Upon hearing this, everyone nodded in agreement.
High-end chips are not only expensive, but also in high demand and short supply.
Without a good relationship with Wujiang Group, it's basically difficult to obtain enough chip orders.
If Pioneer Navigator can secure a board seat at Wujiang Microelectronics, it will lay the foundation for in-depth cooperation.
Wujiang Microelectronics must take care of its major shareholder.
However, it won't be easy for Vanguard to acquire a 5% stake; aside from everything else, the funding alone would be astronomical.
Laurie Pegg and others discussed the issue for a long time, and finally, to be on the safe side, they decided to raise $100 billion and be fully prepared.
Vanguard is the largest capital conglomerate in the United States. In its previous life, it held 7.68% of Apple's shares, 8.12% of Microsoft's shares, and 6.66% of Google's shares, making it a major financial backer of Apple, Microsoft, and Google.
In addition, Vanguard is also listed among the shareholders of Tesla, McDonald's, Coca-Cola, Berkshire Hathaway (Buffett's company), and Bank of America, with extremely high shareholdings, either as the largest shareholder or the second largest shareholder.
Therefore, it's clear that Vanguard has plenty of money.
At this time, it wasn't just Pioneer that had its eye on Wujiang Microelectronics; countless institutions around the world were frantically raising funds, and global capital was pouring into China.
Wujiang Microelectronics is not yet listed, but its stock indexes in China's A-shares and Hong Kong stocks have soared.
All major A-share stocks rose, and countless investors were extremely excited.
"The bull market is here! The bull market is here! Global capital is pouring into China, driving up the Chinese stock market! My goodness, I never imagined that Wujiang Microelectronics' listing on the A-share market would have such a huge impact. I've lived for decades and this is the first time I've ever seen anything like it!" The stock-trading auntie exclaimed excitedly.
"Technology stocks are the biggest gainers; buying them is a sure way to make money! According to reliable sources, Wujiang Microelectronics isn't the only company listing on the A-share market. Many companies under Zhao Ye's name have also chosen to list on the A-share market. Just think about it, won't our A-share market take off immediately?"
"Other companies under Zhao Ye's name will also be listed on the A-share market???" Some people who had not received the news were extremely surprised.
"Of course, the news had already spread within Wujiang Group, and Wujiang Group does not prohibit the leakage of information. One of my friends works at Wujiang Group, so I received the news immediately!"
"This is incredible! With so many companies listed on the A-share market, the size of the A-share market must increase by one or two times!"
"..."
People discussed it excitedly, and were caught up in the frenzy of capital.
At this moment, who is the most unfortunate? Naturally, it's the United States.
After Zhao Ye's company was to be listed on the A-share market, a large amount of capital began to be transferred, especially from the United States. By the end of January 2003, hundreds of billions of US dollars had been transferred into China.
Capital is a vital force driving company development.
This money was originally intended for investment in the United States, but it has now been transferred to China, which has a significant impact on American companies.
It is foreseeable that the pace of economic development in the United States will be slowed down again.
China's position as the world's leading power is becoming increasingly precarious.
With so much money flowing into China, can you imagine how much help it will bring to China?
At this moment, all the major banks in China are ecstatic.
In addition, many businesses have found it easier to obtain investment and loans.
On the one hand, these foreign capitals can't all be thrown into the stock market; they can invest in Chinese companies. On the other hand, with a large amount of funds available, banks are more willing to lend to companies.
Recently, employee wages have increased significantly, and China's economic growth rate has become incredibly fast, with domestic consumption and industrial upgrading progressing rapidly...
...
...
Wujiang Building.
"Chairman Zhao, your decision to list the company domestically was absolutely correct! This event had a tremendous impact on China and will surely be remembered in history!!!" Liu Yinyin said with great admiration.
Zhao Ye smiled slightly. According to incomplete statistics, at least $1.5 trillion has flowed into China so far, and there will be more and more in the future. After his various companies go public, he won't have to worry about a lack of buyers for his stocks.
"Secretary Liu, please compile a list of 50 companies that meet the listing requirements and show it to me. After I review it, I will publish the list!"
"Okay, Chairman Zhao!" Liu Yinyin nodded in response, her mind racing as she considered which companies would be the most suitable to be assigned to.
(End of this chapter)
Continue read on readnovelmtl.com
