In September 1986, I have been to Beijing study business law. Some of our teachers were the members of the company law and the bankruptcy law make team.Our civil law was taught by professor Jiang Ping.
I were very interested civil and company law. So I often discuss the issues of the law with some of classmates.
I remembered the bankruptcy law was adopted in December 1986, earlier than company law.
At that time, as a young student, I am a idealism.I believe that economics reform and politics reform will change all of people's life.
Then in 1990's, I worked in commercial bank as economist, I knew in practice it is different with what the teachers taught.
Many companies pretend to bankrupt to rejecting financial debt from banks.And some companies manager or some people who abuse their power changed the companies ownership with unfair payments. Then those new capitalists sacked some old workers who used to be nominally owners.
Some of the firm did IPO, became public company.Therefore, those new capitalists could use small money to control a big company.
From this experience, I understood what is OPM, how to utilise other people 's money to make money.
1986年9月,我到北京学习商法。我们的一些老师是公司法和破产法制定小组的成员。我们的民法是江平教授教的。
我对民法和公司法很感兴趣。所以我经常和一些同学讨论法律问题。我记得破产法是在1986年12月通过的,比公司法还早。
那时,作为一名年轻的学生,我是一个理想主义者。我相信经济改革和政治改革将改变所有人的生活。
到了九十年代,我在商业银行做经济师,我知道了在实际中这和老师教的是不同的。
许多公司假装破产,拒绝银行的金融债务。一些公司经理或滥用权力的人用不公平的买价改变了公司的所有权。然后那些新的资本家解雇了一些老工人,他们过去是名义上的所有者。
一些公司进行了首次公开募股,成为上市公司。因此,这些新资本家可以用小钱来控制一家大公司。
从这次经历中,我明白了什么是OPM,如何利用别人的钱来赚钱。

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