Chapter 220 The Pros and Cons of Far East Exchange
Li Jianhui received a lot of congratulatory calls in the office in the morning. I have to say that the release of this list has greatly improved Li Jianhui's reputation.
Think about the treatment of the world's richest men in previous lives. They were definitely guests of high-level officials in various countries. If Li Jianhui goes to inspect the market now, major leaders of various countries or regions will inevitably meet with him.
Of course, this also adds some danger to him, especially those who want money rather than their lives. Li Jianhui will inevitably become their first target.
For this reason, Li Jianhui specially reminded his family members to be accompanied by bodyguards when going out. Money is not a trivial matter. He was mainly worried that his family members might be harmed.
In previous lives, Xiangjiang appeared not once or twice, but the eldest son of Li Chaoren and the eldest son of Guo Desheng were the founders of Chinachem.
In particular, the founder of Chinachem was kidnapped more than once, and finally disappeared from this world forever.
However, this rich list also gave Li Jianhui a free publicity. On the morning of that day, listed companies related to Li Jianhui collectively rose.
Wheelock Land exceeded the HK$8 billion mark. The total market value of Wheelock Holdings, Whampoa Holdings, and Hutchison Land also exceeded HK$7 billion. Lane Crawford's stock price also hit a new high, with the total market value also exceeding HK$70.
billion Hong Kong dollars.
Even Huangpu Shipping Group, which currently has relatively low profits from large investments, has also taken advantage of this wave of good news to directly reach the level of HK$5 billion.
After Li Jianhui acquired Taohua Datong, its market value has soared. This morning, its total market value exceeded HK$800 million, more than doubling its value.
This is definitely a monster stock in the Hong Kong stock market this year. Although Taohua Datong’s performance has indeed improved significantly due to the two major platforms of Lane Crawford and IKEA, it will not be able to grow so fast.
Mainly due to some speculation in the market, and also because some institutions and investors are really optimistic about Taoda's future development and are prepared to hold it for a long time.
Now Li Jianhui's major listed companies are extremely strong, although the single market value is far from being comparable to HSBC, Standard Chartered, and China Power.
But in addition to Taoda, the other six companies have entered the top 20 listed companies in Hong Kong, and five of the top 10 companies.
The Far East Exchange also further narrowed the distance with the Far East Exchange because of the strength of the Xin Jian Department.
The Far East Exchange currently has six companies, including Wheelock Land, Lane Crawford, Hutchison Land, Whampoa Shipping, Bank of East Asia, and Dao Heng Bank, among the top 20 companies in Hong Kong in terms of market capitalization. Their number is nearly half of the Hong Kong Exchange.
And with the continuous development of Chinese-owned enterprises, this number may further increase in the future, especially when Watsons is listed tomorrow. Once the total market value exceeds 4 billion, it will become one of the top 20 listed companies in Hong Kong.
Judging from the overall benefits of the Xinjian system, Watsons will have a chance tomorrow. In that case, the top 20 Far East Exchanges will reach seven.
Li Fuzhao felt that his wish to establish the Far East Exchange was no longer just a fantasy. The Far East Exchange had a real chance of surpassing the Hong Kong Exchange.
At noon that day, Li Fuzhao acted as the host and specially invited Li Jianhui, Lei Juekun, Guo Zhiquan, Zhang Guangwen and others to have dinner at Xinhui Hotel.
I would like to express my gratitude to these people for supporting the Far East Exchange. Secondly, I also hope that more of our companies will be listed on the Far East Exchange.
The benefits for the top listed companies on the Far East Exchange are quite gratifying, but they are not without worries.
In the past, the Far East Exchange was supported by most Chinese families, but because now five major consortiums have been born, and the Li family belongs to the Donghua Consortium, some Chinese families have listed their companies on the Hong Kong Exchange or the Kowloon Exchange.
In addition, the Far East Exchange has strengthened its review standards, which has also resulted in fewer newly listed companies on the Far East Exchange than before.
Fortunately, the companies that have been listed on the Far East Exchange are relatively strong and high-quality, and Li Jianhui has launched several of his companies on the market during this period, which gives the Far East Exchange the strength to challenge the Hong Kong Exchange.
Li Jianhui listened to Li Fuzhao's words and said: "Second uncle, the Far East Exchange cannot completely count on us. You must also communicate with the other three major consortiums and try their best to let the companies they prepare to be listed on the Far East Exchange
Come.
In addition, Hong Kong is always too small, and the Far East Exchange should actively introduce external companies to list, especially Baodao and some outstanding companies in Southeast Asia."
"Jianhui, you still don't know that Yongxin Investment Company and New Asia Investment Company jointly control the Kowloon Exchange. Enterprises from these two consortiums will probably not choose our Far East Exchange again.
As for the Charter King, you also know their internal situation. Except for those that have been listed, there are currently no high-quality companies. Moreover, there is also the Kowloon Exchange competing on the side. At present, the Far East Exchange can only rely on your support.
I am also studying the introduction of foreign companies to come for listing. Currently, Berjaya Group and Sunway Holdings in Malaysia are good. I hope Jianhui can help more in this regard."
Li Fuzhao hopes to use Li Jianhui to pry open the Malay market and introduce outstanding Malay companies to list in Hong Kong.
Berjaya Group and Sunway Holdings are just the first step. In the future, he will attract more companies to be listed on the Far East Exchange.
"It is currently difficult for Berjaya Group. If my uncle can get the Far East Exchange to reach an agreement on mutual recognition and swap of shares with the Kuala Lumpur Exchange, then Berjaya Group can come to the Far East Exchange for a secondary listing.
And if cooperation can be achieved, I believe there will be many outstanding Malay companies coming to the Far East Exchange."
Li Fuzhao knew the difficulty involved. Instead of doing this, it would be more convenient for Berjaya Group to delist from the Kuala Lumpur Exchange and then list it on the Heung Kong Exchange.
It's a pity that this just means that Berjaya Group is a Malay enterprise with Malay roots and cannot easily choose to delist.
However, Li Fuzhao is still willing to give it a try. If an agreement can be reached, it will be of great benefit to the Far East Exchange.
Not only the Kuala Lumpur Exchange, he is also preparing to communicate with the Taipei Exchange to see if they can reach cooperation and introduce a group of outstanding listed companies from Taiwan to come for secondary listing.
In order to replenish the blood of Far East Bank, Golden Princess Cinema, Yongan Bank, and Xinjian Bank will also be listed on the Far East Exchange one after another.
Li Jianhui will not let Xinjian Group be listed as a whole, and he will firmly control the investment companies and securities companies.
As for IKEA and Tesco, Li Jianhui has to wait for the time being. At present, these two companies are still relatively small in scale, and he is not in a hurry to go public.
He has no plans to list any of the major companies under the Huihong Group. At least, he will not split them up and list them until the monitors, chip R&D, design and manufacturing, chip packaging, printed circuit boards, etc. have not grown in size.
Game companies are powerful tools for attracting money. Li Jianhui would not go public if he was not short of money. When Li Fuzhao mentioned this, he refused without hesitation.
As for Xinhui Group, since it operates a large-scale industry that is relatively special, it has no plans to go public.