Rebirth of Minister Qi

Chapter 181 Talking about the details

“But the most important thing is technology.”

Jin Xinkai has already started discussing the details, which means he has accepted the proposal.

"Well, come over this afternoon. I'll have Peng Pai come over at two o'clock to discuss it together."

Qi Tongwei seemed to have thought of something and spoke again.

“Oh yeah, I have another idea.

If we want to achieve separation of government and business, we should set up a district-level enterprise investment management committee.

By giving this management committee full powers, we will take the initiative to invest in enterprises that settle in the high-tech zone, with the aim of not interfering or restricting them.

However, supervision is required, and because the government is one of the shareholders, it should be given preferential government policies, taxation, and so on.

For some potential enterprises, we may be able to take the initiative to invest and hold a portion of the shares, and then let them buy back and exit after a certain period of time. Some enterprises can be firmly controlled in our hands.

Of course, the main body is still private enterprises, and this remains unchanged.

For example, if we only invest in Pengpai Equipment and do nothing, if their former employer wants to cause trouble for them, we have to take it into consideration. Now they have become a state-owned enterprise, but the form is different from the previous state-owned enterprises.

Aren’t their shareholders’ meeting composed of all the employees? We can inject capital into their shareholders’ meeting in the name of the Investment Management Committee, become a shareholder, and vote by raising our hands like them.

But they no longer give orders like before, and let their management do the work.

If the management is not doing a good job, hold a shareholders' meeting to elect new people.

This system is actually a Western one, but I personally think that we need this model at the moment to free up state-owned enterprises and allow them to gain competitiveness.”

Jin Xinkai thought about it and still felt that it was inappropriate.

“I have read the guidance documents from above, and this model does not conform to the guiding policy of separation of government and business.

What you mean is that state-owned capital is a shareholder, but the operation is still in a private model, like in foreign countries, with power being given to management as much as possible.

As a supervisory body, the board of directors does not usually interfere in everything like the state-owned enterprises did in the past, managing personnel, spending, and business direction.

Those things are basically all handed over to the management, and only major matters are approved by the board of directors and then implemented by the general manager, right?"

Qi Tongwei was a little surprised. Jin Xinkai knew a lot. Although this model had been implemented in the West for a long time, most domestic officials were still stuck in the planned economy mindset. He thought about how to explain this model for a long time, but he didn't expect Jin Xinkai to understand it so quickly. It seemed that he had underestimated the heroes of the world.

“Don’t use that expression, I’m not some old fogey who has never been to school.

I also graduated from a reputable university, and I have studied a lot of economic cases. My thesis was about how to learn from the Western approach to reorganize state-owned enterprises.

I have certainly thought about these things.

But what you just said is not acceptable. The policy above will not pass. Besides, our state-owned enterprises directly controlled by the state may encounter obstacles when doing foreign trade business, and the tariff trade agreement is not fully open to us. "

"What should I do?"

“There are policies from above and countermeasures from below. We can set up a district-owned investment company and use the investment company to hold shares, which adds an extra layer of skin in the middle.

The above policy can play a marginal ball. For those foreign customers, if the direct shareholder is not the government, then it is not a government-run red-top enterprise, but just an ordinary private enterprise. "

Qi Tongwei was stunned. Wasn't this whole model exactly the urban investment of later generations? For example, Yulan City in the central province established Yulan Investment Company more than ten years later. It successfully built several leading display screen companies and invested in many successful private enterprises. The dividends from this aspect alone accounted for more than half of the land finance.

It seems that professional matters should be left to professionals, and Qi Tongwei has already come up with a suitable solution.

"Brother, let's do this. We can't miss the opportunity. If we don't catch the east wind of reform and opening up, it will become more and more difficult to develop industries in the future.

I suggest that we do as you say. We first set up a district assets committee, and then use the committee to manage the district investment company.

You can appropriately invite the city to invest in an investment company and give it a bigger name. Dongou Venture Capital is a good example.

Then the investment company can invest in private enterprises with development potential, such as a truck factory, where it can hold a controlling stake and invite managers to be minority shareholders. As long as the performance is good, they will be given equity incentives.

As for other high-tech zone enterprises, as long as they have been assessed to have investment potential, we will set a standard and invest one million or two million to acquire a portion of the shares.

Set up an exit mechanism over several years and let them buy back the shares at a higher price based on the company's performance.

If the development is really promising, the founders will definitely be motivated to buy back at a high price.

If the development is not satisfactory, we can also organize mergers and acquisitions to acquire useful assets, technologies, etc. ”

Qi Tongwei spoke incessantly, and Jin Xinkai listened more and more attentively. He didn't know that Qi Tongwei had this skill. In terms of politics and law, Qi Tongwei is indeed a talent, but in economics, he can also make people shine.

The two discussed for more than an hour, making many revisions to the report, and the ashtray on the table was filled with Huazi's cigarette butts, until Secretary Wu knocked on the door and came in.

"District head, I have a meeting with Deputy Director Gao of the Municipal Organization Department in five minutes. They will be here soon."

This sentence interrupted the conversation between the two.

“Brother, go ahead, I think it’s good to do what we just proposed.

You will personally serve as the director of this committee and chairman of the investment company, and you should grasp the rhythm of investment in the early stages.

Once things are on track and we have the right people, I will resign from the part-time job and make it clear that this committee is under the charge of the district mayor.

As long as this is done well, our district will not lack financial revenue. ”

What Qi Tongwei didn't say was that he really didn't want to start the huge pit of land finance. Land finance is addictive for local governments. Everyone knows that it is drinking poison to quench thirst, but they can't help but take the money. In the end, the burden falls on the people.

Furthermore, asking the city to invest in the investment company in advance is also an advance layout. If Jin Xinkai successfully becomes a member of the Municipal Party Committee and Secretary of the Jiangbei New District Party Committee in the city's term change one year later, the platform at that time will be the entire city, not just Jiangbei New District or High-tech Zone, and he will be able to directly control the investment company in the name of the city.

The reason why it was proposed that Jin Xinkai himself serve as the director and chairman of the investment company is because the credit may be a bit too great. He cannot take it all on himself, and it is impossible to let others take it on. It is better to let the elder brother take on the credit himself. When the time comes, those part-time jobs will definitely come to him, and it will not be difficult to get a share of the pie.

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