"These old guys have a really big appetite, and they're not afraid of choking......"

Sun Yalin has never had any respect for the elders of the Sun family, she has to pretend to be her grandson in front of her, and she accompanies the homecoming family group to visit and visit all day long, and she is tired enough, and she has to complain and slander a few words when she returns to the room.

Shen Huai sat next to Cheng Yi and yawned.

He didn't sleep well with Cheng Yi last night, and Cheng Yi could still sleep lazily early in the morning, and he had to rush to the county to approve the stack of documents accumulated in the past few days. Although he pushed away a few less important meetings, he then rushed back to accompany his grandfather, grandmother and grandparents to visit Hongji Evergreen's factory in Xinpu and the construction achievements of Xinpu Port in the past few years.

Cheng Yi sat on the armrest of the sofa, his arm gently pressed Shen Huai's shoulder, sat next to him, looked at him with a tired face, reached out and gently stroked the stubble on his chin, listening to Sun Yalin complaining there, thinking in his heart that it was no wonder, the conditions proposed by the old man of the Sun family were too harsh, although Sun Yalin said that he was also from a family, but he had been independent for a long time, and he had no intention of being controlled by the Sun family anymore, where would he give up the controlling stake of Zhongxin?

After returning to the hotel, everyone had a meal, and everyone was full of wine and food.

The grandchildren's parents are all seventy or eighty years old, and there is no need to accompany any activities at night, Shen Huai was chatting with Sun Yalin and Song Hongjun in the room, and planned to go back to rest with Cheng Yi.

Sun Qishan and Shen Shan knocked on the door and came in.

Seeing that Shen Huai and the four of them were still sitting in the room, Sun Qishan closed the door, looked at his daughter, and asked her: "Your fourth grandfather can draw out the conditions today, whether it is successful or not, you also have to give a response......

"Can't Fourth Grandpa open his bloody mouth, I'll just stretch out my arm and give him a bite by Allah, right?" Sun Yalin sat on the sofa, complaining lazily, she didn't dare to be so presumptuous in front of her father, but the dissatisfaction in her heart would not do too much to hide, "Meigang's equity structure, Dad, you are clear." If three years ago, the fourth grandfather took out 200 million US dollars, of course, we would not have any qualifications to talk about it except to disarm and surrender. Now, if you can't talk about it, you really can't talk about it......"

Shen Huai laughed, although they are still trying their best to raise development funds, they have already passed the stage of giving away their core interests cheaply and sharing them with others.

"You guys are making your wings stiff......" Shen Shan sat down with a smile and said.

"Grandpa, if you want to be with my father, you must ask us to accept the conditions of the fourth grandfather, and we will also recognize ......," Sun Yalin said.

"Without your grandfather's support, Meigang would not have been able to develop to today's scale, you are Meigang's real Dinghai Shenpin, how Meigang will go in the future, or you have the final say. Shen Huai also said sincerely.

"Don't worry about me about these things again, you decide for yourself," Shen Shan shook his head and said, "I'm here to tell you something else." ”

"What do you want to say?" Shen Huai asked.

"People live for a hundred years, and their lives are endless, I have been used to living in France with your grandmother over the years, and I don't want to return to China to settle down, and I am afraid that I will not be able to come back a few times this time. Some things have always been considered, and returning to China this year is finally a clear idea, so I will tell you about it......" Shen Shan said.

Shen Huai thought that his grandfather and grandmother had no intention of returning to China to settle down, it should be caused by the blow of this trip to northern Yunnan, the two old men decided so, and he could only respect it, but listening to his grandfather's tone was very solemn, he didn't know what important decisions he had to discuss, held his hand, sat on the sofa together, and listened patiently to him.

"You and Cheng Yi have no intention of inheriting my and your grandma's property, and your grandma and I want to set up a foundation in your mother's name. It is a pity that the Sun family's family fund cannot be divided, but we thought that the 30 million US dollars we took out at the beginning would be replaced by the corresponding equity, and all of them would be put under the name of this foundation, and the follow-up proceeds would be mainly used to support the development of Zhujiang University of Science and Technology...... The so-called ten years of trees, a hundred years of people, we can live another ten or eight years, and we are also very satisfied, while there is still some time in life, we want to do something meaningful when we have the ability. Of course, you still need to agree to this with Cheng Yi. ”

Shen Huai glanced at Cheng Yi, clenched his grandfather's thin hand, and said, "You and grandma decided like this, why wouldn't Cheng Yi and I support it?"

Nowadays, in Europe and the United States, inheritance tax is levied on a high proportion of inheritance, and hundreds of millions of family properties want to be passed on to their descendants, and the inheritance tax is usually reduced by more than half after one levy.

The inheritance, which mainly exists in the form of corporate equity, cannot withstand such division and tossing.

In order to circumvent the division of family property under the inheritance tax system, wealthy families in European and American societies usually place their property in privately controlled welfare foundations, nominally donating to charity, so as to avoid the division of inheritance tax.

This kind of foundation is nominally a public welfare nature, but it only needs to donate at least 5% of the total amount of funds for public welfare and charity every year, so as to ensure that the huge wealth in the name of the foundation is always controlled by the descendants of this family.

The Sun family's family fund is almost the same nature, and the members of the fund board are all served by the successors, who jointly make decisions on the fund, manage investments and public welfare affairs, and basically ensure that the fund is always controlled by the descendants of the Sun family.

If you don't do this, after two or three generations of inheritance division, the Evergreen Group will long be out of the control of the Sun family, and the Sun family will have long been scattered, where can there be today's climate?

Shen Huai and Cheng Yi, even if they want to inherit the property left by their grandfather and grandmother in the future, they must first cut off more than half of the meat to the French government's inheritance tax system.

Inheritance tax is not mandatory in China, but it is also the general trend. If a society wants to continue without serious imbalances, it is impossible to allow a family to accumulate wealth like a snowball without limit, nor can it allow the rentier class to expand without limit.

If grandpa and grandma want to transfer their overseas wealth to China, the ideal way that Shen Huai can think of is to set up a charitable foundation.

At the same time, after the establishment of Zhujiang University of Science and Technology, a steady stream of huge capital investment is needed in the follow-up to truly take root and develop.

Zhujiang University of Science and Technology, Xiapu County Government is only one of the funders, the essence is not a public university, the follow-up construction can be jointly funded by the Xiapu County Government, but the running of the school can not rely on the public finance; after the establishment of the foundation, it can provide a part of the school-running funds stably.

Shen Huai also wants to have greater development in his career, so he can't directly hold equity in Meigang. However, the foundation is nominally a public welfare, and in the end, the control of the foundation will be inherited by him, and in fact, the part of the equity corresponding to Meigang is directly controlled by him, which is also beneficial for him to strengthen his control over Meigang.

For Shen Huai, this is actually the most ideal way for him to inherit his mother and his grandfather's and grandmother's property in the future.

If he has the ability, his children and grandchildren will naturally be able to make a career through this foundation, and if they are not capable, they can also receive a high salary from this foundation and wait for death -- just as there are many children of the Sun family who receive money from the family fund to live, there are also children of the Sun family like Sun Qishan and Sun Qiyi, who have entered the enterprises controlled by the family fund to take important positions and obtain corresponding social status.

Shen Huai thought that after the trip to northern Yunnan, Shen Huai thought that his grandfather and grandmother should be extremely tired, and he didn't expect that in the past few days when they came back from northern Yunnan, they still thought about him with all their hearts.

Sun Yalin smacked her lips and said to her father: "There is no need to talk about the controlling stake, Meigang's capital structure is decided, we can't give up the controlling stake of Zhongxin, but the fourth grandfather wants to hold shares in Zhongxin, or hopes that Zhongxin will become more open, this is not impossible to discuss, but in addition to a certain scale of capital injection, we have some conditions ......"

"What are your conditions?" asked Sun Qishan.

"Isn't my aunt worried that he and my aunt's share in the family fund can't be divided? If the fourth grandfather agrees that we will convert our share in the family fund into the equity of Chengye Credit Bank and transfer it to the newly established foundation of my aunt and grandfather, Zhongxin will become more open," Sun Yalin said, "Dad, you still have to find a way to do the work of the fourth grandfather." ”

"You dead girl, you know how to push things on me. Sun Qishan laughed.

In addition to state-owned equity, the industrial clusters directly controlled by Meigang are mainly supported by the three financial investment platforms of Zhongxin, Hongji and Zhujiang.

In addition to being the largest single shareholder of Xinpu Iron & Steel, Xinpu Refining & Chemical Co., Ltd. was built, and the industrial investment fund under Zhongxin was mainly responsible for injecting construction funds.

If the controlling stake of Zhongxin Investment is given away, it is equivalent to giving up the core interests of the entire Meigang system to others.

In the past few years, Zhongxin initially received the full support of Shen Shan and Sun Qishan, and then Sun Yalin boldly mortgaged all the rights and interests under his name, especially taking the rights and interests of Xinpu Iron and Steel to gamble with Fuji Steel, and obtaining a large number of yen loans from Japanese banks related to Fuji Steel to support the construction of Xinpu Refining and Chemical Project, and finally drumming its industrial fund to a billion US dollars, which is not easy.

It is obviously inappropriate for Zhongxin to further gather more industrial capital and expand its scale in a short period of time, and continue to maintain the current closed and conservative management state.

Shen Huai and Sun Yalin's conditions, Zhongxin and even Hongji Investment can become more open, allowing Evergreen Group or Sun Family Fund or other related parties to participate in the shareholding and accept more rules, but until the relevant parties do not prove enough goodwill, the controlling stake of Zhongxin will not be dispersed.

The big family can never simply measure the intricate interests of family affection, and the entanglements and intricate contradictions within the Song family over the years are enough to prove everything, so some things are better to be spread out and made clear at the beginning.

Of course, even if Zhongxin is opened, it is not without additional conditions to let the Evergreen Group or the Sun Family Fund participate in the shares.

The Sun family's family fund is nominally a public welfare foundation, and the shares under the name of the Sun family's children cannot be divided or left privately owned, but the transfer of the corresponding assets to another foundation is legally permissible as long as it does not evade supervision.

In order to ensure that the family wealth is not dispersed, the Sun family usually does not allow this, but everything is not absolute; as long as the interests are sufficient, anything can be tolerated.

The Sun Family Fund, which mainly holds equity interests in Evergreen Group and BNP Paribas, currently holds net assets of about US$5 billion directly.

Although Shen Shan and his wife are the second-generation children of the Sun family, they did not go abroad until the beginning of the eighties, and their share in the foundation is about less than 3%; even so, the share of Shen Shan and his wife is much more than that of Sun Qishan and Sun Yalin's father and daughter.

Because Shen Shan and his wife went to China late, their share in the family fund is not high, so their influence in the Sun family, the Evergreen Group, and BNP Paribas is very weak, and they can hardly talk about any dominance. If there is an opportunity to separate this part of the property from the family fund, the meaning will be completely different, and there will be a lot of things that can be done.

In addition to the further expansion of the core assets of Meigang and the further enhancement of its influence and control over the bank, the scale of the foundation established by Shen Shan and his wife will also be directly expanded several times, and Zhujiang University of Science and Technology will also be able to obtain more adequate funds for running the school.

In order to maintain the nature of public welfare, the Sun family's family fund also spends at least 5% of its total assets for various public welfare undertakings every year, but it is mainly injected into its own schools, hospitals, research institutes and other institutions.

Now Shen Huai and Sun Yalin are self-reliant, even if they take out 5% of the share from the foundation every year for public welfare, they must also use it to support the development of colleges and research institutions closely related to Meigang.

*********************

In the next two days, Yang Qichuan, member of the Standing Committee of the Provincial Party Committee and Minister of United Front Work, and the person in charge of the Provincial Investment Promotion Bureau, led a team to Donghua to meet and negotiate with Sun Changgeng and others.

Chen Baoqi, secretary of the municipal party committee, Guo Chengze, mayor of the city, and others, even if they knew what results could be brought out this time, it was the Meigang system of the same origin as the Sun family that benefited the most, but after all, it was the basic plate of Donghua and even the entire Huaihai Province that was expanded, and they had to "warmly" come forward to entertain them.

In the next two days, Shen Huai also gave Sun Changgeng and others a more in-depth introduction to the Huaihai Coal Transmission to the East, the Huai Electricity Transmission to the East, and the Huaihai Economic Zone.

Although an enterprise of this level of Evergreen Group cannot be regarded as the world's first-class industrial complex, it also needs to weigh the issue of investment layout from a more macro market environment and trend changes.

The development of Huaihai Coal to the East, Huai Electricity to the East, and Huaihai Economic Zone have all released the development space and potential of Meigang in the future from a deeper extent.

The special plane back to France will be arranged by the United Front Work Department of the Provincial Party Committee.

On the day of sending their grandfather and them to Xucheng International Airport for a flight, Shen Huai also reported to the organization department of the municipal party committee and the provincial party committee that his grandfather Shen Shan and his wife wanted to donate part of their property to set up a foundation to support Zhujiang University of Science and Technology.

This not only involves Shen Huai's inheritance rights in the Sun family and the disposal of his mother's estate, but also involves Shen Huai's personal equity relationship with Mei Gang. These issues must be clarified in Shen Huai's organizational files before he can be further promoted and appointed.

Sun Yalin flew back to France at random to take charge of the details of the negotiation of the lifting of shareholding restrictions on Utrust Investment, and it was not until early April that she negotiated with her grandchildren, the senior management of Evergreen Group, and BNP Paribas to reach a result that everyone was relatively satisfied with.

After the restriction on capital injection and shareholding was lifted, the Sun family's family fund, Evergreen Group, and BNP Paribas injected a total of $200 million in exchange for 25 percent of the equity; Sun Qishan's initial injection of $5 million into the industrial fund plus the proceeds was converted into a 15 percent stake in Zhongxin Investment; the $10 million and income initially injected by the Shen Shan couple was converted into a 15 percent stake in Utrust Investment, and Sun Yalin personally took over 45 percent of U.S. Investment Sun Yalin and his father Sun Qishan also promised that within five years, their father and daughter will transfer no less than 25% of the equity to a third party, so as to ensure the openness of Zhongxin Investment and not be subject to absolute personal control.

The British samurai and Berkeley banks, and even Feiqi Industry and West Youmins, which have long-term cooperation with Meigang, are all interested in a 25% stake in Zhongxin, but the transfer price has not been negotiated for a while.

After the Shen Shan couple returned to France, the Shen Guixiu Foundation established by the Shen Shan couple, in addition to injecting 15% of the equity of Zhongxin Investment, also held 10% of the equity of Zhujiang Investment and 10% of the equity of Hongji Investment, in addition, the Sun family also transferred 5% of the equity of Yexin Bank as the due family property in the name of Shen Shan and his wife, from BNP Paribas and Evergreen Group to the Shen Guixiu Foundation.

In this way, in addition to Sun Jia and BNP Paribas continuing to hold 7% of the equity of Karma Credit Bank, Zhongxin and Hongji Investment also hold about 4% of the equity of Karma Credit Bank.

The equity of the bank is quite dispersed, even the state-owned shares are only 15 percent, and the Shen Guixiu Foundation, which holds 5 percent of the shares, is already the second largest single shareholder of the bank.

The Shen Guixiu Fund was incorporated in France, and in accordance with relevant laws, a foundation that injected $300 million in assets at the beginning of its establishment needs to donate $13 million in funds or materials to public welfare undertakings every year in order to maintain its public welfare nature.

If there is anyone who is dissatisfied with such a result, it is Sun Qiyi.

This time, the Sun family's plan to expand its investment of hundreds of millions of dollars in China was almost indirectly realized through Zhongxin's investment, and the business of the Asia-Pacific Affairs Department of Evergreen Group in China was not directly expanded.

Although Zhongxin Investment will take out 100 million US dollars of funds and a number of technology companies previously acquired in Japan to inject Hongji Evergreen, and jointly promote the construction of the third phase of Hongji Evergreen in Xucheng International Industrial Park with Hongji and Evergreen Group, this actually means that Sun Qiyi can only sit on an equal footing with his niece Sun Yalin from now on, and he naturally can't talk happily in his heart.

The situation is incomprehensible, although Sun Qiyi's heart can not be regarded as very happy, but he can also recognize the reality, during this time, he is also running in many places, and actively promoting the construction of Xucheng International Industrial Park and Hongji Evergreen Phase III project.