Chapter 105 Cool Thoughts on the Fever of Private Investment

The vigorous "Shanxi Coal Integration" has set off a new round of promotion climax, hundreds of billions of private funds are surging in, and the market's "investment hunger" is seriously affecting the survival decisions of coal bosses who hold a lot of money. In the face of the turbulent "tsunami" of private investment in Shanxi, how to guide this upsurge of private investment scientifically and rationally is an urgent topic before the government and the private sector, private enterprises and state-owned enterprises. In this wave of investment, we have the following "cold thinking":

First of all, after the "Shanxi coal integration", the rational flow of private funds is a new economic issue, and the government should first play a good "guiding role".We know that after this "integration", a large number of coal bosses will withdraw from the coal coke field, and the huge number of Shanxi private capital accompanying them will form a "spillover effect".In this regard, all parties in the society dare not neglect, and the attitude of the government is even more cautious. It is reported that the local government of Shanxi spent four months investigating and discussing the exit of Shanxi private capital from the coal coke industry before it came up with this public Opinion.

It should be noted that the "Opinions" promulgated by Shanxi is "legal to follow", because before that, the National Development and Reform Commission has issued "Several Opinions on Promoting and Guiding Private Investment".It clearly stated that the field of private investment should be gradually relaxed. Specifically, it is to encourage and guide private investment to participate in the construction of commercial infrastructure and public welfare projects in the form of sole proprietorship, cooperation, joint operation, equity participation, and franchise operation.

The relevant policies issued by Shanxi Province are to make the opinions of the National Development and Reform Commission concrete: PPP (public-private partnership), BT (construction-transfer), BOT (construction ——operation—transfer), TOT (transfer—operation—transfer) and other investment operation forms, and then guide private capital to fully enter the field of infrastructure and public services. Secondly, the previous "special treatment" of private capital in the market of "uncle does not love and grandma does not love" will change. When the coal bosses withdraw from the coal industry, they will generalize into private capital in the general sense.As far as private capital is concerned, no matter which field it enters, it will inevitably encounter the problem of industry entry threshold.In front of "state-owned assets", "private assets" appear to be "short of reason" and become a "foster baby" who "doesn't care about uncle and grandma".Therefore, when the coal bosses are trying to transform this time, it is particularly important whether they can enjoy the "national treatment" fairly.

Third, the transformation of the coal industry should not take a "sharp turn", and private investment should also conform to the objective laws of the economy. It must not be rushed, but "steady and fast". The Shanxi Coal Boss holds huge sums of money, but it is easy to get lost in the "big right and wrong" of the direction of industrial transformation.This fact tells us that private capital investment channels are narrow, and the government still has a lot of work to do in terms of investment threshold, land supply, environmental capacity, and financial support.

Fourth, private investment should be carried out according to one's ability, "seeing the rice in the pot", "because of capital", "because of oneself" and "because of the market".This sentence is for those enterprises and coal bosses who "often have high ambitions but no down-to-earth actions". Project investment is highly arbitrary, and enterprise development depends on feeling and develops based on experience.This is a behavior that completely runs counter to the concept of modern enterprise management and development. This is the long-term "thinking mode" of coal bosses under the negative influence of the "profiteering inertia" formed by the development of the coal industry.

In the long run, their so-called "thinking mode" has a fatal impact on their own life and career paths, which shows that they have not yet corrected their role in the market economy. There are indications that, in the face of a new round of turbulent private investment, the government is thinking, and coal bosses are also thinking.