Vicious dogs in Hong Kong, entrepreneurs practicing evil cultivation

"Uncle Fen, I'm so sorry!"

Chen Guanjiang hurried over and said, "I've been so busy lately, I haven't been able to attend to everyone properly. Please forgive me!"

"Ah Jiang, it's normal for you to be busy with your booming career. I was in a hurry and became an unwelcome guest. I really have something to ask of you, so please forgive my abruptness..."

"Uncle Fen, you were too harsh. You should have spoken up!"

"..."

Chen Pufen had no time for banter and changed the subject, saying, "Ah Jiang! Didn't you complete your 1.5 million acquisition? How come I heard from the brokerage that you still have some money?"

"That's how it is..."

Chen Guanjiang explained: "The previous HK$1.5 million was actually HK$3000 million, which was borrowed from the Bank of East Asia with a leverage of five times."

"The HK$1.5 million I have now was borrowed from HSBC with a leverage of HK$5000 million from Chow Tai-heng."

"I'm a long-time HSBC customer, and they wouldn't even approve my application for five times leverage. Bank of East Asia really has guts..."

"Ding ding ding..."

Chen Pufen wasn't there to listen to rambling, so he quickly interrupted, "Ah Jiang, you have too much money. You've drained the Kowloon Society's circulating shares. Why don't you stop for a while?"

"How could this happen?"

Chen Guanjiang was shocked and said, "I originally wanted to help the Kowloon Society boost their transaction volume, but I didn't expect that my good intentions would backfire and I would be blamed for being reckless. I'll tell them to stop the acquisition right now..."

That statement is truly a slap in the face.

Spending a lot of money to buy stocks in Kowloon Club does increase trading volume in Kowloon, but if you can't handle it, who can you blame?

Having already lost face, Chen Pufen had no choice but to continue pleading, "Ah Jiang, could you please release some shares for trading?"

"With Uncle Fen involved, there's definitely no problem..."

Chen Guanjiang then changed the subject, saying, "But there's no reason for me to be buying and selling goods simultaneously; how would the taxes be calculated?"

A massive sum of HK$300 million, consisting of HK$150 million and another HK$150 million!

3.19% plus another 3.19%, totaling HKD 2000 million in taxes!

Chen Pufen would definitely not be willing to bleed so much, and the brokerage firm could not possibly bear this loss. There are only individuals who betray the group, not groups that betray the group.

Just as Chen Pufen was in a dilemma, Chen Guanjiang had a flash of inspiration and said, "Since the Kowloon Society only has a shortage of circulating shares, then I will increase the number of circulating shares."

"How do I do it?"

"I'll take my news agency, Yangxun, public on the stock exchange!"

"The News Agency?" Chen Pufen's eyes lit up immediately.

Although it was only established for six months, Yin Xun Media has achieved top-notch results in the Hong Kong media industry.

The newspaper, originally titled "Wang Gou Daily," which primarily focused on dog-related news, was renamed "Hyena Daily." After adjusting its focus to primarily film and entertainment while also covering dog-related news, this small newspaper with a circulation of 5000 copies quickly became a new favorite with daily sales of 4 copies.

Later, the main business and the secondary business were separated. The "Hyena Weekly" still maintained a weekly sales volume of 40,000 copies, and the "Wang Gou Daily" was relaunched with the addition of financial information, and the daily sales volume also reached 40,000 copies.

Later, it even ventured into the Malaysian newspaper, and at its peak, it even exceeded 5 copies sold per day. Its total sales volume surpassed that of Ming Pao, and it was expected to become the fourth largest newspaper in Hong Kong.

They then replaced the horse racing market and Oriental Daily News with the dog racing team, directly taking over half of the dog racing newspaper, and rising to prominence much faster than Oriental Daily News did back then.

Moreover, Chen Pufen also knew that Yin Xun Media was preparing a financial report.

With Chen Guanjiang's stock-picking ability as a "young stock god," coupled with inside information provided by Far East Club and Kowloon Club brokerage firms, it won't be long before another newspaper with explosive sales will emerge.

Today, Xun Media is no longer what it used to be, and HSBC has only given it a valuation of HK$80.

Rather, it is a rising star in the newspaper industry with strength no less than Ming Pao, potential no less than Oriental Daily News, and sales figures directly comparable to Sing Tao Daily.

Sing Tao News Corporation is already listed and now has a market value of HK$300 million. Angkor Media's sales volume is only one-third of Sing Tao's, so it can still guarantee a market value of HK$100 million after its listing.

"good!"

Chen Pufen excitedly said, "Ah Jiang, you can trust Uncle Fen! I really got the news agency listed on the stock exchange!"

Given the current development trend of Yon-Hsin Media, even if it were to be listed on the Far Eastern Group, it would still be considered a high-quality asset.

Choosing to list in Kowloon Club was purely to give Chen Pu face; how could he not be tempted?

For Chen Guanjiang, listing on Kowloon Club is no different from listing on Far East Club and Gold & Silver Club.

High-quality Chinese-owned listed companies' stocks can all be traded on Chinese-owned stock exchanges; the only difference is whether they are listed on the exchange.

Only exclusive Hong Kong stock exchanges, or those three Chinese-owned stock exchanges that independently promote listings, and junk stocks like Hong Kong Antenna, are limited to trading only on the exchanges that promoted their respective listings.

Of course, the exchange on which a stock is listed determines which exchange will be responsible for the final settlement, and the exchange that assumes the final settlement is also associated with its listing responsibilities.

Although the goal was not achieved, it was not a complete loss; at least it brought Kowloon Club a high-quality listed company.

Chen Pufen couldn't help but exclaim with delight, "Christmas is in three days! We'll start working on it after Christmas, and launch it at the end of February..."

Nowadays, the listing process is not complicated.

The China Securities Regulatory Commission (CSRC) does not have that much power, so there are no mandatory requirements for sponsors, and they do not need to comply with the Listing Rules and the Securities Ordinance. Only a simple basic financial audit is required.

Chen Pu's Oriental Finance Company and Kowloon Stock Exchange, acting as both players and referees, handled everything from prospectus and financial audit to submitting institutions and supervisory bodies.

Chen Guanjiang, however, couldn't wait and said, "No need to wait until Christmas, we'll do the auditing tomorrow. It can be done in one day, and we'll be listed by mid-January at the latest!"

Yinxun Media was established for less than half a year. According to the simple calculation method that 100 million accounts are one meter high, the account books stacked up are not even 20 centimeters high.

Even if the accountants at Oriental Finance used abacus beads, they could complete the audit of Yin Xun Media in a day. Why wait until after Christmas?

Go public sooner, reap the rewards sooner, and turn your back on us sooner.

Chen Pufen hadn't expected it to be so rushed. He frowned and said, "Going public requires submitting an application to the China Securities Regulatory Commission (CSRC), which takes at least 3-6 months to review. How can one month be enough?"

Chen Guanjiang stared at the old man and said with a hint of threat, "I believe Uncle Fen can handle it."

For a long time, the Hong Kong Stock Exchange has controlled the Hong Kong stock market.

The Hong Kong Club is the stronghold of British-funded conglomerates, so where would the so-called Securities and Futures Commission (SFC) have the audacity to regulate it?

Although Hong Kong's securities industry has entered the "four-exchange era," the Securities and Futures Commission (SFC) is still just a "rubber stamp."

The so-called review is just a formality; going public without authorization only incurs some consequences.

"Cough cough..."

Chen Pufen looked embarrassed and said, "Ah Jiang, since Yin Xun News is going public, do you understand the rules?"

"Understood, don't worry, Uncle Fen!" Chen Guanjiang said with a knowing smile.

Back when the Hong Kong Stock Exchange held a monopoly, there was an unwritten rule in the securities industry that companies would release some of their own shares to the exchange at the time of their listing.

Typically, brokers give 100 shares, committee members give 200 shares, vice presidents give 400 shares, and presidents give 800 shares; this practice is known in the industry as "sharing the cakes".

Although it's just for good luck, if someone keeps bringing it up, it will eventually lead to trouble.