Chapter 1072 The Godfather of Hong Kong Stock Market!

Tasin and the Empire Group cabinet discussed cooperation.

That afternoon.

After get off work, Yang Ming, Yingla and Alina took a car back to the Repulse Bay Mid-Levels Villa.

Just got back there.

Lin Dezhong came over and said, "Boss, Mr. Li Fuzhao, chairman of the Hong Kong United Stock Exchange, is here to visit you."

Li Fuzhao?

Yang Ming naturally knew.

He is a member of the Li family.

Not only is he the youngest son of Li Guanchun, he has connections with Chinese Land and Dongya Bank. Most importantly, the other party has always been a very important representative of the Hong Kong Stock Exchange and the financial industry.

In 1969, the Far East Stock Exchange was established under the leadership of Li Fuzhao.

Historically, Li Jiacheng's Changkang Industrial was listed on this exchange in November 1972.

By the early 1980s, the Far East Exchange became the exchange with the largest transaction volume among the four exchanges in Hong Kong, with a daily transaction volume of up to 100 to 200 million Hong Kong dollars.

On March 27, 1986, 57-year-old Li Fuzhao, together with financial professionals, merged the Hong Kong Stock Exchange and the Far East Exchange, as well as the Gold and Silver Exchange and the Kowloon Exchange, into the Hong Kong United Exchange.

Since then, the Hong Kong Stock Exchange has become the only institution in Hong Kong that has the right to approve company listing applications, and Li Fuzhao served as the first chairman of the Hong Kong Stock Exchange.

In 1987, the global stock market crash occurred. The Hong Kong Stock Exchange announced an unprecedented four-day suspension of trading, becoming the only stock market to suspend trading during the stock market crash.

As the chairman of the Hong Kong Stock Exchange, Li Fuzhao was criticized at the time.

Many participants were impressed by Li Fuzhao, who was irritable at the time.

It is said that an Australian reporter asked questions at the time, suspecting that Li Fuzhao's order to suspend trading involved personal interests.

At that time, Li Fuzhao pointed his index finger at the reporter, smashed his fist on the table, and claimed that the reporter was maliciously slandering and would issue a court summons to the reporter.

In the end, the reporter was taken away from the venue. After this incident, Li Fuzhao was criticized by Western media. At the end of the same year, the Hong Kong Stock Exchange was re-elected, and Li Fuzhao only served as vice chairman.

After the resumption of trading, the Hong Kong stock market fell by one-third that day, which added more controversy to Li Fuzhao's order to close the stock market at that time.

In the second year of his tenure as vice chairman of the Hong Kong Stock Exchange, ICAC arrived at Li Fuzhao's residence on Shouson Hill Road at 6 a.m. and arrested him on suspicion of accepting bribes when approving listing applications.

Subsequently, the manager of the listing department of the Hong Kong Stock Exchange and another person involved in the case were also arrested.

In 1990, Li Fuzhao was sentenced to 4 years in prison, but was later reduced to a commutation due to good behavior. He served a total of 32 months in prison. Regarding this arrest, Li Fuzhao never made it clear whether he was corrupt, but only said that it was due to other factors, and said: "There are many things I don't want to tell the public."

This move once caused criticism from the public, believing that ICAC should not disclose the identity of the arrested person before formally filing a case. Li Fuzhao was 65 years old when he was released from prison.

He then moved to Siam and lived a retired life.

Until later, he died of cancer recurrence in Queen Mary Hospital in Hong Kong at the age of 86.

Li Fuzhao knew the Empire Group and Sir Yang, but he didn't know that Yang Ming knew Li Fuzhao very well.

Li Fuzhao was known as the godfather of Hong Kong's stock market.

Before him, Hu Hanfei was known as the financial king of Hong Kong.

These two people played a very important role in Hong Kong's stock market and finance.

Originally, Yang Ming and Li Fuzhao didn't have many intersections.

After all, in addition to speculating in stocks, the Empire Group's series of acquisitions were all normal and legal acquisitions.

However, last year, the Empire Group suddenly acquired Liu Lianxiong's Aimego Company and Chinese Estates. At that time, Li Fuzhao sold all his shares in Chinese Estates and his friends' shares in Chinese Estates directly to the Empire Group.

Because in Li Fuzhao's view, since the Empire Group has set its sights on Chinese Estates, neither the Li family nor the Feng family is a company of the Empire Group.

In that case, Wei Li came forward on behalf of the Empire Group and easily swallowed up Chinese Estates.

Of course, Li Fuzhao sold the shares of Chinese Estates so easily, mainly because of family conflicts, and on the other hand, he also wanted to please Sir Yang.

After all, Li Fuzhao was aiming at the Hong Kong Stock Exchange, not the Chinese Estates of the Li and Feng families.

However, it must be said that Li Fuzhao was also very lucky.

On July 30, 1985, Hong Kong financial tycoon Hu Hanfei passed away. As the vice chairman of the Hong Kong United Stock Exchange Transition Committee, he just took over the position of chairman Hu Hanfei.

As for this time he came to visit Sir Yang in person.

It was related to the Hong Kong United Stock Exchange and Sir Yang.

When Yang Ming came to the garden.

He saw an old man in his fifties wearing a suit, a little thin, but he looked very shrewd.

It was the founder of the Far East Stock Exchange in history and the current chairman of the Hong Kong United Stock Exchange.

"Hello, Sir Yang."

"Hello, Chairman Li."

The two sides shook hands.

This was Li Fuzhao's first visit to the Repulse Bay Mid-Levels Villa.

Of course, Li Fuzhao knew that when he first took the position of chairman of the Hong Kong United Stock Exchange, he should have visited Sir Yang.

Although Li Fuzhao knew that Sir Yang did not interfere in the affairs of the United Stock Exchange.

However, the Empire Group was too strong.

At this time, most of the companies listed in Hong Kong were controlled by the Empire Group.

Some were even major shareholders.

Except for Swire, the four major foreign companies, Hutchison Whampoa, Jardine Land, Wheelock, and even Wharf Holdings are all controlled by the Empire Group.

In addition, there are many British and Chinese listed companies that were also controlled by the Empire Group during the last crisis in Hong Kong, including the Chinese banking crisis, the Hong Kong real estate crisis, and the Hong Kong stock market crisis.

Historically, many Chinese listed companies followed the British companies such as Jardine Land to move their headquarters to Bermuda or London.

However, this time they were directly acquired or controlled by the Empire Group, so naturally there was no chance to move away. Their headquarters are still in Hong Kong, and their main business is also in Hong Kong.

It is precisely because of that.

Li Fuzhao knew that when he was the chairman of the Hong Kong United Stock Exchange, he should come to see Sir Yang immediately.

"Sir Yang, I should come to see you in August."

"Chairman Li, it's not too late for you to come now."

The two of them would not talk about their business here.

However, it was already dinner time.

Yang Ming and Li Fuzhao had dinner first.

Then he went up to the study on the third floor.

Li Fuzhao looked at Sir Yang's study with some curiosity. He guessed that the headquarters of Empire Group's several large-scale acquisitions should be here.

And this time Li Fuzhao came to see Yang Ming, not just for a simple visit.

Because some time ago.

Empire Group established a supercomputer software company in Silicon Valley, and plans to list it in New York and Hong Kong at the same time.

What does this mean?

Li Fuzhao is also very clear.

Now the Windows system under the supercomputer software company is selling well all over the world, and the profit is getting higher and higher. If it is listed on the Hong Kong Stock Exchange at the same time, it will be completely different.

Chapter 3!

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