Chapter 181: The "generous" Li Siming

Li Siming stayed in Hong Kong for half a month.

On these days, he and Zeng Zhi, including Watanabe and Yuan Hou visited Hong Kong securities industry insiders and made friends. The purpose of this trip was to plan to list Hong Kong Electric Appliances in Hong Kong as a whole. If successful, this would be the first of a similar company. Because although Hong Kong Electric Appliances is registered in Hong Kong and legally a Hong Kong enterprise, its main assets are in the mainland, its main market is in the mainland, and its main business activities are in the mainland. So far, there is no such type of company to issue shares in Hong Kong. Whether it can be recognized by the investment market is still unknown.

The purpose of listing is to obtain more funds to explore overseas markets. The parent company MSI Technology Group has long stopped investing in Xiangjiang Electric. The second is to enhance the international image of Xiangjiang Electric to facilitate the development of overseas markets. Since August 9, 1989, Changhong, an old military-industrial enterprise in Sichuan, decided to cut prices across the country, giving 50 yuan per unit to consumers, and at the same time ensure that the national tax revenue is a lot, foreign brands have been greatly impacted, including Xiangjiang.

Changhong Color TV's price cut in Changhong set a precedent for the price war in my country's color TV history. 50 days later, the country introduced a price reduction policy for color TV. This time, Changhong took the lead in price reduction, which had at least two epoch-making impacts. First, domestic color TVs got rid of the shadow of the planned economy, and enterprises truly gained the initiative in marketing their own products, laying the foundation for the marketization of my country's color TV industry. In addition, it is precisely because domestic brands have continuously distanced themselves from foreign brands through price advantages, creating conditions for color TVs to finally enter the homes of ordinary people.

In the history in Li Siming's memory, perhaps from this point on, low prices seemed to have become the only means of market competition for Chinese companies. Even foreigners have developed this habit. It seems that Chinese products are cheap products. While using Chinese cheap goods, they also talked about "threats". Li Siming is very worried about this.

Xiangjiang Electric Appliances has also been affected by some, but it has little impact. First, because of the different market positioning, Xiangjiang Electric Appliances has started to work hard when domestic colored TV plants are running full capacity to establish its brand influence; second, Xiangjiang Electric Appliances' technical research center has become the driving force for the company's development, constantly providing the latest scientific and technological achievements through technical research and development, allowing Xiangjiang Electric Appliances to go abroad and make money from foreigners; third, Xiangjiang Electric Appliances has changed its strategy and transformed and designed through technical transformation and design.

, cut costs by 8%, and make money by providing core components such as imaging tubes to domestic color TV plants. This also reflects the R&D level of Xiangjiang Electric Appliances. Li Siming, who is a technical background, has affected all shareholders and senior management personnel, and everyone has a passion for technology to decline; Fourth, the price reduction has actually greatly affected those "pure" foreign brands that have not built factories in China. Xiangjiang Electric Appliances, which have maintained rapid growth, are actually squeezing the domestic market space of these brands.

It was the price reduction action of domestic color TVs in 1989 that directly led to the internationalization attempt of Xiangjiang Electric Appliances. How could it show its own level? Li Siming and others had strong ambitions for the overseas market. After more than two years of development, Xiangjiang Electric Appliances made its mark in the overseas market. Watanabe's president of the electrical appliance company was repeating the path his compatriots had taken, so that foreigners who were not aware of the details shouted: "The Japanese are here again!"

Even during the period when China was subject to foreign sanctions, because the registered address of Xiangjiang Electric Appliances was Hong Kong, Watanabe's Japanese identity and Zeng Zhi's Hong Kong identity, Xiangjiang Electric Appliances could be protected from a large part of the losses. The color TV with Xiangjiang brand only changed "made in china" to "made in hong kong" because that was it! Other departments of the group also used similar means to escape the fate of being banned from importing key equipment and raw materials or being unable to export. This is actually what Li Siming thought of before the company was founded, and facts proved his "foresight".

However, overseas is a away game, requiring strong financial support. Electrical companies are willing but not capable, and make profits of over 100 million yuan each year, but they have to spend all of them. Looking for listing to raise funds has been put on the agenda. Since the 1990s, listing has become the dream of Chinese entrepreneurs. Some people claim that "one stock will work" and can meet the "international standards". First, state-owned enterprises, and then private enterprises, are looking to list on domestic A-shares, but they only absorb the hard-earned money of ordinary Chinese investors who dream of making a fortune. Anycall Telecom is also planning to launch a stock machine!

When the stock market first opened, investors said nervously: "How can we rest assured if leading cadres don't buy stocks!" Some people said: "Socialist stocks will never fall!" The mentality of getting rich overnight made everyone feel excited. On December 1, 1990, the Shenzhen Stock Exchange cooked rice with a ripe rice without a "birth certificate" and was ahead of Shanghai Stock Exchange for 18 days, and grabbed the title of the first stock exchange in the history of New China. The "conflict" between Shenzhen and Shanghai seemed to be further intensified. However, in August 1991, the Shenzhen Stock Exchange had a market opening in December 1990.

, it has been falling for 9 months, and the total market value has been lost to 700 million yuan. Most small and medium-sized investors entered the market during the peak stock price in October 1990 (issuance of stocks is not the same as trading on the exchange). For example, a retired worker gave his all to buy Shenzhen Jintian stock for 250 yuan per share in October last year. At this time, after splitting, it was only worth 6.00 yuan per share, which was really in tears. The same bad luck also came to the majority of shareholders of Shenzhen Development, the leading stock market in Shenzhen. Shenzhen Development split it to 29.54 yuan per share on July 30, and it was reviewed on August 17, and suddenly dropped to 10 yuan per share.

The market is panic, and the danger of a stock market crash is imminent. Investors who are accustomed to living under the planned economy but are far from adapting to the risks of the market economy are looking forward to the government.

Xiangjiang Electric Appliances does not meet the standards for domestic listing, because legally speaking, it is a pure foreign-funded company. Listed in Hong Kong, Li Siming is worried that investors will not understand the company's situation. Although Xiangjiang Electric Appliances' balance sheet is very good, it has been gradually making profits in the past three years, and has been acting in accordance with Hong Kong accounting standards in the past. But in the long run, listing in Hong Kong is more in line with the interests of Xiangjiang Electric Appliances. Li Siming and others visited the Hong Kong securities industry for a round of visits. The feedback was that they were very interested in the listing project of Xiangjiang Electric Appliances, not only because of the performance of Xiangjiang Electric Appliances in the mainland market, but also because MSI Group's overall major achievements have provided a lot of room for imagination for the market.

Several shareholders considered it over and over again and decided that the Hong Kong listing plan remained unchanged, and the rest was the work of investment experts and accountants.

After ending the Hong Kong affairs, Li Siming flew straight to Beijing in a hurry. He was born to work hard. Because the big boss of Microsoft in the United States came to China for the first time. As half of the owner and shareholder, Li Siming of course had to accompany him throughout the journey. Li Siming had known for his first trip to China for a long time that he wanted to explore the Chinese market and had put the work of Windows 3.0 Chinese version on the agenda.

Li Siming is in a strange mood now, because he had a lot of opinions about Microsoft in his previous life and agreed with "pirated versions are reasonable". But as a shareholder in this life, he can't think so, right? Li Siming felt like he was bringing a wolf into the house. I'm afraid that in the near future, Zhongguancun's series of Chinese software might end. But then again, on June 8, 1991, Fuzhou held the first national "Windows" technology conference. It is a prophecy itself: "Windows" are unstoppable and will become a climate. This time, all of China knows that there is a Wang Zhidong and his plug-in Chinese platform in Zhongguancun.

Because Li Siming, the Chinese version of the window was put on the agenda earlier than the original history, and it would be unstoppable. Li Siming could imagine that at the end of next year, domestic Chinese systems or plug-in Chinese platforms would gradually enter history. He didn't know whether he should be happy or sigh, and he didn't know what position he should take when piracy is rampant in the future.

After Li Siming and Gates met in Beijing, they went straight to relevant ministries and commissions, while Li Siming was the "support". Gates was 36 years old and Li Siming was 34 years old. These two young rich men attracted everyone's attention when they first appeared together. However, Gates is a real rich man, and Li Siming has only had a treasure that is urgently developed so far. Li Siming was very dissatisfied with Microsoft because Microsoft rarely distributes dividends and kept allocating shares and increasing shares. In order to protect his equity ratio, Li Siming kept adding money to it. In other words, the huge Microsoft wealth he owned was just on paper. He was reluctant to transfer part to public investors because Windows 95 had not yet come out, and he was the real overlord at that time!

"In this decade, maybe these two young technology elites dominate the world!" Some people commented like this while enviing the wealth they have.

Major mainstream media in the United States have also reported this appearance. People are discussing the role Li Siming played in Microsoft's history, and they have to admire Li Siming's investment vision and foresight in software.

But Li Siming was very depressed because Gates took out a check of 2 million US dollars in a casual manner, saying that he would donate it to the disaster area in China. Li Siming finally auctioned his collection in Hong Kong and entrusted the donation. Now Li Siming felt a little painful. He didn't want to be called "rich and unkind" by the Chinese people. It was just that he was really tight on his hands, but he gritted his teeth and "donated generously" with great pain. He also donated RMB equivalent to two million on behalf of MSI Group.

"What if Gates is more generous?" Li Siming didn't dare to secretly scold Gates for being stingy. As a Chinese, he could not be compared by foreigners.

After visiting various departments of the country, Gates visited Zhongguancun. These two people were popular figures in Zhongguancun, both of which can be called technical heroes and wealth myths. Especially Li Siming, an unknown figure earlier, quietly did a career that was praised by all Chinese people in Shenzhen, which made people in Zhongguancun admire him even more. However, Li Siming accidentally discovered pirated software while visiting.

"I admire it very much. This is a hot land that is brave enough to explore and explore. A group of people with ideals have made their own efforts and achieved fruitful results. But I personally believe that the business system here is the result of a combination of the desire to make money and random collisions. It is not invented by technology, but from the application of technology. On the one hand, it is the worship of technology, and on the other hand, it is the pursuit of profits. It is too eager for quick success and instant profit and pragmatism. I am not very optimistic about the future of Zhongguancun. When will I have my own core technology or the first creation, it can be called the "China Silicon Valley." "Li Siming came to Zhongguancun for the first time and had to give an evaluation at the request of reporters.

Li Siming's evaluation is not satisfactory, and even pours cold water on some people's pride. The words are unpleasant, and Li Siming doesn't care. You want me to evaluate it. In fact, a considerable number of related high-tech enterprises have accumulated around Shenzhen MSI, either MSI's customers or MSI's suppliers, which have formed a considerable clustering effect. As Li Siming once expected, the point leads to the whole is increasingly showing the demonstration and driving effect of MSI. Perhaps one day Shenzhen will replace Zhongguancun, which is not a whim.

"Microsoft is very confident in launching a Windows Chinese system, which will meet the Chinese market's demand for this convenient software. We promise to consider the purchasing ability of the Chinese market and supply the Chinese market at the best price." This is Gates' speech at the signing meeting with his partner Great Wall Group in Shenzhen. He listened to Li Siming's suggestions.

The best price? Even the best price, Chinese people will think it is too expensive, and Li Siming also thinks it. Li Siming can already predict the future piracy situation in the market, and he doesn't seem to be worried, as if it has nothing to do with him, because he always feels that he has made a profit.

"The old rules, as shareholders, we do not interfere in Microsoft's internal affairs." Li Siming seemed to want to separate himself.
Chapter completed!