Zhang Zhonghua still wants to scold the Hong Kong Stock Exchange for its high fees.
Because the fee was so outrageous that he couldn't help but feel a stab of pain in his liver.
The first is the 3.5% commission, then the stock stamp duty of 1%, followed by the investor compensation levy of 0.02%, the China Securities Regulatory Commission transaction fee of 0.05%, the clearing company settlement fee of 0.02%, etc. The total is about 4.6% of Hong Kong stock transaction fees.
As long as investors and securities institutions trade stocks on the Hong Kong Island Stock Exchange, they must withdraw this money if they want to trade stocks. This is completely making money while lying down, which makes Zhang Zhonghua, the richest man in the summer, a little greedy.
This does not include Yuhuang Securities Company's own commission. If it is entrusted to purchase stocks, it will be a high commission. The cost of leverage is higher, and the interest rate is not much lower than that of a loan shark.
This is why there are four stock exchanges on Hong Kong Island. The margins are too high. Zhang Zhonghua even wants to open a stock exchange.
Running a stock exchange itself is a business that only makes money but never loses money. The stock exchange is equivalent to a company. In the future, when the Hong Kong Stock Exchange itself is listed, the market value will still be as high as 500 to 600 billion Hong Kong dollars.
Fifty years from now, the average daily transaction volume of the Hong Kong Stock Exchange will be HK$170 billion. Sometimes the transaction volume in a day exceeds HK$1 trillion. Who wouldn’t be tempted by this handling fee?
In the 1960s and 1970s, there were basically no technical barriers to running an exchange, and as long as you did it, you would definitely make a profit without losing money. You could also use the stock exchange to exchange favors and interests. It was not that easy for a company to go public. People would give it to you.
You must not owe any favors.
I want to set up an exchange, but Zhang Zhonghua will not go out of his way to grab this business, and the Hong Kong government will not allow a fifth or sixth exchange to appear.
Moreover, the Hong Kong Island Exchange will be merged sooner or later. The Hong Kong government holds 15% of the shares, and the four exchanges hold about 5% of the shares. The final support will not be left to HSBC, Standard Chartered Bank and Jade Emperor Bank.
Without a bank to back it up, the exchange is playing tricks, and the bank's market value is not comparable to that of ordinary companies, not to mention HSBC's status as the emperor.
Therefore, Zhang Zhonghua did not bother to set up his own exchange.
Zhang Zhonghua was not a professional stock investor in his previous life. He just followed his roommates and played with stocks and funds when they had nothing to do. However, based on the principle of doing the best if you want to do it, Zhang Zhonghua has a clear understanding of the trading rules and regulations of the stock market.
The stock development process has been specifically studied.
The difference between Hong Kong stocks and domestic stocks in the future is huge, almost a world of difference.
The stock market on Hong Kong Island also has a history of a hundred years. Hong Kong stocks are the same as U.S. stocks. Stock trading can be done as a t 0 reversal transaction, that is, you can buy on the same day and sell on the same day.
As long as you don't worry about the handling fees, you can buy and sell hundreds of times a day, and you can play whatever you want.
Of course, after you buy and sell stocks, if you want to cash out the money you sold back, you need to wait until the second working day after the trading day, which is t 2 for settlement, where t refers to the day of the transaction.
Before t 2, shareholders cannot withdraw cash, physical stocks, or transfer the purchased shares to custody.
Comparing Hong Kong stocks and US stocks, domestic stocks are different and use a special trading system.
In 1992, the Shanghai Stock Exchange also implemented t 0 trading rules. In 1993, the Shenzhen Stock Exchange also canceled the t 1 trading rules and implemented t 0 trading rules.
However, the stock markets in the two places were so crazy that stocks worth only 100 yuan were suddenly speculated to 100 yuan, and all were ruined.
Considering risk control factors, the t 0 trading rule had to be canceled in 1995 and changed back to the t 1 settlement system, and the transaction was also t 1, that is, if you buy on the same day, you can only sell on the next day, which is not the same as Hong Kong and US stocks.
The same system allows you to buy on the same day and sell on the same day.
Developed areas all adopt the mature stock market system t 0 trading, but the domestic stock market system is very immature. Relevant institutions only use t 0 trading rules for the sake of countless poor leeks, and national control is very strict.
Moreover, the biggest difference between Hong Kong stocks and domestic stocks is that there is no daily price limit system. It is trivial for a stock to rise several times a day when there is good news, and it is small when the Hang Seng Index is cut in half during a stock market disaster. Domestic stocks are just like leeks.
Consider, generally if the price rises by 10% on the same day, the daily limit will be reached.
The stock market is a place where leeks are cut and wool is harvested. There are risks in the stock market and investment needs to be cautious. This is not an empty talk, but a basic principle that is universally accepted around the world.
In any case, Zhang Zhonghua is still very satisfied with the general manager of Yuhuang Securities. It can be said that Yuhuang Securities has gained a lot in the past year.
Morning, New Territories.
The people arranged by Zhang Long have already gone to the Mei family.
At this time in the Mei family, Mei's mother, Qin Meijin, was angry.
She was so angry when she looked at Anita Mui in front of her. There were so many tourists at Liyuan Amusement Park yesterday, when the business was booming. Anita Mui had been learning songs for more than two months, but she still sang with a slight inflection. She often made mistakes when she was slightly frightened.
.
Thinking of this, she wanted to beat her little daughter again. This daughter was really disappointing. The eldest daughter, Mei Aifang, performed better, learned things quickly, and basically made no mistakes.
However, she did not want to think that her eldest daughter, Mei Aifang, was more than three years old than her younger daughter, Anita Mui. Of course, she would learn things faster. Little Anita Mui was only over five years old at the moment.
"If you make another mistake in today's performance, you won't be able to eat dinner when you get home."
Tan Meijin said angrily.
"Little sister, you must practice singing and dancing well. Girls, you must learn more talents, so that you can find a good family in the future."
Anita Mui's eldest brother, Mei Qiming, said with some seriousness.
"Yes, little sister, look at how outstanding Aifang is. It's not easy for Mommy to raise our four children by herself. You must practice well and don't make Mommy angry."
Mei Deming also advised Anita Mui.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! "Qiming, Deming, you two brothers must study hard at home. Mommy will come back in the evening and prepare delicious food for you."
Tan Meijin glared at Anita Mui and then said kindly to her two sons.
"Mommy, my sister is still young. It's time for her body to grow. How can she practice if she doesn't eat enough?"
Mei Aifang said dissatisfied.
"Can I be angry if she doesn't make a mistake? You two will get married sooner or later. Besides, if your brother grows up and becomes a doctor or lawyer, he will be able to help you. Hurry up and eat. You have to go to work today."
Tan Meijin said angrily.
Just when there was a knock on the door, Qin Meijin was annoyed for a while. Who was so unlucky to knock on the door so early in the morning? Although he opened the door angrily: "Go and open the door quickly. What are you knocking on? I'm in a hurry to get angry and hurry up."
Reincarnation?"
As soon as the door opened, they saw two middle-aged men in fancy clothes and smug clothes. After entering the room, they immediately closed the door, waving the bullets of their mobile phones, and walked towards Tan Meijin with a cigarette in their mouths.
"Two elders, what's the matter? I haven't offended you either. Two elders, we are just ordinary families, and I have four children to raise by myself and I don't have much money at home."
Tan Meijin wanted to give herself a big mouth, but why didn't she ask who it was?
The leader looked Qin Meijin up and down, and then said: "It's like this, our boss thinks it's not easy for you to raise four children by yourself, so we want to help you raise these two girls. What do you think?
"
"You two elders can't do this. This is my daughter. Please let us go."
Tan Meijin quickly refused, saying that it was not that she was reluctant to part with her two daughters, but that his Jinxia Song and Dance Troupe now relied entirely on their two daughters, so the rewards from so many customers were basically directed at her two daughters.
Now that we are talking about leaving our two daughters, isn't this going to cut off the lifeblood of our family? Without Mei Aifang and Anita Mui, the three of them would probably have to go to the northwest.
"You can't bear to leave your two daughters? That's fine, but we can't leave empty-handed when we come today.
Two people must be taken away. Otherwise, how about your two sons joining our righteous group and collecting protection fees with us? They may train hard for two years and become red sticks, so that you can be popular and drink in the future.
It’s spicy.”
Hearing this, Tan Meijin was even more reluctant. She was counting on her two precious sons to provide for her until the end of her life. How could she join a society? She should be a doctor or a lawyer in the future.
And I heard that if you join a club, you can really become a red stick, but there are only a few red sticks in a club, most of them are bad guys, and they may be hacked to death on the streets one day.
"Two elders, this is even more unacceptable! Moreover, Hong Kong Island is a legal place, you can't do this."
Tan Meijin stood in front of his two sons and said without hesitation.
"Hahahahaha, law? This is the first time I have heard such a good joke. This is the New Territories. When did the New Territories start to have laws? Do you think this is the island? I have to take two away today. I will give them to you.
This is your last chance, otherwise I will let you become a first-floor phoenix."
The middle-aged man was laughed at, but he quickly put away the smile on his face, put the fruit knife in his hand against Tan Meijin's face, and made various gestures against her face.
This made Tan Meijin tremble with fear.
Mei Aifang, on the other hand, tightly protected her little sister Anita Mui behind her and stared closely at the two gangsters who broke into the home.
"Two elders, it's not easy for me to raise these two girls. We have to work every day to earn money..."
Tan Meijin said tremblingly, her meaning was very clear, you can take it away, but you can't take it away in vain.
"Oh? It is indeed not easy for you, but our boss is a man of rules, so he will not force others to do anything. After all, there are rules.
Just tell me how much money you want! Or if we take these two little guys away, not only can we save food money for them, but they can also make money for you in the future."
Seeing that Tan Meijin agreed to take the two of them away, the middle-aged man put away the fruit knife in his hand and said with a smile.
Tan Meijin looked at the fruit knife that was still hanging around not far away, and thought in horror: Make money for me to support my retirement? Who would believe you? You guys are just eating, drinking, whoring, gambling and smoking. You can't even support yourself.
, it’s a real thing that I still want a sum of money.
"The two of them have a total of 500,000 Hong Kong dollars. As long as you give me 500,000 Hong Kong dollars, you can take them both away."
Mei Aifang and Anita Mui, who were still a little confused at first, now understood their mother's words, and tears flowed out instantly.
They understand that their mother is selling them to a cruel society, and they have no idea what the future will be like.
Change source pp]
"How much? I didn't hear you clearly just now, please say it again."
The middle-aged gangster moved the knife towards Tan Meijin's neck again and said with a smile.
"Five...two hundred thousand. My two daughters can now earn one thousand Hong Kong dollars a month. In the future, they will earn more, 200,000 Hong Kong dollars, one daughter 100,000. You will be able to get your money back soon."
Tan Meijin said with a look of horror.
"You are quite sensible. Our elder will kindly give you 50,000 US dollars, and then you should pack your things and leave Hong Kong Island immediately. If I find you secretly returning to Hong Kong Island, you and your two sons will go to Shentang."
."
"Okay, thank you, boss. Thank you, boss. Is this my house?"
Tan Meijin hesitated and said.
"House? You still want this shabby house." The middle-aged man said with a smile. Two hundred thousand yuan will buy two girls, and the remaining one hundred thousand yuan, fifty thousand yuan is considered to buy a house, and fifty thousand yuan is your settlement fee. Do you want another one?
Need money for a house?
"Mommy, you can't leave us, we won't go with them."
Anita Mui cried and said.
Mei Aifang looked at her two brothers who were trembling with fear as they were protected by Tan Meijin. They had never thought of protecting us two. She gave up completely now.
"Have you decided where to go?"
"I, I, I want to go to Wanwan Province."
Benwangan? It’s too close over there!
The middle-aged gangster pressed the knife, and a drop of blood seeped out.
"No, no, we won't go to Wanwan! We will go to Australia and never come back. Please let me and my two sons go."
Tan Meijin begged loudly.
"Australia? Okay, let's go. Here is 50,000 US dollars in cash. You should pack your things and prepare to go to sea."
The two of them took Qin Meijin, who had packed their things, to a place where people were smuggling out to sea, and then boarded the smuggling ship with their two sons without looking back.
The sisters Anita Mui and Anita Mui were devastated because their mother never said a word to them from home to the stowaway boat.
A middle-aged man stuffed the two women into the trunk of the car, and the car started quickly.
"Brother Li! These two little girls are worth 300,000 Hong Kong dollars?"
The slightly younger gangster asked the middle-aged gangster.
"Of course, but it's not worth so much now, but it will be worth more in the future!"
Li Ge said mysteriously.
"Will it be worth it in the future?"
"Yes, let's not forget that these two little girls are both beauties, and they are extremely talented in singing. Once they are trained, they can earn back three hundred thousand Hong Kong dollars? Even three million Hong Kong dollars."
The young gangster suddenly realized that he was still young. No wonder his boss was the boss, and he was the bad guy.
While the two gangsters were blowing water in front, the two women in the trunk kept kicking the trunk with their feet, and finally kicked it open after more than ten minutes. Fortunately, the road here was bumpy, and the two women in front of them were able to get together.
