So far, I understand ...
<<Would you need to personally use it ?>>
... The Exchange wants to know that YOU WILL use it, as opposed to hoarding it. There are 530 outstanding Trading Rights.
<<If you did buy a seat wtih the intention of flipping it, would having a seat for a short time provide you with networking/reputation opportunities which would increase your future consulting income ?>>
... No.
<<How about your reputation outside of Hong Kong ? Could that raise your profile, possibly open more doors in Europe and the US ?>>
... No.
<<Would selling it to the right mainlander also increase your connections ?>>
... Yes.
<<Also, can you borrow against a percentage of the value of the seat ?>>
... No.
<<What are the legal liabilites and any restrictions>>
... unlimited liability, and therefore cannot wisely be leased out, unless to closest and most trusted few, very few.
<<joint liablity wtih everyone else on the exchange for someone elese's behavouir ? >>
... No. And, worse, the Exchange can issue more Rights, apparently.
Basically, find broker friend needing a second seat (given trade flow), buy under his name, with paper work for protection, and flip at first opportune moment; or use it for brokerage startup.
Chugs, Jay |
