Rebirth of the Strongest Tycoon

PS: Don’t subscribe to this chapter. I accidentally changed the leave request form to this one, which caused the release time to be messed up and embarrassing. I have already reported it to myself, and this chapter should be closed in a few days.

There are many Hong Kong piers, but most of them are large piers. There is only one public pier for small boats to dock and drop off passengers. It is located in Edinburgh Square in Central, Hong Kong Island, adjacent to the Hong Kong City Hall and facing the Queen's Wharf in Victoria Harbour.

May 20th.

Xia Yu stood in front of the floor-to-ceiling windows on the upper floors of the Jiuding Bank Building, overlooking the grand handover ceremony being held at Queen's Wharf.

This day is very special.

It was only because the new Governor of Hong Kong, Peter Monroe, arrived at Queen's Wharf, handed over power to MacLehose on the wharf, and officially assumed the post of Governor of Hong Kong.

Looking at the grand celebration ceremony, Liu Tianci, who was standing beside Xia Yu, said with a smile: "Chairman, it seems that there are a lot of bigwigs on the scene to welcome Peter Monroe. When are we going to visit him? Or? Wait until he has a banquet?"

There was an inexplicable smile on Xia Yu's mouth, and he shook his head slightly and said, "There is no need to visit him, he will take the initiative to come over."

Liu Tianci was stunned for a moment, then glanced at Xia Yu puzzled: "Will he take the initiative to come over?"

Xia Yu nodded slightly, did not hide it from Liu Tianci, and said softly: "I have reached an agreement with the British Prime Minister, and I will have the final say in Xiangjiang in the future!"

"Peter Monroe should have been ordered."

Liu Tianci was shocked, and looked at Xia Yu, who looked indifferent, with shock on his face, and then his heart was filled with great joy.

If what the chairman said is true, then from this moment on, the sky of Xiangjiang will change. The chairman will cover the sky with one hand, from the business and political leaders to the common people, all will be shrouded in the shadow of the Jiuding Consortium!

What this means, Liu Tianci can't imagine, but he knows that the time has come for Jiuding Bank to step on the head of HSBC and dominate Hong Kong!

"Wang Qi should be here soon, tell me about the stock exchange!"

After that, Xia Yu turned around and left.

Liu Tianci once again took a deep look at the bustling Queen's Wharf in the distance. With a smile on his face, he strode away. He wants to meet Wang Qi first, so that he can report the progress of the Stock Exchange to the chairman later. .

...

Not long after, Wang Qi came to the Jiuding Bank Building, and after a brief communication with Liu Tianci, the two came to Xia Yu's office.

"Chairman, I'm sorry I'm late!"

Facing Wang Qi's apology, Xia Yu waved his hand and said, "Kowloon is a little far from Central. If you are not late, please sit down and tell me about the specific situation of the Stock Exchange."

Liu Tianci and Wang Qi looked at each other, and Wang Qi took the lead to say: "Chairman, from September to March last year, we completed the acquisition of a large number of shares in the four major exchanges, and then on the 18th of last month , completed the asset integration of the four exchanges, and converted all the equity of the four exchanges into the equity of the Heung Kong Stock Exchange."

"After the conversion, the total share capital of the United Exchange is one billion shares, and we hold a total of 495 million shares, accounting for 49.5%, but these shares are scattered among Jiuding Bank and Jiuding Bank. In the hands of securities companies, Standard Chartered Bank, Jiuding Insurance Co., Ltd., Chiba Bank of the island country, Hang Lung Bank and other companies, Jiuding Bank holds up to 15% of the shares, and it is also the largest shareholder of the Hong Kong Stock Exchange."

"Besides us, the second largest shareholder is the Hong Kong government, which holds 10.5% of the shares and has two directorships. The Bank of East Asia and Li Fuzhao together hold 9.2% of the shares, making them the third largest shareholder... "

Following Wang Qi's talk, Xia Yu had an intuitive and concrete impression of the Hong Kong Stock Exchange.

Under his intervention in this life, the Hong Kong Stock Exchange is fundamentally different from the previous life.

According to the historical trajectory, if the Hong Kong Stock Exchange wants to go to this stage, it will have to wait until 1985 at least, but now it has reached this level three years ahead of schedule.

In addition, the former Heung Kong Stock Exchange was a member-based stock exchange.

This world is a company-based stock exchange, which is fundamentally different from the system.

These two systems have their own advantages and disadvantages, and the meanings of advantages and disadvantages are different for people from different positions.

A member-based stock exchange is a non-profit organization established in the form of a member association, mainly composed of securities dealers. Only members and licensed brokers are eligible to trade on the exchange. And member-based stock exchanges implement member autonomy, self-discipline and self-management. The highest authority of a member-based stock exchange is the General Assembly, the Council is the executive body, and the Council employs managers to be responsible for daily affairs.

Like the Shenzhen Stock Exchange and the Shanghai Stock Exchange in the previous life, they are both member-based stock exchanges.

The corporate stock exchange is for profit. It is a company established by joint investment of various investors. The corporate stock exchange is responsible for securities transactions within the stock exchange and must have a compensation fund.

Now the Geneva Stock Exchange in Switzerland, the New York Stock Exchange in the United States and the London Stock Exchange in the United Kingdom are typical representatives of corporate stock exchanges.

As for the advantages and disadvantages of the exchanges of the two systems, a brief summary.

Advantages of membership-based stock exchanges: Relatively speaking, economic interests are not the first goal of the enterprise, but how to make the exchange platform bigger and stronger is the first goal.

Disadvantages of membership-based stock exchanges: There are many rules, low efficiency, and the scale of the exchange is slow to expand.

The advantages of a corporate stock exchange: because it does not directly participate in securities trading, it is in a neutral position in the process of securities trading, so it helps to ensure the fairness of the transaction; at the same time, because its main responsibility is to provide the various It has a variety of material conditions and services, and its business activities are relatively simple, which is conducive to providing securities firms with as complete trading facilities and services as possible.

Disadvantages of corporate stock exchanges: Compared with the membership system, the maximization of shareholders' profit is the first goal of the enterprise, and sometimes it will harm the interests of other traders for the interests of shareholders.

For Xia Yu, a capitalist who is also the king of Hong Kong's finance, of course, the company-based stock exchange is more beneficial to him, and can more firmly stabilize his position in Hong Kong.

And in order for Heung Kong to rise as quickly as possible, the inefficient and slow expansion model of a membership-based stock exchange is really inappropriate.

...

After Wang Qi finished speaking, Xia Yu asked, "Is there much noise inside the United Stock Exchange now? Are Li Fuzhao and others honest?"

This time, it was Liu Tianci's turn, the chairman of the board of directors, to introduce.

He shook his head and said, "Li Fuzhao is definitely not reconciled, but he is a smart person, so after he got the post of vice chairman of the exchange, he is more cooperative with the company's decrees."

"However, he can be regarded as the second largest force in the exchange. Under his connection, Hu Hanhui, Chen Pufen, Wang Qiming and Hu Baixi are all united by his side, and they together hold more than 22% of the shares. , with four board seats.”

"We have ten director seats on our side. In addition to the nine seats corresponding to our own equity, Bank of Hong Kong also gave us the voting rights corresponding to 0.5% of our equity, which increased our director seats. One, now we control ten of the nineteen board seats."

"We are also the major shareholders of Hang Seng Bank and HSBC, and the directors stationed by these two banks in the exchange have always been on our side."

"And the two directors sent by the Hong Kong government are also quite supportive, so the merger of the exchange is progressing very smoothly."

"Now that the new Governor Peter Monroe takes office, the position of the two directors of the Hong Kong government will definitely be more firmly on our side," he said.

Xia Yu showed a smile and said affirmatively, "Good job."

"Thank you for the compliment, Chairman!"

Liu Tianci and Wang Qi immediately answered modestly.

Xia Yu smiled and continued to ask: "Then what procedures do the United Stock Exchange need to go through now, and when will it be officially launched?"