Zhang Xinmin, the richest man in Shanxi, was interviewed by Beijing News.

On May 26th, Zhang Xinming said in an exclusive interview with the Beijing News reporter that he was "marginalized" in the joint venture with China Resources, and the company suffered huge losses. Beijing News reporter Wang Yuanzheng photo

Four years ago, an acquisition involving10 billion yuan was a "tragedy" for both parties to the transaction.

Song Lin, chairman of the acquirer China Resources Group, was dismissed. Zhang Xinming, regarded by the outside world as "cashing in 10 billion yuan to leave the scene", recently told the Beijing News reporter that he was the biggest victim in the transaction.

Zhang Xinming has experienced ups and downs in his life, from a farmer to the richest man in Shanxi, and now his business is a backwater. This ups and downs are closely related to "policy changes". Taking advantage of the spring breeze to support private enterprises, Zhang Xinming has sprung up everywhere. In 2009, a coal integration movement aimed at compressing private capital made his fate face a choice.

In the end, Zhang Xinming, who responded to the government's call, sold most of his assets to China Resources Group, a central enterprise. He said that he had hoped to "make big money" with central enterprises.

20 13 "economic information daily" reporter Wang Wenzhi reported that Song Lin was suspected of releasing water in this transaction. A core issue in the report is that the changed coal mining right in Zhang Xinming has expired.

On May 26th, Zhang Xinming responded that there was no problem with its asset package, and the mining right had met the examination and approval conditions, but it was blocked by Shanxi coal integration.

Beijing News reporter Yin Cong reports from Beijing

Controversial super-rich

After 20 10, Zhang Xinming became a "problem rich man"-he was reported to be related to many incidents such as tax evasion, loan fraud and triad involvement.

He hasn't appeared in public for a long time, and there is constant speculation about Zhang Xinming. Some people say that he ran away; Others speculated that he might be under investigation.

"If something had happened, I wouldn't be sitting here today." On May 26th, Zhang Xinming told the Beijing News reporter.

Before 20 10, Zhang Xinming was a famous entrepreneur in Taiyuan and even Shaanxi. In the "black gold everywhere" land of Sanjin, Zhang Xinming once controlled two coal coking enterprises and three coal mines and other huge industries.

Taking advantage of the soaring coal price, he has repeatedly entered the list of mainland rich people released by Forbes and Hurun. In the "Hurun Energy Rich List" in 2005, the Zhang Xinming family led the "Shanxi Coal Boss Corps" with a net worth of 654.38 billion yuan. So, Zhang Xinming put on the hat of "the richest man in Shaanxi".

After 20 10, in public reports, Zhang Xinming became a "problem rich man"-he was reported to be related to tax evasion, loan fraud, triad-related incidents, etc. Jin, former deputy secretary of the Shanxi Provincial Party Committee, and Shen, former secretary of the Taiyuan Municipal Committee, were investigated for falling horses and were also accused of having contacts.

The most sensational one happened in the second half of last year and the beginning of this year. At the same time, Song Lin, the former chairman of China Resources Group, was publicly reported twice by Wang Wenzhi, a reporter of Economic Information Daily. According to the report, when China Resources acquired Shanxi Jinye Group 10 asset package for nearly 10 billion yuan, billions of state-owned assets were lost.

Zhang Xinming is the original actual controller of these asset packages. He is suspected of cashing in10 billion yuan from this transaction. The former "richest man in Shanxi" and Song Lin were also questioned about the existence of interest transfer.

Worked as an armed police officer and drove a Mercedes at the age of 23.

Zhang Xinming said that he entered the Armed Police School on 1986, and the opportunity was that "the Armed Police recruited production management talents from local areas".

"These are all nonsense and slander." On May 26th, Zhang Xinming told the Beijing News reporter that he had no background. "My father is a shepherd" and "he was poor since he was a child".

According to Caijing, Zhang Xinming, born in 1963, "ran out of his old friends in his twenties and went abroad to make a living"; Later, I came into contact with the armed police forces in other places. "Paying management fees and mining and transporting coal in the name of the army can circumvent many regulations."

"China Business News" reported that "Zhang Xinming started from the indiscriminate exploitation of coal resources, and all the coal mines he opened in Gujiao were black holes (unlicensed coal mines)".

Zhang Xinming's version is that after a year of high school, he "got off the coal mine, pulled a flatbed, and worked as a repairman, loader and bricklayer". Later, he registered a company to transport coal to all parts of the country. "I did it step by step. What's the problem? "

1986, Zhang Xinming was 23 years old. "At this time, I was worth more than 10 million yuan and drove a Mercedes-Benz."

Zhang Xinming said that his identity as an armed police is true. According to its introduction, he entered the Armed Police School on 1986, and the opportunity was that "the Armed Police recruited production management talents from local areas". To 1993, he began to serve as the director of the comprehensive training base of the Inner Mongolia Forest Corps of the Armed Police and concurrently served as the chairman of North China Gold Industry Group. Zhang Xinming said that the latter was a third-level enterprise of the Armed Police at that time.

Starting with "policies to support private enterprises"

"It only took 17 months from preparation to completion of Jinye's 2 million tons coal coking project." Zhang Xinming recalled that this speed was "the best in the world."

According to Zhang Xinming, he returned to the local area on 1999 because "the central government issued a decision prohibiting the military and armed police from doing business".

Since 2000, Zhang Xinming, then 37, has been preparing for the most important asset-Shanxi Jinye Coal Coking Group. On May 26th, Zhang Xinming mentioned many times that the development of gold industry depends on increasing support for private enterprises in Shanxi.

"Shanxi's private economy has developed. Please let the entrepreneurs go, and rest assured to develop boldly. " In 2003, Liu Zhenhua, then governor of Shanxi Province, publicly announced that the Shanxi Provincial Party Committee and the provincial government "will create a more relaxed environment for the development of private enterprises".

Gujiao City, where Jinye Group is located, also put forward the strategy of "strengthening the city by private economy" on 200 1. Gujiao proposed that in terms of project approval and land transfer, "private enterprise groups with broad market prospects and high added value should be allowed to have a partial meal".

"It only took 17 months from preparation to completion of Jinye's 2 million tons coal coking project." Zhang Xinming recalled that this speed was "the highest in the world".

In 2003 and 2004, the price of coke soared for several months, driven by the hot sales of steel. Since then, Zhang Xinming, the coal king, has become a frequent visitor to various rich lists.

From September 2007 to the end of 2008, Zhang Xinming made three attempts to promote the listing of Jinye Group. *ST David, *ST Tiger and Datong Gas all issued announcements to discuss the restructuring with Jinye Group, but all ended in vain.

As for the reason why Zhang Xinming is keen on listing, some analysts believe that this is mainly due to the financial crisis, and Jinye Group's revenue declined, resulting in losses and facing a "food shortage crisis".

Zhang Xinming denied that the gold industry was not in trouble in 2008. A tax payment material he provided showed that the gold industry paid 6160,000 yuan in tax that year.

"The purpose of listing is to make the enterprise bigger and stronger through the capital market," Zhang Xinming said. At that time, he "made a big plan" and prepared to "build a 6,543,800-ton coal coking park".

Shanxi coal reform was integrated.

Zhang Xinming said that he made the decision to change hands with the Gold Industry Group out of consideration of "responding to the call of the government"

In 2008, the policy environment of Shanxi coal industry changed greatly.

In September 2008, Shanxi Province issued the Implementation Opinions on Accelerating the Merger and Reorganization of Coal Mining Enterprises. The opinion puts forward that large coal production enterprises such as Datong Coal Mine, Yangquan Coal Industry and Shanxi Coking Coal Group should be supported to merge and reorganize small and medium-sized coal mines as the main body.

In May, 2009, Shanxi Province issued the Plan for the Adjustment and Revitalization of Coal Industry. According to the planning requirements, the number of coal mines in the whole province will be reduced to 1000 in 201year; By 20 15, the number of people will be controlled at 800.

Under these policies, coal reform swept through Shanxi. Workers Daily reported that by the end of 2009, about 2,000 coal bosses had withdrawn from the coal field, and 654.38+04 billion private funds had been squeezed out.

Zhang Xinming and Jinye Group cannot stay out of the coal reform.

Zhang Xinming said that in 2009, out of consideration of "responding to the call of the government", he made a decision to change hands with Jinye Group.

The first "in-law" of Jinye Group is Datong Coal Industry Group actually controlled by SASAC in Shanxi.

According to public reports, in September 2009, Tongmei signed a contract with Jinye to acquire 100% equity of10 asset packages owned by Jinye on the platform of the joint venture company Tongmei Jinye Group.

Since then, the cooperation with the coal and gold industries has progressed smoothly. According to the materials provided by the gold industry, on the 9th, 20th and 22nd of June 5438+00, 2009, Tongmei received RMB 500 million, RMB 395 million and RMB/kloc-0.05 million respectively, totaling RMB/kloc-0.00 billion.