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Chapter 106 High level

Chapter 106 Very high level

He walked to Cao Haoxuan's door and knocked on the door. Cao Haoxuan, wearing pajamas with cartoon patterns on them, opened the door with eyes wide open, his face became surprised, and he said: "Uncle! You are back!"

Cao Zhiyuan said: "Going to bed so early? It's not like you. I remember that you like to stay up late..."

"Are you tired of reading? "Rong Zhai Essays" or "Zizhi Tongjian"?" Cao Zhiyuan walked into the study. There was a faint fragrance in the study. A huge bookshelf occupied an entire wall, and philosophy was placed in categories.

There are literature, history and other social science readings, as well as some popular science books. A huge "History of World Weapons and Technology" has 600 pages, and the binding and drawings are very exquisite...

Cao Zhiyuan opened a book on the table - Mankiw's "Western Economics", which surprised him and said: "Xiao Xuan, when did you start reading economics books?"

"Well, a friend wrote some insights about economics, but I don't understand... I just followed the pictures bit by bit to make up for it..."

Cao Haoxuan pointed to a letter on the desk and said.

Cao Zhiyuan picked up the letter with interest, turned around and asked, "Xiao Xuan, can I read it?"

"Although it is suspected of infringing on my privacy, I allowed it..." Cao Haoxuan said with a mischievous smile.

Cao Zhiyuan opened the letter carelessly. There was a vigorous and flavorful handwriting in his handsome handwriting. Cao Zhiyuan nodded slightly. As he looked at it, his calm face became dignified. Finally, he unknowingly took out a pen.

I started smoking...

He frowned, looking like he was thinking hard. Cao Haoxuan knew that his uncle never smoked much, and he would only smoke one unless he had very important issues to think about.

Cao Zhiyuan sometimes scanned the text line by line, sometimes stared at a few words and pondered patiently, and sometimes expressed an expression of sudden enlightenment. Unconsciously, the cigarette in his hand had burned out and burned his fingers, and he threw it out like a conditioned reflex.

Cao Zhiyuan was pushed to the forefront as a "vanguard of reform". Of course, his father Cao Pingchuan was in the military and the influence of Chinese politics also played a certain role. However, the most fundamental reason is that he knows economics very well.

He once worked in the National Planning Commission, and he was involved in the top-level design of several reforms of the Huaxia State. Several high-level intellectuals praised his insights on reform economics.

The words that can make this economic reform expert think seriously are definitely extraordinary insights.

I originally thought that the things Xia Xiaoluo wrote were very common things. Cao Haoxuan came over and said, "Uncle, what's wrong?"

Cao Zhiyuan didn't pay attention to him. He just kept looking at the thin letters, staring at them, muttering something in his mouth, and sighing softly...

Cao Haoxuan was also surprised. He did not expect his uncle's reaction. In his eyes, Xia Xiaoluo must be more informed and knowledgeable than the average person of his age, but he would not be able to be called a mountain in the economic field.

Beidou's uncles are all so thoughtful.

Cao Zhiyuan's eyes had not left the fragile pieces of letter paper, and he asked: "What does this friend of yours do?"

"Student..." Cao Haoxuan said.

"Oh? Student? Which school are you from? Central School of Finance and Economics or Guanghua School of Management? Is he a graduate student? Or a PhD? What's the name of his supervisor?"

Cao Zhiyuan, who has always been steady and dignified, threw out these questions like a barrage of questions.

"He is not a college student, he is a high school student, and he is still in high school... He is a student from the No. 1 High School in Luoshui County, our hometown. His name is Xia Xiaoluo."

"What!" Cao Zhiyuan's eyes widened. He sat slumped on the chair and shook the letter in his hand. "A high school student..."

He took a deep breath and said as if muttering to himself: "If a university professor can write such a thorough and clear paper, I can still accept it. How could it be written by a high school student? Put this article

Take out the paper and the Nobel Prize in Economics will all belong to us..."

He sighed and said: "Those PhDs and postdocs from the Provincial Government Policy Research Office can just pack up and go to the high school in our hometown to attend middle school!"

"Uncle, do you mean that his article is very good?"

"More than just good writing?" Cao Zhiyuan said with a solemn expression. "This article first analyzes the current situation of state-owned enterprise reform and points out that without changes in property rights, relying solely on some contracting and scientific management methods cannot truly achieve success.

Revitalize state-owned enterprises... Based on this alone, the ideas of this article are advanced and correct. The author proposes that to solve the long-standing problems of state-owned enterprises, we must establish the separation of government and enterprises, clear property rights, and clear rights and responsibilities.

, the modern enterprise system of management science, this recipe is so good..."

"However, he did not stop there, but went further and analyzed the possibility that in the process of state-owned enterprise property rights reform, without legal rules, state-owned assets may be sold at a low price and state-owned assets may be lost... You can see this

, there are only three people in China who can be so sober! Even the founders of our market economy, Professor Wu and Professor Li!”

"Having discussed this point, the height of this article is unprecedented. But he has not stopped there. He proposed that after the property rights reform of state-owned enterprises is completed and after the formation of new joint-stock enterprises, natural persons or private enterprises that occupy the status of major shareholders

Enterprises can form interest transfers through related transactions, thereby hollowing out state-owned enterprises! Because the premise of our proposal of property rights reform is that we hope that private major shareholders can fulfill their responsibilities of supervising professional managers and safeguard the interests of all shareholders. But in fact, major shareholders

The interests of small shareholders, that is, the owners of state-owned assets, may conflict with the interests of the entire people.”

At this point, he slammed the table and said: "This article is of great significance, and the economic ideas permeated in it are very advanced, and every word of it can be said to be precious!"

Seeing his uncle, whom he always respected, praising his friend's article, Cao Haoxuan was stunned.

Late at night, Cao Zhiyuan, who was extremely tired, showed a smile that he had not seen for a long time. The problem that he had been puzzled by recently, after Xia Xiaoluo's article, suddenly became clear to him, just like the clouds were cleared and the sun appeared.

He went on to sigh: "The article then raised a sharp question. He said that the extremely dispersed shareholdings of publicly held companies in the United States are essentially the same as those of China's fully-owned enterprises, but the United States can use severe penalties to suppress the stock market.

Stock price changes, option incentives and other means motivate and constrain professional managers. Therefore, professional managers will maximize the interests of shareholders as their business goal. In fact, our state-owned enterprise directors should have the same responsibilities as professional managers, but they do not have these

If they are constrained, they will of course be passive and sabotage, resulting in various moral hazards. The selection of professional managers uses administrative appointments instead of shareholders' voting with their feet, which cannot reflect the increase or decrease in shareholder value. Of course, excellent professional managers will not be selected.

Maintain and increase the value of state-owned assets..."

Regardless of whether Cao Haoxuan understood it or not, he said with bright eyes: "This article uses the vertical comparison of state-owned enterprises before, during and after the reform of property rights; it also uses the equity structure of enterprises in different countries in China and the United States as the latitude to make a horizontal comparison.

Compare...tsk, tsk, uncanny craftsmanship, and a commanding position..."

He gave Cao Haoxuan a meaningful look and said, "Xiaoxuan, is this really written by a high school student?"

Cao Haoxuan said: "Why are you lying to you? He actually wrote a few poems... one of them is called "Self-mockery"..." As he said that, he read out the poem that Xia Xiaoluo had read.

"He is truly a once-in-a-century genius!" With the facts before his eyes, Cao Zhiyuan couldn't help but believe it, "Have you ever shown this letter to anyone else?"

"No. This is a private letter...how can I show it to others?" Cao Haoxuan said.

He let out a deep breath, then naturally put the letter paper into the envelope, put it in his pocket, and walked out the door, saying: "Xiao Xuan, go to bed early!"

Cao Haoxuan was stunned for a moment, grabbed his uncle's arm and said, "Uncle, you actually robbed me openly? You can't do it, or the governor?"

Cao Zhiyuan chuckled and said, "Let me watch it for two days!"

"I want to borrow it to watch, you said it clearly...how can you do this?" Cao Haoxuan rolled his eyes at him. "How is this kind of behavior different from a rogue?"

Cao Zhiyuan said very depressedly: "I'm afraid you won't borrow it! Okay, I'm going to rest, and I'll return it to you after reading it!" He walked away with the letter as if he had found a treasure.

The next day, as soon as Cao Zhiyuan returned to Zhongyuan Province, he asked his secretary to print out the letter, and then called together several doctors and masters from the Policy Research Office and said: "You study hard, and then expand and expand, one

It was written by a high school student, let’s see how good it is.”

The doctors screamed after reading this article, with longing expressions on their faces, and couldn't help sighing. They said to themselves that Vice Governor Cao's trip this time was really not in vain. It must be the real thing bought from the experts of the State Council!

………………

After a class, Xia Xiaoluo and class teacher Yang Jingchu stood in the corridor on the second floor chatting. In front of them was a tall sycamore tree. The leaves had fallen off, leaving bare branches shivering in the breeze, which made people feel

Desolate and lonely.

The air is dry and the air in late autumn is extremely cold.

The students downstairs were surging like a tide. Tang Ningye was playing badminton with her classmates downstairs. The badminton was flying around in arcs in the air.

Xia Xiaoluo had a faint smile on his lips and said, "Teacher Yang, would you like to discuss something with you?"

Yang Jingchu smiled and said, "What bad ideas do you have?"


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