Chapter 1098: State-Owned Enterprise Reform
"It's a long story if you talk about it," Fan Heng said after hearing the truth about thousands of things. "Fan Wubing has no scruples about his father, and besides, Boss Zhu here won't blame him for anything. So he asked.
Song Qing smiled and said, "Let me speak. I have sorted out all the relevant information."
"That's good too. Your Mandarin is better than my dad's and is more pleasant to the ears." Fan Wubing immediately agreed.
"You kid!" Fan Heng smiled and shook his head when he heard this, showing a helpless gesture to Boss Zhu.
"Hahaha" Boss Zhu laughed suddenly, "With a healthy temperament, it is really not suitable to enter officialdom."
So Song Qing told Fan Wubing about Chunlan's restructuring.
In October of Two Thousand East, with the publicity for property rights reform rising and the large-scale transformation of the southern Jiangsu model beginning, Chunlan's board of directors issued an announcement announcing that Chunlan Group would be transformed from nearly RMB 5 billion without involving state-owned assets. Twenty-five percent of the collective assets of the company will be cut off, and cash will be used to carry out quantitative allotment of shares to the management and more than 10,000 employees at a one-to-one ratio.
Chunlan CEO Tao Jianxing believed that Chunlan's restructuring was in line with the central government's policies, so he implemented it in a high-profile manner, which immediately attracted widespread and enthusiastic public attention.
He seems to have considered various possible hidden dangers. For example, the restructuring plan clearly stipulates that the company shall not help anyone purchase company shares in any form, including guarantees, funding, loans, etc.
In order to solve the technical problem, the Industrial and Commercial Bank of China, Jiangsu Branch of Jiangsu Branch of Construction and Construction Liangxing Bank and Chunlan reached an agreement. The two banks provided 90% loans to all Chunlan employees in the form of stock pledges.
In order to avoid suspicion, Tao Jianxing also refused to accept other people's suggestions for management to control large shares, and instead implemented the Generalized System of Preferences, which also meant that he voluntarily gave up shares worth hundreds of millions of yuan.
At that time, Tao Jianxing told reporters that the relevant authorities considered giving him 10% of Chunlan Group's shares, but he refused.
Working hard in Chunlan is really not about making more money. Give him 700 million, what will he do with it? In his heart, Chunlan seems to be his own child, and money has zero driving force for him.
Then his confidence and high profile unexpectedly made him the focus of public discussion.
When Chunlan's restructuring plan was introduced. Someone made some calculations and said that Chunlan's restructuring would create thousands of millionaires, hundreds of multi-millionaires and several billionaires overnight. Tao Jianxing's own wealth naturally became the biggest focus.
Before restructuring,
His moon arrows are three thousand and five. According to the restructuring plan, he will probably get about 50 million.
As a result, various questions came one after another. The first question was, what is Chunlan's last name?
Someone asked, Chunlan’s state-owned shares account for 75%. According to Chunlan’s plan, when employees purchase shares, they will also be allocated dividend rights at a one-to-one ratio. Then this part of the dividend rights will be from Where did it come from? Does it mean that state-owned shareholders give up their right to dividends and give up a piece of it? Is there a problem of loss of state-owned assets?
The second question is, why is Tao Jian so lucky?
An operator of a large state-owned enterprise, a reform figure who enjoys a prominent political status, became a billionaire overnight. There is a huge cognitive gap with traditional value judgments.
The last bigger question is, what will the Chunlan Effect bring?
Some people have commented that the gap between China's rich and poor is currently widening, and one of the most important manifestations is that some operators have achieved rapid wealth expansion during the property rights restructuring process of state-owned enterprises.
If the transformation is successful, Tao Jianxing may become a pioneer in the reform of China's state-owned enterprises and a model of wealth. The actions of Chunlan Group showed the world that one can still become a millionaire by doing state-owned enterprises.
After Chunlan's restructuring is completed, China may see a wave of large-scale property rights reform of state-owned enterprises. Zhang Ruimin of Qingdao Haier, Zhou Houjian of Qingdao Hisense, and Ni Runfeng of Sichuan Changhong may all become the first batch of capitalists in the history of China's new century.
"These are questions that are difficult to answer directly. In a sense, they almost touch the institutional and moral bottom line that has been obscurely avoided in corporate reform." Song Qing said to Fan Wubing, "Tao Jianxing's high profile made Chunlan The restructuring unexpectedly fell into a very sensitive debate. Some people regard Chunlan's restructuring as the largest breakthrough change among large domestic state-owned enterprises. The whole of China is watching this matter with bated breath. "
Other opinions pointed out that Tao Jianxing carved up Chunlan in dozens of days.
The BC media interviewed the deputy governor of Jiangsu Province in charge of industry. He answered skillfully and expressed his personal support for this.
Officials from relevant central departments said that the country has not formulated corresponding policies to do so.
Many economic observers commented. Although there seems to be nothing wrong with Chunlan's restructuring from an economic theory, the number of people and money it has affected has never been seen before. Such quantification is really shocking.
Fan Wubing nodded, understanding the twists and turns in this.
In fact, if Chunlan's scale was not so large and Tao Jianxing's reputation was not so high, the result of the restructuring would only be a collection of millionaires, or at most a few multi-millionaires. Then the problem is not to regret acting for the father-in-law
The most shocking thing this time is that there will be several billionaires in Chunlan's restructuring. This is the most unacceptable to the Chinese people. After all, there are many millionaires in the country now, but billionaires are not considered Many people, especially when managers of state-owned enterprises become billionaires overnight, will not be balanced in their hearts.
Especially this time, the changes are caused by the restructuring of state-owned enterprises, which is unacceptable to many people.
Just as Fan Wubing expected. The shocking result was that Chunlan's restructuring came to nothing and ended without any problems.
"In fact, when the news of Chunlan's restructuring was made public, its employee stock ownership plan had been basically completed. However, under the huge pressure of public opinion, the restructuring came to an abrupt halt, and Chunlan's plan was submitted to the central government for discussion. It must be It doesn't take much reason to veto." Song Qing glanced at Boss Zhu carefully. Seeing that he had no objections, he said to Fan Wubing, "At the beginning of last year, Tao Jianxing was told that there were still legal obstacles to this plan, and that more scientific, rigorous, and reasonable demonstrations and calculations were needed, and economic A collective consultation between experts and legal experts was held. By this year, the plan had come to an end.”
Fan Wubing nodded, somewhat relieved.
It is indeed hard to say what is going on in China at this stage. In short, it is because of the sequelae caused by the unclear property rights in the early stage of the grass-roots reform. Tao Jianxing, who thought that the good situation was certain, was overconfident, and the chess piece fell apart, leaving him to sigh.
Chunlan's restructuring was halted. It is a landmark event in the movement to clarify property rights, and those large enterprises are in a very similar situation to it. The restructuring plans of large state-owned enterprises such as Haier, Changhong and Hisense were eventually shelved one by one and never had the chance to be mentioned again.
In fact, Fan Wubing is also very clear that for a long period of time in the future, the discussion of corporate property rights reform will become the most divergent economic topic among Chinese public society and political, business and academic circles. There are two important points of controversy. One is how to treat the serious loss of state-owned and collective assets, and the other is how to treat the redemption of operators of state-owned or collective enterprises.
This debate about churn has vaguely begun in 1998, and will become a very heated debate within two or three years.
Fan Wubing had a very deep understanding of this, because he had read many books on this subject at that time, and the ones he remembered deeply were particularly profound. It is the view represented by Hong Kong professor Lang Xianping that the retreat of the state and the advancement of the people are actually a feast of sharing state-owned assets. During this period, the phenomenon of those in charge of sharing the rice of the big pot privately appeared, and the reform strategy showed serious mistakes and distortions.
Professor Zhang Weiying of Peking University and Professor Zhang Wuchang, also from Hong Kong, disagree. They believe that despite all the gray behaviors in the restructuring. But there is no doubt about the overall direction and positive effects of the reform.
Zhang Wuchang's point of view is more direct. He argued that it is impossible to completely eliminate this kind of thing, but it must always be improved slowly. If you want to kill all those people, you can't kill so many people. In the reform process, some things are inevitable and need to be improved, but you should not say that this country is not good just because there are such things. How can this be avoided? I bought this state-owned enterprise, and the method I used to buy it may not be very correct, but I turned a loss-making state-owned enterprise into a profitable one, which is not a bad thing for China's economy as a whole.
These are relatively polite terms, and a more radical view than Professor Zhang’s is the so-called popsicle theory.
Some experts believe that state-owned assets are like popsicles in the sun. If they are not eaten, they will completely melt and be wasted. It is obviously difficult to discuss such an argument in the light of day, because in essence it is just trying to find a justifiable basis for those who privately divide state-owned property.
"Actually, from my point of view, Chunlan's restructuring plan is quite reasonable." Fan Wubing expressed his attitude cautiously, "What happens to Chinese people is that we can share hardships together, but not wealth. Since people are treating Chunlan It has been saved from a situation that was heavily in debt and about to go bankrupt, and has developed into one of the top household appliances leaders in the country, and has become a profitable enterprise with an annual output value of several hundred million. This contribution is quite large, and there is every reason to carry out restructuring according to this plan. For the entire country, the most important thing is how much benefit an enterprise can achieve, how much tax revenue it can contribute, and how many jobs it can create. State-owned enterprises have clear property rights, but they don’t see any benefits.”
After Boss Zhu heard this. He replied, "At least many people can't see this now, or they don't allow others to eat meat and drink soup by themselves. If you can't even drink soup, then others are not allowed to eat meat. . As for whether the meat comes from the pigs raised at home, that is not part of their consideration. "
Fan Wubing shrugged his shoulders and continued to eat. This kind of topic is actually the most troublesome. It is useless to talk more when there is no consensus in the country. Log in to 6 Hanba for more chapters, support the author, and support genuine reading and merging!