Feng Yu rubbed his chin and thought for a while. "Actually, there is another way. But it might be against the rules, but it will be useful."
Against the rules? Zhang Ruiqiang's face showed a hesitant look. At his age, there was still room for improvement. If he did something against the rules, even if he made some achievements, he might be transferred away and cut off his path of advancement.
But Zhang Ruiqiang thought about this. He might not need to do anything about it. Why was the person in charge of the Provincial SOE reform team was a Deputy Governor who was about to retire? It was because the leaders were worried about this.
When necessary, they will use some unconventional methods. As long as the general direction was right, it was fine! If there were any problems, someone will be the scapegoat.
"What solution? Tell me."
"Two words. Get listed!" Feng Yu smiled.
"Listing? You are talking about a shareholding company getting listed? "Zhang Ruiqiang was puzzled. What solution is this?
This kid is talking about violating the regulations. Could it be that the company violated the regulations to go public?
"That's right. It is to raise funds for the company to be listed. Why can't many companies consolidate is because they have no money. Why can't they develop is because they don't have good equipment. In other words, they don't have money. The money from the listing can be used to purchase new equipment, new technologies, pay back the company's debts, purchase new production materials, etc. What they have to pay is that they will have to pay dividends to the shareholders every year, and their power will be dispersed. "
The capital market is the ideal platform for a company to raise funds, and it is beneficial to improve the company's governance structure, set up a modern company system, protect state-owned assets, develop a mixed ownership economy, and increase the motivation of the company to innovate.
Corporate reforms cannot be separated from the capital market. All the allocations, restructuring, and loans are not wrong. But there are too many limitations.
The higher-ups still have a conservative attitude towards the restructuring of the companies. They are especially resistant to state-owned enterprises becoming private companies.
To Feng Yu, rather than being a state-owned enterprise and relying on the government's allocations every year, it is better to sell it to a private company. This way, they can get back a portion of the money and still get a sum of taxes every year. What's the use of being a state-owned enterprise?
As long as it is not an important company, what's the difference between a state-owned enterprise and a private company? For example, why can't a towel factory be sold to a private company? Why must they set up a shareholding system and let the state-owned enterprise's management interfere? What's the difference between this and the past? If they really had the ability to lead the company out of its predicament, would the company have become like this?
Those leaders who were idling around were arranged to be idle, then demoted and had their salaries reduced. Whoever was not satisfied would be investigated. Not many people were truly clean. Let's see who still dared to jump around!
But now, there was really no way around this. It was not that there were no state-owned enterprises that were sold directly, but the people and workers called them compradors behind their backs. They thought that they were selling off state-owned assets and must have gotten a lot of benefits.
Are there any benefits in this? There must be. However, there were also those who really didn't receive any benefits. They just wanted to solve the problem and get some political achievements.
Feng Yu had something to do with this outcome. The leaders will say that look at Bing City's restructuring. Bing City Machinery Company, Bing City Pharmaceutical Enterprise, etc. After the restructuring, their profits and taxes had increased, and the value of their assets had increased. The City still does not need to spend much.
A big company like Bing City can do it. Why can't your small companies do it?
Sometimes, it was easier to deal with a big company than a small one. Large enterprises are more competitive, and small enterprises can't even walk out of the city, let alone go out of the province or abroad.
Zhang Ruiqiang listened to Feng Yu and thought for a while.
Getting listed is a good solution. After the company is listed, it will still be controlled by the state-owned enterprises. This will stop those who object to the listing. Also, Feng Yu can use the funds to develop the company or use it to fill up the company's debts. The most satisfying thing is the government does not need to spend any money!
"Tell me the details. How are we going to do this?" Zhang Ruiqiang asked.
"Simple. Combine the companies of the same type, and when they meet the requirements to be listed, we will apply to get listed!"
"Meet the requirements to be listed?" Zhang Ruiqiang was puzzled.
"We will combine all the good assets together and then remove the bad assets from the company. After that, we will apply for bankruptcy."
"Wait. Why are we going bankrupt again?" Zhang Ruiqiang interrupted Feng Yu.
"Fine. We can also not do this. But these companies must be able to attract people to invest in them. For example, those electronics factories and semiconductor factories you mentioned. If their technologies are up to standard, I can let them order some of Aiwa's mobile phone components. This way, the investors will see the profits and will invest in the company. "
"After the investors invest in the company, the company's profits will not satisfy them, and they will want the company to get listed. This will require us to play some tricks on the company's finances. For example, if we do not repay the debts for the next three years, these companies will meet the requirements to get listed. "Feng Yu was talking about getting venture capital.
"What?!" Zhang Ruiqiang was shocked. "You are asking us to falsify our financial reports?!"
"We don't need to falsify our financial reports. We just need to exclude some of the debts. Now, there are many loopholes for companies to get listed. "
Feng Yu sighed. China still does not have a Growth Enterprise Market. In Feng Yu's previous life, it will only be introduced next year, and it is only for high-tech companies. But there is a Growth Enterprise Market in Hong Kong. Even if the companies cannot get listed in China, it should not be a problem in Hong Kong.
In Feng Yu's previous life, many companies that did not meet the requirements had successfully IPO. This must be because of the government's interference. If others can do it, we can also do it. As long as we do not let down the investors, it will be fine.
"Is there no other way?" Zhang Ruiqiang frowned.
"There are other ways. You can get listed through a shell company or get listed through a shell company. You can acquire a listed company's shares and inject your business into the company. After that, you can raise funds to develop the company. "
Zhang Ruiqiang was confused. "Okay, okay. Isn't there a simpler way?"
"If there is a simpler way, how can so many capable people in the country not think of it? But there is another way that might work. You can hire a new manager. You can transfer the company's management team away and hand over all the power to the new manager. The manager will be given high salaries or shares of the company, and the new manager will be able to come up with new ideas for the company. There are many people who can do this. You just need to find them. "
After Feng Yu finished talking, he saw Zhang Ruiqiang looking at him. He laughed: "Which company can afford to hire me? Even if they can afford to hire me, will I work for them? "
Actually, Feng Yu is not confident of his management skills. He knows what he is capable of. It's not a problem for him to manage a small company. But in a big company, he is worse than a leader.
"I am not talking about you. Your company has lots of management talents. Can you lend me some of them?"
"Don't even think about it! Those run-down companies in the province want to poach my people? My capable people all have company shares. Those who don't have company shares are still in management positions, and they are still young. You are poaching people from other companies. Don't think about poaching my people. If not, the Provincial Government will not get any donations from me in the future! "Feng Yu almost jumped up in anger.
Damn! I am giving you advice, and you are using it on me?!
Zhang Ruiqiang laughed. "Who asked you to have so many talents? What if some of them are willing to come over? Fine. I will set up a talent recruitment list. Help me check it later. "
"I am not free. I am going to Hong Kong and New York soon. I might not return to China this year."
"Why are you so busy?" Zhang Ruiqiang asked curiously. Doesn't this kid like to use others to work for him? Why is he so hardworking now?
"There are some things that I can do myself. I will be leaving in two days. Call me if you need anything. Remember to hurry up with the Provincial Government's water conservancy project. You have spent so much money, and if you are still lax about it, you will be held responsible. The people will criticize you all! "
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