After New Year's Day in 2001, Huaihai State-owned Assets Management Group was officially established at the Guojin Building. This is also the first time that Huaihai Province has taken the lead in pilot exploration in the reform of state-owned enterprises across the country. However, in order to avoid causing major controversy in China, there was no publication of the listing ceremony. The news was only published and broadcasted in the provincial media.

Although Xu Pei is a person who cares a lot about his political reputation, he is not sure what kind of uproar will happen when he goes abroad. What he cares more about is that after the establishment of Huaihai State-owned Assets, he promoted the start of the construction of Nanwan Lake University Town under Huaihai State-owned Assets to ensure that the construction of Nanwan Lake New District is still in the hands of the Department of Planning and Economics.

When Cui Weiping and other Hu officials showed their edge, even if the current provincial finance scale is far from being abundant, Xu Pei still agreed to the provincial finance to provide a guarantee and promote the construction of a university town without hesitation. Naturally, he had some trade-offs.

At this time, the construction of the university town was started. The total number of college students in Xucheng in 2006 will almost double the existing ones in around 2007 and expand to more than 500,000.

This will not only strengthen Huaihai Province's position in the field of higher education, but will also consolidate Huaihai Province's future economy, especially the development of high-tech industries.

The university town that will accommodate 250,000 teachers and students to study and live will not only directly promote the launch of large-scale construction of Nanwan Lake New District and promote the development of Xucheng urban area to the east; Xucheng, as a city full of universities, will inevitably expand the overall scale of universities, which will inevitably be conducive to the development of cities and related service industries.

If you take this step, as long as you do not induce a systematic financial crisis in the next three to five years, no one can shake Xu Pei's position in Huaihai Province.

Xu Pei was so anxious that Nanwan Lake University Science and Technology Park Holding Investment Group Co., Ltd., abbreviated as University Town Holdings, was also listed on the same day at Guojin Building.

Although the provincial finance was not sufficient at this time, in order to ensure that Nanwan Lake University Town could start the construction of three campuses in the first half of the year, together with each university, the first batch of 2 billion funds were allocated to inject University Town Holdings as registered capital.

University Town Holdings, as the main body of investment and construction of Nanwan Lake University Science and Technology Park, will become the core subsidiary of Huaihai State-owned Assets along with large groups such as Huaihai Coal Industry, Dongjiang Electric, Huaihai Electric, Huaihai Rongtou, Guoxin Investment, Dongjiang Real Estate, Huaihai Construction Engineering, etc.

Huaihai Construction Group, as the former leader in the engineering construction industry in the province, has been dragged down by engineering debts between state-owned enterprises in recent years. It has also been slow to intervene in Donghua's market and has developed much slower than other construction companies in the province.

Huaihai Construction, that is, the provincial construction group, not only has the development speed, but also in terms of scale. Now it is called Zhujiang Construction, Xucheng Construction, Donghua Port Construction and other large-scale construction companies in the province surpass the past.

Taking the construction of Binjiang Business District and Pengyue Modern City as an opportunity, construction groups such as Zhujiang Construction and Rongxin Construction have poured in, and Xucheng Construction and other enterprises have developed rapidly. Huaihai Construction cannot even maintain its inherent market share in Xucheng.

The water will not flow to outsiders' fields. The Nanwan Lake University Town will almost always be directly or indirectly, and the construction liabilities borne by the provincial finance will be covered by the provincial finance. It is not a problem in the procedure to designate the provincial state-owned enterprise Huaihai Construction Engineering, which has a consistent interest, to undertake the construction of the project. However, it seems that there is no problem within Huaihai State-owned Assets. The builder of the Nanwan Lake University Town must be determined through market bidding.

Therefore, in order to undertake the Nanwan Lake University Town project, which may have a total investment of more than 50 billion, there was no need to sink Huaihuai. Jiang Yibin and the others did the work, Huaihai Construction almost came to the door, crying and shouting, asking the first batch to be placed under Huaihai State-owned Assets.

Huaihai Construction Engineering's construction output value in 2000 has not exceeded 10 billion yuan. As long as the fertilizer and water are not flowing to outsiders' fields, the project of Nanwan Lake University Town can be undertaken, and the income in the next few years can be at least doubled.

With such a super-large project under the supervision of the provincial finance, there is naturally no reason not to hand it over to Huaihai Construction Engineering for contracting.

In addition to the equity assets of Dongshi Group, Xudong Railway Holding Group and other enterprises belonging to provincial state-owned assets, Huaihai State-owned Assets had a net asset value of up to 32 billion at the beginning of its establishment.

Even compared with key enterprises in China, Huaihai State-owned Assets is a true giant.

The provincial government finally agreed to Huaihai State-owned Assets to implement the board of directors system and set up an execution supervision committee under the board of directors to serve as the permanent decision-making body of Huaihai State-owned Assets to decide and supervise the major construction and investment projects of the group and its subsidiaries.

In addition to the members of the Party Group including Jiang Yibin, Chen Huai, Sun Fujing, etc., the top leaders of the core subsidiaries, Qi Guangwei, Hu Hongwei, Qin Dawei, Zhou Weimin, Hu Shuwei, Ge Zujun, Chairman of the Provincial Construction Engineering Group, and Liu Jizhou, Chairman of Dongshi Group, all entered the Executive Supervision Committee.

Liu Jizhou has no identity within the system. The Liu Jizhou family holds 20% of the equity of Dongshi Group. At the same time, Liu Jizhou is the general manager of the Dongshi Group's operation team, so he was able to serve as the chairman of Dongshi Group.

Huaihai State-owned Assets only holds shares in Dongshi Group and has no controlling shares, and will further reduce its shareholding ratio in the future. However, Chen Huai nominated Liu Jicai to join the Executive Supervision Committee, which is essentially hoped that Huaihai State-owned Assets' future management decisions can introduce more fresh blood from outside the system.

Chen Huai also invited He Jian, the president of the Provincial Institute of Economics and Management, and Wu Danqing, the president of the School of Economics and Management of Huai University of Technology, and others to serve as independent directors of Huaihai State-owned Assets to improve and strengthen the decision-making capabilities of Huaihai State-owned Assets.

On the day when Huaihai State-owned Assets was listed, the Executive Supervision Committee passed a resolution, agreeing to Guoxin Investment and Huaihai Rongtou jointly invest 2 billion yuan to purchase 20% of the equity of Shiqing Railway from Jinnan Group (Jijia) Holdings, and agreeing to Huaihai Electric to issue 20% of the shares of Jinnan Group to obtain 2 billion yuan of Jinnan Group's capital injection; at the same time, it passed a resolution, agreeing to Guoxin Investment to issue construction bonds of a total of 4 billion yuan in the bond markets in the mainland, Hong Kong, London and other places to raise construction funds for the first phase of Nanwan Lake University Town.

Although Huaihai State-owned Assets was established, Jiang Yibin served as the Party Secretary and Chairman as the top leader, from the composition of the board of directors and the members of the Executive Supervision Committee, everyone knows that Chen Huai is the real person in charge of Huaihai State-owned Assets.

However, if you think about it carefully, this is also an inevitable situation.

The first batch of core subsidiaries and equity assets of Huaihai State-owned Assets Management Group have developed rapidly in recent years. It can be said to be the most advantageous batch of assets within the province's state-owned assets, but they are all more or less closely related to Meigang.

It can even be said that the establishment of Huaihai State-owned Assets only brought together the forces of the Mei Steel System within the provincial state-owned assets system.

The provincial finances are far from being abundant. To start construction at this time, Nanwan Lake University Town needs to have a strong core to coordinate capital.

No one in Huaihai Province had ever imagined that the province had the ability to start an unprofitable project with an investment of up to 50 billion yuan - a provincial finance of 50 billion yuan for five years. Now that the province and Xucheng City have put this burden on Chen Huai, how could it maliciously bind his hands and feet?

Over the years, everyone has also seen the huge role that Meigang plays in the rise of Donghua's economy. In addition to those who stand opposite, more people also hope to have an "industrial aircraft carrier" similar to Meigang, which can play a leading role in Huaihai Bay and Huaihai Province, and promote faster and better development of local industrial economy.

The construction of Nanwan Lake University Town will kick off, which will kick off the construction of Nanwan Lake New District.

Before New Year's Day, the Xucheng Municipal Party Committee and Municipal Government formally established the Nanwan Lake New District Management Committee, a dispatched agency under the jurisdiction of the municipal government, through the approval of the provincial party committee and government. Lu Junsheng, Secretary-General of the Municipal Government, served as the Secretary of the Working Committee and Director of the Management Committee.

Under the Nanwan Lake New District, the University Science and Technology Park Management Committee was established, and Huang Xinliang was transferred to serve as secretary of the working committee and director of the management committee. Huang Xinliang also served as deputy director of the Nanwan Lake New District Management Committee, and represented Nanwan Lake New District to enter the University Town Holdings Coordination Committee, and the holding company also served as a director.

Nanwan Lake University Town, in terms of its status and construction scale, is twice as prominent as Nanwan Lake International Expo Park.

Rongxin and Baohe have no more choices. They either enter the market on conditions that are no longer considered preferential, or give up the construction rights of projects such as Dongzang Expressway and International Expo Park, and the Meigang Group will naturally take over.

A few days later, Gu Jiayoubaohe Trust, Baohe Real Estate and other Hong Kong companies officially injected funds into Rongxin Construction, Rongxin Real Estate, and obtained 40% of the equity of Rongxin Construction and Rongxin Real Estate respectively.

Then Rongxin Construction, Rongxin Real Estate signed a contract with the Xucheng Government to invest in the construction of the East Ring Expressway and Nanwan Lake International Expo Park. Xucheng Government also allocated the operation rights and 3,600 mu of construction land for the expo park and the Nanwan Lake Financial Center District as compensation to Rongxin Construction and Rongxin Real Estate respectively.

************************************

After the establishment of Huaihai State-owned Assets, Chen Huai focused on Huaihai State-owned Assets.

Although he was also the deputy director of the Provincial State-owned Assets Office, the work of the Enterprise Department and the Property Rights Office was handed over to Ding Jianguo. He also transferred Tang Baocheng to Huaihai State-owned Assets Office as an assistant, serving as the position of general manager's office manager, which actually allowed him to share more daily management work; Xu Jian was the director of the Enterprise Department.

Although the provincial finance and colleges and universities have invested 2 billion in start-up funds in the first batch, and although the provincial government has also approved Guoxin Investment to issue construction bonds totaling 4 billion in many places, and although financial institutions such as China Construction Bank also agreed to provide a comprehensive credit of 4 billion to the University Town Control, it means that there will be no problem with the construction funds for the first phase of the University Town, but the debt interest to be paid for 4 billion in construction bonds and 4 billion in bank loans each year will be as high as 500 million to 600 million.

More importantly, the construction period of the first phase of the university town is two years. After nearly 10 billion yuan of construction funds are invested in two years, by the end of 2003, the construction of the second phase of the project with an investment scale of 20 billion yuan will be started in the early 2004, and the financial pressure will be doubled at that time.

Therefore, at the beginning of the construction of a university town, financial balance must be considered.

The provincial finance department is responsible for the construction of university towns, but the real need for the provincial finance department to stand up and provide the guarantee, which means that the reform attempt to establish the Huaihai State-owned Assets Management Group has been completely failed.

Before the provincial government needs a guarantee, in addition to the corresponding education withdrawal inflow, the province and Xucheng City agreed to allocate the development income of commercial, residential, construction site construction land, and taxes from the local finances of supporting science and technology parks at the provincial and municipal levels, after deducting the administrative expenses of the university city management committee, they will all be owned by the University City Holding Company until all construction debts are paid off.

The university town is planned to be 40 square kilometers with a total area of ​​60,000 mu. In addition to campus and public construction land, nearly 30,000 mu of land is available for commercial, residential and industrial development.

If Huaihai State-owned Assets does not want Huaihai State-owned Assets to mobilize development funds from other subsidiaries to support the construction of university towns, the pressure will be too great to imagine if it relies solely on the corresponding education grants and taxes belonging to the supporting science and technology parks to support the construction of university towns.

*********************************

When I came out of Guojin Building at night, there was light snow outside. Not a few days before the Spring Festival, there were no vehicles on the street after nine o'clock.

Shen Huai, Huang Xinliang and Xiong Wenbin went to Li Gu's house to meet.

Although Qi Guangwei served as the chairman of University Town Holdings as he wished, Qi Guangwei was responsible for University Town Holdings only responsible for how to spend money, and was actually responsible for the construction of various campuses within the University Science and Technology Park. In the future, nearly 50 billion yuan of construction funds are required, and Shen Huai still needs to be responsible for coordinating and governing the matter within Huaihai State-owned Assets, as well as the province and Xu City.

Therefore, under the University Town Holding Group, various subsidiaries were established, which were responsible for campus construction, public facilities construction, and the development of commercial, residential and industrial land - especially the construction of public facilities and the development of commercial, residential and supporting industrial construction land within the University Science and Technology Park. It is quite similar to the functions of the University Town Management Committee, so Huang Xinliang is the actual person in charge of this aspect.

Shen Huai naturally also placed the financial balance within University Town Holdings on Huang Xinliang.

When they proposed to build a university town, they and the Department of Planning and Economics took over the personnel, construction and other dominance in Nanwan Lake New District without exception. As early as late November, they decided to let Huang Xinliang be responsible for the relevant work.

Over the past month, Huang Xinliang has been running around all day, and he has lost two laps compared to when he was deputy district mayor in Qinjiang District.

"The university town has abundant resources in the future to promote the development of the software and service outsourcing industry, which is also an industry that Xucheng currently has the ability to focus on exploring and developing," he said.

Shen Huai sat in Li Gu's study, smoking a cigarette, explaining to Li Gu some of the work that Huang Xinliang has focused on promoting during this period, saying,

"Since the 1980s, India has had significant characteristics in the development of the information industry, especially the software contracting and service export industry has a brilliant glory, and it is even known as the "World Office". In 2000, the export volume of software and service outsourcing may exceed 10 billion US dollars. Xucheng and even Huaihai's information industry have not yet formed a large scale, but there is no shortage of resources. Including Huai University of Technology, Huaihai University of Electronic Science and Technology, Huaihai University of Posts and Telecommunications, and the Institute of Electronics have strong faculty and scientific research strength in the major of electronic information. However, a large number of students trained every year go to work outside the province, and the province has not yet retained a large number of professional talents to develop in the province. At the same time, the faculty of these universities and research institutes is originally high-quality resources, and has not been fully explored and played. Yanjing, Jiangning, Guangcheng, etc.

The local area needs to develop within the scope of their respective high-tech zones and build China's "Silicon Valley". That requirement is currently a bit high for Xucheng. I think Xucheng will lower his vision a little first, and he can also start a world office first. So at the Science and Technology Park, I advocate that the first phase of the software industry park should be built and software and services outsourcing. This work has great potential. It is not difficult to dig out the resources of various universities and research institutes in Xucheng, and to form a output value of tens of billions of yuan. The priority of this work must even be placed before the construction of the new campus. The corresponding financial subsidies and overseas talent introduction policies should be established as soon as possible, and all high-level talents in universities themselves should be fully encouraged to stand up and start businesses. Huaihai Rongtou will also spend a lot of money to build a risk entrepreneurship fund, and I will also let Zhongxin and Hongji participate in the promotion..."

Li Gu nodded and said, "The work in the city is driven by Lao Xiong; if you need anything, I will cooperate, just say it."

It was too early to start the construction of Nanwan Lake University Town and the new district from the province and Xu City, and it was originally planned to reach the end of 2003 or early 2004, and then the finances of the province and Xu City increased by 50% and 60% on the current basis, which was relatively calm.

Start now, and the main risks will mainly focus on the next two years.

Speaking of which, Huaihai State-owned Assets coordinates the construction funds, but in fact, whether it is Dongjiang Electric Power, Huaihai Electric, Dongjiang Real Estate, Huai Coal, Huaihai Construction Engineering, and Dongshi Group, they are all in a period of rapid expansion and have an almost hungry demand for funds.
Chapter completed!