Rebirth of the Official Business Route

Rebirth of the Official Road Business Chapter 1019 Broken Heart

When the benefit appeal is highly consistent. It can be shot immediately.

On the morning of May 5th. Liu Wei briefed China National Offshore Oil Corporation Party Records and other party members of the situation of Tang Xueqian, Zhang Yejianbin and others on the phone. After a brief discussion, China National Offshore Oil Corporation will soon be able to unanimously agree with Kumho and the Jiangnan Provincial Party Committee and the Provincial Government.

The Hong Kong listing and financing plan is extremely important to CNOOC's next development. Nothing is to be missed. When the outlook is bleak. Kumho's financial investment plan totaling US$400 million is like a snowfall. Liu Chengwei, deputy secretary of the CNOOC Party Leadership Group, felt like he had saved his life. Fastest update of novel chapters

CNOOC stands on its own political standpoint that is based on its interests. It is also necessary to resist Mitsui & Co.'s reaching out to the East China Sea boundary oil and gas fields. The previous consideration of listing and financing may fail. Lack of confidence. The posture is soft. There is no answer; the confidence of the success of the IPO and financing is greatly improved. Even more emboldened to resist.

CNOOC will enter the refined oil market. It is to grab food from the Sinopec Petroleum Bowl. Since the Jiangnan Provincial Government is willing to cooperate. CNOOC 120 intends to block the road and rob the acquisition of Jinshan Petroleum. Accept Jinshan Petroleum's gas station assets and oil refinery assets. Even CNOOC has a solid foundation in the refined oil market. Although very weak. But it is also possible to invest in the construction of a larger-scale petroleum refining base in the Dongshan Port Industrial Zone. Invest in the construction of more gas stations in Jiangnan Province. It is even possible to support private capital to invest in the construction of gas stations first. As long as the monopoly structure of PetroChina Petrochemical can be opened first. "Fiction" novel chapters are updated fastest

When Liu Chengwei and Ye Bin flew to Hong Kong to discuss specific financial investment agreements. On the one hand, CNOOC instructed the East China Branch of the company's subsidiary to conduct substantive investment discussions on the production support base project with Xinting's party. on the one hand. Zhang Chengyu, Vice Premier of CNOOC Corporation, flew to Jinshan. Negotiations with the Jiangnan Provincial Government regarding the investment in the construction of a large-scale refining and chemical industry base in Dongshan Port and the acquisition of Jiangnan’s refining products sales business assets. at the same time. CNOOC started public relations at the central high-level. Promote the planning and exhibition committee to adjust the integration plan of the oil industry in Jiangnan Province. When Mitsui's proposal was still being discussed at the level of ministries and commissions, CNOOC also resolutely resisted.

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CNOOC's posture became tough. It was extremely unexpected. It's just that everything is temporarily hidden under the water. Chizuo Hidezo couldn't find where the problem was.

"Can you know where the question is?" Chi Zuo Xiuzang sat cross-legged on the tatami. Looking at his friend in China Yuzo Miyamoto, secretary of the Japanese Embassy in China. ask him.

"The Mitsui Intelligence Department did not collect useful information?" Yuzo Miyamoto's forehead was slightly bald. He has just been promoted from the first secretary of the embassy to the position of clerk this year and enjoys his life in Beijing in China. I am also used to talking with Chizuo Xiuzang in Chinese. He knew that the Mitsui Economic Research Institute used the numerous branches of Mitsui & Co., Ltd. to collect information on Asian economies and industries very powerfully.

"CNOOC's oil and gas exploration and production operations in the Xijiang and Bohai Bay areas of the South China Sea require a large investment. According to the information submitted by the research institute, CNOOC's overseas listing and financing plan is not going smoothly." Chi Zuo Xiu really did not understand. How could officials of Chinese state-owned enterprises who are accustomed to protecting themselves be so tough? He surveyed tea for his friend. Asked. "At this time, they clearly stated that they rejected our Mitsui investment. Are they not afraid of being attacked by political opponents amidst the frustration of overseas listing plans? They are not capable of overseas listing and financing, but they are still eligible to pick up the cooperation funds that actively come to the door. Four..." Chi Zuo Xiuzang's last sentence imitated the imaginary tone of Chinese officials questioning politics.

"As far as I know, CNOOC and its long-term partnership Phillips Petroleum are also having troubles in the new oilfield exploration project. If they lose the support of Phillips Petroleum, the situation of CNOOC will be even more embarrassing-his attitude is It's a little weird," Miyamoto said.

"It's not just weird. Jane is abnormal. How many Chinese officials are tough. They all gathered in CNOOC?" Chi Zuo Xiuzang's tone was somewhat disdainful and ridiculed for his contact with Chinese officials in Beijing. I know that many officials in China are not too greedy. But more people will also take a gentle stand that protects themselves. Then he complained to Miyamoto Yuzo. "As far as Mitsui & Co. is concerned. There is no special desire for the boundary oil and gas fields. If you can participate in the development, you will participate in the development. If you can't participate in the development, it will delay the development of CNOOC to the greatest extent. People over the phone. Let the office find out what went wrong as soon as possible."

"I think that preventing CNOOC's overseas listing and financing can effectively delay the expansion and development of China's oil industry to the ocean and create a series of chains that are beneficial to Japan." Miyamoto said. "When it is unclear where the problem lies. It is blocked by various means to prevent CNOOC's overseas listing plan. It can actually achieve the effect that we want. Even if this giant is destined to rise. We must delay it as much as possible. Rise."

"Hong Kong is a special administrative region of China. PetroChina is going to list and raise funds on the Hong Kong Stock Exchange this time. We should exert influence." Chisa Hidezo did not want to discuss any major principles with Miyamoto Yuzo. Ask some more pragmatic questions directly. "Press crude oil futures. Or let the Economic Research Institute issue an analysis report that is unfavorable to CNOOC..."

"These are also some things we can do--" Miyamoto Yuzo said. "Hong Kong is an Asian financial center. In a more prepared sense. It is the financial and economic center of global Chinese businessmen, especially Southeast Asian tens of millions of Chinese businessmen. Chinese businessmen are the most widely distributed in Southeast Asian countries. Generally speaking, Southeast Asian countries have overseas capital markets. It’s very small. But for the reasons I mentioned above, the influence of Southeast Asian countries on Hong Kong’s capital market is not small..."

"Oh. Got it. That's a good idea. Chi Zuo Xiuzang nodded. He smiled and said. "But I want to prevent CNOOC from listing overseas. It's not just these few... It's just that some people don't jump out to make trouble. We are going to help push it. "

China cannot help but disputes with Japan over the delimitation of the East China Sea. There are also fierce conflicts in the delimitation of the South China Sea with countries such as the Philippines, Indonesia, Malaysia, and Vietnam in Southeast Asia. Ocean. After all, it is a dispute over the ownership of marine economic resources. Naturally, countries such as the Philippines, India, Asia, and Vietnam will not see the rapid expansion of China's oil industry in the ocean. It is common to prevent CNOOC from listing overseas.

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As usual. International investment banks that participate in the Hong Kong stock market and invest in companies that will be listed on the Hong Kong stock market for financing will publish an analysis report for investment reference. This will serve as an important reference for investors to participate in the stock market.

5 The Shanghai Zhong Hong Kong Securities Market has continued to report that there have been many reports on CNOOC’s adverse effects on CNOOC. Some financial media in Southeast Asian countries and even Singapore and Hong Kong have negative reports on CNOOC.

"It's really a headache!" Ke sat in Zhai Danqing's office. Pillow your hands behind your head. Lean back on the sand. Negative reports on CNOOC from two Hong Kong media are placed on the teak dwarf table. Although Hong Kong has returned to China for more than a few years. The Hong Kong media still like the negative reports of Buda6, although such public opinion supervision function will be even better. But I still feel a headache when things happen to me. Besides, these negative reports are not simple. There are also black hands manipulating behind it. "It seems that Xinwu can't go." Zhang Ke tilted his head back. Looking at Zhai Danqing standing behind the sand. Hold her warm and smooth hands. Said. "I knew that love would not be that simple... things really are not that simple."

According to Hong Kong's French Tianjin CNOOC and the marketer before the listing hearing, CNOOC's executives, who are not allowed to publicly publish listing information through the media, are not too honest. Just lack of experience in handling such situations. There are lead underwriters to lead the way.

As an investor, he placed the largest share of shadow orders for CNOOC's Hong Kong listing. Moreover, whether CNOOC can successfully be listed is also related to the development of the petroleum refining industry in Jiangnan Province. At this time, it is natural to have enough strength.

In two days, the National Tourism Administration will convene a meeting in Xinwu to summarize and promote the planning and exhibition of Xinwu's tourism industry. Many tourist cities across the country sent representatives to participate. This is an affirmation of Xinwu's development of the tourism industry in the past two years. Zhang Ke originally planned to take the weekend to visit Xinwu. It was to celebrate his father in name. In fact, I can relax myself. At this moment. Even if I return to Xinwu, I can't relax. It's better to stay in Jianye and fly to Hong Kong in person.

There are others in the office looking at the direction of the room door. Zhai Danqing also wants to make friends with Zhang Ke. Standing behind the sand. Holding Zhang Pan's slightly pierced chin. Let the back of his head touch his soft belly. Looking down at Zhang Ke's eyes. Eyes are very bright. The eyes are deep and charming.

"I have great confidence in CNOOC..." Zhai Danqing said with a smile.

"It's not that I have confidence in CNOOC." Zhang faintly smiled. Feeling that Zhai Danqing's lower abdomen was soft and warm with his head against it. "I have confidence in China's oil and energy industry monopoly policy and China's economic growth in the next ten years -"

"Boom boom boom..." Cui Guoheng knocked outside the office. The door did not close. He heard Zhang talking inside. Open the door and come in. Asked with a smile. "I would also like to ask: Why does Ke Shao have such strong confidence in the monopoly policy of the petroleum energy industry?"

Dan Qing moved aside if nothing happened. It seems to be talking with Zhang Ke in a normal posture.

Less than Zhai Danqing's warm and soft little hands. Zhang Ke could only put his hand on the handrail on the sand. Cui Guoheng, please sit down. Said: "Jurisprudentially. The state is to directly control the lifeline of the industrial economy. This is the natural advantage of state-owned enterprises in monopolistic operations in the field of basic industries-not to mention this for the time being. There are still many people who think that these are all necessary. The things that have been reformed are purely based on national interests. The monopoly of special administrative intervention is actually a double-edged sword in the oil energy industry. We see that monopolies are prone to corruption and bureaucracy, resulting in low production efficiency. . Shameless plundering of the market. But on the other hand. Domestic dependence on overseas crude oil imports is increasing. The international crude oil market is dominated by oil giants. These oil giants do not represent national interests. If the central government can remain sober You will know that in the international crude oil market, there must also be oil giants representing China's national interests. At this time, the so-called domestic three heads of China National Petroleum Corporation, Sinopec and CNOOC have not yet the strength to go to the international crude oil market. What should be done? The central government is also tight. It has to provide huge financial subsidies to it. The only temporary solution can only bite the bullet and insist on the monopoly of oil energy. Let these three industries go to monopolize the market to **** blood...Compared with the oil industry. I believe in China. The coal industry with sufficient resources may liberalize private capital."

Cui Guoheng sighed slightly. I couldn't understand what Zhang Ke was still doing in the East University all day.

"Although it has decided to make a financial investment in CNOOC. The center is out of due diligence. It is still necessary to give a report-although the scale of CNPC is much smaller than that of PetroChina and Sinopec. However, the monopoly of CNOOC and the third largest monopoly in the Chinese market The identity of the oil company should be able to guarantee reliable returns for this financial investment." Cui Guoheng said

Zhang Ke said with a smile: "Under the aegis of state monopolies. The huge oil consumption market with a population of 1.3 billion is distributed to the three companies. If you can't make money, you really need the top management of the three companies to be stupid enough-besides. Many state-owned enterprises like to engage in behind-the-scenes transactions in Shanghai and Shenzhen, but they are very clean and well-behaved in front of foreign friends. The State Economic and Trade Commission and China National Offshore Oil Corporation introduced Liu Chengwei to be responsible for listed companies. It is also to improve overseas investors’ perception of China’s petroleum industry. the opinion of."

"It's true. Your understanding of domestic industrial policies is profound. Few people can. The biggest selling point of CNOOC's Hong Kong IPO and financing is the monopoly of offshore oil and energy." Cui Guoheng saw the Hong Kong newspapers published on the teak shorts. Ming Pao". Said. "However, the negative reports and reports from the media and some investment banks are focusing on this. This is a bit of a headache."

Zhang Ke nodded and admitted that he was also very heady about it.

Negative media reports do not mean that the Chinese government’s monopoly and franchise policy on the oil industry is extremely sinful.

At the beginning of 1999, private capital was officially liberalized. Capital to enter the refined oil market. The earliest pilot parties such as Guangzhou. The scale of private and private gas stations has already exceeded the control of the petrochemicals in the southern market. These media investment banks boldly predict that the Chinese government will further loosen restrictions on the crude oil extraction and refining industry-this will be the most important intangible asset of CNOOC. That is, it has a disruptive impact on offshore oil's monopoly franchise.

CNOOC still lacks experience. on the one hand. CNOOC is desperately explaining to investors that the monopoly on offshore oil and energy is another aspect of listed companies' greatest wealth. The media and investment banks have judged that CNOOC's monopoly on offshore oil energy will be affected. In the future, PetroChina and Sinopec's monopoly on oil energy will also be impacted-in 1999. Private capital that has just entered the field of refined oil sales believes that the state will continue to release restrictions on the oil industry. The domestic media is also fanning out reports in this regard. CNOOC Ltd. blindly emphasizes the monopoly of franchise. In the eyes of investors, it feels a little bit savvy. The doubts are deeper.

In addition, even in the field of raw mining and refining, it is not that there is no opening at all.

The Hong Kong Ming Pao published a full-page report on Xining’s private capital entering the crude oil extraction and refining industry in a full page the day before yesterday.

As early as 1994. The China National Petroleum and Natural Gas Corporation (PetroChina) signed an agreement with the Xining government on regional resources due to the extremely low efficiency of crude oil extraction in Xining's district (not making money). Hand over some oil fields to the municipal government for development. The government is due to lack of funds and technology. The method of attracting investment and transferring well positions has been adopted one after another. Introduce joint ventures to participate in oil development. This also includes private capital. As a result, more than 1,000 private oil extraction and refining companies flocked to Xining's district (private oil extraction is very profitable and environmentally harmful). At this time, it has become the pillar industry of Xining District.

Although in the domestic oil exploration field. This is only a very small part. There is no official recognition by the State Council. But it is also considered to have opened a small gap in crude oil extraction and refined oil refining. At the beginning of 1999, the central government officially lifted restrictions on the entry of private capital into the sale of refined oil products. Many people take it for granted that the controls on crude oil extraction and refined oil refining will be further liberalized.

This policy is expected to be extremely detrimental to CNOOC's overseas listing.

Zhang Ke's impression of CNOOC is vague in his memory. Just remember that CNOOC Limited’s Hong Kong listing has suffered a severe setback. I don’t know much about the festival. However, during this period of time, he conducted in-depth investigations and researches on the domestic petroleum industry. I want to compare it with the vague impression. Qianchen was born in the past life, but there is no content in his memory. It is not difficult to deduce it.

It doesn't matter if there is a black hand behind it. This is still true media opinion. It was this policy expectation, coupled with various factors such as the failure of Hong Kong's capital market at that time and the sharp drop in crude oil prices. Eventually, the overseas listing plan of China National Petroleum Corporation was aborted. It is precisely the failure of CNOOC's overseas listing plan that directly prompted the central government's decision to resolutely ban the private oil extraction industry in Xining District, blocking the entry of private capital into the oil exploration field. The Xining Petroleum **, which caused a sensation at the time-the central government's oil monopoly policy is determined to help PetroChina and Sinopec's overseas listing to resolve the biggest obstacle. Unfortunately. The two companies of PetroChina and Sinopec have no backbone. It can also be said that it greatly stimulated Zhonghai's failure. CNOOC Limited's overseas listing in 1999 set its price-earnings ratio at about 9 times. CNPC Zero Zero guarantees the success of overseas listing. The price-to-earnings ratio dropped by half (46 times) at once. Take the profitability of PetroChina later. The overseas listing in 2000 was almost a way of putting fat in the mouths of overseas investors. Including future overseas listings of domestic financial assets. All have committed this serious rickets.

The impact of the failure of CNOOC's sub-listing is so great. Zhang Ke can see clearly. But others have no predictions. At least in the research center's early report, only the negative impact caused by China's offshore oil industry was analyzed. Once the listing fails. The opening of the boundary oil field is destined to be delayed. The development of China's offshore oil industry has been postponed for at least two to three years. It is also detrimental to the economic development of Jiangnan Province. The big disadvantage is that afterwards, overseas listed state-owned enterprises have all learned the wrong lessons from the failure of CNOOC's secondary listing. After that, the financing of state-owned enterprises' overseas listings is mainly based on net assets. And not-according to international practice relying on the price-to-earnings ratio to calculate the stock price. It is difficult to calculate the national interest that has been lost in a specific number of billions.

Zhang Ke thought for a while. Ask Zhai Danqing: "Do we need to go to Hong Kong. I want to talk to Liu Chengwei, Ye brother and Mr. Sun..."

Dan Qing hesitated. Said: "Then I will accompany you to Hong Kong." She was still a little afraid to meet Tang Jing. Always be guilty of conscience.

Zhang Ke asked Cui Guoheng: "Does Dean Cui have time to take a trip?"

"My role is not great~www.wuxiaspot.com~ It's better to stay in Jianye and write two articles." Cui Guoheng said.

Zhang Ke shook his head and smiled. Said: "At this time, we are defending the state monopoly. But we have to deal with bricks."

"I'm thinking that the central government may be a little shaken at this time." Cui Guoheng said in a deep voice. Then he laughed at himself. "It can be the same pair of trousers as giants like PetroChina, Sinopec and CNOOC. It doesn't matter if you have bricks."

Zhang Ke was right to think about it. The domestic public opinion must be pulled back. Can't tear down the platform by yourself. It is also necessary for the central government to reiterate its position on the monopoly policy of the petroleum energy industry. Resolve the doubts of overseas investors to the maximum extent.

Cui Guoheng left the office. Zhai Danqing walked over and closed the office door. Sit on the sand handrail. With a smile, he said: "It is CNOOC Limited that is listed overseas. The lead underwriter is also someone else. As a result, Kumho is doing our best behind the scenes."

If it is only for the pursuit of maximum benefits. Kumho should beat down the dog. Make CNOOC's overseas listing plan suffer a greater setback. Set the next round. However, he participated in PetroChina’s overseas securities market stock trading plan for the year. Earnings will increase several times-just can't see that China is strong. Kumho's assets-many. What's the benefit? It also lacks sufficient protection and potential for further development.