With the strong pressure exerted by Vice Premier Wu, the negotiators of the two committees, who were originally slow, finally began to get anxious. Faced with reality, they had to return to the framework and tone that Vice Premier Wu had originally set for this major cooperation.

Although the SASAC controls tens of trillions of assets, most of these assets are the book value of fixed assets. They are not real money that can be cashed out at any time. It is impossible for them to spend hundreds of billions of dollars to invest in African resource development. Now there are unprecedented projects launched by the government. Where can there be more excess funds invested in this major project?

Developing African resources requires hundreds of billions of capital. They are not only able to find solutions from the huge private capital, but they have no choice but to raise such a large amount in the short term. They can only start with wealthy business groups like SAL and Lao Li family, so that these wealthy owners holding huge capital can take out real money and silver to solve the urgent problem.

If you still use the old trick of borrowing chickens to lay eggs and doing your own things, who will be foolish to do such a thing?

Therefore, we have to honestly start from the interests of both parties and get close to each other to compromise to reach a cooperation agreement. As a result, the attitude of the negotiators of the two committees changed suddenly and began to become pragmatic.

Even though the people around Vice Premier Wu did not reveal any news, Cai Siqiang and the others still felt the subtle changes in their opponents. As the other party became increasingly pragmatic, Cai Siqiang's team also made some concessions under the conditions of adhering to the basic interests of private capital.

For example, in addition to the crucial principle issues such as share ratio and company operation control, there are also important issues such as capital injection. In theory, both parties should take out the corresponding shares equal amount of real money, that is, cash capital injection is reasonable. However, at this moment, this large investment involving hundreds of billions of yuan, how can the National Development and Reform Commission and the State-owned Assets Supervision and Administration Commission find so much funds?

Therefore, on this issue, Cai Siqiang and his private capital delegation made concessions and agreed to allow the State-owned Assets Supervision and Administration Commission to use the current national overseas assets to inject these overseas assets as capital after evaluating them.

This certainly provides some people in the Development and Reform Commission and the State-owned Assets Supervision and Administration Commission with the opportunity to get started, because the assets of billions of dollars in the accounts of state-owned enterprises under the State-owned Assets Supervision and Administration Commission are likely to be far from the book value, and it is even a fraction of them.

In order not to bear heavy burdens when the new company was established, although Cai Siqiang and others agreed to state-owned assets invested in overseas investment, they still insisted that the asset value needs to be re-estimated by authoritative overseas appraisal institutions and cannot invest at the current book value. In this way, even if the appraised value has to be discounted to correspond to cash capital, it will be relatively less water.

However, in this situation, as long as the actual value can reach more than 80% of the book value, it can also be compensated for through this unprecedented large-scale development profit in the future. This loss is not unacceptable. In Cai Siqiang's view, even the cost of obtaining a resource development license is better.

In this way, after the negotiators of both sides fiercely argued and compromised on the interests they were concerned about, a framework agreement for investment cooperation was finally reached more than half a month later, and an unprecedented state-owned private super-large enterprise group company emerged.

According to this agreement, a brand new special national enterprise, China-Africa Resources Investment and Development Group Co., Ltd., was launched in Beijing. The No. 1 leader who never attended the ribbon cutting ceremony, took the initiative to open the ribbon cutting of the China-Africa Group. This special signal was interpreted by the outside world as the Chinese people showing the world the determination to develop African resources, indicating that the Chinese people are not verbal in Africa, but have begun substantial development actions with great strides. This marks that China's African development strategy has entered a new stage.

The registered capital of China-Africa Group is RMB 600 billion. Among them, Chinese capital accounts for 45% of the shares, investing with 30 billion cash and 240 billion overseas assets; SAL received 210 billion cash, accounting for 35% of the shares; the remaining 25% of the shares were completed by more than ten Chinese groups injecting 150 billion.

In this way, the China-Africa Group has a relatively large majority of state-owned capital and is still a state-owned enterprise in nature, which eliminates the domestic policy restrictions on entering the resource mining industry in large quantities, and allows new companies to enjoy preferential financial financing, taxation and other policies that only state-owned enterprises can enjoy.

The eye-catching Lao Li family has invested only 50 billion yuan in it this time, which has caused people who don’t understand the truth to think a lot, and has triggered people’s speculation about whether the relationship between SAL and Lao Li family has been rifting, because for a period of time, SAL and Lao Li family have been advancing and retreating together. Even during this negotiation, Lao Li family sent heavyweights to actively participate with SAL throughout the process.

Who knew that the end result was like this. The old Li family completely became a supporting role in the second-rate forces in this feast. In the eyes of some observers in the market, it was like SAL picking the peaches of the old Li family.

This sensational rumor even caused the outside world to worry about the prospects of the China-Africa Group. Many people think that the success of the China-Africa Group is very questionable without the strong support of the Lao Li family. However, soon, SAL used unexpected actions to shatter rumors in terms of personnel arrangements after the company was established, indicating that the relationship between SAL and the Lao Li family is unbreakable.

There is nothing to say about the personnel composition of the board of directors. According to the agreement reached in advance, everyone elected executive directors roughly according to the investment ratio. The SASAC recommended 4, while SAL recommended 3, and the remaining companies jointly recommended 2 to form a 9-person company board of directors. The chairman of the board of directors was recommended by the SASAC. The original chairman of China Aluminum Chairman Song Haiping became the chairman of the new company.

What is surprising is the composition of the new company's business team. According to the framework agreement, the entire group's business team is completely recommended by private capital, and state-owned assets cannot interfere. They can only have the power to propose removal if the business team's business performance goals have not been achieved.

Therefore, according to common sense, SAL, the second shareholder who ranked second in the second place, should naturally recommend the CEO candidate, but SAL didn't know how to convince Elek, the old Li family, and actually recommended him as the first CEO of this huge group company!

This news is as shocking as the old Li family's low-key investment, but it is a completely new change for the outside world. It suddenly shattered the rumors about the breakdown of the relationship between SAL and the old Li family. However, what kind of insider is hidden behind it? It is not known to outsiders whether SAL and the old Li family have reached some unknown secret agreements.

However, this news undoubtedly greatly boosted everyone's confidence in the China-Africa Group. The three major international rating agencies, Standard & Poor's, Fitch and Moody's, unanimously gave this 3A international credit rating to this capital-rich new enterprise. This rating means that if the China-Africa Group needs to issue corporate bonds, it can issue lower interest rates in the international financing market, significantly reducing financing costs.

Of course, at this stage, the China-Africa Group has no need for this, because large-scale investment will only start when the early exploration and site selection are ready. The China-Africa Group has more than 300 billion yuan in funds, and just by investing this money, it will have to open a few mines to use it up. Therefore, there will be almost no financing needs in the first two years.

In terms of choosing CFOs of China-Africa Group, the other companies jointly recommended a well-known industry insider to serve.

Du Chengyi, a professional manager who SAL is focusing on training, was recommended by SAL as the CEO of the new company and in charge of personnel. It is believed that this is the last polishing of SAL's search for the helmsman for its mobile phone business, because Du Chengyi did a very good job in Duke Electronics, a subsidiary of SAL, making its own brand mobile phones the first choice in the high-end domestic mobile phone market. What he lacks now is the test of processing capabilities under a complex international conditions.

Obviously, there is no more test of a person's ability than in the huge and complex environment of the China-Africa Group. If Du Chengyi can withstand this test, he will undoubtedly become the first person under SAL Cai Siqiang and control SAL's huge mobile phone business.

Regarding SAL's unexpected choice, a veteran observer commented that the two candidates launched by SAL fully reflect SAL's layout for the future. On the one hand, it invests huge amounts of money in the resource field and takes the lead in a popular industry in the future. At the same time, it uses the old Li family to take the helm of the Sino-Africa Group to stabilize the morale and train reserves. It can be said that it can be said that it will win multiple goals in one fell swoop.

Cai Siqiang was able to put aside his temptation and not show off his popularity and become this hot new group. Instead, he chose to firmly hold on to the core of SAL, which shows that his personality has a big personality, moderate choices and far-reaching layout, and has become the style of a generation of corporate talents.

Since it is a state-owned private enterprise, in addition to financial and tax preferential policies, the China-Africa Group also has great advantages in terms of talents. With the order from the top, tens of thousands of geological exploration personnel recruited from the geological and mining departments of various provinces in China formed various mineral resource exploration teams and prepared to be sent to East Africa to start large-scale exploration work, which is the first step in developing African resources.

Of course, the China-Africa Group has prepared generous high subsidies for field work for these Chinese explorers. Compared with domestic work, their income will increase several times. In addition, in order to improve exploration efficiency and shorten exploration time and generate benefits, the China-Africa Group has equipped these exploration teams with a large number of advanced exploration equipment and transportation equipment.

The group company spared no expense to equip them with thousands of excellent all-terrain off-road vehicles, prepared dozens of various types of transportation helicopters, and prepared them as transportation tools in some local areas where ground transportation is very difficult.

Such good conditions have greatly increased the morale of Chinese explorers who have lived a hard life. In addition, the official propaganda of the sense of mission of looking for minerals for the country, after entering Africa, these explorers quickly overcame the local harsh living environment and began to rush to various mineralized areas in Tanzania like worker bees to start exploration activities, looking for various useful mineral resources, whether it is oil and gas fields, gold, silver, copper, iron ore, etc.

After operation in Oriental Minerals, although the exploration area is limited, it has finally been approved for more than ten exploration plots with special rare metal minerals, and the treasure hunting process in Africa has begun.

For a time, Chinese people with yellow skin and dark eyes could be seen everywhere on the land of East Africa, and of course, there were a lot of RMB!

(Sorry, I'm going to go back to my hometown after holidays. I'm going to embark on a long journey tomorrow. There is still a chapter of monthly ticket additions that cannot be cashed out for the time being. I can only owe it first and then make up for it after the New Year. I will try my best to keep up. It's the New Year. I wish all book friends a happy New Year! There are many red envelopes for young people and wealth for the older people!)
Chapter completed!