Chapter 38 The "Wenzhou Laboratory" that will open sooner or later

On January 7, 2011, in order to explore the establishment of standardized channels for individual overseas direct investment, Zhejiang Province officially approved the implementation of the "Overall Plan for Comprehensive Reform Pilot Programs for the Innovation and Development of Wenzhou's Private Economy".Therefore, Wenzhou became the first city in the country to carry out the pilot work of individual overseas direct investment.For a while, Wenzhou Capital once again became a topic of discussion among people in the industry, and the general trend of Wenzhou Capital going out has been favored by people.

However, within half a month, the pilot was told to suspend it, although the reason is not easy to disclose.But we can still see something from The Plan. The "Plan" pointed out that this pilot project has five practical significance for Wenzhou Capital: 1. It facilitates the expansion of private investment channels in Wenzhou, provides a legal identity for rich private capital, and promotes the flow of Wenzhou capital around the world. 2. It helps to strengthen the standardized management of private capital in Wenzhou, which can not only protect the legal investment rights and interests of individuals abroad, but also help the state supervise the flow of capital in Wenzhou.

3. Provide convenience for Wenzhou capital to make overseas investment, and provide individual overseas investment channels for some investors who have no specific operation methods for individual overseas investment. 4. Provide convenience for Wenzhou capital to circulate in the global market more extensively and deeply. 5. It helps the country to accumulate experience in promoting the reform of the foreign exchange management system, and helps to improve the international competitiveness of domestic investment entities. The overall goal of the pilot project is to help Wenzhou Capital establish a sound promotion system for the development of individual overseas direct investment through the guiding role of the government, and provide assistance for Wenzhou Capital to further go global.

It has to be said that the promulgation of the "Plan" has a very good starting point. On the one hand, it provides a formal channel for the circulation of capital in Wenzhou; of integration. This "Proposal" also proves at least two problems: 1. In Wenzhou, individual overseas investment channels are already a common phenomenon. Because of the universality of this phenomenon, the "Plan" with normative significance was introduced.It can be said that it is precisely because of the pressure from Wenzhou's growing private capital that the Zhejiang provincial government has come up with such a plan.

2. The Zhejiang provincial government attaches great importance to Wenzhou capital, and has been committed to Wenzhou capital's "open and square" approach to the international economic stage.Because for a long time, Wenzhou capital’s personal overseas investment channels have basically gone through “underground banks”, and investors’ personal interests are at great risk, which is not conducive to the development of Wenzhou capital.This shows from another aspect that Wenzhou's individual overseas investment is nothing new, and Wenzhou capital has officially announced the "going out strategy" to the world.

When it comes to Wenzhou people's "going out" war, I have to mention their "bringing doctrine".Wenzhou enterprises started from imitation, ranging from small buttons and lighters to large leather shoes, electrical appliances, clothing assembly lines, and even investing in automobiles at the beginning of the 21st century.The most common way is that a Wenzhou native who traveled all over the country saw a good thing, and then the dog came back and mailed it to relatives in his hometown. The relatives dismantled the good product and carefully studied every detail of the product. A composition, material, and even shape, and then process a "cottage product" overnight.In this way, when the closed and backward Chinese people do not know what is popular and fashionable, Wenzhou people who are good at imitating have already produced products that look like "world-class" according to their own "anatomical principles".Then they quickly promoted it in the country. Due to the advanced information, they quickly won the domestic market and made a lot of money.

With the advent of the information age, and as people have more and more convenient and comprehensive means of obtaining information, the way for Wenzhou people to obtain information through foreign relatives or fellow villagers is obviously outdated.However, they have not been eliminated by the market, but instead play an increasingly important role in the Chinese market. the reason is simple.In that age of information occlusion, the information obtained by Wenzhou people by "going out" has already accumulated a lot of money for them.What's even more rare is that their "going out strategy" in the first few years of reform and opening up not only earned wealth, but also possessed more technology and investment experience than others.These technologies and experiences, together with the rich Wenzhou capital, have become the most powerful driving force for the continuous development and growth of Wenzhou enterprises as Wenzhou's rich accumulation.

Entering the 21st century, Wenzhou, which has been constantly driven by powerful forces, has become a force that cannot be underestimated, both domestically and internationally.Wherever Wenzhou capital went, it set off an earthquake-like sensation.Wenzhou, the kingdom of imitation of "the blue is better than the blue", is no longer satisfied with imitating others. Its strength is enough to make it go out and become a role model for the world. "Going out" to affect the world and change the world has become a necessity. .Wenzhou Capital went abroad under such circumstances.

Long before the "Overall Plan for Comprehensive Reform Pilot Program of Wenzhou Private Economy Innovation and Development" was issued, there were already many successful cases of Wenzhou bosses realizing overseas personal overseas investment: for example, Wenzhou Chint Group has invested 120 million euros to build a building in Galicia, Spain. The largest solar power plant in Europe; Wenzhou Yueqing Tongling Technology Group invested 100 million US dollars to establish a high-tech industrial park covering an area of ​​about 1,300 mu in Atlanta, USA; Wenzhou businessman Wang Weisheng invested in "a figure that even my father cannot disclose", Successful acquisition of Aradir Satellite TV in Dubai Media City, United Arab Emirates... These are real cases of Wenzhou Capital's personal success in overseas investment.

Wang Zhishan, director of the Planning Department of Wenzhou Economic Construction and Planning Institute, also conducted a personal opinion survey on overseas investment. The survey results show that Wenzhou people are very enthusiastic about overseas investment.By the end of 2010, Wenzhou enterprises had 635 overseas investment projects, with an investment amount of 454 million US dollars (an increase of 69.4% over 2009). These cases and data fully demonstrate that it is an indisputable fact that Wenzhou's private capital has flowed abroad. "Going out" is not just a slogan, but an ironclad proof that Wenzhou people are working hard to occupy overseas markets.Wenzhou has successfully transformed from a "bringer" to a "going abroad".It's just that Wenzhou's capital is carried out through underground channels rather than official ones, so it hasn't become a "those who go abroad with their heads held high" for the time being.It is believed that with the increasing influence of Wenzhou capital in the economic field at home and abroad, sooner or later the state will introduce measures to regulate Wenzhou capital, so that Wenzhou capital will go abroad and go to the world with its head held high.

As for the suspension of the promotion of the "Overall Plan for Comprehensive Pilot Reform of Wenzhou's Private Economic Innovation and Development", some voices believe that the state has not yet approved this plan, because the amount of funds has increased by 60% compared with the previous limit of 50,000 US dollars per person for each individual fund outbound. Times, this needs to be formally approved by the foreign affairs department at the central government level.Yi Gang, director of the State Administration of Foreign Exchange, also publicly responded: "(Wenzhou Individual Overseas Direct Investment (because the procedures have not been completed, it has not yet been granted the status of implementation." But I think that neither the Zhejiang Provincial Government nor the national foreign exchange management department will ignore the "Proposal" without following it.Because the international market environment is becoming more and more open, and Wenzhou's capital is also growing, it is impossible for Wenzhou people who are not used to letting their money lie in the bank to sleep, to give up overseas investment opportunities.If the state does not issue a plan in time to regulate Wenzhou capital's foreign investment, Wenzhou's underground money houses will become more and more prosperous. This kind of investment channel that is not visible but cannot be put on the table will sooner or later go wrong.In this sense, Wenzhou will sooner or later become a laboratory that allows individuals to invest directly overseas, and become a model for individual overseas investment methods across the country. The "Overall Plan for the Pilot Program of Comprehensive and Supporting Reform of Wenzhou's Private Economic Innovation and Development" has once again shown us a phenomenon that is almost true: policies often do not exist prior to practice, but are forced to be regulated by the situation Of.Rather than saying that Wenzhou people dare to take risks, it is better to say that Wenzhou people dare to walk ahead of policies, do things that others dare not think of, and thus earn money that others cannot.