Chapter 226: Establishing a Company in Hong Kong

"Chen Yang, I want to buy an apartment in Shencheng to settle down. What location do you think is suitable?" Su Mingyue followed Liu Qingqing in Shencheng for two days, quickly grew fond of that city. She decided

"If you're buying a house, just go to Futian District; that's Shencheng's commercial center, life is convenient, and the property has the greatest appreciation potential." Chen Yang had lived in Shencheng for twenty years, so he still has considerable say when it comes to investing in real estate there.

"Alright, I'll go look around for a few days. If there's any change in the stock market, remember to call and let me know." Su Mingyue was in Shencheng, but she still kept her mind on the stock market situation, fearing she might miss a money-making opportunity again.

"Just relax and have fun there; if anything comes up, I'll definitely call you." Chen Yang thought for a moment, then reminded Su Mingyue: "Population control over there is probably strict now; to avoid unnecessary trouble, you'd better first get a temporary residence permit."

"Okay! I've got it." Su Mingyue happily hung up the phone.

Chen Yang lay on the sofa, thought for a while, then called Guo Jin.

"Manager Guo, I want to set up a company in Hong Kong. I don't know if the procedures are easy to handle."

"Boss Chen, are you planning to come to Hong Kong to develop?"

"No, I just want to set up a company there, doing some preparatory work in advance for the company's future business development."

"I see. Then you prepare the company's Chinese and English names, valid ID documents of directors and shareholders, business scope, registered capital, registered address, etc., and have someone send them to Hong Kong. I'll take full care of the remaining procedures."

"Alright, then I'll leave it to you."

Chen Yang's idea to set up a company in Hong Kong was mainly sparked by Su Mingyue buying a house in Shencheng.

The funds he earned from the US and Hong Kong stock markets, he wanted to transfer legally and quickly to the mainland; the best way was to use a Hong Kong company to invest in the mainland. Since real estate transactions are usually large in amount, that was the best option he could think of.

Currently, property prices in Shencheng are still not high; now is the time to go there and buy more shops and commercial housing. Not only can one earn large profits from rental income, but one can also make a big gain from future property appreciation.

Since Su Mingyue plans to settle in Shencheng, giving her some shares and letting her manage the property there puts Chen Yang at ease.

After the US stock market opened in the evening, when Su Mingyue called to ask about the US stock situation, Chen Yang shared his idea of investing in real estate in Shencheng with her.

"Chen Yang, since you plan to develop in Xingcheng, why do you still want to invest in real estate in Shencheng?" Su Mingyue didn't quite understand his idea.

Chen Yang explained: "Shencheng is a special economic zone; its floating population far exceeds that of Xingcheng, and the future appreciation potential of its property prices will also be greater than Xingcheng's."

"Can I also buy two more units?" Su Mingyue, hearing that Shencheng's property prices have great appreciation potential, felt tempted.

Chen Yang said: "If you're buying it for family to live in, you can buy an extra unit. If it's purely for investment, I still recommend buying shops. A vacant house waiting for appreciation still incurs property management fees; rented shops bring steady monthly income. Moreover, theoretically, the appreciation potential of shops is only greater than that of houses."

"Hmm, then I'll buy shops!" Su Mingyue never doubted Chen Yang's investment vision. Since Chen Yang thought shops were better, she decided to invest in shops.

Chen Yang thought for a moment and added: "Since you plan to settle there, you'd better get a driver's license and buy a car. It will make travel and work more convenient."

"Okay!" Su Mingyue, after playing in Shencheng for two days, deeply felt the city's congestion. Taking the bus is too crowded, and taking taxis every day is too extravagant; it's better to buy a car herself. Although she didn't get a driver's license in college, after being with Liu Qingqing she also learned driving skills, so she is quite confident about getting a license.

After discussing the real estate investment, Su Mingyue continued to ask Chen Yang about the US stock market: "Chen Yang, can Mouyi's stock be traded T+0?"

Chen Yang checked Mouyi's stock price; it has risen from $1.32 to $1.48. Although there were fluctuations in between, the magnitude is not large.

The key is, Chen Yang only knows that Mouyi's stock will rise to near ten dollars in mid-December; he doesn't have a clear memory of the process before that, so it's really hard to give advice. After all, he doesn't intend to keep watching the US stock market.

"Su Mingyue, I suggest you don't lightly do T+0; hold the shares until December and then see. Mouyi is about to announce its financial report, after which there will surely be a big rally. If you sell too early, don't end up crying."

"Alright!" Su Mingyue sighed disappointedly. Liu Shijie's funds can't be used to trade US stocks, and her own usable funds are limited; watching Mouyi's stock rise day by day, she always feels she has lost a lot of money.

Chen Yang can understand her feelings. Stock trading is like gambling; both are easy to become addicted to. In her previous life, Su Mingyue didn't make money, yet she persisted in the stock market for twenty years. In this life, she has already earned tens of millions of yuan following me, and will only become more frenzied.

The only thing worth celebrating is that stock trading is legal; no matter how crazy she gets in it, she doesn't have to bear legal responsibility.

After Su Mingyue hung up the phone, Chen Yang turned off the computer and went to sleep.

To him, the US stock market is a long-term investment that doesn't require too much time to monitor.

By contrast, the domestic stock market requires more effort. Because Su Mingyue needs to look for a house during this period, Yexin, Huang BaiMing, and Zhao Feiyang also need to go to Hong Kong to set up US and Hong Kong stock accounts; wanting to grasp stock market dynamics, only Chen Yang can personally keep an eye on it.

After confirming the plan to withdraw early from Liu Clan Group's stock, when Thursday's market opened, Qi Yunxiang began to sell off large amounts.

Liu Clan Group's stock only hit the upper limit of twenty-three yuan during the call auction phase. Then, after Qi Yunxiang's massive sell-off, it kept falling all the way to eighteen point nine yuan, letting the broad masses of shareholders witness the arrival of a limit-down once again.

Chen Yang checked the stock forum, and indeed there was a torrent of abuse. Everyone was cursing Qi Yunxiang and the ancestors of Xingcheng Securities eighteen generations over.

However, the abuse didn't last long.

After Chen Yang switched to the stock software page, he discovered that new strong capital had intervened, pushing Liu Clan Group's stock back up to twenty-one yuan.

At that moment, the activity of the bear market suddenly dropped; only a small number of sell orders remained.

Chen Yang couldn't immediately tell whether the other party wanted to stabilize public sentiment or learn from Qi Yunxiang to jointly push up the price and sell off.

To probe the other party's intention, he consequently placed a sell order for five thousand lots at twenty-one yuan. Unexpectedly, the other party quickly took it up.

Thus, Chen Yang decided to continue observing, waiting for the other party to push the stock price up a bit more before selling off.