In May 1985, Xinfei Electronic Technology Co., Ltd., the largest joint venture subsidiary of Xinchuang Electronics, was conducting a roadshow for listing, and the listing address was the Tokyo Stock Exchange.

For this reason, Lin Qi also prepared to take a plane from Hong Kong and arrived in Tokyo for the platform.

Originally, the company's other major shareholder, Philips, should be listed on the NASDAQ in the United States.

At the same time, it can strengthen the public image of Xinfei Electronic Technology Company in the eyes of investors and consumers around the world with the help of the NASDAQ market, which is conducive to the development of international business.

However, Lin Qi was partial and insisted on being listed on the third section of the Tokyo Stock Exchange in Japan.

This decision made Philips very incomprehensible, and even the management of Xinfei Technology did not understand it too much.

After all, the influence of the Japanese capital market in the international community is still very low, and even if it is listed in Hong Kong, it is more reliable than being listed on the Tokyo Stock Exchange in Japan.

However, Lin Qi explained a lot, such as the fact that the yen is far undervalued at this stage, and the funds raised by the listing will benefit from the appreciation of the yen and be higher than expected. In addition, with the business development of the new Japanese branch, it will attack the Japanese market, attack the nest of competitors such as Sony and Panasonic, accelerate the elimination of video recorders, and make VCD the most mainstream equipment for home audio-visual entertainment.

Of course, as an aspiring to become the overlord of the international CD industry chain, Xinfei Electronic Technology Co., Ltd. can be listed in multiple capital markets simultaneously in the future. Including, the exchanges in Hong Kong, the United States, and the United Kingdom all have plans to go public.

After this explanation, Philips, another major shareholder, eased its attitude a little, and actively cooperated with the listing plan of Xinfei Electronic Technology.

In fact, in 85 years landed on the Tokyo Stock Exchange in Japan, which was not too sooner or later, just right.

This is because, after Japan signed the Plaza Treaty in 85, the exchange rate of 250 yen to 1 dollar, which had been stable for about 10 years, rose rapidly to 100 yen to 1 dollar.

The expectation of an increase in the yen exchange rate has also stimulated international capital, which has continued to pour into Japan during this period, further causing a shortage of money in Japan. Later, banks and other financial institutions also lent money to ordinary people for speculation, thus pushing the bubble higher.

From 85~89 years, the entire Japanese exchange rate, stock market, and real estate were in a state of excitement.

The booming stock market and the growth of the real estate sector have belied the fact that the development of Japan's manufacturing and export businesses has come to a standstill.

Like other countries, Japan's stock market is divided into two parts: the exchange market and the over-the-counter market. After World War II, in principle, listed stocks were prohibited from trading over-the-counter in order to create fair securities prices, and a stock exchange market centered on stock exchanges was formed.

As a capitalist country, Japan already had a capital market before World War II, but it was not open to the outside world, and it was more focused on issuing bonds. Since the era of the People's Restoration, Japan has been issuing bonds from home and abroad to obtain funds for national economic development and foreign wars. This is because Japan's foreign expansion has always been attended by the whole people, and the rulers have fully publicized what their money is used for, and the common people who invest in these bonds know that they are encouraging and investing in the war. After the war, a bunch of people wishfully whitewashed the Japanese, believing that starting a war was the sin of the rulers and conspirators of a country, and had nothing to do with the people?

After the end of World War II, Japan, under the profound transformation of the United States, did carry out a fairly thorough and successful peaceful transformation of its country. Japan's capital market has also transformed from a purely bond market to a mainstream market for equity financing.

Currently, there are 8 main stock exchanges in Japan, located in Tokyo, Daisho, Nagoya, Kyoto, Hiroshima, Fukuoka, Niigata, and Sapporo. Among them, Tokyo and Daisho are the central markets in the whole country and the Kansai region, respectively, and the combined trading volume of the two accounts for more than 90% of the national exchanges.

In October 1961, the Tokyo, Osaka, and Nagoya stock exchanges established a second section of the stock exchange in order to centralize stock trading as much as possible. The listing conditions for Part 2 of the market are slightly lower than those of Section 1. In principle, new shares will be traded in the second section of the market first, and will only be traded in the first section after one year if the first listing conditions are met. At the same time, stocks listed in Part 1 will be redesignated to trade in Part 1 if their conditions fall below a certain level and the conditions of Section 1 are not met within the one-year grace period.

In addition to the 250 large stocks in the first section of the market, which are still traded by open outcry, the rest of the stocks in the first section of the market and all the stocks in the second section are traded by computer, and the Tokyo Stock Exchange also divides the listed stocks into three categories: Class 1 and Class 2 are domestic stocks, of which Class 1 stocks have higher listing conditions than Class 2, and Class 3 is foreign stocks.

It is precisely because of the opening up of Japan's financial market since the 70s that the process of opening up to the outside world has been increased, and the Tokyo Stock Exchange has established the third department for the listing of foreign companies, which has further provided great convenience for international capital to harvest the Japanese economy.

Since the 70s, there has been a large amount of international capital, and a large number of securities investment businesses have begun to be carried out in Japan, and large international famous companies have even directly listed on the Japanese market.

For example, Morgan Stanley, JPMorgan Chase, Goldman Sachs and a bunch of other financial capital, which have long been large listed companies in the United States, have long been large listed companies in the United States, but in order to better lay out the market market, they still chose to be listed on the Tokyo Stock Exchange in Japan.

It is this group of people who are now bullish on the Japanese economy and long Japan's exchange rate, real estate and capital markets. When the bubble has reached a shocking level, it is still these people who profit from shorting the Japanese economy by bursting the bubble.

On the surface, the shorts are all big bears like Soros, but those are all stragglers. The real organized shorting and shorting are still the regular armies of Goldman Sachs, Morgan Stanley, JPMorgan Chase, etc.

Of course, Lin Qi can't compare with the wool on his own wool harvested in the United States, but Lin Qi clearly knows the process of shearing sheep. Therefore, if you don't take the opportunity to pick up some wool that the Americans missed, you are sorry for your identity as a traverser.

Of course, the posture of shearing the sheep should be good-looking, and it should not be as infamous as Soros.

It is precisely for this reason that Lin Qi will choose the way of listing and financing to obtain a large amount of ammunition for yen assets. After being listed in the Japanese market, the shares of Xinfei Electronic Technology Company can become a bargaining chip for financing. In other words, if it is a mediocre company, the chips may not be very valuable, but Xinfei Electronic Technology Co., Ltd. has real performance and growth, and in the future, it can naturally be used as an important prop for harvesting Japan.