Countercurrent 1982

Chapter 1510 Rule Making
"I have read all the listing materials provided by your group company. The materials are very detailed and indeed meet the requirements of the municipal government..." After the two sat down face to face, Yu Guogang said to Duan Yun in an affirmative tone.

"The establishment of the Shenzhen Stock Exchange is a major event for the development of Shenzhen. As an enterprise in Shenzhen, Tianyin Group should do our part to meet the development needs of the municipal government." Duan Yun said with a smile on his face.

"It is very rare for you to have such awareness. It is no wonder that Mayor Li has such a high opinion of you. Every time I hold a meeting related to Shenzhen enterprises, I take you as a positive example, and this time I also arranged for your company to become our Shenzhen Stock Exchange. The first batch of listed companies..." Yu Guogang said with some emotion.

"I am a small business owner. Over the years, the city government has given us great support for our business. Without the help of the SZ city government, our Tianyin Group would not have been able to develop so fast." Duan Yun paused, Then he said: "I won't say more if I'm being polite, I want to know what's the matter with Director Yu's visit to our company this time?"

"The main purpose is to inspect your company's assets and operations, and I want to talk to you about the problems in your listing application..." Yu Guogang said with a slight frown.

"You can ask any questions."

"That's right, let's not talk about the company's valuation for now, because it needs to be calculated together with the financial institution. The main reason is that I want to tell you about the equity allocation of the two companies that you plan to spin off and go public..." Yu Guogang After pondering for a while, he continued: "According to the regulations recently issued by our Shenzhen Stock Exchange, 50% of the shares of listed companies are required to be publicly offered, but in your listing application, the parent company needs to retain 60% of the shares, which is completely inconsistent with ours. Provisions……"

"Director Yu, I don't doubt your professionalism at all, but I think we are just preparing to establish the Shenzhen Stock Exchange, and some things should be flexible." Duan Yun paused, and then said: "Let me tell you the truth, in fact With the current profitability of our Tianyin Group, there is no need to raise funds through listing, and the annual net profit can reach 10 billion. There is no problem of lack of funds. In addition, many banks in Shenzhen and Guangdong have also actively contacted our group in the past two years. I hope we can get a loan from their bank, but I really don’t have the habit of owing money, so I didn’t agree to them. In fact, I decided to go public this time in response to Mayor Li’s call to support the development of our Shenzhen economy. Spin-off……"

Generally speaking, when Duan Yun faces government officials, his attitude is still very respectful, but this time the company's last incident has already involved the core interests of the group company, so it is absolutely impossible for Duan Yun to make any further concessions of.

It is precisely because of this that Duan Yun was a little tough in the face of Yu Guogang's opinion. In fact, he was telling Yu Guogang by name that he did not want to go public by himself, but to save face for the city government.

"President Duan..." Hearing what Duan Yun said, Yu Guogang frowned, and then he continued: "I know you have made some contributions to Shenzhen's economic development, but there are rules for everything. I also hope that you can understand my work..."

"Of course I understand your work, but I also hope that you can understand my situation." Duan Yun spread his hands, and then said: "It's like I worked so hard to raise my child, but in the end the child changed into someone else. surname, can you accept this kind of thing?"

"It's not as serious as you said..."

"But the problem is that 50% of the stock is sold publicly, so there is such a danger!" Duan Yun frowned, and then said: "Director Yu, people are dead, but methods are alive. I know you are a very smart person. Things will definitely be flexible, and our Shenzhen Stock Exchange has not yet been formally established, and many rules and regulations have not been finalized. What I said just now was completely out of consideration for the interests of our company, I hope you will forgive me."

"We also hope that the establishment of this Shenzhen Stock Exchange can help your company..." Hearing Duan Yun's tone softened, Yu Guogang's expression softened a little, and he continued: "Foreign securities markets are It was done in accordance with this rule, so I also hope that our domestic listed companies can accept this rule..."

"There are indeed a lot of experience and systems abroad that we can learn from at home, but we can't copy them all..." Duan Yun curled his lips, and then said: "Our national conditions are different from those of foreign countries, and the social system is also different. When the country proposed If we want to build socialism with Chinese characteristics, it means that some foreign things are not suitable for China’s national conditions. If foreign systems and rules are effective, then we should simply take the road of capitalism, why insist on socialism?”

"You can't say that nonsense!" Hearing what Duan Yun said, Yu Guogang was taken aback, and quickly said: "Your thinking is very dangerous. Our country is different from those capitalist countries..."

"Look, you also admit that we are different from foreign countries, right?" Duan Yun spread his hands, and then said: "After so many years of reform and opening up, the country is crossing the river by feeling the stones. What system is suitable and what system is not, only It can only be verified by practice, so I feel that our Shenzhen Stock Exchange cannot copy some western rules and management methods, and must conform to the current national conditions.”

"Yes, yes, it must be in line with our national conditions. Regarding the issue of shares, I will go to a meeting to discuss it later." Yu Guogang did not expect Duan Yun's eloquence to be so good, and was so stunned that he could not refute.

In fact, Yu Guogang also understands that Tianyin Group is not an ordinary company. He didn't take the initiative to ask for listing, but was "invited" by the municipal government to go public, so Yu Guogang couldn't show too tough a attitude towards it.

In addition, a large private enterprise with strong financial resources like Tianyin Group actually has the qualifications to bargain with the local government to a certain extent. Even if he is not in Shenzhen, he will be treated as a guest by the local government in any city in China. In terms of "supply", after all, invigorating the local economy is one of the top tasks of all local governments, and all localities have tried their best to attract business and investment.

In terms of these two aspects, even though Yu Guogang was an official of the SZ city government, he could only lower his stance when facing Duan Yun.

"By the way, Director Yu, does the Shenzhen Stock Exchange have a computer trading system?" Duan Yun suddenly changed the subject and asked Yu Guogang.

"No..." Yu Guogang was stunned for a moment, and then said: "This thing is more complicated, and it may need to be imported from abroad..."

Yu Guogang did not expect that Duan Yun would suddenly ask this question, but the matter about the computer trading system of the Shenzhen Stock Exchange had troubled him for a long time.

In fact, in my previous life, at the end of 1990, the Shenzhen Stock Exchange "tested listing" ahead of Shanghai. Since there was no computer trading system like the Shanghai Stock Exchange, the most primitive manuals of verbal reporting and whiteboard bidding were used. way, which makes the Shenzhen Stock Exchange's transactions look a bit crude and unprofessional.

Previously, the SZ city government also planned to import a computer trading system from Hong Kong, including securities trading software. However, the quotation given by the Hong Kong securities company was as high as tens of millions. This made the SZ city government, which has always been financially tight, very helpless.

"Actually, that thing doesn't have much technical content. If Director Yu trusts our company, we can develop related securities trading software in a few months, and a full set of computer operating equipment will be provided as a gift." Duan Yun said with a smile .

(End of this chapter)