Zhao Dongsheng is very clear about the financial situation of Huangzhou City. Due to the rapid economic development in recent years, the city’s money has been spent on infrastructure construction, so where can it be invested in the Huttiaoxia Hydropower Station?

Zhao Dongsheng felt something was wrong at first, but now he finally understood that He Wei came to him to "finance" from Warwick Group, because in addition to Warwick Group, only Warwick Group can afford this money in Hedong Province.

It is said to be "financing", but in fact it is like Huangzhou Airport, which is funded by Warwick Group. As for paying back the money... Warwick Group is a municipal enterprise in Huangzhou City. It is used in the market and can be used, so where can I say that I can pay back the money?

It is not that Zhao Dongsheng does not support the project of Huttiaoxia Hydropower Station. It is obvious that after the completion of Huttiaoxia Hydropower Station, it will be of great benefit to the development of Huangzhou City. Not only Huangzhou City, but also Warwick Group. After all, Warwick Group also has many industries in Huangzhou City, which are all places where electricity is needed.

However, there are more key projects in the province and the city. If you ask for money from Warwick Group like this, then Warwick Group will be completely covered up even if there are many gold and silver. Therefore, Zhao Dongsheng of course has to complain to He Wei that the gap in such a thing cannot be opened, otherwise the consequences will be unimaginable.

Moreover, Warwick Group does not have any extra funds now. Even the money invested in "Independence Day" was squeezed out of the entire group by Zhao Dongsheng. Moreover, in the next few years, Warwick Group is in a period of rapid expansion, so where can I invest money in the Hule Leaping Gorge Hydropower Station?

"Weiguo, Governor Bai has been worried about this matter. It is not easy for such a large hydropower station project to run from the capital. Electricity supply will definitely become a difficult problem that restricts our city's economic development in the future. If it is not solved, the city's future development will be very passive."

This was the first time that He Wei saw Zhao Dongsheng complaining about money. He knew that he had some resistance, so he smiled and said to him, "When the hydropower station is built and powered, it will definitely bring huge benefits, which will also play a great role in promoting the economic development of our city."

To be honest, don’t talk about Zhao Dongsheng, if He Wei’s words would have been resistant, you should know that this is not hundreds of millions or billions, but more than 20 billion Chinese coins. No one can take it out quickly.

Besides, as the mayor of Huangzhou City, Zhao Dongsheng's immediate boss, he is quite familiar with the financial situation of Warwick Group. He knows that Warwick Group's books are not as glamorous as the outside world sees them. It is owed a lot of foreign debts, and it is indeed difficult to take out this money.

But then again, looking at companies across the country, only Warwick Group can get the money. Many people know that Warwick Group owns 70% of Will Electric Appliances' shares, and the market value of Will Electric Appliances has exceeded US$20 billion. As long as Zhao Dongsheng sells some Will Electric Appliances' shares, it is relatively easy to raise funds for the construction of the Hut Leaping Gorge Hydropower Station.

It was precisely because of this that Bai Qiuming actively operated the Huttiaoxia Hydropower Station, which solved the power consumption problems in Huangzhou City and Hedong Province, and was also a brilliant political achievement.

As He Wei said, it is not easy to approve the Huttiao Gorge Hydropower Station as large as the Huttiaoxia Hydropower Station. Bai Qiuming spent a lot of energy on this hydropower station, and for two years it has been an expert's argumentation and connections between various departments. Finally, it was finally established as a key project for economic development in Hedong Province in the State Planning Commission.

In addition to Bai Qiuming's efforts, there is another important reason why the Huttiaoxia Hydropower Station can run away, that is, the Huttiaoxia Hydropower Station is completely self-raised by Hedong Province and has not asked the state for financial allocations. Otherwise, the state will allocate funds to Hedong Province or not to other provinces?

Now the economy of the whole country is developing rapidly, and shortage of electricity consumption is inevitable in the future. Therefore, all provinces are planning how to ensure the power supply needs in the future. Once Hedong Province successfully needs to make financial allocations, other provinces will definitely follow suit. It is possible to build hydropower stations for hydropower stations, and those who cannot build hydropower stations can build thermal power stations.

He Wei attaches great importance to the project of Tiger Leaping Gorge Hydropower Station. If Warwick Group can invest, it will undoubtedly be a very important project in Huangzhou City. Not to mention the benefits it can bring to Huangzhou City's economic development. First of all, as a project where the mayor can operate such a large investment, his resume will undoubtedly add a remarkable amount.

Originally, Zhao Dongsheng thought that the Huttie Gorge Hydropower Station was a provincial project, so it was naturally funded by the province. As for where the money came from, it would be enough to use the income from the construction of the hydropower station to borrow money from the bank, so he did not pay attention to this matter.

But what Zhao Dongsheng didn't expect was that Bai Qiuming would hand over the Tiger Leaping Gorge Hydropower Station to Huangzhou City for management, which means that Huangzhou City must pay some money, otherwise why should the hydropower station be handed over to Huangzhou City? Many people in the province are staring at this area.

This also means that the Huttiaoxia Hydropower Station will give priority to ensuring the power supply in Huangzhou City. If other cities are jealous, they can raise funds to build hydropower stations on Qingliang River. After all, who will benefit from investing in water?

"Mayor, our group really can't afford so much money. You also know that these years are the time when our group spends the most money."

Since the State Planning Commission has almost approved it, the Huttiaoxia Hydropower Station must be built. Zhao Dongsheng knew that the money seemed to be settled, but it could not be taken out so easily. Otherwise, others would think that Will Electric Appliances is a hot commodity, and everyone would want to take a bite. Moreover, he would not have someone to call Will Electric Appliances, so he pondered for a moment and said to He Wei seriously:

"But since the Tiger Leaping Gorge Hydropower Station is so helpful to our city's economy, our group must do its best, but our group also has difficulties. Now the funds can be used are only Weil Electric's stocks. However, at the beginning of the year, I had already mortgaged some of the stocks to foreign banks in order to acquire Oster, and the stock price of Weil Electric is still in an overvalued stage. If it is sold now, it is likely that the outside world will take the opportunity to cash out, which will bring about many negative effects, causing unpredictable fluctuations in the stock price of Weil Electric."

"Weiguo, do you have any other way?" He Wei knew that Zhao Dongsheng was telling the facts. He had heard Zhao Dongsheng say that the stock price of Will Electric Appliances was overvalued. After hearing this, he smiled slightly and looked at Zhao Dongsheng and said, feeling that Zhao Dongsheng had a solution, otherwise he would not have said what he said just now.

"I mean to issue bonds from the Huttiaoxia Hydropower Station to the public. Our Warwick Group will be the guarantor. In this way, the funding problem can be solved." Zhao Dongsheng smiled slightly and expressed his thoughts.

"Bond?" He Wei was slightly stunned when he heard this, his eyes showed an unexpected look. He did not expect Zhao Dongsheng to think of this way to raise funds.

"The Huttiaoxia Hydropower Station will be built for at least several years. We can issue bonds once a year to raise the funds needed in the past. Now, the infrastructure in some parts of China relies on issuing bonds to raise funds, and our city can also issue bonds to raise funds." Zhao Dongsheng nodded and explained to He Wei.

"How many bonds do you think we issue in the first year, how do we determine the term and interest rate?"

The bonds Zhao Dongsheng mentioned actually refer to the government bonds incurred by local governments in order to raise funds, similar to treasury bonds. He Wei thought this method was pretty good. If Warwick Group was used as the guarantor, the market would definitely not worry about Huangzhou's repayment ability, so he asked with interest.

"In the first year, 5 billion is about the same, and the bonds are 3 years. Now the interest rate of 3-year bonds in various parts of China is around 5%. I think we can set it at 6%. In three years, Warwick Group's funds will be abundant, enough to cope with the principal and interest, and buyers can also recover the funds as soon as possible."

After thinking about it, Zhao Dongsheng expressed his thoughts to He Wei. He was more familiar with the bond situation in various parts of the country. The interest rate of 6% for a three-year bond is relatively high, which will definitely attract the interest of buyers.

Compared with bank deposits, since bonds do not have interest taxes, and in order to ensure the smooth issuance of bonds, local governments often have higher interest rates than bank deposit rates, so they can obtain higher returns, which is the most commonly used value-added method for residents in the 1990s.

"Is it our city to issue it or to entrust the province to issue it?" He Wei didn't know much about bonds. After all, he was busy with a lot of things all day long, and it was impossible to know so much about financial matters. Seeing that Zhao Dongsheng was very talkative, he asked with a smile. It was said that Zhao Dongsheng was a "lucky boy". Now it seems that this name is not false. Even when the funds of Warwick Group are so difficult, he can still come up with such a good solution to the funds.

In fact, after all, the funds for the construction of the Hut Leap Gorge Hydropower Station were still funded by Warwick Group, but Warwick Group is not at hand now and is raising funds from the outside world.

"If the province issues, then the province will definitely charge our handling fee. If the province takes a ride and issues bonds to the outside world with our city, we will lose a lot by then." Zhao Dongsheng heard this and said to He Wei with a smile, "I think as long as the province agrees, our city's commercial bank can operate this matter, which can be considered a support for our city's financial industry."

The unit for issuing bonds is a bank. Local bonds can be issued with national banks or through local banks. Generally speaking, if you choose a national bank to issue them, the coverage will be wider and the funds will be recovered faster. However, handling fees and management fees must be collected from them. Although local banks have limited coverage, the related fees are low and easier to communicate.

Among them, local banks are divided into provincial banks and municipal banks. The coverage of provincial banks is of course wider than that of municipal banks. Generally speaking, the provincial government issues local bonds. Except for some prefecture-level cities with strong economic strength in the south, few municipal governments issue bonds.

The Hedong Provincial Government is also short of money now. If Huangzhou City entrusts the province to issue it, then the province will likely take this opportunity to increase the scale of Huangzhou City's bonds. For example, Huangzhou City originally wanted to issue 5 billion yuan, but the provincial government issued another 5 billion yuan and added 10 billion yuan.

Of course, the extra 5 billion will belong to the provincial government, and as for repaying the money, it depends on Warwick Group. Warwick Group is not only a company in Huangzhou City, but also a company in the province. Faced with such a result, it is hard to say even Huangzhou City. Who made Warwick Group rich? Could it be that Zhao Dongsheng wants to cry for poverty in the provincial government!

"Then let the city's commercial bank do this!" He Wei thought of this, so he smiled and nodded. Zhao Dongsheng's concern was not an unfair worry. If he entrusts the province, the province will most likely take a ride. By then, Huangzhou City will only have a dumb portion of the coptis chilli.

"Mayor, the matter of the Huttiao Gorge Hydropower Station this time has made our group stolen. If there is another project, then I, the general manager, can't do it." Although the funding problem of the Huttiao Gorge Hydropower Station was solved, Zhao Dongsheng did not want to fall into this passive situation again, so he looked at He Wei with a depressed look on his face.

Zhao Dongsheng raised funds for Bai Qiuming this time, so if other vice governors also spoke, should he raise money or not? No matter what, those leaders of the provincial government are all his superiors. Now that Warwick Group is famous, it is difficult for him to refuse, so what he can do now is how to create profits from it so as not to be a "snatcher".

"Governor Bai said that Warwick Group is an enterprise after all, and it must follow market rules and will not let Warwick Group suffer losses. After the Hule Leaping Gorge Hydropower Station is completed, your Warwick Group will account for 50% of the shares."
Chapter completed!