Chapter 796

The duration of Jinshan electronic industry forum is only two days. In addition to the first opening ceremony and Summit Forum, the next day, ten special forum meetings such as e-government and software industry, Jinshan Electronic Industry Park, Internet media development and social impact will be held in the grand complex of the International Convention and Exhibition Center and the Grand Hotel of the Convention and Exhibition Center. At the same time, Jiangnan provincial government Jinshan municipal government will also carry out project signing ceremony, bank enterprise docking, scientific research institution enterprise docking and other economic and trade activities in the International Convention and Exhibition Center.

The steel structure roof crisscross above the Convention and exhibition venues, with a rough architectural style. However, from the late 1990s to the early 21st century, almost all domestic convention and exhibition centers have such an architectural style. If you see more, you will feel bored, and you will suddenly avoid that this style of imitating western Convention and exhibition architecture has no vitality.

The next day, in addition to browsing the status of various special forums and meetings, there was no place for Zhang Ke to linger on the construction of the Convention and Exhibition Center.

In the next day's economic and trade activities, Chen Xinsheng, on behalf of IDA group, signed a letter of intent for the investment project of Jinshan Oak Park R & D center with an investment of 200 million with Jinshan municipal government. Compared with them, Haisu technology, Chint Group and Jiaxin electronics intended to invest a total of 3 billion in the phase II project of Jinshan Software Park and electronic industrial park, The performance of Jinhu did not have much scenery this time.

Ge Yinjun met Zhang Ke, who still attended the forum as a nonvoting delegate and pretended to be an audience under the stage, and couldn't help but ridicule him: "I heard your impassioned words yesterday. I thought how much money Jinhu could have this time... It was only 200 million."

Zhang Ke smiled. He didn't want to pay attention to him, but seeing his arrogance, he couldn't help but want to stimulate him by one or two: "What was signed was only a letter of intent. No one can tell how much of the so-called intention funds can be put into practice. It was just written to make the government report look better. Why should I make the government report of Jinshan look beautiful? 200 million was just a figure casually thought up by boredom last night. I'm sure to tell you that the stock exchange of Hong Kong today Jiaxin The purchase capital of electronic is more than 200 million! "

When Zhang Ke mentioned Jiaxin electronics again, GE Yinjun looked at him indefinitely. Without saying anything more, he turned and left.

Looking at GE Yinjun's boring departure, ye Jianbin sneered and said, "Jianye's investment capital of 10 billion has been implemented for the Zhongjing microchip project alone. What's worth arrogance?"

"He really can't find a chance to ridicule us!" Zhai Danqing said with a smile.

"No, no," Zhang Ke shook his head and said, "they take Jinshan as their own territory, so they can have such a posture."

When Zhang Ke said this, ye Jianbin smiled and said, "the acquisition of Chenxi paper is really going to be made. I don't know how ugly their faces will be."

Ge Yinjun didn't pay much attention to Zhang Ke's words at first. Until about 4 p.m., the headquarters of Jiaxin electronics in Hong Kong called and told them that the trading volume of Jiaxin electronics's shares in the open market today had increased significantly compared with the past. Only then did they feel that the situation was much more serious than they thought.

Affected by the Asian financial turmoil, Hong Kong's stock market has also fallen into a silent winter. Trading is not active and trading volume continues to be low. The daily trading volume of Jiaxin electronic shares has continued to increase recently - Jinhu's intention is becoming more and more obvious.

Zhou Jinyu also had to rush to the airport to see off some important guests. Ge Mingxin, GE Yinjun, Xie Hanjing, Xie Hanming, Xie Jiannan and others were in a panic. After the closing of the electronics industry development forum, they urgently gathered in the luxury suite of Jinshan Hotel for negotiation.

Although it can be estimated that the existing capital stock of Jinhu is not enough to pose a threat to Jiaxin electronics, with today's scale and status of Jinhu, no one can say for sure that it is impossible to raise $18 billion from the depressed international financial market.

Xie Hanjing can't imagine the consequences of letting Jinhu take control of Jiaxin electronics from the open market. Jinshan electronic industrial park will naturally become the bag of Jinhu. All their efforts have made a wedding dress for Jinhu. Isn't it a big joke? Chint Group is more and more closely related to Jiaxin electronics. If Jinhu takes Jiaxin Electronics It is impossible for them to stay away from Jinhu because of the control of Xine. They will probably ride on Jinhu forever.

Jiaxin real estate and Jiaxin electronics are the two pillars of Jiaxin group. Ge Mingxin will never tolerate others' involvement in Jiaxin electronics.

"What a mad dog!" Ge Mingxin roared in his voice. He wondered how much substantive benefits the sniper Jiaxin electronics had for Jinhu, but they were really doing it.

"After all, the Hong Kong stock market is not more stringent than the mainland, and the supervision is much stricter. They can't act arbitrarily?" Xie Hanming hesitated. He is not familiar with the situation of the stock market and believes that Jinhu can't act arbitrarily in the Hong Kong stock market according to his intuitive feeling.

"Severity is one aspect, but Hong Kong's financial market is also a highly liberalized market. In addition, the international financial hot money has frequently appeared in the Hong Kong stock market in the near future. They can completely cover up their acquisition intention... They can absorb it separately and choose the right time to merge and make an offer for acquisition. However, we can use relatively single means to counterattack," Ge Mingxin said.

In the current situation, even if they can't accurately speculate on the intention of Jinhu, they have to seriously fight a defensive war, which really makes Ge Mingxin depressed. What worries him most is the 1997 financial report to be released in a few days. The sharply declining profit data will urge a large number of investors to give up their stocks, so that Jinhu can buy Jiaxin electronics at a lower cost.

Keeping the stock price at a relatively high level is the best way to snipe at the opponent, which can force the opponent to give up M & A because of the high cost. In addition to Jiaxin group's use of funds to enter the market for public holdings, effective measures are taken to improve future profit expectations and enhance investor confidence.

Xie Jiannan thought that this was the time to propose closer cooperation between Kewang and Jiaxin electronics.

Jiaxin electronics holds only slightly less shares in Kewang than Chint Group, nearly 50%. Giving full play to Kewang's brand advantage is also in the interests of Jiaxin electronics, which is good news for Jiaxin electronics. In addition, GE Yinjun of Kewang overseas company personally holds more than 80% of the shares. Giving full play to Kewang's brand advantages is more in line with the personal interests of Ge Mingxin and Ge Yinjun.

Zhang Ke did not leave Jinshan that night, but had dinner with Zhao Youlun at Tiannan hotel. After the banquet, Zhang Ke told Zhao Youlun about Jinhu's plan to buy Chenxi paper.

Liang Weifa can't give a reply so soon. Even if Liang Weifa doesn't give a reply, it can't be said that Jinhu's plan to acquire Chenxi paper makes him indifferent, but the political risks and huge disputes that may arise behind the plan make him hesitant and uncertain.

Zhao Youlun is a key person who can promote the acquisition plan. Although Chenxi paper is a provincial enterprise, it is located in the site of Jinshan City. It causes large-area pollution to the Yinma River passing through the western suburb of Jinshan City, causing a lot of inconvenience to the residents on both sides of the Yinma River, and even damaging the health of the residents on both sides, Zhao Youlun can exert pressure from the perspective of environmental protection law enforcement.

Hearing Jinhu's plan to buy Chenxi paper, Zhao Youlun was quite surprised. In 1998, private capital wanted to buy large state-owned groups, but there was no precedent in China. Although the central government encouraged local governments to innovate and boldly move forward in economic system reform, who can be sure that this step is not a minefield or an abyss? Wang Youlun immediately thought of the benefits to him after the implementation of the acquisition plan: the key to the competition between him and Zhou Jinyu lies in who can make real achievements faster, form greater influence and lay a more solid foundation in the group of Party and government cadres in Jinshan.

Although the resistance of Jinhu to acquire Chenxi paper can be expected, once the acquisition is successful, the situation will suddenly change to their advantage.

As for how to put pressure on Chenxi paper, it is too simple.

The residents on both sides of Yinma River, which is polluted in a large area, hate Chenxi paper industry. Not only are a large number of fields and groundwater on both sides of Yinma River polluted, but the disease incidence of residents on both sides of Yinma River is much higher than that in other areas, which has caused panic among local residents, Most farmers sell the grain planted on both sides of the Strait to the market, and then buy food from the market. Conditional households even move away from the two sides downstream of Chenxi paper factory. In the past, the eyes of provincial and municipal governments only saw the economic benefits created by Chenxi paper industry, turned a blind eye to the harm caused by pollution to the residents on both sides of Yinma River, not only turned a blind eye, but even severely suppressed the voices of those who resisted Chenxi paper industry, whether petitioning or collective sit in.

As long as Jinshan City rarely obeys the public opinion, it can provide great help for Jinhu to acquire Chenxi paper.

In early March, the International Economic Cooperation Organization issued a report pointing out that despite the financial crisis in the Asian region, the total amount of financing in the international capital market exceeded $170 billion in 1997, setting an all-time record; The US Department of commerce also announced that the US economy grew by 3.8% in 1997, the highest growth rate in the past nine years. All the signs do not seem to be enough to show that the global economy is worried about being dragged down by the Asian financial crisis. After a sharp decline for more than half a year, the financial markets of Asian countries and regions began to rise seemingly restoratively. Hong Kong's Hang Seng Index also rebounded from a low of less than 9000 points. The fear of declining performance of listed companies is also covered up in false restorative prosperity, Trading volume also continued to pick up.

In this case, Jiaxin group simply can't judge how strong Jinhu's sniping force against Jiaxin electronics is. They can only increase their shares in Jiaxin electronics according to the established defense strategy, increase the holding proportion of Jiaxin electronics to a relatively safe value, but consume a lot of cash of Jiaxin group.

In the next half month, the ninth session of the National People's Congress held in Beijing became the focus of attention of the whole country and even the world. The premier, vice premier, State Councilor and ministers of the new government were elected at this meeting. Zhao Jidong served as the premier of the new government and presided over the work of the central government.

In view of the current situation of the Asian financial crisis, the two sessions put forward the economic goal of "ensuring that this year's economic development speed should reach 8%, the inflation rate should be less than 3% and the RMB will not depreciate". The supporting measures include strengthening the infrastructure construction in railway, highway, farmland water conservancy, municipal administration and environmental protection, strengthening the construction of high-tech industries Strengthen macro adjustment measures such as technological transformation of existing enterprises to stimulate the continued strong growth of the economy.

The reform of the housing system and the reform of the medical system proposed at this meeting are all closely related to and most deeply felt by the ordinary people.

The housing system reform has been brewing for three years. The current welfare housing distribution policy has been changed to a monetized and commercialized housing policy, which has promoted housing construction to become a new economic growth point. Although it was not clearly proposed at the two sessions to take the real estate industry as the pillar industry of the national economy, the proposal of housing system reform alone was enough to make real estate developers across the country happy.

After knowing the relevant news, Shao Zhigang and Zhang Zhifei even planned to hold a banquet to encourage Jianye city to first follow the central government to formulate detailed policies on canceling welfare housing distribution, so as to fully push the housing needs of a large number of urban employees to the market. Nearly half of the commercial housing projects in the east bank business district project of Yangui lake will benefit directly from this policy.

Zhang Ke has long expected this and has no good or bad views on it. However, when the real estate in various regions can directly benefit from the housing system reform depends on when the local government actively adopts supporting policies and measures to promote the housing system reform of local urban workers.

What has a great impact on Jinhu is that the Ninth National People's Congress proposed to strengthen the construction of high-tech industries. In addition, the Ninth National People's Congress also adopted the institutional reform plan of the central government, which will reduce a total of 11 ministries and commissions, and establish the Ministry of information industry on the basis of the Ministry of electronic industry and the Ministry of Posts and telecommunications, Geng Chongyang took up the post of minister of the newly established Ministry of information industry.

Although the information on the establishment of Huaxia electronic information industry group was not publicly disclosed this time, Geng Chongyang hinted at relevant information in his speech on the separation of government and enterprises in the telecommunications sector at the press conference when the new minister appeared. In addition, the current central government put forward relevant requirements on strengthening the development of high-tech industries and strengthening the status of state-owned assets in core industries, The establishment of Huaxia electronic information industry group has been unavoidable.

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