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Chapter 448: On the eve of listing

In early September, news of "internal planning for listing in the century" began to spread across the Taiwan Strait and the Taiwan Strait.

Because "Honor of Kings" has a huge impact, even foreign media have the problem of predicting where it will be launched in the century.

After missing out on the Internet giant's ferry and NetEase, Li Xiaojia, CEO of Xiangjiang Exchange Group, has always felt very sorry and has expressed his views at meetings many times, calling for reform.

In order not to miss out on ferrying, Internet companies like NetEase and Century, and to have in-depth discussions on listing reform, the Hong Kong Stock Exchange has found a series of Internet upstarts in the mainland, and Lin Weidong is one of them.

September 6, 7 pm.

Lin Weidong and Guo Guangchang made an appointment to have dinner together.

As usual, I still drank Moutai this time because there are no other liquor brands in China that can be worthy of their value.

After drinking a few glasses of wine, Guo Guangchang was already a little drunk, so he pointed to the wine glass and sighed to Lin Weidong: "After drinking, Maotai is the most enjoyable thing for me."

"Weidong, don't underestimate Moutai. Moutai is one of the most valuable liquors in China. You may not see its potential now. When our country's economy develops in the future, the price of Moutai will definitely rise with the flow."

"Moutai needs to have a moat. The simplest concept of moat is that you make money, but you can't let others get in. And you don't know how to break through you if you let others spend money. Just like Coke, even if other companies do it, no one will buy it. Others only recognize Ca-Cola and Pepsi."

"Also, I have visited Guizhou before. In addition to its brand, Moutai is also a company with particularly strong free cash flow. This is easy to understand. Weidong, I have a problem with you. Do you know why, did many companies go bankrupt in 2007?"

Lin Weidong thought for a while and said, "It should be the breakdown of the capital chain, especially many newly opened Internet companies, whose capital chain is simply messy."

Guo Guangchang nodded with relief: "That's right, it's the capital chain. The most important thing in a business is cash flow. If you pay money with one hand and deliver goods with the other hand, many companies will not be crushed by funds, and it is easy to calculate the profit margin and make as much money as you sell the bottle."

"There is another most important thing, which is to look at the history of the company. The history of Moutai has been around for thousands of years. After the founding of New China, it was rated as a national liquor..."

"A historic enterprise, when the country develops and national recovery, is definitely not just about economic development, but also about cultural recovery.

By that time, Maotai, which is represented by wine culture, represented China when he went abroad. Such Maotai is the well-deserved number one liquor in our country..."

After hearing Guo Guangchang's passionate speech, Lin Weidong raised his glass and said respectfully: "Dr. Guo, listening to your words is better than reading for ten years. If I have money in the future, I must follow you, and buy more Moutai stocks."

Lin Weidong said this, but he sighed in his heart that Guo Guangchang was able to be today, indeed, inseparable from his keen and damn commercial sense.

Guo Guangchang also raised his wine glass, and ran into Lin Weidong, and said with a smile: "Weidong, you are indeed different from other young people. You are extremely smart and you can understand it at a glance!"

"Unlike some of the post-80s born in our company, who obviously don't know anything, but are still impatient. They think they are so awesome and never know how humble they ask for advice from their seniors. They are simply a group of hot idiots!"

Lin Weidong was a little fluttered by Guo Guangchang's praise, and replied with a smile: "Dr. Guo, you are so proud of me. I am just willing to study more than others."

"I understand very well that a big man like you, Mr. Guo, must have a high status as high as today, and there must be many things worth learning from..."

After some commercial hype, Lin Weidong also talked to Guo Guangchang, and the Hong Kong Stock Exchange invited him to go to Xiangjiang to discuss the reform.

Because Fuxing is also listed in Xiangjiang, Guo Guangchang also seriously told Lin Weidong about his views on Hong Kong stock reform: "It is definitely useless to talk about reform by you entrepreneurs alone with the Hong Kong Stock Exchange. If they really want to change, they must discuss it face to face with the China Securities Regulatory Commission."

It is obvious that in Guo Guangchang's view, the obstacle to the reform of the Hong Kong Stock Exchange is not the Hong Kong Stock Exchange itself, but the China Securities Regulatory Commission.

"Also, it's useless to talk to ordinary senior executives of the CSRC. You have to talk to the president of the CSRC in person. As long as their president can nod, the reform will be in minutes."

Guo Guangchang mentioned that the CEO of the China Securities Regulatory Commission of Xiangjiang was named Ou Dali, with a bachelor's degree in law from the University of London in 1982 and a master's degree in law from the University of Cambridge. He then worked in Xiangjiang for more than 20 years and began to serve as the CEO of the China Securities Regulatory Commission in 2006.

Odari was a relatively traditional white man who believed in the power of tradition. After all, since the 19th century, joint-stock companies have been dominant in the economy of capitalist countries.

Obviously, in the eyes of most people, the amount of shares they have should correspond to the rights, and all shareholders should be treated equally.

Moreover, Hong Kong once tried a dual equity structure, but the effect was not very good. Ab-shares brought chaos in corporate management and infringed on the interests of small shareholders. The Hong Kong Securities Regulatory Commission later announced that the ab-share system would be abolished.

Since then, "same shares and same rights" was once regarded as the core value of the Xiangjiang financial industry.

Many opposition parties believe that Xiangjiang does not have enough ways to protect investors.

Although the practice of same shares and equal rights can control the regulatory behavior of major shareholders, if the same shares and different rights are liberalized, the major shareholder can control the entire company with very few shares.

Therefore, the current practices cannot be adjusted until the terms that do not substantially protect the interests of investors are released, which is very unfair to small and medium-sized shareholders.

However, Lin Weidong was not very concerned about the reform of the Hong Kong Stock Exchange, nor did he care about who Ou Dali was. This time he went to Xiangjiang mainly for a trip to Xiangjiang.

He wanted to go to Xiangjiang to taste all kinds of delicacies, and by the way to take a look at the legendary Victoria Harbor and see if the night view of Xiangjiang is really more beautiful than the night view of Shanghai.

After going back in the evening, Lin Weidong asked Wang Sica: "Scarlett, is your Hong Kong and Macao pass expired?"

Wang Sica Wang replied: "No."

So, Lin Weidong told Wang Sica that he was going to Xiangjiang.

In fact, when it comes to going to Xiangjiang, Lin Weidong has already told Wang Sica many times, but he has never had much time to accompany her because he has to be busy with his career, but he also has to accompany other women, and he can't squeeze out time to travel.

Lin Weidong said to Wang Sijia: "Jiajia, you ask for leave from the school. We will go together for a few days next week."

When Wang Sijia heard Lin Weidong say this, she was also very happy because she and Lin Weidong had not gone out to play together for a long time, so she asked him: "How many days will you take?"

Lin Weidong said bluntly: "At least, it will take one week. Ten days are the best, otherwise it will be too much trouble."

Wang Sica Wang said distressedly: "No, let alone ten days, seven days of vacation is a little bit. I took such a long leave, which will seriously affect the students' learning progress."

Lin Weidong said disapprovingly: "What are you afraid of? Just ask other teachers to help you with class."

Without waiting for Wang Sicao to answer, Lin Weidong continued: "Okay, Sicao, you need to say more. I will call your principal tomorrow, just take a vacation with peace of mind."

Since Lin Weidong has already said this, Wang Sicao no longer has anything to do, because she knew that taking leave was simply a trivial matter for Lin Weidong, and it was not difficult at all.

It is worth mentioning that every time he goes out, Lin Weidong doesn’t like to take a few girls out together. He only brings one at most. This approach can make him feel much more comfortable and make the other party feel happy, so he doesn’t have to be jealous of Lin Weidong.
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