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

Wu Guangyao gave Li Fuzhao and others a total of HK$100,000 in start-up funds, and the subsequent funds were mainly provided by members.

Although stock exchanges are non-profit institutions, they must always need funds to run companies, so these funds come from members. The so-called members are equivalent to securities companies in later generations.

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 high as hundreds of thousands of Hong Kong dollars.

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

Although Wu Guangyao did not care about the specific affairs of the exchange, he also asked his financial adviser Morse and legal adviser Hollande to lead a team to assist Li Fuzhao and others, and it can also be said to supervise these people;

In order to avoid being sued during Wu Guangyao's tenure as chairman.

When Wu Guangyao announced that Lee Fuzhao and others would work as executives on the Kowloon Stock Exchange, many people in Hong Kong finally changed some of their views!

At the beginning, these people were worried that Wu Guangyao was an amateur and messed up such a thing!

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

In addition, the establishment of the Kowloon Stock Exchange has become a foregone conclusion, so everyone did not object as fiercely as they were at the beginning!

"There are currently 12 seats, six in Europe and the United States, and six in local Chinese. Given that you have strict requirements on Chairman Wu, there are probably only these 12 seats when opening the business. We will gradually introduce more members in the future." Li Fuzhao said.

Wu Guangyao saw that Li Fuzhao's eyes were black and he immediately thought of why?

First, Wu Guangyao said that he would take the external pressure by himself, but he only went to Europe for 20 days, which made Li Fuzhao miserable!

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

"The exchange is moving slowly, and you must not get caught in the braid! I think you have worked very hard recently, so you can adjust it appropriately and take your time!"

"Fortunately! I've done almost the job, and I guess it will be open to investors by the end of July! Wu Xi, when will your company go public?" Li Fuzhao didn't feel tired at this time, he was only excited! When he thought about breaking the British dominance of the stock exchange, Li Fuzhao thought he was too tired.

Wu Guangyao thought for a while and said, "In the first two months, we traded stocks that were listed. In the third month, my Changjiang Industrial is ready to go public! The company that wants to be listed on our stock exchange has a ready-to-wear factory; it has a very good strength, so I will introduce it to you later! As for other companies, you must strictly check! It is okay to have a smaller company, but it must be a stable company. We cannot be caught by the "Hong Kong Island Association"!"

The garment factory mentioned by Wu Guangyao is the Hualian garment factory of Lin Shengcai, vice president of the Hong Kong Island Clothing 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 recent years to operate the garment factory with a large scale.

Wu Guangyao is the president of the Hong Kong Clothing Chamber of Commerce. Over the years, he has been contributing to the Hong Kong garment industry abroad, so Wu Guangyao has a very high prestige in the Hong Kong garment industry.

"Well, I know! We are a stock exchange established in doubt, so I will definitely supervise listed companies for the investors." Li Fuzhao said seriously.

...........

One day at the end of June, Chow Tai Fook jewelry suddenly attracted his peers' attention - all Chow Tai Fook stores have put out their own diamond jewelry;

The boss Cheng Yutong claimed that Chow Tai Fook Jewelry already owns a diamond license plate, and not only one, but six.

The Hong Kong Golden World is in an uproar!

Did the God of Luck begin to favor Cheng Yutong, allowing him to get so many De Bill licenses?

You know, having a diamond license can sublimate a gold shop to a higher level and may even double its profits!

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 heart.

After so many years since Lao Fengxiang Jewelry has obtained the license, these peers have had the opportunity to be the second gold shop with a license;

Why can Chow Tai Fook Jewelry discover ways to obtain diamond license plates?

First of all, you must have strength and courage. The sales of gold and silver jewelry of Chow Tai Fook Jewelry has always been second only to Lao Fengxiang Jewelry, so it is not difficult to get a loan; in addition, Cheng Yutong has been pursuing her dedication to borrowing 8 million Hong Kong dollars from the bank, and few colleagues dare to be so generous!

Secondly, you have a flexible mind (brain) and a unique vision; diamonds are produced in South Africa, and Zheng Yutong personally rushed to South Africa to find out the information about the license plate and learned that Lao Fengxiang Jewelry's diamond license was acquired by a local diamond processing factory in South Africa. Zheng Yutong immediately found a consulting company to help him pay attention to the diamond license plate.

Finally, luck, the so-called luck is luck! Zheng Yutong bought a diamond license in more than two years since he registered in a consulting company. This luck is comparable to that of Wu Guangyao. If someone changes his person, he may not be able to wait two or three years until the boss of a diamond processing factory is willing to sell it.

The timing of Zheng’s license is very good!

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

Second, the tourism rate of Hong Kong Island began to explode, with the number of tourists coming to Hong Kong every year reaching more than 150,000. These people have a strong purchasing power for diamonds; the reason is that Hong Kong Island is a place with extremely low personal tax rates, and the price of diamond jewelry is far lower than the European and American market prices;

Third, the Hong Kong government has included diamond re-export trade in commodity calculations, because Lao Fengxiang Jewelry puts the processed diamond jewelry into exquisite packaging boxes and exports it to foreign countries for sale at a higher price.

Lao Fengxiang Jewelry's profit last year (1959) was as high as HK$18 million, of which diamond jewelry contributed HK$12 million;

Among them, diamonds' profits doubled compared with those in 1955;

It can be seen that diamond jewelry has gradually begun to flourish in the Asian market.

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

Guest, we have long expected that there are more and more diamond chambers in Hong Kong, and Chow Tai Fook Jewelry is just the second one.

At this time, Chow Tai Fook Jewelry's conference room

Zheng Yutong said to the management: "It's not that Lao Fengxiang has no solution, but that he started to target our diamond license a few years ago!"

One management asked, "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 couldn't help but sigh that Lao Fengxiang is full of talents in jewelry, and Chow Tai Fook also sighs that he is inferior to this aspect!

Zheng Yutong even believed that the so-called Lao Fengxiang's wealth of talents was just Wu Guangyao's education was good and he cultivated a group of loyal and capable executives.

Take their marketing manager Li Xia as an example. A female rogue began to become an executive in the 1940s; now Hong Kong businessmen have heard of their marketing abilities!

I heard that when Princess Marg visited Hong Kong Island, this female executive was both eloquent and performed neither humble nor arrogantly, and won Princess Marg’s praise!

"Have you seen it? Kai Tak Airport and Ocean Shipping Service Harbour, and the huge advertisements of Lao Fengxiang jewelry are standing?"

The management nodded, and Cheng Yutong said: "I went to the relevant departments of the Hong Kong government to inquire whether we, Chow Tai Fook, can buy advertising spaces? What are the results?"

The management still looked confused, or was afraid that he would be teased if he guessed wrongly, so he remained silent.

"Lao Fengxiang Jewelry has purchased advertising rights for ten years in these two places that tourists travel to Hong Kong have to pass; and has agreed with the Hong Kong government department that there must be no advertisements for similar products. It can be imagined that Lao Fengxiang Jewelry had expected that a new diamond license would appear on Hong Kong Island. These two places are the places that tourists must pass and the first place to pass. It can be said that this trick can make Lao Fengxiang Jewelry stable and suppress us new diamond merchants in the tourist business." Cheng Yutong said in admiration.

"Boss, we can buy advertising spaces on the roads that tourists must pass! Besides, the market for diamond jewelry in Japan is very large. We can be a re-exporter and resell the inlaid diamond jewelry to the Japanese jeweler. I believe that we don't have to worry about our diamond business at all!"

"Well, you've got the idea! Our business really doesn't have to worry about, but it doesn't have to worry about women's business!" Zheng Yutong said confidently.

Zheng's focus on gold, silver and jewelry is far superior to Wu Guangyao; even if the real estate industry outside is prosperous, Zheng was cautious at this time and did not make extra loans in the real estate industry.
Chapter completed!