Chapter 408
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Among the four stock exchanges in Xiangjiang, the Far East stock exchange is the one that can best experience the roller coaster feeling of the frenzy of the Xiangjiang stock market in the early 1970s.
At the best time of operation, the trading volume of the other three stock exchanges is far less than that of the Far East Exchange; But after the collapse of Xiangjiang stock market, the operation of the Far East Exchange was so bleak that it was left out in the cold!
There is a data that can well explain this gap, that is, the Far East index, a work achievement left by Gao Xian when he worked at the Far East Exchange, once reached the highest in 1972, exceeding 8700 points; In 1974, when the Xiangjiang stock market fell hopelessly, the Far East index was only 720 points.
Xiangjiang stock exchange has always been a platform favored by local British and European investors in Xiangjiang, with stable operation; The gold and silver stock exchange benefited from the hot gold market and remarkable operation after the Hong Kong government abolished the gold control; The Kowloon Stock Exchange is a make-up. If you have to compare with it, it will really be worthless.
The Far East Exchange has made great achievements with Chinese capital. When the luck is gone, it can only struggle hard.
It is not difficult to imagine how bitter Li Fuzhao, the chairman of the Far East Exchange, was as the founder of the Far East Exchange.
Although the status in the Jianghu is about qualifications, it is inseparable from the support of strength.
Now the bitter days have finally come to an end. The improvement of 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 deepest impact. The global stock market plummeted. On the Xiangjiang side, the Hang Seng index was less than 200 points. Among the more than 300 listed companies, only more than 70 stocks had trading volume, and there were less than 156 stocks with more trading activities.
In this case, what about confidence?
After the lunar new year this year, happy group acquired Qingzhou yingni, and then Xiangjiang stock market set off an upsurge. Speculation increased significantly, which attracted extensive media coverage, and was regarded as a credible sign of the improvement of the stock market.
From the perspective of Gao Xian's information asymmetry advantage, it is that the new bull market of Xiangjiang stock market has started.
Li Fuzhao is an old expert. Naturally, he has a sharper perception of changes in the stock market than ordinary investors.
However, it may be the reason for long-term depression. As soon as Li Fuzhao was happy, he drank a little high and began to choose his words.
To this end, Gao Xian personally arranged Li Fuzhao, who was a little drunk, to a separate private room for a short rest.
Realizing that he was a little rash, Li Fuzhao laughed a few times and chatted casually: "your original subordinate Zhan Peizhong was very active in speculation in the process of happy group's acquisition of Qingzhou yingni. He should have made a lot of money. He went to Kangle building to rent a decent office at once."
Gao Xian said dismissively, "now the stock market needs speculation to increase its vitality."
"It seems that your focus is to operate the company value of Qingzhou yingni." Li Fuzhao nodded. "You alone have acquired milk company, Shengli beer, Yonggao company and Qingzhou yingni through the stock market. It seems that the weight of enterprise merger will increase in the future trend."
"But the cost will also be higher and higher." Gao Xianyi pointed out: "in recent years, the government has issued regulatory laws for the securities industry, such as the Securities Ordinance, the guaranteed investors Ordinance, the criteria for mergers and acquisitions, and the deposit taking Companies Ordinance In addition, the Securities Regulatory Commission, the general association of securities registration companies and the compensation fund of the stock exchange have been established. Everyone should abide by more and more rules. "
In fact, the reason why Gao Xian said these words is mainly to remind Li Fuzhao that the environment of Xiangjiang securities industry is changing towards a more and more formal direction, and then his working methods should stand the test, so as not to be caught in the "pigtail" like in the "old script" and end up in a bleak evening.
I don't know if Li Fuzhao tasted the meaning of Gao Xian's words. He just agreed, um, twice, then got up and said, "I'd better go home and have a rest. Let's talk about it another day."
……
After finishing a lot of things about the opening of Xiangjiang futures exchange, Gao Xian took the time to convene members of the board of directors of Xiangjiang Trade Development Bureau to discuss the achievements of foreign trade development submitted by him back to Xiangjiang this time.
From the perspective of mechanism, the Hong Kong Trade Development Council, which has been established for ten years, has been very perfect. 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. Below it, there is a standing body responsible for daily operation. Gao Xian, the chairman, will not be entangled in trifles.
A big problem faced by Xiangjiang's foreign trade is that it is vulnerable to the policy level of import areas. In the past, there was a Commonwealth wide "imperial preferential system", but now it is a broader "general agreement on Tariffs and trade".
But take the United States for example. Although the United States announced last year that it would include Xiangjiang in the preferential tariff beneficiary areas, it is normal to adjust the import threshold at any time for its own interests.
On a larger scale, Xiangjiang's foreign trade is very afraid of protectionism. For example, the export of textile industry is facing increasing pressure.
As the chairman of Xiangjiang Trade Development Bureau, Gao Xian's response at this stage is to look at the world, and the theme of this conference is to try to develop the Latin American market and take the exhibition as a new way of promotion.
Although Gao Xian is young, he can convince the public when doing things, which stems from his sincerity, insight and courage.
For example, on the issue of exhibition, Gao Xian not only talks, but also takes practical action. He did not spend uncontrollable time bargaining with the Hong Kong government for land, but directly started the construction of the Xiangjiang Convention and Exhibition Center on his own plot of Causeway Bay.
"Gaoyi Research Institute has just made a report..." Gao Xian instructed the staff to distribute the document. "According to the current trend of further restrictions on Xiangjiang textile imports in the common market, it is estimated that Xiangjiang will lose HK $1 billion a year and cause 10000 workers to lose their jobs."
……
After the meeting of Xiangjiang Trade Development Bureau, Gao Xian returned to Xinhua people's Bank and saw Zhan Peizhong who had been waiting for a long time at the reception.
Although Zhan Peizhong is a small man, he is walking on the line expected by Gao Xian, so Gao Xian secretly told his subordinates to arrange as much as possible if the other party comes.
"Peizhong, look at your look. You've been really happy recently." Gao Xian joked with a smile.
"Thanks for Sir Gao's care." Zhan Peizhong quickly and respectfully owes him, "I'm here to ask Sir Gao for a favor."
……
PS: bow and thank you for your reward from time Ruxi, chhtm1977 and book friends 20181123003917385!!!
Please report us if you find any errors so we can fix it asap!
Among the four stock exchanges in Xiangjiang, the Far East stock exchange is the one that can best experience the roller coaster feeling of the frenzy of the Xiangjiang stock market in the early 1970s.
At the best time of operation, the trading volume of the other three stock exchanges is far less than that of the Far East Exchange; But after the collapse of Xiangjiang stock market, the operation of the Far East Exchange was so bleak that it was left out in the cold!
There is a data that can well explain this gap, that is, the Far East index, a work achievement left by Gao Xian when he worked at the Far East Exchange, once reached the highest in 1972, exceeding 8700 points; In 1974, when the Xiangjiang stock market fell hopelessly, the Far East index was only 720 points.
Xiangjiang stock exchange has always been a platform favored by local British and European investors in Xiangjiang, with stable operation; The gold and silver stock exchange benefited from the hot gold market and remarkable operation after the Hong Kong government abolished the gold control; The Kowloon Stock Exchange is a make-up. If you have to compare with it, it will really be worthless.
The Far East Exchange has made great achievements with Chinese capital. When the luck is gone, it can only struggle hard.
It is not difficult to imagine how bitter Li Fuzhao, the chairman of the Far East Exchange, was as the founder of the Far East Exchange.
Although the status in the Jianghu is about qualifications, it is inseparable from the support of strength.
Now the bitter days have finally come to an end. The improvement of 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 deepest impact. The global stock market plummeted. On the Xiangjiang side, the Hang Seng index was less than 200 points. Among the more than 300 listed companies, only more than 70 stocks had trading volume, and there were less than 156 stocks with more trading activities.
In this case, what about confidence?
After the lunar new year this year, happy group acquired Qingzhou yingni, and then Xiangjiang stock market set off an upsurge. Speculation increased significantly, which attracted extensive media coverage, and was regarded as a credible sign of the improvement of the stock market.
From the perspective of Gao Xian's information asymmetry advantage, it is that the new bull market of Xiangjiang stock market has started.
Li Fuzhao is an old expert. Naturally, he has a sharper perception of changes in the stock market than ordinary investors.
However, it may be the reason for long-term depression. As soon as Li Fuzhao was happy, he drank a little high and began to choose his words.
To this end, Gao Xian personally arranged Li Fuzhao, who was a little drunk, to a separate private room for a short rest.
Realizing that he was a little rash, Li Fuzhao laughed a few times and chatted casually: "your original subordinate Zhan Peizhong was very active in speculation in the process of happy group's acquisition of Qingzhou yingni. He should have made a lot of money. He went to Kangle building to rent a decent office at once."
Gao Xian said dismissively, "now the stock market needs speculation to increase its vitality."
"It seems that your focus is to operate the company value of Qingzhou yingni." Li Fuzhao nodded. "You alone have acquired milk company, Shengli beer, Yonggao company and Qingzhou yingni through the stock market. It seems that the weight of enterprise merger will increase in the future trend."
"But the cost will also be higher and higher." Gao Xianyi pointed out: "in recent years, the government has issued regulatory laws for the securities industry, such as the Securities Ordinance, the guaranteed investors Ordinance, the criteria for mergers and acquisitions, and the deposit taking Companies Ordinance In addition, the Securities Regulatory Commission, the general association of securities registration companies and the compensation fund of the stock exchange have been established. Everyone should abide by more and more rules. "
In fact, the reason why Gao Xian said these words is mainly to remind Li Fuzhao that the environment of Xiangjiang securities industry is changing towards a more and more formal direction, and then his working methods should stand the test, so as not to be caught in the "pigtail" like in the "old script" and end up in a bleak evening.
I don't know if Li Fuzhao tasted the meaning of Gao Xian's words. He just agreed, um, twice, then got up and said, "I'd better go home and have a rest. Let's talk about it another day."
……
After finishing a lot of things about the opening of Xiangjiang futures exchange, Gao Xian took the time to convene members of the board of directors of Xiangjiang Trade Development Bureau to discuss the achievements of foreign trade development submitted by him back to Xiangjiang this time.
From the perspective of mechanism, the Hong Kong Trade Development Council, which has been established for ten years, has been very perfect. 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. Below it, there is a standing body responsible for daily operation. Gao Xian, the chairman, will not be entangled in trifles.
A big problem faced by Xiangjiang's foreign trade is that it is vulnerable to the policy level of import areas. In the past, there was a Commonwealth wide "imperial preferential system", but now it is a broader "general agreement on Tariffs and trade".
But take the United States for example. Although the United States announced last year that it would include Xiangjiang in the preferential tariff beneficiary areas, it is normal to adjust the import threshold at any time for its own interests.
On a larger scale, Xiangjiang's foreign trade is very afraid of protectionism. For example, the export of textile industry is facing increasing pressure.
As the chairman of Xiangjiang Trade Development Bureau, Gao Xian's response at this stage is to look at the world, and the theme of this conference is to try to develop the Latin American market and take the exhibition as a new way of promotion.
Although Gao Xian is young, he can convince the public when doing things, which stems from his sincerity, insight and courage.
For example, on the issue of exhibition, Gao Xian not only talks, but also takes practical action. He did not spend uncontrollable time bargaining with the Hong Kong government for land, but directly started the construction of the Xiangjiang Convention and Exhibition Center on his own plot of Causeway Bay.
"Gaoyi Research Institute has just made a report..." Gao Xian instructed the staff to distribute the document. "According to the current trend of further restrictions on Xiangjiang textile imports in the common market, it is estimated that Xiangjiang will lose HK $1 billion a year and cause 10000 workers to lose their jobs."
……
After the meeting of Xiangjiang Trade Development Bureau, Gao Xian returned to Xinhua people's Bank and saw Zhan Peizhong who had been waiting for a long time at the reception.
Although Zhan Peizhong is a small man, he is walking on the line expected by Gao Xian, so Gao Xian secretly told his subordinates to arrange as much as possible if the other party comes.
"Peizhong, look at your look. You've been really happy recently." Gao Xian joked with a smile.
"Thanks for Sir Gao's care." Zhan Peizhong quickly and respectfully owes him, "I'm here to ask Sir Gao for a favor."
……
PS: bow and thank you for your reward from time Ruxi, chhtm1977 and book friends 20181123003917385!!!
Among the four stock exchanges in Xiangjiang, the Far East stock exchange is the one that can best experience the roller coaster feeling of the frenzy of the Xiangjiang stock market in the early 1970s.At the best time of operation, the trading volume of the other three stock exchanges is far less than that of the Far East Exchange; But after the collapse of Xiangjiang stock market, the operation of the Far East Exchange was so bleak that it was left out in the cold!There is a data that can well explain this gap, that is, the Far East index, a work achievement left by Gao Xian when he worked at the Far East Exchange, once reached the highest in 1972, exceeding 8700 points; In 1974, when the Xiangjiang stock market fell hopelessly, the Far East index was only 720 points.Xiangjiang stock exchange has always been a platform favored by local British and European investors in Xiangjiang, with stable operation; The gold and silver stock exchange benefited from the hot gold market and remarkable operation after the Hong Kong government abolished the gold control; The Kowloon Stock Exchange is a make-up. If you have to compare with it, it will really be worthless.The Far East Exchange has made great achievements with Chinese capital. When the luck is gone, it can only struggle hard.It is not difficult to imagine how bitter Li Fuzhao, the chairman of the Far East Exchange, was as the founder of the Far East Exchange.Although the status in the Jianghu is about qualifications, it is inseparable from the support of strength.Now the bitter days have finally come to an end. The improvement of 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 deepest impact. The global stock market plummeted. On the Xiangjiang side, the Hang Seng index was less than 200 points. Among the more than 300 listed companies, only more than 70 stocks had trading volume, and there were less than 156 stocks with more trading activities.In this case, what about confidence?After the lunar new year this year, happy group acquired Qingzhou yingni, and then Xiangjiang stock market set off an upsurge. Speculation increased significantly, which attracted extensive media coverage, and was regarded as a credible sign of the improvement of the stock market.From the perspective of Gao Xian's information asymmetry advantage, it is that the new bull market of Xiangjiang stock market has started.Li Fuzhao is an old expert. Naturally, he has a sharper perception of changes in the stock market than ordinary investors.However, it may be the reason for long-term depression. As soon as Li Fuzhao was happy, he drank a little high and began to choose his words.To this end, Gao Xian personally arranged Li Fuzhao, who was a little drunk, to a separate private room for a short rest.Realizing that he was a little rash, Li Fuzhao laughed a few times and chatted casually: "your original subordinate Zhan Peizhong was very active in speculation in the process of happy group's acquisition of Qingzhou yingni. He should have made a lot of money. He went to Kangle building to rent a decent office at once."Gao Xian said dismissively, "now the stock market needs speculation to increase its vitality.""It seems that your focus is to operate the company value of Qingzhou yingni." Li Fuzhao nodded. "You alone have acquired milk company, Shengli beer, Yonggao company and Qingzhou yingni through the stock market. It seems that the weight of enterprise merger will increase in the future trend.""But the cost will also be higher and higher." Gao Xianyi pointed out: "in recent years, the government has issued regulatory laws for the securities industry, such as the Securities Ordinance, the guaranteed investors Ordinance, the criteria for mergers and acquisitions, and the deposit taking Companies Ordinance In addition, the Securities Regulatory Commission, the general association of securities registration companies and the compensation fund of the stock exchange have been established. Everyone should abide by more and more rules. "In fact, the reason why Gao Xian said these words is mainly to remind Li Fuzhao that the environment of Xiangjiang securities industry is changing towards a more and more formal direction, and then his working methods should stand the test, so as not to be caught in the "pigtail" like in the "old script" and end up in a bleak evening.I don't know if Li Fuzhao tasted the meaning of Gao Xian's words. He just agreed, um, twice, then got up and said, "I'd better go home and have a rest. Let's talk about it another day."After finishing a lot of things about the opening of Xiangjiang futures exchange, Gao Xian took the time to convene members of the board of directors of Xiangjiang Trade Development Bureau to discuss the achievements of foreign trade development submitted by him back to Xiangjiang this time.From the perspective of mechanism, the Hong Kong Trade Development Council, which has been established for ten years, has been very perfect. 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. Below it, there is a standing body responsible for daily operation. Gao Xian, the chairman, will not be entangled in trifles.A big problem faced by Xiangjiang's foreign trade is that it is vulnerable to the policy level of import areas. In the past, there was a Commonwealth wide "imperial preferential system", but now it is a broader "general agreement on Tariffs and trade".But take the United States for example. Although the United States announced last year that it would include Xiangjiang in the preferential tariff beneficiary areas, it is normal to adjust the import threshold at any time for its own interests.On a larger scale, Xiangjiang's foreign trade is very afraid of protectionism. For example, the export of textile industry is facing increasing pressure.As the chairman of Xiangjiang Trade Development Bureau, Gao Xian's response at this stage is to look at the world, and the theme of this conference is to try to develop the Latin American market and take the exhibition as a new way of promotion.Although Gao Xian is young, he can convince the public when doing things, which stems from his sincerity, insight and courage.For example, on the issue of exhibition, Gao Xian not only talks, but also takes practical action. He did not spend uncontrollable time bargaining with the Hong Kong government for land, but directly started the construction of the Xiangjiang Convention and Exhibition Center on his own plot of Causeway Bay."Gaoyi Research Institute has just made a report..." Gao Xian instructed the staff to distribute the document. "According to the current trend of further restrictions on Xiangjiang textile imports in the common market, it is estimated that Xiangjiang will lose HK $1 billion a year and cause 10000 workers to lose their jobs."After the meeting of Xiangjiang Trade Development Bureau, Gao Xian returned to Xinhua people's Bank and saw Zhan Peizhong who had been waiting for a long time at the reception.Although Zhan Peizhong is a small man, he is walking on the line expected by Gao Xian, so Gao Xian secretly told his subordinates to arrange as much as possible if the other party comes."Peizhong, look at your look. You've been really happy recently." Gao Xian joked with a smile."Thanks for Sir Gao's care." Zhan Peizhong quickly and respectfully owes him, "I'm here to ask Sir Gao for a favor."PS: bow and thank you for your reward from time Ruxi, chhtm1977 and book friends 20181123003917385!!!
