Chapter 1098 Restructuring of State-owned Enterprises
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"That's a long storyβ" Fan Heng still knows a lot about this matter. When he heard this, he said.
"Then, to make a long story short-" For his father, Fan Wuxian has no scruples, and besides, Boss Zhu here will not blame him for anything, so he demanded.
Song Qing smiled, "Let's talk about it, I've sorted out all the relevant information." β
"That's good, your Mandarin is more standard than my dad's, and it's pleasant." Fan Wuxian immediately agreed.
"You kid-" Fan Heng shook his head with a smile when he heard this, and showed a helpless gesture to Boss Zhu.
"Hahaha-" Boss Zhu suddenly laughed, "With a disease-free temperament, it is indeed not suitable to enter the officialdom." β
So Song Qing told Fan Wuxian about Chunlan's restructuring.
In October of the 2000th year, in the context of the gradual rise of property rights reform and the large-scale transformation of the southern Jiangsu model, the board of directors of Chunlan issued an announcement, announcing that under the premise of not involving state-owned assets, Chunlan Group Company would cut 25% of the collective assets of nearly 5 billion yuan, and use cash to carry out quantitative allotment of shares to the management and more than 10,000 employees at a ratio of one to one.
Tao Jianxing, the boss of Chunlan, believes that Chunlan's restructuring is in line with the central policy, so it is implemented in a high-profile manner, which immediately attracts extensive and enthusiastic attention from public opinion.
He seemed to have thought through all the possible pitfalls. For example, the restructuring plan clearly stipulates that the company shall not help anyone to purchase the company's shares in any form, including guarantees, subsidies, loans, etc.
In order to solve the technical problems, the Industrial and Commercial Bank of China, the Jiangsu Branch of the China Construction Bank and Chunlan reached an agreement that the two banks would provide 90 percent of the loans to all Chunlan employees in the form of stock pledges.
In order to avoid suspicion, Tao Jianxing also refused to accept other people's suggestions for management to control large shares, and instead implemented the Generalized System of Preferences, which also means that he voluntarily gave up more than hundreds of millions of yuan worth of shares.
At that time, Tao Jianxing told reporters that the relevant departments had considered giving him 10 percent of the shares of Chunlan Group, but he refused. Working hard in Chunlan is really not to make more money. Give him 700 million, what to spend? In his heart, Chunlan seems to be his own child, and money has zero driving force for him.
Then his self-confidence and high profile unexpectedly made himself the focus of public opinion.
When the Chunlan restructuring plan was introduced, some people calculated it, and then said that the Chunlan restructuring would create thousands of millionaires, hundreds of multimillionaires and several billionaires overnight, and Tao Jianxing's own wealth naturally became the biggest focus.
Before the restructuring, his monthly salary was 3,050, and according to the restructuring plan, he could probably get about 50 million.
So, all kinds of questions followed, and the first question was, what is Chunlan's surname?
Someone asked, Chunlan's state-owned shares accounted for 75 percent, according to Chunlan's plan. When employees buy shares, they will also be allocated to employees in a one-to-one ratio, so where does this part of the dividend rights come from? Does it mean that the state-owned shareholders have given up their right to dividends and given up a piece? Is there a problem of loss of state-owned assets?
The second question is, why is Tao Jianxing?
The fact that the operator of a large state-owned enterprise and a reformer who enjoys a prominent political position has become a billionaire overnight is a big gap with the traditional value judgment.
The last bigger question is, what will the Chunlan effect bring?
Some people have commented that at present, the gap between the rich and the poor in China is widening, and one of the most important manifestations of this is the rapid expansion of the wealth of some business operators in the process of restructuring the property rights of state-owned enterprises.
If the restructuring is successful, Tao Jianxing may become a pioneer in the reform of China's state-owned enterprises and a pacesetter in wealth. Chunlan Group's actions show the world that state-owned enterprises can still become rich.
After the completion of the Chunlan reform, there may be a wave of large-scale reform of the property rights system of state-owned enterprises in China, such as Zhang Ruimin of Qingdao Haier, Zhou Houjian of Qingdao Hisense, and Ni Runfeng of Sichuan Changhong, all of whom may become the first batch of capitalists in China's history in the new century.
"These are some questions that are difficult to answer head-on, and in a sense, they almost touch the bottom line of the system and morality that has been implicitly avoided in corporate reform." Song Qing said to Fan Wuxian, "Tao Jianxing's high profile unexpectedly caused Chunlan's restructuring to fall into a very sensitive controversy, and some people regard Chunlan's restructuring as a breakthrough change with the highest order of magnitude among large domestic state-owned enterprises, and the whole of China is paying attention to this matter with bated breath." β
Other opinions directly pointed out that Tao Jianxing divided Chunlan in dozens of days.
Some media interviewed the vice governor of Jiangsu Province in charge of industry. He replied skillfully, and he personally supported it.
Officials from the central government said the state did not have a policy in place to do so.
Many economic observers have commented that although there seems to be nothing wrong with the Chunlan reform from an economic point of view, the number of people and money it has affected has never been seen before, and such a quantification is really shocking.
Fan Wuxi nodded, and he understood the twists and turns in his heart.
In fact, if Chunlan's scale is not so large, Tao Jianxing's reputation is not so high, and the result of the restructuring is only the emergence of a group of millionaires, at most a few multimillionaires, then the problem is not very big.
The most shocking thing this time is that there will be several billionaires in Chunlan's reform, which is the most unacceptable to Chinese, after all, there are not a few multimillionaires in China now, but billionaires are not many, especially when the managers of state-owned enterprises actually become billionaires overnight, then many people's hearts will not be balanced.
In particular, this change was caused by the restructuring of state-owned enterprises, which is unacceptable to many people.
As Fan Wuxian expected, the shocking result was that Chunlan's restructuring saw the light and died, and died without a problem.
In fact, when the news of Chunlan's restructuring was made public, its employee stock ownership plan had been basically completed. However, under the tremendous pressure of public opinion, the restructuring came to an abrupt halt. Chunlan's plan was submitted to the central government for discussion, and it took little reason to veto it. Song Qing glanced at Boss Zhu cautiously and saw that he had no opinion, so he said to Fan Wuxian, "At the beginning of last year, Tao Jianxing was told that there were still legal obstacles to this plan, and it needed to be more scientific, rigorous, and reasonable to demonstrate and calculate, and it needed a collective consultation of economists and jurists. By this year, the program had come to naught. β
Fan Wuxian nodded, a little embarrassed.
What is happening in China at this stage is really not easy to say, all in all, it is because of the sequelae caused by the unclear property rights in the early stage of reform, Tao Jianxing, who thought that he was in a good situation, because of his excessive self-confidence, the chess game was broken, and he sighed in a spare place.
The suspension of Chunlan's restructuring was a landmark event in the movement to clarify property rights, and the restructuring plans of large enterprises that were very similar to it, such as Haier, Changhong and Hisense, were finally shelved one by one, and there was no longer a chance to mention it.
In fact, Fan Wuxian also knows very well that he will have a long time to come. The discussion of corporate property rights reform will become the most divisive economic topic in China's public society, political, business and academic circles. There are two important points of contention, one is how to view the serious loss of state-owned and collective assets, and the other is how to view the redemption of state-owned or collective enterprise operators.
This controversy over churn has been vaguely starting since 1998, and within two or three years, there will be a very hot scene of heated debate.
Fan Wuxian had a very deep understanding of this, because he had read a lot of books on this subject at that time, and what he remembered in particular was that the view represented by Hong Kong professor Lang Xianping was that the retreat of the country and the advancement of the people were actually a feast of eating state-owned assets, during which there was a phenomenon of those in charge of the spoon privately sharing the big pot of rice, and there were serious mistakes and distortions in the reform strategy.
Professor Zhang Weiying of Peking University and Professor Zhang Wuchang, also from Hong Kong, disagree, they think. Although there are all kinds of gray behaviors in the restructuring, the overall direction and positive effect of the reform cannot be doubted.
Zhang Wuchang's point of view is more direct, he argues that it is impossible to have no such thing at all, but it always has to be improved slowly, you want to kill so many people, you can't kill so many people. In the process of reform, some things are inevitable and need to be improved, but you should not say that the country is not good because there are such things. How can it be avoided? I bought this state-owned enterprise, and the method I used may not be very correct, but I turned the money-losing state-owned enterprise into a money-making enterprise, which is not a bad thing for China's economy as a whole.
These are more polite statements, and there is a more radical view than Professor Zhang's so-called popsicle theory.
Some experts believe that state-owned assets are like popsicles in the sun, and if they are not eaten, then they will be completely melted and wasted. Obviously, it is difficult to discuss such arguments in the sun, because in essence, they are looking for a justifiable evidence for those who privately divide state property.
"In fact, from my point of view, Chunlan's restructuring plan is still quite reasonable." Fan Wuxian cautiously expressed his attitude, "The affairs of Chinese are often that they can share hardships and hardships, not wealth and prosperity. Since people are saving Chunlan from a debt-indebted situation and going bankrupt, and has developed into one of the top household appliances in China, and has become a money-making enterprise with an annual output value of hundreds of millions, this contribution is quite large, and there is every reason to carry out restructuring according to this plan. For the whole country, the most important thing is how much benefit an enterprise can achieve, how much tax revenue it can contribute, and how many jobs it can solve. State-owned enterprises have clear property rights, but they don't see benefits! β
After Boss Zhu heard this, he replied, "At least now there are many people who can't see this, or they can't see others eating meat and drinking soup by themselves." If you can't even drink the soup, then you don't allow others to eat meat. As for whether the meat is from the pigs raised by the people themselves, it is not in their consideration. β
Fan Wuxian shrugged his shoulders and continued to eat, this kind of topic. In fact, it is the most troublesome, and it is useless to say more when there is no consensus in the country.
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