In 1978, I was admitted to Harbin Institute of Technology

Chapter 377 His attempt to bribe his way out failed; if he took over, he feared being branded as "embezzling state property."
"Director Xie, you haven't even eaten. We didn't bring you anything... I heard you like tea, so I asked someone to get some tea from Mengding Mountain..."

When Xiao Gang dropped Xie Wei off at the airport, he personally handed him a large bag of things.

"If it's just tea, then accept it."

Xie Wei said to Wei Yong, who was standing next to him.

"We only have tea, only tea! We don't have the money for anything else. Otherwise, we'd get you a few cases of Wuliangye, Jiannanchun, and Langjiu..."

Zhang Dewen said apologetically.

"Once your production capacity is up and things are going well, I won't refuse to send you wine."

Xie Wei said with a smile.

The Sichuan-Chongqing region is famous for its many liquors, including Wuliangye, Langjiu, Luzhou Laojiao, Jiannanchun, Tuopai, and many more.

Xie Wei used to spend almost all of his salary and bonuses on buying famous liquors such as Moutai and Wuliangye. But as he started taking on students, his salary and bonuses were either used to subsidize the students' learning materials or to take the students to Du Guowang's courtyard for private tutoring every now and then.

Li Rui, standing to the side, was extremely envious.

What the hell!
Did he use more of the slush fund from the Commission of Science, Technology and Industry for National Defense to subsidize the large compressor project?

They didn't even give me a gift?
Even if he wanted to, Li Rui wouldn't dare accept the gift.

"Oh, right, take this with you, drink it on the plane."

Xiao Gang waved, and a logistics staff member behind him immediately stepped forward with a net bag. He took the net bag and handed it to Xie Wei, saying, "You said this afternoon that the factory's soft drinks are good. The plane will be flying for more than ten hours. We'll put them in the factory's thermos cups, and they'll still be cold by tomorrow morning."

"Row."

Xie Wei didn't refuse, "It's getting late, I have to catch my flight, otherwise I'll miss my class tomorrow morning. You guys should go back too and get some rest..."

He didn't pull any further.

He turned around and boarded the Y-11 next to him.

"By the way, you could try putting the soda in plastic bottles. That would make transportation easier, and it wouldn't just be a summer sales opportunity. If it goes well, it could bring in a lot of funding..."

Just as they were about to board the plane, Xie Wei suddenly stopped and turned to the two men, whose faces were full of resentment.

"Okay, we'll go back and study it!"

Zhang Dewen and Xiao Gang were overjoyed. Wasn't the purpose of serving tea to hear such advice from Xie Wei?

"If that doesn't work, we'll send someone to the school."

After Xie Wei finished speaking, he boarded the plane.

Seeing the excitement on their faces, Du Guowang couldn't help but sigh and prepared to take his leave. However, the two excited people seemed to completely ignore his existence.

He shook his head silently, then boarded the plane as well.

Chu Yunlong and Wei Yong boarded the plane without showing any expression.

"Om~"

The engine started, driving the propeller to rotate, and the Y-11 began to taxi on the runway, quickly soaring into the sky.

"Let's go back and take a look."

Xiao Gang watched the plane grow smaller and smaller in the sky, becoming a black dot before finally disappearing from sight, and then he turned his gaze away from the sky.

"What are we supposed to research? Go back and arrange for the marketing and project teams to go to Harbin Institute of Technology. Even if we do our research, will it be as effective as having specialists at Harbin Institute of Technology? Since the person who provided the solution has already proposed it, there must be a perfect one. It's like a thermos; the technology isn't that difficult, and it can still export millions of dollars every year... Why waste time?"

Zhang Dewen said with a smile.

"Too!"

Xiao Gang also laughed.

They didn't want their colleagues to waste time, and their research would certainly not be as comprehensive as the solutions proposed by professionals from Harbin Institute of Technology.

"Now I understand why they gave you gifts."

On the plane, Li Rui sized up Xie Wei for a while before finally saying quietly, "This gift is indeed worth accepting."

"Are we in the vinegar province? Why do I smell such a strong sour smell?"

Xie Wei raised an eyebrow, not even glancing at Li Rui.

Not only Erzhong, but other units that have business dealings with Harbin Institute of Technology also send Xie Wei various local specialties every year, even if Xie Wei doesn't go there. This is because Xie Wei often gives them suggestions on civilian product research and development so that they can have sufficient funds.

Thanks to Xie Wei's suggestion, many organizations have made use of their previously idle equipment and production capacity. They can quickly develop a product that meets market demand without spending much money. With the support of the Harbin Institute of Technology's Industry-University Cooperation Office, they can often achieve market success very quickly after the product is launched into the market.

Erzhong's insulated cups, powerful fans, stainless steel basins, and other products are currently booming in the market, with annual exports exceeding $800 million, not to mention the domestic market.

Otherwise, Xie Wei wouldn't dare to accept the tea sent by Erchong with a clear conscience.

"I'm just jealous, so what!"

Li Rui didn't hide his feelings, "I'm just wondering why your proposals, or the cooperation between the university and the enterprise, are now prioritizing companies that you already have a working relationship with. It can't just be for improving the supporting technical capabilities, right?"

"To reduce trouble."

Xie Wei said, "With a foundation of cooperation, further cooperation becomes easier. As you've seen, Factory 132 has generated considerable revenue from selling drum washing machines, motorcycle parts, and the like. Although their technical department has consumed a significant portion of that revenue, the costs of upgrading production lines and equipment have saved us a lot, haven't they?"

Li Rui couldn't deny this.

"Furthermore, in the civilian products sector, with the continuous advancement of reform and opening up and the gradual increase in foreign exchange, more and more international civilian products are flooding in, and the impact on the domestic market is foreseeable. Without a strong backing, how can domestic brands compete with the international market?"

Xie Wei's support for domestic brands was entirely unintentional.

Initially, Rongcheng Factory 132 lacked funds and was unable to upgrade the production line required for Project No. 10. It also could not obtain loan approval, so it eventually went to the Harbin Institute of Technology's Office of Industry and Commerce.

因为132厂技术室跟611两个单位的竞争而产生的重复建设，葛建军直接否决了132厂申请的1.2亿升级贷款，只批了4000万。

Despite the significant shortage, Factory 132 has not given up on continuing its investment in the J-7 improvement project.

Left with no other choice, Xie Wei recalled that Factory 132 had raised funds to produce motorcycle parts, single-tub washing machines, and other products in order to develop these fighter jets. He then instructed them to use civilian products to raise the insufficient funds.

Factory 132's single-tub washing machine became an instant hit by leveraging Hongfeng Group's market channels, and thus went further and further into the home appliance industry.

"Are you really no longer going to get involved in the equity reform of Hongfeng Group?"

Li Rui asked Xie Wei.

"Can't you just be direct? Why do you have to beat around the bush? My dad's 1% stake is worth over 1000 million yuan, which is unique in the whole country."

Xie Wei was very unhappy with Li Rui's probing.

Hongfeng Machinery Factory has expanded very rapidly in recent years, from its original kitchen appliances to fields such as electronic products, integrated circuit manufacturing, communication equipment, CNC systems, machining, and chemicals. The original factory organizational structure can no longer be properly managed.

We have no choice but to reform.

Therefore, Xie Wei directly applied to his superiors to establish Hongfeng Group and carry out mixed ownership reform of Hongfeng Machinery Factory and all its subordinate units.

Hongfeng Machinery Factory has once again become a pilot site for shareholding system reform.

The business scope of the entire Hongfeng Group covers almost all industrial departments except for those in charge of military industry, which has led to many problems, such as unclear affiliation.

Several departments involved all wanted to bring Hongfeng Group under their jurisdiction.

Neither side would yield, leaving them with no choice but to jointly establish a dedicated asset management office. This multi-departmental asset management office held 41% of Hongfeng Group's shares, while the remaining shares were held by Harbin Institute of Technology (23.7%), Bashu (6.7%), and Rongcheng (14.3%). These entities, holding the vast majority of the shares, only had supervisory authority. Only 14.3% of the shares remained, belonging to the company's employees.

All the shares were not given away for free after allocation. Instead, the entire company's equity was converted into 1 million shares, just like when a company goes public and issues stocks. The funds raised were used for Hongfeng's future development.

The total assets of the entire Hongfeng Group are valued at 13.7 billion yuan, or 13.7 yuan per share.

In this way, the 14.3% left for the factory's cadres and employees would be 14.3 million shares, requiring the raising of 195.91 million yuan.

The entire Hongfeng Group currently has a total of 27438 employees. According to their level, the lowest level is 100 shares. To receive these 100 shares, employees need to pay 1370 yuan to the company.

However, to everyone's surprise, most of the cadres and employees of Hongfeng Factory, which had been the highest-paid unit in Chengdu since the production of antimony pots and rice cookers, were unwilling to pay this money!
This has led to significant difficulties in the restructuring of Hongfeng Group.

Xie Jianguo, as the top person in charge, was initially allocated 6000 shares.

Based on the Xie family's total income, these 6000 shares would cost 82200 yuan, which they simply couldn't afford.

Xie Jianguo never wanted these shares from the very beginning.

It was only after Xie Wei persuaded him that he agreed.

"The factory's cadres and employees are very resistant. Not to mention them, even other units feel that it's not worthwhile to spend so much money..."

Li Rui showed no embarrassment whatsoever when Xie Wei exposed him.

Just then, Xie Wei sensed that the plane was rapidly descending.

"You caused this mess, so you have to clean it up. Even if you weren't here for the maiden flight of Project 10, you'd still have to come back in the next few days."

Li Ruisheng was afraid that Xie Wei would be angry.

"This is giving money away! Why is no one willing to take it?"

Xie Wei sighed.

The biggest reason he didn't want to go home was this.

Everyone knows that Xie Wei proposed the mixed ownership reform.

Since 78, the income of cadres and employees of Hongfeng Machinery Factory has increased significantly. Now, the average salary of other units is only fifty or sixty yuan, while the salary of newly hired workers in Hongfeng's subordinate units is over one hundred yuan, and the average salary of old employees is over 300 yuan.

Xie Jianguo once said that any cadre or employee who entered these units 80 years ago, even the most ordinary worker, would have savings of at least 6000.

Dual-income families have more than twice the savings of single-income families.

Otherwise, Xie Wei wouldn't have fought for so many shares in the entire Hongfeng Group.

"You've tripled the valuation of the entire group! If the company is experiencing financial difficulties, people might lend it money... but this stock issuance..."

Xie Jianguo picked up the two at Taiping Temple Airport.

As soon as he arrived, Xie Jianguo, whose hair was already gray and whose face was haggard, complained with a worried expression, "At first, I thought I could leave you some money for your future wife and raise a generous dowry for Xie Rou... Now look what's happened, I'm directly burdened with a loan of more than ten million yuan!"

It would be a lie to say I'm not worried.

A loan of tens of millions.

"You'd better not go home. When your mom found out, she was ready to take a knife and chop you up at school..."

"..."

Xie Jianguo's words made Xie Wei realize how difficult it was to promote shareholding system reform in this day and age.

He was clearly fighting for everyone's welfare and securing the means to lie low in the future.

As a result, it was perceived as a trap for everyone.

Even my mother was so angry that she wanted to chop herself up with a knife.

Can I go back to this home?
"Don't look at me, I can't help it either."

Seeing Xie Wei looking at him, Li Rui turned his head and looked away.

“Dad, you know the situation of these companies. Not to mention anything else, you know their annual profits.”

"Knowing it's useless! Based on the current development, the maximum dividend per share is only 1 yuan per year, and the key is that it's unstable! You're not in a problem unless you get a three-fold premium... while bank deposits offer over 6% interest for a one-year term, and over 10% for an eight-year term..."

Xie Jianguo glared at Xie Wei, "You made me take out a loan of tens of millions, and that's only because I have a good relationship with the bank and they know about our company's situation... Our annual dividends might not even cover the interest... I've never owed anyone anything in my life, but I never imagined that when I'm on my deathbed, I'd end up owing the country tens of millions..."

Xie Wei looked at Xie Jianguo, unsure of what to say.

If even the old man has this kind of thought, then the factory's cadres and employees must be even more aware.

"Dad, what if I said I'd like to take a little more if there's a chance?"

"Then let's sever our father-son relationship! If your mother comes to the school and chop you up, I'll send her to the school gate."

Xie Jianguo's expression changed drastically.

"..."

Even Li Rui was trying to persuade him, "Xie Wei, your dad has taken out a loan of over ten million, which is far beyond the limit... The bank simply won't agree to use equity as collateral for a loan."

With several years of reform and opening up, the domestic economy has developed rapidly, and the economy has begun to overheat.

Starting in 84, credit began to expand excessively. In order to achieve a soft landing for the economy, the government introduced policies and began to implement deflationary policies to conduct macroeconomic regulation of the economy.

Even so, the market demand for funds is increasing.

In order to attract deposits, banks offered higher interest rates, which led to Xie Wei encountering great resistance in his efforts to promote the shareholding reform of Hongfeng Group.

"How many of Hongfeng's shares are still unsold?"

"757 million shares."

"so much?"

Xie Wei's eyes widened.

"This was only achieved after I forcibly allocated shares to each employee at the company level, with a minimum of 200 shares for each person, 500 shares for cadres, and 1000 shares for senior managers."

Xie Jianguo's voice was full of helplessness.

He felt that his son had had it too easy before, and this time he might suffer a major setback.

"Or maybe we should just forget about it? Sticking to the old way is fine too."

Xie Jianguo did not want to carry out any shareholding system reform.

It's still a mixed-ownership reform!
"If we take all the rest, we're afraid people will accuse us of embezzling state property. If we offer money to everyone, they won't take it... It's a real dilemma."

Xie Wei looked worried.

So far, the factory has only allocated about half of the funds, and still needs tens of millions of yuan in funding.

"Of all the shareholders, only the Harbin Institute of Technology's Industry-University Cooperation Office had no objections; the other units all had quite a few. If it weren't for me, Long Yaohua, and the leaders of the Seventh Ministry of Machinery Industry pulling strings everywhere, none of the departments would have been happy to take it over. If you could get a loan from the bank to take it over, all the units would be more than happy to do so!"

Li Rui reminded Xie Wei to abandon such an idea.

The risk is too great.

(End of this chapter)