My Lord, you need to stand up!

Chapter 969 Even a problem-solving expert has moments of frustration.

Lao Wang and Xiong Guoming were classmates, even though they were about ten years apart in age.

When Wei Dong, the 33rd generation leader, took over, he was the head of several major sectors, including banking, insurance, docks, state-owned enterprises, and assets in Hong Kong.

The difference is evident from this point on.

Old Wang's understanding of banks is still based on savings institutions, and then using the money to invest and make money.

As long as the interest rate is exceeded, the bank makes a profit.

However, Xiong Guoming's understanding of the financial industry has risen to the point that everything can be financed.

More importantly, he absorbed the gambling king's philosophy during his classes: if you're going to do something, do it to the best of your ability, and let professionals do professional things.

Xiong Guoming strongly agrees with this point.

Since the insurance industry has been popular in Europe and America for hundreds of years, and Chairman Wei Dong is "well aware" of the drawbacks of the insurance industry, then we might as well hire a professional manager.

Even if the salary is higher, you can directly learn from other people's years of experience and standards.

This is a mindset that even Wei Dong lacks.

He figured that about a month had passed, so he bought plane tickets for the foreign technicians working on the hydrofoil and sent them back to Hong Kong.

In fact, Xiong Guoming had not yet obtained the approval documents for a commercial insurance company; it was merely a social security company at this time.

Clearly, some signs of a different future are already visible.

Throughout April, Wei Dong watched from afar as insurance companies and banks followed up on their operations, remaining noncommittal about Xiong Guoming's proposal to package Changjiang Shipping Heavy Industry for listing.

Just as many parties are watching his transformation of Changhang Heavy Industry with ambiguity.

As the factory leaders returned to their respective factories after a complete transformation, the "loan" from the Zhaotou Bank to Zhaotou Shipbuilding, which didn't even have a single table yet, was actually Wu Shengyun placing orders with several factories.

The previous situation that made Wei Dong hesitant to transfer funds back to China or invest heavily in the mainland was now resolved.

No longer worrying about being seen as capitalists plundering, nor afraid of having their investment funds in mainland projects confiscated.

These are all investments made by China Merchants Bank in Hong Kong, representing China Merchants Bank's investment in mainland China.

It is impossible to confiscate the assets of the Bidding Bureau under any circumstances, let alone overturn the commercial contracts signed by the Bidding Bureau in Hong Kong.

Especially in the years before Hong Kong's return to China, one had to save face.

After just one move, the situation completely changed.

The funds that were previously kept secret are now being directly poured into Shanghai Shipyard to purchase three more Panamax container ships.
The other factories have four 20,000-ton container ships in sequence;
There are nearly ten vessels each in the 10,000-ton, 5,000-ton, 2,000-ton, and 1,000-ton ranges!

Total carrying capacity of 500,000 tons!
These correspond to the current upper, middle and lower reaches of inland waterways, as well as the short-distance routes from the estuary to Kobe and HK, and the long-distance routes to North America and Europe.

Comprehensive coverage.

This immediately sparked a joyous atmosphere at the major state-owned shipyards along the Yangtze River, marking the start of construction.

The shipyards that were about to fall into disuse are now being revitalized.

These bigwigs who participated in the "Shipyard Training Program of the Bidding Bureau" have basically laid the foundation for half of the future domestic shipbuilding industry.

Even decades later, some retired people still joked that if Dong hadn't used such extreme measures to keep them all locked up on the mountain peak of Xiajiang.

Given their established mindset, no domestic professor or scholar could possibly manage the classroom or get them to patiently learn how to transform from a state-owned enterprise to a private one.

Back at the shipyard, I felt a great sense of relief.

The previous confusion and panic about not knowing what to do has now been replaced by a firm determination to build container ships.

They have funds, orders, and helpers.

There's also the sudden burst of work enthusiasm that comes with middle age.

This group of people should keep in touch with each other, and following the methods they discussed day and night, use imported parts and procurement for core technologies, while replacing the main structure entirely with domestically produced components, and maintain constant communication and exchange of ideas.

While putting all their efforts into building a batch of groundbreaking new container ships, they also launched a comprehensive adjustment of their shipyard's personnel, land, buildings, and residential housing reform!

Hopefully, this will lay a solid foundation for a successful start to the domestic container era!

Doesn't this show that Dong's "state-owned assets privatized" reform measures have an immediate effect?

The Sixth Ministry of Machinery Industry sent these hungry, middle-aged children back to their original families, and they were definitely keeping an eye on things.

They were so surprised that they sent various departments and other shipyards to learn from their experience.

Everyone was filled with envy as they watched the bustling construction site open!

As for whether these ships will be leased to Dongsheng Shipping, Guoyuan Group, or if another bidding process will be launched, it all depends on the political and business situation at the time.

The approximately $400 million in special investment funds were not all paid for by Wei Dong.

The investment return rate, which is far higher than the bank interest rate, has made the US dollar funds that had been sitting idle for almost a year eager to return to their original use.

It should be noted that since June of last year, the after-tax amount on paper has been approximately US$1.7 billion, while investments in upgrading the wafer fab, resuming the optical drive plant in Linwang, opening new production lines, and relocating personnel back to Singapore have totaled less than US$500 million.

Chow Yun-fat hasn't even had a chance to receive his dividends or look at the accounts yet.

The main expenses Wei Dong incurred in Hong Kong were for acquiring television stations, acquiring Long family assets, and the basketball stadium project; everything else was negligible. Therefore, aside from some funds in North America, over US$700 million remains in Hong Kong, dispersed among several foreign banks.

It's a real shame not to use it for investment.

However, China Merchants Bank actually managed to attract over 100 million US dollars in investment capital in Hong Kong.

Old Fang has done a lot of work in Hong Kong over the past decade.

This made Wei Dong even more suspicious that a Hong Kong businessman was watching him and making bets.

With a mix of amusement and exasperation, the excess funds were channeled into Zhaotou Real Estate, pushing for the construction of two large river-view commercial and residential twin towers, along with a cluster of office buildings and hotels along the street, in the Yishan Valley at the southern end of the Jiangzhou Yangtze River Bridge.

This coincides with the high-end apartment building plot that Hong Kong businessmen previously acquired along the river.

At this point, applying for a real estate project in Jiangzhou City under the name of Zhaotou Building was naturally approved instantly.

Is it appropriate to build a cluster of high-rise commercial and residential buildings totaling approximately 300,000 square meters near the bridgehead in the Jiangnan District, where commerce is not particularly developed?

Jiangzhou City didn't ask a single question.

So, it was simply a matter of filling in about 110,000 cubic meters of land next to the mountain-moving site.

The road space freed up by "blasting and moving mountains" is essentially given to Jiangzhou City for free, and the land created by this is not subject to any land price discussion.

The planned twin towers facing the river will be 32 stories high and will feature a modern glass curtain wall design. They will be named the Zhaotou Building and will be available for rent or purchase.

One of the buildings will become the headquarters of the bidding bureau in Southwest China.

Behind it, directly across the street from the Jiangzhou Convention and Exhibition Center, are four 24-story buildings and ground-floor shops.

Around the "International Convention and Exhibition Center" that has been allocated to the bidding bureau for operation, a modern business district that completely surpasses the late 1980s will be built.

Wei Dong was able to steadily earn investment dividends from Hong Kong, while the investment bureau acquired a piece of construction and real estate revenue out of thin air. Jiangzhou fully demonstrated the achievements of the economic system reform of state-owned assets being privately owned.

Even businesses and industrial enterprises can obtain modern office spaces.

Everyone is satisfied.

So when Wei Dong drove back to the Economic Development Zone from the Xiajiang Shipyard, he saw that the tunnel, which spanned about 400 meters through the mountain, had been flattened.

The approximately three million cubic meters of earth and rock that are now relatively clear can be dumped just a few hundred meters away from the neighboring area.

It needs to be completed within two and a half months!

Dozens of excavators and hundreds of heavy trucks are working back and forth without stopping, dumping waste. Meanwhile, in the adjacent landfill area, piling, pouring, compaction, and raising of the land have already begun.

It stands in stark contrast to the crowded and dilapidated city center.

It also made the once bustling and glorious convention center next door look particularly deserted.

Dong Xueqing, in the passenger seat, couldn't help but let out that wicked laugh, like a villainous woman: "This is what happens when you don't let our family do things!"

She passes by here every day on her way to and from get off work, and she remembers every time she sees it!
Startled, Chongchong quickly staggered forward and hugged his sister. Actually, Xiaodie still took care of her younger brother, so she hugged him tightly and quietly moved away.

Wei Dong had already figured it out on the mountain: "Let's start preparing now. We'll hold a clothing expo in the first half of June and the second auto expo in the second half. It'll be a good opportunity to see what changes have taken place in the auto industry over the past year and a half."

Dong Xueqing asked in surprise, "Aren't you going to Citibank in June?"

In reality, domestic businesses have been desperately squeezing profits, and the confidence and maneuverability they have are entirely dependent on overseas funds each year.

Especially now that the profits from beef have gone to Gaoyuan, the profits from jeans and cosmetics are negligible compared to those from Apple computers.

So the Apple computer launch event in June is the time of year when the whole family digs for gold.

Wei Dong was surprisingly reluctant to go: "Old Lin and Xiao Qin can go. I don't need to come along every time. I still prefer to travel around the country. You can go if you want."

Dong Xueqing quietly counted on her fingers: "It's been a month and a half since you came back, hehe, haven't they been urging you?"

Wei Dong's spirits soared: "Why rush things? We're going to Shanghai in a few days for the May Day holiday to cut the ribbon for the car's production line rollout. We might even have to check out the Cherokee production line in Beijing. Why don't you take the kids with you and check the accounts?"

Dong Xueqing scratched her head helplessly. What her husband used to do had become a bit more endearingly childlike in her: "He calls me every day, rambling on about how business is going, whether you're getting enough rest. Oh well, so he won't say I've turned the entire Yangtze River into my territory..."

This left Wei Dong scratching his head in a dilemma, and he could only laugh and curse, calling it nonsense.

Then we need to hold back from rushing back to Hong Kong and hold off on flying to Shanghai until May Day.

Xian gathered Sister Duan, Hong Tiancheng, and the others to put in a lot of effort to prepare for the clothing expo in June, and they would definitely take the opportunity to advertise Ouniya cosmetics and shampoo.

There's a construction site right across from the convention center, so let's put up a huge area of ​​billboards to cover it up. Lao Hong, you should apply to the city government for permission to pay all the legal fees for these advertising spaces.

Hong Tiancheng was still a little confused. Law? What advertising law? It's our own construction site, we can just send someone to put it up.

As a result, the project was delayed in Jiangzhou until the end of April. The Fifth Ministry of Machinery Industry still called Wei Dong. After all, Xiajiang Factory was a large factory among the third-line factories. Since you have managed to revitalize the seven factories of Changhang Heavy Industry with tens of thousands of employees.

You should think of a way to help this machinery factory with more than 10,000 employees, and find a way out for it no matter what.

How can it be the same?

The shipbuilding industry has already entered a new era.

The artillery factories, which have been operating haphazardly for decades, have all become seasoned veterans. Are they meant to be used for oil extraction?
(End of this chapter)