Rebirth: The Financial Giant

Weekend morning.

An Yirou has returned to Ningzhou from Qixian and is currently discussing some work issues in Qixian with Lu Ming in the living room at home.

When I visited Xiaqi County this time, I found that there are many departments and agencies that should not exist. Excessive personnel appointments and dismissals have pushed up the overall management costs a lot. Maintaining normal operations consumes huge expenditures. Should we consider downsizing them? What about some personnel? In theory, maybe a 30% reduction is more than enough.

Upon hearing her proposal to cut staff, Lu Ming denied it without hesitation: No, you must not cut people randomly, it will only lead to more reductions.

An Yirou looked at him in confusion.

Lu Ming glanced at her, saw her confused look, sighed, and then explained the key points to her in an orderly manner: Counties are often a society of acquaintances, and relationships are deeply rooted in people's hearts when doing things. Once there is a large-scale reduction, it will definitely be done specifically to reduce the number of people. Get rid of those people who have no background, don’t care, can’t flatter people, and just work stupidly.”

After a moment of pause, Lu Ming said in a deep voice: The ones left behind are those with backgrounds, connections, those who can fart rainbows, and those who can do everything but can't work.

Xiao Anan was confused for a moment: Huh? This...

Lu Ming said calmly: When those people who are so stupid that they only work dully are laid off, you will find that the remaining people who don't work still don't work, so you find that no one works anymore, We ran out of manpower, so we had to re-recruit people in large quantities. The end result was that the number of people was increasing as the number of people was reduced. Especially after cutting off the experienced people who were familiar with the business, we had to recruit a few newbies to be able to withstand the situation. This is typical lean and bloat.”

An Yirou couldn't help but ask, Are those who don't work just watching him not working, and even causing trouble for you and being indifferent?

Lu Ming smiled and said: It doesn't really matter whether they do something in reality, but if they don't do something, they should at least pretend to be working hard, and those who are blatantly incompetent must be removed, but what's more important than that is to remove those who just don't do anything. We know that people who work stupidly will be promoted, and after they are promoted, people who work stupidly will gradually stop working, so management costs will definitely increase.

An Yirou spread her hands and said, What should we do?

Lu Mingyan said concisely and comprehensively: Two points. The first point is to expand the denominator. All contradictions are not contradictions in the increment; the second point is to control the speed of management cost expansion. You cannot expect it to shrink.

As the denominator expands, the proportion will naturally shrink. Controlling the speed of expansion means exchanging time for space. As long as it is not disordered expansion, it is reasonable. However, layoffs are definitely not possible and will only lead to more layoffs.

Lu Ming paused, and then added in a deep voice: Our employment orientation can be said in one sentence. Let those who are willing to take on responsibilities and willing to do things have opportunities, let those who dare to take responsibilities and know how to do things have a stage, and let those who can take on responsibilities and do good things have opportunities. Applause, don’t let honest people suffer, don’t let those who take responsibility be disappointed, don’t let devotees feel disappointed, we must unquestionably adhere to this employment orientation.”

Regarding the matter of layoffs, after Lu Ming set the tone, An Yirou skipped this matter and talked about another important matter in Qixian County, which was that the first company in the county went public in Big A and had already re-listed. It’s been more than a year and a half.

Qiming Fubon's mixed-ownership reform has been completed. Take a look at these documents. An Yirou went to bring a document to Lu Ming, who took it and opened it for a general reading.

Another major task of the Science and Livelihood Fund during this period is to integrate the core assets of Qixian County for mixed-ownership reform and reorganization. Many of the foundation’s management members previously worked at Tiansheng Capital and are good at finance. It is a basic operation, and it is natural to use financial capital to serve the local area.

This mixed-use reform and reorganization is the merger of four major local companies in Qixian County, one engaged in interior materials, one engaged in home furnishing, a local cement factory, and a goose industry company. The top-level design after the merger and reorganization adopts a dual-class shareholding structure. The four major companies serve as wholly-owned subsidiaries of the newly established Qiming Fubon.

In addition, Qiming Fubang also includes the mountains, rivers, fields, forests, lakes and grasslands on the land of about 300 administrative villages or natural villages in 5 towns and 13 townships in the county. The professional evaluation agency under Tiansheng Capital will value these ecological resources. After the valuation is carried out, each major village takes its new collective economy as the main unit, packages and values ​​the mountains, rivers, fields, forests, lakes and grasslands it belongs to, and then uses 49% of the proportion to participate in Qiming Fubon and become its shareholder member.

The village collective's ownership of local mountains, rivers, fields, forests, lakes and grasslands cannot be less than 51%.

When other rating agencies come to engage in this matter, the locals really cannot believe it and worry that the actual value of ecological resources will be deliberately underestimated. However, Tiansheng Capital is different. People in Qixian County now know about Tiansheng Capital and the Science and Livelihood Foundation. The top leaders of the company are all Lu Ming, and Lu Ming himself is from Qixian County. The local people naturally trust him, so they give full power to Tiansheng Capital for evaluation and pricing.

As a result, people in about 300 villages in 5 towns and 13 townships in Qixian County have a sense of ownership of Qiming Fubon and are one of the owners of the company.

Qiming Fubon is controlled by the local state-owned assets office of Qixian County, accounting for 34.9% of the shares and is the largest shareholder. However, Qixian County’s finances cannot withstand it. Fortunately, the Science and People’s Livelihood Foundation has money and directly purchased the local bonds issued by Qixian County. After raising funds, the four major enterprises will be nationalized.

As for the bosses of the four major companies, after the mixed-ownership reform and reorganization, they received money to hand over control, and then were hired back to continue running their respective companies. At the same time, in terms of remuneration, they could choose between high salary and options.

Anyway, you can't get high salary and options at the same time. In the end, the four bosses all chose to get options, and the annual salary was a symbolic RMB 1. Anyway, they already received a huge amount of cash after transferring the company shares to the local state-owned assets office.

As a result, the four major local enterprises became local state-owned enterprises after the mixed reform and reorganization. Qiming Fubon has also become a large group above designated size and the largest local enterprise group. More importantly, Qiming Fubon after the mixed reform and reorganization Fubon has become collectively owned by 390,000 rural residents in Qixian County, as villagers from 5 towns and 13 townships in the county have become shareholders.

This time during the survey in Qixian County, people in the city still strongly opposed Qiming Fubon's mixed-ownership reform, and clamored to get back their rural household registration. An Yirou said, because Qiming Fubon's mixed-ownership reform is very important. Overall, rural people participate in the new collective economy as the main unit, so it has little to do with urban households, but it is precisely because of this that they are anxious.

Hearing this, Lu Ming closed the materials and said calmly: They are not greedy enough. They have reaped the development dividends of urbanization over the years, and there is no objection from the farmers. How can they still want to compete with them for profits? How can it be such a good thing? Farmers in the past Decades of urbanization have given us enough sacrifices, and it’s time to compensate them.”

Qixian County currently has a population of 460,000 people, of which the county town has a population of no more than 70,000, and the rest are rural residents.

Among these 70,000 people, they saw that Qixian County was undergoing earth-shaking changes, and they realized that the urban household registrations that used to be valuable were no longer valuable, but the rural household registrations had become extremely valuable, and many people in Chengdu were constantly running to ask for help. Guanxi, in order to regain rural household registration.

A new saying has become popular in the local area. City people have become migrant workers. When you work in a factory, your colleagues from the countryside next to you will not only get the same salary, but they are also the owners and shareholders of the company and can share in the company's surplus value. And you are a worker through and through, you only get wages.

Many urbanites cannot accept such a change, especially those who have just transferred from rural to urban hukou. They are extremely popular and are also the most troubled group.

But it's useless to make trouble. The current trend is that it is easy to transfer a rural household registration to an urban household registration, but it is almost impossible to transfer it back.

However, it is worth mentioning that the most important reason why Qiming Fubon incorporated four major local enterprises during the mixed-ownership reform and reorganization process was to be listed in Big A. The original intention was to integrate 13 towns in 5 towns in the county. The township's ecological resource value assets can be quantified as shares, but this will not allow it to be listed on Big A in the short term.

The four major local companies actually have the threshold to go public. Three years ago, the bosses of two companies wanted to go public. However, there are many companies waiting in line to be listed in Big A across the country. A large number of companies are queuing up. It hasn't been my turn for several years.

However, these companies in Qixian County have no connections or connections in the capital market, and they are not particularly outstanding themselves. It is useless for a few bosses to break their legs, and they are not familiar with anyone and dare not manage them randomly. In short, the road is too narrow. If you want to apply for an IPO in Big A, you have to wait in line for three years. After three years, you may not be able to pass the approval of the China Securities Regulatory Commission, and even after three years, you will basically not be able to get it.

However, with the arrival of the Science and Livelihood Fund and the arrival of the behemoth Tiansheng Capital, it will be different.

Tiansheng Capital itself is not a securities company, but it just said that it would integrate a company in Qixian County to list a company. Upon hearing the news, several securities companies such as Cailian Securities immediately came over and offered to provide listing guidance and joint underwriting for Qiming Fubon.

There is more or less sophistication at work here. After all, anyone who has had contact with Lu Ming now knows that Qixian is his hometown. It is something that most netizens know. This can be regarded as Qixian. Invisible unique advantages.

If mixed-ownership reform and reorganization were not very time-consuming, just assessing about 300 villages in 5 towns and 13 townships would have taken several teams of people for about a year. If it were just the reorganization of the four major enterprises, maybe last year It has been listed on Big A in October.

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