I'm back in 1990

Chapter 481: Building Several Firewalls

On the way to the hotel, Wu Duo, who was already quite drunk, suddenly blurted out something.

"Xiao Chuan, does that girl from your high school like you?"

Huang Xiaochuan had also drunk a bit too much tonight, and his head was a little dizzy. He didn't immediately understand who Wu Duo was talking about.

"What female classmate?"

"Qin Yu, you haven't forgotten, have you?" Wu Duo emphasized his tone.

Huang Xiaochuan suddenly remembered: "What happened to her?"

"She's doing well. I called her before I went back to China to say goodbye, and she asked me about your recent situation during the call."

"You idiot, that's pure imagination. He was just asking casually." Huang Xiaochuan felt a pang in his heart for some reason.

After saying this, Huang Xiaochuan didn't hear Wu Duo's reply for a long time. When he looked again, he saw that the guy had fallen asleep. Huang Xiaochuan smiled self-deprecatingly and looked at the city night view outside the car window.

Wu Duo only stayed in Shanghai for one day, and the next day he took a plane back to Yenching.

At the airport, Huang Xiaochuan joked with him as they parted: "Old Wu, once you enter the government, it's like entering a deep sea. It won't be so convenient to see you again. Who knows when we'll meet again?"

Wu Duo was amused and annoyed: "Get lost! Good words always sound distorted when you say them. It's not as mysterious as you make it sound!"

"Alright, you two can go back now!" Wu Duo shook hands with Huang Xiaochuan and Ding Yi to say goodbye, and then entered the waiting hall.

A few days after Wu Duo left, a brand-new Bombardier Global Express landed at Shanghai Hongqiao Airport.

Originally, the aircraft was ordered by the chairman of a listed company in Southeast Asia in 1996. However, due to the Southeast Asian financial crisis, the listed company became Zhang Yun's spoils of war, and naturally, the aircraft, which was still under manufacturing at Bombardier, became an asset controlled by Changhong Investment.

Just two weeks before Huang Xiaochuan called Zhang Yun, the plane had just been delivered, making it Zhang Yun's first choice for her trip home. Therefore, this flight was the plane's first trans-Pacific flight.

The "Global Express" was the most advanced ultra-long-range business jet of its time, with a very spacious and comfortable cabin. However, even so, this plane, which was originally designed to carry 19 passengers, carried 15 people. In addition to Zhang Yun and the crew, the rest were Zhang Yun's assistants, attendants, and bodyguards. Zhang Yun alone had more than a dozen large suitcases, which almost filled the cargo hold of the plane.

After landing, Zhang Yun and her group completed customs procedures and boarded the convoy sent by the Ritz-Carlton Hotel to pick them up. Zhang Yun had booked an entire floor of the hotel as their accommodation in Shanghai for the time being. For such VIPs, the hotel would naturally provide the most comprehensive and thoughtful services, and pick-up and drop-off was just one of them.

After entering the room, Zhang Yun looked around for a long time, making sure that all the items in the room, including the mattress and bedding, were brand new and from the brands she specified. Only then did she nod. Her assistant, who had been on tenterhooks, was afraid that Zhang Yun would be dissatisfied. Seeing Zhang Yun nod, he finally breathed a sigh of relief.

After receiving Zhang Yun's call, Huang Xiaochuan said, "I have to attend an academic seminar in the next two days. You should rest and adjust to the time difference first. I'll come find you after I finish here."

"Alright then!" After ending the call, Zhang Yun lazily hung up the phone.

Huang Xiaochuan accompanied his teacher Wang Deyi to East China University of Economics to attend an academic seminar. When the two arrived at the registration area, there were already many people gathered there. The sign at the registration area read "Seminar on Deepening the Reform of Market Economy System".

Upon seeing Wang Deyi, many people came up to greet him. Now Wang Deyi is an academic giant. Over the years, he has published seventeen papers in Economic Research. Everyone voluntarily gave up their seats to let him sign in first.

After exchanging pleasantries with everyone, Wang Deyi signed his name on the sign-in sheet.

Once inside the auditorium, the mentor and student parted ways. The academic giant's seat was naturally different from that of Huang Xiaochuan, the newly promoted associate professor. However, even so, when Huang Xiaochuan sat down in a seat with a plaque that read "Associate Professor Huang Xiaochuan," he attracted a lot of attention. The reason was simple: he was too young. An associate professor in his twenties was still very eye-catching.

The brass chandeliers hanging from the dome of the auditorium hummed, and the back of the seat in front of Huang Xiaochuan had signs for "Chinese Academy of Social Sciences" and "Hudan University".

"Colleagues, we must be vigilant against the erosion of the foundation of public ownership by neoliberalism!" Professor Wang from Yenching University gripped his lecture notes, the Hero fountain pen in his Zhongshan suit pocket swaying with his gestures. "The reform of state-owned enterprises into shareholding companies must adhere to the 51-point red line; this is the flood control dike of socialism."

Huang Xiaochuan listened quietly with his arms crossed. After Professor Wang finished speaking, a young scholar sitting diagonally in front of Huang Xiaochuan suddenly raised his hand: "Professor Wang, during last year's wave of layoffs in the textile industry, those state-owned enterprises that were eliminated by the market also participated in shareholding reforms, but they still couldn't reverse the decline of the enterprises. What are your thoughts on this?"

Huang Xiaochuan listened quietly with his arms crossed. After Professor Wang finished speaking, a young scholar sitting diagonally in front of Huang Xiaochuan suddenly raised his hand: "Professor Wang, during last year's wave of layoffs in the textile industry, those state-owned enterprises that were eliminated by the market also participated in shareholding reforms, but they still couldn't reverse the decline of the enterprises. What are your thoughts on this?"

These words immediately caused a stir in the auditorium.

Huang Xiaochuan saw the old man slowly take out a glasses cloth and wipe his glasses, while the people around him were discussing terms like "shock therapy" and "gradual reform".

During a break in the meeting, Huang Xiaochuan sat with the old man in the corridor, drinking tea and chatting. At this moment, an old man came over, greeted Wang Deyi, and after exchanging pleasantries for a while, suddenly asked, "Xiao Huang, right? I've read your paper on the need for a gradual approach to real estate development. It contains many refreshing viewpoints, but given the current national conditions, there will still be significant deviations in its implementation."

After looking at Wang Deyi, Huang Xiaochuan said, "Actually, the root of the problem lies in the tax-sharing system. The central government takes away most of the local tax revenue. If the local governments want to develop, they will naturally have to think about land. Once they have tasted the benefits, it will be very difficult to get them to give up this piece of fat. I wrote this article based on this consideration."

The old man stared at Huang Xiaochuan for a while, then exclaimed, "What a promising young man! Old Wang, you've taken on a fine student."

Wang Deyi smiled and greeted the old man, "Old Cai, you should rest well when you're resting. Come on! Try some of the tea I brought."

Wang Deyi then invited the elderly man surnamed Cai to sit down, and the two chatted for a while.

The second half of the debate continued, with the topic revolving around the "visible hand." When the experts from the National Development and Reform Commission mentioned the "housing commercialization pilot program," Huang Xiaochuan couldn't help but sigh inwardly, thinking that the massive real estate boom was finally coming.

To put it bluntly, it was correct for the real estate sector to initially use mortgage loans and pre-sale properties, because firstly, it was necessary to improve people's housing situation in a short period of time, and secondly, it was necessary to quickly absorb the 2% deficit caused by the foreign trade surplus.

However, Huang Xiaochuan believes that the pre-sale model should be gradually phased out after 2010 and replaced by the completed property sales model. He argues that after more than a decade of real estate development, the two problems mentioned above can be largely resolved, and that human nature is inherently greedy.

Huang Xiaochuan also proposed a firewall theory, which stipulates that the pre-sale funds supervision account must be managed by a third party (official); the land transfer fee should be used for its designated purpose; and the developer's own funds should not be less than 35%.

This guy stirred up a hornet's nest, and before long, some capital came to win over Huang Xiaochuan, hiring him as the chief economist of several companies. The main purpose was to withdraw the firewall theory and help him promote the advantages of selling pre-sale housing.

Unfortunately, their efforts were futile. These capitalists could never have imagined that the young scholar they were trying to coerce and entice was actually a real financial tycoon, and that they were nothing more than small fry in his presence.

After attending the academic conference, Huang Xiaochuan went to the Guangda Real Estate Building in Pudong. On his way to Pudong, he called Zhang Yun and asked her to meet him at his office in the Guangda Real Estate Building.