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Chapter 355 Provincial Support

"Governor, I used to sign an agreement with Bill, general manager of Tiandi Finance Company. If he could achieve the company's established performance, he would give 30% of the share to his team, that is, all the employees of Tiandi Finance." Zhao Dongsheng did not deny it and explained to Gong Qingmin.

"Are those rewards too many?" Gong Qingmin pondered for a moment, then looked at Zhao Dongsheng, "Sixty million US dollars, converted into Chinese currency, is nearly 500 million."

"Although we lost 60 million US dollars, we have added 140 million US dollars, which can be said to be a very cost-effective business." Zhao Dongsheng smiled slightly when he heard this and said to Gong Qingmin, "So, compared with the value they created, these rewards are completely worthy. This is also a reward method commonly used in the international financial field to motivate employees and attract talents."

"Yes, more work is more rewarding. If they can create such great value, they should naturally have corresponding returns."

Gong Qingmin nodded, agreed with Zhao Dongsheng's point of view, and then said to Zhao Dongsheng with a smile, "But some people have not yet relaxed their minds, and they are staring at the interests in front of them, believing that your approach has led to the loss of state-owned assets, but in my opinion it is completely a pure business behavior!"

It turned out that some people in China knew about the dividends of 60 million US dollars by employees of Tiandi Finance Company. They couldn't figure out why they had to share such a large sum of money, and most of the money was foreigners.

So someone wrote a letter to the Hedong Provincial Government, believing that Tiandi Financial Company's practice is suspected of encroaching state-owned assets, and hoped that the Hedong Provincial Government could come forward to take care of it. Some people also questioned that there might be a slight incident in this.

The letters came from many provinces and cities across the country. The General Office of the Hedong Provincial Government did not pay attention to this matter. In the past two weeks, they received twenty or thirty letters, so they were transferred to the governor's office and went to Gong Qingmin's desk.

Gong Qingmin didn't know that Tiandi Financial Company had divided the $60 million, so he wanted to talk to Zhao Dongsheng to see what he thought. After all, Zhao Dongsheng is the main housekeeper of Warwick Group, and this policy of dividing money must have been approved by Zhao Dongsheng.

"It's not their fault. This is also everyone's concern for our Warwick Group. After all, this is $60 million, not a small number."

Zhao Dongsheng laughed and said disrespectfully. After all, those who wrote the letter were good for Warwick Group. Then he thought of something and looked at Gong Qingmin with a smile, "Governor, I think this is still the case. It is better to spend this policy of Tiandi Finance Company at the meeting, so as not to have trouble in the future."

"You should ask it at the meeting in the afternoon." Gong Qingmin felt that what Zhao Dongsheng said made sense. It would be better to be more stable about this matter, so he agreed with Zhao Dongsheng's approach.

"Thank you, Governor." Zhao Dongsheng replied with a smile. He didn't want to take Tiandi Financial Company's affairs to the governor's office meeting to say that after all, this matter has not reached the level of discussion at the meeting, but he must prepare for the future and make plans early.

Because once Bill spends $7 billion to participate in the short-selling baht, he will definitely get greater returns and will get richer dividends at that time, which will definitely be more than $60 million.

So Zhao Dongsheng had to solve the policy problem. Governor Gong Qingmin asked him to talk to him for $60 million. If the dividends were over 100 million, he might be "invited" to take the capital for coffee.

Judging from the current situation, the profits that Bill and others earned after completing this "business" in Southeast Asia are definitely more than US$100 million. Zhao Dongsheng doesn't want to cause trouble for himself, so he solved this hidden danger first.

"Governor, I think there is something I'd better report to you first." Since we talked about Tiandi Finance Company, Zhao Dongsheng was fortunately solved everything at once, and then told Gong Qingmin about Soros's actions on Thai finance:

"When I was in Haidu, I received a report from Bill, general manager of Tiandi Finance Company. The economic situation in Southeast Asian countries has been overheated in recent years and a big economic bubble has occurred. Now there is news that the international financial investment tycoon Soros is taking the lead in shorting the Thai baht. Bill feels that Thailand is likely to be unable to hold on to the Thai baht, so he wants to follow Soros to snipe the Thai baht. I think Bill's analysis is reasonable, but this matter may involve a $7 billion investment from Warwick Group, so he wants the governor to check it before this."

"7 billion?" Gong Qingmin was surprised when he heard this. Although he was a little confused about how to make a profit from the sniping baht, as far as he knew, Warwick Group seemed to be unable to make such a large sum of money now. Including the money he had cashed out of Blackstone Electronics some time ago, it would not exceed 4 billion at most.

"That's right. After Sky Computer Company goes public on Wall Street, the income it gets is likely to be greater than that of Blackstone Electronics. I'll also count its money." Seeing this, Zhao Dongsheng explained to Gong Qingmin with a smile.

7 billion US dollars is a huge sum of money. Since Warwick Group is now a provincial enterprise, theoretically speaking, the money belongs to the Hedong Provincial Government. Therefore, if Zhao Dongsheng wants to use it, he must report it to the province in terms of emotion and reason. This is a very necessary procedure.

Otherwise, even if Bill makes a lot of profit from this Asian financial crisis, Zhao Dongsheng's behavior of taking action first and then reporting will definitely be criticized by people and is regarded as unorganized and undisciplined, which is definitely not what he is willing to see.

Moreover, Zhao Dongsheng believes that as long as he reports, the province will agree even if he has any concerns. After all, he is the helm of Warwick Group and a professional in this field, so the province will respect his opinions.

Since Gong Qingmin was not clear about Soros' attack on the Southeast Asian financial community, Zhao Dongsheng briefly explained to him. Taking Thailand as an example, Soros first borrowed a large amount of Thai baht from the bank, and then concentratedly sold the Thai baht with other fund managers, causing the Thai baht to depreciate.

At this time, Soros bought the depreciated baht and returned it to the bank, thus earning a considerable difference from it.

Since Thailand's foreign exchange reserves are insufficient, with only more than 20 billion US dollars and the foreign exchange mechanism is not perfect, it is impossible to deal with the attacks of so many international speculators, and the financial market is likely to collapse, which makes those international speculators profit from it.

"Is there a great risk to do this?" Gong Qingmin listened to Zhao Dongsheng's explanation and had a rough understanding of how to short the Thai baht. He frowned and pondered for a moment, and looked at Zhao Dongsheng with a serious expression. If those international speculators defeated the Thai government's counterattack, they would undoubtedly lose a lot of money.

"Financial investment is high risks, which will bring high returns. Based on the current economic situation in Southeast Asia and the strength of international speculators, the Thai government is likely to be unable to resist the financial offensive of international speculators." Zhao Dongsheng knew that Gong Qingmin was worried, after all, it was a US$7 billion investment. If something went wrong, the consequences would be very serious, so he answered solemnly.

"High risk, high return." Gong Qingmin nodded with a serious expression when he heard this, then raised his eyebrows and looked at Zhao Dongsheng with a smile, "Xiao Zhao, you are an expert. If Tiandi Finance also joins the ranks of sniping baht, how likely do you think is the success?"

"At least 80%!" Hearing this, Zhao Dongsheng knew that Gong Qingmin was considering whether to support the $7 billion to take risks, so he thought about it and said in a deep voice.

Gong Qingmin can have three attitudes about this matter, one is to support and the other is to oppose it, and the third is to not express an opinion. What Zhao Dongsheng wants to do now is that Gong Qingmin does not object, so that he can implement this plan.

"Since that's the case, then I support your investment." Gong Qingmin saw that Zhao Dongsheng was full of confidence, so he made a decision after pondering for a moment and looked at Zhao Dongsheng with a smile, "This matter is related to commercial secrets. Don't go to the meeting in the afternoon. The smaller the range of knowledge, the better. Tomorrow we will find time to report to Secretary Li and let Secretary Li check it in the end.

Although Gong Qingmin knew there were great risks, he still chose to trust Zhao Dongsheng. After all, Zhao Dongsheng's investment has never failed once, and once the investment is successful, the returns he received will undoubtedly be very generous.

"Thank you for your support." Zhao Dongsheng laughed and hurriedly thanked Gong Qingmin, which means that once the investment fails, Gong Qingmin will assume leadership responsibilities.

At the Governor's Office Meeting in the afternoon, Zhao Dongsheng proposed the policy of 30% dividends of Tiandi Finance Company, introduced it to all the vice governors present, and briefly explained the pattern of the international financial industry, saying that the policy of 30% dividends of Tiandi Finance Company is a regular welfare benefit in the international financial industry, with the purpose of motivating employees and recruiting talents, and is proportional to the economic value generated by the employees of Tiandi Finance Company.

After Zhao Dongsheng's explanation and Gong Qingmin's support, the Governor's Office unanimously passed the vote and formally established this welfare policy of Tiandi Finance Company, which laid a solid policy foundation for the huge dividends of Tiandi Finance Company employees at the end of the year.

The next morning, Zhao Dongsheng followed Gong Qingmin to find Li Dajun, secretary of the provincial party committee, and reported to him about the $7 billion investment.

Like Gong Qingmin, Li Dajun was also shocked after hearing this. After understanding the details, he felt that although things were risky, they were more of opportunities and had great potential.

Afterwards, Li Dajun held a secretary's office meeting and invited several deputy secretaries of the provincial party committee to discuss this matter together. After all, the investment was too big, and it was difficult for him to make a decision alone, so he would go through normal procedures. I would like to discuss it at the meeting to listen to everyone's opinions, brainstorm, and finally form a resolution that is more secure, so it will save someone from making trouble for this matter in the future.

In addition to Governor Gong Qingmin, the deputy secretary of the Hedong Provincial Party Committee also has the Provincial Commission for Discipline Inspection, the Provincial Political and Legal Affairs Committee Secretary, the Provincial Organization Minister and Executive Vice Governor, and Zhao Dongsheng and the Provincial Party Committee Secretary General who attended the meeting, the number reached eight, while the Hedong Provincial Party Committee Standing Committee member and Zhao Dongsheng were only fourteen, which had more than half.

Therefore, as long as the secretary's office meeting can reach an agreement, it will inevitably be approved at the Standing Committee of the Hedong Provincial Party Committee.

The reason why Li Dajun held a secretary's office meeting rather than a provincial party committee standing committee was because he did not want the matter of Warwick Group up to $7 billion to be leaked, so he kept the matter within a small range.
Chapter completed!
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