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sundawu20 孙大午
Presentation at the International Conference on Corporate Governance in Asia and China, March 11, 2005
Hongbin Cai (UCLA)
Qiao Liu (HKU)
Geng Xiao (XKU)
Does Competition encourage unethical behaviour? The case of corporate profit hiding in China.
Sun Dawu and Ex CEO of Dawu Group
"My group's fixed assets amount to over RMB 100 million, but I could not get any bank loans".
Concern #2
Firms that have been consistently discriminated against behave differently.
(Partial Quote of Text)
2. Successfully created a model that was later called "Dawu model". Never borrow from banks (because you cannot), borrow directly from your fellow villagers. Has borrowed RMB 159.89 million directly from more than 3185 households.
4. Arrested and charged with a crime called "illegal deposit taking" in early 2003; his case immediately drew temendous amount of media attention, which made him a hero, of course in China's informal sectors.
5 His eldest son succeeded him and became the CEO of Dawu Group; his first priority, as he claimed, is to establish good relationship with local government and try to get loan from the banks, which his father and failed for past 8 years.
http://www.baf.cuhk.edu.hk/research/cig/pdf_ ... age%20Unethical%20Behavior.ppt
http://www.baf.cuhk.edu.hk/research/cig/pdf_download/Does%20Competition%20Encourage%20Unethical%20Behavior.ppt.
A Project Proposal
The Financing Environment of Private Enterprises:
from the Sun Dawu Case, July 31, 2003
Contents:
The defects of current financing system.
The necessity and feasibility for openin financial market.
The relationship between government and private enterprises.
The barriers of current law to the development of private enterprises.
Experts:
Jiang Ping (Prof. Chinese University of Political Science and Law)
Sheng Hong (Prof. Unirule)
Bao Yujun (Vice Chairman, National Association of Industry and Commerce
Chen Ping (Prof. Peking University)
Zhou Zhenxiang (Prof. China Youth College Of Political Science, deceased)
Zhang Shuguang (Prof. Unirule)
Li Shuguang (Prof. Chinese University of Political Science and Law)
Zhu Jiuhu (Lawyer)
Zhang Xingshui (Lawyer)
Impact:
Mr. Sun Dawu 孙大午 got out of prison on probation. The survival environment of private firms attracted more and more focuses.
Closet Liberal or Conservative
Reuters, September 27, 2005
Benjamin Kang Lim
"The leadership is using very moderate methods because domestic contradictions have deepened and cannot be resolved," Wu Guoguang, a professor of political science at the University of Victoria in Canada, said referring to social tensions.
On the contentious issue of media and speech freedoms, too, there have been rare displays of official tolerance. Internet dissidents Liu Di and Du Daobin were released last year after months of detention, and private entrepreneur Sun Dawu, accused of illegally taking deposits, was spared imprisonment in 2003.
World Briefing | Asia: China: Businessman, A Hero To Many, Freed
by Chris Buckley (NYT)
October 31, 2003
A court in northeastern Hebei Province convicted and then freed a rural businessman who has gained a national reputation as a modern Robin Hood. Under a law that many considered to be vague, the businessman, Sun Dawu, 50, was accused of running an illegal bank. To raise money for his agriculture business, Mr. Sun had accepted money from his employees, paying them interest rates above those of state banks. Soon even nonemployees were making deposits. The court found him guilty but ordered his immediate release, a decision hailed by advocates of precise definitions for Chinese laws. ''The criminal code still needs clearer explanation,'' one of his lawyers said, ''but this is one step forward.'' Chris Buckley (NYT)
http:/ /www.nytimes.com/2003/10/31/international/asia/31BRIE1.html
The Grandson Great Noon
一个民营企业家的意外被捕揭示了中国金融体制的深层次悖论，也凸现出政治民主改革对建立公民社会和塑造商业环境的意义
2004年5月27日，当大午集团的员工们坐在阶梯教室里看凤凰卫视和中央电视台对集团的相关报道时，看到妻子坐在那里哭，孙大午还是感慨万端，写下两首诗。前言为：阶梯教室看光盘，纪念蒙难一周年。满腔愤怒无呐喊，妻哭无泪诗两篇。其一曰：回首噩梦已经年，亲人仍旧泪涟涟。别说晴天愁阴影，本分农民耕田难！自由劳动生财富，淳风化雨多善男。不是大午花一点，万国遍呈桃花园。
http://www.info.china.alibaba.com/news/detail/v5000060-d5622927.html
http://info.china.alibaba.com Κ±Όδ£Ί2006-01-01 07:00
大午改制 The Great Noon Changes the System
本报记者章轲发自北京
电话那端的孙大午语调低沉但不失热情。
噢，你是章轲啊。我每天都在公司上班，除了关心中央近期有关非公经济发展的文件精神外，更关心大午集团改制的事。孙大午对记者说，谢谢你的关心，也欢迎你再次 来徐水坐坐。
这天是2005年8月10日。看书、上网和滑旱冰
今年50岁的孙大午曾是河北徐水市大午集团董事长，市养殖协会会长，也是探讨中国民营企业发展和民间金融问题时难以回避的人物。2003年5月27日，他因非法吸收公众存款罪入狱，当年11月1日走出看守所。
回到集团后，孙大午把整个集团都交给儿子去管理，自己退到后台。但他每天仍然会到原来的办公室里办公、看书学习。
我刚看完《杰斐逊集》，对我的启发实在是太大了。孙大午对记者说，书上有关权力的分割和制约，对大午集团的改制非常有帮助。家族企业靠血缘、亲缘、地缘相维系，这是一种宗法式的管理，必须向现代的公司治理转型。
The Great Noon Changes the System
2005-8-10 Finance.sina.com.cn
孙大午 孙大午 孙大午 sun dawu sun dawu sun da wu sun_dawu
Sun Dawu 孙大午: Philosopher
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