Coquettish Rebirth

After teaching Little Lolita two lessons, Jia Hongjian was invited by Mr. Luo and Wang Koulan to stay for dinner again. Even Xiao Zhang's cooking skills seemed to be much better than before.While eating, Jia Hongjian chatted with Mr. Luo and Wang Koulan about various news reports in the news broadcast.

"Today, the China Securities Regulatory Commission issued a document announcing that domestic legal entities will be allowed to trade A-shares in the near future..." When such a report came on the TV, Jia Hongjian stared at the TV in a daze.

Seeing Jia Hongjian was taken aback, Wang Koulan seemed to realize something, and asked speculatively, "Xiao Hongjian still has research on finance and economics?"

At this moment, Jia Hongjian didn't realize that Wang Koulan changed his name when he saw how dedicated he was teaching Lolita today, he just nodded absent-mindedly, "Knowing a little superficial, this should be open to domestic legal persons a stock trading, which means that mergers and acquisitions of listed companies are allowed..."

"Is that what you mean?" Wang Koulan was taken aback. She was not very familiar with finance and economics, and she really didn't know the meaning behind that sentence of financial news that ordinary people could not understand.

"Yes, isn't a domestic legal person a domestic company? A legal person is not a natural person, and a legal person is the personification of a social organization in the law. That is to say, social organizations and groups can enter the stock market for stock trading. With huge financial resources, they can even acquire a large number of shares in a certain company, and then become shareholders or even major shareholders of the company..." Jia Hongjian explained.Although he was a middle school student in his previous life, he didn't remember the promulgation of this regulation, but he knew that with this regulation, Yanzhong Industrial, where his father worked, would be acquired soon.

"They're all owned by the Communist Party. What's there to buy? Everyone is contributing to socialism..." Mr. Luo said disapprovingly.

Listening to Mr. Luo's words, Jia Hongjian smiled, thinking of his father Jia Gang when he was acquired in his previous life, and his father's reaction was exactly the same as Mr. Luo's. "Yes, everyone is contributing to socialism. But socialism is also a dragging bottle brought by the sons and wives...State-owned enterprises are the sons, collective enterprises are the godsons, and private enterprises are the dragging bottles. Private enterprises Corporate loans are not easy to get, and in this era of slowly rising inflation, if they want to raise money, what else can they do besides buying shares of listed companies to go public through a backdoor listing?"

Mr. Luo and Wang Koulan were taken aback for a moment. They had never thought of this question before.They are not Jia Hongjian, they have not experienced the explosion of Internet knowledge in later generations, they cannot learn a lot of professional knowledge through chatting and farting on the Internet, and they are not like Jia Hongjian who spent a lot of time working on financial platforms in his previous life. , I don’t know that the state has always been indifferent to private enterprises.

"You mean... many large state-owned enterprises are not yet listed... so they can spend money to buy shares in listed collective enterprises, become major shareholders, and then rely on the rise in stock prices to raise funds?" Wang Koulan didn't know why she suddenly thought to this aspect.

Although what she said was not a problem with Jia Hongjian, Jia Hongjian still nodded, "Yes, aren't the old stereotypes that were listed for the first time before all collective enterprises, all because of insufficient capital and scattered shares. , there was no one to protect them, so they were pushed out to be the first to eat crabs. And there are indeed many state-owned enterprises and central enterprises that are not listed. % of the shares are in the hands of retail investors, as long as you buy more than 91% of the stock, you can become a member of the company's board of directors, and if you buy more than 5% of the stock, you can become a major shareholder and become the chairman..."

After Jia Hongjian finished speaking, Wang Koulan was distracted. She seemed to be thinking about something, as if she had thought of some plan.

"Could this sister Yu also be involved? That's right! I don't know what she is doing! Could she happen to be from Shenzhen Bao'an Shanghai branch?" The fact that the company was acquired was caused by his talkative son in this life!But before Jia Hongjian could ask, Wang Koulan apologized and went back to her bedroom to make a phone call...

Looking at Sister Yu's graceful back, Jia Hongjian thought, "Forget it, it shouldn't be such a coincidence, but even if it is, it doesn't matter, anyway, he can work hard with me only after his father has resigned, as long as he doesn't make it self-defeating." If Shenzhen Baoan cancels the acquisition, everything will be fine.”

"Why is Xiao Hongjian so familiar with finance?" At this time, Mr. Luo suddenly asked curiously.

"Are you familiar with it? Hehe, I didn't study it specifically. I just got a general understanding of the basic rules, and after reading the news, I can probably know what's going on..." Jia Hongjian casually asked for a reason.

However, just when Mr. Luo was feeling strongly about Jia Hongjian, a young man, this news came from the TV—"Today, Zhu Rongji, Vice Premier and Governor of the Central People's Bank, announced that our country will On January 1994, 1, the tax sharing system was implemented nationwide, and then the national tax bureau will be divided into two systems, the national tax bureau and the local tax bureau..."

At this moment, Mr. Luo only noticed that Jia Hongjian sighed sadly after hearing the news, "What's wrong?" the old man asked.

"Once the tax-sharing system is implemented, the previous situation of the poor in the central area and the rich in the local area will change. It will become rich in the central area and poor in the local area..." Jia Hongjian said with emotion. He is well aware of the consequences of the tax-sharing system on China in the 21st century.

"En?" Mr. Luo doesn't know much about finance, but after thinking about it, he thinks that the scene Jia Hongjian described is not bad? "Isn't this great? I heard that the central government in Beijing is struggling. It seems that Finance Minister Liu Zhongli asked the Deputy Prime Minister in charge of finance for a note. The Deputy Prime Minister said he had no money, but in the end he didn't have any money." Yes. I heard that last year, if several central government agencies did not borrow money at the end of the year, they would not even be able to pay the New Year benefits and year-end salary..."【Note】

Jia Hongjian was shocked when he heard the old man's words - who is this old man?What was the situation in the central government last year that he knew so well?Although it was just hearsay, but was this kind of thing heard by ordinary people at that time?Even hearsay about the Minister of Finance asking the Deputy Prime Minister for money?

He tried his best to keep his expression unchanged, and pretended to be compiling his sentences. After a few seconds, he replied in shock, and said, "Yes, the tax-sharing system is actually quite good, and the tax-sharing system is also popular in the world. But our country, unlike other countries in the world There is a difference in the country, that is, the government manages the land. I personally think that Vice Premier Zhu must have had a tug-of-war with the local government for a long time for the tax-sharing system. Even if he obeys the organization, the subordinates must be compensated a little bit, right? Maybe the central government will decentralize A lot of autonomy is given to the localities. Then, after the tax sharing system, the central government is rich and the local areas are poor. It is easy to go from frugal to extravagant, but difficult to go from extravagant to frugal. If the local governments want to get more money, what do you think they will do? I think if it were me, the easiest way would be to sell the land..."

Yes, a housing reform has been completed in 92.This so-called housing reform is to sell the houses that were previously completely owned by enterprises and leased to employees of state-owned enterprises for accommodation at a relatively cheap price.This is equivalent to opening up the real estate market to buy and sell, and then there is a tax-sharing system, and the local government controls the right to transfer land. Will it lead to real estate developers wantonly buying land to build houses, and will it lead to higher and higher land prices and housing prices? Isn't it obvious that the higher it is...

Jia Hongjian told Mr. Luo his deduction about the real estate market, and finally commented: "Now the economic situation is a bit overheated. Looking at the current inflation rate and the tax-sharing system, maybe 20 years later, several 10 RMB , I can only buy a bathroom in your house..."

"How much is 10 yuan?" Mr. Luo's eyes widened, "Hahahaha, Xiao Hongjian, you really know how to joke! Our country's renminbi is not the gold yuan coupon of the Kuomintang, how could it depreciate so fast, eh? Look at 88." The inflation rate in China is so high, and the wages of ordinary workers are only doubled compared with ten years ago. After 20 years, will a middle-aged worker earn 400 yuan a month? This is still counted as a big currency every ten years. Inflation. You don’t know that in 88, inflation and the price of non-staple food broke through the barriers. That day, the prices of firewood, rice, oil, salt, soy sauce, vinegar and tea all soared. My family stocked up a bathtub of soy sauce..."

The old man obviously does not believe that the value of the RMB will be so low by 2013, and that ordinary people will take so many pieces of paper—the more pieces of paper they take, the lower the actual value of the paper is, because the value of labor force has not changed much!The old man also does not believe that it will take several 10 yuan to buy only one bathroom in the core urban area on the edge of the inner ring road of his house...

Jia Hongjian smiled with the old man, but didn't say anything.He is not a child, how could he pull others desperately to make others believe in him?The reason why he told the old man about the future direction of real estate was because he was sure that the old revolutionary, as an old man, would never believe it!

The old man is even more "antique" than Jia Hongjian's father. If he told his father today that Yanzhong Industrial would be acquired in a few days, what would his father's reaction be? "Hahaha, don't be kidding, they are all owned by the Communist Party, and they have party spirit, so how could they acquire each other..." That's all.

Therefore, Jia Hongjian can basically conclude that Mr. Luo, who is in his early 70s, will basically not have a big butterfly effect on the future real estate market of the Republic, which is why he will tell the old man.

**********

Note: The tragedy of the central government before the implementation of the tax sharing system described here is true.However, Liu Zhongli found Zhu Rongji in 93, so here we adjust the time for the storyline.

Attachment: In real history, in 1992, the national fiscal revenue was 3500 billion yuan, of which the central fiscal revenue was 1000 billion yuan and the local total fiscal revenue was 2500 billion yuan.The central fiscal expenditure is 2000 billion yuan, so the deficit is 1000 billion yuan...

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