What is commonly referred to as "capital operation"?

The core of capital operation is leverage. The corresponding debt financing and equity financing are realized by debt leverage and equity leverage respectively, and their ultimate goal is to make money for themselves with other people's money.

The main body of capital operation is listed companies. Some people say that the words such as initial public offering, additional issuance, backdoor, reorganization and matching financing are usually used in capital operation, which makes sense, because under the current situation in China, these are the usual means that listed companies can adopt in financing activities.

Listed companies are naturally suitable platforms for capital operation: clean assets, almost no legal obstacles to ownership transfer, active transactions, easy realization and smooth financing channels.

The core of capital operation lies in leverage.

Initial issuance, additional issuance, backdoor, reorganization, etc. They are just means, and their direct purpose is to obtain other people's capital for their own use. 2. 1 A simpler means is to control the lever. Let me give you a simplified version of chestnut: you have a company with 100% equity and control 1 100 million yuan of capital. After listing, you issued 33.33 million shares, attracting many minority shareholders to become shareholders.

Summarized as follows:

But the total capital you control reaches 65.438+33 billion yuan. You use this 65.438+33 billion yuan to deposit in the bank for 65.438+0 years to earn about 4 million yuan in interest, and then you pay all this 4 million yuan to yourself as wages, so that listed companies are not profitable and are not allowed to pay dividends to those small shareholders. If you don't do this, 1 100 million yuan will be deposited in the bank 1 year, and the interest will be about 3 million yuan.

You see, through 1 100 million yuan, you earned the interest that only10.33 billion yuan can get.