v3 Chapter 1152： Hong Kong Securities Regulatory Commission (1/2)
Since September, Xia Yu has become more and more busy.
Although there are many shrewd and capable subordinates who share his worries for him, many things still need him to personally manage.
For example, the reform of the Hong Kong financial system, the opening of the United Stock Exchange, the opening of the Hong Kong Commodity Exchange and the preparation of futures commodities, the hunting plan of the Galaxy Fund...
Fortunately, the Latin American sovereign debt crisis, which has most affected his energy, has erupted for more than a month.
In addition to the small problems of the eight teams of the Galaxy Fund at the beginning, after a period of running-in, all eight teams are in full swing.
Especially after entering September, there were no problems that Xia Yu reported to Xia Yu to deal with, and the operation went smoothly.
As a result, Xia Yu also put out more energy to follow up other things.
This morning, Xia Yu summoned Liu Tianci and Wang Qi to his office, with Huo Jianning listening.
Xia Yu took the initiative to inquire about the acquisition of Hong Kong HSBC Bank.
Jiuding Securities Co., Ltd. operated by Wang Qi is the main executive, so Wang Qi stood up and reported to Xia Yu.
”Chairman, under our successive offensives, HSBC's stock price quickly passed a period of plunge. Now the stock price has entered the second stage of decline. It is in a steady decline stage, and the daily market value evaporated is only 10 million Hong Kong dollars Around, there is not much room to fall.”
”Before I came, the market value of HSBC was around 4.95 billion Hong Kong dollars.”
”When we had a market value of 5.2 billion Hong Kong dollars, we were already buying at the bottom.”
”Now we have secretly increased the shareholding of HSBC from 18.6% to 39.7%.”
”It is about to reach the top now, because in addition to the 54.7% of the shares held by the parent company HSBC Holdings, the remaining 5.6% of the shares are scattered.”
”Our maneuverable space is no longer large, and the amount of stocks we buy every day is relatively small.”
After listening to Wang Qi's report, Xia Yu nodded slightly and praised: ”You have done a good job, and it's a good idea to buy some loose stocks later.”
”As for HSBC Holdings, I will deal with it. There will be a result this year.”
Wang Qi and Liu Tianci both heard Xia Yu's potential meaning. They looked at each other and did not dare to ask more. They nodded and responded in unison: ”Okay.”
”The United Stock Exchange is almost finished, right?” Xia Yu asked again.
Liu Tianci immediately replied: ”Chairman, it's almost there, the trading floor has been completely renovated, and all the machines and hardware facilities have been installed.”
”Management rules and transaction regulations have all been made.”
”Now, it is still in the internal simulation operation step. If all goes well, it is planned to officially open to the outside world on October 11 and permanently close the existing four stock exchanges.”
Xia Yu's expression moved slightly, and he said, ”It seems that it is less than a month away.”
”Yes.” Liu Tianci nodded and replied.
”The reason why it has been delayed until now is not entirely because of the need to simulate operations, mainly because the Hong Kong government has not yet completed the plan.”
”The new ”Securities Exchange Law” is already in the process, and the China Securities Regulatory Commission is also being formed. The management regulations and trading rules of our exchange are consistent with the new ”Securities Exchange Law.”
”Before the new ”Securities Exchange Law” is formally implemented, our unified stock exchange cannot be activated, otherwise it will conflict with the current ”Securities Exchange Law.”