Chapter 652 [The huge scale of fifty trillion from the bottom]
In today's meeting, Lu Ming invited Lin Qiang and other investors representing the capital market to discuss this matter together, in order to provide financing for the future promotion of the "Qixian Model". Tiansheng Capital does have money, but Tiansheng Capital alone is not enough.
, even if the whole family can do it, they can’t do this.
Lu Ming looked at everyone spreading their hands and said: "Now we don't need mixed-ownership reform. State-owned enterprises are required to combine their assets with private capital to improve their so-called management efficiency. Then why can't these assets invested in rural areas be turned into rural areas?"
Collective assets? The upper levels must carry out the 'three changes' reform and promote the reconstruction of a new rural collective economy..."
Having said this, Lu Ming pressed the small remote control again. The conference screen showed a set of puzzle pieces, including the mountains, rivers, fields, forests, lakes, grasslands and some rural infrastructure in some rural areas of Qi County.
Lu Ming further said: "These assets are originally within the scope of the village collective. As everyone knows, if all village collectives are bounded by administrative villages, they will use the area of administrative villages as the boundary of property rights. As long as they are within this
Within the geographical scope, all assets formed by investment should become fixed assets of the village collective."
“In this way, we can directly transfer tens of trillions of huge fixed assets into shares in the remaining approximately 500,000 administrative villages or the two million or so within the short term of five to ten years.
natural village.”
"If tens of trillions or even hundreds of billions of assets are allocated to 500,000 administrative villages, how much will each have on average? It must be at least tens of millions, right? In this way, these village collectives
Cadres are the heads of companies with assets worth millions or tens of millions. Refer to Qiming Fubon, which was listed yesterday under the Qixian model, right?"
Lu Ming pressed the small remote control in his hand again, looked at the big screen of the meeting and said: "At the same time, we are promoting the corporatization of rural collectives in Qixian County, and investing the government's infrastructure assets in the countryside and the local ecology
Resource stock ownership is quantified to every household, so that every household becomes a shareholder and everyone has a sense of ownership. Isn’t this the ‘villagers turned into shareholders’ required by the upper management?”
“When promoting the Qixian model, we collectively allocate equity to villagers in 5 towns and 13 townships in the county, and require the villagers to share the ecological resource assets they possess, such as how many mountains, how much water, how many tidal flats, etc.
Resource assets are quantified as shares to the collective, thus improving the basis of villagers' property income."
"At the same time, it also means that the village collective economy has obtained the property foundation for corporate restructuring, because I give you an asset, and you bring in an asset. Only by using this method of consideration can those non-standardized resource assets
Obtain asset prices that can be standardized."
“At the same time, there is no need to demolish all kinds of houses in the countryside, especially many old houses with historical value. They can be preserved and turned into property assets of the village collective.
There are productive facility assets formed by government investment, which are fixed assets. There are also a large number of resource assets in the village, and there are many property assets in rural areas, which is a huge asset stock."
Having said this, Lu Ming pressed the small remote control in his hand again and put Qiming Fubon's market value, top-level design and other content structure diagrams on the big screen of the conference, then looked at the crowd and continued:
"Take Qixian as an example. It was still a national-level poverty-stricken county last year. Let's make the most conservative estimate. Qiming Fubon's current market value is 20 billion. It has not been hyped so far, and its valuation is relatively reasonable.
There are more than 1,300 counties in the country. If we build a Qiming Fubon in every county in the future, it will have assets with a market value of 26 trillion."
"The core assets of Qiming Fubon are still the ecological resource assets of more than 300 administrative villages or natural villages in 5 towns and 13 townships, which support Qiming Fubon's market value of 20 billion, and it has only obtained 49% of the 5 towns and 13 townships.
If all ecological resource assets are priced and quantified, this means that the 26 trillion will have to be doubled and the market value will exceed 50 trillion."
"Do these tens of trillions roughly correspond to the sunk costs that the country has invested in rural areas since 2005? This is based on a poor county that has just been lifted out of poverty and has no valuable mining resources or developed industries.
Data, what about those who have mines? What about those who have industries? So is its valuation high? Not high at all. In the long run, it must be underestimated."
Good guy!
Everyone was shocked when they heard this. This is equivalent to a minimum scale of 50 trillion. No wonder he wanted to invite everyone to discuss this matter. Tiansheng Capital cannot afford it alone, and at the same time, he and his family dare not and cannot come.
Do this.
More than 1,300 companies with a market value of 20 billion yuan have been listed on the market. The heads of several participating brokerage institutions, such as Cailian Securities, all lit up when they heard this number.
Lin Qiang, sitting in the front row, crossed his legs and joked: "Brother, if on average every county has a 20 billion listed company like Qiming Fubon, Big A will be squeezed out, and not a drop will be left.
rhythm."
The two hundred people in the meeting suddenly burst into laughter. According to the fact that Qiming Fubon has raised 2.188 billion from capital, let’s round it up to 2.1 billion. Assuming that 1,300 companies of the same size are listed, it means that it will raise 2.73 billion from the capital market.
Trillions.
Not to mention that there are a large number of other companies waiting in line to be listed, and investors are expected to have the rhythm of the whole big A to just lie flat.
Of course, if we really bring over 1,300 people to Big A, it will definitely not take one or two years, nor three or five years, but at least ten years.
However, amidst the laughter, the group of investors attending the meeting already had some ideas in mind. The excess financial capital also needs to find a place to settle down for a long time. If this can be done, it will be great.
"Mr. Lin's situation has become smaller." Lu Ming said calmly with a smile on his face: "Although the A-share market is the second largest stock market in the world after the US stock market, the current total market value of the A-share market is over 60 trillion.
, and the current total market value of U.S. stocks is 46 trillion U.S. dollars, which is approximately 310 trillion yuan excluding exchange rate changes."
Lu Ming looked around at the attendees and continued: "They say big A, but compared to the size of the US stock market, it can only be regarded as a small A. Even if we bring in 1,300 companies of the same magnitude as Qiming Fubon as we just mentioned,
The total market capitalization of A-shares is only over one hundred billion, which is only about one-third of the volume of U.S. stocks.”
"Our country's economic size is already on the same level as that of the United States. It has long surpassed that of the United States in terms of purchasing power. Even based on current common indicators, surpassing it is not a matter of possibility, but a matter of time. But ours
The ratio of the stock market to GDP is compared with the ratio of the U.S. stock market to the GDP of the United States. Our proportion is very small, and all our money is deposited in the property market."
"But the end of the property market has really come to a point where you can see the end at a glance. This currency reservoir can no longer expand as it has in the past few years. The currency must be diverted, and it cannot flood into the commodity market unscrupulously and cause price surges.
, the only reservoir that can accommodate the future monetary increment is Big A.”
After hearing this, everyone present at the meeting looked at each other. Wang Yue, the CEO of Wanxiang Group, suddenly laughed and said: "Brother Lu, you said that our stock market should replace the property market as the future currency reservoir? Are you sure you are serious? Our stock market
Can you take on such a big responsibility? Our stock market...is so appalling that it’s hard not to say anything about it.”
All the major investors present at the meeting couldn't help but let out a burst of low laughter. The reaction of these institutional investors was enough to explain everything. They said publicly that they must support Big A and that the long-term stability and improvement cannot be ignored.
It will change, but until now, I know very well what kind of person Big A is.
Lu Ming showed strong confidence in Big A's ability, but everyone really didn't have that confidence.
