Chapter 1019 Fuck Broken Heart

Rebirth: Official Road Business Road Chapter 1019 Broke my heart

When the interest demands are highly consistent. It's just a snap.

The morning of May 5th. Liu Wei informed the party secretary of China National Offshore Oil Corporation and other members of the party group on the phone about the situation of Tang Xueqian, Zhang Yejianbin and others. CNOOC was able to quickly agree with Kumho and Jiangnan Provincial Party Committee and Provincial Government through a brief discussion.

The Hong Kong listing financing plan is extremely important for CNOOC's next development. Nothing can be lost. When the outlook is bleak. Kumho's financial investment plan with a total of 400 million US dollars is like a snowball. Liu Chengwei, deputy party secretary of CNOOC, felt like he had saved his life. Novel chapters are updated the fastest

CNOOC stands on its own political standpoint, which is an interest standpoint. It is also necessary to resist Mitsui & Co.'s reaching out to the oil and gas fields at the boundary of the East China Sea. Previously considered to go public for financing may fail. Lack of confidence. The posture is soft. He didn't say a word; the success of listing and financing has been greatly improved in front of him. It is more confident to resist.

CNOOC wants to enter the refined oil market. It is to grab food from the Sinopec Petroleum Bowl. Since the Jiangnan provincial government is willing to cooperate. CNOOC's 120 intentions blocked the way to rob and buy Jinshan Petroleum. Receive Jinshan Petroleum's gas station assets and refinery assets. Even if CNOOC has a foundation in the refined oil market. Although weak. However, it is also possible to invest in the construction of a larger-scale petroleum refining base in the Dongshan Port Industrial Zone. Invest in building more gas stations in Jiangnan Province. You can even support private capital investment in building gas stations first. As long as the monopoly layout of PetroChina and Petrochemical can be opened first. "Fiction" novel chapters are updated the fastest

When Liu Chengwei and Ye Bin flew to Hong Kong to discuss the financial investment agreement in detail. On the one hand, CNOOC ordered the East China Branch of the base company to conduct substantive investment negotiations with Xinting's party on the project investment of the production support base. on the one hand. Zhang Chengyu, Vice Premier of CNOOC, flew to Jinshan. Discuss with the Jiangnan Provincial Government about investing in the construction of a large-scale refining and chemical industry base in Dongshan Port and merging the refining and refined oil sales business assets owned by Fang in Jiangnan Province. Simultaneously. CNOOC launched public relations at the central level. The promotion planning and exhibition committee adjusted the integration plan for the petroleum industry in Jiangnan Province. When Mitsui & Co.'s proposal was still being discussed below the ministries and commissions, CNOOC also resolutely voiced resistance.

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CNOOC's attitude became tougher. Very surprising. It's just that everything is temporarily hidden under the water. Chi Zuoxiu couldn't find what the problem was.

"Can you know where the problem is?" Chi Zuoxiu Zang sat cross-legged on the tatami. Looking at his friend in China, Miyamoto Yuzo, Secretary of the Japanese Embassy in China. ask him.

"Mitsui's intelligence department has not collected any useful information?" Yuzo Miyamoto's forehead was slightly bald. He has just been promoted from the first secretary of the embassy to the secretary's position this year, and he enjoys his life in Beijing in China. I am also used to talking with Chi Zuoxiuzang in Chinese. He knew that the Mitsui Economic Research Institute used the numerous branches of Mitsui & Co., Ltd. to collect intelligence on Asian economic industries is extremely powerful.

"CNOOC's oil and gas exploration and production business in the South China Sea Xijiang and Bohai Bay and other sea areas need to invest a lot of money. According to the information submitted by the research institute, CNOOC's overseas listing financing plan is not going smoothly." Chi Zuoxiu really can't understand How could officials of Chinese state-owned enterprises, who are used to being wise and safe, make such a tough statement. He surveyed tea for his friend. asked. "At this time, they made it clear that they rejected Mitsui's investment. Aren't they afraid of being attacked by political opponents for this reason when the overseas listing plan is frustrated? They are not capable of overseas listing financing, but they are still qualified to pick and choose the cooperation funds that come to them. Four..." Chi Zuoxiu's last sentence imitated the tone of an imaginary Chinese official questioning politics.

"As far as I know, CNOOC and its long-term partner, Phillips Petroleum, are also having trouble with new oil field exploration projects. If they lose the support of Phillips Petroleum, CNOOC will be in a more embarrassing situation—his attitude is It's a bit strange." Miyamoto-san said.

"It's not just strange, Jane is abnormal. How many Chinese officials have a strong backbone. Why are they all gathered in CNOOC?" Chi Zuo Xiuzang's tone was somewhat disdainful and mocking that he had contact with Chinese officials in Beijing. Know that many officials in China are not too greedy. But more will also take a moderate stance of prudence and self-defense. He also complained to Miyamoto Yuzo. "As far as Mitsui & Co. itself is concerned, there is no special desire for boundary oil and gas fields. Participate in the development if you can. If you can't participate in the development, you must delay CNOOC's development to the greatest extent. People on the phone. Let the firm find out what went wrong as soon as possible."

"I think preventing CNOOC's overseas listing and financing can effectively delay the extension and development of China's oil industry to the sea and create a series of chains that are beneficial to Japan." Miyamoto Yuzo said. "When we can't find out where the problem is for a while, we will use various means to prevent CNOOC's overseas listing plan. In fact, we can achieve the effect we want. Even if this giant bar is destined to rise, we must delay it as much as possible. Rise."

"Hong Kong is a special administrative region of China. CNPC is going to be listed on the Hong Kong Stock Exchange this time to raise funds. How should we exert influence?" Ike Zuo Hidezo did not want to discuss any rationale with Miyamoto Yuzo. Ask more pragmatic questions directly. "Suppress crude oil futures. Or let the Economic Research Institute publish an analysis report that is unfavorable to CNOOC..."

"That's some of the things we can do—" Miyamoto said. "Hong Kong is the financial center of Asia. In a more prepared sense, it is the financial and economic center of global Chinese businessmen, especially tens of millions of Chinese businessmen in Southeast Asia. Chinese businessmen are the most widely distributed in Southeast Asian countries. It is very small. But for the reasons I mentioned above, the influence of Southeast Asian countries on Hong Kong's capital market is not small..."

"Oh. Got it. It's a good idea. Chi Zuoxiuzo nodded and said with a smile. "But I want to prevent CNOOC from going public overseas. It's not just these few companies... It's just that some people jumped out to make trouble. We should help push it. "

China can't help but have a dispute with Japan on the demarcation of the East China Sea. There are also fierce conflicts with Southeast Asian countries such as the Philippines, Indonesia, Malaysia, and Vietnam in the demarcation of the South China Sea. ocean. In the final analysis, it is also a dispute over the ownership of marine economic resources. The Philippines, India, Vietnam and other countries will naturally not see the rapid ocean extension of China's oil industry. It is common to prevent CNOOC from going public overseas.

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By convention. International investment banks that participate in the Hong Kong stock market and investment issue analysis reports on companies that are about to be listed and raised in the Hong Kong stock market for investment reference. This will serve as an important reference for investors to participate in the stock market.

5 In the Hong Kong stock market, there have been many reports that are unfavorable to CNOOC. Some financial media in Southeast Asian countries and even Singapore and Hong Kong have made negative reports on CNOOC.

"What a headache!" Ke sat in Zhai Danqing's office. Put your hands behind your head. He leaned back on the sand. On the low teak table are negative reports on CNOOC from two Hong Kong media. Although it has been more than a year since Hong Kong returned to China. The Hong Kong media still likes to report negative reports on mainland China. Even so, the function of public opinion supervision will be better. But when things happen to me, I still feel a headache. Besides, these negative reports are not simple. There are also black hands behind the scenes. "It seems that Xinwu can't go." Zhang Ke tilted his head back. Looking at Zhai Danqing standing behind the sand. Take her hand to hold her warm and lubricated hand. Said. "I knew that love would not be so simple... Things really are not so simple."

According to the Hong Kong law, CNOOC and listed distributors are not allowed to publicly release listing information through the media before the listing hearing. Although CNOOC's top management will not be too honest. It's just a lack of experience in dealing with such situations. Some led the lead underwriter by the nose.

As an investor, it placed the largest share of shadow orders for CNOOC's listing in Hong Kong. Moreover, whether CNOOC can be successfully listed is also related to the development of the petroleum refining and chemical industry in Jiangnan Province. At this time, it is natural to muster your strength.

In two days, the National Tourism Administration will hold a meeting in Xinwu on summarizing and promoting the planning and development of Xinwu's tourism industry. Many tourist cities across the country sent representatives to participate. This is an affirmation of Xinwu's development of tourism industry in the past two years. Zhang Ke originally planned to take the weekend to go back to Xinwu. In name, it was to celebrate his father. In fact, you can relax yourself. At this moment. Even if I go back to Xinwu, I can't relax. It's better to stay in Jianye and fly to Hong Kong in person if there is any situation.

There are others in the office who are looking in the direction of the door of the room. Zhai Danqing also wants to be more intimate with Zhang Ke. Stand behind the sand. Holding Zhang Pan's slightly pricked chin. Let the back of his head rest against his soft belly. Looking down at Zhang Ke's eyes. The black eyes are very bright. The eyes are deep and charming.

"I have great confidence in CNOOC..." Zhai Danqing said with a smile.

"It's not that I have confidence in CNOOC." Zhang smiled lightly. Feel Zhai Danqing's lower abdomen soft and warm against his head. "I am confident in China's oil and energy industry monopoly policy and China's economic growth in the next ten years—"

"Dong dong dong..." Cui Guoheng knocked outside the office. The door was not closed. He heard Zhang talking inside. Push open the door and come in. asked with a smile. "I also want to ask: Why does Ke Shao have such strong confidence in the monopoly policy of the oil and energy industry?"

Danqing moved aside as if nothing had happened. It seems to be talking with Zhang Ke in a normal posture.

Not to Zhai Danqing's warm and soft little hands. Zhang Ke could only put his hand on the armrest on the sand. Cui Guoheng please sit down. Said: "In terms of law, the state wants to directly control the lifeline of the industrial economy. This is the natural advantage of state-owned enterprises in the monopoly operation of basic industries-not to mention this aspect. There are still many people who think that these are necessary Things that have been reformed. Purely from the consideration of national interests. Judgment. The monopoly directly intervened by the special administration is actually a double-edged sword in the field of oil and energy industry. We have seen that monopoly enterprises are prone to breed corruption and bureaucracy, resulting in low production efficiency Shameless plundering of the market. But on the other hand, domestic dependence on overseas crude oil imports is increasing. The international crude oil market is dominated by oil giants. These oil giants do not represent national interests. If the central government can stay sober You will know that in the international crude oil market, there must be oil giants representing China's national interests. At this time, the so-called domestic top three of PetroChina, Sinopec, and CNOOC have not yet had the strength to go to the international crude oil market. The time is very urgent. What should I do? The central finance is also tight. Huge financial subsidies cannot be given to it. For a short-term plan, we can only grit our teeth and insist on the monopoly of oil and energy. Let these three industries go to the monopoly market to suck blood...Compared with the oil industry. I believe that the domestic The coal industry with abundant resources may be open to private capital.”

Cui Guoheng sighed slightly. I can't figure out what Zhang Ke is still spending all day in Dongda University, maybe it's because of life.

"Although it has been decided to make a financial investment in CNOOC. The center is out of due diligence. It still needs to give a report-although the scale of CNPC is much smaller than that of PetroChina and Sinopec. But CNOOC's monopoly and the third largest monopoly in the Chinese market The status of an oil trader should be able to guarantee reliable returns from this financial investment.” Cui Guoheng said

Zhang Ke said with a smile: "Under the shelter of state monopoly, the huge oil consumption market with a population of 1.3 billion is divided among the three companies. If you can't make money, you really have to be stupid to the extent that the top management of the three companies are stupid. .Many state-owned enterprises like to engage in behind-the-scenes transactions in Shanghai and Shenzhen, but they are very clean and orderly in front of foreign friends. The State Economic and Trade Commission and CNOOC put Liu Chengwei in charge of listed companies. It is also to improve overseas investors' perception of China's oil industry the opinion of."

"Indeed. You have a deep understanding of domestic industrial policy. Few people can match it. The biggest selling point of CNOOC's Hong Kong listing and financing this time is its monopoly on offshore oil and energy." Cui Guoheng saw the Hong Kong newspaper "" Ming Pao". Said. "However, the media and some investment banks have released negative reports and reports to focus on this point. This is a bit of a headache."

Zhang Ke nodded and admitted that he was also confused about this.

The negative media reports are not to say that the Chinese government's monopoly and exclusive policy on the oil industry is a heinous crime

In early 1999, private capital was officially liberalized. capital into refined oil sales. The earliest pilot places like Guangzhou. The scale of privately-owned and privately-owned gas stations has already been controlled. The petrochemical media and investment banks in the southern market all boldly predict that the Chinese government will further relax restrictions on the crude oil exploration and refining industry—this will affect the most important intangible assets of CNOOC. That is to say, it will have a devastating impact on the monopoly and franchise of offshore oil.

CNOOC is still inexperienced. on the one hand. CNOOC desperately explained to investors that its monopoly on offshore oil and energy is another aspect of the listed company's greatest wealth. The media and investment banks judged that CNOOC's monopoly on offshore oil energy would be impacted. In the future, PetroChina and Sinopec's oil and energy monopoly franchise will also be impacted--1999. Private capital that has just entered the field of refined oil sales believes that the state will continue to release restrictions on the oil industry. The domestic media are also fanning the flames to report on this aspect. CNOOC has blindly emphasized the monopoly franchise. In the eyes of investors, it feels a bit harsh. Doubts run deeper.

In addition, even the field of raw mining and refining is not completely open.

The Hong Kong Ming Pao reported on the full page coverage of Xining's private capital entering the crude oil extraction and refining industry the day before yesterday.

As early as 1994. China Petroleum and Natural Gas Corporation (CNPC) signed an agreement with the Xining government to develop resources in the area because of the extremely low efficiency of crude oil extraction in the Xining area (no money can be made). Hand over some oil fields to local government organizations in the city. The local government due to lack of funds and technology. They have adopted the method of attracting investment and selling wells. Introduce joint ventures to participate in oil development. It also includes private capital. As a result, more than 1,000 private oil production and refinery companies flocked to the Xining district (private oil production is very profitable and also causes great damage to the environment). At this time, it has become the pillar industry of Xining District.

Although in the field of domestic oil extraction. This is only a small part. Nor has it been officially recognized by the State Council. But it is also considered to have opened a small hole in crude oil extraction and refined oil refining. At the beginning of 1999, the central government officially relaxed the restrictions on private capital entering into the sale of refined oil products. Many people take it for granted that the controls on crude oil extraction and refined oil refining will be further liberalized.

This kind of policy is expected to be extremely unfavorable to CNOOC's overseas listing.

Zhang Ke's impression of CNOOC is vague in his memory. Just remember that CNOOC's second listing in Hong Kong suffered a severe setback. Don't know much about festivals. But during this period of time, he conducted detailed and in-depth investigation and research on the domestic oil industry. Then compare it with the vague impression. The previous life was born in the past but did not exist in his memory. It is not difficult to deduce it.

It doesn't matter whether there is a black hand behind it. Or the real media public opinion is like this. It was this kind of policy expectation coupled with various factors such as the lack of vitality of the Hong Kong capital market at that time and the sharp drop in crude oil prices. This eventually led to the abort of CNPC's overseas listing plan. It is precisely the failure of CNOOC's overseas listing plan that directly prompted the central government to resolutely ban the private oil production industry in Xining District, blocking the opening of private capital to enter the oil production field. It caused a sensation at that time in Xining Petroleum - the central government's oil monopoly policy was determined to help PetroChina and Sinopec's overseas listing to resolve the biggest resistance. Unfortunately. The two companies, PetroChina and Sinopec, have no backbone. It can also be said that Zhong Hai's failure was greatly stimulated. CNOOC's overseas listing in 1999 set the price-earnings ratio at around 9 times. PetroChina Zero Zero is to ensure the success of overseas listing. The price-earnings ratio dropped by half (46 times) at once. Based on the later profitability of PetroChina. Overseas listing in 2000 is almost like stuffing fat in the mouths of overseas investors. Including overseas listing of domestic financial assets in the future. All guilty of this severe hypochondriac.

The impact of CNOOC's secondary listing failure is so great. Zhang Ke can see clearly. It was unpredictable by others. At least in the advance report of the research center, only the negative impact of China's offshore oil industry was analyzed. Once listing fails. The opening of the Demarcation field is doomed to delay. The development of China's offshore oil industry has been delayed for at least two to three years. It is also detrimental to the economic development of Jiangnan Province. The biggest disadvantage is that the overseas listed state-owned enterprises have learned the wrong lessons from the failure of CNOOC's secondary listing. After that, state-owned enterprises’ overseas listing and financing are mainly based on net assets. Instead - rely on the price-earnings ratio to calculate the stock price according to international practice. It is difficult to calculate the specific number of billions of national interests lost.

Zhang Ke thought about it. Ask Zhai Danqing: "Is there any need for us to go to Hong Kong? I want to talk to Brother Liu Chengwei and Mr. Sun..."

Danqing hesitated for a moment. Said: "Then I will accompany you to Hong Kong." She was still a little afraid to meet Tang Jing. Always guilty conscience.

Zhang Ke asked Cui Guoheng: "Does Dean Cui have time to go?"

"I'm not very useful. It's better to stay in Jianye and write two articles." Cui Guoheng said.

Zhang Ke shook his head and smiled. Said: "Defend the state monopoly at this time. But you will be hit with bricks."

"I'm thinking that the central government may be a little shaken at this time." Cui Guoheng said thoughtfully. Then he laughed at himself. "It's nothing to be able to wear the same trousers as giants like PetroChina, Sinopec, and CNOOC."

Zhang Ke was right when he thought about it. It is necessary to turn domestic public opinion over. You cannot dismantle yourself. It is also necessary for the central government to once again express its position on the monopoly policy of the oil and energy industry. Maximize the resolution of overseas investors' doubts.

Cui Guoheng left the office. Zhai Danqing walked over and closed the office door. Sit on the armrest of the sand. He smiled and said, "It was CNOOC that went public overseas. The lead underwriter was also someone else. In the end, we, Kumho, did our best behind the scenes."

If it is only for the pursuit of maximizing profits. Kumho should beat the underdogs. CNOOC's overseas listing plan suffered even greater setbacks. Set up a game. However, participate in the mid-year overseas stock market stock exchange plan of Petroleum. The income will increase several times - just can't see China's strength. Kumho's assets - many. What good? It also lacks sufficient guarantee and potential for further development.