Rebirth 76: Industrial Internet Empire

Lin Xi also poked her head over curiously, wanting to see what major news was written in the newspaper that could restore Yang Mo's fighting spirit?

Sing Tao Daily published a brief notice in a prominent position: Recently, the Ministry of Finance of Japan promulgated the revised "Foreign Exchange Law". The new version of the "Foreign Exchange Law" has eliminated restrictions on foreign investment in the Japanese stock market, and the proportion of foreign shareholding will be significantly increased.Affected by this news, the Nikkei 225 index reached the 6000-point mark in one fell swoop.

After reading this text message, Yang Mo's eyes had regained their vitality. He looked at Lin Xi and Guo Kexin and said, "What do you two think?"

After thinking about it for a while, Guo Kexin said: "I think the Japanese stock market is at a high point right now. In the past three and a half years, the Nikkei 225 Index has climbed from 75 points in 3657.82 to 6000 points, an increase of 64%. If we It’s not a particularly good time to enter the Japanese stock market.”

After following Yang Mo, Lin Xi deliberately learned about some financial businesses and had a corresponding understanding of the stock market. However, in front of Guo Kexin and Yang Mo, she was obviously not confident enough and said a little hesitantly: "I think now I am a A good opportunity. Although the Japanese stock market has risen by 64% in less than four years, it has not risen much compared to the high of 74 points at the end of 5200. Japan's economy has developed rapidly in recent years. During the second oil crisis, Against this background, the inflation index continues to decline, surpassing Germany in one fell swoop and becoming the world's largest trade surplus country..."

Yang Mo nodded approvingly: "I agree with Lin Xi's point of view. In January 1975, after the Japanese inflation index dropped to 1%, the Nikkei index began to bottom out. In the past year, the inflation index was only 16.8%. Japan The inflation caused by economic overheating has been safely overcome. The revised "Foreign Exchange Law" has completely lifted the restrictions on foreign investment in the Japanese stock market and bond market. The Bank of Japan's deposit and loan interest rates have also been lowered, which has ushered in major benefits on both the policy and financial sides. , listed companies, including automobiles, biopharmaceuticals, chemicals, mechanical electronics and other sectors have performed well, so now may be the best time to enter the Japanese stock market!”

"The next step for Zongheng Investment will be to focus on the Japanese market?" Guo Kexin asked.

Yang Mo pondered for a moment and then said: "Most of Zhiyuan's funds will be invested in the mainland market in the past year. How can we raise more funds?"

"The problem of raising funds is not that big. So far, Zongheng has issued a total of three closed-end funds totaling HK$6000 million. Because the book surpluses in the first two periods basically exceeded 100%, the No. [-] fund invested by Zongheng has been popular in the market. "There are many private transfers at a premium. If we launch a radical investment fund now, it should be very popular!" Guo Kexin replied seriously.

Yang Mo nodded: "Kexin, please ask someone to write a radical fund raising plan. The main investment directions are: New York, London, Frankfurt, Paris, Japan, Singapore and several major stock markets and futures markets. Annual profits below 5% are exempt. Service fee, the percentage of service fee increases step by step according to profitability.”

"What about the fund size?" Guo Kexin asked.

Yang Mo thought for a while and then replied: "You and Lin Xi should discuss this. The more the better, within the scope allowed by financial regulations."

After Yang Mo finished speaking, he turned to look at Lin Xi: "I also need a professional lawyer who is familiar with Japanese and Hong Kong financial regulations, as well as capital operations, equity structure, and equity financing, and meet with me as soon as possible..."

The steel plant investment plan was stranded, forcing Yang Mo to find another way. At this time, he suddenly saw the revision of Japan's "Foreign Exchange Law", which was like a pillow sent to him while he was dozing.

Yang Mo's doctoral thesis is about Japan's financial crisis that has set back 30 years. From the perspective of financial bubbles that flooded manufacturing funds, Yang Mo deeply analyzed this financial feast from a national carnival to the collapse of the financial system. Cause and effect...

Yang Mo still can't understand the scene where Japanese investors are crazy about Nippon Telephone Company (NTT) stocks. The issuance price during the IPO has reached a terrifying 110 million yen per share. Such an astonishingly high valuation is still happening again after the listing. It increased three times, and the market value reached its peak at a staggering US$3 billion. One company was worth more than the total market value of all listed companies in Germany at that time.

"If God wants to make people die, he must first make people crazy" has been perfectly verified in this financial crisis. At this time, there is no need for any hype logic, because the leeks are already crazy...

Li Yaozu is a senior partner of Qingshan Law Firm and a good friend of Lin Xi's father, Lin Jianshan.

Yang Mo asked straight to the point: "Mr. Li, if I need several investment entities in Europe, America or Japan, and if I don't want others to know the relationship between these companies and Zhiyuan, how should I solve the problem?"

Li Yaozu replied: "This is not difficult. You can first register several offshore companies in the Virgin Islands or Cayman Islands, and then use these companies to acquire some local shell companies and cross-shareholding with each other. If you need to further conceal the information of major shareholders, You can also sign an equity holding agreement."

Yang Mo pondered for a moment and then asked: "Are there any legal risks in the equity holding agreement?"

"Of course there will be some risks, but as long as we avoid them in advance and plug any loopholes that may arise, there should be no problem." Li Yaozu replied.

Yang Mo nodded, and then asked: "Mr. Li, are there any legal restrictions on corporate bonds issuance in Hong Kong?"

Li Yaozu thought for a while and then said: "The net assets of a joint-stock company shall not be less than 3000 million Hong Kong dollars, and the net assets of a limited liability company shall not be less than 5000 million Hong Kong dollars before it can issue bonds. The total amount of bonds issued shall not exceed 40% of the company's net assets." , and the average distributable profits in the past three years are sufficient to pay the interest in the first year of the company's bond issuance. Enterprises that meet the above conditions can entrust banks or securities institutions to issue corporate bonds. If they are unable to repay the principal and interest when due, the issuing institution will recover the repayment on their behalf. !”

Yang Mo couldn't help but frown. Zhiyuan Steel Company's net assets are average. How many corporate bonds can it issue?It would be better to directly use equity and bank financing...

Li Yaozu continued: "Mr. Yang, because the inflation index remains high, in order to curb the overheating of the economy, the benchmark interest rates for deposits and loans have been adjusted many times. The financing costs are extremely high. The annual interest rate for five-year fixed deposits is as high as 6.5%, and the loan interest rate is even more than 10%, second only to the 10.5% in the United States. As your legal advisor, we do not recommend that you raise funds through the issuance of corporate bonds..."

Yang Mo said in surprise: "Do you have a lower-cost financing method? Please give me some advice from Mr. Li!"