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Chapter 719 Uncle

Zhao Dong and Xiao Mingxia walked out with her chubby son. Chen Huai pinched the little guy's pink face, shouted the little guy's nickname, and asked, "Guoguo, do you still recognize me? Have you learned to call people?"

The little guy shouted "Uncle" in a slight voice. He looked at Chen Huai timidly for a while. His little head turned back and his black eyes went to find his mother. He seemed to be very unconfirmed with the title. Everyone laughed at this situation. Chen Huai was very surprised and asked Yang Haipeng and the others: "Why are you laughing? Did you call him wrong?"

Yang Haipeng smiled and said, "When Mingxia just pulled her boy over, she called someone next to her, and said to Zhao Dong as well as 'uncle', almost shouting Zhao Dong's tears..."

Chen Huai patted Zhao Dong on the shoulder and looked at each other and smiled.

Xiong Daini regretted asking Qiqi to go back to bed with her mother early, otherwise it would be fun to run together.

Over the past four years, the huge market gap has led to the ups and downs of the domestic steel industry. The main force, mainly state-owned steel companies, is still turning around in the quagmire of the system. In order to adapt to the increasingly open market and overcome its increasingly serious bureaucratic shortcomings, Meigang can decisively cut off all burdens and make rapid progress with an unyielding attitude, which is the basis for great success.

However, without Zhao Dong and other people, who regarded the factory as their home and dedicated the most essence of life to the forefront, Meigang would not have been as glorious as today.

Zhao Dong personally participated in the renovation of Factory 1 and participated in the construction of Factory 2 and Xinpu Factory. He did not work until late at night. Most of the time, he slept in the dormitory shed on the construction site for convenience. It was them who were able to renovate the old factory, and the second factory, and Xinpu Factory were able to be quickly completed with high standards and high levels.

It only took 21 months from preparation to production of Xinpu Steel Plant, while the long-process steel plant of the same size, the highest construction level in Europe and the United States, also has a construction period of 27 months.

Xinpu Steel Plant is completed and put into operation at a high level, with over-standard cost and quality control, which further strengthens the confidence of partners such as West Eummins Industrial Group, Feiqi Industrial, Berkeley Bank, and BNP Paribas in Meigang, and the domestic economic and market potential.

Although the current Asia-Pacific economy is fluctuating violently, even countries such as Japan and South Korea are unable to survive, Siyumins Industrial Group also made a decision to inject US$10 million in Huailian Heavy Industry at the beginning of the month.

The investment of 10 million US dollars can no longer cause any trouble in Donghua, and the investment from West Eummins Industrial Group is just a prelude to its move to China in the UK's metallurgy, mining, and construction equipment manufacturing departments.

In addition, after transferring all steel production capacity in West Ouminth Industrial Group, the steelmaking department did not completely lay off and cancelled it. It registered and established a new foreign-invested enterprise in Xinpu, intending to transform into consultants who provide metallurgical materials, automation and software technology services.

The registered capital of the New Technology Service Company of West Yumins Industrial Group is also only US$10 million, but it actually strengthens the weak technology link in Donghua's entire steel industry cluster.

At the same time, Feiqi Industrial injected capital into Hengyang Shipbuilding Heavy Industry, but the amount of capital injection was even smaller, only 6 million US dollars. It was expressed that Siyumins Industrial Group, Feiqi Industrial Group and the industrial capital forces behind it were confident and expectant in the domestic market and Meigang, and at the same time, they were worried about the current Asia-Pacific economy, and the industry could not be determined to change to mobile operations.

However, in the existing wave of industrial transfer, Meigang is one of the biggest beneficiaries.

But when it comes to Meigang's success, there is not much secret. As long as there is a steel company that can be able to clean up and rectify so thoroughly, keep up with the current mainstream of metallurgical technology, and be open and tolerant, and have such a group of people who are selfless and rigorous in their work. In the previous market environment with huge gaps, it is not a fantasy to copy Meigang's success.

Meigang is not the only one who has achieved great success in recent years, but Meigang's achievements are so dazzling that they are nothing more than being able to achieve excellence in every link. However, only those who are in it can know the taste of the bitterness and sorrow.

In addition to Zhao Dong, Yang Haipeng and others, Sun Qiyi, who was in the mainland in the past two days, also rushed over to attend Xiong Wenbin's farewell party. He came over with mixed flavors and shook hands with Wu Haifeng, Xiong Wenbin and Chen Huai.

Chen Huai asked Sun Qiyi with a smile: "I have a lot of things in the county these two days and I haven't taken time to accompany my second uncle. After my second uncle arrived in Donghua, everything is fine. If I don't rush to go back, I will stay in Donghua for two more days."

"Hong Kong has been so hot these days. I rushed to Donghua to escape the summer heat, and I don't rush to go back..." Sun Qiyi said with a smile.

The previous grudges have disappeared, and people always have to bow to reality. Even Sun Qiyi, who has the investment of Changqing Group in the Asia-Pacific region, is no exception.

The economic situation in the Asia-Pacific region is still deteriorating. Changqing Group's investment of up to tens of billions of dollars in the Asia-Pacific region is difficult to survive, and the losses can also be described as heavy.

However, half a year ago, it closed its light industry departments such as electronic equipment manufacturing in Thailand and Malaysia. With the help of Meigang, it transferred a considerable scale of hotels, tourism and light industrial assets to mines, shipping and other industries that had fallen to the trough in Southeast Asia, all reducing Changqing Group's investment losses in the Asia-Pacific region to the greatest extent.

Especially the investment transferred to the mining and shipping industries, relying solely on the business provided by Meigang, can maintain good profits under the current violent economic situation, which is already a rare bright color in the bleak situation.

Coupled with the previous correct investment decisions for joint venture steel mills, Meixi Port and Meixi Power Plants, Sun Qiyi saved his position as the senior vice president of Changqing Group and the general loading of the Asia-Pacific region.

The reality is so cruel. Although Sun Qiyi personally has a share of 20 to 30 million US dollars in the family fund, the position of senior vice president of Changqing Group, with an annual salary of millions of dollars, is the position of senior vice president of Changqing Group, which really supports his position in the world of Chinese business.

Once this position is lost, Sun Qiyi can only be considered a third- and fourth-rate rich second-generation, rich third-generation in the Chinese business world.

Looking at Chen Huai's thin and cold cheeks, Sun Qiyi naturally disdained his character, but in the cruel world of capital, those who can win attention have always been strong strength. Everyone threw character, morality, etc. into the dirty trash can.

At this time, Sun Qiyi still remembers what Chen Huai said when he was invited to attend the board of directors of Changqing Group a month ago: "Changqing Group wants to become a truly first-class industrial capital force, and the emerging and rising market in the mainland is the only opportunity to seize..."

Sun Qiyi naturally came up with countless reasons to refute Chen Huai, but he had to admit that Chen Huai's loud words were very inspiring, which was a key factor that prompted the board of directors to finally establish a headquarters in Xinpu.

This also means that Changqing Group's large-scale participation in the construction of Xinpu Port and the pace of in-depth cooperation with Meigang is about to begin, which is beyond Sun Qiyi's personal ability.

If he doesn't participate, Sun Qishan and other group directors who were bewitched by Chen Huai and Mei Gang will be the first to kick him out.

Putting aside the previous prejudices and personal grievances, Mei Gang's achievements in the rise are not something Sun Qiyi can ignore. He is not a person controlled by his personal likes and dislikes, and he knows the principle of seeking profit and avoiding harm.

Sun Qiyi came to the mainland this time and had four important tasks: one is to continue to promote the construction of electronic equipment manufacturing bases, one is to establish the headquarters in China, one is to discuss a joint venture with Xinpu Port Group for container terminals Co., Ltd., and one is to merge its shipping business with Xinpu International Shipping Group.

The parent company of Xinpu Port Group is Xinpu Development Group, which represents the Xiapu County Government; Xinpu International Shipping Group has a more complex background, but it is mainly composed of Xinpu Development Group, Meigang Group, Huaineng Group, Zhujiang Investment, Pengyue Group, Zhongxin Investment, and Hongji Investment. To put it bluntly, it is also Shen Huai...

During this period, Changqing Group's investment adjustments in the Asia-Pacific region were carried out with the close cooperation of Meigang. This also means that Sun Qiyi has a new understanding of the cooperation between Meigang and industrial giants such as Siyumins and Feiqi Industrial.

Once supported by industrial capital, Siyumins, Feiqi Industrial and Meigang will continue to cooperate in depth and transfer their industrial manufacturing departments to Xinpu and Meixilai on a large scale, which will further strengthen Meigang's industrial foundation.

The Xinpu Refining and Chemical Project successfully obtained a pass from the State Planning Commission this time and entered the comprehensive construction period, which made people look forward to Meigang's future growth.

A few years ago, Sun Qiyi treated Sun Yalin as a little girl. When she was in Hong Kong, she felt that she was not easy to manage and stayed by her side was a trouble, so she kicked her to work for Yexin Bank. He never thought that in just four or five years, she would have undergone a huge change in "thirty years of Hedong and thirty years of Hexi"?

In addition to being the chairman of Xinpu Refining and Chemical Group with a total investment of US$600 million, the CITIC Industrial Investment Fund, which she controlled, has grown to US$800 million in just three or four years, which is really shocking.

CITIC previously raised funds for the Shinura refining and chemical project and borrowed more than 30 billion yen from Yasuda Bank in Japan. Recently, Japan dragged the Asia-Pacific financial crisis and the yen exchange rate plummeted. Berkeley Bank and other investors once again provided CITIC with loans of up to 200 million US dollars to help it purchase the yen in reverse at any time for hedging.

As for the current decline in Japan's exchange rate, the direct benefits of CITIC will exceed 120 million US dollars when hedging the cāo operation; if the financial situation further deteriorates, the benefits of CITIC's hedging the cāo operation will be even more amazing.

In this way, the total capital controlled by CITIC Industrial Investment Fund will exceed one billion US dollars, and Sun Yalin's personal assets will exceed one hundred million US dollars, so that the board of directors of Changqing Group once had the idea of ​​acquiring CITIC, allowing Sun Yalin to replace Sun Qiyi as the president of the Asia-Pacific.

Thinking about having been living in the business world for half his life, even a young girl who had just left the house was far away, Sun Qiyi was also discouraged. At this time, in front of Shen Huai and his niece Sun Yalin, he naturally had no temper, although he never wanted to recognize Chen Huai as his cousin.

Although I had been rolled and squeezed a lot before, Chen Huai personally did not have particularly deep resentment towards Sun Qiyi. Perhaps there were different souls in this body. When facing huge benefits, personal grudges and likes and dislikes also need to be restrained.

In his early years, Changqing Group made a fortune in its tourism, hotels, real estate and other industries. It once monopolized several wholesale markets in the suburbs of Paris, and entered the shopping malls and finance industry in the middle. These industries also constituted the business entities of Changqing Group in Europe at this time and also constituted the core of Changqing Group's current main assets.

As the traditional European and American economies have been in a long-term weakness, Changqing Group's business in Europe has been slow and stagnant in the past decade.

In the early 1980s, Changqing Group began to invest in the Asia-Pacific region on a large scale. In addition to traditional hotels, commercial real estate, etc., it also began to enter ports, shipping, electronics, mechanical and electrical manufacturing and other industries.

Changqing Group's accumulation in manufacturing cannot be compared with wealthy families such as West Oumins and Feiqi Industrial, which focus on industrial development, but the investment of large capital and more than ten years of accumulation are also called Changqing Group's accumulation of certain background in industrial development.

Although Meigang has achieved great growth in recent years, with its current scale, it is risky to fully integrate with Siyumins and Feiqi Industrial. However, the industrial department of Changqing Group is relatively weak. When the two are integrated, Meigang can continue to take the initiative.
Chapter completed!
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