Coquettish Rebirth

() Daxia Yang was a Liu Bei-like character when he was a child. He didn’t obey the rules when he was a child. He was lively and courageous. After doing something bad, it's as if he's done nothing wrong. [Full text reading.baoliny.]

The current capital swordsman, with a big back hair, is meticulous and almost always faces people with his front, and he doesn't want people to see his side and back.The East Lake Hotel he is renting now was rented several years ago, or he rented it not long after he came to Shanghai.Because, this Donghu Hotel is the place where the Chinese stock market "Huashan discusses swords"!

In the Chinese stock market back then, the first batch of speculators basically lived in the Donghu Hotel!Well-known speculators in Shanghai, such as Yang Wanwan, Mrs. Liu, Zhu Huanliang, etc. are stationed here, and Yang Rong hangs out with these people all day long, which can be regarded as a lot of money!And at the same time, I also learned a lot of knowledge about capital operations!

After transferring 4% of Huayin's shares to this Huabo, Yang Rong made another small move soon. He did the work of Jinbei again and asked Jinbei to transfer 6% of their 4% shares to Huabo. Hua Chen - attention!Huachen is a leather bag company that evades taxes. It now owns 4% of the shares of New Jinbei, and Huabo, which holds 1% of Huachen’s holdings, owns 4% of the shares transferred by Huayin. That is to say, Huachen can actually control % of New Jinbei shares!The old Jinbei only owns 2% of the equity of the new Jinbei!

At this time, Yang Rong used various reasons to announce that Jinbei does not conform to the principles of US stock listing and needs to undergo a share swap reform. After some reforms, Huachen has an absolute controlling stake of 51%. Transformation, of which 75% of the shares belong to Yang Rong, and the other 25% belong to someone whose name is not known.What everyone knows is that Huayin, a state-owned enterprise that has not had any complaints about being used in this process, and its chairman Xu retired in 93.Immediately joined Huabo Finance Company as the chairman...

At the end of this series of asset reorganizations that made ordinary people dizzy, no one could tell who was losing money and who was taking advantage of it—didn't Huabo seem to theoretically control 51% of the shares before?Now it has become [-]%, is this a loss?But why did the state-owned Huayin seem to lose money after entering and exiting?Why does the old Jinbei seem to be losing money?

And not even that!There are still many tricks played by Yang Rong!Because I heard Wang say that if the US stock market is listed, it is necessary to collect money to rely on the background of a state-owned enterprise. It seems that it is not very powerful, and the gold cup assets are too ugly.It needs to be "operated".then.This Yang Rong made it clear that Huayin, where Xu is the chairman, and the China Finance Institute, where Xu is the party secretary and executive vice president, and the Education Department of the People's Bank of China jointly launched an ng organization-that is, all kinds of leapfrogs in later generations. A non-governmental (non-profit) organization that is eager to try.The name of this ng organization is "China Financial Education Development Foundation".

This foundation took 1 yuan from the "Career Income" in the Education Department of the Central Bank, and then Huachen Company in Bermuda contributed 1 yuan to this foundation.Comrade Yang Rong served as the director and vice president of the foundation.

Wait, this doesn't sound like a gimmick. Isn't this about bribing the comrades of the central bank with money?of course not!If you want to bribe, you have already finished bribery at this time!This is at work!It turned out that after Yang Rong established this ng organization, it was because their company invested in this ng.He is a director, so through several months of "transferring" and "capital increase" and other work, all the capital of Huachen, a shareholder, was transferred to this ng organization!

You know, in this financial education development foundation at this time, they Huachen accounted for the vast majority of the shares, and the education department of the central bank was just a name.In this way, Huachen is still under the absolute control of Yang Rong, but after such a transfer, Huachen has an extra father-the central bank!That's right!The reason for doing so much.Just to give myself an extra background and find an extra father in the system!

Ever since, a Chinese concept stock is also a state-owned enterprise, and then has the background of the central bank.And to run it all on your own... how wonderful that sounds!How can it attract the attention of American investors!Even when the staff of the US Securities Regulatory Commission came to Jinbei for investigation and assessment in person, they were directly received by some personnel from the central bank, and they were all Americans received in the central bank's internal office in the name of the central bank!This makes Americans see, doesn't that mean that the People's Bank of China is the "godfather" of Jinbei?Then there is the Gold Cup endorsed by the Central Bank of China.So what if the performance is bad?Can't it be listed?

It can be said that this is Huachen's most subtle move.It was also Yang Rong's most proud move!However, this tactic tricked the Americans, but it will become Yang Rong's own Achilles' heel in the future! In July 1992, the A-shares of Jinbei Automobile were listed on the Shanghai Stock Exchange-this was the listing of the new Jinbei itself, and then in January 7, Huachen BMW... No!Huachen Company, whose main asset is Jinbei Bus, is listed on the US stock market!As the first stock in the socialist red regime to land in the United States, this Huachen caused a sensation in the United States-a sensation on Wall Street, which was oversubscribed by 1992 times, and finally raised 1 US dollars!

In this era, an old state-owned enterprise was packaged by a leather bag company registered overseas, and then the leather bag company made a fortune by listing in the United States. This directly became a hot topic in the financial world!I have to say that Yang Rong's skills are really powerful here. You must know that China's "Company Law" has not yet been released, let alone the China Securities Regulatory Commission!In this way, everything about Yang Rong is on the edge of the policy!At the same time, it can also be considered that this is the example of Yang Rong, which stimulated that Huang Hongnian in Southeast Asia to want to copy Yang Rong's way of collecting money on a large scale!

In the eyes of foreigners, China's financial internationalization was promoted by Yang Rong alone. At least the contents of the prospectuses of Chinese companies listed in the United States in later generations were directly copied from Huachen!Just change the company name!The biggest beneficiary of Huachen’s successful listing in the United States this time is of course Yang Rong himself. He started his business with Huabo with tens of millions of funds. $72!According to the exchange rate of the year, this is directly 3 million!

Part of the 3 million was given to Jinbei Bus, which was just a rotten factory kneaded by some small workshops, but it has transformed into the most famous and most promising company with the most optimized property right structure in China!How funny!

However, funny is funny, Harvard Business School still included the Huachen IPO prospectus written by Yang Rongcao as a classic case and included it in the textbook.And Jin Bei was one of the beneficiaries led by Yang Rong.Moreover, the listing of Huachen gave Jinbei a chance to absorb blood in the capitalist developed countries. This made several provincial party committees in the Northeast very excited. They discussed with each other and planned to form a China around Jinbei and Fengtian. The largest automobile center in the north!They even made it clear that China's Detroit will come out... If these leaders see that Detroit is full of black uncles in the 21st century and becomes like a ghost town, I don't know if they will say that...

The relevant leaders want to take advantage of Yang Rong, a capable man, to develop the automobile industry.This idea is very good, but Yang Rong is not interested.From his point of view, any industry would be overfed!Isn't it good to do finance like him?Just find a messy state-owned enterprise, buy it at a low price, then package it and list it in the United States, and get tens of millions of dollars into the account at once.

I didn't know that a few years later, there would be a Yang Rong named Jia Hongjian who could do this. At this time, the biggest idea was to copy this model without listening.But when he returned to Shanghai and held a seminar, he actually took the initiative to fish, to see if there were any interested state-owned enterprises who would throw themselves into the net, but he was directly called by an organization in central yang and said——what are you doing? Too much!Doing any more is illegal!Investigate carefully!

At this time, Yang Rong gave up the idea of ​​​​replicating operations on a large scale.Yang Rong is not interested in cars, and he doesn't know anything about cars. He didn't know that China's auto industry was going through a pain relief in 91! On November 91, 11, after the last Shanghu brand car rolled off the production line, the only domestically produced car brand in China, the "Shanghu" brand car, announced the suspension of production.As early as 25 years, the "Hongqi" brand has been discontinued, that is to say, until November 7th, the national brand cars, died!

At this sad moment, German Volkswagen’s investment in China has been increasing year by year. Its annual output of Santana is 6, which is close to the total output of "Shanghai" brand cars in the past two years. It has become the number one car brand in the Chinese market. . In 2, the American "Business Weekly" commented: "In 1991, Shanghai Volkswagen's after-tax profit exceeded Volkswagen's global profit target. One of the reasons is that only under the conditions of a state-owned economy like China, an ordinary A Volkswagen Santana can only sell for 199 yuan, almost 17 times the world average price of this product.” In May 6, relevant state departments decided to scrap 1991 old cars manufactured before 5 within the next four years. The vast majority of domestic old cars are listed here.This is undoubtedly a great benefit for China's auto industry, but it is a pity that those old state-owned factories have no chance to share the cake.

It can be said that Jia Hongjian aimed at the field of domestic automobiles, because he knew the vacancy, and it was also the reason why he looked down on Shanghai Volkswagen for selling a poor Poussin 6 times the world price.Also as a genius, Yang Rong slowly began to realize that accidentally entering the automobile industry seems to be quite good!Maybe some tricks in the auto industry?Maybe in the future, BMW can be merged and renamed BMW Huachen BMW?