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Volume 1 The Miracle on Qishan Chapter 183 Asian Financial Crisis (1)

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    Before arriving in the capital, Yang Shaozong had no idea that he would launch such a huge plan and reform this time. In fact, his ideas had been influencing Prime Minister Rong, Chen Guangming and others during hundreds of conversations.  , and now, with his growing voice in the economics community, all this has finally borne new fruits.

    Many things are relatively easy to say but extremely difficult to do. It still requires a lot of strength to carry out such large-scale policy adjustments in the country.

    The adjustment from state monopoly to state capitalism is not easy, but at least one thing is a very important foundation, that is, Prime Minister Rong decided to go all out to promote this process, and his most important ally is the Asian  The former subordinate of the richest man and the best economist in the country - Yang Shaozong, chairman of the board of directors of the Zhongqi Department and the China Department.

    Yang Shaozong can promote this matter from another level, that is, to get those lackey economists to change their tune and promote new reforms in a high-profile manner.

    There is no doubt that the Southeast Asian financial crisis will be a good opportunity. First of all, we must give a loud slap to the domestic mainstream economists and local government influencers, that is, the development of the real estate industry cannot bring real benefits to the Chinese economy.  Growth, this kind of growth has the characteristics of a bubble.

    In the Southeast Asian financial crisis, if Singapore was relatively least affected, then a new debate can be started on this issue, that is, learning from Singapore.

    The first change must of course start from Yang Shaozong.

    A few days later, after confirming with Xiao Wei on the phone, Yang Shaozong held a large-scale press conference and officially announced that he would divide his equity in Zhongqi Investment Bank into two parts for the establishment of the Yang Shaozong Charitable Foundation.  Established in Hong Kong, it operates in accordance with Hong Kong¡¯s existing charity fund operating regulations. About 15% of its income is used for charitable causes in China and around the world every year. It is currently mainly engaged in donation work for the China Hope Project.

    In addition, he personally donated 30 million yuan to Tsinghua University to establish the National Science and Technology Industry Research Center of Tsinghua University, and donated 120 million yuan to the University of Science and Technology of China to establish the Computer Information Engineering Research Center of the University of Science and Technology of China.

    Prior to this, Premier Rong had finalized this matter that had been delayed for more than a year, and agreed to the application of the University of Science and Technology of China to move its campus to Qizhou, so that Jiangdong and Hui provinces would no longer argue over this matter. The University of Science and Technology of China originally  With its campuses, assets and teaching staff in Huizhou Province merged into Huizhou University, the University of Science and Technology of China almost left home and started anew in Qizhou.

    Having said that, in fact, the main faculty of the University of Science and Technology of China have already moved to the Qizhou branch, including their most proud eleven academicians of the Chinese Academy of Sciences and the Academy of Engineering.

    The Qizhou People's Advanced Cooperative fully compensated the losses of the University of Science and Technology of China and ended the dispute with a divorce compensation of up to 400 million yuan. Qizhou re-launched the new 386 policy, integrating Qizhou University, University of Science and Technology of China,  China University of Geosciences is recommended as a first-class university, China Forestry University, Qizhou University of Science and Technology, Qizhou Medical University, Yangtze University Qizhou Branch, Harbin Institute of Technology Qizhou Branch, Xi'an Jiaotong University Qizhou Branch, National Defense University Qizhou Branch and the University of Hong Kong  The Qizhou branch is regarded as a second-category university, and six universities, namely Qizhou University of Finance and Economics, Qizhou International College, Qizhou Conservatory of Music, Qizhou Academy of Fine Arts, Qizhou College of Foreign Languages, and Qizhou Vocational and Technical Engineering College, are classified as third-category universities.

    ??According to the classification of first, second and third categories, Qizhou will focus on education funds to promote Qizhou University, University of Science and Technology of China and China University of Geosciences to become the highest institutions of higher learning in the country, while the fourteen schools in the second and third categories will be further promoted to be 211 universities.

    Qizhou¡¯s current higher education resources are actually not much worse than those of several major municipalities, and are much stronger than Guangzhou. This makes Guangdong vow to help Qizhou develop Qizhou Medical University through a counterpart assistance plan.  How embarrassing is provincial sentiment?

    In ten years, Qizhou has gone from poverty to an emerging educational city in China. In addition to the strong support of the Jiangdong Provincial Party Committee, which moved two nationally renowned universities to Qizhou at the expense of Yangtze City and Ningzhou City,  What's more important is Banner's abundant education funding and its consistent emphasis on university education.

    ??This is also a very important achievement for the Jiangdong Provincial Party Committee, that is, Jiangdong Province has two university education centers. Yangtze City ranks fourth in the country, higher than Xi'an, while Qizhou ranks sixth.

    It is believed that with the further development of university education in Qizhou, Qizhou will be among the top five in a few years. At that time, Jiangdong Province will immediately surpass the capital, Songzhou and Weizhou in terms of the scale of the entire university education.  Large municipalities have become the well-deserved number one.

    What a powerful development speed at this time.

    The long-term development of university education has also brought important assistance to Qizhou¡¯s transformation.With more than 100 billion RMB of national debt and cash flow, we are ready to counterattack at any time.

    After the New Year's bell rang, Zhongqi began to re-enter the stock market bottoming out in the mainland, and continued to raise the mainland stock index by buying back the tradable shares of Zhongqi, bringing the entire stock index back to the 2,300-point mark.  However, due to the continuous reverse operations of Galaxy Securities, the stock index has not been very stable and has continued to rebound between 2100 and 2300 points.

    In Hong Kong and international stock markets, China Flagship Group also began to launch a silent multi-line acquisition strategy for Rio Tinto and Hong Kong Telecom.

    For the Zhongqi Clan and Yang Shaozong, the real war has just begun. As Thailand, Singapore, Indonesia and South Korea, under the pressure of the International Monetary Fund, have successively opened up their domestic banking markets, allowing foreign banks to merge with bankrupt domestic banks.  , or after holding no more than 25% or 45% of the equity, Hong Kong Zhongqi International Investment Bank finally kicked off the merger of Southeast Asian financial institutions.

    The first person to open this curtain was Bangkok Bank, which had collapsed due to providing huge baht loans to Zhongqi. On January 17, 1998, after three months of tug-of-war negotiations in Hong Kong, Zhongqi Bank  The International Investment Bank finally reached an agreement with the Chen family, the controlling family of Bangkok Bank. Zhongqi International Investment Bank invested US$2.6 billion to hold 47% of the shares of Bangkok Bank and became the largest shareholder of Bangkok Bank. This is also of absolute significance.  Controlled Bangkok Bank.

    A capital injection of US$2.6 billion was exchanged for 47% of the shares and absolute controlling interest in Bangkok Bank, Thailand's largest bank. This is definitely a very cost-effective business, plus other companies under the Zhongqi Group and partners New World Investment Company and Cheung Kong Holdings  Among the tradable shares acquired in the Thai stock market, Zhongqi Group actually firmly controls about 55% of the controlling stake in Bangkok Bank, and the remaining 8% is the result of Zhongqi International Investment Bank forcing the Chen family of Bangkok Bank to give up its controlling stake.  main weapon.

    The funds obtained by the Chen family from cashing out are approximately US$1 billion, which is enough to help them survive the current crisis, and they still retain the interests of the second largest shareholder of Bangkok Bank. However, in this crisis, their losses are more than 70% of their total wealth.  %So simple.  ro!  .
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