Qi Tongwei: Sign-in relationship started during student days

Chapter 835 Long Fuhai Takes Action

"You are right, the nature is indeed different, but the power is the same. If there is no one to cultivate the barren land, people will fight for it once it is cultivated.

The reason why Weiye Group made such a statement was not because of any other reason, but simply because it controlled too many assets, so many that they attracted the covetousness of others.

If Weiye Group only had tens of millions or hundreds of millions of assets today, this statement would never have come up.

Similarly, the more prosperous Beishan Automobile becomes and the more prominent Qi Tongwei becomes, the more people will pay attention to him, the more competitors he will have, and the more people will magnify this issue.

Beishan Auto has no deferred assets, so will there be another explanation? For example, Beishan Auto is fully invested by Beishan Finance and has not received any other funds.

Long Shaowei felt that his father must have been confused by Qi Tongwei's anger. "Impossible, this statement is totally untenable."

Long Fuhai glanced at his son and said, "Then calculate how much money has been invested in building Beishan Auto from scratch?"

Long Shaowei thought for a moment and replied, "It should be over ten billion. I've learned that in addition to upgrading the production line itself, they've also built an engine plant, a bridge box plant, and corresponding supporting factories. The total investment should be around 1.5 billion."

Long Fuhai exhaled a puff of smoke and said slowly: "1.5 billion.

Last year, Beishan received at least 1 billion yuan in funding from the central and provincial governments alone. Adding to Beishan's financial resources, it shouldn't be difficult to come up with this amount of money."

Something suddenly flashed through Long Shaowei's mind, "You mean..."

"That's right. The Beishan Municipal Government is fully capable of meeting the requirements for building Beishan Auto and creating this legendary project. Why did they bring in foreign capital? What was once 100% state-owned enterprise has now become 51%. Do you think this constitutes a loss of state-owned assets?"

Long Shaowei nodded blankly, "If that's the case, then of course it counts, but..."

"But what?"

"However, this is not enough to convince others. Dad, don't forget that in the past six months, Beishan has been making great moves. Various projects in the city have been launched one after another. It also has to bear the basic security of hundreds of thousands of laid-off workers in the entire city.

If we don’t leverage private funds and instead divert Beishan’s finances to invest in cars, we won’t even be able to maintain basic normal operations, let alone development.”

Long Fuhai laughed. "What do the conditions you mentioned have to do with the Beishan Automobile we're discussing? There's no rule that says we should sell off state-owned assets due to financial difficulties, killing the goose that lays the golden eggs."

If this were the case everywhere, then we in China would probably have to sell even the printing factory.

And there is another thing you need to know. Beishan's finances are not as difficult as you think. As soon as he took office, Qi Tongwei borrowed 20 to 30 billion yuan from his old employer, government departments at all levels in Handong. It is fully capable of being self-sufficient, and at most its development will be a little slower.

Of course, some people may say that Qi Tongwei borrowed all this money by relying on his own face, but he used the Beishan Municipal Government as a guarantee, and the money will eventually be repaid by the Beishan Municipal Government, not Qi Tongwei personally.

Therefore, the fact that he created state-owned assets is an established fact and he cannot deny it.

Long Shaowei still disagreed, "Dad, what you said is too idealistic. Even if you say it to the sky, taking the case to the central government will only be a mess at best.

If Beishan wants to develop and race against time, it will inevitably have to sacrifice something.

If you can use 49% of a company's shares to help a prefecture-level city with a population of several million rise, it's worth it in anyone's eyes."

Long Fuhai said: "Whether it is worth it depends on the market value of Beishan. If Beishan Automobile's assets were only 100 million or 1 billion, people would only praise Qi Tongwei for doing a good job and making a big profit with a small investment.

But if Beishan Auto's assets swell to 10 billion or 20 billion, does that mean 4.9 billion or 9.8 billion have flowed into the hands of individuals? That's an astronomical sum.

And how much loss has it caused to the country and the people. When we look back on this matter, it will no longer be a political achievement, but important evidence of Qi Tongwei's selling of state assets and corruption.

If you invest 5 billion, you can make a 20% or 50% profit, but you cannot make a 100% or 200% profit.

In other words, this kind of excessive profiteering has deviated from the existing concept of a free economy and is tending towards capitalism.”

Long Shaowei nodded. China's political ecology can be said to be very complex, or in other words, many things are vaguely defined. This statement is completely valid. Even if it is not valid, there will be controversy. Once there is controversy, Qi Tongwei's career may be stopped.

"It's undeniable that what you said makes sense, but it's probably going to be very difficult for Beishan Automobile to reach 10 billion."

Long Fuhai said: "Ten billion may be difficult, but now it seems that within half a year, Beishan Automobile's market value should reach several billion, which should be no problem.

Moreover, with Beishan Automobile's current development trend, it is foreseeable that the 10 billion yuan can be achieved within three years at the latest.

In fact, if we wait a few years before bringing this issue to light, Qi Tongwei will surely be dead without a burial place."

What a pity, I can't wait that long.

In a few years, I will retire, and he might become even more popular. By then, I will expose the problem, but it will be forgotten and it will not have any impact on him. "

Long Shaowei was startled and asked, "Do you mean to report this to the higher-ups?"

Long Fuhai waved his hand, "What's there to report? You don't even know how deep Qi Tongwei's background is.

Even my old boss told me not to confront him head-on.

So the usual methods were useless to him.

My idea is to take advantage of the recent popularity of Beishan and have someone raise this issue. Even if Qi Tongwei cannot be dismissed from his post, he must be prevented from getting a permanent position.

I think if he were to take over, there would be a lot of people who would be unhappy, and we wouldn't even need to find evidence."

Long Shaowei understood, "You mean like we did with Sha Ruijin?"

Long Fuhai nodded. Although he didn't know who used public opinion to deal with Sha Ruijin last time, it was undeniable that this was a very good method.

"I don't think you'll succeed. You want to use Beishan's popularity to create a topic that's unfavorable to Qi Tongwei. This method is indeed a good one, but I don't think any reporter would dare to risk offending these people by reporting on Beishan Auto's problems."

Long Shaowei pointed at the figures of Pei Yihong and the other two that flashed by on the TV.

"Especially Zhao Anbang. He crossed many more and bigger red lines than Qi Tongwei did. He might just be labeled as crossing the river by feeling the stones.

After all, reform is bound to make mistakes, and that's what you always say."

"Even if we're crossing the river by feeling the stones, there has to be a limit, a bottom line." Long Fuhai was annoyed by his son's repeated denials. "I say, whose side are you on? Why do you always speak for him?"