Through the wealth life

Chapter 1049 Acting as a Vanguard
One of the important reasons why Heung Kong will be able to secure its position as the third largest financial center in the world in the future is that many mainland companies will choose to list in Heung Kong relying on the enterprises and funds from the mainland.

Li Guangyu just hopes to advance this time a little bit, and his Pengyu Group and Cao Weiqing's Meiqi Clothing Group are very suitable to be the pioneers.

In the future, with the help of dozens of groups under him, and attracting countless companies from the mainland, Southeast Asia, and even Taiwan to go public, Heung Kong will definitely have the strength to compete with New York and London in the development of the financial industry in the future.

The key now is to keep Asian companies and prevent them from thinking that New York is the first place to go public. When Hong Kong becomes the first choice for Asian companies to go public, there will be no problems in Hong Kong's economic development.

Of course, Li Guangyu is aware of the difficulty of attracting mainland companies to go public, but it must be done no matter how difficult it is. Even some of the current rules of the Hong Kong Stock Exchange are not suitable for mainland companies. In this regard, the exchange needs to make some changes, even A listed stock section can be specially developed for the listing of companies in the mainland 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 better the profits of his industries. , and many of his industries will do the same.

Of course, Li Fuzhao is aware of the potential of the mainland. If he attracts all mainland companies to Xiangjiang, he dares 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 go public. At present, the reform and opening up of the mainland is still in its infancy, and all large-scale companies in the mainland are still publicly owned. to do.

However, Li Fuzhao did not want to give up on Li Guangyu's proposal. He still hoped to reach some agreements with the mainland to help mainland companies to list on the Hong Kong Stock Exchange.

He said to Li Guangyu: "This aspect still needs 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 your Tianyu Investment Company It can become the underwriter of many mainland enterprises, and it can also expand the influence of Tianyu Financial Group in the mainland.”

Li Guangyu is naturally aware of his own interests, otherwise he would not have worked so hard to let Li Fuzhao attract mainland companies to come to Xiangjiang for listing.

Li Guangyu said: "Uncle Li, I will let Pengyu Group start preparations for listing on the Xiangjiang Stock Exchange. I believe that with the drive of Pengyu Group, some companies with ideas will come to Xiangjiang to list, especially those who want to raise funds. As long as a developing enterprise has a beginning, more and more enterprises will come to Xiangjiang in the future.”

Pengyu Group, a subsidiary of Li Guangyu, is registered in Pengcheng, and its controlling shareholders are several major funds. According to the group's registration place, this group is an authentic mainland enterprise. This group's listing in Xiangjiang is very representative. More importantly, as long as Pengyu Group is successfully listed in Xiangjiang, it will definitely cause a sensation.

The market value of Pengyu Group is also not low. You must know that this group is quite well-known in Southeast Asia, although the market value cannot be compared with Feiyu and Hongyu.

Relying on the excellent profit level, the market value of Pengyu Group still reached 31 billion US dollars in the valuation at the beginning of this month. This is still considering the issue of the RMB currency value in the Mainland. Many institutions do not recognize the performance of Pengyu Group in the Mainland. Therefore, the market value assessment is much lower than that of Hongyu Clothing Group.

Hongyu Clothing Group looks at the 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, the market value of Hongyu Clothing Group has reached 63 billion US dollars.

And this is also a problem that Li Fuzhao needs to solve. Due to many reasons, the main market of mainland companies is 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 Xiangjiang. one thing.

Li Fuzhao knew very well that Li Guangyu had no shortage of funds. Being able to get Pengyu Group to go public this time really helped him open up the mainland market. Li Guangyu would suffer a great loss from the current estimated market value of Pengyu Group.

Pengyu Group has a very large market in the mainland. It cooperates with supply and marketing cooperatives and department stores in many provinces, and has a large number of self-employed people. Their products are widely sold in the mainland, covering most provinces and cities in the mainland.

It’s just that the money earned there is in RMB, and Pengyu Group converts profits according to the official RMB exchange rate, which is why many institutions do not recognize the performance of Pengyu Group.

Moreover, there are still many problems to be solved, such as the issue of annual dividends. Xiangjiang needs Hong Kong dollars for dividends, which requires Pengyu Group to exchange foreign currencies. At present, the mainland is still relatively short of foreign exchange, and this problem also needs to be resolved.

Li Guangyu of Pengyu Group will lose from listing, but he will not lose much. He owns 70% of the shares, three institutions Tianyu Investment Company, Heung Kong Bank, and Sun Hung Kai Securities 20%, 5% of his employees, and 5% of the shares outside. As the listed stock market rose, he was able to earn it back.

As long as Pengyu Group can succeed and has a set of mature experience, then both the Xiangjiang Exchange and their major banks and securities companies will reap massive benefits in the future.

Li Fuzhao said: "Guangyu, I know that you want Pengyu Group to serve as a model to provide experience for those mainland companies, so as to make the Hong Kong Stock Exchange the first choice for mainland companies to list. I am very supportive, as long as you Pengyu The group can come to the market, I have no problem here.

Moreover, I plan to form a Xiangjiang financial delegation to go to the capital to discuss matters with them. Listing in Xiangjiang is also very beneficial to them. I believe that the two sides can reach some consensus. "

Li Guangyu was very supportive of Li Fuzhao's trip to the capital in person, so the communication between the two parties might be able to usher in a wave of mainland companies going public on the Xiangjiang Exchange.

"Uncle Li, you set a good time. When the time comes, I will ask Tianfan to accompany you. I will also pull over with the heads of several other major banks. I hope you can get a good result this time."

Li Fuzhao was naturally very happy, and with these people accompanying him, the financial delegation was even more important.

He said to Li Guangyu: "This matter should be done sooner rather than later. I will contact the Xinhua News Agency today to try to set a date as soon as possible. There are mainland companies listed on our exchange. In the future, the Xiangjiang Exchange will become one of the top exchanges in the world. .”

Li Guangyu and Li Fuzhao discussed how long they wanted to be a long time, and they each left after having lunch together at noon.

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 series of influences, large mainland companies will basically choose Heung Kong as their first choice for listing in the future, and Heung Kong will completely stand on a par with New York and London in terms of finance.

……

(End of this chapter)