Chapter 740: China Trusts the Chinese II

"I still have to open my eyes to the world, studying abroad has really taught me a lot!" Cheng Bin said with emotion.

"Over the past few years, there has been a lot of coverage of Temasek's model in newspapers, magazines and on TV!" Wang Weidong said.

A smile appeared on the corner of Cheng Bin's mouth, of course these bosses would be interested in such news reports!

Temasek is a 100 per cent owned company by the Ministry of Finance of the island nation of Malacca, and although the company has only US$20 billion in assets, it has played a leading role in the country's economy through its shareholding in many companies, and has grown through decades of development.

In this way, several companies in Singapore, including Temasek, control more than 50 percent of the country's economy, and maintain and increase its value.

This is precisely the goal of the reform of state-owned enterprises pursued by our country, and the state-owned component may account for 5 percent and 10 percent of the entire joint-stock company, but through the pyramid structure, the entire company can be controlled, and the value can be maintained and increased.

But to achieve such a goal, it will require the cooperation of a large number of private entrepreneurs like Wang Weidong, which is why people like Wang Weidong are also interested in the Temasek model.

"The reform of state-owned enterprises is a major issue related to national security, stability and people's well-being, and the Temasek model is a good model for reference." Cheng Bin replied.

Wang Weidong slandered Cheng Bin in his heart.

For my happiness, I should make you happy first.

"We welcome the entry of state-owned capital, which enjoys all the rights of shareholders in accordance with the modern enterprise system, so that state investment can benefit." Wang Weidong said.

"The entry of state-owned assets is not only to obtain capital gains, but also to grasp the direction of the enterprise, so that the enterprise can develop in the direction that is conducive to the needs of the country, and can not act in a disorderly manner for the sake of interests, in addition to the original three meetings of the limited liability company, the party committee must be added!" Cheng Bin said.

There are three committees in a company limited by shares, that is, the shareholders' meeting, the board of directors and the board of supervisors, and the management.

According to Cheng Bin, there is now an additional party committee.

In state-owned enterprises, the leaders of the enterprises are all party members, so the party committee and the shareholders' meeting, the board of directors and the board of supervisors almost overlap, and the party committee can completely do all the work of the other three committees and one layer.

However, the establishment of party committees in private enterprises immediately excluded people like Wang Weidong, Song Yuou, and Ou Xiaoyang who were not party members.

"Of course, the party committee doesn't have to take care of everything, it mainly cares about three major issues! Other matters can be decided by the board of directors. Cheng Bin explained.

The statement of three major and one big was put forward this year, that is, in 2010, that is, the arrangement of major events, the appointment and dismissal of important cadres, the investment in major projects and the use of large funds must be passed through the party committee.

"There must be a line for major things, right? What kind of behavior is significant? Wang Weidong asked.

"The appointment, dismissal, and investment of more than 50 million yuan in cadres above the middle level are considered significant. For example, I heard that you have set up a new R&D center in the United States, with an investment of hundreds of millions of dollars, which is considered significant. Cheng Bin said.

It seems that Cheng Bin thought that this R&D center was invested by Wang Weidong and them in the name of Xiangyang Group, but he didn't know that this R&D center was funded by Wang Weidong, Song Yuou and Xiaoyang themselves, and it had nothing to do with Xiangyang Group in terms of equity.

Wang Weidong didn't explain this matter, and what he was thinking about in his head was still the problem of three meetings and one layer becoming four meetings and one layer.

"There is a pre-procedure for this, that is, the three major issues must be discussed and decided by the party committee and then submitted to the shareholders' meeting, the board of directors and the management." Cheng Bin continued to explain.

In other words, if the party committee submits it, the board of directors will not even have a chance to make a decision.

"This is to integrate the party's leadership into every aspect of corporate governance!" Cheng Bin said.

"That's fine, so that we have the helm and the navigator!" Wang Weidong said.

"This will help you Xiangyang Group to become the country's leader in the inverter market in the future, and the country will introduce policies to help the company's development, and you will have a great future in photovoltaic and wind power!" Cheng Bin said.

"I don't know when the country will start doing the pilot?" Wang Weidong asked.

The introduction of such a policy by the state must first be a pilot and then steadily promoted.

"It should be very soon, now the thinking has changed, from the management of assets to the management of capital, state-owned capital is good to say, like now there are many private enterprises in the country to borrow a large amount of money from the bank and then go abroad to buy buildings, buy teams and buy companies, if in the future their company in the country goes bankrupt, what about the bank that gives them loans? They patted their butts and left, and went abroad to enjoy their happiness. Cheng Bin said meaningfully.

"The debt ratio of our Xiangyang Group is very low among private enterprises, and this time we used our own money to set up R&D centers abroad!" Wang Weidong said.

Cheng Bin raised his head and looked at Wang Weidong in surprise, it seems that the extent of private enterprises now is beyond his imagination.

Assets are one thing, cash flow is another, many domestic bosses have almost nothing left after deducting bank liabilities, and even negative assets, they are glamorous outside in fact, relying on bank loans to survive.

However, Sunningdale Group easily came up with hundreds of millions of dollars without affecting normal production.

According to Lao Ma's theory, what is capital? Capital is a social relationship, an invisible force.

The person sitting in front of him has at least tens of billions of assets, can control hundreds of billions of assets, provide more than 50% of the IGBT in domestic household appliances, and more than 20,000 workers rely on him to get wages to eat.

If Xiangyang Group stops production, domestic household appliances will immediately be out of order, which is the root of the problem.

Now it's different from before, these bosses are in the United States today, tomorrow they may appear in Europe, and the day after tomorrow they will go to Australia, as if they are citizens of the world.

Do these people still have a country in their hearts?

On the surface, the atmosphere is harmonious, the wind is beautiful, but in fact, the two sides are not happy to talk.

However, Wang Weidong felt that today's meal was worth it.

Before parting, Wang Weidong said: "I heard you just say that the training course will be over in two months, and when it is over, I will invite you to go to Salt Lake City to play golf and skiing!" ”

"Golf is free, it's too expensive and disciplined, I would like to try skiing!" Cheng Bin said with a smile.

After Cheng Bin left, Wang Weidong said silently for a long time: "During World War II, if Germany did not have Krupp, Rheinmetall, Mercedes-Benz, BMW, and chemical giant BASF, then it would not be a mustache fart!" A small book is nothing without a company like Mitsui Mitsubishi! Germany believes in the Germans, the little book believes in the small book, and China believes in the Chinese! ”

"Now I have only discovered that after more than ten years of leaving China, I have become disconnected!" Zhao Na said.