Chapter 416 Buying a Painting

The Vice Prime Minister finally chatted with Fan Wubing for a while, which was nothing more than some topics related to economic development. From this, he realized that Fan Wubing's views were indeed from a high position and far superior to others, and he couldn't help but look at him differently.

This is also Fan Wubing's first interview with Vice-Premier Zeng. Both of them are knowledgeable people, and their chats are full of excitement. Fan Heng and Song Qing who are present are a little unable to keep up with them. thinking.

Finally, Vice Premier Zeng said to Fan Heng, "Comrade Fan Heng, your son is indeed well-deserved. He is a rare talent. In the past, I heard several friends talk about how great Mr. Fan of Fan's Investment Group was. I don’t quite believe it, but what I said today makes me feel that not only did they not exaggerate, but they actually underestimated him.”

When Fan Heng heard this, he was naturally very proud, but he still had to be humble, "The kids are very energetic, but they are just a little reckless. Fortunately, they didn't cause any big trouble. As parents, we always... It’s with your heart in your throat.”

"What you said is completely untrue -" Vice Premier Zeng pointed at Fan Heng and smiled.

In fact, Vice Premier Zeng's visit to Shanghai with more than a dozen Central Committee members was just one stop of the entire trip. They also wanted to inspect the operations of state-owned enterprises in multiple provinces.

At present, state-owned enterprises face three major difficulties. First, losses remain high. The losses of state-owned enterprises have increased by 14% in recent years, with an average annual loss of more than 50 billion yuan. Among all loss-making enterprises, state-owned enterprises account for More than 70%. Second, the use of corporate funds is inefficient. Inventory products grow at a rate of 30% every year, exceeding production growth by at least 10 percentage points. Third, the comprehensive economic efficiency index of state-owned industries dropped by 5.4%, and the capital profit rate and cost profit rate were lower than those of non-state-owned enterprises.

In July, the National Restructuring Commission announced that the pilot project of 100 modern enterprises started in 1994 would be postponed for one year, that is, from the original scheduled end of this year to the end of next year. This is the first time since the reform and opening up that a major reform postponement has been publicly announced, and people have experienced the hardships of pilot reforms.

Consecutive losses, low efficiency, difficulty selling products, and tight funds are the current situation of state-owned enterprises.

After the Shenzhen Subscription Warrant Incident in the summer of 1992, decision-makers suddenly realized that the stock market might be the best way to save state-owned enterprises. So Beijing established the China Securities Regulatory Commission and transferred the power of stock exchanges from the Shanghai and Shenzhen exchanges to the central government. Since then, a listing mechanism has been implemented to fully support the quota system for state-owned enterprises, that is, the central government determines the listing quota. Then they are allocated to ministries and commissions according to the system, and to provinces, cities and autonomous regions according to the region. After each province, city, autonomous region and department receives the listing quota, it must allocate it according to its own system. The vast majority of these indicators are allocated to state-owned enterprises in various places. Only a few well-known township and village enterprises were lucky enough to become privately listed companies due to the need for reform effects and symbolic significance, including Lu Guanqiu's Wanxiang Group in Zhejiang and Wu Renbao's Huaxi Village in Jiangsu.

This institutional arrangement made the Chinese stock market a deformed product from the beginning. Lack of fairness. The quality of listed companies is obviously not good. There are a lot of false reports. Due to lack of necessary supervision. There are a lot of land rights and money transactions.

about this issue. Fan Wubing said to Vice Premier Zeng. "Many observers and scholars have raised objections to this system that takes ownership as the prerequisite for listing. It seems that state-owned enterprises will always need support from others. In the past, it was the government's finance. Then it was the banks. Now it is the stock market. Support. The solution is to keep sending money to state-owned enterprises. Now the stock market is regarded as a way to solve the difficulties of state-owned enterprises, rather than as a way to make limited resources flow to the most efficient enterprises and the most capable entrepreneurs. This idea of ​​developing the stock market for poverty alleviation is unhealthy. The government’s guiding ideology should be to protect the interests of investment rather than the special interests of a few people.”

According to the regulations of the Securities Regulatory Commission last year. Listed companies must have a return on net assets of more than 10% for three consecutive years. Only then can you enjoy the allotment rights. then. A large number of companies stick to the lifeline of ten percent every year.

A reporter once disclosed the fraudulent practices of several listed companies. One company first falsely increased profits by more than 10 million yuan. Then I paid income tax at a local tax rate of 33%. In this way, the net asset rate is more than 10%. Another company sells its own products to itself at a markup. to increase yields. Another company lost more than 20 million yuan. Just divest a piece of negative assets to the higher-level group company for custody. Then another asset is injected. The rate of return naturally increased by 10%. This financial game is played out every day. It has become an open secret.

Fan Wubing said to Vice Premier Zeng. “The stock market is not a cash machine. Nor is it a place where a few state-owned enterprises constantly draw blood.

If this continues, not only will China's stock market plummet, but China will also suffer a setback! State-owned enterprises should be treated equally with private enterprises, and those that should be eliminated must be eliminated. If this situation does not change, the enthusiasm for production will never be mobilized. Even if the stock market provides blood transfusion, it will only be delayed for a while. It is still these investors who suffer the consequences. "

Vice Premier Zeng rubbed his forehead and said, "It's easier said than done!"

After all, the transfusion of blood to state-owned enterprises through stock listing can only solve the problems of a few large and medium-sized enterprises. The large number and wide range of small and medium-sized state-owned enterprises, numbering 300,000, are still a mess.

The central leadership has also thought of many ways to completely solve these problems, but it is difficult to solve this problem because it affects the whole body. The main problem is that the current national funds are tight and it is impossible to do some things that want to be done.

In fact, Fan Wubing wanted to say that many problems can be solved by private enterprises merging state-owned enterprises, but if he said so at this time, it would seem that he was a bit suspected of plotting state-owned assets.

After talking for a while, Fan Heng and others had to attend the activities in the next two days, so Fan Wubing left alone. When he returned to the venue to pick up Li Yunheng, he found that she was bidding for a Chinese painting with a Hong Kong businessman, but it was a late work of the landscape painting master Mr. Wu Qingzong. On a large painting, the landscape only occupies less than one-fifth, and the rest is his calligraphy, which looks very imposing.

Mr. Wu Qingzong's calligraphy and painting are both excellent, especially his calligraphy in his later years is more elegant and unique, with the strength of the painting penetrating through the paper, and the freehand brushstrokes seem to fly into the sky. The starting price of this painting is two million, and after Li Yunheng and several bidders raised the price, it has been auctioned to five million.

When Fan Wubing came over, Li Yunheng was holding up a sign, and she seemed very happy, and she raised the bid to 5.5 million yuan.

"Why did you bid with others?" Fan Wubing sat down in surprise and asked Li Yunheng.

"The words on the painting are very good, I want to buy it and copy it." Li Yunheng said to Fan Wubing.

In addition to studying Chinese culture, Li Yunheng has also been practicing calligraphy recently. After seeing Mr. Wu Qingzong's calligraphy and painting, she felt that the size of the characters was just right for her to copy, so she wanted to buy this painting.

Fan Wubing took a look at the painting, judged it in his heart, and felt that it was a bit overestimated, so he said, "If you like it, you can copy it and take it back to copy. Why spend that money?"

Li Yunheng looked at Fan Wubing with some surprise, and then said, "This is a charity auction. All the donations will be donated to charity organizations. Why not participate?"

"Oh, you are more conscious than me!" Fan Wubing smiled and thought that such charity organizations don’t know where to spend the money. It’s really a bit wishful thinking to expect them to help the poor.

As for the use of funds, Fan Wubing always thinks that it is best to keep it in his own hands. If it were someone else, it would be hard to say that they would not be tempted by so much money. Once one or two powerful people have evil thoughts, the whereabouts of the money would be unknown.

After all, under the current system framework, it is still very easy to get a sum of money away, and if it is traced afterwards, it may not be possible to get to the bottom of it. Even if the guilt is determined, it is only a few years or more in prison. Wait for a few years for the situation to calm down, get medical parole or something, and with the money to support, life will definitely be very comfortable.

But Li Yunheng is obviously a little bit happy. When she was in South Korea, she didn't have many opportunities to participate in auctions. This time, she took the number plate left for Fan Wubing to bid frequently, which can be regarded as fulfilling her wish for many years.

When Li Yunheng raised 8 million yuan, the bidders in the field finally stopped following up. It is estimated that everyone was quite depressed. So many bosses were actually repelled by a little girl who was less than 18 years old. It was still a great loss of face if it was spread out.

But seeing this little girl sitting in the position of Fan Investment Group, many people were guessing her identity, but they didn't expect that this girl was actually the little princess of Samsung Group, Li Yunheng. Many people thought that she was Fan Wubing's girlfriend, the descendant of the legendary Shen Wansan, and the behind-the-scenes boss of CCTV's two-time bid winner Kongfu Banquet Wine, Shen Ying.

Therefore, many people want to try, how big is the courage of this little girl? How much money can this painting be auctioned for?

Otherwise, as early as the last few rounds, everyone would not have had any more fantasies.

After all, there are still many people who like this painting.

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