At the beginning of the enterprise restructuring work in Huixun District, everyone in the whole district and even in Pujiang City was not optimistic about the practice of Huixun District, because Huixun District broke many existing conventions, such as Huixun District changed the practice of deducting employee placement expenses from enterprise assets and then throwing employee placement work to restructured enterprises.

In the past, this practice had many advantages, and for the government, it could pass on the most troublesome employee placement work to the enterprise, and at the same time quickly promote the enterprise restructuring work and complete the restructuring task. For the restructuring party, after the employee placement expenses are deducted from the assets of the enterprise, it will greatly reduce the cost of their participation in the restructuring, and the original assets of tens of millions may be won by several million......

Huixun District has broken many conventions, artificially set up obstacles and increased the difficulty of enterprise restructuring. As soon as these regulations were promulgated, the whole region was criticized in various ways, and some people even united to resist the restructuring work in the district.

On the one hand, the district dispatched elite soldiers and various resources to focus on promoting the restructuring work, and held a special work meeting to explain the restructuring policy in detail and explain it in place. On the other hand, the staff members also fully mobilize the subjective initiative of the masses, solicit ways to restructure and extricate themselves from difficulties from the employees and management personnel within the enterprise, and understand the situation of the enterprise. At the same time, for the restructuring of enterprises, Huixun District is open to the search for partners inside and outside the district, and many enterprises are from other provinces and cities to participate in the restructuring, acquire the equity of enterprises, through competition and comparison, to find the most reasonable, the most can take into account the collective interests, the interests of employees and the interests of the enterprise restructuring program, but also take into account the future development of the local area.

However, due to Bao Feiyang's own relationship, the introduction of many foreign enterprises and investors, including private enterprises in other provinces and cities, large state-owned enterprises, and foreign-funded enterprises, through the promotion of some high-quality projects, soon contributed to the shareholding transformation of some enterprises, in this process, some enterprise managers also tried to obstruct the restructuring, directly by Bao Feiyang to use strong means, a push to the end, plus the restructuring plan is indeed more thoughtful, after winning these diehards, the restructuring work was quickly and smoothly promoted。

With the advancement of one restructuring project after another, the original wait-and-see and even boycott sentiment began to loosen, under the strong external competition and pressure, some enterprise insiders also had to consider accepting the district's plan, because they did not accept, the enterprise will become someone else's, of course they are unwilling.

Bao Feiyang's attitude towards the participation of insiders in the restructuring of the enterprise is also very clear, under the same conditions, the district will give priority to promoting the internal restructuring of the enterprise, that is, through the shareholding of employees and the shareholding of the management, the shareholding reform of the enterprise.

In terms of specific practices, Huixun District is also different from other places, and is also willing to give more inclination to those enterprises with relatively good operating conditions, such as reducing the cost of corporate management to acquire shares by rewarding dry shares.

This practice of Huixun District is also controversial, and some people even reacted to the above, saying that Bao Feiyang sold state-owned assets cheaply, but Bao Feiyang will do a relatively solid job, reasonable, and in the restructuring work, in order to promote the restructuring work, the local government will give a lot of preferential treatment, and even half sell and half give, in contrast, the practice of Huixun District is much more standardized.

Of course, controversy is indispensable, and even at the municipal party committee, deputy secretary Tao Ran launched a rebuke, and in the end, it was Secretary Tang Xingbang and Mayor Yang Chenglin who expressed their support to let Bao Feiyang pass this juncture.

Compared with external acquisitions, the biggest problem of insider acquisitions is that the insiders are not strong enough, and they can not take out much funds. After all, as the management of a state-owned enterprise, the salary of the official is not high, and if a large sum of money is taken out at once, I am afraid that the first thing to do is to be investigated by the Discipline Inspection Commission.

To this end, the district has also given some support to the management buyout, and the district has come forward to directly invite some financial institutions and private equity funds to participate in the restructuring of the enterprise, including some capital controlled by Bao Feiyang.

As long as the project is good, the management can use their equity in the business as collateral to obtain loans from financial institutions and funds, and then repay them in installments. In order to pay off debts and to own the business outright, these managers are bound to work hard to run the business well after they get the equity of the business.

In addition, for companies acquired by insiders, external investors will also be brought in if the conditions are appropriate. These investors are sometimes used as financing objects to help insiders acquire the equity of the enterprise, and some directly cooperate with the insiders to participate in the shareholding reform of the enterprise and become shareholders of the enterprise.

It is precisely because of the support of these external forces that Bao Feiyang was able to break the obstruction of the restructuring work by local forces and internal forces in Huixun District.

With the participation of external forces, one after another restructuring projects have been smoothly promoted, and the restructured enterprises have also shown a new look, which has made more and more enterprises begin to accept the restructuring plan in the district.

As for those diehards, they have also been invited to tea by the Commission for Discipline Inspection one after another, and the remaining resistance has become less and less.

Bao Feiyang has never regarded these forces that deliberately obstruct the restructuring of enterprises as one thing, and the general trend of reform is irreversible.

Even if Huixun District puts forward some higher requirements, these requirements are reasonable, and even if the cost of acquiring equity is higher than that used elsewhere, it is still cost-effective. According to Bao Feiyang's understanding, many of the enterprises that developed well in the local area later had the background of state-owned enterprises and collective enterprises, some of which were directly restructured from state-owned enterprises and collective enterprises, and some of which were started by people from the original state-owned enterprises and collective enterprises after they left, and the business activities of many of the enterprises founded by many people were related to the original enterprises.

This shows that the state-owned enterprises and collective enterprises at that time were valuable, even if the equipment was dilapidated, the products were single, and the technology was backward, but at that time, the country was still in the initial stage of modernization, and there were many opportunities, and these enterprises were still able to survive and develop.

Compared with other places, as the bridgehead of China's economic development, Pujiang has more economic environment and development opportunities than other places.

It is precisely because of the existence of these factors that Bao Feiyang's restructuring route can be successful, because these enterprises in Huixun have investment value, investors will be interested, and the management of the enterprise will be willing to take over the enterprise, because they know that the enterprise can achieve good development after the restructuring, even if it needs to pay a certain price now, the future income is still very large, they will invest, will participate in the restructuring.

The restructuring work of Huixun District has been carried out much more smoothly than many people expected, and there are many reasons for this, including the fact that Huixun District has directly issued a restructuring method to standardize the restructuring work with an open system, and the whole district has been mobilized......

However, in the eyes of many people, the restructuring work of Huixun District does not have much reference value, because Huixun District has conditions that many places do not have. Many people believe that Huixun District can be successfully restructured, one of the most critical is that Bao Feiyang through his own relationship, for Huixun District to introduce a strong external force, this force on the one hand directly involved in the restructuring of enterprises, breaking the local and internal resistance of Huixun District, with a strong strength to tell those who try to obstruct the restructuring of enterprises, even if you do not cooperate with the restructuring, they have enough power, and for these local forces, they are obviously not willing to lose the opportunity to get a piece of the pie in the restructuring.

On the other hand, these forces also help enterprises and managers who are willing to participate in the restructuring but have problems in terms of capital and technology to complete the purchase of enterprise shares and enterprise restructuring through financing and cooperation.

It was really because of the strong external resistance that Bao Feiyang broke through the resistance of the local forces, opened up the situation of the restructuring work, and then put the restructuring work on the right track and proceeded smoothly.

In addition, the support from Pujiang City and higher levels is also indispensable, it is precisely because of the strong support of Secretary Tang Xingbang and Mayor Yang Chenglin that some controversial practices in Huixun District have not been stopped, and can continue to be promoted......

In the process of promoting the restructuring work, there have also been many problems, some enterprises have serious violations of law and discipline, and some cadres in the district are involved, and the relevant personnel have also been dealt with severely.

After the restructuring was launched, as the person in charge of the restructuring work, Bao Feiyang fell into a very busy situation, often needing to rotate and run several places a day.

As the head of Huixun District, Bao Feiyang is also responsible for the overall work of Huixun District, although the construction of Tianjiang Economic and Technological Development Zone and Dongsha Industrial Zone has been on the right track and is gradually advancing according to the plan, there are still often new situations and important matters that need Bao Feiyang to make decisions. The construction of the university town has just started, which is a major event involving the overall development pattern of Huixun District in the future, and Bao Feiyang also needs to personally inquire.

After several years of intense rounds of negotiations, Tangsheng Group finally reached an agreement with the American Disney Company to jointly invest in the construction of Disneyland in Pujiang City. In the original time and space, Disney should have reached an agreement with Newport last year and launched the Newport Disney construction plan, but in this time and space, this project was cut off by Bao Feiyang, and Disney did not build Disneyland in Xingang, but directly chose to build their second Disneyland in Asia in Pujiang.

As soon as the news came out, it immediately caused a sensation.