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Volume 1 The Miracle of Qishan Chapter 158 Please Get Out

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    After dealing with the special case in Zhuoshan Town, Yang Shaozong finally realized that Qishan was very dangerous. This danger existed in two aspects. First, Ji Changyu violated the original gentleman's agreement with Yang Shaozong and began to control Qishan through Luo Fu.  The Management Committee of the Shan People's Commune is constantly forcing the government to merge into the Qishan District Committee. The so-called one team and two institutions is just a cover. The ultimate goal is to completely control and directly manage the Management Committee: The second is  The forced intervention of Ji Changyu and Luo Fu caused Zhongqi Asset Management Company to quickly intervene in a very unstable and turbulent period. After Yang Shaozong of the Five Giants left, Ji Changyu transferred Hua Kangsheng to the Provincial Policy Research Office through the dispatch of the provincial party committee.  He worked with the Provincial Academy of Social Sciences and was given deputy department-level treatment, and then began to force Jin Sheng, the palace administrator. After realizing this change, Hu Zuming, an American citizen, could not wait for the joint-stock reform promised by Yang Shaozong, so he hid in Hong Kong first.  As the vice president of Zhongqi International Investment Company, he tried to avoid these domestic political issues.

    Regarding Zhongqi Asset Management Company, Ji Changyu, who thought he was an expert in economics, actually didn¡¯t understand it. He thought it was very simple. However, without the control of these giants, Zhongqi Asset Management Company quickly encountered difficulties during large-scale mergers and expansions.  Due to the financial crisis, the debt ratio expanded sharply from the original level to 47%.

    Especially Zhongqi Group, due to large-scale land mergers and land prices plummeting by half in the second half of the year, has actually fallen into the operation of negative assets.

    Shenzhou Automobile Company, which had been progressing smoothly, was caught in the dispute between Huaihai and Qizhou. The joint venture Yuhua Auto Parts Company has been unable to settle on the final production base. Ji Changyu,

    The apparent incompatibility between Wang Zhongquan and Wang Zhongquan has become obvious, causing Qigang, a subsidiary of China Industrial Group, to encounter similar problems.

    Perhaps, because of this struggle, Ji Changyu began to have a more urgent desire to directly control the entire Zhongqi Asset Management System.

    This is a cornucopia. Whoever controls it will control inexhaustible wealth and political achievements.

    The main business of China Industrial Group itself is the relatively loss-making machinery industry in China, as well as the three industries of shipbuilding, steel, and automobiles. China Industrial Group was originally the only subgroup of Zhongqi Asset Management Company that failed to turn losses into profits.  In this fierce battle, especially the departure of Hua Kangsheng and the withdrawal of Hu Zuming, China Industrial Group fell into a more serious setback nationwide.

    In order to solve this series of problems, especially the most difficult liquidity problem due to the domestic monetary tightening, Guan Jinsheng and Xiao Wei continued to insist on listing Qizhen Group in Hong Kong to solve part of the debt crisis. As a result,  This was also misjudged by Ji Changyu, who did not really understand the market economy, as Zhongqi Company's desire to use the power of foreign capital to resist the nationalization process, especially the jurisdiction of the Qizhou Municipal Party Committee.

    As a result, Ji Changyu unceremoniously blocked Zhongqi Company's last escape route, and even blocked Qifang Group's plan to be listed in Songgu, lest Qifang Group further transfer its industrial center from Qizhou City to  Songzhou City.

    All this made Yang Shaozong dumbfounded. He avoided the fight between Jianlibao Company and the Sanyang County Party Committee by acquiring Jianlibao, and directly poached Pan Ning's team to re-establish the new Meiqi Electric Company, thus avoiding the entanglement between Pan Ning and Rong Guizhen.  , as a result, everyone was caught by Ji Changyu and the Qizhou Municipal Committee, and the entire Zhongqi Company fell into a battle with the Qizhou Municipal Committee.

    " From a purely economic perspective, Ji Changyu's level is nothing more than this. Compared with the five giants of Zhongqi Company, he can't even reach everyone's basic level.  If he is just a Secretary of the Banner Municipal Party Committee, that is not a big deal. What is truly most tyrannical about him is his father-in-law, Secretary Han of the Provincial Party Committee.

    It was this background, combined with the fact that he, Guo Youbin, and Wang Zhongquan formed a three-legged position in Huaihai City that made him basically lose control and do whatever he wanted. What he wanted to do was to make up for all the losses he had suffered in the previous years.  Get them back together, completely squeeze out Yang Shaozong's power, and control the entire Zhongqi Company by yourself.

    He doesn't care about Zhongqi Company's ambitions. What he wants is his political achievements in Qizhou City. He feels that he has no choice. Huaihai City is the place where he can really achieve results, and Wang Zhongquan and Guo Youbin are not as good as let.  He first developed Qizhou, then Huaihai, and finally entered the list of provincial committee standing committee members ahead of these two people.

    He was very domineering. He thought that he would not be able to do anything at all, unless Yang Shaozong would be transferred back to Qishan as fast as possible That would be impossible. Yang Shaozong is at the division level and is located at the center of power of the State Council. He has a bright future. Only a fool would re-enter at this time.  If you are transferred back to work in a local area, even if you are transferred back, you will at least work in Qizhou City and Huaihai City. You may not necessarily have the opportunity to continue to work for Zhongqi Company and Qishan People's Commune Management Committee.

    It¡¯s a pity that he was wrongsp; Such leading cadres are rare, but those greedy officials will attack Zhongqi Company sooner or later.

    After experiencing this series of turbulence, everyone in the Qishan People's Commune has realized that demutualization is the inevitable outcome. If they don't take this path, don't list overseas as soon as possible, and don't introduce central enterprises and Hong Kong capital equity as soon as possible to form checks and balances, local leaders will be like that.  Disgraceful greed will destroy Zhongqi Company sooner or later.

    In April 1994, under the leadership of Yang Shaozong, Qishan people completed the demutualization reform at lightning speed. During this period, Hu Zuming also returned from Hong Kong urgently to participate in the entire demutualization reform.

    The final plan is to first reorganize Zhongqi Asset Management Company into Zhongqi Holding (Group) Corporation, split Zhongqi Group, a subsidiary of Zhongqi Holding (Group) Corporation, into two, and reorganize the original Zhongqi Mining Company into Qishan  The mining group company retains the nature of a fund-raising social enterprise, and the remaining industries are merged into Zhongqi Holding (Group) Corporation, including Zhongqi Real Estate Company, Zhongqi Wantong Securities Company, Zhongqi Trust Investment Company, and Zhongqi International Investment Company.

    Zhongqi Holdings continues to be referred to as Zhongqi Group. In fact, it is already the main operating unit of Qishan Commune's assets. It has implemented a 30:40:10:20 shareholding reform for Zhongqi Group, with 30% held by the commune and Qishan People's Commune.  All members share 40% on a per-person basis, Zhongqi Entrepreneurship holds 10%, and finally the employees and management team of Zhongqi Group receive 20%.

    The original Zhongqi Wuzhou International Hotel Management Company under the China Flag Group was reorganized into the Wuzhou International Hotel Group. It is jointly held by China Flag Group, Hong Kong New World Group, Cheung Kong Holdings, and China International Trust Corporation. China Flag Group passed the China  Subsidiaries such as Qi International, Zhongqi Trust and Fuqi Group achieved a 52% shareholding ratio, and reached a share exchange agreement with Hong Kong New World. Zhongqi International Investment Company holds 5.4% of New World Group¡¯s outstanding shares.

    Qizhen Group, a subsidiary of China Flag Group, reduced its shareholding in Qizhen Group to 70% through a share exchange with Yangtze River Industries and New World Group, and achieved an overall listing in Hong Kong.

    In May 1994, Qifang Group and the Songzhou Municipal Party Committee State-owned Assets Management Center reached a share exchange agreement, exchanging 7.5% of the equity for Songzhou United Textile Corporation to achieve a backdoor listing in Songgu.

    At the end of May of the same year, Fubon Chemical Group, Huiyou Electrical Group, Conch Group, R&F Group, and China Group under Zhongqi Group successively implemented demutualization reforms. The management team and employees held 15% of the shares, and Zhongqi Group held about 70%.  The remaining shares have been continuously exchanged with foreign capital and central enterprises through a series of share exchange agreements. In particular, through the share exchange with Hong Kong China Merchants Group, 14% of the shares of R&F Group were exchanged for 13.4% of the shares of China Commercial Bank.

    Through this series of operations, before June, Yang Shaozong not only completed most of the demutualization reforms of Zhongqi Group, but also solved the capital chain problem of Zhongqi Group, and once again gathered more than 20 billion in funds in his hands.  !  .
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