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Volume One: The Miracle of Qishan Chapter 149: Good Situation and Bad News in Ten Billion Town

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    Chapter 149 Good situation and bad news in Ten Billion Town

    Zhongqi Asset Management Company has always been the structure of the three giants. Even if a tycoon like Li Jingwei joins, this structure will not change until another person joins.

    In October 1991, with the rapid expansion of domestic business, two new people joined Zhongqi Company, making Zhongqi a new Big Five. One was Qian Jiawei and the other was Hu Zuming.

    The former is a Hong Kong native. He graduated with a master's degree in business administration from Georgetown University in the United States. He joined Morgan Stanley Investment Bank in 1983. He was transferred back to Hong Kong in 1985 as the head of the Hong Kong department, responsible for corporate fundraising, stock issuance, and corporate affairs in Hong Kong and Southeast Asia.  Planning consulting and M&A work, just before Goldman Sachs in Hong Kong wanted to poach him, Zhongqi International Investment Company took the lead in recruiting him to its subsidiary, replacing the incompetent Guan Jinsheng as the general manager of Zhongqi International Investment Company, and at the same time, he was the general manager of Zhongqi International Investment Company.  Director of the consulting department of Banner Asset Management Company.

    Hu Zuming is another type of person. He was later called the most handsome Chinese economist. After graduating from Harvard University with a PhD in macroeconomics in 1988, he has been working as an official and analyst at the International Monetary Organization.

    ¡°If Zhongqi Company had not invited him with a lot of money and special ideals, five years later, he would have become the chief Asia-Pacific economic researcher and head of the economic department of the Davos Forum in Switzerland, and even served as an executive director of Goldman Sachs.

    This is a strong man, more like Hua Kangsheng. He is more of a corporate person than an economic analyst or researcher.

    After Qian Jiawei, who is quite popular in the Hong Kong investment community, took office, he quickly rehired some senior analysts and traders in Hong Kong and Singapore in an attempt to put Zhongqi International Investment Company on the right track.

    Hu Zuming returned to China and served as a chief analyst in the planning department of Zhongqi Asset Management Company.

    In addition to these two people, as Zhongqi Asset Management Company further expanded its business, Zhongqi Company invited more people to join, especially through Zhongqi International Investment Company, which was relatively more flexible in terms of salary and benefits.  In China, a large number of senior personnel from banking and financial authorities are hired, and some people with professional engineering and technical chief level are hired as heads of technical departments.

    Through this series of staff expansion, Zhongqi Asset Management Company had enough manpower to run more projects, and then it further expanded and gradually transferred many projects negotiated before September 1991 into formal operations.  Start merging and accepting new projects.

    On the other hand, through negotiations with the Provincial Academy of Social Sciences, Yang Shaozong reorganized the Qishan Economic Research Institute of the Provincial Academy of Social Sciences into the Qishan Economic Research Institute, with Li Zhaotang personally serving as the dean, and Comrade Xiao Aihua, the former director of the institute, serving as the deputy dean.  , Associate Professor Tian Binjiang, whom Hu Zuming met while studying in the United States, was hired as the deputy dean of the institute.

    Tian Binjiang, born in 1953, received a master's degree in mathematics from Huazhong University of Science and Technology in 1982, went to the United States for further study, and received a doctorate in economics from the University of Minnesota in 1987. In June 1991, he just became an associate professor at the University of Texas and received tenure.

    Under such circumstances, Zhongqi Company successfully invited Tian Binjiang to return to China as the vice president of the Qishan Economic Research Institute, and continued to invite I.M. Pei as the vice president, and the famous Hong Kong designer Mr. Yan Xunqi  Invited as a special consultant, senior designer Mr. Xu Jiaqi is willing to serve as a town civil engineering planning consultant in Qishan.

    Zhongqi Asset Management Company did all this series of things very grandly, but did not do much publicity. They just developed a bilingual information booklet in Chinese and English and sent it to several municipal committees in their target cities*  **¡ª¡ªHuaihai City, Ningzhou City, Chuzhou City.

    They plan to start with these three cities and provide consulting services on urban economy and planning and design. They will make money while consulting. This is of course the highest goal.

    Maybe they can make money without doing this, but everyone agrees with Yang Shaozong¡¯s proposal. They want to do higher-level work to make their careers more meaningful.

    From the three giants to the five giants, the most obvious change of Zhongqi Asset Management Company is that it is more subtle, and many tasks can be carried out in more depth. Before 1992, they successively completed the inspection of 11 domestic cement plants as a priority.  acquisition.

    Although only two of these 11 cement plants are large state-owned enterprises in the country, and the others are relatively small, they are reasonably distributed, have obvious industrial advantages, and are surrounded by good cement industry resources.

    In addition to the original acquisitions of Ningzhou Cement Factory, Huaishan Cement Factory and Huaihai Cement Factory, they are actually the largest cement supplier in China and are expected to start using the unified Conch brand cement in 1993.

    This is obviously just the beginning. Although they are the largest in the country, their share in the national cement industry is still less than 1%. Their goal is to strive for at least 40%.

    &nb, such people are called Xinqishan people.

    Almost every time the national media reports, the population of Qishan Town will expand. As the only unplanned town in Jiangdong Province, Qishan Town is already a county in terms of finance, project approval and other rights, and the administrative level is deputy county.  level, the average fiscal profit and tax retention rate is 37%, which is 10 points higher than the average of other towns.

    This is actually the biggest contradiction between Qishan Town and Qizhou City. Qishan Town retains 37% of its local finance and taxation, while the Huaihai Prefectural Committee and Provincial Committee retains 1/5 of the tax, which is turned over to the state.  1/4 will definitely not be moved, and the part that originally belonged to the Qizhou Municipal Party Committee will be reduced by 10 points.

    These 10 points usually mean 110 million, and the leaders of Qizhou City are certainly not satisfied.

    Qishan Town is the real beneficiary. The total amount of retained profits and taxes in 1991 was 407 million yuan, almost twice that of the Qizhou Municipal Party Committee. However, Yang Shaozong only managed one town, and there were still a large number of commune assets in this town.  Available for call.

    As the number of people in Xinqishan continues to increase, Qishan's economy has actually begun to be run by Xinqishan people. The Qishan People's Commune Management Committee even secretly adjusted the rules and regulations for returning to foreign employment and allowed for international employment.  First-class experts, scholars and professional managers are given higher standards of treatment. For example, Hu Zuming returned to China this time to work at Zhongqi Company. His actual annual salary plus subsidies is one million yuan, and bonuses are calculated separately.

    People in Xinqishan have also begun to invest in the great wave of public-private partnerships in Qishan, establishing hundreds of small companies and doing some businesses in Qishan that outsiders can't even understand. They sell copiers, computers, and even make software.  To make Hanka, they gathered at Hongqi Square and Changjiang Road, seizing every opportunity when municipal party committee leaders and other companies from various places came to Qishan for inspections, and promoted their products to them.

    Wang Shuhe, who had made special contributions to the founding of Lenovo, was the leader of these people. He was responsible for investing shares in these small companies. At that time, there was a man named Xu Wei who borrowed money to buy a copy machine and opened it in Hongqi Square.  A storefront that specializes in copying documents for people.

    Wang Shuhe has invested a lot of money in such a small store.

    Wang Shuhe is definitely not a good angel investor. He doesn¡¯t even know what relationship he has with angels. He just thinks that these college students and graduate students who have suffered losses are very pitiful and have good ideas. It should be lent to them to start a business.  A good thing, and Yang Shaozong had similar thoughts to him.

    At this time, everyone certainly did not expect that Xu Wei would later sell the Canon copier he bought all over the country, and for a time became the largest agent of the Canon brand in the country.

    Such examples became common in Qishan later. People later summarized the reasons, and the only conclusion was that Qishan had the largest logistics company in the country at the time - Qizhen Jetta Transportation Company. As long as the goods were shipped in Qishan, they could be delivered in the shortest time.  cities across the country.

    Qizhen Jetta Transportation Company later became China United Transportation Group Corporation, and the chairman of this company, Jiang Yonghua, was originally the deputy director of the dispatching office of the Ningzhou Railway Bureau. When he joined the Qishan Food Factory as the director of the Qishan Food Transportation Department  Only 25 years old, he said that he didn't have many ideas at that time. He didn't know what kind of company he wanted to build. So he went to Yang Jianlin, who asked him what the largest foreign logistics company looked like.  He said he didn't know, and Yang Jianlin didn't know either, so they went to check the information together and found that the largest logistics company in the United States is FedEx.

    So Jiang Yonghua said we should also build a Chinese FedEx company. Yang Jianlin said yes, we should do this. But at that time, they did not know that American FedEx was actually another model in the logistics industry. They were not very familiar with it.  They understood, so they took a detour, but this detour unexpectedly made them particularly successful.

    In 1991, Qizhen Group's Jetta Transportation Company had already gone astray. They set up stations all over the country, with large warehouses in each place, following the example of FedEx in the United States, which brought a great financial burden to them.  , was once the only loss-making enterprise under Qizhen Group, but they still survived.

    During this process, they continued to expand their business, including the business of a small agency like Xu Wei, and eventually developed. Xu Wei and others also relied on Jetta Transportation Company to make their first pot of gold in life.

    In 1992, Yang Shaozong was in a hurry to hold the second China Economic Forum, and he was also planning to hold a China Commodity Fair immediately after, followed by the China Food Industry Expo.

    It was a good idea, but it didn¡¯t take long for me to receive a blow.

    By the end of January, preparations had been made in Qishan. A deputy director of the Economic and Trade Commission who accompanied Chief Deng to inspect Qishan last time arrived in Qishan.  This person has two tasks. One is to deliver the name of Qizhou University signed by Director Deng to prepare for the official opening of Qizhou University in the fall of 1992. The other task is to inform Qishan that Director Deng plans to arrive this year.  If you go to Shenzhou and other coastal cities, you probably won¡¯t come to Qishan for inspection.

    The worst thing is that this man revealed something to Yang Shaozong. It was probably because Qishan had merged too many state-owned enterprises in the past two years, which caused a backlash from the Planning Commission and many conservatives. Everyone always felt that this matter would be very unhappy if it continued.  Well, many people's opinions were directly fed back to Chief Deng. This should be one of the reasons why Chief Deng will not come.Qizhou University was ready to officially open in the fall of 1992; another task was to inform Qishan that Director Deng planned to visit Shenzhou and other coastal cities this year and would not come to Qishan for inspection.

    The worst thing is that this man revealed something to Yang Shaozong. It was probably because Qishan had merged too many state-owned enterprises in the past two years, which caused a backlash from the Planning Commission and many conservatives. Everyone always felt that this matter would be very unhappy if it continued.  Well, many people's opinions were directly fed back to Chief Deng. This should be one of the reasons why Chief Deng will not come.
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