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Published at 25th of December 2023 05:17:29 AM


Chapter 305: [Let the public opinion be more violent! 】

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Chapter 305 [Let the public opinion be more violent! 】

Wu Guangyao's desire to establish the ‘Kowloon Stock Exchange’ in accordance with the Hong Kong Island’s "Corporate Law" can be said to have stirred up a wave of waves and aroused many discussions among people on Hong Kong Island.

From a historical point of view, the establishment of the'Kowloon Stock Exchange' not only broke the post-war situation of the'Hong Kong Island Association' monopolizing the Hong Kong Island stock market; and since then, people of insight on Hong Kong Island will certainly follow suit and make An era of'a hundred schools of thought contend and a hundred flowers blossom' appears in the Hong Kong Island stock market.

From the actual situation, when the "Hong Kong Island Association" monopolized the stock trading on Hong Kong Island, Chinese-funded (Chinese) were largely excluded, so they needed to find another space. Even some Chinese-funded enterprises were very antagonistic. Dissatisfied with the consistent style of the Hong Kong Island Association; once the'Kowloon Stock Exchange' is established, it will be much easier for Chinese-funded enterprises to raise funds in the future!

It can be said that the establishment of the ‘Kowloon Stock Exchange’ is a general trend, and Wu Guangyao just ignited this spark!

The news of the upcoming establishment of the Kowloon Stock Exchange shocked Hong Kong Island society, and stockbrokers and securities firms were extremely nervous because they were worried that the new exchange would affect their business.

Wu Guangyao was quickly spotted by a large group of newspapers and crowded under the office building of the Yangtze River Center. Everyone asked for an interview with Wu Guangyao;

Wu Guangyao came to the lobby on the first floor of the Yangtze River Center office building under the **** of security, and accepted everyone's interview.

Many reporters asked Wu Guangyao for confirmation, is it true that he took the lead in establishing the Kowloon Stock Exchange?

Wu Guangyao said: "After the war, Hong Kong Island has been developing for fifteen years, and the number of companies and the amount of foreign trade are undergoing drastic changes; however, our listed companies have always remained at more than 50. Some high-quality companies think Expansion of business, but there is no way of funding. May I ask, is this in line with the law of economic and social development? Therefore, the establishment of the Kowloon Stock Exchange is imperative! And I am just a leader. You will see the Kowloon Conference later. The real face!"

In Wu Guangyao’s words, although he did not affirm that he was the chairman of the Kowloon Stock Exchange, he told everyone the fact that the development of the listed company system on Hong Kong Island was slow, which seriously hindered the economic development of Hong Kong Island. Therefore, the establishment of the Kowloon Stock Exchange is expected. Must do!

In response to Wu Guangyao’s plan for the stock exchange, newspapers such as the South China Morning Post and The Star interviewed some stockbrokers and businessmen to understand their views on the new exchange.

In general, the attitude of most of these interviewees is rather conservative and opposed.

An interviewee who did not want to reveal his identity said that the stock market is full of variables. People should not rashly agree to set up an exchange based on the booming stocks. They should think about the issue of how to maintain the stock market in the off-season or the stock market crash.

Some people directly pointed out that if the new exchange cannot attract new funds and new investors, it will only bring a negative impact to the market.

Some people even criticized Wu Guangyao directly, saying that Wu Guangyao was seeking personal interests with personal motives, and did not consider the actual situation of society at all; it was because the Hong Kong Island Association rejected the listing of Cheung Kong Holdings!

It can be said that most of the interviewees are opposed to it, but support is less; even if they support it, they are quite cautious!

The most fierce opposition is of course the Hong Kong Island Stock Exchange, the opponent of the Kowloon Stock Exchange. AH·Jushi directly told reporters: "It is absolutely unnecessary to establish a new exchange. We are a very well-run exchange. , Even in the recent period when the transaction is very fierce, our operation is also very good!"

AH·The implied meaning of the words, Wu Guangyao is a hot spot on the Hong Kong Island Stock Exchange, and wants to make a profit!

While the stock exchange is a non-profit organization, it is clear that businessmen like Wu Guangyao are not welcome!

Wu Guangyao just went to the Hong Kong government to register to confirm the feasibility of establishing a stock exchange, but he did not expect to encounter so many objections!

More brokers from the Hong Kong Island Stock Exchange jointly wrote a letter in the newspaper "Sing Tao" to raise three questions to Wu Guangyao:

First: What is the purpose of the establishment of the new exchange? Exchanges all over the world are non-profit making, are the new exchanges also non-profit making?

Second: Did the founder decide to set up a stock exchange because his company wanted to go public, but was rejected by the Hong Kong Island Council because it did not meet the regulations?

Third: Does the new stock exchange trade stocks that are already listed on the Hong Kong Island Stock Exchange? Or introduce new stocks on their own?

Faced with these sharp and pungent questions, Wu Guangyao smiled contemptuously, and moved the cake of these people by himself. They were anxious!

Wu Guangyao did not evade these problems, and explained his purpose in his own newspapers "Oriental Daily" and "Ming Pao".

"First of all, the Kowloon Stock Exchange must be a non-profit stock exchange. This is a prerequisite and a condition for its establishment!"

"Secondly, we are proceeding from the public interest. Hong Kong Island needs more financial facilities to support the development of industry! We hope to see smaller-scale enterprises also have the opportunity to obtain funds, so as to balance and reduce the cost of raising funds. Now, Only large companies or certain specific companies (which allude to British capital) can raise funds publicly, and exchanges often shut out their small companies and some companies (which implies Chinese capital)."

"Finally, we encourage brokers from the United Kingdom, the United States, and Canada to join the Kowloon Stock Exchange! We hope to have 32 brokerage members across Europe, America, and Asia. Of course, when the Kowloon Stock Exchange is established, it will use the listed stocks As a transaction; when the time is right, the Kowloon Stock Exchange will gradually introduce new stocks to ensure the stability of the market!"

Wu Guangyao’s canvassing in newspapers and periodicals obviously changed some public opinions!

It can be said that there are mixed good and bad.

Let history prove it!

The establishment of the Kowloon Stock Exchange is imperative!

Ritz Hotel's Chinese restaurant, Wu Guangyao invited several representatives of Hong Kong and Island securities-Li Fuzhao, Wang Qiming and others.

Wu Guangyao met Li Fuzhao and Wang Qiming for the first time, and he looked at everyone curiously before he said: "Everyone, the purpose of inviting everyone here, I think you should have guessed some of them!"

"Mr. Wu, do you want us to be a member (broker) of the Kowloon Stock Exchange?" Li Fuzhao said happily. For the Kowloon Stock Exchange, Li Fuzhao is very optimistic. Stuck your neck.

Wu Guangyao looked at Li Fuzhao, who was only 31 years old, and he couldn't help but doubt that he had a history of 9 years ahead of schedule. Is it correct?

But now that things have happened, I have no retreat, and I have let go of ruthless words. How can I admit it?

"It’s only a little and a half right. I invite you to come to the Kowloon Stock Exchange to take up management positions. Part-time members are fine. You should know that I am just a layman in the securities industry, and I am not interested in the Kowloon Stock Exchange. Exchange. I would like to invite Mr. Li to be the vice chairman of the Kowloon Stock Exchange. When the time is right, I will hand over the position of chairman to you. At the beginning, I just withstood some external pressures for everyone People dare not move!"

Wu Guangyao’s words shocked everyone, what is this guy doing?

One thing done with great effort, but giving the credit to others.

(End of this chapter)




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