Chapter 71: The Real Game

ttle ponytail at his neck. Occasionally he would gaze out the floor-to-ceiling window at the moving subway trains and brightly lit high-rises. He thought back to when he wore drab suits and carried br...Chapter 71: The Real Game of Strategy

"In the recent period, I have convened five internal seminars consecutively. Guo Jiangtiao's criticism hit hard. After the provincial government issued the provisional measures for managing the reduction of state-owned shares, our group's stock price has been plummeting continuously. The situation inside and outside is extremely worrying. Within such a short time, the average share price has dropped by 1.6 yuan, and five days ago it turned over completely with the market now at its limit-down level. The decline has already approached twenty percent so far. If this continues, all my work for the first half of the year will be in vain! Recently, Secretary Lu Guizhong of the Provincial Party Committee timely proposed a macro slogan to 'strengthen state asset supervision and ensure preservation and appreciation,' hitting at me with these two measures. This year, our leadership team's底線 is not suffering huge losses; do they now also want us to achieve preservation and appreciation Is there a move towards replacing our personnel"

Su Licheng said this over dinner to Wang Bo.

Su Cen knew that his father had been facing continuous troubles recently, both from within the group and externally. The root cause of these problems was the document issued by the provincial government concerning state-owned share reduction. In essence, although central authorities had earlier released provisional measures, local governments were all observing the situation carefully. Furthermore, this involved key interests, so who would dare to make sweeping changes immediately Everyone would reserve their options to see how much room for maneuver there was under central policy.

A few bold provinces and municipalities led in implementing these measures. On one hand, they gained attention, but on the other hand, they had solid backing. As for Chengdu's billion-club members, only Dayong Construction stood out; how could Wang Bo act recklessly However, opinions from provincial leaders emerged.

"I am also maneuvering at a higher level now. But as far as I know, although Guo Jiangtiao initiated this round of measures, he received support from Lu Guizhong and Huang Siyong. The views for and against state-owned share reduction clashed fiercely in the Standing Committee meeting. Ultimately, among twelve members of the Provincial Party Committee, they garnered six votes, with three abstentions. This push is too strong; you need to come up with a way out. I will try my best to secure some preferential policies from the city government for you. The key is to weather the second half of the year. As long as Dayong Construction can reasonably adjust its property rights structure under such significant reform, and focus on economic structural highlights and new growth points, no one would dare make a move against your group."

Wang Bo raised his eyebrows and added, "During the Standing Committee meeting, someone even slammed the table in protest, saying, 'What's wrong with the stock market falling It’s exactly what we want to force those who are speculating into bankruptcy!' If this spreads further, it could cause an even more severe plunge in the stock market, leading to unpredictable consequences."

Wang Weiwei, Lin Zhongwu, and Lin Luoran also roughly understood how complicated the situation was and all turned to look at Su Chan.

Su Chan knew that the provincial government's directive this time was unprecedentedly forceful. The current external reactions were intense, with everyone discussing the reduction of state-owned shares. In Sichuan Province, the most resolute executor of this directive was the Deputy Secretary of the Provincial Committee, Guo Jiangtiao and his clique.

The combined power of these influential figures was formidable, capable of sweeping away everything in their path. Under such intense pressure, if Wang Bo hadn't been holding firm, Su Li Cheng might not even have made it to the end of this year to hold onto his position as the CEO of the largest group within the province.

After all, he had quickly risen to power; how many people would be envious and constantly making moves Without the strong backing from Xu's old man and Wang Bo’s push, Su Li Cheng wouldn't have been able to sit in this position. Similarly, if Xu's old man were still in office, no one within the province would dare to act so boldly. The disadvantage lay in Su Li Cheng being unstable at his foundation; now that the opposition had united against him, it was highly possible that they would prematurely end his political career.

Su Chan glanced at Wang Bo and didn't dare overestimate himself into believing that Wang Bo's staunch defense of his viewpoints during the Standing Committee meeting was influenced by their previous conversation about the speculative nature and overly aggressive government intervention in the current reduction policy of state-owned shares, which he had internalized.

Wang Bo must have his own criteria in mind. On one hand, he is considering Su Cen's adoption of certain measures; on the other hand, there are political considerations involved because such actions might cause him to lose a lot of his personnel appointment power.

Seeing Wang Bo and his father both stirring up waves within the province, making them feel like they were being roasted over a fire, Su Cen could well understand their current state of mind.

The level of this game is far from amateur. Beneath the surface calmness of everyday life, every policy guideline or summary issued by the government is actually a strategic move in this game. Sometimes one wrong step can turn an advantageous position into a disadvantageous one.

Su Cen sighed and said, "Actually, reducing state-owned shares is a necessary and correct measure, but the timing of implementation was inappropriate, and there are some shortcomings in the upper-level plan. The core of the 'Methods for Reducing State-Owned Shares' is that when new or additional stocks are issued, 10% of the proceeds should come from selling state-owned shares. I’ve also read the recent newspapers and editorials; the public’s wide-ranging debate currently centers on Article Six of the 'Methods', which stipulates that reducing state-owned shares should generally be done at market prices, tying high-priced reductions to initial public offerings (IPOs) and additional share issues. "He paused and continued, "In my view, two-thirds of the stocks in listed companies are non-circulating state-owned or corporate shares, which is a significant reason for maintaining high price-to-earnings ratios in the securities market. Therefore, equating the price of circulating shares with that of the stock market itself in the 'Methods' is problematic. The two cannot be conflated."

Wang Bo and Zhang Qing were both staring at Su Cen, but Su Licheng did not stop him; he had long since grown accustomed to treating Su Cen as an independent adult rather than a subordinate.

Wang Bo chuckled and said, "Only you could so brazenly negate the 'Interim Measures' set by high-level officials in the central government. Su Cen, it's not good for you to enter politics; even if you can accomplish tasks, you might not necessarily be able to hold office."

Su Cun nodded and said, "Yes, if I were to take office as an official or a politician, I would be too immature to accomplish anything. So, I can only work hard on my business."

The laughter of the crowd briefly alleviated the slight dullness of this banquet.

After eating, Wang Bo and Su Licheng went to the study room to continue their discussions. Recently, Sichuan Province had been in a state of turmoil due to internal disputes over provincial government documents, with various viewpoints fiercely clashing. As for Wang Bo's municipal committee meetings and provincial committee meetings, who knows how many times they have been held. Su Licheng even issued an order to convene multiple high-level meetings of Dayong Construction Group at all hours, sometimes extending until one or two o'clock in the morning.

However, the real events did not end there. This summer, with the central government's directive on "Interim Measures for the Management of State-owned Share Reduction," a full-scale outbreak occurred across various regions and cities nationwide, plunging China's stock market into turmoil. Only by being immersed in this raging flood can one truly feel the insignificance of individual power and the overwhelming force that cannot be resisted.

But Su Cun was like a person paddling a small boat, heading straight toward those massive waves.

Rongcheng was lit up with fireworks and lights, but Su Cun knew this was merely the temporary clamor of summer. The true game and final decision would follow in quick succession!轉碼失敗！請您使用右上換源切換源站閱讀或者直接前往源網站進行閱讀！