The deep winter in Xucheng is wet and cold, there is air conditioning in the building, just came out to send Wei Fenghua and others out of the hotel, Shen Huai didn't feel anything, at this time he smoked two cigarettes behind the building, and the cold wind poured into his neck, he felt chills all over, and he didn't blow the cold wind outside the station with Sun Yalin, and wrapped his clothes into the building.

Donghua Hotel is also the location of Donghua Office in Xu, which is a building complex composed of a clan hall during the Republic of China and several new annex buildings built in the 10th century.

The renovated guild hall is open to the public, and the few small buildings behind it have become a temporary resting place for Donghua officials to rest or hold banquets in Xucheng.

In order to save money, the county also revitalized the assets of the old Xiapu Renjia Hotel, and chartered a three-story western-style building here as the office land of the county office in Xu. In addition to the staff office and accommodation places, small banquets and meeting arrangements can also be carried out, and there are also a few well-filled living rooms upstairs for the county leaders to rest.

Xiao Lou looked dusty, except for the windows, the floors were covered with creeper vines, and there were only a few lonely yellow leaves in winter, as if Xiao Lou exposed the blood vessels of his skin - but Shen Huai liked this quiet and somewhat cold style.

Shen Huai walked in, Liao Dezhi, director of the county office in Xu, was about to come out from behind the duty desk, holding a windbreaker in his hand, and he didn't know if he was going to take it out to relieve him of the cold, Shen Huai nodded at Liao Dezhi and said, "Everyone is busy all day, let's go and rest......;

Liao Dezhi didn't know why Shen Huai liked to smoke Donghua's most common gold leaf cigarettes, but what kind of cigarettes and what kind of wine the leader liked, there was inventory here for emergencies, that is, the leader's entourage rubbed some wine and cigarettes from here, and it was also available in open quantities.

Liao Dezhi took the cigarette to Shen Huai, watched him and Sun Yalin go upstairs, and told the staff on duty a few words about work in a tone that was neither high nor low, before going back to the room, but he didn't dare to go to sleep, and he had to listen to the movement outside at all times.

"Xinpu refining and chemical project, do you have a plan?" Sun Yalin entered the room, still asking Shen Huai this question.

Shen Huai sat on the coffee table with his feet cocked, took apart the cigarette and lit it, and said: "The planned land in Xinpu has been reserved, what else can I plan? It's nothing more than money and people - Yao Ronghua asked me to meet tomorrow, but he obviously won't have any good news to bring me......"

"The REIT plan on the side of the business credit may not work, and the head office assesses that the risk is too high. Sun Yalin directly told Shen Huai the bad news.

In addition to being allowed to absorb deposits from the public in China, the bank can also sell some trust and wealth management products such as securities or industrial equity investment to customers.

Shen Huai had discussed with Yao Ronghua that the bank could try to set up a real estate trust fund to raise funds for the comprehensive development of Xinpu Port.

This REIT is essentially no different from Zhongxin Investment and Hongji Investment, the difference is that Zhongxin Investment and Hongji Investment are directed to raise industrial equity investment funds in the Chinese business circles of Hong Kong, London and Paris, while the REIT of Industry Credit Bank is to raise investment funds from customers of Industry Credit Bank.

If this plan is successful, then the bank will be able to raise 8 to 1 billion yuan for the comprehensive development of Xinpu Port. Now the head office of the industry credit is judging that the risk of this product is too high, and this matter is basically yellow.

Shen Huai didn't know if the head office of the business credit really thought that the risk was too high, or if someone started to get his hands on the neck here.

Seeing Shen Huai sitting there smoking and not talking, Sun Yalin sat down and snatched the cigarette from Shen Huai's mouth, the angle at which she sat was inconvenient to lift her legs on the coffee table, so she lifted her legs on Shen Huai's body, took two puffs, and said, "This cigarette is not bad......

When Sun Yalin returned to the hotel here, she changed into jeans and stretched her legs to the extreme, although Sun Yalin unscrupulously put her legs on him, Shen Huai still didn't dare to touch them.

Sun Yalin took two puffs of cigarette, returned it to Shen Huai, and then said:

"After Meigang took over Xucheng refining, it could only obtain 600,000 tons of crude oil import quota, and the current domestic energy policy, in terms of crude oil exploitation and imports, will only get tighter and tighter, and it is impossible to further liberalize, so Meigang should not expect to be able to approve more quotas. ”

"Now North China, Northeast China and other places rely on large oil fields and the rise of countless large and small refineries, this approval does not reflect any value, Xucheng refining before the cost of importing crude oil from overseas is too high, and discarded, but after two years of domestic economic development, you will look back at the value of this approval. At present, the growth rate of domestic crude oil exploitation has obviously not kept up with the pace of economic development, and the dependence of the domestic economy on overseas crude oil will increase year by year before the discovery of large new oil fields in China......"

"No matter how high the value is, there is only a limit of 600,000 tons per year, which can only fill the gap in the Zhunan refining project," Sun Yalin said, "and once a larger refining base is built in Xinpu, the three million tons of crude oil per year can only be purchased from PetroChina and Sinopec, and the refined fuel oil is sold in China due to strict price restrictions, and the refining business has little prospect of profitability." Yexin gave Xinpu Refining & Chemical and even Xinpu Port a high-risk evaluation, and my dad and I talked on the phone, London and Paris, and I also felt that this step was too big. Wei Fenghua and the others are more concerned about the construction of the Zhunan Refining and Chemical Project, and they do not even take the initiative to mention the Xinpu Refining and Chemical Project, which shows that they still have their own judgment on the future market......

"The domestic refining and chemical capacity is mainly concentrated in North China and Northeast China, and these refineries, like the previous Xucheng refining, have problems such as aging equipment and relatively backward technology; Huaihai Bay is located at the junction of these two regions, and actually occupies a geographical advantage. Although a 3 million ton oil refining line can be done with 1 billion yuan, if you really want to invest only 1 billion yuan and buy some old equipment with unstable operation, it is really possible to plunge into it. If we start to invest more and put up a high-standard refining line, even if it is oil refining, I think there is also a profit expectation. What we will strive for in the future is to see how much higher it can be compared to the domestic average. If we can only reach the average level, the probability of loss is extremely high, but what if we can do better? We are now using 3 billion yuan to do a new refining and chemical project, if we can't achieve the average level of Sinopec, then we really don't have to do it. ”

"You have a lot of confidence, but the external funds still judge whether you should enter the market according to the industry average, which makes you have no temper. Sun Yalin said.

Shen Huai sighed lightly and said: "It is impossible for domestic fuel prices to be released in the short and medium term, making this a strictly controlled closed market, and the risk of entering is indeed very high, but the market for chemical raw materials is liberalized." Don't look at the current downturn in the petrochemical raw material market, but there has been a noticeable change in the past two years, and some people have not yet realized ......"

"What's changed?" asked Sun Yalin.

In 95 years, the total amount of domestic oil exploitation exceeded 140 million tons, and the import of crude oil was about 8 million tons, accounting for a very small proportion. The data for '96 has not yet been released, but judging from the information gathered, it is normal for crude oil imports to surge to 25 million tons in '96. Although most of the crude oil import channels are controlled by PetroChina and Sinopec, the surge in crude oil imports and the rapid expansion of the domestic crude oil supply gap indicate that the domestic demand for fuel oil and chemical raw materials has surged, and the chemical raw material market with price restrictions will be promising. We do refining, reduce fuel output, increase the output of chemical raw materials such as ethylene, and then promote the development of downstream refining and chemical industry clusters, and the overall risk is controllable......"

"The local capital power in Huaihai Province is still too weak. Sun Yalin said with emotion.

Shen Huai grinned and smiled silently.

The local securities institutions and related enterprises in Xucheng City will contribute more than 300 million yuan to subscribe for 100 million shares, but it cannot be considered that there is any capital potential that can be tapped in the local area.

Xucheng's securities institutions and related enterprises participated in this fundraising, mainly because they held a large number of Xucheng oil refining shares that were previously deeply trapped - they now have to help Meigang to sing the drama of developing large refining, large iron and steel, and large ports, and sing well, in order to stimulate the continuous increase in stock prices, and the circulating shares they held before have the opportunity to unbundle.

In the end, they are taking small money to solve big money.

On the other hand, the local securities institutions in Xucheng City participating in the subscription are all state-owned enterprises in Huaihai Province or Xucheng City, and the local government of Xucheng City promotes local state-owned enterprises to participate in the subscription, and the funds raised will also be used to expand the scale of the Zhunan refining and chemical project, and at the same time expand the local tax sources of Xucheng City.

After the completion of the Zhunan refining and chemical project, the entire refining and chemical industry chain can add more than 100 million yuan of tax resources to Xucheng every year. This is nothing more than a good deal for the local government.

In addition to this, it is unrealistic to ask the Xucheng city to pay an extra 10 million for the construction of Xinpu Port;

Shen Huai speculated that Xu Pei's request for them to expand the scale of the Zhunan refinery project actually reduced the likelihood that they would start the refinery project at the same time as Sinpo.

Now that the Xinpu refining and chemical project is not only short of money, but also short of people, Shen Huai can only smile bitterly for a while.

Sun Yalin pursed her lips and said: "Some people are timid and dare not set foot in the Xinpu refining and chemical project, but the tradable shares of Meixi Industry may not make them excited." If I transfer out all the more than 100 million outstanding shares in the hands of Zhongxin, I will be able to raise the start-up capital of the Xinpu Refining and Chemical Project......"

"Wouldn't it be too much of a loss to transfer it now?" asked Shen Huai.

After the implementation of the backdoor plan, in addition to the indirect shareholding of Meixi Industry in the listed company through Meigang Group, Zhongxin will also directly obtain 160 million tradable shares of the listed company. According to the additional issue price, the market value of these shares is more than 500 million.

It is still possible to transfer these tradable shares out of 500 million yuan, and start the Xinpu refining and chemical project in advance, so that some things can be done first without wasting time.

However, considering that some small and medium-sized projects with small assets but considerable profits will continue to be loaded into listed companies to support the continuous rise in stock prices, Zhongxin will now package and transfer these tradable shares, which will be quite a loss.

"The old lady also invested 20 million US dollars at the beginning, and she made money without loss. Of course, the old lady will also bet all the chips on you this time, if you dare to let the old lady lose so much that there are no panties left, the old lady will consume you to death in this life. Sun Yalin said viciously, but there was an indescribable style.