In the conference room of the Xinjian Building Review Department, the people sitting in the venue were extremely uneasy. Acting Minister Zhou Xinyue was transferred to Huangpu Holdings as an executive vice president with little real power. One of the two deputy ministers was demoted.
Another director of the review department of Huahong Group was directly fired.
Mrs. Zhou Jiayi and Mrs. Chen Xinyi were exchanged. Chen Xinyi was temporarily appointed as the director of the Internal Coordination Office. Zhou Jiayi personally served as the director of the review department and was fully responsible for the affairs of the review department. At the same time, the general manager of Xinjian Accounting Firm and the general manager of Xinjian Law Firm were transferred as deputy directors of the review department.
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I originally thought that the Inspection Department was going to take action against the major companies of the Xinjian Group, but I didn’t expect that this time it would be the internal members of the Inspection Department that would be the first to be passive.
After announcing the latest personnel changes, Li Jianhui said: "I have always had high hopes for the Censorship Department, but the performance of the Censorship Department in recent years has really left me unsatisfied.
I deliberately set up such a department, not because I have too much money and no place to spend it, but because the Review Department serves as a mirror within our Xinjian Department, so that those who do not want to get rewards through hard work will not dare to make wrong ideas.
In order to reduce the huge losses caused by our company due to internal reasons.
However, in the past few years, the work of the review department has been a mere formality. Not only is it unable to effectively supervise major industries, many of its personnel are also colluding with senior executives of many companies.
Next, I hope that everyone can put things in order as soon as possible and conduct inspections on many of our holding groups and even independent companies in June to eliminate the moths attached to our company."
As Zhou Jiayi who has studied in Japan, she is not a flower vase like Guan Jiahui, Chen Yulian, and Chen Xinyi. Her abilities are not much worse than Liu Xiaoyan and Chen Huiya.
It was because of having children in the past few years that I withdrew from the Xinjian Department of Industrial Management. If not for marrying Li Jianhui, I am afraid that the first holding group president of the Xinjian Department would have been Zhou Jiayi instead of Liu Xiaoyan.
This time, according to the discussion between the daughters of the family and Li Jianhui, Zhou Jiayi came to take charge of the censorship department, in order to resolutely eliminate the bugs within the Xinjian Department.
After Li Jianhui spoke, Zhou Jiayi specially arranged the work of the review department for the next period of time.
For the internal review of the review department, a joint review team will be formed by elites from the Finance Office, Legal Department, and Confidentiality Office to specifically focus on the internal review of the review department.
The task of the Review Department is to form eight temporary review teams, led by Minister Zhou Jiayi, two deputy ministers, and several senior officials.
The first batch to be reviewed will be Xinjian Bank, Lane Crawford, Hutchison Real Estate, Fountainhead Bank, Huahong Group, Amoy Group, Aodong Trading Group, and Jaguar Group.
The first review team led by Zhou Jiayi will be responsible for the review of Xinjian Bank. As the financial center of the Xinjian Group, Li Jianhui is personally at the helm of one of the core industries of the Xinjian Holding Group. Only Zhou Jiayi can boldly lead the review department.
personnel for review.
Most of the people present at the meeting were quite excited. Zhou Jiayi personally took charge of the review department and established multiple review teams, giving them a place to play as heroes in the review department.
From today on, the Review Department will definitely become one of the strong departments of the Xinjian Department, and its funding will also increase significantly. Not to mention compared with the Political and Economic Research Office and the Secrecy Office, it will at least be able to enter the top four.
The headquarters of the Xinjian Department has eight independent departments, including the Political and Economic Research Office, the Confidentiality Office, the Finance Office, the Legal Department, the Review Department, the Assistant Office, the External Liaison Office, and the Confidentiality Office. The heads of each department are members of the executive team.
Since the main focus of the Xinjian Department in recent years has been on industrial expansion, the major departments in the headquarters, except for the Political and Economic Research Office, the Confidentiality Office, and the relatively special Assistant Office, do not have much power, and many departments are even in name only.
There are not even more than ten people in the department.
Now the pain is finally over. With the development of the Xinjian Department industry, several major institutions in the headquarters are becoming more and more important to the Xinjian Department.
This time, not only their review office, but also the internal trade coordination office and the external liaison office will expand their staff, and all major departments will no longer be just decorations.
Regarding the individual people involved, Zhou Jiayi also reminded: "I hope that those within our department who have problems can explain their own problems on their own. The problem is not particularly serious, and we will not consider prosecuting them.
If you don't confess on your own and are found out by the joint review team, don't blame us for being ruthless and face prosecution, you are asking for it."
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In the next few days, the Review Department moved frequently. Many elites from law firms and accounting firms joined the Review Department. In addition, many retired personnel from the Independent Commission Against Corruption and the Commercial Crime Investigation Bureau were invited to join the Review Department.
Group executives who have a temporary review team stationed are even more nervous, fearing that huge problems will arise under their own companies. Those companies that do not have a review team stationed there are also actively conducting internal reviews at the request of their top management.
Suddenly, a hurricane blew up within the Xin Jian Department. Managers were fired every day. The Xiangjiang Commercial Crime Investigation Bureau also received a large number of economic crime cases in the past few days.
There are all kinds of gossip flying in the market, and no one knows which is true and which is false. The stock prices of many leading stocks on the Far East Exchange have fluctuated violently. The East Asia Index has also been rising and falling, and it has been soaring along with the other two major exchanges.
The scenes are in stark contrast.
Under such a situation, Xinjian Real Estate went public with a high profile. Because it holds more than 500 hectares of development land, coupled with its huge scale and excellent performance, the total market value peaked on the first day and exceeded 200 billion Hong Kong dollars. As of the close of the afternoon that day
, Xinjian Real Estate’s market value reached HK$226.8 billion, second only to Lane Crawford and HSBC, temporarily ranking third among listed companies in Hong Kong.
This is because Xinjian Real Estate acted as his own devil. Although Xinjian Real Estate was not included in the review department's list, recent internal reviews of various companies revealed that Xinjian Real Estate also had some minor problems, which affected the total market value of Xinjian Real Estate.
Otherwise, Xinjian Real Estate can completely surpass HSBC.
Regarding the current market value, Li Jianhui and the top management of Xinjian Department are also satisfied. After all, the price of Xinjian Real Estate to market makers is HK$160 billion. For such a huge valuation, it is already quite good to achieve the current increase.
30% of the shares are underwritten by Bank of East Asia, K. Wah Bank, Dao Heng Bank, Wing On Bank, and Fuji Bank. This also gives Xinjian Real Estate an extra 48 billion Hong Kong dollars in cash. In the next land auction, Xinjian Real Estate will definitely be able to
Show off your skills.
Seeing that Tung Wah Club continues to raise funds from the stock market, the malicious hot money can no longer sit still. Especially the listing of Xinjian Real Estate, which has raised tens of billions of Hong Kong dollars, has also become the last step to change the attitude of these hot money.
A straw.
While investors were still reveling in the sharp rise in the stock market, and countless new investors rushed into the stock market with their savings over the years, dreaming of doubling their worth overnight, they had no idea that a stock market crash was about to come.