"Discrimination against private companies has increased the demand for foreign investment in China. "------- Huang Yasheng

Throughout the 90s of the 20th century, the state sector operated on the brink of bankruptcy, while at the same time, private firms, despite their rapid growth, were still subject to severe credit constraints, were denied access to financial support, and were restricted from entering many industries.

Inefficient state-owned capital needs to find efficient joint venture capital, and it is faced with two major capital groups, one is a transnational capital group and the other is a private capital group, and it is in this choice that foreign transnational capital becomes the object of choice.

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In order to attract foreign investment, many development zones have formulated preferential policies that are becoming more and more "popular" one by one, and some have even reached the point of "sacrificing their blood". The vast majority of land transfers in development zones are carried out by agreement, so there are gray transactions everywhere.

According to the China Business Times at the time, "the annual loss of state revenue from land black market transactions alone is estimated to be 20 billion yuan." Some foreign businessmen buy hundreds or hundreds of acres or even several square kilometers of land at once at extremely low prices, and then level it a little and sell it at several times the price for a profit. ”

For example, Guangdong Province sold 88 square kilometers of land and received 9.4 billion yuan in transfer money, with an average of 107 yuan per square meter. The transfer price of land with 70-year use rights in a development zone in Jiangsu is 2,000 yuan per mu, which is equivalent to 0.04 yuan per square meter per year. Some provinces in central China have introduced preferential policies to exempt land use fees.

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The tilt of the policy has led to the sadness of domestic enterprises, and after the cooperation between Arctic Ocean Soda and Pepsi Cola in 94 years, it encountered "snow hiding" until it was suspended.

Shanhaiguan Soda, the former state banquet drink, gradually withdrew from the market after establishing a cooperative relationship with Coca-Cola in the 90s.

After Bawangji Soda partnered with Coca-Cola in 1993, and after its trademark and ownership were sealed and disappeared, and Coca-Cola took over the market, Coca-Cola handed over the debt-indebted shell company to China.

After Asia Soda cooperated with Pepsi in 93, it was discontinued for a time.

Wuhan No. 2 Soda was purchased by Coca-Cola of the United States and ceased production.

Tianfu Cola was a joint venture with Pepsi Cola in 93 years and was gradually marginalized.

Laoshan Coke ......

It is to resist the "despicable" "Chinese magic water" Jianlibao of foreign businessmen, and the political and business game formed due to the change of property rights, the final outcome is that Jianlibao, which has a market value of 6 billion, was sold to Zhejiang International Trust and Investment Company by the local government, and the selling price was only 338 million.

and Penning of Cologne......

"Hey, what are you thinking?" Su Jian knocked on the table and asked, he was a little annoyed now that Qin Fan was silent as he spoke, and he didn't know what he was thinking.

Qin Fan came back to his senses: "It's nothing, I've been upset a lot lately." ”

"What's so annoying, brother will drink two glasses of wine with you, and you won't be annoyed after drinking. Su Jian said with a smile.

Qin Fan shook his head, he couldn't figure out why he was so good at wine, even if he was good wine, he would mess around as soon as he drank too much.

"Why don't you let Xiao Ya and Fangfang come over to accompany you? Su Jian still smiled.

Qin Fan couldn't help but curse secretly, he hadn't seen anyone pushing his lover into someone else's arms, and he didn't know what he was thinking.

"You just pull it down, aren't you too messy? You like that, I don't like it. Qin Fan waved his hand.

"Get out, don't get cheap and sell well, Fangfang doesn't care, you can't think about it! Or do you want to study art?" Su Jian scolded with a smile.

After all, Qin Fan did not fulfill his wish and found a reason to leave his company. I still don't like to exercise with multiple people.

Follow Anqing Road, pass the south gate of Chenghuang Temple, turn south, and follow Jinzhai Road to Guangming Store.

The Guangming Cinema has just finished the screening, and it is at the end of the show, and there are few audiences.

At the door of the hotel, Tao Juan looked at the same sparse customers, feeling a little anxious.

When she came to her, Tao Juan didn't care.

"What's the matter? Why are you in such a hurry?" Seeing the expression on her face, Qin Fan asked strangely.

Hearing the question, Tao Juan found Qin Fan standing in front of her, and hurriedly replied: "I don't know what's going on recently, business is much worse than before, and I don't know what the reason is after thinking about it for a long time." Do you think it has something to do with the fact that we raised the price some time ago?"

Unlike Tao Juan, who only walked around in two stores, Qin Fan wandered around the city without any trouble, knowing that he was elsewhere during this time, and he also opened a few stores like himself.

Qin Fan comforted: "Juan, doing business has always been good, but now prices are rising, and the prices in the store are not adjusted, that is to do a loss-making business." It's okay, I'll get better in a while. ”

Tao Juan entered the store in disbelief. Qin Fan thought about it for a long time, thinking about how those chain stores that opened dozens or hundreds of stores were done.

Like Zhengzhou Qiaoying's "Red Sorghum" chain restaurant, Dongguan Pan Yuhai's "True Kung Fu" original cup steamed rice direct chain ......

But I thought about the food supply, auditing, monitoring, industrialization, and standardization needed to open a good chain store...... It's a headache to think about.

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"You're here with me every day, and you don't pay attention to the impact, go back to the dormitory!" When Qin Fan returned to the house, he saw Tang Yue sitting cross-legged on the bed again, looking at the rented videotape.

"What's the impact?I'm your sister, what do you want?" Tang Yue replied disdainfully.

"You ......" Qin Fan was speechless, not knowing how to refute her.

"Okay, look, I'll go sleep next door. Qin Fan said helplessly. Tang Yue got up and hugged him, and said coquettishly: "Accompany me to see it, there are some places I can't understand." ”

Knowing that she was an excuse, Qin Fan was a little puzzled, as long as she didn't give her a good face before, she would jump up and run away.

"Isn't it good for you to look at it with your classmates?" Qin Fan asked.

"Oh no! I just want to watch it with you. Tang Yue made a daughterly gesture and pulled him to sit down.

On TV:

"You, you

Me, me

Why do two hearts become one

It is you who are particularly charming for you

I love only one in my life

It seems that I have been destined to belong to you

At this moment, I will hold you in my arms, and eternity will belong to me......"

Tang Yue's "Liang Zhu", which they have watched countless times before, is played by the young and prosperous Wu Qilong and the innocent and young Yang Caini.

When the song of "You, You, Me and Me" sounded, a layer of fog appeared in Tang Yue's eyes, and she watched the film silently with her, Qin Fan's heart was very uncomfortable.

"Do you say she's like me?" suddenly Tang Yue pointed to Yang Caini in the film and said.

He once put his arm around her and pointed at her and said she resembled ......

"Sort of. Qin Fan said perfunctorily.

"It's a lot like, not a bit like it. Tang Yue emphasized. Recalling their previous lives, the two are really a bit similar to the plot in the film.

Seeing the butterfly, Tang Yue finally couldn't help but sniffle, although he had seen it countless times, Qin Fan's eyes were also moist.

"Next time, you are not allowed to watch this sad film!" Qin Fan jumped out of bed, turned off the TV, turned around and took out a towel and handed it to Tang Yue.

Tang Yue hugged him and sobbed, Qin Fan didn't know how to coax her.

......

When the morning light lit up the room, Qin Fan felt that he was still coaxing a child to pat Tang Yue and curl up in his arms like a kitten, and he couldn't help but hate her and finally left her to sleep here.

"I'm hungry. Tang Yue snorted.

......

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When Tang Yue looked for him again in the afternoon, Qin Fan had already arrived in Shanghai.

"Fanzi, now that the national debt is very hot, you can see if you can operate it. When Li Xianzheng saw Qin Fan, he asked about the national debt as soon as he opened his mouth.

The emergence of the market economy has brought about a qualitative leap in the people's living standards, the seller's market has since changed to a buyer's market, and China has since entered the era of "big consumption."

However, the rapid release of demand quickly pushed up prices, and inflation exceeded 20% at one point in 1994, and the one-year deposit rate remained at a high level of 10.98% throughout the year.

The unusually high level of interest rates has made China's stock market unattractive, and it only took half a year for the market to fall back below 400 points from 833 points at the beginning of the year.

The nascent treasury bond futures market is replicating the glory of China's stock market.

In 1994 alone, the total turnover of the national treasury bond futures market reached 2.8 trillion yuan, accounting for 74.6 percent of the total securities turnover in the Shanghai securities market.

The phenomenon that the real interest rate is higher than the interest rate of treasury bonds eventually leads to institutions selling non-physical bonds short and buying physical bonds, and the treasury bond spot market has entered a state of short supply, and with the People's Bank of China resuming the interest rate hedging and subsidizing treasury bills, the treasury bond futures market has entered an unprecedented hot state.

Qin Fan thought about it, and the first major event of the New Year was the "327 Treasury Bond Futures Incident".

Before February 23, 95, when all shorts concluded that the hedging subsidy rate could not be increased from a market-oriented perspective, the Ministry of Finance issued an announcement saying that the 327 treasury bonds would be paid at 148.50 yuan, and the hedging subsidy rate was increased to 12.98%!

The life-and-death struggle that day made Wanguo Securities lose 5.6 billion yuan and was on the verge of bankruptcy, and was later taken over by Shenyin Securities, Guan Jinsheng was arrested and imprisoned, and the Liao Guofa Gaoling brothers evaporated from the world, and there was no trace.

It also made Wei Dong, 28 years old at the time, 29-year-old Yuan Baojing, 34-year-old Zhou Zhengyi and 30-year-old Liu Han, as well as China Economic Development famous, becoming the most powerful bookmakers in the market.

Qin Fan thought about it, whether he was involved in it, but thinking of the fate of those winners made him hesitate again.