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Chapter 54 Investing in PetroChina

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Ding Zhipeng said word by word: "Leader's instructions: The transformation of scientific and technological achievements into real productivity should fully respect the labor of scientific and technological workers. Therefore, he decided to allocate US$1.299,000 in full to Comrade Su Cheng, that is, you."

Ding Zhipeng has read Sucheng's information countless times in the train box, but now seeing his youth and calmness, he is still full of emotion and said in a soothing tone: "Of course, according to our country's regulations, in addition to paying full taxes, it is best to convert US dollars into RMB."

The national exchange rate is naturally 3.7 for foreign exchange, which is half less than the black market.

Su Cheng took a deep breath, first digested the news brought by Ding Zhipeng, and then keenly grasped the word "best" and asked tentatively: "If I don't exchange RMB, can I directly deposit US dollars in my account?"

A female cadre behind Ding Zhipeng coughed and said, "Isn't millions of RMB enough to spend?"

"This is not a question of whether it is spent enough, it is me exercising my own power." After two minutes of conversation, Sucheng had adapted to their names and spoke magnificently.

Although the National Social Reform Commission is indeed powerful, it is ultimately led by the central government. You can tell with your feet that this matter is so great. Otherwise, even the Shandong Provincial Party Committee or the Minister of Petroleum would not have the right to grant Sucheng 1.29 million US dollars.

Think deeper, if "bargaining" is not allowed, why should this row of people appear? Send documents directly, who dares to refuse to execute them?

Ding Zhipeng indeed showed a embarrassed look and advised: "If you want to keep the US dollar in a small amount, we can ask the comrades from the People's Bank of China to prepare hundreds of dollars or thousands of dollars. If there is more, it will not be easy."

At this time, everyone in the oil school was already shaking. It was still possible to imagine hundreds of dollars, and thousands of dollars, which was separated from their concept. No one knew what could be done with such a lot of money, could it be that they would buy American flour every day?

It was a cadre who took the time to guide them out of the classroom. Naturally, no one will pursue the issue of "early love" anymore.

When there were only a few people left in the room, Su Cheng said: "I don't want to convert US dollars into RMB according to the official price. If I can't keep the US dollar, can I use it to buy foreign goods?"

"What then? Be a self-employed person?" The female cadre opposed the payment, and her tone was as stiff as if she had a wooden stick.

Su Chengyiran said: "It's not bad. Or, I can ask some self-employed people to help sell it on behalf of others. After all, the difference is several million, so it's worth it to work hard."

The female cadre turned her head in anger. Her monthly salary plus subsidy was almost a hundred yuan standard. Now she heard that she used millions of units to work, she felt naturally strange.

Ding Zhipeng started from a political perspective, but did not want the image of a "scientific and technological worker" established by the state to be tarnished by the smell of copper. So after a few more persuasions failed, he proposed another plan and asked: "Sucheng, we are now working on a pilot program for the reform of state-owned enterprises. Since you have sufficient funds, are you willing to participate in the operation of state-owned enterprises? If you allocate funds in this way, you can not only enjoy the discounts of overseas Chinese investment, but also exempt from income tax."

Overseas Chinese investment means counting in US dollars. Sucheng has already nodded secretly. It is definitely unrealistic to ask others to pay at the black market price.

The female cadre added: "The income tax threshold is 400 yuan, 1.29 million yuan, and there is a tax of more than 564,000 yuan."

I don’t know if I do it, but I was shocked when I calculated it. Not only Su Cheng, but Ding Zhipeng’s temples were leaping.

560,000 US dollars is more than the fiscal revenue of some prefecture-level cities. In fact, the early personal income tax was originally aimed at foreigners who received high salaries. When it was founded in 1979, the threshold was 800 yuan, which was more than 10 times that of senior national cadres. It was only revised to 400 yuan in 1986, but it was still 800 yuan for foreigners.

However, Su Cheng was not going to sleep with a passbook worth millions of yuan - if he did this, he would probably not be able to sleep well.

He hesitated for a moment and asked, "What state-owned enterprises can I invest in?"

Ding Zhipeng asked back: "What state-owned enterprises do you want to invest in?"

"Central Petroleum!" Su Cheng rushed out.

The few people present were stunned for a while before they reacted. Ding Zhipeng smiled angrily and said, "You young man, okay, you have not yet listed on PetroChina, so you are just attracted to it? Do you want to invest in the Ministry of Petroleum first?"

They are all from the National Social Reform Commission, so they are naturally well aware of the reform of ministries and commissions in the next year.

Su Cheng laughed awkwardly, but a wave surged in his heart. Since Buffett can invest in PetroChina, why can't we?

Of course, this sentence cannot be said at this time.

Su Cheng then asked carefully: "That Shengli Oilfield?"

Ding Zhipeng still shook his head.

"Then, oilfield machinery factory?" If Su Cheng had $1.29 million, he could indeed build another factory. However, at most he would know some design and know nothing about operating and building factories. If he threw a new factory to him, there were not enough managers, no technical home, and no skilled workers, he wouldn't have been completely blind.

In 1987, there were no headhunting companies, and the workers and managers who were familiar with factories were mostly state-owned enterprises with iron rice, and they were in an era when they could not hire people even if they had money.

Ding Zhipeng looked back, and several people lowered their heads and discussed for a few words, then said, "Okay. However, the amount of shares must be calculated based on the actual situation, and the opinions of the workers must be solicited."

"No problem." Su Cheng didn't mind whether he had a controlling stake. He was already the second-in-command of the factory and was enough to exert influence. In addition, this is a large factory covering an area of ​​nearly 4,000 acres. After 20 years, just selling land can be sold for hundreds of millions.

As for now, the main calculation method of factory assets is the total amount of factory buildings, equipment, inventory and receivables. No matter how it counts, it will not suffer any loss.

However, while several people were there, Su Cheng tentatively said unwillingly: "CNPC will be listed next year. Can I calculate my assets in the machinery factory as shares of CNPC?"

"We need to study this." Ding Zhipeng did not refuse flatly, but instead surprised Su Cheng.

In fact, this is a background of the times. 1987 was an important experimental stage for the National Social Security Reform Commission to carry out the shareholding reform of state-owned enterprises. All Chinese people, including Ding Zhipeng, were not sure of the final result of the shareholding reform. Just a few years ago, people were still opposing the contracting system and the contracting system. Now, no one cares about the transfer of management rights, but has touched on the core property rights issue.

From the perspective of Ding Zhipeng and others, there is no essential difference between Sucheng's ownership of the machinery factory and the ownership of PetroChina... Moreover, when listed by PetroChina, it was originally necessary to calculate the assets of its subsidiaries and incorporate them into its own body. Sucheng's requirements are reasonable.

Even because PetroChina has a large capital volume, Sucheng, as a small shareholder, is less eye-catching than the large proportion of shares in the machinery factory.

Ding Zhipeng was determined to use it as a pilot and said, "When we finish the joint-stock transformation of the machinery factory, we will check the situation, but you can actively apply."

Su Cheng naturally nodded repeatedly. If Buffett's acquisition of stake in PetroChina in 2004 was considered the original shares, then could he invest in 1988 be the legendary founder's stock?

Soon, the comrades from the Central Committee of the China Economic Reform Commission were taken away by the oil field leaders. The leaders of the oil school smiled silly and waved goodbye in the exhaust gas of the car, as harmless as a panda.

When Su Cheng arrived, the director of the teaching staff smiled and shouted: "Shu Lan, Director Su is here, go and have fun, I'll ask for leave for you."

The teachers around couldn't help but turn their heads.

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ps: If you have any recommendation votes, vote for some, after all, it is a forced weekly promotion...

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c~.《》~
Chapter completed!
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