At this time, China was still a state-owned enterprise. If Toyota Group's spare parts production line wanted to enter China and put into production as soon as possible, it had to cooperate with state-owned enterprises.

Public-private joint ventures and Sino-foreign joint ventures are the biggest problems of this cooperation.

Because public-private partnerships have already involved the replacement of equity in public ownership, there are many procedures that require it.

However, this is not a problem for Yang Yu. Although this is also a transfer of low-end industries, in this cooperation, Huaxia can gain a lot of benefits and inject strong motivation into Huaxia's economic growth.

So, after Toyota decided to open a project to enter the accessories industry line in China, Yang Yu returned to China on a business trip.

At b, Yang Yu held talks with domestic leaders and domestic automobile companies as a representative of foreign capital, and had extensive discussions on the feasibility of Toyota Group in opening an accessories production line in China.

Through the meeting, the three parties finally determined a series of cooperation projects.

Huaxia Automobile Manufacturer is mainly responsible for the manufacture of Toyota Group's automotive appearance, glass and other major spare parts.

Although these spare parts do not have much technical content, they can also bring considerable foreign exchange reserves and provide a large number of jobs to China. Moreover, as cooperation deepens in the future, the field of cooperation will become more profound. After all, Yang Yu's core goal is Toyota Group's automotive motivation technology

Of course, some things cannot be made too obvious or too rush. They must be progressive step by step and start from the simplest.

For example, even if Toyota Group gives China the motivation to manufacture technology now, it is absolutely impossible to build a car with excellent performance with China's current supporting industries.

By manufacturing these spare parts, China's automobile manufacturing technology level will definitely be improved.

When the joint venture project is implemented, the next thing we need to talk about is the investment quota issue.

Toyota Group is worthy of being a veteran enterprise. Although there is a major crisis in its economy, Toyota Group can still spend 200 million US dollars to invest in and build a production line in China.

After many rounds of discussion, the production line finally settled in, which is the predecessor of GAC Toyota.

Mr. Yang, this is the financial statement of our People's Insurance Group this quarter. In the past three, our group's business has made major breakthroughs, and the national marketization process has been implemented to the municipal and county stage.

Since the establishment of the People's Insurance Group, it has been continuously expanding its business scale. Until now, its monthly turnover has exceeded 1.5 billion yuan. In addition to the transaction projects and management costs, the People's Insurance Group's monthly net profit has reached 630 million yuan, and this is not counted as the other investment businesses of the People's Insurance Group.

Not only People's Insurance Group, but also Hengyu Group's monthly net profit exceeded 500 million yuan.

Compared with these two companies, the S New Industrial Park started later, and the national marketization was naturally later. Fortunately, the S New Industrial Park is very large, and Yang Yu holds shares in each industry, and he has nearly 500 million yuan in revenue every month.

At this point, the value that three large carriages can create for Yang Yu can exceed one billion US dollars every month.

In the future, with the exhibition of Industrial Group in South Asia and Hengyu Group's investment in Malay, Yang Yu's revenue will increase dramatically.

Especially for Lindong Group and Toyota Group, the biggest feature of this high-tech industry is that it has a large investment, but it makes money quickly.

Therefore, based on all Yang Yu's companies and major shares, Yang Yu's monthly income will reach US$3 billion, or even more.

With an annual income of 30 billion US dollars, Yang Yu can definitely be on the list of young rich people!

However, in Yang Yu's opinion, this is just his start. After all, there are more areas that he has not yet entered, and there is no capital to enter now.

The last time I bought Lindong Group, Yang Yu paid off the debts owed in China in just two months.

In just three days, Yang Yu traveled around and chose Hengyu Group for the last stop.

Because a month ago, the design department of Hengyu Group sent a team of designers to Paris to study and Yang Yu was also very concerned about this

Regarding this issue, I came here to listen to the report and made detailed work on Hengyu Group's next stage of overseas investment business.

This time, the reason why Yang Yu wanted to return to Chengdu was mainly to attend the meeting on S Province to build a new socialist economic project.

As the leader and leader of S Light Industrial Park, Yang Yu must firmly perform his duties.

The entire project has been proposed for several months, why has it only started to be implemented now? There is another very critical factor, that is, the construction of S's Asia Economic and Financial Center has not yet begun to be fully implemented.

What S has to wait for is the opportunity brought by S's development and economic development.

Currently, S's enterprises are based on light industry. To build an Asian Economic and Financial Center, S must transfer this part of the low-end industries. S just happens to have projects for light industrial parks, so these two projects can be well hedged.

s solves the problem of difficulty in investment promotion, while s solves the problem of difficulty in industrial transfer.

And now Yang Yu has a huge amount of 20 billion US dollars in his hands, which can fully meet the economic development of the two regions.

So a vigorous economic reform kicked off at the same time in both places.

The most direct impact is that Yang Yu directly established a subsidiary, Asian Venture Capital Company in S in the name of People's Insurance, with a registered capital of 20 billion US dollars!

The amount of 20 billion US dollars is placed here, and I am saying to foreign capital: Come on, come to China to invest, I can also invest money to raise funds.

Undoubtedly, with 20 billion foreign exchange reserves as the basis, the business of Asian venture capital companies will definitely be able to develop smoothly.

This time, in order to cooperate with Asian venture capital to promote its reputation, the S Municipal Party Committee issued an invitation letter to the world, unexpectedly indicating that S is ready to welcome foreign investment in reform and opening up.

At the same time, S's infrastructure construction is also being implemented intensively.

The dilapidated streets in the past have also been completely renewed, and the city's appearance is gradually changing. All of this is the result of Tenglong Group's diligent work.

However, there is another thing worth mentioning, that is, in the process of promoting the market, the People's Insurance Group also did one thing, which is to stabilize the acquisition of land in major provincial capital cities.

This is particularly prominent in S. Almost all the land bidding by the government was obtained by the People's Insurance Group and then transferred out

7
Chapter completed!