Wealth

Li Yuanhu has an extraordinary passion for China's development and reform.

"China has been working hard to restore its status as a signatory to the General Agreement on Tariffs and Trade. Everyone knows that only in this way can it truly participate in the cycle of global free trade, and this will be a globalization journey with no retreat." Li Yuanhu said to Fan Wuyao passionately, "Forbes also said that in this world, any accident can happen, and there are very few certain things like China's rise to become an economic power. These things are enough. It shows that the market with the most potential for development today is the mainland market, and the most profitable industries are all in the mainland! In other words, in the words of foreigners, the region with the most potential for development in the next few decades is Greater China."

Regarding foreigners’ judgments on China’s economy, Fan Wuyao also knows a lot. Lawrence Summers, then the chief economist of the World Bank and later the Secretary of the Treasury of the U.S. Government, predicted that based on the purchasing power parity of China’s GNP. , China can surpass the United States in total output by 2014. This bold prediction naturally caused quite a stir in the international arena.

In the Western mainstream media, a new economic term-Greater China has also emerged. "Fortune" senior editor Louis Clara pointed out in an article that money and management experience from Taiwan and Hong Kong are turning the southern part of mainland China into an industrial engine for the entire Asia.

On a street in southern Asia, shops sell Japanese cameras, Reebok shoes, French brandy, Motorola mobile phones and M&M sweets. At night, people flood into karaoke halls, coffee bars with large screens, and the dim dance halls are crowded. Young man in tights. This is not Hong Kong, but Dongguan in Guangdong. In this place 50 miles away from Hong Kong, there are nearly 6,000 factories invested by Hong Kong and Taiwan businessmen, and export toys, plastics and clothing are constantly coming out of here.

Louis Clara then analyzed. As the economic boundaries between Hong Kong, Taiwan and the billowing South China become blurred, this is becoming the fastest growing region in the world. The "Greater China Region" is neither a political entity nor an orderly trade zone, but it is connected as a whole driven by the same culture and common desire for development. It integrates the technology and financial resources of Taiwan, China, the international market experience of Hong Kong, and China's huge land, labor resources, and ambitions.

"Greater China is a very potential economic force. Asia is the only one that has the potential to compete with Japan's power. But we must first enter the General Agreement on Tariffs and Trade. Only in this way can we truly integrate into the entire globalization process. "Li Yuanhu said to Fan Wuyao with bright eyes.

Fan Wubing sneered after hearing this, although Li Yuanhu was good at wandering in various relationships. Get through the joints, but the grasp and understanding of this kind of major policy is dwarfed. If the General Agreement on Tariffs and Trade is so good, there is no need for the government to negotiate with the Americans year after year as a political bargaining chip. The problem with the GATT is that there is a game between China and the United States. Either the east wind prevails over the west wind, or the west wind prevails over the east. There is no possibility of peaceful coexistence.

The price China will pay to join the WTO is too great. In terms of the current economic situation, the consequence of direct accession is that many industries will be devastated.

"Mr. Fan, have you noticed the stock market?" Li Yuanhu asked suddenly.

stock market? Fan Wubing smiled. Recently, the domestic stock market has really been a two-tiered rivalry.

During his southern tour, Deng Gong said specifically for the securities industry that he believed that securities and the stock market must be resolutely opened up to test the waters. If mistakes are made, they can be corrected, but they must not do nothing for fear of problems.

Perhaps stimulated by this passage, this year's stock market has been in a state of excitement since the spring. In May, the Shanghai Stock Exchange fully liberalized stock prices. Previously, the price limit system had been implemented, and within a week, the Shanghai Composite Index doubled. The share price of Yuyuan Mall exceeded 10,000 yuan, unprecedented.

At that time, there was only one trading point like the Stock Exchange in Shanghai, and investors crowded this place every day. So the head of the Shanghai Stock Exchange had a whim to contract a cultural square the size of a football field in Shanghai as a temporary trading place. .

In Shenzhen, the stock market is more popular than it is. The stocks that no one cares about in the past few years have now become treasures for tens of thousands of people to scramble for, and the issuance of new shares has to be done by drawing lots. The Shenzhen Stock Exchange issued the "Announcement on the Sale of New Stock Subscription Lottery." Announced the issuance of 500 million domestic public shares. Five million lottery sheets were sold, and the winning rate was 10%. One thousand shares can be subscribed for each lottery form. Subscribers can handle related matters with their ID cards. One card can buy a lottery form for 100 yuan, and each subscriber can hold up to ten ID cards to buy a lottery form.

As soon as the announcement came out, the Shenzhen Post Office was immediately overwhelmed by snow flakes of ID cards. One of the largest express mail packages contained 2,500 ID cards. At that time, Shenzhen had 600,000 permanent residents, and 1.5 million people swarmed in within two days. The train ticket from Guangzhou to Shenzhen was more than 30 yuan, and the black market actually sold for 200 yuan.

At that time, many people could not enter the special zone without a border control permit. The local farmers volunteered to lead the way to drill barbed wire for 40 yuan per person.

On the day of the lottery, the sale was announced in just two hours. Millions of people rushed in and waited for two days and nights, but few people bought the lottery form. Anger quickly spread throughout Shenzhen. Uncontrollable people rushed to the city government. All major roads in the city center were paralyzed, shops were smashed, police cars were burned, and the government dispatched a large number of riot police and pulled high-pressure water cannons. The first vicious event in the Chinese stock market broke out unexpectedly. In the early morning of the next day, the Shenzhen Municipal Government urgently announced that it would issue 500,000 additional subscription application forms. The mayor made a televised speech that night, and the situation gradually calmed down.

Subsequent investigations showed that collective fraud occurred in the sale of the lottery table, involving more than 4,000 people in the financial system, and many insiders believed that the facts should be far higher than this ratio. Fraud incidents dealt a heavy blow to investor confidence. In the following four days, the stock markets of the two places plummeted, and the Shanghai Composite Index almost fell by half.

The unprecedented enthusiasm of millions of stockholders, the surge in the stock market, and even the fraud incidents that occurred in Shenzhen have allowed decision-makers to see the availability of the stock market as a financial tool in the most intuitive way. At that time, the national people’s bank deposits had exceeded 1300 billion, and the central government’s finances were very tight, and it was almost impossible to provide assistance to the capital needs of state-owned enterprises. The best means for state-owned enterprises that have fallen into a quagmire, and the government has nothing to do, no blood to lose.

"In the past, small companies in Shanghai and Shenzhen used to be listed for financing. Now the situation has changed. Many large state-owned enterprises are going to be listed." If there is no place to spend, the stock market is a very good investment place.

Fan Wubing smiled and shook his head. "You don't know how much money I have. In my opinion, the stock market in the mainland is still a small pool and can't afford to toss. In fact, I am in the U.S. stock market and the Japanese stock market. I returned to the country after a huge gain, and now I mainly want to start a little business and do something that benefits the country and the people and can make money."

After Li Yuanhu heard what Fan Wubing said, he suddenly felt a little lost. It turned out that Fan Wubing didn't look down on the stock market for such a small amount of money! According to his idea, just invest a few hundred million in, a year or a half, doubled ~www.wuxiamtl.com~ Isn't that a very lucrative profit? It seems that people are really incomparable with people.

"Actually, if Mr. Fan is unwilling to get involved in the domestic stock market, there is another way to get the money the fastest." After Li Yuanhu hesitated, he thought of a business that is very suitable for Fan Wuyao.

"Oh, what is it?" Fan Wu's illness wanted to hear Li Yuanhu's advice.

After thinking about it for a while, Li Yuanhu said to Fan Wubing, "I am a person who always pays attention to current affairs and likes to deliberate on some sensitive issues. Therefore, I recently noticed a phenomenon. It can be said that the appearance of a person is very common in China. This caused a storm of acquiring state-owned enterprises. Has Mr. Fan paid attention to this person?"

Oh, Fan Wubing knew what Li Yuanhu meant when he heard it. Wasn't it the work of the Huace company established by Indonesian Chinese businessmen in cooperation with foreign capital.

To say that Fan Wubing still has a certain understanding of this person. This person has no management experience and no practical skills. All he has to do is to acquire a company and package it for listing overseas to obtain a generous income. I just quit, and the income I get is rolled into the next target company, so I can snowball my capital into more.

But for those state-owned enterprises that he acquired, there are no other benefits beyond the changes in the system.

Therefore, as soon as Li Yuanhu's words were spoken, Fan Wubing understood what he meant.

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