politics and business, so that his status and influence would be further improved.

Money can make the devil push the mill. With the world's loudest stepping stone, he smoothed out all kinds of relationships.

With such a powerful backer, he also had a special identity.

Cai Chenzhou is really good at handling interpersonal relationships.

In addition, he also gave many high-ranking officials special high-interest savings plans. There are records that he gave high-ranking officials and their families a monthly interest rate of up to 2.5%, and as long as the interest is compounded for more than two years, the money can be doubled.

For the sake of their public image, those high-ranking officials may not dare to deposit money openly, but without their knowledge, their wives and children took hundreds of thousands, millions, or even tens of millions of private money to deposit.

In addition to continuing to expand his business territory, he also had to pay these high interest rates. Cai Chenzhou certainly knew that this was not a solution. In fact, most of the funds he took out from Shixin were used to invest in real estate. Unfortunately, because the economy was in recession at the time, most of his funds were stuck in real estate and could not be taken out.

However, he was not very worried. Shixin was financially strong. He believed that as long as he could hold on until the economy improved, it would be time to reap the fruits. Generally speaking, financial institutions are controlled by the competent authorities. The competent authorities of Taipei Shixin are the Ministry of Finance and the Taipei City Finance Bureau. During the annual financial inspection, the Ministry of Finance will entrust the public bank cooperative treasury in Taiwan to send personnel to the branch for inspection.

It is impossible for Cai Chenzhou to empty the treasury of Shixin as he did, but he can easily get through every financial inspection. It can only be said that Cai Chenzhou's network of relationships is too powerful. He has people from the financial department to the cooperative treasury.

Some people would want to rectify this bad phenomenon. It was mentioned earlier that Shixin doubled its illegal loans between 1982 and 1984, but with his network of connections, he was able to get through it smoothly.

. . .

At this moment.

The huge hole caused by Shixin.

Even if Yang Ming did not raise it, Cai Chenzhou knew that there was no turning back.

Tsai Wan-lin and Tsai Wan-tsai, the two uncles, could not be taken care of, and his father was lying in bed again.

If Yang Ming had not come to Taiwan this time, Cai Wanchun of the Cai family would have invited him to visit the Cai family.

The Shixin financial crisis created by Cai Chenzhou was found to be unsolvable, and it still broke out like in history.

Now, when Cai Chenzhou told Yang Ming in detail.

Yang Ming knew.

In this matter, Cai Chenzhou committed a serious problem of recklessness.

In fact, there may be other pushers behind it.

Cai Chenzhou was talking, and Yang Ming was listening.

You may say that Tsai Chen-zhou is incapable, but Tsai Wan-chun was able to hand over such an important company to him. In addition to compensation for his son, Tsai Wan-chun may have favored him because of Tsai Chen-zhou's polio since childhood.

He also felt that he was capable.

In fact, after Tsai Chen-zhou took over the National Plastics Group, Tsai Wan-chun did not care about him and really messed around.

Otherwise, there would not be such a big hole now.

After listening to it, Yang Ming felt that the problem was even more serious than he imagined.

Chapter 3!

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