On 1 June, Hutchison Whampoa Ltd. was formally established and replaced the listing status of Hutchison International.

With Hutchison's solid trading foundation and strong management talents, coupled with the huge profits generated by Whampoa Properties, Hutchison Group has quickly recovered its solid foundation and has gradually become one of the largest and most extensive conglomerates in Hong Kong.

In June, Hutchison Whampoa borrowed HK$200 million from Hang Seng Bank, which quickly approved the two-year loan with Mr. Lee's guarantee.

Under Willy's leadership, Hutchison Whampoa actively privatized several of its controlled companies, and by the end of June, Whampoa no longer held shares in a listed company.

……

On June 28, Li Hualong had dinner at the Mandarin Oriental Hotel, and after dinner, he met Bao Yugang in the hotel lobby.

After greeting him, Bao Yugang asked, "I heard that your second son, Li Shengke, was admitted to Harvard Law School. Do you want him to be a lawyer in the future? ”

Li Hualong smiled and said: "No, what work my children will do in the future, they decide for themselves, and I will not interfere." ”

"You're so open-minded. Sheng Rui, and your eldest daughter, named Linqi, am I not mistaken? ”

"That's right."

"They're studying in London, are they?"

"It's good. Two days ago, I went back to Hong Kong on vacation. Brother Bao, when are you free, come to my house with your sister-in-law. ”

"Will definitely go if I have time. In a few days, let's make an appointment and have a good chat. ”

"Okay."

On the way home, Li Hualong took the initiative to chat with the bodyguards who were in the same car as him.

"Ade. I remember that I suggested you invest in some gold, did you buy it? ”

"Bought some." The bodyguard Gu Xuande replied with a smile.

"How much?"

"It cost more than 30,000 Hong Kong dollars."

"If I sell it now, will I lose money?"

"A little bit of loss."

"Don't rush to sell just yet. In the future, I will also invest money in gold, and I am very optimistic about the return of investing in gold. ”

"Oh!" Gu Xuande responded. After being silent for a while, he asked curiously, "Boss, aren't you worried that the price of gold will keep falling, or the long-term increase will be very small?" ”

"Don't worry." Li Hualong smiled, "Are you worried? ”

"A little worried. But. I feel like buying gold is better than buying stock insurance. I have heard some old people say that in those days, many listed companies in Shanghai went bankrupt due to poor management, and they invested in the shares of such companies, which would be miserable. ”

"No matter what the investment. There are risks. Let's just keep your money in the bank, if the price of goods skyrockets, and the increase is higher than the interest on bank deposits, then you will lose money. Also, there is the possibility of bankruptcy in the banking sector, which was caused by the failure of several banks in Hong Kong more than a decade ago. ”

"There is no good way for the general public to keep their money in the bank."

"Say yes." Li Hualong smiled. After a pause, he added, "But then again. People have to live and learn until they are old. No matter who you are, it is definitely beneficial to learn some knowledge of investment and financial management. ”

"Not necessarily...... Boss, I mean it from the heart, don't mind. ”

"No, it won't." Li Hualong said with a smile. He looked at Gu Xuande with a little curiosity, "Why do you say that?" ”

"Three years ago. A distant relative of mine saw someone else making money investing in stocks. He also took out a sum of money to buy stocks, and made some money at first, and later, he used the house as a mortgage to buy stocks, but he didn't think that the stocks were trapped. In order to repay the bank loan, he sold the house and now can only rent a house. If he didn't understand stocks and didn't buy them, he wouldn't have lost so much money. ”

"There's a point in what you say."

"Boss, I know that money is getting less and less valuable now, and if you don't think of more ways to make money, life will definitely get more and more difficult."

"You're happy with your current income, aren't you?"

"Satisfied, 10,000 satisfied." Gu Xuande nodded with a smile and said, "Many of my relatives and friends envy my work. ”

"It's good to be satisfied, to be content. Don't worry, I'll give you a raise every year in the future. When you are older and it is inconvenient to continue to be a bodyguard, I will arrange other jobs that are suitable for you. Hehe, maybe at that time, you will choose to retire and have enough money to retire. ”

Li Hualong has always been very generous to the bodyguards he invited to protect himself and his family, not only giving high salaries, but also giving a lot of good benefits, such as buying a house developed by his company, which has a great discount.

Li Hualong suddenly thought that there was a way to improve the loyalty of his bodyguards, and said secretly in his heart: "When my insurance company is established, I will buy life insurance for my employees, and when they are old, they will get a generous pension every month." If one of the bodyguards is found to have done something bad for me and my family, cancel their insurance. ”

……

On Sunday, July 6, after more than a year of hard work, the Hong Kong Stock Exchange completed the merger and acquisition of the Hong Kong Stock Exchange, the Gold and Silver Stock Exchange and the Kowloon Stock Exchange.

The Hong Kong Stock Exchange is the earliest stock exchange in Hong Kong, founded and managed by British, and most of the companies listed on the exchange are British-controlled enterprises.

By the end of the 1960s, Hong Kong's economy took off, and the demand for listing and fundraising by Chinese-funded enterprises increased, which led to the opening of more Chinese-owned and managed exchanges, such as the establishment of the Stock Exchange, the Gold and Silver Stock Exchange and the Kowloon Stock Exchange.

Having four exchanges in one city is rare in the world and brings administrative and regulatory difficulties.

In 1983-1984, the Hong Kong stock market plummeted, so that the Hong Kong government and some financial practitioners saw that the coexistence of the four exchanges had many drawbacks, and when in early 1985, Li Hualong proposed the merger of the four exchanges, which was supported by many people.

Because the name of the Hong Kong Stock Exchange was retained after the merger of the four exchanges, some media claimed that the Hong Kong Stock Exchange acquired the Hong Kong Stock Exchange, the Gold and Silver Stock Exchange and the Kowloon Stock Exchange, which is also true, because after the merger, the shareholders of the old Hong Kong Stock Exchange acquired a controlling stake in the new Hong Kong Stock Exchange.

Previously, Li Hualong held 35 percent of the shares of the old Hong Kong Stock Exchange, and in order to get more shares of the new Hong Kong Stock Exchange, he took out 30 million Hong Kong dollars, but despite this, his stake in the new Hong Kong Stock Exchange has shrunk to only 30 percent.

Li Hualong originally wanted to hold the shares of the Hong Kong Stock Exchange for a long time, but within a few years, the Hong Kong government did not want a single shareholder of the Stock Exchange to hold too large a proportion of shares, and it was stipulated that no individual or institution could hold more than 8 percent of the shares of the Hong Kong Stock Exchange, and Li Hualong could only retain 8 percent of the shares, transferred 15 percent of the shares to his children, and the other 7 percent of the shares were sold to the public.

Compared with Li Hualong's other investments, his investment in the Hong Kong Stock Exchange is not very profitable, but he is very satisfied with this investment, and he feels that this investment has made a certain contribution to Hong Kong's financial prosperity.

Li Huawen was originally a shareholder of the Hong Kong Stock Exchange, but he has a lot of industries under his umbrella and needs a lot of money.

Before selling the shares, Li Huawen solicited Li Hualong's opinion, and Li Hualong felt that holding shares on the United Stock Exchange for a long time would definitely be able to get good returns, and the rate of return would not be lower than the loan interest rate.

Li Huawen was interested in buying several companies, and although he could borrow money from banks, it would increase his debt ratio, and after weighing it, he chose to sell his shares in the stock exchange to cash out.

On the evening of July 6, the Hong Kong Stock Exchange Company held a grand celebratory banquet at the Mandarin Oriental Hotel, which was attended not only by the Governor of Hong Kong, but also by hundreds of Hong Kong celebrities such as Li Hualong.

After the merger, the number of shareholders of the Hong Kong Stock Exchange exceeded 100, and almost every shareholder had assets of more than 1 million.

As the largest shareholder of the new Hong Kong Stock Exchange, Li Hualong could have been the chairman of the new Hong Kong Stock Exchange if he wanted to, but he gave up, and Li Fuzhao, whom he proposed, was successfully elected chairman of the new Hong Kong Stock Exchange.

The next day, Monday, July 7, the new Hong Kong Stock Exchange, which was formed by the merger of the four associations, began to operate, and since then, the Hong Kong securities market has entered a new era.

On this day, the Hang Seng stock index rose by 9.6 percent, and after more than ten trading days, the Hang Seng stock index continued to rise.

A few days later, Li Fuzhao "repaid his kindness" to Li Hualong, and at the board of directors of the Stock Exchange, he nominated Li Hualong as the honorary chairman of the Hong Kong Stock Exchange, and every member of the board of directors except Li Hualong approved Li Hualong as the honorary chairman of the Hong Kong Stock Exchange.

Seeing that he could not resign, Li Hualong gladly accepted the post of honorary chairman of the Hong Kong Stock Exchange.

"Thank you for your love, and I will definitely contribute to the development of the Stock Exchange in the future." Li Hualong smiled and said, "I hope that the Hong Kong Stock Exchange will become a full member of the International Federation of Stock Exchanges as soon as possible." ”

Li Fuzhao took over the conversation and said: "Previously, Director Li Hualong and I talked about this idea, I think that if the Hong Kong Stock Exchange can officially become a full member of the International Federation of Stock Exchanges, it will definitely attract overseas investors to invest in the Hong Kong stock market, which is very beneficial to the Hong Kong stock market and the development of our Hong Kong Stock Exchange, and joining the International Federation of Stock Exchanges is an important work of the Stock Exchange in the future......

Through the efforts of the management of the Hong Kong Stock Exchange, in February 1977, the Stock Exchange was accepted as a full member of the International Federation of Stock Exchanges, and since then, a large number of overseas funds have poured into the Hong Kong stock market, promoting the prosperity of the Hong Kong stock market and Hong Kong's economy. (To be continued)