Chapter 1750

On the way back to China, Li Mu felt more and more that going to the United States for listing was becoming more and more boring.

Scientific and technological enterprises go public in the United States because of the relatively advanced scientific and technological environment and the recognition of scientific and technological enterprises in the United States.

Because of the recognition of Silicon Valley, American capital and investors to scientific and technological enterprises, it can achieve the first place in the world as a whole.

If you give a specific example, for example, Baidu, which is about to go public in the United States.

If Baidu is going to be listed on the mainland A-share market, first of all, it does not meet the requirements of three consecutive years of profitability. Moreover, the recognition of Baidu in the domestic market will certainly be far lower than that of NASDAQ.

That is to say, if Baidu is going to put 10% of its shares into circulation for listing, the mainland A-share market is relatively conservative, and can give him 20 times the price earnings ratio, he can get a valuation of 5 billion yuan. In this way, 10% of its shares can be circulated, and it can get a capital of 500 million yuan.

However, because Nasdaq, as the gem of the United States, is very friendly to scientific and technological enterprises, so they can give Baidu a price earnings ratio of 40 times, that is to say, if Baidu goes to NASDAQ, it may get a valuation of 10 billion yuan.

In this way, the same 10% of the shares, financing, but a full double.

That's why most Internet companies are flocking to NASDAQ.

but the Internet industry suffered a bubble burst in 2000, so at this stage, the trust in the US market is not as high as it used to be.

In this context, if Mr. Li really wants to go public in Hong Kong, he won't get much lower valuation than that of the United States.

The key is to be able to stay away from these mercenary Wall Street capitalists and the rich masters of the United States.

Although many of the older generation of Hong Kong capitalists are basically the same as those on Wall Street in the United States, at the very least, after the return of Hong Kong, the development of state-owned banks in Hong Kong is still very rapid. The biggest difference between state-owned banks and those capitalists is that state-owned banks pursue not only profits, but also social and economic development, while capitalists only pursue Profit, they don't care whether the society and economy are developing or regressing.

If the more backward the society is, the richer the capitalists will be, then they don't mind that the society goes back to the stone age.

Therefore, Li Mu thinks that if he can find a securities firm with a state-owned background in Hong Kong to be an underwriter, and the market value given by him is no less than that in the United States, then he can simply list in Hong Kong, which is also considered to be a non-native land, contributing to the economy of Hong Kong SAR.

So, the more he thinks about it, the more he thinks it's worth a try.

I should find an opportunity to go to Hong Kong and have a chat with the state-owned securities companies in Hong Kong and the head of the Hong Kong stock market.

Hong Kong is a major financial city, but in the last life, it almost missed the dividend of the Internet market perfectly and only seized one Tencent. On the one hand, it is because NASDAQ is indeed more professional, on the other hand, it is also because many of the frames of Hong Kong stock market are not flexible enough.

At the beginning, if Hong Kong shares agreed to Ma's partnership system, then Ali would surely be listed in Hong Kong.

Ali is not only a huge Internet enterprise worth several trillion Hong Kong dollars, but also the engine of an e-commerce giant disk worth several trillion Hong Kong dollars. If Ali is listed in Hong Kong, the enterprises that Ali later invested and the independent subsidiaries will enter Hong Kong one after another.

In addition to Tencent's ecology, Hong Kong can easily build an internet financial ecology, which will naturally make this profit more and more like a snowball.

now, Li Mu has not only the global ecology of Makino science and technology, but also a Taobao and a Alipay, and a large number of companies and industries are also laid out outside. What's more, it is not difficult to get all the queues listed in Hongkong. In the long run, it will definitely increase the market value of Hongkong stock market by more than one hundred thousand billion.

……

Back in Yanjing, Li muzheng is going to set a time to go to Hong Kong. The superior leaders of the automobile industry have an appointment with Li muzheng to determine the purchase of Ford's Jaguar Land Rover and Volvo.

Li Mu suddenly killed three automobile brands in the United States. The domestic industry is very excited because this is an unprecedented attempt of the domestic automobile industry. There is too much imagination behind it.

As a result, the competent department and Li Mu determined several problems.

First, when to complete the acquisition;

Second, when to move to China;

Third, where to move to China;

on the first question, Li Mu also passed with Elon muskegou. Now the acquisition intention has been reached. After Muye technology paid a deposit of 200 million US dollars, it immediately began to entrust internationally renowned financial companies to conduct asset review Calculation and adjustment.

After the completion of audit and due diligence, it is confirmed that there is no objection, the remaining payment can be paid and the acquisition can be completed.

As for the second problem, Li Mu wants to move the overseas production lines of three brands to China one after another after the acquisition. If the U.S. labor union is good at solving it, all of them will move to China. If the U.S. labor union is not good at solving it, he will keep the local land Rover production line for the time being.On the third question, Li Mu's idea is to locate the site in his hometown, South Jiangsu Province.

The specific idea is to establish an automobile industry center in Haizhou.

Haizhou's economy has been underdeveloped. As an entrepreneur from Haizhou, he hopes to make some contributions to his hometown.

However, the leaders of the competent department analyzed the immaturity of the site in Haizhou in detail.

Haizhou is too small, has a small population, and has no industrial base. Its only advantage is that it is not far from the sea, with ports and railways. In addition, its foundation is very poor.

FAW is the eldest son of the Republic's industry. After the founding of the people's Republic of China, FAW has been developing vigorously with the support of the state. The foundation of FAW for decades has been put there, which can be said to be the first in China in all aspects.

the Shanghai auto group was founded very early, and it is located in the Shanghai stock market. It needs talents, economy, transportation, and foreign-funded enterprises The establishment of joint venture has a long history and strong experience and background;

although Yanjing automobile group was founded a little later than Shanghai stock market, like Shanghai stock market, it has all kinds of talents, economy, transportation and policies, and its cooperation with overseas enterprises is also accumulating experience and technology, so its development is not wrong.

In addition, the growth of several private enterprises is relatively hard, such as the brands of Jili and Qirui, which have been developed little by little for many years. In the initial stage of construction, even the recruitment of workers is difficult, and the core team is even more difficult.

Only then did Li Mu realize that the real economy, especially the industry, was constrained.

Leaders have rich experience and know much more about the domestic situation and industrial situation than Li Mu. Their experience is worth learning from.

Li musai thinks about it carefully. If he wants to bring all three brands into China, theoretically, the closer the three brands are, the better. Because in the future, technology is common, parts and components will even be interconnected to some extent. The closer everyone is, the lower the cost and the higher the efficiency.

If we want to build three automobile brands, plus our own self-made brands, the floor space will be large. It's no exaggeration to say that the area of a medium-sized economic development zone may not even be enough.

This requires strong support from local governments.

Leaders hope that Li Mu will consider Yanjing, because Yanjing University has strong resources and industrial background.

However, Li Mu is really worried about whether Yanjing, with its rapid development, can prepare a large enough land for its four automobile brands.

The BAIC family alone has already been very annoying. Moreover, they are engaged in the film and television city project. The floor area of that project is no smaller than that of the automobile project.

Therefore, Li Mu decided to set up the head office in Yanjing first, then communicate with the professional team, and then how to plan the production line of several brands.

There are many processes involved in automobile production, most of which are disassembled. Li Mu thinks that if it is really not possible, he can put the head office and the assembly line in Yanjing, and the rest around Yanjing. Finally, the cars are sold from Yanjing to the whole country, even the world.

Another important issue is funding.

The acquisition of these three brands is only the first step. In the second step, tens of billions of RMB will be spent to transfer all the production lines, talents and technologies of these brands to China step by step. We need to buy land, build factories, transport a large number of equipment, and carry out large-scale industrial upgrading. The total amount of capital needed behind this will not be less than ten billion US dollars.

Fortunately, it's not necessary to take out all the money in one go. You can first take out a sum of money, then borrow a sum of money from the bank, and then apply for some local subsidy policies, especially the problem of taking the land.

Such a large industry is really pure land purchase, even if it requires an astronomical figure.

Fortunately, the state has always had supporting policies for private enterprises. The larger the scale of enterprises, the stronger the employment and economy driven enterprises, the more policy support the government will give.

At that time, we should rely more on the help of local governments in the land issue.

Leaders also gave a very positive statement. Li Mu bought three famous international automobile brands at one go, and turned them into 100% Chinese automobile enterprises. Once they moved to China, they would surely bring a huge improvement to the domestic automobile industry. So no matter where he chose, his superiors and local governments would certainly give the greatest support, even the state-owned banks would give them conditions A large and generous loan.

This made Li Mu feel more stable and supported by the state. He also has stronger confidence in the integration and rebirth of these three automobile brands.

During the meeting, the leader also gave him a small suggestion, saying that he hoped that he could strengthen cooperation with Shougang and see if he could help Shougang to make a breakthrough in the field of automobile steel.

Li Mu promised without hesitation, and promised to invest in a research laboratory of automobile steel with Shougang as soon as he integrated the resources of these three brands and moved them into China smoothly.

Automobile steel has always been an important part of the steel market, but due to the unsatisfactory development of the domestic independent automobile industry, the breakthrough of domestic steel plants in the field of automobile steel is not enough.Although automobile steel is developed and produced by iron and steel plants, for iron and steel plants, without the full assistance of an automobile manufacturer, it is difficult to make a major breakthrough by relying on the steel plants themselves.

However, if Li Muzhen integrates these three brands into China and cooperates with Shougang in the R & D and testing of automobile steel, it will provide a huge help to Shougang in this respect!