Chapter 373: Chapter 230: Human Shield
Jin Baogen saw Wen Shulin’s solemn face and said, “Chen Jin’s information is correct. The tightening of city investnt bonds is the general trend, and the upper levels have already begun to rectify the local financing platforms.”
Upon hearing this, Wen Shulin asked cautiously, “Mr. Jin, is this like last ti, a temporary tightening?”
Jin Baogen shook his head, “Over these years, leveraging city investnt platforms to take on heavy debts has led to quite a few vanity projects, and the scale of the debt has beco so large that it must be controlled.”
“This ti, they’re serious. Starting from next January, the scale of city investnt bonds will be progressively reduced, and the difficulty of financing will grow ever greater.”
Although Wen Shulin had ntally braced herself, hearing Jin Baogen confirm it still weighed heavily on her heart.
City investnt bonds have always been a “delicacy” in the eyes of financial institutions, with stable returns and relatively low risk, serving as an important source of business especially for trust companies.
Now, with the imminent tightening of city investnt bonds, it will be a significant shock to the entire industry.
Wen Shulin also realized the seriousness of the problem. Her fine eyebrows knitted, she asked, “Mr. Jin, what you an is…”
“Ti to switch tracks.”
Jin Baogen paused for a mont, “Financial benefits are phased. In previous years, it was real estate, now it’s infrastructure, and in the future? Who knows.”
He sighed lightly, “To put it bluntly, finance is all about following policymaking. Whatever policy supports, that’s where money is made.”
“But policy is also ever-changing. In the past, we could make a quick profit by exploiting information asymtry and resource advantages.”
“But tis have changed now; information is becoming more transparent, and regulation is getting stricter. The old ways won’t work anymore.”
“Xiao Wen,”
Jin Baogen looked at Wen Shulin, “CGG’s subsequent business needs transformation. To stay firm in the financial market, we can’t just focus on this patch of city investnt bonds.”
“You need to make a decision, determine CGG’s future direction, to provide your headquarters with a reasonable explanation,” he advised.
Wen Shulin found it difficult to speak. Chen Cheng, seeing her helplessness at this mont, said, “Mr. Jin, CGG will be changing its na after the New Year.”
Upon hearing this, even Jin Baogen, who was experienced and knowledgeable, could not help but be shocked.
“Changing its na?” He looked at Wen Shulin, reading the key information from her expression.
Wen Shulin’s helplessness was due to concerns about the company’s future, and Jin Baogen also understood to whom this “na” would now belong.
“How soon?” asked Jin Baogen.
“Just a few days ago, Miss Wen reached an agreent with the parent company,” replied Chen Cheng.
Wen Shulin pursed her lips, “Chen helped get Beijing CGG from Alina’s hands. According to my agreent with Alina, January 1st next year will be the day it leaves the parent company.”
After hearing this, Jin Baogen was a mix of surprised, delighted, and worried.
His gaze shifted between Chen Cheng and Wen Shulin, finally resting on Chen Cheng, and he said with an approving tone, “You’ve done quite the big deal quietly!”
Jin Baogen knew what it ant to take Beijing CGG off Alina’s hands—it wasn’t sothing that could be done rely with cleverness or intelligence, but also required great courage and skill.
“Mr. Jin, you overpraise . I just helped a bit,” Chen Cheng said with a smile.
“Chen really helped a lot.”
“Good, good!”
Jin Baogen said the word “good” twice, his face full of a gratified smile.
Xiao ier was also taken aback.
She knew Wen Shulin was a director of CGG. Although she didn’t understand finance, she could grasp the significance of what the three were discussing.
“Sister Lin, are you going to be the boss yourself?”
Wen Shulin nodded in acknowledgnt, “But the road ahead is long, and I don’t know if I can do well.”
“What’s there not to do well!” Xiao ier had an unexplainable confidence in Wen Shulin, “Sister Lin, you’re so capable, there will surely be no problem!”
Wen Shulin smiled lightly.
“There’s also another matter,” Chen Cheng said, “Regarding the 2 billion from Hoshino Mika, Chairman Wen and I discussed that after CGG separates from its mother company, we will then proceed with the handover.”
Wen Shulin quickly explained the whole story, then said, “I couldn’t contact you during that ti, so I let Chen…”
Jin Baogen waved his hand, “That’s no issue, my money won’t grow by sitting here, but in your hands, it’s a good investnt.”
This news once again shook Xiao ier’s understanding.
Her mouth agape in astonishnt, she said, “Godfather, the 2 billion from Miss Mika, is that your money?”
Jin Baogen smiled and nodded in confirmation.
Xiao ier was completely stunned. She had always thought that the 2 billion was Wen Shulin’s, never imagining that this huge sum was actually Jin Baogen’s!
She looked at Jin Baogen with disbelief, her mind awash with astonishnt.
What kind of influence does it take to casually entrust 2 billion to soone else’s managent?
Wen Shulin, watching Xiao ier’s shocked face, couldn’t help but laugh and tease, “What, now you realize how formidable your godfather is?”
Xiao ier ca back to her senses and nodded repeatedly.
Jin Baogen waved his hand, smiling, “Xiao Er, don’t listen to Xiao Wen’s nonsense, I’m not that capable.”
He gathered his thoughts and said to Wen Shulin with deep aning, “Now that you’re taking over CGG entirely, I think this tightening is an opportunity.”
“What opportunity?” Wen Shulin listened attentively.
“Issuing bonds is a quick and stable way to make money, but it’s not sothing to brag about.”
Jin Baogen explained, “Since CGG is changing its image now, why not take this chance to make a complete break.”
“Mr. Jin, I’m worried that suddenly having such a large portion of the business gone will make it hard for to carry out work when I take over.”
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