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Qin Mu spent almost the entire Spring Festival holiday thinking about stocks. This was because issuing stocks not only provided companies with a financing platform and shared risks, but also had a dark side, such as capital plunder and risk transfer.
If it is launched hastily without careful consideration, its positive side may not be fully utilized, and its brutal side may bring disaster to the country and ordinary people.
In the Jianjia Palace, ambergris wafted out of the beast furnace. Qin Mu picked up a pen and wrote on the paper:
A branch does not have an independent company name, company charter, independent property, or legal person status, but it can obtain a business license (not a corporate business license) and conduct business activities under its own name. Its civil liability shall be borne by the head office.
A subsidiary has legal person status. A subsidiary and its parent company are legally independent enterprises and the subsidiary bears civil liability independently in accordance with the law.
These days, Li Xiangjun and Liu Rushi both served in Mo Jianjia Palace. They could see that the emperor seemed to be drafting a legal document, which had already been detailed to the extent of branches and subsidiaries.
From the few lines he just wrote, it is not difficult to see the difference between a branch and a subsidiary.
They always thought themselves to be very talented, but they knew nothing about what Qin Mu had come up with and could not help at all.
Look at Qin Mu, who sometimes closed his eyes in contemplation and sometimes wrote quickly. This man who had failed the imperial examination three times, was so knowledgeable that Li Xiangjun and Liu Rushi were amazed and their admiration for him was difficult to express in words.
Qin Mu wrote a lot more before he put down his pen and stretched. Liu Rushi hurried over to massage his shoulders, while Li Xiangjun said distressedly, "Your Majesty, if you are tired, take a rest. How about this, Your Majesty, you decide. I will write it."
Qin Mu smiled and said, "That's fine, Xiangjun, come here."
Li Xiangjun didn't dare sit on Qin Mu's big chair. She spread out the writing paper on the small table next to her and waited: "Your Majesty, what's next? I'm ready."
"Let me think about it."
Qin Mu leaned back in the big chair, enjoying Liu Rushi's gentle massage while closing his eyes and thinking. After a long while, he slowly said, "The registered capital of a limited liability company is the amount of capital 'subscribed' by all shareholders registered with the company registration authority (not the paid-in capital).
The initial capital contribution of all shareholders shall not be less than 20% of the registered capital, nor less than the statutory minimum registered capital (5,000 dragon coins). The remaining part shall be paid by shareholders within two years from the date of establishment of the company, of which the investment company may pay it within five years... ... ... ”
Qin Mu's family had many businesses in his previous life, including a listed company. He knew very well that there were many intricacies involved. To launch the stock market as a financing platform, a series of supporting laws and corresponding supervisory agencies such as the Company Law and certified public accountants were indispensable.
Otherwise, the stock market will become a black hole where capitalists plunder crazily.
The emergence of joint stock companies has led to the separation of corporate ownership and use rights, resulting in the company's investors not directly participating in the company's operations;
At the same time, government finance and taxation departments and relevant competent departments, banks, corporate creditors, potential creditors and other relevant stakeholders will pay close attention to the business conditions and results of the enterprise to protect their own interests.
To put it more bluntly, the securities market is a platform. Stocks are commodities, and intermediaries are needed to reveal whether the commodities are as legal and fair as they claim. Finally, powerful national agencies are needed to conduct post-event supervision and punishment. There must be involvement before, during, and after the event.
So who will identify and disclose the true nature of the goods? This requires a relatively neutral organization, the certified public accountants.
Certified public accountants should audit the finances of joint-stock companies or financial reports in specific areas from a neutral perspective and with their professional knowledge of finance and taxation.
Certified public accountants conduct audits and notarizations, detect errors and prevent frauds for the purpose of protecting creditors, protect the safety and integrity of corporate assets, and ensure the legality and fairness of corporate profit formation and composition for the purpose of protecting investors.
In other words, to launch a stock trading platform, preliminary laws and a sound financial audit system are absolutely indispensable.
Among these, certified public accountants are particularly important. Without them, the company's managers can wantonly encroach on the interests of the company's owners, that is, every shareholder, and create a large number of economic bubbles.
What Qin Mu asked Li Xiangjun to write was the relevant legal and institutional framework in this regard, as well as the establishment of some necessary supporting institutions.
He basically said whatever he thought of, and Li Xiangjun didn't care. She just wrote down everything he said word for word and let him organize it himself later. There was no other way. They knew too little in this area and couldn't help him organize it even if they wanted to.
However, Liu Rushi's skillful massage technique made Qin Mu's body slowly relax. He became a little lazy and his mind was no longer thinking about anything.
This won't do. He simply hugged Liu Rushi in his arms, caressing her round and smooth body with his hands, while saying to Li Xiang: "CPAs have two yardsticks in their hands. One yardstick is used to measure whether the company's financial reports comply with the financial system formulated by the state, to ensure that everyone has a unified caliber for accounting of financial results; the other is their own professional yardstick. It is similar to judicial independence and fairness."
Liu Rushi's charming and charming face was rosy, but it was not because she was embarrassed in front of Li Xiangjun, which was nothing. Since ancient times, kings have had three palaces, six courtyards, and seventy-two concubines, and countless beauties in the harem;
Some emperors made a large number of beauties take off their clothes and lie in a row, then rolled over them and visited whoever he stopped on. There were all kinds of tricks that you could not imagine, and there was nothing they dared not do.
Although Qin Mu was not an extremely licentious emperor, he was still in his twenties, so it was common for him to sleep with Li Xiangjun and Liu Rushi. This kind of thing was also common in ordinary official families.
Liu Rushi's face was bright red, not because of shyness, but purely a reaction of the body. There was geothermal heating in Jianjia Palace, warm as spring, she didn't wear much, Qin Mu was very considerate of people's clothes, at this time, her clothes were already messy, half covered, the two snow pears on her chest fell into Qin Mu's hands, changing shape with his hands... ...
"Your Majesty, is there anything else?" Li Xiangjun looked up and asked in a strange voice, soft and sticky. She bit her moist cherry lips and tried not to look at Qin Mu's movements.
Qin Mu's hand movements not only did not affect his thinking, but on the contrary seemed to be somewhat helpful. He said in a brisk tone: "In addition, there is another problem that must be paid attention to, that is, there is no pre-market guidance, and the entry threshold is too low, which leads to companies falsifying their performance and deceiving investors. Then, after raising money, due to subjective and objective reasons, the company goes bankrupt or suffers a huge loss, and finally suspends trading. At that time, the shareholders' money is lost. This is also something that must be guarded against."
"Yes, I'll write it down right away..." Li Xiangjun heaved a sigh of relief, calmed herself, and quickly wrote down what he said. When she was halfway through, she heard Liu Rushi's slight, whimpering moan coming from the other side of the imperial table, which made her pen tremble and the horizontal line she wrote was almost crooked.
She pinched herself, secretly blaming herself for not being good enough, and then couldn't help pouting. This man was just bad, making her uneasy. She felt that all her strength was drained away, and she could hardly hold the pen. Her mind would involuntarily recall the past when several people slept together and served him together. If she hadn't had these past experiences, she might not be like this now.
Liu Rushi's charming voice was getting louder and louder. Li Xiangjun couldn't help but look at her from the corner of her eye. She was sitting in Qin Mu's arms, her skirt dropped to one side, her breasts and buttocks were shining pink, her right hand was reaching under her body to feel around, and then she was seen slowly sitting down, her body seemed to tighten little by little...
Li Xiangjun's breathing also inexplicably became rapid. She quickly turned her head away and realized that there was something wrong with her body. Her skirt was wet and hot...
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Ps: Dear friends, this chapter has once again shattered my chastity. What are you waiting for? The double monthly ticket war is in full swing. The content has been added. Please give me your monthly tickets. I urgently need monthly tickets! I urgently need monthly tickets!
.(To be continued..)
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