We are all reborn, who wants to be the richest man?
Chapter 444: Substantial Increase in GDP Per Capita
Asia Television went public, and the Far East Group started to produce wealthy people in large numbers again.
There are three billionaires, 11 multi-millionaires, and no one counts the millionaires because there are simply too many.
As for the stock price, the stock price of Asia Television's IPO this time is not as crazy as that of other Far Eastern companies.
The main reason is that television stations are public industries and the profits cannot be too high.
The issue price was HK$25, and the highest point reached HK$34.7 before the market adjusted back. After Christmas, the stock price gradually stabilized at around HK$31, and the market value exceeded HK$ billion.
On January 1st, Susan Chow officially took office. Asia Media and Asia Television held a grand farewell ceremony for Huang Xizhao. Basically all the well-known artists and cooperating artists under Asia Media attended the ceremony.
After following Luo Nianzhong for seven years, he earned over 100 million Hong Kong dollars when he retired, which made him satisfied.
"The Huang Xizhao era has ended, and Hong Kong media has officially entered the Zhou Liangsuyi era"
This was the headline given by most media in Hong Kong the next day.
In addition, Selina Chow was also named one of the most powerful women in Hong Kong Island. Also on the list was Mrs. Lee, who now controls Lee Theatre and other Lee family businesses.
In the master bedroom of the Luo family, Zhao Yazhi, who had entered the sage state, leaned on Luo Nianzhong's shoulder and was still talking about this matter.
"Susan Chow even thanked me this afternoon when we were shopping. I was so confused and embarrassed by what she said.
She deserves this position through hard work, what does it have to do with me? Why should she thank me?"
Thank you for what? Of course, thank you for having a good man, thank you for the benefits you can bring to her in the future, and thank you for the Luo family behind you to help her on the right path in the future.
Everyone can say nice things but it's just a waste of breath. Now Zhao Yazhi is embarrassed. Hasn't she gained implicit value?
It's just that this silly and innocent girl in his arms is inexplicable, but Luo Nianzhong actually hopes that the women in his family can maintain this innocence.
"If someone thanks you, just accept it. If she has any problems in the future, we will lend a helping hand to the best of our ability."
Zhou Liang Shuyi is destined to walk the righteous path, and Luo Nianzhong will certainly strongly support this direct descendant, which will be a banner of the Luo family in the future Hong Kong government.
However, compared with these, Luo Nianzhong is more concerned about the subscription amount of HK$1500 billion when subscribing for ATV’s equity.
According to the information obtained by Luo Nianzhong, unlike the listing of Far East Chip and other companies, the number of shares held by various institutions after the listing of Asia Television was relatively small.
It’s not that they are not optimistic but there are better options. Besides, the most important thing about a TV station is its influence. It is just a pipe dream for them to snatch control of ATV from the Luo family.
Since it cannot be controlled and is just a capital investment, generally speaking, organizations will rarely choose TV stations when they have other options, as it is unstable.
Then the more than 1500 billion Hong Kong dollars of ATV is very telling. It means that Hong Kong people have more money in their hands, and it also means that the per capita income of the middle and low classes has increased, which is what Luo Nianzhong hopes to see.
As early as 1983, Hong Kong Island's per capita GDP exceeded US$. However, not to mention the middle and low-level workers, even nearly % of the Far East Group's employees could not reach this level.
What was the minimum wage in 1981? It was about HK$2400. These were usually temporary or hourly workers in convenience stores.
Five years have passed, what about now?
According to the 1986 minimum wage standard given by the Hong Kong government years ago, the minimum hourly wage is 18 Hong Kong dollars.
If we calculate based on the current common working schedule of six days a week and eight hours a day, the salary for a thirty-day month would be 3744 Hong Kong dollars, or about 480 US dollars, which can be said to be a substantial increase.
However, one thing we must note is that it is becoming increasingly difficult to recruit workers at this salary. Generally, the people doing this job are either those from Southeast Asia who have obtained work permits or student workers from Hong Kong Island.
Compared to this job, locals in Hong Kong Island prefer to work as waiters in restaurants.
Although the salary is similar, it is only a small part of the income. If you are lucky, you can get three or four hundred in tips a night, and it is easy to earn over ten thousand a month.
Let’s talk about the Far East Group. In 1982, the salary of a Y8 PhD graduate was 9.6 Hong Kong dollars. Hong Kong dollars per year was already more than US dollars per person.
Now, the lowest-level Y1 employee's salary has increased to HK$5500, and the starting salary of Y8 has increased to HK$11500. Adding the bonus, HK$ a year is already low.
If you can get some shares, you will basically achieve the goal of becoming a millionaire.
As for living expenses, the latest data from 1985 showed that the average price of high-end luxury residential areas in Hong Kong Island was 950 per square foot, while ordinary residential areas were around 550 per square foot.
This price is still acceptable, and the house price to income ratio will not exceed ten years.
The biggest part of a family's daily expenses is transportation. Things like meals are still relatively cheap, at least in Hong Kong Island, which is relatively low among developed areas.
With higher income and more surplus money, consumption will naturally increase, which will form a huge and virtuous internal cycle.
This is especially true in the catering and entertainment industries. People working in these two industries in Hong Kong have all made money in the past two years.
How did the city that never sleeps get its name? Isn't that how it got its name?
On the streets, you can see shops open everywhere at 11 or 12 o'clock at night, not to mention the restaurants, more than half of which are still open at one or two o'clock.
The most famous ones are the several famous night markets, where basically no vendors leave before four o'clock.
Especially those who have been playing all night, they will go to these places to eat danzai noodles and beef brisket noodles before going home to warm their stomachs before going back to sleep.
The rise of the service tourism industry has accelerated the rapid development of the catering and entertainment industries, and vice versa.
Both industries require a large number of low-level laborers, which can indirectly increase employment costs. When low-level citizens have money, they will consume.
It can be said that Hong Kong Island is becoming a beautiful city with a soaring happiness index in accordance with Luo Nianzhong's idea, and all of this is reflected in the listing of Asia Television.
This means that companies listed in Hong Kong without foreign capital can also obtain financing well, which will make Hong Kong stocks more attractive.
"Will I really go to ATV's board meeting tomorrow? This is ATV's first board meeting. Will it be bad if I'm there?"
Zhao Yazhi's questions were over, and Matsuzaka Keiko became worried again.
Now that Asia Television has gone public, it is inevitable to set up a board of directors. Tomorrow is the first board meeting of Asia Television, and the topic to be discussed is the future development of Asia Television, that is, the vigorous development of pay channels.
"Why not? ATV's major shareholder is Xin Ya. Is there any problem with you attending the board meeting as her guardian?"
Hugging the somewhat nervous Matsuzaka Keiko, Luo Nianzhong comforted her, "Don't worry, the board members are all our people. You don't have to do anything there. It will be just like the board meetings you attended in the island countries. Zhou Liang Shuyi will take care of everything."
"Pa." Suddenly, a slap came and hit Luo Nianzhong hard, and at the same time, a dissatisfied voice sounded.
"What are you doing? Don't be ignorant of the hunger of hungry people. I've been riding the merry-go-round for a long time. The rocking car in the supermarket can still move a few times when I put in coins, okay?
Just now when you were getting on the horse, I was supporting you and giving you assistance. What's wrong? Are you treating me like a invisible person?"
Guan Jiahui's domineering remarks stunned everyone in the room, followed by a burst of laughter.
Luo Nianzhong even sat up and hugged Guan Jiahui and said, "Then today your husband will teach you horse riding."
You'll Also Like
-
Investiture of the Gods: Reborn as Yang Jian, on a meteoric rise
Chapter 316 5 hours ago -
Lord of the Devouring Starry Sky
Chapter 859 5 hours ago -
Reborn in Hong Kong, I am the Rice Bowl Master
Chapter 441 5 hours ago -
Douluo Continent: What if Bibi Dong had a cheat code?
Chapter 398 5 hours ago -
Douluo Continent: I Played a Trick on the Protagonist in Order to Cultivate My Martial Soul
Chapter 280 5 hours ago -
One Piece: Davy Jones is the captain of the Thriller Bark
Chapter 434 5 hours ago -
The King's Avatar: I'm Really Not a Dad
Chapter 339 5 hours ago -
Reborn as a demon, I became a totem in Full-Time Magician.
Chapter 294 5 hours ago -
Gao Wu: My martial arts are running away from home every day.
Chapter 478 5 hours ago -
Douluo Continent: Starting with Stealing Tang San's Luck
Chapter 322 5 hours ago