Soft and delicate reborn, she is a beautiful boss

Some people say that office buildings are the epitome of modern urban development.

Rows of office buildings continue to grow towards the sky. They seem to be within easy reach of the moon and stars, but can never be touched. The more the tops of tall buildings occupy the commanding heights, the more they symbolize money and power.

At 8:30 in the evening in Ninghai City, the lights are still dim in the towering office buildings. People who work hard to live a life retreat if they don't advance. During the break, they can overlook all kinds of life through the floor-to-ceiling panoramic glass windows. The bustling streets are busy with traffic. People after get off work and those who go out at night People for entertainment and recreation are on the road, walking through the boulevards, and the night view of the city is intoxicating.

The credit management department of Hengchuan Asset Management currently only has Song Hewan.

This department is indeed different from other departments. I'm afraid they are the only department in Hengchuan that doesn't work overtime.

Jian Zhiyan didn't see Song Hewan all day because she sat in front of the computer at her work station even during lunch, reading materials and stuffing food into her mouth.

He knew that she had a very important research report to do tomorrow, and he also knew in his heart that she had always been strong, and since she had to do something, she had to do it well.

However, it is already getting late, and I miss you so much after not seeing you for a day.

Another half hour passed.

Jian Zhiyan finally couldn't control his mood, turned off the computer, packed up his things, and went to the Asset Management Credit Management Department on the other floor.

The girl's face is small and delicate, especially the side face that is so focused and busy is very beautiful, and the whole person exudes dazzling charm.

Jian Zhiyan sat quietly aside and did not disturb Song Hewan. After a while, Song Hewan vaguely realized that something was wrong around her. When she looked up, she saw Jian Zhiyan looking at her intently.

"When did you come? Why didn't you say anything?" Song Hewan asked.

"It didn't take long. I saw that you were busy so I didn't bother you." He paused for a few seconds and then said bitterly: "I don't have anything to do. I just haven't seen you for a day and I miss you a little."

Seeing the young man's eyes looking at her with obsession, Song Hewan couldn't help but feel her cheeks heat up. He was the most deadly person who could seduce people invisibly.

Song Hewan smiled at him, "Sorry, I kept you waiting for so long. I'm done. Let's go back to school now."

"good."

Walking out of the office building, the streets are still brightly lit at night, woven with dazzling golden clothes. People come and go, concealing the ghosts of the night, and it is a rare city night view that can be appreciated.

Dancing and singing at night, young people are not afraid of the passage of time.

The two of them walked side by side all the way back to the campus. As soon as they reached the dormitory area, Song Hewan saw Teacher Zhang Yanyi coming towards her.

It was winter now, but Teacher Zhang was walking on campus wearing fur slippers. When Song Hewan saw this, she couldn't help but feel a little confused.

"Teacher Zhang." Song Hewan stepped forward to say hello.

Zhang Yanyi stopped in her hurry. She wore a cashmere scarf and covered her mouth, leaving only half of her nose exposed. In addition to the dim orange light, it was difficult to see her expression clearly.

She paused and was surprised when she recognized Song Hewan. "Classmate Song? Classmate Jian? Didn't you go home during the holidays?"

"I went back during the Chinese New Year, found an internship, and came back after the holiday." Song Hewan smiled and asked, "Teacher, why are you also in school?"

Zhang Yanyi was stunned for a moment, as if she hadn't thought of her words yet.

After a pause, she said: "Oh, my wife is on a business trip. I left my keys at home when I went out, so I will come to the school to stay for a few days. It's getting late, so you should go back to the dormitory and rest."

She looked like she was in a hurry. Seeing that she wasn't even wearing socks on her feet, Song Hewan stopped talking to her too much. She smiled sweetly at Zhang Yanyi and said, "Okay, good night, Teacher Song. I have time."

I’m going to see you.”

"Goodbye, teacher." Jian Zhiyan said calmly.

"Well, okay, bye."

Zhang Yanyi walked far away, but Song Hewan still had a big question mark in her heart. She always felt that Teacher Zhang seemed to be very panicked after seeing them, and even deliberately covered his scarf, as if he was covering up something.

It's her fault that she only cares about her own things every day and forgets that Teacher Zhang has more important things to do.

She really needs to figure out the truth of that year as soon as possible.

Early the next morning, Song He (this chapter is not finished yet!)

Chapter 57 What a metaphysics

Wan came to the conference room early, copied her shirt in advance, and prepared to report.

At 9:30, people from the Credit Management Department walked into the conference room one after another. One, two, three... Finally, people from the entire department walked in.

Ling Yi actually called everyone to listen to Song Hewan's report.

"Let's get started." Ling Yi took a glance and saw that everyone was here, and said to Song Hewan.

Song Hewan clicked on the first page of t and opened her mouth -

"I heard about our target. Lao Ling, you asked an intern to report. I have to come and listen." A short and capable middle-aged man opened the door and walked in.

The person who came was none other than Qiu Zhili, the boss of the Fixed Income Department and the head of the department.

Walking in, he pulled out an empty seat and sat down. "I heard people said that you want to kill this project. Why don't I come over and hear how it happened? But, Lao Ling, you are too disrespectful.

Take me seriously and find an intern to research such a large investment!"

Only a few people at the review meeting that day knew that Song Hewan was responsible for the Kangyang Construction Research Report. To take a step back, at most, only people in the department knew...

Wang Zhuo had been in charge of the construction industry before, and "outsiders" didn't know the specifics. So who would go and tell the investment manager? Ling Yi had a question mark in his mind.

"Lao Qiu, don't get me wrong. I personally took part in this project. Isn't it so important? I called all our departments here and used this as a typical case to test us.

Just at the level of an intern." Ling Yi smiled broadly and said to Mr. Qiu in a joking tone.

"Lao Ling, please don't deceive me. Are you trying to frustrate me because I don't know much about credit reviews?" Qiu Zhili looked like an honest man, but he was actually very shrewd.

He is always joking with everyone, often joking with each other and calling each other brothers, but he is never ambiguous at work and no one can fool him.

"How dare I deceive you? You are the leader, don't we all have to serve you?"

Ling Yi began to give Qiu Zhili a high hat. Although the two were on the same level, in the eyes of senior management, the fixed income department, which made money for the boss, was naturally better than the credit management department, which "stopped the boss from making money."

The department must be popular and receive more attention.

"Oh, don't you dare? We, Mr. Ling, gave the order. How dare we buy this or that? Don't we all have to obey your orders?" The two began to trade business blows.

But in fact, the credit management department does not have such a big say in Hengchuan Asset Management.

In other asset management companies, investment managers may not invest in projects that are rejected by credit ratings or risk control. But in Hengchuan, the investment managers are very strong. In many cases, they will still insist on investing in projects that are rejected by credit ratings.

However, if something goes wrong, the unlucky one will still be Xinjing.

Their credit analysts have to repeatedly write reports, follow up, make calculations, perform due diligence, and keep an eye on when the money invested will be returned. However, investment managers can pat their butts, relax, and have nothing to worry about.

Why?

Because the upper management doesn't care about that. They only remember the benefits when they make money. When something goes wrong, they will blame the credit rating and risk control departments - why didn't they insist on their opinions and not let the company invest? Blame them for not being firm enough.

Before credit events occurred in the market, this was the case in many financial institutions, and risk control was not taken seriously.

"Then if Mr. Qiu has any questions, we can communicate at any time." Ling Yi said. "Song Hewan, you can start."

"Kangyang Construction has a relatively long history in terms of the company's development process. It has been established for more than 50 years. The company's business is mainly construction projects, and involves hotels and catering, real estate development, labor services and other businesses. Construction projects represent the company's income and

It is the main source of gross profit, accounting for more than 95%. After research, I think the company has the following problems."

"First, the evasion of paid-in capital. According to the national enterprise credit information disclosure system, in April last year, Kangyang Construction changed the paid-in capital to 0 yuan, but this information was not disclosed in the announcement."

"Second, it is suspected that debt-for-equity swaps were performed due to the inability to pay debts. In June last year, Kangyang Construction introduced two strategic investors, Zhanglong Industrial and Hua (this chapter is not finished!)

Chapter 57 What a metaphysics

The establishment of a group is based on the conversion of debts to the company into equity holdings of the company."

"third……"

"..."

“Tenth, excessive expansion, inappropriate major asset acquisitions and subsequent unsatisfactory asset disposals have rapidly enlarged the scale of Kangyang Construction’s liabilities and greatly worsened the debt structure. Two years ago, Kangyang Construction acquired Wuzhou Commercial Co., Ltd.

90% of the company’s equity, this asset reorganization has significantly increased the asset size of Kangyang Construction, but it has also assumed all the debts of the original Wuzhou Commercial, and the debts it has undertaken include a large amount of high-interest funds, which has worsened the liability structure.”

"To sum up, we believe that Kangyang Construction Company's management is chaotic, its financial reports are suspected of falsification, its debt burden is excessive and its cash flow is very tight, its ability to continue debt is extremely weak, and its risks are uncontrollable. It is not recommended to invest."

Song Hewan reported a series of ten risk issues of Kangyang Construction, and the entire conference room was silent.

Everyone has different ideas.

Wang Zhuo: What she said makes sense. This problem does exist. I didn't find that problem before.

The more he listened, the more he broke into a cold sweat. He, an old critic who had been working for so many years, was really not as serious as a new intern.

Ling Yi: Not bad, it didn’t embarrass the credit management department.

Qiu Zhili: It sounds too serious to hear what she said. Is it really that bad?

"What our kid said is very good, but I still have a question." Qiu Zhili said, "There is no precedent for breach of contract in the market. Can you judge that Kangyang Construction will definitely breach the contract?"

There was silence for a long time.

Ling Yi said: "It's not necessarily that a default will happen soon. We have now analyzed that Kangyang Construction has a great risk of default. With his current situation, as long as the market economic environment deteriorates a little, things like bank loan collection will

If it happens, he will definitely not be able to repay the money depending on his own situation, and he has no useful assets and cannot raise money to continue the debt."

"What if there is no problem with the economic environment? What if the bank lends him money normally? At present, there are no signs that the situation you speculate will happen."

Oh, this is really a metaphysics.

Song Hewan couldn't help but feel a little sympathy for the work of credit evaluation. Even talking about it would make people fantasize about bidding on this project.

Before "Black Friday", would anyone be 100% sure that this day would definitely happen?

Song Hewan said helplessly: "Mr. Qiu, if there is any slight disturbance, Kangyang Construction will definitely become the first company in the market to default. Moreover, judging from the recent caliber of the regulatory authorities, don't you think they are being strictly managed?"

She paused and then said: "Especially the problem of financial fraud. Once signs are leaked, the rating agency will be the first to downgrade it, and then the bank will definitely stop lending."

Chapter 57 What a metaphysics