At the Pinnacle of Power: My Insider Report Alarms Bigwigs in Beijing's Elite Circle

State-owned enterprises in Pengcheng City are withdrawing their investments.

State-owned enterprises from other provinces and asset management companies of central enterprises are withdrawing their investments.

Major banks are withdrawing loans, and the president of Huayuan Bank has been placed under investigation!

All of this was like a series of punches that knocked Shen Wancai out!

After this series of events, Hengyuan Group's plans for financing and backdoor listing on the A-share market completely fell through—no financial institution dared to continue investing in Hengyuan Group!

More importantly, the banks' withdrawal of loans means that Hengyuan Group's cash flow will be cut off, which is fatal for a real estate company!

Shen Wancai slumped in his office chair, as if he couldn't accept the result. He was no longer as spirited as he had been, and he looked as wilted as a frostbitten eggplant.

After an unknown amount of time, Shen Wancai sat up, lit a cigar, and forced himself to calm down.

When the cigar was nearly half burned, a glimmer of light returned to Shen Wancai's eyes, and his body gradually regained its vitality.

He knew that the core of the conflict lay with Lin Yi.

Everything that Hengyuan Group has encountered is because of Lin Yi!

Lin Yi wants to destroy Hengyuan Group—to save Hengyuan Group, Lin Yi's problem must be solved!

After figuring this out, Shen Wancai threw his cigar into the ashtray, then picked up his phone and dialed the number of Zhou Xingwen, the executive vice governor of Guangdong Province.

Now that things have come to this, he believes that the He family gang is his last lifeline.

Because the enemy of my enemy is my friend.

He had heard that Lin Yi and He Qingyun, the rising star of the He family, were not only rivals but also had a deep personal grudge and had been fighting for a long time.

The He family is one of the few that can rival the power behind Lin Yi!

Although he was not of a high enough status to be associated with the He family, and did not even have the right to sit at the same table with He Qingyun, he was deeply involved with Zhou Xingwen of the Guangdong He family gang and was also very close to Liu Zhong.

Moreover, in his view, everything Lin Yi did after taking office in Pengcheng was tantamount to negating the previous work of Liu Zhong and Zhou Xingwen and trying to ruin their livelihoods. Naturally, the two would not sit idly by and wait for their doom, nor would they stand idly by and watch Hengyuan Group perish!

"Governor Zhou, is this a convenient time for you?" The call was quickly connected, confirming Shen Wancai's suspicions. He breathed a slight sigh of relief and then asked respectfully.

"Shen Wancai, your affair with Ma Yuan has nothing to do with me," Zhou Xingwen said coldly. He already knew about Ma Yuan's affair and wanted to distance himself from it immediately.

Shen Wancai quickly said, "Don't worry, Governor Zhou, this matter definitely has nothing to do with you or me."

"What do you mean?" Zhou Xingwen asked.

Shen Wancai said, "I have no direct economic dealings with Ma Yuan."

Zhou Xingwen's heart skipped a beat, realizing that Shen Wancai was only responsible for negotiating matters, while the actual work was done by his subordinates, with a firewall in between.

Seeing that Zhou Xingwen remained silent, Shen Wancai quickly said, "Governor Zhou, because of that bastard Lin Yi, major state-owned enterprises are withdrawing their investments from Hengyuan Group, and banks are also showing signs of withdrawing loans. This will seriously affect Hengyuan Group's subsequent financing and backdoor listing plans. Can you help me think of a solution?"

"Shen Wancai, what time is it? You're still thinking about financing and backdoor listing?"

Zhou Xingwen was fully aware of Hengyuan Group's current predicament and coldly reminded them, "The major banks have already withdrawn their loans, so forget about financing. You should learn from Old Wang up north and cut your losses to survive!"

"Governor Zhou, is there really no other way?" Shen Wancai knew what it meant to cut off an arm to survive, but he didn't want to go that far.

Zhou Xingwen said coldly, "Selling off assets to pay off debts is the only way out for you and Hengyuan Group!"

As soon as he finished speaking, Zhou Xingwen hung up the phone.

Shen Wancai held his phone, his head buzzing.

Although Hengyuan Group had not yet engaged in reckless leverage and expansion at this point in time, thus avoiding insolvency, its net assets were already nearly depleted.

If he sells assets to pay off debts, then all of Shen Wancai's years of hard work will have been for nothing.

He originally planned to take advantage of the opportunity presented by the shantytown renovation project to leverage his assets aggressively, expand his operations, acquire land across the country to build projects, and gamble on one last time.

As long as housing prices continue to rise sharply, all of Hengyuan Group's financial problems will be solved, and he will ascend to the throne of the richest man and become the emperor of the business world!

Now, Lin Yi has thwarted Shen Wancai's and Hengyuan Group's gamble, shattering Shen Wancai's dream of becoming the richest man!

The following day, Dongshan Shanhai Group and Huaxia Yinda Group issued announcements one after another, stating that they would withdraw their investment from Hengyuan Group. Major banks also issued announcements, stating that they would reassess Hengyuan Group's credit and assets.

All of this caused Hengyuan Group's stock price to plummet by 70%, and dragged down the Hong Kong real estate sector.

This time, Hengyuan Group did not hold any more press conferences to explain that its financial situation was healthy and to try to maintain its stock price. Instead, it followed Zhou Xingwen's advice and began to sell off assets.

Like Lao Wang in the north, Shen Wancai first sold off Hengyuan Group's tourism assets and commercial real estate to recoup funds.

Because at this point in time, the real estate industry is in its final frenzy and boom, making it relatively easy for Hengyuan Group to sell off its assets at a bargain price. If it were a few years later, it might not be possible to sell them even at a drastically reduced price.

Just as Hengyuan Group was selling off its assets, Lu Mingrui led a delegation from Ninghai City to Shenzhen for exchange and learning.

Liang Zhenhua and Lin Yi welcomed Lu Mingrui and his delegation, and the Pengcheng Municipal Party Committee and Government held a discussion with the Ninghai Party and Government delegation.

In addition, Liang Zhenhua and Lin Yi accompanied Lu Mingrui and his entourage to visit various enterprises, which can be said to have given Lu Mingrui a lot of face!

For Lin Yi, having a friend come from afar meant he needed to be treated well, and he also needed Lu Mingrui's help—the matter of several top universities building branch campuses in Shenzhen required Lu Mingrui's assistance.

For Liang Zhenhua, Lu Mingrui is the only remaining heir of the Lu family, essentially the crown prince of the Lu family. He and other members of the Lu family camp must give their full support to Lu Mingrui!

After the first day of inspection and research, Liang Zhenhua and Lin Yi hosted Lu Mingrui and his party, and accompanied Lu Mingrui to his hotel room.

"Brother Liang, you need to hurry up and make room for Lin Yi! If Lin Yi doesn't take your position as Party Secretary, how can I become Mayor and work with him?"

When it was the three of them's turn to talk privately, Lu Mingrui spoke without reservation, starting by mentioning their dreams.

"—"

Liang Zhenhua and Lin Yi were both speechless.

Seeing this, Lu Mingrui said seriously, "Brother Liang, I'm not joking with you. I've already talked to the old man about this, and he'll speak up for you when it matters. You also need to work hard!"

"Okay, thank you, Mingrui!"

Liang Zhenhua was both amused and exasperated.

He knew that if he wanted to advance further, he needed the support of the Lu family patriarch, but he never expected that it would be to make room for Lu Mingrui!

"Brother Liang, you've had a bit too much to drink tonight. Go home and get some rest. I'd like to have a chat with Lin Yi."

After Lu Mingrui finished explaining the task to Liang Zhenhua, he started to send people away.

He rarely showed off in front of Lin Yi, and was always shameless, but he still cared about his image in front of others—he couldn't ask Lin Yi for Ning Hai's perfect answer in front of Liang Zhenhua!

"Okay, then you two chat."

Liang Zhenhua stood up with a wry smile, said goodbye to Lin Yi, and left.

After watching Liang Zhenhua leave, Lu Mingrui eagerly got up, refilled Lin Yi's teacup with water, and said ingratiatingly like a sycophant, "Brother, give me some guidance. How should Ninghai develop this year? What aspects of Pengcheng's approach can be copied, and what aspects cannot?"

Lin Yi picked up his teacup, took a sip, and replied, seemingly unrelated to the question, "I'm going to the capital next week..."

“Brother, after my trip to Pengcheng, I’ll go to Beijing and guarantee I’ll get things done for you. You just need to meet with the relevant leaders and finalize the details.” Lu Mingrui interrupted Lin Yi, making a confident promise.

Upon hearing Lu Mingrui's words, Lin Yi put down his teacup, took out a notebook from his briefcase, and said, "I've written down everything about Ninghai's development over the next one to three years in this notebook for your reference."

"Good brothers, forever!"

Lu Mingrui took the notebook as if it were the most precious treasure in the world, he was so excited!

After the initial excitement, Lu Mingrui eagerly opened the homework Lin Yi had helped him with. His eyes lit up as he looked at it, and he couldn't wait to go back and implement it.

"By the way, Hengyuan Group's stock price has plummeted, and they've been urgently selling assets to raise funds these past two days. Is there really a financial problem?" Lu Mingrui suddenly asked after admiring the perfect score on the assignment.

Lin Yi smiled slightly: "Facts speak louder than words."

"So it seems that Hengyuan Group is committing financial fraud. Why don't you let people investigate Hengyuan's accounts?" Lu Mingrui's heart skipped a beat, and he immediately realized something, but at the same time he was still a little puzzled.

In his view, if Lin Yi had someone investigate Hengyuan Group's accounts and found that Hengyuan Group had committed financial fraud, Hengyuan Group would definitely go bankrupt!

“Investigating the accounts is like a fatal blow. I want to slowly bleed Hengyuan Group dry, so that Hengyuan Group will spit out what it has swallowed.”

Lin Yi gave the answer, and seeing that Lu Mingrui seemed to understand but not quite, he simply explained, "My real purpose in taking action against Hengyuan Group is not to deal with Shen Wancai, nor to use Shen Wancai to deal with the He family gang in eastern Guangdong led by Liu Zhong and Zhou Xingwen—I have many ways to achieve this goal!"

"Your real purpose is real estate reform?" Lu Mingrui's heart stirred.

"Yes, I will use the Hengyuan Group case to rectify the chaos in the real estate industry, sound the alarm for other real estate companies, let the chill reach every real estate enterprise, and gradually slow down this runaway train of real estate, bringing it back to normal speed. Only in this way can my country's economic development not be held hostage by real estate, and can we successfully complete the economic transformation at the lowest cost!"

Lin Yi slowly revealed his purpose.

He flapped the butterfly's wings, enabling my country to achieve technological independence and industrial upgrading several years ahead of schedule. The conditions for economic transformation are more mature, and preparations for the decisive battle with the enemy are more thorough. Now, defusing the real estate landmine will not only allow the real estate market to have a soft landing, but also minimize its impact!

"Lin Yi, I certainly wouldn't believe anyone else who said this. But I have no doubt about what you're saying!"

Lu Mingrui looked at Lin Yi with admiration and said sincerely, "This is exactly what I've always believed: in the future, if anyone else sits in that position, I'll feel they're unworthy, but you're truly deserving!"