~： Wrong leave form

PS: Don't order this chapter. You accidentally changed the leave request form to this, which caused the release time to be confused and embarrassed. I have already reported myself to myself. 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 berth and unload passengers ashore. It is located at Edinburgh Square in Central on 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, looking at the grand handover ceremony being held at Queen's Wharf.

This day is very special.

Because the newcomer Peter Monroe, Governor of Hong Kong, arrived at Queen's Wharf and transferred power with MacLehose on the dock, he officially assumed the post of Governor of Hong Kong.

Looking at the grand celebration ceremony, Liu Tianci, who was standing next to Xia Yu, smiled and said, "Chairman, it seems that there are many bigwigs on the scene to greet Peter Monroe. When shall we visit him? Wait until he has a banquet?"

An inexplicable smile appeared at the corner of Xia Yu's mouth, and he shook his head slightly and said, "There is no need to visit him, he will come over."

Liu Tianci was taken aback, then looked at Xia Yu puzzledly: "Will he come over?"

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

"Peter Monroe should have been ordered."

Liu Tianci shook his whole body and looked at Xia Yu who looked indifferent with a shocked face. 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, and the chairman will cover the sky with one hand. From the big businessmen to the people of the Li people, they will be shrouded in the shadow of the Jiuding Consortium!

Liu Tianci could not imagine what this meant, but he knew that Jiuding Bank stepped on the head of HSBC, and the time had come to dominate Xiangjiang!

"Wang Qi should be coming soon. Tell me about the situation of the Stock Exchange!"

After all, Xia Yu turned around and left.

Liu Tianci once again took a deep look at the lively Queen’s Wharf in the distance, with a smile on his face, and strutting away. He wants to meet Wang Qi first, and then he can report to the chairman of the stock exchange’s progress. .

...

It didn't take long before Wang Qi came to the Jiuding Bank Building. After a brief communication with Liu Tianci, the two came to Xia Yu's office.

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

Faced with Wang Qi's apology, Xia Yu waved his hand and said, "Kowloon is a little away 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 then Wang Qi took the lead and said: "Chairman, from September to March last year, we completed a large number of equity acquisitions on the four major exchanges, and then on the 18th of last month , Completed the asset integration work of the four exchanges, and converted all the equity of the four major exchanges into equity of the Hong Kong Stock Exchange."

"After the conversion, the total share capital of the Stock Exchange is 1 billion shares. We hold a total of 495 million shares, accounting for 49.5%. However, these shares are dispersed to Jiuding Bank and Jiuding. Among the securities companies, Standard Chartered Bank, Jiuding Insurance Co., Ltd., Chiba Bank and Hang Lung Bank and other companies, Jiuding Bank holds up to 15% of the shares and 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 director seats. The Bank of East Asia and Li Fuzhao together hold 9.2%, 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 proceed to this point, it will have to wait until 1985 at least, but it has reached this level three years in advance.

In addition, the Hong Kong Stock Exchange in the previous life was a membership-based stock exchange, while in this life it was a company-based stock exchange. This is a fundamental systemic difference.

These two systems have their own advantages and disadvantages, and they have different meanings for people with different positions.

The membership stock exchange is a non-profit organization established in the form of a membership association, mainly composed of securities firms. Only members and licensed brokers are eligible to trade on the exchange. And membership-based stock exchanges implement membership autonomy, self-discipline, and self-management. The highest authority of the membership-based stock exchange is the general assembly, the board of directors is the executive body, and the board of directors hires managers to take charge of daily affairs.

For example, the Shenzhen Stock Exchange and Shanghai Stock Exchange in the mainland of the past are both membership-based stock exchanges.

On the other hand, the corporate stock exchange is profit-making. It is a company established by various investors to invest in shares. The corporate stock exchange is responsible for guaranteeing securities transactions within the stock exchange and must have a compensation fund.

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

As for the advantages and disadvantages of the two systems of exchanges, briefly summarize.

The advantages of membership-based stock exchanges: Relatively speaking, it is not taking economic benefits as the first goal of the enterprise, but how to make the exchange platform bigger and stronger.

Disadvantages of membership-based stock exchanges: there are more rules, lower efficiency, and slower expansion of the exchange's scale.

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

Disadvantages of corporate stock exchanges: Compared with the membership system, maximizing shareholder profits is the primary goal of the enterprise, and sometimes it will harm the interests of other traders for the interests of shareholders.

For Xia Yu, a capitalist and the king of Xiangjiang Finance, it is of course that the corporate stock exchange is more beneficial to him and can further stabilize his position in Xiangjiang.

And in order for Xiangjiang to rise as quickly as possible, the low-efficiency and slow expansion model of the membership-based stock exchange is indeed inappropriate. UU reading

...

After Wang Qi finished speaking, Xia Yu asked, "Are there many noises inside the United Stock Exchange? Are Li Fuzhao and others honest?"

This time, it was Liu Tianci, the chairman of the board, to introduce.

He shook his head and said: "Li Fuzhao is definitely not reconciled, but he is a smart man, so after he has obtained the position of vice chairman of an exchange, he is also more cooperative with the company's decree."

"However, he can be regarded as the second largest power in the exchange. Under his connection, Hu Hanhui, Chen Pufen, Wang Qiming, Hu Baixi and others are united by him. Together, they also hold more than 22% of the shares. , Has four director seats."

"And our side has ten director seats. In addition to the nine seats corresponding to its own equity, HeungKong Bank of China has also given us 0.5% of the voting rights corresponding to the equity, which has increased our director seats. One, now we control ten of the nineteen director seats."

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

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

"Now that the new governor Peter Monroe takes office, the positions of the two directors of the Hong Kong government will definitely stand on our side more firmly,"

Xia Yu smiled and said affirmatively: "Good job."

"Thank you for the compliment, chairman!"

Liu Tianci and Wang Qi immediately replied modestly.

Xia Yu smiled and continued to ask: "So what procedures still need to be followed by the United Stock Exchange and when will it be officially launched?"