1994 was an important year in the history of China's reform, and a far-reaching tax reform kicked off in China. The implementation of the pen, fun, and cabinet www.biquge.info tax-sharing system has greatly changed China's fiscal order and revitalized the central government's finances.

After the implementation of the reform of the tax-sharing system, China has established a basic institutional framework for the relationship between the central and local governments in the distribution of finances under the conditions of a market economy.

However, this distribution ratio has made the ratio of tax revenue and power of local governments increasingly incompatible, and the importance of land as a commodity has begun to become more apparent in the eyes of local governments that lack funds.

In the face of such a situation, local governments have accelerated the promotion of the land transfer system, and land has begun to become an important means for the government to make money, attract investment, and attract investment.

In 1995, the proportion of land sold in the province's land supply increased from 20 percent in the previous year to about 40 percent. The province transferred 5,670 pieces of land, covering an area of 2,879 hectares, with a total contract price of 1.5 billion yuan, of which the net income of land was nearly 500 million yuan, and the total amount of land use right transfer, lease and mortgage was 770 million yuan, which greatly alleviated the financial difficulties of local governments.

The local government gradually tasted the sweetness of land transfer, and gradually reduced the free allocation of land, mainly selling it at auction.

In 96, a spring breeze of reform in Xinhu quickly blew throughout Donghai Province. Wise people in the Donghai provincial government saw the huge development value of the land market through East Lake, and on April 1 issued a new land regulation that would reduce or stop the free allocation of land throughout the province.

As soon as the new land regulations came out, Haohai quickly became the headline of the whole country, from 95 years to the present, Haohai Group has obtained more than 200 square kilometers of land for free in the entire Xinhu City, of which Xinhu New Town accounts for nearly 200 square kilometers, and it is also a permanent land procedure.

Although the average land auction price in Donghai Province in 95 years was 3,000 yuan per mu, the lowest land price listed in Xinhu City was 100,000 yuan per mu for industrial land and 2 million to 6 million yuan per mu for commercial land.

According to the price of Xinhu City, the price of each mu of land is estimated to exceed 6 million yuan, so the assets of Haohai Real Estate will be an astronomical amount.

If the number is very big, it will make everyone envious, if the number becomes astronomical, it will be a joke, in the face of so much land owned by Haohai, no one in the country is envious, because everyone is waiting to see the joke burst, they do not sympathize with Haohai but sympathize with Haohai Construction, sympathize with Saudi Arabia's $20 billion funds, they are all waiting to see the day when the bubble bursts.

It's not for no reason that they think so, but since 96 years, no land in Xinhu City has been successfully sold, and no matter how big the pie painting is, it's just a bubble.

In the face of such a situation, Donghai Province is not in a hurry, because no matter what the result is, it is a result, that is, the meat is rotten in the pot, the land cannot be taken away, and only success and failure are taken away.

Of course, the country is not in a hurry, because the funds from the Middle East have already entered the account of Haohai Construction, and so much capital inflow is a big boost to the national economy of China.

Xinhu City has just received 50 billion yuan of national financial support, so for Xinhu, there is no urgency, and there will be no panic when you have money in your hands.

On the same day as 1 April, the Donghai Provincial Government decided to allocate several townships and towns near the coastal periphery of Xinhu City to Xinhu City, thus increasing the area of Xinhu City by several hundred square kilometers and the straight-line length of the coastline to 50 kilometers.

On this day, Xinhu City allocated all the land within one kilometer of the coast to Haohai Real Estate free of charge, and Haohai Real Estate promised to reclaim 80 square kilometers of land along the coastline and build the coastline of Xinhu City into a straight line. At the same time, the city government agreed that the rest of the land could be stored indefinitely, except for part of the southern section of the coast to be built into a port wharf.

On April 8, Haohai Group issued five-year corporate bonds with a scale of 20 billion US dollars in Europe and the United States through investment banks such as Goldman Sachs, Morgan ~ Stanley and other investment banks, with an annual coupon rate of only 3 percent, and 60% of the matrix technology stocks held by Haohai Group as collateral.

The $20 billion corporate bond is the largest in the world's history, and many people think it is a bit ridiculous, but to everyone's surprise, all the corporate bonds issued by Haohai Group were subscribed out in one day.

What's even more unexpected is that the largest buyer is Microsoft, Microsoft alone subscribed for $12 billion in bonds, the second is Buffett's $3 billion, and the third place is what everyone didn't expect, he is Soros, the chairman of the Quantum Fund, who bought $1 billion, and the remaining bonds were jointly subscribed by dozens of institutions around the world.

In 96, the Internet spring in the United States has been blowing, and in April, the NASDAQ index began to show a big bull market, Microsoft's market value at this time has reached 320 billion US dollars, even the market value of Yahoo, which is no longer optimistic, has exceeded 1 billion US dollars, and the market value of Netscape has exceeded 8 billion US dollars.

Not to mention the valuation of Matrix Technology, the valuation of 360 companies has exceeded 35 billion US dollars, with the introduction of strong national support policies, 360 companies have been continuously optimistic about countless institutions around the world, and everyone believes that when 360 is listed, it will break the valuation record and financing record of NASDAQ technology stocks.

The biggest and best counterattack to skepticism is money, which is more convincing than any words. 20 billion US dollars is definitely a huge amount of money for China in the early stage of reform, and for the country, this is not just money, but the intangible value brought by Huaxia enterprises in the world that caused a sensation.

With money, with the country, with the support of the government, everything is simple, almost all the requirements of Haohai have been given the green light, to paraphrase, as long as you dare to do it, we dare to approve.

Counterattacks came one after another, and Huawei, which had been silent for a long time, suddenly announced that it had spent one billion yuan to buy 10,000 acres of industrial land in Guangguang County, Xinhu City.

The consortium of enterprises in the United States, Japan and Singapore announced that each company will purchase 100,000 acres of land in the East Lake Development Zone to build an industrial park, and at least 3,000 foreign-funded small and medium-sized enterprises will move in within 10 years after the completion of the industrial park.

The East Lake Development Zone, which has a total planning of only 500,000 mu of land reserves, has a shortage of 300,000 mu of industrial land reserves, and the remaining 200,000 mu of land is only about 100,000 mu of available land in addition to supporting planning.

The East Lake Development Zone has reformulated the investment criteria, and from April 15, the development zone will no longer accept enterprises with an investment amount of less than 100 million yuan.

Countless enterprises that were ready to invest were dumbfounded, and for a while, countless enterprises across the country that had investment intentions before or had no investment intentions at all before were pouring into Xinhu, and the land that no one cared about became fragrant and sweet in an instant, and even the land allocation in various villages that had not yet been planned was also made up of ideas. (To be continued.) )