Reborn Capital Madman

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Only Gao Xian knew the secret of explicitly writing the Xiangjiang International Financial Center into legislation.

What others see as a pragmatic slogan, in the hands of Sir Gao, the founder of the Gao Kingdom and the president of the Xiangjiang Monetary Authority, is enough to become the basis for launching a counterattack at critical moments - for example, it can be said that in order to defend the hard-won

Xiangjiang's status as an international financial center means that there is a legal basis for what I do.

At the scene where the Hong Kong Securities Regulatory Commission passed the third reading of the Hong Kong Securities Regulatory Commission Ordinance, Gao Xian made a brief speech to canvass votes, specifically mentioning the importance of the Hong Kong International Financial Center again.

The concept of Xiangjiang International Financial Center can be viewed from different angles.

For example, the current banking industry in Hong Kong, with the blessing effect of Gao Xian, has attracted the establishment of all large banking institutions in the world, including bank agents from the Eastern camp of the Cold War Iron Curtain. True to the saying, the number of banks in Hong Kong,

There are as many as crucian carp crossing the river.

Hong Kong's status as an international financial center is hard-won. In fact, Hong Kong has taken many detours. It could have achieved the status of an Asian financial center in the 1960s, but it was hit by successive banking crises.

The delay was caused by superficial factors, giving Singapore a great opportunity to catch up.

The booming development of the Hong Kong securities industry and its internationalization was undoubtedly the stock market craze in the early 1970s, which was the most initial symbol. To this day, the Hong Kong securities industry has experienced the stock market crash in 1973 and the stock market crash in 1981.

The 1987 stock market crash exposed many imperfections in the regulatory mechanism of Hong Kong's securities industry.

In particular, the development of the financial industry can be said to be rapid. Stocks, bonds, futures indexes, trusts, and more complex financial derivatives are layered on top of one another. In contrast, Mu Yongshi, Xiangjiang Securities

The industry regulatory mechanism is indeed out of date.

"Members, today's passage of the Hong Kong Securities Regulatory Commission Ordinance is related to the development of the securities industry in the Hong Kong International Financial Center to the top level of a global financial center in the next ten years." Finally, Sir Gao mobilized with high spirits.

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Everyone present applauded warmly, but many people thought in their hearts that the Hong Kong International Financial Center that Sir Gao emphasized was more likely because the Hong Kong Legislative Council ignored his expectations and took so long to review the Hong Kong Securities Regulatory Commission Ordinance.

, regain some face - Members, please don’t delay the plan to make the development level of Xiangjiang’s securities industry match the status of Xiangjiang’s international financial center!

After Sir Gao finished expressing his expectations, it was time for everyone to get down to business. In short, all parties reached a compromise and naturally and smoothly passed the third reading of the statutory basis for the existence of the Heung Kong Securities and Futures Commission - "Heung Kong Securities and Futures Commission"

Futures Commission Ordinance.

So, maybe the question is, what tricks have the ghost elders done after they have been dilly-dallying on the deliberation for so long.

It doesn't take much thinking to guess that the specific things must be very complicated and obscure, but the checks and balances should not be difficult to understand.

When the old ghosts were reviewing the "Hong Kong Exchange Fund Ordinance" and "Hong Kong Exchange Fund Authority Ordinance", the Hong Kong dollar was facing collapse. Life and death were at stake. No one dared to delay. In addition, after Sir Gao's first five-year term, the Hong Kong Exchange

The size of the fund reached a military order of US$30 billion, which fascinated my eyes, so it was released happily.

As a result, no one expected that Sir Gao fulfilled his promise without any danger and established unrivaled authority, so that the "Hong Kong Monetary Authority Ordinance" when the Hong Kong Monetary Authority was established later could not be controlled at all.

This time in the battle for dominance in the reform of the securities industry in Hong Kong, Sir Gao once again won the final victory. Naturally, more "thoughts" should be spent on the review of the "Hong Kong Securities Regulatory Commission Ordinance". Anyway, this time it is not like the Hong Kong dollar.

It doesn't matter if the crisis is so imminent and it's hard work.

The so-called checks and balances are reflected in the structure of the Heung Kong Securities Regulatory Commission, that is, the Heung Kong Securities Regulatory Commission is not only the institution that most people think of to supervise the securities market, the institution that supervises the futures market, but also the Heung Kong United Exchange and the Heung Kong Futures Exchange below.

Instead, under the general name of the Hong Kong Securities Regulatory Commission, in parallel with the institutions that supervise the securities market and the institutions that supervise the futures market, checks and balances such as regulatory intermediary groups will be deployed.

Actually, as I said before, it's a matter of structure. Gao Xian doesn't hate this kind of checks and balances as much as some people think. Gui Lao's "hard work" also has a positive side. While you check and balance me,

That's right, I will also check and balance you.

Gao Xian is very clear that in the global jungle ecology, he belongs to a lonely group. This is a reality formed by history. It is enough to achieve a balance. It happens that the Chinese interest groups have an explanation, but they have not yet done so.

the wicked.

After the passage of the "Hong Kong Securities Regulatory Commission Ordinance", legislation is still busy. A series of regulations, including the existing "Listing Ordinance" and "Acquisitions and Mergers Ordinance", are being revised to adapt to the new situation of the Hong Kong securities industry;

There are new regulations such as the Securities Insider Trading Regulations.

Fortunately, these matters are not troublesome in the eyes of Sir Gao, because with the passing of the "Hong Kong Securities Regulatory Commission Regulations", the Hong Kong Securities Regulatory Commission can officially start work, and then refine the regulations, in line with the "law"

Gao's regulatory principle of "whatever can be done without prohibition, and what cannot be done without authorization by law" can be easily promoted.

"The Exotic Land Development of Vegetable-Growing Skeletons"

In particular, while the Legislative Council of the Hong Kong government controlled by Mr. Gui was slowly reviewing the "Hong Kong Securities Regulatory Commission Ordinance", Gao Xian was not idle. The work was being advanced in parallel, waiting for Hong Kong

The moment the Securities Regulatory Commission was officially established.

After Sir Gao obtained the concurrent title of Chairman of the Heung Kong Securities Regulatory Commission, he immediately cracked the first hard nut and convened a meeting including the Heung Kong United Exchange, the Heung Kong Futures Exchange, and market representatives to implement some specific work.

For example, if you can’t do anything without money, where will the funds for the Hong Kong Securities Regulatory Commission come from?

There is no need for the Heung Kong Monetary Authority to support the Heung Kong Securities Regulatory Commission. You must know that the Heung Kong United Exchange and the Heung Kong Futures Exchange draw a commission from every transaction on their own platforms. It can be said that they have a lot of income. They give half of it to

Hong Kong Securities Regulatory Commission.

There’s nothing to complain about, it’s legal, do you understand?

With Sir Gao personally in charge, the shareholder representatives and directors of the Heung Kong United Exchange and the Heung Kong Futures Exchange had no objections. Ma Shiheng and Yuan Tianfan, vice chairman of the Heung Kong Securities Regulatory Commission, signed and sealed the document on the spot.

Things related to money will be happy if you don't mess around!

After quickly handling the funding sources of the Hong Kong Securities Regulatory Commission, Sir Gao turned to the structure of the Hong Kong Stock Exchange.