Jianlibao press conference is just an appetizer, the highlight will follow one after another, China Automobile officially returned from the Hong Kong stock market to the A-share IPO, and was approved by the Securities Regulatory Commission for listing.

As one of the major policies of the market, opening up the two major markets of Hong Kong stocks and A-shares is the focus of the CSRC's work in 2007. Since the announcement of the "Hong Kong stock through train" in August, the mainland can speculate on Hong Kong stocks, causing the Hang Seng Index to soar from the 20,000-plus point to the 30,000-point mark. The blue-chip stocks listed in Hong Kong have also returned to A-shares for re-listing, achieving an A+H dual listing pattern.

There is no doubt that this wave of bull market was born under the leadership of the invisible hand of the government, and swept all shareholders to join.

China Motor will issue 2 billion new shares at 15.5 yuan per share with reference to the Hong Kong stock price, with a price-to-earnings ratio of 15 times, and raise 31 billion yuan of funds for cross-border mergers and acquisitions, research and development of new models, construction of new factories and recruitment of top global talents. The public offering will account for 15.7% of the total share capital of China Motor, and Han Hao's personal stake has also dropped to 39.6%, still the company's largest single shareholder.

In order to compete for the new shares of China Motor, the entire A-share market froze a total of 3.5 trillion yuan, and the winning rate was calculated to be 0.86%, setting the lowest probability of IPO large-cap stock issuance that year. According to the calculation of the number of accounts opened in the stock market of 40 million, it is equivalent to 10% of the A-share shareholders participating in the new market of China Motor, which has become a carnival for all shareholders.

Many entrepreneurs regard being able to ring the bell of the stock exchange and list as their lifelong goal, but Han Hao stood in front of the bronze bell of the exchange, and his mood was already calm. Because he has already experienced too many similar scenarios, he knows that listing is just a baton handover point, and it will also be the starting point of the next stage of the race.

If you just want to cash out and leave, then you do feel that you have lost your goal after going public. However, if we want to make the enterprise bigger and stronger, then the strengthening of post-listing information disclosure and the requirement of standardized governance will have more constraints and challenges for entrepreneurs.

China Motor is already a leader in the field of domestic sedans and SUVs, and is on a par with joint ventures in the market, especially the acquisition of Jaguar and Land Rover brands, which is naturally sought after by shareholders.

"I plan to use the shares of China Motor as an heirloom, and I don't plan to sell them for at least 10 years!"

"In the long run, we are definitely optimistic about the development prospects of China Automobile, because this is our own car brand in Chinese!"

"I think that the stock price of China Motor will be on par with Toyota in the future, so I plan to hold it for a long time, and short-term fluctuations will not affect my decision-making. ”

......

In random interviews with financial reporters, many shareholders who won the lottery said that they were optimistic about the development prospects of China Motor, and long-term holding is a high probability event.

Among the many A-shares with high price-earnings ratios, the listing of China Automobile with a price-earnings ratio of 15 times is a conscientious move. The corresponding brother company, Huaxia Automobile, has a real-time price-earnings ratio of 42 times in A-shares, which is enough to set off the existence of A-share bubbles.

"Bell—"

With Han Hao's hard knock, China Motor's stock officially landed on A-shares, opening the drama of the return of blue-chip stocks in Hong Kong.

Big Macs such as China Construction Bank, Shenhua Group, and PetroChina are eyeing each other, and their plates are bigger than those of China Motor, often exceeding the IPO scale of more than 50 billion yuan.

Compared with the state-owned giant as a private enterprise, it is the biggest praise for China Motor.

On the day of listing, A-shares closed at 20.53 yuan per share, up 32.45% from the issue price, and the total market value of China Automobile exceeded 250 billion yuan based on the combined market value of A+H shares.

This makes it the second largest independent listed car company in China, and the first place is Huaxia Automobile, which has a total market value of more than 320 billion yuan by virtue of the advantages of being mixed with A-shares and merging the motorcycle business in a monopoly position.

The third place is the joint venture benchmark SAIC Group, they follow with a total market value of 160 billion, and there is no way to let the money earned be half of the joint venture partners and then included in the financial report, otherwise their market value will be higher. Unlike the Zhonghua Group, SAIC Motor makes its own profits, they rely on Volkswagen and General Motors to launch models for sales, and they must share accounts with each other.

When the Zhonghua Group once again attracted people's attention, there was a discordant voice, and BYD shouted in the air to start a public opinion war.

Who is China's first pure electric car?

BYD believes that the F3e with iron battery technology is the first pure electric sedan in the true sense of the word in the history of Chinese automobiles, and they have been using this title as a promotional selling point!

The Zhonghua Group also promoted that China's pure electric car started in Jiangzhou, and the first pure electric car should be an improved version of the second generation of the "Chinese Dragon" unveiled at the auto show!

At that time, the "Chinese Dragon" was unveiled a day before the F3e, and it was publicly displayed to the media before the auto show opened, so it should naturally be regarded as China's first pure electric sedan.

"They're just a concept car, and our BYD F3e is a real road-ready electric car!

In the end, I believe that the public has its own justice for this. ”

BYD hopes to seize the first limelight and improve its brand image.

Under the pressure of Zhonghua Group's traditional fuel vehicles, independent brands like BYD are having a hard time, and their product competitiveness cannot be compared with each other.

Therefore, BYD CEO Wang Chuanfu hopes to catch up in the field of new energy and become a representative of China's new automobile forces.

"If we follow BYD's standards, then our 'future' is a real pure electric car, because the F3e only appears in major auto shows, but it can't get off the road for a long time.

And the 'future' new car has no less than 100 Mercedes-Benz in Jiangzhou Street, which is a pure electric car that can be mass-produced in the real sense!"

Although BYD launched the F3e, it has not been able to overcome the stability problem of the vehicle, whether it is a permanent magnet motor or charging pile technology, it has encountered trouble. Therefore, although BYD has always claimed that the F3e will be put into production immediately, there is no real new car registered on the road, and they only exist in auto shows and laboratories.

On the other hand, in addition to Han Hao's commuting car, the "future" is already a means of travel for many company executives, and even Jiangzhou Taxi Company has put 20 new cars into operation.

In the face of BYD's porcelain-style marketing, the public relations team of Zhonghua Group did not hesitate to fight back.

If it weren't for the controversy with the Chunghwa Group, many people would have forgotten that there is such a new brand in the Chinese auto market.

After Toyota's replacement of the Corolla, the Chinese "Qin" has also changed into a new look, only the F3 is still obsessed with imitating the shape of the old Corolla.

Perhaps knowing that you can't rely on F3 alone, BYD officially launched the mini car F0 and the mid-level car F6 while everyone's attention was shifted.

The two cars also contain a lot of Toyota elements, the F0 imitates the Toyota small car AYGO, and the F6 has the immediate visual feel of a hybrid Camry and Accord.

It seems that Toyota is worthy of being the global car boss, and BYD has been staring at each other and constantly imitating and learning.

"Mr. Wang, I want to ask, when you entered the automotive industry, you once put down your arrogance, saying that BYD has no rivals in China, and it will become the world's top ten in 10 years, and the world's first in 15 years!

Now, five years later, do you want to revise your previous view?"

At the BYD new car press conference, there was a good thing that the reporter didn't think it was a big deal and asked Wang Chuanfu directly.

This question made BYD's public relations and publicity team in the audience hate it, and they plan to ban this reporter who deliberately found fault in the future.

BYD and Zhonghua Group are engaged in a war of words, and many reporters have stopped their pens and waited to see what bold words Wang Chuanfu will release.

"Our goal of BYD has not changed, which is to become the world's No. 1 automobile manufacturer!

It's only been 5 years now, and it's still too early for me to promise that anything can happen in that long time. ”

Wang Chuanfu responded without showing weakness in the face of reporters' provocations.

"Like some friends continue to increase investment in traditional fuel vehicles, and even go to foreign mergers and acquisitions, I think it is a backward behavior.

The tide of the times is rolling in, and the tomorrow of new energy vehicles is just around the corner, and it will eventually be eliminated by the times if it holds the old concept of holding on to one side and holding on to one side.

In China, only BYD is the savior of the automotive industry, and BYD is the only one who wants to surpass foreign giants!"

Wang Chuanfu is incompatible with the leaders of traditional domestic car companies, and has always been a maverick, often speaking openly, and has won the title of "madman".

"Wang Madman" fired again, these are excellent news headlines, and the media reporters present have news sources again.

Sure enough, Wang Chuanfu became the focus of the headlines the next day, overshadowing BYD's new F0 and F6.

When the reporters met Han Hao, they asked him what he thought of Wang Chuanfu and BYD, hoping to get another big news. Although Wang Chuanfu did not say it explicitly, everyone knew that he was coming for the Zhonghua Group.

In this regard, Han Hao just laughed and did not respond at all.

He can understand Wang Chuanfu's way of building momentum, but it does not mean that he will personally end up in a polemic, and the Zhonghua Group will not release water in the market. Only what is won in the market competition can be taken away from public opinion and the negotiating table.

Zhonghua Group continues to expand and develop, leaving little time for independent brands like BYD.

Compared with BYD, it was the actions of the Hujiang Municipal Government that made Han Hao feel a little difficult.

Zhao Guoping was ordered to be transferred to the top of Hujiang City, and Zhao Guoping stabilized the pace of development of China's largest economic capital, and the work in various fields was promoted in an orderly manner. In the autumn, he moved to the capital and began to display his talents at a higher national level.

As soon as Zhao Guoping left, the work of Hujiang City was taken charge by the head of the municipal government, and the cooperation with Zhonghua Group on the Jaguar Land Rover project also made waves.

Originally, Hujiang City agreed to give an interest-free loan of 3 billion yuan, promising to set aside a large amount of land on the outskirts of the city for the Jaguar Land Rover joint venture factory to land.

But now things have changed, the amount of interest-free loans promised by Hujiang City has been reduced from 3 billion to 1 billion, and the content of the factory landing has also been changed, they only welcome Jaguar Land Rover's R&D center to station, as for the factory land cannot be provided due to irresistible reasons.

The new official ignores the old things, or the top leader has to adjust the work under the change of thinking, anyway, Hujiang City directly notified the China Group, their conditions are like this, you love to come or not.

It is clear that SAIC is behind the scenes, and they are not willing to add a strong competitor to the Zhonghua Group in their sphere of influence. Once the Jaguar Land Rover plant is launched, it will definitely have to poach people from SAIC, and it will also divert valuable local resources.

In short, they succeeded in convincing the local government to squeeze the Zhonghua Group out of Hujiang City.

Han Hao couldn't go to complain to Zhao Guoping, who worked in the capital, because this was not a child's house, and it was not necessary.

Fortunately, he has the strength, if he pinned his hopes for mergers and acquisitions on the strong support of Hujiang City, then he would have to suffer a big loss now, Han Hao thought to himself in his heart.