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Jinshan Electronics Industry Forum will last only two days, in addition to the first opening ceremony and summit forum, the next day in the International Convention and Exhibition Center Complex and Convention and Exhibition Center Hotel held e-government and software industry, Jinshan Electronics Industrial Park, Internet media development and social impact and other ten special forum meetings, at the same time, Jiangnan Provincial Government, Jinshan Municipal Government will also be in the International Convention and Exhibition Center for project signing ceremony, bank-enterprise docking, scientific research institutions-enterprise docking and other economic and trade activities. Pen? Interesting? Pavilion wWw. ｂiquge。 ｉｎfo

The steel structure roof crisscrosses the top of the exhibition venue, and the architectural style is rough, but from the late nineties to the early twenty-first century, almost all the domestic convention and exhibition centers are in this architectural style.

On the second day, apart from browsing the status of various thematic forums and meetings, there was nothing in the building of the convention and exhibition center for Zhang Ke to linger.

In the economic and trade activities on the second day, Chen Xinsheng, on behalf of Aida Group, signed a letter of intent with the Jinshan Municipal Government to invest 200 million yuan in the investment project of Jinshan Oak Park R&D Center, and Haisu Technology, together with Chint Group and Jiaxin Electronics, has a total investment of 3 billion yuan in the second phase of Jinshan Software Park and Electronic Industrial Park.

Ge Yinjun met Zhang Ke, who was still attending the forum activities today, hiding in the audience and pretending to be an audience, and couldn't help but ridicule him: "I heard your impassioned words yesterday, and I thought Kumho could have a lot of money this time...... It's only 200 million. ”

Zhang Ke smiled, he didn't want to pay attention to him, but seeing his arrogant appearance, he couldn't help but want to stimulate him for a sentence or two: "What is signed is only a letter of intent, and no one can say how much of the so-called intention funds can be implemented." Writing it out is just to make the government report look better, why should I make the government report in Jinshan City look beautiful? 200 million, just a number that I came up with last night, I am sure to tell you that the Hong Kong Stock Exchange today Schwab Electronics bought more than 200 million! ”

Hearing Zhang Ke mention Jiaxin Electronics again, Ge Yinjun looked at him uncertainly, didn't say anything more, and turned to leave.

Seeing Ge Yinjun leave boringly, Ye Jianbin pursed his lips and sneered, and said: "Jianye only has 10 billion investment funds in the Zhongjing Microchip project, what is this kid worthy of arrogance?" ”

"He really can't find a chance to taunt us!" Zhai Danqing said with a smile.

"No, no," Zhang Ke shook his head and said, "They regard Jinshan as their own territory, so they will have such a posture." ”

Hearing Zhang Ke say this, Ye Jianbin laughed and said: "The acquisition of Dawn Paper is really done, I don't know how ugly their faces will be." ”

It wasn't until about 4 o'clock in the afternoon that the headquarters of Jiaxin Electronics in Hong Kong called them and told them that the trading volume of Jiaxin Electronics' shares in the open market had increased significantly compared with the past, and then they felt that the situation was much more serious than they imagined.

Affected by the Asian financial turmoil, Hong Kong's securities market has also fallen into a silent winter, with inactive trading and continued sluggish trading volume, but the daily trading volume of Schwab Electronics stocks has continued to increase in recent days -- Kumho's intention is becoming more and more obvious.

Zhou Jinyu also had to rush to the airport to see off some important guests, Ge Mingxin, Ge Yinjun, Xie Hanjing, Xie Hanming, Xie Jiannan and others were a little flustered, after the closing of the electronic industry development forum, they urgently gathered in the luxury suite of Jinshan Hotel to negotiate.

Although it can be estimated that Kumho's existing capital stock is not enough to pose a threat to Schwab, with Kumho's current scale and status, even if it raises 18 billion yuan from the sluggish international financial market, no one can say for sure that this is impossible.

If Kumho really takes control of Jiaxin Electronics from the open market, Xie Hanjing can't imagine the consequences of this incident, and Jinshan Electronics Industrial Park will naturally become Kumho's bag, and all their efforts have made a wedding dress for Kumho, wouldn't it become a big joke? Chint Group is getting closer and closer to Jiaxin Electronics, and if Kumho takes away control of Jiaxin Electronics, it is impossible for them to avoid Kumho from afar, and they will probably give Kumho a ride on their heads forever.

Charles Schwab Properties and Charles Schwab Electronics are the two pillars of the Charles Schwab Group, and G. Mingxin will never tolerate others being interested in Charles Schwab Electronics.

"What a mad dog!" Ge Mingxin was roaring in a suppressed voice, he couldn't understand how much substantial benefit sniping Jiaxin Electronics would have for Kumho, but they were doing it.

"After all, the Hong Kong stock market is not much stricter than the mainland, and the regulation is much stricter, so they can't act arbitrarily, right?" Xie Hanming said hesitantly that he was not very familiar with the situation in the securities market, and intuitively believed that Kumho could not act arbitrarily in the Hong Kong securities market.

"Strictness is one thing, but Hong Kong's financial market is a highly liberalized market, and with the recent frequent flooding of the Hong Kong stock market by international financial funds, they can completely hide their acquisition intentions...... They can disperse and inhale, and then choose the right time to merge and launch a tender offer, but the means we can use to fight back are relatively simple. Ge Mingxin said.

In the current situation, even if it is impossible to speculate exactly Kumho's intentions, they have to seriously fight a defensive battle, which really makes Ge Mingxin depressed. What worries him the most is the release of the '97 financial report in a few days, and the sharp decline in earnings data will prompt a large number of investors to give up their shares, so that Kumho can buy the shares of Charles Schwab Electronics at a lower cost.

Keeping the stock price at a relatively high level is the best way to snipe at your opponents and force them to abandon the M&A because of the high cost. In addition to CSB's use of funds to enter the market to increase its holdings publicly, it has taken effective measures to raise future earnings expectations and enhance investor confidence.

Xie Jiannan thought that this was the time to propose closer cooperation between Kewang and Jiaxin Electronics.

Jiaxin Electronics's shareholding in Kewang is only slightly less than that of Chint Group, close to 50%, and it is also in the interests of Jiaxin Electronics to give full play to the brand advantages of Kewang, which is good news for Jiaxin Electronics. In addition, Ge Yinjun, an overseas company of Kewang, personally holds more than 80% of the shares, giving full play to the brand advantages of Kewang, which is more in line with the personal interests of Ge Mingxin and Ge Yinjun.

Zhang Ke did not leave Jinshan that night, but still had dinner with Zhao Youlun at the Tiannan Hotel, and after the banquet, Zhang Ke told Zhao Youlun about Kumho's plan to acquire Dawn Paper.

Even if Liang Weifa did not give an answer, it cannot be said that Kumho's plan to acquire Dawn Paper did not distract him, but the political risks behind the plan and the huge controversy that it may cause made him hesitate and pay attention.

Zhao Youlun is a key person who can promote the acquisition plan, although Dawn Paper is a provincial enterprise, but after all, it is located in Jinshan City, after all, the territory of Jinshan City has caused a large area of pollution to the Yinma River flowing through the western suburbs of Jinshan City, causing a lot of inconvenience to the residents on both sides of the Yinma River, and it can even be said that it is damaging the health of residents on both sides of the river, Zhao Youlun can exert pressure from the perspective of environmental law enforcement.

Zhao Youlun was quite surprised to hear Kumho's plan to acquire Dawn Paper, and there was no precedent in China for private capital to try to acquire a large state-owned group in '98, although the central government encouraged local governments to innovate and boldly move forward in the reform of the economic system, who can be sure that this step is not a minefield or an abyss? Wang Youlun immediately thought of the benefits to him after the implementation of the acquisition plan: the key to the competition between him and Zhou Jinyu was who could make actual results faster, form a greater influence in Jinshan's party and government cadres, and lay a more solid foundation.

While resistance to Kumho's acquisition of Dawn Paper could be expected, once the acquisition is successful, the situation will suddenly turn in their favor.

As for how to put pressure on Dawn Paper, it is too simple.

Not only a large number of fields and groundwater on both sides of the Yinma River are polluted, but the incidence of diseases on both sides of the river is much higher than that in other areas, and the local residents have caused panic, most of the farmers will take the grain grown on both sides of the bank to the market for sale, and then buy grain from the market to eat, and the households with conditions have even moved away from the downstream areas of the Chenxi Paper factory. In the past, provincial and municipal governments only saw the economic benefits created by Dawn Paper, and turned a blind eye to the harm caused by pollution to the residents on both sides of the Yuma River, not only turning a blind eye, but even severely suppressing the voices that resisted Dawn Paper, whether it was petitioning or collective sit-ins.

As long as Jinshan City obediences the public opinion, it can provide an excellent boost for Kumho's acquisition of Dawn Paper.

In early March, the International Organization for Economic Cooperation and Development (OECD) issued a report pointing out that despite the financial crisis in Asia, the total amount of financing in the international capital market exceeded $1.7 trillion in '97, a record high. At the same time, the U.S. Department of Commerce announced that the U.S. economy grew by 3.8 percent, the largest growth rate in the past nine years. All the signs do not seem to be enough to show that the global economy is worried about being dragged down by the Asian financial crisis, and the financial markets of Asian countries and regions have begun to rise in a seemingly restorative manner after a sharp decline for more than half a year, Hong Kong's Hang Seng Index has also rebounded from a low of less than 9,000 points, and fears of a decline in the performance of listed companies have been masked by a false recovery boom, and trading volumes have continued to rise.

In this case, the Schwab Group could not judge how strong Kumho was in sniping at Charles Schwab Electronics, and they could only increase their stake in Charles Schwab Electronics according to the established defense strategy, increasing the holding ratio of Charles Schwab Electronics to a relatively safe value, but consuming a large amount of cash in the Charles Schwab Group.

In the next half month or so, the Ninth Session of the National People's Congress (NPC) held in Beijing became the focus of attention of the whole country and even the world. The premier, vice premiers, state councilors, and ministers of the new government were all elected at this meeting, and Zhao Jidong became the premier of the new government and presided over the work of the central government.

In view of the current situation of the Asian financial crisis, the two sessions put forward the economic target of "ensuring that the economic development rate of this year should reach 8 percent, the inflation rate should be less than 3 percent, and the renminbi would not depreciate." The measures that are matched by this economic target are macroeconomic adjustment measures such as strengthening infrastructure construction in the areas of railways, highways, farmland and water conservancy, municipal administration, and environmental protection, strengthening the construction of high-tech industries, and strengthening the technological transformation of existing enterprises, so as to stimulate the continued strong growth of the economy.

Nothing is more relevant to the general public and felt more profoundly than the reform of the housing system and the medical system proposed at this meeting.

The reform of the housing system has been in the making for three years, and the current policy of subdividing housing for welfare has been changed to a monetized and commercialized housing policy, so as to promote housing construction as a new growth point of the economy. Although the two sessions did not explicitly put forward the real estate industry as a pillar industry of the national economy, the proposal of housing system reform alone is enough to make real estate developers across the country rejoice.

After Shao Zhigang and Zhang Zhifei learned about the relevant news, they even planned to hold a banquet, hoping to encourage Jianye City to follow the central government to formulate a detailed policy on abolishing welfare housing, so as to completely push the housing needs of a large number of urban workers to the market, and nearly half of the commercial residential projects in the business district on the east bank of Yangui Lake will directly benefit from this policy.

Zhang Ke has long expected this, and there is no good or bad opinion on this, but when the real estate in various regions can directly benefit from the reform of the housing system depends on when the local government actively adopts supporting policies and measures to promote the reform of the housing system for local urban workers.

In addition, the Ninth National People's Congress also adopted a plan for the reform of central government institutions, which reduced the number of ministries and commissions by as many as 11 at once, and set up the Ministry of Information Industry on the basis of the Ministry of Electronics Industry and the telecommunications department of the Ministry of Posts and Telecommunications.

Although the information on the formation of Huaxia Electronic Information Industry Group was not publicly disclosed this time, Geng Chongyang hinted at relevant information in his speech on the separation of government and enterprise in the telecommunications sector at the press conference of the new minister, and the relevant requirements put forward by the central government to strengthen the development of high-tech industries and strengthen the status of state-owned assets in the core industries, the formation of Huaxia Electronic Information Industry Group has been unavoidable.