After the New Year's Day in 2001, Huaihai State-owned Assets Management Group was officially established in the IFC. This is also the first time that Huaihai Province has taken the lead in the country's pilot exploration in the reform of state-owned enterprises, but in order to avoid causing greater controversy in China, there is no big publicity for the listing ceremony, and the news is only published and broadcast in the media in the province.

Although Xu Pei is a person who cares a lot about political reputation, he is not sure what kind of waves will be caused by going out in this step, and what he cares more about is that after the establishment of Huaihai State-owned Assets, the construction of Nanwan Lake University Town will be promoted under the banner of Huaihai State-owned Assets to ensure that the banner of the construction of Nanwan Lake New Area is still in the hands of the Department of Planning and Economics.

At the time when Cui Weiping and Hu officials were showing their edge, even considering that the current provincial financial scale was far from being generous, Xu Pei still did not hesitate to agree with the provincial finance to support and promote the construction of the university town, which naturally had his trade-offs.

At this time, the construction of the university town was started, and the total number of college students in Xucheng could almost double on the existing basis and expand to more than 500,000 by about 06 and 07 years.

This will not only strengthen Huaihai Province's position in the field of higher education, but also consolidate the potential and space of Huaihai Province's future economy, especially in the development of high-tech industries.

The university town, which will accommodate 250,000 teachers and students to study and live, will not only directly promote the large-scale construction of the Nanwan Lake New Area and promote the development of Xucheng urban area to the east.

Taking this step, as long as it does not induce a systemic financial crisis in the next three to five years, Xu Pei's position in Huaihai Province will be unshakable.

Xu Pei had such an urgent mood, so Nanwan Lake University Science and Technology Park Holding Investment Group Co., Ltd., referred to as University Town Holdings, which was registered under Huaihai State-owned Assets, was also established in the IFC Building on the same day.

Although the provincial finances at this time were not abundant, in order to ensure that the construction of the three campuses of Nam Van Lake University Town could be started in the first half of the year, together with various institutions, the first batch of funds of 2 billion yuan was allocated and injected into University Town Holdings as registered capital.

University Town Holdings, as the main body of the investment and construction of Nam Van Lake University Science and Technology Park, will become the core subsidiary of Huaihai State-owned Assets together with large groups such as Huaihai Coal Industry, Dongjiang Electric Power, Huaihai Electric, Huaihai Financial Investment, Guosen Investment, Dongjiang Real Estate, and Huaihai Construction Engineering.

Huaihai Construction Engineering Group, as the former leader of the engineering and construction industry in the province, has been dragged down by the project debts between state-owned enterprises in recent years, and has been slow to intervene in the Donghua market, and its development is much slower than that of other construction enterprises in the province.

Huaihai Construction Engineering, that is, the provincial construction group not only development speed, is in terms of scale, now called Zhujiang Construction, Xucheng Construction, Donghua Port Construction and other large construction enterprises in the province beyond the past.

Taking the construction of Binjiang business district and Pengyue Modern City as an opportunity, construction groups such as Zhujiang Construction and Rongxin Construction have poured in, and Xucheng Construction Engineering and other enterprises have developed rapidly, and Huaihai Construction Engineering cannot even maintain its inherent market share in Xucheng.

Fertilizer water does not flow into the fields of outsiders, and almost all of the construction of Nanwan Lake University Town will be directly or indirectly funded by the provincial finance, and the construction liabilities borne during the period will also be covered by the provincial finance, and the provincial state-owned enterprise Huaihai Construction Engineering with the same interests will be designated to undertake the construction of the project, which is no problem in terms of procedure, but Huaihai state-owned assets must determine the builder of Nanwan Lake University Town through market bidding, and it seems that there is no impossibility.

Therefore, in order to contract the Nanwan Lake University Town project, which may have a total investment of more than 50 billion yuan, there is no need for Shen Huai and Jiang Yibin to do their work, Huaihai Construction Engineering almost came to the door, crying and shouting that the first batch should be placed under the Huaihai state-owned assets.

Huaihai Construction Engineering has not exceeded 10 billion yuan in construction output value in 00 years, as long as the fertilizer water does not flow into the fields of outsiders, the project of Nam Van Lake University Town can be contracted, and the income in the next few years can at least double.

With such a super-large project backed by the provincial finance, there is naturally no reason not to hand it over to Huaihai Construction Engineering at this time.

Coupled with the equity assets of Dongshi Group, Xudong Railway Holding Group and other enterprises belonging to the provincial state-owned assets, Huaihai state-owned assets had a net asset value of 32 billion yuan at the beginning of its establishment.

Even if it is placed in China compared with the backbone enterprises, Huaihai state-owned assets are also a veritable giant.

In the end, the provincial government agreed to the implementation of the board of directors system under the board of directors of Huaihai State-owned Assets and set up an executive supervision committee under the board of directors as a permanent decision-making body of Huaihai State-owned Assets to decide and supervise the major construction and investment projects of the group and its subsidiaries.

In addition to Jiang Yibin, Shen Huai, Sun Fujing and other members of the party group, the top leaders of the core subsidiaries, Qi Guangwei, Hu Hongwei, Qin Dawei, Zhou Weimin, Hu Shuwei, Ge Zujun, chairman of the Provincial Construction Engineering Group, and Liu Jizhou, chairman of Dongshi Group, have all entered the executive supervision committee.

Liu Jizhou's family holds 20% of the equity of Dongshi Group, and Liu Jizhou, as the head of the operation team of Dongshi Group, is able to serve as the chairman of Dongshi Group.

Huaihai State-owned Assets only participates in Dongshi Group, but has no holdings, and will further reduce the shareholding ratio in the future, but Shen Huai nominated Liu Jicai to enter the Executive Supervision Committee, in essence, hoping that Huaihai State-owned Assets will introduce more fresh blood from outside the system in the future management decisions.

At the same time, Shen Huai also invited He Jian, president of the Provincial Academy of Economics, and Wu Danqing, an economist and dean of the School of Economics and Management of Huaihai University of Technology, to serve as independent directors of Huaihai State-owned Assets to improve and strengthen the decision-making ability of Huaihai State-owned Assets.

On the day of the listing of Huaihai State-owned Assets, the Executive Supervision Committee passed a resolution agreeing that Guoxin Investment and Huaihai Financial Investment would jointly invest 2 billion yuan to purchase 20% of the equity of Shiqing Railway from Jinnan Group (Jijia) Holdings, and that Huaihai Electric would issue 20% of the shares to Jinnan Group to obtain 2 billion yuan of capital injection from Jinnan Group.

Although Huaihai State-owned Assets was established, and Jiang Yibin served as the party secretary and chairman of the board, everyone knew from the composition of the board of directors and the members of the executive supervision committee that Shen Huai was the real person in charge of Huaihai State-owned Assets.

However, when you think about it, this is also an unavoidable situation.

The first batch of core subsidiaries and equity assets of Huaihai State-owned Assets Management Group have developed rapidly in recent years, and can be said to be the most advantageous assets within the provincial state-owned assets, but they are more or less closely related to Meigang.

It can even be said that the establishment of Huaihai state-owned assets only brings together the forces of Meigang in the provincial state-owned assets system.

The provincial finances are far from being sufficient, and in order to start the construction of Nam Van Lake University Town at this time, there needs to be a strong core to carry out capital co-ordination.

No one in Huaihai Province had imagined that the province had the ability to start an unprofitable project with an investment of up to 50 billion yuan - 50 billion yuan worth five years of provincial finance, and now the province and Xucheng City have let Shen Huai carry this heavy burden, how can they maliciously tie his hands and feet?

Over the years, we have also seen Meigang in the rise of Donghua economy played a huge role, in addition to those who stand on the opposite side, more people also hope to have a similar to Meigang "industrial aircraft carrier", can play a leading role in Huaihai Bay and Huaihai Province, and promote the faster and better development of the local industrial economy.

The start of construction of Nam Van Lake University Town will kick off the construction of Nam Van Lake New Area.

Before New Year's Day, the Xucheng Municipal Party Committee and Municipal Government formally established the Nanwan Lake New Area Management Committee, a dispatched agency under the jurisdiction of the municipal government, with Lu Junsheng, secretary general of the municipal government, concurrently serving as the secretary of the working committee and director of the management committee.

Under the Nam Van Lake New Area, the University Science and Technology Park Management Committee was set up, and Huang Xinliang was transferred to serve as the secretary of the Working Committee and the director of the Management Committee, and Huang Xinliang also served as the deputy director of the Management Committee of the Nam Van Lake New Area, and represented the Nam Van Lake New Area into the University Town Holding Coordination Committee, and the holding company also served as a director.

Nam Van Lake University Town, both in terms of the importance of its status and the scale of construction, is twice as prominent as that of Nam Van Lake International Expo Park.

Rongxin and Baohe have no more choices, either to enter the game on conditions that are no longer considered preferential, or to give up the construction rights of projects such as the East Ring Expressway and the International Expo Park, and Meigang will naturally take over.

A few days later, Gujia Baohe Trust, Baohe Real Estate and other Hong Kong enterprises controlled by Baohe officially injected a total of HK$5 billion into Rongxin Construction and Rongxin Real Estate, and obtained 40% of the shares of Rongxin Construction and Rongxin Real Estate respectively.

Later, Rongxin Construction and Rongxin Real Estate signed an agreement with the Xucheng Municipal Government to invest in the construction of the East Ring Expressway and Nanwan Lake International Expo Park, and the Xucheng Municipal Government also allocated the operating rights of the East Ring Expressway for 25 years after the completion of the East Ring Expressway and the 3,600 acres of construction land in the periphery of the Expo Park and the Nanwan Lake Financial Center District as compensation, which were allocated to Rongxin Construction and Rongxin Real Estate respectively.

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After the establishment of Huaihai state-owned assets, Shen Huai focused on the side of Huaihai state-owned assets.

At the same time, he also transferred Tang Baocheng to Huaihai State-owned Assets as an assistant to the general manager's office manager, and in fact let him share more of the day-to-day management work; Xu Jian took up the post of director of the enterprise division.

Although the provincial finance and colleges and universities have put in the first batch of 2 billion start-up funds, although the provincial government has also approved Guoxin Investment to issue construction bonds totaling 4 billion yuan in many places, although China Construction Bank and other financial institutions have also agreed to provide a total of 4 billion yuan of comprehensive credit to the university town control, which means that there will be no problem with the construction funds of the first phase of the university town, but to bear 4 billion yuan of construction bonds and 4 billion yuan of bank loans, the annual debt interest to be paid will be as high as 5 or 6 billion.

More importantly, the construction period of the first phase of the university town is two years, and after two years of investment of nearly 10 billion yuan in construction funds, the construction of the second phase of the project with an investment scale of 20 billion yuan will be started at the end of 03 and early 04, and the financial pressure will be doubled at that time.

Therefore, at the beginning of the construction of the university town, the issue of financial balance should be considered.

The provincial finance is responsible for the construction of the university town, but if the provincial finance really wants to stand up and take the lead, it means that the restructuring attempted by the Huaihai State-owned Assets Management Group has completely failed.

Before the provincial government needs to cover the back, in addition to the corresponding inflow of education funds, the province and Xucheng City have agreed to transfer all the development income of the commercial, residential and construction site construction land of the University Science and Technology Park, as well as the taxes of the supporting enterprises settled in the science and technology park to the provincial and municipal local finances, after deducting the administrative expenses of the university urban management committee, all of them will be owned by the University Town Holding Company until all the construction debts are paid off.

The university town is planned to be 40 square kilometers, with a total area of 60,000 acres, and in addition to the campus and public construction land, there are nearly 30,000 acres of land for commercial, residential and industrial development.

If Huaihai State-owned Assets does not want to mobilize the development funds of other subsidiaries to support the construction of the university town, the pressure is still unimaginable to rely only on the corresponding education appropriations and the local taxes belonging to the supporting science and technology parks to support the construction of the university town.

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Coming out of the IFC at night, there was a light snow outside, and there were no cars on the street after nine o'clock in the days before the Spring Festival.

Shen Huai, Huang Xinliang and Xiong Wenbin went to Li Gu's house to meet.

Although Qi Guangwei assumed the position of chairman of the University Town Holdings, Qi Guangwei was only responsible for how to spend money on the University City Holdings, and was actually responsible for the construction of various campuses within the University Science and Technology Park, and in the future, a total of nearly 50 billion construction funds were needed, and Shen Huai was still responsible for coordinating and governing within Huaihai State-owned Assets and with the province and Xucheng City.

Therefore, under the University Town Holding Group, various subsidiaries have also been established to be responsible for the construction of campuses, public facilities, and the development of commercial, residential, and industrial land, especially the construction of public facilities and the development of commercial, residential, and ancillary industrial construction land within the University Science and Technology Park.

Shen Huai naturally pinned the financial balance within University Town Holdings on Huang Xinliang.

When they proposed to build a university town, they and the Department of Planning and Economics took over the leading power of personnel and construction in the Nam Van Lake New Area without exception. As early as late November, they decided to let Huang Xinliang take charge of the relevant work in the past.

For more than a month, Huang Xinliang has also been running around all day, and he has lost two laps of weight compared to when he was the deputy head of Qinjiang District.

"In the future, the university town has abundant resources to promote the development of the software and service outsourcing industry, which is also the industry that Xucheng has the ability to focus on mining and developing."

Shen Huai sat in Li Gu's study, smoking a cigarette, and explained to Li Gu some of the work that Huang Xinliang focused on promoting during this time, and said,

"Since the 80s, India has had remarkable characteristics in the development of the information industry, especially the software contracting and service export industry has a rather brilliant brilliance, and even has the reputation of 'world office', and the export volume of software and service outsourcing in 00 years may exceed 10 billion US dollars. The information industry in Xucheng and even Huaihai has not yet formed a large scale, but when it comes to resources, there is no shortage of resources. Including Huai University of Technology, Huaihai University of Electronic Science and Technology, Huaihai Institute of Posts and Telecommunications and other universities and electronics research institutes, they have strong teachers and scientific research strength in electronic information. It's just that a large number of students are trained every year to work outside the province, and the province has not yet kept a large number of professionals in the province for development, and at the same time, the teaching staff of these universities and research institutes are high-quality resources, and they have not been fully excavated and played. Yanjing, Jiangning, Guangcheng and other places want to develop and build China's 'Silicon Valley' within their respective high-tech zones, and that requirement is currently a bit high for Xucheng. I think Xu Cheng can lower his vision a little bit first, and he can also do the world office first. Therefore, on the side of the science and technology park, I advocate that the first phase of the software industrial park should be built first, and the software and service outsourcing should be developed. This work is promising, and it is not difficult to tap the resources of various universities and scientific research institutes in Xucheng and form an output value of tens of billions. The priority of this work should be placed even before the construction of the new campus, and the corresponding financial subsidies and overseas talent introduction policies should be established as soon as possible, and all high-level talents of the universities themselves should be fully encouraged to stand up and start their own businesses. Huaihai Financial Investment will also come up with a sum of money to build a venture venture fund, and I will also let Zhongxin and Hongji participate in promoting ......"

Li Gu nodded and said, "The work in the city is promoted by Lao Xiong, and if there is anything you need my cooperation, you can just say it." ”

From the financial situation of the province and Xucheng City, it is too early to start the construction of Nanwan Lake University Town and the new district at this time, and it was originally planned to the end of 03 or the beginning of 04, and wait for the finance of the province and Xucheng City to increase by 5 or 60% on the current basis and then start, which is relatively much more calm.

Start now, and the main risks will be concentrated in the next two years.

Speaking of Huaihai state-owned assets to coordinate the construction funds, but in fact, whether it is Dongjiang Electric Power, Huaihai Electric, Dongjiang Real Estate, or Huai Coal, Huaihai Construction Engineering, Dongshi Group, are in a period of rapid expansion, there is a thirst for funds.

Although it can obtain a large amount of loans from the bond market and financial institutions, it also means that Huaihai state-owned assets have to take on a larger debt and pay more financial costs for it, and if the debt of the university town is increased by 8 billion yuan in two years, Li Gu does not feel that Shen Huai's role will be much lighter than that of himself, the mayor of Xucheng.