Chapter 416: Buying Paintings
[Please keep in mind the domain name of this site" ", or search in Baidu: Sanlian Literature Network]
Vice Premier Zeng finally chatted with Fan Wuxian for a while, which was nothing more than some topics about domestic and foreign economic development, from which he found that Fan Wuxian's views were really from a high position, far superior to others, and he couldn't help but look at him differently.
This is also the first time that Fan Wuxi has interviewed Vice Premier Zeng, both of them are the kind of knowledgeable and well-informed characters, and when they talk about the sky, Fan Heng and Song Qing who are present are a little unable to keep up with their thinking.
In the end, Vice Premier Zeng said to Fan Heng, "Comrade Fan Heng, your son really deserves his reputation, and he is a rare talent." In the past, I heard a few friends talk about how Mr. Fan of Fan's Investment Group is good, and I still don't believe it, but today's remarks make me feel that not only are they not exaggerating, but they are underestimating him. โ
When Fan Heng heard this, he was naturally very proud in his heart, but he still had to be modest, "The child has momentum, but he is a little reckless, and fortunately he didn't make any big mess, and we parents always hang our hearts in our throats." โ
"What you say is inevitably untrueโ" Vice Premier Zeng smiled as he pointed at Fan Heng.
As a matter of fact, Vice Premier Zeng came down to Shanghai with more than a dozen members of the Central Committee this time, which was only one stop on the entire itinerary, and they also had to inspect the operation of state-owned enterprises in many provinces.
At present, state-owned enterprises are facing three major difficulties: First, losses remain high, and the losses of state-owned enterprises have increased at a rate of 14 percent over the past few years, with an average annual loss of more than 50 billion yuan, and state-owned enterprises account for more than 70 percent of all loss-making enterprises. Second, the use of enterprise funds is inefficient, and the inventory of products is growing at a rate of 30 percent per year, exceeding the growth rate of production by at least 10 percentage points. Third, the comprehensive economic efficiency index of state-owned industries fell by 5.4 percent, and the profit and tax rates on capital and the rate of profit on costs were lower than those of non-state-owned enterprises.
In July, the State Commission for the Reform of the State System announced that the pilot work of 100 modern enterprises, which began in '94, would be postponed for one year, that is, from the end of this year to the end of next year. The public announcement of the postponement of a major reform is the first time since the reform and opening up, from which people have experienced the hardships of the pilot reform.
Successive years of losses, low efficiency, difficult to sell products, and tight funds are the current situation of state-owned enterprises.
After the Shenzhen Stock Exchange Incident in the summer of 1992, policymakers suddenly discovered that the stock market might be the best means to save state-owned enterprises. As a result, Beijing set up the China Securities Regulatory Commission (CSRC) and handed over the power of stock issuance from the Shanghai and Shenzhen stock exchanges to the central government, and from then on implemented a listing mechanism that comprehensively supported the quota system for state-owned enterprises, that is, the central government determined the quota for listing, and then distributed it to various ministries and commissions according to the system, and to the provinces, municipalities, and autonomous regions according to geography. After the provinces, municipalities, autonomous regions and departments get the listing indicators, they must also allocate them according to their own systems. The vast majority of these indicators are allocated to local state-owned enterprises. Only a few well-known township enterprises were lucky enough to become the first batch of private listed companies due to the reform effect and the need for symbolic meaning, including the Wanxiang Group of Lu Guanqiu in Zhejiang Province and Huaxi Village of Wu Renbao in Jiangsu Province.
This institutional arrangement has made China's stock market a deformed product from the beginning. Lack of fairness. The quality of listed companies is obviously not good. There is a large number of false statements. Due to the lack of necessary supervision. There is a large number of land rights and money transactions.
on the subject. Fan Wuxian said to Vice Premier Zeng. "Many observers and scholars have raised objections to this system of ownership as a prerequisite for listing. Looks. State-owned enterprises are always supported by others. In the past, it was government finance. Then there are the banks. Now it's the stock market. The way to support the localities is to keep sending money to state-owned enterprises. The stock market is now seen as a solution to the difficulties of state-owned enterprises. Rather than as a channel of financing that allows limited resources to flow to the most efficient and capable entrepreneurs. This kind of thinking about developing the stock market for the sake of poverty alleviation is unhealthy. The government's guiding ideology should be to ensure the protection of fair trade. Protecting the interests of investors. Rather than protecting the special interests of a few. โ
According to the regulations of the Securities Regulatory Commission last year. Listed companies must have a return on net assets of more than 10% for three consecutive years. to enjoy the allotment option. Thereupon. A large number of companies stick to the lifeline of 10% of the annual rate of return.
A reporter has disclosed the fraudulent methods of several listed companies. A company first inflated its profits by more than 10 million yuan. The income tax was then paid at the local rate of 33 percent. In this way, the net asset ratio is more than 10 percent. The other company sells its own products to itself at a higher price. to increase yields. Another company lost more than 20 million yuan. A piece of negative equity will be stripped to the parent company at the next higher level. Then another asset is injected. Naturally, the rate of return is up to 10 percent. This financial game is played out every day. has become an openly secret.
Fan Wuxian said to Vice Premier Zeng. "The stock market is not an ATM. It is not a small number of state-owned enterprises that continue to draw blood*, if this continues, not only China's stock market will cross, but China's economy will also suffer! State-owned enterprises should be treated the same as private enterprises, and those that should be eliminated should be eliminated; if this situation does not change, the enthusiasm for production will never be able to be mobilized, even if there is a stock market to give blood transfusion, that is, it will only be a few days of respite, and it will still be these investors who will suffer at that time. โ
Vice Premier Zeng rubbed the corners of his forehead and said, "How easy it is to talk about! โ
After all, we can only solve the problems of a small number of large and medium-sized enterprises, and the small and medium-sized state-owned enterprises with a large volume and a wide range of 300,000 people are still a mess.
The central leadership has also thought of many ways to completely solve these problems, but it is indeed difficult to solve this matter when it comes to the whole body, and the main problem is that the current state is short of funds and cannot do some of the things it wants to do.
In fact, Fan Wuzhi wanted to say that many problems could be solved through the merger of private enterprises with state-owned enterprises, but at this time, it seemed that he was a little suspicious of plotting state-owned assets.
After talking for a while, Fan Heng and others had to attend the next two days of activities, so Fan Wuxian left alone, and when he returned to the venue to pick up Li Yunxing, he found that she was bidding for a Chinese painting with a Hong Kong businessman, but it was the work of Mr. Wu Qingzong, a master of landscape painting.
Mr. Wu Qingzong's calligraphy and painting are unique, especially the calligraphy in his later years is more elegant, the focus can be through the back of the paper, and the swaying place is like wanting to fly, the starting price of this painting is two million, after Li Yunyun and several bidders raised the price, at this time it has been auctioned to five million.
When Fan Wuxian came over, Li Yunxing was holding up a sign, and she seemed to be very happy to see her, and shouted the bidding price to 5.5 million yuan.
"How did you bid against people?" Fan Wuxi sat down in some surprise and asked Li Yunxing.
"The handwriting on that picture is very good, I want to buy it." Li Yunxing said to Fan Wuxian.
In addition to learning Chinese culture, Lee Yun-hyun recently also learned to practice calligraphy, and after seeing Mr. Wu Qingzong's calligraphy and painting, she felt that the size of the character was just right for her to post, so she moved the idea of taking pictures of this painting.
Fan Wuxi glanced at the painting, judged it in his heart, and felt that it was a bit overestimated now, so he said, "If you like it, I'll make a copy later and take it back to copy, why spend that unjust money?" โ
Li Yunxing looked at Fan Wuxian with some surprise, and then said, "This is a charity auction, all the money will be donated to charity, why not participate?" โ
"Oh, your consciousness is higher than mine!" Fan Wuxi smiled, and said in his heart that this kind of charity, I don't know where to spend the money, and it is really a bit of a fate to count on them to help the poor.
Regarding the use of funds, Fan Wuxian always thinks that it is best to keep it in his own hands, if it is someone else, it is difficult to say that they will not be moved when they see so much money, once one or two powerful people have evil thoughts, the whereabouts of the money are unknown.
After all, under the current institutional framework, it is still very easy to get a sum of money away, and if it is investigated afterwards, it may not be able to come to light, even if the guilt is determined, it is only a sentence of a few years or more than ten years.
It's just that Lee Yun-hyung is obviously a little happy, when she was in South Korea, she didn't have many opportunities to come out to participate in the auction activities, this time she took the number plate reserved for Fan Wuxian to use to frequently raise the card to bid, which can be regarded as fulfilling her wish for many years.
When Li Yunxin raised 8 million yuan, the bidders in the field finally stopped following up, and it is estimated that everyone is more depressed in their hearts, so many bosses were actually repelled by a little girl who was less than eighteen years old, and it was still a big loss of face when it was passed out.
It's just that seeing this little girl sitting in the position of Fan's Investment Group, many people are speculating about her identity, but they didn't think that this is actually the little princess Li Yunxing of Samsung Group. Many people think that she is Fan Wuxi's girlfriend, the descendant of the legendary Shen Wansan, and the behind-the-scenes boss of CCTV's two-time standard King Kong Mansion Banquet Shen Ying.
Therefore, many people want to give it a try, how bold is this little girl? How much money will this painting fetch for auction?
Otherwise, as early as the last few rounds, everyone will no longer have any illusions.
After all, there are still many people who like this painting.
There are no pop-ups