Chapter 201: Go through the back door
Unlike the current trend of many wealthy mainland tycoons who always like to buy luxury properties on Hong Kong Island when they have money, Han Hao did not buy a bedroom or a house here, although this is one of his blessed lands. Because many of the companies under his name are listed on the Hong Kong stock market, he has achieved financial freedom through this place.
Compared with many people's hobby to open the door and see the sea, Han Shoufu feels that Jiangzhou Lake View is more suitable for him.
With a private jet, he came to Hong Kong early and left late, and he had to spend the night in a star-rated hotel.
A thousand-foot mansion is one of the ultimate dreams of the heroes and heroines in Hong Kong dramas and Hong Kong films. When he was a child, Han Hao thought it was a large house with a size of several hundred square meters like a rural homestead, and when he grew up, he came to Hong Kong for the first time and realized that it was only equivalent to the area of a 90-square-meter house in the mainland, but this needs to cost more than 10 million Hong Kong dollars to buy today. According to the latest average monthly wage of the Hong Kong government's labor force of 13,000 Hong Kong dollars, buyers will have to go without food or drink for more than 65 years to pay off.
It stands to reason that as one of the four Asian tigers, Hong Kong's economic potential should be bright when it was backed by the mainland. As long as it actively integrates into the mainland economic circle and fully develops its own advantages, the Pearl of the Orient will continue to shine.
It is a pity that the government believes in the concept of "small government, big market", and the transformation plan of Cyberport finally failed, and it was completely kidnapped by real estate, and it has continued to this day by eating the old capital of finance and trade. Compared with Singapore's promising government, which is also one of the four tigers, the Wuwei Hong Kong government seems to be even more unsuccessful.
At the time of an avalanche, no snowflake is innocent. Hong Kong Island's economy is sluggish today, and all the people living in the Pearl of the Orient are inseparable.
It may be against this backdrop that Hong Kong's economy is showing a clear stagnation, and the Hong Kong Stock Exchange is under pressure to attract more blue-chip stocks.
The Hong Kong Stock Exchange has organized a high-level review committee specifically for Volvo's WVR, and they will have a face-to-face and frank exchange with Han Hao.
As soon as the dusty man Han got off the plane, he rushed directly to the venue.
In fact, a large number of details have already been communicated between the listing sponsor and the relevant personnel of Volvo, and this time Han Hao personally went out, which is actually a problem of brushing his face.
Many members of the review committee have heard of Han Hao's name for a long time, but it is the first time that they can see the richest man.
In a society like Hong Kong, where every inch of land is at a premium, successful business people always enjoy many halos. It may be that the former richest man in China, Li Chaoren, laid a good foundation and gave Han Hao a lot of extra points.
To be honest, the judges here are all considered to be the upper-class elites of the Hong Kong government, and they did not look down on the mainland rich in the past, and always felt that they lacked connotation and respect like nouveau riche.
But Han Hao started from scratch at a young age and laid a large foundation, and unlike Li Chaoren, who could only be in the Chinese circle, he dared to compete directly with Western multinational companies and sold "Made in China" to the world. It is not an exaggeration to really shout "the light of the Chinese".
Many people stand in front of the judges and are questioned mercilessly, and they will lose points in their performance a little bit, but the richest man in Han is not shocked when he advances and retreats properly.
"Weighted voting rights do not mean that regulations will be relaxed, on the contrary, they may be more stringent. Nowadays, business competition is becoming increasingly fierce, financing requirements are becoming more and more frequent, long-term business requires long-term strategy, and decision-making requires more efficient and professional decision-making, which are the trend of the times that cannot be satisfied by the system of equal shares and equal rights.
In the future, competition will be a war of science and technology, and talent is the foundation of science and technology. Weighted ownership ensures that more innovative talent stands out, as evidenced by the success of Nasdaq.
If the West already has successful cases of weighted voting rights, why can't the East build its own blessed land?
You must know that once this policy door is opened, Volvo is the first, but it will definitely not be the last, there will be countless 'Volvo' rushing to gather on this blessed land in the East.
Take 10,000 steps back, if you can't be sure whether it is good or bad, why not hand over the evaluation power to investors, I believe that they will vote with their feet, and whether they should implement weighted voting rights of the same shares!"
The issue of technical details is not the scope of Han's richest man's discussion, he prefers to convince the other party from a macro aspect. If consumers do not recognize weighted voting rights, they will naturally not buy such IPO shares, then it is equivalent to the policy not working. But if it succeeds, the Hong Kong Stock Exchange will open up another Cotai Avenue, which will greatly divert a group of high-quality domestic companies that originally went to the United States to be listed.
Such a simple truth, it may be more convincing to say it from Han Hao's mouth.
"If the Hong Kong Stock Exchange does not agree for the time being, what will you do with the follow-up?"
Finally, a judge asked the most critical question.
"I came with sincerity, a pen in one hand and a plane ticket in the other.
If the Hong Kong Stock Exchange closes its doors today, the time waits for no one, then I will not hesitate to leave with Volvo and never look back.
Although the Hong Kong Stock Exchange is the first choice, it will never be the only one!"
Han Hao, who has always been gentle and elegant, suddenly showed a broken posture, after all, rabbits will bite people when they are in a hurry, not to mention that he is actually a fierce lion.
Cooperation is a two-way benefit, and a split is a lose-lose situation.
Han Hao doesn't want to see the Hong Kong Stock Exchange replicate the failure experience of Hong Kong Island without a big picture and show his bottom line.
Others can be discussed, but when it comes to the bottom line, they will not back down, and they are not negotiable.
Putting fate in the hands of others, or rather a few people, made Han Hao not so comfortable.
To be honest, he has a high probability that the Hong Kong Stock Exchange will pass the weighted voting rights policy, but he is not sure that this time will pass, and it may be repeatedly delayed for a period of time until next year or the year after that.
But Volvo can't afford to wait, pigs can fly when the tuyere comes, and now is the best time, after all, there are Land Rovers lining up behind them.
"Small governments are tied up, and simple things are complicated. Even we are so uncomfortable, let alone other businesses.
It's a big deal, let's just go back to the mainland and go public!"
On the plane back to Jiangzhou, Yin Qingxun, who accompanied him throughout the whole process, couldn't help but complain again about the efficiency of the Hong Kong Stock Exchange.
Although he kept saying that he wanted to go back to the mainland to be listed, he also knew that Volvo, as an international automobile company, would not be able to attract the attention of international capital if it was listed on the mainland, after all, it was not as free as Hong Kong Island.
"Actually, what you said is not unreasonable, you can consider it!"
Han's richest man, who was also frowning and thinking, said this slowly.
"The mainland does not have a weighted voting rights policy. โ
Yin Qingxun knew that Han Hao was not happy in his heart, but he still reminded his boss.
"You can't put all your eggs in the same basket, you and I know that. Who said that the mainland can't have a policy of weighted voting rights, there was no one before, and it doesn't mean that there will be no one in the futureโโ"
Han Hao finally discovered the blind spot of his inertial thinking.
Why China's high-tech companies love to go public in the United States, in addition to the abundant capital of the US dollar, the stock market mechanism with weighted voting rights is the biggest highlight, which can quickly incubate start-ups to go public.
In the past, the Chinese did not have much money in their hands, but after entering the WTO and becoming the world's factory, they earned back a lot of foreign exchange, and the wallets in the hands of ordinary people also bulged. It can be said that now China is not short of money and has enough capital to reinvest.
Another point is that in the past, China's securities market was not perfect, and it gradually made progress by learning from overseas experience, but now the regulatory mechanism has achieved initial results. Now that we have laid a solid foundation, there is also a need to develop to a higher level, and it is natural to learn the latest international stock market mechanism.
In addition, China's high-tech enterprises, especially Internet companies, have gone public overseas, resulting in the dividends of growth being enjoyed by foreign competitors, resulting in ordinary domestic investors not being able to participate in this, and giving rise to many people who regret not being able to invest in Alibaba and Tencent back then. The dividends of the development of domestic enterprises are enjoyed by investors from other countries, which is a negative impact on the macro level of the country.
Finally, after years of venture capital and listing education, domestic start-ups have become more and more in line with international standards, and have built a listing path from the beginning of their establishment, and the innate seeds have already been planted in the fertile soil waiting for the harvest season to come.
Looking at it today, it is simply that everything is ready, only the east wind is owed.
In the past, I only wanted to build a new NASDAQ on Hong Kong Island, so why can't I just build one on the mainland?
Although the mainland has always said that it will refer to the NASDAQ standard to create entrepreneurial stars, the successive launch of the small and medium-sized board, the growth enterprise board and the new third board are only similar to each other, and have not been truly implemented, and there is no shadow of weighted voting rights.
What if we can work together this time to cooperate with the rejuvenation strategy of Industry 4.0 and make a Chinese version of NASDAQ in one fell swoop?
This is a great thing for the benefit of the country and the people!
Han Hao suddenly understood what his next goal was.
In fact, the call for the creation of a NASDAQ in China has been around for a long time, dating back to the late 90s of the last century. But it seems to shout too much "wolf", coupled with the domestic small and medium-sized board, gem and new third board after the establishment of thunder and rain failed to achieve the expected results, the call to create a domestic version of the sound of NASDAQ, has also become a daily accompaniment habit ignored.
There are constantly people shouting, but the mainstream public opinion feels that the time has not come, and even Han Hao has such inertial thinking, and the difficulty can be imagined.
The twists and turns experienced by Volvo this time made Han Hao feel that maybe it was time to make a real change.
Soon, the China Think Tank received an urgent task to conduct a feasibility study on the topic of building a NASDAQ in Chinese mainland securities market. Experts are experts, and they quickly combined various detailed data and realistic data to give an answer consistent with Han Hao's conclusion: that is, this matter is promising and urgent.
When Han is determined to do something, the power and influence he mobilizes is enormous, and he knows that the most efficient and enforceable way to promote a policy activity in China is to do it from the top down. So he used reliable channels to directly report the matter to the old secretary Zhao Guoping, and asked the old leader to help coordinate.
Such a matter of selflessness for the benefit of the country and the people, of course, it is not considered to go through the back door.