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Published at 25th of December 2023 05:17:22 AM


Chapter 309: [Zheng's concentration on gold and silver jewelry! 】

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Chapter 309 [Zheng's concentration on gold and silver jewelry! 】

Kowloon Stock Exchange, located at 106 Nathan Road, Kowloon.

Wu Guangyao gave Li Fuzhao and others a total of 100,000 Hong Kong dollars in start-up funds, and the subsequent funds are mainly provided by members.

Although the stock exchange is a non-profit organization, it always needs funds to run the company, so these funds come from members. The so-called members are equivalent to future securities companies.

The licenses obtained by these members can even be transferred. During the bull market in the 1970s, a license transfer fee amounted to hundreds of thousands of Hong Kong dollars.

"How is the recruitment of members?" After Wu Guangyao returned to Hong Kong, he first came to the Kowloon Stock Exchange to check the progress of preparations.

Although Wu Guangyao does not care about the specific affairs of the exchange, he also allows his financial adviser Morse and legal adviser Hollande to lead the team to assist Li Fuzhao and others, and it can also be said to supervise these people;

In order to avoid getting into lawsuits during Wu Guangyao's tenure as chairman.

When Wu Guangyao announced that Li Fuzhao and others would serve as senior executives at the Kowloon Stock Exchange, many people on Hong Kong Island finally changed their views!

At first, these people worried that Wu Guangyao was a layman and messed up this kind of thing!

Now that a group of professionals have joined, it is naturally much better.

Plus, the establishment of the Kowloon Stock Exchange has become a foregone conclusion, so everyone is not as fiercely opposed as it was at the beginning!

"Currently there are 12 seats, six in Europe and the United States, and six in local Chinese. Since you have strict requirements for Wu's seat, there will be only these 12 seats when it opens. We will gradually introduce more members in the future." Li Fuzhao said.

Wu Guangyao saw Li Fuzhao's eyes darkened, and he immediately thought of why?

First, Wu Guangyao said that the external pressure should be carried by himself, but it took 20 days to go to Europe, which caused Li Fuzhao to be miserable!

Second, there was a lot of work in the beginning, which may be caused by exhaustion!

"The exchange is advancing slowly, and there must be no such thing as being caught in a pigtail! I think you have been very hard recently, you can adjust it properly and take it slow!"

"Fortunately! The work is almost done, and it is estimated that it will be open to investors at the end of July! Wu Xi, when is your company going to go public?" Li Fuzhao didn't feel tired at all at this time, only excited! At the thought of something that could break the British rule of the stock exchange, Li Fuzhao thought he was overwhelmed.

Wu Guangyao thought for a while, and said, "In the first two months, we traded the stocks that were already listed. In the third month, my Cheung Kong Holdings was going to be listed! There is another company that wants to be listed on our stock exchange. Garment factory; the strength is quite good, I will introduce you later! As for other companies, you must strictly check! Smaller companies are fine, but they must be stable companies. We can't be caught by the "Hong Kong Island Association"! "

The garment factory mentioned by Wu Guangyao is the Hualian garment factory of Lin Shengcai, the vice chairman of the Hong Kong Island Garment Chamber of Commerce;

I don’t know if Lin Shengcai is famous in history, but Lin Shengcai has indeed relied on Wu Guangyao’s support over the years to manage the garment factory on a large scale.

Wu Guangyao is the chairman of the Hong Kong Island Garment Chamber of Commerce. Over the years, he has been contributing to the Hong Kong Island garment industry abroad, so Wu Guangyao has a very high prestige in the Hong Kong Island garment industry.

"Well, I know! We are a stock exchange that was established under questioning, so I will definitely supervise listed companies for the stockholders seriously." Li Fuzhao said seriously.

One day at the end of June, Chow Tai Fook Jewelry suddenly caught the attention of colleagues-all Chow Tai Fook stores displayed their own diamond jewelry;

The owner, Zheng Yutong, claimed that Chow Tai Fook Jewellery already has a diamond license, and there are not only one, but six.

Hong Kong Island Gold Circle is in an uproar!

Did the **** of luck start to look after Zheng Yutong and get him so many De Beer license plates?

You should know that having a diamond license can make a gold shop sublimate to a higher level, and its profit may even double!

In fact, what these people don’t know is that the so-called lucky is essentially equal opportunities. It depends on who has unique vision and flexibility.

Lao Fengxiang Jewelry has obtained the license for so many years, these colleagues have the opportunity to be the second licensed gold shop;

Why can only Chow Tai Fook Jewellery find the way to obtain a diamond license?

First of all, you have to have the strength and courage. The sales of gold and silver jewelry of Chow Tai Fook Jewelry has always been second only to the existence of Lao Fengxiang Jewelry, so it is not difficult to borrow; plus Zheng Yutong broke the boat and borrowed 8 million Hong Kong dollars from the bank, which is rare. Colleagues dare to be so proud!

Secondly, you have a flexible mind (brain) and a unique vision; the diamonds are produced in South Africa. Zheng Yutong personally rushed to South Africa to inquire about the license, and learned that the diamond license of Lao Fengxiang Jewelry was acquired by a local diamond processing factory in South Africa; Zheng Yutong immediately looked for it. A consulting company helps oneself keep an eye on the diamond license.

Finally, luck, the so-called luck is luck! Zheng Yutong has bought a diamond license in more than two years since he registered with a consulting company. This luck is comparable to Wu Guangyao's. It may not be two or three years before the owner of a diamond processing factory is willing to sell it.

The timing for Zheng to obtain the license is very good!

First, Lao Fengxiang Jewelry has opened up the entire Asian market, and Asians have a strong demand for diamond jewelry;

Second, the tourist rate on Hong Kong Island has begun to explode. The number of tourists visiting Hong Kong each year is as high as 150,000. These people have a strong purchasing power for diamonds. The reason is that Hong Kong Island is a place with extremely low tax rates and the price of diamond jewelry is far Lower than European and American market prices;

Third, the Hong Kong government has included the re-export trade of diamonds in the calculation of bulk commodities, because Lao Fengxiang Jewelry puts processed diamond jewelry into exquisite packaging boxes, and then exports them to foreign countries at a higher price.

Lao Fengxiang Jewelry's profit last year (1959) was as high as 18 million Hong Kong dollars, of which diamond jewelry contributed 12 million Hong Kong dollars in profit;

The profit of diamonds has doubled compared with the profit in 1955;

It can be seen that the market of diamond jewelry in Asia has slowly begun to flourish.

Chow Tai Fook Jewelry made such a high-profile announcement and obtained several diamond licenses, but Lao Fengxiang Jewelry ignored it in a low-key manner!

Guyin, everyone has long expected that there are more and more diamond chambers on Hong Kong Island, and Chow Tai Fook Jewellery is just the second one.

At this time in Chow Tai Fook Jewellery’s meeting room

Zheng Yutong said to the management: “It’s not that Lao Fengxiang didn’t have no countermeasures. Instead, he started to target our diamond license a few years ago!”

A management questioned: "Boss, how did they target us a few years ago?"

Zheng Yutong looked at everyone and found that no one wanted to answer this question;

Can’t help but sigh, Lao Fengxiang is full of talents in jewelry, and Chow Tai Fook also sighs inferior in this respect!

Zheng Yutong even believes that the so-called Lao Fengxiang’s talents are just Wu Guangyao’s well-educated education and a group of loyal and capable executives.

Take their marketing manager Li Xia as an example. A group of women began to be executives in the 1940s. Nowadays, Hong Kong businessmen have heard of their marketing skills!

I heard that when Princess Margot visited Hong Kong Island, she was very eloquent, and her performance was neither humble nor overbearing. She won the praise of Princess Margot!

"Have you seen the huge advertisement for Lao Fengxiang jewelry in Kai Tak Airport and the ocean shipping service port?"

The management nodded, Zheng Yutong said: "I went to the relevant department of the Hong Kong government to inquire about whether we can buy advertising space at Chow Tai Fook, and guess what the result is?"

The management is still at a loss, or is afraid of being teased for making a wrong guess, so it stays silent.

"Lao Fengxiang Jewelry purchased ten years of advertising rights in these two places where tourists must pass by Hong Kong; and agreed with the Hong Kong government department that there should be no advertisements for similar products. There will be new diamond licenses on the island. These two places are the places where tourists must pass and the first place to pass. It can be said that this trick will enable Lao Fengxiang jewelry to stabilize the business of tourists and stabilize our new diamond dealers. "Zheng Yutong said admiringly.

"Boss, we can buy advertising spaces on the roads that tourists must pass! Besides, Dongying’s diamond jewelry market is very large. We can be a re-exporter and resell the inlaid diamond jewelry to Dongying jewelers. I believe that ours Don't worry about the diamond business at all!"

"Well, you said that the idea is on! Our business does not have to worry about, but any business about women, there is no need to worry about it!" Zheng Yutong said confidently.

Zheng's focus on gold, silver and jewellery far exceeds Wu Guangyao; even if the real estate industry outside is prosperous, Zheng at this time is also cautious and does not make extra loans in the real estate industry.

(End of this chapter)




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