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Chapter 829 Entering Skoll Bank

"...Yes, I gave him a few suggestions. The most important thing is to reorganize several related companies, package them and seek joint ventures, or go public in Xiangjiang.

I think this is the most effective suggestion for the economic development of Long Province based on the situation introduced by senior officials."

After Qiao Hongwei ended the meeting, he came to see Sun Dahai. The two of them were kicked out by Mr. Huang and returned to Sun Dahai's house.

Mr. Huang had good intentions in driving them away. According to official customs, senior officials would come to visit Mr. Huang after a while, and then invite Mr. Huang to attend the banquet in the evening.

Although Mr. Huang has retired, his rank is not lower than that of Guan Gaoguan. Moreover, he is older and more senior, and he has come to the jurisdiction of Guan Gaoguan. Therefore, Guan Gaoguan is reasonable and wants to take the initiative.

Visit Mr. Huang.

In this way, it would be a bit embarrassing for Sun Dahai to stay with Mr. Huang.

There are many labels on Sun Dahai, such as the children of the Sun family, Huang Lao's god-grandson, and the middle school students who come here for vacation. With these identities, there will be no problem even if he meets senior officials.

However, the identity of the boss behind the establishment of the future series was so bright that Sun Dahai could not avoid it.

In particular, senior official Guan made a special trip to attend the opening ceremony of the resort. As the real boss, Sun Dahai could just hide behind and not show his face.

It would be a bit unseemly if he and Guan Guan, a high-ranking official, had already met face-to-face, but still wanted to play tricks to conceal their identities. Do you really think that a high-ranking official can still not figure out your true identity?

In fact, when Sun Dahai came to the resort, people probably already knew about it. As long as Sun Dahai didn't make any public announcements, they wouldn't say anything, and everyone would keep it tacitly known.

This approach was actually learned from Taizong, who treated Sun Dahai like this: If you want to hide behind and continue to be a student, then I will pretend not to know. If I want to know something, I can ask Lao Huang (Huang Lao), etc.

When you have had enough fun and are willing to stand in front of the stage, we will talk about it then.

Therefore, Mr. Huang drove him away now based on this consideration. Otherwise, Sun Dahai suddenly appeared in front of Guan Gaoguan, and Guan Gaoguan would be put in trouble.

But that's okay. Sun Dahai and Qiao Hongwei returned to their rooms, and the two continued to chat about their affairs.

To be honest, Sun Dahai doesn't know much about macroeconomics, but he knows that the economic situation in Northeast China in the previous life has not improved much until many years later.

There are many reasons for this. Although Sun Dahai has not studied this, people's outdated thinking and the heavy burden of enterprises must be one of the important factors.

As for the joint venture or listing after corporate restructuring proposed by Qiao Hongwei, Sun Dahai also believed that it was a very effective solution, but Sun Dahai was not optimistic that this suggestion could be implemented smoothly.

There are many state-owned enterprises in Long Province, but they are actually resting on their laurels. They neither have their own core technologies nor funds for equipment updates and technology upgrades, and their products have no competitiveness.

Under the planned economic system, relying on state help, these enterprises could still survive and barely survive. But if they were introduced to the market, such enterprises would die in minutes.

When they do not have enough funds to get out of trouble, and the government is unable to continue to support them, these companies seek foreign capital to enter. Or reorganize and then package and go public, this has become almost the only solution.

But everyone knows that if you want to seek a joint venture or go public, you must first divest yourself of non-performing assets and optimize and reorganize the company in accordance with modern enterprise management systems.

At present, the state-owned units in Long Province are all products of the planned economy. Their business models are similar to those in Russia. They are all managed by the state and implement lifelong tenure for employees.

This life-long system is a heavy burden for enterprises. It not only includes employees’ working salaries during the working age, but also includes obligations such as pensions and medical reimbursement after retirement.

A factory established after the founding of the People's Republic of China may have only a hundred employees on the job now, but the number of retired employees that the factory will have to bear may far exceed the number of employees currently on the job.

And medical expense reimbursement is a bottomless pit, which may even be higher than the total employee wages borne by the company.

Enterprises that want to divest their own non-performing assets must bear the brunt of these burdens. However, if the domestic social security system is not established, if the government cannot bear the burden, big trouble will occur.

Of course, senior official Guan knew his family's financial situation, and he could not afford such a heavy burden.

Therefore, the advice given by Qiao Hongwei was very pertinent, and Senior Official Guan could only nod in agreement, but smiled bitterly in his heart.

If such suggestions are to be implemented, there are still many problems faced! In the end, Qiao Hongwei's suggestions must continue to be submitted to higher levels, because even at the level of senior officials, some things are unable to be solved.

Sun Dahai sighed and decided not to pay attention to this matter anymore.

In the memory of his previous life, in the 1990s, state-owned enterprises in the Northeast suffered from widespread bankruptcies, mergers and reorganizations, and it was not without reason.

Sun Dahai was not a god and could not solve such a problem. So he changed the subject and asked Qiao Hongwei what he gained from going to Europe.

In January, Qiao Hongwei traveled to Europe to attend this year's shareholder meeting of Bank Skoll.

At the end of last year, Skoll Bank submitted an "application for changing the largest shareholder of a commercial bank" to the Swiss Federal Banking Commission. It took nearly a year and was finally approved.

Among them, Skoll Bank's strategic partner BNP Paribas and its controlling shareholder Leon Group have played an extremely active role.

Not only that, BNP Paribas also proposed through other channels that Bank Skoll become a senior member of the Swiss Bankers Association. The current president Hawat became a senior member of the association and became one of the nine directors of the association.

Although BNP Paribas is not part of the Swiss banking system, as one of the top five banks in Europe, BNP Paribas' influence is still strong enough.

Skoll Bank's application to change its majority shareholder is actually just a normal business practice and there are no violations. The Swiss Federal Banking Commission's delay in approving the application is actually driven by the views of white supremacy.

Although Erection Future Holdings is registered in the Virgin Islands, anyone with a discerning eye knows the twists and turns. This is actually a Hong Kong company.

The officials of the Swiss Federal Banking Commission are naturally aware of this, and they naturally do not want to see Jie Zhu successfully take over Skoll Bank in the future and allow a group of yellow people to enter their circle.

But this can only be said in private, and cannot be announced to the public, nor can it be used as a formal reason for the committee to reject his admission to Skoll Bank.

This chapter has been completed!
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