Chapter 733: Chapter 737 – Beidacang Group was set up

After this drinking session, Li Na’s father impression of Feng Yu changed. Someone had said that drinking would bring two men closer. It seems to be true.

The next day, Li Na’s father woke up with a bad headache. Feng Yu was feeling much better than him. It was not because Feng Yu was younger. It was because Feng Yu had secretly eaten Bing City Pharmaceutical latest medicine…… Anti-hangover pills!

Yesterday, Feng Yu was drunk and spent the night at Li Na’s home. Li Na’s house only has two bedrooms, and Feng Yu slept with Li Na in her room. Although they did not do anything that night, Feng Yu was very excited when he woke up. This time, Li Na’s father cannot object to their relationship anymore. He had already slept in his precious daughter’s bed!

Maybe this was the reason why Li Na’s father changed his attitude towards Feng Yu.

Feng Yu spent the day at the village and visited Tian Peng Farm and the Food factory, before returning to Bing City. But tonight, he got to sleep alone as Li Na did not return with him.

Damn! I have a girlfriend by I still got to sleep alone…….

……

Zhang Ruiqiang alighted from the train and looked very tired. But he was feeling very excited.

He had gone to Beijing Central Government with his leader to visit the various departments.

The proposal had been revised and improved several rounds by the Provincial Government before submitting to the higher-ups. Their higher-ups read the plan and reported to Iron-fist Zhu. After Iron-Fist Zhu read the report, he summoned Xu Changyou and Zhang Ruiqiang to his office to ask about this proposal.

Luckily, Xu Changyou and Zhang Ruiqiang were involved in the revision of this proposal and were familiar with the details. They were able to answer Iron-fist Zhu’s questions.

Iron-fist Zhu was pleased with this plan. He was also very interested in some of the things mentioned in the proposal.

Agriculture had always been one of China’s most vital industry, supported by the government. The Government had always wanted to revamp and develop this industry but could not find any good way to do it.

This proposal had stated how the company would increase the value of the agriculture products and export their products out of their province and even to overseas.

These were what Iron-fist Zhu and the Government wanted. Exportation is crucial to China’s rising economy.

Xu Changyou was 61 years old. Based on the current regulations, at Xu Changyou’s rank, he should retire at 63. The government’s plan for him was to transfer him to a relaxing position or enter the Central Government to spend his remaining days in the government before his retirement.

But it seems that Xu Changyou does not want to retire. He was still burning with passion!

Many people had wanted younger officials to take on essential roles in the government. Iron-fist Zhu was also supportive of this idea. But he realizes that these old officials still have lots to offer.

This proposal for Beidacang Group was well written. Xu Changyou, who suggested this plan, was a competent person.

Since Xu Changyou was the one who came up with this plan and wanted to be the first Chairman of this company, then he cannot be transferred away after this company was set up.

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Longjiang Province’s head cannot be changed for the next two years. Xu Changyou had also made significant contributions in the past. Iron-fist Zhu decided to let him remain in this position until he retires.

When Iron-fist Zhu asked Xu Changyou if he wanted to remain in his current position until his retirement, Xu Changyou agreed without any hesitation.

From Iron-fist Zhu’s words, Xu Changyou knew that he will not be promoted. But to be able to keep his current position was enough for him.

Also, Xu Changyou was full of hopes for this Beidacang Group. He really wanted to see this company grow.

If this company could grow strong and significant, it would be the perfect ending to Xu Changyou’s career. He could proudly tell everyone what he had done for Longjiang Province and China after he had retired!

With Iron-fist Zhu’s support, this proposal was discussed during the General Office of the State Council meeting. Xu Changyou and Zhang Ruiqiang had the opportunity to join the meeting to answer all the queries.

Xu Changyou knew a lot of people at the meeting. After all, he was also a high-ranking official. He had worked with many of the people at the meeting. But Zhang Ruiqiang was a new face for them. Many leaders had a good impression of Zhang Ruiqiang. They felt he was capable.

When Zhang Ruiqiang was explaining the proposal to all the leaders at the meeting, there was one person who was unhappy with this proposal. It was a leader from the Ministry of Agriculture.

This leader from the Ministry of Agriculture realized that even if the Ministry of Agriculture was able to own some of the company’s shares, but most of the profits will be taken away by the company.

Xu Changyou had announced that there will be dividends in the future, and he promised the dividends will be higher than what the Ministry of Agriculture past income. But that leader still felt this was not right.

State farms should be the most crucial factor in this company. The Ministry of Agriculture should be the one leading this company. If Longjiang Provincial Government were to set up this Beidacang Group, then the Ministry of Agriculture would lose their authority over the farms.

This company had high potential, and most of their future earnings will go into Longjiang Provincial Government’s pockets. Xu Changyou made it sound like the Ministry of Agriculture was taking advantage of them. This was too much. Xu Changyou had given them too little shares. You all should not get the majority of the shares just because you all came up with this idea!

The other leaders have no objections. After all, the setup of this company did not affect them much. Also, when Iron-fist Zhu speaks earlier, he sounded supportive of this proposal. The other leaders also felt this Beidacang Group seems promising. They could not find any reason to object.

Most of those who disagree with this proposal was also keeping quiet because someone had raised objections before them.

Zhang Ruiqiang started to handle all the objections and explained the importance of this company to Longjiang Province. He was trying to say that they were the ones who came up with this idea and should be the ones who implement it. You all have no right to take over this project from us.

After several rounds of discussions, Iron-fist Zhu concluded and announced Longjiang Provincial Government will lead in this Beidacang Group project. The Central Government will also help this company by offering special subsidies and 1 billion RMB.

The amount given by the Central Government was far from the 10 billion startup capital stated in the proposal. Longjiang Provincial Government will raise 5 billion themselves and then get a 1.5 billion loan from the bank. It should be enough to set up the company. If the company lacks funds in the future, they could continue to get loans from the banks or from the Central Government.

……

After 2 months of visiting various departments and ministries, the approval was finally granted, and the Ministry of Finance released the funds. Xu Changyou remained in Beijing to ask for more subsidies, and Zhang Ruiqiang returned to Bing City first.

3 days later, Beidacang Group was registered and starts operation!

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