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Chapter 2842

~9 min read 1,606 words

After Li Shuangli left, Wei Ziming first proposed a toast to Hu Quanyou and Gao Zhiyong, and then Cai Jianguo proposed a toast to both of them separately.

Then the speed of everyone's drinking slowed down, eating and drinking while talking. If you don't consider consumption, the food at the Baozhou Hotel was still quite good. Wang Qin was enthusiastically urging the leaders to eat.

Wei Ziming asked casually what help Hu Quanyou came to Baozhou City to help Su Xinghui this time. Hu Quanyou said it was for the large ski resort project in Yinshan County, which surprised Wei Ziming very much.

Wei Ziming naturally knew about the situation in Niutouyu and knew that the infrastructure situation there was not satisfactory, and infrastructure had become the main bottleneck hindering the development of the tourism industry there.

If the ski resort there was really built, it would naturally be good for Wei Ziming. After all, Wei Ziming was the mayor, and all the achievements in the city had his share.

However, Wei Ziming naturally didn't want to let the city spend money and effort to engage in infrastructure construction there for this ski resort project. The financial resources of Baozhou City were not abundant.

Unexpectedly, these difficulties were solved by Su Xinghui quietly. This Su Xinghui was really a capable general!

Wei Ziming had seen many people with backgrounds, but like Su Xinghui, who had both background and ability, that was rare.

Before, Wei Ziming didn't like Su Xinghui, just because he couldn't stand him sitting on an equal footing with old revolutionaries who had participated in the revolution for decades at such a young age, and he didn't have much opinion about him personally.

He had always thought that Su Xinghui rose so fast because of his background, but now it seemed that Su Xinghui was also a capable person. Not only was he capable, but he also had responsibility. Several things were originally unrelated to the work he oversaw, but he also helped to do them, and did them very well, which made Wei Ziming change his view of Su Xinghui.

After drinking a few more glasses, Cai Jianguo said to Gao Zhiyong, "President Gao, now the Provincial State-owned Assets Management Group is the big creditor of our state-owned enterprises in Baozhou City. I propose a toast to you, hoping that President Gao will raise his hand on the issue of debt repayment!"

Many state-owned enterprises in Baozhou City were now in difficulty, and their biggest burden was naturally the loans owed to those state-owned commercial banks. These loans were now transferred to the Provincial State-owned Assets Management Group, so the Provincial State-owned Assets Management Group was the largest creditor of state-owned enterprises in Baozhou City.

With the increase in interest, this burden was becoming heavier and heavier, pressing these enterprises so they couldn't breathe. In another year or two, many enterprises would only have the path of bankruptcy.

Once these enterprises went bankrupt, those laid-off workers would put huge pressure on the municipal government, so Cai Jianguo wanted to take this opportunity to talk to Gao Zhiyong about this matter.

During this period, the investors invited by Su Xinghui were quite interested in many state-owned enterprises in Baozhou City, but their biggest concern was the debt of these enterprises. Their debt burden was too heavy. If investors took over these burdens, they couldn't stand it, and if they didn't take these burdens, the Baozhou City government wouldn't want to.

Gao Zhiyong smiled and drank this glass with Cai Jianguo, then said, "Does Mayor Cai know how I met Mayor Su?"

Cai Jianguo shook his head.

Gao Zhiyong told the story of how he met Su Xinghui, and then said, "I think debt-for-equity swap is a good way of cooperation. If Baozhou City can find suitable investors, I think we can also cooperate happily like we did at the Yanfang Group."

As soon as Cai Jianguo heard this, he was overjoyed. If debt-for-equity swaps could also be carried out in Baozhou City, then many investors would be willing to do so. Although the shares were diluted, the debt was reduced by more than half, which had great benefits for the operation of the cooperative enterprises after the joint-stock reform, and the risk was also greatly reduced.

Cai Jianguo raised his glass again very happily and said, "Come, President Gao, I will propose a toast to you again. You have to work hard on the matter of debt-for-equity swaps."

Gao Zhiyong laughed, "This is naturally no problem. This is a matter entrusted to me by Mayor Su, and I will handle it well no matter what."

In fact, Su Xinghui really didn't tell Gao Zhiyong about debt-for-equity swaps, but Gao Zhiyong naturally had to say it was for Su Xinghui's sake. This was to elevate Su Xinghui, and also let Cai Jianguo accept Su Xinghui's favor.

Cai Jianguo said, "Mayor Su has also worked hard. These state-owned enterprises in our Baozhou City are really worrying. Now none of them are efficient, and they all owe a lot of debt. If it weren't for the support of your State-owned Assets Management Group, it would be really hard to handle."

Gao Zhiyong said, "This is also a matter of no choice. Now the situation of state-owned enterprises in the country is not good, not just your Baozhou City. We are doing this debt-for-equity swap to reduce the pressure on state-owned enterprises. This is support for state-owned enterprises."

Hu Quanyou said to Wang Qin, "Wang Qin, President Gao is so supportive of state-owned enterprises, our power department cannot fall behind. Should we also support state-owned enterprises and reduce their pressure?"

Wang Qin said knowingly, "Then let's do this, let's not urge the electricity bills owed by state-owned enterprises in Baozhou City so tightly."

This was another unexpected joy for Cai Jianguo. Among the debts owed by state-owned enterprises, the most were naturally loans, followed by electricity bills and payments for goods. If viewed as a whole city, the Power Bureau was one of the largest creditors of state-owned enterprises in the entire Baozhou City. If the electricity bills owed by the Power Bureau could be paid back later, the pressure on state-owned enterprises would be much smaller.

Cai Jianguo hurriedly proposed toasts to Hu Quanyou and Wang Qin respectively.

This meal was enjoyed by both the host and the guest, and everyone dispersed happily.

Su Xinghui chatted with Gao Zhiyong in Gao Zhiyong's room in the evening. He asked Gao Zhiyong why he also came to Baozhou City. Now it was Gao Zhiyong's critical moment, why didn't he stay in Yanzhong City and run more relationships.

Gao Zhiyong laughed and said, "Sigh, I have also seen through it. If I get it, it's my luck; if I lose it, it's my fate. I have run all the relationships that should be run. I even invited Minister Zhao to dinner alone the day before yesterday. Running again is futile, so I might as well come to Baozhou to see you."

Su Xinghui didn't expect Gao Zhiyong to have such a good mentality now. He nodded and said, "President Gao, your mentality is really good, but this is also good, maybe there will be some unexpected surprises."

Gao Zhiyong laughed, "If there are really any unexpected surprises, then it's thanks to your auspicious words!"

Su Xinghui stood up and said, "President Gao, then you rest early, I'll go back first."

Today Gao Zhiyong and Hu Quanyou both drank a lot, and Hu Quanyou drank more and had already rested. Gao Zhiyong nodded and said, "Alright, you rest early too!"

The next day, Gao Zhiyong was accompanied by Cai Jianguo to visit several large-scale state-owned enterprises. Several investors had taken a fancy to these state-owned enterprises and wanted to carry out joint-stock reform, but the debt was too much, so the cooperation plan could not be decided for a long time.

If Gao Zhiyong represented the Provincial State-owned Assets Management Group to make a final decision and set the debt-for-equity swap plan, the joint-stock reform of these state-owned enterprises should be able to pass relatively smoothly.

And Su Xinghui went to Yinshan County with Hu Quanyou. Hu Quanyou came for the reason of the large ski resort project in Yinshan County, so naturally, he had to go to Yinshan County to take a look.

Wang Qin, the director of the Baozhou City Power Bureau, and Liu Xin, the director of the Tourism Bureau, were also among the accompanying personnel and went to Yinshan County together.

Su Xinghui and Hu Quanyou took a car. In the car, Hu Quanyou said, "Mayor Su, I really drank too much last night."

Hu Quanyou's drinking capacity was quite good, but besides Wei Ziming and Cai Jianguo proposing several toasts to him yesterday, most of the people present were from their power system. They naturally kept proposing toasts to him. In front of Su Xinghui and the others, Hu Quanyou was embarrassed to put on the airs of a leader and drank solidly.

So, Hu Quanyou really drank a lot yesterday and went to bed early. Today there were some bloodshot eyes in his eyes.

Su Xinghui laughed, "Then what should you do when you go to the county today? The comrades in the county propose toasts even more fiercely!"

Hu Quanyou sighed, "What can I do? It's still drink if I should drink, don't let others say I put on airs."

Su Xinghui said, "It's okay, I'll let Xing Guodong's people drink less with you later, and I'll drink a few less glasses with you."

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End of Chapter

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