113. I will leave it to you in the future (on the shelves, please order the first time)

"I actually also wondered if I could use the company to trade stocks in the United States, and if I could make money, wouldn't it be more conducive to our careers abroad?"

Cao Yang said with a guilty smile.

Liu Zhiping and Xiong Xiaoge both laughed.

Young man, he really dares to think about anything.

Xiong Xiaoge smiled and said, "The stock market is risky, you need to be cautious when entering the trap. If you make money, you will have a small probability, and you will have a high probability of losing."

"It's okay, I'm just asking." Cao Yang smiled.

He turned around and looked at Liu Zhiping, "So the company has a foreign exchange account and can't trade stocks in the United States, right?"

Now the application for Bomi Company’s foreign exchange account has passed the approval, Bomi has its own foreign exchange account.

"No." Liu Zhiping shook his head, "You are under a regular project. You can do investment, mergers and acquisitions and normal business, but as long as it involves the investment, the national review will be extremely strict."

"And corporate stock trading is not very cost-effective," Xiong Xiaoge said. "Although there seems to be no substantial difference between corporate stock trading and individual stock trading, the company has to pay."

"Then if you find an agent to open an account, is this account the name of the company, or is it equivalent to registering a new company?" Cao Yang continued to ask.

Liu Zhiping thought for two seconds, "It is more convenient to re-register a company in Hong Kong, because opening an account in Hong Kong requires a proof of address, so it is still quite troublesome for mainland companies to open an account in Hong Kong.

You can entrust some institutions that specialize in these, and they handle it faster."

"Then how do these two accounts be related?" Cao Yang asked in confusion, "If the company has other shareholders, will there be no problem in registering a new company in Hong Kong?"

Liu Zhiping asked, "Which two accounts did you mention?"

"This one registered by mainland companies and Hong Kong."

Hearing Cao Yang's words, Liu Zhiping laughed in silence, "A mainland company can set up a wholly-owned subsidiary in Hong Kong."

"Oh, I get it."

Cao Yang nodded.

If the wholly-owned subsidiary is not listed and the only shareholder is the parent company in the mainland, there will be no big problem.

"How can the money earned by a wholly-owned subsidiary be divided with shareholders?"

Liu Zhiping said, "The only shareholder of the subsidiary is a mainland company, and the profits can be transferred back to the parent company through the shareholders' meeting resolution.

According to the current domestic tax laws, if a subsidiary gives the after-tax profit to the parent company in the form of dividends, there is no need to pay corporate income tax.”

"I understand, I understand."

Cao Yang had never run a company in his previous life. He was a retail investor when he was trading stocks. He had never carefully understood the details and complexities in the middle. Now, after Liu Zhiping's explanation, he probably had some outlines.

"The parent company registers a wholly-owned subsidiary in Xiangjiang and then lets the subsidiary trade in stocks in the United States, which is more convenient and does not have to be subject to too many restrictions by mainland laws." Cao Yang thought, "Does the subsidiary still need to open an account in the United States when trading in stocks in the United States?"

"You don't need to open an account in the United States," said Liu Zhiping's eyes lit up, which involves the field he is good at. "Many brokerages in Xiangjiang are agents for opening accounts in US stocks, you can just find a reliable one.

If you have a large amount of funds, you can contact us Goldman Sachs Asia Investment Bank. Our business level is the highest in the entire Xiangjiang River, and the company is large in scale and its reputation is absolutely guaranteed."

Liu Zhiping promoted himself in a timely manner.

Although I'm telling the truth, I always feel that Wang Po is a bit suspicious of selling melons.

However, when Cao Yang heard his words, he was extremely happy.

Others don’t know Liu Zhiping, is he still not clear?

In his previous life, Cao Yang was a Penguin employee for n years. In the speeches held by the general manager every year, Liu Zhiping would report on the company's future strategic direction. He has been the main strategy developer of Penguin since 2005. Cao Yang can still trust this person's ability.

If Liu Zhiping could be poached, it would be even better if he could serve as the head of Bomi's strategic department. This would be like a big housekeeper, and Cao Yang would be happy to be idle in the future.

Seeing Cao Yang's gaze, for some reason, Liu Zhiping felt for no reason.

I always feel that look is particularly terrifying, as if I want to eat him.

It was the look of a ferocious beast staring at the prey.

"What about paying taxes? If you make money in US stocks, you need to pay taxes to the United States, right? Do you still have to pay taxes in Hong Kong?" Cao Yang continued to ask.

Xiong Xiaoge next to him smiled politely.

This young man is really optimistic. He never thought that he would lose money on the US stock market at the beginning, right?

But if you are not prepared to lose money, how can you make money?

You should know that the water here is very deep, and you may not be able to play around, and it is possible that you will lose money as soon as you enter the market.

"There is no such tax in our country, and of course our country will not hedge losses." Liu Zhiping explained, "So, the subsidiary is open in Xiangjiang, so there is no need to pay capital gains tax.

Generally, shareholders of listed companies do not receive salaries, but receive dividends from stocks.

Of course, our country is a bit special. Domestic companies generally do not pay dividends because dividends have to pay personal income tax. Listed companies pay 20% of their dividends and 10% of their non-listing.

For companies in the rising period, dividends are simply a waste of time.

The 10% tax doesn't seem to be much, but it's actually terrifyingly terrible to convert to numbers.

And if you make dividends, the money will flow to individuals. It is better to use it to continue to expand the company, invest, and make stocks appreciate, and then shareholders will get more money by reducing their holdings."

Liu Zhiping said it very simple and rough, but this is indeed the reason.

"In the future, if the parent company wants to do business overseas, it must first transfer the money to the subsidiary and then carry out operations, right?" Cao Yang asked in confusion, "Are you going to collect taxes during this process?"

"If it is the normal business of the parent company, there is no need to go through the subsidiary. The parent company has a foreign exchange account and import and export business, and it will be done normally."

"Huh?" Cao Yang frowned, "That subsidiary is specially used for stock trading?"

Liu Zhiping smiled and said, "Well, if you are isolated, the enterprise also needs to establish an isolation firewall between various businesses."

One advantage of isolation is that the risks of the subsidiary do not need to be borne by the parent company unless the parent company guarantees it.

So many times, in order to avoid risks, enterprises will set up a wholly-owned subsidiary to operate.

I remember that JD.com had several wholly-owned subsidiaries back then.

What are you doing specifically? Only God knows.

"OK."

At this point, Cao Yang has almost clarified his thoughts.

He stood up and stretched out his right hand to Liu Zhiping, "I plan to register a wholly-owned subsidiary in Xiangjiang in the near future and then enter the US stock market, hoping to entrust Goldman Sachs to help open an account and operate it."

“Hey?”

Liu Zhiping was stunned for a moment, but he didn't expect that Boss Cao made such a quick decision.

He also quickly stood up, stretched out his right hand, and held Cao Yang together.

...
Chapter completed!