The Sun family may not be considered the world's first-class capital crocodile, but in the Chinese business circle, they can be considered to be ranked as the most famous one.

In the past, the Sun family was worried about the domestic political environment and investment in the Asia-Pacific region was mainly concentrated in Southeast Asia.

The Southeast Asian financial crisis that swept through the Asia-Pacific region, once the world's second economy, fell by nearly 50%. It also caused the senior management of the Changqing Group and the Sun family to realize how threat to industrial investment is such as the weak industrial foundation, scattered market segmentation and lack of human resources.

Although the Sun family has actively adjusted its investment structure in the Asia-Pacific region since the beginning of 1997, it was not said that the losses were completely avoided in the financial crisis that had not completely eliminated the serious negative impact for a year and a half.

Sun Qiyi was in charge of the Asia-Pacific headquarters, and his assets were once as high as US$2.2 billion. When the losses were the worst, the book assets once shrank by nearly half. It is still impossible to say that they have fully recovered their vitality.

However, compared with other investors who suffered heavy losses in the Asia-Pacific region, Changqing Group's active adjustments since the beginning of 1997 can undoubtedly be said to have achieved great success. The direct control of the main business can even maintain a certain level of profit. In the economic environment of 1997 and 1998, it seems even more precious.

The so-called active adjustment is a series of cooperation between Changqing Group and Meigang Group since the beginning of 1997, including the sale of tourism real estate in Thailand, Malaysia and other countries, the acquisition of iron ore and maritime assets, and the cooperation with Meigang to expand iron ore and steel trading business; including the transfer of manufacturing business invested by Malaysia and other countries to the domestic market, cooperation with Hongji and other parties to build a larger electronic light manufacturing base; including the expansion of investment in domestic commerce and hotel industries...

These investment adjustments are mainly concentrated in Donghua. Changqing Group has a total of six four-star and three-star hotels in Donghua. The iron ore that cooperates with Meigang alone has an annual steel trade volume of up to 2 million tons. It participates in investment in a series of core projects such as Xinpu Port, Meixi Port, and Meixi Power Plant. The most dazzling one is the first and second phases of the Hongji Changqing Electronics Manufacturing Base built with Hongji.

The first and second phases of Hongji Evergreen project have been completed, with a total investment of up to US$400 million and a total number of employees employed reached 20,000. In addition to mechanical and electrical products, it also mainly produces electronic components, spare parts, and even OEM production and assembles various consumer electronic products for well-known home appliances and consumer electronic manufacturers at home and abroad.

Since 1997 and 1998, major home appliance and consumer electronics giants in Japan and South Korea have been forced to adjust their investment strategies during the Southeast Asian financial crisis.

In order to more actively explore China's large market with a population of 1.2 billion and take advantage of China's cheap, disciplined and highly qualified labor resources, these overseas electronic manufacturers have compressed their production capacity in Thailand, Malaysia and other countries to the greatest extent and increase their investment in China.

Changqing Group made an early adjustment, and the timing was extremely appropriate to meet the industry trend, almost half of its competitors' businesses were taken over. Currently, relying on the total number of employees at home and abroad, it has become one of the most important OEM manufacturers in the Asia-Pacific region.

At the beginning, he was forced to adjust his investment structure and moved several electronic factories scattered in Thailand, Malaysia and other regions to Xinpu, mainly to save labor costs. In less than two years, no one expected that he would accidentally become a wise and dazzling investment decision of Changqing Group in the Asia-Pacific region.

With his achievements in the past two years, Sun Qiyi's status within the Changqing Group is naturally no longer questioned; of course, since Tan Qiping was driven away by Chen Huai from Donghua, the relationship between Sun Qiyi and the Xie family has become completely distant.

Hongji Changqing's factory in Xinpu is naturally the key itinerary for the Sun family to visit relatives and return home this time.

The factory area is as large as 3,000 acres, accounting for half of the built-up area of ​​Xinpu Electronics Industrial Park; as well as the living area specially built for the Hongji Changqing Manufacturing Base, Hongji Changqing alone can support a very prosperous town.

When the old man of the Sun family heard Sun Qiyi and the Sun Qishan brothers introduced that the nearby area was a desolate small fishing village before 1996, they all showed an incredible and incredible look.

By this time the construction of the east area of ​​Lingang New City, nearly 20 residential communities of all sizes, with a population of more than 120,000. The East District Square Commercial, the County Center, Vocational Comprehensive College and other supporting facilities such as the corresponding educational, cultural and medical and commercial communities were also completed and put into use. In less than three years, the east area of ​​Lingang New City looked like a small city rising from the ground and standing on the shore of the Huaihai.

Although such construction speed cannot be said to be unique in China, it is amazing; and the construction scale of Meixi New District that everyone visited before is not smaller than that of the east area of ​​Lingang New City.

In addition to the industrial zone, the Meixi New District has a built-up area of ​​nearly 40 square kilometers. As long as a place can rise on such a large scale, it can support the continued strong growth of the local economy. Donghua has emerged from Shen Huai's hands, which is not an exaggeration to say that it is a miracle.

Of course, Chen Huai invited the Sun family to Xinpu not to show off his development achievements over the years. Whether it is Meixi New District or Xinpu to continue to grow rapidly, it also needs to continuously introduce development capital, various management and high-quality technical resources from the outside.

The Sun family's direct investment in China was only US$600 million at this time. If the Sun family transfers one-third or even half of the industrial capital of Changqing Group to China, it means that Changqing Group still has 300 billion US dollars of investment potential to tap.

The southern area with Zhujiang University of Science and Technology, County People's Hospital, and Public Utilities Concentration Zone as the core will start construction for one year, and the framework of the southern area will be able to be raised in another year. Now it is time to consider starting the construction of the Xincheng West Film Central Commercial Area.

Chen Huai wanted to build another Pengyue Modern City in the west district of the new city, just like on the south bank of the Xuchengzhu River, so that the framework of the entire Lingang New City was determined. However, the construction of two Pengyue Modern City (one in the south of Xuchengzhu and the other in Donghua Xinpu) was to start construction at the same time, and Meigang faced great financial pressure.

In addition, Hongji Changqing wants to start the third phase of the construction of a 20,000-strong worker-employed project in the International Industrial Park east of Xucheng East Avenue, and the investment requires huge amounts of money...

Changqing Group is not a money tree. Although its assets controlled by it are as high as 12 billion US dollars, most of the profits of hundreds of millions or even tens of billions of dollars each year have to be distributed to shareholders. The funds that the group can use for investment are actually quite limited and there is not much potential to tap.

When Hongji Changqing started the first and second phases of the project, Changqing Group mainly transferred electronic factories in Malaysia and other countries. In addition to facilities, technology and business, the funds directly invested were also limited. More construction funds were still Song Hongjun used funds from his industrial funds to invest in the shares.

Of course, if Changqing Group and the Sun family, who can control Changqing Group behind it, completely change Changqing Group's current investment strategy of focusing on Europe and neglecting Asia, sell some assets in Western Europe and cash out and transfer them to China, they can solve many problems with one stone.

A super high-rise hotel mall under Changqing Group in the London Financial District is worth $1 billion. If the Sun family agrees to sell the mall at Changqing Group's senior management, the construction funds for the two Pengyue Modern City and Hongji Changqing Phase III project will be fully funded.

"Chenshan was afraid that you would not be a good person, and he was frowning all day long. I told him, few people who could become great people were not a mess when they were young," Sun Changgeng, who was white-haired, said to Chen Huai with a smile, "Look, what else can he be dissatisfied with now?"

Chen Huai touched his nose, and it was difficult to accept such "praise" with shamelessness. He smiled and said, "If you really act like an uncle, you are praising me..."

"..." Sun Changgeng laughed loudly, his voice cheerful, "Isn't it that you praise you or scold you?"

Sun Changgeng is the chairman of the board of directors of the Sun Family Fund. In other words, the "parent" of the Sun Family.

Sun Changgeng is younger than Chenshan, but he is 75 years old this year. Although he is in good spirits, he brought his new young wife under the age of 30 to visit his relatives together, which makes people worried that he would not get up if he got "up to the air" in the luxurious room of the hotel one day.

When Chen Huai was in France, Sun Changgeng was the chairman of Changqing Group at that time. The Sun family moved to Europe and could develop its current scale in half a century. Sun Changgeng made great contributions. However, although Sun Changgeng and Chen Huai's grandmother were brothers and sisters, they were Chen Huai's legitimate uncle, in fact, Chen Huai's direct contact with him was limited to a few times during festivals.

Sun Changgeng manages the company strictly, but the family management style is absolutely not rigorous. Otherwise, the Sun family would not have produced so many playboys in France for half a century. At that time, Chen Shan was extremely disappointed with Chen Huai, who caused trouble. Sun Changgeng would not mind any scandals in the Sun family. After all, he still didn't care.

It is also difficult to guess the true intention of Sun Changgeng's mentality. Playboys are obsessed with the bright and rich life, and are ambitious and capable. They are not often accused and capable, which is conducive to his control over the entire family and the Changqing Group. However, there are indeed many outstanding children like Sun Qishan and Sun Qiyi who appear and enter the Changqing Group to take on important positions.

In order to convince the Sun family that Changqing Group would give up its previous investment strategy of focusing on Europe and neglecting Asia, Chen Huai knew that Sun Changgeng in front of him was the biggest difficulty he needed to overcome - he stood in the pavilion, facing the cold sea breeze, and secretly wondered what Sun Changgeng, who had rarely spoken along the way, was thinking about what he was thinking.

However, Sun Changgeng was also deeply moved when he looked at the ship manufacturing base with an annual shipbuilding capacity of 400,000 tons on the east side of Xishan Island.

Sun Changgeng participated in the management of Sun's company in China half a century ago. After arriving in France, he grew up step by step into the core figure of the Sun's family, Changqing Group. Naturally, he could understand the difficulty of forming the current industrial layout of Xinpu Port, and the huge influence and control that can be formed behind the entire industrial layout. Chen Huai defeated a municipal party secretary, which is really not an incredible thing.

If you are in a small country with a population of 20 to 30 million, you have such influence and control, it will be difficult to influence the political situation of the small country.

If the domestic political environment could continue to be relaxed and there would be no drastic changes, Sun Changgeng would even be willing to take out a quarter of Changqing Group to exchange control of the Meigang Group behind the entire Xinpu Port industrial layout.

No one really expected that Chen Shan, the inconspicuous grandson, could have such a big situation with Sun Qishan's crazy daughter and others in just six or seven years.

After half a century of development, Changqing Group has such huge assets, but it is mainly concentrated in the industries such as hotels, real estate, tourism, light industry, etc., and has not made much achievements in the heavy chemical industry.

This is also something that Sun Changgeng has regretted for half his life, and he also knows how much the heavy chemical industry is in the contemporary industrial society.

The Sun family has always been difficult to enter the heavy chemical industry field in Western Europe. It has a direct relationship with the Sun family's weak capital strength in the early days and has influence in the Chinese community, making it easier to enter labor-intensive industries such as hotels, real estate, and tourism. It is also related to the excluded status of Chinese businessmen in the Western capital world.

There are so many Chinese businessmen who have achieved great success in the global development of industrial industries. The outside world estimates that Chinese businessmen have wealth of more than one trillion US dollars, but there are not many Chinese businessmen who have made achievements in the heavy chemical industry. They don’t have a strong voice in the capital world and are even more politically weak.

At this time, standing in the pavilion on the top of Xishan Island, you can look at the distance of the Lingang Industrial Park. Sun Changgeng felt ups and downs. He thought to himself, if Changqing Group could have Meigang's industrial layout in Xinpu Port in the heavy chemical industry, why would it be that it would have been wandering around over the years and could not understand the focus of future development?

Sun Changgeng also seriously considered the investment in his hometown. The most direct impact was the event at the end of the 1980s, which brought China's relations with European countries to freezing point. At that time, Western European investors were strictly restricted from the transfer and investment of many industries in China.

Sun Changgeng's generation is particularly sensitive to political factors, so he has never been able to start large-scale investments in China and his hometown. He also did a lot of work before and after investing in the establishment of Yexin Bank.

However, Sun Changgeng was very familiar with the situation before the mid-90th year of Donghua.

Four or five years ago, if someone came to him and told him that Donghua would develop into an industrial town with a steel production capacity of more than 10 million tons two thousand years ago, Sun Changgeng would not believe it.

However, today, Meigang has two production bases in Meixi and Xinpu, with an annual ironmaking capacity of up to 450 tons, long-process steelmaking capacity of up to 4 million tons, short-process electric furnace steelmaking capacity of up to 150 tons, and also the Provincial Steel Group, Fuji Iron Manufacturing and Rongxin Group's steel industry investment in Donghua. After the Xinjin Steel Project is completed by the end of this year, as the steel industry that supports Donghua's strong economic rise, the steelmaking capacity will exceed 10 million tons - a figure that would have been absolutely unimaginable four or five years ago.

Donghua can be among the top industrial centers in China with the steel industry alone. The completion and operation of Xinpu Refining and Chemical, which has an annual refining capacity of 5 million tons, further demonstrates that Meigang's ambitions in the heavy chemical industry are even greater than others imagine.

This is also the most tainted place in Sun Qiyi in recent years.

When Mei Gang first started, he begged his grandfather to raise funds for his grandmother. Sun Yalin had such a tough temper. When she returned to Hong Kong and France, she wanted to sell her money for an investment of 100,000 US dollars. At that time, Changqing Group could have taken the shareholding at the best conditions and obtained a huge shareholding ratio.

With his usual prejudice against Chen Huai, Sun Qiyi believed that when Meigang Second Factory was completed, he believed that everything about Meixi was Chen Huai. Sun Yalin and the others were playing houses until Chen Huai became powerful and had the ability to force the city party secretary Tan Qiping away from Donghua that he repented before the severe and dangerous situation.

Although the investment structure adjustment of the Asia-Pacific investment structure has been successful in cooperation with Meigang since 1997, it cannot share the greatest dividends brought by Meigang's rise and missed the opportunity to lay the industrial foundation in China in one fell swoop.

This cannot be overly criticized by Sun Qiyi. Mei Gang's rise is really beyond the expectations of too many people. Whether it is Sun Yalin, Sun Qishan, who has great influence in Changqing Group, Yang, Chenshan and CITIC Bank, the analysis reports submitted many times have not attracted enough attention from the senior management of Changqing Group and other members of the Sun family.

Even Sun Changgeng delayed until today, and then went to Donghua to take a walk on the spot and take a look.

The knowledge on paper is always shallow. Only by being in the scene and standing in the pavilion on the top of Xishan Island can Sun Changgeng see more clearly the ideas of Shen Huai in promoting the development of Meigang and Xinpu port industries.

Whether it is steel, refining, or the marine engineering manufacturing equipment industry led by Hengyang Ship, Shenhuai is promoting the development towards industrial clusters. Meigang only outlines the key backbone enterprises, and then extends the influence upstream and downstream through the industrial chain. Yexin Bank mainly develops in the direction of industrial finance in Donghua and Donghua City Commercial Bank.

Everyone understands these "two ounces to make a big difference" methods, but it is not easy to do; Sun Changgeng has only promoted Changqing Group to develop in this direction for nearly half a century.

Today, Changqing Group is huge in scale, but when it comes to controlling industrial clusters, Changqing Group is by no means a model of success.

The timing of this trip to visit relatives by Sun Qishan, which organized by Sun Qishan, was a coincidence, but Sun Changgeng also understood Chen Huai and Sun Yalin's expectations.

But Sun Changgeng has his own trade-offs. Although Chen Huai and Sun Yalin both have to be considered by the Sun family, they have already set up their own families. They are ambitious and have reached Mei Gang's scale today, so the accounts must be settled separately.

Changqing Group has been developing in Europe for more than half a century, and has experienced several rounds of economic cycles of ups and downs. Before developing such a large-scale enterprise, the first thing to consider is how to survive for a longer period of time; ensuring influence in the industry and the capital market is more important than simply project profit.

If Changqing Group only participates in projects such as Pengyue Modern City in a dispersed manner, it will not be particularly beneficial to consolidate Changqing Group's global industrial foundation and expand its influence.

Sun Changgeng didn't need to intervene directly to talk about anything.

If Changqing Group must seize the development opportunities of Huaihai Bay's rise, Sun Changgeng hopes to directly inject funds into the top level of the Meigang system's structure to gain the most direct and sustainable influence, rather than short-term cooperation that will be kicked out once the project is completed...

"Qishan's girl has always been in the UK. France lobbies more industrial capital to join in. I think she is working very hard. If Zhongxin can give up her controlling stake, Changqing Group can still inject 200 million to promote Zhongxin's further development..."

Walking down from the pavilion on the top of the mountain, Sun Changgeng surrounded everyone and inadvertently mentioned this key issue.

Chen Huai hesitated for a moment and his face returned to normal. After all, Zhongxin Investment is a pure private enterprise under Sun Yalin's name, so he doesn't need to express anything here. Sun Yalin glanced at Chen Huai, and saw Chen Huai lowering his head and walking, without saying a word to immediately give him a clear reply.

Sun Yalin raised funds in Britain, France and other countries, mainly injected them into CITIC Industrial Investment Fund. At this time, the scale of the industrial investment fund had exceeded one billion US dollars. CITIC's many equity assets held by enterprises and projects such as Meigang and other companies are mainly owned by this industrial fund - CITIC Investment. As Sun Yalin's private company, it is just the manager of this industrial fund, and the direct equity of the industrial fund accounts for less than 20% of the equity.

However, this does not affect Sun Yalin's control over the entire industrial fund. After all, other investors in the industrial fund are dispersed, and they only pay more attention to capital returns. At the same time, from the organizational situation of the industrial fund, other investors cannot directly compete with Sun Yalin for control over the industrial fund except for limited rights such as withdrawal.

The organizational form of Hongji Industrial Investment Fund is also similar to this.

What Sun Changgeng said at this time was not to inject capital into Zhongxin Industrial Investment Fund - this is what Chen Huai and Sun Yalin were most looking forward to - but to ask Sun Yalin to give up the controlling stake of Zhaozhong Xin Investment and the control of the entire industrial investment fund. This condition is undoubtedly extremely harsh.

As the saying goes, "the price is offered everywhere and the money is paid by sitting on the ground." Chen Huai was afraid that Sun Changgeng and other elderly people of the Sun family would not be moved by the current industrial structure formed by Donghua. Since they were moved, everyone could sit down and negotiate the conditions slowly.
Chapter completed!