On July 21, in order to concentrate on the comprehensive construction of Team J, Central Y decided that Team J and Wu J should seriously clean up the various operating companies run by their affiliated units, and they would no longer engage in business activities in the future.
The Central Committee also decided that local government departments should also seriously clean up various operating companies run by their affiliated units, and they will no longer engage in business activities in the future.
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When Junan Securities was established, it was invested by five state-owned enterprises, including Team J, with a registered capital of 50 million yuan. Among them, the old shareholder He N Group was the only company with J Party background among Junan shareholders.
In August 1992, Zhang Guoqing, who was a soldier, founded Junan Securities and served as general manager. In just two years, Junan Securities developed rapidly.
At that time, Wanguo Securities and Shenyin Securities represented the leaders of the Shanghai and Shanghai securities industry, while Junan Securities and Pengcheng Special Economic Zone Securities Company were the leaders of the Pengcheng securities industry.
At the end of 1997, Junan Securities' total assets reached 17.5 billion yuan, and it generated profits of 710 million yuan that year, ranking second in the country after Pengcheng Special Economic Zone Securities Company.
When his career reached its peak, Zhang Guoqing began to consider the equity allocation of Junan. How to privatize Junan Securities? It is envisaged that the internationally accepted MBO method will be used to complete the transformation of Junan's equity, that is, the management will obtain the company's shares through repurchase and ultimately achieve control of the company.
Zhang Guoqing and others spent a year and a half using a series of dazzling "financial techniques" to turn Junan Securities into a privately held securities company. However, to everyone's surprise, a A letter of report exposed the mbo that everyone was secretly carrying out...
Zhang Guoqing and others were suspended and under investigation. Subsequently, the merger of Junan Securities and Cathay Securities was completed under the auspices of the regulatory authorities.
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On September 11, China's first Sino-foreign joint venture credit rating company, China Chengxin International Credit Rating Co., Ltd., was established in Beijing. With the approval of the central bank, it is composed of China Chengxin Securities Rating Co., Ltd., Fitch Ratings Co., Ltd., International Finance Corporation and China It is a joint venture established by Industrial and Commercial Times Industrial Development Corporation. Its business scope includes credit rating of bonds, funds and other securities, credit rating of financial institutions, research analysis and information services related to credit rating.
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On September 14, St Su Sanshang's shares were suspended from listing starting today after the suspension of trading on September 1. The company became the first company in the Chinese securities market to suspend listing due to three consecutive years of losses.
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Thursday, September 24
At $18 per share, 20 million eBay shares were publicly offered and listed on the Nasdaq Stock Exchange under the stock code eBay. The opening price was $38.55, an increase of 114%.
"Congratulations to Mr. Pierre!"
As the second largest shareholder of eBay, Wukong Angel Investment Fund (wKIF), Sun Jian was invited by Pierre Omidyar to participate in the bell ringing ceremony.
Sun Jian, Yu Jianguo and Bi Xiaoyun arrived at the Nasdaq exchange headquarters next to the Statue of Liberty in downtown New York, and met with eBay founder and chairman Pierre Omidyar and CTO Jeff Shi Cole, CEO Meg Whitman and others attended the bell-ringing ceremony.
Sun Jian also knew that Pierre wanted to use his name to cheer for eBay's listing and help others and himself, so he was willing to participate and also advertised the Wukong Angel Investment Fund platform.
Sun Jian also went to the United States to check out the work of GcA, GpIc, AtIc and AtIc securities companies, and casually visited his sisters Sun Yuan, Liu Xin and Xiang Dongting.
After the public issuance of shares, eBay's total share capital reached 35 million shares. Pierre Omidyar held 7 million shares, accounting for 20% of the total share capital, and was the largest shareholder; Wukong Angel Investment Fund held 6 million shares, accounting for 20% of the total share capital. With 17.14% of the shares, it is the second largest shareholder. Former CEO Jeff Skoll holds 2 million shares, accounting for 5.71%, and is the third largest shareholder.
On September 4, 1995, Pierre Omidyar registered and founded a website (the predecessor of eBay) in San Jose alone. He received an investment of US$15 million from Wukong Angel Investment Fund and held 6 million shares. 40%.
Pierre Omidyar, the founder and chairman of eBay, holds 7 million shares of eBay and is the largest shareholder. With the successful listing of the company's shares, a billionaire was born.
"Thank you Mr. Sun!"
Omidyar sincerely thanked Sun Jian, the hidden richest man in the world, from the bottom of his heart. After receiving the invitation, he rushed to New York without any hesitation, without any pretense.
In 1995, Omidyah met a girlfriend, and this girlfriend had a hobby that was particularly fond of pez candy boxes, but she was very distressed because she could not find anyone who had the same hobby as her to communicate and share fun with. Omidyar Ya then came up with an idea and created an auction website in San Jose, California, to allow his girlfriend to communicate with Pez candy box enthusiasts across the United States. The website was the predecessor of eBay.
Shortly after its creation, the website was overrun by enthusiasts who collected Pez candy boxes, Barbie dolls and other items. The website's Internet service provider told Omidyar that due to the heavy traffic on the website, it needed to be upgraded to a business account. This resulted in The price increase (from $30 to $250 per month) prompted him to start charging people to use the site, and the site that was ahead of the trend encountered no hostility.
Under the craze of the Internet, the founders did not expect that the website would become more and more popular, becoming an online auction and shopping website that allowed people around the world to buy and sell items online, and continued to conquer cities and territories, kicking off the e-commerce sales of groceries.
"Congratulations Mr. Jeff!"
Jeff Skoll is eBay's former CEO and third largest shareholder, holding 2 million shares. If the stock price can exceed $50, another billionaire will be born.
"Thank you Mr. Sun!"
Jeff Skoll, who has a technical background, is very grateful to Sun Jian. Without wKIF's $15 million in venture capital, eBay would not have developed so fast and so well.
In 1996, Jeff Skoll was hired as the website's first president and first full-time employee. In November of the same year, the website signed its first third-party license agreement with a company called Electronic Travel, using Smartmarket technology. The growth from selling air tickets and other travel products has been staggering.
In January 1997, the site held 2,000,000 auctions, compared with only 250,000 in 1996.
In September 1997, Pierre Omidyar changed the company's name from eBay to eBay.
"Congratulations Ms. Meg!"
In 1997, as eBay's business volume surged, Jeff Skoll, who was born in technology, began to feel overwhelmed. Omidyar was looking for a new CEO for eBay. Mei, who had an MBA from Harvard and served as vice president at Procter & Gamble and Disney. G. Whitman.
Whitman had never heard of eBay before and refused to join. After being persuaded by professional headhunters, he agreed.
"Thank you Mr. Sun!"
Meg Whitman has long admired Sun Jian, the hidden world millionaire. Now when they meet him, he has no airs and exudes a gentlemanly demeanor.
