Chapter 10 Opening a Hong Kong Stock Account

Ridwan is a typical Anglo-Saxon, and now he is also the general manager of the Central branch of Huifeng Bank. He has just arrived at the general manager's office of the company.

There was a knock on the door.

"What's the matter?"

"General Manager, a very important customer just came. He has a check of 15.5 million from our bank and hopes to deposit this money in Huifeng Bank."

15.5 million Hong Kong dollars?

This is indeed a very important big customer of the bank.

For banks, deposits are the most important, especially for big customers with deposits of millions or tens of millions.

Ridwan hurriedly got up and followed to the VIP room.

There was a middle-aged woman in the VIP room, and there was a young man sitting in a wheelchair next to her.

"Hello, I am the general manager here, Ridwan. May I ask if you want to deposit money in our bank?" Ridwan asked Yang Ming and the others in not very fluent Cantonese.

"Hello, my name is Yang Ming, this is my mother Li Yufang, I do have some money that I want to deposit in Huifeng Bank. But I want to open a new account."

Yang Ming took out the check, and Ridwan knew it was a real check as soon as he saw it.

This check was from the Hong Kong Jockey Club, and he guessed that this young man had just won the jackpot at the Hong Kong Jockey Club.

Huifeng Bank has always been one of the main banks cooperating with the Jockey Club.

"Mr. Yang, no problem."

When Yang Ming took out his ID card, Ridwan called someone over and personally handled a new account for Yang Ming.

Yang Ming knew that this was just the first step in his plan.

"Mr. Ridwan, I plan 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 someone to bring the staff from Huifeng Securities Company over.

Yang Ming saw a young white woman in her twenties, tall and blonde.

"Hello, Mr. Yang. My name is Kayla. I am the account manager of the securities company here. Are you the one who wants to open an account?"

"Yes."

Just now, Ridwan had told Kayla that this young man had just deposited 15.5 million Hong Kong dollars in their bank.

This is a very important big customer.

As for whether Yang Ming uses this money to speculate in stocks or do other things, that is the customer's business.

Huifeng Securities Company is originally one of the largest securities companies in Hong Kong. It is normal for Yang Ming to open an account in Huifeng Securities Company to speculate in stocks.

Now Huifeng Bank has opened a new account for him. Yang Ming's 15.5 million Hong Kong dollars will be directly deposited into the new bank account after the check is exchanged. This means that Yang Ming is already a multi-millionaire in Hong Kong.

Then, Miss Kayla personally opened a stock trading account for Yang Ming in the securities company.

This account can be used in the four major exchanges in Hong Kong,

Hong Kong Stock Exchange, Far East Stock Exchange, Gold and Silver Stock Exchange, Kowloon Stock Exchange, Yang Ming can enter the Hong Kong stock market through this account of Huifeng Bank.

Due to historical reasons, there is not only one stock exchange in Hong Kong now, but four, and there are already hundreds of listed companies in Hong Kong.

However, the Hong Kong stock market trading is not as hot as it was in the 1980s or even the 1990s.

Li Yufang was stunned.

At first, Li Yufang thought that her son got the check and came to Huifeng Bank to deposit the money into the account. She never thought that Yang Ming would actually invest in stocks now.

Speaking of investing in stocks, Li Yufang knew about it in the 1960s. However, she and her husband Yang Jirong have never encountered it, mainly because they think that making money by investing in stocks is too unreal, and it feels like winning the lottery.

If you are lucky, you can win money, but if you are unlucky, you may even lose the principal.

"Peter, do you really want to invest in stocks?" Li Yufang asked on the side.

"Mommy, yes, I will enter the Hong Kong stock market in a while."

The trading time of the Hong Kong stock market is 9:30 in the morning.

At this time, it is almost ten o'clock, and it has been half an hour since leaving the city.

However, Yang Ming is not in a hurry.

"Peter, this stock market 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 the car outside. He was going to come in and wait for the two to finish their business. After sending Yang Ming and Li Yufang home, he would go to the electric fan factory to work.

Who would have thought that he would soon learn that Yang Ming was going to enter the stock market after just coming in.

Yang Jirong naturally knew that stock market speculation was very risky, and he would win less and lose more.

Moreover, in this era, the bankers like to manipulate the stock market to make money from the leeks.

Yang Jirong is really not familiar with the stock market, because he has been engaged in industry and is really not familiar with finance.

Yang Jirong is even more curious.

Originally, he wanted to go to Honghui Electric Fan Factory immediately, but now looking at his son's appearance, he would just take a look here.

Last night, Yang Ming had 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 last night.

Unexpectedly, his son would actually invest in stocks now.

Yang Jirong felt that his son had studied abroad and read more books than he did, so perhaps he could be different.

Kayla personally handled a new stock exchange account for Yang Ming.

During this period, except for some contracts about risk books that were brought 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 Hong Kong 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 Hong Kong stock market trading is the same as that in Europe and the United States, which is T+O trading, that is, buying and selling at any time, and there is no restriction on trading at all, but frequent trading will affect the relevant expenses of customers.

The transaction commission of Huifeng Stock Exchange is about 0.03%. If the transaction amount is large, you can also negotiate with the company to negotiate a lower commission.

When Kayla handed 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 on the trading working day. Of course, you can trade here, or you can ask us to trade by phone."

In this era, there are already computers, but computers are not often used and are not very convenient. As for mobile phones, they have not appeared yet.

The most convenient way now is of course the landline phone, which allows you to talk to relevant personnel.

In addition, you can go to the business hall of the securities company to trade stocks.

Like what stocks you want to buy, how many stocks to buy, or when you want to sell stocks, or how many stocks to sell, the staff of the securities company will help you trade.