Although there are conditions for the privatization of Meigang, Shen Huai has no intention of restricting Meigang's future development space because it is beneficial to him personally.

At present, the reforms being carried out in China are mainly concentrated in the field of the economic system, and they have just entered the stage of tackling tough problems, and there must be a process for making breakthroughs in all kinds of conservative policies.

At least in '95, upholding the status of the main body of the public economy has been repeatedly emphasized from the zhongyāng to the localities; the development of the non-public economy is still in the stage of exploration, and all sides are still very cautious.

Even in places where attracting investment is in full swing, the development of the non-public sector of the economy is subject to various restrictions in terms of economic policies.

This kind of restriction is all-round, even if Song Hongjun wants to develop in China, he must be suppressed under the ceiling of policy.

Foreign-funded industrial projects of several hundred or tens of millions of dollars are subject to limited examination and approval power in the province. No matter how large the scale is, it basically has to pass the examination and approval of the State Council and the State Development Planning Commission.

Many projects are often abruptly cut due to concerns about "national security".

Evergreen Group and SITC Industry want to enter the domestic securities market this time, even if there is a relationship with the Song family, the amount of investment is also strictly limited, and the amount of securities investment approved to enter the pilot project is only 20 million US dollars, and other excess funds can only be invested in local real industries.

At the national level, it is necessary to take into account the overall bearing capacity of the domestic securities market, and it is impossible to say that it will tolerate foreign businessmen entering the market with billions of dollars at once, thus stirring up a bloody storm in the newly developed securities market.

Heavy industry, real estate, and many other industries are not very open to foreign and private capital at present.

Petroleum exploitation, refining, railways and other industries that are the lifeblood of the domestic economy, not to mention that at present, may not allow foreign and private capital to enter for a long time in the future.

Although Meigang has carried out a shareholding restructuring, in terms of political attributes, it is a mixed-ownership enterprise, but the collective shares held by the Meixi Town Government and the state-owned shares held by Dongdian Huaineng (both of which are public nature) still occupy the dominant position, and the private equity held by Pengyue, Zhongxin, Zhujiang Construction and the management (which is non-public) is in a subordinate position, so they can enjoy the treatment of public enterprises in terms of project approval, loans, market operations, etc.

In some places, there are stricter restrictions on the proportion of public shares in mixed enterprises, and even require that the proportion of public shares must exceed 66.6% (absolute majority) in order to enjoy the treatment of public enterprises.

Once Shen Huai chooses to privatize Meigang at this time, so that the proportion of non-public equity exceeds 50%, it will cause a fundamental change in the nature of Meigang's enterprise, and when Tan Qiping directly suppresses Meigang's development in the local area, he has no place to reason.

This has nothing to do with factional struggles, but is largely determined by the current political climate.

It can be said that once Shen Huai privatizes Meigang, before the new economic policy is made a breakthrough, he will be severely restricted if he wants to further develop Meigang, which is not what he wants to see.

Shen Huai told Sun Yalin and Song Hongjun his thoughts.

"A steel enterprise with a direct annual production capacity of 800,000 tons of steel, and an industrial chain group with a total annual output value of related enterprises that may exceed 4 billion, can't you be satisfied?" Song Hongjun pursed his lips, and said in a puzzled tone that was difficult to communicate with Shen Huai, "How big is your ambition?"

"Fuji Steel wants to accelerate its overseas industrial layout through industrial integration in Japan and reach the goal of 20 million tons of annual production capacity within five years," Shen Huai said with a smile, "It would be bragging to say that it will develop to this level in three to five years, and if we dare not aim to surpass Fuji Steel in our 20-year development plan, it is really not ambitious." ”

Song Hongjun smacked his lips, and he didn't know how to evaluate Shen Huai's "ambition":

With an annual output of 6 million tons of steel, Yanjing Iron & Steel is already a state-owned enterprise at the vice-ministerial level, and the chairman of the board of directors of the Yanjing Iron and Steel Group, whose political status is even higher than that of ordinary vice-provincial and ministerial-level officials, is an alternate member of the Zhongyāng Group.

As long as Shen Huai keeps the nature of Meigang's public equity as the main body, as long as Shen Huai does not give up his identity within the party, as long as Meigang's production capacity, output value, and profit scale can continue to break through, Meigang can also be upgraded.

Shen Huai saw Song Hongjun smacking his lips and said with a smile: "Why, don't you dare to have such ambitions?"

"You are so optimistic about the development prospects of the domestic steel industry, what basis is there there?" Song Hongjun asked.

"Europe, the United States, Japan, South Korea and other countries have almost completed industrialization, so the total demand for steel in the process of industrialization can be estimated," Shen Huai said, "as long as China's industrialization process is not interrupted, by the time the industrialization is completed, a total of 20 billion tons of steel will be consumed." If we want to complete the industrialization process in the next 50 years, then to the peak of domestic industrialization, the domestic steel industry production capacity must reach at least 400 million tons.

"This professional is not professional with us, and the depth of the problem is different......" Song Hongjun turned his head and said to Sun Yalin stupidly.

At that time, the overall goal of the domestic steel industry was only to break through 100 million tons of annual output, and few people said that the target was directly on the annual output of 400 million tons.

"It's you who is not professional," Sun Yalin said disdainfully, "You can still hide it from others with that little bit of caution, in the final analysis, don't you have no confidence in China's rise?"

Song Hongjun asked Sun Yalin to hit the key point, and laughed.

As a matter of fact, it is not difficult to determine the long-term goal of the country's economic development as a whole, and as early as the beginning of reform and opening up, the state put forward at the highest level the principle of adhering to the principle of unchanged in the initial stage of socialism for 100 years. This is estimated from the main goal of completing industrial modernization, and it is not a data that Zhongyāng leaders have come up with scratching their heads and patting their brains.

At present, one is that some people are confident in achieving this goal, and some people are not. Another divergent view of the route to achieve this goal is to be pursued: some believe that shock therapy is needed, while others insist on gradual reform.

Shen Huai first communicated with Song Hongjun and Sun Yalin, and then made an appointment with Zhou Zhibai, Yang Haipeng, Zhu Li, Chu Yiliang and others to Meigang in the evening to inform them and other high-level officials of Meigang at home and the core cadres of Meixi Town.

The problem of financing difficulties is not only Shen Huai and Sun Yalin, but also Zhou Zhibai, Yang Haipeng, Zhu Li, Chu Yiliang, Zhao Dong, Wang Kangsheng and other senior executives of Meigang, as well as He Qingshe, Li Feng, Yuan Hongjun, Guo Quan, Huang Xinliang and others.

However, the funds required for the construction of the new Meigang plant are huge, and enterprises such as Pengyue, Zhujiang Construction, Ziluo Home Textiles, and Penghai Trade are still only in the early stage of development, and the funds that can be drawn to supply the construction of the new Meigang plant are limited.

Pengyue is the strongest, with total assets of nearly 200 million, but assets and funds are completely different concepts.

Pengyue provided a guarantee for the construction of Zhuxi Avenue of 40 million yuan, and no longer had the ability to continue to obtain loans from the bank, so it could only inject the new profits into the construction of the new Meigang plant, at most two or three million per month. Compared with the massive amount of funds required for the construction of the new plant project, this is undoubtedly a drop in the bucket.

Of course, everyone was not pessimistic and disappointed, and even prepared for the construction period to be delayed for a year or more. A steel mill with an annual production capacity of 600,000 tons will have a one-year construction period as a goal put forward by Shen Huai, but in fact, it is not too late to build two to three years.

It's just that the construction cycle of the new plant is prolonged, in addition to the financial cost will be greatly increased, the profitability will be weakened, and there may be additional market risks, the most important thing is that the Meigang system will be at an absolute disadvantage in the battle between Donghua and Tan.

In order to ensure that the energy source continues to draw new funds to ensure the smooth progress of the construction of the new plant, it is difficult to bear additional risks and blows.

Shen Huai chose to back down before, in fact, to avoid a more violent conflict with Tan Qiping, to avoid the construction of Meigang's new plant from being hit by additional blows.

To do business, you must have passion, but you must pay more attention to resilience.

Whether it is Zhao Dong, Yang Haipeng, or Qian Wenhui and Wang Kangsheng, they are all people who have experienced setbacks, have the enthusiasm to do business, and also have the resilience to persevere.

However, more or less, everyone's morale has also suffered some blows.

This time, Tan Qiping directly held a preparatory seminar for the Meixi New District in the name of the municipal party committee, and even made a big splash, which made everyone even more depressed.

The rise of Meixi Town in the past two years was originally caused by Shen Huai leading them together.

The foundation of Meixi New District is Meixi Town, Tan Qiping kicked them out of the preparation and construction of Meixi New District, not to mention, but also built momentum for himself, how can this make Zhou Zhibai and others look at it?

The so-called exhaustion of mountains and rivers, the so-called willows and flowers, nothing is so.

When Shen Huai said that Meigang would get a total of $30 million in bond investment, Zhou Zhibai, Yang Haipeng, Zhu Li, Chu Yiliang, Zhao Dong and others first reacted that they thought Shen Huai was joking with everyone, and they couldn't believe it, so they were excited and wanted to shout.

Shen Huai explained to everyone the source of the bond investment funds, and said: "I plan to split this bond investment funds into two parts, one part of which will be undertaken by the two platforms of Zhongxin and Zhujiang Investment, and then inject into the Meigang new plant project in the form of equity investment, and part of it will be directly injected into the Meigang new plant project in the form of corporate bonds to ensure that the debt ratio of the entire project is 50%. This is also convenient for us to increase our voice when the entire Meigang system is adjusted and merged after the completion of the new plant. Another thing I want to say is that I will formally submit to the city tomorrow to resign from the post of secretary of the town party and secretary of the party working committee of the park, so as to ensure that in half a year to a year this year, I can mainly devote my energy to the construction of the new factory. ”

"Why do you have to regress at this time," Yang Haipeng was extremely puzzled, the biggest hurdle in the construction of Meigang's new plant has passed, and many people are staring at Meigang and Donghua in all aspects, Tan Qiping's means of sticking Meigang's neck are already very limited, it should be that he is jealous of Shen Huai and Meigang, and asked, "Shouldn't the position of secretary of the Party Working Committee of Meixi New District be yours?"

Shen Huai said with a smile: "If I take the position of secretary of the party working committee of the new district, do you think Tan Qiping will not have the ability to drag the new district back? In the past, Meixi Town was inconspicuous and there was no threat: there was no resistance to the restructuring of Meigang; there was no resistance to the merger of Hetang into Meixi; there was no resistance to the application for the construction of the Jianggang wharf; there was no resistance to the application for the construction of Zhuxi Avenue with a loan from the bank; and there was no resistance to the application for the new factory project. Among the above so many things, if Tan Qiping directly stands up and sets up obstacles, how likely are we to break through the obstacles? Whether the preparation time for the new area is long or short, this can be controlled. Even if Tan Qiping can't explicitly stop us, he will set up another new district in Xipi District or Beicheng District, and even directly ask local financial resources to be tilted toward the development zone in an all-round way, what can we do about it? You must know that in order for the new area to develop, roads and other infrastructure construction must go first, but domestic infrastructure investment has not yet been opened to foreign investment. If Donghua wants to be the first to open this opening, he must get Tan Qiping's approval. Do we have the ability to drive Tan Qiping out of Donghua right now?"

When he felt that Tan Qiping was already an obstacle, he should be knocked down or driven out, but he had to admit that this goal was difficult to achieve in a short period of time.

However, when it was clear that he had already gained a certain advantage, Shen Huai continued to choose to back down, and everyone was somewhat depressed.

Shen Huai's thoughts, they still understand: Shen Huai wants to make his personal concessions in exchange for the faster rise of Meixi New District. Even if the achievements of the rise of the new district are likely to be taken away by Tan Qiping, it is likely to greatly stabilize Tan Qiping's position in Donghua, and Shen Huai has nothing to regret.

On the way back to the hotel after leaving Meigang, Song Hongjun also had to sigh with emotion: "To be honest, I don't have the bearing of you, if it were me, I wouldn't care if the local development would be dragged down, and the most important thing was to kill the enemy first." ”

"Shen Huai wants to have a heart with you, and when Mei Gang is about to close, he should toss Mei Gang for himself," Sun Yalin stood in the back of the car, disdainful of Song Hongjun's remarks, and said, "Shen Huai really wants to have a heart with you, can Mei Gang's production capacity exceed 200,000 tons, and then continue to break through to 800,000 tons? If Meigang is privately owned by the Song family, Aunt Song still dares to use Dongdian's resources to help build a power plant in Meixi, and she must not be bitten to death by political opponents?"

Shen Huai and Song Hongjun smiled slightly, and said: "Everything has advantages and disadvantages, don't try to take advantage of everything." Tan Qiping is the secretary of the municipal party committee and a red child, he can't bite me to death, it's depressed enough, you also tell him to take a breath. ”