442. China Development Bank

Li He is now well-behaved, he doesn't even want to go out of the door when he has nothing to do, and he can occasionally enjoy Bavla's massage and tickling services, which is a little corrupt. Pen ~ fun ~ pavilion www.biquge.info

When the Chinese business delegation arrived in Moscow, Li He did not greet him, but only held a symbolic welcome banquet and helped to charter a Moscow hotel.

Ambassador Liu Qing said, "In principle, it has been agreed to jointly fund the establishment of a policy bank, and before we talk with the Russian side, you need to discuss with Minister Wang Yiqian of the Ministry of Finance, and you can agree on the proportion of capital contribution and the conditions of the mortgage." ”

"No problem. Li He didn't expect that the specifications of the delegation would be so high this time, and the first stop of the delegation was actually the Russian Northern Shipyard, which was a little surprising.

Liu Qing said, "The people from the Ministry of Finance proposed to discuss it on the basis of the plan provided by the Ministry of Finance?

Li He nodded in agreement, "This way both parties can save time." ”

"That's good, I've already brought the plan, you can see for yourself. ”

The well-trained finance and audit team, led by Pan Youlin, gave very specific advice.

Li He has a certain spectrum in his heart.

The meeting took place in a conference room in a Moscow hotel.

Wang Yiqian is a polite old man, wearing a straight suit, when he was led in by Liu Qing, he praised Li He and said, "I have heard of you for a long time, and when I saw it today, it really deserved its reputation." ”

"Thank you. Li He politely gave up his seat. The negotiators were ready, and there were a dozen or so people sitting on either side of the table, representatives of the Ministry of Finance on one side and Pan Youlin's team on the other.

Wang Yiqian said with a smile, "Then to save time, we still have to listen to your opinions." ”

"We don't have much opinion on the proportion and amount of capital contribution, but I said my own small request, and I don't agree with the model of the state-owned assets regulator directly fulfilling the rights of investors in the joint venture. "Li He is resolutely unwilling to deal with such an annoying department as the State-owned Assets Supervision and Administration Commission.

The people in the Ministry of Finance were stunned, they didn't know what kind of problem Li He was talking about, Wang Yiqian smiled and pointed to a middle-aged man, "This is Director Wu of our State-owned Assets Management Bureau, if you have any opinions, you can say it directly." ”

Director Wu said, "I am willing to listen to you." ”

Li He waved his hand and said seriously, "No, no, you may not understand what I mean." So the State-owned Assets Supervision and Administration Bureau as both a regulatory unit and a funding unit, this model is debatable, I mean how to avoid stacking the bed frame house and lengthening the principal-agent chain between the investor and the enterprise, which will essentially cause unclear rights and responsibilities. At present, isn't China advocating the market-oriented operation of enterprises and separating government administration from enterprise management? So how can we truly realize market-oriented operation? ”

"I see what you mean. Wang Yiqian didn't care, "You also know that this time is very tight, since you raised this question, you must have your own plan in mind, you can say it yourself." ”

"My opinion is that the state-owned capital investment companies or factories and mining enterprises under the Ministry of Finance should exercise the rights of investors, and the government and enterprises should be truly separated. ”

Wang Yiqian said, "Then you say this, if you really set up a joint venture bank, we won't talk about it in the future?"

Li He said with a smile, "Let's take an example, the Bank of China belongs to the Ministry of Finance, right? So for example, I mean, for example, the China National Petroleum Corporation and our Commerce Bank jointly set up a bank, and in the future, the instructions of the Ministry of Finance will mainly be conveyed through the platform of the Bank of China, and through the standardized corporate governance structure, it will be transmitted to the lower levels in a "market-oriented" way. ”

"Thorough!" Wang Yiqian applauded on the spot and said with a smile, "I am in charge, I agree!"

He is very happy, this has given him a lot of inspiration, through a simple adaptation and structural change, the separation of government and enterprises, clear the Ministry of Finance's own functional positioning. And this kind of program does not have any loss to the Ministry of Finance, the Ministry of Finance to do the work of enterprises, it is a bit out of character, by the Ministry of Finance enterprises to do this kind of work, no better!

"Thank you. "If the other party doesn't agree, Li Hezhen can't help it.

"Then there is the Industrial and Commercial Bank of China, the Bank of China, the Construction Bank, and the Agricultural Bank of China to jointly invest, these banks have always been doing policy-related business, and it is even more deserved to let them contribute!"

The four major banks and Commerce Bank jointly invested US$400 million to establish China Development Bank Co., Ltd., with the four major banks contributing US$240 million accounting for 60% of the shares and Commerce Bank contributing US$160 million accounting for 40% of the shares.

Theoretically, this is the case, but in fact all this money has to be paid by Li He, because the government lacks foreign exchange.

But what does the Treasury use as collateral?

The Big Four are not joint-stock companies and cannot be used as equity mortgages.

Wang Yiqian waved his hand, "We use the equity of Bank of Communications and China Merchants Bank as collateral. ”

He has no confidence in saying this, because these two are all sold, and they are not worth 240 million US dollars, not to mention that they still have a small amount of equity.

"I agree. Li He stopped Pan Youlin, who was anxious to oppose it, because only he knew the value of these two joint-stock banks. These two are the earliest joint-stock banks in China, and there are not so many constraints, so the momentum of development is needless to say.

However, he can only mourn for these two banks, and he was accidentally sold, and he may have to help count the money in the future.

Wang Yiqian stood up happily, held Li He's hand and said, "If everyone is as responsible as Comrade Li and can support our work regardless of interests and losses, then we won't have a headache like this all day long." ”

Li He said with a smile, "I hope Minister Wang will take care of him in the future." ”

"Definitely, definitely. Wang Yiqian's mouth couldn't close when he smiled.

The Ministry of Finance was very efficient, and the financial information of China Merchants Bank and Commerce Bank was compiled by fax that afternoon. Pan Youlin and others began the financial audit work, but no matter how they calculated, they were all at a loss, and the value of the collateral could not cover the amount of the loan, and the difference was not half a star.

"Mr. Li, wouldn't this be too hasty?"

Li He said with a smile, "I hope that they will sell it directly to me, and with the development of the mainland economy, the banking and financial industry will inevitably enter an explosive period." ”

"The Ministry of Finance's stake in Bank of Communications is only 12 percent, and China Merchants Bank is only 23 percent, so I think they are really looking forward to selling it." ”

"Then just ask, if they are really willing to sell, save the mortgage, I will directly give the 240 million US dollars. Li He said generously.

Pan Youlin didn't answer, if he really did this, he believed that Huang Bingxin would definitely kill him.

The Ministry of Finance, on behalf of the four major banks, and Commerce Bank eventually signed an agreement to form the China International Development Bank.

And Li He's money also arrived in the first time. 400 million US dollars, which made the Chinese delegation ecstatic.

They began their talks with the Yeltsin government with a plan that had been prepared at home, and on the first day there were no economic negotiations, and an agreement was signed on the opening of tourism projects in border cities between China and Russia.

Li He has been playing soy sauce on the side, always reminding the Chinese delegation not to forget about the Betlerev Institute.

The Chinese Delegation's proposal was not a loan scheme as imagined by Russia, but mainly a procurement contract.

The Chinese delegation is going to take a loan from the China Development Bank, and then buy, buy, buy!

Of course, the Russian government is happy, if you want to buy, I will sell!

Then the two sides began to bargain over this.

The first contract signed was the start of imports of Russian S300 anti-aircraft missiles by China, and at the same time the readiness to provide China with a loan in rubles.

The further the negotiations, the higher the level of secrecy, and Li He was not qualified to participate.

However, he was not without gains, and with the help of the Chinese delegation, he took down a tire factory, a mold factory.