Jindong: Foreign capital has distorted effect on the springboard vie with the investment electricity trader

March 4 News, Suningyun Group chairman Jindong for the upcoming session of the two Congress submitted a number of proposals, one of the most interesting: the proposed agreement to control the nature of mergers and acquisitions, the Vie (Agreement control) into the regulation.

Analysts said that Jindong's proposal directed at Alibaba, Beijing-east and other Internet companies, if the VIE is included in the regulation will have a significant impact on the companies.

According to the China Business Report, Jindong that overseas capital takes the concept of domestic electric industry investment as a springboard, and the VIE model, which is not based on the profit of industry and is based on the overseas listing premium, has brought serious distortion effect to the development of China's electric business: Vie only focuses on sales growth, not on operating profit, Define the investment value and capital valuation of the electric business enterprises by the sales growth and the scale of sales.

"Some of the electric business enterprises to attract foreign capital, blindly pursue growth, the pursuit of scale, leading to vicious competition in the electricity industry, general loss, inefficient investment." At the same time, because the VIE mode business operation is in the domestic and the investment is listed outside the state supervision, the online competition is under the line, which leads the whole industry into the war of words and the price war, which brings the hidden trouble to our country's economic security. Jindong further pointed out.

In this respect, Jindong gives the following suggestions:

"1. To improve the supervision of foreign investment access, the control of the agreement is defined as the merger behavior of the enterprise, and the control mode of the agreement is incorporated into the management category of the regulatory department.

2. Broaden the domestic financing channels, at the policy level to support China's outstanding electric business enterprises in a A-share listing, to help the electricity business enterprises in the Territory can solve the financing needs.

3. To relax the conditions of the domestic electric business enterprises to directly listed abroad, and cultivate a truly world-renowned national electricity commodity brand. ”

Other proposal information

In addition to foreign investment, Jindong's other two proposals also involve e-commerce supervision, personal information protection, e-government and logistics. Details are as follows:

1. Speeding up the enactment of the Internet Personal Information Protection Act

Jindong points out that due to the lag of relevant laws, personal information management is in a legal vacuum state. The existing laws and regulations concerning the protection of personal information are scattered and lack of systematicness and operability. At the same time, due to the lack of unified authority, the disclosure and trafficking of personal information is lack of effective supervision.

2. Let the "last kilometer" logistics unobstructed

Jindong on his long-term concern of the logistics industry again put forward: unobstructed "last kilometer" logistics to high-quality low-cost protection of the people's livelihood, this is the fifth consecutive year to talk about the modernization of logistics Jindong.

3. Vigorously develop e-government

Jindong that the unified e-government will become a "two-integration" new standard, it can break the administrative area, division of departments, connect the functions of government departments. will enable enterprises and Governments in the industry and commerce, prices, taxation, quality inspection, customs and other aspects of Cross-border interconnection, information interaction, reduce the communication between enterprises and government departments of cost and time costs, eliminate the island effect of information, improve the operational efficiency of enterprises, enjoy the convenient service brought by E-government.

4. Innovating community service function and constructing the Community Endowment Network

"The endowment problem is related to the stability and development of the society, which is a problem that we all need to pay attention to and solve."