Chapter 295 Reversal
"Mr. Xie, do you think... we'll serve the dishes later?"

On the evening of the Economic Person of the Year awards ceremony, the popular young business leader Xie Jingxing hosted a banquet at the Peninsula Hotel Wangfu, welcoming guests from all over the world, whether they were investors or experts and scholars.

It was already past dinner time, and the night was cold and deserted, lacking the bustle of the past. The hotel general manager gently reminded us that if the deposit was not refunded, we would have to pay for the food.

[Thank you for your kindness. I have something urgent to do and I really can't leave. We will meet again next time. ]

It's embarrassing for an acquaintance to call or send a text message like this. It's our first meeting today, so just pretend you have no knowledge of it.

Xie Jingxing put down his phone: "Give me a bowl of noodles first."

"Okay, what kind of noodles would you like?"

"Just clear soup noodles."

"Hold on."

Chicken soup that has been cooking for a whole day, three or two handmade thin noodles, and a handful of green cabbage. This bowl of noodles is delicious but only costs 39 yuan, which is not profitable. It is not on the normal menu and is a hidden item for many years of gourmet diners.

The business was a huge loss. The general manager of the hotel stood at the door with his eyelids squinted, looking dejected. The waiter walked over on the soft carpet and gently placed the noodles on the round table that could seat ten people.

In the empty banquet hall, a dozen waiters were standing in scattered corners, whispering and gossiping about Xie Jingxing who was rolling up his sleeves and eating noodles.

He is worthy of being a rich second generation. He spent hundreds of thousands of dollars down the drain without even a ripple, and yet he still has an appetite to eat.

"Hey, hello, Mr. Xie Jingxing is here, right?"

Three middle-aged men in suits and carrying briefcases with rustic temperament appeared in front of him. The hotel general manager, who was scolding the waiters for being careless, withdrew his attention.

"Well, they are Mr. Xie's guests, the leaders of Luzhou High-tech Zone Construction Investment Company." The lobby manager who was leading the way helped to introduce them.

The hotel general manager nodded and greeted him immediately: "Leaders, please come this way."

"You keep busy, we..."

One of the leaders, who was wearing glasses and had a gentle temperament, was talking halfway when the scene in the banquet hall after the door was opened choked his throat. He suddenly had the urge to turn around and run.

I thought my speech this afternoon would offend some people, but I didn't expect it to be to this extent. Wouldn't I be regarded as the first one to be shot?

"Let's go. Since you are here to seek the true scriptures, rolling through mountains of swords and boiling water is not unusual."

The other leader, who had dark skin and was short, wore his suit awkwardly. Judging from his appearance, he was the oldest leader. His voice was neither loud nor soft, and it echoed in the banquet hall.

The young man bent over and buried his head in eating noodles, his movements paused slightly, he put down his bowl and chopsticks, raised his head, and smiled with pure white teeth, saying in pure agreement: "Seeing the nature and being sincere, the place where you look back is the sacred mountain."

"Boss Xie, you used your colleagues to say that we are nothing but famous people. I'm afraid you were referring to us."

The short leader laughed in silence, and walked up to him and held out his hand: "Yang Gongye, the Management Committee of Luzhou High-tech Zone, I've learned a lesson today."

"Hello, Mr. Xie, I am Xiang Yuan, deputy general manager of Luzhou High-tech Zone Construction Investment Company."

The gentle leader introduced himself and added: "Before I came here, our Director Yang had just finished reading your paper, and I also studied it carefully."

This sentence not only clarified the identity, but also eased the belated embarrassment.

The management committee of the development zone of a provincial capital city often has a director who is also the secretary. It is a high-level member of the municipal team, only half a step lower than the No. 1 who walks the street in the middle of the night in Chuncheng City. Xie Jingxing felt that this banquet was worth it to be able to take the initiative to visit in this manner.

"For the semiconductor chip industry fund, Grapefruit Capital is willing to invest 40%, local finance will invest the same proportion, and 20% of social capital will be introduced. The total size of the fund will be no less than billion yuan."

In return for the favor, he simply threw out real money.

This plum is too big. Director Yang, who has never frowned even in an oil pan, was speechless for a moment. Xiang Yuan's eyes were wide open and his mouth was twitching. The accompanying secretary who failed to introduce himself wanted to find a crack in the ground to crawl into, chanting "Can't see me, can't see me".

The Ministry of Finance and the Ministry of Industry and Information Technology jointly set up a large semiconductor fund with a scale of hundreds of billions. You, the social capital, have set up a hundreds of billions fund in the same industry. This is really social!
Are they boxing in the same ring? They have completely offended two important departments. Even if there is a huge investment of 400 billion yuan, there has to be a place that dares to take it. There is no guiding fund for the economic development of the entire city.

Without the support of the bosses in the department, the comrades from the city who have been running projects in Beijing all year round would be the first to bang the table and curse.

"Mr. Xie, our initial idea is to hand over a guidance fund to a private equity asset management institution for custody and operation as mentioned in your paper. Grapefruit Capital meets the relevant standards, and you are also a fund manager with a very strategic vision."

Director Yang smoked three cigarettes in a row and left with mixed feelings.

Admiration, entanglement, shame, and most of all, pity. It is rare to find such a young person in ten years.

"Hello, Mr. Xie. We are from the Suzhou Industrial Park Committee. My opinion is that 25 billion yuan is too large. We can try 50 billion yuan. We will contribute % and you will contribute %. Otherwise, it will be difficult to circumvent supervision and hand over the fund to your company for full management."

"Hello, Mr. Xie. Our semiconductor manufacturing industry in Xi'an has developed rapidly in recent years, and the city has given very strong support. So, you can come to our local area for inspection first. There are several excellent projects that need financing. Internet storage is also a downstream industry of the semiconductor industry. We have a unique location advantage. You must come and have a look."

"Mr. Xie, you have interacted with Rongcheng quite a bit, so I won't be polite. Let's not talk about the chip industry guidance fund. Our cultural tourism and logistics and transportation industry foundation potential is no weaker than that of Chuncheng. If you are willing to set up a 60 billion fund, we can give you % of the investment return rate. How about doubling the return ratio?"

The car with Luzhou license plate drove away, and the car with Suzhou license plate in the parking lot opened its door, followed by Xi'an and Chengdu.

The few companies came and left in tacit understanding as if they had agreed in advance, and the conditions they offered also strictly followed the order of priority. But even so, only these four companies dared to come.

"Luzhou."

Xie Jing Xing whispered to himself as he ate up the remaining half bowl of cold noodles: "Someone will come to pay the final payment tomorrow. Prepare another table for me next Friday."

"Next Friday, you mean the 25th of this month?"

The hotel general manager confirmed with a pained look. He really wanted to say that actually the Hilton Hotel across the street was not bad either, so you should just pick that one!

"Yes, number 25." Xie Jingxing turned around and disappeared into the night. …………

"Mr. Xie, the securities regulatory department wants to talk to you. They said that our stock market investment before the New Year was suspected of malicious stock price manipulation."

"I can't spare the time. You go and talk first."

"We sent a formal inquiry letter for this meeting, specifically requesting that you come in person. In addition, the local taxation and industrial and commercial departments in Shanghai came to the company for a surprise inspection today. We did not receive any advance information. Do you know the situation?"

"There are quite a few departments that have come to me for interviews these days. They are not at a high enough level and have to wait in line."

"..."

On the first day after the annual summit speech, Su He and Tang Man called at the same time, and the content of their calls was similar - young people need to be tempered.

"Xie Jingxing, are you sick?! Please don't drag us down with you if you want to die. Today, a leader asked me whether Didi's inaction in the face of regulation was influenced by the strength of certain shareholders. How should I respond to this?!"

"When will the next round of financing be launched? After Yan Wenhua joins the company, he will take over the public relations in this regard. In fact, it is also possible to ask him to help out now."

"Don't avoid the main issue, OK?! I think we really need to have a good chat... A friend told me that the business sector is holding a closed-door meeting to discuss the harmful effects of market malicious competition caused by excessive speculation of social capital in technology innovation companies. You know where this meeting came from, right?"

"Thank you, I know it very well. I'll treat you to a meal when I'm free in a few days."

"Phew, you better wish yourself the best, don't waste the rest of your life in vain."

The next day, Liu Qing called unexpectedly. His words were harsh but his heart was soft, as if he was expressing pity for his dying enemy.

"Wufeng Agriculture, do you know about this project? Someone reported you by real name for using the influence of a leading venture capital company to suppress Wufeng Agriculture's valuation, causing its capital chain to break."

"I'm sorry, I don't understand."

"As an influential investor in the venture capital industry, you should be clear about your guiding role and be strict with yourself. Wufeng Agriculture is a leading agricultural company in Liaoning Province, providing jobs and economic output for the local area."

"From local governments to local banks, and even to supervisory units at all levels, they are all actively nurturing the healthy development of such high-quality enterprises. You can't simply raise the banner of market freedom and normal business behavior and say you can bring this company down at will."

"The domestic financial market is in a period of rising development, and the corresponding regulatory system is being improved, but this does not give you the confidence to exploit loopholes and rob people by force by using the politically correct means of European and American countries. This is naked barbarism!"

"I think both Grapefruit Capital and Taihe Capital need to make rectifications within a time limit, re-learn the market access system, and organize a corresponding working group to conduct supervision and review."

On the third day, the Development and Reform, Finance, and Commerce departments held a joint meeting, and several chief clerks talked with Xie Jingxing for the entire day.

The level is not high, but it is precisely the low level that costs lives.

What's interesting is that the company used Wufeng Agriculture as the entry point to focus on grapefruit Taihe, but did not mention the subsequent acquisition by Yunshan Group. This shows that young Xie Zhao is far inferior to old Xie.

"Husband, are you still in Beijing? I've been feeling a little dizzy these past few days and want to go to the hospital for a check-up."

"I'm a little busy, let Yuan Jin go with you."

"After the examination, please come to my house for dinner. You haven't been here for a long time. My mother has been talking about you every day recently. It's a good opportunity to wish you a happy new year in advance."

"Okay, I'll talk to you in a few days when I have time."

"...Xie Jingxing, I'm going to be angry!"

On the fourth day, Zhou Fenglan, whose kindness was taken for granted, hung up the phone angrily, and Xie Jingxing had nothing to say.

"The Ministry of Commerce and the Development and Reform Commission have jointly formulated guiding opinions for the venture capital industry, which will be announced tomorrow!"

"Please keep it to yourself. It won't be good for everyone if you release it."

"I can't hold it back. Do you know what the capital is? You've made a big mistake this time!"

"Then let them send it."

On the fifth day, Yu Nian announced that the speed of progress was beyond Liu Qing's expectations. The court was set up in one day, the arrests were made in one day, the interrogations were conducted in one day, the convictions were made in one day, the executions were carried out in one day, and the executions were carried out in one day.

"It's a meeting!"

"watch the news!"

After the sun rose as usual on the sixth day, Xie Jingxing received messages from Yu Nian and Liu Qing respectively.

[The State Council presided over a standing meeting and decided to establish a national emerging industry venture capital guidance fund with a quota of 400 billion yuan to support innovative enterprises in the early stages of development, promote the integration of technology and the market, innovation and industry, and promote the economy to move towards the middle and high end... It emphasized that the entire fund should be operated in a market-oriented manner... and issued an operational guidance opinion...]

"did you see it yet?"

The sound of north wind howling came from the other end of the phone, and Yu Nian asked in confusion.

"look in."

"Where are you?"

"I'm watching the snowstorm from the tower."

The snow was blowing everywhere, and the square in front of the city tower was covered in white. Xie Jingxing put his hands in his arms and said, "Secretary Wu, let's go now that we've seen enough. The weather is a bit cold."

"Good weather and auspicious snow means a good harvest." Secretary Wu responded in a serious tone.

(End of this chapter)