The meeting between Chen Huai and Ye Xuanfeng was quite pleasant.

The cruel and indifferent real situation also means that Ye Xuanfeng has to put down his arrogant attitude and agree to cooperate with the pilot work of power grid separation in Huaihai Province, accelerate the work of the Xudong Railway duplex project, and further consolidate the advantages of coal-power joint ventures.

Chen Huai also agreed to allow Huai Energy to participate in the construction of Xinpu Coal Trading Center, coal storage and transportation base and transit port, so as not to weaken Huai Energy's position and role in Huai Energy's coal eastward export, and support Huai Energy to participate in Huaihai Rongtou.

At the same time, Chen Huai also agreed to allocate the shallow waters required for the Phase II project of Xinpu Power Plant to Huaieng to organize the land reclamation by itself, and no longer restrict Huaieng from building a larger power supply center in Xinpu.

As long as it is not too stupid, the future situation is not difficult to guess.

Meigang is not able to do several things at the same time. If Huaineng fails to promote substantial progress in the Xudong Railway duplex project, it will take three or four years. Not to mention Meigang, even if Huaineng has the spare time to promote related work, Huaineng will not let Huaineng delay it.

As for whether Huaineng will be able to participate in Dongjiang Power in the future and participate in the construction of Huaineng's East-Distribution Project, Chen Huai did not give any clear answer at this time.

Ye Xuanfeng and the others can also understand that as long as Huai can actually promote the launch of the Xudong Railway duplex project, consolidate its position in Huaidong Coal East, and strengthen the advantages of coal-power joint ventures, the time and conditions are ripe, and then propose to participate in the project construction of Huaidong Power Transportation, it is not enough for Shen Huai personally to stop it.

At that time, Chen Huai will at most refuse Huaieng to participate in Dongjiang Power, but whether the province will agree to Huaieng’s construction of another Kengkou power plant in Huaixi is not something that Chen Huai can decide.

He Chengguo did not stand up and expressed his opinion, but asked him to "do his job well", which is the fundamental reason.

The direction of domestic power system reform is to break the monopoly of regional power grid interests.

In fact, in the plan submitted by Chen Huai, the power grid and power plant construction sent by HuaiDiandong are also separated.

The power grid is independently funded and constructed by Jiangdong Power Group; the power plant construction is led by Dongjiang Power Plant Group jointly established by Meigang, Huaimei and the Provincial Power Supply Corporation.

At the same time, Provincial Party Secretary Zhong Limin asked to strengthen party building work in Dongjiang Power Group and take charge of the management of the Provincial State-owned Enterprise Working Committee, emphasizing that the Party Group and the Chairman's dual-headed leadership over Dongjiang Power Plant, which means that Dongjiang Power Group will not be completely controlled by Shen Huai in the future.

Chen Huai made concessions on this and did not show too strong desire for control. This is the basis for Zhong Limin to ask him to meet and talk in Yicheng, recommending Xiong Wenbin as the executive vice mayor of Xucheng, and supporting Mei Gang to undertake more work.

Zhong Limin, Tian Jiageng and others support Mei Gang, and after all, what they fundamentally support is the overall interests.

Similarly, Huaineng Group has relatively mature conditions in the future, and behind it is the support of He Chengguo and Song Qiaosheng, the ranks of others. They propose to participate in the Huaineng Power East Transportation Project at that time. As long as it is in the interests of multiple parties, Chen Huaineng really wants to forcibly stop it, it will only cause Mei Gang to be isolated.

Of course, Huaineng does not meet this condition now, and wants to participate with the support of He Chengguo, Song Qiaosheng and others. Zhong Limin and others cannot firmly express their position. In the end, it will only cause the water to be muddled and nothing can be done.

As for the current Huaihai Province, Zhao Qiuhua's attitude may be blurred. If Zhong Limin doesn't say it, even Xu Pei will not openly spit on the flag of the Jingjing system.

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Everyone needs to move forward with the reality of the situation.

After more than a month of intense preparations, Dongjiang Power Group was jointly initiated by Xinpu Development Group, Meigang Group, listed company Meixi Industrial Co., Ltd., Provincial Guotou, Huaimei Group, the reorganized Provincial Power Group, and Huaixi Urban Investment Group. It was officially reviewed and approved by the provincial government in early October.

The general draft of the "Huaihai-Tiandong Transmission" project development plan has long been written by the power departments of Huaihai and Jiangdong provinces, together with the Dongjiang Power Preparatory Working Group.

The registered capital of Dongjiang Power reached 2 billion, of which Meigang, Meixi Industrial Co., Ltd. and Xinpu Development Group invested 1 billion yuan and held 50% of the shares; Provincial Power Group used part of the equity assets of Zhujiang Hydropower Station, Huai Coal Group used Qingfeng Coal Mine, and Huaixi City used Qingfeng Power Plant assets to convert into Dongjiang Power, and injected a small amount of funds with Provincial Guotou, jointly held the remaining 50% of the shares.

Dongjiang Power also formed a joint venture with the Provincial Power Group to undertake all the assets of the first and second phases of the Zhujiang Hydropower Station. This joint venture will also be responsible for the subsequent construction of the cascade hydropower station in the upper reaches of Zhujiang.

Hu Shuwei served as the Party Secretary and General Manager of Dongjiang Power. Zhong Limin and Li Guben all hope that Shen Huai could serve as chairman; and Shen Huai promoted the position of chairman of Dongjiang Power to Sun Fujing as the position of chairman of Dongjiang Power.

Shen Huai has limited energy and is no better at coal-fired power than Sun Fujing.

Dongjiang Power implements a party group, with two leaders of the chairman, and Hu Shuwei, as the secretary and general manager of the party group, will actually assume the main responsibilities of Dongjiang Power's construction and operation; Shen Huai will serve as the chairman again, and will undoubtedly be a little too tightly, and people will blame him for being too ugly.

Mei Gang now holds Dongjiang Electric Power in his hands and will undoubtedly bear greater responsibilities in the future.

At present, the injecting one billion yuan of funds into Dongjiang Electric Power is only a preliminary integration of hydropower, coal, electricity and other resources in Huaixi and the middle and upper reaches of Zhujiang. The subsequent construction of cascade hydropower stations and Kengkou thermal power clusters in the upper reaches of Zhujiang will consume more than 10 billion yuan.

Shen Huai didn't want to take all the responsibilities on himself.

The promotion of Huaixi Electric Power Industrial Park is faster. In early October, in addition to accelerating the construction of many infrastructure projects, the nickel-iron smelting project invested by Meigang in Qingfeng is also being launched, and will strive to start construction by the end of the year.

By late October, Xinpu Refining and Chemical Corporation successfully started production, which also marked Meigang's entry into the ranks of large-scale United Industrial Groups.

Xinpu Shipping Group's container transportation business and Xinpu Port container terminal were also officially incorporated into the Hong Kong listed company Haisheng Shipping in mid-October.

As the new parent company of Haisheng Shipping, Xinpu Shipping Group jointly holds more than 50% of the listed company with Meigang, Xinpu Development Group, Hongji Investment, Zhongxin Investment and Zhujiang Investment. Zhou Zhibai also serves as the chairman of Haisheng, which means that a new listed company has been officially added to the Meigang Group.

Hu Lin and Gu Zexiong were ultimately unable to expel Yu Wei from Baohe Shipping Industry. After Haisheng was controlled by Meigang, it signed an agreement with Baohe Shipping Industry to invest 500 million Hong Kong dollars to acquire the container special equipment manufacturing factory invested and built in Xipizha. Of course, Baohe Shipping Industry also needs to inject this fund into Xinpu Port and the construction of Jihe Port.

Chen Huai agreed to cooperate to help Yu Wei adjust the investment structure of Bao and the shipping industry, but it would not allow Yu Wei to withdraw the capital needed for local development from it.

With the assistance of Guo Chengze, Li Gu and others, Baohe Shipping Industry obtained a financing amount of 1 billion yuan from the China Development Bank and CITIC Investment for the follow-up construction of Xicheng Shipyard and Xipizha Ship Cooperation Industrial Park.

In this way, Yu Wei and Baohe Shipping Industry got rid of the Zhao faction and became a relatively neutral existence.

Although Huaineng still invested in Huaineng Rongtou as planned, the amount of capital injection was reduced from the initial planned 500 million to 300 million; the amount of capital injection of Huaineng, a tourism and real estate company jointly established with Haifeng and Jinding, also reduced to 200 million; the plan for establishing Xudong Railway Co., Ltd. to promote the electrification and duplication of Xudong Railway was submitted to the State Council in late October to await approval.

Huaineng also began to prepare for Huaineng Electric's domestic listing.

Ye Xuanfeng and the others also realized that although Huaineng Power has strong profitability at present, it is difficult for Huaineng to quickly expand its scale with a profit accumulation of 300 million to 500 million yuan per year.

If Huaineng wants to move forward in a big way, in addition to He Chengguo and others continuing to promote the transfer of power assets, they also need to expand the scale of financing from more channels - the electrification and double-track transformation of Xudong Railway, Huaineng has to undertake a capital of up to 2 billion. If this fund is not raised in place, it will be difficult for Huaineng to make substantial progress in the work of Huaineng to go, and in the future, there will be no qualification to participate in the Huaineng power to go to Huaineng.

Financing from banks is conducive to rapid expansion, but it will also expand the scale of debt and financial burden; listing and issuing stocks are an effective means to effectively expand the scale of their own capital, and the issuing stocks are also scattered into the hands of public investors, so there is no need to worry about affecting the loss of control.

As a central-affiliated enterprise, Huaineng Group has also promoted He, Dai, Song Qiaosheng and others. If you really have to make up your mind to do it, the listing procedures can be simplified, and the promotion speed is much faster than that of local enterprises.

At the same time, Yexin Bank also went public in Hong Kong in mid-October.

Yexin Bank's total assets have also successfully exceeded 100 billion this year. In addition to the four large state-owned commercial banks, among the medium-sized commercial banks, Yexin Bank is only ranked after Rongxin and Investment. However, Yexin Bank's total assets are mainly composed of depositors, and its own capital is only 8 billion.

Domestic strict requirements for the capital adequacy ratio of commercial banks. Yexin Bank's insufficient capital has seriously affected the development of deposit and loan, trust investment and other businesses.

The domestic securities market is still small, and it only issues tens of billions of new shares every year. For example, Yexin Bank needs to raise 400 billion of large-cap stocks at one time. The State Council does not advocate or support listing in China.

Yexin Bank planned to list in Hong Kong last year to make up for the lack of capital, but it was not at the right time. Under the financial storm, the Hong Kong securities market was extremely bleak, and Yexin Bank's listing plan was delayed.

The Hong Kong securities market has not stabilized slightly and rebounded in the second half of this year. More importantly, Hongji, Zhongxin and Changqing Group have joined forces to bear more than one-third of the 4 billion Hong Kong dollar shares issued by Yexin Bank this time, which is why Yexin Bank has successfully listed.

Yexin Bank's capital has expanded to 12 billion, but at the same time, Hongji and Zhongxin, as a basic investor, have a 8% stake in Yexin Bank; and Changqing Group, along with the previous shares of Sun Family and BNP Paribas in Yexin Bank, also has a total shareholding of 13%.

Regardless of whether Ye Xuanfeng and others admit it or not, the domestic game planning is undergoing profound changes. Just taking its influence on Ye Xin Bank, the Mei Steel Group has officially surpassed them, reaching the level of recommending directors to the Ye Xin Bank board of directors.

Perhaps at this point, they suddenly realized why Yexin Bank was so active in the Huaidian East Transportation Project?

After all, Chen Huai reached a private agreement with the senior management of Yexin Bank through Yao Ronghua. Yexin Bank supported the HuaiDiandong Transportation Project, and the Meigang Group and Changqing Group supported Yexin Bank to list in Hong Kong.

Of course, this series of intensive capital operations is called Zhongxin. Hongji raised more than 200 million US dollars in overseas capital markets this year and Meigang's nearly one billion dividends in steelmaking business this year are also consumed.
Chapter completed!