Xie Liyuan Gold Shop.
Founded in 1867, its founder was Xie Zhichao.
Descended from the prominent family of Xie Liyuan in Macau.
The famous Xie Liyuan Jewelry is his family business.
This gold shop has existed in Hong Kong for a hundred years.
Relying on the Xie family's strong capital, stable operation and reliable reputation.
And the brand effect of the three big characters of the time-honored brand "Xie Liyuan".
Therefore, it has always been trusted and loved by all the people of Hong Kong.
But no one could have imagined that this famous gold shop would choose to commit suicide for the sake of profit.
In the 1970s, Xie Liyuan launched the "1000-carat gold accumulation plan."
What does it mean?
This means that all citizens only need to purchase one ounce of physical gold.
You can open an account to buy and sell gold in the store and speculate on gold according to the gold price of the day.
This model is equivalent to a securities-type investment like "paper gold" launched by banks.
Therefore, it became popular throughout Hong Kong as soon as it was launched and made a lot of money in a short period of time.
If Xie Liyuan Gold Shop had a large amount of gold reserves.
Such an operation would certainly be a great help, but Xie Liyuan Gold Shop was completely making money out of nothing.
There is neither strong gold reserves to support it nor the purchase of gold according to customer demand.
This is truly playing with fire.
When the gold market is not too volatile, you can get away with robbing Peter to pay Paul.
But the God of Destiny will not always favor Xie Liyuan Gold Shop.
1982, which is this year.
An economic crisis broke out in the United States across the ocean, and the US dollar declined.
This caused the international gold price to soar, reaching a staggering HK$1,500 per ounce.
This made Xie Liyuan Gold Shop miserable.
The only way to make money was to buy large amounts of gold on the market, but the funds were soon exhausted.
There are countless customers in Hong Kong who purchase paper gold through their accounts at Xie Liyuan Gold Shop.
When he went to exchange the gold, he instantly understood the truth of the matter and a conflict arose immediately.
September 6th, two months after Mo Zhexuan returned to Hong Kong.
This century-old store has come to an end and has become the target of curses by countless people in Hong Kong.
After the Hong Kong government took over the remaining assets of Xie Liyuan Gold Shop.
This one is located on the east and west sides of Queen's Road in Central, Hong Kong.
The three-story Daejeonpo, covering an area of nearly square feet, is being auctioned.
There is only one condition.
That is, after taking over, the company must compensate the customers who purchased gold in the Jinliyuan Gold Shop account at the original price.
This instantly deterred Hong Kong's famous tycoons and gold shop owners.
The auction started in October and is now in mid-December.
No rich man in Hong Kong would buy the century-old Jinliyuan Gold Shop because no one is a fool.
After Xie Liyuan Gold Shop went bankrupt, someone calculated that it owed Hong Kong citizens at least HK$1 billion.
Even if compensation is made according to the original price at which the customer purchased the gold, it would still cost at least HK$100 million!
So all the buyers in Hong Kong who are interested in the old shop Xie Liyuan Gold Shop.
They all chose to sit on the sidelines and watch, because they all firmly believed that the Hong Kong government would choose to auction Xie Liyuan's gold shop.
As time goes by, the Hong Kong government has no choice but to compromise under tremendous pressure.
It was announced that Xie Liyuan's gold shop would be auctioned on December 25, 1982, and the proceeds would be distributed equally among the citizens who purchased gold.
The news spread throughout Hong Kong immediately, and all the buyers who had been looking forward to Xie Liyuan Gold Shop were ecstatic.
After Mo Zhexuan learned the news, he immediately decided to take over Xie Liyuan's gold shop, which happened to have 3.66 tons of gold bricks in hand.
10:00 AM on December 25, 1982.
Luxury cars are parked outside the storefront of Xie Liyuan Gold Shop on the east and west sides of Queen's Road in Central, Hong Kong.
There were even some reporters and citizens holding banners protesting and watching.
In order to get a good price, the Hong Kong government chose Xie Liyuan Gold Shop as the auction site.
This is to allow all the wealthy people who participate in the auction to intuitively feel the superior location, large area, long history and other characteristics of Xie Liyuan Gold Shop.
Of course, not just anyone can get an admission ticket to the auction.
First, the bank deposit must be guaranteed to be tens of millions of Hong Kong dollars, and a deposit of one million must be paid, which will be refunded after the auction.
Mo Zhexuan and Guan Jiahui drove a Lamborghini Bravo to the location.
As soon as I got off the bus, I saw a middle-aged man and a young man being interviewed.
Both men were dressed in suits. The middle-aged man had a square forehead and a round chin, clear facial features and deep eyes. His every move revealed a majestic and domineering aura.
The young man was wearing a pair of glasses, his brows were full of confidence, and there was a wicked smile on the corners of his mouth.
His face is very similar to the middle-aged man's, as if they were carved from the same mold, and they can be seen at first glance as a father and son.
The middle-aged man is the chairman of the board of directors of Chow Tai Fook and New World Development, the head of the Zheng family, one of the four major families, Zheng Yutong, nicknamed "Shark Gallbladder Tong", and the young man is his youngest son Zheng Jiacheng.
"Mr. Zheng! As everyone knows, Xie Liyuan Gold Shop and Chow Tai Fook are competitors. Now that Xie Liyuan Gold Shop has closed down, I wonder how you feel?"
Li Jinyi of Sing Tao Daily asked with a smile.
"Xie Liyuan Gold Shop has a longer history than Chow Tai Fook. It has now closed down due to temporary poor management. This should serve as a warning to me. In the future, Chow Tai Fook must always proceed steadily and strive to provide customers with high-quality services and develop high-quality products."
As soon as these words were spoken, all the reporters applauded and praised Zheng Yutong's vision.
At this moment, Li Jinyi suddenly noticed Mo Zhexuan's figure. A trace of disgust immediately flashed in the depths of his eyes. He praised with a smile on his face:
"Mr. Zheng! You have a vision, and I believe that Xie Liyuan Gold Shop will definitely return to its peak under your leadership. However, I am worried about the emergence of troublemakers. If that happens, it will be difficult for you to succeed in the auction."
"Reporter Li! There's no chance of troublemakers. This time, Chow Tai Fook is determined to acquire Xie Liyuan Gold Shop."
Zheng Jiacheng expressed his opinion confidently without waiting for his father to speak.
"Mr. Zheng, you're being too absolute. I actually think that Mr. Mo Zhexuan, the recent financial genius from Hong Kong, will take over Xie Liyuan Gold Shop."
As soon as Li Jinyi finished speaking, he turned around and looked at Mo Zhexuan and the other man who were walking towards him, preparing to divert the trouble away.
After seeing Mo Zhexuan's true face, Zheng Jiacheng immediately felt a surge of anger in his heart, and he was secretly full of hatred.
Ever since Mo Zhexuan's deeds were exposed, a hurricane has blown up among the wealthy families in Hong Kong. Almost all the heads of the wealthy families are full of admiration for Mo Zhexuan, who started from scratch.
This also caused disaster for the playboys in wealthy families. Every time they made a mistake, their parents would preach to them about Mo Zhexuan. This also made the next generation of almost all wealthy families in Hong Kong have deep resentment towards Mo Zhexuan.
Continue read on readnovelmtl.com
