Counterattack 1988

Chapter 1493 The Seesaw Theory of the Think Tank

Mr. Wei also had a dinner and shook hands with Wang Lin to say goodbye.

Mo Keke said: "Mr. Wang, do you still need to think about such a good thing as going public?"

Wang Lin smiled and said, "Is it necessarily a good thing to go public?"

Mo Keke said: "You can raise money to collect money! Isn't this a good thing?"

Wang Lindao: "However, Aishiu Group is not short of money!"

Mo Keke smiled helplessly: "Looking at the country, only Mr. Wang can say such domineering words! How can any company not lack funds? I would like to go public even in my dreams. If we can go public, the scale of our company will be able to expand a lot." times."

Wang Lindao: "Then go public!"

Mo Keke smiled bitterly and said, "Mr. Wang, you really don't feel pain in your back when you stand up and talk. If it was before, our company might still be listed. Now we are starting from scratch. If Kekexi wants to go public, at least five to ten people have to wait in line. year."

Wang Lindao: "The one who can make a comeback is the truly powerful person."

While talking, came to the box.

The vice presidents and members of the think tank stood up together and greeted Wang Lin well.

Wang Lin invites everyone to sit down.

Guo Lingling saw that Yanzi was also coming, so she had to give up a seat, which originally belonged to her, to Yanzi.

Yanzi was not polite, and sat down beside Wang Lin.

She knew that all the people present here were big bosses of the company, so she kept silent for fear of offending others by saying the wrong thing.

The waiter came over to ask if it was okay to serve.

Wang Lin said: "Serve the wine and the food!"

During the meal, Wang Lin toasted everyone with a glass of wine.

Everyone stood up and clinked glasses with Wang Lin.

Seeing this, Yanzi also picked up the cup, following everyone's example, raised the cup, stretched out his arms, and clinked the cup with Wang Lin.

Wang Lin glared at her: "What kind of wine do children drink?"

Yanzi was startled, and stuck out her tongue: "Brother, I drink a lot. I can drink such a small glass of wine. If you don't believe me, I'll show you."

Wang Lin knew that Xu Ying had a lot of alcohol, but he didn't expect Yanzi to inherit her mother's ability to drink.

"You can drink but you can't drink too much, just one cup, don't drink too much!"

"Okay, brother. But this wine is really good! Can I have another small glass?"

"..."

After drinking for three rounds, Wang Lin mentioned that the company went public.

Those present are all company executives, or think tanks.

When the brain trust team just joined the company, they encountered such a big incident. Everyone was not in a hurry to speak, but whispered to each other.

Qian Ying and others are economists, so of course they know what going public means to a company.

Since Wang Lin consulted everyone, he definitely wanted to hear some pertinent opinions, not platitudes.

Zhou Boqiang said: "Mr. Wang, the listing of the company generally has many benefits."

In 1994, apart from the joys and sorrows brought by the stock market, the whole society was moving forward rapidly.

Qian Ying said calmly: "This year, there is a new expenditure on the wages of Chinese people, which is the housing provident fund. The reform of the housing system centered on monetization and housing allocation has officially started and will be officially implemented next year."

Deng Dabao said with a smile: "Mr. Qian, Mr. Wang asked us to use the stock market, and you answered the housing market? Isn't this a mistake?"

Qian Ying said: "No, economic development cannot be separated from the stock market, nor can it be separated from the housing market."

Wang Lin thought to himself, Mr. Qian's words are incisive!
Deng Dabao said: "Then tell me, what is the relationship between the stock market and the housing market?"

Qian Ying said: "Based on my analysis of the economic markets of developed countries, the real estate market and the stock market are in the form of a seesaw most of the time."

Now even Wang Lin became interested, and asked, "Old Qian, seesaw, how do you understand it when you put it in the real estate market and the stock market?"

Qian Ying said: "Except for a few periods, such as the collapse of the Japanese economy, then there is no need to say that all industries are in depression, right? The seesaw state I am talking about refers to the period of normal economic development."

Wang Lindao: "Understood. Ask for advice."

Qian Ying said: "Based on my analysis of the economic markets of various countries, the real estate market and the stock market are actually in a trade-off relationship. The stock market and the real estate market have always attracted a large amount of funds, precisely because the amount of funds attracted is too large. The stock market and the real estate market have always been a seesaw effect, resulting in a long-term phenomenon of one up and one down, one down and one up, in fact, this is all due to the liquidity of funds in it.”

Zhou Boqiang smiled and said, "Seesaw, this word is very vivid."

Qian Ying said: "When the stock market plummeted and the stock market fell into a panic, the stock market could not generate money for investors, and a large amount of funds would flow out of the stock market, which led to the lack of liquidity in the stock market; and this After a large amount of funds flowed out of the stock market, where did these funds go? Of course, they flowed into the real estate market. This is equivalent to amplifying the funds in the real estate market. And once the funds in the real estate market are sufficient, it can promote transactions to become active, and naturally active transactions can drive housing prices up high."

Deng Dabao said: "This situation is suitable for capitalist regions, right? Our domestic houses are all allocated."

Qian Ying said: "So I just mentioned the domestic real estate policy. Our stock market has just taken shape, and commercial buildings have also begun to be liberalized. Look at how much the housing prices in Shanghai have risen in the past few years? The price has risen to more than 6000 yuan per square meter in the central area. Ordinary workers need to save almost a year’s wages to buy a square meter without eating or drinking.”

Deng Dabao said: "The housing prices in the border areas are not high, and there are many more than 1000."

Qian Ying said: "Actually, the concept of commercial housing has existed for a long time. I still remember that in 1980, there were commercial housing in China. At that time, an ordinary citizen had to work for 60 years without eating or drinking to afford a commercial housing. You may not know it? From 1979 to 1981, 60 cities across the country implemented full-price house sales, but the results were not ideal. At that time, the monthly salary of ordinary workers was about 60 yuan, and the price of pork was about 1 yuan per catty. The housing prices were so high It is conceivable that this is also the reason why commercial housing has not been popular in China, because everyone is poor and no one can afford high-priced commercial housing.”

Wang Lin thought, Qian Ying really has some knowledge.

Even Wang Lin doesn't know these histories!
Qian Yingdao: "If you can't afford it, what about subsidies? From 1982 to 1985, 160 cities and 360 counties experimented with subsidized house sales, but the idea of ​​housing reform at that time was mainly based on rent reform, so it didn't happen after that." It’s over. The accurate housing price data is recorded in 1981, when commercial housing in Ruian, Zhejiang Province was hot, do you know what the housing price was at that time?”

Wang Lin smiled and said, "It should be tens of dollars per square meter, right?"

Qian Ying said: "That's right! I remember this figure very clearly. It is well-documented! 68.85 yuan per square meter, the total price of each house is only 2600 yuan. This price seems relatively close to the people. But it takes a month to buy one square meter, and this is still in a small county. Workers in small counties have lower incomes! The rich look down on the houses there, and the people who live there cannot afford commercial housing. This is a vicious circle, so there is still no result."

Wang Lindao: "Mr. Qian, you have done a lot of research on my country's real estate. Then, when did the real commercial housing complex in our country appear?"

Qian Yingdao: "Commercial housing has existed for a long time, but the emergence of commercial housing communities should be counted in July 1988. The first land auction and mortgage loan in Shencheng. The commercial housing community Dongxiao Garden in the true and complete sense was completed in Shencheng. The selling price is 7 yuan per square meter. This date is the date of completion. If we want to calculate the construction time, we can advance it.”

Wang Lindao: "Why, in my memory, there were commercial housing in Shencheng around 90?"

Qian Ying said: "After Dongxiao Garden in Shencheng, it should be on February 1989, 2 that Beijin publicly sold 15 sets of commercial housing built in prime locations for the first time, at a maximum price of 350 yuan per square meter, but only 2000 sets were reserved. There is no way, it is still too expensive. It was also in this year that commercial housing complexes appeared in Shencheng.”

Guo Lingling couldn't help asking: "Mr. Qian, then, why did the housing price rise so fast? It was only 2000 yuan a few years ago, but now it has risen to more than 6000!"

Qian Ying smiled slightly: "In the early 90s, Qiong Province's large-scale development promoted the prosperity of the real estate market, and the housing price in the center of Shencheng City rose to 6000 yuan per square meter. However, with the first real estate regulation last year, that is, 1993, The real estate bubble in Qionghai and other places burst. Now the real estate market is still howling.”

Deng Dabao said: "Mr. Qian, you mentioned so much real estate, what about the stock market? Can our company be listed?"

Qian Ying said: "Let's analyze it again. The real estate and the stock market in the past few years. The real estate was booming before, but the stock market has fallen for two years, right? It hasn't slowed down until now."

Deng Dabao said: "Mr. Qian, according to your seesaw theory, if real estate has fallen this year, funds should flow into the stock market? Why hasn't the stock market risen?"

Qian Ying said: "It seems that everyone is very concerned about the stock market!"

Deng Dabao said: "Is there any need to pay attention to this? The previous stock market has fallen to his grandma's house!"

Indeed, the stock market in 1994 can be said to have plummeted three thousand feet!

After the stock market peaked at 1993 points in 1558, it fell and fell all the way to around 700 points.

This year, it has continued to fall, with the lowest plunge to 333 points.

For this reason, in the spring of 1994, the relevant departments issued a four-no policy, that is, the 55 billion new shares will not be listed in the first half of the year, the stock transfer income tax will not be levied this year, public shares and individual shares will not be merged within the year, and listed companies are not allowed to distribute shares randomly.

The stock market did not stop until the end of the year, achieving a round of small gains.

Qian Ying said: "There must be a transition period for the transformation of everything. Has the real estate market fallen this year? Since the second half of the year, the stock market has obviously picked up, rising from 333 points to more than 600 points."

Deng Dabao said: "You analyze it, analyze it, then you talk about it, can we go public?"

Qian Ying pondered and said: "President Wang, our think tank only analyzes data for you, and does not help you make decisions."

Wang Lindao: "Yes, but, can you give me a little more analysis?"

Qian Ying said: "There are a few major policies, I would like to ask Mr. Wang to pay attention."

Wang Lin said: "Please tell me."

Qian Ying said: "In addition to the real estate development policy I mentioned earlier, there is another policy related to the stock market. Relevant departments have issued a policy and decided to cancel the T+1995 turnaround transaction in 0 and implement the T+1 transaction system. On the day this document was announced, the Shanghai Composite Index fell by more than 10%. We still don’t know what kind of far-reaching impact it will have next year.”

Wang Lin nodded.

What Qian Ying said are very objective things, and they are policies issued by relevant departments.

Wang Lin also knew about these documents, but he might not be able to recall them, let alone connect them with the company's listing.

Qian Ying said: "There is one more thing. From next year, our country will experiment with the weekend policy. In addition to reducing people's work burden, this policy will also objectively promote the vigorous development of the tertiary industry. And, ah, my country's first A football league kicked off, and Chinese football began to have its own commercial league. The Daya Bay nuclear power plant began commercial operation, and the Three Gorges Project on the Yangtze River started at the end of the year."

Wang Lin was startled.

If the things Qian Ying mentioned earlier have something to do with the company's listing, how do the following things have anything to do with the company's listing?

Deng Dabao couldn't help but sneered: "Mr. Qian, you don't have to tell everything, do you? Show off your breadth of knowledge? These are all irrelevant things!"

Qian Ying said: "Mr. Deng, do you think it doesn't matter? I think it has a lot to do with it."

Deng Dabao smiled and said, "Then I would like to ask you sincerely. What does this have to do with our company going public?"

Qian Ying was silent for a moment, then asked Wang Lin, "Mr. Wang, what do you think?"

Wang Lin said calmly: "The policies mentioned by Mr. Qian are all good news. However, these good news are related to the service industry, the sports industry, and the power industry. It has nothing to do with our textile industry!"

Zhou Boqiang, Deng Dabao and others were all stunned.

It turned out that Qian Ying was euphemistically reminding everyone: next year, or even the next few years, the spring of the textile industry has not yet come!

Deng Dabao said: "According to Mr. Qian, there is no need for our company to go public? This opportunity is rare. Many companies want to go public, but they have all been kicked back! Our company is fully capable of going public and financing, although we do not lack funds , but we also borrowed a lot of bank loans, right? If we get funds, we don’t have to rely on the bank’s face anymore.”

Qian Yingdao: "I didn't say it couldn't be listed. We don't make decisions, we only provide information."

Deng Dabao said: "Then what you keep saying is to persuade Mr. Wang not to go public!"

Qian Ying said: "This statement is wrong. The current economic environment is not friendly to the textile industry. Therefore, textile companies will have difficulties in financing and loans. At this time, going public for financing is precisely the most beneficial thing However, for the same reason, the overall textile industry is in a downturn. How much confidence can investors, stockholders, and retail investors have in the listing of textile companies? After listing, will the stock price rise or fall? Is the company's industry bullish or bearish? I don't do it Decision-making, only provide Mr. Wang as a reference."

Everyone was stunned.

Wang Lin was also stunned.

Yes!

Everything has pros and cons.

how to choose?

Wang Lin is the owner of Aishiu Group, this decision can only be made by him, no one can replace him.

At this time, a hearty laugh came over: "Hello, Mr. Wang! Hello everyone! It's a pleasure to meet you. Let me offer you a glass of wine."

The person who came was the head of the Shanghai Stock Exchange, Mr. Wei!

(End of this chapter)