Chapter 778 Zhongxing Capital
For those who are well versed in the domestic road and bridge insiders, just making a fuss about road and bridge toll projects is just a small matter. They value the value of road and bridge projects as collateral. Because the highway road and bridge projects were previously funded by the state, they are still regarded as high-quality assets with low risks and high returns even after being "private".
The construction of "Jinqiao Yin Road" can not only obtain construction profits, but also the key is to leverage huge investment funds for bank loans and social security funds. During the construction cycle of up to several years, traders can greatly inflate construction projects and inventory, and withdraw construction funds to achieve foreign investment. Then, use the two financing channels of bank loans and social security funds in hand, which are open and secret, to greatly increase the leverage ratio of enterprises and achieve explosive growth of enterprises. Many road and bridge bosses can leap from millions of dollars in a few years to big bosses with a net worth of tens of billions of dollars, among which "making money out of nothing" is indispensable.
This kind of interest relationship naturally requires a big pen to transfer tens of billions of social security funds. The social security director is just a small role and wants to hide it from the truth. The State-owned Assets Supervision and Administration Commission, district leaders, even the mayor's secretary and the mayor himself need to be in place. These bosses themselves are mostly shopping mall tycoons controlled by powerful capital, with a strong political color. In this way, the interests of the official and businessmen are entangled and make a fortune together. If you make money into your own pocket, you will lose money by using the social security funds paid by the people. It is really profitable and rich. In the eyes of both officials and businessmen, the social security funds are lying on the account, and it is useless to use them. It is really free and free to spend it without any psychological burden!
After hearing Yang Xing's detailed explanation of the specific situation of the large-scale misappropriation of social security funds, Wen Rengui's face turned pale and was really unbelievable. It was not a one-day effort to solve the officialdom. He was mentally prepared, but these people were unscrupulous and bold. They were so bold that they had to put the abacus on the social security "life-saving money" that the central government ordered repeatedly not to act rashly, which was indeed beyond his imagination.
Recently, there have been many doubts in the outside world, suspecting that China's social security account is empty and cannot guarantee the people's need for retirement medical treatment. The public is also talking about this. At this time, if such a major case is not investigated, it will seriously overdraw the government's credibility. This is not a trivial matter. Many regimes collapse, which often means that the people have lost confidence in the government. He will definitely not allow such bad things that seriously shake the foundation of the ruling recurrence. Therefore, when he met Yang Xing with Chief No. 1, he gave only one answer: "Check, check it to the end!"
In May 2005, the central government, which received a "secret" report, sent dozens of investigation teams to various places to investigate the problems existing in large-scale projects such as housing, road and bridge infrastructure, and contacted the newly issued "Eight National Articles". The suppression of the real estate market that is in a feverish way was obvious. As the investigation deepened, many officials cleaned up bribes in real estate development and purchased multiple houses under various names, and the serious inconsistency between income and property emerged one by one.
Under the deterrence of the first and second leaders of the Ministry of Housing and Urban-Rural Development's consecutive resignation, the national real estate information networking plan, which has been obstructed, was quickly passed. The Commission for Discipline Inspection and the State Anti-Corruption Bureau jointly intervened in its construction and supervision and management system. This "real estate storm" caused a frenzy of officials selling their properties at hand in the market, and the cooperation with policies greatly suppressed the rapid rise in housing prices. Economists who were worried about the expansion of the domestic housing market bubble were overjoyed, and gave great praise to the central government's determination to fight corruption and the timing of the policy introduction.
Before the "real estate storm" was over, a "social security tornado" soon broke out on the flat ground in Shanghai. In early June, the central government's 100-person investigation team went to Shanghai and Jiangsu and Zhejiang to collect evidence and investigated, and a large amount of social security funds were lost. A gray chain of interests derived from this was clearly investigated. Shanghai, along with many officials of various surrounding provinces related to "Jinqiao and Silver Road", were implicated, dismissed from office and imprisoned, and the Jiangnan officialdom was severely quake. Among them, many senior officials involved in the case were dismissed. What was particularly shocking was that Mayor Liang, who had just taken office, was also listed. The inside story of the case released later caused a huge uproar in the country. The social security system underwent a major change in response to the accusations and repaired the situation.
The so-called "Shanghai Gang" system was the so-called "Shanghai Gang" system. It is said that it is only 60 years old. The Buddha behind the scenes who is regarded as the grandfather of the people also left the central decision-making circle on the grounds of "reparing for illness" and entered the hospital for "rehabilitation". A year later, "due to treatment" passed away. Whether it is depressed or committed suicide due to crimes is unknown, it is no longer important. Yang Xing's biggest opponent in China collapsed and the key is to fail to recover. Although the news that Yang Xing was involved in it was circulated in the top leaders of the domestic political arena for a long time, after this battle, there were few people left in China who had ideas about Yang Xing and Zhongxing Group, and no one dared to provoke this dangerous person casually.
At this time, Yang Xing had turned his attention to foreign countries. Revenge on domestic opponents was only the first step in his revenge plan. Situ Xin and others were just politicians at best. Once the political halo behind them was destroyed, they were no more powerful than ordinary people. The country is no longer an era of political strongmen and family rule. Once a small political group sang against the major policies of the country, the end of the end was only one way to destroy. From the previous smuggling groups to the current Shanghai Gang, it was all like this.
Therefore, he directly came to the highest leader of the country, and regarded them as the pillars and swept out the "big Buddha" to the ground, fundamentally destroying their core. The little brother who was not covered by no one naturally fell and scattered. This is the cruelty of the political struggle. However, Yang Xing proposed to revenge the financial backer behind the Western power who attempted to assassinate him, but the leaders felt that the outcome was unpredictable. Yang Xing had discussed with the central government for a long time in private and promised that he would give the domestic early warning, so the central government reluctantly agreed to cooperate with his actions.
Yang Xing's revenge this time is too big. He actually wanted to use his previous life experience to ignite the global economic crisis that should have only broke out a few years later. This will not only severely hit the economic strength of Western countries, but also create conditions for China to catch up with the West, but also kill those financial consortiums that dare to kill themselves!
As for the consequences this would bring, Yang Xing was not willing to consider it at all. He didn't want to look back and forth anymore. The fire of revenge burned his chest violently. He was already very rational when he didn't send killers to chase those who brought him great harm. The peaceful national leaders talked about financial wars at least to show that they still had a last bit of soberness. He believed that his revenge was definitely not just about eliminating the enemy's **, it was too cheap for them. Didn't they rely on superior family background and money? Then they deprived them of all their proud capital, smashed their dignity, and destroyed them in despair to relieve Yang Xing's hatred.
The real estate and social security storms within China only attracted the attention of people around Japan and South Korea who have been looking for chaos in China. As a prelude to revenge, Yang Xing needed a more fierce offensive. After he fell, Zhongxing Group, the dazzling star in the international business world, seemed to have lost its light, causing many sharks to smell the smell of blood. At the end of February, a unknown international investment group, Juno Financial Investment Company, suddenly issued a malicious acquisition of Xingmei Fashion, a subsidiary of Zhongxing Group. Immediately after another international entertainment giant, the United States Poseidon Group, also issued an acquisition request to Xingguang Entertainment. For a time, Zhongxing Group seemed to be in turmoil and the building would collapse.
Fortunately, Yang Xing woke up in time. Although he was "frail" and was not in charge, he also gave the group great confidence. After he woke up, Zhaixing Tower Group marked a bright work. The next day, the group and Hong Kong stock prices rose by 10%, which is enough to prove the effect of his return to the king. By May, the domestic political storm became more and more intense, and those who were interested realized that this had something to do with Yang Xing. They were lamenting that he would not take action, but when he took action it would be storms, Yang Xing made more moves in Hong Kong to try to rescue the decline.
Yang Xing, who had been dormant for half a year, attracted warm applause from the audience as soon as he appeared at the press conference. Yang Xing looked a lot thinner, but he was in good spirits. The only regret was that there was still a large burn mark on his face, which made his already dull face even more ugly. But men in this world love talented women, and those present are more concerned about the new ideas that popped up in Yang Xing's mind rather than his face. Otherwise, the top ten supermodels in the world would not have fallen under his suit pants one after another.
Just when everyone thought that Yang Xing would improve the "poison pill plan" and chose to fight head-on with his opponent, a scene that made people lose their glasses appeared. Yang Xing first announced the suspension of the poison pill plan and welcomed fair competition to acquire shares of his own company. Then he ratified the series of decisions made by the Executive Board, and announced that the headquarters of Zhongxing Group was renamed Zhongxing Capital Holdings Group.
Capital holding companies generally refer to companies whose main business is to hold other companies. The name change of Zhongxing means that Zhongxing Capital will become more in-depth in the acquisition and acquisition field in the future, further delegate power to its subsidiaries, and generally no longer participate in direct operations. However, the continued retention of the Executive Board also means that Zhongxing Capital still reserves a veto power for any major business decisions of its subsidiaries. At the same time, the confirmation of the major personnel adjustments in the previous stage and the failure of the president Jack Welch, who is still on "leave", also made the outside world see that Yang Xing has indeed recovered completely and has kept Zhongxing firmly in his hands.
Immediately afterwards, he announced the news of two shocking venues. First, according to the previous agreement reached with the State Export-Import Bank of China, Development Bank and CICC Investment Company, several companies agreed to Zhongxing Group to mortgage Zhongxing Enterprise shares and loan US$50 billion. Second, Zhongxing Capital intends to sell some of its core company Xingfu Investment Group's assets and investment projects, planning to raise US$30 billion, and also announced that Zhongxing Capital now has US$50 billion in cash flow, and the three combined to reach a huge amount of US$130 billion! (To be continued...)
Chapter completed!