Spring Breeze 1991

Zheng Hongyu, the deputy mayor of Shenzhen Municipality in charge of economy, was transferred from the province and is a very economically minded leader.Some time ago he proposed to build a high-tech industrial park in Shenzhen, and the province strongly supported the application for the establishment of a national-level Qianhai Development Zone.

The greatest achievement of Zheng Hongyu's predecessor was Shekou Port, which introduced Hong Kong-funded enterprises for development.Later, the Chunfeng company controlled by Yao Yuan was introduced.

He saw the great energy of the Chunfeng enterprises, and the rapid industrial development of Nangang made him even more jealous.

What kind of city is Nangang? It is true that it was the second largest economically powerful city in Guangdong Province back then, but the industrial development in this area has been very slow since it was re-opened. Such a good natural port has been unable to develop for a long time.

As a result, in the past two years, it has become the fastest growing region in the province thanks to the large amount of investment from Spring Breeze companies. Last year's GDP growth rate exceeded that of Shenzhen City.

Shenzhen is a special zone!

Zheng Hongyu was restless and kept trying to find a way.

He is very smart. Shenzhen is not suitable for the development of heavy industry. The economic focus of the special zone should be on high-tech industries and foreign trade. Needless to say, foreign trade has developed rapidly under the support of special zone policies, but high-tech industries will not work. .

Zheng Hongyu spent a lot of time researching and found that the core of the Spring Breeze Enterprise is actually the Spring Breeze Academy of Science behind it. A large number of technologies derived from this research institution support the rapid development of the Spring Breeze Enterprise.

Moreover, he found that Yao Yuan, who holds heavy assets such as energy and industry, actually attaches great importance to technology, and invests a lot of money in technology research and development every year.

Therefore, he proposed to jointly build the Qianhai High-tech Development Zone with Nanfang Industrial.

Yao Yuan was very interested in this, so he had this trip to Shenzhen.

He admires Zheng Hongyu's precise grasp of Shenzhen's economic positioning. The Shenzhen Special Economic Zone should become a demonstration zone for foreign trade and high-tech industries, instead of following the traditional path of heavy industry.

At the symposium the next day, Yao Yuan made it clear, "Chunfeng Group organized its high-tech enterprises to enter Qianhai Development Zone on a large scale, and the Electronic Settlement System Research Institute of United Bank and Shenzhen Development Bank was also located in Qianhai Development Zone. Research."

He said, "I have only one request, give me all the land along the coast."

Zheng Hongyu agreed, "No problem, Mr. Yao, you can pick any land within the Qianhai Development Zone. If it is not enough, we will coordinate. Mr. Yao, look at the issue of investment funds..."

"President Pan, please talk to me." Yao Yuan pointed to Pan Jie.

Pan Jie said, "Mayor Zheng, all leaders, we will establish Qianhai Development Company in the form of joint investment by several companies, and raise funds from banks in the name of Qianhai Development Company. The financing targets are mainly United Bank and our deep development bank. and major state-owned banks.”

After a pause, he said, "Chunfeng Group does not intend to use its own funds to participate in the development of Qianhai Development Zone, but please rest assured that there is no problem with funds."

Chunfeng Group gave the impression that it had a lot of money. It had never borrowed money from a bank before, nor did it engage in financing. All projects were entered with its own funds.

But this time, all the funding problems were solved through financing.

Zheng Hongyu was stunned for a moment, and said, "It's all solved through financing?"

Pan Jie said affirmatively, "Yes. Shenzhen Development Bank takes the lead in organizing domestic financing. We have sent letters to the four major state-owned banks, ICBC, CCB, ABC, and BOC, and they all expressed interest. Union Bank takes the lead in organizing overseas financing. , related work is already underway.”

Zheng Hongyu's smile was a little insincere, and he said, "Mr. Yao, if all the financing is used to solve the problem, isn't it unstable?"

To put it bluntly, all bank loans are used to solve the funding problem, which means that there is a huge pressure to repay the loan, and the capital chain is very prone to problems.

After a pause, Zheng Hongyu said, "Chunfeng companies have always used their own funds to invest in the market. Why are they all resolved through financing this time? Is there a problem with funding?"

Yes, your Chunfeng companies have never borrowed money from the bank, but this time, if you don't borrow money, it will be worth billions. How can this be reassuring.

Yao Yuan waved his hand and said, "There is no problem with our funds, but we have other arrangements. Mayor Zheng, let me just say that the development of Qianhai is not in our five-year plan. Such a large sum of money is only It can be solved through financing."

Lin Wei said, "If the city government is worried, it doesn't have to take a stake in Qianhai Development Company, and we can bear all the subsequent pressure on loan repayment."

"No, no, Mr. Lin, you misunderstood. The city government's decision will not change. I'm just worried about the capital chain." Zheng Hongyu said quickly.

Lin Wei said with a smile, "Mayor Zheng, the risk is actually not as great as you think. Our debt is zero, and now we have raised several billion through bank loans and other means. This debt is nothing at all. It doesn't exist. It's not about money."

Smiling, Zheng Hongyu patted his head and said, "I forgot that Mr. Yao has oil fields overseas."

For the bank, the Spring Breeze companies headed by Nanfang Industrial are extremely high-quality customers, chasing after them every year to issue loans, but they just don't want them.

This large-scale borrowing naturally attracted major banks.

Gao Jian held a press conference in Hong Kong, announcing that, entrusted by Southern Industrial, United Bank would take the lead in overseas financing and raise no less than 50 billion Hong Kong dollars, all of which would be used for the development of Qianhai Development Zone.

HSBC was the first to respond positively and soon expressed its participation.

The major banks in Hong Kong quickly followed up, all wanting to get a piece of the pie.

A large-scale financing of 50 billion Hong Kong dollars!

Zheng Hongyu represented the city government, and Xiao Jiabing represented Nanfang Industrial. The two parties signed a package of economic cooperation agreements. Similarly, Yao Yuan still participated in Nanfang Industrial as an investment entity instead of other group companies.

In the spring of 1994, with the establishment of Qianhai Development Company, it was announced that Chunfeng Group had participated in the economic development of the special zone on a large scale, and became a major investment enterprise comparable to China Merchants Group.

After the meeting, Yao Yuan held a small meeting with several executives.

Everyone didn't understand Yao Yuan's sudden large-scale borrowing. Appropriately increasing the company's debt is conducive to development, but such a sudden large-scale borrowing is risky.

Lin Wei said, "A Yuan, you ask the group companies to collect funds on the one hand, and borrow on a large scale on the other, I don't understand."

"The economic crisis is coming, we must prepare in advance." Yao Yuan said with a smile.

Lin Wei was taken aback, "Economic crisis? The development of the world's major economic regions is very smooth, especially in Southeast Asia and South Korea. The growth momentum is very strong. How can there be an economic crisis?"

The signs of the Asian economic crisis in 1997 actually began to appear in 1994.

It is a long process for the group company to collect funds, and Yao Yuan does not want to be in a hurry when it comes to the end.The large-scale borrowing is actually his first-hand "showing weakness" preparation to deal with the international hot money led by Soros.The last time they fought, Soros saw that something was wrong and withdrew decisively. Yao Yuan would not let them get away so easily in the big battle three years later.

The best way is to invite you into the urn.

Now is the time to start preparing.

Yao Yuan couldn't explain, so he could only say, "I make my own judgment. I'll give you two years to increase your available cash by five times, is it okay?"

"Five times?" Lin Wei's eyes were about to pop out.

Pan Jie was stunned for a moment, and said, "If the Shidan Oilfield can produce oil smoothly, it will not be a problem ten times over."

Yao Yuan smiled, "So I'm going to visit Abu Dhabi."

……