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Section 297 Financing (2)

Judging from the content of the post, it is the consensus of all parties that the Senate should raise funds from the private sector. In addition, some practical operations have been carried out in the past. It has also been mentioned to promote "mixed enterprises" and separate management rights and equity. In this regard

Runshitang was the earliest. This small medicine store in Lingao is now the largest traditional Chinese medicine company in the Senate. It can be said to be a typical example of "mixed ownership". Later, Guangzhou Zihao even issued non-preferred shares and opened a

It was the first time that a Senate company issued shares to attract private capital.

But precisely because of the success of these early enterprises, even though the Senate has always had control over these mixed-ownership enterprises under the Planning Yuan’s 51% control principle, quite a few elders believe that the profits of these enterprises have been divided.

It's too much. And as these companies continue to grow - it's obvious that the equity acquired for just a few hundred or thousands of taels of silver will gradually expand into billions of assets, which is "too much of a loss"

——This is also the consensus of all parties.

Apart from those ridiculing posts such as "cutting leeks" and "going to the rooftop" and plans with little practicality, based on two points of consensus, the differences between the parties mainly lie in how to raise funds and whether a stock exchange needs to be established.

Regarding stock exchanges and financing plans, there are basically three ideas: stock issuance, bond issuance, and mixed issuance. These three ideas also have opinions on whether to establish a stock exchange or not. So there are six attitudes in total. Chu He himself

He is in favor of mixed issuance and the establishment of a stock exchange. Especially the stock exchange. This can be regarded as the main purpose of Chuhe rushing back from Jeju this time.

From the perspective of financing methods, the Senate can currently only use stocks and bonds. It is nothing more than which one occupies the dominant position or which one is issued first. However, there are great differences on whether the Guangzhou Stock Exchange should be established.

of.

The stock exchange can "bring in money", this is a truth that all veterans understand. But how the stock exchange comes in with money, and how capital uses this market to "make something out of nothing" and "make something out of nothing" is not

All the elders understand this.

Since ancient times, finance has been a game for smart people. Talented students have flocked to the financial field in droves. In addition to high income, this industry is not accessible to ordinary people.

Precisely because this industry is in deep water, many elders are opposed to the establishment of securities trading institutions. They believe that the focus of the Senate is still to occupy land and engage in industry, and there is no need to engage in projects just for the sake of projects. In particular, they oppose the internal ambitions of the Senate.

The purpose of cutting leeks in the name of the stock exchange. They also pointed out that stock exchanges will inevitably increase speculation and significantly increase financial risks. Therefore, they are not opposed to the establishment of stocks or bonds, but they are opposed to the establishment of specialized institutions.

trade.

Chu He knew that the goal of the Senate was to obtain working capital, minimize financing costs, and look good.

However, it is quite difficult to take care of all three, especially in the current social environment. It is no wonder that some elders criticized this as "taking off their pants to let off steam".

His idea is to formulate rules first, leaving some room in the corners of the rules for interpretation only by the Senate (supervisors). Let the Senate itself make a lot of money, and a small number of core forces attached to the Senate will make money accordingly, and use the wealth effect to attract more

A large amount of private capital uses rules so that these private capital can only get a small profit in the end. Whether some leeks are lost and all the money is lost depends on the impact on the financial ecology and the needs of the Senate. The method is to use the resources possessed by the Senate.

Understanding of financial rules, the right to interpret the rules, huge financial capital, and the legal right to violence.

Therefore, this exchange must be established. Even if it cannot be established as an entity for the time being, the rules must be established as soon as possible.

Based on this idea, he carefully wrote this plan and posted it on BBS. However, the situation these days has been quite difficult for him. It has been almost a week since he posted his financing plan on BBS, and

It did not appear as hot as he had imagined. There were very few replies to his posts, and it was not an exaggeration to say that no one was interested. It was completely different from the previous days when discussions among all parties were in full swing, and there were even fierce arguments. He secretly thought

He was wondering if his plan was too low-level? But looking around, he saw that other plans were not necessarily much better than his own.

"No," Chu He secretly made up his mind, "We can't drag it on like this any longer. We'll find someone to inquire about it tomorrow."

On the evening of the next day, Chu He stepped into the Nanhai Cafe, glanced around a few times, and suddenly a man shouted: "Brother Chu! This way!" The person who called him was Sun Butao, who was an old acquaintance of Chu He.

Both of them have financial backgrounds and similar experiences. After the D day, they were both recruited by the construction team. After a brief training, one drove an excavator and the other a bulldozer. Later, they went to Fangcaodi to work together, and they were brothers who shared the joys and sorrows.

But later, the financial institution got on the right track, and Sun Butao took the initiative to move closer to the organization and became a financial migrant worker again. Now he is a moderate leader in the Foreign Exchange Management Office of the Reserve Bank of China.

The two exchanged pleasantries for a few words, and Sun Butao asked: "Brother Chu, why did you come back suddenly? Is there a new appointment? Where are the family members?"

Although Chu He worked as a soy sauce for many years, he did not delay having children. Now he has three life secretaries and seven children.

"I came back from a temporary leave." Chu He said and asked for a cup of black coffee - this was the most obvious mark left on him by his study abroad life. "To tell you the truth, I came back this time for a run.

The official came."

"It's so rare to run for office. If you really want to run for office, why don't you go to Jeju Island?" Sun Butao looked disbelieving. "To be honest, most of these positions in the Senate are extremely busy and last for several years.

I no longer have any interest in having sex..."

"Don't I realize it now? There is no future in dawdling around." Chu He said, "I can't dawdle in Jeju Island for the rest of my life - I am still young. I am tired of teaching after teaching for so long, and I am ready to learn.

You took the initiative to move closer to the organization."

Sun Butao's eyes lit up: "Are you here because of the Nanyang Company? Are you going to join the people around? He is very popular now! Everyone who wants to see him is queuing up to get a number..."

"It's true that it's about Nanyang Company, but I'm not going to defect to him." Chu He said.

Sun Butao blinked and said, "Then what are you going to do? Are you just staring at the stock exchange?"

"That's about right. I wrote a financing plan for Nanyang Company and posted it on BBS. It's been several days and there's been no movement at all. I feel like what I wrote is pretty good. Why don't I come and find out what's going on?"

Sun Butao smiled and said: "Brother, what kind of news do you expect? Is it because everyone applauds and praises you, and then the team department sends you a letter of appointment?"

Chu He said embarrassedly: "No, I just think that Nanyang Company's financing is such an important matter. If I propose a plan, no one will discuss it?"

Sun Butao shook his head and said: "Brother Chu, you have been away from Lingao for too long, and you don't want to think about it. Nanyang Company must be important, and there must be people discussing it, but who is discussing it with you? You are not in the financial department. That's it.

How could the discussion be on BBS? They don’t care what someone posted on BBS.”

Chu He said: "No, I think there are not too many people on BBS..." Chu He felt a little lacking in confidence after saying this. Compared with the early days of time travel, BBS was an important channel for internal communication within the Senate. Nowadays, BBS

The status of the BBS is no longer what it used to be. Firstly, the suggestions and opinions of the elders have formal channels to respond and solve them. Secondly, because many things cannot be solved on BBS, and it is not as useful as running the department in person. Also, most of the elders’

My job takes up a lot of time. If you want to know the news, just look at the internal reference. I don’t want to argue with each other online. Not to mention that a large number of veterans who are not in Lingao are not qualified to be on the BBS.

"Before... before, in order to gain the right to speak, the southbound faction stirred up public opinion, and finally succeeded in setting up the Nanyang Company. Didn't they do it through BBS?" Chu He suddenly thought about it.

Sun Butao said: "That was about competing for interests, brother. Of course, public opinion was needed to build momentum. Now it is about distributing interests. Of course, it was done behind closed doors by one's own people. How could it be said publicly on BBS?"

Chu He couldn't help but lament that he had been away from Lingao for too long. He was usually far away from the political center, and he didn't pay attention to the various internal affairs of the Senate. He was not very clear about many aspects such as the internal power operation of the Senate. For a moment, he felt that this matter was so troublesome and far away.

It's not as easy and comfortable as riding horses and teasing *** in Jeju. But this mood only lasted for a moment. He asked: "Then how should I solve this matter? How about I go directly to the financial department?

Cheng Dong?"

Sun Butao thought for a while and said slowly: "Maybe not. Not to mention whether you can find him now, it is not certain whether this matter will be under his control."

"Then who is in charge of this matter at the financial department?"

Sun Butao looked at Chu He's face and said doubtfully: "Brother Chu, don't you know about that?"

Chu He looked confused: "What's the matter?"

Sun Butao suddenly realized: "Oh! Brother Chu, you were on the ship during that time, no wonder you didn't know." Then he lowered his voice and said mysteriously: "There was a conflict between the Southward Faction and the Government Affairs Council. During this time, the Southward Faction, in order to promote their political views,

There was a lot of liaison, and the public opinion was very fierce. It is said that several big bosses were very dissatisfied with this, saying that they were trying to unite the party and oppose dissidents, and they had the intention of turning the Wenlan River back..."

"Damn, such a powerful hat." Chu He was surprised, "Who is dissatisfied? Mr. Wen? Secretary Ma? Or..."

Sun Butao immediately changed his gaze, "I don't know, I don't know, I don't understand. Anyway, the atmosphere was very tense at that time, and the matter has calmed down now. But the aftermath is still there. Now you go to the financial institution to discuss financing in the name of Nanyang Company."

I’m afraid I won’t get any good looks with this plan.”


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