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Chapter 1124: The profound Xie Yiwei

Due to the actions of the Securities Division, Third Securities Company began to look for countermeasures, and other domestic securities companies did the same.

Although there were laws and regulations related to securities trading in the Tang Empire in the past, and there were quite a lot of them, securities trading was a new industry after all. Except for Li Xuan, who knew a little about it, this was their first time for everyone else in the empire.

, even if we pay attention to new affairs, it is inevitable that it is not perfect.

Businessmen have always been relatively shrewd, especially those in the financial industry who deal with money. They spend all day thinking about how to take advantage of loopholes to make more money. Therefore, many previous securities-related laws cannot stop them from making a fortune.

pace of.

This is also an important reason why the Imperial Securities industry has developed rapidly in recent years, with a rapid explosion of employees and full of myths of wealth. Of course, behind this prosperity are countless retail investors and small institutions who have been deceived.

In this kind of barbaric growth environment without many rules, the parties that can make a profit and make a lot of profits are always those large and powerful institutions.

Third Securities Company is the representative of these large institutions!

Although Third Securities Company is a wholly-owned enterprise under the Royal Assets Division and has a close relationship with Royal Bank, in the final analysis it is still a commercial company guided by the pursuit of profits.

Although the profits earned belong to the company, the senior executives of these companies have high annual salaries and various bonuses and dividends. Even if it is for their own income, they will find ways to earn more money.

Tian Ping is such a first person!

He was originally arrogant, but in the past two years he has come to realize the reality. He has no interest in being an official, nor does he have the talent. That profession is more difficult for him than studying economics.

It was impossible for him to stay in the Economics Department of the Royal Institute of Technology and devote himself to studying economics, because he was persuaded to quit!

Now, he has also found a new direction in his life, which is to build a huge securities empire, covering the financial industry of the empire. Well, in the process, he also earns enough wealth for himself.

So at today's meeting, Tian Ping came up with the overall strategic plan of Third Securities Company. Although this plan was made possible by the advice of several classmates and friends who are currently studying or teaching at the Royal Institute of Technology and who were close friends with him in the past.

, but he himself also put a lot of effort into this.

What kind of plan is this?

It’s not about how to scheming with the securities office and taking advantage of loopholes!

The Securities Department is a central agency, and it is in charge of securities affairs. If you go against them, it will be the securities company that will die, and it will definitely not be the Securities Department.

So this plan is actually a business adjustment plan for Third Securities Company!

Tian Ping has no intention of going against the Securities Department. He is planning to lead Third Securities Company to develop new business directions!

Nowadays, Third Securities Company is engaged in very similar business to many domestic securities companies. Its main business is divided into two categories. One fund is basically to attract customers, let them invest their funds, and then they carry out operations.

One invests in the stock market and collects handling fees and commissions. The other acts as an intermediary, allowing customers to open accounts in their own securities companies for transactions, and then matches transactions and collects handling fees.

But now, Tian Ping feels that such a single business model is too simple. When everyone is playing this way, it is difficult for Third Securities Company to have a unique advantage.

Therefore, he is preparing to open other businesses!

Based on discussions with several classmates and friends from the Department of Economics, he initially formulated several plans, mainly focusing on non-bank financial businesses.

According to imperial financial laws, banks and securities companies must be separated. At the same time, the scope of business engaged in by banks is strictly limited, and this also gives securities companies other living space.

For example, venture capital, financing, etc., are all high-risk investments. In order to protect the safety of depositors' funds, banks are not allowed to engage in these high-risk businesses.

Therefore, Tian Ping is prepared to take this path!

Then there is a new business direction, which is to undertake the listing of enterprises!

According to Tian Ping's research, if domestic companies want to go public at present, they basically prepare themselves and then go directly to the exchange to list. However, even if they are listed, how much the stock can be sold depends on how much they can sell.

Character.

Nowadays, the domestic listing requirements for enterprises are not very high. The listing conditions of the two major domestic exchanges, Guangzhou Exchange, are relatively loose. They only require complete accounts and a complete shareholder structure, but there are no clear requirements for profitability, and then

It can be listed, and in fact most domestic companies are listed on the Guangzhou Stock Exchange.

Therefore, the quality of companies listed in Guangzhou also varies. Although there are many companies, their actual total market value is not high.

However, the Shanghai Stock Exchange is much stricter because it requires companies applying for listing to make profits for three consecutive years and has clear requirements for company assets. Those with fixed assets of less than 100,000 taels of silver are not allowed to be listed.

These two items alone are enough to shut out more than 99% of domestic enterprises!

Even if the companies that can be listed on the Shanghai Stock Exchange are not large companies, they are still medium-sized companies with a market value of hundreds of thousands of taels.

The most famous among them should belong to Datang Western Company, with a market value of more than 60 million taels!

Then some companies controlled by the Ministry of State-owned Enterprises are also listed here, but they are mainly non-military companies.

In addition to royal companies and companies under the Ministry of State-owned Enterprises, there is another major category of companies listed here, and that is companies controlled by consortiums!

The consortium mentioned here does not refer to a certain family or the like, but specifically refers to a company formed by wealthy people in a certain industry or a certain region who join forces to compete.

The most typical one is Zhili Textile Bank. The equity structure of this bank is quite special. Except for the stocks circulating in the secondary market, all the stocks of this bank are controlled by institutions and are not held by individuals.

stock situation.

A total of twenty-six institutions hold 70% of the bank's shares, and each institution's shares are not large, only a few points. Then these shareholding institutions are each owned by several wealthy people.

Family holdings.

And these rich people, without exception, are businessmen engaged in cotton and silk-related industries in the Jiangnan area.

In other words, this bank is actually a bank jointly established by textile merchants in the Jiangnan area. Its purpose is very simple. It is not to compete with other commercial banks such as Royal Bank, but to provide financial support for themselves.

Later, the scale of Textile Bank became larger and larger, far beyond its original positioning.

It is estimated that those textile merchants did not expect at the time that the Textile Bank they built would become the second largest bank in the country after the Royal Bank. They could make more money from this bank alone than from the textile industry alone.

It can also be seen from the Zhili Textile Bank that the companies listed on the Shanghai Stock Exchange are basically large companies with deep backgrounds.

However, Tian Ping also knows that the Securities Office is planning to raise the threshold for listing, prevent risks, control market heat, and maintain healthy financial development. What does this mean? This means that the standards for listing will be greatly increased in the future, and companies that want to go public will face difficulties.

more difficult.

By then, professional companies like our Third Securities Company will be able to show their value!

Helping companies go public and underwriting their stocks is not an easy way to make money.

Tian Ping plans to develop new business directions for Third Securities Company to avoid the risks caused by the turbulence of the securities market. Most other securities companies are doing the same, but their methods are different.

Chen Lifu didn't care too much about the turmoil in the securities market. He was too lazy to pay attention to the ideas of those securities traders. What he wanted was the stable development of the securities market!

The two investigation teams squatted in the exchange every day, and Chen Lifu himself led the people from the securities department to check the weight of the papers every day, and then began to formulate a new securities management plan.

When he completes this plan and starts to push for the formulation of relevant laws and regulations, it will be the time for a major reshuffle in the domestic securities market. By then, I am afraid that the flow of assets of millions or even tens of millions of taels of silver will be affected.

When the time comes, Chen Lifu will have the opportunity to escape from the turbulent and turbulent place of the Financial Department with this recruitment.

To be honest, Chen Lifu has only been working in the Finance Department for two months, but Chen Lifu is already tired of the Finance Department. This shabby place is not a place to work at all. What's more, he has greatly offended the Ministry of Finance.

Ruan Gao, Minister of the Song Dynasty.

But Chen Lifu wanted to work quietly and then find connections to transfer him away from here, but Xie Yiwei approached him instead.

When Xie Yiwei called Chen Lifu to the office, Chen Lifu thought it was just routine matters, but he didn't expect that Xie Yiwei acted like a big brother when he came in, and even poured him a cup of tea himself.

Li Fu felt something was wrong.

Sure enough, after the two sat down, Xie Yiwei's words made Chen Lifu frown.

Xie Yiwei said at that time: "Brother Chen, I have long heard that you were highly valued by Mr. Qian when you were working in the Inspection Office, but I didn't expect that you have such an important weight in Mr. Qian's heart, and this is why I am so respected.

Bian Lai said he wants to transfer you back to the tax department!"

Qian Zuoli wants to transfer himself back to the tax department?

real or fake?

If it's true, then why? You value yourself, nonsense. Now Qian Zuili probably wants to kill himself. In order to protect himself, he made a trick and impeached Qian Zuoli and Song Ruangao.

,Well, if it weren’t for this matter, Xie Yiwei would not be able to become the director of the Department of Finance.

Now Qian Zuoli wants to transfer himself back to the tax department?

At this time, Xie Yiwei said: "So, I want to hear your thoughts!"

Chen Lifu's memorial to impeach corruption within the Department of Finance and the inability to use strong medicine is not a secret at all. Maybe ordinary people outside are not aware of it, but it does not mean that it is not clear within the officialdom.

This chapter has been completed!
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