Reborn Capital Madman

Although there was a public quarrel between Gao Xian and Financial Secretary Peng Lizhi, he deliberately controlled the conflict only between the two, because at this level, the Gao family was confident that even the worst case scenario would not

, suffer immediate losses that are unbearable or uncontrollable.

As for public gossip, media hype, etc., Gao Xian does not mind secretly adding fuel to the flames. In fact, this is one of the main pressures the Hong Kong government feels.

On the evening of September 24, when Financial Secretary Pang Lai-chi publicly expressed his position, Gao Xian received a notice from the Hong Kong government that Governor Edward Youde, Colonial Secretary Xia Dingji, and Financial Secretary Pang Lai-chi, together with the Hong Kong Banking Association, were studying another interest rate increase.

matters.

Naturally, people with a discerning eye are not surprised by this. After all, the Hong Kong government announced that it is illegal for anyone in Hong Kong to request the use of foreign currency in local transactions. This is only the minimum rigid measure; it has stated that it is actively formulating a plan to stabilize the Hong Kong dollar.

These are measures to address the root cause, but it will take some time to be launched and implemented. During this buffer time, the banking industry is indispensable to help stabilize the situation.

When all parties were seated in the conference room, Gao Xian noticed an imaginative situation. The Hong Kong government had a huge lineup. In addition to regular representatives such as the Financial Secretary and the Supervisor of Banks, as well as Hong Kong Governor Youde and the Colonial Secretary

In addition to the first and second leaders who had to show up under special circumstances like Xia Dingji, heads of departments related to the economy, such as Economic Secretary Zhai Kecheng, Director of Trade McGraw and so on, were also present. It seems that Peng Lizhi

The Financial Secretary who is not a Hong Kong civil servant is very likely to take the blame.

I have to point out by the way that Xiangjiang does provide many decent jobs for British people.

The agenda is simple and efficient. It was announced authoritatively by the Hong Kong government. In order to support the plummeting Hong Kong dollar, the deposit interest rate will be increased by 3%. Bank industry representatives passed it without objection.

The "business" was done so quickly, which made the atmosphere of the meeting seem delicate.

You must know that regarding the current Hong Kong dollar crisis, Financial Secretary Peng Lizhi finally relented and publicly stated that the government is actively formulating a plan to stabilize the Hong Kong dollar, which is the fundamental solution, regardless of what this plan to stabilize the Hong Kong dollar is.

The content is inseparable from the support of the banking industry, so I must take advantage of this occasion to show off.

Of course the Hong Kong government knows that it can never build a car behind closed doors, not to mention that it cannot build a car behind closed doors.

Furthermore, Hong Kong, a product of a special history, is simply not comparable to a large economy with vast land and a rich population. The space for monetary policy choices is limited. Only by embracing foreign exchange reserves can the status of the Hong Kong dollar be maintained, and the high

Jazz has already written the most appropriate answer in advance with the most perfect solution possible - an improved currency board system.

Under such circumstances, if the Hong Kong government really works behind closed doors and then announces its plan to stabilize the Hong Kong dollar, and it is found that the method is similar to Sir Gao's method, it will be a lot of fun.

Therefore, at this time, whether the banking industry wants to be mentally prepared in advance for the Hong Kong government's plan to stabilize the Hong Kong dollar, or the Hong Kong government wants to have a decent way to stabilize the Hong Kong dollar plan, they need to take advantage of this occasion to communicate well.

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Sensing that Hong Kong Governor Edward Youde and Colonial Secretary Charles Hardon-kee were looking at him, Financial Secretary Peng Lizhi bit the bullet and said, "During the period when Colonial Secretary Sir Harbin Ting-kee was Financial Secretary, the improved and optimized currency board system proposed by Sir Alex Ko was

, has been experimented on a small scale for more than a year, and judging from its performance, it should be able to stabilize the Hong Kong dollar."

Financial Secretary Pang Lai-chi said this not to flatter the Colonial Secretary Xia Dingji, but to protect the face of the Hong Kong government. Even if we have no choice but to adopt Sir Gao's improved version of the currency board system, then it is

It is not the credit of Sir Gao alone, the Hong Kong government also has the credit of its founder status.

No one here was a fool. They immediately understood the intentions of the British people in the Hong Kong government, and couldn't help but look at Gao Xian.

"After more than a year of small-scale experiments approved by the government and continuous improvement by financial experts, this improved currency board system is believed to be sufficient to stabilize the Hong Kong dollar." Sir Gao did not argue about how to divide the credit, but remained calm.

He went straight to the core issue he was concerned about, "But as the Financial Secretary has worried before, this improved currency board system needs strong foreign exchange reserves to back it up, and the Exchange Fund provides Hong Kong with the main foreign exchange reserves. Unfortunately,

The operational performance over the years has not been satisfactory.”

"In view of this, has the government considered making the operation of the Exchange Fund independent, handing it over to professional management, and subjecting it to the supervision of public institutions?"

"My previous statements still count. I am willing to share the government's worries, and I still promise that in five years' time, the assets of the Exchange Fund will exceed US$30 billion from the current several billion US dollars."

Representatives from the banking industry immediately became energetic after hearing this. This is the real highlight!

Colonial Secretary Xia Dingji kindly reminded: "Sir Gao, it is extremely difficult to increase the size of the Exchange Fund from several billion US dollars to more than 30 billion US dollars in five years. It cannot be overstated to describe it as a miracle. I

I know that Sir Gao is dedicated to serving the public, but there is no need for Sir Gao to take on too many important responsibilities in the public domain that should be shared by everyone."

"Thank you Colonial Secretary for your concern." Gao Xian smiled slightly, "It's just that I feel that ideals are indispensable. Xiangjiang has given me a lot, and I am willing to devote myself to the long-term development of Xiangjiang."

Seeing that this was the case, Hong Kong Governor Youde finally expressed his position, "That's it, we will actively formulate plans to stabilize the Hong Kong dollar, including studying the independent operation of the Exchange Fund."

…

As the saying goes, people talk a lot. After the meeting, well-informed people quickly learned the contents of the meeting. The Hong Kong government did not break its promise and indeed began to study the independence of the operation of the Exchange Fund, which immediately gave reporters another demonstration.

Opportunities for your own magical powers.

For the purpose of stabilizing the Hong Kong dollar after the blackmail fails, the Hong Kong government is really happy to see the media making such a fuss.

As a result, the improved currency board system and the independent operation of the Exchange Fund, these two in-depth topics, began to be promoted from professional circles to the public, becoming new hot "consumption" topics.

But there is one thing: this kind of "consumption" is inevitably a bit high to digest, and ordinary people are more likely to exclaim at the high level.

What, Sir Gao boasted about taking five years to increase the asset size of the Exchange Fund from several billion US dollars to over 30 billion US dollars in Haikou?

In this case, there is no reason not to let Sir Gao manage the Exchange Fund!