This concept of Cheung Kong Graduate School of Business was registered and prepared as early as when Jiang Ningyuan, Mr. Xu and the old gambling king were preparing to establish Cheung Kong College, and it was not until 2004 that it was finally completed, and it was also supported by Mr. Li of Hong Kong to operate together. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

Therefore, Cheung Kong Graduate School of Business has been sponsored by the three family foundations of Li, Mei and Xu at the same time, and there is no problem with funding, faculty and business appeal.

This year is the first class, the MBA and finance MBA classes will start in October, and the EMBA class will officially hold the opening ceremony after the Boao China Enterprise Summit.

Originally, it was expected that there would be 30 president-level students, but later 3 people were temporarily added, in addition to Wang Yan and Liang Weigen, there was also Chairman Guo Yongzhe of PN Insurance Company, and the stars were shining...... They are all here to make friends and pull relationships, and if you really want to talk about business management, it is still unknown who will teach whom.

In the past two years, these students will take four days a month to attend intensive classes, mainly at Yangtze University in Jiangzhou, and each month will select a student's company to discuss and analyze together.

Xu Teng didn't know that they were going to visit the school library at noon, accidentally bumped into the car, life, after a few months, they were caught pretending to be forced in the library for the first time.

This group of presidents and chairmen had a dinner party in the evening, and chose to be at the Jiangtai Royal Hotel, so they had to go to Xu Teng, and took turns to call and invite warmly, but Xu Teng still didn't go, in a word, go home at night to watch TV with his girlfriend.

This one...... Xu Teng is telling the truth, as for whether they believe it or not, Xu Teng doesn't know.

Li Daxiao could only hang up the phone and explain to the bigwigs, "Everyone is angry, understand more, Xiao Xu is a senior, and it must be very sweet at this age." Besides, we are all middle-aged uncles, and it is not appropriate to ask a child to come over and drink with us. ”

"Daxiao, who are you talking about, our group of uncles, all of them add up to not as rich as him." Some people have to mumble that almost half of the people in this classroom are on the Hurun 2004 rich list, and the other half are CEOs of state-owned enterprises.

At noon today, I happened to meet Xu Teng who was studying in the library, and everyone was very excited.

However, everyone really didn't expect that Xu Teng, the richest man at the level of Gao Shuaijian, was really a scholar, studying in the library, with more than a dozen textbooks and reference books stacked on the table.

The students of this Yangtze University are obviously commonplace, and more than a dozen classmates around them are also studying on their own, and no one is harassing China's richest man.

Anyway, there is nothing to do at this time, Wang Yan and Liang Weigen discussed a few words in the corner of the classroom, and then they withdrew first.

Their teaching building is located on Nightingale Mountain, near the twin buildings of the library of Yangtze University, continue all the way down, ten minutes away to the Yangtze River Science and Technology Building, Xu Teng should be working there in the afternoon.

Wang Yan didn't know about this situation, Liang Weigen knew, the two chatted a few words, and decided to visit Xu Teng together, because they both had something to discuss with Xu Teng in person.

They came by a very coincidence and happened to meet Yu Liang in the elevator of the Yangtze River Science and Technology Building...... It's embarrassing.

Wang Yan still took the initiative to shake hands with Yu Liang, patted his shoulder, and said a few words on the table.

It's good to get together and disperse, this Chairman Wang has already received the support of Xu Teng, Jiang Ningyuan and others, and the probability of becoming a joint partner of Huayin is a little higher than that of Liang Weigen, so there is no need to embarrass Yu Liang again.

If people don't do it for themselves, heaven and earth will be destroyed!

Who doesn't understand this truth?

Yu Liang really wants to be more ruthless, leaving no room for anything, Wang Yan has no time to turn the tables, although they have a grudge against each other, but they will not tear their faces on the spot.

When he arrived in Jiangzhou, Xu Teng was not someone who could meet casually, let alone anyone who wanted to see him, he could see it immediately, even if Xu Teng had nothing to do at this time, he just accompanied his friends to have a cup of tea, or watched the scenery alone in front of the floor-to-ceiling windows, the provincial leaders should wait, and they have to wait.

Xu Teng is the richest man in China...... In fact, in Jianghuai Province, this identity is not important, because he is the head of the Huateng department, controlling the planning of the entire Jianghuai Province Industry 3.0.

What's more, there is a larger Huayin system behind him, and he is the prince of the Huayin system.

Huang Xinzhou's Jiangtai system has been shattered, leaving only one Jiangtai Group, and it seems that only the Yintai Building and Jiangtai Huangting Hotel can still prove the glory of the Jiangtai system.

The back waves of the Yangtze River push the front waves, and the front waves die on the beach.

In the ruins of the Jiangtai system, a more powerful Huateng system has risen, and in the past two years, many old masters of the Jiangtai system, Chen Yongnian, Liu Guoli, Su Houwen and others, have also returned.

Although the times have changed, they have not been able to keep up with the pace of the times, but after all, they are deeply connected, and their roots in Jianghuai Province are very deep.

Wang Yan, Liang Weigen and Mr. Yu waited in the lounge on the 23rd floor for more than ten minutes, the LCD wall curtain in the room was automatically turned on, and Yu Suyun appeared on the screen politely through the information management system of Tencent Group, like a weather program host, and notified several CEOs to meet Xu Teng.

"Oh, this is a high-tech company." Wang Yan smiled, and he was directly opposite the screen.

"In fact, many companies now only use the simplest enterprise-level management masters, Tencent Group developed TM information system management masters, in fact, there are many new functions that are being improved, in short, as the leader said, several CEOs, welcome to the future." Yu Suyun could hear the sound of the lounge, there was a whole set of information monitoring, she could see.

"Let's go." Liang Weigen got up first and buttoned his suit to show solemnity.

They waited for ten minutes.

Xu Teng didn't do anything during this time, read an investigation report of the DCS automation control system, and then sat on the edge of the desk, drinking a cup of black tea, looking into the distance, thinking quietly, waiting for the afterglow of the sunset to fade.

Xu Teng has too many things to think about, although many things can't be thought of clearly at all, even if he thinks clearly, the execution of the people below will change every minute, and it may not even be what he expected at all.

Tencent Group has launched a wireless strategy, is establishing a new mobile phone company in a joint venture with TCL, cooperating in the research and development of smart phones, is accelerating the layout of the mobile phone industry chain, and continues to rapidly promote integration in the fields of mobile social networking, e-commerce, online payment, video, search, and games.

Huateng Group has made extensive investments in ten fields: automobiles, construction machinery, intelligent machinery, DCS systems, photoelectric monitoring, LEDs, batteries, silicon crystalline photovoltaics, wind energy, and genetic engineering.

With so much investment, which part wins and which part loses in the end, where does Xu Teng know, he tries to find a way to win a few more chess games, in case he loses one, or loses three, loses four, he can accept it.

Take 10,000 steps back and say, what if you don't accept it?

He personally serves as the president, and he has comprehensive command and control of every detail, so can he ensure the success of every project? I'm afraid it's not necessarily, I'm afraid the effect is worse, right?

No matter how much vision you have for the future, it doesn't mean you can win the future.

His current situation is not bad, because the three major industries of chips, storage and panels that give him the most headache are controlled at the level of Huayin, and he doesn't need to worry about it, otherwise it can really make him collapse.

Although there are many high-tech projects in his hands, all of them add up, plus Tencent Group's additional investment in communication technology, plus several mergers and acquisitions and technology introduction that have been completed overseas, the total investment in 2004 was only 8.2 billion, and communication technology still accounted for 1/3, which will gradually increase next year, but it certainly cannot be compared with the investment scale of chips, storage, and panels.

Throughout 2004, Huayin's total investment in these three national strategic industries surged from 7 billion yuan in 2003 to 34 billion yuan, established five scientific research centers across the country, and cooperated with four central enterprises and more than 30 scientific research institutions.

Most of this information is not public, and even if it is, it is not directly related to Galaxy Capital-Huaxia Bank.

Some of the leaders in charge of the financial sector are in the know, so they basically turn a blind eye to the measures taken by the Bank of China to forcibly break into PN Insurance, China Merchants Bank, and Minsheng Bank, and the wording is very simple, as long as it conforms to market rules, there is no need to ask too much.

Because even if Huayin is not short of money this year and next year, sooner or later there will be a shortage of money.

There is a Huayin system to gnaw hard bones, Xu Teng's Huateng department is much easier, he is responsible for many things, but they are all small things, it doesn't matter if you lose a few, as long as the core of the key industries do not lose.

As for communication technology, he specifically invested in WCDMA, which ZTE did not do, which was basically a big gamble, betting on whether ZTE could be acquired in the future.

At this moment, Xu Teng looked at the sunset, didn't think about anything, and let himself simply rest for a few minutes.

In fact, there are only two countries in this world, one is China, and the other is called foreign countries.

When this realm is reached, the industrial transformation and upgrading of China's economy will be successful.

No way, who let us be China!

With such a large population, without the support of so many high-end industries, it is impossible to support it.

Wang Yan, Liang Weigen, and Yu Liang were honorable, and Yu Suyun waited in the corridor of the office area in advance, greeted them, opened the sour branch wood door of Xu Teng's office for them, invited the three bigwigs to enter, and then closed the door for them.

Until this moment, two business tycoons and a business elite saw Xu Teng's true face in Lushan.

Xu Teng has dismissed the original chief public relations consultant Chen Shufen, and temporarily asked Xia Li to help him choose his daily clothes, which is different from before, casual student clothes in the morning, home for dinner at noon, and has to change into a kiton top suit with Italian tailoring, which is exquisite like the Wall Street upstart Jacob Moore played by Shia LaBeouf in "Money Never Sleeps".

Compared with Xu Teng's favorite British version of Anderson &Sheppard, Xia Li obviously prefers Xu Teng's Italian version, retro elegance, noble and luxurious, and in Lily Mansion, Xu Teng's changing room has more than 60 sets of kiton, each of which is personally responsible for the most popular professional suit designer in Milan over the years, Frankmuytjens, with a pair of Dolce & Gabbana's black sheepskin classical pointed-toe lace-up leather boots, and a Patek Philippe sapphire glare series.

He sat on the edge of his desk, watching the sunset, and heard the door open, and a few guests entered, before he glanced back and motioned for a few to sit down at his desk.

Wang Yan is a spiritual aristocrat who pays attention to appearance, a generation of business leaders, if it weren't for the sudden visit without greeting, he would really think that Xu Teng was deliberately dressed to meet him so formally.

Apparently not.

The Xu Teng in front of him is the senior co-partner of the normal version of the Huayin consortium and the chairman of Tencent Group.

In fact, Xu Teng is also used to changing multiple sets of clothes every day, wearing casual clothes at school and shows, and very formal at the company.

Clothing, which is the most exemplary work of art in modern society, the most obvious and direct symbol of identity and class.

Dressed more formally in the company is conducive to establishing Xu Teng's authority, after all, he is the chairman of the board of directors, and he only meets with the senior management of the Huateng department, these people are quite self-assured, and none of them will be more obedient because of his affinity and casualness.

It turns out that Xu Teng's slender and muscular figure is more suitable for wearing an Italian version of a suit, because the Italian version requires narrower shoulders and is more aesthetic, while the British version faces Anglo-Saxons with an average probability of being more athletic than Latino Italians, with wider chest and shoulders.

In order to cooperate with Goddess Xia Li as an image consultant for the first time, Xu Teng also used hairspray very well at noon, and the effect was not bad.

"Sit down." Xu Teng motioned for the three business tycoons to sit down first, he looked at the time, and waited for President Luo Hongyan to come over.

Half a year ago, Yu Liang visited Xu Teng's office, at that time, Xu Teng's office was still in the Yangtze River Entrepreneurship Center, and now it has moved here, still a small bamboo forest, everything seems to have not changed, but the space has expanded several times.

There is a pool in the corner of the office, planted with a pool of golden water lilies, and a set of rattan chairs and tea seats around it, enough for more than ten people to have a small-scale meeting here.

Wang Yan has seen the offices of countless business tycoons, and there is really nothing more natural and fresh than this, which is refreshing, refreshing, and eye-opening.

The men sat down one after another.

"Is there something wrong with Mr. Liang?" Xu Teng asked Liang Weigen first, estimating that he was asking about the merger and acquisition of XCMG.

"What's the situation on XCMG's side, I heard the news recently, and it seems to be decided, right?" In this matter, Liang Weigen was much more anxious than Xu Teng.

"Well, it should be settled, several leaders in Jiangnan Province want me to go in person, most of them want to take the opportunity to recommend a few projects to invite Huayin to invest, I can't go over empty-handed, I have arranged for a vice president to go over to pave the way, roughly select a few suitable projects, no hurry." Xu Teng comforted him, "Don't worry, you and Chairman Wang should have time to attend the annual meeting in February next year." However, I want to say hello to you first, once the merger is successful, I will use the brand of Huateng Heavy Industry, and the brand and product line of XCMG will not move for the time being, mainly to absorb the products on your side and use the Huateng brand. ”

"This is no problem, don't look at you now has not involved heavy industry machinery, the market appeal is definitely above the brand of Sany, we are currently mainly doing low-end products, direct OEM Huateng, you don't dislike it." Liang Weigen laughed, in fact, he was a little reluctant, and specially reminded Xu Teng that it was better to use XCMG directly.

"We'll talk about that later!" Xu Teng is not in a hurry to determine this matter, although this matter is not negotiable, according to Xu Teng's plan, Huateng Heavy Industry Group should be two brands at the same time, one is Huateng Heavy Industry, the other is XCMG, constantly adjust the product positioning, as well as the distribution and cooperation of the product line, to ensure the success of the dual-brand tactics, can cover the high-end construction machinery industry at home and abroad.

Xu Teng disposed of Liang Weigen's work in advance, and then asked Wang Yan, "What is your urgent matter, do you have to come over today?" ”

"Oh, there's nothing urgent, just come over to visit, and by the way, I want to talk about Vanke's directional capital increase." Wang Yan's targeted capital increase was originally intended to correspond to the poison pill plan of the Huayin system to dilute the equity of the Huayin system, but now it is used in reverse to enhance the holding scale of the Huayin system.

The biggest benefit is, of course, to improve Vanke's cash flow, to bid for land, to increase capital by 10 billion, to win 10 pieces of land in 10 major cities, and then to use Vanke's listed company advantage to borrow and operate, and finally get far more than 10 billion profits.

"You have to discuss this matter with Li Daxiao, he is responsible for coordinating and arranging the targeted shareholding plans of various companies, and will help you stabilize the current situation." Xu Teng will not overstep his authority, because he is already responsible for a lot of business in the Huayin department, and Vanke is not under his jurisdiction.

Wang Ji reversed the situation at the last moment, although he stabilized his position, but the split trend caused by Vanke is still obvious, and he needs to use this directional increase to give all senior management an opportunity to expand shares and stabilize the morale of the military.

He is almost the poorest joint partner in the Huayin system, and he can't get these funds at all, so he can only ask for help from the Huayin system.

"Actually, I know what you two really mean!" Xu Teng deliberately looked at Wang Yan and Liang Weigen, these two people ignored the opening meeting of the first day of Cheung Kong Graduate School of Business, and hurriedly came to visit him, in fact, to find out whether Huayin had the ability to continue to invest in Vanke and Sany Heavy Industry after the investment direction was adjusted to the three financial sectors of PN Insurance, China Merchants Bank and Minsheng Bank.

Yes, that's good.

If the capital chain of the Huayin system is not enough, it is best to say hello to them in advance, and they must also prepare a back road.

"There were indeed a lot of large-scale investments and mergers and acquisitions in 2004, but with the actual asset scale of Huayin, our total debt ratio did not exceed 25%, and there is still room for further investment."

There is no basis for words.

Xu Teng took out a confidential file from his desk, which was usually locked in his DIVA300N2 level safe, and heard that these two bigwigs came to visit together, so he deliberately took it out to appease them, so as not to make a mistake at such a critical moment when the two bigwigs were half-hearted.

Xu Teng's office, Yu Suyun and Han Dai can come in at any time, but there are two things, they can't open it, one is that Xu Teng unlocks the U disk, which is the standard configuration of all middle and senior partners of the Huayin system, a double-layer digital lock, the outer layer is the uds2003 of the Dragon Slaying Laboratory, and the inner layer is the professional data lock of Infosecurity.

Infosecurity's data lock is a national defense level, mainly to provide network and information security services to small and medium-sized countries, a USB flash drive is not enough, and there is a dynamic password, although it is only four digits, but it keeps changing according to the date, this thing must be hard memorized.

The other thing is Xu Teng's DIVA300N2 level safe.

Xu Teng divided this confidential file into two and handed it to Wang Yan and Liang Weigen to browse, and there was no need to say anything else, because they had at least an 85% probability of becoming a joint partner at the same level as Xu Teng, and sooner or later they would have the right to see these total asset review reports.

What is the Huayin system like, through this report, they can roughly reach 7 percent.

The real Huayin system is not Galaxy Capital-Huaxia Financial Group, but a financial complex composed of cross-shareholding of five capital groups: Galaxy Capital, Huaxia Financial, Boan Holdings, Phoenix Capital and Fuxin Financial.

The actual shareholding ratio of the Xu family in Galaxy Capital and Phoenix Capital is more than 1/2, and the shareholding ratio in the remaining three is also more than 1/3.

These are the five core groups, and the outer core is TCL, Shenzhou Media, Huateng, and Guangtai, and the partners of all parties are cross-controlled, and finally a Kangcaien consortium with total assets of more than one trillion yuan has been formed.

Among them, the land reserve alone is as high as 273,000 mu, covering all provinces across the country, mainly concentrated in small and medium-sized cities in the third and fourth tiers, and the land holdings in the first and second tier cities account for 13% of the total area.

This report will not tell Wang Yan what the average price and cost of land acquisition in Huayin is, but will only tell Wang Yan that the total value of the 182 million square meters of land is more than 150 billion.

As for the value of these lands in three years, Wang Yan knew in his heart.

Wang Yi also understands that these lands are concentrated in small and medium-sized cities in the second, third and fourth tiers, and in essence, it is difficult to be subject to the restrictions of three-year compulsory development, and they are all large areas of land, which can be gradually developed in phases, and the final profits will be amazing.

Huayin is still a city-building southern characteristic, from hospitals, schools, squares, commercial streets, supermarkets to other infrastructure construction together, slowly brewing, as long as the market is good, this is a profitable real estate operation model.

Some of these advantageous locations, even in small cities in the third and fourth tiers, can be jointly developed with Vanke, which guarantees quality, reputation and brand, and can pay a premium of at least 15%, and the speed of sales and capital return will be higher and faster.

At present, 30% of the assets of Huayin come from hard assets such as land reserves, commercial real estate, office buildings, cinema chains, hotels, coal, iron ore, gold mines, factories, etc., 30% of the assets come from basic markets such as gaming and medical care and overseas investment, and 40% of the assets are financial industry and securities investment, including bulk financial leasing products such as aircraft, oil tankers and cutter suction ships.

As of October 2004, the total internal and external debts of Huayin were 275.5 billion yuan, which did not exceed 25% of the total assets, and the current cash reserves of the entire consortium were 48.3 billion RMB, 1.27 billion US dollars, and 353 million euros.

The fact that the cash reserves are slightly low proves that there have been more mergers and acquisitions in recent times, and the profitability of the sub-groups of the consortium is relatively low, which is indeed a problem.

Xu Teng took out the third financial report again and handed it to Wang Yan and Liang Weigen, "The cash reserves are a bit low, and we have submitted a new financing plan for 2005 to a number of banks, and it is expected to borrow 45 billion yuan by March next year." In addition, we applied for a RMB 12 billion long-term support loan for national strategic industries from CDB. At present, the total amount of wealth management, trust and private equity capital managed by Huayin is also 200 billion yuan, and there is still a lot of room for allocation. So, the two of you don't have to worry about funding. Before May next year, we will solve the capital increase plan of Sany and Vanke, and will not delay the development of the two sub-groups because of large-scale investment in high technology. ”

Although the central bank has shown signs of shrinking the monetary base, the financing channels of the Bank of China are multi-faceted, with urgent financing through domestic banks at this stage, overseas banks and private equity financing in the second half of the year, and finally financing through shareholding banks and financial institutions.

Money, not an issue for the time being.

According to the scale of total assets, the book cash reserves of Huayin are indeed low, but the emaciated camel is bigger than the horse, not to mention that the camel of Huayin is not dead, but the scale of mergers and acquisitions at home and abroad and the scale of investment in emerging industries in 2004 are too large.

Objectively speaking, although Huayin is not a central enterprise or a state-owned enterprise supported by local finance, its financing capacity is indeed the strongest private consortium in China, and once it successfully enters the board of directors of PN Insurance, China Merchants Bank and Minsheng Bank, its financing capacity will be further expanded.

Xu Teng and others Wang Yan and Liang Weigen read the series of financial reports on "assets, investment and credit" of Huayin in October this year, ticked their fingers, took back these financial reports, and asked the two business tycoons, "What other questions do you have?" ”

Liang Weigen looked at Wang Yan and motioned for Chairman Wang to speak, after all, in terms of the status of the domestic business community, Wang Yan is basically the rank closest to Liu Feng and Liu Lu, and can even be said to be a big man of the same level and rank.

"It's okay for now." Wang Yan's sitting posture is still very casual with his legs crossed, holding his forehead and thinking, he has initially passed the internal crisis of the collective betrayal of Vanke's senior management, and after expelling Yu Liang from Vanke, he will sooner or later be a co-partner of Huayin.

Once he became a joint partner, he believed that with his status in the rivers and lakes, there was still weight in speaking within the Huayin system.

Of course, he also knew in his heart that this weight ultimately depended on how much profit he and Vanke could bring to Huayin, everyone is a capitalist, and money is the fundamental symbol of status.

"After accounting for all the controlling interests of the Huayin system, how much does the Xu family hold shares?" Wang Yan suddenly felt that this question still had to be asked clearly, and the situation had to be clarified.

"About half." Xu Teng was still sitting on the edge of the desk, condescending, looking down at Wang Yan and Liang Weigen, "You haven't officially entered the Huayin Department for the time being, and there are some things that should not be told to you according to reason." Of course, it doesn't hurt to tell you. My parents and I mainly used the Pritzker family model as a model to register a large number of family trust funds around the world, control the Huayin system in the name of foreign capital and Hong Kong and Macau capital, and then cross-hold shares with other joint partners to maintain the stability of the entire Huayin system. ”

"Oh!" Wang Yan has a toothache, and his estimate should be below 30%, after all, the scale of the various subgroups of Huayin is close to that of Sinopec combined.

It really hurts.

What does this mean?

Even if Wang Yan finally got a billion-level capital in the performance VAM agreement of the Huayin system five years later, he is still an insignificant shopkeeper in the entire Huayin system, and he is not a major shareholder in the strict sense at all.

Even if Liang Weigen can be regarded as a major shareholder, his weight within the Huayin system is still very low.

"It's going to be diluted, depending on your strength." Xu Teng sneered in his heart, of course he understood what Wang Yan meant by gasping just now, Wang Yan was afraid, he was afraid.

During this time, Yu Liang has been sitting silently in the corner, if Wang Yan and Liang Weigen are quasi-joint partners, he is now a quasi-senior shareholder partner, and he only officially went through the procedures for investing in Huateng Group in the morning.

100 million capital shares, not even 1% of the shares.

This made Yu Liang a little careful.

Soon, Luo Hongyan hurried over, and when he saw Yu Liang, he couldn't help but be slightly stunned.

This one wasn't happy either.

Most of the things of Huateng Group started from scratch, Luo Hongyan was very busy, and he couldn't take care of all directions at all, even so, he would not welcome a competitor and divide half of his real power.

"You're here just in time, sit down, Mr. Luo." Xu Teng sat on the edge of his desk, holding a teacup, quietly watching the sunset, which was his favorite view, and he never got tired of watching it.

A few seconds.

There is silence in this office that resembles a temple in Takekai.

Xu Teng thought about something for a while, took out the other two folders from the desk, and handed them to Luo Hongyan and Yu Liang separately, "Huateng Industrial Holding Company has a large business volume, and it must rely on more senior partners to cooperate in the operation, so I have made a little division of labor for the two of them." “

"Batteries, silicon crystals, photovoltaic solar energy, and wind energy belong to Huateng's new energy business, which is in charge of Mr. Luo, and real estate, DCS automatic control systems and instruments, photoelectric monitoring, and LED lighting belong to the smart city business, which is in charge of Mr. Yu. Automobile, construction machinery, intelligent machinery, genetic engineering and biotechnology, these industries must be spun off and operated as independent groups. ”

Xu Teng thought about it carefully and decided to say it more clearly, "Huateng Industrial Holding Company actually has no main business, and the subsidiaries in each field will be spun off and listed independently, and Huateng Holdings itself is only responsible for holding and coordinating industrial operations, as well as investing, incubating, merging and appointing new industries and new enterprises." Don't rush into the competition, let's try it, maybe we will create a very special and interesting new form of company. ”

In the last sentence, he said it to Luo Hongyan and Yu Liang, and by the way, he also told Chairman Liang Weigen that Huateng Group is actually a miniature version and a technology version of the Huayin Consortium, which is essentially an investment company with capital operation.

Different from other investment companies, Huateng first focuses on the high-tech field, and secondly, as long as it finds the right industrial investment direction, Huateng Holding Company will immediately merge and acquire the other party, inject capital, and expand its technology and production capacity advantages.

In short, the parent company is Huateng Industrial Holding Company, and there are almost a dozen subsidiaries, some large and some small, and the largest ones at present should be Huateng Automobile, Huateng Heavy Industries, and Huateng Land, which are larger, and the rest are smaller.

Huateng Automobile is the largest for the time being, with five listed companies, including ST Xiangzhou, ST Jinma, Xiang Torch, Fast, Anchai shares, after the asset restructuring, there will be roughly two listed companies left, a Huateng Automobile Co., Ltd., responsible for vehicle design, manufacturing and engine, a Sino Soar Holdings, the integration of Huateng axles, gearboxes, bearings, electric fire plugs, piston rings, electrical equipment, interior and other auto parts industry, can provide a complete set of solutions to other automobile companies.

The extra shell resources will also be digested within the Huateng system, and the listed resources of the entire Huayin system will be optimized through capital injection and reorganization, including Huateng Land, Huateng Heavy Industries, and Huatai Insurance...... It is possible to take this opportunity to go public.

Huateng is actually taking out more than 2 billion yuan to merge and acquire these auto parts industry, and the final integration is completed, and the market value of the entire Huateng system is expected to reach 30 billion.

It's also a lucrative deal.

"The future of Huateng Group is basically to develop towards capital operation companies such as Galaxy Capital and Boan Holdings, right?" Liang Weigen roughly understood, but he still had to ask Xu Teng clearly.

"Almost." Xu Teng replied casually, then thought about it, and added more clearly, "Galaxy Capital holds shares in two foreign banks, Huaqiao and Pangu and Huaxia Financial Group, and the next step of Boan Holdings is to join hands with Minsheng Bank, of course, it depends on some operations next year." Huateng is temporarily in alliance with PN Insurance and China Merchants Bank, and has invested in two financial institutions, and Jiangzhou Commercial Bank and Jianghuai Rural Commercial Bank in this province are all in the scope of consideration of Huateng. In short, the design of the Huayin system is very complex in terms of structure, similar to the honeycomb structure, and eventually there will be six or seven smaller capital consortiums, through mutual shareholding, to form a huge consortium of capital consortiums. ”

At this moment, Wang Yan didn't speak.

What can he say?

If time were to go back in time, he would definitely say to himself ten years ago, in fact, you are stupid, this world will always support the bold and starve the faint to death.

Ten years ago, he had just experienced the Junan incident and made the decision to let Vanke focus on real estate, and at that time, Xu Dachang had just started to do health care products and private equity.

Ten years later, Xu Dachang, whom he once looked down on, is already the business leader of China's largest private capital consortium, controlling the total assets that are not lost to Sinopec, and the debt ratio is only 24%, and he still has the strength to further expand capital exports.

Sinopec's debt ratio is about 52%.

This means that it is no problem for Huayin to expand its debt ratio by another 10 points and mobilize hundreds of billions of capital, as long as the profitability is sufficient to support the debt risk.

Right.

The problem is profitability.

A business tycoon like Wang Yi thought of the core point of the Huayin system for a moment, relying on the profits of the two basic markets of gambling and medicine, which could not support the rapid expansion of the Huayin system, and the profit growth space was limited.

This is the reason why Huayin must control Vanke, reorganize household appliances, automobiles, auto parts, construction machinery, and invest in chemical, coal, and hotel industries on a large scale, which is the medium-term profit point of Huayin system, so as to support it for five to ten years.

Ten years later, Huayin will be able to usher in a period of high profitability in high-tech industries that have invested heavily in advance at this stage.

The plan is perfect, the problem is another.

"Execution." Wang Yan said a very pretending but very real question, so many industrial integrations, can really achieve the desired effect of Huayin?

"Yes, the unstable factor that is missing between ideals, plans and reality is execution." Xu Teng shrugged, enjoying the sunset in Jiangzhou, drinking tea by himself, and enjoying the relaxation of the passage of time.

The sun set.

Xu Teng put down the teacup, locked all the important documents into the safe, locked the laptop, pulled out the unlocked USB flash drive, and looked at several business tycoons and elites opposite, "You guys go to the dinner party of the business school, if you have any new questions, you can contact me at any time." As Chairman Wang said, the layout of Huayin is very perfect, and the capital is not too much of a problem, but it is still possible to face a landslide-style fiasco. I hope we don't wait until we fail, and then find the reason, and work slowly, uncles. ”

He took out three paper cranes from the drawer, except for Wang Yan, the other three people clicked around one by one, "You can choose whatever you want, and the one who wins the lottery is the vice chairman of Huateng Group." ”

He left and left the office because it was his end time.

Liang Weigen, Luo Hongyan, and Yu Liang, the three of them looked at each other, feeling that this was simply a prank by college students, right...... Chairman Xu is a college student,.

"You draw lots, don't delay." Wang Yan also took a look at the time, and wanted to hurry up to the Jiangtai Royal Hotel to participate in the evening class dinner, isn't the EMBA student the best network?

"Chairman Liang, Mr. Luo, you smoke first." Yu Liang was very polite.

Luo Hongyan thought about it and decided to strike first, Liang Weigen and Yu Liang immediately drew one each, and the three of them opened it, and the result was the same, with four or three words written on it, "Vice Chairman".

Wang Yan wiped his chin, not knowing whether to congratulate them or say something else.

That's the real college prank, right? (To be continued.) )