One of the important reasons why Xiangjiang will be able to secure its position as the world's third largest financial center in the future is that many mainland companies will choose to list in Xiangjiang, relying on enterprises and funds from the mainland.
Li Guangyu just hopes to advance this time, and his Pengyu Group and Cao Weiqing's Meiqi Clothing Group are very suitable to serve as this pioneer.
In the future, with the help of dozens of groups under its umbrella, and attracting countless companies from the mainland, Southeast Asia and even Taiwan to list, Xiangjiang's future development in the financial industry will definitely be as strong as New York and London.
The key now is to retain Asian companies and prevent them from thinking that New York is the first place to go public. When Xiangjiang becomes the first choice for Asian companies to go public, there will no longer be any problems with Xiangjiang's economic development.
Of course, Li Guangyu is aware of the difficulty of attracting mainland companies to list, but it must be done no matter how difficult it is. Even some of the current rules of the Hong Kong Exchange are not suitable for mainland companies. This aspect also requires the exchange to make some changes, and even
A listed stock section can be specially developed for the listing of companies in mainland China and other regions.
The reason why Li Guangyu works so hard is that the economic development of Xiangjiang is closely related to him. His interests and the development of Xiangjiang are mutual. The better the economy of Xiangjiang, the more profitable his industries will be. Similarly, if the economic development of Xiangjiang falls into weakness
, the same will be true for many of his industries.
Li Fuzhao certainly knows the potential of the mainland. If he attracts all mainland companies to Hong Kong, he will really dare to challenge the New York Stock Exchange and the London Stock Exchange.
It's just that it's not easy to attract mainland companies to come and list. At present, the mainland's reform and opening up is still in its early stages, and mainland large-scale enterprises are still publicly owned. It is definitely not that simple to come and list. I'm afraid there is still a lot of work to do in this regard.
To do.
However, Li Fuzhao has not given up on Li Guangyu's proposal. He still hopes to reach some agreements with the mainland to help mainland companies list on the Hong Kong Stock Exchange.
He said to Li Guangyu: "This aspect still requires long-term work. I hope you can provide some help in this aspect. Once mainland companies can be listed on the Hong Kong Stock Exchange, it will be of great benefit to us, at least you Tianyu Investment Company
It can become the underwriter of many mainland companies and also expand the influence of Tianyu Financial Group in the mainland."
Li Guangyu naturally knows his own interests here, otherwise he would not work so hard to let Li Fuzhao attract mainland companies to come to Hong Kong for listing.
Li Guangyu said: "Uncle Li, I will let Pengyu Group start preparations for listing on the Hong Kong Stock Exchange. I believe that with the leadership of Pengyu Group, some companies with ideas will definitely come to Hong Kong to list, especially those who hope to raise funds.
As long as the development of enterprises has a start, more and more enterprises will come to Hong Kong later."
The Pengyu Group under Li Guangyu is registered in Pengcheng, and its controlling shareholders are several major funds. According to the group's registered place, this group is an authentic mainland enterprise. This group's listing in Hong Kong is very representative.
Sexually speaking, as long as Pengyu Group is successfully listed in Hong Kong, it will definitely cause a sensation.
The market value of Pengyu Group is also not low. You must know that this group is now quite well-known in Southeast Asia, although its market value cannot be compared with Feiyu and Hongyu.
Relying on its excellent profitability, Pengyu Group's market value still reached US$3.1 billion in the valuation at the beginning of this month. This is still taking into account the issue of the RMB currency value in the mainland. Many institutions do not recognize Pengyu Group's performance in the mainland.
Therefore, the market value assessment is much lower than that of Hongyu Clothing Group.
Hongyu Clothing Group looks at sales channels covering Asia, America, Western Europe, and Australia, plus the addition of high-end clothing and high-end bags. Even if it is not as profitable as Pengyu Group, its market value is higher than that of many evaluation agencies.
Far higher than Pengyu Group, Hongyu Clothing Group has a market value of US$6.3 billion.
This is also a problem that Li Fuzhao needs to solve. Due to many reasons, the main market for mainland companies is currently in the mainland. Whether the profits there can be recognized by investors is a problem that must be solved. Otherwise, it will be very difficult to list in Hong Kong.
one thing.
Li Fuzhao knows very well that Li Guangyu is not short of funds. Being able to let Pengyu Group come to the market this time will really help him open up the mainland market. With the current estimated market value of Pengyu Group, Li Guangyu will suffer a great loss.
Pengyu Group has a very large market in the mainland. It cooperates with supply and marketing cooperatives and department stores in many provinces. It also has a large number of self-employed people, allowing their products to be widely sold in the mainland, covering most provinces and cities in the mainland.
It's just that all the money earned there is in RMB, and Pengyu Group converts its profits according to the official exchange rate of RMB. This is why many institutions do not recognize Pengyu Group's performance.
And there are still many problems that need to be solved, such as the issue of annual dividends. Dividends in Hong Kong require Hong Kong dollars, which requires Pengyu Group to exchange foreign currency. At present, the mainland is still relatively short of foreign exchange, and this problem also needs to be solved.
Li Guangyu will lose money when Pengyu Group is listed, but he will not lose much. He owns 70% of the shares, three institutions Tianyu Investment Company, Hong Kong Bank, and Sun Hung Kai Securities 20%, and its employees 5%, and outsiders will also share 5% of the shares.
As the listed stock market rises, he will be able to earn back.
As long as Pengyu Group can succeed and have a set of mature experience, then both the Hong Kong Exchange and several of their major banks and securities companies will gain massive benefits in the future.
Li Fuzhao said: "Guangyu, I know you want Pengyu Group to set an example and provide experience to mainland companies, so as to make the Hong Kong Stock Exchange the first choice for mainland companies to list. I fully support it. As long as you Pengyu
The group can come to list, I don't have any problem here.
And I plan to set up a Xiangjiang financial delegation to go to Beijing to negotiate with them on this matter. Listing in Xiangjiang is also very beneficial to them, and I believe both parties can reach some consensus."
Li Guangyu is very supportive of Li Fuzhao going to the capital in person. Such communication between the two parties may usher in a wave of mainland companies listing on the Hong Kong Exchange.
"Uncle Li, please set a time. When the time comes, I will ask Tian Fan to accompany you, and I will also bring the heads of several other major banks there. I hope you can get a good result this time."
Li Fuzhao was naturally very happy. With these people accompanying him, this financial delegation had more weight.
He said to Li Guangyu: "This matter should come sooner rather than later. I will contact Xinhua News Agency today and try to set a time as soon as possible. With mainland companies listed on our exchange, the Hong Kong Exchange will become one of the world's top exchanges in the future."
."
Li Guangyu and Li Fuzhao discussed their plans for a long time and had lunch together before leaving.
This meeting also accelerated the development of the Xiangjiang Exchange, allowing mainland companies to log in to the Xiangjiang Exchange earlier, and also strengthened the strength of the Xiangjiang Exchange.
Because of Li Guangyu's influence, large mainland enterprises will basically consider Xiangjiang as their first choice for listing in the future. Xiangjiang is completely on a par with New York and London in terms of finance.