Rebirth: The Financial Giant

Chapter 649: 【Qiming Fubon】

weekend morning.

An Yirou has returned to Ningzhou from Qixian, and is currently talking with Lu Ming about some work issues in Qixian in the living room at home.

"This time I went to Xiaqi County to investigate, and I found that there are many departments and agencies that should not be there. Too many personnel appointments and removals have pushed up the overall management cost a lot, and maintaining normal operations will consume huge expenditures. Should we consider cutting down? What about some personnel? In theory, maybe a 30% reduction is more than enough.”

Hearing her proposal to cut staff, Lu Ming denied it without hesitation: "Don't, don't cut it arbitrarily, it will only reduce more and more."

An Yirou looked at him incomprehensibly.

Lu Ming glanced at her, saw her puzzled look, sighed, and then explained the key points to her in an orderly manner: "County towns are often a society of acquaintances, and the relationship between doing business and doing things is deeply rooted in the hearts of the people. Get rid of those who have no background, who don't care, who don't flatter people, who only do stupid work."

After a moment's pause, Lu Ming said solemnly, "The only ones left are those who have backgrounds, who are related, who can fart rainbows, who can do anything but can't work."

Xiao An'an's face was stunned: "Ah? This..."

Lu Ming said lightly: "When those stupid people who can only work hard are cut, you will find that there are people who don't work, and they still don't work, so you find that no one is working anymore. There is not enough manpower, so we can only recruit new people in large batches. The final result is that the more the number of people is reduced, the more people are. Especially after we cut off the original skilled people who are familiar with the business, we have to recruit a few newbies to withstand it. It's a classic thin bloat."

An Yirou couldn't help but ask back: "Are those who don't work just watch him not work, and even stop you from being indifferent?"

Lu Ming said with a smile: "It doesn't really matter if you do something in reality, but if you don't do it, you must at least pretend to be working hard, and those who don't do it blatantly must be removed. People who know how to work stupidly will be promoted, and after they are promoted, those who work stupidly will gradually stop working, so the management cost will definitely increase.”

An Yirou spread her hands and said, "Then what should we do?"

Lu Ming said concisely: "Two points, the first point is to expand the denominator, all contradictions are not contradictions in the increment; the second point is to control the speed of management cost expansion, you can't expect it to shrink."

When the denominator expands, the ratio naturally shrinks. To control the speed of expansion is to exchange time for space. As long as the expansion is not disorderly, it is reasonable, and cutting is definitely not possible. It will only cut more and more people.

Lu Ming paused, and then added in a deep voice: "We have finished speaking about the direction of employment, let those who are willing to be willing to do things have a chance, those who dare to be able to do things have a stage, and those who can take on good deeds have a chance. Applause, don’t let honest people suffer, don’t let those who take responsibility be lost, and don’t let devotees feel chills, and there is no doubt that we must adhere to this kind of employment orientation.”

Regarding the layoff of personnel, after Lu Ming set the tone, An Yirou skipped the matter and talked about another important matter in Qixian County, that is, the first company in the county to go public in Big A, which has already been re-listed. It's been over a year and a half.

"The mixed-ownership reform of Qiming Fubon has been completed, you can take a look at these materials." An Yirou went to bring a copy of the materials to Lu Ming, who took it over and opened it for a general reading.

Another major task of the Science and People's Livelihood Fund during this period was to integrate Qixian's core assets for mixed-ownership reform. It is a basic operation, and it is natural to use financial capital to serve the local area.

This mixed-ownership reform and reorganization is to merge the four local enterprises in Qixian County, one engaged in interior materials, one engaged in home furnishing, one local cement factory, and one goose industry company. The top-level design after the merger and reorganization adopts a double-stock structure. The four major enterprises are wholly-owned subsidiaries of the newly established Qiming Fubon.

In addition, Qiming Fubon also includes the mountains, waters, fields, forests, lakes and grasslands on the land of about 300 administrative villages or natural villages in 5 towns and 13 townships in the county. Carry out valuation, and then the major villages take their new collective economy as the main unit, and take out 49% of the value of the mountains, water, fields, forests, lakes, and grasslands to which they belong to become their shareholder members.

The ownership of the village collective in the local mountains, water, fields, forests, lakes and grasslands shall not be less than 51%.

When other rating agencies come to do this, the local people really can’t believe it, and they are worried that the actual value of ecological resources will be deliberately underestimated. However, Tiansheng Capital is different. The people of Qixian County now know Tiansheng Capital and Science and People’s Livelihood Foundation. The leader of the company is Lu Ming. Lu Ming is also a native of Qixian County. The local people are naturally trustworthy, so he has full authority to give Tiansheng Capital to evaluate the price.

In this way, the people of about 300 villages in 5 towns and 13 townships in Qixian County have a sense of ownership for Qiming Fubang, and they are one of the owners of the enterprise.

Qiming Fubon is controlled by the local state-owned assets office of Qixian County, accounting for 34.9% of the shares and is the largest shareholder, but Qixian’s finances can’t stand it. Fortunately, the Science and People’s Livelihood Foundation has money and directly purchased the local bonds issued by Qixian County. After the capital is raised, the four major enterprises will be nationalized.

As for the bosses of the four major companies, after the mixed-ownership reform and reorganization, they will get the money and hand over control, and then they will be hired back to continue operating their respective companies.

Anyway, you can’t get both high salary and options. The last four bosses all chose to take options, and the annual salary is a symbolic 1 yuan. Anyway, after transferring the company shares to the local state-owned assets office, they have already received a huge amount of cash.

In this way, after the mixed-ownership reform and reorganization of the four major local enterprises, they became local state-owned enterprises, and Qiming Fubon has also become a large-scale group and the largest local enterprise group. More importantly, Qiming after the mixed-ownership reform and reorganization Fubon has become collectively owned by 390,000 rural people in Qixian County, because villagers from 5 towns and 13 townships in the county have all invested in it.

"In this investigation in Xiaqi County, people in the city still strongly oppose Qiming Fubang's mixed-ownership reform, and they are clamoring for their rural household registration." Overall, rural people take the new collective economy as the main unit to participate in shares, so it has little to do with urban households, but it is precisely because of this eagerness.

Hearing this, Lu Ming closed the materials and said lightly: "There is not enough greed, they have all received the development dividends of urbanization for so many years, and they have not seen any opposition from the farmers. How can they still want to compete with them for profit? Decades of urbanization have given enough and it's time to compensate them."

Qixian currently has 460,000 people, of which the county seat has a population of only 70,000 people, and the rest are rural populations.

Among these 70,000 people, seeing that Qixian is undergoing earth-shaking changes, they realize that the urban household registration that used to be a sweet treat has become worthless, but the rural household registration has become hugely valuable. The reason is to want to regain the rural household registration.

A new saying has become popular in the local area. People in the city have become migrant workers. You work in a factory, and your colleagues from the countryside next to you will not only get the salary, but also the owner and shareholders of the company, and can share the residual value of the company. And you are the downright salaried worker, only getting paid.

Many urbanites cannot accept such a change, especially the popular group who have just transferred from rural hukou to urban hukou, and they are also the most violent group.

It is useless to make trouble. The current trend is that it is easy to transfer from rural household registration to urban household registration, but it is almost impossible to transfer back.

However, it is worth mentioning that the most important reason why Qiming Fubon merged the four major local enterprises in the process of mixed-ownership reform is to be able to list on the big A. The original intention was to integrate 5 towns and 13 towns in the county. The ecological resources of the township are quantified as shares, but this will not be able to list on the big A in the short term.

The four local companies actually have the threshold for listing. Three years ago, the bosses of two companies wanted to seek listing, but there are many companies waiting to be listed in the big A nationwide. It hasn't been my turn for several years~www.wuxiamtl.com~ But these companies in Qixian have no connections in the capital market, it doesn't matter, and they are not particularly prominent in themselves. It is useless for a few bosses to break their legs. If you are not familiar with it, you don’t dare to mess around with it. In short, the path is too narrow. If you want to apply for an IPO in Big A, you have to wait in line for three years. After three years, you may not be able to pass the approval of the China Securities Regulatory Commission.

However, with the advent of the Science and People's Livelihood Fund, and the arrival of the behemoth Tiansheng Capital, it will be different.

Tiansheng Capital itself is not a securities company, but it just said that it will integrate Qixian and get a company listed. When several securities companies such as Cailian Securities heard the news, they immediately ran over and said they would provide Qiming Fubon with listing guidance and joint underwriting.

There are more or less sophistication in it. After all, everyone who has had contact with Lu Ming now, no one does not know that Qixian is his hometown. The vast majority of netizens who eat melon know that this is also Qixian. Invisible unique advantage.

If it weren't for the time-consuming reform of mixed-ownership reform, it would take about a year to evaluate the 300 or so villages in 5 towns and 13 townships. If only the four major enterprises were reorganized, maybe last year It was listed on the big A in October.

...

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