“Hanergy goes bigger, polluted haze gets less.” is a slogan by Hanergy which represented its heroic and sense of responsibility. However, people cannot see its shape clearly because of the surrounded haze.

With the publishing of its half-year report, the scenario went forward swiftly——2,000 staff downsizing has been proved which was speculated by media previously. Meanwhile, followed by FTSE, Hang Seng Index and S&P, MSCI announced to get rid of its indexing.

The market has been changed, but the company may not that one. Although everything has no conclusion but it` s sure that “the capital Hanergy” has defeated, and whether“industrial Hanergy” can revitalize is unknown. Whatever, it is another case for China` s private enterprise developing history that makes people felt pitiful.

As far as the most private enterprises who is striding to capital market, D` Long is not far and Hanergy is near, the risk lesson at the present is vivid and cruel.

There is no fresh under shine, market speculation is as old as mountain, but the puzzle thing is on the unclear backside of mist what makes these diligent entrepreneurs abandoned their hardworking to intoxicated into the capital game so that the market where it took the wealth and glory back to bite themselves severely.

As the core engine of modern market economy, capital market plays an important role in propelling macro economy and enterprise development. The essence of capital market is just a “neutral tool”, but the key point is how to treat it, the capital can help the enterprises rise rapidly but the precondition is it must have the potential and basement.

D` Long in the capacity of private enterprise during that time established a coalition mixed by financial capital and industrial capital started from capital participation and attempted to build a capital chain regarding the sustainable borrowing capacity as a developing engine. Unluckily, it hasn` t attached the importance to capital risk and financial circle continuously, at that moment, capital operation method can just be a pronoun of huge risk.

In fact, most of the entrepreneurs leveraging to capital market should regard it as a path to realize the dream to enlarge the industry but not an aim. We shouldn` t forget our early heart which is called “Industry is the boat and capital is the sail.” The industry is a foundation as well as the capital operation. The capital operation is just a financial leverage tool to maximize the profitability.

Don` t forget the early heart will walk longer.