Reborn Capital Madman

After the red tape at the beginning of the banquet passed, Gao Xian first talked openly with the Governor of Hong Kong MacLeho, "I really didn't expect that you have such high expectations for me in terms of benefiting the bank."

"I think you hope that I will take over the favorable bank, which is not to let me play the role of challenger in the existing structure of the banking industry in Xiangjiang. Can you clearly show your goals so that I can understand it in my next work. ”

Governor MacLeho nodded earnestly, "David, your business accomplishments are definitely worthy of the economic advisor of the official palace, and you will definitely understand my pressure."

"To summarize it in the most concise words, I hope you can make the favorable bank a good enough to join the central bank functional structure composed of Zhengfu Foreign Exchange Fund, HSBC and Standard Chartered to enhance risk resistance."

Gao Xian felt something when he heard it. It seemed that in the bank's bureau, Hong Kong Governor MacLeho should not have colluded with Shen Bi, and he might not even have the tacit understanding between Niu Bijian and Shen Bi. It is really starting from a pragmatic perspective to promote this matter.

To put it bluntly, Hong Kong Governor MacLeho was confused by Chen Bi's gun. As for his plan, it is not difficult to understand.

As we all know, Hong Kong does not have a central bank, but this does not mean that the corresponding responsibilities of the central bank will disappear out of thin air. The solution adopted by the Hong Kong government is to distribute it to various official institutions and commercial banks, such as the official foreign exchange fund and HSBC. Bank, Standard Chartered Bank.

Take the role of "lender last" as one of the responsibilities of the central bank. For example, if a bank in Xiangjiang is run by a depositor because it is deeply involved in rumors, it needs liquidity assistance, or faces bankruptcy due to poor management, and needs funding assistance. Then HSBC and Standard Chartered Bank have the responsibility to stand up.

Hang Seng Bank, the leader of Xiangjiang Huazi Bank, was slandered by rumors and was run by depositors, and was eventually taken away by HSBC, which was willing to "guaranteed".

Let’s talk about another responsibility of the central bank - issuing banknotes. At this stage, HSBC and Standard Chartered Bank are conducive to the bank’s three commercial banks being authorized to issue banknotes by the Hong Kong government, but the one who ultimately gives the Hong Kong dollar "guaranteed" is the Hong Kong government’s foreign exchange fund.

In this era, the kind of "old script" that the Hong Kong dollar encountered several times, which was caused by international capital speculation, was still inevitably dragged down by the collapse of the Bretton Woods system. Just like a small boat in the sea shaking continuously.

Originally, the Hong Kong dollar was directly pegged to the pound, but when the pound was really facing unrelieved pressure of depreciation, no matter whether the Hong Kong dollar was alive or not, it was better to run first. So the Hong Kong government made a decision in June 1972 to decouple the Hong Kong dollar from the pound and change it. To be directly pegged to the US dollar, the exchange rate is 5.65 Hong Kong dollars to one US dollar.

Unfortunately, the US dollar has also been depreciating in recent years. The Hong Kong government, which is under increasing pressure, has to announce two years later, in November last year that the Hong Kong dollar is decoupled from the US dollar, and the Hong Kong dollar is free to float. The exchange rate has long fallen. Break six.

When the Hong Kong dollar and the pound were pegged, the Hong Kong government set up a reserve in London, and now it has moved back to Hong Kong to operate in the form of a foreign exchange fund. It is not difficult to imagine that it has only been operating for a few years and has limited cards, so Hong Kong has Superintendent MacLeho, the head of the family who is keen on increasing fiscal expenditures frequently, clearly felt that he was confined and even the crisis was approaching.

Gao Xian's wealth growth rate in recent years is amazing. With Shen Bi's clever tongue, Hong Kong Governor MacLeho wishfully believed that the Hong Kong government could benefit from Gao Xian's amazing money through favorable banks. wrist.

"The development goals set by the Constitution for the favorable banks are really a bit discouraged, but I am willing to fight hard and take on this important task." Gao Xian made a generous statement, making himself and the Governor MacLeho The conversation comes to an end.

Governor MacLeho nodded happily and stood up and said, "I'll go and talk to Mr. Nikeson first."

Although Nikeson is notorious in the United States, the former president of the world's super power is not something that the people of Hong Kong can underestimate. Besides, Nikeson, a political tycoon, has not completely lost his energy even after he stepped down. Therefore, Hong Kong Supervisor MacLeho really had to meet with a positive attitude.

Nübijian said: "The Empire's special tax system is about to expire. I don't know if the United States will successfully implement the list of Xiangjiang as a region that benefits the special tariff. I hope Mr. Nikeson can provide some reference information."

In the years since the end of World War II, the United States has been using the predecessor of the World Trade Organization, the General Agreement on Tariffs and Trade, to suppress the imperial special taxes implemented in the Commonwealth system; the European Economic Community, which Britain has been striving to join, He is also not interested in the imperial preferential tax; now Britain has become a member of the European Economic Community as he wishes, and the imperial preferential tax of the Commonwealth has accelerated its collapse.

Although the Xiangjiang economic system has manufacturing industry at this stage, as a free port, import and export trade has always been the top priority.

In 1969, when Gao Xian just arrived in this era, the Xiangjiang economy emerged from the turbulent shadow of the previous two years and began to recover. The total import and export trade volume exceeded 28 billion Hong Kong dollars, of which the import volume was 148. More than 100 million Hong Kong dollars, exports are more than 10.5 billion Hong Kong dollars, and re-exports are more than 2.6 billion Hong Kong dollars.

Last year, in 1974, the total import and export trade volume of Xiangjiang exceeded the 60 billion Hong Kong dollar mark, reaching more than 64 billion Hong Kong dollars, of which the import volume was more than 34.1 billion Hong Kong dollars, and exports The amount is more than HK$22.9 billion, and the re-export amount is more than HK$7.1 billion.

These figures, including trade volume and growth rate, are enough to show how import and export trade plays an important role in Xiangjiang's economic development, and are more sensitive to changes in the multilateral mechanism of international trade.

For a century-old Far East British brand like Jardines, it is no less than a severe change in the new market environment similar to that in China decades ago. Whether it can be adjusted in time may be related to life and death.

Gao Xian glanced at Niu Bijian, who looked concerned, and gloated and thought that in the late 1970s in the "old script", Jardinei began to show its decline. The reasons are different. Now it is estimated that fate will not change. It's not in vain that I got into the trap set by Chen Bi to confuse you, and I was bound to my hands and feet in terms of capital liquidity.

Without answering the words of Niu Bijian, Gao Xian turned his head and asked Chen Bi bluntly, "When will the plan to revitalize the bank?"

"Awaiting the big drive at any time." Chen Bisheng replied with confidence: "Sir Gao will send his troops to the bank tomorrow to participate in the transfer of control, asset restructuring and other related matters."