Chapter 323 Domestic Capital
As a senior government official, Yang Debiao also understands that relying on the current domestic capital and technical capabilities, it is actually difficult to really develop many domestic resources on a large scale.
In addition to this Anshan iron mine, the Ministry of Industry and Commerce has a lot of development plans, and has the strength to develop these minerals, to be honest, now there is only one Tangshan Iron and Steel Company, here is not only the limitation of funds, but also technical restrictions, the development of minerals is not money, you also have to have technology, especially the development of those low-quality minerals, otherwise the cost of mineral development is too high to outweigh the loss.
Therefore, in order to raise funds, but also to introduce advanced technology, it is not difficult to understand that Tangshan Iron and Steel Company is looking for foreign iron and steel enterprises to jointly develop Anshan iron ore.
Zhao Dongyun's attitude towards this is relatively relaxed, he does not have the kind of xenophobic plot in the hearts of contemporary Chinese people, this investment promotion is a great good thing for the development of the country, Zhao Dongyun has always been supportive, you see that he vigorously supports Huludao Industrial Zone, Yingkou Industrial Zone, you can see that in order to attract investment, he even released the big move of tax exemption.
In addition, under the Jinpu Railway, Longhai Railway and other railways that are being planned by the Ministry of Communications, they are actually preparing to introduce foreign capital for construction, otherwise the government will not be able to come up with so much money, and even if it is a domestic commercial office, it is difficult to gather tens of millions or even hundreds of millions of funds to invest in the construction of railways, which takes more than ten years to recover costs and make a profit.
Contemporary Chinese industrial and commercial circles, well, to put it bluntly, although those capitalists also play industry, but basically except for a very small number of enterprises with official backgrounds, the others are basically concentrated in light industry, especially the textile industry, these light industry investment is small, the cost recovery is fast, and the profit is also high, and it is the preferred investment industry of the domestic industrial and commercial circles.
Needless to say, large-scale infrastructure projects such as railways, which often invest tens of millions of dollars and require more than ten years of cost recovery, are very rarely involved in heavy industries such as mining development and machinery manufacturing.
At present, in the area under Zhao Dongyun's control, with the support of the policy, the light industry can be said to be developing rapidly, and a series of northern capital led by Fuyuan Company has either invested independently or jointly ventured in recent years to open a large number of various enterprise factories, and these factories are mainly light industry, especially the textile industry.
The size of the textile companies in the three eastern provinces, Zhili and other provinces has exceeded 300, but as a heavy industry of iron and steel enterprises, in fact, there is only one Tangshan Iron and Steel Plant on the scale, and there are only three or five other machinery manufacturing companies in addition to the subsidiary company of the behemoth of Fuyuan Machinery Factory, and the manufacturing is some small things, such as cement, this thing does not look at his pollution and the like, but in contemporary times it is a veritable heavy industry, and now there are only six large-scale cement manufacturers in northern China.
At the same time, the short-sightedness of businessmen made them rarely go back to invest in heavy industry, and the few heavy industries that have developed in Zhao Dongyun's ruled area today basically have either an official background or the participation of Fuyuan Company.
Of course, this is also related to the large amount of investment required by heavy industry, or take the development of Anshan iron mine and Fushun coal mine as an example, these investments are often millions or even tens of millions, and it is actually difficult for any single domestic capitalist to come up with so much money.
Just like the Fuyuan machine qì factory that year, as the parent company of the Fuyuan yarn factory relied on the Zhao family behind it, it was absolutely impossible to do it, in order to start the Zhao family was forced to recruit many commercial stocks, and the successive capital increases in the following years attracted a lot of capital from the north to join, and finally how many years later, the guide zhì Fuyuan machine qì factory gradually evolved from a subsidiary of Fuyuan yarn factory to an independent capital predator, and the total assets have even exceeded the original parent company Fuyuan company.
Although today's Fuyuan Company still maintains 16 percent of the shares of Fuyuan Machinery Factory, in fact, more shares are dispersed to the entire northern capital market, and a large number of shares are basically various financial institutions, such as the rapid rise of private banks in China in recent years, Dingsheng Bank, which owns more than 10 percent of the shares, and these shares are not owned by Hong Xuwei, the sponsor of Dingsheng Bank, but the shares purchased with bank depositors' funds. Strictly speaking, these shares belong to all depositors in Dingsheng Bank.
Many other banks, ticket numbers, and banks also occupy more or less shares in it!
The reason for this situation is that the amount of money required for the increase of shares of Fuyuan Machinery is extremely large, and the funds raised at any time are millions of taels, and it is worth noting that because Fuyuan Machinery has carried out many consecutive share increases, the original shareholders need to grit their teeth and continue to invest funds in order not to reduce the proportion of shares in their hands to ensure that the proportion of shares in their hands is not reduced.
At the beginning, the board of directors of Fuyuan Machinery Co., Ltd. relied on the means of issuing additional shares to successfully reduce the controlling ratio of Fuyuan Company from nearly 50 percent to 16 percent today. The reason is very simple, the shareholders of the board of directors want to issue additional shares, even the original parent company Fuyuan Company can not be stopped, can only raise funds for capital increase many times, but the number of times, then Fuyuan Company has the profits of many other subsidiaries to support, but it can not stand the continuous issuance of shares, and finally is forced to reduce the proportion of shares step by step.
This massive capital injection is what allows Fuyuan Machinery Factory to have sufficient funds to introduce equipment, purchase foreign patents, expand technology output, and develop new weapons.
And every additional issuance of shares of Fuyuan Machinery is a feast for the northern capital market!
However, not every company can have the same strong ability to absorb gold as the Fuyuan Factory, the reason why people break their heads to buy the shares of the Fuyuan Machinery Factory, that is because of the huge profitability of the Fuyuan Factory, when the factory was still in trial production, it has begun to make profits, and with the Russo-Japanese War, the outbreak of the civil war one after another, the scale of the factory is getting bigger and bigger day by day, and the output is more and more, the sales are large, and the profits naturally make the shareholders laugh.
Especially in the past year, the ordnance products of the Fuyuan Machinery Factory are almost in the refractory period, it can be said that the production of as much as the Fengjun will be, although the Fengjun often defaults on the payment, and now there are still millions of unpaid it, but although the wealthy Fuyuan Machinery Factory shouts every day that the capital chain is about to be broken, but their capital is still very strong, after the Fengjun entered the customs, they still use the operating profits and the government to jointly open the Baoding Arsenal.
However, although the Fuyuan Machinery Factory has made a lot of profits in recent years, in fact, most of the profits have been reinvested, and the dividends that shareholders have received over the years are actually quite limited, but these shareholders do not care, even if they are short-sighted, they know that now is not the time to take dividends, but to continue to expand the scale, and when the Fuyuan Machinery Factory continues to expand, and even reaches the ability to meet the supply of ordnance to millions of troops, then I am afraid that there will be no dividends. Lying on these shares and sleeping every day can also drop money.
It's just that there are too few enterprises like Fuyuanji Factory, and other heavy industry projects, especially when there is no expected profit, if you want to take out money from domestic capitalists to invest, it is not ordinarily difficult!
Relatively speaking, it is helpless to invite foreign capital to invest in these projects, after all, for those very large international companies, such as Bethlehem Steel Company in the United States, they are engaged in these in the first place, and they also have the funds to invest.
Now that Tangshan Iron and Steel Company is underfunded, and their investment center will be located in Anshan in the next few years, it is natural that there is a lack of interest in the newly discovered Chahar iron ore, which only means that it has invested 300,000 yuan, but this is far from enough for officials of the Ministry of Industry and Commerce.
Zhao E said: "Some time ago, I have talked to several domestic banks, and I also visited Zhao Lao of Fuyuan Company to see if I can let Fuyuan Company take the lead, and then raise two million share capital for development!" ”
Yang Debiao listened: "If Fuyuan Company takes the lead, this fundraising is estimated to be easier!" ”
In recent years, although Fuyuan Company has gradually lost the controlling stake in Fuyuan Machinery Factory, the company's influence is deepening day by day, and this influence does not mean that Fuyuan Company has monopolized many industries, but Fuyuan Company's precise vision for investing in new industries.
When Fuyuan Company pulled Jinzhou Li Jia to engage in the cotton textile industry, in fact, many people were waiting to see the jokes, thinking that in the fierce market of domestic fabrics such as foreign cloth and Nantong native cloth, it was too risky to use millions of funds to invest in a super-large-scale textile factory, but later, the two joint venture Huludao textile companies shined, relying on the opportunity of Japan's foreign cloth to temporarily withdraw from the market of the three eastern provinces during the Russo-Japanese War, and squeezed out more than one-third of the mechanism cloth market in the three eastern provinces in one fell swoop. made Li Erjian of the Li family in Jinzhou and his son wake up with a smile in their dreams in the past two years.
Later, when Fuyuan Company spent a huge amount of money to introduce cigarette equipment from abroad to open a cigarette factory, people thought that the domestic cigarette market was only an emerging market, and the market, especially the northern market at the beginning, was almost all imported cigarettes. Subsequently, it competed with the Nanyang Cigarette Company in the southern provinces and became one of the two largest cigarette manufacturers in China.
When people's jaws dropped, several other industries of Fuyuan Company, such as soap factories, match factories and other subsidiaries, although they did not shine as much as Fuyuan cigarettes, but all of them were also very profitable, and it can be said that there is no precedent for failure in many investments of Fuyuan Company.
And Fuyuan company also has a tradition of finding others to share the cost of joint ventures, compared with Fuyuan company's own capital is also limited, but at the same time involved in too many fields, so whether it is cigarettes or cement or other industries, basically Fuyuan company is the leading, and then pull a vote of people to do it together, after all, when investing in other industries, not only need funds, but also need a variety of channels or technologies and the like, although Fuyuan company is a big business, but strictly speaking, this is an investment financial company, they can't play so many industries on their own.
If Fuyuan can take the lead in investing in the Chahar iron ore mine, then it will be able to attract other capitalists to join in, so that it will be able to raise more funds for development.
Listening to the conversation between Zhao E and Yang Debiao and others, Fang Biyong, who is a military general, was a little bored, if it wasn't for Zhao Dongyun just now, he wouldn't have joined this small circle, now that Zhao Dongyun has left, this Fang Biyong consciously left this small circle of civil officials after listening to a few words, and then walked to Zhao Dongping's side!
"Brother, who is this lady?" Fang Biyong didn't have the slightest consciousness of being a light bulb, and walked directly in front of Zhao Dongping and another young woman!
Zhao Dongping saw Fang Biyong coming over suddenly, and introduced with a little embarrassment: "This is Gu Qingying, Gu Stork Yu's sister!" ”
Fang Biyong naturally knew that the stork feather was Gu Lanyu's character, but he was curious, Gu Lanyu had a standard Chinese face, a tall body, and a fierce military appearance, but he didn't expect his sister to be extremely delicate and petite, if he didn't say it, he really couldn't see that they were brother and sister.
It's just that he is more curious, when did Zhao Dongping and Gu Lanyu hook up? Could it be that the two are going to get married?