Chapter 1909 Hong Kong Stock Exchange

Xiao Qi didn't feel uneasy about Meitu sharing replacing this historical deviation.

He's already changed too many histories, and he's not bad at changing this one.

If Feng Kelun hadn't come up with this idea himself, it wouldn't be long before Xiao Qi asked Hoffman to set up a company in Silicon Valley to push it to the market.

no way.

The United States has always been the best place in the world to incubate network technology, and only in the United States can these highly creative ideas be transformed into a lot of wealth and honor.

In Europe, it can only be for self-entertainment and cannot be expanded to the world.

If it were in China, it could only be that piracy is rampant, and its influence is not even as good as that in Europe.

Now that the location of the establishment has become Hong Kong, it is not a big problem.

Because the Hong Kong market itself is very small, the electronics industry in Hong Kong aimed at the European and American markets from the very beginning... Ahem, although they have no successful cases, their goal is very clear.

Coupled with the fact that Hong Kong’s culture is a bit more western, their <顶-点>novel will not have any obstacles in English when making the Meitu sharing app, let alone the blunt problem of Chinese-English conversion.

Yes.

Feng Kelun plans to focus on the European and American markets, the second choice is the Japanese and Korean markets, and the third level is the three places in China. Although this development goal is a bit too realistic, it is still the best development choice at the current stage.

When things that are popular in foreign countries return to the Huaguo market, all kinds of phenomena will be more enthusiastic. This is a relatively helpless reality, but you have to admit that its existence has practical significance .

Historically, I didn't expect to be so successful at the beginning, so I was a little lacking in preparation. In addition, I was a little conservative and stable in the back, so I was picked up by Facebook for a big deal.

Now that Meitu Sharing is supported by Xiao Qi, there is no need to worry about financial resources at all, and Xiao Qi will not consider going public or selling shares until it develops to a certain stage.

There are so many good companies in the world, of course Xiao Qi will not occupy everything by himself. In fact, he had already planned that, except for the main businesses of the Fairy Family and the Xiaoyao Group, which should be tightly held in his hands, the rest of the companies could be exchanged for interests with others, holding shares with each other, so as to increase The influence of Fairy Company and the expansion of the chain of interests.

Taizu said, to unite the majority of people and isolate a small number of enemies, only in this way can the final victory be achieved.

Xiao Qi didn't have to unite too many people. As long as you have a good relationship with some giants in the electronics industry, you will be invincible.

Even though Xiao Qi is earning a lot of money and is the richest man in the world, there are many profitable businesses in this world, such as oil, banking, arms, mines, food, medical care, electrical appliances...etc.

So it's not your job, and others really don't have the thought to beat you to death.

Unless you want to seek death yourself and offend most people, your industry is unlikely to kill you.

it is good. The topic is off topic.

Listening to Feng Kexin's soft voice talking about his younger brother's reaction, Xiao Qi also heard the deep joy of the delicate and beautiful Jiao.wife.

When hanging up the phone. Xiao Qi came back from the terrace again, and apologized to a middle-aged man sitting on the chair.

"It's okay, Qi Shao, you are too busy." The middle-aged man said with a smile.

This middle-aged man is not simple. He is Zhou Wuyao, the CEO of Hong Kong Exchanges and Clearing.

Hong Kong Exchanges and Clearing may not be very clear to everyone, but everyone will understand its abbreviation - Hong Kong Stock Exchange!

The Hong Kong Stock Exchange is the only institution for stock securities and futures trading in Hong Kong, and it is also one of the most profitable exchanges in the world so far.

For mainland companies interested in listing in Hong Kong. Zhou Wuyao is the most important person. PetroChina, CNOOC, China Power, Lianshu, China Merchants, Everbright, China Resources... and a series of names of giants listed in Hong Kong are all related to him.

But for people like Xiao Qi who look down on the Hong Kong Stock Exchange, Zhou Wuyao is nothing.

Conversely, it was Zhou Wuyao who wanted something from Xiao Qi, so he spent all his time. I want to meet and talk with Xiao Qi.

talk about what?

Naturally, it is about the listing of Xiannv Company in Hong Kong.

To be honest, Xiao Qi was shocked when he heard Zhou Wuyao mention this matter.

Even Goldman Sachs, Merrill Lynch, JPMorgan Chase, Morgan Stanley, Citigroup, UBS... and other giants dare not come to persuade Xiao Qi to list Fairy Company, because there is no exchange in the world with such a throughput.

Without counting other things, just Fairy Company, which owns 80% of the shares of Dream Pad and all of the shares of Dream Stars, has a valuation of at least 500 billion U.S. dollars.

Calculated on the basis that the number of ordinary IPO shares accounted for 10%-15% of the total share capital, Fairy Company's IPO raised funds between 50 billion and 75 billion US dollars, setting a record for the world's largest IPO.

Such a large amount of funds is definitely not something such a small market in Hong Kong can afford. Considering that it mainly faces investors in Asia, it is very likely to cause a pitiful scene of breaking the market after listing.

However, after a few more conversations, Xiao Qi discovered that Zhou Wuyao, who was able to sit as the CEO of the Hong Kong Stock Exchange, must not be a fool. His purpose is actually the Xiaoniao.com under Fairy Company!

Isn’t it a common method in negotiation to choose an impossible goal first and then retreat to a more realistic goal?

However, even if he knew what Zhou Wuyao was thinking, Xiao Qi was not angry at all. Now that Zhou Wuyao is sitting in the position of CEO of the Hong Kong Stock Exchange, he must be thinking of his own interests.

But understanding is understanding, Xiao Qi didn't intend to give him any face.

First of all, it is impossible for the core assets of Xiannv Company to be listed. This is what Xiao Qi is doing now, and it is a necessary requirement that will be written into the family regulations in the future.

This is not Xiao Qi's idea alone, that's what Mr. Huo's Huo Xingyetang does.

The practice of paying the house payment before seeing the house that ordinary people hate is called "selling unplanned properties". This is the first initiative of Mr. Huo, and with this, he became the first generation of real estate tycoon in Hong Kong. Moreover, it has monopolized 70% of Hong Kong's real estate construction projects, 90% of the river sand supply, etc., and developed 20 years earlier than Li Chaoren!

However, Mr. Huo insisted that his Huo Xingyetang not be listed, so that the company, property, etc. in his hand did not need to be reported to the stock market regulators. As a result, others thought that his family property was only more than 30 billion Hong Kong dollars. But after his sons filed a lawsuit, it was revealed that at least the family has more than 60 billion—this is not the final figure.

A well-run non-listed company can completely make its own decisions without many, many constraints, so it is very convenient.

Moreover, companies that are not listed do not have to worry about violent fluctuations in the stock market, and do not have to worry about hostile takeovers of their core family property. This is also the best way for long-term development.

Of course, another method of Mr. Huo. That is the rule that children and grandchildren only receive bonuses, regardless of family property, which is exactly what Xiao Qi advocates.

In fact, many of Xiao Qi's distribution of family property was based on this wise old man's practice.

And the second point, although Xiaoniao.com is not the core asset of Fairy Company, it is the private property of Xiao Qi and Shen Wuyan's children. With Xiao Qi's understanding of Shen Wuyan, it is even more impossible for her to put her own The company takes it out and goes public. Especially now that Xiaoniao.com has achieved profitability with the support of various programs and various advertising revenues. It's even more impossible.

However, Xiao Qi's Fairy Guardian anti-virus software company has already decided to try it in Hong Kong, so Xiao Qi can also try to negotiate with him.

"In my opinion, the biggest shortcoming of Hong Kong's Hong Kong Stock Exchange is the 'same share, same rights' policy. This hits the founder team the hardest." Sitting down, Xiao Qi talked eloquently: "In 2004, le , so can it still develop so well today?

For example, Mr. Zhou just mentioned my little bird net. I worked hard to start a business, but I was deprived of power within two years of being listed, and then I watched them toss my hard work... If this is the case, I will definitely not agree to come to Hong Kong for listing, even if there are language and cultural differences , I will still choose the United States! "

Zhou Wuyao smiled wryly when he heard the words: "Oddly enough, many people have said this about you. But you only think about the founder team, don't you think about the shareholders who bought your stocks? Reasonably let every investor Everyone who owns it has their own legal rights, this is what our Hong Kong Stock Exchange firmly defends, and it is very difficult to change it..."

"However, it is always the group of founders I am talking about that decides where the company goes public. First, the interests of the founders are guaranteed, and then the investors will share. Even if you are not listed here, what else can you share? Benefits?" Xiao Qi spread his hands and said, "So, we have different ways and don't conspire with each other."

The policy of the Hong Kong Stock Exchange is that all stocks, regardless of type, enjoy the right of one share, one vote. If more than 51%, they dare to pull down the chairman and take the top spot themselves.

But the United States is different. Many companies, such as le, facebook, linkedin, etc., all adopt class a and b stock structures.

Class A shares are ordinary tradable shares, with 1 share and 1 vote, but Class B shares are 1 share with 2 votes, 5 votes or even 10 votes. For example, Tang Mingxiang promised Zuckerberg that he would take Class B shares and buy them himself. The next 40% of Facebook stock is just a very common Class A stock.

The most exaggerated is the social game company replaced by e, the founder Pincus adopted triple voting rights, and one share of class C stock in his hand is equal to 70 votes! Moreover, this guy actually holds all the Class C shares. Xiao Qi doesn't know why Nasdaq and investment banks agree to this voting right structure.

Alibaba, which has always wanted to create an IPO miracle in Asia, wanted to cooperate with the Hong Kong Stock Exchange so much at the beginning, but why was it not listed on the Hong Kong Stock Exchange in the end?

It is because the Hong Kong Stock Exchange rejected the dual voting rights structure proposed by Alibaba at the end of 2013. Ma Yun could only go to the United States for listing, which made the Hong Kong Stock Exchange miss the super Internet giant with a market value of more than 200 billion US dollars!

Only then will the Hong Kong Stock Exchange learn from the pain and gradually change their rigid thinking.

now...

There is no heartache, and it is really difficult for them to change!

Zhou Wuyao has a deep background in HSBC Holdings.

HSBC, an old British super-large investment group, has always been known for its conservativeness, and Zhou Wuyao also has this habit.

So no matter how much he wanted Xiao Qi to list his company in Hong Kong, he never thought of changing the rules for Xiao Qi.

But Xiao Qi doesn't care. Anyway, an old-school manager like Zhou Wuyao will be announced to resign in 2010 in 2009 because of his ineffectiveness in the financial crisis in the past two years. He will be replaced by the president of JP Morgan Asia. At that time, Xiao Qi will mainly negotiate with that person, not him.

Anyway, Xiao Qi was not in a hurry.

Before Fairy Guardian has more than 50% share of smart electronic devices, it is impossible for Xiao Qi to be listed.

Profit maximization is what a businessman should pursue.

Like Penguin, it was only a few hundred million when it was listed, but it later developed to hundreds of billions. Isn't this clear that it is cheaper for others?

Moreover, there is another point that Xiao Qi is also planning to ask the Hong Kong Stock Exchange to change the regulations that the tradable shares must reach 25%.

Bloomberg, which is owned by Mr. Bloomberg, will hold more than 90% of the stock in the future. I haven't seen Bloomberg's development is not good!

Why does it have to be so rigidly stipulated that the tradable shares are more than 25%?

Everyone wants good stocks, but they don't want to sell them. This is a normal thing!

Could it be that when someone else bought my stock, my major shareholder knew that it was going to rise, but still had to take it out without making money to maintain 25% of the circulating share?

On the other hand, aren't you going to take money out of my pocket and give it to someone else?

The founders are willing to give the wealth that is willing to share with investors.

But if it is beyond the scope of reality, it is plundering, and it does not belong to the normal cooperation and transaction category.

But if you think so, you still need strategy and patience in the specific operation.

The various stubborn habits of the Hong Kong Stock Exchange are just like the British who once influenced them. If they want to completely change their thinking, they still need a long way to go. (To be continued..)

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