Yes, China really doesn¡¯t want to take off. It¡¯s finally possible to travel lightly. It¡¯s light on its feet and no longer has three highs. How great!
¡°But if China fails to take off, the pressure on China Development Bank will be very great. Those leading cadres who have relied on the achievements of Southwest Medical are not so easy to deal with.
If the China Development Bank can improve its performance, it will be fine. If its performance declines like a waterfall, it will mean that even if the king of heaven comes, I will fight for my life with you.
The question is, who in China Development Bank has the people to manage the physical manufacturing business?
A few people working in financial services felt that they could not put their eggs in one basket, so they cut back on supply chain purchases from China. The result was great, and the entire southwest medical industry almost collapsed.
There is no way. Although Southwest Medical is separated from the mother body of China Tengfei, the thing called the umbilical cord has never been cut. If that reckless man couldn't see it and cut it with a click, China Tengfei would only lose a few dollars. However, there is no other way for Southwest Medical to go except to rush to the street.
"And if Southwest Medical goes out of business, half of Huancheng's sky will collapse, and employment, people's livelihood, finances, and political achievements will all be in vain. It would be strange if the local government does not work hard with the China Development Bank."
¡°But if the China Development Bank is asked to rebuild the supply chain, it is theoretically possible, but in reality it is difficult to complete. The reason is very simple, because there are many parts and design data that only China Tengfei has and cannot be found elsewhere.
For example, the carbon fiber composite materials used in various multi-functional shelters developed by Southwest Medical have been used all over the world, but only China Ascendas has the most complete models and the best quality.
There are also high-performance turbine pumps used in ventilators. Only China Tengfei in the world can produce high-speed medical turbine pumps that can reach more than 10,000 revolutions per minute.
There is also a half-life scanner on nuclear magnetic resonance. In China, it is also China Tengfei. This is the only one, and there is no semicolon.
There are similar products abroad, but the problem is that they are extremely expensive. If they are really adopted, the cost of the entire MRI system will increase several times. At that time, the hospital's procurement costs will increase, which indirectly equals the increase in the cost of patient treatment, and in turn increases the patient's medical expenses. burden.
Since it cannot afford to build its own supply chain, it is better to leave this mess to China Ascendas and just pay a small dividend every year. So the China Development Bank begged grandpa and sued grandma and just gave Southwest Medical to China Ascendas.
Similar situations include Yuanli Electric Power Equipment Co., Ltd. (Group) Company owned by CITIC Group; Aluminum-Lithium Alloy Smelting Company owned by the metallurgical industry; Lingdu Mechanical and Electrical Equipment Co., Ltd. owned by a Chinese-prefixed enterprise
In short, many manufacturing companies that were once owned by Ascendas Investment have been replaced by new owners for one reason or another.
The general situation is similar to that of the China Development Bank. The supply chain cannot solve the problem, corporate profits have declined, and local authorities have begun to put pressure on the company. The company has no choice but to spin off the entity again.
Zhuang Jianye is also worried. The bits and pieces he finally pushed out are now piled up again. What else can he do? He can only reluctantly help his brothers to collect them and look after them with encouragement.
But Zhuang Jianye still made an agreement with these brother units with Chinese prefixes. It would be no problem for him to stay in the real world, but he was determined not to do such frivolous things as real estate, commodity trading, and financial services. The reason was that his ability was limited and he was really busy. Don't come.
??In fact, there is no need for Zhuang Jianye to say that it is impossible for these Chinese-headed companies to return these industries that really make money.
They just don¡¯t have the energy and ability to run a physical business. They work hard every day. How much can they earn in the end?
How could there be the pleasure of getting a large amount of money into your account with just two keystrokes?
So at the end of February, China Ascendas was reorganized into China Ascendas Group, and before May, various entities were returning to the Ascendas family one after another.
It just lacks some superficial things. From the perspective of asset growth, it seems that there is not much potential. However, those who really know the industry know that through this process, Zhuang Jianye has removed all the fat on his body and left behind. What's underneath is the lean tendon meat.
Makes the entire Soar system healthier and stronger!
The most typical one is the debt ratio, which has dropped from 68.7% before to 42.6% at the current stage.
There is no way, real estate, commodity trading and financial services are all highly leveraged and high-liability businesses. Even for a seemingly good investment, you need to increase the leverage several times or even more than ten times, which suddenly pushed up China's stock price. Soaring debt ratio.
That¡¯s all, the key is what China takes offMost of the assets are good assets in the eyes of banks or credit institutions, so it is very easy to lend money to China's investment institutions for operations.
Because even if they lose all their money, they are not afraid. Any aircraft manufacturer or aerospace manufacturer can make up for the loss, especially some foreign banks headquartered on Hong Kong Island. Not only do they provide strong discounts, but they also have corresponding policies. Also very loose.
This caused some people in China's Ascendas Investment Department to be tempted and began to "go wild" in this regard.
Zhuang Jianye discovered during an internal investigation that a leader in charge of financial services in the investment department actually had more than US$200 million in financial credits from HSBC and Barclays.
In other words, as long as the leader¡¯s credit signature is required, the two banks will provide a loan of US$200 million.
Faced with this situation, Zhuang Jianye cannot do anything if he is not vigilant, so divesting such high-debt and highly-leveraged assets is not a temporary move, but has been planned for a long time.
But listing it separately would be a bit too personal, so the entire Ascendas Investment was stripped, split, and handed over to major Chinese-headed companies.
¡°However, Zhuang Jianye was still under a lot of pressure when he did this. After all, many real companies are high-end industries supported by China Takeoff.
Even companies like Southwest Medical, which are closely related to China Tengfei, were developed on the basis of the 23rd factory.
¡°If China Ascendas becomes insolvent, most people would understand that China Ascendas would divest itself of a few companies in exchange for some working capital. The problem is that China Ascendas¡¯ current operating conditions are normal, and there will inevitably be speculation if China Ascendas divests itself.
Fortunately, Zhuang Jianye¡¯s prestige is still there and he can suppress it, so many companies only speculated and did not jump to confront him.
But the majority of them don¡¯t understand.
In fact, Zhuang Jianye is also betting. Zhuang Jianye has to admit that the gambling component is very large. He is betting that the industrial chain he has established will not be so easy to fall apart due to a simple equity change.
But there are also many uncertainties. If the company with the Chinese prefix found another way to integrate its own industrial chain, Zhuang Jianye would have no choice but to watch the divested company merge with others. One body.
Fortunately, Zhuang Jianye won the bet, and the industrial chain layout that took 20 years to complete was not broken, but became stronger because of this incident.
Of course, facing the outside world, Zhuang Jianye couldn't say that. Instead, he kept declining and made concessions, and then he coyly accepted a lot of "mess", which fully reflected his noble attitude. The quality and fearless responsibility, especially the high-spirited and upright attitude of helping those in need, really impressed the bosses of major Chinese-headed companies!
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