Countercurrent 1982

Chapter 1509 Yu Guogang

"That's great!" Zhang Weiguo's eyes lit up when he heard this.

Although Zhang Weiguo didn't know how Duan Yun would handle the listing, he was very happy that Duan Yun could make such a guarantee.

In fact, the main reason why Duan Yun asked Zhang Weiguo to be the factory director of this machining factory was that during the final interview, through the conversation with Zhang Weiguo, Duan Yun felt that Zhang Weiguo was actually the same kind of person as himself, and also They all wanted to make a career in China's automobile industry, coupled with his technical level and ability, Duan Yun finally decided to hire him with a high salary.

After the two talked about some related matters, Zhang Weiguo left Duan Yun's office.

In the next two days, Duan Yun was still busy with the company's spin-off and listing.

On Monday morning, Duan Yun and his wife sent the relevant listing approval materials to the city government, and in the afternoon the city government sent a related asset appraisal team to Tianyin Group for inspection and review.

The opening of the Shenzhen Stock Exchange is a very important event for the SZ municipal government, especially for the first batch of companies listed on the Shenzhen Stock Exchange, and there must be no mistakes in the review and evaluation work.

In fact, at this time, Shenzhen’s application for the establishment of a stock exchange has not been responded to by the central government. The idea of ​​​​the SZ city government is to quickly turn "raw rice into mature rice" and quickly implement this matter.

Speaking of which, the decision to create the Shenzhen Stock Exchange began with the need to attract foreign investment.

In 1988, Mayor Li Hao led a delegation to the United Kingdom, France and Italy to inspect the three countries. During a symposium on investment promotion held in London, England, European fund managers suggested to Li Hao that China should establish a standardized securities exchange as soon as possible. Institutions, to facilitate the large amount of funds in their hands that do not directly invest in industries to enter China through the securities market.

To put it bluntly, the main reason why the SZ city government has to take huge political risks and establish the Shenzhen Stock Exchange without approval is to attract investment.

Moreover, the stock exchange in Shanghai has been approved to start formal planning since the end of last year, which also made the SZ city government feel a great sense of crisis. They will definitely pour into Shanghai first, while Shenzhen will miss out on good opportunities for investment and development, and the economic gap between Shenzhen and Shanghai will become wider and wider.

From this point of view, Li Hao is a very courageous leader with a sense of crisis. He dared to take huge political risks to forcibly open the Shenzhen Stock Exchange. This behavior itself is very commendable.

Moreover, in order to allow the Shenzhen Stock Exchange to be formally established, Li Hao went to BJ last month to appease the relevant ministries and commissions, and did a lot of public relations work. If not for Li Hao's trip to BJ , the Shenzhen Stock Exchange is likely to be stillborn before it is born.

In fact, before Li Hao went to Europe for inspection, the Shenzhen stock market that accompanied the shareholding reform of state-owned enterprises had already taken shape.

In October 1986, Shenzhen had promulgated the "Interim Regulations on the Pilot Program of Shareholding of State-Owned Enterprises in the Shenzhen Special Economic Zone", which provided the basis for the establishment of the Shenzhen Stock Exchange. In May 10, it was under construction. The first joint-stock bank in New China, Shenzhen Development Bank publicly issued 1987 common shares to the public in the form of free subscription, becoming the first listed financial stock since the reform and opening up. In September of the same year, it began trial operation as early as 5. , but the first securities company in New China, Shenzhen Special Zone Securities Company, which has been trading treasury bills as its main business, was formally established, and gradually put the agency stock trading business on the agenda. At this point, the Shenzhen stock market has begun to take shape, which also laid the foundation for the upcoming establishment of the Shenzhen Stock Exchange.

And the one who came to Tianyin Group this time for investigation and review was Yu Guogang, the head of preparation for the Shenzhen Stock Exchange.

Yu Guoguang can be said to be one of the first batch of foreign students sent to Japan to study financial securities in the history of New China. Yu Guogang was appointed as the leader of the expert group under the leading group, responsible for drafting the corresponding laws and regulations of the special zone securities market. important work.

According to Li Hao’s instruction of “always learning from the mature experience of foreign securities markets”, Yu Guogang’s first task was to collect and translate the relevant rules and regulations of foreign securities markets. Funds were lacking in the initial stage of preparation, and the colleagues brought by Yu Guogang first worked in his living room, and later I borrowed several sets of mattresses and a dormitory from the Bank of China in Shenzhen, and set up a checkpoint office.

Yu Guogang's team is composed of several graduate students who assist in translation. In the early days of the team's establishment, after five months of hard work, they translated foreign company law, securities law, investment protection law, accounting system and other English materials Once it was translated into Chinese, and then combined with the actual situation of the special zone, it drafted the relevant systems and regulations of the special zone's securities market, which can be said to have formulated the original version of the management system for the Shenzhen Stock Exchange.

Later, in the process of revising business rules and draft regulations, they also received strong support from the "Stock Exchange Joint Design Office" jointly initiated and established by nine of the largest non-bank financial institutions including CITIC and Everbright, and finally formed a set of 9 Yu Zi's "Shenzhen Stock Exchange Preparation Materials Collection", referred to as "Blue Book".

At that time, the preparatory work for the Shanghai Stock Exchange had not yet been rolled out. After learning that Shenzhen had formulated the "Blue Book", the executive deputy mayor of SH City personally led a group of young and capable financial cadres to the south to learn from the Shenzhen Stock Exchange. The comrades in charge of the exchange preparatory group proposed to borrow the "Blue Book" as a reference, and finally received a selfless gift. It was with the help of the Blue Book that the Shanghai Stock Exchange was able to complete the preparations in a short period of time.

That is to say, the systems and regulations adopted by the "two cities" of the Shanghai Stock Exchange and the Shenzhen Stock Exchange were actually drafted and formulated by Yu Guogang's team.

This time, after Duan Yun handed over the listing materials to the municipal government, Yu Guogang's team immediately began to review and approve. This time they approached Duan Yun to discuss the specific matters of Tianyin Group's spin-off and listing.

"Welcome, welcome!" Duan Yun immediately stepped forward and warmly extended his hand after seeing Yu Guogang brought the staff to his office.

"Hello, Mr. Duan!" Seeing Duan Yun get up and walk over, Yu Guogang stretched out his hand with a smile on his face.

Yu Guogang had heard about Duan Yun's deeds a long time ago. Although he joined the SZ municipal government very early, this was the first official meeting between the two. For the boss of the largest private company in Shenzhen, Yu Guogang In his heart, he still admires Duan Yun very much. In his opinion, Duan Yun is a very strong and capable entrepreneur, and he can be regarded as a role model for entrepreneurs in Shenzhen.

Relatively speaking, Duan Yun also found out about the SZ municipal government's securities trading market preparatory organizing committee in advance, and knew that Yu Guogang was the person in charge of the organizing committee, so Duan Yun was also very excited about Yu Guogang's arrival. attention.

(End of this chapter)