Reborn Capital Madman

Happy Lantern Festival, brothers!

By the way, let me make a statement that some of the contents in this chapter are my personal brief understanding. Just like discussing some IT technologies, it only shows that I will write stories carefully and not increase the real financial theory. I am indeed not at that level at all.

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Huang Zixiang planned to hype Hang Seng Index Futures and the company that suffered huge losses went bankrupt, so it would be fine. It was too wishful thinking and he also regarded the Xiangjiang Futures Exchange as a fool who was easy to bully.

In fact, it can be seen from Huang Zixiang's performance that he did not "leave" Xiangjiang that the Huang family has a clear understanding of the situation and cannot escape.

The Huang family’s big stall in Xiangjiang is worth more than one billion yuan, listed companies, real estate business, hotel management, etc., such a big situation, how much effort has been spent, and its importance is no less than that of Xingjia’s base camp.

And now, in Xiangjiang, can we avoid the supervision of the Xiangjiang Financial Administration under the leadership of Sir Gao? Then, it is not difficult to consider which one is more important and what is more important and what is more pros and cons is better!

At this time, the atmosphere in the private room was the relaxed way of chatting between children from aristocratic families, which was already very proud of the face. If Huang Zixiang didn't know the truth, then it would be difficult to control the severity of the business when he was doing business.

When Ma Shiheng showed his attitude, Huang Zixiang took advantage of the situation and took the opportunity to the side. The two of them sat aside and bargained, and finally reached a settlement agreement of 750 million.

When Huang Zixiang and Ma Shiheng shook hands solemnly again, the expression on their faces was unconcealed. Save some savings if possible. When you go back to report to your father, you will admit your mistakes and show your determination to learn from them as a warning and never make any mistakes again.

, This article can finally be revealed.

Especially afterwards, Sir Gao's words made Huang Zixiang feel thanks to his holding of this credit. "Zixiang, why not reveal to you that Du Xian intends to restart the construction plan of the new airport, which will also involve many supporting commercial facilities.

The development of Xinhe Group has a good reputation, which is an opportunity to show its strengths.”

Huang Zixiang was overjoyed when he heard this. The gap that he wanted to pay was completely eliminated in front of Sir Gao.

When he returned to his residence and reported to his father, Huang Tingfang no longer scolded Mr. Huang.

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In Sir Gao's view, assisting the Xiangjiang Futures Exchange in handling large debts is also to consolidate the authority of the Xiangjiang Financial Administration after the successful rescue of the market. Of course, this matter was just a matter of being done casually and was not considered his focus.

Just as the Hong Kong dollar crisis in 1982 was the start-up Xiangjiang Foreign Exchange Fund Administration, the Xiangjiang Stock Exchange Crisis in 1987 happened to become the start-up Xiangjiang Financial Administration, and it also turned the tide and established an authoritative god-given opportunity.

Taking advantage of this triumphant trend, Sir Gao methodically turned the Xiangjiang Financial Administration into his design.

On the surface, Gao Xian is separated from the business kingdom he founded. He served as the president of the Xiangjiang Foreign Exchange Fund Administration and even the president of the Xiangjiang Financial Administration in the past five years. What amazing achievements have he made and what innovations he has achieved, and should also be comprehensive.

I took a look at the land to avoid the end of the story and the empty space is still unclear.

This introduction may not be as good as the tycoon making tens of trillions of dollars. The whole world is his amazing cause. It is straightforward and easy to understand, and may even be a little boring, but giving some patience can also help you further understand what is

The protagonist.

The core responsibility of the Xiangjiang Foreign Exchange Fund Administration, founded by Gaoxian, is to maintain the Hong Kong dollar exchange rate, which requires enough foreign exchange reserves. Now the assets of the Xiangjiang Foreign Exchange Fund exceed US$30 billion.

The same sentence is, numbers are easy to understand at a glance, but this is based on the established structure, power operation mechanisms, and even the status of the world.

for example:

Foreign, the Xiangjiang Foreign Exchange Fund has become one of the important participants in the international foreign exchange market; it has also reached currency swap agreements with some members of the seven major industrial countries.

Internally, the trading system of Xiangjiang Foreign Exchange Fund bills and Xiangjiang Foreign Exchange Fund bonds was established; at the same time, as the last lender of the Xiangjiang banking industry, the liquidity adjustment of Xiangjiang banking industry was established on the grounds of enhancing bank liquidity and avoiding runs.

The mechanism is to master the overnight lending rate of bank loans and prepare a powerful tool for the Xiangjiang Financial Administration to regulate the Xiangjiang banking industry.

Gao Xian made two far-reaching innovations during the Xiangjiang Foreign Exchange Fund Administration.

One innovation is that the assets of the Xiangjiang Foreign Exchange Fund are not only US dollars, but also international currencies such as pounds, yen, and West Demark. In the future, the strength of the RMB that is close to the nearest, can also be added.

The benefits of this package of international currency structure are not difficult to understand. To minimize the number of international currency, it is actually the US dollar, and it always has the impact of depreciation, which has dragged down the Xiangjiang Foreign Exchange Fund to shrink.

For example, the asset scale of more than US$30 billion in Xiangjiang Foreign Exchange Fund is not achieved by trading in the international foreign exchange market in accordance with the rules and investment through Xiangjiang Development Investment Fund. The Plaza Agreement is an indelible contribution.

Another initiative is that the Hong Kong dollar-related exchange rate is not only related to the US dollar, but also to a basket of international currency exchange rates, that is, the basket of international currencies in the assets of the Xiangjiang Foreign Exchange Fund.

As for the weight, proportion, etc. of these international currencies in the basket, it is the cleverness of Sir Gao's operation. It is so complex that no one can learn it, but it can slowly form a mature mechanism that has accumulated a lot of experience, which is enough to

For reference by successors.

Of course, in general external descriptions, the exchange rate of Xiangjiang Foreign Exchange Fund assets and the Hong Kong dollar are mainly based on the US dollar.

When the Xiangjiang Financial Administration stage was in the stage of Xiangjiang Financial Administration, Gao Xian's first initiative was to push the Xiangjiang banking liquidity adjustment mechanism inherited from the Xiangjiang Foreign Exchange Fund Administration and the overnight lending interest rate of Xiangjiang Bank to further advance and form a more powerful regulation.

The interest rate tool of the banking industry in Xiangjiang.

Central banks generally have a powerful tool called the deposit reserve ratio, that is, deposit institutions like banks must set aside enough working capital to deal with deposit withdrawals. The central bank increases the deposit reserve ratio, which suppresses banks.

The ability to create credit has in turn tightened monetary policy.

In Xiangjiang, a special environment with a very strong commercial flavor, the deposit reserve ratio tool is not easy to do because the bank's reserves are placed in the central bank and do nothing, which is equivalent to a loss of interest, and the bank must complain.

In fact, there is no need to spend any effort to make the deposit reserve ratio in Xiangjiang. After the Xiangjiang banking crisis in 1982, Gao Xian promoted the revision of the Xiangjiang Banking Regulation. The new version of the regulations requires the minimum current assets of Xiangjiang Bank.

The ratio is almost equivalent to the effect of the reserve requirement ratio.

As for the regulation of savings interest rates, it is at the Xiangjiang Banking Association.

Therefore, according to the actual situation in Xiangjiang, Gao Xian chose the main interest rate weapon for the Xiangjiang Financial Administration as the discount rate, and a discount window should be established.

You should know that the discounting activities carried out around bills such as bills of exchange are at a very core position in banking business.

Simply put, the discount window of the Xiangjiang Financial Administration is that commercial banks use high-quality notes, such as Xiangjiang Foreign Exchange Fund Bills, Xiangjiang Foreign Exchange Fund Bonds, and bank acceptance bills of Huifeng and Standard Chartered to come to the Xiangjiang Financial Administration for discounts.

, realize a mechanism for short-term financing.

Based on the discount window, the Xiangjiang Financial Administration has once again regulated the discount rate in the Xiangjiang banking industry.

Gao Xian’s creative thinking is focused on the formulation of this discount rate, which consists of two parts:

One is a transparent element that reflects the actual situation of the local capital market in Xiangjiang, such as a constant interest rate and a bank overnight lending rate, the highest among the two;

The other is the basic interest rate that reflects changes in the international capital market, which is the mystery.

It should be easier to understand if you use a phenomenon in the "old script" as a reference.

That is, why, when the US economy sneezes, the Hong Kong economy immediately catches a cold with a headache, which seems to be more sensitive than the Latin American market that the US considers as a back garden. It is obvious that the two sides are so far away from the Pacific Ocean!

Perhaps, from the lowest level of technology, some clues can be found, that is, the Hong Kong dollar is the only one that is linked to the US dollar, and the discount rate of the Hong Kong banking industry also follows the fluctuations in the United States' federal funds rate.

The so-called federal funds rate is equivalent to the overnight lending rate between American banks.

In the Internet era of information explosion, the famous saying is that the Federal Reserve raises interest rates and reaps the world; the Federal Reserve cuts interest rates and releases money, and the "interest" among them is related to the federal funds rate.

According to this idea, it is not difficult to understand how Gao Xian will formulate the principle of basic interest rates.

Since the limited international financial center like Xiangjiang cannot avoid the influence of the international capital market, this basic interest rate truly reflects the changes in the international capital market. Introduce a package of variables corresponding to international currencies, as for weights, proportions, etc.

And so on, it is still achieved by the cleverness of the operation of the high string.

The Xiangjiang Financial Administration has understood the discount window and discount rate, which can better promote the development of bank overnight lending business.

As an international financial center, it is not difficult to understand that the currency of bank overnight lending business has become large, in addition to the Hong Kong dollar, there is also the US dollar; the offshore center of Hong Kong yen driven by high strings also borrows the yen; and in the future, it will develop to

Borrowing other currencies makes the whole world unable to live without this unique market.

This is another international foundation for Gao Xian to settle down for Xiangjiang. Just like those well-known international tax havens, there is a huge demand for taxes in the actual operating place of the company, supporting them to do their own things.

Taking advantage of the Cold War environment and the first goal of Wall Street's current harvest, Sir Gao, president of the Xiangjiang Financial Administration, once again demonstrated his workaholic style and spared no effort to promote his ideas.

In a few years, people will be able to take care of secondary goals like Xiangjiang. If they want to do it, they will not have that space.

However, when he was holding an important meeting with the Xiangjiang Banking Association, Gao Xian found that Huifeng Grand Prix Pu Weishi was absent, and he couldn't help but feel moved.

Soon, the relevant information was sent to Sir Gao, and Pu Weishi ran to London to make a big move...