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Published at 25th of December 2023 05:17:31 AM


Chapter 304: [The arrogance of "Hong Kong Island Club"]

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Chapter 304【The Pride of the Hong Kong Island Club】

Cheung Kong Holdings submitted its listing application to the Hong Kong Island Stock Exchange in May;

While Cheung Kong Holdings was waiting to raise funds for listing to purchase and develop the land of Cheung Kong Real Estate, the "Hong Kong Island Association" actually rejected Cheung Kong's listing application;

The reason is ridiculous. There are too few properties in Cheung Kong, and there is only one Changjiang Center (the former Global Building was transferred to Cheung Kong Real Estate for development because it had no money to develop!), so it does not have the requirements for listing!

Wu Guangyao couldn't help but let out a sneer when he heard it, and said dissatisfied: "These British guys are really arrogant!"

'Hong Kong Island Club' is a monopolistic club. Most of its members are British (independent securities firms or brokers), or securities companies (joint ventures) mainly controlled by British capital.

So, the restrictions on entry into the industry, to put it bluntly, are the stuff of a small group of people or a certain class of people!

For the entire Hong Kong Island, investment channels are not open.

Therefore, the number of listed companies on Hong Kong Island has been maintained at more than 50!

However, the number of factories has doubled several times over the past ten years, and the import and export trade volume has also doubled several times;

In other words, the number of listed companies on Hong Kong Island obviously cannot reflect the growth of the overall economic strength of Hong Kong Island!

There is another, the ‘Hong Kong Island Club’ is controlled by the British and treats Chinese companies and British companies differently;

caused the money of Chinese stockholders to flow to British companies, and indirectly helped the growth of British companies. This is the most terrible!

This situation continued until 1969, when the Chinese ‘three associations’ were established, and the ‘four associations’ were formed, and it was changed!

"Boss, this Hong Kong Island will deliberately prevent us from listing on Cheung Kong, and it may not be without the support of the foreign companies behind it! If this is the case, we are afraid it will be difficult to obtain listing status. Instead of this, you simply inject Cheung Kong's land resources into Cheung Kong , Increase the proportion of our own shares; we can start the real estate project with another part of the loan." Shi Jun said.

In the eyes of the Three Musketeers, there is absolutely no need for Cheung Kong to go public, and the boss is not short of money;

But in Wu Guangyao's eyes, after Cheung Kong Holdings went public, he might make more profits;

In addition, Wu Guangyao is preparing to invest in the hotel industry in Dongying, Europe, and the United States while using the hotel to invest in the real estate industry.

You can't invest all your money in Hong Kong Island, you need to diversify it!

Some people say that the Chinese in Southeast Asia and Hong Kong Island are called ‘Oriental Jews’;

means that the Chinese in these places will invest their assets all over the world to ensure the safety of private property!

The reason is very simple, because the Chinese in these places, like the Jews, have no roots!

Especially the Chinese in Malay, Thailand, Indonesia and other places, even more so;

In these places, they belong to ethnic minorities and are in danger of being swallowed up from time to time;

So when they have money, they will sprinkle the money to the world.

Wu Guangyao is also worried. If one day offends London accidentally, there must be a little more back!

Seeing Wu Guangyao sinking into contemplation, the Three Musketeers was a little nervous. What's the matter with this boss, why does he have to be listed?

"I already have a plan for this matter, you can work with peace of mind!" Wu Guangyao suddenly said confidently.

"Yes, boss!" The three of them saw Wu Guangyao's face with confident smiles, knowing that the boss must have thought of a good way.

The full name of ‘Hong Kong Island Club’ is the Hong Kong Island Stock Exchange, located at 015 Queen’s Road, Central, Hong Kong Island.

At this time, in an office, a group of British people are laughing presumptuously!

The chairman of the Hong Kong Island Association, AH Ports, said with a smile: "With a piece of property, he wants to go public. This Chinese businessman wants to be really simple! I think he wants to use his reputation on Hong Kong Island to let those investors pay for it. For this I firmly don’t support this situation! Hong Kong Island would even hope that high-quality assets such as Jardine Matheson will be listed on the market, so that we can be considered worthy of those investors!"

Keswick listened to AH·砵shi's words and responded: “Of course, our Jardine Matheson is preparing to go public, and we will have to trouble Chairman AH·砵shi!”

"Keswick Taipan, please rest assured that the people of Hong Kong Island now trust our British company more! From the stock trading of listed companies, it can be seen that everyone is not very interested in the stocks of those more than a dozen Chinese-owned companies; I prefer British companies. This can be seen from the recently listed China Gas Company!"

AH·Janshi suddenly mentioned China Gas Company, Keswick was a little bit upset!

Because the China Gas Company is a subsidiary of Wheelock & Co., but the little Madden of Wheelock & Co. and Wu Guangyao are walking very close recently!

This time, Keswick invited Little Madden to come to the Hong Kong Island Association together, lobbying Chairman AH·Dish, Little Madden refused without hesitation.

This makes Keswick feel that little Madden is not good at praise, and no old Madden is friendly!

In fact, what Keswick didn’t know was that although the old Madden had gone to court with Wu Guangyao, he did not really form hatred; even after the old Madden saw that Wu Guangyao’s shipping was getting bigger and bigger, he treated Wu Guangyao very much. The two of them also occasionally get together to talk about shipping.

Old Madden often educates Little Madden. If Wheelock wants to cooperate with others in shipping, Wu Guangyao must be his first choice!

So, after Little Madden took charge of Wheelock, Wheelock Shipping took global shipping as the vane. The two companies have also cooperated several times on Hong Kong Island.

Not only did Wheelock not come this time, but even Taikoo and Hutchison did not come with Keswick. They wanted to come and didn't want to stand up more enemies.

The arrogance of the Hong Kong Island Club not only aroused Wu Guangyao’s anger, but also spread in the Chinese circle!

"A Yangtze River commercial entity has an annual rent of 20 million Hong Kong dollars and a property area of ​​2.6 million square feet. The Hong Kong Island Association actually thinks that Cheung Kong Holdings is not eligible to be listed! It is a great success in the world!" said Li Fuzhao of the Li family.

Li Fuzhao started trading in stocks at the age of six and is known as the "stock prodigy". Later, after graduating from the University of Hong Kong, Li Fuzhao studied in the United States, obtained an MBA from the University of Pennsylvania, and obtained an accountant qualification. After that, he has been active in the Hong Kong financial market.

At this time, Li Fuzhao is just a broker and stock speculator on the Hong Kong Island stock market. Hearing that Hong Kong Island would shut Cheung Kong Holdings out of the door, he couldn't help but feel a bit aggrieved. Hong Kong Island is really unfriendly to the Chinese!

"Is there any way, the members of the Hong Kong Island Association are all British. As a stock broker, we Chinese can only be linked to these British securities firms." The friend said helplessly.

"One day, we Chinese will change this situation!" Li Fuzhao said confidently.

At this time, Li Fuzhao has already sprouted to change this situation, I don’t know if history will be changed!

Chinese people have fought injustices for Cheung Kong, and supported Wu Guangyao in speech;

And our protagonist Wu Guangyao seems to have died down and there is no sound.

Many people are curious, which is different from Wu Guangyao’s usual style;

With Wu Guangyao's status and character, he should not be so easy to talk!

No matter how much you have to go to the Hong Kong government to make trouble!

One week later, the Hong Kong government spread a shocking news about Hong Kong and Kowloon. Wu Guangyao wanted to establish the Kowloon Stock Exchange.

The Hong Kong government also recognizes that Hong Kong Island is a free economic system, and the law does not stipulate that others cannot open stock exchanges, plus there have been precedents for others to open stock exchanges before;

So, the Hong Kong government cannot interfere in this kind of thing!

For a time, the people of Hong Kong and Kowloon were shocked!

This God of Wealth is not forbearance, but a trick to draw a salary!

Although the stock exchange is a non-profit-making institution, it can have great powers!

After all, they have all kinds of rights to let what company should be listed, what securities company should become a member, and so on!

So, the stock exchange is also a sweet potato!

"The God of Wealth has momentum! I firmly grasped the seven inches of the Hong Kong Island Club! Tell the Hong Kong Island Club, are you convinced?"

"Haha, the Hong Kong Island Conference shut out Cheung Kong Industrial some time ago. Today, I have to worry about the God of Wealth prying his nest!"

A good show seems to be staged, and everyone is waiting for this wonderful showdown!

(End of this chapter)




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