Chapter 195 September 25 De facto inequality between private and state-owned capital

In this way, I discovered the de facto inequality between private and state-owned capital, because it (state-owned capital) has advantages and can never lose money, never lose money, and never lose money. Because the transfer of state-owned capital is like this, private capital must suffer and must be lost. Otherwise, how can this matter be established?Therefore, when we talk about the protection of state-owned assets, the status of private capital itself is very embarrassing. In real economic development, there is still a de facto inequality between private capital and state capital. In the mid-1990s, Vantone acquired a state-owned listed company.When applying for approval, Vantone was delayed for a long time because of an unspoken rule: private enterprises acquire state-owned enterprises, even if they are loss-making enterprises, private enterprises have to pay a premium of 10%, because they do not bear the responsibility of the government. If there is no premium, they can buy at normal prices. Some people will say that they are worried about the loss of state-owned assets, so when applying for approval, the other party will clearly say: I can’t approve it if you don’t pay a premium, and I don’t take this responsibility.Who knows how you evaluate it, what if you make a mistake and you take advantage of the country?Profitable companies have to go up by 15% to 20% before they are approved.

Therefore, when Vantone acquired this company, it could only be submitted for approval if Vantone paid more money.As a result, it took more than two years for the approval process. During these two years, if the target company’s net assets increase significantly, it will be troublesome, because he will in turn want to return the money that has been increased in the past two years, and you have to pay he.As a result, Vantone did not dare to work for two years after the actual acquisition. Only when Chinese private entrepreneurs truly realize the factual inequality between private and state-owned capital can they know whether to deal with state-owned capital and how to deal with state-owned capital; if they do not deal with state-owned capital, private capital must also seek profits Avoid harm, choose good for yourself.