When Wang Jianlin gave a speech at the annual meeting of Chinese business leaders, he made a comparison from the perspective of assets and liabilities, indicating that the debt was 420.5 billion. In fact, Wanda's debt of 420.5 billion yuan refers to the house payment received in advance, the project payment payable, the accrued reserve and bank loans. It is not that Wanda owes the bank 420.5 billion, nor that Wang Jianlin owes the bank 400 billion.
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If the boss dares to borrow so many debts from the bank, he will naturally be able to repay them. Banks don't give loans to people at will, but they all go through strict examination and inspection. Of course, the boss also has private property such as real estate as collateral.
The big boss who borrows money from the bank doesn't want to have fun. They also have projects worth investing in to borrow so much money. Although the loan amount is huge, there are also many opportunities to make big money and repay the money borrowed from the bank quickly.
The enterprise itself is a valuable asset, which can be mortgaged and realized. At the same time, an enterprise is a chicken that can lay eggs and generate profits. Like ordinary individuals, they also strictly abide by the contract and repay the loan to the bank every month and year.