Chapter 317 Far East Club?
After Wang Yuanchao sent away those real bosses, he no longer cared about the affairs of Starlight Pictures. As the boss, he had to worry about everything, so why did he spend so much time and effort to find Zou Wenhuai?

How newspapers and radio stations report is all Zou Wenhuai's business, and both Phoenix Daily and Hong Kong Commercial Radio are owned by one boss, Wang Yuanchao, which means other newspapers need to put in some effort.

Liu Qijin went back again, not to look for her parents, because her parents were busy at the moment and had no time to take care of her. She had to look for her two twin sisters.

The future boss lady appeared alone, which was a rare opportunity, and then she was surrounded by people enthusiastically.

Li Fook-shao came with his cousin Li Fook-ho, who was not only the vice president of Bank of East Asia, but also a director of the Jockey Club and the only Chinese vice president. He intended to establish the Chinese's own stock exchange, and his cousin was the best bridge for him to connect with all the outstanding Chinese people.

Zhou Qibang had introduced it before, and he came here specially today to show his support.

Wang Yuanchao is such a powerful person. According to his cousin's estimate, his assets are conservatively over 100 million. He can't compare with the Li family, after all, the Li family is one of the four major Chinese families in Hong Kong. But compared with any branch of the Li family, he is not much behind. Among all the Chinese in Hong Kong, he is easily ranked in the top 100.

It has many industries under its name, whether it is the Deep Blue Electric Factory or the Blizzard Toy Factory, both meet the conditions for listing.

Moreover, if it also has top media outlets such as Hong Kong Commercial Radio and Phoenix Daily under its name and can help to cheer, its role will be immeasurable.

I think at such a young age, you probably can't resist the tempting title of chairman of the board of directors of a listed company, right?
Worth courting.

So after everyone left, he and Wang Yuanchao found a place to have tea alone.

Wang Yuanchao must go public. If not, how can he make money?

There are too many loopholes in the stock market these days. And he has a radio station and a newspaper, which makes it very convenient for him to hype it up!

But if it's given away for free, it's a good deal, right? You have to let others work hard for it, right?
So he listened carefully to Li Fuzhao's confession, but his attitude was very vague:
“Will the Chinese trading market itself not be convincing enough?”

Li Fuzhao explained:

"Every country has mature stock trading rules, and Hong Kong is no exception. We have rules, and we follow them. It has nothing to do with whether you are Chinese or foreigners.

You see, the foreigners' Hong Kong Club not only has a very low transaction frequency, but also excludes most Chinese from this trading market. It is almost like a game played by foreigners themselves.

Wang Sheng's business development urgently needs funds. If he relies on banks alone, the amount is limited and the cost of funds is high. With the stock market, it is different. The cost can be completely ignored, right? "

Wang Yuanchao said:

“I still have doubts about the strictness of Chinese exchanges.

Let’s not talk about how people can trust each other. If someone violates the rules, how will they be punished? If the amount of money rises and falls in a matter of minutes before and after the transaction, and the exchange refuses to recognize it, what should we do? "

Li Fuzhao said:

"First of all, the exchange has a complete process, both overseas and Hong Kong ones can be used as reference. Secondly, we also have to register with the authorities and follow the procedures. It is not just a few people who get together privately and start. For companies and individuals who violate the rules, there are also systems and laws to determine their responsibilities.

My elder brother, Lee Fook-shu, was once the chairman of the Bank of East Asia, and also served as a director of many companies including the Telephone Company, Tramway Company, Towngas Company, Kwan Yick Warehouse, Chinese Estates Company, Rediffusion Holdings, etc. In the government, he served as a member of the Executive and Legislative Councils, and was appointed a Justice of the Peace in 61.

My second elder brother, Li Fushan, joined the government as a prosecutor in 53, and later became a magistrate in 57, a senior prosecutor in 62, and a district court judge in 64.

So my two brothers can push for the revision of the government’s laws and regulations.”

Wang Yuanchao smacked his lips. The Li family was indeed capable of promoting the improvement of laws and regulations, but who would check and balance the Li family? What if Li Fuzhao took the lead in breaking the rules? Wouldn't his brothers be partial to him?

Li Fuzhao seemed to sense the meaning of Wang Yuanchao's smacking of his lips. His face suddenly turned red and he said indignantly:

"I graduated from Hong Kong University, studied in the United States, obtained a master's degree in business administration from the University of Pennsylvania, and obtained a certified public accountant qualification. I promoted the establishment of the Chinese Stock Exchange, and I did earn some commissions, but I was more concerned about creating a trading platform for the majority of Chinese businessmen and Chinese citizens, a wealth inheritance platform.

Even if we take a step back, how can I have the final say on the exchange? If Mr. Wang has any doubts, he can join our organizing committee. You own a newspaper and a radio station, so it would be great if you could supervise everyone's behavior!
But Mr. Wang, you are insulting my personality a bit! "

Wang Yuanchao didn't expect Li Fuzhao to react so strongly, he just smacked his lips.

He quickly said:
"Mr. Li, you worry too much. You worry too much.

I'm just thinking about how to propose conditions to you so that I can get on your express ship!

After all, you know that I have borrowed so much and the financial pressure is too great.

My electrical appliance factory faces fierce competition and has to research new products all the time. The R&D investment is too high, so we can’t introduce modern assembly lines because we lack funds.”

Li Fuzhao then slowed down and said suspiciously:

"As I recall, you used the borrowed money to invest in real estate, right?"

Wang Yuanchao tilted his head and said:
“Real estate makes more money!

Only the profits from real estate can cover the interest on bank loans!

If the electrical appliance factory borrows this money to expand production, wouldn't it be working for the bank?

How can I make money? " These words left Li Fuzhao speechless.

After taking a sip of tea, he said:
"It seems that Mr. Wang is in urgent need of financing!"

Wang Yuanchao smiled and said:
"Otherwise, why would I happily come for tea as soon as Mr. Li invited me? But Mr. Li just said that he would bring me to the organizing committee!"

Li Fuzhao didn't know that he was too sensitive just now, so he jumped into the trap before the other party even set it? The main reason was that Wang Yuanchao was 20 years younger than him! Only 4 years older than his eldest son Li Guolin! Being smacked by such a young man, he couldn't control himself all of a sudden.

He just wanted to get him into the organizing committee, and then it would be a natural thing for him to join the board of directors. This guy must have been optimistic about the stock exchange, right? After all, he also speculated in gold futures two years ago! He is a master!

As for being really afraid of being cheated? That's definitely an excuse!

How could you do such a thing when you founded your own stock exchange?
Hey--

At this point, it was no longer a question of what Wang Yuanchao was up to. Li Fuzhao said:
"Since Wang Sheng wants to join the organizing committee and prepare for the event, he will have to do a lot of hard work."

Wang Yuanchao said straightforwardly:

"Chairman, your words are too polite. We are all working together to run the stock exchange well, right?
As long as the chairman has made arrangements, I will definitely do my best to complete these tasks!
"

When it comes to finance, you have to get involved so that you can reap the benefits of others, or be less likely to be reaped by others, right?
This guy changed his mind really quickly!
Li Fuzhao said:

"We will hold our third meeting on the 5th of next month, and Mr. Wang must attend!"

Wang Yuanchao scratched his head and said:
"Unfortunately, I have to go to the United States next week and probably won't be back by then. Can I arrange for someone in my family to attend the meeting on my behalf?"

Li Fuzhao wanted to roll his eyes, but he held back and said:

"The meeting of the preparatory committee is still very important. It is completely meaningless for people who lack knowledge and ability to attend this meeting."

Li Fuzhao’s meaning is very simple. If you want to ask your assistant to attend the meeting, then don’t attend it and wait until next time.

Wang Yuanchao said:

"My fiancée's father, the president of Phoenix Daily, Mr. Liu Heqing, should have enough knowledge and ability, right?"

This kind of thing, once caught, they will not let go. Wang Yuanchao did not intend to join this organization himself. If he joined this organization, how could he stir up trouble and speculate in stocks?
I feel relieved when I let my father-in-law go.

My father-in-law has only three daughters and no sons. Apart from being busy for his son-in-law and grandchildren, what selfish motives could he have?

This is also one of the reasons why Wang Yuanchao treats his father-in-law and mother-in-law more diligently than his own parents.

Of course, one of the reasons is that the couple enjoys their work and feels a sense of accomplishment.

Li Fuzhao smacked his lips. This was really hard to refuse. It would be a bit unreasonable if the president of the largest newspaper in Hong Kong was not qualified.

He had to nod and said:
"Then I'll arrange for someone to contact him, and you should also explain this to President Liu."

Wang Yuanchao said:

"That's natural.

Also, Chairman, can you please say hello to your brother? I would like to borrow more funds."

Li Fuzhao sneered and said:

"You've already borrowed so much from the Bank of East Asia, and you want to borrow more?"

Wang Yuanchao only borrowed more than 1000 million from the Bank of East Asia!

His two cash cows were constantly spewing milk, and he used the money to buy buildings and land without waiting for it to hit the ground. After buying the buildings and land, he went to the bank for mortgage loans, and after the loans came out, he bought more land, and then took out more loans after buying the land.

He wanted land in the city and in the rural areas of the New Territories. As long as the price was right, he would take almost any land.

You will never be able to buy real estate this cheap again!
Because I am going to the United States soon, I have saved millions of dollars. This means I need to rely on mortgage loans even more.

HSBC's loan limit of 50 million was never spent at all.

This is also the reason why Wang Yuanchao has been working hard to implement Starlight Pictures recently. The members of the society have contributed a lot of money, and the investment money has been received. The actual cost of making the film is only about half, and the rest is the normal profit of Starlight Pictures. As long as this part of the film is running, it will become a continuous cash cow in the future. Not to mention the box office share from the theaters, which is more convenient for money laundering than investment, and investment also requires accounting!
Shen Bi had never expected Wang Yuanchao to spend so quickly! He was so scared that he wanted to slow him down and at least let him pay the interest for a few months.

He now has a large amount of real estate and has nowhere to mortgage it.

The slow increase in housing prices every month is higher than one point of interest!
He was not going to go to the Chinese Bank of the Zhou family again, as they were limited in size and could not lend money. The main reason was that Zhou Qibang himself had borrowed a lot of money to buy at the bottom.

Instead of looking for the Zhou family’s Chinese Bank, it would be better to raise more money from the employee foundation.

(End of this chapter)