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Chapter 512: Chapter 422 Overbearing Wealth (Please Subscribe!)_1
Faced with this situation.
Tang Qing could only resort to this strategy.
Although the Charity Foundation is not yet kidnapped by mainstream public morality, he cannot just stand by. Since he’s involved, he decided to help as much as he can. He is not afraid to use up all his credit.
Heh heh.
Use it up?
As long as he can maintain his value, his credit will not be used up. Does he have a lot of value? Right now, a lot. If the other side does not agree, Tang Qing will have to figure out something else.
But, isn’t there a high chance of agreement?
"Sir, I’ll report this to the higher-ups right away." The director could sense that the situation was getting larger than expected.
He was somewhat worried as there were too many complications involved. The previous task was easier, just fifty billion RMB, just numbers in the bank, like Asia Dollar, these are just ’credit cashing’, can be created out of thin air with no difficulty.
However, the next one is a bit tricky. It will affect the entire national insurance system, and it’s a huge pressure on the bank. It can be imagined that the latter condition will be the difficulty in this negotiation.
"I hope for a result within a day," Tang Qing said.
"All right, we will reply as soon as we make a decision here," the director promised.
After hanging up.
Without wasting time the director rushed to report to his superior leader.
As for how they negotiated, Tang Qing didn’t care. At least the first condition can’t escape. It’s just that now there is a shortage of available funds and many assets are not easy to move back to the country. That’s why Tang Qing had to take out a loan. Otherwise, how could it be possible, fifty billion RMB, it can be gathered from somewhere.
On the other side.
The big shots were discussing enthusiastically.
"What do you think about these two conditions?"
"The first one is no problem, the funds of their foundation are indeed not tampered with and all have been put to use, completely transparent, fifty billion RMB, their credit is worth this price. Moreover, this is a loan, not a default, the fees of their future tasks may increase due to the heavy debt, haha."
"If it increases, so be it. In any case, it’s RMB, we can afford as much as they want. The second one is a bit difficult though. It’s a great thing that benefits the country and the people, solving many urgent problems for families, however, it may also impact the insurance system and requires a large amount of money. Plus, they have their own people for review, which is a bit troublesome."
"What’s troubling about it? These are life-saving funds to help poor families, and it’s not like they’re not to be repaid. It’s just changing the application channel."
"That’s true, from a bank’s perspective, it should not be a big problem. It’s just RMB and limited to major diseases, it won’t impose too heavy a burden."
"..."
This meeting lasted for more than two hours.
The final result was---they agreed to Tang Qing’s two plans.
Although it’s troublesome to operate, they have also seen a lot of information in this area. When money is not the problem, they all hope to do good for the country, so they reached a consensus and let the lower level staff hurriedly make the detailed rules.
In the afternoon.
Tang Qing received this news and details, the corner of his mouth slightly raised.
Whether it meets his ’boring’ kindness or not.
At least.
He did a good deed today.
In his previous life, he had volunteered at an orphanage. Those who have never seen it would feel indifferent and believe they have never experienced such suffering so it doesn’t concern them. However, those who have seen it would feel heartrending pain, but are also powerless to help.
There are too many people.
They can’t all be helped.
In this life.
He decided to play the fool just this once.
...
Beijing.
At the headquarters of Huaxia Little Angel Charity Foundation.
In Chairman Bai Fei’s office.
He saw the news first thing in the morning, but he could only choose to remain silent. It’s not that he’s heartless or strictly adhering to the foundation’s system, but he knows that if he opens this gate, the more than 500 million RMB in the foundation’s account would not last a month before being applied for by parents.
Then the money would truly run out.
And the foundation would basically be paralyzed.
He had no choice but to remain silent. Deep down, he wanted to help too, but compared to truly helpless orphans who had been alone for many years, he couldn’t bear to do it. He couldn’t let the foundation fall into decline on his watch.
The state’s allocation has been inconsistent recently, Bai Fei guessed that it wasn’t really state funding, but was coming from elsewhere. He didn’t know where it was coming from, but he did know that these funds were definitely hard to come by.
He can’t just use this money at will.
Thinking about this.
Bai Fei could only feel sorry for the mother and son, or any other similar families his foundation couldn’t help. According to public opinion and news reports, this mother and son already had many spontaneous donations, and no longer needed the foundation’s money.
Nevertheless, Bai Fei did not relax. There were too many such children, hence, given the Foundation’s financial strain, the cost of many children’s treatments had to be paid in installments, which the hospital also agreed to, otherwise, the five hundred million might just be one hundred million now.
At this point.
"Ding ding ding ..."
The phone rang.
Bai Fei thought it was a business call and answered it.
"Hello," said Bai Fei.
"President Bai, hello."
A familiar voice came: indifferent as ever.
Bai Fei recognized the voice, stood up excitedly and said: "Hello, sir. It’s been a while since you last called." He knew that this was the decision-maker of the Foundation.
"Hmm, to cut to the chase, here’s some good news for you. Apply for a loan from ICBC tomorrow. We are aiming for a credit limit of fifty billion RMB, unsecured, ten-year term, but this money can only be used to maintain the foundation’s existing business."
"Really? Fifty billion?" Bai Fei was shocked.
Fifty billion RMB?
This ...
"Yes, the second news is about the mother and son we saw this morning. After discussion, the top has decided to offer limited major disease loans to people under eighteen who have relatives alive. The specific terms will be discussed with you tomorrow. The foundation will also establish a loan review department specifically for these families. The staff will be half from us and half from the state. You don’t need to prepare anything, just post this news on the website tomorrow afternoon."
"Yes, sir, on behalf of all the children you’ve helped, thank you." Bai Fei was genuinely excited, he didn’t expect this ’boss’ had secured such good terms, it was not just good, but great news for him.
"No need to thank me, goodbye, and keep doing well," replied the voice emotionlessly.
"Yes, I won’t let you down," Bai Fei felt this voice was incredibly comforting.
"Hmm."
After the call.
Bai Fei felt a weight lifted from his shoulders.
Sitting in his chair.
It felt like the sky outside was much bluer.
"Children, you are living in a good time. No matter who’s pushing this behind the scenes, I, Bai Fei, am grateful to them... Thank you..."
At three p.m. the next day.
The total balance on the Foundation’s website got updated.
The Internet was in an uproar.
"Holy crap, balance is 55 billion RMB? Am I seeing this right, was there a hacker intrusion?"
"Are you stupid? Didn’t you see the front page news? It seems like they borrowed it from ICBC, and this money has to be returned."
"How are they gonna return it?"
"How should I know?"
"..."
Much to their surprise, many people also saw loan details appear under the latest news on the website.
Many felt the world had gone mad.
Can you really do that?
Isn’t this foundation too daring?
Even the rich can’t play this way.
Therefore.
This news quickly spread across the internet.
Many families were watching this news in disbelief, especially when the evening news broadcast also devoted a minute to introduce this loan. Many families across the country shed tears of joy that night.
PS: End of one Chapter.
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