Chapter 042 The Great Blood Change in the Northeast

Song Yuxin felt as if she was dreaming. Xiao Chen, he is really the deputy director of the National Development and Reform Commission!

Song Yuxin wanted to scold him for being a liar, even though he did mention many times that he was the deputy director of the National Development and Reform Commission, but what made Song Yuxin hate it was that every time Xiao Chen said this, his breezy expression always made people feel that he was just making a casual joke, and it was impossible to believe that he was indeed stating a fact.

"Liar! Big liar! Song Yuxin said hatefully with a small mouth.

However, Xiao Chen is not in front of Song Yuxin at the moment, she is unhappy, and she can't bite Xiao Chen. Moreover, the phone call from her father Song Mingyu just now also suggested that she immediately strengthen her contact with Xiao Chen, especially in the face of the "Measures for the Administration of Foreign Investment in Commercial Enterprises" issued this year, Taihu Group, which has begun to enter the national retail market, must understand the bottom line of the central government's policy, otherwise Taihu Group will face a huge crisis in the face of the Chinese retail market that will be completely opened to foreign investors at the end of the year.

In fact, the crisis arose during the two sessions this year. On March 16, at the National Conference on Circulation Reform and Development, Zhang Zhigang, Vice Minister of the Ministry of Commerce in charge of domestic trade, delivered two messages in his speech: first, in accordance with the commitment to join the WTO, Huaxia will fully open its commercial retail industry to the outside world by December 11 this year; Second, in the next 5 to 8 years, the state will focus on cultivating 15 to 20 local large-scale circulation enterprise groups with international competitiveness.

These two messages can be described as a mixture of joy and sorrow for Chinese business people. Sadly, the five-year transition period of China's accession to the WTO is coming to an end, and the domestic business is far from developing and growing, and it has the ability to compete with international business giants, and the road ahead is destined to be extremely difficult. Fortunately, the Ministry of Commerce and Trade has once again reaffirmed its attitude and determination to support domestic business, and it should not be far from the introduction of clearer and more practical measures.

Wu Di'an, an 80-year-old businessman and vice president of the Huaxia Commercial Policy Research Association, has called for the excessive opening of China's commercial circulation industry on many different occasions. In an interview with a reporter from the China Economic Times, he expressed his concerns: "In the past five years, local governments have blindly attracted foreign investment driven by the pursuit of political achievements and other interests, resulting in the illegal entry of foreign-funded commercial enterprises and taking advantage of policy loopholes. Based on past experience, once the policy restrictions are lifted, they are likely to be more likely to do more, because the factors of local governments wanting to attract investment and foreign businessmen wanting to devour Chinese commerce have not changed. After the full opening, the situation of the domestic commercial retail industry is not optimistic. ”

Zhang Weihong, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of Oriental Group, as the chairman of a private chain enterprise, is quite clear about the joys and hardships of people in the retail industry who are "fighting on the front line". He believes that the supra-national treatment that foreign-funded retail enterprises have received in China in recent years, as well as the retail dumping against China's relatively naïve retail industry, are unfair to local retail enterprises. "I originally expected to make good use of this five-year transition period, so that domestic enterprises can strengthen their bodies and jointly resist foreign countries. However, in the blink of an eye, the deadline has passed, and domestic enterprises have not had time to enjoy effective protection measures during the protection period, but those foreign-funded commercial enterprises that violate the rules are still receiving some super-national treatment. ”

In this regard, the former State Economic and Trade Commission successively issued the "Guiding Opinions on the Planning of Urban Commercial Outlets," the "Circular on Further Improving the Planning of Commercial Outlets in Large and Medium-sized Cities," and the "Circular on Strengthening the Planning of Urban Commercial Outlets." After the establishment of the new Ministry of Commerce, it took over this work and issued similar notices one after another. However, Zhang Weihong said that only a few cities such as Beijing, Pengcheng, and Wucheng really did what the central government intended, and what was terrible was that there were still some local governments that did not realize or even disregarded the safety of the country's industry, and continued to violate the rules.

It is reported that the provincial, sub-provincial and prefecture-level cities that are required to submit their commercial network plans within the specified time limit have been slow due to the lack of attention paid by most local governments. Moreover, some industry insiders said that many of the commercial network plans made by some cities in just a few months are not perfect, and there is a suspicion of "coping".

"At present, foreign investors have completed their high-end layout in the Chinese retail market. As soon as the transition period arrives, the acquisition of acquisitions and mergers and acquisitions, and the local commercial enterprises in China are in danger of being wiped out. During the two sessions, Zhang Weihong said.

Regarding the news that the state will focus on cultivating several large-scale domestic circulation enterprises, many people called the relevant competent person of the Ministry of Commerce, but they did not answer the questioner's question positively, but only said that there is no formal and complete written document at present, and it is not appropriate to announce it to the public.

In this regard, Zhang Weihong is not optimistic: "As the leader in charge, Vice Minister Zhang Zhigang has always attached great importance to this issue and has called for it many times. At a meeting in Pengcheng last August, his speech on supporting the domestic commercial circulation industry is still fresh in my memory. However, it is useless to only pay attention to individual leaders, and even at the party group meeting of the Ministry of Commerce, there is no unified opinion on this issue, and some leaders still have opposing opinions. ”

"Therefore, in the past five years, we have been running to tell each other, but we have not seen any department to take the lead in promoting, nor have we seen any support policies that are conducive to domestic enterprises. In terms of electricity, land and taxation, industrial enterprises and traditional commercial enterprises are still treated differently. Zhang Weihong also called for the modern business should no longer be positioned as a traditional business, and the strategic planning of industrial development should be considered from the perspective of national economic development and security.

Wu Di'an believes that in the current situation, commercial legislation is more important and urgent than the issuance of political documents. Why can't Walmart enter Japan? As a country with an open market, Japan has a "Commercial Store Law" that has firmly blocked Wal-Mart from the door, thus protecting the domestic market and industry, and protecting the country's economic security.

It is gratifying that at this year's two sessions, Song Mingyu, a deputy to the National People's Congress and chairman of the Taihu Commercial Chain Company, submitted a proposal for a draft of the attached law, the "Commercial Store Law", which attracted much attention, attracted more than 100 deputies to sign and seconded the proposal, and received timely instructions from relevant leaders.

On March 12, Song Mingyu was invited to the Ministry of Commerce to discuss the specific matters of the "Commercial Store Law". An official of the Ministry of Commerce told Song Mingyu that the bill on the "Commercial Store Law" will play an important role in promoting the "Regulations on the Planning and Construction of National Urban Commercial Outlets", which the Ministry of Commerce is currently focusing on promoting, especially the provisions on hearings, which provide an important reference from a professional point of view.

In addition, the relevant departments of the Ministry of Commerce are currently actively preparing the "National Regulations on the Administration of Urban Commercial Construction" and are striving to promote its eventual rise to the legal level. As the "Prelude to the Huaxia Dadian Law", the "National Regulations on the Administration of Urban Commercial Construction" provides a fair starting line and the same development space for domestic and foreign investment.

This is a proposition that must be solved in front of the Chinese retail industry. At that time, there were about 270 days left on December 11, 2004, the day when the retail industry in China was fully opened to the outside world. From the start of the pilot 12 years ago, to the full opening up next year, which is no longer limited by geography and quantity, the floodgates will be opened, and what will break in?

In the eyes of many people, these 270 days may be the last days of the Chinese retail industry. This view does not seem to be unreasonable: Oriental Bailian (Group) Co., Ltd., the No. 1 retailer in China, had sales of 48.5 billion yuan, or less than $6 billion, in 2003, a figure equivalent to Wal-Mart's sales in nine days. Wal-Mart's sales in 2003 were $260 billion, more than 40 times that of Oriental Bailian.

Many people believe that Huaxia's retail industry is too weak to withstand the attack. The only way to do that is to make it strong. Since the beginning of this year, a vein has gradually appeared in front of people:

At the end of January, a notice jointly issued by the Ministry of Commerce and the Ministry of Construction appeared on the desks of the commercial authorities of each prefecture-level city, requiring the completion of the development of the prefecture-level city's commercial network plan by the end of the year.

In early February, Assistant Minister of Commerce Huang Haijian said at a press conference at the Ministry of Commerce that the Measures for the Administration of Foreign-Invested Commercial Enterprises had been submitted to the Government Council.

On February 20, Vice Premier Wu Yi convened a symposium on the reform and development of circulation enterprises among 15 commercial enterprises in Zhongnanhai.

On March 3, the first global board meeting was held in 17 cities in mainland China.

……

Among them, the news from the Department of Commercial Reform and Development of the Ministry of Commerce has made domestic commercial enterprises feel the breath of the day: they should strive to cultivate 10 circulation enterprises with annual sales of more than 10 billion yuan, 4 circulation enterprises with annual sales of more than 20 billion yuan, and 1 with more than 80 billion yuan.

This shows that the method chosen by the Ministry of Commerce in these 270 days is to personally support these 15 enterprises to become so-called "commercial aircraft carriers", so that they have enough power to compete with foreign investment.

However, foreign companies are so close to us that we can already smell their breath.

On February 17, Carrefour, which had not opened a new store for half a year, opened its 42nd branch in mainland China in western Xinjiang, after completing the rectification of all its non-compliant stores at the end of last year. The rate of expansion is astonishing. This is because according to the assumption of classified management in the previous "Interim Measures for Foreign-Invested Commercial Enterprises", it will be difficult for Carrefour with a "bad record" to continue to expand.

The Interim Measures for Foreign-Invested Commercial Enterprises classify foreign investors who do not violate the rules in the process of investing in the commercial sector in China as Class A, those who have violations but are regulated are classified as Class B, and those who violate the rules and are not regulated are classified as Class C. B-level investors like Carrefour should not be able to apply to open a new store within 1 year after the violation is regulated.

Since 1992, the foreign-funded retail industry has been piloted, and the "disorderly opening-up" has been criticized. According to the former State Economic and Trade Commission, by the end of 1999, there were only 21 foreign-funded retail enterprises officially approved by the central government. By July 2001, 316 non-pilot foreign-funded retail enterprises had been approved and set up without authorization.

Huang Zhiqiang, general manager of Moore Parkson in Sichuan City, said: "For the local government, being able to introduce advanced business models and foreign investment means that tax revenue can be increased and employment can be increased. If local government wants to cross the line, it is often difficult for the central authorities to regulate and control it. ”

However, with the advancement of the reform of the administrative system in China and the partial decentralization of the approval power of the central government, the local government is gaining more right to speak. An industry insider pointed out: "Rather than repeatedly restricting and prohibiting, it is better to have no restrictions on strict trial." "Obviously, there will be fewer and fewer policy restrictions on foreign retail.

It is worth noting that in the draft of the Measures for the Administration of Foreign-Invested Commercial Enterprises, submitted by the Ministry of Commerce in February, the provision on hierarchical management of non-compliant enterprises has been removed.

Obviously, the Ministry of Commerce has lifted policy restrictions on foreign-owned retail enterprises, which has accelerated their domestic expansion.

However, to some extent, the panic of the Chinese retail industry towards foreign retail enterprises comes from imagination, not reality.

Statistics from the Ministry of Commerce show that in 2003, among the top 30 chain enterprises in the country, there were 6 foreign-invested enterprises, namely Carrefour (enterprises in China), China Resources Vanguard Co., Ltd., Suguo Supermarket Co., Ltd., Wal-Mart Huaxia Co., Ltd., Jinjiang Metro Cash and Carry Co., Ltd., and Haoyouduo supermarket chain companies, with a total sales of 49.5 billion yuan, accounting for 18.3% of the total sales of the top 30 chain enterprises, and 1,748 stores, accounting for 16.9% of the total number of top 30 stores. It can be seen that both in terms of quantity and market share, domestic chain enterprises still occupy a dominant position.

"The most worrying thing is not foreign capital, but the blind expansion of domestic capital." Huang Zhiqiang, general manager of Moore Parkson, said frankly that in the past three years, domestic enterprises have made great progress in marketing concepts, marketization and internal management, but they are a little crazy in expanding the distribution point, and the current circulation industry is most lacking in market adjustment means.

"It's a lot like it was in 1997 and 1998. At that time, represented by Asia, Scitech, and Hualian, they were distributed everywhere in the mainland market, but as a result, they had to shrink their front due to insufficient internal personnel reserves and management. Huang Zhiqiang believes that it is a very dangerous thing for domestic enterprises to join the camp of foreign brands to grab land, but lack the prudence and rationality of foreign-funded enterprises.

This situation arises because they have good expectations for the Chinese market. And their opponents clearly share the same view.

Hu Hongke, an analyst at China Merchants Securities, said: "China's total retail sales of consumer goods will maintain a growth rate of about 10% in the next five years. ”

Statistics from the Ministry of Commerce show that in 2003, the total annual sales of the top 30 chain enterprises (including foreign capital) in the country was 270.42 billion yuan, a year-on-year increase of 29.9%. Wal-Mart alone purchased $15 billion in goods directly and indirectly from China last year.

In April 2003, Bailian Group was established, indicating that the circulation industry in China began to enter a new stage of integrated development and evolved to a relatively centralized "oligopoly competition".

In 2003, 9 of the top 30 chain enterprises had sales of more than 10 billion yuan, which was 2.61 billion yuan higher than the sales of the 30th chain enterprise in 20. In 2003, the number of stores increased by more than 100%, and the number of stores increased by more than 50% in 10 companies.

In addition, the former State Economic and Trade Commission made arrangements to invest in the technological transformation of treasury bonds for the first time since the founding of the People's Republic of China the year before last year, investing in 69 projects, with loans of 7.38 billion yuan and interest discounts of more than 600 million yuan, to support the technological transformation of modern circulation projects such as chains, logistics, and e-commerce, and to support retail enterprises to become bigger and stronger.

This is all good news for Chinese retail companies. However, there is one thing they must realize is that they cannot always rely on the support of the government, and whether the formation of a "commercial aircraft carrier" conforms to the laws of the market economy.

Zhang Zhigang, vice minister of the Ministry of Commerce, said that in the next 5 to 10 years, two or three chain enterprise groups with Huaxia special sè will be cultivated to enter the world's top 500, which is certainly exciting, but what is more meaningful is how such a picture is created in the market.

In any case, since the government has released such words, then as a businessman, you must strive for the quota and strive to be supported by the government, which is the first thing that must be considered when doing business in China.

In fact, when Song Mingyu learned that his daughter's "boyfriend" Xiao Chen was Xiao Chen, deputy director of the National Development and Reform Commission, he was also stunned for a while, and then he thought of another thing: Xiao Chen, deputy director of the National Development and Reform Commission, is the nephew of Vice Premier Xiao Zheng, and the grandson of Xiao Lao, the only remaining number one person among the elders of the Communist Party of China, and the most important thing is that he is married, and his wife is said to be the daughter of Ye Songbai, vice chairman of the Military Commission...... So, between Yuxin and Xiao Chen?

Originally, Song Mingyu was not in a hurry, because his daughter was not very old and had just graduated, and now the object of love may not necessarily be the object of marriage in the future, although Song Mingyu was quite satisfied with that "Xiao Chen", but he did not have the slightest intention of urging his daughter. However, now that Xiao Chen's identity is clear, Song Mingyu suddenly feels that something is wrong.

Song Mingyu's first reaction was: He should immediately persuade Yu Xin to leave Xiao Chen, not only because he didn't want his daughter to entangle with a man with a family, but also because it was a great danger to "rob" a man with the daughter of the vice chairman of the Military Commission.

But immediately, Song Mingyu found that this was not well thought out, what if Xiao Chen insisted? You must know that at the beginning, he Song Mingyu could not care about Xiao Chen, but now since Xiao Chen is Xiao Lao's grandson, Vice Premier Xiao's nephew, and he is also a deputy ministerial-level high-ranking official with real power who enjoys ministerial-level treatment, if he Song Mingyu annoys Xiao Chen, and deduces according to the principle of "not carrying the greatest malice", then Xiao Chen can almost casually make a few phone calls to let him Song Someone bury the fruits of most of his life's struggle!

Song Mingyu may have thought too much, but he didn't dare not think about it. He didn't dare to use his net worth of two or three billion dollars to bet on whether Xiao Chen was a true gentleman. This is not only for his own career, but also for his daughter's future life, he can't imagine how his daughter, who has long been accustomed to a rich life of real money, will react if she hears the news of her father's bankruptcy one day, he doesn't dare to bet. However, he subconsciously made a decision: no matter what his daughter's final choice was, he would do his best to support it.

So, Song Mingyu finally didn't say anything superfluous to Song Yuxin himself about the relationship between Xiao Chen and Song Yuxin, but only mentioned that he hoped to get some help in fighting for political support.

The retail industry was proposed by Xiao Chen to let Taihu Group enter, and Song Yuxin looked at it naturally to consult Xiao Chen.

Xiao Chen did not hesitate to analyze the current situation with Song Yuxin, in fact, the foreign-funded retail industry is undoubtedly one of the main themes of the development of China's retail industry this year. Every move of a foreign-funded retail enterprise has the potential to have a significant impact on the domestic retail enterprise, so people pay more attention to its process. On March 4, 2004, Wal-Mart's global board of directors held in Pengcheng became the most eye-catching——— Wal-Mart held such a high-level meeting venue in Asia for the first time. At the meeting, the 12 directors were excited about the potential of the Huaxia market and asked Walmart Huaxia to speed up its development. By this time, Walmart had opened 39 stores in China.

On April 6, 2004, Ito-Yokado's first store of the world's largest convenience store was unveiled the following week, and it was operated directly from its headquarters in Japan. On April 7, Ito-Yokado signed an agreement with Wangfujing Department Store to establish a joint venture supermarket chain company focusing on fresh food business with a total investment of 24 million US dollars. As one of Japan's largest retail companies, Ito-Yokado has opened three stores in its first large-scale general supermarket (GMS) and has been operating well. It is reported that in 2008, Ito-Yokado will open 10 stores in Beijing.

On April 30, 2004, Carrefour's Champion Supermarket, known as Europe's largest fresh food supermarket——— opened its first chain store in Asia in Beijing. Champion said it aims to open 40 to 50 supermarket chains in the capital before the 2008 Olympics. Champion supermarket, Carrefour hypermarket, and Dia discount store are the three major business formats of Carrefour Group. The opening of Champion Supermarket enables Carrefour family members to realize "family portrait" in China, further demonstrating its business strategy of three-dimensional layout according to different business scales.

Judging from the above situation, in 2004, the foreign-funded retail industry was still dominated by direct store opening, and has shown strong capital strength. It is foreseeable that under the condition that the layout of urban commercial outlets is basically completed, mergers and acquisitions will become the main means of foreign capital expansion.

On the other hand, there are mergers and acquisitions.

The most eye-catching, and the first M&A, was in January 2004, when Taihu Group, a leading company in China's domestic hotel industry, spent 2.2 billion yuan to acquire a 51% stake in the Tesco supermarket chain. Tesco was founded by Baodao Tingxin Group in mainland China, and at the time of the acquisition, it owned 25 supermarkets in mainland China. In this regard, Xiao Chen believes that Wal-Mart, Carrefour and other foreign-funded retail enterprises have long been in China before the opening of the land for the king, although the local retail enterprises in China are also all over the place, but the power is relatively scattered, Taihu Group into the retail industry after how to catch up, is the Song father and daughter need to solve the first problem.

Entering the Chinese market, where the retail industry has just opened, if the way of opening new stores is adopted, the development speed will not only not keep up with Wal-Mart and Carrefour; And there is a lack of real combat experience. So mergers and acquisitions are a good way to go. Looking at the retail army in China, Wal-Mart and Carrefour are basically impossible to sell their shares, the local corporate giants are complex, and the management of húnluàn and other reasons is not in line with Xiao Chen's original intention, nor is it in line with the appetite of Song's father and daughter, and small enterprises are too small in scale, even if the acquisition is not enough to threaten the opponent, only Taiwan-funded enterprises, not only have many stores, but also operate well, especially Tesco, its store design, area, site selection and other elements are very similar to the style of Taihu Group, and the integration of resources is very convenient.

Through this merger and acquisition, Taihu has opened up its channels in China, not only has good stores, but also the management of Taiwanese personnel can effectively make up for its lack of experience in the Chinese retail market.

But perhaps Taihu Lake is too eager to eat the big cake of Huaxia, and such a huge transaction volume has shocked the whole world. According to external estimates, based on Tesco's current profitability, Taihu will recover the cost of mergers and acquisitions for at least ten years, which is too huge.

The second is Bailian's absorption and merger of the First Department Store and Hualian Commercial Building. In April 2004, Bailian Group acquired the relevant shares of five listed companies, namely First Department Store, Hualian Commercial Building, Hualian Supermarket, Friendship Shares and Material Trade Center, through equity administrative allocation, and became the actual controller of these five companies.

In Xiao Chen's view: the merger of the First Department Store and Hualian Commercial Building is the reorganization of Bailian Group's resources. The first department store and Hualian commercial building are listed companies under the same group, both companies are engaged in the department store retail industry, the merger adopts the method of absorption to merge the better Hualian commercial building into the poor first department store, so that the quality of the first department store has been improved. Moreover, it avoids the meaningless competition of the same resources under the same group to the same market, which is in line with the slogan of Bailian to become bigger and stronger.

As a state-owned enterprise and the big brother of the domestic retail industry, Bailian Group has excellent business performance on the surface, but the lack of modern enterprise management mode and complex government-enterprise relations are hindering the development of this huge group. With a strong physique, we also need to have a healthy spirit, and in the face of large-scale competition for foreign capital in the future, it is very important to improve our own management level in a timely manner.

The third is Wumart's acquisition of supermarket hair. Jingcheng Supermarket was in the 26th place in 2, and Wumart acquired 25.03% of the shares of Supermarket Development Employee Stock Ownership Association, and shortly thereafter Supermarket Development State-owned Assets Management Company entrusted 34.77% of its state-owned equity to Wumart Group and signed the "Equity Custody Contract". Wumart officially took over the development of Beijing supermarket.

Dashang Group indirectly owns a part of the shares of Supermarket Development due to the previous acquisition of Tiankelong. Therefore, the acquisition of Wumart and the trusteeship of the state-owned equity of the supermarket led to the equity dispute between Wumart and Dashang. The equity battle has also caused a significant decline in the sales and profits of supermarkets.

Xiao Chen's view is that Wumart is unique in the process of transforming state-owned enterprises, with its own unique insights and methods, so the Beijing Municipal Government also strongly supports it. Zhang Wenzhong, chairman of Wumart, said that the acquisition of supermarkets has a strong complementarity to Wumart in commercial outlets. It can be seen that after the completion of the merger and acquisition of the supermarket, Wumart's ability to speak in the capital has been effectively increased. Wumart also hopes to bring a new round of performance growth to the supermarket after the integration of resources.

The fourth is the acquisition of Jinning Xinbai Group by Golden Eagle International. Golden Eagle International through the secondary market to buy a large number of tradable shares, on the one hand to the competitors to put pressure, on the other hand to express their financial strength and confidence to win, its own Jinning Xinbai Group's outstanding shares once reached 16.32% of the issued shares, and finally in May 2004, Golden Eagle International successfully entered the Jinning Xinbai Group.

Xiao Chen's view is: Golden Eagle International and Jinning Xinbai are two department store giants in Jinning retail, and Golden Eagle has always been interested in Jinning Xinbaibei, and the state-owned equity performance in the process of Jinning Xinbai restructuring is very positive, and even its actions are incredible, in order to enter Jinning Xinbai, Golden Eagle International spent a total of 350 million yuan. The newly established Xinbai Group has also changed the past management model of Xinbai Group and Jinning Xinbai Group, and adopted a vertical management model, with RGE International managing Xinbai Group, Xinbai Group managing each subsidiary, and RGE International not directly managing the subsidiaries of Xinbai Group. Through mergers and acquisitions, Golden Eagle International has successfully staged a "turning enemies into friends" in Jinning's department store industry, and in the future, Golden Eagle International and Jinning Xinbai will no longer be competitors, but subsidiaries of the same group, on the one hand, it has strengthened its own strength, on the other hand, it has also avoided unnecessary competition, integrated the "China's first business district" Jinning Xinjiekou business, and realized the dream of commercial predators.

The fifth is Lianhua's acquisition of Shizhuang Wanlifu Supermarket. Founded in 1999, Yanbei Shizhuang Wanlifu Supermarket Group has 5 large-scale comprehensive supermarkets with a total area of 75,000 square meters. Wanlifu Supermarket has 17 franchised chain stores in the surrounding area of Shizhuang, and is one of the largest supermarket companies in Shizhuang City, Yanbei Province.

In June 2004, the domestic chain giant Lianhua Supermarket was listed on the main board of Hong Kong and received abundant funds, and in June 2004, it spent 77 million yuan to acquire Wanlifu Supermarket Group.

Xiao Chen's view is that the development of the Shizhuang supermarket chain is very rapid, and the competition is also very fierce, in addition to the local Wanlifu, Baolongcang and Fusai, Linjingjia World and Yichulian Huā have entered in a big way, but the local supermarkets are limited by capital and operating capacity, the development is relatively slow, and the competitiveness is not strong. Lianhua's acquisition of Wanlifu for less than 77 million yuan caused a great shock in the local supermarket industry. It is likely to lead to a reshuffle of the Yanbei supermarket chain industry.

For Lianhua, the acquisition of Yanbei Wanlifu supermarket is an important step for Lianhua to accelerate the layout in North China, at present, Lianhua has 1 century Lianhua hypermarket in Shizhuang, standard supermarket in Baoding has already entered, at the same time, Century Lianhua is accelerating the expansion in Beijing, in addition to the Tongzhou store that has been opened last year, it is expected to open 4 more this year, plus more than 100 convenience stores in Beijing, Lianhua has an increasingly large scale advantage in North China.

The sixth is the acquisition of Pengcheng Department Store by Jinning Zhongshang Zero Assets. According to the development strategy of Jinning Central Shopping Mall Co., Ltd. and to accelerate the implementation of the department store chain plan, the board of directors of Jinning Chinese Business decided to grant 16.9469 million shares of state-owned shares of Pengcheng Department Store Co., Ltd. held by Pengcheng Commerce and Trade Bureau, accounting for 80.05% of the total share capital of "Peng Baida", with total assets of 271.4015 million yuan and net assets of 21.3197 million yuan. Taking into account the cost of the replacement of the identity of the divested employees, after the two parties negotiated the price, "Peng Baida" agreed to transfer it to Jinning Zhongshang at a zero price. After the end of the equity transfer, the company will use its own funds of 28.83 million yuan to increase the capital and expand the shares of "Peng Baida", and the registered capital of "Peng Baida" after the capital increase and share expansion will be 50 million yuan, and the company's equity in "Peng Baida" will reach 91.55%.

Although China Commercial Zero Assets took over "Peng Baida" this time, it had to bear part of its debts. At present, Peng Baida has just closed down for decoration, and Chinese businessmen have invested more than 10 million yuan for this, and it is expected that next month, Peng Baida, who looks similar to the central shopping mall, will appear on the streets of Pengcheng. Peng Baida, who was originally positioned on the public route, will also take advantage of this new comprehensive upgrade to create a fashionable shopping plaza. The management philosophy of the central mall will be implemented in Peng Baida, and the Chinese business will select managers who meet this concept to manage the mall.

Xiao Chen's view is that Jinning Chinese businessmen aim to vigorously develop chain department stores and supermarket chains in the past five years, and the acquisition of Peng Baida is also "planned for a long time". With the development of the city, Pengcheng's purchasing power is no less than that of Jinning, and at present, Jinning Jinling Department Store and Golden Eagle International have been the first to enter, Pengcheng has become a real business must compete for the place, and this move of Chinese businessmen continues the company's policy at the same time, it is also a move to grab commercial resources.

The seventh is the new situation a few days ago: Goldman Sachs took a stake in Neptune. In July 2004, Goldman Sachs, an internationally renowned investment bank, and Pengcheng Neptune Pharmaceutical Co., Ltd. quietly signed a cooperation agreement at the Venice Hotel, under which Goldman Sachs will invest heavily to assist Neptune to expand the market, and recommend Neptune to be listed in the world's major capital markets within five years.

Xiao Chen's view is that Neptune and Goldman Sachs reached a cooperation agreement after more than a year of contact, and Goldman Sachs' investment in Neptune is mainly due to its good profit model, management team and development potential of Huaxia pharmaceutical industry. Goldman Sachs invested $40 million this time, mainly to support Neptune's expansion across the country. According to the preliminary cooperation agreement reached between the two parties, with the strong financial support of Goldman Sachs, Neptune will have a turnover of 4 billion yuan and 2,000 to 2,500 branches in China in the next five years, thus becoming "the most powerful chain pharmacy company in China".

It can be said that foreign capital began to enter the Chinese retail market in large numbers as an opportunity, which made China's domestic retail enterprises also began internal integration, the so-called internal integration, in fact, is a big fish eat small fish small fish eat shrimp process, Xiao Chen believes that in this process, shrimp will soon be eaten by small fish, and big fish will selectively eat some small fish, and eventually slowly become a crocodile and shark that can compete with foreign capital. As for whether there will be several aircraft carriers in accordance with the plan of the Ministry of Commerce, it is difficult to say at present. But Xiao Chen believes that the strength of the Taihu Group can compete for it, even if it can't get the number one Big Mac, but with the secret help of the Xinlan Foundation, it is not difficult to get a second or third, not to mention that although Xiao Chen will not help the Taihu Group to do anything illegal, it is very easy to give some help within the rules, the most critical of which is undoubtedly the network, and the network is the most important thing for Xiao Chen.

When Xiao Chen met with Song Yuxin, he analyzed these things, and by the way, he promised to match Taihu Group with relevant departments, make a few phone calls to introduce everyone to each other, and then left in a hurry. Song Yuxin didn't know why Xiao Chen was in such a hurry, so she had the previous hateful sentence "Liar!" Big liar! ”——

But Xiao Chen does have something important at this time, something important about the Northeast.

Xiao Chen's axe in the northeast was cut down and several enterprises were rescued, but it damaged the overall situation that the central government had originally grasped steadily, not that the central government was unstable because of this, but that some predetermined plans had to be launched in advance. This will give people a sense of haste, as if the central government is treating some major matter as child's play.

But at this time, the central government is also a little difficult to ride a tiger, after all, Xiao Chen's actions are not wrong, it is impossible to punish him, you must know that Xiao Chen did not know the central government's plans before, and this time he can only "those who do not know are not guilty".

As a result, a major personnel change in the three eastern provinces suddenly appeared.

Xinhua News Agency, 12 Jul -- The Central Committee of the Communist Party of China has decided that Comrade Xu Anqiu will be appointed as a member, standing committee member, and secretary of the Liao'an Provincial CPC Committee, and will no longer hold the posts of secretary, standing committee member, and member of the Central Plains Provincial CPC Committee; Comrade Wen Shizhong no longer holds the posts of secretary, standing committee member, and member of the Liao'an Provincial Committee of the Communist Party of China.

Comrade Luo Mingcheng was appointed member, standing committee member, and secretary of the Central Plains Provincial Party Committee, and Comrade Li Lixin was appointed member, standing committee member, and deputy secretary of the Central Plains Provincial Party Committee, and was nominated as a candidate for governor.

Comrade Hou Dongxiang served as Secretary of the Party Leadership Group and Minister of the Ministry of Commerce of the Government Council, and no longer served as the deputy secretary, Standing Committee member and member of the Liao'an Provincial Party Committee of the Communist Party of China (he had resigned from the post of governor one day in advance); Comrade Chen Mingren served as a member, member of the Standing Committee and deputy secretary of the Liao'an Provincial Committee of the Communist Party of China, and was nominated as a candidate for governor; Comrade Zhou Kaizhen is a member and member of the Standing Committee of the Liao'an Provincial Party Committee.

Comrade Zhu Weijun served as secretary of the party group and director of the Religious Affairs Bureau of the Government Affairs Yuan, and no longer served as deputy secretary, standing committee member and member of the Xianglin Provincial Party Committee (he had resigned from the post of governor one day in advance); Comrade Li Zhengfeng served as a member, member of the Standing Committee, and deputy secretary of the Xianglin Provincial Party Committee, and was nominated as a candidate for governor. Comrade Liu Maogen served as a member of the Xianglin Provincial Party Committee and a member of the Standing Committee, and was nominated as a candidate for executive vice governor. (The director of the Provincial State-owned Assets Supervision and Administration Commission shall be appointed by the Provincial Party Committee)

Comrade Zhang Bayan was appointed as a member, member of the Standing Committee, and secretary of the Longjiang Provincial Party Committee (he had resigned from the post of governor one day earlier), and Comrade Wang Chūnlai no longer held the posts of secretary, member of the Standing Committee, and member of the Longjiang Provincial Party Committee.

Comrade Guo Yundong was appointed as a member, member of the Standing Committee, and deputy secretary of the Longjiang Provincial Party Committee, and was nominated as a candidate for governor, and no longer held the posts of deputy secretary, standing committee member, and member of the Liao'an Provincial Party Committee.

……

A major change that swept the entire three northeastern provinces suddenly came, and many people were caught off guard.