For the National Development and Reform Commission (NDRC), which is at the helm of China's industrial direction, the future of automotive automatic transmissions is a key area related to the country's economic security.

In the end, there is a lot of internal debate about where the future development direction of automatic transmissions is, and which of the three major fields of AT, CVT and DCT China should bet on.

If it weren't for Volkswagen's efforts to promote DCT, the National Development and Reform Commission would not have considered this direction, and if the judgment was wrong, then China's auto industry would have lost a lot of time.

There is no way to choose DCT, only BorgWarner is willing to provide the three core components of dual clutch module, torsional vibration damper and electronic control module, and Chinese automakers can purchase the three components to design and produce DCT assemblies by themselves.

In short, BorgWarner provides semi-finished core components, and domestic independent car companies can form their own DCT products as long as they establish a separate production line, process and purchase transmission housings, and find workers to assemble them.

According to the idea of the National Development and Reform Commission, the United Nations domestic automobile OEMs have the money to contribute money and technology to produce technology, and form an alliance company (i.e., Zhongfa Lian Company) to jointly tackle DCT technology, but the intellectual property rights belong to the National Development and Reform Commission, and then everyone can enjoy the research and development results through the contractual relationship, at least the shareholding enterprises can give priority to sharing this results.

The company is invested by major domestic OEMs, and then becomes an independent legal person and then has a joint venture with BorgWarner to realize the industrial layout of China's automatic transmissions. Without the exception of the Chunghwa Group, it is expected that DCT dual-clutch transmissions will become mainstream in the Chinese automobile market in the future, because all manufacturers are tied to the DCT ship.

"I can't imagine that the problem of the wrong direction, which we have been worried about, has been eliminated by mistake by the Chung Hwa Group.

If Zhonghua Group wins the AT transmission technology, then they will have CVT and AT mainstream transmission technology. In this context, we are led by the national power to promote DCT technology, even if it fails, there is no worry, because at least we Chinese still master the two mainstream automatic transmission technologies!"

At the internal discussion, in response to Zhonghua Group's proposal to acquire DSI, NDRC officials found that this was a good thing.

"Another point to note is that after the recent merger and acquisition of DSI, Zhonghua Group also submitted an application to join the 'China Development Union', and they also seem to be interested in the DCT field. In this way, the DCT national team we formed will unite 12 powerful domestic OEMs, which is enough to bargain with BorgWarner.

I don't know, in the future, we will have to rely on Zhonghua Group to overcome the technical problems of DCT, after all, they are more experienced. Frankly speaking, the most optimistic of these 12 domestic OEMs is Zhonghua Group. ”

Another NDRC official added that regardless of the Chunghwa Group's intentions, they have shown goodwill in the formation of the DCT national team.

Originally, according to the strength of Zhonghua Group, there was no strong sense of urgency to participate in the DCT project, but in order to get the AT project approved as soon as possible, Han Hao took the initiative to express his willingness to support the DCT strategy at the national level.

The story of the three monks who have no water to drink all know that relying on the ability of the National Development and Reform Commission to integrate these 12 domestic OEMs together, the prospects are unpredictable under the wave of market economy.

In the future, it is likely that the company will become like United Electronics, where foreign companies like BorgWarner provide core components wholesale, while Chinese companies are only passively organized and produced like retailers, and cannot master the real core technology.

In fact, the Zhonghua Group has long been in contact with another foreign company with DCT technology, and the two sides had a good experience of cooperation back then, but later the strategic misjudgment of the Getrag side underestimated the potential stock of the Zhonghua Group, and after going around in a big circle outside, it was found that the harvest was not as much as the cooperation with Han Hao at the beginning.

So Getrag returned to the Zhonghua Group and tried to sell his DCT technology to see if there was any possibility of continuing cooperation.

Speaking of which, we have to thank Getrag for breaking up that year, otherwise Han Hao would not have invested in CVT research, thus realizing a new leap forward for Zhonghua Group.

Since he planned to participate in BorgWarner's China Development Union project, Han Hao suspended his contact with Getrag, which can be regarded as making a certain sacrifice.

According to the current industrial layout of Zhonghua Group, DCT can only be marginalized, because CVT and AT have occupied the main resources. DCT is more of an investment research, and if DCT really becomes mainstream in the future, then Chung Hwa Group can also keep up with the pace.

Every time Han Hao came to Beijing, he would talk to his mentor Hu Yiming when he had time, because he benefited a lot from the other party's high-level vision during the exchange.

"You, your overall situation and political outlook have improved much compared to before, and you have changed significantly after becoming a family. Only by combining one's personal career with the rise and fall of the country, can we truly become bigger and stronger!"

After not seeing him for a while, Hu Yiming looked a lot more energetic, and he was very satisfied with being able to cultivate such an outstanding entrepreneur as Han Hao.

"How are you thinking about another big thing? I heard that you are in the capital, and I am waiting for your reply over there!"

After filling himself with a cup of tea and taking a sip, Hu Yiming asked quietly.

It turned out that when the two met, there were other things to talk about, and listening to Hu Yiming's tone was not a small matter.

"Since they came to the door, they knew I wouldn't refuse. And there is no harm in cooperation for our China Group, and it is not bad to be a pacesetter. ”

Han Hao smiled, showing his willingness to cooperate.

What is it that can make Han Hao's master and apprentice fight dumb riddles for a long time?

It turned out that the China Securities Regulatory Commission came to the door again, hoping that Han Hao could cooperate with them to promote another big move, that is, to guide the blue-chip stocks listed overseas to return to A-shares.

There are a lot of stocks on China A-shares, but there are very few good companies. Outstanding domestic companies have all gone public abroad, including China Mobile and PetroChina, which are big blue chips, and the benefits have been earned by foreign investors.

Moreover, China's stock market index has risen sharply, and it needs to have cornerstone stocks that are truly valuable investments. Therefore, following the reform of equity division, the China Securities Regulatory Commission (CSRC) has once again introduced blockbuster measures, hoping to guide blue-chip companies to return to the A-share market and invigorate and stabilize their own securities markets.

In the past, blue-chip enterprises had to go overseas due to lack of money in China, but now after several years of development, the domestic capital market has gradually grown, especially the big bull market, in order to meet the national strategy to maintain the stability of the securities market.

Blue chips are equivalent to the anchor of the big ship of the stock market, and the more and heavier they are, the boat will not easily capsize in the water.

In 2005, the China Securities Regulatory Commission launched the reform of equity division, which was fired by Zhonghua Group, and after more than two years of practice, it achieved very good results.

This year's blue-chip return action naturally takes into account the fact that China Motor, which has become a big blue-chip listed on the Hong Kong stock market, after all, Zhonghua Group, as the largest private enterprise group in China, has an immeasurable demonstration and driving role in every move.

If the return to A-shares is successful, China Motor will become a listed company in A+H, and the company's circulating market value will be more.

According to the proposal of the China Securities Regulatory Commission, it is hoped that China Automobile will issue 15% of the company's shares in the form of an IPO in the A-shares, which is expected to raise 30 billion yuan.

Originally, Han Hao was constantly raising cash, and if he returned to the blue chips of A-shares, he could invisibly add 30 billion yuan, which would be a profitable business for him. You must know that the follow-up investment in the acquisition of Jaguar Land Rover, as well as the hunt for Volvo, will have to use a lot of money. In the financial crisis, cash is king, and under the austerity policy, cash in hand can buy many good goods like cheap.

The stock market has soared all the way to 5,000 points, and the CSRC's top priority is to return these big blue chips as soon as possible, so as to expand the securities market and defuse the stock market bubble.

You must know that the price-earnings ratio of the stock markets of western developed countries such as the United States and Japan is in the range of 10-20 times, while the Chinese stock market has reached 40-60 times, and the bubble should be said to be very serious. If there is more water, more soil will be mixed in to reduce the degree of foam, and the return of blue chips is the life-saving soil that the CSRC has moved back.

Special affairs, China Automobile has proven its strength in H Hong Kong stocks, so returning to A shares is just a formality. According to the process of the China Securities Regulatory Commission, it will take about 35-40 days to realize the IPO process in A-shares, so that an excellent company like China Automobile can complete the historical mission of A+H.

China Motor is followed by state-owned giants such as China Construction Bank, China Shenhua and PetroChina, whose return will greatly stabilize China's stock market, according to the CSRC's expectations.

Behind this wave of domestic bull market, in addition to government policy guidance, there is also an important factor is that in recent years, China's foreign exchange and dollar reserves have soared year by year, from 500 billion to 1.5 trillion US dollars in foreign exchange reserves only took more than three years, and China's monetary policy with foreign exchange and US dollars as the anchor has to increase the domestic RMB issuance seriously, resulting in too much domestic currency and lack of investment channels, and continuous inflow into the property market and stock market.

At present, the developed countries in the West, led by the United States, are suffering from the impact of the economic crisis caused by subprime mortgages, and although China has established a firewall due to foreign exchange controls, it must do something to keep the economic crisis out of the country.

While he was in the capital, Han Hao met with relevant people from the China Securities Regulatory Commission, formally agreed to the plan for the return of China Automobile to A-shares, and promised to convene a board of directors and an extraordinary general meeting of shareholders as soon as possible to deliberate. As the controlling shareholder, Han Hao nodded and basically said that this matter was stable.

When the news came that the H-share blue-chip China Automobile was going to return to the A-shares, the National Development and Reform Commission also officially approved the application of Zhonghua Group to acquire DSI overseas, clearing the obstacles in national policy.

Before the NDRC approved, it routinely asked the domestic OEMs who intended to compete with Zhonghua Group for DSI, but they did not expect to get a negative answer. Whether it is capital, technology, or supporting production after the acquisition, it does not have the strength to compete with Zhonghua Group, even if it is in vain.

With the support of the Chinese government, the acquisition of DSI is a little more certain, after all, with other OEMs affected by the subprime mortgage crisis, only Chinese companies have the leisure and capital to complete cross-border acquisitions.