If you cheat, money will follow

"Ah? Secretary Chang, it's not easy to open this mouth." Yang Qinghe reminded.

"Hey, I didn't know that this hole was not easy to open." Chang Xueqin sighed deeply:

"Last week, I received several waves of people at the petition window, all of whom requested the delivery of real estate."

"We communicated for a long time, and many of them worked in Rongzhou for many years before paying the down payment."

“Now that the project is on hold, they are still making repayments on schedule.”

"Comparing my feelings, they didn't do anything wrong, but..."

"Secretary, let me do this." Yang Qinghe felt the same way:

"It's better not to say anything, this can be done like this."

"Besides, we can't do it directly. It would be better to do it in a roundabout way."

"Okay, come up with a plan on how to do it specifically. I hope that in the end we can achieve a balance of funds and debts and deliver the building to the people on time." Chang Xueqin nodded.

Jiangzhou.

On the third night after Xu Yancheng took office.

He had a phone call with Chang Xueqin.

Then, Chang Xueqin and Chang Le made a phone call.

"Lezi, Secretary Xu will go to your company to investigate tomorrow. You will be there."

"Dad, I will definitely be there. Am I such a willful person?" Chang Le said with a smile.

"Haha... That's good. Secretary Xu was worried that you were not in the company, so he called me in advance. He really had something to communicate with you." Chang Xueqin said.

"He wants to ask questions about the real estate field, right?" Chang Le asked.

"It should be. Wu Licai was dismissed because of this problem, and he came here because of this problem. The problem in Jiangnan is quite prominent. He was named and criticized many times at the meeting, but there has been no improvement," Chang Xueqin said.

"Oh, let's talk first. Leda Investment is an industrial investment company and does not participate in the real estate field." Chang Le made his attitude clear in advance.

"Don't worry, he dealt with the problem very clearly and made it very clear to me. He just wants to hear your opinion, not let you participate." Chang Xueqin said.

"That's good."

That night.

Jiangnan Province W, small conference room.

There were only five people in the conference room, namely Xu Yancheng, Xu Kefei, the deputy governor in charge of urban construction, the head of the financial supervision department, and the head of the Department of Housing and Urban-Rural Development.

The person in charge of the Department of Housing and Urban-Rural Development is carefully reporting to Xu Yancheng and Xu Kefei on the real estate situation in the province.

The report is naturally filled with flowers, and the situation analysis is expressed as continuing to improve.

“…withstood the severe impact of the epidemic, showing the typical characteristics of low opening, flat growth and continuous recovery…”

"The market recovery trend is improving, market demand is picking up steadily, market enthusiasm continues to heat up, market sales have increased slightly, and market prices are stable and controllable..."

Xu Yancheng glanced at the report for a few moments, put it aside, and then interrupted:

"Director Li, don't tell me what you picked up."

"The situation is so serious now. There is no need to sugarcoat it anymore. We still have to face the problem head-on and don't avoid it."

"After you made this report, uninformed people thought the market situation was improving."

"But is that really the case?"

Director Li was stunned for a moment, then replied bravely:

"Secretary Xu, the current situation is indeed very serious, and some problems are also very serious."

Xu Yancheng said: "Then you expand the problem. Expanding the problem is not to deny your work achievements, but to solve the problem in a targeted manner."

"It goes without saying that market expectations are seriously insufficient and the market has a strong wait-and-see sentiment. This is a universal problem."

"Just tell me how many risky properties there are in the province that need to be focused on."

"Okay. Secretary Xu..." Director Li nodded and put down the report manuscript, sorted out his thoughts, and then said:

"According to our preliminary survey, there are 62 projects that need to be focused on in the province..."

"Among them, there are 25 in Jiangzhou City, accounting for 40.33%."

"There are a total of 37 other cities and states."

Xu Yancheng asked again: "Then what measures are you going to take to ensure the smooth delivery of these 62 projects?"

Director Li immediately responded: "Secretary Xu, we are prepared to take the following measures to deal with the severe situation..."

"The overall goal is to consolidate the overall responsibilities of the territory, the leading responsibilities of industry departments and the cooperating responsibilities of relevant departments, and specifically do the following aspects of work..."

"The first is to promote the resumption of work and production. We urge construction parties to consider the overall situation, build with debt, ensure the resumption of work and production, and maintain basic stability and market expectations."

"The second is to implement asset assessment. Entrust third-party financial audit and asset assessment companies to enter various projects to conduct comprehensive audits of assets and debts to obtain a more accurate bottom line."

"The third is to promote asset preservation. In order to prevent interference from external factors, asset preservation is promoted through asset holding."

"The fourth is to speed up the collection of funds. Set up special fund accounts on a territorial basis to centrally collect the remaining funds of real estate projects in the jurisdiction, and implement three-party co-management of funds to prevent outflow..."

"Five is..."

"Sixth is..."

"Secretary Xu, the above eight aspects of work are what we have been advancing and doing, but..."

Director Li glanced at the person in charge of the financial supervision department next to him and hesitated to speak.

"Li Chenglin, tell me boldly, there is no one else here." Xu Kefei said.

"Okay, Secretary Xu and Governor Xu, the above eight aspects of work can only prevent the situation from getting worse, but they cannot fundamentally solve the problem." Director Li said:

“To fundamentally solve the problem, we still need living water.”

"Recently, we have been contacting more market entities and want to save the situation through asset liquidation."

"However, with the current market environment declining and financial policies tightening, other real estate companies in the jurisdiction are generally cautious about taking on assets of problematic properties, and the quotations are very low, which is not conducive to maximizing the value of the assets."

"And... based on our verification, these 62 properties are all high-quality properties in high-quality locations, and the sales situation is very good. If tens of billions of funds had not been outflowed, they would never have reached this point."

Director Li stopped here and did not continue.

The implication is, how did more than 100 billion funds flow out?

Is there any problem?

This is very complicated.

It's not something he can say.

On the side, the head of the financial regulatory department also shook his head helplessly.

Xu Yancheng did not continue to investigate, but said:

"Comrade Li Chenglin, it seems that you have done a lot of work recently and your thinking is very clear. I misunderstood you before. I apologize to you."

"Secretary Xu, I'm serious. In the final analysis, we didn't do our job well." Director Li quickly replied.

"Comrade Cheng Lin, according to the data you have now, if these 62 properties are to be fully completed and delivered, and the assets are included, what is the remaining funding gap?" Xu Yancheng continued to ask.

"Report to Secretary Xu that the total amount of funds collected in the company's account is 25 billion, and it is currently being closely monitored." Li Chenglin replied:

"In addition, the remaining assets of 62 real estate projects totaled 50 billion yuan according to third-party assessments."

"To promote completion and delivery, about 130 billion will be needed, and the funding gap will be about 55 billion."