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Volume 1 The Miracle of Qishan Chapter 155 The Entrepreneurship Wave in Qishan

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    Chapter 155: The Entrepreneurship Wave in Qishan

    After the Zhongqi Department fully intervened in the stock markets of Songshen and Shenzhen in China, the stock markets of the two places began to rebound strongly from November 1992. Song shares rose from the lowest point of 386 points, reaching the daily limit almost every day. At this time, no matter whether you buy any stocks  You can make a lot of money from just one stock.

    After absorbing enough tradable shares of Yuyuan Mall, Zhongqi Group became the controlling shareholder of Yuyuan Mall through direct transactions of legal person shares and other non-tradable shares, and through Zhongqi Wantong, Zhongqi Trust, Zhongqi Entrepreneurship, Zhongqi New  Chuang and more than 600 other joint investors headed by Song Fangzhou have achieved absolute control of Yuyuan Mall, with a holding ratio as high as 86%.

    Among the 11.29 million shares of Yuyuan Mall, 14.34% of the original state-owned shares and 71.64% of the legal person shares were basically acquired by Zhongqi Group at an average price of 32 yuan per share, which was 2.3 times higher than the market price at the time. In addition, there were 1.58 million shares in circulation.  The market absorbed more than half of the stocks.

    As the Song Index returned to a new peak of 1,150 points and the average stock price of Yuyuan Mall reached 62 yuan per share, Zhongqi Group's second share reform application for Yuyuan Mall was approved by the China Securities Regulatory Commission, and the additional issuance of market shares reached  37.9 million shares, and each share is split into 5 shares, and every 5 is split to get 1 free. In this way, the original 85.98% of legal person shares are reduced to 72%, the market circulating shares reach 227.4 million shares, and the stock price per share is reduced to 6.7 yuan.  .

    During the same period, Zhongqi Group¡¯s overall plan for the entire Yuyuan Mall was officially announced, causing the share price of Yuyuan Mall to soar to 37 yuan per share, becoming the leading stock in Songgu, driving the entire market up.

    At this stage, Yuyuan Mall gradually released a part of its circulating shares to the market and raised funds through a second cash out, absorbing a total of 2.183 billion yuan in market funds, completing the originally estimated fund-raising plan.

    Under the control of Guan Jinsheng, Yuyuan Mall, a subsidiary of Zhongqi Group, made a very good turnaround in Songgu and became the leading stock market in Songgu. It echoed with Shenzhen Development Bank and became the leading stock market of Zhongqi Group in Songgu and Shenzhen.  The weather vane also relies on the strength of these two stocks to maintain the Songshen Stock Index.

    With the recovery of Songshen and Shenzhen cities, Zhongqi Trust Investment Company, Zhongqi Wantong Securities Company and other related investment companies and joint investors have made enough money. With sufficient capital in hand, Zhongqi Asset Management Company finally decided to  In 1993, the third round of major mergers and acquisitions began in China.

    In 1992, Zhongqi Asset Management Company introduced several very interesting talents, who later showed their talents on various stages. The first person was Jiang Zhenhua, a master's degree in economics, who originally worked in the Policy Research Office of the State Council.  On weekends, I often go around looking for people to chat with.

    This year, unwilling to be lonely, he decided to go into business, but was introduced to Zhongqi Asset Management Company by his colleagues.

    This person is very powerful. He can speak very well. He convinced college senior Hua Kangsheng to become the property leasing department manager of Zhongqi Real Estate Company with just one word. The reason why Hua Kangsheng made such a decision is indeed  Because this person is very eloquent and comes up with very creative ideas.

    At that time, no one could estimate how much money this idea would make for Zhongqi Real Estate, but it was really a lot, so much that it was difficult to count.

    Jiang Zhenhua's idea is to acquire land from state-owned enterprises and institutions, and then lease it to them for free for five to ten years, followed by paid leases, signed every three years. Once the price of the land increases, they will take it back and reinvest in construction.  house.

    The reason why he thought this was because Hua Kangsheng wrote a book about the development of the real estate industry in Japan. He read it and thought people were stupid. If they knew that housing prices would rise, why didn't they hoard land earlier?

    When purchasing land directly from the city government, you must start construction quickly. Otherwise, the leaders of the municipal party committee will stare at you like flies all day long. Unless your background is particularly strong, the leaders will not dare to mess with you.

    This is definitely not good. Jiang Zhenhua is a member of the system, and of course he knows this very well, so it is meaningless to directly buy a large amount of land with the municipal government in advance. There is currently no land exchange certificate in China, so how can we invest in advance?

    He thought of a way to directly bypass the municipal government and conduct transactions with state-owned enterprises and institutions.

    As expected, he is worthy of being a researcher at the Policy Research Office of the State Council. Although he is very young, Jiang Zhenhua has really grasped the pulse of domestic real estate reform that must continue to deepen, and then found an evil shortcut for himself and Zhongqi Asset Management Company.

    At that time, 90% of the state-owned enterprises and institutions in the country were facing huge expenses and losses, so we spent a large sum of money to buy their land, gave them a sum of money for emergency relief, and then leased the land to them for free for five to ten years.  , this is definitely a good business.

    Hua Kangsheng was excited and directly appointed Jiang Zhenhua as the department manager of the property leasing department, with full responsibility for this matter.

    Jiang Zhenhua was very excited at the time, but when both Guan Jinsheng and Yang Shaozong heard about itHe went to inspect a management area and talked with many members. Finally, he came to the conclusion that Qishan's economic development will inevitably lead to this situation at this stage. This is an extremely natural process. If you want to forcefully retain the land,  It would be difficult for commune members to maintain their status as farmers unless the commune wanted to implement more coercive management.

    Although he doesn't like those small factories, this is also an inevitable process of Qishan's economic development. With the further tightening of land supply and the increase in the economic strength of these industrial pioneers, under the regulation of the government, Qishan can gradually realize industrial upgrading.  .

    In 1993, Yang Shaozong officially participated in the Eighth People's Congress for the first time. Because there was a conflict between the National People's Congress and the China Economic Forum, Yang Shaozong came back to attend the economic forum a few days late.

    It should be said that he witnessed a new historical moment when the terms "socialist market economy" and "primary stage of socialism" entered our country's constitution.

    In recent years, the National Communist Party Conference has always been scheduled relatively late, and there were indeed too many things discussed. After the conference ended on March 31, Yang Shaozong arranged for someone to book a plane ticket that night and prepare to return to Flagship immediately.  Shan participated in the Third China Economic Forum, but just before he was about to leave, someone from the State Council called him to inform him that he was asked to wait a moment, and Vice Premier Rong would arrange time to meet with him alone in the next few days.

    Yang Shaozong could only stay in the capital hotel temporarily and wait for the reception. The next day, Xiao Wei called him. According to her friends in the capital, Vice Premier Rong intended to transfer him to work in the Economic Working Group of the State Council, and he mentioned it more than once.  Pass.

    This news made Yang Shaozong really shocked. He was not happy, but worried about gains and losses.
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