郎咸平LangXianpingintroductionDateofbirth:Jun21,1956Birthpalce:TaoyuanCounty,TaiwanStatus:awell-knownHongKong-basedeconomist,commentator,authorandTVhostinChina.Lang'searlyexperience•Langxianping'sancestorswerefromweifang,Shandongprovince.Hisfatherisanairforcemajorgeneralofkuomintang(国民党空军少将).Andhismotherisachemistryteacher.Hisparentswerecollegeclassmates.AndheisateacherinChineseUniversityofHongkong.EducationexperienceIn1978,LangreceivedhisbachelordegreefromTunghaiUniversityIn1980,hisreceivedmasterdegreefromNationalTaiwanUniversity.In1983,hestudiedatWhartonSchooloftheUniversityofPennsylvania,wherehereceivedamasterdegreeandaPhD(哲学博士学位)inFinance..experienceAftergraduated,LangbecamealectureratWhartonSchooloftheUniversityofPennsylvania,MichiganStateUniversity,OhioStateUniversity,NewYorkUniversityandChicagoUniversity1994:LangwasalsoChairProfessorofFinance,theFacultyofBusinessAdministration,atTheChineseUniversityofHongKong.experience1998-2001:ShenzhenStockExchange,andtheFinancialServiceBureauoftheHongKongGovernment.Heresearchedcorporategovernanceandprotectionoftheinterestsofsmallshareholders.In2002,hepublishedhisnewbooktitledWhoIsMurderingtheChineseEconomy:theCulturalCursethatPossessesChinesePeople,ChineseeconomistLarryHsienPingLangstatesthatdeep-rootedbadculturalhabitsaremurderingtheChineseeconomy.LangfurtherstatesthatThisisnotthemostdeadly-themostfatalandsorrowfulistheimpulsivetrait!AsIoftensay,oncetheirenterprisesgrowtoalargescale,ChineseentrepreneurswilldevelopamorbidpsychologytohavetheircompaniesbecomeoneoftheGlobal500.Torealizesuchagoal,theyresorttoanopportunisticapproach.experienceexperienceSincethen,Langhasrisentohisfamebyscolding.FromD'LongtoHaier,fromTCLtoGreencool,thosescoldedbyhimwereallwell-knownlargeenterprises.PeoplewhohateshimcallshimaRogueProfessor,whereasthosewholikeshimsaysheisonewhodarestospeakthetruth.program•HehostedmanyTVprogramstheseyears,andintheseprogramshedaredtoclaimthedisadvantagesinchineseeconomy.Thatiswhatothereconomistscan'tdo.•郎博士主要致力于资本市场、投资学、企业重组、兼并与收购、破产等方面的研究,畅销书《公司治理》。1990年金融学论文引用率排名全世界第一,“金融经济学期刊”(JournalofFinancialEconomics)2002年将他的四篇学术论文列入自创刊以来必读的“全明星论文”名单(ALLSTARPAPER)。Lang'sInternationalachievementsInoneofthetwomajorresearchdirectioninthecontemporaryworldfinance,accordingtowell-knownexpertsandprofessorsofallglobalrankings,LangXianpingrankedeighthintheworld.Inotherwords,withtheProfessorLang’sachievements,hecanbebackboneofanyAmericanTOP5businessschools.Maintheoriesonpublicmedia•Langhasrepeatedlystatedinpublicthat,regardingMacroeconomics,hebelievesinKarlMarx'sScientificcommunismand“EconomicCrisis:InevitableunderCapitalism”theory.•HethinksthatbiggovernmentcanbringmorejusticeandwelfaretothesocietythanMinarchism(小政府主义)whichcondonesviolationsontheinterestsofsmallshareholdersbyfinancialcapital,andeventuallyleadingtofinancialcrisis.ThatiswhyheissometimescalledaNewLeftacademic.Lang’smainideasIn1999,LangidentifytheownershipstructureoffirmsinnineEastAsiancountriesandconcludethatthemaincorporategovernanceprobleminthesecountriesistheexpropriationofminorityshareholderbycontrollingshareholders.•Since2003,hedevotedmostofhistimetotheresearchonthestrategyofenterprises,andexplain“analysisofcorporategovernanceandcorporatestrategy“forenterprisesseniormanager.HeisknownasGodfatherofPrivateEnterprise”inChina.From2006tothepresent,Lang’sweapononthemanufacturingcourseisthefamous“6+1”theory.HebelievesthatChinaisnotabigmanufacturingindustrycountry,therealbigmanufacturingcountryistheUnitedStates;moremanufacturinginChina,themorerich.fortheUnitedStates•Hisreasonisthatintheindustrychain,ChinaisonlyresponsibleformakinglinksandonlygotalittleProfit.Meanwhile,itcausesmanyotherproblems,suchasthepollutionoftheenvironment,theexploitationoflaborproblems,whereasmostprofitistakenbyEuropeanandAmericancountries,somoremanufacturinginChina,moreandmorebenefittheabovecountriesget.6+1theory•6+1theory:Chineseenterprisesininternationalcompetitiononlyoccupytheproductionofthe1partoftheprofits,thepoor.ThewholeIndustrychain6--includingProductdesign,procurementofrawmaterials,Storage,Transport,orderprocessing,wholesaleandterminalsales,whichcreatesthevalueof90﹪.TwoYuanEconomy•LangXianpinginallpartsofspeechhaspointedoutthatChina'srealestateandstockmarkethotisbecauseChinaisina“TwoYuanEconomyStructure.Therearetwoextremepartsinchina’seconomicdepartments:“thetoohotones”and“thetoocoldones”.Forexample,thestockmarketsandthepropertymarketsarethehotones,whichmakesup30﹪ofchina’seconomy.Therest70﹪economyconsistsofthecolddepartments,mostofwhomareprivateenterprises.TheTwoYuaneconomicstructure,leadstoareversePhenomenonofthecapital,fromcolddepartmentstohotdepartments,whichcauseaviciouscyclelaterthatthehotonebecomesmorehotandthecoldonebecomesmorecold.What’sworse,thegovernmentandmostChinesepeopleonlyseethehotpart,neglectingthecoldpart.ThefamousViewtopic1.Thenextfewyears,China’sprivateenterpriseswillfaceagreatchallenge.2.民营企业应知所进退,藏富于民才是真谛。3.JapancanneverstealMaotaifromChina.4.我认为,真正能赚钱的好项目,应该由我们全体老百姓来做。5.MyhouseisdirtytodaysoIfindacleanertocleanitup,a