Chapter 71: The real contest
"Lately, I've already held five internal seminars in a row. Guo Jiangtiao has dealt us a heavy blow. Ever since the Provincial Government issued that official directive, the group's share price has plummeted. People inside and outside the company are panicking. In just this short time, the average price per share has fallen by 1.6 yuan. The market turned five days ago, and now we've hit the daily lower limit. The total decline is already close to twenty percent. If this keeps up, practically all my work in the first half of the year will have been for nothing! Lu Guizhong of the Provincial Party Committee also chose this moment to put forward the broad slogan of 'strengthening oversight of state-owned assets and ensuring their preservation and appreciation.' Those two blows were aimed at me, weren't they? At this rate, avoiding enormous losses this year is the absolute limit of what our leadership team can manage, never mind preserving and increasing asset value. Is there talk up at the provincial level of replacing us?"
At the dining table, Su Licheng spoke to Wang Bu.
Su Can knew his father had been beset by trouble lately, both within the group and outside it. The root of it all was that Provincial Government document on measures for reducing state-owned shareholdings. Ultimately, although the central government had issued interim measures earlier, local authorities had all been waiting to see what would happen. These measures touched on crucial interests, after all. Who would dare make sweeping changes right from the start? Everyone would hold something back and see how much room the central policy left them to maneuver.
A handful of provinces, cities, and centrally administered municipalities had taken the lead in implementing it. They had certainly attracted attention,