What does it mean to be indirect?"

Xia Guangyuan, who had been observing Li Xian, suddenly asked, and vaguely felt that Li Xian, this guy, seemed to be calculating something again.

And today, he was first invited here by Yue Zhifeng, and he happened to see Li Xian here, which made him have a premonition in his heart.

I seem to have something to do with this kid again.

It is obvious that the issues that Xia Guangyuan is concerned about are also what Yue Zhifeng and Zhou Shulian care about.

Facing the eyes of the three pairs in the room gathered on him, Li Xian smiled slightly: "It's actually very simple. The so-called indirect solution to difficulties is actually to make state-owned enterprises survive by directly injecting funds into them. As for how it works......"

Glancing at the three who had been completely whetted for appetite, Li Xian smiled and spread his hands, and gave the final, as if it was a little chilly answer from the map scroll that Jing Ke submitted to Qin Shi Huang a thousand years ago: "Let those good, potential, private enterprises with listing conditions, and non-state-owned enterprises go public." Then use the funds raised to buy state-owned enterprises in turn. ”

"Joke! If you say that, it's better to just give you a listing index for New Taipei, and then turn around and buy other state-owned enterprises!" Xia Guangyuan cast a contemptuous look and scolded.

Seeing that Yue Zhifeng also frowned and wanted to scold, Li Xian stretched out his palm and stopped the two from speaking, "Don't worry, let me finish." If you feel that this method is not feasible, you can also use a compromise solution. For example, the principle of immovable share capital of listed state-owned enterprises should be relaxed, so that they can enter the secondary stock market circulation market. For private capital to intervene in the acquisition, redistribute the share ratio of the enterprise to survive the enterprise, but reorganize the board of directors...... Well, this gentle way to transform. In my opinion, the feasibility is still very high. ”

Li Xian's idea has not yet appeared.

According to the original historical process, the original shares of state-owned enterprises that were not in circulation were similar to Zhou Shulian's previous proposal, and this kind of capital market system, which is called the "shareholding system" and has Chinese characteristics, has become popular.

At that time, all listed state-owned companies had two types of shares: non-tradable shares (state-owned shares) and tradable shares.

The rights of the two types of shares are the same, but the cost of holding shares is very different, which creates a serious injustice between the two types of shareholders, and also provides a natural operating space for the future market maker economy. This share-sharing system was not completed until about 05 years through the reduction of state-owned shares.

But before that, the seriously lagging liquidity and unfair equity had already caused quite serious consequences, and the state-listed enterprises had been completely exposed to their institutional and financial problems long before the turn of the millennium, and a considerable number of them had become veritable shell companies.

Between '96 and '97, when 80 percent of the first and second batch of state-owned enterprises listed on the stock market hit the streets, this viewpoint that Li Xian is now putting forward has actually been widely put forward by many economists in China.

Among them are Ling Zhijun, an observer of the People's Daily, Zhang Weiying, an economist, and Liang Dingbang, chairman of the Securities and Futures Commission of Hong Kong City.

In the immediate aftermath, "grasping the big and letting go of the small, the country advances and the people retreat", the state-owned enterprises have been greatly transformed...... Among the main triggers that swept the wave of layoffs of tens of millions of people, this model has also been partially applied to the mergers and acquisitions of listed companies by private capital, in addition to the brutal bankruptcy and reorganization.

It's just that at that time, the luck of private capital that tried to acquire state-owned enterprises through the capital market was really bad.

Ninety-seven years....... Soros is the big devil who has swept Asia and tried to do things in the capital market, but they have basically been arranged clearly.

Huanhuan entered the market, and wanted to use the capital of the stock market to complete the merger and acquisition of state-owned enterprises, but the last ........ can only leave under the green of the motherland no matter what reason you have, and leave without even underwear.

China's ill-fated stock market has not given a chance to such a feasible transformation plan.

Or that this model that should have been able was not brought forward by the right person at the right time.

Now, Li Xian said.

"Shhh

After listening to Li Xian, Yue Zhifeng and Xia Guangyuan fell into silence. Just like Xia Guangyuan said before, China's economic affairs have never been purely economic matters, but also need to be considered at a higher political level.

But Zhou Shulian's eyes lit up, and he took a breath of cold air directly!

Li Xian's method, to be honest, is not complicated.

Its nature is like a "prove A=B" algebra problem, in the standard "because A is equal to C, B is equal to C, so A = B" solution process, add a given condition, and become "because A + B is equal to 2C, and because 2A = 2C, 2B = 2C, so 2A = 2B, so A = B" - just a joke, a different algorithm!

But because of the change of angle, Zhou Shulian suddenly found that all problems seem to be solved in this way!

How so?

The direct effect of private capital entering the secondary stock market and completing the acquisition and integration of state-owned enterprises is not only to inject new capital, but more importantly, to intervene in the private enterprise system to achieve the purpose of revitalizing state-owned enterprises. However, from another point of view, if this method is feasible and can achieve the theoretical goal in concrete implementation, it will undoubtedly be a shot in the arm for the stock market of state-owned enterprises that are now full of indiscriminate use of funds, do not meet the listing conditions at all, and are unable to effectively use capital.

It can be said that both for state-owned enterprises and for the stock market environment, this mode of operation has a very positive side.

On the other hand, private enterprises that have the ability and capital, but are not qualified to enter the domestic capital market without the quota of indicators, also have a channel to make the tide!

A brand new door quietly opened in front of Zhou Shulian.

On the other side, looking at the three people with different expressions, identities and thinking angles, Li Xian secretly clenched his fists and stood up from the sofa.

He took a deep breath and stopped hiding his intentions.

"Secretary Yue, Director Xia. I know that you called me here today for the sake of the two dozen or so paper mills in the province. Now that we have come to this point, I am willing to be the first person to eat crabs and apply this method to this industrial reform! Use the soft power of our New Taipei transformation enterprises, the hard power of combining upstream resources and funds, and the help of the capital market to inject new blood and vitality into the packaging and papermaking industry in Longjiang Province!"

Ambition accompanied by Li Xian's rare serious and calm voice echoed in the reception room!

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