Why don’t we use American money?

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Source: jingsiyouwo666

In my August 19 issue of whether all Chinese enterprises should “delist” from the United States, some friends think that I am a soft bone.

Because I said in that issue that against the background of the United States’ comprehensive and powerful containment of China, against the background of Mrs. Pelosi’s visit to Taiwan, and under the impetus of the information that the five major Chinese enterprises were delisted from the United States on August 12, I still think that the delisting of the five major Chinese enterprises from the United States is only a warning to the United States. I still suggest that Chinese enterprises listed in the United States should not take the initiative to delist from the United States. I even said that even if the Americans wanted to drive us out, we should wait for him to drive us out instead of taking the initiative to retreat.

Basically, this meaning can be simply said, Lai, I also want to rely on the American market.

My basic reason is that the U.S. capital market is the most mature and largest market in the world. There is a lot of money in the market. China should also share the money from the United States and other parts of the world and use it for China’s development.

There is no doubt that on the surface, my view is not rigid enough. Some people said backstage that I was shameless because I had expressed the idea that “Lai should also rely on the American market”.

To clarify this issue, we must first straighten out a basic logic, that is, what do we rely on to defeat the United States?

There is no doubt that to defeat the United States, we must first rely on one breath, one breath to defeat the United States. Without this tone, nothing can be done.

But the question is, can we just have one breath?

If we can defeat the United States by blowing our breath, shouting slogans, and saying tough words in the public opinion field, what are we going to do with our efforts to develop ourselves? Whoever has a thick neck, a loud voice, and a tough voice, let these people form a team to go to the front line and shout at the US emperor. They will defeat the US emperor and everything will be fine.

There is no doubt that the United States will not be defeated by this method.

How can we defeat the United States?

There may be tens of thousands of ways and strategies to defeat the US empire, but if only one sentence is used to explain how to defeat the US empire, what should we say? How do you do it? How to choose?

My answer is to defeat the US empire with comprehensive strength.

Yes, strength is the source of all strength and all strategies. Without strength, all Qi will not work, all methods will not work, and all strategies may not work.

My May 19 “Russia, why is it so difficult?” After careful analysis, the core reason for Russia’s failure in Ukraine is its lack of comprehensive strength. For example, the lack of economic strength leads to the reluctance to use expensive high-level weapons; For example, the scientific and technological strength is insufficient, especially the combat effectiveness of the UAV integrated with inspection and combat is too poor; For example, the lack of strength to eliminate the internal traitors has led to the enemy’s counter insurgency work in advance. Stealing chickens can not turn into a handful of rice.

Of course, comprehensive strength includes both material and spiritual aspects. The breath mentioned above is also an important expression of comprehensive strength. I said in particular on May 19 that on the Korean battlefield, we generally think that China’s strength is weaker than that of the United States. But why can we push the front from the Yalu River to the 38th parallel on the Korean battlefield and finally force the United States to sit down and negotiate? Does this mean that our strength is not weak? In fact, in a comprehensive way, it is China’s soft power that fills the gap of hard power to a certain extent. As Chairman Mao said: the United States has more steel and less gas, but we have less steel and more gas.

However, this can not cover up the inadequacy of our hard power at that time. If our hard power such as weapons and equipment and industrial production capacity had been further improved at that time, the result of the war might not have been the signing of an armistice agreement with the 38th parallel as the dividing line, but the volunteers would have driven the US military into the sea.

Therefore, my view is still that to defeat the US empire, we must ultimately rely on comprehensive strength.

Chinese enterprises can enhance China’s comprehensive strength by making use of the money in the US capital market. Therefore, we can not easily take the initiative to completely delist from the US market.

On August 19, I said in the original words: “I have no acquaintances in Beijing, I have no undercover in the United States, and I do not know how the state arranges.”

Unexpectedly, nine days after I said this, on August 26, the matter came to an end. On that day, the China Securities Regulatory Commission, the Ministry of Finance and the US public accounting company supervision committee signed a cooperation agreement, which untied the most crucial knot for whether Chinese enterprises can continue to use the money in the US capital market in the future.

On August 19, I analyzed that the most critical section is about the audit manuscript, which may involve national security. The foreign company Accountability Act of the United States, which came into effect at the end of 2020, requires us to submit the audit manuscript to him, but we definitely cannot.

How can this be solved?

Judging from the agreement signed between China and the United States on August 26, the solution is as follows:

First of all, China’s audit draft cannot be submitted to the United States. This is China’s principle and cannot be abandoned.

Second, the United States can see this thing under specific conditions, but it has a choice.

What is the specific arrangement?

That is, I don’t hand over things to the United States, but you can come to China to see. The official language is “to carry out inspection and investigation on relevant affairs”. This also implies that the audit draft is based on the inspection and investigation of the firm, rather than directly targeting the audit draft.

At the same time, enterprises cannot directly submit audit reports to Americans. The audit draft that Americans can see must be provided by the Chinese regulatory authorities. The whole process of reading must also be carried out with the participation of the Chinese side. In addition, there must be full communication on how and when to read it in advance. The official language says: “the two sides will communicate and coordinate the inspection and investigation plan in advance. The US side needs to obtain the audit draft and other documents through the Chinese regulatory authorities, and conduct interviews and inquiries with the relevant personnel of the accounting firm with the participation and assistance of the Chinese side.”

Since the current official documents do not disclose more details, we can make two judgments based on such a profile. One is that I show it to you, but it is not that I send it to the United States for you to conduct in-depth analysis in a calm and calm manner. The other is that I show it to you. It is what I have screened. I will not show you anything that is not suitable for you, because all the things I show him, It cannot be directly provided by enterprises to Americans, but must be provided by Chinese regulatory authorities to the United States.

Naturally, we can also reasonably guess whether the United States can still make appropriate technical treatment when it provides the United States with everything it can see?

On August 19, I said in the original words: “if the audit manuscripts of some enterprises do not disclose state secrets, can they still stay there? Even in the future, if a Chinese enterprise wants to go public in the United States, it will first look at its audit manuscripts to see whether it will disclose state secrets. If it does, it can not go. If not, it can go.”

It seems that the agreement reached between China and the United States is at least logically consistent with the idea I put forward on August 19. It’s just that I can’t guess the specific arrangements on August 19. For example, let Americans come to China to visit. We can’t hand over things to the United States; For example, things must be provided by the Chinese regulatory authorities, and the Chinese regulatory authorities must participate in the whole process.

Finally, such a result is reassuring to people like me who do not advocate the delisting of all Chinese enterprises from the United States. However, many people are not calm and think that China is soft again.

I think this issue can be discussed. The truth is always clearer with argument.

However, some people always want to talk about things from the revolutionary war years and the period from the founding of new China to the reform and opening up, and use the previous individual things to imply that the current situation is not tough enough. I strongly disagree with this view.

Why? During the revolutionary war years and the period from the founding of new China to the reform and opening up, the Chinese people generally believed that we were very tough during this period. This judgment is correct, but it does not mean that under that special background, we are still sparing no effort to make use of the enemy’s resources to develop and strengthen ourselves.

Today, I would like to talk about the regulation of Chinese enterprises listing in the United States in detail.

As I mentioned earlier, tough means principle, and tough does not mean simple strategy. I mentioned that the Taiwan issue and the Hong Kong issue are also issues left over from the revolutionary war years. We can’t see that the PLA shelled the British warship “Amethyst” in April 1949 and think that we were always tough at that time. If you think so, you can not explain why Hong Kong was not liberated at that time? Moreover, the USS Amethyst belongs to the United Kingdom. In fact, Hong Kong is also governed by the United Kingdom.

The liberation of Hong Kong is slightly different from the liberation of Taiwan. When the Korean War broke out in 1950, the seventh fleet of the United States crossed the Taiwan Strait. With the strength of the people’s Liberation Army at that time, it was really difficult to break through the seventh fleet of the United States. Therefore, at that time, Taiwan was not liberated, and there were still some elements of helplessness.

However, the liberation of Hong Kong is different.

On the afternoon of October 19, 1949, more than 100 people of the people’s Liberation Army (PLA) took a train and drove into Shenzhen. At that time, Shenzhen was still a town, which meant the peaceful liberation of Shenzhen at that time. Two days later, on October 21, 1949, jiulongguan uprising. At this stage, the PLA has pointed its sword at Hong Kong. With the fighting strength of the people’s Liberation Army at that time, the liberation of Hong Kong was effortless and far less difficult than the difficulties faced by the seventh fleet of the United States across the Taiwan Strait in 1950. Liao Chengzhi said in his proposal to the central authorities at that time: “to liberate Hong Kong by force, for the Chinese people’s Liberation Army, it is only a charge signal, and the red flag can be planted on Taiping mountain in Hong Kong.”

However, we all know that Hong Kong was not liberated at that time. It was not until 1997 that Hong Kong returned to the motherland.

Then why not liberate Hong Kong?

It is very complicated to say, but to put it simply, there is only one thing, that is, we should make use of Hong Kong, that is, we should make use of the resources in the hands of the enemy. The most crucial point is that this utilization is based on the temporary retention of Hong Kong in the British manpower. If we take Hong Kong over by ourselves, we will not be able to make good use of Hong Kong.

Under the circumstances at that time, the new China was completely surrounded by the western world led by the United States. The containment at that time was still very different from that at present. At that time, containment was a comprehensive blockade. Moreover, at that time, we did not have a strong navy, nor did we have many friends in the world. The US blockade of new China can be described as airtight.

So what should I do?

The solution is simple: tear a hole.

When I analyzed the blockade of Russia by the United States and the west after the conflict between Russia and Ukraine this year in my previous article, I put forward such a viewpoint: the most important thing about the blockade is that there can be no gap. For example, when we build a dam to block water, 99% of the water is blocked, and only 1% of the water is blocked. This effect will be greatly reduced. The reason why the economic sanctions imposed by the United States against Russia after the conflict between Russia and Ukraine have not been effective is that Russia’s oil exports and fiscal revenue have set a new high, and the exchange rate has also set a new high. The reason is that the United States has too many gaps in its containment of Russia. For example, China, India, Iran, Brazil and other countries still import Russian oil and other products without reservation. Even countries such as India and Saudi Arabia import cheap oil from Russia and resell it to the west to make a difference.

Against the backdrop of the United States’ comprehensive blockade of new China, China needs such a gap to break the US blockade and make economic and other contacts with the world. Hong Kong is such an opening, and the premise must be to let Hong Kong remain in the hands of the British for the time being. Why? If we take Hong Kong over, Hong Kong will be no different from other places. The United States will easily blockade it. However, if we leave Hong Kong in British hands, the territory will remain British for the time being. The United States blockades new China, but it is impossible to blockade its ally Britain.

And the United States can not block the connection between Hong Kong and Chinese Mainland.

Therefore, if new China wants to connect with the world, it can first connect with Hong Kong, and then connect Hong Kong with the world. For example, if we want to sell some products to earn foreign exchange, we can sell them to Hong Kong first, and then Hong Kong will sell them to the world. On the other hand, if we want to import goods from the world, we can import them from Hong Kong. Hong Kong is known as the world’s free port and has everything.

As a matter of fact, this special role of Hong Kong has been maintained until Hong Kong’s return to the motherland. Why should we take back Hong Kong in 1997? At that time, we had already carried out comprehensive reform and opening up, and the United States no longer did not blockade us as before, nor could it blockade us. Hong Kong’s role would not be of much significance, so we took back Hong Kong.

Before its return to China, Hong Kong made tremendous contributions as a bridge between China and the world, especially in the economic field. Let me give a small example.

When the war to resist US aggression and aid Korea broke out in1950, the strategic materials we needed, such as oil, chemicals, rubber, machinery and equipment, depended on self-reliance on the one hand and the assistance of the Soviet Union on the other. Besides, the most important way was to smuggle them into Chinese Mainland through Hong Kong. You should know that at that time, the United States imposed a trade embargo on China, but it could not ban Hong Kong.

In October 1949, Chairman Mao made the wise decision not to liberate Hong Kong for the time being. The essence of the decision was to make good use of the special resources in the hands of the enemy. This special resource was originally ours, and temporarily in the hands of the enemy. We could have taken it, but we did not take it. We deliberately left it in the hands of the enemy so that we could make good use of it.

Making use of the enemy’s resources to develop and strengthen ourselves has always been the consistent policy of our party, not the new measures and new ideas of today.

Speaking of Hong Kong, I also want to tell my friends about the fact that we use Hong Kong, a resource in the hands of the enemy, to do business and make money.

As we all know, whether in the revolutionary war years or in the early days of the founding of new China, we need money to carry out revolution and construction. Where do guns come from without money? Without money, what do soldiers and people eat and drink? Therefore, whether we are engaged in revolution or construction, we must make more money. So where can we make money?

There is no doubt that self-reliance on our own territory is the main channel, but it is not the only channel. Even in the revolutionary war years, our party was particularly good at using the enemy’s resources to raise money for us.

In January 1938, Liao Chengzhi and others went to Hong Kong to prepare for the establishment of the Hong Kong Office of the Eighth Route Army. The main task was to raise money and materials to support the Eighth Route Army and the New Fourth Army against Japan. At the turn of summer and autumn in 1938, the “United Bank” was established. It was only a few hundred meters away from the office of the Eighth Route Army in Hong Kong. It was located on the Fung’s building in gannuo Road, Hong Kong, with a registered capital of US $20000. At that time, the person in charge of the United Bank assumed the pseudonym of Yang Lian’an. In fact, he was the brother of Bogu, who presided over the work of the CPC Central Committee before the Zunyi Meeting. Bogu’s original name was Qin bangxian, and Yang Lian’an’s original name was Qin Bangli. Qin Bangli, the younger brother of Bogu, alias Yang Lian’an. The pronunciation of Lian’an is very close to “union” in Wuxi dialect, the hometown of Qin Bangli. Therefore, outsiders generally think that this company is purely a private company, a private company named after the person in charge. In fact, it is a company that our party raises money and materials in Hong Kong.

In the spring of 1942, when Hong Kong was occupied, Yang Lian’an took the money he raised to the Chongqing Office of the Eighth Route Army. In 1943, Zhou Enlai asked Yang Lian’an to return to South China again to do business and raise money for the party. The instructions given to him were: “use legal means to strive for social status and accumulate strength.” This is typical of using the enemy’s resources to develop ourselves.

Yang Lian’an quietly returned to Guangdong and Hong Kong and changed his public name to Yang Lin, so that the business activities of the United Bank could be resumed. He opened a birthday party in Qujiang, a Suxin building materials factory and a Xiecheng department store in Guilin, and provided funds for the party through open and legal business activities. During this period, one of the main tasks of the United Bank also included handling export and import procedures, selling tung oil, contacting imported goods, and being responsible for the exchange of national currency and foreign exchange settlement accounts. Qin Bangli, alias Yang Linlin, did a very good business. After the Japanese surrender, there were still 10 million goods, which was a large asset at that time.

In the autumn of 1946, the talks between the people’s Republic of China broke down, and Yang Lin was summoned to Shanghai to accept the new task entrusted by Zhou Enlai, that is, to open up maritime transportation, develop foreign trade, exchange foreign materials, complete financial tasks, and train foreign trade cadres. Qin Bangli, whose alias is Yang Lin, returned to Hong Kong and renamed the United Bank as the United import and export company (hereinafter referred to as the United Company). He rented an office in the Hong Kong telephone company building on DES Voeux Road and registered “tianlonghang”. He also set up a branch of “tianlonghang” in Guangzhou, where companies from both places engage in trade activities between Hong Kong and the mainland.

On Christmas day in 1947, the United Company got together. Qin Bangli said that the name of the United Company was originally named after my name Lian’an. Now that the company has been published, it wants to give the company a new name.

Do you know what the name of this company was changed later?

The answer is: China Resources.

The reason why we used the word “moist” at that time was because our Chairman Mao’s word was Runzhi. Chairman Mao, surnamed Mao, first name Zedong, courtesy name Runzhi.

China Resources means: China, run it.

After the founding of new China, all the trade organizations of our party in Hong Kong were merged, under the unified leadership of China Resources, which established the status of China Resources as the sole general agent of all foreign trade companies in China in Hong Kong. In 1952, China Resources was transferred to the government and under the management of the central Ministry of trade. It became a state-owned enterprise, but still rooted in Hong Kong. It is the window company of foreign trade in New China. In 1956, China Resources organized the Canton Fair in Guangzhou, which became the only window of China’s foreign trade before the reform and opening up. The Canton Fair is still one of the most important exhibitions in China. Since 1975, China Resources has initiated the “three supplies and one compensation” and carried out the processing business of supplied materials in Shenzhen. We should know that there was no reform and opening up at that time. In 1978, the State Planning Commission, based on the experience of China Resources, issued the measures for the implementation of foreign processing and assembly business. In the early period of reform and opening up, the production and operation mode of “three supplies and one subsidy” was clearly defined in this method, which is referred to as “Article 22”.

After the reform and opening-up, China Resources Company has continued to grow. Up to now, the business of China Resources covers six major fields, including big consumption, comprehensive energy, urban construction and operation, big health industry, financial technology and emerging industries. It has 25 business units, two directly affiliated institutions, nearly 2000 entity enterprises and 371000 employees, ranking 70th among the Fortune Global 500 in 2022. Eight of its affiliated enterprises are listed in Hong Kong, of which China Resources Land is listed in the Hong Kong Hang Seng Index.

Among the subordinate enterprises of China Resources, we are most familiar with Vanke. I believe there must be many Vanke houses. China Resources is the major shareholder of Vanke.

Today, my friends and I look back on the past of China Resources. We can’t help but have mixed feelings. We can’t help but open the sky eye with respect and find China Resources Co., Ltd. According to Tianyan, there is only one shareholder of China Resources, that is, the state assets supervision and Administration Commission of the State Council.

This is China Resources.

Last year, a TV series “breakthrough” with the theme of anti-corruption in state-owned enterprises was broadcast. In the TV play, the state-owned enterprise Zhongfu group was founded in Shanghai and Jingzhou in the 1930s. The founders were the Communist Party members Zhu Changping and Xie Ziying. The purpose of founding the enterprise was to raise funds for the party. In my understanding, the prototype of the state-owned enterprise Zhongfu group in the TV series breakthrough should be the China Resources I mentioned today.

This history of China Resources clearly tells us that no matter in the revolutionary war years, or after the founding of new China, the United States conducted a comprehensive blockade against China. We are not talking to the enemy about “the sound of chickens and dogs, and we do not talk to each other until we die”. Instead, we go deep into the enemy, make use of the enemy’s resources, and develop ourselves.

To go deep into the enemy’s interior is not only to send agents to obtain intelligence, but also to derive people to earn the enemy’s money for us to spend.

In fact, such a plot is not new at all. We can see such a scenario in many spy films. Our party’s underground workers use gold bars to buy penicillin and seamless steel pipes from the enemy. Penicillin is used to treat injured soldiers, and seamless steel pipes are used to make guns. The purpose of curing a soldier’s illness is to better fight the enemy; Guns are naturally made to fight the enemy. All these resources come from the enemy. It has always been our party’s fine tradition to let the enemy’s resources be used for us and to fight the enemy better. Just like the passionate lyrics in the song of the guerrillas: “no guns, no running, the enemy built for us.”

Today, why can’t Chinese enterprises make use of the money in the enemy’s capital market to develop themselves well and then severely attack the United States?

Some people believe that after the outbreak of the conflict between Russia and Ukraine, the United States imposed extreme sanctions on Russia. We should learn a lesson and break with the United States as soon as possible. Therefore, Chinese enterprises should take the initiative to withdraw from the United States. This is a complete reversal of logic. After Chinese enterprises are listed in the United States, issue shares, and receive money from the American market, the money is not refundable. The money has already been in our pockets. Moreover, this is only under the condition that the United States does not bother us. If the United States annoys us, for example, it confiscates the US Treasury bonds held by China, when Chinese enterprises are listed in the United States, not only the money handed over by the Americans will not be returned, but also the equity it gives us can be confiscated, or nationalized, as they confiscate the US Treasury bonds held by us. You want to ask me why? Just two words: offset.

In this way, the more we listed on the US market, the more money we received from the United States, and the more the United States dared not arbitrarily confiscate the US Treasury bonds held by China.

In the final analysis, when Chinese enterprises go public in the United States and issue shares to collect money, it is the same as when Americans take money to invest in China.

I have carefully analyzed the US Treasury bonds before. The United States cannot repay the money because it cannot afford to repay the money. Therefore, on the one hand, China’s holdings of about US $1 trillion of US Treasury bonds should be sold slowly until they are sold out; On the other hand, we should allow more Chinese enterprises to list in the United States and collect more money from the United States. If something happens in the future, we will use the equity of Chinese enterprises bought by Americans to offset it.

So, don’t worry, we don’t need to withdraw from the listing of Chinese enterprises in the United States. In my words on August 19, I said, “I’ll also depend on it.” we just need to solve the issue of “audit draft”.

However, the current agreement between China and the United States stipulates that it is OK to read the “audit draft”, but if Americans are bothered to come to China to see, we can not hand over this thing to the United States. After you come to China, what you don’t see and what you don’t see will be decided by the Chinese regulatory authorities. The United States can’t directly ask Chinese enterprises for things. When you look at things, the Chinese regulatory authorities should accompany and participate in the whole process.

Although it is a little troublesome, I take the initiative and control it.

OK, I think so!

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