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Chapter 82 The battle begins

In Shen Chong's previous life, stock trading in Hong Kong was carried out on the Hong Kong Stock Exchange. In 19RU, there were a total of four stock exchanges in Hong Kong, each fighting and competing with each other.

In 1841, after the British forcibly landed in Hong Kong and opened a port, it positioned it as a free trade port that communicated between China and the West. The rise of trade was bound to be accompanied by financial activities. As early as the 1860s, Hong Kong had securities trading. In 1891, the Hong Kong Stock Brokers Association was established, and in 1914 it was renamed the Hong Kong Stock Exchange. In 1911, Hong Kong established a second stock exchange - the Hong Kong Securities Brokers Association. In 1947, the two exchanges merged into the Hong Kong Stock Exchange Co., Ltd., monopolizing all the stock issuance in Hong Kong.

The Hong Kong Stock Exchange is abbreviated as the "Hong Kong Association". Most of the members are British or people with British backgrounds. They have very strict reviews of listed companies, which can influence Hong Kong's investment and financing channels. Until 19U9, there were only 73 listed companies on the entire exchange. At that time, Hong Kong's annual import and export volume reached more than 10,000 million, and there were more than 1,000 companies, including very powerful Chinese companies, hovering at the entrance of the stock market and unable to enter the market.

On 17th, 2019, Li Fuzhao, a legendary figure in Hong Kong's financial history, led the establishment of the Far East Stock Exchange, referred to as the "Far East Meeting". After the opening of the Far East Meeting, the Far East Meeting adopted a flexible listing strategy, quickly surpassing the old Hong Kong Meeting and becoming the largest stock exchange in Hong Kong.

The success of the Far East Conference allowed more knowledgeable people to see the business opportunities. Therefore, in 1971 and 2019, the Gold and Silver Stock Exchanges and the Kowloon Stock Exchanges appeared one after another. After the establishment of these four stock exchanges, many people were preparing to continue to establish new stock exchanges, and their names became bigger and bigger, such as the Asian Stock Exchange, the World Stock Exchange, the International Stock Exchange, the United Stock Exchange, etc. However, these high-name exchanges were not lucky and were beaten to death by the Hong Kong government before they were established. Given that there were too many exchanges, the stock market was in chaos, the Hong Kong government urgently enacted legislation in 1973, and unless approved by the Finance Department or the Hong Kong Governor, anyone was prohibited from establishing a new stock exchange.

New exchanges can no longer be established, but old ones can still exist. The situation of "four associations coexist" continued until the Hong Kong Stock Exchange was officially established in 19RU, and it was concluded.

Hong Kong's economy was booming in the early 1970s, with bank deposit interest rates very low, but the people struggled to have no investment channels. After Li Fuzhao's Far East Meeting was established, in order to win over business, it changed the strict scrutiny system of the Hong Kong Association, claiming that as long as there is UU, even teahouses and restaurants can be listed. This is normal in later generations, but it was a strange story at the time, so it immediately attracted a large number of companies to go public, which just catered to the public's investment and speculation needs, thus creating a three-year bull market. In 2019, when the Hang Seng Index was founded, it was only 168 o'clock. By the spring of 1973, it had reached more than 17UU. It can be seen that the stock market was so hot that many companies, such as Cheung Kong Industry, Sun Hung Kai Properties, New World Development, Eagle Real Estate and other future giants, took advantage of this east wind to go public, raising a large amount of funds and quickly expanded to become giants.

As the leader of the four major stock exchanges in Hong Kong, the Far East Association is the main battlefield for acquiring Jardine Wong's stocks. However, on U-16, Chen Chong did not rush to the exchange located in the Chinese People's Building on Queen's Avenue in Central, but stayed at home until Li Kaiyuan called him before leaving home - Li Kaiyuan did not return overnight last night, leaving him alone and unable to sleep.

In later generations, stock trading was enough to have a computer. There was a large screen of scrolling information in the middle of the exchange, and the desks of traders were surrounded by traders. In 19RU, securities trading in Hong Kong was conducted through manpower and telephone. In the trading hall of the Far East Association, tables were neatly arranged, facing the trading whiteboard in front. The tables were very small and the ceiling was very low. The ceiling lights were on for twenty-four hours. Hundreds of traders were crowded in it, with noisy and noisy voices. Everyone was focused, either making a phone call loudly or staring at the transaction numbers on the whiteboard. People came and went, and they were rushing. There were hundreds of millions of transactions every minute, and no one had time to watch celebrities.

Chen Chong stayed inside for a few minutes before retreating. Seeing him like this, Li Kaiyuan followed him out and asked, "What's wrong?"

"I think the environment inside is not good, like a chicken farm."

"Isn't the exchanges all like this?" Li Kaiyuan looked at him and asked, "Are you nervous?"

"I was nervous last night, but now I'm not nervous at all." Chen Chong raised his chin and said, "We can't help here, so we'd better go to the lounge there to wait for news."

"Okay." Li Kaiyuan stretched out his hand, held his arm, and asked knowingly as he walked: "I was nervous last night?"

“It’s very nervous.”

"I'm nervous, or her?"

“Everyone is nervous.”

"It's really a sloppy." Li Kaiyuan pinched him lightly and said, "You are not nervous about the transaction of more than one billion today. What's so nervous about last night."

"You are more important than money." Walking into the lounge, Chen Chong closed the door with his feet, then turned around, hugged her waist face to face, and said, "You can make money again when you lose money. If you run away, where can I find it?"

"Sweet words, if you don't have money, who cares about you?" Li Kaiyuan was very tall and wearing high heels. She pressed her forehead against his forehead and said, "You are lucky. I have tried my best to talk. After talking all night, they just didn't run away."

Chen Chong gently exhaled a breath of helplessness or relief.

Neither of them spoke, stood like this, and after a while, Li Kaiyuan said, "I like this feeling very much."

"Um?"

"Others gamble, bets of several thousand yuan will be extremely nervous." Li Kaiyuan opened a little distance and said, "You want to bet more than one billion today, but now you are playing with me and whispering. I like your calm and leisurely look, which makes me feel at ease."

Chen Chong looked into her eyes and said, "I would rather buy you more than one billion to buy you without being hurt."

"I'm not that fragile." Li Kaiyuan smiled and said, "I don't believe that there are people in this world who love me more than you."
Chapter completed!
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