I Want To Be a Rich Man on Hong Kong Island

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

Wu Guangyao gave Li Fuzhao and others a total of 100,000 Hong Kong dollars in initial capital, and the follow-up funds were 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, the transfer fee for a license was as much as hundreds of thousands of Hong Kong dollars.

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

Although Wu Guangyao didn't care about the specific affairs of the exchange, he also let his financial advisor Morse and legal advisor Hollande lead a team to assist Li Fuzhao and others, or to supervise them;

To avoid getting involved in lawsuits during Wu Guangyao's tenure as chairman.

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

At the beginning, these people were worried that Wu Guangyao was a layman and would mess up such things!

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

In addition, 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 from Europe and the United States, and six from local Chinese. Since you have strict requirements, Mr. Wu, when it opens, there will be only 12 seats. We will gradually introduce more members in the future." Li Fuzhao said.

Seeing Li Fuzhao's dark circles, Wu Guangyao immediately thought of why?

First, Wu Guangyao said at the beginning that he would bear the external pressure by himself, but this time he went to Europe for 20 days, which made Li Fuzhao miserable!

Second, there is a lot of work at the beginning, which may be caused by fatigue!

"The exchange is advancing slowly, and there must be no such thing as being caught by someone! I think you have been working hard recently, so you can adjust it properly and take your time!"

"It's okay! The work is almost done. It is estimated that it will be open to shareholders by the end of July! Wu Xi, when is your company going to go public?" Li Fuzhao didn't feel tired at all, only excited! At the thought of something that could break the British domination of the Stock Exchange,

Li Fuzhao thought that he couldn't get tired.

Wu Guangyao thought for a while, and said: "In the first two months, we traded stocks that have already been listed. In the third month, my Cheung Kong Enterprises is preparing to go public! There is another company that wants to go public on our stock exchange." Garment factory; its strength is quite good, I will introduce it to you later! As for other companies, you must strictly control them! Smaller companies are fine, but they must be stable companies. We cannot be caught by the 'Hong Kong Island Club'! "

The garment factory mentioned by Wu Guangyao is Hualian Garment Factory owned by Lin Shengcai, vice president 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 in these years to run the garment factory to a considerable 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 established amid doubts, so I will seriously supervise the listed companies for the shareholders." Li Fuzhao said seriously.

 …

One day at the end of June, Chow Tai Fook Jewelry suddenly caught the attention of its peers—all of Chow Tai Fook’s stores displayed its own processed diamond jewelry;

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

Hong Kong Island Naga World was in an uproar!

Could it be that the god of luck began to favor Zheng Yutong, allowing him to get so many De Beers licenses?

You know, owning a diamond license can elevate a gold shop to a higher level, and even double the profit!

In fact, what these people don't know is that the so-called luck is essentially equal opportunities, and it depends on who has a unique vision and a flexible mind.

Laofengxiang Jewelry has obtained the license for so many years, and these colleagues have the opportunity to set up a second gold shop with a license;

Why is Chow Tai Fook Jewelry the only one that can find out how to obtain a diamond license.

First of all, you must have strength and courage. The sales volume of gold and silver jewelry of Chow Tai Fook Jewelry has always been second only to that of Lao Fengxiang Jewelry, so it is not difficult to get a loan; Colleagues dare to be so proud!

Secondly, you have a flexible mind (brain) and a unique vision; diamonds are produced in South Africa, Zheng Yutong personally went to South Africa to inquire about the license, and learned that the diamond license of Laofengxiang Jewelry was purchased from a local diamond processing factory in South Africa; Zheng Yutong immediately found A consulting firm that helps you keep an eye on your diamond license.

Finally, luck, the so-called luck is luck! Zheng Yutong bought a diamond license in more than two years after registering with a consulting company. This luck is comparable to that of Wu Guangyao; it may not be two or three years until the owner of a diamond processing factory is willing to sell it.

The timing of Zheng's obtaining the license can be described as very good!

First, Laofengxiang jewelry has opened up the entire Asian market, and Asians have begun to have a strong demand for diamond jewelry;

Second, the tourism rate on Hong Kong Island has exploded, with more than 150,000 tourists visiting Hong Kong every year. 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 from Lower than the European and American market prices;

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

The profit of Laofengxiang jewelry last year (1959) was as high as 18 million Hong Kong dollars, of which diamond jewelry contributed 12 million Hong Kong dollars in profits;

Among them, the profit of diamonds has doubled compared with the profit in 1955;

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

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

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

At this time, in the conference room of Chow Tai Fook Jewelry

Zheng Yutong said to the management: "It's not that Lao Fengxiang has no countermeasures, but a few years ago, he began to target us for obtaining a diamond license!"

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;

I can't help but sigh, Lao Fengxiang has a lot of talents in jewelry, and Chow Tai Fook is not as good in this aspect!

Zheng Yutong even believes that the so-called Lao Fengxiang's abundance of talents is nothing more than Wu Guangyao's well-educated training of a group of loyal and capable executives.

Take Li Xia, their marketing manager, as an example. A female streamer has been an executive since the 1940s; businessmen in Hong Kong Island have heard of her marketing ability now!

I heard that when Princess Margot visited Hong Kong Island, this female executive was very eloquent and behaved neither humble nor overbearing, which won the praise of Princess Margot!

"Have you ever seen the huge advertisement of Laofengxiang Jewelry standing upright at Kai Tak Airport and ocean shipping service seaport?"

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

The management still looked blank, or they were afraid of being made fun of if they guessed wrong, so they kept silent.

"Lao Fengxiang Jewelry has purchased advertising rights for ten years in these two places that tourists in Hong Kong must pass through; and agreed with the Hong Kong government that no similar product advertisements will be stationed. It is conceivable that Lao Fengxiang Jewelry had already expected that Hong Kong There will be a new diamond license on the island. And these two places are the places where tourists must pass through, and it can be said that this trick will allow Laofengxiang Jewelry to stabilize the business of new diamond dealers like us in the tourist business. " Zheng Yutong said in admiration.

"Boss, we can buy advertising space on the roads that tourists must pass! Besides, Dongying has a huge diamond jewelry market. We can be a re-exporter and resell the inlaid diamond jewelry to Dongying jewelers. I believe that our There is no need to worry about the diamond business!"

"Well, you're on the right track! We really don't need to worry about our business, but we don't need to worry about any business about women!" Zheng Yutong said confidently.

Zheng's focus on gold, silver and jewelry is far superior to Wu Guangyao's; no matter how prosperous the real estate industry outside is, Zheng's at this time is still cautious and does not make unnecessary loans in the real estate industry.

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