As Sha Zhengyang said, there is no need to pursue any strategic investors or so-called partners who can bring rich management experience, which is a gimmick or even a joke.

How can competitors bring you improvement? Cooperation is also based on equal strength, otherwise it is a grab.

To improve your management experience and risk response, of course, you can recruit elite executives, but it is not worth it to give a large amount of stock to those strategic investors. Isn’t it more worthwhile to give these elite executives some options equity?

Of course, it is very delicate to choose the right time to go public and cannot be a big pit. However, with China's current economic development trend, China PetroChina, which basically holds a semi-monopoly position, has no reason not to give investors a good return.

Of course, the premise is that it is necessary to make drastic reforms to various deep-rooted ills in these state-owned enterprises, especially the bloated institutions and even inbreeding. This is the biggest problem for a company.

Take a look at the ratio of assets, profits and employees of foreign giants such as Sinopec and foreign foreign capital such as Mobil, BP, and Shell, and you will find out how big the gap in their own management is.

Of course, national conditions are also a reason, but you must formulate clear plans to solve these problems, and you cannot be blindly optimistic because of the good market conditions.

Of course, this has a lot to do with the mechanism of the head of a state-owned enterprise that ignores old accounts. Anyway, I have to indulge in one term when I am glorious. As for the next term, or even further away, what does it have to do with me? I will either retire or be promoted. In short, it has nothing to do with me.

According to domestic practice, no one will seriously pursue the responsibility of the previous one. Whether it is promotion, transfer or retirement, as long as you do not make mistakes that exceed the bottom line of the principle, nothing else is important.

Sha Zhengyang's words obviously had some impact on You Wangang. Although he had just taken office, he had a rough understanding of Sinopec's future development pattern. Listing is a major trend in the future, and it is the top priority in future work. Raising funds and benchmarking internationalization, and building Sinopec into a multinational oil giant that benchmarks globally for China. This is the next goal of Sinopec.

As of now, Sinopec's refining and chemical resources are significantly stronger than crude oil supply resources. This problem is difficult to fundamentally improve even after many years in his previous life. However, the various experiences of You Wangang's appointment at Changhe Energy made it difficult for him to accept this situation again.

There is no reason Sinopec can do what Changhe Energy can't do. Moreover, Sinopec's resources in all aspects are much stronger than Changhe Energy. The strength of refining and sales terminals and even CNPC has to retreat. As long as the shortcomings in crude oil supply are made up, Sinopec can truly become a global competitor.

Thinking of this, You Wangang's eyes became more friendly when he looked at Sha Zhengyang. If Sha Zhengyang could be transferred to Sinopec, this guy's international vision would be more forward-looking than the so-called elites within the company. Perhaps those people are better at specific details, but in terms of strategic vision, You Wangang thinks that no one in Sinopec can look at Sha Zhengyang against him.

Seeing that You Wangang was just pondering and silent, Sha Zhengyang felt that You Wangang was a little moved, and wanted to strike while the iron was hot: "In fact, we don't have to underestimate ourselves at all. Sinopec has a good foundation and a complete system. Upstream and downstream industrial chains have been formed. Specially, when foreign multinational oil companies have not yet been allowed to enter the domestic market, it can be said that it is a pattern of equalizing the world with Sinopec. Using this semi-monopoly advantage to strengthen its own strength, go out vigorously, and even consider deepening its foreign market. In addition, the prospects of the domestic natural gas market are very promising, Sinopec can still make a difference in this... "

"Okay, Zhengyang, don't sell me a slut here. How can I not understand your mouth? I was used to hearing this when I was in Hanchuan. Now at Sinopec, are you here for me again?" You Wangang said angrily: "I won't say it's far away. Are you interested in Sinopec?"

"Ah?" Sha Zhengyang was really shocked by You Wangang's sudden attack. "Mr. You, what do you mean?"

"What else can it mean? I think you can show your talents better when we come to Sinopec. Changhe Group is indeed good, but it is limited to the corner of Hanchuan. Sinopec is much bigger. I believe you can perform better on this stage. How about it?"

You Wangang sincerely wanted to recruit Sha Zhengyang. After being with Sha Zhengyang for more than a year, he felt comfortable working. Many new ideas and ideas slowly emerged under the enlightenment of Sha Zhengyang, which even brought him to Sinopec, which made him particularly miss the time when Sha Zhengyang was there.

"Mr. You, your words have had a great impact on me. I have never thought about it. Moreover, I am not from the petrochemical industry and I am not familiar with the petrochemical industry. If you want to talk about some strategic plans, I can talk about it on paper, but I am afraid that others will not work." Sha Zhengyang subconsciously pushed it.

"No one is perfect, who can be proficient in everything?" You Wangang disagreed. "You are doing well in Changhe Energy. Even the Prime Minister gave good comments on the overseas strategy. I went to the Prime Minister a few days ago to report on his work. He also mentioned that Changhe Group's overseas strategy was very successful, and also encouraged Sinopec to learn from the young brother of Changhe Group. I think that when I go to report to work with me, several vice presidents were ashamed of it. With this, you can stand up straight when you come to Sinopec."

"Different." Sha Zhengyang calmed down, "Mr. You, I'm telling the truth. Changhe Group was in a state of breaking the deadlock at that time. In fact, the goal was to find a stable oil source, which happened to catch up with such an opportunity. But later you also know that other people were doing specific operations. I played a role in the early matchmaking role, but Sinopec is different. Its mechanism is very complete, and there are many talents in all aspects,..."

You Wangang shook his head: "That's different. Sinopec's current situation is still in the original slow state of being step by step. To be honest, I'm not very satisfied. After two investigations, I didn't feel good. I was immersed in the state of being the best in the world. I can't feel the pressure from the outside world. For example, the rise of Changhe Group, CNOOC's efforts in the natural gas sector, and the explosion of local refining companies led by Shandong. With the addition of the WTO, multinational giants may

Entering these crises, I think we are not sensitive to these crises, and we are still staring at the listing optimistically, completely forgetting what the purpose of listing is. In the final analysis, you have to build your strength and competitiveness so that you can be invincible. It is not that money will be done in the listing circle. If the company is not well-managed and the stock price is not strong, shareholders also have to vote with their feet. You can't just think that you are a state-owned company and turn a blind eye. Then you are really in danger."

A look of admiration flashed through Sha Zhengyang's eyes. He didn't expect that You Wan had seen Sinopec's problems so clearly after two months of taking office.

At the top, Sinopec has always had shortcomings, and the assets that have been separated from Sinopec are not as good as Sinopec in terms of production capacity and quality. Many of them are in the middle and late stages of mining, with the increasing cost of mining and the production capacity gradually declining. Of course, there is no danger in the short term, but in the long run, if you don’t find a way to make up for this shortcoming, it will become the shortest piece of the barrel.

But now it seems that CNPC and Sinopec are focusing on listing, and they feel that all problems can be solved after listing, but they did not expect that if they get money from listing, they must use these funds to the point of using them to achieve the best benefits. This is the most critical and important thing.

Sinopec's biggest shortcoming is oil and gas resources. In addition, the pipeline network is also a bottleneck that restricts Sinopec from becoming bigger. When dividing assets, Sinopec took away most of its pipeline assets. This area is also a fatal injury to Sinopec. It is time-consuming and labor-intensive to build a pipeline network. Moreover, the country will not support this way of starting a new business, which is too wasteful. But this means that the initiative is in the hands of Sinopec. Even if Sinopec makes breakthroughs in the territory of Sinopec in the future, the pipeline resources will be subject to the other party.

Of course, the country will definitely make unified allocations, but the best result is that the pipeline network is more conducive to everyone's competition by handing over a separate neutral state-owned company.

"Mr. You, it seems that you have seen the company's problems very clearly, but I'm over-concerned." Sha Zhengyang smiled and felt much more happy. "I still have the same view. Listing is important, but we cannot put the cart before the horse. We must figure out the purpose of listing. We must use funds to the places where we need it most. Sinopec's shortcomings are very obvious. Then the funds raised should be used here. When oil prices are sluggish, it is the most suitable time for mergers and acquisitions. For our domestic oil companies, oil and gas resources will only become increasingly tight. Our domestic demand will reach a peak in the next twenty years. So to put it in an inaccurate way, any asset that can provide stable oil and gas resources is worth acquiring, especially in recent years."

Sha Zhengyang still remembers the record of the high price of oil prices in space-time and space in the past life, which soared to more than 140 US dollars per barrel. Similarly, CNOOC's veto for the acquisition of Unicorn has left a deep impression in the hearts of many people. Therefore, oil and gas resources are by no means simple ordinary resources. Whether it is for China or other countries, it will only benefit if it is obtained earlier.

After China PetroChina has obtained huge amounts of funds after its listing, it should go overseas boldly and spend money in the right place. This is correct. Once it is delayed to the later stage, the international situation becomes increasingly clear, and European and American countries' sense of gain and joy after China's joining WTO gradually fades, the consideration of real interests will make them increasingly preventive or even hostile measures against China's rise.
Chapter completed!