Rebirth: The Financial Giant

In the afternoon, Tiansheng Capital Headquarters, Chairman’s Office.

Please come in!

Lu Ming responded when he heard the knock on the door, and Han Qiulin entered the office, Our public opinion monitoring department found that there were a large number of voices attacking the 'Qixian Model' today. However, no heavyweight media has come down to participate yet. They should all be waiting and watching. , dare not take a stand easily.

Hearing this, Lu Ming smiled calmly and said: The major newspapers are cautious after all. How can they attack those who have already spoken out?

Han Qiulin said succinctly: To criticize the Qixian model of mixed reform and restructuring is that the more changes you make, the more you go back. They say you are reversing the direction of history. There are also some scattered voices that attack you personally, saying that you are going back. Invite the people to buy hope, and skillfully build a golden body.

Hearing this, Lu Ming couldn't help shaking his head and laughing, and immediately said: We can't ignore this kind of thing, but we can't take it too seriously either. We can't throw away the high points of public opinion. We have a group of 'professional online trolling teams', right? Just let them go online to fight with these people. To put it more lofty, just go and debate with them.

Han Qiulin nodded.

At the moment, Lu Ming is concerned about an important meeting tomorrow. He had already sent out invitations last weekend, asking some people in the industry to come to the company to sit down and chat.

…

Around 10 a.m. the next day, many new faces came to Tiansheng Capital. The heads of 200 institutional investors and personnel from several securities firms such as Cailian Securities came at Lu Ming's invitation.

In a multimedia conference room inside the company, Lu Ming gathered with more than 200 outsiders attending the meeting. Among them, many old friends from Tiansheng Capital came. The one who gave Lu Ming the most face was undoubtedly Chaoyun Trust. Lin Qiang had a fight with Wang Yue of Wanxiang Group, and the boss flew all the way over to support him in person.

At this moment, more than two hundred participants in suits and leather shoes were seated. Lu Ming was standing on one side of the large conference screen, holding a small remote control in his hand and pacing back and forth in front of the screen.

First of all, thank you very much for coming to support us. I won't say too many polite words. In today's era of excess financial capital, to be honest, it is nerve-wracking to find a place for capital to live.

Lu Ming looked at the crowd and smiled and said: Actually, I wanted to invite you all to come over and have a chat a year ago, but at that time the Qixian model was unclear. Now the Qixian model is basically a path to success, so I have the confidence to invite you. Guys, come over and have a chat.”

Everyone was quite surprised when they heard it. They had received an invitation letter from Lu Ming earlier, which hinted at something good. Everyone rushed over happily when they saw it. Is this the good thing that they dared to hint at?

At this time, an institutional investor said: Mr. Lu, to be honest, we have also been focusing on the Qixian model during this period. We sent people to investigate the day before yesterday. It is true that the Qixian model is successful from the current perspective. Last year GDP has grown at a rate of more than 13 points, but the success of Qixian County alone is still not enough to explain everything, right? There are too few data samples to allow further analysis.

The success of Qixian still cannot prove the success of the Qixian model. Is Qixian's success a coincidence or due to the competitiveness of the model itself? The most important thing is whether this model is universal? This may require Put a question mark!

Lu Ming crossed his arms and looked at the investor who spoke, nodding silently.

After a while, the investor added: Moreover, before 2005, the upper management placed the responsibility for 'agriculture, rural areas and farmers' investment on the county level. But at the county level, especially in rural areas and counties, they are generally poor and have financial difficulties. In a serious recession, or even a deficit, it is difficult to shoulder the investment responsibility in rural areas, which is a bottleneck. So the question is, how can we effectively alleviate rural financial investment from becoming a bottleneck restricting rural development?

Lu Ming, who had his arms crossed, put down his hands, looked at the other party and said, Good question. So we saw that the national strategy for new rural construction in 2005 was put forward, and the upper levels clearly required that the investment responsibility for 'agriculture, rural areas and farmers' be raised from the county level to At the national and provincial levels, from then until now, at least tens of trillions have been invested in it over the past decade, a considerable part of which has been invested in productive infrastructure construction, forming huge assets. The starting point for asset size is RMB 20 trillion and upwards.”

At this time, a middle-aged man sitting on the left side of the conference room immediately said: Mr. Lu said that this asset starts at 20 trillion. It is true, but the trouble is that the villagers in the countryside are highly dispersed and lack the ability to do so. It is the carrier that carries these investments, so these investments are basically made by departments.”

For example, the Highway Bureau built roads in the countryside, creating huge road assets, but the bill is with the Highway Bureau; the Water Conservancy Bureau built a river in a village, the Tourism Bureau built various facilities in the countryside, and the investments of various departments in the countryside are the last. It all becomes a sunk cost.”

The previous investor immediately continued: Mr. Liu is right, I completely agree, because the departments are all in the city, and the facilities you invest in the countryside and villages become unmanageable, poorly managed, and As investors, we obviously cannot afford such sunk costs for assets that are uneconomical to manage.”

Everyone at the meeting couldn't help but nod their heads. This kind of thing is basically done by the state, and private sector capital is definitely not willing to come.

Everyone looked at Lu Ming, who said in an orderly manner: In fact, it is not that there is no investment in the countryside, nor is it that there is little investment. The country has invested so many trillions, and now what we have to solve is how to put the country's The realization of tens of trillions of sunk costs represents a huge opportunity.

Mr. Wei just said that it is not cost-effective to manage it if it cannot be managed, it cannot be managed well, and it is not cost-effective to maintain it. For example, if a flood comes and washes away the river you built, the local villagers will never repair it themselves. Get up, I must be looking for you. You can repair it for me. This is your business. Although this river belongs to our village collectively, we have been building the river for generations. Now that you have taken care of it, it is yours. It’s your fault that something is wrong with this river, and you have to take care of it.”

Similarly, for example, there is a problem with a power grid transformer. I'm sorry, but that is the matter of the Electric Power Bureau. The villagers will not be motivated to maintain the asset accordingly. It is impossible to repair or take care of it. Village cadres I don’t have the motivation because it’s not his.”

The crux of the problem is 'not his'. It's not that they don't have the ability, but because they don't have a sense of ownership. They can only turn 'not his' into 'it's his' and at least part of it is his. Only then does he feel like a master, so he can naturally manage things well, manage them well, and manage them cost-effectively.”

Lu Ming pressed the small remote control in his hand and turned his attention to the large conference screen. Lin Qiang and others present also looked at it.

The big picture on the screen is about the restructuring information of Qiming Fubon. Everyone knows this company. It just went public yesterday. Today is Tuesday, and it is around 10 o'clock in the morning. Qiming Fubon continues to top the market today, and its stock price It hit 6.70 yuan per share, with a total market value of 20.1 billion yuan.

Lu Ming withdrew his gaze and added to the attendees: The solution is the Qixian model!

…