Wealth

Fan Wuyao thought about it for a while, and then said to Vice Chairman He, "This question really makes me a little embarrassed, Chairman to ask in a hurry.

Not to mention that Fan Wubing is a frequent visitor to Boss Zhu, and he is also a guiding light he recommends to himself. The foundation he has created alone is enough to make people look at him, not to mention that there is another one he supports. Minister-level daddy, none of these can be ignored.

Although ordinary people don’t know what happened between Fan Wubing and Fan Heng at the time, high-ranking cadres like Vice Chairman He, especially well-informed leading cadres, are quite clear about this matter, and they also know Fan Heng. Being able to rise to a ministerial leadership position so quickly is inseparable from his son.

If there is no Fan Wuyi, how can Panshi build such a large-scale international airport? How could it be possible to upgrade from a county-level city to a prefecture-level city, and then to a provincial-level city? This is almost like dreaming!

It is not fortunate to be named. Since he has such an honorable position, he must have the corresponding ability. Therefore, Vice Chairman He is quite expecting Fan Wuyi's opinion.

Fan Wubing stroked his chin. After thinking for a while, he said to Vice Chairman He, "Now we regard the stock market as a way to solve the difficulties of state-owned enterprises, not as a way to transfer limited resources to the most efficient enterprises. Financing channels for the most capable entrepreneurs./\\ This kind of stock market development for the purpose of poverty alleviation. The government's guiding ideology should be to ensure the protection of fair transactions. Protect the interests of investors, not the special interests of a few people. I The suggestion is that state-owned enterprises should be indirectly relieved of their difficulties, let those good and potential private enterprises and non-state-owned enterprises go public, and then use the raised funds to purchase state-owned enterprises. This indirection not only solves the problem of funding, but also solves the problem of mechanism.

When I heard Fan Wubing say this, Vice Chairman He’s face immediately looked like Bitter Gourd, "President Fan, you may be right to think so, but if I demand this from the leader. Or it’s okay, but the people don’t treat me like that. It's strange to be scolded to death!"

Although the relationship between private enterprises and state-owned enterprises is now clear, the government is also encouraging vigorous private enterprises to acquire some state-owned enterprises that cannot survive, but there is a prerequisite, that is, your private enterprises have the money to make acquisitions.

Fake how the vice chairman followed Fan Wuyi’s proposal. If you use the stock market as a means of financing for private companies, if you buy state-owned companies on the other hand, you will be scolded to death by many people. There is no doubt about this.

Fan Wubing smiled and shrugged his shoulders and said, "Well, this one doesn't work, then let's think about other things./\\"

"Yes, let's think about other things." Vice Chairman He nodded repeatedly.

Fan Wubing thought for a while and then said, "There is another way of listing quota quotas. This should be improved."

The method of quota listing is of significance. The vast majority of listing targets are for local poverty alleviation, and bundling listings are common. The problem of fraud is serious, so after the listing, the company's mechanism and financial problems were quickly exposed. It is really a good performance for one year, a loss for two years, a sT for three years, and a delisting for four years. Quite a few companies have become empty shells.

In addition to the quota system. Fan Wubing also criticized the share-trading system

At present, all listed state-owned companies have two types of shares: non-tradable shares and tradable shares, the former being state-owned shares. The latter is privately held, and the rights of the two types of shares are the same, but the cost of holding shares is hugely different. This has caused serious injustice between the two types of shareholders and also provided a natural operation space for the raging of the market maker.

"The questions you asked made me feel embarrassed." Vice Chairman He shook his head and smiled bitterly. "China's stock market is different from foreign stock markets. You know this, otherwise we won't be so difficult to deal with. The root of the problem is. , If you don't solve these problems, you will still have endless headaches in the end." Fan Wuyi spread his hands and said helplessly, "If it doesn't work, then there is only one idea."

"What's the idea?" Vice Chairman He asked quickly.

In fact, after hearing the three questions asked by Fan Wubiao just now, Vice Chairman He knew that he did not ask the wrong person. These three questions really restrict the development of China’s stock market. There is no talk of the healthy development of China’s stock market, but the status quo. As he told Fan Wubing, these three problems are caused by man-made, at least the current management dare not touch this system, otherwise they will only put themselves in first.

Vice Chairman He himself knows that in addition to appearing in the listing review process, the fraudulent phenomenon also extends to the qualifications for allotment of money without any suspense. According to the regulations of the China Securities Regulatory Commission, listed companies must have a return on net assets of more than 10% for three consecutive years before they can enjoy the rights issue. As a result, a large number of companies' annual return rates are sticking to the lifeline of 10%.

Commonly used fraudulent methods include inflating profits, or selling their own products to themselves at a premium to increase the rate of return. You can also spin off the negative assets to a higher-level group company for custody, and then inject another asset into it. , The rate of return will naturally increase. This kind of financial game has long been an open secret.

It is on this kind of soil that China's capital market has become a gray and speculative adventurer's paradise. Those state-owned enterprises that went public seemed to have picked up a big pie that fell from the sky, and the mechanism has not been improved as a result. In particular, the local state-owned enterprises in various provinces and cities that have achieved targets through poverty-relief policies quickly squandered all the funds that were easily obtained, and then they fell into a loss-making situation. In the end, they became shell resources one after another. Some capable capital players took the opportunity to enter, take advantage of their hands, and make waves, turning China into an era of house makers dancing wildly.

"There is only one idea that can be realized right now, which is to introduce daily limit and down limit restrictions." Fan Wuyao waved to Vice Chairman He.

The price limit system originated from the early foreign securities markets. It is a trading system in the securities market that appropriately restricts the rise and fall of the price of each security in order to prevent skyrocketing and collapse of trading prices and curb excessive speculation.

Some exchanges set a single-day price limit for securities. For example, a single trading day is limited to a maximum of 10% higher or lower than the closing price of individual stocks. /\\Some exchanges will stop trading at the daily limit or limit until the market price breaks away from the upper or lower price limit. There are also exchanges that will resume trading within an expanded price range after a brief suspension of trading.

The main difference between the local price limit system and the foreign system is that the stock price reaches the price limit. It is not a complete cessation of trading, but trading at the price limit or within the price limit can continue until the market closes on the day.

"What is the practical significance of doing this?" Vice Chairman He asked.

"At least it can protect the interests of small and medium investors, so that they will not lose money all at once. If the society is unstable, it will have a great impact on the stock market." Fan Wuyao replied.

In fact, there are not many people in the professional stock market. Many of them are retired old men and old ladies. These people have been slower to respond. The price of stocks has risen and fallen too high, which is unbearable for them. Therefore, there have been many cases of sudden death in the lobby of the stock exchange.

For the predators who are mixed in the stock market, it is very easy to use the imperfect trading rules to explode a stock, and many retail investors have lost their lives under such circumstances.

If you want to maintain a stable development of the stock market, you must consider the interests of small and medium investors, so how to effectively protect the interests of small and medium investors. This is the issue that the Securities Regulatory Commission needs the most attention. As for listed companies, they have never been losers, and those capital players do not need the Securities Regulatory Commission to worry about them.

Fan Wubing believes that even under the most stringent system, capital players can find their own wiggle room, so they don’t need others to worry about. On the other hand, these rules introduced by the China Securities Regulatory Commission are basically correct. The dealers are favorable. It's really hard to imagine from whose stand they are speaking?

Vice Chairman He and Fan Wubing sat together for a long time. Having talked a lot about things, I feel that I have benefited a lot. Boss Zhu found himself a sensible person. What is even more outrageous is that this person has just passed his eighteenth birthday, and he is already the boss of a multinational company. It is really hard for him to imagine how such a genius was born. Come out?

"It doesn't make sense if you ask me about this. You should ask my parents." Fan Wuyao replied with a smile.

After sending Vice Chairman He and his party away ~www.wuxiaspot.com~ Fan Wuyi felt that he was more interested, so he went to the headquarters office again and chatted with everyone to see what's new recently.

"Boss, good news!" An employee put down the overseas phone and said to Fan Wuyao with excitement, "The 64k international dedicated line has been opened, realizing a full-function connection with the ground."

"Oh?!" After Fan Wubing heard the news, his spirits immediately lifted, and he said that China has finally entered the Internet era! I waited for this day, but waited for a long time.

It is China's National Computer Network. After its initial construction, there is no information or data to be consulted on the network, and there is no good network application. In order to make the network truly useful, it must establish a formal connection with it.

For political reasons, the United States did not allow Chinese access engineers and technicians to contact American officials since 1992, and later won the support of a group of well-known figures in the U.S. Internet community. Many well-known scientists wrote to the White House. With the help of many enthusiastic people, this problem was finally solved. During this period, it took more than one and a half years to resolve political issues alone. I have integrated into the big family, which has brought many opportunities for Chinese people to exhibit. (To be continued, if you want to know what will happen, please go to more chapters,