Agricultural giant since 1983

Chapter 334 Minsheng Deputy Director
Because there is a threshold of 5000 million shares, not all of the sixty original shareholders are eligible to join the board of directors. Jing Shuping, Li Lei, Liu Yonghao, Feng Lun, Zhang Hongwei, Lu Zhiqiang and others were all successfully elected. The president appointed by the superior also entered the board of directors, and finally elected 19 directors, including 12 directors who hold shares, and the other 8 became supervisors, including 7 supervisors who hold shares. The candidates for the board of directors were determined, and the chairman will be elected next , Vice Chairman.

No one competes with Jing Shuping for the post of chairman. In terms of seniority, he was a well-known entrepreneur in China before liberation. In terms of position, he is the chairman of the Federation of Industry and Commerce. In terms of contribution, Minsheng Bank was founded by him. In that respect, he should be the chairman, and finally Shuping was unanimously elected as the first chairman of Minsheng Bank.

Then there is the vice chairman. According to the requirements of the superior, the governor appointed by the People's Bank of China must be the vice chairman. Therefore, Tong Zenyin, who was promoted from the deputy governor of the People's Bank of China to serve as the first president of Minsheng Bank, became two vice presidents. One of the chairman of the board of directors, he entered the banking system shortly after liberation. He is an old banker with 40 years of rich experience. He is in charge of the daily management and operation of Minsheng Bank. Everyone is very relieved.

Everyone knew the results of the above two positions before the election started. The only suspenseful one is the vice chairman who is a shareholder representative. Any shareholder with a capital investment of more than 5000 million is eligible to participate in the election. , Jing Shuping first nominated Li Lei, "As the vice chairman of the Federation of Industry and Commerce, Li Lei did a lot of appeal work in the preparatory process of Minsheng Bank. Lei as the vice chairman!"

Jiang Minkuan, another vice chairman of the Federation of Industry and Commerce, also nominated Li Lei. Although he was the top leader in Sichuan and was very familiar with the Liu family brothers, Li Lei is more qualified than Liu Yonghao to be the vice chairman in any respect. Li Lei is the owner and operator of a well-known domestic private enterprise, an outstanding representative of the private economy since the reform and opening up, and also the founding shareholder of Minsheng Bank. As a new and fully market-oriented bank, Minsheng Bank should be established by Such an entrepreneur will serve as the vice-chairman! Moreover, Li Lei is also the richest man in mainland China as selected by "Forbes", so having the richest man as the vice-chairman will also benefit the publicity and promotion of Minsheng Bank!" Finally, he made a joke .

"The selection by "Forbes" is too rough. In fact, I am definitely not the richest man. Among other things, Mr. Rong must be richer than me!" Li Lei waved his hands again and again, it is better to keep a low profile at this time.

Others nominated Liu Yonghao and Lu Zhiqiang to compete for the vice chairman, but as soon as they said their words, Liu Yonghao and Lu Zhiqiang stood up and refused again and again, "I will not run for the election. It is already a very long time to be a director of Minsheng Bank. It's an honor, Li Lei and Li Dong should be the deputy directors, Li Lei is much stronger than me in terms of enterprise size and influence in private enterprises, so I withdraw from this election."

Li Lei can vaguely feel that Liu Yonghao is sincere, because he is in the same industry as Li Lei, and his hope is far inferior to Huinong, so he is embarrassed to participate in the competition; Lu Zhiqiang is somewhat unwilling, and his Oceanwide Group is mainly engaged in Real estate, finance and securities and other fields have little to do with agriculture, so I am not afraid of being compared with Li Lei, but Li Lei's overall strength and influence are indeed stronger than him. Even if he participates in the election, he probably will not be elected.

So in the end, only Li Lei was left as a candidate, and the vote was passed unanimously. Li Lei was successfully elected amidst the applause. After a lot of titles such as the vice president of the association, a new title was added-vice chairman of Minsheng Bank.

"Thank you for your support. I will try my best to live up to everyone's expectations. As a representative of private enterprises and shareholders, I will play my due role and help Minsheng Bank to develop better!" Li Lei repeatedly thanked him. He knows his position very well It is clear that since he was elected as the vice chairman as a shareholder representative, he should fight for the interests of shareholders.

"The official establishment of the bank is scheduled for January [-] next year. There is still a lot of work to be done in the next period. Although President Tong is in charge of professional matters, everyone's support is definitely needed! Next, I will invite Tong Xing Let me tell you about the work plan from now until the official listing." After the election, the board of directors began to operate officially.

Personnel recruitment, store leasing, outlet setting and other work are completed by Tong Zenyin, but the most important thing after the establishment of the bank is to absorb deposits and issue loans. How a brand-new bank can win the trust of customers depends on the joint efforts of all shareholders. With hard work, these [-] shareholders are well-known local entrepreneurs, and they can just use their influence to help the bank absorb large deposits and recommend high-quality customers to issue loans to them.
These Li Lei had already prepared for Huinong's money to be deposited everywhere, so he promised to take a sum of money and deposit it in the account of Minsheng Bank. At the same time, he would mobilize Huinong's partners and local enterprises in Central Plains Province It is also good for them to come to Minsheng Bank to deposit money. Minsheng Bank has just been established. In order to attract deposits, there will definitely be very preferential policies. Depositing money with them must have higher interest rates than the four major banks.

Other shareholders also hope that Minsheng Bank can develop smoothly, so they also spoke enthusiastically, promising to make every effort to absorb deposits for Minsheng Bank. Li Lei made a rough estimate based on everyone's speeches. The total amount of deposits will soon exceed [-] billion.

After the meeting, everyone drank together to celebrate. At the wine table, Li Lei thanked everyone for their support one by one. It’s not that he wants to do real estate, but Lu Zhiqiang was born in WF Diesel Engine Factory. Although he is no longer engaged in the diesel engine industry, he must have certain connections within Weichai. Through these relationships, we can reach certain cooperation with Weichai, and then When the time is right, we will invest in Weichai, so that Huinong's agricultural machinery sector can grow further.

At the dinner table, in addition to talking about Minsheng Bank, everyone naturally chatted about the hottest topic at the moment, which is the competition between national brands and foreign brands. This war is now in full swing, especially in the home appliance industry. , TCL, Changhong and other brands have used price as a weapon to fight price wars with foreign brands, killing blood like rivers.

Many entrepreneurs present have different views on the situation of this war. Some think that national brands are brave and show their own momentum, while others think that foreign companies with strong capital and advanced technology will definitely win the final victory. Everyone is very pessimistic about the outcome of this competition.

"I don't think so. Although foreign companies have money and technology, they don't understand the domestic situation and are unwilling to understand. As long as national brands make good use of this advantage, they may not lose to them, and then use this time to break through foreign companies. Maybe we can catch up with the technical barriers!" Li Lei has a different point of view.

"I've heard so many stories!" In order to prove his point of view, Li Lei also took out actual cases, "After Whirlpool acquired the Snowflake Washing Machine, it believed that the original sales system of Narcissus was too backward and was always controlled by dealers, so They decided to follow their example in the United States and build their own sales force and channels, which immediately caused the sales cost of narcissus to rise sharply, and the profit plummeted. From the beginning to now, the annual loss has exceeded [-] million!" Building your own sales channels is sure is correct, but also incrementally, Whirlpool made a mistake here.

However, their mistakes are not limited to this point. "Whirlpool found in the sales process that the glass cover on the drum of the washing machine is often broken. According to Whirlpool's regulations, the R&D and production departments need to conduct multiple experiments to test the quality of the product, which takes quite a long time. R&D cycle! In fact, this problem has nothing to do with product quality. It is caused by violent loading and unloading during transportation. You only need to add a sponge anti-vibration pad in the packing box, but after the Chinese staff reported this situation to the US side, They ignored it, and to this day, this simple problem remains unsolved!",

A few years later, after spending a lot of money and countless meaningless reports, communications, and meetings, the US side accepted this plan. They spent too much energy on very simple issues, and Haier took advantage of this precious Time has gradually caught up and surpassed, won the largest share of the washing machine market, and even began to counterattack Europe and the United States. "This story illustrates a truth. Weakness and ignorance are not obstacles to survival, but arrogance is! Foreign brands are powerful, but they are too If you are too arrogant, you don’t want to believe in the ability of domestic employees, and you can’t sink yourself, it’s not good to do business like this!”

"Not only foreign-funded enterprises, we also have to pay attention to this issue. We used to have no money, but now the situation is different. We can also afford foreign technical personnel and management personnel, relying on their ability and experience to enhance the competitiveness of our enterprises. strength! But we also need to pay attention to this issue in this process, we must not be superstitious about their ability and experience, we must be down-to-earth and based on the actual local conditions, otherwise there will also be unacceptable situations!” Li Lei reminded.

In the future, there will be many such problems in large enterprises. For example, the high-level talents hired by Li Ning at exorbitant salaries not only failed to drive Li Ning to take off, but caused such serious problems; The appearance of their competitors, they only believed in the managers they sent out, and also ignored the voices of the employees in the host country, and also made the mistake of arrogance.

The shareholder meeting was successfully concluded, and everyone else went back. Li Lei still had some work to do as the vice chairman, so he stayed in the capital for a few days. After finishing his work that day, Jing Shuping called him over and gave him A piece of good news was revealed, "Li Lei, your Huinong has done a very good job. Not only have you achieved excellent economic benefits, but you have also assumed important social responsibilities, helping many people get rid of poverty and become rich! You should be commended and rewarded. Some time ago, the above We gave the Federation of Industry and Commerce a listing quota, we discussed it and decided to give this quota to private enterprises, what do you think of Huinong given to you?"

In the past few years, China's domestic economy has been showing a scene of two worlds of ice and fire. State-owned enterprises have been unable to get rid of the shackles of low efficiency and the old system. Years of losses or even bankruptcy. The total number of state-owned enterprises exceeds a thousand; on the contrary, the development of private enterprises is in full swing, and they use flexible mechanisms to continuously devour the market share of state-owned enterprises, which makes it more difficult for state-owned enterprises to turn losses into profits.

Under such circumstances, going public to absorb funds from the stock market has become the last straw for many state-owned enterprises. As a result, enterprises all over the country have gone out of their way, tried to make connections, and complained to their leaders in order to get a valuable listing index. Therefore, In the past few years, most of the listing indicators have been in the hands of state-owned enterprises. It is several times more difficult for private enterprises to successfully list than state-owned enterprises. Now Jing Shuping can come up with an indicator for Huinong, which is definitely not easy.

But Li Lei is not in a hurry to go public right now. What is the purpose of going public?The most important thing is to absorb funds. However, Huinong is not short of funds. Huinong’s cash flow is very healthy, and taking a step back, even if Huinong’s funds are tight, New Century Company can help, and it can also get money from Minsheng Bank. to loans, so his desire to go public is far less urgent than other companies.

In addition, Huinong is a large group company involved in multiple industries. It is far better to let each subsidiary go public separately than to let the group company go public directly. Li Lei has already thought about it, let Huafeng and Luhua go public first, and collect money from the stock market Promote the development of the company, and then food factories, farms, feed factories, agricultural machinery factories and other enterprises, but that is a matter of the future.

So Li Lei politely declined the gift, "Although our Huinong has indeed met the listing requirements, I am the vice chairman of the Federation of Industry and Commerce. There are so many members of the Federation of Industry and Commerce, and many of them meet the listing requirements. If I take The impact of this quota is not good, and Huinong’s current financial situation is good, and the desire to go public is not so urgent, so I can’t take this quota, and I dare not take it, let’s give it to other companies that need it more!”

"You are becoming more and more mature in your work now. We are very happy that you have such a mind!" Jing Shuping was very pleased. In fact, he also knew that it would be troublesome to give the quota to Li Lei, but Huinong did indeed in terms of the current situation of the enterprise. It is the most in line with the requirements, and it is not justified not to Li Lei. Now that Li Lei can voluntarily back down, it will be much easier for him.

"Then do you have anything else that we can help with?" Jing Shuping asked again.

(End of this chapter)