Reborn Capital Madman

While Gao Xian puts his main energy into the passage of the "Regulations of the Xiangjiang Securities and Futures Commission", he has established a solid foundation for the laws and regulations of the Xiangjiang Securities and Futures Commission, other aspects of work are also being promoted simultaneously, which reflects that

Sir Gao, who was patient, had the bullets fly for a while before making a decision. Once the action was formally taken, he would go hand in hand. He used a computer technology philosophy to make a metaphor, hardware multi-processor multi-core, software multi-process multi-threaded.

Generally speaking, in addition to Gao Xian as the main force, there are two other groups, one is Sir Gao’s wife Yi Huirong’s cousin of Congress, Yi Weiguo, chairman of the board of directors of Hengsheng Bank; the other is Sir Gao’s careful cultivation of

One of the leading players, Ma Shiheng, CEO of Xiangjiang Futures Exchange.

Just like the "Yangjiang Securities and Futures Commission Regulations" to the Xiangjiang Securities Regulatory Commission and the Xiangjiang Stock Exchange also correspond to a document guiding its operations, that is, the "Listed Securities Rules" must adapt to the new market environment,

According to the regulatory opinions of the China Securities Regulatory Commission, it was revised.

In fact, Gao Xian has already made a final decision on how to revise it, because this is to touch the vested interests of the Xiangjiang Stock Exchange. I hope the Xiangjiang Stock Exchange will revise it itself. The efficiency of whip and move it step by step is optimistic.

, so it’s better to work harder yourself and prepare for the revision plan foreseeably.

It is obvious that the content of the "Listed Securities Rules" is more specific and is directly related to securities market participants such as listed companies, securities companies, investment banks, etc. It is an indispensable participant in terms of face-saving projects or real work needs.

This is the current direction of Yi Weiguo’s work.

The board of directors of the Xiangjiang Securities Industry Review Committee has not been re-elected yet, so the ghost-door left behind the Xiangjiang Securities Industry Review Committee and used the waste. Yi Weiguo first took the title of Chairman of the Xiangjiang Securities Industry Review Committee to help all forces.

comminicate.

The content of the "Rules for Listing Securities" is also complicated, so I can only choose a few places to read them briefly.

For example, in order to stop listed companies from damaging investors' interests, the revised terms of the "Listed Securities Rules" allow listed companies to repurchase their own shares at the market price, and provide specific restrictions, namely, each repurchase.

The number of shares shall not exceed, one month before the repurchase operation, 25% of the trading volume of the shares on the Xiangjiang Stock Exchange; and the number of shares repurchased throughout the year shall not exceed, 100 of the company's issued share capital

Ten parts.

In addition to such improved clauses that fight wits and courage against capital greed and chaos, there are also some relatively purer technical adjustments, such as the delivery date.

Let’s first mention the t0 system implemented in the Xiangjiang stock market, and it will be easier to understand.

The commonly referred to as t0 refers to the stock trading process. The stocks you bought can be sold on the same day, with no restrictions on the number of times, and the investor's decision-making power will be kept by themselves.

There is also a closing process for clearing money and goods after the stock trading session. For example, the closing date of the Hang Seng Index futures of the Xiangjiang Futures Exchange was a trading day at a certain trading day at the end of the month, and the closing date of the Xiangjiang United Exchange was last Black Monday Global Stocks Disaster

Before the outbreak, it is t1, that is, the first trading day after the transaction.

It should be pointed out that it is often a convention to use t to add a few to the delivery date, and it is easy to use.

For example, more than two hundred years ago, the Amsterdam Stock Exchange and London stock exchange were closely linked. The physical delivery time of stock certificates and cash between the two was t14. This period mainly gave couriers a journey to ride on a boat and horse.

As for the gradually forming the standard delivery time for exchanges around the world.

After the end of World War II, especially in the past twenty years of rapid social development, this period has been decreasing and gradually becomes t7, t5, and even the popular t3.

The reason why Xiangjiang United Exchange adopts t1 is naturally mainly to enhance its attractiveness in the global capital market. No one doesn’t like to put the money early, but in the specific implementation process, many stock brokerage banks did not strictly implement it.

After all, the Xiangjiang United Exchange, which was merged into the Sihui Association, is a thing that is driven by commercial interests and takes a step by step in the mechanism, especially the central settlements, so it is not surprising that everyone does their own things.

This loose disadvantage was, after the global stock market crash on Black Monday last year, the Xiangjiang stock market was suspended for four days, accumulating countless trading orders, and it was exposed in the phenomenon of system collapse. In the past six months, it has been passively

Transformed to t3 that is in line with the mainstream of global stock markets.

Now, the China Securities Regulatory Commission plans to gradually establish a central settlement mechanism, and then implement a strict trading time system at the Xiangjiang Stock Exchange level.

So what to use? Sir Gao believes that it is better to compromise. It is faster than the mainstream t3 in the global stock market, which will definitely help increase the attractiveness of the Xiangjiang stock market. However, the previous t1 was a bit stressful, especially now the trading volume of the Xiangjiang stock market is growing

It's fast, it's still safe to t2.

In short, what Yi Weiguo did was to communicate about such issues. He felt that some changes made some people curse in their hearts, but Sir Gao’s Xiangjiang Securities Regulatory Commission was here to set the rules. If you don’t agree, get out!

When feedbacking the progress of work to Gaoxian, Yi Weiguo optimistically mentioned that strong people such as Wall Street Investment Banks welcomed the improvement of Xiangjiang's stock market mechanism.

To put it bluntly, the bigwigs are also speculative, but they look down on the loopholes. The loopholes with too low levels are not friendly to them. In contrast, those who are difficult to give up the original loopholes in the Xiangjiang stock market will not be ignored.

Pay attention!

As for Ma Shiheng's side, his latest feedback made Sir Gao speechless.

Ma Shiheng, who also serves as the president of the Xiangjiang Stock Exchange, mainly works to ensure that the operation of the Xiangjiang Stock Exchange will not cause any more trouble before the new rules come out.

Standard Chartered Hong Kong is currently promoting its listing on the Hong Kong Stock Exchange. This is a star project, so Ma Shiheng is still quite busy.

While handling daily work and deeply understanding Sir Gao’s outline of the Xiangjiang securities industry, Ma Shiheng received a notice that the Board of Directors of the Xiangjiang United Exchange convened a meeting.

Ma Shiheng has always had a seat on the board of the Hong Kong Stock Exchange. Because this is a reflection of the achievements of Gao Yi and his group of forces, Ma Shiheng has a clear understanding of the dynamics in the Hong Kong Stock Exchange Council and can basically guess.

What they care about, so much that they have to hold a meeting to discuss.

Sure enough, after sitting down in the conference room, Ma Shiheng found that everyone's topic was similar to his expectations. According to the model given by the Xiangjiang Securities Association, the board of directors of the Xiangjiang United Exchange would be expanded, which would lead to the dilution of power; Xiangjiang United Exchange

Half of the revenue from the institute has to be paid to the CSRC...

All of them are indeed related to the vital interests of all the directors here.

To add, the current Xiangjiang United Exchange Council was arrested and his confidant was dismissed from office, and after the ghosts and muds were dismissed, the chairman was Yu Jincheng and the first vice chairman was Huang Yihong.

"Ma Sheng, how is the listing application for Standard Chartered Hong Kong?" Huang Yihong suddenly asked inadvertently.

"It is progressing in an orderly manner." Ma Shiheng answered concisely.

Huang Yihong changed the topic, "Everyone, I think it's time to form a clause to confirm that the directors have the right to be allocated to new shares first."

Yes, yes, several people agreed.

Ma Shiheng quickly waved his hand to stop him. Sir Gao had already blew the wind more than once. Such unspoken rules were no longer appropriate.

Huang Yihong smiled slightly. Over the past few years, the directors' sales have made outstanding contributions to the successful issuance of new stocks. After all, the directors are all leaders in the industry and have convincing authority. Why not keep such an advantage?

?

Ma Shiheng frowned slightly. The market environment has changed a lot. The right to give priority to new shares to be allocated in new shares violates the public interest and the principle of fairness, which will make it difficult for Sir Gao to do with the China Securities Regulatory Commission.

"We are all our own people. Sir Gao is so loyal, he will definitely take care of everyone's feelings, and everyone will support Sir Gao's work more." Huang Yihong looked around and suggested with confidence, "Let's do this, everyone vote, according to the regulations,

The approval rating exceeds 75%, and it will be passed."

"I object." Ma Shiheng, who clearly stated his attitude, looked around and saw that he was so lonely!

Huang Yihong slowly finished the votes and announced with satisfaction that "the resolution on the board of directors has the right to be given priority to allocating new shares will be passed and written into the rules of the board of directors."

Seeing this, Ma Shiheng's nose was pissed. Are you too smart or blinded by lard? Sir Gao is working hard at the legislative level? Isn't this a confusion for him! The bullshit person...