The meeting between Shen Huai and Ye Xuanfeng was relatively pleasant.

The cruel and indifferent reality of the situation also made Ye Xuanfeng have to put down his arrogant posture and agree to cooperate with the pilot work of power grid separation in Huaihai Province, accelerate the work of the Xudong Railway double-track project, and further consolidate the advantages of coal and power pooling.

Shen Huai also agreed to let Huaineng participate in the construction of Xinpu Coal Trading Center, coal storage and transportation base and transit port, not to weaken Huaineng's position and role in Huaihai Coal East, and to support Huaineng's participation in Huaihai Financial Investment.

At the same time, Shen Huai also agreed to allocate the shallow water required for the reclamation of the second phase of the Xinpu Power Plant to Huaineng to organize the reclamation on its own, and no longer restrict Huaineng from building a larger-scale power supply hub in Xinpu.

As long as it's not too stupid, it's not hard to guess what the future holds.

Meigang also does not have the ability to do several things at the same time, and if Huaineng does not promote the Xudong Railway double-track project to make substantial progress, it will drag on for three or four years, not to mention Meigang, that is, Huaihai Province has the spare power to promote the relevant work, and will not let Huaineng delay.

As for whether it is possible for Huaineng to participate in the construction of the Huaidian East Transmission Project in the future, Shen Huai did not give any clear answer at this time.

Ye Xuanfeng and the others can also understand that as long as Huai Neng substantially promotes the start of the Xudong Railway double-track project, consolidates its position in the eastward export of Huai coal, and strengthens the advantages of coal and power joint ventures, the time and conditions are ripe, and then proposing to participate in the construction of the Huai Dong power transmission project, it is not Shen Huai's personal determination to stop it.

At that time, Shen Huai at most refused to allow Huai Neng to participate in Jiang Electric Power, but whether the province would agree to Huai Neng to build another pithead power plant in Huaixi was not up to Shen Huai to decide.

He Chengguo did not stand up and express his position at the beginning, but asked this side to "do a good job", which is the fundamental reason.

The direction of domestic power system reform is to break the monopoly of regional power grid interests.

In fact, in the proposal submitted by Shen Huai, the construction of the power grid and the power plant for Huaidian's eastward transmission are also separated.

The power grid was independently financed and constructed by the Jiangdong Provincial Electric Power Group, and the construction of the power plant was undertaken by the Dongjiang Power Plant Group, a joint venture between Meigang, Huaimei and the Provincial Power Supply Corporation.

At the same time, Zhong Limin, secretary of the provincial party committee, demanded that the party building work in the Dongjiang Power Group be strengthened, and the management of the provincial state-owned enterprise working committee should be under the management of the provincial state-owned enterprise working committee, emphasizing the dual leadership of the party group and the chairman of the Dongjiang power plant, which means that the Dongjiang Power Group will not be completely controlled by Shen Huai in the future.

Shen Huai made concessions on this and did not show too strong a desire to control, which was the basis for Zhong Limin to ask him to meet and talk in Yicheng, recommend Xiong Wenbin as the executive vice mayor of Xucheng, and support Mei Gang to take on more work.

Zhong Limin, Tian Jiageng and others support Meigang, but in the final analysis, they fundamentally support the interests of the overall situation.

Similarly, Huaineng Group has relatively mature conditions in the future, and there is the support of He Chengguo, Song Qiaosheng and other high-level figures, who will propose to participate in the Huai Electric Power East Transmission Project, as long as it is in line with the interests of many parties, Shen Huai really wants to forcibly stop it, which will only make Meigang fall into an isolated situation.

Of course, Huaineng does not have this condition now, and wants to participate with the support of He Chengguo, Song Qiaosheng and others, Zhong Limin and others cannot resolutely take a stand, and in the end they will only muddy the water and cannot do anything.

As far as the current Huaihai Province is concerned, Zhao Qiuhua's attitude may be vague, Zhong Limin does not say it, even Xu Pei cannot openly spit on the banner of reopening erected by the Department of Calculations.

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We all need to carry the reality of the situation on our backs.

After more than a month of intense preparations, Dongjiang Electric Power Group was jointly initiated by Xinpu Development Group, Meigang Group, Meixi Industrial Co., Ltd., a listed company, Provincial State Investment Corporation, Huaimei Coal Group, the reorganized Provincial Power Group, and Huaixi City Investment Group, and was officially approved by the provincial government in early October.

The general draft of the development plan for the "Huai Electric Power Transmission to the East" project has long been written by the power departments of Huaihai and Jiangdong provinces in conjunction with the Dongjiang Electric Power Preparatory Working Group.

The registered capital of Dongjiang Electric Power is as high as 2 billion yuan, of which Meigang, Meixi Industrial Co., Ltd., and Xinpu Development Group will invest 1 billion yuan and hold 50 percent of the shares; the Provincial Electric Power Group will use part of the equity assets of the Zhujiang Hydropower Station, the Huai Coal Group will use the Qingfeng Coal Mine, and Huaixi City will use the assets of the Qingfeng Power Plant to convert into Dongjiang Electric Power, and invest a small amount of funds with the provincial state to jointly hold the remaining 50 percent of the shares.

At the same time, Dongjiang Power and the Provincial Power Group have established a joint venture company, Zhujiang Hydropower, to undertake all the assets of the first and second phases of the Zhujiang Hydropower Station, and the joint venture company will also be responsible for the subsequent construction of the cascade hydropower station in the upper reaches of the Zhujiang River.

Hu Shuwei held the post of secretary of the party group and general manager of Dongjiang Electric Power, and Zhong Limin and Li Guben both hoped that Shen Huai would concurrently serve as chairman, and Shen Huai pushed the post of chairman of Dongjiang Electric Power to Sun Fujing.

Shen Huai's energy is also limited, and he is no better than Sun Fujing in the field of coal power.

Hu Shuwei, as secretary of the party group and general manager, will actually assume the main responsibility for the construction and operation of Dongjiang Electric Power; if Shen Huai goes to the chairman of the board of directors again, he will undoubtedly cover up too tightly, and people will accuse him of being too ugly.

Meigang now holds Dongjiang Power in its hands, and will undoubtedly have to bear greater responsibilities in the future.

At present, the injection of one billion yuan into Dongjiang Electric Power is only the initial integration of hydropower, coal, electricity and other resources in Huaixi and the middle and upper reaches of the Zhujiang River, and the subsequent construction of cascade hydropower stations and pithead thermal power clusters in the upper reaches of the Zhujiang River will consume more than 10 billion yuan.

Shen Huai didn't want to take all the responsibility on himself.

In early October, in addition to the acceleration of the construction of many infrastructure projects, the ferronickel smelting project invested by Meigang in Qingfeng is also being approved, and will strive to start construction at the end of the year.

By the end of October, Xinpu Refining & Chemical Co., Ltd. was successfully put into operation, which also marked Meigang's step into the ranks of large-scale joint industrial groups.

The container shipping business of Sinpu Shipping Group and the container terminal of Sinpo Port were also officially placed under the Hong Kong-listed company Haisheng Shipping in mid-October.

As the new parent company of Haisheng Shipping, Xinpu Shipping Group holds more than 50% of the shares of the listed company together with Meigang, Xinpu Development Group, Hongji Investment, Zhongxin Investment and Zhujiang Investment.

Hu Lin and Gu Zexiong finally failed to expel Yu Wei from Baohe Shipbuilding. After Haisheng was controlled by Meigang, it signed an agreement with Baohe Shipbuilding to invest HK$500 million to acquire the container special equipment manufacturing plant invested and built by Baohe in Xipizha. Of course, Baohe Shipbuilding also needs to inject this capital into the construction of Xinpu Port and Jihe Port.

Shen Huai promised to cooperate to help Yu Wei adjust the investment structure of Baohe Shipbuilding, but he would not let Yu Wei siphon away the capital urgently needed for local development.

With the assistance of Guo Chengze, Li Gu and others, Baohe Shipbuilding obtained a financing line of one billion yuan from China Development Bank and CITIC Investment for the follow-up construction of Xicheng Shipyard and Xipi Gate Ship Coordination Industrial Park.

In this way, Yu Wei and Baohe Shipbuilding got rid of the Zhao system and became a more neutral existence.

Although Huaineng still injected capital into Huaineng Rongtou as originally planned, the amount of capital injected was reduced from the initial plan of 500 million yuan to 300 million yuan; the amount of capital injected into the tourism and real estate companies jointly established with Haifeng and Jinding was also reduced to 200 million yuan; and the proposal for the establishment of the Xudong Railway Co., Ltd. and the promotion of the electrification and double-track reconstruction of the Xudong Railway was also submitted to the State Council for examination and approval in late October.

At the same time, Huaineng began to prepare for the listing of Huaineng Power in China.

Ye Xuanfeng and the others also realized that although Huaineng Power currently has a strong profitability, it is difficult for Huaineng to quickly expand its scale by relying on the annual profit accumulation of three or five billion yuan.

If Huaineng wants to make great strides forward, in addition to He Chengguo and others continuing to promote the transfer of power assets, they also need to expand the scale of financing from more channels - the electrification of the Xudong Railway and the reconstruction of the double line, and the amount of capital contribution to be borne by Huaineng is as high as 2 billion. If this fund is not raised in place, it will be difficult to make substantial progress in the work of Huai Coal to the east, and there will be no qualifications to participate in the Huai Electric Power Transmission to the East in the future.

Financing from banks is conducive to rapid expansion, but it will also increase the scale of debt and financial burden; financing through listing and issuance of shares is an effective means to effectively expand the scale of its own capital, and the shares issued are also dispersed to public investors, so there is no need to worry about affecting the loss of control.

As a central enterprise, Huaineng Group is promoted by He, Dai and Song Qiaosheng and others, and if it is really determined to do it, the listing procedures can be simplified, and the speed of promotion is much faster than that of local enterprises.

At the same time, the bank was also listed in Hong Kong in mid-October.

The total assets of Industry Credit Bank have also successfully exceeded 100 billion yuan this year, except for the four large state-owned commercial banks, among the medium-sized commercial banks, Industry Credit Bank ranks only after Rongxin and China Merchants. However, the total assets of the bank are mainly composed of depositors' deposits, and its own capital is only 8 billion.

In China, there are strict requirements for the capital adequacy ratio of commercial banks, and the insufficient capital of business credit banks has seriously affected the development of deposits, loans, trust and investment businesses.

The volume of the domestic securities market is still small, and a total of tens of billions of new shares are issued every year, such as the Industrial Credit Bank, which has to raise 4 or 5 billion yuan of large-cap shares at a time, while the State Council does not advocate or support listing in China.

Last year, the bank planned to list in Hong Kong to make up for the lack of capital, but at the wrong time, under the financial turmoil, the Hong Kong securities market was extremely bleak, and the bank's listing plan was delayed.

It was only in the second half of this year that Hong Kong's securities market stabilized and rebounded slightly, and more importantly, Hongji, Zhongxin and Evergreen Group joined forces as basic investors to bear more than one-third of the HK$4 billion shares issued by the bank, so that the bank was successfully listed.

The capital of the bank has expanded to 12 billion yuan, but at the same time, Hongji and Zhongxin, as basic investors, hold 8% of the bank's shares, and the Evergreen Group, together with the previous Sun family and BNP Paribas' shareholding in the bank, also has a total shareholding of 13%.

Regardless of whether Ye Xuanfeng admits it or not, the domestic game planning is also undergoing profound changes, and only in terms of influence on Yexin Bank, Meigang has officially surpassed them and reached the level of recommending directors to the board of directors of Yexin Bank.

Perhaps at this point, they suddenly understood why Yexin Bank was so actively involved in the Huaidian East Transmission Project?

In the final analysis, Shen Huai, through Yao Ronghua, reached a private agreement with the senior management of Yexin Bank, Yexin Bank supported the Huaidian Eastward Transmission Project, and Meigang and Evergreen Group supported the listing of Yexin Bank in Hong Kong.

Of course, this series of intensive capital operations has also consumed the more than $200 million that Zhongxin and Hongji have raised in overseas capital markets this year, as well as the nearly one billion dividends that Meigang has shared in the steelmaking business this year.