My Big Brother Is the Governor of Hong Kong!
Having witnessed immense wealth and handled vast sums of gold, Luo Zhuankun, who could still be so frugal, spent several days at the stock exchange familiarizing himself with the trading rules of the Hong Kong stock market, which led him to his opportunity.
The official language of the Hong Kong Stock Exchange is English, and all data and information within the exchange are also in English. Of the sixty licensed brokers, nearly fifty are Britain. In the eyes of many traditional China person, the Hong Kong stock market is almost synonymous with a scam where people swindle money. Not to mention that ordinary people can't afford to buy stocks, even many wealthy traditional Chinese businessmen keep their distance from the Britain- controlled stock market. The Hong Kong Stock Exchange seems to operate more like a small circle of Britain in Hong Kong.
After the outbreak of the Korean War, the Hong Kong stock market was in dire straits, and licensed brokers could not earn any commissions. Coupled with a pessimistic outlook on Hong Kong's future, in 1950, when the annual turnover of the stock market was only Hong Kong dollars 60 million, more than 20 out of 60 licensed brokers were Britain and chose to return to the London Stock Exchange. At that time, the transfer fee for a Hong Kong Securities and Stock Exchange license was as high as Hong Kong dollars 100,000 after the war, but now it could be sold for Hong Kong dollars 20,000 and no one would take a bid.
Luo Zhuankun didn't have the money to buy a license, but he took out Hong Kong dollars 1,500 and found a licensed stockbroker that was about to close down. He offered to rent the license for one month for Hong Kong dollars 1,500. During this month, he would enter the exchange under the name of the other securities company's trader. However, he would keep 70% of the commission for this month and only give 30% to the licensed broker.
The Foreign Devil was originally planning to temporarily close his shop and return to London for a break due to the dismal market. Now that Luo Zhuankun wanted to rent his license, he had almost no reason to refuse, because at that time the Hong Kong stock market had fallen so low that some licensed brokers with low profiles and small scales could not even earn Hong Kong dollars 1,500 in commissions per month.
In Song Tianyao's previous life, such a thing would have been completely impossible, but in Hong Kong at that time, when the stock market was depressed, Luo Zhuankun managed to do this absurd thing.
Holding Foreign Devil Britain license, he entered the trading floor, not rushing to develop clients to buy stocks and earn commissions. Instead, he used his license to collect daily stock information from the trading floor, translating it from English to Chinese. For half a month, he did this every day, from the time the exchange opened until it closed in the afternoon. Luo Zhuankun brought his own food and, except for going to the toilet, almost never left his desk. He never touched the phone used to contact clients in the trading floor. Only after he had a thick stack of manually translated stock information for half a month did he use his remaining three hundred dollars to buy a new outfit, a briefcase, and head straight to the Shanghai people community in Kowloon Tsim Sha Tsui.
Compared to traditional Hong Kong, most Shanghai people went to Hong Kong were very interested in securities and stocks. Moreover, these Shanghai people had a high opinion of themselves, believing that they were more intelligent, insightful, and efficient than the Guangdong people in Hong Kong. In the eyes of Shanghai people, the local Hong Kong were unsophisticated outsiders. These people who went to Hong Kong were almost all people who had been through the ups and downs of Shanghai Bund in the past. And Shanghai was indeed more internationalized in terms of commerce than Hong Kong at that time. Stocks, securities, futures and all that, these Shanghai people had already seen before they went to Hong Kong.
Most importantly, these Shanghai people all have plenty of spare cash.
With the Embargo Order over Hong Kong and the situation remaining unclear, many Shanghai people have savings they can't spend.
Previously, some securities firms sent Chinese traders to areas with large Shanghai people populations to find clients, but they were often local Hong Kong. The moment the traders opened their mouths to speak Cantonese, the Shanghai people immediately dismissed them. "You little punk from a small town, you think you can teach me how to trade stocks? Are you out of your mind? When we were trading stocks in Shanghai, you were fishing barefoot in the sea, without even a pair of shoes!"
Luo Zhuankun filled the gap perfectly. He spoke fluent Shanghai, which made the wealthy Shanghai living in Hong Kong feel at ease. In addition, having followed Wang Yuanxi, Luo Zhuankun had seen the world and could talk about the Shanghai Bund. They would usually chat for a few minutes first, and then hand over the stock information he had personally translated, recommending a few stocks that were relatively active recently. He wouldn't make empty promises like how much he would invest and how much he would immediately double his money. He would just say a few words about recommending a certain stock to hold for one or two weeks, which should earn his concubine a pearl necklace.
With his expertise in analyzing and translating stock data, coupled with his understanding of Shanghai people, Luo Zhuankun surprisingly became a secondhand broker. Although no real Shanghai tycoons paid him any attention, his clients were mostly people who would give him tens of thousands of yuan at most, and as little as a thousand or two thousand yuan to help him earn some small profits. The commission per client was low, but there were enough Shanghai people, so Luo Zhuankun actually managed to earn enough to cover the cost of renting his license, and even had a small portion of his income to improve his living conditions.
Until he met Song Tianyao again.
Song Tianyao bought seven exchange-issued membership licenses, one of which, Wealth-Through Securities, was managed by Luo Zhuankun.
This bearded man with wolf-like features had four long conversations with Song Tianyao, who had started as a secretary but had now risen rapidly to prominence and amassed a huge amount of cash. These conversations were so numerous that they could be described as all-night talks.
He knew what Song Tianyao wanted, and Song Tianyao also knew what he wanted.
Song Tianyao planned to secretly accumulate shares of Xizhen Properties while simultaneously publishing a stock index in the newspaper. This index would serve as a guiding light for retail investors in the stock market, complementing his acquisition of Xizhen Properties shares and allowing him to cover his tracks if necessary.
Luo Zhuankun wanted to become the customizer of Hong Kong stock indices. In the Gold and Silver Exchange, Wang Yuanxi lost tens of thousands of taels of gold, ruined his family, and became destitute on the streets. This time, he barely survived by earning commissions in the Hong Kong stock market, but he did not want to be driven out of the country by the locals again and end up starving and destitute on the streets.
A cunning jackal with a knife hidden in its back, waiting for an opportunity to strike, and a lone wolf enduring hunger and thirst to rejoin the battle—they hit it off and conspired against each other.
Chapter 305 My Big Brother is the Governor of Hong Kong!