Chapter 5 Entering the Hong Kong Stock Market



"Feel sorry!"

Mo Zhexuan said something, greeted Liu Zhi, and prepared to leave the trading room and go to the hall outside to check out the stock brokers of other securities companies.

Before leaving the trading room, my attention was attracted by a figure.

I saw a man wearing a slightly shabby jacket, who was patiently telling the customer on the phone about his judgment of the Jianing Group and persuading the customer to choose the Jianing Group carefully.

"Manager Liu, is that also a stockbroker from your Hang Seng Bank Securities Department?"

"Yes! I'll go and ask him to come over right away."

Liu Zhi was immediately delighted when he heard this. He had thought that this trip was in vain, but now that the situation had taken a turn for the better, he dared not delay.

"Mr. Mo! Hello, my name is Wang Pengfei. I've only been in the stock brokerage industry for three months, so I'm inexperienced. I hope you don't mind."

Wang Pengfei looked sincere, and this was what he said to every potential customer he met.

Although he was rejected by many people due to his lack of experience, he did not care because this was his principle in doing things.

"It's okay. No one is born with experience. We can sign the agency contract now."

Mo Zhexuan chuckled when he heard this. He admired such honest people, as this represented a responsible attitude towards customers.

"Ah! I'll go prepare the contract right away."

Wang Pengfei was surprised. It was the first time he met a customer who didn't ask about his grades, so he immediately went to sign the contract.

Li Hanliang, who was standing by, was very jealous after seeing this and mocked:

"Mr. Mo! You'd better choose carefully! Wang Pengfei has been here for three months, but he hasn't made any progress. Instead, he caused losses to the clients. Now he's almost become a rat crossing the street."

"Then you won't have to worry about it."

Mo Zhexuan responded coldly, then turned and walked to Wang Pengfei's desk to sign the contract.

After waiting for a while, he carefully looked at the drafted contract.

It was found that the economic commission was 0.25% of the transaction amount, which is 0.25%.

The stamp duty is 0.03%, or 0.3%.

The transaction fee is 0.25 per thousand, which is 0.025%.

Then he signed his name.

Many people think that an exchange is a place specifically for selling stocks, which is actually a misunderstanding.

The exchange is the place where brokerage members conduct stock transactions, and only members can enter to trade.

Therefore, if ordinary people want to invest in the stock market, they can only do so through a stock broker.

In Hong Kong, there are countless securities departments of banks and securities companies, and many people believe that these are also exchanges.

In fact, they are just agents of economic members.

Because Hong Kong law stipulates that all securities transactions will only have legal effect through on-site economic members.

The brokerage commission is between 0.25% and 0.5% of the transaction amount as stipulated by the exchange, but each commission shall not be less than HK$50.

Stamp duty is collected by the government and is 0.3% of the transaction amount.

The transaction fee is levied by the exchange at 0.025% of the transaction amount and is the main source of funds for the exchange.

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