supreme golden pupil

Supreme Golden Eyes - Chapter 4 Japanese-style consortium

Compared with South Korea, Japan's financial market is undoubtedly much stronger. Regardless of the total market value of the stock market, the number and strength of listed companies, and the strength of large domestic conglomerates, South Korea is far from being comparable to Japan.You must know that four of the six largest consortiums in Japan have reached the threshold of large consortiums (total assets exceeding US$[-] trillion), and the other two are also outstanding among medium-sized consortia. It is unmatched by a small financial group that can only be regarded as a junior in the international market!

Speaking of the Japanese consortium, their history is also quite sad, but it is also the ups and downs of history that created their special organizational structure.Compared with the aggressive American consortium, the Japanese consortium is much lower-key in the international market, but if you want to use one word to describe them, "epee without front" is obviously the most appropriate.

In a sense, the Japanese conglomerate is a new type of family business. It no longer relies on the blood relationship of natural persons to define family members, but forms a new type of community of destiny based on the capital relationship between corporate legal persons.

Before World War II, the Japanese chaebols were legal persons with organized groups and headquarters.After World War II, the titular chaebols were wiped out. After Japan’s Anti-Monopoly Law was promulgated, more than 50% of shareholder holdings were not allowed. The form of family holding and family management was completely gone. The proportion cannot exceed 5%, and it becomes a complete joint-stock structure.All the member companies assembled under the consortium only have shareholding behavior among each other. It can be said that they are brother companies, "relatives" relationship, but "father" is no longer the manager or leader.Without the affiliation relationship of "father and son", there will be no administrative agencies such as "group companies" and "headquarters", and there will be no organizational form of "consortia".

However, this is only a superficial phenomenon. It would be ridiculous to think that the little devil is so simple and restricted. In fact, in the decades after World War II, the Japanese chaebols have never stopped pursuing the pursuit of regaining their former glory!And for the purpose of supporting Japan to deal with the Soviet Union and China, the Americans turned a blind eye to this point, as long as they did not go too far, they would not interfere. Therefore, under the paranoid national character of the Japanese With help, a new consortium model was established.

Generally speaking, there are roughly two types of consortium models in the world, one is American-style (this model is also common to most consortiums in the world), and the other is Japanese-style.

The core of the American conglomerate’s pyramid structure is family holdings. Most of the company’s shares are in the hands of one or a limited number of family members, and the company is completely controlled by the family.

Of course, the current situation has changed slightly, and some consortiums have gradually allowed outsiders to enter the management.However, its typical American financial structure has never changed, whether it is family control or allowing outsiders to enter the management.The most obvious feature of this structure is that money begets money. As long as they control the most core departments, all other industries can be sold.When encountering risks or irresistible things, the company will be sold, and then reassembled, backdoor listing, and money to make money.In this model, the accumulation of capital is extremely fast, and of course the risk is also extremely high.

Of course, another feature of the American consortium is that it controls at least one absolutely dominant industry.For example, Morgan's finance, Rockefeller's oil, the DuPont consortium's arms, etc. These are the real core industries of their consortium.It cannot be replaced by any other industry of the consortium.

But this model has a fatal premise, that is, the hegemonic status of its country.

The reason why U.S. financial companies dare to play this model lies in the dominance of the U.S. in the world.And take advantage of the US dollar's global reserve currency status to issue paper money, so this game of money making money can continue.In particular, the floating exchange rate introduced by the United States is to make the world pay for American companies.

American financial acquisitions are extremely domineering forced acquisitions using funds or market operations.This kind of acquisition is quicker, more convenient, and highly manipulable, especially by taking advantage of the fluctuations in the stock market to remain invincible.

The reason why major investment banks in the United States are willing to do this is rooted in the "comparative advantage theory" that has been popular in the United States since the 70s.The so-called "comparative advantage theory" is to sell low-profit industries, leaving only high-profit industries.The most profitable is undoubtedly finance, because it can use money to make money.Therefore, the major investment banks in the United States are always happy to buy a company. After listing and financing, the capital can be multiplied by dozens of times.

But there is a prerequisite for this, that is, the strength of the United States and the status of the US dollar as a global currency reserve.Another point is that the education system in the United States is very developed, and the inventions applied for each year far exceed those of other countries in the world, and these inventions can be converted into a concept by major investment banks or capitalists in the United States, and this concept can be sold for money and listed on the market. Money begets money.

The acquisitions of American investment banks are often direct and forcible acquisitions of companies, as long as they achieve a controlling stake, they don’t care about management, cultural conflicts, market and other factors.Under this acquisition model, these things cannot be digested at all after purchase, and the subsequent cost will be much higher than the purchase price.Some of the acquisitions that Huaxia Corporation tried to carry out after going abroad often failed or failed, mostly because they blindly copied American-style acquisitions without the support of the strong position of the Americans.

This is where Americans are clever and cunning, a tool that can automatically make money without production, relying on their own world power.In fact, Americans play a lot of such tricks. Almost all financial derivatives are invented by them. The core essence of these people is to exploit the world by financial means and get billions of people to work for them.

The structure of the Japanese consortium is different. After World War II, they have lost the qualification to use this method, so they have come up with another form-the cross-shareholding model.The cross-shareholding model is a parallel structure. It can be said that all the companies in the consortium will lose and all will prosper. Once a company under its umbrella encounters risks, other companies may be implicated.

The advantage of doing this is that the ability to resist risks is very strong. Unless the strength of the other party is stronger than the entire industrial chain, it cannot shake its foundation.The general characteristics of Japanese conglomerates are that they spread across all walks of life, involve a wide range of industries, and are inextricably linked. There are often dozens of core companies, and it is very difficult to defeat them all. .

Here we will talk about the methods used by the Japanese devils to deal with the "Anti-Monopoly Law". There cannot be an absolute holding of more than 50%, and even each shareholder's shareholding ratio cannot exceed 5%, right?It doesn't matter, just find a group of agents to be shareholders, and then control these agents! (Ling Shaonan has found so many agents all over the world, and to some extent he was also inspired by these devils.)

What's more, sometimes these chaebols don't even bother to find an agent, and directly let the family members hold the shares separately. Later, they even simply ignored the "Anti-Monopoly Law" and controlled most of the shares in the hands of the family head.Anyway, the entire Japanese business and political circles are in their hands. As long as the American masters don't speak up, will anyone still pursue them?

Another point to mention is that Japanese consortia’s acquisitions are also very different from American consortiums, with very strong oriental thinking characteristics-they often let general trading companies go out first, to deal with people and local governments, Complete intelligence work and learn about local resources and industries.

Then step by step, establish offices, start with trading, and then financial capital use the intelligence power of trading companies to obtain investment information, and then introduce industrial capital, lead a group of companies to kill them, buy shares in local companies, set up joint ventures or sole proprietorships, etc.In this way, a company can be completely controlled, and the local government and people can be recognized, and the market can be completely occupied.

More importantly, in this process, not only the collection of resources and information between various enterprises are constantly being carried out, but also the financial support of the host bank is behind it, and every step of the action is extremely prudent, without showing any signs of success. , but doing everything in secret.

This method is like drizzle falling into the night, quietly pulling the local government and enterprises into their own chariot, it is extremely sharp!

As for the effect of the Japanese consortium's economic invasion method, one only needs to look at the status of Japanese wholly-owned or joint ventures that have sprung up in recent years.Although due to the historical hatred between the two countries and some current events, the people will explode from time to time to "boycott Japanese goods" actions, and "If Chinese people don't buy Japanese goods for a month, thousands of Japanese companies will face bankruptcy! Six months If you don’t buy Japanese goods, half of the people in Japan will lose their jobs!! If you don’t buy Japanese goods for a year, Japan’s economic structure will completely collapse!”, but when did you see that Japanese goods were really boycotted and couldn’t be sold?

Regardless of whether this argument of curbing the Japanese economy is justified or not, one thing can be confirmed, that is, it will never be truly implemented!Because, the Japanese consortium has spent decades weaving a huge network of interests in China. Government officials, media, and enterprises all have their spokespersons for their interests. How can they challenge such a huge community of interests? easy thing?

-