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Volume One Chapter 1017 Huaihai State-owned Assets

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    After New Year's Day in 2001, Huaihai State-owned Assets Management Group was officially established in the Guojin Building.  This is also the first time that Huaihai Province has taken the lead in the nationwide pilot exploration of state-owned enterprise restructuring. However, in order to avoid causing major controversy in the country, no public listing ceremony was held, and the news was only published and broadcast in the provincial media.  Although Xu Pei is a person who cares about political reputation very much, he is not sure what kind of waves this step will cause. What he cares more about is that after the establishment of Huaihai State-owned Assets, he will promote the construction of Nanwan Lake University Town under Huaihai State-owned Assets.  , ensuring that the banner of the construction of Nanwan Lake New District is still in the hands of the Department of Economics and Economics.  When Cui Weiping and Hu Clan officials first showed their talents, even considering that the current provincial fiscal scale was far from generous, Xu Pei still did not hesitate to agree with the provincial finance to support the construction of the university town. Naturally, he had his own ideas  trade off.  At this time, the construction of the university town is launched. The total number of college students in Xucheng will almost double on the current basis by around 2006 or 2007, expanding to more than 500,000.  This will not only strengthen the position of Huaihai Province in the field of higher education, but also consolidate the potential and space of Huaihai Province¡¯s future economy, especially the development of high-tech industries.  The University Town, which will accommodate the study and living of 250,000 teachers and students, will not only directly promote the large-scale construction of Nanwan Lake New District and promote the rapid development of Xucheng City to the east; Xucheng is a city with a large number of universities.  The expansion of the overall scale will inevitably be beneficial to the development of cities and related service industries.  After taking this step, as long as a systemic financial crisis is not induced in the next three to five years, Xu Pei's status in Huaihai Province will be unshakable.  Xu Pei was in such an urgent mood that Nanwan Lake University Science and Technology Park Holding Investment Group Co., Ltd., referred to as University City Holdings, registered under Huaihai State-owned Assets, was also established in the Guojin Building on the same day.  Although the provincial finances are not abundant at this time, in order to ensure that Nanwan Lake University Town can start the construction of three campuses in the first half of the year, together with various institutions, the first batch of funds of 2 billion was allocated and injected into  University Town Holdings serves as the registered capital.  University Town Holdings, as the main body of the investment and construction of Nanwan Lake University Science and Technology Park, will become a subsidiary of Huaihai State-owned Assets along with large groups such as Huaihai Coal, Dongjiang Electric Power, Huaihai Electric, Huaihai Financial Investment, Guosen Investment, Dongjiang Real Estate, and Huaihai Construction Engineering.  Core subsidiaries.  Huaihai Construction Group, once the leader in the province's engineering and construction industry, has been dragged down by construction debt among state-owned enterprises in recent years. In addition, it has been slow to intervene in the Donghua market, and its development is slower than other construction companies in the province.  A lot.  Huaihai Construction, that is, the Provincial Construction Group, is not only developing in speed, but also in scale. Now it is called Zhujiang Construction, Xucheng Construction, Donghua Port Construction and other large construction companies in the province that have surpassed the past.  Taking the construction of Binjiang Business District and Pengyue Modern City as an opportunity, construction groups such as Zhujiang Construction and Rongxin Construction poured in, and Xucheng Construction and other companies developed rapidly. Huaihai Construction could not even maintain its inherent market share in Xucheng.  .  The construction of Nanwan Lake University Town will be directly or indirectly funded by the provincial finance. The provincial finance will also be responsible for the construction liabilities incurred during the period. Huaihai Construction Engineering, a provincial state-owned enterprise with the same interests, is designated to undertake the project.  There is no problem with the construction process, but it seems that Huaihai State-owned Assets must determine the builder of Nanwan Lake University Town through market bidding.  Therefore, in order to contract the Nanwan Lake University Town project, which may have a total investment of more than 50 billion, without Shen Huai and Jiang Yibin doing the work, Huaihai Construction almost came to the door, crying and asking for the second time.  A batch of them were placed under the Huaihai State-owned Assets banner.  Huaihai Construction¡¯s construction output value in 2000 has not exceeded 10 billion. As long as the money is not diverted to outsiders and it can take over all the projects of Nanwan Lake University Town, its income can at least double in the next few years.  With such a large-scale project funded by the provincial finance, there is no reason not to hand it over to Huaihai Construction Engineering at this time.  Including the equity assets of Dongshi Group, Xudong Railway Holding Group and other enterprises belonging to the provincial state-owned assets, Huaihai State-owned Assets had a net asset value of 32 billion at the beginning of its establishment.  Even compared with key domestic enterprises, Huaihai State-owned Assets is a veritable giant.  The provincial government finally agreed to implement a board of directors system for Huaihai State-owned Assets and establish an executive supervision committee under the board of directors as the permanent decision-making body of Huaihai State-owned Assets to decide and supervise major construction and investment projects of the group and its subsidiaries.  In addition to party members such as Jiang Yibin, Shen Huai, and Sun Fuking, the top leaders of core subsidiaries, Qi Guangwei, Hu Hongwei, Qin Dawei, Zhou Weimin, Hu Shuwei, Provincial Construction Engineering Group Chairman Ge Zujun, and Dongshi Group Chairman Liu Jizhou, etc., have all entered the execution  Oversight Committee.    Liu Jizhou has no status within the system. Liu Jizhou's family holds 20% of the equity of Dongshi Group. At the same time, Liu Jizhou is the general person in charge of the operation team of Dongshi Group, so he can serve as the chairman of Dongshi Group.  Huaihai State-owned Assets only participates in Dongshi Group, but does not control it. It will further reduce its shareholding ratio in the future. However, Shen Huai nominated Liu Jicai to the executive supervision committee. In essence, he hopes that Huaihai State-owned Assets' future management decisions can bring in more people from outside the system.  of fresh blood.  Shen Huai also invited He Jian, dean of the Provincial Academy of Economics, and Wu Danqing, an economist and dean of the School of Economics and Management of Huaihai University of Technology, to serve as independent directors of Huaihai State-owned Assets to improve and strengthen the decision-making capabilities of Huaihai State-owned Assets.  On the day Huaihai State-owned Assets was listed, the Executive Supervision Committee passed a resolution, agreeing that Guosen Investment and Huaihai Financial Investment would jointly invest 2 billion to purchase 20% of the equity of Shiqing Railway from Jinnan Group (Jijia) Holdings, and agree that Huaihai Electric would invest 2 billion in Shiqing Railway from Jinnan Group (Jijia) Holdings.  Jinnan Group issued an additional 20% of shares in order to obtain a capital injection of 2 billion from Jinnan Group; at the same time, it passed a resolution agreeing that Guosen Investment would simultaneously issue a total of 4 billion construction bonds in the bond markets of mainland China, Hong Kong, London and other places, providing a platform for Jinnan Group.  Raising construction funds for the first phase of Bay Lake University Town.  Although Huaihai State-owned Assets was established, Jiang Yibin served as the party secretary and chairman as the top leader, but judging from the composition of the board of directors and the members of the executive supervision committee, everyone knew that Shen Huai was the real person in charge of Huaihai State-owned Assets.  However, if you think about it carefully, this is an unavoidable situation.  The first batch of core subsidiaries and equity assets placed in Huaihai State-owned Assets Management Group have developed rapidly in recent years. They can be said to be the most advantageous group of assets within the provincial state-owned assets, but they are all more or less closely related to Meishan Iron and Steel.  relation.  It can even be said that the establishment of Huaihai State-owned Assets only brought together the forces of the Meishan Iron and Steel Department within the provincial state-owned assets system.  The provincial finances are far from being generous. If Nan Van Lake University Town is to start construction at this time, it needs a strong core to coordinate capital.  No one in Huaihai Province had ever imagined that the province would be able to start an unprofitable project with an investment of up to 50 billion - 50 billion worth five years of provincial finance. Now the province and Xucheng City have left this burden to Shen Huai.  How could he maliciously restrain his hands and feet again?  Over the years, everyone has also seen the huge role Meishan Iron and Steel has played in the economic rise of Donghua. In addition to those who are on the opposite side, more people also hope to have an "industrial aircraft carrier" similar to Meishan Iron and Steel.  , can play a leading role in Huaihai Bay and Huaihai Province, and promote faster and better development of local industrial economy.  The construction of Nanwan Lake University Town has started, which will kick off the construction of Nanwan Lake New District.  Before New Year's Day, the Xucheng City Party Committee and Municipal Government had approved the establishment of the Nanwan Lake New District Management Committee, a dispatched agency under the municipal government, with the approval of the Provincial Party Committee and the Provincial Government. Lu Junsheng, Secretary General of the Municipal Government, concurrently served as Secretary of the Working Committee and Management Committee.  Director.  Under the Nanwan Lake New District, the University Science and Technology Park Management Committee was established, and Huang Xinliang was transferred to serve as secretary of the working committee and director of the management committee. Huang Xinliang also served as deputy director of the Nanwan Lake New District Management Committee and represented Nanwan Lake New District in entering the park.  University Town Holdings Coordinating Committee, holding company concurrently serves as director.  Nan Van Lake University Town, both in terms of its importance and construction scale, is twice as prominent as Nan Van Lake International Expo Park.  Ronxin and Baohe have no more choices. Either they enter the game on terms that are no longer favorable, or they give up the construction rights of projects such as the East Belt Expressway and the International Expo Park, and the Meishan Iron and Steel Department will naturally take over.  A few days later, Gu Jia, controlled by Hong Kong companies such as Baohe Trust and Baohe Real Estate, officially injected a total of HK$5 billion into Ronshine Construction and Ronshine Real Estate, and received 40% from Ronshine Construction and Ronshine Real Estate respectively.  % equity.  Later, Rongxin Construction and Rongxin Real Estate signed an agreement with the Xucheng City Government to fund the construction of the East Belt Expressway and Nanwan Lake International Expo Park. The Xucheng City Government also granted the operating rights to the East Belt Expressway for 25 years after its completion.  As well as 3,600 acres of construction land in the periphery of the Expo Park and the Nanwan Lake Financial Center District as compensation, they were allocated to Ronshine Construction and Ronshine Real Estate respectively.  *************************** After the establishment of Huaihai State-owned Assets, Shen Huai focused his main energy on Huaihai State-owned Assets.  Although he also served as deputy director of the Provincial State-owned Assets Office, the work of the Enterprise Office and Property Rights Office was handed over to Ding Jianguo. He also transferred Tang Baocheng to Huaihai State-owned Assets as an assistant and served as the general manager's office manager, which actually made him  Share more daily management work; the position of Director of the Enterprise Division is held by Xu Jian.  Although the provincial finance and various colleges and universities have invested 2 billion in start-up capital in the first batch, although the provincial government has also approved Guosen Investment to issue construction bonds totaling 4 billion in many places, and although financial institutions such as China Construction Bank have also agreed to provide  University City Control provides a total of 4 billion comprehensive licenses??, which means that there will be no problem with the construction funds of the first phase of the university town, but if we bear the construction debt of 4 billion and the bank loan of 4 billion, the annual debt interest payment will be as high as 5.6 billion.  More importantly, the first phase of the University Town construction period is two years. After investing nearly 10 billion in construction funds in two years, the second phase of the project with an investment scale of 20 billion will be launched by the end of 2003 or early 2004.  The financial pressure you will bear will double.  Therefore, at the beginning of the construction of the university town, the issue of financial balance must be considered.  The responsibility for the construction of the university town lies with the provincial finance department, but if the provincial finance department really takes the responsibility, it means that the restructuring attempt to establish the Huaihai State-owned Assets Management Group has completely failed.  Before the provincial government needs to bail out, in addition to the corresponding inflow of education funds, the province and Xucheng City have agreed to attribute the development income of all commercial, residential, and construction land in the University Science Park, as well as the enterprises settled in the supporting science park, to the provincial and municipal levels.  All local fiscal revenue, after deducting the administrative expenses of the University City Management Committee, will be transferred to the University City Holding Company until all construction debts are paid off.  The university town has a planned area of ??40 square kilometers, with a total area of ??60,000 acres. In addition to the campus and public construction land, there are nearly 30,000 acres of land available for commercial, residential and industrial development.  ¡°If Huaihai State-owned Assets does not want to mobilize the development funds of other subsidiaries to support the construction of the university town, and only rely on the corresponding education allocations and local taxes from supporting science and technology parks to support the construction of the university town, the pressure will still be unimaginable.  **************************** Coming out of the Guojin Building at night, there was light snow falling outside. The Spring Festival was just a few days away, and the streets became crowded after nine o'clock.  There are no vehicles.  Shen Huai, Huang Xinliang and Xiong Wenbin met at Li Gu¡¯s home.  Although Qi Guangwei has fulfilled his wish to serve as the chairman of University Town Holdings, Qi Guangwei is only responsible for how to spend money. He is actually responsible for the construction of each campus within the University Science Park. In the future, a total of nearly 50 billion construction funds will be needed. Still  Shen Huai needs to be responsible for coordinating management within Huaihai State-owned Assets, as well as with the province and Xucheng City.  Therefore, under the University City Holding Group, various subsidiaries have also been established to be responsible for campus construction, public facilities construction, and the development of commercial, residential, and industrial land - especially the construction of public facilities and commercial, residential, and supporting industries within the University Science and Technology Park.  The development of construction land largely overlaps with the functions of the University Urban Management Committee, so Huang Xinliang is the actual person in charge of this aspect.  Shen Huai naturally pinned the financial balance within University Town Holdings on Huang Xinliang.  When it was proposed to build a university town, they and the Department of Economics and Economics without exception took over the leadership of Nanwan Lake New District in terms of personnel, construction, etc.  As early as late November, they decided to let Huang Xinliang be responsible for related work.  For more than a month, Huang Xinliang has been running around all day, and he has lost two pounds compared to when he was the deputy district chief of Qinjiang District.  "The university town will have abundant resources in the future to promote the development of the software and service outsourcing industry. This is also an industry that Xucheng currently has the ability to focus on exploring and developing." Shen Huai was sitting in the study room of Li Gu's house, smoking a cigarette and talking to Li Gu  Explaining some of the work that Huang Xinliang focused on during this period, he said, "Since the 1980s, India has had remarkable characteristics in the development of the information industry. In particular, the software contracting and service export industries have been quite brilliant, and even have 'the world'  The export volume of software and service outsourcing may exceed 10 billion US dollars in 2000. The information industry in Xucheng and even Huaihai has not yet formed a large scale, but there is no shortage of resources, including Huaihai University.  Universities such as Huaihai University of Electronic Science and Technology, Huaihai University of Posts and Telecommunications, and electronic research institutes all have strong teachers and scientific research capabilities in the electronic information major. However, a large number of students trained every year go to work outside the province, and the province has not yet transferred a large number of them.  Professional talents are retained in the province for development. At the same time, the teaching staff of these universities and scientific research institutes are inherently high-quality resources, and they are not fully exploited and developed in Yanjing, Jiangning, Guangcheng and other places to develop within their respective high-tech zones.  , The requirements for building China's "Silicon Valley" are currently a bit high for Xucheng. I think Xucheng should lower its vision a little bit and build a global office first. So in the science and technology park, I advocate that it should be done first.  There is great potential to build the first phase of the software industrial park and develop software and service outsourcing. It is not difficult to tap the resources of universities and scientific research institutes in Xucheng to generate an output value of tens of billions. This task is not even a priority.  Prior to the construction of the new campus, corresponding financial subsidies and overseas talent introduction policies must be established as soon as possible, and all high-level talents in universities must be fully encouraged to come forward and start businesses. Huaihai Financial Investment will also spend a sum of money for construction.  For venture capital funds, I will also involve Zhongxin and Hongji to promote them."" Li Gu nodded and said, "Lao Xiong is responsible for promoting the work in the city. If you need my cooperation, just tell me."  " Based on the financial situation of the province and Xucheng City, it is too early to start the construction of Nanwan Lake University Town and the new district at this time. It was originally planned to wait until the end of 2003 or early 2004 when the province's and Xucheng City's finances are in the current situation.  It is relatively easier to start after the base increases by another 50% or 60%. The main risk will be mainly concentrated in the next two years. It is said that Huaihai State-owned Assets will coordinate the construction funds internally, but in fact, regardless of whether it is.  Dongjiang Electric Power, Huaihai Electric, Dongjiang Real Estate, Huaihai Coal, Huaihai Construction Engineering, and Dongshi Group are all in a period of rapid expansion and have an almost hungry need for funds. Although they can obtain large amounts of borrowings from the bond market and financial institutions,  It also means that Huaihai State-owned Assets has to bear a larger debt and pay more financial costs. If the university town's debt of 8 billion in two years is added, Li Gu does not feel that Shen Huai's responsibility is greater than his own.  How much lighter will the mayor of Xucheng be?
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