Chapter 10 Opening a Hong Kong Stock Account
Ridman is a typical Anglo-Saxon and is now the general manager of Huifeng Bank Central Branch. He has just arrived in the company's general manager's office not long ago.
There was a knock on the door.
"what's up?"
"General manager, a very important customer has just arrived. He has a check of 1550 million from our bank and hopes to deposit the money in Huifeng Bank."
1550 million Hong Kong dollars?
This is indeed a very important customer of the bank.
For banks, deposits are the most important, especially for large customers with deposits of millions or tens of millions.
Li Dewan got up in a hurry and followed him to the VIP room.
I saw a middle-aged woman in the VIP room, and a young man in a wheelchair next to her.
"Hello, I am Ridwan, the general manager here. Do you want to make a deposit in our bank?" Ridwan asked Yang Ming in not very fluent Cantonese.
"Hello, my name is Yang Ming, and this is my mother Li Yufang. I do have some money that I want to deposit in Huifeng Bank. However, I want to open a new account."
Yang Ming took out the check. If Reed looked at it, he would know it was a real check.
This check was from the Hong Kong Jockey Club. It was guessed that the young man had just won the jackpot at the Hong Kong Jockey Club.
Huifeng Bank has always been one of the major banks that the Jockey Club cooperates with.
"Mr. Yang, there is no problem."
When Yang Ming took out his ID card, Ridwan called someone over and personally opened a new account for Yang Ming.
Yang Ming knew that this was only the first step in his plan.
"Mr. Ridwan, I am going to open an account at Huifeng's securities company to trade stocks. Can you open an account here?"
"Yes, we have staff from Huifeng Securities Branch here."
Ridwan called again to fetch the staff from Huifeng Securities Company.
Yang Ming saw a young white woman in her twenties, tall and with blond hair.
"Hello, Mr. Yang, my name is Kayla. I am the account manager of the securities company here. Do you want to open an account?"
"good."
Just now, Ridwan had already told Kayla that this young man had just deposited 1550 million Hong Kong dollars in their bank.
This is a very important customer.
As for whether Yang Ming uses the money for stock trading or other purposes, that is the client's business.
Huifeng Securities Company was originally one of the largest securities companies in Hong Kong. It was normal for Yang Ming to open an account at Huifeng Securities Company to trade stocks.
Now Huifeng Bank opened a new account for him first. Yang Ming's 1550 million Hong Kong dollars were directly deposited into the new bank account after the check was exchanged. This means that Yang Ming is already a multi-millionaire in Hong Kong. .
Then, Miss Kayla personally opened a stock market trading account for Yang Ming in a securities company.
This account can be held at the four major exchanges in Hong Kong,
The Hong Kong Stock Exchange, the Far East Stock Exchange, the Gold and Silver Stock Exchange, and the Kowloon Stock Exchange, Yang Ming can all enter the Hong Kong stock market through the Huifeng Bank account.
Due to historical reasons, there is now not only one exchange in Xiangjiang, but four, and there are now hundreds of listed companies in Xiangjiang.
However, at this time, Hong Kong stock market trading was not as popular as it was in the 1980s or even the 1990s.
Li Yufang was stunned on the side.
At first, Li Yufang thought that her son had gotten the check, came to Huifeng Bank, and deposited the money into the account. Who would have thought that now Yang Ming actually wanted to trade in stocks.
When it comes to stock trading, Li Yufang knew it in the 1960s. However, she and her husband Yang Jirong have never encountered it, mainly because they feel that making money by stock trading is too unreal, and it feels like winning a lottery.
If you are lucky, you can win money, but if you are not lucky, you may even lose your principal.
"Peter, do you really want to trade stocks?" Li Yufang asked from the side.
"Mommy, yes, I will enter the Xiangjiang stock market soon."
The Hong Kong stock market trading time opens at 9:30 am.
At this time, it was almost ten o'clock, half an hour after leaving the city.
However, Yang Ming was not in a hurry.
"Peter, this stock trading is too risky." Li Yufang said.
"Mommy, don't worry, just watch."
Li Yufang still couldn't believe it.
At this time, Yang Jirong had parked his car outside. He was going to come in and wait for the two of them to do something good. After sending Yang Ming and Li Yufang home, he would go to work at the electric fan factory.
Who would have expected that as soon as I came in, I would soon learn that Yang Ming was going to enter the stock market.
Yang Jirong naturally also knows that stock trading is very risky, and you win less and lose more.
Moreover, in this era, bankers like to manipulate the stock market to make money.
Yang Jirong is really not familiar with the stock market because he has been engaged in real estate and is not familiar with finance.
Yang Jirong became even more curious.
Originally, I wanted to go to the Honghui Electric Fan Factory immediately, but now that I saw my son's appearance, I decided to stop here and take a look.
Last night, Yang Ming had already told him that he would use the money to start a business.
How to start a business specifically?
What he was going to do, Yang Ming didn't say anything last night.
Unexpectedly, my son now wants to trade in stocks.
Yang Jirong felt that after all, his son had drank foreign ink and read more books than him, so maybe it might be different.
Kayla personally handled Yang Ming's new stock exchange account.
During this period, except for some contracts about risk documents that were brought over to Yang Ming for signature, and Yang Ming confirmed that there were no problems, there was nothing else.
10:15 am.
Yang Ming's stock exchange account in Xiangjiang has been opened.
Yang Ming can directly transfer the money deposited in Huifeng Bank to the trading account of the stock exchange, because the current stock market trading in Xiangjiang is a T+O transaction like that in Europe and the United States, that is to say, you can buy and sell at any time. There are no restrictions on transactions at all, but frequent transactions will affect customers' related costs.
The current trading commission of Huifeng Stock Exchange is about three thousandths. If the transaction volume is large, you can negotiate with the company to negotiate a lower commission.
When Kayla handed over the account of Huifeng Securities Company to Yang Ming, she said: "Mr. Yang, there is no problem with your account. You can trade at any time during the trading working day. Of course, you can trade with us, or you can Call us to do the transaction.”
In this day and age, computers have long been available, but they are not commonly used and are not very convenient. As for mobile phones, they have not yet appeared.
The most convenient thing now is naturally the landline phone, through which you can call relevant personnel.
In addition, that is to go to the business hall of a securities company to trade stocks.
For example, what stocks you want to buy, how many stocks you want to buy, or when you want to sell stocks, or how many stocks you want to sell, the staff of the securities company will help with the transaction.