Reborn Capital Madman

Among the four stock exchanges in Hong Kong, the one that best experienced the roller coaster feeling of the Hong Kong stock market craze in the early 1970s was the Far East Exchange.

When the operating conditions were at their best, the combined trading volume of the other three stock exchanges was far inferior to that of the Far East Exchange. But after the Hong Kong stock market collapsed, the Far East Exchange's operations were so bleak that it was like a neglected family!

There is a piece of data that can well illustrate this gap, that is, a work achievement left by Gao Xian when he worked at the Far East Exchange - the Far East Index, which reached its highest point in 1972, exceeding 8,700 points;

In 1974, when the Hong Kong stock market fell into despair, the Far East Index reached its lowest point of just over 720 points.

The Hong Kong Stock Exchange has always been a platform favored by local British and European investors in Hong Kong, and its operations can be said to be stable; the Gold and Silver Stock Exchange benefited from the booming gold market after the Hong Kong government abolished gold controls, and its operations are remarkable; Kowloon Securities

The exchange is just a make-up, if you have to compare it with it, it will really be useless.

The Far East Exchange relied entirely on Chinese capital to achieve great success, but when luck was not there, it could only struggle.

It is not difficult to imagine that as the founder of the Far East Exchange, Li Fuzhao, the chairman of the Far East Exchange, felt bitter in his heart.

Although status in the arena is about qualifications, it is also inseparable from the support of strength.

Now that the hard times are finally over, the improvement in the Xiangjiang stock market has been recognized by more and more people.

You know, confidence is a very important element in the capital market.

Take 1974, the year when the world oil crisis had the most serious impact. The global stock market plummeted. In Hong Kong, the Hang Seng Index was less than 200 points. Among the stocks of more than 300 listed companies, only over 70 stocks had trading volume.

There are only fifteen or sixteen stocks that can really be considered to have a lot of trading activity.

In this case, how can we talk about confidence?

After the Lunar New Year this year, Gaoxing Group acquired Qingzhou Yingni, which set off a craze in the Hong Kong stock market. Speculative activities increased significantly, causing widespread media coverage and being regarded as a credible sign that the stock market is improving.

If we look at the information asymmetry advantage that Gao Xian has, it means that a new bull market in the Hong Kong stock market has begun.

Li Fuzhao is an old expert, so he is naturally more sensitive to changes in the stock market than ordinary investors.

However, perhaps due to long-term depression, Li Fuzhao got a little drunk when he was happy, and began to talk indiscriminately.

For this reason, Gao Xian personally arranged for Li Fuzhao, who was a little drunk, to a separate private room to take a short rest.

Li Fuzhao, who realized that he was a bit rash, laughed a few times to himself, and casually chatted: "Your former subordinate Zhan Peizhong was very active in speculative activities during the acquisition of Qingzhou Yingni by Gao Xing Group. He shouldn't have

I made less money, so I immediately rented a decent office in Kang Le Building."

Gao Xian said indifferently: "Now the stock market needs speculative activities to increase its vitality."

"It seems that your focus is on operating the company value of Qingzhou Yingni." Li Fuzhao nodded, "You alone have successively acquired the Milk Company, San Miguel Beer, Yonggao Company, Qingzhou Yingni, etc. through the stock market.

It seems that the future trend is that corporate mergers will become more important."

"But the cost will also get higher and higher." Gao Xian said meaningfully: "In recent years, the government has issued many regulatory laws for the securities industry, such as the Securities Regulations, the Guaranteed Investors Regulations, the Acquisition Regulations, etc.

"And Merger Code", "Deposit-taking Companies Act", the Securities Commission, the General Association of Securities Registration Companies, and the Stock Exchange Compensation Fund have also been established. Everyone has to abide by more and more rules when doing things."

In fact, the reason why Gao Xian used the topic to say these words was mainly to remind Li Fuzhao that the environment of the securities industry in Xiangjiang is changing in an increasingly formal direction, and the methods of doing things must stand the test to avoid being like in the "old script"

, was caught in the "little braid", and ended up having a miserable life.

I don't know if Li Fuzhao sensed the implication of Gao Xian's words. He just hummed twice in agreement, then stood up and said goodbye: "I'd better go home and rest. Let's talk in detail another day."

…

After finishing a lot of things related to the opening of the Xiangjiang Futures Exchange, Gao Xian seized the time to convene the members of the Xiangjiang Trade Development Bureau Board of Directors to discuss the results of external trade expansion submitted by him when he returned to Xiangjiang this time.

From a mechanism perspective, the Hong Kong Trade Development Council, which has been established for ten years, has been very complete. The Council, the highest decision-making level, has invited many leaders of Hong Kong’s business community and senior officials of the Hong Kong government to join. There is a standing organization below responsible for daily operations.

Chairman Gao Xian does not get bogged down in trivial matters.

A big problem facing Xiangjiang's foreign trade is that it is easily affected by the policies of the importing region. In the past, there was a Commonwealth-wide "Imperial System of Preferences", but now it is a larger-scale "General Agreement on Tariffs and Trade".

But take the United States as an example. Although the United States announced last year that Hong Kong would be included in the preferential tariff-beneficiary area, it is normal for it to adjust its import thresholds at any time for its own benefit.

On a larger scale, Xiangjiang's foreign trade is very afraid of protectionism. For example, the exports of the textile industry are facing increasing pressure.

As the chairman of the Hong Kong Trade Development Council, Gao Xian's response at this stage is to look globally, and the theme of this meeting is to try to develop the Latin American market and use exhibitions as a new way of promotion.

Despite his young age, Gao Xian is able to convince everyone when he does things. This is due to his sincerity, insight and courage.

For example, on the issue of exhibitions, Gao Xian did not just talk, but took practical actions. He did not spend uncontrollable time bargaining with the Hong Kong government for land, but directly started construction of the Hong Kong Conference on his own land in Causeway Bay.

Exhibition center.

"Gaoyi Research Institute just made a report..." Gao Xian motioned to the staff to distribute the document, "According to the current trend of the common market further restricting textile imports from Hong Kong, it is estimated that Hong Kong loses one billion Hong Kong dollars every year and causes 10,000 workers to lose their jobs.

"

…

After Gao Xian returned to Xinhua People's Bank after attending a meeting with the Hong Kong Trade Development Bureau, he saw Zhan Peizhong, who had been waiting for a long time, at the reception desk.

Although Zhan Peizhong is a small person, he is walking on the path that Gao Xian expects, so Gao Xian secretly ordered his subordinates to try their best to arrange it if the other party came over.

"Pei Zhong, judging from your complexion, you have been very proud of yourself recently." Gao Xian joked with a smile.

"Thanks to Sir Gao for taking care of me." Zhan Peizhong quickly bowed respectfully and said, "I came to disturb you this time because I want to ask Sir Gao for a favor."

…

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