Rebirth 1982: Hong Kong Financial Magnate Famous Worldwide

Reborn in Hong Kong in 1982. In this year, the four major foreign trading houses were gradually declining. The top ten financial magnates and the four major families had already stepped onto the hi...

Chapter 43: The cynicism of Hong Kong's newspaper industry

After the auction of Xie Liyuan Gold Shop ended.

The news that Mo Zhexuan acquired the company for HK$80 million spread like a hurricane to every corner of Hong Kong.

Especially the news that Mo Zhexuan had a head-on confrontation with "Shark-hearted Tong" Zheng Yutong at the auction.

It has been circulated in countless versions and has aroused heated discussions among many people.

All media newspapers in Hong Kong also reported and reprinted the news crazily.

But most of the content in the newspapers was full of flattery for Zheng Yutong and ridicule for Mo Zhexuan.

Only a very small number of newspapers chose to report impartially and objectively.

The Oriental Daily News was one of the most representative newspapers that mocked and ridiculed Mo Zhexuan.

Titled "The Acquisition of Xie Liyuan's Gold Shop Was the Waterloo of the Future Financial Genius," the article stated:

"Yesterday, the auction of Xie Liyuan's gold shop, held by the Hong Kong government, came to a successful conclusion. The final winner was not one of Hong Kong's four major gold shops: Chow Tai Fook, Chow Sang Sang, Luk Fook, and Tse Sui Luen."

"It's a financial genius from outside the gold and jewelry industry, Mo Zhexuan, who recently made a whopping HK$750 million from the Hong Kong dollar crisis. This is truly astonishing."

"According to reporters at the scene, Mr. Cheng Yu-tung, Chairman of the Board of Directors of Chow Tai Fook and New World Development, and his son Mr. Cheng Kar-shing, were present at the auction at Xie Liyuan Gold Shop."

"Mr. Zheng Jiacheng was even more determined to acquire Xie Liyuan Gold Shop during the interview. However, the final result was beyond everyone's expectations. Instead, it was acquired by Mr. Mo Zhexuan, a financial genius who was not optimistic about the future."

"After we learned the news, we immediately interviewed Mr. Li Xinggui, the owner of Huijin Jewelry Store, who attended the Xie Liyuan Gold Shop auction. He said that when Mr. Zheng Jiacheng bid 6,200 Hong Kong dollars."

"All the other gold and jewelry store owners at the scene had given up. Just when everyone thought the deal was going to be done, Mr. Mo Zhexuan suddenly emerged with a bid of HK$70 million, shocking the entire crowd."

"When the price reached HK$78 million, Mr. Zheng Yutong personally tried to persuade Mo Zhexuan with kind words. He said that if he could give in, he would owe him a favor. Otherwise, if he continued to raise the price, he would withdraw."

"But Mo Zhexuan refused and offered an astronomical price of 80 million Hong Kong dollars. The two parties even agreed to a fierce competition in the gold and jewelry industry."

"I hereby assert that Mo Zhexuan will definitely pay a heavy price for his arrogance and ignorance, and Xie Liyuan Gold Shop, this century-old store, will definitely go bankrupt again."

"Mr. Cheng Yutong has been deeply involved in the gold and jewelry industry for over 40 years. After taking over the helm of Chow Tai Fook from his father-in-law, Chow Chi-yuan, he pioneered the production of products with 9 ...

"By acquiring a South African company, they secured over ten De Beers diamond rough licenses, making Chow Tai Fook the largest jeweller in Hong Kong."

"Now Mo Zhexuan actually wants to compete with Mr. Zheng Yutong in the gold and jewelry industry. This is completely overestimating his own abilities. I admit that Mo Zhexuan is indeed a true genius in the financial industry."

"But the gold and jewelry industry isn't about having money alone. A stable supply of goods is the first step to opening a gold shop, followed by a complete supply chain."

"Does Mo Zhexuan possess these qualities? Entering the gold and jewelry industry without them is tantamount to suicide. He will ultimately pay the price for his ignorance and complacency."

“.....................”

The vast majority of newspapers, represented by the Oriental Daily, were negative about Mo Zhexuan.

Ordinary people in Hong Kong are also pessimistic about Mo Zhexuan's acquisition of Xie Liyuan Gold Shop.

Some gambling venues even bet on when Xie Liyuan Gold Shop would go bankrupt.

Of course, not all newspapers are pessimistic about Mo Zhexuan's acquisition of Xie Liyuan Gold Shop.

In addition to Mo Zhexuan's own newspaper "Three Minutes of Heat", there is another well-known newspaper in Hong Kong that also expressed a different opinion.

In an article titled "The Next Big Change in the Gold and Jewelry Industry," Ming Pao founder Jin Daxia wrote:

"It's reported that the final winner of Xie Liyuan Gold Shop yesterday was Mr. Mo Zhexuan. I was quite surprised when I first heard about it, but now I'm looking forward to how Xie Liyuan Gold Shop will establish itself in the gold and jewelry industry."

"Ever since Mr. Mo Zhexuan was exposed by the media, there have been countless news reports about him, but I've never noticed any news about him living a life of debauchery and squandering money."

"You have to know that under 20, you're at the age of full vigor and vitality. To be able to keep yourself clean, what does this prove? It means you're extremely self-disciplined and single-minded."

“........................”

"The bankruptcy of the Jianing Group has caused heavy losses to countless banks and related businesses. Mr. Mo Zhexuan actually chose to go all out and short sell. You can say you have inside information."

"But then he was able to spot the Hong Kong dollar crisis. How do you explain this? It shows that Mr. Mo Zhexuan has an extremely sharp vision and can see things that ordinary people can't."

"This time Mo Zhexuan enters the gold and jewelry industry, I think there will definitely be a big move. Don't treat others as fools. Sometimes you think others are fools, but in fact you are the fool."

“........................”

The Ming Pao report also influenced some people.

Especially among the younger generation, it was widely spread and praised, and countless fans of Mo Zhexuan told each other.

They all decided to wait until Xie Liyuan Gold Shop reopened before giving their full support.

At this time, he was in an office in Xie Liyuan Gold Shop.

Mo Zhexuan was sitting in his office chair, leisurely reading the news from major newspapers in Hong Kong.

I was not at all surprised by the ridicule and sneer from all the newspapers.

Ming Pao's Jin Daxia actually supported me so clearly. It seems that the last interview had already deeply conquered the heart of this veteran.

The company has already made a complete plan for the opening of the gold shop. It has found an international agency to register a Greinke Gold Jewelry Company in the Cayman Islands.

At the same time, they spent a lot of money to find a professional company agency to hide all the company information about Greinke Gold Jewelry Company. It was difficult to find out that it was a shell company without careful investigation.

Just as Mo Zhexuan was about to go to Wantai Securities to raise funds to short-sell the stocks of these gold and jewelry companies in the short term, he suddenly received a call from Li Wei, the general manager of Xiangwei Duck, and was immediately furious.