Judging from the content of the post, it is the consensus of all parties that the Senate should raise funds from the private sector. And we have also done some practical operations in the past. It has also been mentioned that "mixed enterprises" should be promoted to separate management rights and equity. Runshitang was the first in this regard. 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, setting the precedent for a Senate enterprise to issue 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. Too much walking. And as these enterprises continue to grow - it is obvious that the equity acquired for only a few hundred thousand taels of silver will gradually expand into hundreds of millions of assets, which is "too much of a loss" - this is also the reason for the consensus of all parties.
Apart from those ridiculing posts such as "cutting leeks" and "going to the rooftops" and plans with little practicality, based on two points of consensus, the main differences between the parties lie in how to raise funds and whether a stock exchange needs to be established.
For stock exchanges and financing plans, there are basically three ideas: stock issuance, bond issuance, and mixed issuance. These three ideas also have different views on whether to establish a stock exchange or not. So there are six attitudes in total. Chu He himself supports mixed issuance and the establishment of a stock exchange. Especially the stock exchange, this can be regarded as Chuhe's main purpose of 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 a 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 the elders understand. But how money comes from stock exchanges, and how capital "makes something out of nothing" and "converts something out of nothing" through this market, not all veterans understand.
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 oppose the establishment of a securities trading institution. They believe that the Senate’s current focus is still on occupying land and developing industries, 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 intention of cutting leeks in the name of the 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 to conduct transactions.
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’s no wonder that some elders criticized this as “taking off their pants to let off steam”.
His idea is to set the rules first, leaving some room in the corners for interpretation only by the Senate (regulatory authority). Let the Senate itself make a lot of money, and the small number of core forces attached to the Senate will make money along with it, use the wealth effect to attract a larger amount of private capital, and use rules to make these private capital only get small profits in the end. Whether you lose all your money by cutting some leeks depends on the impact on the financial ecology and the needs of the Senate. The method is to use the Senate's understanding of financial rules, the power to interpret the rules, the huge financial capital, and the legal power of 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.
It was based on this idea that 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 released his financing plan on BBS, and it has not turned out to be as popular as he imagined. There are very few replies to posts discussing him, and it is not an exaggeration to say that no one cares about him. It is completely different from the situation a few days ago when discussions among all parties were lively and there were even heated arguments. He secretly wondered if the level of his plan was too low? But as he looked around, other plans were not necessarily 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 D-Day, they were both recruited by the construction team. After simple training, one drove an excavator and the other a bulldozer. Later, we went to Fangcaodi to play soy sauce together, and we were brothers who shared the joys and sorrows. However, later on, the financial department 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 working in the Foreign Exchange Management Office of the Reserve Bank of China. Leaders big and small.
The two exchanged pleasantries for a while, 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 had been a soy sauce worker for many years, it did not delay him from having children. Now there are three living 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 is here."
"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 unbelieving. "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'm still young. I'm tired of teaching after so long, and I'm 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 other people? 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: "That's not true. 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 Party is no longer what it used to be, firstly because the suggestions and opinions of the elders have formal channels to respond and resolve them. The second reason is that many things cannot be solved on BBS, and it is not as useful as running the department in person. In addition, most of the veterans’ professional work takes up a lot of time. If they want to know the news, they can just look at the internal reference, and they have no intention of arguing with each other online. Not to mention that a large number of veterans who are not in Lingao are not qualified to join BBS.
"Before... before, in order to gain the right to speak, the southbound faction was able to stir up public opinion, and finally succeeded in setting up the Nanyang Company. Wasn't it done 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 clear about many aspects such as the internal power operation of the Senate. For a moment, I felt that this matter was so troublesome, and it was far less comfortable than riding a horse in Jeju and teasing my wife. However, this mood only lasted for a moment. He asked: "Then how should we solve this matter? How about I go directly to the person from 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 the 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 from this plan.”
