After being arrested, it actually caused a credit problem in a commercial bank, which is a bit unbelievable. However, when you know the person's identity, you may change your mind. The arrested person is an old woman in her sixties. Her other two identities are real estate tycoon

On October 10, the governor of Vietnam's central bank came forward to respond to the issue of Saigon Commercial United Stock Commercial Bank. He said that depositors do not need to rush to withdraw unexpired fixed deposits. The funds existing in this bank are safe in any case, and is guaranteed by the state .

This bank in Vietnam suffered a run and forced the central bank to speak out. The reason for this is that a well-known figure related to the bank was recently arrested by Vietnamese police, and depositors were worried that it would be difficult to withdraw the deposits.

Who has such a big background? After being arrested, it actually caused a credit problem in a commercial bank, which is a bit unbelievable. However, when you know the person's identity, you may change your mind. The arrested person is an old woman in her sixties. Her other two identities are real estate tycoons and Vietnamese richest woman.

Zhang Meilan is a Chinese, with her ancestral home from Guangdong. Her family came to Vietnam to work hard more than 100 years ago. After several years of ups and downs, the Zhang family has reached the peak of Zhang Meilan's generation. As the founder of of ,000 Shengfa Group, Zhang Meilan's wealth has made him a person who can call the wind and rain in Vietnam.

It is worth noting that Zhang Meilan once donated 570 million yuan to the government when the COVID-19 epidemic in Vietnam was at its worst. At the same time, gave away a large amount of medical supplies, which was well received by the local government and the public.

However, as time goes by, Zhang Meilan has become a prisoner, and what she will wait until her will be the accusation of financial fraud . Did the Vietnamese government attack a rich woman who made a big donation during the epidemic? Did she burn bridges across the river or did Zhang Meilan do illegal things? This has to start with Zhang Meilan's history of making a fortune.

Vietnam announced reform and opening up as early as 1986. It was just that it was superficial. It was not until that Vietnam discovered an object without reference after the collapse of of the Soviet Union. Later, it learned from China and officially implemented reform and opening up, almost copying China's development model. It was said that "China crossed the river by feeling the stones, and Vietnam crossed the river by feeling the stones."

Zhang Meilan, born in a business family, has a keen sense of business and sees hidden business opportunities. Whatever China does in the early stage of reform and opening up, Vietnam will definitely vigorously develop this industry. Following this idea, Zhang Meilan began to engage in foreign trade business. Later, with the help of her husband, she won the agency rights of South Korea's LG and made a lot of money.

The business is getting bigger and bigger, and Zhang Meilan's appetite has become bigger. Foreign trade business can no longer satisfy her, so she entered the real estate industry. Ho Chi Minh City landmark building Saigon Times Square was developed by Zhang Meilan's company.

Vietnam's housing prices have risen rapidly in recent years. The average housing price in the capital Ho Chi Minh City has even caught up with some second-tier cities in China. But in fact, the Vietnamese property market had already started more than ten years ago. Zhang Meilan "judged the situation" and investing in Vietnam's real estate has allowed her wealth to grow rapidly.

Zhang Meilan, who tasted the sweetness, decided to go further, combine finance and real estate, and initiate leveraged investment, which also laid the groundwork for her later arrest.

Zhang Meilan's series of financial operations between 2018 and 2019 were exposed by the Vietnamese government, which is vigorously promoting financial anti-corruption, and briefly talk about her operating methods.

After taking a piece of land, it only uses a small part of its own funds to purchase it, and most of the funds come from financing.

The first step is to issue bonds. The issuance of bonds requires the purpose of the funds. Zhang Meilan found several pieces of land that had not been developed for a long time, issued bonds on the grounds of development, and then bought these bonds with another company she controlled.

The second step is that the company investing in bonds packages these bond assets into financial product , attracting people to purchase in the name of high interest rates and rigid redemption, and after raising funds, add some of their own funds to buy the land.

The essence of this operation method is to borrow chickens to lay eggs and use the money people have to buy land for purchases of financial products. Since the Vietnamese property market has been rising, after buying, I waited for a while until the land price rose sharply before selling it to earn the difference, which is exactly the same as the domestic method of speculating on real estate and land.

Judging from Zhang Meilan's operation methods, it is indeed illegal. The funds raised are not used to develop land but to pay for other lands. In addition, the financial products sold to the public do not clearly explain the whereabouts of funds, which meets the definition of financial fraud. The Vietnamese government dares to arrest the richest woman, which shows that it has sufficient evidence. Zhang Meilan's prison disaster is probably not spared.

On the other hand, Zhang Meilan has a close relationship with Hong Kong real estate tycoon Li Ka-shing . In the first half of this year, he persuaded the latter to come to Vietnam to invest. Do you still remember that there was a news report some time ago that Li Ka-shing actually controlled Cheung Kong Group to come to Vietnam to invest in real estate? It was Zhang Meilan who matched her Chaoshan fellow villager " Li Chaoren ".

What negative impact will the arrest of the richest woman have on Vietnam?

The most direct impact is probably the attitude of foreign capital towards Vietnam. At least Li Ka-shing will reconsider whether to continue investing in Vietnam. Vietnam's economy is developing rapidly, and foreign capital has played an important role. If foreign capital reduces investment in Vietnam due to this incident, it will cause Vietnam's economy to suffer a heavy blow.

If that is the case, why does the Vietnamese government still do this? It may be due to the consideration of curbing real estate speculation and maintaining its manufacturing status.

Whether it is Zhang Meilan, other real estate developers in Vietnam or Li Ka-shing, they are all beneficiaries and supporters of real estate speculation. If there is no control, Vietnam's already rising housing prices will further increase, threatening the development of manufacturing.

The real purpose of the Vietnamese government may be to use this wave of financial anti-corruption to warn other real estate developers (including domestic and foreign corporations) not to do too much. From this perspective, even if Zhang Meilan donates much money, it is useless. Compared with the negative impact of real estate speculation on the entire country's industrial layout, a donation of RMB 570 million is really nothing.

This move by the Vietnamese government is a dangerous move, but it has to be taken. Whether it can curb real estate speculation and whether it will trigger panic withdrawal of foreign capital will be given by time.

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