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Volume 1 The Miracle on Qishan Chapter 143 China Economic Forum

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    Chapter 143 China Economic Forum

    We also want to engage in the steel industry. Qishan, Fushan, and Jingxi are the three most well-known commune system groups in China. Everyone has different approaches. Of course, Fushan is the big brother, and they started in the 1970s.  It started as a small hardware and steel pipe factory, and then got involved in the steel industry. Now the annual output value of a Fushan village is more than 2 billion.

    This is the output value of iron plate, and what comes out are steel pipes.

    Until many years later, Fushan had collapsed for many years, but among the top ten steel pipe manufacturers in the country, two were still located in Fushan, and the foundation of these two companies was the legacy of Fushan's village-run enterprises.  It became a private joint-stock enterprise.

    Jingxi originally wanted to cooperate with Qishan, but it would definitely find Fushan in the end. Perhaps Fushan had already agreed, but Comrade Wu from Jingxi Village wanted to try his luck in Qishan.

    Jingxi Village¡¯s idea is similar to that of Fushan, that is, they follow Fushan¡¯s method, but what makes them different from Fushan is that they think further and keep a low profile.

    Qishan¡¯s idea is another way of thinking. In other words, Zhongqi Asset Management Company operates purely in accordance with the principles of market economy. It is very low-key, and its actual goal is also the largest.

    After Lao Wu left the Ninghai area, Yang Shaozong finally heard the news within a few days - Wang Zhongquan finally agreed to the arrangements of the provincial party committee and decided to go to Huaihai City to serve as the municipal party committee secretary. He still listened to Yang Shaozong's suggestion and  During the bargaining process with the provincial party committee, a provincial-level port development zone¡ªQingpu Port Industrial Development Zone¡ªwas approved for Huaihai City.

    For Yang Shaozong, this is really the best news.

    He still wanted to deal with people like Guo Youbin, but how should he deal with them?

    There is no way at all. The only way is to join forces with Wang Zhongquan. Wang Zhongquan is not that stupid. The situation in Huaihai is so chaotic. How can he be willing to come and take risks? Even if Ji Changyu and Yang Shaozong can help, these two people are in the county after all.  It is impossible to take action within the municipal party committee.

    Wang Zhongquan took a risk, and he didn¡¯t know what his chances of winning were.

    On October 7, 1990, the 11th Capital Asian Games ended with a grand closing ceremony. In the focus of all Chinese people, Jinfuji's 6 million yuan sponsorship fee was really profitable, and the overall sales volume was obviously  At least doubled.

    ??Making money, making money, you can say, because Jinfuji's profit margin is too high.

    Just before the Asian Games, Iraq went to play Kuwait. The price of oil soared from 8 US dollars per barrel to 17 US dollars, and it was still rising, with a price every day.

    Zhongqi International Investment Co., Ltd., which is only responsible for buying oil futures in Hong Kong, has made a lot of money. All the money earned is US dollars, which can still be held in hand. This is of great significance, because Zhongqi International Investment Co., Ltd. buys oil futures from abroad.  The cost of purchasing equipment is very high. It is not easy to save tens of millions of dollars, but it is also very useful.

    The worst thing is that East Germany and West Germany merged again, and the turmoil in the Republic was quietly fluctuating. The good news is that the Shanghai Stock Exchange was finally established on November 26 of this year.

    There was one thing that happened two days later, but no one cared about it at the time - the registration of the cn domain name was completed.

    In this year, while Zhongqi Company was busy reorganizing many of its companies, a generation of football champions performed a miracle that was not a miracle at the World Cup in Italy, leading the old, weak and disabled Argentina to the finals again, but this time  It was also the last glory of his football career.

    While watching the World Cup final, everyone was sighing for this magical figure, while Yang Shaozong was thinking in his heart that if Zhongqi Asset Management Company could intervene in Chinese football, he planned to invite the football king to Qishan.

    It ended like this in 1990. Robust Prebiotics, Virgin Coke, Virgin Fruit, Zhenji Instant Noodles, Zhenji Soy Milk, Qi Brand Fish Sausage, Qi Brand Chicken Sausage, Qi Brand Seafood Soy Sauce, Qi Brand Blended Oil  , Robust Premium Yoghurt, Calix Sports Functional Drink, Minute Maid Coconut Juice, etc., the total output value of Qizhen Group reached 17.74 billion yuan by the end of the year, and the profits and taxes paid reached 430 million yuan.

    This result is still very good. Of course, compared with Daqing Petroleum Company and Yuxi Cigarette Factory, it pales into insignificance. Although the output value is similar, their profits and taxes are more than one billion. After all, it is a high-tax industry monopolized by the state. Compared with  I can't afford it, I can't afford to be hurt.

    However, the potential of Qizhen Group is still endless.

    Among the large number of products launched by it, most of them have been sold nationwide, but they have not reached the limit of growth. Coupled with the rapid depreciation of RMB in the future, it will not be possible for Qizhen Group's output value to increase tenfold.  Too difficult a task.

    In 1990, the local output value of Qishan reached 8.2 billion, which was basically complete.? Pan Ning could be allowed to hold a part of the shares at the right time, and Pan Ning immediately agreed.

    The first China Economic Forum provided many opportunities to the people of Qishan. Not only did Qishan once again become the focus of the Chinese media and Chinese people, it also made Qishan a lot of money. Zhongqi Company was not only semi-public  He poached people and openly discussed business with leaders of other cities and the reform of state-owned enterprises.

    After last year's large-scale expansion and mergers, the state-owned enterprises merged by Zhongqi Asset Management Co., Ltd. all experienced great changes in half a year. More than half of the enterprises turned losses into profits that year, which made those who came to the meeting  Many local leaders are very interested.

    Especially when I went to Qishan and saw the entire environment of Qishan, as well as the special appeal of Zhongqi Asset Management Company in the economics community, and the degree to which it was highly praised by everyone, almost all these local leaders got excited.  .

    About 20 city leaders came to Qishan to participate in the forum. Many of them were carefully selected by Zhongqi Asset Management Company, and some even discussed for a long time without making a decision.

    In particular, Dalian Hongyuan Shipyard, Shenyang Machine Tool Factory, Harbin Pharmaceutical Factory No. 3, and Shenyang Cable Factory are all good companies that Zhongqi is eyeing. As long as Zhongqi takes over, good changes can occur within a year.  .

    After visiting Qishan and walking around the China Economic Forum held in Qishan, the leaders of these municipal committees basically changed their original hesitant attitude and became more enthusiastic about the transfer to Zhongqi Company.

    Zhongqi may be shameless, but it has done nothing wrong.

    Zhongqi Company¡¯s approach is to first select a good company, then acquire it, rebuild it into a better company, reorganize and list it, and continuously merge with other companies in the industry. In this wave of continuous mergers, Zhongqi Company  It will gradually change from full ownership to holding, partial holding, and shareholding.

    This is the development path chosen by Yang Shaozong, Hua Kangsheng, and Guan Jinsheng. They want to build the largest asset holding company in China and challenge world-class investment banks such as JPMorgan Chase and Goldman Sachs.

    The three of them feel that they are very good and have an 80% chance of success. The fact is that they are indeed very good. Guan Jinsheng has returned to his old business and finally passed the test of the Jiangdong Provincial Party Committee and worked at Zhongqi Asset Management Company.  Zhongqi Huitong Securities Company was established under its subsidiary.

    While developing the securities business, Guan Jinsheng and Hua Kangsheng were responsible for training new employees. They recruited a large number of undergraduate and graduate students from the economics department, and recruited young and middle-aged people with better basic skills from the merged state-owned companies.  Management cadres should focus on investment management training, look for various cases from the information they can collect, and even directly use Harvard Business School teaching materials to retrain and re-educate these people so that they can become Zhongqi Asset Management  The backbone of the company.

    This rapid hematopoietic ability is the real capital of Zhongqi Company in its expansion. They actually have the best group of experts and practitioners in corporate mergers and reorganizations in China.
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