Following the pace of China Group's return to the A-share market to achieve the A+H model, state-owned giants such as China Construction Bank and Shenhua Group have responded to the country's call to land on the mainland stock market, creating one IPO myth after another.

But the most important is PetroChina, known as the "most profitable company in Asia", on November 5, it achieved a financing scale of 66.8 billion yuan in A-shares, setting a new global IPO record this year.

The issue price of 16.7 yuan per share was hyped by the market in the call auction stage, and it directly rose 191% to 48.60 yuan, and the total market value of +H reached 1.1 trillion US dollars, which is equivalent to 8.12 trillion yuan at the real-time exchange rate of 1:7.39.

The first company in human history with a market value of more than one trillion US dollars was born, and PetroChina let everyone witness the authenticity of this sentence on the day of its listing.

Russia, a polar bear, is the world's largest country, with a total GDP of 989.9 billion US dollars in 2006, which is not comparable to the market value of PetroChina. The Chinese government's fiscal revenue in 2006 was 4 trillion yuan, and the total GDP of the country was 21.94 trillion yuan.

The hot market of China's stock market began to fluctuate after rushing all the way to 6,000 points, and many investors have targeted the 10,000-point mark. You must know that the Hong Kong Hang Seng Index can break 30,000, the total economic volume is larger, and the mainland, which is known as a model student of global economic growth, is not as good as a special zone, and the stock market should be tens of thousands of points should be taken for granted.

Originally, it was considered to be the pioneer who led everyone to break through the 10,000-point mark, but he did not expect that PetroChina, which became the largest heavyweight stock after replacing ICBC, fell below the opening price on the day of listing, and was included in the Shanghai Composite Index a few days later, leading A-shares to open a downward channel.

PetroChina, the supercarrier known as the unsinkable, returned from overseas studies and gold-plated, but he didn't expect to directly sink the huge iceberg of China's A-share market before leaving the port.

Can PetroChina really be worth one-third of China's economy?

Anyone with common sense will laugh at this, the foam blows as big as an elephant, but it can easily break at the slightest touch of ivory.

Affected by the rapid rise in international oil prices, grain, minerals and other commodity prices, China's economy has passively started an era of imported inflation.

From January to November 2007, China's consumer price index (CPI) rose by 4.6% year-on-year, approaching the critical point of 5% overall inflation.

There is no way, the rise in oil prices has driven the prices of gasoline, diesel and chemical raw materials, which will lead to higher transportation and industrial costs, which will inevitably be transmitted to downstream industries to increase ex-factory prices. In addition, the rise in international bulk grain prices, in addition to the increase in the prices of rice and noodles, which are essential for people's daily life, has also increased the prices of industrial and agricultural raw materials such as peanuts, soybeans, and cotton, resulting in a further rise in basic prices. As for the rising prices of minerals such as iron ore, it has made car manufacturers feel very difficult.

Under the comprehensive impact, the cost of the whole society is rising, the price of most products is inevitable, and the people's income level cannot keep up, and inflation is coming.

In the late 80s and mid-90s, China experienced two major inflations, which caused the country's economy to fall into trouble, and caused a series of social problems.

Therefore, in order to prevent the economy from overheating and triggering national inflation, the People's Bank of China announced a decision to raise interest rates continuously in the context of the CPI index breaking through new highs, intending to take the initiative to puncture the bubble and return the economy to the track of rational development.

The once thriving Chinese economy has since ushered in an inflection point, with A-shares and Hong Kong stocks falling one after another, and beginning to bear the pain caused by the global subprime mortgage crisis.

The United States sneezes, the world's economy suffers, and this is the price of global integration.

Affected by this, Han Hao's net worth has also decreased day by day at a rate visible to the naked eye, but fortunately, he has cashed out a large part of his assets and has a large amount of cash in his hands.

In order to meet the downward pressure on the economy, Zhonghua Group has been preparing for nearly a year, in addition to hedging the price of bulk procurement of raw materials, it has also continued to sell high-valuation assets, and has achieved light travel with sales and production, so the response to the crisis is not obvious.

On the contrary, the stock market is not good, which completely disrupts the plan of SAIC and Changan Automobile to raise funds through the stock market for cross-border mergers and acquisitions, and they may not be able to raise the required acquisition funds as expected.

This is good news for Han Hao, at least it weakens the strength of competitors.

The shrinkage of his net worth did not affect his mood, thanks to early preparation, his wealth decreased relatively slowly, and compared with other rich people, he still belongs to the role of sitting firmly in the Diaoyutai.

At this time, he was sitting in the Great Hall of the People of Zhehai Province to attend the election meeting of the National People's Congress. Today, the province's 582 newly elected deputies to the provincial people's congress held a collective meeting to prepare for the election of 86 NPC deputies, who will represent the people of Zhejiang and Haihai to attend next year's NPC session.

It can be said that the people who can be elected to the provincial people's congress are all elite figures from all walks of life, and the 582 deputies are outstanding representatives carefully selected from the 51 million people of Zhejiang.

Now the best of the best are still being selected from 582 people to attend the National Congress, and it is no exaggeration to say that the winner stands at the peak of 1.3 billion Chinese.

Although he was in charge of the Zhonghua Group, and only became a representative of the provincial people's congress in the second half of 05, Han Hao did not just raise his hand to press the stamps.

At the provincial people's congress held in 2006 and early 2007, Han Hao successively submitted three proposals, namely "Proposal on Solving the Problem of Migrant Workers Settlement and Their Children's Education and Employment", "Proposal to Reduce or Reduce Tuition and Miscellaneous Fees for Primary and Secondary School Students in Compulsory Education, and Carry out a Nutrition Improvement Plan for Rural Compulsory Education Students", and "Proposal on Paying Attention to the Protection of Urban and Rural Unemployed Elderly Residents", all of which have received wide social responses.

You must know that representatives from the business community like Han Hao will make suggestions in their own areas of expertise, such as issuing corresponding proposals for the development of the automotive industry. But Han's richest man has a very special vision, he focuses more on the grassroots people's livelihood that has a wider social impact, and is closely related to the interests of ordinary people.

Chunghwa Group has recruited many foreign talents, including high-end R&D engineers, ordinary technicians on the production line, and even migrant workers who provide logistics services for the group. Due to household registration problems, their children will encounter many hurdles when they study in Jiangzhou, and Han Hao, as the leader of the company, often listens to their voices and knows that this is a big tricky and troublesome matter.

As the economically developed provincial capital city of the Yangtze River Delta, Jiangzhou has the responsibility and obligation to provide necessary social services for these workers who have made indelible contributions to the development of the city. It is necessary to focus on economic development, but the government must also provide corresponding public welfare, which is a harmonious society.

It was under Han Hao's appeal that the Jiangzhou municipal government took the lead in carrying out pilot reforms to lower the threshold for migrants to settle down and their children to study.

As for the proposal to waive tuition and miscellaneous fees and provide nutritious lunches, it is related to what Han Hao has seen and heard when he personally went to the poor areas of the country to donate money for education. Reading changes destiny, but we should not set the threshold for education too high, and everyone should be allowed to enjoy the right to education. People in the city think that a few hundred yuan in tuition and miscellaneous fees is not much, but it is a great burden for poor families. Compulsory education should not be allowed to become a burden, but should be subsidized so that more people can afford to go to school and walk into the school gate happily. In addition, seeing that the children in the mountainous areas were growing up, but the food they ate had no oil and water, which was not conducive to their healthy growth, which made Han Hao remember it deeply.

Therefore, when submitting a proposal to the Provincial People's Congress, he called on the government to allocate special funds to solve the problem of children in poor mountainous areas going to school and eating at school to supplement nutrition.

The proposal has also been hotly debated in the media, and Zhehai province has significantly reduced tuition and fees for children in poor mountainous areas and has begun to pilot a nutrition improvement program.

As for paying attention to the protection of unemployed elderly urban and rural residents, this is because he learned from his parents that those unemployed elderly people in his hometown are living in poverty, and due to various historical reasons, they are unable to live independently, and they need the government to come forward to provide relief and protection. China's social security system was established very late, and there is a long-standing rural-urban binary structure, with movements and waves of layoffs leaving many people unemployed or unemployed, and now they are old, unlike young people who go out and need social assistance to survive, and urgently need to be included in the pension system.

This proposal was personally approved by the top leaders of Zhehai Province, respecting the old and caring for the young is a fine tradition of the Chinese nation, and the Provincial Ministry of Civil Affairs is sorting out and coming up with corresponding solutions.

It was during his tenure as a deputy to the provincial people's congress that Han Hao realized that despite the rapid development of China's economy, there are many problems and contradictions that need to be solved, and the whole society needs to work together to solve them.

The feelings of family and country are vividly reflected in him, and it is no wonder that he is called "people's entrepreneur".

In today's election of deputies to the National People's Congress, there is no doubt that Han Hao was elected with a high number of votes, and he proved that he is qualified for such a role with practical actions.

First the provincial people's congress, and then the national people's congress, Han Hao's stage for participating in politics is getting broader and broader.

As soon as the meeting ended, Han Hao, as one of the 86 newly elected deputies to the National People's Congress, was immediately surrounded by reporters who had been waiting for a long time.

Everyone is very eager to know, what will be the first proposal of the National People's Congress of the richest man in South Korea?

"I would like to propose a proposal that is relevant to everyone's vital interests, that is, I hope that the state will greatly increase the personal income tax threshold.

Now the threshold of 1,600 yuan is low, this money is only enough to maintain basic expenses in the city, and I have asked many grassroots employees who say that they can only eat and wear.

With an income of 1,600 yuan to support his family, he has to pay taxes of almost 100 or 200 yuan, which is a heavy burden for ordinary laborers.

According to the price increase and the minimum wage standard, I think the individual income tax threshold should be at least doubled to 3,200 yuan, and the more reasonable standard is 5,000 yuan, of course, the higher the amount, the better!"

Han Hao has the experience of submitting bills to the National People's Congress, and knows that when media reports trigger public participation, public opinion cannot be violated, so that it is more likely to be adopted and implemented.

China's richest man went so far as to call for tax cuts for workers, which immediately drew strong attention from journalists.

"At present, our country's personal income tax accounts for less than 7%, which is not the main source of national fiscal revenue.

If the individual income tax collection point is raised, the people can pay less tax, and everyone has more spare money in their hands, which can effectively promote consumption.

With the increase in domestic demand, the reduced amount of individual income tax will be made up for in the circulation and production links with the development of industry and commerce.

In recent years, the expansion of domestic demand has been shouted for a long time, but the effect is not good, not because the people do not want to consume, but because they really can't come up with money to consume. ”

As soon as he became a deputy to the National People's Congress, Han Hao became an instant hit, and it can be said that this topic will definitely become the headlines of the media tomorrow.

"I now have an annual salary of 5 million, and if I pay taxes every year, I will have more than 2 million left. As for other property income, I personally and my family pay taxes in accordance with the laws of the country, and never engage in small actions to evade taxes.

The rich pay more taxes, and the poor pay less or no taxes, which is the rational distribution mechanism of wealth. ”

The same words have a very different impact on different people's mouths.

Han Hao's talk about lowering the individual income tax threshold immediately caused a strong storm across the country, because it is closely related to the income of all workers.

Soon the voice of supporting Han Hao and asking for an increase in the personal threshold occupied the mainstream, after all, if you can pay one or two hundred yuan less every month, it is not a small number in a year.

However, there are also many voices of opposition, "too high a threshold deprives low-income people of their honor as taxpayers", an expert immediately published an article in the media.

In the context of the two sessions of the National People's Congress not being held next year, tax cuts have become a hot topic of discussion among the people of the whole country.