Chapter 116 Massage
Lu Yiming patted Li Yiwen on the shoulder and said earnestly, "Young man, calm down and don't be so nervous. We have sufficient funds now. It is too risky to let others do the trading. Besides, we have to pay an extra bridge fee. Why bother? I have decided to set up a fund company. Then I can happily harvest leeks from all over the world in the stock and futures markets."
Through this short selling of the ruble, Lu Yiming believes that although the financial industry is high-risk, it has great potential.
The key is that he has the most accurate "intelligence" and can predict the results of various major events in advance. If he has his own fund company, he will be able to convert all high-value information into profits.
It’s a wonderful idea to reap profits through the financial industry and then invest the money earned into real industry!
"Establishing a fund company?"
Li Yiwen was obviously knowledgeable. He shook his head at Lu Yiming's fantastic idea and said , "It's not that easy to set up a fund company."
"Take Hong Kong as an example. As one of the three major international financial centers, the financial industry is very developed and open to the outside world, but there are still entry barriers."
"For example, in Hong Kong, the Taxation and Supervision Commission manages ten types of licenses for financial licenses, and each type of license corresponds to a business. To engage in the corresponding business, you must obtain the corresponding license."
"If you want to apply for a financial license in Hong Kong, you must meet various conditions. It is not so easy to get it. Even if you get it, it is unknown whether you can open up a market in the fierce market competition. I think you should stop wasting your energy."
Lu Yiming turned a deaf ear to Li Yiwen's dissuasion and asked instead: "What are the conditions for applying for a license?"
Seeing that he would not listen to his advice, Li Yiwen felt helpless and could only spread his hands: "How should I know? I have never done it before."
Zheng Zhiguang, who was driving, saw that he was talking about his professional field and quickly offered his experience: "I know. For example, for license plates No. 1, 4, and 9, which are more popular, these conditions need to be met."
“First, it must be a limited company incorporated in Hong Kong or a non-Hong Kong company registered with the Registrar.”
"Secondly, the company must have an actual office address in Hong Kong, and it must be at least a Grade A office building."
“Third, there is an experienced management team to assist in operating the company, business framework, internal control system and qualified responsible personnel (ROs).”
"It is also necessary to have two licensees. The SFC does not have any restrictions or special regulations on the nationality of the licensed individuals and responsible officers. It is required that at least one responsible officer must be based in Hong Kong to directly supervise the relevant business. And at least one responsible officer in the company must be a member of the board of directors."
"In terms of capital, the registered capital must not be less than HK$5 million; the paid-in capital and liquid capital must always be no less than HK$3 million. An account must be opened in a bank in Hong Kong."
After listening to this, Lu Yiming suddenly felt a little overwhelmed: "That's quite a lot of requirements..."
Li Yiwen thought he had given up, so he smiled and said, "What do you think? So..."
Lu Yiming's eyes were firm and he was determined: "So we still have to do it. After all, if I want to do any more projects in the future, I will need a huge amount of financial support."
The smile on Li Yiwen's face suddenly froze.
Lu Yiming thought about it and made a decision: "Why not just acquire a fund company that is about to go bankrupt? Anyway, Hong Kong has also been hit by the Asian financial crisis, and there should be many unlucky people. Lao Zheng, if I just acquire a fund company, I can skip these previous procedures, right?"
Zheng Zhiguang nodded quickly: "Yes."
Lu Yiming smiled immediately: "That's good. Look , isn't the problem solved? Old Zheng, you see, we have solved such a big problem, shouldn't we go to Longjingxuan for a meal to celebrate? And since I'm coming to Hong Kong, you have to welcome me, right?"
Zheng Zhiguang shuddered all over and almost drove the car into the sea.
My goodness, this guy is really more stingy the richer he is. He always asks me to treat him. It's not like you can't afford it yourself, so why would you take advantage of me alone?
Lu Yiming asked in confusion: "Old Zheng, why are you silent? Are you in trouble?"
Zheng Zhiguang complained crazily in his heart: You are my fucking trouble!
"Well, I may not be feeling well. How about you guys go and eat..."
After hearing this, Lu Yiming couldn't help but sigh, and suddenly felt a little regretful: "Hey, you are not feeling well, that's really a pity. I was planning to ask you to help me find out if there are any fund companies that I can acquire. Since you are not feeling well, forget it."
Upon hearing that there was business, and a very profitable one at that, Zheng Zhiguang quickly changed his tone: "It's okay, it's okay. I probably ate too much this morning and it's indigestion. I'll be fine after going to the toilet ."
Lu Yiming advised hypocritically: "Don't force yourself, your health is more important."
Zheng Zhiguang said hurriedly: "Don't force it, don't force it."
Lu Yiming nodded with satisfaction: "That's good."
Although it is quite difficult for financial companies from the mainland to apply for a license in Hong Kong, in Hong Kong, especially financial companies with foreign backgrounds, as long as they are of a good scale and have complete procedures, almost every company has a complete set of financial licenses and can engage in various financial activities.
However, considering the recent bankruptcy rate of financial companies across Asia, now is indeed the best time to enter the market.
Soros and other international hot money from Wall Street swept the world. They first tried their hand at shorting the British pound, and then began to deploy in Southeast Asia and carry out a crazy sweep.
Finance is a true zero-sum game. When some people make money, others naturally lose a lot of money. In Asia, a large number of fund companies that originally managed tens of millions or hundreds of millions of dollars declared bankruptcy.
As long as you have money, there are plenty of such resources.
Seeing Lu Yiming's happy expression, Zheng Zhiguang couldn't help but shook his head slightly.
He felt that Lu Yiming was still too young and had no idea what kind of troubles he would face if he acquired a fund company that was about to go bankrupt.
If a fund company has fallen to the point of being sold or transferred, it must be in debt!
There is no accurate estimate for debts of millions or tens of millions!
If you buy this company, it means you will also have to take on these debts!
With Zheng Zhiguang's network of connections, it was not difficult to find bankrupt fund companies. He could earn hundreds of thousands of dollars by making a few phone calls, so how could he miss such a business?
Not to mention that if you acquire a fund company and operate it well, you can get kickbacks from both ends and make a few million easily.
"Mr. Lu, after you finish eating at Long Jing Xuan, do you want to go for a massage? I'll treat you!"
