1991 Starting from the core

The next day, Su Yuanshan went to the Science and Technology Park, and just halfway through chatting with Jim and others, he received news that the new leaders from the Shanghai Stock Exchange were coming to inspect...

So Su Yuanshan, Qin Weimin and others accompanied the leader and walked through the wafer factory again.

During the inspection, the leader chatted easily with Su Yuanshan and joked that if he stayed in the Ministry of Electronic Industry for a few more years, he would probably be able to wait until it was merged into the four machine departments, which would then happen to be the superior supervisory unit of Yuanxin... There was no need to wait. I'm just now dealing with Yuanxin.

This "complaint" made Su Yuanshan feel quite embarrassed - after all, compared to his previous leaders, Su Yuanshan had rarely been to Shanghai in the past two years. This was the first time he met this person today... He didn't even have anything planned in his itinerary. Go visit.

After all, this time he decided to come over temporarily, and the main purpose was to improve the processor architecture under the new process technology.

He didn't know whether it was a coincidence that the leader came to inspect him today, or whether he made a special trip to touch him... But since he had encountered him, he had to express his attitude.

After all, as a leader who has an engineering background and has spent many years in the Fourth Ministry of Machinery and the Ministry of Electronics, being able to take charge of the Shanghai Stock Exchange during this period itself expresses the will of the country - no matter what, we must unswervingly let the Shanghai Stock Exchange In semiconductors, this is the most important prerequisite for continuing to move forward on the road to leadership in the electronic information industry.

This will is absolutely consistent with the development direction and interests of Yuanxin.

A week later.

This time Su Yuanshan did not "come out anyway, just take a look around" as he did in previous years. Instead, he stayed directly in the Shanghai stock market and participated in several closed-door meetings with the financial reform group and the Shanghai Stock Exchange and other departments. At the same time, we also met with the heads of Shanghai stock exchanges such as JPMorgan and Goldman Sachs.

In the words of Qin Si, who came from Wall Street, this May can be regarded as a "red May" for the domestic financial market.

…

"Actually, I really don't want to get involved in these things."

On the twenty-sixth floor of the Hilton Hotel, Su Yuanshan stood by the window, looking away from the bustling cityscape. He turned towards the coffee table and placed the empty cup in his hand on the coffee table.

Qin Si and Sun Xihui, opposite, smiled at the same time.

"Refill Uncle Xiaoshan's tea." Sun Xihui turned to look at a young man who stood up straight, like a bodyguard, and ordered.

"No need." Su Yuanshan waved his hand and looked at the young man - compared to the arrogance ten years ago, the young man today is a bit more shy. He couldn't help but smile narrowly: "Zhao Yan, why don't you sit down?"

——Yes, this young man is Sun Xihui’s son. Ten years ago, the boy who stiffly said in Su Yuanshan’s office that he was alone was a teenager. Not only did he graduate from the Department of Economics of the Provincial University last year, he also successfully obtained a degree from the University of Melbourne. The offer from the business school happened to be in the first year of graduate school.

When he returned to China this time, he naturally followed his mother's arrangement and came to witness with his own eyes the final chapter of the domestic financial system reform.

Facing Su Yuanshan's joke, Zhao Yan felt embarrassed. He subconsciously wanted to scratch his head, but he held back. He could only shake his head and said with a smile, "I don't dare to sit in front of you."

Su Yuanshan laughed: "Huh? Are you so afraid of me?"

"Uh..." The young man really didn't know how to answer.

Frankly speaking, he did have a "psychological shadow" about Su Yuanshan - when he was a teenager, he didn't realize how powerful this "Uncle Xiaoshan" was. He was even extremely dissatisfied with his mother for listening to Su Yuanshan on everything.

But as he got older and got to know Yuanxin better, especially after going to college and now studying abroad... he really realized how awesome Uncle Xiaoshan was in front of him, who was only about ten years older than him.

——Even that can no longer be described with vulgar words such as awesome and genius!

I would like to ask, how many people can come up with the "winner takes all" theory when they are teenagers, and put it into their pockets in the information age industry?

"Sit down, there are no outsiders, don't be so restrained." Su Yuanshan pointed to the seat diagonally opposite him: "Even if you have to serve tea and water, you have to choose a good place, right?"

Zhao Yan coughed, walked aside and sat down, but his waist was still straight.

Sun Xihui looked at her son, smiled and shook her head, but she couldn't hide the satisfaction in her eyes.

"Actually, the boots haven't fallen until now. It's already too late." Su Yuanshan withdrew his gaze from Zhao Yan, looked at Qin Si and Sun Xihui again, sighed softly and said: "We still have to realize that financial reform, speaking of it, It’s easy, but to do it, it’s no less of a feat than the southern tour—it’s equally difficult.”

Sun Xihui was a dabbler in economics and didn't quite understand the meaning, but Qin Si took it seriously.

"I was still forced." Qin Si smiled and nodded.

"Yes, we are forced. But whether it is a compromise or anything else, it is always good to reform in the direction of integration with the mainstream economy - after all, we are not strong enough to influence the global economy. Even though we are now second in the world in GPD and first in industrial output value, our true competitiveness is still not enough."

Su Yuanshan sighed again as he spoke.

"To put it bluntly, we... are a bit like the product OPEC - we don't even have any allies. We must promote globalization and break the Thucydides Trap by bundling with the United States to achieve a win-win situation. .”

"But in the long run, I am not optimistic about this relationship - no matter how much we give in, and the leaders there make such pleasing statements, the fundamental contradiction is unsolvable."

"This financial reform is only now finally being implemented and confirmed, and the same is true for the fundamental reasons."

"A few days ago, I met with big and small Morgan Stanley and Goldman Sachs. They all said nice things, but in reality?" Su Yuanshan raised the corner of his mouth: "Everyone knows that they are jealous of the domestic reform and opening up. The dividends over the years, especially the dividends from the development of domestic Internet technology companies.”

"But we have to let them in...what should we do? So there is only fair competition."

Su Yuanshan spread his hands and said: "But profit-seeking capital can leave the market directly when there is any trouble, but we cannot. Therefore, we must strengthen our beliefs."

Su Yuanshan looked at Zhao Yan as he spoke.

He saw that the young man was clenching his hands slightly and looking at him seriously.

Su Yuanshan smiled and said: "Always believe that the country under our feet will become strong and great again."

Qin Si also took a deep look at Zhao Yan and smiled sweetly: "Warren Buffett has a saying that he always keeps saying, never bet against your motherland."

Su Yuanshan smiled and nodded: "Yes, this is also what I admire about Buffett."

"Do you admire him?" Qin Si asked with a smile.

"certainly."

Su Yuanshan raised his wrist and glanced at it: "Let's go eat and chat while eating."

*

*

Along with the implementation of economic policies, the Shanghai Stock Exchange has also revised the relevant rules for the listing and delisting of companies.

For a time, countless companies, especially high-tech companies, submitted applications for listing.

But for discerning people, liberalizing capital and listing conditions are secondary. For the stock market, or listed companies, the biggest impact is on delisting conditions.

When everyone realized this, a strange scene appeared on the Shanghai stock market - the junk stocks that were pulled up by the bull market in 2008 were quickly sold off and returned to their original market value. At the same time, some "high-quality" stocks Start to continue to rise.

This up and down means that the stock market is moving toward health.

While stock prices fluctuated, the relevant regulatory authorities also resorted to magic weapons and began to liquidate companies that have been able to control the stock price at will by relying on a single document in the past few years.

Especially some companies that press the IQ of investors to the ground and rub them against each other, such as scallops running away and then coming back.

By the end of the year, the Shanghai and Shenzhen exchanges had directly delisted hundreds of stocks.

But investors were not panicked at all.

Because Alibaba, known as the number one Internet technology stock in China, has begun its IPO on the Shanghai Stock Exchange - this means that domestic Internet companies have shifted their listing destination from Nasdaq back to China.

*

*

"To be honest, serious illness really requires strong medicine. I have always said that the stock market cannot be moved. If it is moved, stock investors will cause chaos... What will be the result?"

On the roof of the Yuanxin Administration Building, Su Yuanshan crossed his legs comfortably and smiled at Duan Yongping beside him.

"The result is that all investors are represented by the void." Duan Yongping added with a laugh.

"Yeah - who would have thought that investors would applaud after the junk stocks were cleared?" Su Yuanshan looked at the door, nodding and smiling at Chen Jing who had just walked in.

"Who is applauding?" Chen Jing smiled sweetly and sat diagonally across from Su Yuanshan.

"We are talking about the attitude of stock investors towards domestic financial reforms in the second half of the year."

Chen Jing nodded and said casually: "Well, indeed, reform is long overdue."

As he was talking, people came to the roof one after another.

It is now the end of December, and this executive board meeting will be the last executive board meeting in fiscal year 2009.

Moreover, the content to be discussed by the executive board, in addition to summarizing this year's work, is also to discuss the listing issues of enterprises under the entire Far Core system.

——As the three giants of Yuanxin said, since the reform of the domestic financial system and the securities system have achieved initial results, the first choice for companies like Yuanxin with domestic roots to go public must be domestic.

After everyone arrived, Su Yuanshan looked at each other.

"Okay, let's have a meeting now."

Opening the document, Su Yuanshan coughed lightly.

"First we will make a brief summary of this year's situation."

“As of last quarter, our revenue has exceeded 200 billion U.S. dollars. And based on the horizontal growth rate of revenue in the first three quarters, this year our total revenue should exceed 280 billion U.S. dollars compared with last year. .”

"It's a pity that it didn't exceed 300 billion."

Seeing the regret on Su Yuanshan's face, everyone laughed.

——How ambitious does this have to be to think that 280 billion US dollars is a "pity"!

"But... the good news is that we have become the largest technology company in the world."

Starting from Duan Yongping, applause began to ring out. In just a moment, the applause resounded throughout the entire rooftop.

"But if we go by the outside world's characterization of us... we are still a little bit behind."

Su Yuanshan exhaled softly as he spoke, feeling a little regretful.

Everyone laughed.

If we follow the outside world's positioning of Yuanxin as a "Japanese-style consortium", then all Yuanxin-controlled companies here must be included in the entire system. And obviously...except for the main body of Yuanxin that is soaring all the way, other companies are still slightly lacking.

Moreover, Yuanxin's revenue has increased mainly because commercial 4G has been fully launched since this year.

As the company with the most 4G technology in the world and the company with the strongest technology monopoly, in the era of new communication technology changes, it will be a waste if it does not make money.

…

"Next, please ask Mr. Duan to introduce to us the specific situation of Yuanxin's various business promotions."

Su Yuanshan didn't do much ink after the opening, and directly handed over the meeting to Duan Yongping.

Immediately afterwards, Duan Yongping, as the person in charge of Yuanxin's overall business, began to summarize the business of Yuanxin's various departments and fully-owned subsidiaries.

Of course, in his mouth, today's summary was almost all praise.

——The whole world has begun to let go. If the business still cannot grow, then it is time to review.

“What I particularly need to mention here is Anxin Dairy.”

Duan Yongping glanced around and said with a smile: "Since the establishment of Anxin Dairy, the development in the past two years has exceeded our imagination. It is no exaggeration to say that the growth of revenue has reached a singular point - the last extreme year-on-year growth has exceeded our imagination. , revenue has increased tenfold. As of last month, Anxin Dairy's cumulative revenue this year has reached 80 billion yuan, becoming the largest brand in China."

Duan Yongping paused and said with emotion: "Even if we don't go public, just looking at the dividend investment return, our original investment return on Jule was ridiculously high... I don't know what it will be like after it goes public..."

"It's a pity that I'm not here." Chen Jing laughed and said, "I can't hear Mr. Duan's praise."

Everyone laughed again.

——Although Anxin Dairy is a holding company with a revenue of 80 billion yuan, due to its industry restrictions, Tong Enwen naturally has no chance to sit here.

What's more, none of the real entities here have revenue less than 100 billion yuan. Although the revenue of Internet companies is a bit lower, it cannot stand up to the high market value of others... For example, EM's revenue this year is only 50 billion, but because Weibo's influence on the entire network has gradually increased, EM's market value has surpassed Newbook. It has become the second largest Internet stock after eso.

After briefly summarizing, Duan Yongping ended the topic and finally handed the meeting back to Su Yuanshan.

"Okay, today we will discuss the international and domestic economic trends and possible risks."

Su Yuanshan raised his feet, spread his notebook on his knees, and looked at everyone.

"First of all, in the next five to ten years, the information industry will usher in a period of explosive growth - some Western scholars believe that this is the beginning of the next industrial revolution, but I do not agree. I think this is the third industry The most glorious afterglow of the revolution.”

"How to seize this afterglow and accumulate the power to break through the next industrial revolution is our most important goal."

Su Yuanshan looked at everyone and took a long breath.

This is the most important discussion today.