The rise of great powers: starting from military industry
Chapter 564: Further Reform Pace
The stock market, also known as the stock market, is a place where stock trading services are provided.
Including stock issuance, stock trading, stock delisting, etc.
The stock market can be divided into primary market and secondary market. The primary market is the issuance market of stocks, and the secondary market is the circulation market of stocks.
For any major economy in the world, as long as it follows capitalism or follows Europe and the United States, there is a stock market.
Those who followed socialism learned from the Soviet Union. The Soviet Union originally believed that the stock market was a product of capitalism and a bad thing. Therefore, the Soviet Union did not have a stock market at all, let alone a 'crash' or stock market disaster.
The same goes for China. China has not set up a stock market so far.
However, China has been allowing state-owned enterprises to go public in Hong Kong for financing in order to obtain development funds.
For China, which is undergoing reform and opening up, the stock market is naturally very important, because it is learning from Europe and the United States. With the stock market, companies can obtain financing by listing and have funds for development.
Even after the reform and opening up, China's economy has developed rapidly, which can be said to be changing with each passing day. Especially the supporting facilities driven by various industries of Panshan Group can be said to have developed extremely rapidly.
Panshan Group is developing rapidly, and supporting factories are also developing rapidly.
Panshan Group invests in the construction of high-speed railways, highways, reservoirs and hydropower stations, thus driving the rapid development of steel, cement, gravel, sand, mechanical and electrical, etc.
However, China's state-owned enterprises, or whether it is state-owned enterprises or private enterprises, are still very short of funds.
Even if several Xiangjiang banks controlled by Liu Tao develop lending in the mainland and can issue a large number of loans every year, they are still far from meeting the requirements of society.
If there is a stock market, then financing from the stock market is an important channel.
Liu Tao also knows something about the Chinese stock market.
It can be said that the reform of state-owned enterprises is a heavy topic, but it will not work if state-owned enterprises are not reformed.
The old man smoked a cigarette.
The current situation is much better than at the beginning.
Although there are many problems and tough issues, the general trend is on the side of reform.
The reform of state-owned enterprises requires funds, and it also requires talents. Otherwise, if the funds continue to be allocated, they will soon be defeated, and there will be no good news in the reform of state-owned enterprises.
Just like the Panshan Machinery Factory back then, the successful reform was not only because of the soul figure Liu Tao.
In recent years, the development of Panshan Group has solved a lot of difficulties for the country. The development in the southwest alone has driven the development of the entire southwest, making the development of the southwest very fast and ranking among the top in the country.
The foreign trade of Panshan Group has earned the country a large amount of valuable foreign exchange, so that China does not have to worry about insufficient foreign exchange when communicating with foreign countries.
China does not lack RMB, but it lacks foreign exchange!
Panshan Group does business with several countries in South America, and as a result imports a large amount of grain, iron ore, beef, mutton, etc. from South America to supplement domestic deficiencies. Panshan Group does business in Africa and has also obtained mine resources and oil resources through legal channels.
Even because of the Panshan Group's actions in Southeast Asia, China's situation in Southeast Asia has greatly improved, with friendly countries such as Myanmar, Thailand, Laos, and Cambodia.
It can be said that China's situation in Southeast Asia has greatly improved, and it can smoothly develop with its neighboring countries through win-win cooperation.
The Panshan Group made waves in the South Asian subcontinent, causing the situation at the border to suddenly turn around.
Moreover, Panshan Group has played a vital role in the stability of Xiangjiang. It is the anchor of Xiangjiang, allowing the country to have a huge space in Xiangjiang.
Panshan Group has made a lot of wealth overseas and invested heavily in domestic infrastructure, whether it is vigorously building reservoirs and hydropower stations, or building the Beijing-Kowloon Railway, Beijing-Shanghai Railway, or building the Shenhai Expressway. This not only builds infrastructure, but also What is important is that it solves the problem of resettling veterans after downsizing the army and plays a role in social stability.
Just this year, Panshan Group pushed hard for the establishment of four major hydropower station projects on the Jinsha River, and this time the Three Gorges Project was officially launched.
The amount of money to be invested here is massive.
These funds were all provided by Panshan Group, helping the country reduce its financial burden.
"Speak more carefully!" the old man said, smoking a cigarette.
Liu Tao said: "Leader, this is what I think. If you want to succeed in the joint-stock reform, you need to start from two aspects! The first aspect is to establish a professional securities company to temporarily act as an agent for all stock transactions. Wait until the opportunity comes in the future. After it matures, a real securities trading market will be established!”
"The second aspect is to promote a group of high-quality enterprises to carry out joint-stock reform first. And I think these pilot projects do not have to be limited to the narrow scope of state-owned enterprises. Township enterprises are also an important part of China's economy. . And compared with state-owned enterprises, township enterprises not only have smaller historical burdens, but also face a more dangerous living environment, so they are also motivated to carry out reforms." Liu Tao expressed his suggestions.
"The capacity of the Hong Kong Stock Exchange is limited to list in Hong Kong. How many state-owned enterprises can be listed in Hong Kong? There are two or three state-owned enterprises a year, and only twenty or thirty state-owned enterprises are listed in Hong Kong in ten years." Liu Tao said: "After all, we are still We need to delve deeper into the mainland and further expand the scope and depth of reform. The Hong Kong market is limited, but the mainland with a population of one billion is a large market with unlimited potential.”
"In Hong Kong, we can use Hong Kong as a window and bridge, and can serve as a transit station. In the future, we can recommend the integration of Hong Kong and Shenzhen, and even finally build the Guangdong-Hong Kong-Macao Greater Bay Area. But for the whole of China, only the Guangdong-Hong Kong-Macao Greater Bay Area is not enough, and more engines are needed as engines for economic development." Liu Tao said.
Whether it is the current Hong Kong, the integration of Hong Kong and Shenzhen, which is currently working in theory, or the future Guangdong-Hong Kong-Macao Greater Bay Area, it is always a corner compared to the huge China.
It is far from enough to have only the Guangdong-Hong Kong-Macao Greater Bay Area.
If China wants to develop quickly, it must need more engines.
Therefore, the reform of the mainland is the fundamental, because this is a large market with a population of more than one billion and unlimited potential.
Now the country is mainly based on foreign trade and is working hard to make money, which is correct.
But in the final analysis, it is impossible to rely solely on foreign trade.
Because walking on one leg is unstable, you have to walk on two legs, and developing the mainland market is also a top priority.
Finally, a dual circulation of foreign and domestic circulation is formed, and the initiative is firmly in our own hands.
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