Reborn Capital Madman

Chapter 0197 the exchange is also crazy

After Liang Xin saw Gao Xian, she asked with a bit of embarrassment: "Mr. Gao, can the option reward I received from Shanghua Culture be cashed in now?"

After hearing this, Gao Xian suddenly realized that Liang Xin was actually embarrassed about this matter.

At the beginning, in the process of preparing to establish Shanghua Culture, Gao Xian promised Liang Xin, a "coolie", 500,000 options, and promised that Shanghua Culture would be obliged to repurchase the shares at the current price.

Now, Liang Xin's equity has expanded tenfold, and it is indeed a good time to cash out.

"Do you think I am someone who breaks my word?" Gao Xian laughed, "I can sign now."

"Thank you very much, Mr. Gao!" Liang Xin said with infinite gratitude.

"You have made great contributions to Shanghua Culture, and this income is justifiable." Gao Xian reminded kindly in the tone of a friend: "After you have a large amount of cash, don't just follow others around regardless of wind or rain.

Although the investment market is very lively now, traps are everywhere."

Liang Xin nodded, seeming a little distracted.

Gao Xian noticed that Liang Xin seemed to have something on his mind, but it was inconvenient for him to ask more questions and he was busy with official duties, so he didn't think much about it elsewhere.

There are indeed too many things going on right now.

No, something happened to the Far East Exchange again.

Since the beginning of this year, the Hong Kong securities industry has entered the era of four co-existences consisting of the Hong Kong Stock Exchange, the Far East Exchange, the Gold and Silver Stock Exchange, and the Kowloon Stock Exchange. Each exchange has been trying its best to attract stocks and trade from their own platforms.

, it can be said that the competition is fierce.

There are still many specific ways to attract customers, such as lowering the standards for companies to be listed on the market, lowering the commission ratio of stock brokers, etc.

Within a few months, the Far East Exchange was a little overwhelmed.

Because, before its wings were fully fledged, in order to avoid pressure from the Hong Kong Stock Exchange, the Far East Exchange reached an agreement with the other party not to engage in malicious competition, which included limiting stock brokerage commissions from being too low.

But now, in order to make money, everyone is jealous and loses moral integrity; the Far East Exchange, which is feeling great pressure, does not want to continue wearing the golden hoop of Sun Wukong.

There is one situation that must be pointed out. Although the Far East Exchange exceeds the Hong Kong Stock Exchange in terms of transaction volume, the current stage is not the 1980s when China clearly took back Hong Kong. The British are still in a dominant position, and from Europe

The funds flowing into Hong Kong are also more willing to flow through financial channels controlled by foreigners such as the Hong Kong Stock Exchange.

To put it bluntly, although the competition between the four exchanges is fierce, in fact, the Hong Kong Stock Exchange is still very nourished by virtue of its innate advantages. In fact, the Far East Exchange, the Gold and Silver Stock Exchange, and the Kowloon Stock Exchange are

The three exchanges are competing for food from a bowl.

The Far East Exchange and the Heung Kong Stock Exchange had an agreement to avoid vicious competition, but the Gold and Silver Stock Exchange and the Kowloon Stock Exchange, which were later established, were not within this limited framework.

As a result, the Far East Exchange became the most constrained one.

In order to honorably tear up this agreement, the Far East Exchange convened core members for discussions.

Gao Xian feels helpless about this upcoming change in industry rules.

The stock brokerage commission rate was originally 25/10,000 to 50,000 of the transaction volume; now that the market has fallen into vicious competition, it has to be uniformly lowered to 5/10,000.

For a large securities company of considerable size, the losses are not insignificant.

To give a specific example, with an annual transaction volume of 100 million, the maximum commission that could be earned was 500,000, but now only 50,000 is left, which has shrunk tenfold.

But from the perspective of the Far East Exchange, lowering the stock brokerage commission ratio is also a helpless move forced by vicious competition in the market.

It can only be said that the current market puts participants in a dilemma and they may have embarked on the wrong path.

How to tear up the agreement decently is a technical task. The Far East Exchange held two high-level meetings for this purpose, but neither found a way to justify it.

Many stockbrokers who got the news began to complain one after another.

The most common saying is that the shoe shine boy's fee for shining a pair of shoes has increased from 1 dime to 20 yuan, but our stock broker's commission has not gone up but has gone down.

In the end, Far East Exchange finally found a way to make excuses, that is, to misinterpret the "A" in the clause "A Stock Exchange Not Allowed..." to mean the Hong Kong Stock Exchange.

In this way, since "A" represents the Hong Kong Stock Exchange, the representative letter of the Far East Exchange is naturally "B".

Ever since, "A Stock Exchange Not Allowed..." became "Hong Kong Stock Exchange Not Allowed...", and the Far East Exchange "ran away".

Seeing this scene, Gao Xian couldn't help but wipe his sweat secretly. He said to himself that he must be more careful when signing English agreements in the future!

Of course, when the Far East Exchange explained to the outside world the reason for lowering the stock brokerage commission ratio, it was all in grand terms, such as giving profits to shareholders, etc. It was so touching!

After Gao Xian stayed at the Capital Market Research Center for a while, he got up and left the Far East Exchange. As a result, he met Xiang Zhiqiu at the door, who was already a famous figure in the Hong Kong stock market.

"Mr. Gao, what a coincidence! It's getting more and more difficult to meet you now." Xiang Zhiqiu greeted enthusiastically: "I invite Mr. Gao to drink coffee. Can you please do it for me?"

Gao Xian, who also wanted to get information on Xiang Zhiqiu, readily agreed.

Xiang Zhiqiu said as he walked: "I didn't expect that the exchange has become crazy now. The Far East Exchange has lowered the stock brokerage commission rate so much. Compared with more than two years ago, when it tried its best to please its members, the matchmaker threw it over the wall when a new person entered the bridal chamber.

It means."

Gao Xian joked: "You have already made tens of millions from the stock market, why do you still care about this commission?"

"I can't compare to Mr. Gao's wealth." Xiang Zhiqiu sighed, "The stock broker's commission is at least guaranteed even if there are droughts or floods."

Gao Xian didn't want to waste his time on such a foregone conclusion and meaningless topic, so he turned to ask: "Which stock is Brother Xiang helping to make the market recently?"

"Knowing that Mr. Gao is well-informed, there is no need for me to hide it." Xiang Zhiqiu replied calmly: "I am helping Yifu to increase the share price of Land Company."

"I don't know what Jardine is trying to do. Could it be that the Connaught Building, Asia's tallest building under construction, is encountering funding problems like before the Cross-Harbor Tunnel, and then it wants to pump water from the stock market by raising its stock price."

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