Qi Tongwei: Sign-in relationship started during student days

Chapter 834 Deferred Assets

Night, Tianzhou.

Watching the Hanjiang News's more than ten-minute propaganda report on Beishan on TV, Long Fuhai's face was filled with gloom.

It can be said that since the night of New Year’s Eve when the Beishan Automobile slogan was shouted out, there has been no smile on his face since then.

His son Long Shaowei saw that his father was worried, so he sat down next to Long Fuhai, took out a cigarette from his pocket, lit it for Long Fuhai, and then lit one for himself.

Immediately, he turned his attention to the report on TV. The grand sales conference in Beishan during the day unfolded one by one amid the excitement of reporters. The opening ceremony was packed with people and was extremely lively. The data was breathtaking.

Long Shaowei said slowly: "Dad, you are still unhappy about Qi Tongwei.

That's right. The more attention Qi Tongwei receives from the provincial party committee, the more Sha Ruijin's power is strengthened. It's understandable that you're upset."

Long Fuhai glanced at his son, Long Shaowei, and said unhappily, "How could I be emotional? I'm just watching a good show." He then began to sing in an operatic voice: "I saw him build a tall building, I saw him entertain guests, and I saw his building collapse."

At this moment, the TV screen turned, and Qi Tongwei's sonorous and powerful speech was heard, drowning out Long Fuhai's opera voice: Beishan Automobile is only the first step in the revitalization of our Beishan. Next, we must take the important thought of "Three Represents" as our guide, "Two Civilizations Construction" as our driving force, seize the historical opportunity of reform and development, and build Beishan into a strong industrial city, a civilized demonstration city, and a happy home where the people can live and work in peace and contentment!

Specifically, we will make every effort to promote the following aspects: First, deepen reform and activate new vitality in the industrial economy!

The successful restructuring of Beishan Automobile Factory has made a good start for us, but there is still a long way to go in reform.

In the next step, we will use the reform of state-owned enterprises as a breakthrough point to promote the establishment of a modern enterprise system in old-established enterprises such as Beishan Machinery Factory and Steel Plant, encourage technological innovation, introduce foreign and private capital, and build a "Beishan Industrial Corridor."

We will focus on developing pillar industries such as auto parts, machinery manufacturing, and electronic components, and strive to cultivate three backbone enterprises with an annual output value of over 3 million yuan within three years, so that Beishan will once again become the "vanguard" of Hanjiang and even northern industries!

Second, people’s livelihood is the basis, solving the practical problems that the masses are most concerned about!

Beishan's old industrial area carries the memories of generations, but it has also accumulated many difficulties. Next, we will launch the 'Beishan People's Heart Project'..."

Watching Qi Tongwei speaking with high spirits on TV, Long Shaowei, completely ignoring his father Long Fuhai's dark face, said in a stern voice, "Qi Tongwei is at the peak of his career now. Dad, I'm afraid this building won't collapse."

Long Fuhai's face twitched, and he forced out a cold smile. "I don't think so. You only see his achievements and his success, but you don't see the mistakes and crises hidden behind these achievements and success."

Long Shaowei was puzzled, "What mistakes and crises?"

Long Fuhai asked: "Do you know what percentage of the state-owned shares are in his Beishan Automobile Group?"

Long Shaowei shook his head.

"Let me tell you, his state-owned shares only account for 51%, and the remaining 49% are all private shares. In other words, Qi Tongwei is suspected of causing the loss of state assets."

Long Shaowei said: "Isn't this normal? Beishan Automobile is originally a state-private joint venture, and the shares were negotiated and signed by both parties.

Speaking of which, the Beishan SASAC actually got a huge advantage. They didn't spend a penny, but they got the lion's share. They made a killing. If this is considered a loss of state-owned assets, then that's ridiculous."

Long Fuhai retorted: "Who says the Beishan State-owned Assets Supervision and Administration Commission didn't contribute? Wasn't the current Beishan Automobile Factory the predecessor of the original Beishan Steel Factory? Of course, you could say it was built on the site of the original Beishan Steel Factory.

But no matter what, the Beishan State-owned Assets Supervision and Administration Commission did pay a price. These land and factories can be considered assets. It's not like you said you didn't pay a penny."

Long Shaowei spread his hands and said, "Even if what you said is true, the Beishan State-owned Assets Supervision and Administration Commission still got the upper hand. Those unwanted factory buildings and land are probably worth less than 10 million. Now converted into shares, they are probably worth more than 1 billion yuan, which is enough to buy 100 of them. This excuse is completely untenable."

Long Fuhai said: "If that's all, it's certainly untenable. Don't forget that the original right to control and use the foreign capital was actually in Qi Tongwei's hands.

At the same time, as the mayor, he is in charge of the purse strings, which creates a very vague concept: where exactly did the money invested in Beishan Auto come from?

Long Shaowei said, "You mean he... is corrupt?"

Long Fuhai waved his hand. "It's true that I hate Qi Tongwei, but I never doubt his character and ability. If he wanted to get rich, he would never resort to corruption."

Long Shaowei nodded, "That's true, he has such strong economic capabilities and so many friends, it would be too easy for him to get rich.

If this is not a possibility, then what you are talking about is at best just an accounting issue.

And I believe that with Qi Tongwei's ability, he can also explain it. After all, they spent 5 billion yuan, so even if Beishan State-owned Assets Supervision and Administration Commission invested a few hundred million yuan, it is reasonable and justifiable.

Besides, the money accounts are all in Qi Tongwei's hands, and Beishan is run like an iron bucket by Qi Tongwei. If something really happens, it will be difficult for us to obtain solid evidence after some adjustments.

Even if we go through great pains to establish evidence, I'm afraid the higher-ups won't be willing to punish this reform leader. Instead, you will probably be held responsible by them."

Listening to his son Long Shaowei's analysis, Long Fuhai felt comforted that although his son would not pursue a career in politics, his political wisdom was not low and he was considered a rare talent.

As a father, my greatest achievement, apart from my career, is probably my children.

"Your analysis is correct, so I didn't intend to use this issue to do anything to Qi Tongwei. Besides, I was just guessing. Based on Qi Tongwei's performance over the past six months, he shouldn't make such a low-level mistake."

"So what do you think...?"

Long Fuhai said to himself: "In our country, the boundaries on the issue of public-private partnerships are very vague.

Let me analyze a case for you. Take Weiye Group, the largest private enterprise in Hanjiang, as an example.

Now a statement has been leaked from the Hanjiang State-owned Assets Supervision and Administration Commission.

It is said that Wei Ye Group is actually a state-owned enterprise, or a semi-state-owned enterprise.

Why do we come to this conclusion? Because the other party's first pot of gold for development was a 10 million yuan investment from a company affiliated with one of our ministries."

Long Shaowei is a businessman and has supply dealings with Weiye Group, so he knows the other party's history very well.

"Dad, I know about the 10 million you're talking about. Weiye Group has already paid it back. It's ridiculous for any 'smart person' to say that."

Long Fuhai said: "You are right, Weiye Group did pay it back, but we cannot say that the debt is over.

Don't forget, our country also has the concept of deferred assets. In theory, the tens of billions of assets of Weiye Group are all deferred from these 10 million.

Even the 10 million yuan that was paid back was an asset deferred from the 10 million yuan investment.”

Long Shaowei said: "Well, even if you are right, then this should have nothing to do with Beishan Automobile. Their natures are completely different.

Do you mean to defer the 5 billion yuan of private investment just because of the factories and land invested by Beishan Finance?"