Countercurrent 1982

Chapter 1505 The Banker
"Listen to me first..." Seeing his wife's complexion, Duan Yun smiled and said, "Isn't this matter still undecided? If you disagree, you don't need to spin off the real estate company for listing."

"Husband, you have to know that now our real estate company's annual profit can account for at least 2/3 of the company's annual profit, which is more profitable than your chip factory. We don't need to list the company at all. The money we finally earned, why? Want to give dividends to others?" Cheng Qingyan said.

"I think so too, but if I tell you that after the company goes public, we can make more money, will you still refuse?" Duan Yun asked.

"What do you mean?" Cheng Qingyan asked with some confusion.

"It's like this. You know that we mainly rely on policies to start this real estate company. For example, if you buy a house or land in Hainan, if you don't have the government's approval, you won't be able to carry out land development." Duan Yundun After a pause, he continued: "Besides, both in Shenzhen and Hainan, there are city-owned real estate companies. As a private company, do you think the local government will hand over the best and most core real estate projects to us?"

"I have a good relationship with the local government in Hainan, and our real estate company also has a dedicated public relations department..." Cheng Qingyan said.

"But our company is not the direct line of the family, those municipal enterprises are the sons of the family." Duan Yun curled his lips, and then said: "Take Shenzhen as an example. At the beginning, the city government basically had to transfer the land. It was through a public auction, but in the past two years, whenever Shenzhen has high-quality land resources, it will be directly transferred to their municipal companies, including Shentefa, SZ Municipal Engineering Corporation, and OCT. They have obtained it in recent years But they are all the best land in the world, and occasionally the few pieces of land that are publicly auctioned are all leftovers from others, you should understand this situation..."

"Then what do you mean?" Cheng Qingyan heard something in Duan Yun's words.

"Didn't I tell you before? Our mainland is no better than Hong Kong. Without the support of the government, it is very difficult for real estate companies to develop. Especially for private real estate companies like ours, they cannot develop land without government approval. We can’t always make money by speculating and selling houses, right? The payback cycle is too long.” Duan Yun paused, and then said: “So what I mean is that we can use the opportunity of the upcoming establishment of the Shenzhen Stock Exchange to sell our real estate The company is spun off and listed, and some state-owned enterprises are invited to buy shares. In this way, our real estate company can be regarded as an enterprise with a state-owned background..."

"But……"

"I can't bear the fact that children can't be caught by wolves. Besides, if companies like Shentefa can become shareholders, we will also have the opportunity to get high-quality land from the city government in the future. As long as we can get one or two pieces of meat to eat, we will be able to It’s enough for us to earn back the capital with profits. Besides, the stock price of a company with good profits will definitely rise fast, and you can also get a huge price difference by reducing holdings at a high level and buying back at a low level, which is no less than what you can do by speculating in real estate..." Duan Yun paused, and then said: "And with the background of state-owned assets, our business risks will be much less. Isn't this the best of both worlds?"

In order to convince his wife, Duan Yun had already thought up his rhetoric, and the business practices he said were common in real estate companies in later generations.

As for cashing out at a high level inside the company and repurchasing shares at a low price, in fact, it is a common commercial practice in later generations of companies. Most of the major shareholders of well-known domestic companies also use this method to keep their profits firmly in their hands. in their own hands.

Duan Yun actually disagrees with this approach, after all, this is his own business, but in order to convince his wife, he must let her see the benefits of doing so.

And in Duan Yun's view, as the first batch of people who eat crabs on the Shenzhen Stock Exchange, as long as Tianyin Real Estate Company is listed, it is impossible for it to fall sharply in a short period of time. When Wang Shi's Vanke was trading on the Shenzhen Stock Exchange, it only used In just over a year, the stock price has quadrupled, and the scale and strength of Tianyin Real Estate Company are much stronger than that of Vanke. According to common sense, the increase in stock price will definitely not lose to Vanke.

"This is a good way. When I was trading stocks in Hong Kong, I also saw major shareholders of Hong Kong listed companies doing this. It's a pity that I don't have that much money. Otherwise, I can do it like this..." Cheng Qingyan heard this. one light.

In fact, Cheng Qingyan has been very interested in stock trading for a long time, but she is more cautious about investing in the stock market. The funds used in stock trading have never exceeded 200 million, and she has always been in the stage of testing the waters.

But over the years, Cheng Qingyan has also heard many stories about people getting rich overnight by trading in stocks. Compared with real estate, the speed of returning funds from stock trading is much faster, and it is far less troublesome than real estate. It requires a huge team to operate, just because of the risks. Huge, she dare not take this risk lightly.

The last point is that although Hong Kong’s stock market is much more free and mature than that of the mainland, the water inside is also very deep. Millions of funds are thrown into it, and sometimes there is not even a splash. In the 1s At the beginning, the total market value of the Hong Kong stock market had exceeded one trillion yuan. Even if all Tianyin Group's assets were invested in it, the impact on the entire market would be negligible.

But if it is the shares of her own company, Cheng Qingyan has the ability to trade, especially when the domestic stock market has just been established, various regulatory mechanisms are immature, and the capital of the market is limited, Cheng Qingyan can completely turn herself into a big dealer. Start round after round of harvesting.

"Another point is that if we spin off the real estate company and go public, we can still keep most of the shares in our hands, for example, we keep 60%, and then find a well-established state-owned enterprise as the major shareholder, and let them hold 15-20% shares, and the remaining shares can be sold to the public.” Duan Yun pondered for a moment, and then said: “If you still want to keep more shares, you can let my mother or your parents hold certain shares as retail investors. To the fields where the fat and water don't flow to outsiders..."

In fact, in later generations, the China Securities Regulatory Commission has strict regulations on the spin-off and listing of companies. Generally speaking, the parent company cannot hold more than 50% of the shares of the spin-off listed company. There are strict regulations.

However, in 1990, the China Securities Regulatory Commission had not yet appeared. It was not until October 1992 that the China Securities Regulatory Commission was formally established. Before that, the two stock markets in Shenzhen and Shanghai did not have special regulatory agencies. The relevant departments are responsible for the management, and the relevant interim management measures for the stock market are not mature and perfect, and there are many loopholes.

"This method is good!" Hearing what Duan Yun said, Cheng Qingyan's heart was finally moved.

(End of this chapter)