Chapter 1470: Growth Enterprise Market!
Rebirth of a Perfect Future · 第1470章 创业板!
Zhao Fusheng was not a particularly picky person; regardless of who or what it was, as long as it was passable in his eyes, he wouldn't delve too deeply into it.
Since Boss Yang chose to compromise, in Zhao Fusheng's view, there was still a possibility for Future Group and Boss Yang to continue cooperating. As for when they would fall out, that depended on when their interests clashed.
Who could say for sure about the future?
He had Wu Sijie notify Ye Jing that they could proceed with the collaboration plan for the film "Million Dollar Baby." As for the specific investment and profit-sharing ratios, those would be determined through negotiations.
As for the investment amount, since Jackie Chan was involved, it was bound to be a big production. Zhao Fusheng also told Ye Jing not to worry about the budget; this film had to be made into a blockbuster.
The reason was simple: Zhao Fusheng's goal was for Future Film and Television to go public in the future.
This was no joke!
Future Group would definitely not go public, but as a subsidiary of Future Group, Zhao Fusheng felt that Future Film and Television could consider listing on the Growth Enterprise Market.
Simply put, Zhao Fusheng intended to let Future Film and Television follow the same path that Huayi Brothers had taken in his previous life.
In his previous life, at its peak, Huayi Brothers had a market value of over 90 billion RMB. Although later, due to involvement in power struggles and a female celebrity's tax evasion being reported, its stock price fell below five yuan and its market value evaporated by more than 70 billion.
Even so, in Zhao Fusheng's view, this was a path that Future Film and Television could replicate.
The reason was simple: the cultural and entertainment industry would still occupy a very important position in China's future economic landscape.
Of course, one had to eat one bite at a time and do things one step at a time. Zhao Fusheng also knew that under the current circumstances, it was not easy for Future Film and Television to go public.
Just the IPO hurdle alone was not easy to pass.
He would have to wait until the domestic second-board market officially opened before he could proceed with this matter.
Of course, he would also start preparing for this in advance now.
...
...
Three days later, at Future Group headquarters, in the chairman's office.
Going public?
Zheng Yao looked astonished, staring at Zhao Fusheng as if he were a mental patient.
What, is going public so strange?
Seeing Zheng Yao's reaction, Zhao Fusheng smiled and asked, "I think you should like this proposal of mine."
She shot him a displeased look and said coldly, "Do you think I'm a fool or an idiot? If I remember correctly, you've said more than once that you hate the idea of taking a company public, that it's a scam and walking a tightrope. And now you're telling me you want to take the company public? Do you think I can believe that?"
Zhao Fusheng smiled slightly. "I never said it was Future Group going public. What do you think about having Future Film and Television and Future Advertising go public and participate in the Growth Enterprise Market?"
As he spoke, he handed Zheng Yao a document.
Growth Enterprise Market?
Zheng Yao was stunned and instinctively took the document to read it.
The Growth Enterprise Market, also known as the second-board market, is a type of securities market different from the main board. It is a securities trading market that provides financing channels and growth space for entrepreneurial enterprises, small and medium-sized enterprises, and high-tech industrial enterprises that cannot yet be listed on the main board. It is an important supplement to the main board market and holds a significant position in the capital market.
Compared to the main board, the listing requirements for the Growth Enterprise Market are often more relaxed, mainly reflected in requirements such as establishment time, capital scale, and medium-to-long-term performance. The biggest feature of the Growth Enterprise Market is low entry barriers and strict operational requirements, which help promising small and medium-sized enterprises obtain financing opportunities.
Most companies listed on the Growth Enterprise Market are engaged in high-tech businesses with high growth potential, but they often have shorter establishment times, smaller scales, and unremarkable performance, yet they have significant room for growth. It can be said that the Growth Enterprise Market is a stock market with low thresholds, high risks, and strict supervision, as well as a cradle for incubating technology-based and growth-oriented enterprises.
Developing the Growth Enterprise Market in China is to provide more convenient financing channels for small and medium-sized enterprises and to create a normal exit mechanism for venture capital. At the same time, it is also an important means for China to adjust its industrial structure and promote economic reform.
The investment targets and risk tolerance of the second-board market and the main board market are different; under normal circumstances, they do not affect each other.
Moreover, due to their inherent connection, they may instead promote the further development and growth of the main board market.
For investors, the risks of the Growth Enterprise Market are much higher than those of the main board. Of course, the returns may also be much greater.
In the world Zhao Fusheng originally came from, as far as he could remember, the rise of the Growth Enterprise Market occurred after the Olympics. Now, the authority to review refinancing by Growth Enterprise Market companies had been determined to be delegated from the China Securities Regulatory Commission to the Shenzhen Stock Exchange.
The reason for this was simple: to improve the efficiency of refinancing reviews for Growth Enterprise Market companies, and it was also another breakthrough in the market-oriented reform of stock issuance.
Market participants were also looking forward to the full transfer of review authority for main board and small and medium-sized board refinancing, as well as new stock issuance, to the Shanghai and Shenzhen stock exchanges, achieving a true separation of supervision and review.
After a long while, Zheng Yao finished reading the document, tossed it on the table, and asked Zhao Fusheng with confusion, "What do you mean? Do you intend to have Future Film and Television and Future Advertising go public to raise money?"
Clearly, in her eyes, the stock market was nothing more than a tool for raising money.
For instance, before the global financial crisis in the 1980s and the crash of the Hong Kong stock market, Li Ka-shing's Cheung Kong had just completed a plan to raise 10 billion Hong Kong dollars through a rights issue.
When investors were at a loss, he used that 10 billion Hong Kong dollars to quickly bottom-fish in the real estate industry, becoming one of the top real estate tycoons in Hong Kong.
It is often said that timing and luck matter. Although reluctant to admit it, Zhao Fusheng had to say that without that money from the stock market, Li Ka-shing would have found it difficult to achieve such results.
Zhao Fusheng had mentioned this matter to Zheng Yao before, so she thought he was playing the same game.
Hearing Zheng Yao's words, Zhao Fusheng laughed but did not explain anything.
Go on, say something.
Seeing Zhao Fusheng silent, Zheng Yao grew a bit anxious and couldn't help asking.
Actually, it's nothing." Zhao Fusheng glanced at Zheng Yao and slowly said, "In my plan, Future Film and Television and Future Advertising will eventually be spun off."
Spun off?
Zheng Yao's brows furrowed slightly, and then her expression turned serious.
She was no fool and naturally understood what Zhao Fusheng meant. Clearly, what he was about to say next would involve the future development layout of Future Group.
As the CEO of Future Group, she was naturally very concerned about this and wanted to know what plans Zhao Fusheng, as the boss, had.
This was no joke!
In any company, although management is indeed important, what matters more is what kind of enterprise the owner wants the company to become in the future.
The most obvious example: a manager might be fighting tooth and nail to make the company the strongest in the country, only for the boss to say one word—sell the company!
All the efforts become a joke in the face of a contract.
Although Zheng Yao knew that Zhao Fusheng was not that kind of person, she still hoped to learn from him what future plans he had for Future Group.
As for the matter of going public, to be honest, Zheng Yao didn't care that much about it.
After all, Future Group's financial situation was very good; applying for listing would not be a difficult problem.
Unless someone was secretly causing trouble, Zheng Yao was confident that both Future Film and Television and Future Advertising could successfully go public.