The Zhengyin Securities incident in 1998 was a black swan that occurred in the securities industry before the introduction of the Securities Law and had far-reaching impact.

Since it has a far-reaching impact, it should naturally become one of the topics that professors at the University of Finance and Economics talk about. Therefore, Lin Baiyao has made a comprehensive deduction from the perspective of God and understands the causes and consequences very well.

Yu Jingzong was silent for a moment and said: "Isn't it a bit alarmist? MBO is not illegal in nature, and it is also an international practice. Just because it has never happened in China, we cannot completely deny its positive significance, let alone give people a stick because of it.

Beating to death...you can do whatever is not prohibited by law. To reform and reform, someone has to find a way to open up a path that has not been taken before..."

"I estimate that the Securities Law will be promulgated by the end of the year. Before that, there will be a vacuum with no law to follow. Feng Junan took advantage of this vacuum to avoid regulatory authorities and swept the securities industry in the past five years. He built a huge reputation and became proud.

Arrogant, thinking that he is omnipotent and has the potential to arm-wrestle with the big guys behind Zhengyin Securities.”

Lin Baiyao smiled and said: "Uncle Yu, please don't forget that lawlessness is a double-edged sword. When I support you, you are crossing the river by feeling the stones, pioneering and innovating, and being a pioneer in reform. But when I don't support you,

, you just took too big a step and crossed the line, which is to harvest the wool of socialism and to lose state-owned assets. I believe that Feng Junan dared to do this not only with your support, but also with the support of other forces, and the right to speak at the top

It may not be much weaker, but Ji Sunzhiyou, within Xiao Qiang, if you want to deal with Feng Junan, you don't have to compete with him at the top..."

What kind of person is Yu Jingzong? He knows everything at once. He frowned and said, "Are you saying there is a traitor in Feng Junan's team?"

Unknowingly, he no longer called Brother Feng, but instead called him by his first name, just like Lin Baiyao.

Lin Baiyao smiled and said nothing.

However, the way he behaves makes it even more obvious that he is confident and has everything under control.

Yu Jingzong couldn't help but think of the old man standing behind Lin Baiyao. Could it be that he really had such great powers? Even the movements of Feng Junan's team could be illuminated and there was no way to hide them.

The problem is, we still have to believe it, because there is no conflict of interest between Lin Baiyao and him.

If he hadn't just received a call from Feng Junan, Lin Baiyao probably wouldn't have revealed such a sensational inside story.

"Now that it comes to this matter, I won't hide it from my brother. Feng Junan's relationship can go directly to the Securities and Exchange Commission. Last year, a company sold state-owned legal person shares worth 130 million, and the handling fee was as high as 50 million. He was the one who handled it.

The impossible has become possible. In this mbo, Feng Junan privately consulted relevant people for their opinions, and the feedback he received was that it is completely possible to give it a try, and there should be no problems with the policy...

Lin Baiyao said with a smile: "The greatest tragedy of a person is to regard the energy given to him by the platform as his own ability. Uncle Yu, don't be fooled by Feng Junan's glory over the years, let alone his so-called background that is shrouded in clouds and mountains. He

His personal connections were given to him by Zhengyin Securities. Once something goes wrong, Zhengyin cannot provide help, and the Securities Regulatory Office will be the first to investigate and kill him. To say the least, even if the policy is fine, have you ever thought about how he can raise funds for stock expansion?

Is there any problem with the method? Nearly 1.2 billion, how did he get so much money?"

Yu Jingzong finally began to waver.

Lin Baiyao knew exactly how much money Feng Junan had used. I'm afraid this is indeed the inside story.

In fact, if you think about it again, 1.2 billion is not a small amount. But what is strange is why you were so convinced before that this little money was not a problem for Feng Junan at all?

Haven’t you been brainwashed by the performance of Zhengyin Securities over the years and thought there was nothing that Feng Junan couldn’t handle?

But as Lin Baiyao said, the omnipotent person is Feng Junan who is backed by Zhengyin Securities, not Feng Junan himself.

"I would like to ask again, how much does Uncle Yu plan to invest in Feng Junan this time?"

The two of them had been honest with each other, and Yu Jingzong did not hide anything. He smiled bitterly and said: "Two hundred and forty million."

"Two hundred and forty million...Whether it's high-interest lending or share subscription, it's not worth accompanying Feng Junan to test out a sure-fire outcome."

Lin Baiyao's voice was not loud, but he was firm and could not be questioned. He said: "Uncle Yu, hesitation is the most harmful thing when using troops. Venture capital is like fighting a war. You have to take action when it's time to take action, but you have to look back when it's time to turn back. According to me

The news we got is that within a month at the latest, the opponent will attack, and Feng Junan’s fate was destined from the day he had an affair. I guess the friendship between Uncle Yu and him is not worth more than 200 million, right? "

Yu Jingzong was silent for a long time and suddenly said: "Brother Lin, does he have any news about the property rights restructuring of Stone Group?"

"Four links?"

Lin Baiyao suddenly realized, and asked: "Did Uncle Yu help Sitong handle the property rights issue, using the mbo method?"

The property rights dispute of Stone Group is a history of blood and tears in the development of private enterprises for twenty years. It is a 100% private enterprise, but the problem is that when it started its business in the early 1980s, it had no choice but to adapt to the situation at that time and give

Find some red hat and put it on yourself.

After a simple back-and-forth transaction, Sitong Group adopted the corporate name of Siji Qingxiang, and naturally became a collectively owned township enterprise.

Later, as Sitong Group grew bigger, the country also opened up to the private ownership economy, giving management hope.

But as I said, it was fine when I came here, and I can't go back.

The Sijiqingxiang government was unwilling to throw away the chicken that laid the golden eggs, and the two sides engaged in a ten-year tug-of-war over property rights.

Sitong Group has suffered repeated defeats and has exhausted all efforts at the policy level, but still cannot regain the property rights that should belong to it.

Therefore, Sitong turned its attention to the financial level, which was MBO, which had never appeared in China.

It was the financial institutions under Yu Jingzong that gave Sitong ideas and carried out specific operations.

The source of inspiration for Yu Jingzong is Feng Junan’s MBO Financial Skills Award from Zhengyin Securities.

Everything is a circle!

Like a Möbius strip, it connects people from all walks of life!

From the perspective of future generations, the financial techniques used by Feng Junan are quite simple and unpretentious. They are nothing more than increasing capital and stock, diluting the equity of state-owned enterprises and replacing them with employee stock ownership associations. The two companies that control the employee stock ownership associations

, is an investment company controlled by Feng Junan’s team.

Specific people and events can be judged and cannot be separated from the times.

This is the first time in China that someone has tried to use management equity buybacks to seize control of the company. It is a surprise, and it is indeed difficult to prevent the move after planning.

"The problem of Sitong is different from that of Zhengyin! Behind Sitong is nothing more than the greed of the collective system, and the resistance is not very big. I think we can first establish a management-controlled subsidiary through mbo as a new Sitong. If the negotiations with the old Sitong go well,

The new four links will turn around and eat up the old four links, and successfully realize the confirmation of property rights; if the negotiations do not go smoothly, they will continue to operate, gradually transfer good assets and core businesses, and empty the old four links, and the golden cicada will escape its shell and be reborn in Nirvana."

Yu Jingzong was completely shocked!

Stone Group has spent countless years of energy from top to bottom, but the property rights issue that it couldn't resolve was pointed out in a few words by Lin Baiyao. The clear path was pointed out.

He understands finance, and it is obvious that Lin Baiyao's plan has a great chance of success!

It is far more optimized and more practical than the plans currently given by its financial institutions - because in an environment like this in China, if you don't think about winning before thinking about failure, and you have the skills to deal with it, you will be more stable.

"Brother Lin's words alone are worth 100 million."

The persuasion of a person with insider information, insights, structure and vision made Yu Jingzong make up his mind to give up Feng Junan's Zhengyin Securities first and wait and see the results.

If it is true as Lin Baiyao said, he would not mind stepping on the opponent's corpse, or avoiding the MBO trap that the opponent risked his life to get out of, and continue to plan the property rights dispute for Stone Group.

After all, he and Feng Junan had no fatal friendship.

This time, I just took a fancy to Feng Junan's reputation and background, and wanted to follow the trend and hunt down the behemoth Zhengyin Securities, and then eat away at it.

But according to the information revealed by Lin Baiyao, the secret operation that they thought had already fallen into the plot of someone with serious intentions, so getting out as soon as possible is the best strategy.

Make good friends with Sitong and then plan to invest in Sitong Lifang. This is a better deal than taking risks with Feng Junan.

"Brother Lin, this is my business card. If you have time to come to Beijing, I will do my best to be a landlord."

An ordinary hot-stamped business card has exquisite workmanship, but it is also made of a common material on the market and has no sense of luxury or nobility.

Apart from a faint orchid in the lower left corner and a gray crane hidden in the clouds in the upper right corner, there is only one name and a phone number on the business card.

This is equivalent to an admission ticket, indicating that Lin Baiyao has been recognized by Yu Jingzong and has officially entered his private social circle. He can communicate directly with him anytime and anywhere through this mobile phone number.

As Yu Jingzong said just now, Lin Baiyao's words are worth 100 million.

This is no lie.

To enter Yu Jingzong's private circle, a net worth of hundreds of millions is just the basic threshold. How many people have tried their best to meet him, but they can't, let alone get his business card easily.

Time is also destiny, nothing better than this!

After giving the business card, Yu Jingzong felt that it was not enough. He thought for a moment and said, "I heard from Lao Qiao that you used 17 million to acquire Dongjiang Electronics. There seems to be a small problem with the funds. It needs to be postponed until the end of the year to get it in place?"

Lin Baiyao suppressed the ecstasy in his heart and maintained a calm expression on his face, saying: "The stall is too big... There is nothing we can do about it. Banks are very tight on private enterprise loan cards. Even if they use their connections, it will be very time-consuming..."

"Someone will contact you later. I will lend you five million privately without going through the company's account. You can turn it over by the end of the year and give it to me again."

Lin Baiyao quickly thanked him.

This is an unexpected gain. When I came to dinner, I never thought that I could get five million from Yu Jingzong. I just hope that I can leave a good impression on others and that I will have the opportunity to form a good relationship in the future.

five million!

Hey!

Since his rebirth, he has moved around and worked hard, even mortgaging Hutouben. So far, he has received one million in remuneration from Yanshan people, two million in endorsement fees from Zhao Hede's company, and one million borrowed by Li Chongshan.

, Hu Touben’s mortgage of 1.5 million was enough to raise 5.5 million.

However, after having a meal with Yu Jingzong, he got five million. What does this mean?

It shows that if you want to be rich, you don’t need to build roads first, but you must learn to eat from the rich!

"In terms of interest, I will lend it to Uncle Yu at the highest interest rate..."

Lin Baiyao was careful. He knew that Yu Jingzong's payment of five million was to repay a favor and would never ask for interest, but it was better to explain clearly what should be said to avoid changes and recurrences later.

In the face of his daughter's promise, Mr. Yu still has to face it after all!

Yu Jingzong smiled and said: "The interest will not count, it will all be regarded as your hard work for helping to take care of this silly girl."

This naturally caused Ye Sushang to become very dissatisfied.

…
To be continued...