Rebirth capital madman - Chapter 1157

As the preparation and negotiation of the Asia-Pacific Economic Cooperation is getting closer and closer, more and more international people from all walks of life have appeared in Hong Kong. The President of Hong Kong Monetary Authority, Sir Gao, stated that to develop the over-the-counter trading of Hong Kong securities industry, There are a lot of elements in advertising.

What is the specific effect?

In fact, as long as you look at the various offshore financial centers in the world, it is not difficult to get the answer. Any place that can provide unique convenience in terms of money legality, taxation, supervision, etc. is not unattractive.

The gameplay of over-the-counter trading may not follow the standard contract form in the exchange, but add some special trading conditions. It is only the special attraction of this convenience, and everyone who understands it will understand it!

If the over-the-counter trading in the Hong Kong securities industry develops as expected by Gao Xian, looking at it from a certain angle, it is similar to the foreign exchange market in Hong Kong.

The foreign exchange market in Hong Kong is an invisible market. Thanks to the advantages of communication and data processing brought about by Sir Gao, President of the Hong Kong Monetary Authority, who vigorously advocated the construction of the Hong Kong International Digital Center, various financial institutions around the world can use the international telecommunication network in Hong Kong. Important nodes are brought together into a whole.

In the invisible foreign exchange market of Hong Kong, various financial institutions can directly trade one-to-one, or they can conduct transactions through foreign exchange brokerages that play an intermediary role.

At present, the major foreign markets in the world include the United Kingdom, the United States, the United Kingdom, Switzerland, Singapore, Hong Kong, West Germany, Australia, France, Canada, the Netherlands, etc. Since Sir Gao established the Hong Kong Exchange Fund Authority, the ranking of the Hong Kong foreign exchange market has continued to rise.

It is not difficult to imagine that the waters in the international foreign exchange market are quite deep. There has been no generally recognized authoritative report on the question of how much the average daily turnover of this large market is. The major central banks are still working hard to establish a joint investigation mechanism.

However, Gao Xian has his own channels and can draw a rough judgment, that is, in terms of US dollars, the average daily turnover of the Hong Kong foreign exchange market exceeds 60 billion US dollars, ranking after the United Kingdom, the United States, and Japan. 4th in the world.

This status in the rivers and lakes is enough to give Hong Kong an advantage in the competition of various international financial centers around the world, and for Gao Xian, who leads the Hong Kong Monetary Authority, it also has an additional voice, amulet and other capital.

Now Gao Xian proposes to develop OTC securities industry in Heungkong. The internal motivation and ideas are very similar to his influence on Heungkong foreign exchange market, so that he is very motivated to start selling advertisements.

Where is the authority of the President of the Hong Kong Monetary Authority given by Gao Xian? Once the horn is officially blown, the outside world will no longer doubt that major international financial institutions, as well as famous consortiums on various sites around the world, or hidden secrets. Lu’s invisible rich people have all taken substantive actions. For example, the heads of the Lin and Huang families in Southeast Asia are so interested that they have asked Gao Xian to meet them in person and answer questions face-to-face.

No one doubts that the over-the-counter transaction proposed by Sir Gao to develop the Hong Kong securities industry will be thunderous and rainy.

The reason is obvious. In order to compete for the dominance of the reform of the Hong Kong securities industry, Gao Xian was almost killed by the Ritz Hotel in London, which caused a social death. Now he can display his ambition. Of course, he has to make some fields that the Hong Kong securities industry did not have before. results come.

In terms of putting it into practice, Gao Xian’s professionalism is also obvious to all. Although he has changed from a business leader’s identity to that of the central bank’s central banker, the weapon in his hand has become larger and larger, and has never been Missed!

In recent years, when the Hong Kong Development Investment Fund under the Hong Kong Monetary Authority has taken remarkable actions, and in the process of promoting the realization of employee social insurance in Hong Kong, Gao Xian often said that the sufficient balance of the Hong Kong Exchange Fund provides a rare history. The opportunity to help the development of Heung Kong can be said to be deeply rooted in the hearts of the people.

To put it bluntly, the Hong Kong Monetary Authority is rich and powerful, and Sir Gao has the most powerful backing to do more with less.

During the exchange process, different from international financial institutions, many heads of Chinese consortiums who decided to establish an important base in Heungkong not only like the opportunities of Heungkong securities industry to develop over-the-counter trading, but they are also a little greedy and greedy to the insiders of Heungkong Stock Exchange. He never forgets the trading mechanism. After all, the supervision of the Hong Kong securities industry represented by the Hong Kong Exchange will become more and more perfect, which is the general trend.

Gao Xian, who can be said to be clear about all kinds of rivers and lakes, can’t understand the needs of these tycoons. Isn’t it just that he hopes to be listed on the Hong Kong Stock Exchange, and the threshold is not so high.

Gao Xian spent so much effort to take the lead in the reform of the securities industry in Heungkong. He must have a comprehensive consideration for the future blueprint, but he has priorities. Like Heungkong Securities Regulatory Commission, which has carried out top-level design and perfected the “Listing Regulations”, “Listing Regulations” Existing laws including the Regulations on Mergers and Acquisitions, and drafting new regulations such as the Regulations on Insider Trading; the last link of the Hong Kong stock market trading channel – electronic order matching, the Hong Kong Stock Exchange, and the Hong Kong Futures Exchange to form Hong Kong Exchanges, and establish a central settlement mechanism…etc, it’s a higher priority.

Therefore, Sir Gao easily came up with a solution. Heung Kong Stock Exchange can establish a second-board market in addition to the current main board, which is called the ChiNext. The threshold for listing is lowered. Packaging and telling beautiful capital stories will definitely be popular on the GEM.

In the “old script”, the Hong Kong stock market also has a Growth Enterprise Market, but the establishment of this market is a bit late. The Internet bubble in the United States is about to burst. , side effects are everywhere.

As for whether the GEM of Xiangjiang will be launched now, it will be a little premature in the actual operation. Ma Shiheng gave his own ideas, picked a group of “penny stocks” and rushed to the GEM.

The so-called “penny stock” refers to the basic unit in which a listed company stipulates that its stocks are traded on the exchange in a centralized manner in terms of stock price – a lot, including 100 shares, 200 shares, 500 shares, or even 1,000 shares. In actual market conditions, if a lot of shares are traded for only one yuan, the divided share price per share is the price after the decimal point, which is classified as “penny stock”.

Like the stalemate of Bailida, which seriously challenged the authority of the Hong Kong securities industry some time ago, when it was suspended by the Hong Kong Stock Exchange, Bailida’s stock basically reduced to a “penny stock”.

At present, there are hundreds of stocks on the Heung Kong Stock Exchange, almost half of which can be classified as “penny stocks”, and this is a long-term phenomenon, which makes the existence of “penny stocks” quite mysterious.

After the Hong Kong Stock Exchange established the Listing Committee and played a front-line role in the supervision of the Hong Kong securities industry, the management of “penny stocks” became more and more troublesome, especially when the last link of electronic order matching was opened up, and the operation of the Hong Kong Stock Exchange was fully realized electronically. After the transformation, it is completely foreseeable that the Hong Kong Exchange will have to increase additional costs in the management of “penny stocks”.

For example, one of the major characteristics of “penny stocks” is that “penny stocks” companies play with financial skills, and they can fly. It is an integral multiple of 100, and manual processing is required for “odd shares” that cannot be traded in lots.

The number of “penny stocks” in the Heungkong Exchange is quite considerable. It is not difficult to imagine that Ma Shiheng, as the chief executive of the Heungkong Exchange, is sensitive to such costs, so he took advantage of the opportunity to launch the ChiNext to “purify” the main board. , not only can control the cost, but also make the motherboard look better.

As soon as this rumor came out, many “immortal stocks” started to make trouble. They didn’t want to leave the main board and go to the GEM. Who knows what the prospects of that new market will be…