The Wealth Empire Crossing the Hong Kong

Chapter 276 Hong Kong Stock Exchange
Li Jianhui naturally understands the ups and downs outside, but this time he handed over the full power to the CEO Huang Guangxing to see if he can solve this problem with the top executives of several major companies.

On the second day after Li Jianhui accompanied Zhou Jiayi in the hospital, the presidents of the four major companies, Wheelock Holdings, E-Shop Group, Lane Crawford, and E-Shop Electric held a joint press conference at Wheelock Building, which was broadcast live by JiaTV.

Watching the TV, Zhou Jiayi said to Li Jianhui who was on the side: "It seems that we need to think more about coordinating the cooperation between major companies in the future. Although the explanation is past this time, it still caused a great impact on our Xinjian Department. Negative impact."

There is still a big difference between being listed and not being listed. If neither is listed, then you can play whatever you want.

After going public, it is necessary to follow the rules. The major companies under the company can cooperate, but it is absolutely impossible to sacrifice the interests of one party and let the other party make a lot of money.

The reason for the uproar this time is that Lane Crawford and its parent company, E-buy Group, have traced the root control right to Li Jianhui, and Jingyi Electric is a wholly-owned subsidiary of Li Jianhui.

Now Lane Crawford and Tesco are sparing no effort in promoting Jingyi Electric, which has seriously affected the cooperation between the two companies and other home appliance companies, and damaged the development prospects and interests of the two companies.

Whether it is the stockholders who bought the shares of Wheelock Holdings, the parent company of Tesco Group, or the stockholders who bought the shares of Lane Crawford, they all think that Li Jianhui is harming their interests and fattening his own pockets.

"We really need to pay attention to this matter, but now the main thing is to find out who is behind the scenes."

It is actually not difficult to calm the public opinion this time. It is enough for Jingyi Electric to give some rebates to Lane Crawford and Tesco Electric. The more the two companies sell, the more profits they will get.

As for whether a contract was signed before, this aspect is completely irrelevant to several major companies. Once the contract is typed and signed, and then stamped, no one can deny the authenticity of the contract.

If you really think about it, Li Jianhui used to harm the interests of other shareholders many times before, but there was no such public opinion incident before, so he didn't pay much attention to it.

This time I also reminded him that these companies that have already been listed are no longer his own company, and he cannot do whatever he wants, and must consider the interests of the major companies. In the future, even if all parties cooperate, they must follow Follow the rules.

As for who is targeting him this time, there are many opponents in the Xinjian Department, and he can't be sure, but there must be a lot of suspicion on the United Consortium. The first reports were from TVB and ATV.

Originally thought that the target was his establishment of a department, unexpectedly, it was reported that afternoon that in order to protect the interests of the majority of shareholders, the Legislative Council will conduct research on securities transactions related bills in the near future.

At the same time, considering that many exchanges are not conducive to the trading and management of Xiangjiang Securities, the Xiangjiang government intends to merge the four exchanges and establish the Xiangjiang United Exchange.

Obviously, this time, the Jingyi Electric appliance incident was used as an excuse, because the occurrence of this incident has aroused dissatisfaction among the majority of shareholders, and the establishment of relevant laws can gain the support of the majority of people.

As for the establishment of a joint stock exchange, the government had considered this matter a few years ago, but there was a lot of resistance, and it has not entered the implementation stage. This time, the old matter is brought up again, and it is still unclear whether it can be merged.

The biggest contradiction at present is the equity issue after the establishment of the joint exchange. At present, the four major exchanges are all privately controlled, such as the Far East Exchange, which is mainly controlled by the East Asia Li family, and Xinjian Group also owns 20% of the shares.

Judging from the current four exchanges, the most valuable one is naturally the Xiangjiang Exchange. Once the four exchanges are merged, the controlling shareholders behind the Far East and Kowloon exchanges will lose control, which they are not willing to accept.

Especially Li Fuzhao, the development of the Far East Exchange has been booming in the past two years. Although it is not as good as the Xiangjiang Exchange, it is far behind Gold, Silver and Kowloon.

He is full of confidence that the Far East Exchange will surpass the Xiangjiang Exchange in the future, and he is ready to make the Far East Exchange another pillar industry after the East Asia Li Family, Bank of East Asia, and Chinese Land.

Now that the Bryan government wants to merge the four, he is naturally not reconciled, and even expressed his attitude through the media.

He also stated that the merger of the four exchanges is not conducive to the development of Heungkong Financial. The reason why Heungkong Financial is becoming more and more prosperous is mainly because the four major exchanges have different service targets and different listing thresholds, forming differentiation.

If the four major exchanges merge, it will inevitably lead to some companies that have potential but temporarily fail to meet the listing standards of the joint exchange to be unable to go public for financing, which will prevent these companies from growing.

I even took New York as an example. There are currently many exchanges there, the famous ones are the New York Stock Exchange, Nasdaq, and the American Exchange. Several differentiated developments have made New York the largest financial center.

Charter King, the largest shareholder of the Kowloon Exchange, also does not want the three exchanges to merge. He is trying to communicate with the mainland. When the time is right, he will guide some companies there to list here, and he wants to build the Kowloon Exchange into a mainland stock exchange. Companies are listed on major exchanges.

Around whether the four exchanges will merge, the upper echelons of Xiangjiang are engaged in fierce confrontation. British capital hopes that the four exchanges will be merged and the Xiangjiang Exchange will be firmly in their hands.

The Chinese-funded family managed to get rid of the restrictions imposed on them by the British-funded consortium, and obviously did not want to go back to decades ago and suppressed the listing of Chinese-funded enterprises.

On the second day after Zhou Jiayi was discharged from the hospital, a piece of shocking news came that the Xiangjiang Exchange merged with the Gold and Silver Exchange and the Xiangjiang Futures Exchange to form the Xiangjiang United Exchange.

At the same time, the Hong Kong Monetary Authority sent an invitation letter to Li Jianhui, asking him to attend the general meeting of shareholders of Hong Kong Stock Exchange, Far East Exchange, and Kowloon Exchange at 16:[-] p.m. on the [-]th. The main topic was to communicate and negotiate the merger of the three exchanges. .

After the merger, the Xiangjiang United Exchange is the only one, and even the Far East and Kowloon United cannot compare with the United Exchange. If there are three mergers, no matter whether it is Li Fuzhao or Charter King, there is not much talk in the new exchange. right.

Although it was merged into an exchange in the previous life, his arrival brought about many changes. The Far East Exchange already has the strength to compete with the Xiangjiang Exchange before the merger.

Even if it is a joint exchange that has been merged, the Far East Exchange is not afraid. Recently, Li Fuzhao has reached a relevant cooperation agreement with the Taipei Exchange. Listed companies on the Taipei Exchange can go to Xiangjiang for secondary listing.

It won't be long before a group of powerful Treasure Island companies will land on the Far East Exchange to strengthen the strength of the Far East Exchange.

Li Jianhui also didn't want the Far East Exchange to be merged into the Xiangjiang Exchange. He didn't think there was a big problem with the current development.

As for the fact that dispersion leads to a smaller market, which is likely to cause stock market turmoil, Li Jianhui is not too worried about this. He believes that the major financial groups of Donghuahui are enough to maintain the stability of the Far East Exchange.

(End of this chapter)