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Volume 1 The Miracle of Qishan Chapter 185 China Petroleum

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    Chapter 185 China Petroleum

    It is very stable for China Petroleum Co., Ltd. to win the qualification to participate in the bidding for oil concession licenses. The result did not surprise Yang Shaozong. Only seven companies will participate in the final bidding, led by China Industrial Holding Group Corporation and China International Trust and Investment Corporation.  As the background, China Petroleum, as well as Yangtze River Industry as a shareholder, are very strong in terms of capital. Of course, their main competitors are also giants.

    According to the requirements, these two licenses can only be given to joint-stock enterprises, and the state-owned shareholding must not be less than 35.

    The two most shameless bidders are actually branch holding subsidiaries of PetroChina and Sinopec. They are still unwilling to give up their monopoly on China's oil industry and are trying to win the other two licenses in this way.

    There is no doubt that in order to achieve this goal, they will give a very amazing quotation. For this, Yang Shaozong and the bosses of Shenhua, Huaneng, Poly and other companies are very well prepared.

    The bidding for petroleum concession licenses in China has caused a great stir. Hope Group, Changhong Group and Haier Group have all tried to make an attempt in this regard. Their capital is as large as that of Shenzhou Group, PetroChina, Sinopec, Shenhua, Huaneng and Poly.  It's still far behind in comparison. The only way is to take stock participation. Everyone has their own camp.

    It is undeniable that the shareholders behind PetroChina, Sinopec, and Shenhua are all the same company - China National Asset Management Corporation. This means that Shenhua may come to make a free bid, or it may be PetroChina and Sinopec to deceive others.

    China State Investment Holding Corporation, which owns a controlling stake in CNOOC, sent Huaneng International Petroleum Co., Ltd. and Poly Energy Holdings Co., Ltd. to participate in the bidding. It may also want to win both share licenses.

    China National Financial Holding Company obviously has no chance to participate in this kind of competition. It is relatively weak. China International Trust and Investment Company, which does not have any oil capital or qualifications, can only choose to cooperate with China Energy Investment Company. Both parties plus the Canadian subsidiary of Yangtze River Industry  Husky Petroleum Company's shares, jointly formed China Petroleum Co., Ltd., and jointly bid for a license.

    China's administrative competition is always the most fierce. The five major national asset management companies that have just been separated have already begun to fall into this fierce battle. The Chinese national asset management company with the largest total assets is doing its part to win four licenses.  , the motivation for completely monopolizing China¡¯s oil market is well known to everyone.

    Of course, it did it very cleverly, and it did unite many companies to carry out demutualization operations. Neither PetroChina nor Sinopec had a shareholding ratio of more than 20% in the two joint-stock companies participating in the auction, which complied with the rules of the auction. What is the truth? In fact,  everybody knows.

    The final auction will be held at the end of April, followed by the auction of China United Airlines, allowing joint-stock companies and private capital to intervene, which is equivalent to auctioning an airline's franchise license. Later, according to plan, the Central Development and Reform Commission will continue to launch two  A new license specifically for private joint-stock enterprises.

    The telecommunications license will be held in the middle of 1999. According to Yang Shaozong's estimation, it was the hottest stage of Nasdaq at that time, and the final competition will definitely be very fierce. China Resources and China Merchants have already decided to participate, especially China Resources  There is also its own telecommunications company in Hong Kong, and this time it is also inevitable.

    ?????????????????????????????????????????????????? There¡¯s nothing you can do about the headache, just bite the bullet and get it down no matter how high the cost is.

    The most annoying thing about bidding for this thing is that the price is a sky-high price, which is several times higher than others. What is even more annoying is that the price is a sky-high price, but the result is still a dime less than others.

    Zhongqi is very strong, but it doesn¡¯t have much of an advantage against these opponents. It¡¯s really pointless to spend billions to get an aviation license. It¡¯s possible to buy a telecommunications license, but I¡¯m afraid it won¡¯t be possible for billions.  Gotta get down.

    ¡­¡­

    Since Yang Shaozong is here, the central government and Premier Rong are not going to let him come in vain. There happens to be a State Council seminar on the Asian financial crisis. As a member of the Central Financial and Economic Policy Advisory Committee, Yang Shaozong will definitely participate since he is in the capital.

    Although there are many economists in China now, in this regard, what they say is very imitative and lacks actual data and courage to make a real prediction. Yang Shaozong is different. He has been at the forefront this year.  On the front line, he has continuously fought with international investment banks and hedge funds, and he knows it very well. Therefore, basically no one dares to dispute some of the judgments he made at the meeting.

    Yang Shaozong¡¯s reputation is now getting stronger and stronger. He is already China¡¯s true business god and the godfather of China¡¯s investment banking. He can also be said to be the maker of major policies for the Chinese economy in the next ten years, especially the promoter of China¡¯s state capitalism.

    Ten years from now, if China¡¯s economic development goes wellRegarding funds, as an investment bank, we mainly choose to operate international futures. This is an area in which we are relatively good. We have spent more than 10 billion US dollars to short-sell gold long-term contracts. In oil, steel, iron and steel,  We are also short-selling large amounts of long-term contracts such as ores, and the futures contracts we previously held are rapidly clearing positions.  To put it simply, whether it is an investment bank, a bank or a hedge fund, we are all responsible to shareholders. We cannot lose money due to the crisis. Even if there is a loss, we must reduce the loss as soon as possible.  "

    The reporter from Capital Daily continued to ask: "Can it be said that international investment banks are also the main creators and participants of the Asian financial crisis?"

    Yang Shaozong said: "You can't ask a company to bear the government's responsibilities and faults. I think your question is a bit too moralistic. If you were an executive of an investment bank, what would you do? The reason why I want to say this is  I hope everyone can correctly understand this crisis. International capital is rapidly moving away from the Asian market. This is the long-term issue we should worry about."

    At this time, Jiang Hai also felt that the Capital Daily reporter he was familiar with was very unreliable, so he immediately changed a reporter, and a reporter from China Economic Weekly stood up to ask questions again.

    The reporter from "China Economic Weekly" was a relatively young woman. She stood up and asked: "Commissioner Yang, from your personal point of view, what measures should Southeast Asian countries take now to restore the trust of the international capital market in them and avoid  Further expansion of the financial crisis?¡±

    Yang Shaozong said: "This is a very good question, and it is also the question I want to focus on answering. From my personal point of view, first of all, the financial markets of various countries must be further opened, but at the same time, the scale of opening must be controlled. You can let foreign banks intervene.  More operations, increase the inflow of international capital, and at the same time temporarily suspend operations such as foreign exchange leverage. Personally speaking, Southeast Asian countries, especially Indonesia and Malaysia, must make greater reforms to ensure integrity  They should provide a political environment and equal business development opportunities, increase the investment space for international capital to intervene in infrastructure, establish an effective financial order, and ensure the stability of their own exchange rates. If they cannot do this, I think it will be difficult for international capital to return in the next ten years.  .¡±

    The female reporter from "China Economic Weekly" continued to ask: "You said that there are only three beneficiaries of this crisis, especially China. What suggestions do you have for China's future economic policies? What are your suggestions for China's future development prospects?"  What kind of judgment is there?¡±

    Yang Shaozong said: "I have also made a complete report on this issue with the Central Committee and the State Council. My personal suggestion is to learn from Singapore and further increase the reform of state-owned capital to achieve the true separation of enterprises; secondly, do a good job in financial  In the reform work, foreign capital is allowed to intervene, while domestic banks and financial institutions are encouraged to develop overseas, be compatible with each other, and better introduce high-quality and long-term stable international capital; third, provide certain preferential treatment to foreign-funded enterprises, but must ensure that foreign-funded, private  , the balance between state-owned holdings, especially the development and encouragement of private capital; fourth, establish a more open, clean, and efficient government and market mechanism, with less intervention in the market, but it must be just right, and for important  For industries that are not suitable for opening to the outside world for the time being, we must first achieve equality between state-owned capital and private capital. For example, we are currently promoting the opening up of operating licenses in the fields of petroleum, telecommunications, aviation and other fields. This will give other companies more opportunities to develop together.  ; Fifth, attach importance to higher education and higher vocational and technical education, and make high-tech manufacturing and high-tech industries the focus of development; Sixth, we must adhere to the principle of long-term and stable development and cannot ignore the control of the real estate industry.  Once the industry is out of control and prices skyrocket, people will not be able to afford houses. It will be like Thailand, with very high housing prices, high GDP, half of the houses cannot be sold, and a large amount of social funds and international capital will be attracted from high-tech industries.  In the past, the country's basic industrial industries were unable to develop healthily. These are some of my personal suggestions. If we can carry out these reforms in the future, I believe that in about twenty years, China's total GDP will exceed Japan and Germany.  Become the world¡¯s second largest economy.¡±

    Hearing these words, Chinese reporters were all delighted. A female reporter from China Economic Weekly also happily continued to ask: "Then when do you think China's economy will surpass the United States and become the world's largest economy?"  ?¡±

    Yang Shaozong was silent for a while and said: "Theoretically, it is very possible, but in the actual development process, we may be in the current situation in Japan about 30 years later, which is the stage closest to the United States.  That is population aging. By then, we will have approximately 600 to 700 million elderly people, and the labor force of young adults will decline. This is a very complex issue, and I am still doing predictive research in this area."

    His words made everyone worried again. A female reporter from "China Economic Weekly" couldn't help but ask: "Will the United States have similar problems?"

    Yang Shaozong simply replied: "There is no such factor in the United States. The population ratio in the United States has always been very healthy. Of course, one change in the U.S. population in thirty years is that the number of black people may increase significantly. What impact will this have  I can¡¯t say because I¡¯m not an expert in this area, my field is just economics.¡±

    Chapter 185 China Petroleum

    Chapter 185 China Petroleum, go to the website??: ¡°Will the United States have similar problems?¡±

    Yang Shaozong simply replied: "There is no such factor in the United States. The population ratio in the United States has always been very healthy. Of course, one change in the U.S. population in thirty years is that the number of black people may increase significantly. What impact will this have  I can¡¯t say because I¡¯m not an expert in this area, my field is just economics.¡±

    Chapter 185 China Petroleum

    Chapter 185 China Petroleum, go to the website
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