At the Merchants Conference of Shang State, Yuan Zhao rejected Yang Chengye's words in a very domineering manner. He was straightforward and decisive, leaving no room for discussion at all.
Yuan Zhao said: "Too high", not "a little high". The meaning is obvious.
But Yang Chengye also has his own confidence: "This time, in order to support the exploration of Tianwaitian, our Green Forest Investment Bank has decided not to continue the past operation mode. We are going to invest in the way of bank investment and participate in the management of the entire team. So..."
"No need!" Yuan Zhao interrupted Yang Chengye and said in a serious tone, "No matter what decision you make, I think this exploration of Tianwai Tian does not require the participation of pure capitalists. I decide that you, Green Forest Investment Bank, and all investment banks are not allowed to participate in the exploration of Tianwai Tian this time!"
Yang Chengye's expression gradually turned cold, but he did not yell hysterically. Instead, he asked calmly, "Reason?"
Calm, yet murderous intent was already revealed.
Yuan Zhao glanced at Yang Chengye, then looked around, and slowly said: "Regarding investment banks, I think they have indeed made significant contributions to the development of Shang State in the past. This is undeniable; there are too many technologies and companies that exist and grow because of you. However, everything has a limit. Today's investment banks have begun to suck blood from Shang State. You are gradually becoming a parasite that gets something for nothing! This time, what Tianwaitian lacks is technology, not funds. Yes, some people will say that we have a funding gap of trillions or tens of trillions, but we can issue our own stocks without investment banks! Just like the country issues special economic zone stocks. We can even issue bonds. In the past few years, how many technology companies have been exploited by investment banks. You have certainly supported the development of technology companies, but now you are also restricting the progress of these companies. Investment banks need to stop at the right time. I am currently drafting a document to apply to the wise king to restrict investment banks."
At the scene, many representatives of investment banks looked unhappy, but many industrialists applauded.
Everything has two sides, and the dark side of investment banking is also emerging and seriously affecting the development of business.
Industry is the foundation of a country. Excessive finance will destroy a country.
Yang Chengye thought for a moment and said grimly, "What you said may make sense, but these profits are what we, the investment bank, deserve. When everyone was pessimistic, when banks refused to lend, and when entrepreneurs were facing desperate situations, it was us who extended a helping hand! It was us who pulled those people and companies in need of rescue back from the abyss!"
"Yes, so even though everyone hated you in the past, no one blamed you for anything; because those benefits are what you deserve. But this time, the exploration of Tianwai Tian is related to the foundation of the entire country, and we must insist on focusing on industry. For the sake of the country and the future, this time, I want to be a bad guy. I, Yuan Zhao, propose: investment banks are prohibited from participating in this exploration of Tianwai Tian!"