Yang Shaozong planned to stay in the capital for not long. This time, it was mainly to discuss the issue of the full opening of China's real estate industry. Everyone gathered together and had a very enthusiastic conversation. Yang Shaozong gave his own opinions in a simple manner.

His opinion is very simple. First, public rental housing is a very critical weapon; second, most cities in China are different from those in the banner and state, and minimum living housing must maintain a simultaneous growth with urban commercial housing; third, public rental housing, minimum living housing, and commercial housing should be maintained at a suitable proportion at the same time. Fourth, respect the principle of free distribution of the market economy; fifth, household registration reform must be accelerated, not accelerated, and real estate regulation is a very complicated task.

Nowadays, who still cares about real estate regulation? Everyone only cares about GD. Whether it is a cadres of the National Development and Reform Commission, or other so-called consultants, scholars, everyone is discussing how great the role of real estate will have on China's economic growth.

No one has the experience to deal with the problem of rising housing prices. Only Yang Shaozong and Qizhou have had it. They just dealt with such a thing.

Yang Shaozong's theory is that it doesn't matter if the house prices rise, it will affect the competitiveness of the city.

However, no one listened to him nonsense.

It’s not that you won the Sun Zhifang Economic Science Award, and you become a member of the Central Financial and Economic Policy Advisory Committee, and everyone will listen to you. Everyone will listen to the Party. If the Party says it is open, it will open up. If the Party wants to open up, we will say good things. If the Party wants to close, we will say bad things. If you are pouring cold water, please stand aside.

...

Yang Shaozong's argument alone did not have any effect, which made him feel a little disappointed. However, on that night, Premier Rong was very special to invite Yang Shaozong to his home for dinner because of Rong Changqing. Although Yang Shaozong had worked as a secretary for Premier Rong and had done very important work, he was not invited to his home for dinner alone. This was the first time.

Rong Changqing was invited back to China to serve as the financial director of Zhongqi International Investment Bank for a while. He has been in the capital recently and has accompanied Yang Shaozong. In fact, eating at Premier Rong's house is very simple, just like eating in other families, but he just changed the location to Zhongnanhai.

Premier Rong still has a lot of things, and he may not be able to come back until after 7 pm. Mrs. Rong was busy at home, so Yang Shaozong and Rong Changqing chatted on the sofa and talked about the accounting office.

The Zhongqi Group intends to reconsider a brand new accounting institution as its main partner, and is currently expected to be Anderson Accounting Firm. After all, Rong Changqing is quite familiar with this accounting firm. After signing a contract with Anderson, Anderson will spend one year to comprehensively account for the holding assets of Zhongqi Investment Bank and the Zhongqi Group.

During this period, Rong Changqing has been working in this area.

The two of them talked about 7 o'clock, and Premier Rong came back early. The father and son invited Yang Shaozong to sit down and have a few drinks first. The dishes were ready-made and they could be served as soon as they were hot.

As soon as he sat down, Premier Rong asked Yang Shaozong: "I heard that at the real estate consulting meeting today, those more special opinions were not very popular?"

Yang Shaozong thought for a moment.

He knew that Premier Rong did not just treat Rong Changqing, but always had to ask other things.

Yang Shaozong thought for a little while and said: "Many estimates of this aspect are still insufficient in China. Now local governments are eager to open up the real estate market. They have simply realized a new discovery from the Shenzhou model, that is, the real estate industry is the main source of the municipal government's finances. This is a major experience of the Shenzhou model. Everyone wants to do this now. For the sake of GD and fiscal revenue, everyone is very proud. The situation in our Qizhou state is different from that in Shenzhou. We must talk about common prosperity. We must consider a very critical issue, that is, everyone must be able to afford a house. Therefore, in Qizhou, we have always regulated land prices, and there are two main means of regulation. First, provide a large number of public rental houses to curb the rent of commercial and residential housing, and force the flow of second-hand houses to accelerate, thereby reducing the price increase of commercial housing; second,

According to the expected price increase and supply situation in the next few years, we will increase the supply of commercial housing at any time and lower the prices. It is only a few factors that lower the housing prices. Compared with other cities that have not undergone pilot reforms, our land prices have already bubbled. Secondly, the same thing is, we must make everyone affordable housing. If we do not regulate and handle it completely in the Shenzhou model, the housing prices in Qizhou are likely to exceed Songzhou and the capital, and many young people cannot afford housing. The situation in Qizhou is still like this. Once it is expanded to the whole country, especially in the capital, cities like Songzhou, I believe that the final result of blindly adopting the Shenzhou model is that housing prices continue to rise, and more and more people cannot afford housing, and finally an economic bubble will be similar. Compared with this bubble, the price and losses will be higher!"

Premier Rong nodded silently and said, "I do have concerns in this regard. During this period, I have been talking about the banner and state model and the Shenzhen state model. In general, it is undoubtedly that your banner and state model is more in line with the goal of building a socialist country. The more complicated problem now is that local finances are generally tightening, and no city can compete with the banner and state in terms of fiscal surplus, including the capital, the scale of fiscal surplus is only half of your banner and state. Therefore, the banner and state model is good, but it is difficult to promote. The Shenzhen state model is not so ideal, and it is relatively easier to promote!"

Yang Shaozong said: "If we promote it according to the Shenzhen-Zhou model, we will face a very complex economic situation in the next ten years. First, the social wealth gap will further expand. People with houses have a wealth growth of millions, while those without houses will be terrible. The worst thing is that everyone puts their hopes on wealth on houses. Everyone adopts installment loans and invests all their wages in housing. The actual consumption capacity of the people has repeatedly hit a new low, and even house speculation issues in big cities will appear.

Second, the surface growth rate of GD is very fast, but its quality will be far inferior to before. Half of it may be driven by the real estate industry. If China wants to become a real big country, it must not pin its hope for economic growth on the real estate industry. We must continue to adhere to the basic idea of ​​being a strong industrial country, and do a good job in high-tech and overall industries that are crucial to the country, such as metallurgy and machinery. Our Zhongqi's current judgment is this. China's future economic industry wants to gradually upgrade, high-speed railways,

Microcomputers and information equipment, shipbuilding, high-precision, CNC, heavy-duty, automobiles, power and electrical equipment, semiconductor chips, software, bioengineering, pharmaceuticals, and high-tech chemicals are all directions that we must seize. Even the aviation direction, we cannot stop, we cannot say that the funds are tight, and we will not do it. If the country is tight, then let the market raise funds by itself. We plan to raise 100 billion yuan in the next ten years, and invest it in these fields accumulatively, part of which is to continue to cash out from the Zhongqi Group.

The other part, and even most of the capital flows are still completed by the stock market, loans and other financing channels. For example, if we can win high-speed rail projects or even export high-speed rails to foreign countries, how good is the growth rate of this GD? If we can win regional aircraft and large aircraft, how good is this? The scale effect of the series of projects and future development directions I mentioned is actually not as large as that of the real estate industry, but any one is better than the real estate industry."

Speaking of this, he paused and continued to add: "However, once the Chinese real estate market has no means to curb peace and calm the growth and development, just like the Shenzhou model, the vast majority of domestic working capital will roll in. Especially for enterprises, as for our Zhongqi Investment Bank, we have three real estate listed companies under our control, and the non-listed ones are Zhongqi Real Estate Group. If the profit margin of the real estate industry is 20%, and the annual income will be invested in 100 billion this year, and we will recover 120 billion next year, and rely on other financing means, especially bank loan financing, I will invest 100 billion, and I will recover 180 billion, then I will

What else should I invest in high-tech research? If Zhongqi is like this, let alone other companies. So, if the Chinese real estate market develops according to the Shenzhou model, it will be a thirst quenching, temporarily solving domestic local fiscal problems, GD growth, labor and employment rates and other problems. In fact, it has not solved any problems. Let’s analyze the long-term growth of the US economy, nor does it say that it relies on real estate to solve the development problems. Moreover, once they take this choice, the final result will not be very good. Therefore, my opinion is that it is imperative to promote the development of China’s real estate industry, but a purely liberalized market economy policy like the Shenzhou model is by no means a good choice!”

Premier Rong was silent for a while before saying: "Actually, we are mainly discussing the differences between the Shenzhou model and the Qizhou model. Of course, the central government wants to promote the Qizhou model, but local governments are relatively afraid of your model, because the economy of your Qizhou state has not relied on real estate to solve problems from the beginning. Your profit and tax level is the best in the country, the scale of collective assets is the largest, and the per capita asset amount can be achieved by hundreds of thousands of yuan, and the per capita income of Qizhou state can reach more than 70,000 yuan. This is definitely not comparable to other cities. Therefore, some research institutions, including the Academy of Social Sciences, have a relatively unified understanding. We should develop first and reach the level of Qizhou state before talking about the Qizhou state model. The Shenzhou state model is a relatively low-end level. You are at a high-end level. The problem is that this high-end model cannot be promoted nationwide."

Yang Shaozong argued with Prime Minister Rong: "The Banner Model does not mean that it is necessary to implement policies such as housing subsidies. Its key point is that it must regulate housing prices in advance, weaken the profit margin of real estate, and attract more capital to flow to the domestic technology and industrial fields. We cannot say that when the land auction price is high, the profits of real estate will be weakened. It is impossible. The land prices in Hong Kong and Tokyo are sky-high, and their real estate profits are still not low. Hong Kong has 100 billionaires, and fifty of them are engaged in real estate, which is very unhealthy. Hong Kong's land

The area is still relatively large and the development space is not low. It is precisely because all capital flows to real estate, which is very abnormal, so I say that Hong Kong's economy is not healthy at all. If we look back twenty years later, China will be just a bigger Hong Kong in twenty years, and there are only two areas in the country that are very high, one is real estate and the other is the financial industry, then there will be a real problem. If a global financial crisis breaks out, our China's GD will have to be reduced by 50%. All ten years of development achievements will be ruined.

Yu Yi, why is this happening? There is no doubt that our capital has flowed into two areas of huge profits. We have not built the entire country's industrial system solidly. We have just built thousands of foundries to produce plastic shoes and down jackets. Our high-speed rail, passenger plane, high-precision chips are all bought from abroad. Our national operating system is Microsoft, the chips are Intel, the mobile phones are Ericsson, the áng is Mitsubishi, the compressor is Sanyo, the automobile engine is Honda, and the nuclear power plant equipment is Westinghouse and Toshiba.

Yes, the high-speed rail is Shinkansen, Alstom, the transformer is bb, the low-voltage switch cabinet is Siemens, the server is ibm, the information equipment is Cisco, the communication equipment is Bell, and even the cars we run all over the streets are joint ventures, with other people's brands and other people's models. We can't even independently develop a car. Our toothpaste and soap are all foreign brands. I think China like this is a tragedy. Even if we are the second largest economy in the world, or even the largest, what's the point?"

At this moment, Premier Rong remained silent. He was actually the behind-the-scenes force that promoted the Shenzhou model. Without his support, everyone would not ignore Yang Shaozong's proposals uniformly.

That night, Premier Rong wanted to appease his old subordinates and talk about his own difficulties. It was not that he did not appreciate the banner model, nor did he not appreciate the special situations that Yang Shaozong had in the banner in recent years, but that he really couldn't do it.

Thousands of local governments are hungry, and the central government's tax surplus cannot support it at all.

But on this night, he was very painful by Yang Shaozong. He actually knew that some of his choices were of no benefit to long-term development. He just didn't think about the specific adverse effects.

Yang Shaozong told Premier Rong very simply that with a capitalist's sharpest gaze, he saw the most critical part of the problem - the capital flow problem.

Seeing that Premier Rong was hesitating, Yang Shaozong continued to persuade: "Prime Minister, I have also carried out the reform of state-owned enterprises over the years. You should be very clear. If anyone in China knows the state-owned enterprise system best, I think the person who is the one who is the most in-depth should be me. I want to say that it is difficult to rely on state-owned enterprises to develop these high-tech and high-capital industrial core investment. I am sure that I have taken out 6 billion to bet on high-speed rail. I have been planning since 1994 and it was officially proposed this year. Before that, we have prepared a complete research center and industrial chain through China Industrial Group. Many basic research and technology introductions have lasted for two years. I actually took out 2 billion yuan, and the rest relying on the capital market to solve the problem. As long as the financing is

In place, I will give out 300 million yuan to reward the entire scientific research team. The main person in charge are academicians of the locomotive field of our National Academy of Engineering. They and I have finalized a contract in 1995. As long as we create a high-speed rail that can be actually operated, each person will be rewarded with 10 million yuan individually, and we will follow the team to reward it. We now expect that within five years, we will be able to have our own high-speed rail experimental models in about 2000. Before 2004, we hope to be mature and at least ensure a stable speed of 230 kilometers per hour. The problem is that we are not only this project, and the real estate industry will grow rapidly without any restrictions. It is an unrestricted high-speed rail. It runs. How can other industrial projects be financed in the capital market?"

Premier Rong could only nod his head silently at this time. He was already convinced that Yang Shaozong's statement was more important than all other experts because Yang Shaozong considered it further.

He thought for a while and said to Yang Shaozong: "The central government has discussed the high-speed rail project many times and the railway is also talking about it. The key issue is not whether we want to do it, but where the funds come from. We have discussed for two years, and the funds can be taken out are only a few hundred million, which is not as much as the fraction of the money you raise in the market. If you are willing to do it, that's great, I support it. You want to build a large plane, and I also support it. You raise funds yourself and launch these good projects that are beneficial to the country for a century. Why don't I support it? As for how China's real estate industry will develop, this matter is temporarily put on hold. The State Council entrusts your Qizhou Economic Research Institute and the International Economic Research Center of the Zhongqi Investment Bank to do a topic and do a long-term analysis. The data must be accurate and the calculation must be more solid. Let's take a look and discuss again, and do not rush to achieve success."

Yang Shaozong was overjoyed and said, "Okay, I'll call Dean Mao later and ask him to lead the team to do a comprehensive research in person. In fact, we have always had a lot of data, including systematic analysis of the global real estate industry, but there is no analysis of this long-term estimate for the whole country."

Premier Rong said: "So, this matter is still left to you. In addition, I invite you to my house for dinner today, and I also want to discuss the idea of ​​a Chinese government investment holding company you proposed before!"

Yang Shaozong did not expect Premier Rong to mention this matter. This was basically in 1993. He raised this question when he was the leader of the state-owned enterprise reform group. His meaning was very firm, that is, China's state-owned enterprise reform must imitate Singapore's national capitalist path, and there is no second path to go. If we have to create a state-owned enterprise reform with Chinese characteristics, we will eventually only embark on an inconsistent path of state-owned monopoly.

On this point, he and the mainstream domestic economists basically hold completely opposite opinions. Others still think that China can carry out special reforms. China is a great country and must have its own model and path.

He doesn't think so. He believes that in terms of the natural utilization rate of resources, a free market economy is the best, followed by state capitalism, and state monopolyism and monopolyism are the last choices and the worst effect.

At that time, his theoretical level was not as good as Mao Yushi, and Li Zhaotang was on par with him. The opinions he put forward were easily ignored by everyone as a slight word.

It’s different now. As his achievements in economics continue to rise, and as he becomes the richest man in Asia, his opinions... as long as they are not deliberately ignored by relevant leaders of the central government, they will basically have a very important impact on the country.

His position in the Chinese economic circle...you cannot ignore it now.

Yang Shaozong talked about the Chinese government's investment in holding companies for a long time in 1993, but unfortunately he had no way to serve the country, so he had to put it aside.

Now that he mentioned it again, he had to think for a while, and then said to Premier Rong: "I still have the original idea that China's state-owned enterprise reform must learn from Singapore. Don't just because Singapore is a small country. It is worse than that of the United States' economic achievements. In fact, this is indeed the only example we can learn from. Frankly speaking, if China's state-owned enterprises and state-owned capital can operate to the level of Singapore, then China's state-owned economy will be very amazing."

Premier Rong nodded silently and said, "At the beginning of the year, I went to Singapore for a state visit. At that time, I discussed this matter with Lee Kuan Yew alone. His opinions were almost exactly the same as you. If the operational efficiency of state-owned capital is low, the increase in social costs will gradually shift to all aspects of national enterprises in the entire country, which will eventually lead to the loss of competitiveness of the entire country's industrial system, which will not be worth the loss."

Yang Shaozong said: "It's like this, it's a very simple truth. I take oil as an example. CNPC and Sinopec monopolize the domestic oil industry. Their operating efficiency is very low, with high employee salary and large internal waste. Such a huge production cost will be transferred to downstream industries through various forms. For every one yuan increase in upstream costs, the downstream costs will increase by three yuan, and the transportation logistics and final production and manufacturing will increase by ten yuan. In the hands of ordinary people, each plastic barrel will increase by ten times. In this case, even if

PetroChina and Sinopec can bring huge profits and taxes to the country, but for every point of this profit and tax increase, the i of the people will increase by 3 points. The higher the i, the lower the high-quality consumption of the entire market will be. High-tech and high-quality products cannot be sold. People must spend most of all their income to buy essential goods in daily life. In addition, buying a house will eventually lead our country's economy to a dead end. Now, we still have a way to solve the problem. After twenty years, we can only sit and wait for death!”

Premier Rong did not deny it, and he continued to ask Yang Shaozong: "Then do you have any new ideas?"

Yang Shaozong said: "My idea is basically the same as in the past, but it is more detailed. I suggest that the central government establish a Chinese government investment holding company and China National Financial Holding Company, and then reuse the original China International Trust and Investment Company and China Investment Bank. These four are all non-public companies. The Chinese government investment holding company is responsible for the investment holding of industrial enterprises such as petrochemical, telecommunications, machinery, shipbuilding, and military industry. The Chinese government financial holding company is engaged in investment holding in the financial field alone, through normal stocks.

Dongquan will control and manage enterprises, not administrative power. China International Trust and Investment Company can carry out new restructuring, with China Trust Bank, insurance, securities and other financial industries as its main business, and also open China CITIC Group as its sub-group. China Investment Bank is reorganized into China Central Investment Bank, responsible for the management of large-scale projects within the country, abolishing the original Zhongjing Development and other companies, and concentrate its business model in one place. These four non-public enterprises that are completely controlled by the central government control state-owned assets, while enterprises such as Sinopec, CNPC, and China Telecom

The industry has been fully stockized, and has shifted from state-owned monopoly enterprises to state-owned enterprises. It has adopted license management for oil, telecommunications, military industry, aviation and other fields. It has given 4 to 5 photos of domestic oil operators, three state-owned enterprises, and two domestic private and domestic investment-owned enterprises. They compete with each other and gradually improve the operating capabilities of state-owned enterprises through free competition in the market. Premier Rong, you are now issuing a license to provide us with the right to develop and produce aircraft, and I am willing to spend money on this work now.

The country is willing to issue a license to let me manage oil and telecommunications, and participate in the construction and competition of the entire national economy. I immediately set up 50% of my assets as a charitable trust management fund, and all the income is used for the national education. In fact, Xiao Wei and I have long discussed me that the reason why our husband and wife's property is separated is that I will definitely not leave this for the children in the future, but all of them will be kept as a charitable fund. She is a mother and cannot bear to let the children suffer. Her one will set up a trust fund to leave it for the children to make living expenses."

Premier Rong nodded slightly to agree and said, "You couple are still quite advanced in their ideas. Most people can't accept it, but I agree with it. However, if you donate your worth of tens of billions of dollars, you won't feel sorry for yourself!"

Yang Shaozong smiled and said, "You don't know me yet. The Prime Minister was forced at the beginning. Later, I went to do it all the time and wanted to go into business and do the best. But then I said that, none of the assets in my hands were given to me by Qishan people? Including Guan Jinsheng came to the capital to develop, he also gave me the shares at a very low price. Money... That's it, it just represents my ability and performance, that's all. I donate half of it first, and donate half before retirement, and go home to eat my wife's family."

After a pause, he added: "Actually, even if it is her family's property, I plan to donate more than half of it to the state. However, this matter has to be discussed slowly. I have my ideas, she supports it, she has her ideas, and I also want to support it. That's how the couple is!"

Premier Rong smiled interestingly and said, "Isn't it good for you to ting like this? When you first came to the General Office, I beat you to get married early. Xiao Xiao is still very good. He insists on delaying it. What's going on in the end? You have to marry someone and can't escape it. Getting married, having children, is the way people must take in this life. You see, if you came to the capital at that time, you would get married, and now your children are running all over the ground."

Speaking of this, Premier Rong asked with some concern: "Xiao Wei is now three months pregnant. How is the situation now? Is it stable? She is not young. You should pay more attention to your parents for the first time!"

Yang Shaozong also smiled happily and said, "Mingde Hospital said it was a daughter, and the situation was very stable, so he was always careful."

Premier Rong said: "My daughter is also good, now there is one in every family, and my daughter is also a baby!"

Yang Shaozong did not hide it at all and said, "We must be reborn. As long as Xiao Wei's body allows him, four or five of them will be born. If the local area does not provide a license, we will all go to Hong Kong to have children. At worst, we can arrange a Hong Kong household registration according to the order."

Premier Rong also smiled and said, "No need to be so troublesome. If you want to have children, just pay the fine one by one. If you pay the fine, how much is your family's business. If the local area does not agree, I will plead for you."

Yang Shaozong smiled.

He thought everything was just talking and laughing.

Premier Rong was actually thinking about it. At this point, after talking about a few more relaxed topics, he suddenly said: "Xiao Yang, if the Chinese government investment holding company and the China Central Investment Bank have completed it, I plan to invest in your Zhongqi Group and the Shenzhou Group. When will you donate half of your property to do Hope Project, and do charity in the domestic aid for education and charity, and when will I approve you an oil franchise license!"

Yang Shaozong suddenly moved and said, "Tomorrow, I will hold a press conference tomorrow!"

Premier Rong slapped the table and said, "Okay, but my progress is not as fast as you. I still have a lot of work to do. At least I will have to wait until next year to give you an answer. You donate the money first, donate several hundred million to our Hope Project first, and I will never be able to pay you a debt! I have talked about the country through science and education, and have worked hard all my life, and have been talking about it all, and after talking, I have to face a never-changing problem, that is, the government has no money, eat up, spend all, and borrow it all, and there is no money to invest in education. Some time ago, Tsinghua University found me, an old alumnus and asked me to find a way to approve 30 million for new technology research on nuclear power systems. I can't approve because I don't have a penny in my hand. That day, I could only describe my mood in one sentence, which is shame and shameless! I, a dignified Chinese Prime Minister, cannot afford to support my alma mater in nuclear power research. How can I feel!"

Yang Shaozong said: "This money... I'm going to pay. It's unreasonable for China to not engage in nuclear power. It must be done, and it needs to invest a lot of money. We can't rely solely on state funding. The country is a big government, so it will support a large group of people who don't have money to make money. The government wants to lay off and do it for the market. The state holds one or two licensed nuclear power equipment manufacturing companies. They do it, and they do it themselves through market financing. If there is such a company, our Zhongqi Investment Bank is responsible for financing them for project."
Chapter completed!