"The Great Game": Why did Sun Heping list "Beijing Machine" in Hong Kong instead of in China?

In the TV series "The Great Game", Sun Heping ( Qin Hao ) was taken over by the old secretary Qian Jianguo ( Du Yuan ) and took over the hot potato of the "Beijing Machine" factory.

​​Sun Heping, a salesman, is familiar with market laws, economic policies, and capital operations.

​​In order to avoid the bankruptcy of " Beiji " and revive the company's glory, he found a classmate Liu Bing ( Tian Yu ) who is a capital predator and one of the "Three Heroes of the Han Dynasty", expecting him to inject capital into "Beijing Ji" .

​​In order to block Sun Heping's mouth and take care of the friendship of his classmates, Liu would rather donate 2 million bravely than be a pick-up man.

​​Sun Heping closed the gap of 18 million funds in order to fulfill the promise of salary payment by employees.

​​He went to the door again to seek common ground with Yang Liu ( Tan Kai ), a senior who is one of the "Three Heroes of the Han Dynasty" and the leader of the Hanzhong Group.

​​In the end, Sun Heping was forced by Yang Liu to sign an alliance under the city, and Hanzhong Group reorganized the "Beijing Machine". After the reorganization of

, "Beijing Machine" received capital injection and secured loan from Hanzhong, the factory heard the roar of the machine again, and "Beijing Machine" began to resume work and production.

​​However, "Beijing Machine" has suddenly become a second-level subsidiary of Hanzhong Group from an old heavy industry enterprise in the city, which is unacceptable to Sun Heping, who has deep feelings for "Beijing Machine". If

, as a "Beijing Machine", wants to have a decisive voice in Hanzhong Group, it can only speak with capital and equity . Whoever has a larger share of

​​can hold , and whoever is the uncle.

​​So, Sun Heping reformed the factory into a new joint-stock group, and made a subscription for shares within the employees, successfully won 30 million shares, and initially had the strength to challenge Hanzhong. It laid the foundation for listing in Hong Kong three years later.

​​So the question is, why didn't Sun Heping choose to list in China instead of Hong Kong?

​​now starts knocking on the blackboard. If Sun Heping chooses to go public in China, it is simply impossible for a company like "Beijing Machine" that is close to bankruptcy and reorganization.

​​For China, the stock exchange has a strict indicator for listed companies, that is, the key point is to check whether the performance growth rate of the company to be listed in the past three years is stable enough.

​​At this point, the "Beijing Machine" factory, which has just started to improve, does not meet the standard at all, and will be killed directly.

​​Moreover, it takes a long time to list a A stock in China. There must be a long-term indicator assessment. After successfully passing, it needs to enter a more complicated review process, which often takes a long time.

​​Even if all the main conditions of "Beijing Machine" meet the requirements, it is successfully launched in China. Then, Sun Heping will completely lose control of the "Beijing Machine". One of the conditions for

​​to be listed on domestic A shares is that the equity must be clear, and the equity and control rights must be highly consistent. As a subsidiary of Hanzhong, "Beijing Machinery" only holds a minority of shares, so naturally the control of the enterprise is handed over to Hanzhong. This is the last result Sun Heping wants to see.

​​At the same time, in the play, as a "Beijing Machine" factory with "fund thirst", there is no time to wait, unless it is to die.

​​On the contrary, if the "Beijing Machine" is successfully listed in Hong Kong, it can ensure that the "Beijing Machine" factory under the leadership of Sun Heping has a higher voting power with less equity and achieves the purpose of controlling the enterprise.

​​Moreover, the threshold for companies to list in Hong Kong is low, which is different from the domestic audit system but the filing system. In terms of the review cycle,

​​can generally be listed within six months. After listing, it can attract overseas investorsinstitutions and investors.

​​The stocks of domestic companies listed on the Hong Kong Stock Exchange are called red chips because of their relationship with Red China. Sun Heping in the

​​drama brought the "Beijing Machine" factory to Hong Kong for listing and financing, which is the fastest and most effective way to raise funds.

​​has laid the groundwork for the ongoing "arms race" between him and Hanzhong, by continuing to issue additional shares, expanding the internal subscription quota, and increasing the weight of "Beijing Machine".

​​also laid a solid foundation for him to stir up the capital market , swallow the Hanzhong Group several times in and out, and earn money under the command of "Beijing Machine".

​​and above are original works of the history of rigid and soft classics, and will continue to output more high-quality articles, looking forward to your long-term attention and support.