Reborn Capital Madman

Pay attention to people's behavior and pay attention to things. If you are a teacher, you will be famous!

The Heung Kong Monetary Authority turned the tide to save the market, the Heung Kong Development Investment Fund successfully launched the Traction Fund, and the Traction Fund, which had high hopes, was suspended from listing... Whether these connections are qualified or not, Sir Gao Sir, the president of the Heung Kong Monetary Authority, has no doubts about the Hong Kong Monetary Authority.

The development status of the securities industry and the great turmoil of the Hong Kong Stock Exchange, would you like to express your opinion?

That's enough!

In fact, Gao Xian showed up this afternoon just for this opportunity!

However, even when Sir Gao responded to reporters' questions, he did not turn the topic to the Hong Kong Stock Exchange as soon as he opened his mouth. Instead, he gradually followed the pattern and established the situation.

"Xiangjiang has become a regional port center, business center, financial center, as well as a digital center, media center, fashion center, design center, medical center and other promising development goals, waiting for everyone's efforts."

"Currently, the contribution ratio of Xiangjiang's financial industry to chicken's fart has reached 8%, making it the third largest industry after ports and real estate."

"In terms of the status of a financial center, the insurance field can be regarded as a regional center. The banking field is the most proud and can be regarded as an international center. It has become the mainstay of the series of achievements of the Xiangjiang International Financial Center. This is due to the establishment of mechanisms.

We are constantly improving and innovating in this aspect, and the Hong Kong Monetary Authority is working hard to bring this advantage to the forefront in the world."

"As for the securities industry, we should see that from the early 1970s to the present, after more than ten years of hard work by industry professionals, there has been remarkable leap-forward development. It can be said that in Asia, the Hong Kong stock market is only

Second to a stock market.”

"But we have to admit that in the face of the impact of the Black Monday stock market crash, Xiangjiang's securities industry showed a fragility inconsistent with its status as a regional center. This must be a problem with the entire industry's mechanism."

Sir Gao paused for a moment, and then he brought "his child" - Xiangjiang Futures Exchange over and spanked him seriously, "For various reasons, the exchanges, futures guarantee companies, and clearing companies in the futures exchange structure,

The long-term separation of the three pillars and their own management has led to operational disruption. The prediction and handling of the huge default risk in the Hang Seng Index futures market are very passive. This mechanism problem must be resolved as soon as possible."

"As for the Stock Exchange..." Sir Gao seemed to be thinking about his words, and the reporters who finally got to the topic seemed to have received a key reminder, and their ears perked up, "The decision to suspend the market for four days has been exposed.

The Stock Exchange operates behind closed doors.”

“I believe that if we want to fundamentally solve this kind of problem, we can only redesign the Stock Exchange Committee and introduce a sufficient proportion of member representatives, securities industry representatives, and third-party representatives like independent directors, so as to clarify the public service attributes of the Stock Exchange.

.”

“In addition, the interest avoidance mechanism of the Stock Exchange’s management is also an issue that needs to be resolved urgently.”

“But what is more important is that industry supervision needs to keep up. Currently, the existing Securities Commission and Commodity Trading Supervisory Commission, which regulate securities and futures respectively, have not performed satisfactorily.”

"Of course, this is related to some practical factors, such as insufficient investment in resources, resulting in a shortage of professional manpower."

"Think about it, before the Black Monday stock market crash, the Hang Seng Index futures market had become the second largest stock index futures market in the world, but these two regulatory agencies are standing still. What regulatory responsibilities do they have?"

"It is completely foreseeable that there will be more and more innovations in ETFs like Tracker Fund, and industry supervision will still not be able to keep up, which will inevitably hinder the further development of the Xiangjiang International Financial Center."

"Actually, there are still successful experiences that can be learned from the supervision of the securities industry in Hong Kong. For example, like the banking supervision, it is separated from the government structure and develops in a more professional direction. The lack of operating funds can be levied from the industry.

Maybe half of the stock exchange's transaction fee income would be more than enough."

Hearing this, the expressions on the faces of those senior financial reporters with keen sense of smell couldn't help but become wonderful, and they vaguely captured something.

It is obvious that Sir Gao is critical of the Hong Kong Stock Exchange's profit mountain phenomenon, but the wording is more euphemistic; he is also critical of the performance of the Securities Commission and the Commodity Trading Commission, but the banking supervision

Are these successful examples just by the way?

You should know that the Hong Kong Banking Supervision Bureau was separated from the Financial Secretary of the Hong Kong Government and merged into the Hong Kong Monetary Authority.

According to this idea, shouldn’t the Securities Commission and the Commodity Trading Commission should also be merged into the Hong Kong Monetary Authority?

But now that the Hong Kong Securities Industry Review Committee has approved the establishment of a management committee to replace the Hong Kong Stock Exchange Committee, and then parachuted in the ghost guy Fok Liyi's one-sweep approach as CEO, can the results be handed over?

Sir Gao began to wrap up the conversation, "The current problems in the Hong Kong securities industry are very complicated. More than ten years ago, I started as an ordinary employee at the Far East Exchange, so I still have some experience in the development of the Hong Kong securities industry.

, and took notes, but the press conference time is precious, it is not convenient to occupy too much, and it is not easy to elaborate rigorously. If you are interested, you can get written materials from me after the press conference is over."

Interested, interested, of course interested, so interested!

With only the most basic professional sensitivity, the reporters realized that there was about to be a hit material, and they were not willing to miss it. They raised their hands one after another, and the whole place was filled with an atmosphere of eagerness.

Sir Gao seemed to just say it casually. Seeing the enthusiasm of the reporters, he was so surprised that he could only call his assistant with a wry smile and chatted for a few words in a low voice. Then he told the reporters that the notes needed some proofreading and editing by the secretary.

Sort it out and try to print it out during dinner time.

The reporters couldn't help but cheer, and the press conference naturally ended with satisfaction.

Next, reporters began to queue up, because their respective editors had already spoken, and they must not miss Sir Gao's written materials, otherwise there would be no need to print tomorrow's newspapers.

Compared to the excitement of reporters, the atmosphere in the Hong Kong stock market was depressing. At the end of the day, the Hang Seng Index fell below 2,500 points. It can be said that there was a "fight for the crossing, a rush of gulls and herons".

Naturally, Sir Gao would not break his promise, and distributed the well-organized written materials to the reporters as promised.

Naturally, some people don't have to wait for the newspaper to publish it. For example, Gui Lao Davis, chairman of the Hong Kong Securities Industry Review Committee, only read two pages and gasped. What kind of experience notes are these? They are clearly about the Hong Kong Securities Industry.

This authoritative analysis of the current situation can be called Gao Xian's report.

Davis couldn't help but want to scold his mother. When the Gao Xian report came out, would it look like I, the chairman of the Hong Kong Securities Industry Review Committee, was issuing the report? Even if it were released, there would be no way to avoid substantial overlap in content! It's really killing me#&@

※→←◎○★№§→↓♂♀＠.