Chapter 794: CDB
After explaining Hu Shengli's appointment, Secretary Lu pondered again and again, and said with some hesitation: "Mr. Hu, the main purpose of my visit this time is to hope to get your support for the establishment of the Ministry of Transportation. β
"Yes, of course I support!" Hu Wenhai immediately nodded and said: "I raise my hands to support this decision of the central government!"
Hu Wenhai himself has already run an iron plate in the Department of Transportation, and seeing that the establishment of the Ministry of Transportation will definitely usher in a wave of great development, he has no reason to oppose the formation of the Ministry of Transportation, right?
Secretary Lu was obviously relieved when he heard Hu Wenhai's words, and cautiously continued to probe: "What the chief means is that if Mr. Hu supports the establishment of the Ministry of Transport, then I hope you can help the Ministry of Finance complete the overall merger and acquisition of China Railway Construction Investment at the board of directors of China Railway Construction Investment." β
After Secretary Lu said this, the air in the room suddenly seemed to freeze. What is China Railway Construction Investment? That's a bank! And it's a bank that Hu Wenhai single-handedly set up. From the initial start-up capital to the transformation of industrial technology and equipment imported from Europe and the United States, it can be said that without Hu Wenhai, there would be no China Railway Construction Investment.
China Railway Construction Investment is also very important to Xinke. If the new department wants to develop in the direction of a consortium in the future, it cannot do without the support of banks. Looking at the world, which consortium is called the number one that is not supported by major banks?
The most important means for ST Group to maintain its current supply chain and industrial influence is achieved through China Railway Construction Investment. Almost all of ST's upstream and downstream industry chains, partners and affiliated enterprises are customers of CRCI. Not only in China Railway Construction Investment savings, financial management, but also here loan turnover, sometimes the transaction between each other is simply in the system directly transferred.
It is precisely with the control of China Railway Construction Investment that Xinke was able to achieve quality control and credit evaluation of the entire industry in China in the 90s.
Under such circumstances, it would be easier for Hu Wenhai to support the Ministry of Finance in carrying out the overall merger and acquisition of China Railway Construction Investment?
However, for Hu Wenhai, what he is thinking about is not China Railway Construction Investment itself.
At this stage, Dongfeng Logistics' main efforts will be concentrated in the Northeast and the Bohai Rim Industrial Belt.
On the one hand, the urbanization rate of the North China and Northeast Plains is relatively high. The disease will also be more serious in big cities, and the problem facing them is not only the expansion of industrial capacity, but the upgrading of the industrial system.
As far as the original historical situation is concerned, the problems brought about by the large-scale layoffs in the northeast and other parts of the country are completely different.
Of course, there are, not only in the south, but also on a scale that is no smaller than that in the northeast. But the problem in the south is how to develop industrialization and quickly expand production capacity. A large number of urbanization projects can absorb a significant amount of labor, and workers who are laid off can quickly find new jobs in the job market.
However, the problem in the Northeast is industrial upgrading, and the Northeast has already completed the process of industrialization and urbanization in the decades after the founding of the People's Republic of China. With the highest industrial capacity in the country and the urbanization rate on par with Europe, how can there be so many urban expansion projects to absorb the unemployed?
However, the capital, talent and technology needed to upgrade the industrial system could not exist in Northeast China at that time. The same industry does not have enough advantages in international competition, coupled with the welfare model of enterprises running the society, and laid-off workers have become a disaster.
Urbanization rate, that's the crux of the matter. What is needed for the urbanization of Northeast China is to shift from an industrialization model to a central city, and increase the share of tertiary industry and high-end industry, as an engine for the upgrading of the industrial system, rather than a bloated steampunk monster.
This brings us to the issue of industrial transfer. Transportation is the key to evacuating part of industrial capacity from large cities to small cities and towns.
When it comes to Jiangsu, Zhejiang and Shanghai in later generations, everyone sighs that my "big free shipping empire" is mighty and domineering. But few people realize what it means behind the empire of free shipping.
This is a region where transportation costs are greatly diluted and the logistics system is already quite complete.
It is precisely because of this that the Yangtze River Delta will give birth to those "freaks" who can supply the vast majority of the world's share of a certain product in a village and town. It is the result of the American election campaign that produces the phenomenon that the sewing workers of the American bipartisan party flag know before the president of the United States.
It is precisely with the support of the logistics system in Jiangsu, Zhejiang and Shanghai that a rural woman sitting at the counter in a small shop in a village is born, and she is manipulating the pricing power of a certain product in the world.
Don't look at the house she lives in, the door is tattered, maybe because the children didn't do well in the exams after school at night, they turned around and turned angry with the Democratic Party flag for two cents, which led to Hillary's defeat as president.
If we want to copy Jiangsu, Zhejiang, and Shanghai free shipping to all parts of the country, not to mention the tens of billions of windfalls in the hands of the central government, you don't see China's trillions of financial revenues in the future, and there is only one Jiangsu, Zhejiang, and Shanghai? Without a unified Ministry of Transportation, without a Dongfeng logistics that covers the sky, this project is an impossible task.
Therefore, when Secretary Lu took out the news of Hu Shengli's appointment, Hu Wenhai realized that behind the two actions of Dongfeng Express and the Ministry of Transportation, there was a huge and grand strategic vision. As the money bag of this grand idea, it is obviously impossible for the central government to say that it has no idea about China Railway Construction Investment.
It is conceivable that before the establishment of the Ministry of Transport, the central government decided to separate China Railway Construction Investment and become a central enterprise alongside the four major state-owned banks. Maybe it won't be long before China Railway Construction Investment will change its name to China Development Bank.
At that time, China Railway Construction Investment, as a policy bank, is indeed inappropriate to have individual shareholders who occupy a large number of shares.
Thinking of this, Hu Wenhai immediately made a decision, nodded his head neatly, and said: "Okay, China Railway Construction Investment is directly under the central government, and I agree to this matter." Even if the state wants to buy the shares in my hands, I can also take it at the market price. Supporting the establishment of the Ministry of Transport, of course, I am not just paying lip service!"
Secretary Lu couldn't help but widen his eyes, and asked in disbelief: "Mr. Hu, is this true? The shares of China Railway Construction Investment, are you willing to transfer them? There is no need for market price, I think the Ministry of Finance is definitely willing to buy at a premium of 1.5 times." β
1.5 times that is nonsense, Hu Wenhai immediately shook his head: "Come according to the market price, I'm not so bad!"
If anyone in a private company in China owns more than 20% of a bank's shares, do you think they will give him a 1.5 times premium?
Even a fifteen times premium may not be able to compensate for the loss of a bank. In this case, why should Hu Wenhai bother with the extra half of the income? This money is not easy to hold, and after getting it, it may be a lot of trouble, so there is no need for this.
"That's it, after estimating the assets of China Railway Construction Investment, the central government will supplement me according to the price. Hu Wenhai waved his hand, and his tone was unquestionable: "I don't care about this money more or less, just treat it as a congratulatory gift to the Ministry of Transportation." β
With Hu Wenhai's influence in the Department of Transportation, it is really not bad for this money. Although China Railway Construction Investment has lost, it is not impossible to compensate for the losses caused by the expansion of the transportation department in exchange for the transportation department.
If you really want to take care of it, it may not be profitable. What's more, compared with the strategy of the establishment of the Ministry of Transport, the shares of China Railway Construction Investment are really nothing. What's more, even if Hu Wenhai loses the shares of China Railway Construction Investment, does he really have no influence on China Railway Construction Investment at all?
Isn't this a joke? Could it be that Mr. Hu is not lying in tens of billions of assets in his account, but tens of billions of salted fish?
"Whew-me, I representβ"
Secretary Lu didn't expect this task to be completed so smoothly, and his words of being ready to persuade Hu Wenhai almost didn't come in handy. It's like a punch with all your strength completely hitting the air, not to mention how panicked it is.
Tick Bell Bell β Tick Bell Bell β
The phone in the guest room hall rang eagerly before Secretary Lu had time to represent anyone.
After two sounds, Chen Fa lifted the microphone of the phone, and after a hum, his eyes shifted to Secretary Lu.
"Secretary Lu, look for your number. β
Chen Fa's face was calm, and he couldn't tell that this was a special call. Secretary Lu didn't dare to slack off, at this time, he could call the phone in the living room of Hu Wenhai's suite to find him, is this something that anyone can do?
He hurriedly got up and ran to the phone and took the microphone from Chen Fa's hand. After hearing only one voice from the microphone, he immediately straightened up.
"Chief, yes, I'm here with Mr. Hu right now. β
β......β
"Okay, I understand, I must do a good job of Mr. Hu. β
With a click, Secretary Lu hung up the phone with a blue face. He turned around slowly, and the expression on his face couldn't tell whether he was crying or laughing, but it was very similar to pouring cement, and he stiffly pulled out a smile.
"Mr. Hu, this ......"
"On the issue of the shares of China Railway Construction Investment, the central government hopes that you can increase some of your holdings?"
"Overweight?!"
In the room, Fu Zhiheng and Hu Shengli stared at each other, and they couldn't help but be inexplicable. The establishment of the Ministry of Transport needs the support of China Railway Construction Investment, and Hu Wenhai's withdrawal can be said to be a sure thing. Why did Secretary Lu answer a phone call, not only did he not buy his shares, but also hoped that Hu Wenhai would continue to increase his holdings?
"What's going on?" Hu Wenhai looked at Secretary Lu in confusion, shook his head and said: "The operation of China Railway Construction Investment is related to the Ministry of Transportation, let me continue to increase my holdings, isn't it appropriate?"
The third largest part of the money bag is pinched in private hands, I am afraid that it is not Mr. Hu who will follow Shen Wansan's old path.
"Ahem, that's right. β
Secretary Lu felt that his face was burning, and it was really uncomfortable to vomit. What's more, Hu Wenhai was so high-spirited before, and everyone agreed to sell their shares, but when he turned around, he asked others to increase their holdings?
"Regarding the report submitted by you, Mr. Hu, the leaders have already met to study it. β
"Oh, the one with the exchange rate between the pound and the mark?" Hu Wenhai thought for a moment and nodded: "If there is any work that I need to do, Secretary Lu only needs to say it, and I will fully cooperate." β
"No, not cooperation. Secretary Lu hurriedly waved his hand and said with a dry smile: "The chief's meaning is that he hopes to take Mr. Hu as the main player and make use of this problem." Whether it is for the United States, Britain or Germany, it is not appropriate for the state to intervene. Of course, as far as the hopes of the central authorities are concerned, it is not appropriate to provoke the Americans too much - after the collapse of the Soviet Union, the attitude of the United States towards us is changing. β
"Britain and Germany, this is just a matter of Hu Zong's free play. Anyway, no one is more professional than you in this area. β
The conscience of heaven and earth, Hu Wenhai is really not very professional in finance...... I don't know how this illusion was established. Hu Wenhai couldn't help but sigh in his heart, so he could only recite two lines of poetry silently, and he went on it hard.
"What the chief means is that China Railway Construction Investment can be divided into two. ST Group provided a targeted financing to China Railway Construction Investment, increasing its stake in China Railway Construction Investment to 60%. The credit and other businesses of China Railway Construction Investment will be independent and a new China Development Bank will be established together with the Ministry of Finance. β
"As for the funds of the China Development Bank, we have to ask China Railway Construction Investment to support one or two. Please rest assured that the shares in CDB will not be missing yours. β
In this way, the signboard of China Railway Construction Investment is retained, and if Mr. Hu's investment repeats the problems of the last Gulf War, the state can also have enough reasons to come forward to negotiate. β
Hu Wenhai suddenly realized and couldn't help laughing. In the final analysis, his prestige in finance has not only played a role internationally, but also has given birth to a kind of blind worship at home. As soon as I heard that there was another opportunity to make money, the above one was not faster than the Xiangjiang reporter.
Hu Wenhai's report is a reminder that the bureaucracy's instinct for departmental interests can only give way to the state's hunger for funds. When he comes back after making money, CDB will not have to worry about the problem of funds.
The idea of kicking Hu Wenhai out of China Railway Construction Investment was simply mentally retarded, such a cash cow, of course, he had to hold his thighs tightly and not let go! Not only did he not let go now, but he got this lesson, and I am afraid that he will remember this lesson for at least 50 years.
Since Hu Wenhai said that there is a problem with the pound and the mark, then there must be a problem. No one will ever worry about losing money, only thinking about what to do if they don't get it back. Leave him the tiger skin of China Railway Construction Investment, and the investment will be carried out in the name of China Railway Construction Investment Bank. The money earned by China Railway Construction Investment from foreign investment, and then enter the China Development Bank to occupy a certain share, then there is no problem at all.
As for whether the CDB will make money? Is there any need to ask? The 30 billion yuan loan for the Three Gorges Project was exclusively provided by the CDB. In China, you have to wonder if a policy bank can make money, just like you doubt whether the China Securities Regulatory Commission can influence the stock market.
And after such a work, China Railway Construction Investment will undoubtedly change to become a real investment bank. After this sterling business, will it be far from selling subprime loans in the United States?