RINAPE :: Volume #18

#1750: Fei Shui does not keep the bystander field


Returns to the China road, Li Mu felt more and more, goes to US (America) to go on the market this matter, did not have the meaning more and more. 华夏的路上,李牧越来越觉得,去美国上市这件事儿,越来越没意思了。 Kuwait creates the enterprise to go to US to go on the market, is in itself because the US (America) quite advanced branch creates the environment as well as creates the approval of enterprise to Kuwait. 科创企业赴美上市,本身是因为美国比较先进的科创环境以及对科创企业的认可。 Because has Silicon Valley , the US (America) capital and investor, create approval of enterprise to Kuwait, the whole can achieve the world's first. 正因为有硅谷在,美国资本以及投资者,对科创企业的认可度,整体能达到全球第一。 If cites a specific example, Baidu that for example soon wants to go to US to go on the market. 如果举一个具体的例子,就比如即将想赴美上市的百度 If the Baidu preparation goes on the market in the mainland A stocks, first does not meet the requirement that for successive three years gained, another, the domestic market will definitely be far lower than NASDAQ to his approval. 假如百度准备在大陆a股上市,首先是不符合连续三年盈利的要求,再一个,国内市场对他的认可度肯定会远低于纳斯达克。 In other words, if Baidu prepares to put out 10% stocks to make the stock to be listed, the mainland A stock markets are quite conservative, can him 20 times of market profits, he be able to attain 50 hundred million RMB estimate values, in this case, puts out 10% stock circulations, can melt to 5 hundred million RMB funds. 也就是说,如果百度准备拿出10%的股份做流通股挂牌上市,大陆a股市场比较保守,能给他二十倍市盈率,他可以拿到50亿人民币的估值,这样的话,拿出10%的股份流通,能够融到五亿人民币的资金。 However, because NASDAQ takes the US (America) undertaking board, itself creates the enterprise to be friendly to Kuwait, therefore they can the Baidu 40 times of market profits, in other words, Baidu, if went to NASDAQ, may attain equivalent to 100 hundred million RMB estimate values. 但是,因为纳斯达克作为美国的创业板,本身就对科创企业非常友好,所以他们能给百度四十倍的市盈率,也就是说,百度如果去了纳斯达克,可能会拿到折合100亿人民币的估值。 As the matter stands, similarly puts out 10% stocks, the capital of melting, actually missed one time fully. 这样一来,同样是拿出10%的股份,融到的资,却整整差了一倍。 Why this most internet enterprises swarms the reason that NASDAQ goes on the market. 这就是为什么大部分互联网企业都蜂拥去纳斯达克上市的原因。 However the internet industry encountered the bubble burst in 2000, therefore the present stage, the before confidence level of US (America) market to internet does not have, was so high. 不过互联网行业在2000年的时候遭遇了泡沫破裂,所以现阶段,美国市场对互联网的信任度也没有以前那么高了。 Under such background, if Li Mu really wants to go on the market in Hong Kong, the attained estimate value will not compare US (America) to lower many. 在这样的背景下,如果李牧真想在香港上市,拿到的估值不会比美国低多少。 The key can far away from this group of being concerned only about profit Wall Street capitalists and far away from this group of US (America) rich and powerful people big masters. 关键是可以远离这帮唯利是图的华尔街资本家、远离这帮美国富豪大老爷。 Although the Hong Kong capitalists of many old generation, the capitalists with US (America) Wall Street are not fundamentally different, but at least, after Hong Kong returns, national capital bank's development in Hong Kong is very rapid, the national capital bank with these capitalist maximum differences is, the national capital bank pursues the profit not only , the development of pursue promotion society and economy, but the capitalist only pursues the profit, they do not care about the society and economy are backing up in the development. 虽说很多老一代的香港资本家,从根本上跟美国华尔街的资本家没什么两样,但最起码,香港回归之后,国资银行在香港的发展还是非常迅速的,国资银行与那些资本家最大的不同是,国资银行不光追求利润,也追求促进社会与经济的发展,而资本家只追求利润,他们不在意社会与经济到底在发展还是在倒退。 If the society backs up is fiercer, capitalist to be richer, they did not mind that the society backs up Stone Age. 如果社会倒退越厉害、资本家就越有钱,那他们不介意社会倒退回石器时代 Therefore, Li Mu felt, in Hong Kong the securities trader that if oneself can look for a national capital background is the credit corroborative . Moreover the market value of giving, reducing USD little are less than US (America), that went on the market in Hong Kong simply, was Fei Shui does not flow the bystander field, made the contribution to the economy of Hong Kong SAR. 所以,李牧觉得,如果自己可以在香港找一家国资背景的券商来做承销商,而且给出的市值,折合成美元也不比美国少太多的话,那就干脆在香港上市得了,也算是肥水不流外人田,为香港特区的经济做贡献了。 Therefore, more thinks, Li Mu more thought is worth trying. 所以,越是这么想,李牧越觉得值得一试。 Oneself should find an opportunity, goes to a Hong Kong, the national capital securities traders with Hong Kong chatted, chatted with person in charge of Hong Kong Stock Market. 自己应该找个机会,去一趟香港,跟香港的国资券商聊一聊,也跟香港股市的负责人聊一聊。 Hong Kong is a finance heavy, but previous life almost missed the dividend of internet market perfectly, only held Tencent, on the one hand this is because NASDAQ is truly more specialized, on the other hand is not very flexible because of many frames of Hong Kong Stock Market. 香港是个金融重地,但上辈子几乎完美错过了互联网市场的红利,只抓住了一家腾讯,这一方面是因为纳斯达克确实更专业,另一方面也是因为香港股市的很多条框不够变通。 Initially if Hong Kong stock market complied with the partner system of Boss Ma, that in definitely went on the market in Hong Kong. 当初港股要是答应马老板的合伙人制度,那么啊里肯定就在香港上市了。 In may incessantly be a several tens of thousands of hundred million Hong Kong dollar giant internet enterprise, is one value hundreds of thousands of hundred million Hong Kong dollars engine in e-Commerce great plate, if in goes on the market in Hong Kong, these subsidiary companies that these enterprises that in invested afterward, the independence goes out, will unable to do well will also enter Hong Kong one after another. 啊里可不止是一个数万亿港币的巨型互联网企业,更是一个价值数十万亿港币的电商巨盘中的发动机,如果啊里在香港上市,啊里后来投资的那些企业,独立出去的那些子公司,搞不好也会相继进入香港。 The Tencent ecology, Hong Kong is very in addition easy to build a internet finance ecology, this naturally can make a snowman probably same this advantage gets bigger and bigger. 再加上腾讯的生态,香港很容易就能搭建起一个互联网金融生态,这样自然就能把这个利好像滚雪球一样越滚越大。 Now, in Li Mu, not only has the Muye Science and Technology global ecology, Taobao and Alipay, the outside also layout big pile of companies and industries, all attained Hong Kong to line up to go on the market when the time comes are not the difficult matter, long-time, can increase over 10 trillion market values to Hong Kong Stock Market absolutely. 现在,李牧手里不光有牧野科技的全球生态,还有一个淘宝、一个支付宝,外面还布局了一大堆的公司和产业,到时候全拿到香港来排队上市也不是什么难事,长久来看,绝对能给香港股市增加十万亿以上的市值。 ...... …… Returned to Yanjing, Li Mu to prepare to decide a time to go to Hong Kong, the higher-up leader of car industry made Li Mu, with him determined that purchased Ford affiliated Jaguar Land Rover and relevant issues of Volvo these three brands. 回到燕京,李牧正准备定个时间去香港,汽车产业的上级领导就约了李牧,与他确定收购福特旗下捷豹路虎以及沃尔沃这三个品牌的相关事宜。 Li Mu kills US (America), to take three automobile brands suddenly, the domestic industry sector is very excited, because this is the unprecedented attempt of domestic auto industry, its back has too many imaginary spaces. 李牧忽然杀去美国、拿下三个汽车品牌,国内的工业部门是非常兴奋的,因为这是国内汽车产业的一次史无前例的尝试,它的背后有太多的想象空间。 Therefore, the authorities determined several issues with Li Mu. 于是,主管部门跟李牧确定了几个问题。 First, when completes the purchase ; 第一,什么时候完成收购; Second, when moves into China ; 第二,什么时候迁入华夏; Third, where moves into the China selected location to be at ; 第三,迁入华夏选址在哪; About the first issue, Li Mu also with Elon the Musk ditch passes, now purchases the intention to achieve, after Muye Science and Technology pays two hundred million USD advance payment, immediately starts to entrust world famous financial affairs Corporation, conducts the asset audit with completely to move. 关于第一个问题,李牧也跟埃隆马斯克沟通过,现在收购意向已经达成,牧野科技支付两亿美元定金之后,立刻开始委托国际知名的财务公司,来进行资产审计与尽调。 The audit, completely the accent is completed, determines to have no objection, can pay the surplus funds, to complete the purchase. 审计、尽调完成,确定没有什么异议,就可以支付剩余款项、完成收购。 About the second issue, Li Mu wants after completing the purchase, starts to move to China the overseas production lines of three brands one after another, if the US (America) trade union is good to solve, all moves, if the US (America) trade union is not good to solve, first retains that Land Rover production line of US (America) native place temporarily. 关于第二个问题,李牧想在完成收购之后,就开始陆续将三个品牌的海外生产线迁至华夏,如果美国工会好解决,就全部都迁过来,如果美国工会不好解决,就暂时先保留美国本土的那条路虎生产线。 About the third issue, the Li Mu's idea falls the selected location on native place Nansu Province. 关于第三个问题,李牧的想法是把选址落在老家南苏省 The concrete idea is, sets up a car industry center in Haizhou. 具体想法是,在海州成立一个汽车产业中心。 The Haizhou economy not has been developed, he as the entrepreneur who Haizhou comes out, hopes that can make some contributions to the native place. 海州经济一直不太发达,他作为海州出来的企业家,更希望能够为老家做些贡献。 However, the leaders of authorities very detailed analyzed the selected location for him in the Haizhou not mature place. 但是,主管部门的领导们非常详细的为他剖析了选址在海州的不成熟之处。 Haizhou was too small, the population are not many, moreover without the industrial infrastructure, the only advantage not far, has the harbor and railroad to the sea, in addition, the background is bad. 海州太小了,人口也不多,而且没有工业基础,唯一的优势就是离海不远、有港口和铁路,除此之外,底子都非常差。 The domestic automobile enterprise, FAW is the eldest son of Republic industry, after the founding of the nation, vigorous development with the great support of country, dozens years of background places there, various aspects can be said as domestic first ; 国内的汽车企业,一汽是共和国工业的长子,建国后就在国家的大力支持下蓬勃发展,几十年的底子放在那里,各方面都可以说是国内第一; The Shanghai automobile group is established is also very early, moreover in Shanghai, wants the talent to have the talent, wants the economy to have the economy, wants the transportation to have the transportation, in addition with the years head length of foreign-funded enterprise joint venture, the experience and background also is very strong ; 沪市汽车集团成立也很早,而且地处沪市,要人才有人才,要经济有经济,要交通有交通,再加上与外资企业成立合资企业的年头长,经验、底蕴也都很强; The Yanjing automobile group establishes although to be slightly late in Shanghai, but just like Shanghai, the talent, economy, transportation and policy has everything expected to find, cooperation with international company also in accumulation experience and technology, therefore develops well. 燕京汽车集团成立虽然略晚于沪市,但和沪市一样,人才、经济、交通、政策应有尽有,与海外企业的合作也在积累经验与技术,所以发展不错。 In addition, the growth of several private enterprises are quite difficult, for example Luck, its Swiss these brands, spent in distress many years to develop little, the initial build, even/including trick/recruit the workers were difficult such as to ascend to heaven, the core team was more troublesome. 除此之外,几家民营企业的成长都比较艰辛,比如吉力、其瑞这些品牌,都是苦熬了很多年一点点发展起来的,初期搭建,连招工人都难如登天,核心团队就更麻烦。 Li Mu then realized, real economy, particularly various impeding places of industry. 李牧这才意识到,实体经济,尤其是工业的各种掣肘之处。 The leaders experience rich, to the domestic situation and industrial situation, the understanding be much more than Li Mu, their experiences, are worth Li Mu for reference very much. 领导们经验丰富、对国内情况以及产业情况,了解的要比李牧多得多,他们的经验,很值得李牧借鉴。 Li Mu thinks carefully, if oneself must obtain the home these three brands, then theoretically, three brands suffer near to be better, because of the future, the technology will be common, spare parts will even also exchange to a certain extent, everyone will suffer near, the cost will be lower, efficiency is also higher. 李牧仔细想了想,如果自己要把这三个品牌都拿进国内,那么理论上,三个品牌挨得越近就越好,因为未来,技术是共通的、零配件甚至也会在一定程度上互通,大家挨得越近,成本就越低、效率也会越高。 If must make three automobile brands, in addition own homemade brand, that this area may big go, did not say exaggeratingly, an area of medium economic development zone, even not necessarily sufficient. 如果要做三个汽车品牌,加上自己的自创品牌,那这个占地面积可就大了去了,不夸张的说,一个中型经济开发区的面积,甚至都未必够用。 This needs the local government to give the vigorous support. 这就需要地方政府给予大力的支持。 The leaders hope that Li Mu considers Yanjing, because the Yanjing university resources are very strong, the industrial background is also quite strong. 领导们希望李牧考虑燕京,因为燕京高校资源很强,工业底蕴也比较强。 But, Li Mu somewhat was really worried, rapid growth Yanjing, but can also give four automobile brands to prepare together the enough big land for building. 可是,李牧实在有些担心,高速发展的燕京,还能否给自己四个汽车品牌准备出一块足够大的地皮。 Only is Beiqi one, is very unbearable, moreover oneself are carrying out the movie town project, the area of that project, but is not really smaller than the automobile project. 光是北汽一家,就已经很够呛了,而且自己又在搞影视城项目,那个项目的占地面积,可真是一点也不比汽车项目小。 Therefore, Li Mu then decided, first sets up the corporation in Yanjing, then communicates with the professional team, how then to plan several brands the production line issues. 于是,李牧便决定,先把总公司设立在燕京,然后再跟专业团队沟通,接下来如何规划几个品牌的生产线问题。 The flow that the automobile production involves are many, majority is disassembles, Li Mu felt , if not really good, when the time comes can always installs wiring to place Yanjing the corporation, other places Yanjing peripheral, finally the car(riage), sells the nation from the Yanjing winding, even in the world. 汽车生产牵扯到的流程很多,大部分都是拆开来的,李牧觉得如果实在不行,到时候可以把总公司和总装线放在燕京,把其他的放在燕京周边,最后车从燕京下线、卖到全国,甚至全世界。 A very important issue is the financial problem. 还有一个很重要的问题是资金问题。 Purchasing these three brands is only the first step, second step also needs to consume tens of billions RMB funds, comes to shift the production lines, talents and technology these brands to the home step by step completely comes, must buy, must build the factory district, to transport large number of equipment to come, but must conduct the large-scale industrial upgrading, the total funds of this back need, will not be lower than hundred hundred million USD. 收购这三个品牌只是第一步,第二步还需要耗费上百亿人民币的资金,来一步步把这些品牌的生产线、人才、技术全部转移到国内来,要买地、要搭建厂区、要运输大量的设备过来,还要进行大规模的产业升级,这背后需要的总资金量,不会低于百亿美元 Is good does not reach one's goal instantly to because of this sum of money take, oneself can first spend a sum of money, then loans a sum of money from the bank, then applied for the subsidy policies on some places, particularly with the issue of place. 好在这笔钱不是一步到位必须一口气都拿出来,自己可以先拿出一笔钱,再从银行贷一笔钱,然后再申请一些地方上的补助政策,尤其是拿地的问题。 Such big industry, is really buys purely, feared that takes astronomical figures. 这么大的产业,真是纯买地,怕是就要一笔天文数字。 Is good has had the supportive policy because of the country to the private enterprise, a scale bigger enterprise, drives the employment and an economical stronger enterprise, the policy support that the government gives are also more. 好在国家对民营企业一直有扶持政策,规模越大的企业、带动就业与经济越强的企业,政府给予的政策扶持也就越多。 When the time comes, in the issue of land for building, but must rely upon the local government to help. 到时候,在地皮的问题上,还要多仰仗地方政府帮忙。 The leaders also gave very affirmative expression, the Li Mu one breath bought three world famous automobile brands, turned into 100% China automobile enterprises it, once moved to the home, definitely will bring the huge promotion to the domestic car industry, where therefore regardless of his selected location, the higher authority and local government definitely will give the biggest support, even the national capital bank will also give the condition favorable huge loan. 领导们也给了非常肯定的表示,李牧一口气买了三个国际知名汽车品牌,将其变成100%的华夏汽车企业,一旦迁至国内,必然会对国内的汽车产业带来巨大提升,所以无论他选址在哪里,上级以及地方政府都必然会给予最大的支持,甚至国资银行也会给予条件优厚的巨额贷款。 This point makes Li Mu feel steadfastly many, has the support of country, his conformity to then these three automobile brands and rebirths, there is a more powerful confidence. 这一点让李牧感觉踏实不少,有国家的支持,他对接下来这三个汽车品牌的整合、重生,也有了更强大的信心。 Discussion time, the leadership gave back to him to make a small suggestion, said that was hopes he can enhance the cooperation with Beijing Steel Corporation, look can help Beijing Steel Corporation, has broken through with the steel domain in the automobile. 会谈的时候,领导还给他提了一个小建议,说是希望他能够与首钢加强合作,看看能不能帮助首钢,在汽车用钢的领域有所突破。 Li Mu without hesitation complies, and pledged, once oneself complete and moves into the home the resource integrations of these three brands smoothly, invests an automobile to use the steel with Beijing Steel Corporation immediately together the research lab. 李牧毫不犹豫的答应下来,并且承诺,一旦自己把这三个品牌的资源整合完成、顺利迁入国内,就立刻与首钢一起投资一个汽车用钢的研究实验室。 The automobile with the steel is the important part of steel market, but because the domestic independent car industry development is not quite ideal, therefore the domestic iron and steel plant uses the breakthrough of steel domain is also insufficient in the automobile. 汽车用钢一直是钢铁市场的一个重要部分,但由于国内自主汽车产业发展不太理想,所以国内的钢铁厂在汽车用钢领域的突破也不够。 The automobile is the iron and steel plant research and development produces with steel although, but to iron and steel plant, without an automobile manufacturing corporation assists full power, by iron and steel plant, is very difficult to make the major breakthrough. 汽车用钢虽然是钢铁厂研发生产,但对钢铁厂来说,如果没有一个汽车制造企业全力协助,光靠钢铁厂自己,很难取得重大突破。 However, if Li Mu really conforms with these three brands to the home comes, when the time comes does the automobile with Beijing Steel Corporation cooperation again with the research and development and test of steel, then to Beijing Steel Corporation this aspect business, will provide the huge boost! 不过,如果李牧真把这三个品牌整合到国内来,到时候再跟首钢合作搞汽车用钢的研发与测试,那对首钢这方面业务来说,将会提供巨大的助力!
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