Magus asked Dulin this question, and it was also a question that Dulin planned to communicate with Maggs. When a city is packaged and listed, it must comply with the currently implemented stock and securities laws. So after the listing is successful, do investors and shareholders have the right to accept the supervision of investors and shareholders in accordance with the principles that other stocks need to abide by? If supervision is accepted, will this supervision method cause problems in the construction of Odis City? If supervision is not accepted, how can the interests of investors be ensured
Hull... that is, the manager raised many issues that need to be faced in the brief exchange with Dulin. Some of them are very pertinent. It can be said that this guy is indeed thinking about himself. There are some things Dulin can't decide. He is not the master of this empire and cannot completely let policies and regulations be structured according to his own ideas, so he needs to communicate with Mags.
"Can I hear what you think?" A lady brought a pot of scented tea and some pastries. Judging from the appearance and temperament of this lady, she was definitely not an ordinary maid. Plus this lady's age, if If nothing else, it should be Maggs' wife. Mags also had a very easy-going attitude towards her, and introduced her with a smile, "This is the young man I often talk about, Du Lin." He looked at Du Lin, "This is me ’s wife, Terri.”
Du Lin stood up immediately, with a very innocent smile, and bowed slightly, "I am very honored to be able to meet such a beautiful lady like you. Good morning, Mrs. Terri."
Terri laughed, and while placing the teapot, cups and pastries on the table, she praised Dulin, "My husband often talks about you in my ears, saying that you are a very good mayor. Listen, "It's very lively over there in Otis. When the weather gets warmer, I'll go over and have a look." After saying that, she took back the plate and said, "I'm also very happy to meet you, Mr. Dulin."
"You guys talk, tell me if you need anything!"
After Mrs. Terri left, Dulin sat back. Under Mags's encouraging eyes, he picked up a piece of pastry and took a bite. What can I say about this kind of pastry? It tastes much worse than Dulin imagined. He thought that the pastry Magus ate must be very delicious, but in addition to the rich honey fragrance, the cake in his hand was only sweet. taste. Of course, he wouldn't say it wasn't delicious. That's the truth only a fool would say. He ate the pastry in his hand and nodded, "It's very delicious. Can I take some with me when I leave?"
Mags was stunned for a moment, then laughed loudly, "Okay, I believe my wife likes your request very much."
After eating a piece of pastry and taking a sip of scented tea, Du Lin organized his thoughts and began to talk about his original weird idea of making the city "listed", "You should know that I had a conversation with Mr. Rani, and you It is also known that about 85% of the tax revenue of the city of Otis will be paid to the Imperial Tax Administration. In this case, the funds that the city hall can retain will become quite small.”
"We have paid 37 million in taxes this year, leaving about 5.5 million. In addition to using this money for railway construction and urban infrastructure construction and maintenance, the remaining funds are no longer available. Let the city continue to make great strides in development.”
“And more and more capitalists are gathering in Otis City. They may not show their fangs yet, but I believe that one day, these people will not be satisfied with the current taxation method in Otis City, nor will they be satisfied. Given their social status in the city, they will definitely try their best to undermine the current construction and rules of Otis City. I have thought of many ways, but most of them are ineffective because I cannot accurately grasp whether my successor will be the same as me. They have the same governance philosophy and goals.”
"Once something goes wrong with the successor, the capitalists will soon wave their money and start to corrode everything that can be corroded. In the end, Otis City will no longer be the most important blood-forming organ of the empire, but will become a playground for capitalists to make huge profits. That’s why I thought of going public. Going public will indeed bring some disadvantages to the city, but at the same time, you should be able to notice one thing, which is the ‘transparency’ of listed companies.”
“Being subject to limited supervision by more people promotes the transparency of the entire Otis City system. No matter who attempts to obtain more interests that do not belong to themselves by any means, more investors and stockholders will help. We stare at him, then expose him and punish him. What he stole was not the interests of the city hall, not the interests of the empire, but the interests of the overall stock investors!”
When Du Lin said this, a flash of lightning ripped through the thick dark clouds in Mags's mind. He suddenly understood what kind of assumptions existed behind Du Lin's ridiculous plan to take the initiative to promote a city to be packaged and listed.
That’s right, it’s the power of supervision!
If a company in Otis City has very good-looking financial statements but suffers losses, then this must be a problematic company that is stealing the interests of all investors. If the city's overall operations are about the same as last year, but the overall tax revenue is a lot lower, then there is something wrong with City Hall.
The capitalist's operations in Otis City are supervised by another group of capitalists. If he takes actions that are harmful to another group of capitalists, those people will definitely not choose to remain silent. Using the power of capital to regulate capital and make capitalists enemies of each other is Dulin's purpose in promoting listing. With these capitalists helping him supervise Otis City, they will be a stable second firewall for Otis City.
Mags thought for a long time. He always felt that something was wrong, but he couldn't explain it. First of all, he made it very clear that the initiative in this matter was entirely in the hands of the imperial cabinet. He only needed to issue a decree declaring that the listing of Otis City on the securities market was "illegal". The reason he admitted in the past was that he had been "deceived." Then you can take back all the control right away.
Yes, this is a hooliganism, but it works.
Perhaps it was because the leadership was firmly in the hands of the cabinet, so Maggs couldn't find anything he felt was wrong. It seemed that Dulin's idea was very correct, and he even began to consider whether it could be applied to other special zones.
Magers soon put his divergent thinking back and asked a question, "We all know that stocks will rise because of some good news, and they will also fall because of some bad news. If Otis is listed, If prices fluctuate, will it have any impact on the city? If someone maliciously manipulates prices to achieve some purpose that we don’t know, how should we respond? "
This is a very serious issue. The rise and fall of stocks is directly related to the situation of the company. In turn, the current survival situation of the company affects the stock price. If Otis City can maintain healthy economic conditions and positive economic growth, Otis City's performance in the stock market will never become a joke, only a myth.
There is another situation here, which is whether someone will manipulate the stock price to obtain certain benefits, such as spreading rumors and short selling by big market makers, forcing abnormal fluctuations in valuations.
Dulin has also considered this and asked Hull. Hull's answer still seems to be lingering in his ears. He told Maggs, "If someone can control more than 100 million people, If funds are used to short a stock, and the market value of this stock will continue to increase in a stable and rapid manner in the next ten years, then the empire can consider whether someone is thinking of subverting the empire. "
"Such a huge amount of funds will inevitably involve several consortiums and more capitalists, and even federal people will intervene, otherwise they will not be able to come up with the money!"
Du Lin's answer was affirmative. He spent 50 million to stir up trouble in the federal government. It seemed that only a dozen people had pooled the money together. It seemed that the money could be easily raised. But what about the facts? Look at who are the participants. In addition to the big capitalists, there are senior aristocrats like Maggs, who is also the current leader of the New Party. There is the Empire’s Ministry of Finance, there is the Empire’s largest economy, the Empire’s Central Bank, and there is the largest money laundering bookmaker Poker organization in the Western world!
Just because these people can raise so much money doesn't mean that others can too. If those consortiums don't want their industries to go bankrupt one after another due to the rupture of capital flow, they'd better ensure that they have sufficient funds in their hands to fight against market irregularities. risks of. As for taking the money to sit in the bank
Maybe three to five million to ten million is the limit. How many consortiums are needed to come up with this amount of money
The forces that are able to collect this amount of money use it to short a stock that will definitely not fall into the abyss, and may even give them a head-on blow. Are they too courageous, or are their brains rusty
"Furthermore..." Du Lin lowered his head slightly and smiled, "If this situation really occurs, it would be a good thing. The cabinet issued an announcement asking the China Securities Regulatory Commission and the Central Bank to investigate the funds at the same time. With the operation of Otis City, this money will be swallowed up in our stomachs!”
Magus nodded. Dulin had considered it thoroughly. Of course, there are still many details that need to be studied. In order for Dulin's Otis City to be listed on the market, at least some legal provisions need to be formulated and supplemented to cooperate with the following. harvest work.
That's what he thought, harvest. From Dulin's point of view, the biggest insurance in Otis City is not a certain person or organization, but the empire itself, the empire's government and ruling party. Since he already had such an idea, he might as well flesh out his idea.
For example... garrisoning troops in Otis City? !
This is a good idea!
(End of chapter)