Three questions about the source of financial response

Wang Qiufeng Reizi the "Arabian Nights" as the Grand Sino-American Car-building program published in the newspaper, its financing in the United States operating channels and ways to become the focus of the industry hot debate. July 1, 3 days after this newspaper report, a press release of the 4.5 billion dollar puzzle: a tracking report on the US-made car-making technology and investment immigration, disclosed the "fundraising" incident in the US financing, and a lawsuit dispute with the former team member Wang Xiaolin (English name Charleswang), a new energy car company. "The idea of a car-building plan was seriously frustrated in March 2009," he said. Before and after the concern, public opinion has focused on the three aspects of the 831111 plan, and the media and the industry have raised their doubts.　　These three aspects are the source of funds, the reality of technology and the feasibility of the project itself.　　On the afternoon of July 1, the return to silence was the ultimate choice for a positive response. Yang Rong told us about its financing tools in the United States and how it operates, using its 80%-Alabama Investment and Migration Center (ACFI) to operate investment migrants to get financing to invest in car-building projects. The Alabama Center for Inward Investment (ACFI), an agency that promotes immigrant investment, was approved by the U.S. Citizenship and Immigration Service in 2007 as a regional centre for immigrant investment.　　Key economic developments include heavy and light manufacturing, agriculture, high technology and construction, tourism and services, education and healthcare, and downstream support industries in the cruise industry.　　March 2009, the Far East Jinyuan (Yang Rong controlled Hong Kong listed companies) (1188.HK) issued a notice, Far East Jinyuan and Alabama Immigration Investment Center (ACFI) Two shareholders Drinkard and Campbell agreed to exchange shares, with ac-fi80% equity. In this newspaper received a lot of feedback, there are a lot of questions about the huge funds and advanced technology source, worried that the huge plan is "Fangweising", the Yang Rong said, "the original operation of the Ningbo Rover project, I was ' Snowball ' way, with 1 billion yuan of real investment capital to pry 33 billion yuan of related investment, the return of the car, I will continue to use the capital lever, with One-third of the capital to pry more capital, but the skills will be more sophisticated, because I have to consider whether I can personally live on the actual factors. "As for the source of advanced technology," said Yang Rong, "I have absorbed the best Chinese auto expert in GM's manufacturing technology, Wangkuantao, and the top automotive experts in the country, who are very much in recognition of this technology." "The core technology has been signed, not on the drawing," he said. "Speaking and the legacy of the past 7 years ago will affect the Chinese plan, Yang Rong again stressed," I have withdrawn the lawsuit, the case has long been closed. He even said that if his personal factors ultimately affect the approval of Chinese car-building projects, "I would even like to transfer advanced technology to the ideal target enterprise with 1 yuan price, and then share the profits after the technology project is profitable for the enterprise." ”　　The American lawsuit has no effect on me. Economic Observer: There are media queries, your investment in the United States and immigration financing projects involved in the "fund-raising" event, the project is illegal? Yang Rong: I also heard such a sound, accept your interview hope to be able to radically root out, restore some real things.　　What I have done is by no means "fund pooling", but in full compliance with investment immigration regulations. The United States is a country of immigrants, the federal government has a project called "EB-5", is the U.S. Congress to grant the investment visa, the annual congress to this category of visa is nearly 10,000 places, specifically for the global business and investment people. The city of which 1 million dollars and 500,000 dollars in rural areas. The difference is whether the rate of unemployment in the place of investment is 1.5 times times higher than that of the federal average, and if it reaches 1.5 times times, 500,000 dollars is enough, and if it is less than 1.5 times times, it will be 1 million dollars.　　In addition to investment requirements, but also to promote local direct employment, each unit 10 people. In the early 90, the United States Congress approved the establishment of a migration centre, which could be the concept of a regional centre, lifting the restrictions on direct employment, as long as the regional centres were certified by economists to create 10 direct or indirect jobs and could accept investment from investment migrants.　　And immigration centers are all personal in America. Before that, six thousand or seven thousand of the 10,000 places had been wasted each year, since it was difficult to meet the conditions for direct job creation.　　In addition, most of those who are successful in investing in immigration are hard to recoup. It is better for me to use it than to waste it. I have seen this opportunity and have been doing a lot of research since we returned to the United States in 2002.　　Later, in negotiations with two shareholders of the Alabama Immigration Center, shares about 2 million US dollars in Hong Kong-listed companies in exchange for the centre's 80% stake and become an absolute controlling shareholder. At present, I have established legal institutions in Russia, Korea and other fields to attract investment migrants. Hong Kong institutions will also be set up next month.　　Developers charge customers 30,000 to 50,000 dollars per person intermediary costs, the current absorption situation is very good. This can be used to finance the investments of these investment migrants, which would be 5 billion to 10 billion dollars per year if 10,000 investment migrants are counted.　　Investment migrants can not only take the threshold of direct employment, smooth immigration, and the hands of the investment paper, which is our company's original stocks, can obtain investment returns. These are laws, we have the immigration center can not only take this car project, can also run medical, dock, shipbuilding, real estate and many other projects.　　No one is concerned that this kind of financing does not mean that it is illegal, the United States has a lot of immigration service centers, call to ask about it.　　Economic Observer: Please introduce your lawsuit with Wang Xiaolin. Yang Rong: I want you to figure out a fact, with Wang Xiaolin's lawsuit, is I sue him, not he sue me,It was he who put me in the company of the Mississippi State Development Bureau, and I sued him for the unlawful appropriation of assets. To my anger, Wang Xiaolin said in court that I want to put the advanced technology in China to use, so that China can easily get the world's top technology, suspected of leaking. Energy-saving and environmental protection technology is not military technology, new energy vehicles are purely civilian, and the leak of what close. As a Chinese, he is worthy of 1.4 billion Chinese people?　　There is no national boundary for energy conservation and environmental protection. Economic Observer: Does the above financing method and Wang Xiaolin lawsuit affect your car-making program in the United States?　　How is the plan progressing? Yang Rong: The method of financing is legal and is proceeding smoothly. The lawsuit is still playing, and the impact is at best only in the land of Mississippi Tunica. Currently, Governor Mississippi State another piece of land in the state for us to visit. Our immigration center is in Alabama, my plant is planned in Mississippi and Alabama, and our powertrain is in another state.　　In addition, the company's trademarks, technology, etc. are registered to me, will be affected by the Wang Xiaolin, not us.　　Once used 1 billion pry 33 billion economic observer: your car-building plan is too big, whether to put "satellite" suspicion? Yang Rong: Big plan does not mean that the "satellite", environmental pollution caused by global warming, natural disasters, so now the global automotive industry in the transformation of the node, I choose to enter the auto industry again, can no longer be a little.　　Using ultra advanced technology, its profit is the main path is large-scale, low-cost.　　Economic Observer: But after all, both China and the United States have a huge demand for capital. Yang Rong: In the United States, the financing plan consists of three parts. In addition to the above investment in immigrant financing projects, including through my market in the United States and Hong Kong private placement, as well as through the new Energy vehicle project, the United States Department of Energy and the United States Congress of special funds for the development of new power vehicles. The Obama administration in the United States supports such projects. The state government we went to also welcomed our project.　　Now that the US auto industry is flagging, it is now the best time to be in the industry.　　Economic Observer: What about the Chinese part? Yang Rong: 40 billion-45 billion yuan in China's planned investment, I will make full use of the leverage of capital. One-third is the real investment capital, most of my company in the United States issued ADR (US depository receipts), two-thirds from the local government and bank supporting funds.　　I don't have much to say about the exact operation, but I can give you an example. In 2001, when I was operating the Ningbo Rover project, I had a successful experience of using 1 billion to pry 33 billion yuan. At that time, by the Shenyang Gold Cup bus investment 500 million (this is also said that I carry a 500 million yuan flight of "cause"), Shanghai Shen Hua holding investment 500 million, set up in Ningbo China Zheng Tong Automobile Co., Ltd., 1 billion is the actual investment. Local government to draw 4333 acres of land for the company to use, and 36000 square meters of the development zone administrativeThe building was given to the company. In other words, at that time the capital is 1 billion yuan plus 4333 acres of land and a building, the three assets equivalent to 2 billion yuan. I did a few things: first issue 3 billion renminbi trust certificate, so the capital became 5 billion yuan.　　Then, by 1:1 with the bank credit, it becomes 10 billion.　　Take out 1 billion to register an engine company, and then "copy" one issue 3 billion of the bond, become 4 billion, bank 1:1 loans into 8 billion, plus the first option remaining 9 billion, total 17 billion.　　Then, to the British negotiations, the British Bo Ming bridge MG Rover all four processes and PTL Engine Company all relocated to Ningbo Development Zone, its entire series of products plus equipment, research and development Center, a total of 16 billion, it accounted for 49%, we accounted for 51%. I put the British 16 billion as a convertible bond to the bank, the entire Ningbo company assets reached 33 billion yuan, so, I used 1 billion pry moved 33 billion. Plans to form an annual output of 1 million engines, 1 million vehicles, 300,000 exported to the original MG Rover's store in Europe.　　The same product, exported by MG Rover, sold in China and Asia is called the second generation of the Chinese.　　Of course, the operation of the China plan will be more sophisticated, after all, I have to consider whether I can personally hands-on factors.　　Economic Observer: At that time, the Ningbo Rover project in the final progress to which step? Yang Rong: The entire project financing plan has been completed, almost coherent. If no lawsuit, Ningbo should have built a car millions already.　　Of course, I'll give you this example just to illustrate the role of capital leverage.　　I can even transfer 1 yuan. Techno-economic Observer: will the legal legacy of 7 years ago affect your car-making plan in China? Yang Rong: lawsuit aspect, my side has already withdrawn the lawsuit completely, in my opinion has no lawsuit question. Our projects in the United States and China are conducted at the same time by a team management, and all negotiations are not wasted.　　To step back, the east does not light up the West, even if the Chinese project encountered problems, the U.S. project will continue as usual. Economic Observer: What do you think is the possibility of "oriental" not bright?　　What would you do if your car-building program in China could not be approved because of historical problems? Yang Rong: To date, there is no "oriental" is not bright. Bright and not bright, may matter whether I come forward to the issue of the company.　　If I do not appear to be able to light, I may be dark, then I will not come forward, I can adjust at any time, you can make some concessions.　　But I think such a in energy saving, environmental protection, security and so on to lead the world trend of a good project, people need it, so the country should not care whether it is related to the name of Yang Rong. One more step, really not, I can even 1 yuan to transfer my technology to the ideal object enterprise applications, to profit after the enterprise to share profits. The premise is to let our management team to participate in management, but also for our technicalThe operation is put into proper notarization. Economic Observer: At the moment, how far are the Chinese projects going? Is the site chosen?　　After the introduction of your plan to build a car in China, more than 10 local governments said they wanted to contact you. Yang Rong: China project team is actively running, products, equipment and other business negotiations have been carried out, and signed a number of contracts. The site is not yet finalized, but I think it should be in two months. After your report, many local governments contacted me through my listed companies in Hong Kong and their acquaintances.