Chapter 351: The Car Maker and His Own Opportunity
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The financial news that Li Xiaofan saw on the Yahoo Finance section in the United States was about the Guangshen Railway Co., Ltd. in China.
After reading the news, Li Xiaofan suddenly felt sensitively that this was an important signal: the channel for domestic companies to go public in the United States has been opened, the door to domestic reform and opening up is getting wider and wider, and the capital market exchanges between China and the United States will become more active!
The news report said that in April 1996, with the approval of the State Council Securities Committee, Guangshen Railway Co., Ltd. was listed on the Hong Kong H-share market.
On May 13, the American Depositary Receipts (ADRs) of Guangshen Railway Co., Ltd. with the trading code GSH will be listed on the New York Stock Exchange in the United States, becoming the first publicly listed railway transportation company in China and the first company to be listed in Hong Kong and the United States at the same time.
The predecessor of Guangshen Railway Co., Ltd. was "Guangshen Railway Company", which was established in 1984 and was restructured into a joint-stock company in March this year. Its main business is to operate the Guangzhou-Kowloon Through Train, as well as the railway passenger and freight transportation business of the Guangzhou-Shenzhen Railway and the southern section of the Beijing-Guangzhou Railway, with a total operating line length of 481 kilometers.
When Li Xiaofan saw the report of "the first company", his intuition seemed to be a little wrong: in his impression, Brilliance Auto should be the first domestic company to be listed in the United States and Hong Kong at the same time in the previous life!
He quickly opened the stock market software and checked the current stock situation of Brilliance Auto.
In the stock display system of the New York Stock Exchange in the United States, Li Xiaofan found the Brilliance China Automotive Holdings Co., Ltd. code-named CBA.
Related information and reports show that in June, Brilliance China Automotive Holdings Co., Ltd. was listed on the New York Stock Exchange in the United States, and Brilliance China Automotive Holdings Co., Ltd. became the first Chinese company to be listed overseas in the United States.
In the stock list of Hong Kong stocks, Brilliance China Automotive Holdings Co., Ltd. was not found.
At this time, Li Xiaofan recalled that Brilliance Auto was not listed in the United States and Hong Kong at the end of 1999.
So the first company listed in Hong Kong and the United States at the same time in the news is Guangshen Railway, which is right!
Seeing the stock of Brilliance Auto CBA, Li Xiaofan now recalled that Yang Rong, the founder of Brilliance Auto, is the real master of playing with capital and industry.
He first successfully transformed Shenyang Jinbei Automobile, which was on the verge of bankruptcy. Later, after his careful operation, Brilliance Automobile, as the "first stock of a socialist country", was successfully listed in the United States, raising 80 million US dollars, which caused a huge sensation on Wall Street.
At that time, it was reported that Yang Rong became the first Chinese to fleece the capitalist wool in the international market!
Later in 2001, even the famous BMW car came here to invest in a joint venture vehicle project with Brilliance Automobile in China...
At that time, Brilliance Automobile had a short and vigorous "love affair" with Li Xiaofan's hometown Mingzhou City.
In his previous life, in 2002, Brilliance Automobile founder Yang Rong had an occasional opportunity to visit a local Taiwanese auto parts company in Mingzhou Development Zone. After having dinner with the leaders of the Mingzhou Development Zone Management Committee at that time, he was impressed by the excellent local investment environment.
He once wanted to place his newly acquired British Rover vehicle project and the automobile engine project jointly invested with BMW in the Mingzhou Economic and Technological Development Zone, and invest in and control the world's longest cross-sea bridge under construction - the Hangzhou Bay Bridge...
At that time, Li Xiaofan's old classmate Zhang Weiye had been promoted from the Mingzhou Free Trade Zone Management Committee to the national-level Mingzhou Economic and Technological Development Zone Investment Cooperation Bureau as deputy director, and personally participated in the entire process of contact, investment promotion and negotiation for this project.
Unfortunately, the project was "aborted" due to various special reasons, and a generation of capital tycoon Yang Rong also fled to the United States...
The twists and turns in this story, Zhang Weiye, who was the party involved at the time, once told Li Xiaofan.
However, Li Xiaofan thought of another car maker in China at this time: Li Shufu of Geely Automobile.
Speaking of Geely Automobile settling in Mingzhou, there is another interesting story, which was also told to Li Xiaofan by Li Xiaofan's old classmate Zhang Weiye.
In his previous life, Zhang Weiye was promoted to the Mingzhou Economic and Technological Development Zone Investment Cooperation Bureau as the head of investment promotion in early 1999.
That year, the leaders of the Mingzhou Development Zone Management Committee began to seize tax revenue. After investigation, the Development Zone Industrial and Commercial Bureau found that a trading company called "Daoxiangcun Industry and Trade Company" in the development zone had a high tax revenue. At first, everyone thought it was a food company from Beijing.
Later, after checking the shareholders, it was found that the shareholder of this "Daoxiangcun Industry and Trade Company" was Geely Holding from Taizhou next door. At that time, Geely Holding was still unknown in China.
So, the Development Zone Industrial and Commercial Bureau and the Investment Cooperation Bureau and others formed a team to rush to Geely Holding in Taizhou to "recruit investment on site."
When they arrived at Geely Holding, Zhang Weiye and others found that this Geely Holding company was not small in the local area, with more than 400 acres of factory land alone. At that time, it mainly produced motorcycles, refrigerators, building materials and other products.
So Zhang Weiye and other Mingzhou Development Zone investment promotion personnel cordially invited Mr. Li of Geely Holding to invest in the construction of a motorcycle factory in the development zone.
Who would have thought that after Mr. Li went to the Mingzhou Development Zone for an inspection, he suddenly told the then main leaders of the development zone that he wanted to "build a car", which shocked the then leaders of the Mingzhou Development Zone Management Committee and made them half-believing and half-doubting.
But later, Mr. Li really built a car...
After the accidental abortion of the project of Brilliance Auto in Mingzhou Development Zone in 2002, many engineers and other professional technicians who were originally recruited by Brilliance Auto from famous domestic auto factories such as FAW were left behind and "recruited" by Geely Auto in Mingzhou Development Zone. Even the London Classic Car project of Manganese Bronze Holdings, which Brilliance Auto wanted to acquire, was left to Geely Auto...
Thinking of this, Li Xiaofan had an idea: to participate in the car manufacturing plan in the future!
After returning from the United States this time, I will go back to Taizhou to meet Mr. Li of Geely Holdings.
Afterwards, Li Xiaofan checked the US stock market. In addition to Brilliance Auto and Guangzhou-Shenzhen Railway, there was also a domestic company called Yuchai International, code-named CYD, which was also listed on the main board of the New York Stock Exchange in 1994.
In 1993, after the approval of the Ministry of Foreign Trade and Economic Cooperation, Guangxi Yuchai Machinery, the largest independent diesel engine manufacturer in China, signed a foreign capital subscription contract with five overseas investment companies and obtained the business license of "Sino-foreign joint venture Yuchai Machinery Co., Ltd." in May of the same year, becoming the first largest Sino-foreign joint venture in China.
On May 16, Yuchai International was successfully listed on the New York Stock Exchange in the United States.
Li Xiaofan found that all domestic companies listed in the United States so far have a common phenomenon: these companies are all state-owned shareholders, and there is no domestic pure private enterprise.
Even Brilliance Automotive gave itself a "red hat" in order to go public in the United States.
Li Xiaofan was thinking...
Where is his opportunity now?
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