Reborn Capital Madman

Following the public quarrel between Sir Alex Ko and the Financial Secretary Peng Lizhi, which became a hot topic in Hong Kong, Sir Ko promised to use five years to increase the asset size of the Hong Kong Exchange Fund from several billion US dollars to more than 30 billion US dollars. Not only is it simple and straightforward.

It made the general public talk about it, greatly shocked the elite, and attracted international attention.

At this stage, due to various factors of the times, including the Cold War, the attention given to foreign exchange reserves cannot be compared with that after the Asian financial crisis.

Take China's current foreign exchange reserves as an example, they are about several billion U.S. dollars, not more than 10 billion U.S. dollars; and Hong Kong, whose total economic size is far smaller than that, is a special situation. The issuance of Hong Kong dollars is guaranteed by foreign exchange reserves, and then Hong Kong's foreign exchange

The asset size of the fund is also within this range.

Under such circumstances, Gao Xian's promise was understandably sensational.

First, no economy has ever attached so much importance to its foreign exchange reserves.

Second, if the growth in the assets of the Hong Kong Exchange Fund can really reach what Gao Xian promised, it would indeed be described as a miracle.

Just relying on the careful calculation of ordinary people's lives, it is easy to imagine that Gaoyi is responsible for managing the Exchange Fund and the 200 million US dollars of the Hong Kong government's fiscal surplus. It is difficult to double the assets in three years. Although it is also extremely difficult, it is still at Gaoyi.

Within the control range, the worst thing is that Sir Gao wants to do something

There is no way to fill the gap, but only 200 million U.S. dollars; but the assets of the Hong Kong Exchange Fund will exceed 30 billion U.S. dollars in five years.

It is beyond the reach of individuals and businesses.

People with a discerning eye tend to believe that Sir Gao, who has had enough of the unsatisfactory operating performance of the Hong Kong Exchange Fund in recent years, has made no secret of his desire for the management rights of the Exchange Fund in the process of promoting the independent operation of the Hong Kong Exchange Fund.

Haikou is raising the bar for competition for the person in charge of the Xiangjiang Exchange Fund after it operates independently.

Of course, by doing this, Sir Gao is also pushing the Hong Kong government, which is ineffective in operating the Exchange Fund, into a corner.

I am confident that the assets of the Hong Kong Exchange Fund will exceed US$30 billion in five years. If you do not hand over the Exchange Fund, what guarantee can you make?

But what is intriguing is that the pressure to ridicule Sir Gao's boasts and boasts has not become overwhelming, but is regarded more as entertainment news. Occasionally, a few heavyweights who really can't refuse have to make a few public comments.

, it is just an understatement to say that if you are sure that such a high goal cannot be achieved, then the promiser will have to take the blame and resign in advance.

In this regard, Gao Xian, who had secretly prepared to fight arduously for a long time, did not think that his popularity was so good that it moved the heavens, the earth, and the hearts of those who disliked him. Instead, he was soberly convinced that the ghosts were becoming more and more obsessed with him.

Everyone has their own agenda, and this is their opportunity to achieve great things.

The British used the prosperity of Xiangjiang as a bargaining chip to blackmail negotiations, but they got it wrong and screwed up. Naturally, their thoughts changed subtly. When they ruled Xiangjiang, they firmly controlled the interests here, such as British capital.

Prioritize; when we have to hand back Xiangjiang, mix in sand, differentiate, and leave as many of our own imprints as possible. Compared with predictably adding sand to the political ecology of Hong Kong, in terms of finance, let the Exchange Fund become independent from the government

The operation is exactly what I wanted.

As for the Exchange Fund being handed over to Sir Gao first, it doesn't matter. The UK can accept this candidate, not to mention that in less than five years, the young and energetic Gao Xian will resign due to his excessive ambition and bragging, and then choose a more satisfactory successor.

That's all; at the same time, Gao Xian's return can just hit the increasingly fledgling Xiangjiang Huazi.

In the intense meeting that followed, Gao Xian sensed this psychological change among the British. One of the manifestations was that the issue of whether the Exchange Fund should operate independently of the Hong Kong government was not too entangled at all. Instead, the Exchange Fund

The mechanism that operates independently will make you blush and thicken your neck while debating it.

The current operational structure of the Hong Kong Exchange Fund is, simply speaking, it is managed by the Exchange Fund Team under the Financial Affairs Branch of the Hong Kong Government; the Exchange Fund Management Department, which is also under the Financial Affairs Branch of the Hong Kong Government, is responsible for the daily management of the Exchange Fund.

Specific content includes hiring private institutions like Gaoyi to manage some of the assets of the Exchange Fund.

In addition, there is a body similar to a company's board of directors, called the Exchange Fund Advisory Committee, chaired by the Financial Secretary of the Hong Kong Government. Its members are mainly from commercial banks in Hong Kong, especially Huifeng, Standard Chartered, and the managers of the three Hong Kong dollar note-issuing banks.

On the surface, the Hong Kong government followed Sir Ko's wishes and began to operate the Exchange Fund independently. This meant that the management of the Exchange Fund was removed from the Financial Affairs Branch and established as a whole new team, which would not be affected by changes in positions such as the Financial Secretary.

, and more importantly, it can only be understood that it will not be affected by the British government in Hong Kong in the future, so as to achieve the secret purpose of continuing the British "incense" as much as possible.

This requires a series of new top-level designs, and the content involved is endless and mysterious, and Gui Lao is very busy.

Gao Xian doesn't care about this kind of trick. As long as Sir Gao can obtain the management rights of the Xiangjiang Exchange Fund, he can use his jaw-dropping "performance" to remove the obstacles set by the British and truly control the Xiangjiang Exchange Fund.

But time waits for no one. The Hong Kong government is just saying that it will finally take care of the devaluation of the Hong Kong dollar. However, until specific measures are introduced, the Hong Kong dollar is still in dire straits of unstable exchange rates.

Ever since, Sir Gao urged in a tone similar to accusing the Financial Secretary Peng Lizhi of not doing anything to stabilize the Hong Kong dollar. Is it really that difficult to decide? The Exchange Fund Advisory Committee must have retained it without a doubt; the Exchange Fund Group and the Exchange Fund Management Department

Integrate the functions, establish the Exchange Fund Management Committee or the Exchange Fund Administration, set up a president, two vice presidents, and four assistant presidents; revise the "Exchange Fund Regulations" and that's it, what else do you want to do?

Do you really plan to study it for months?

In addition to slandering Sir Alex Gao that he can't wait to be the President of the Exchange Fund Authority and the Chairman of the Exchange Fund Advisory Committee, these idiots in the Hong Kong government really don't dare to talk back, lest they accidentally become the next Financial Secretary Peng Lizhi to take the blame.

Moreover, Sir Gao could be said to be deeply "loved" at this time.

This kind of "love" is not false, but has the tacit and objective support of all forces.

To give a random example, compared to the British who decided to go along with the flow and play a conspiracy of differentiation to make the Exchange Fund independent, the Americans are even more eager to make the structure of other people's territory more fragmented, the better, so that it is easier for them to take control of it, and

American capital has always hoped

Hong Kong, an international financial center, can become a more satisfying Eurodollar market than Singapore. Unfortunately, during this period, Hong Kong's financial system was almost ruined by stupid British guys. Now that Hong Kong's financial system is being rebuilt, why don't you choose what you like?

The truth behind the taste?

At the same time, as the Hong Kong government had no choice but to start studying the adoption of Sir Gao's improved currency board system, which linked related currencies in a basket of currencies, it also helped Gao Xian pull support.

At a meeting of the Legislative Council of the Hong Kong Government, Sir Gao rationally explained the reasons why the Hong Kong dollar should no longer just follow one international currency.

In 1967, the pound depreciated again, by more than 14%, resulting in a huge loss of nearly 190 million for the Hong Kong Exchange Fund that year. At the same time, the Hong Kong Exchange Fund also spent 154 million to cope with various foreign exchange companies.

Bank claims.

In the following ten years when the Hong Kong dollar followed the U.S. dollar, it was a constant struggle. The U.S. dollar first depreciated by 10% against gold, and then decoupled from gold. The Bretton Woods system completely collapsed. The Hong Kong dollar was just drifting with the trend. The current miserable situation

, for all to see.

The currency basket strategy of the improved currency board system refers to the International Monetary Fund's standards for the recognition of global currencies, Hong Kong's major trading partners, and the Hong Kong dollar foreign exchange index compiled by Gaoyi on this basis. It combines the U.S. dollar,

The inclusion of the British pound, West German mark, and Japanese yen into a basket will ensure the long-term stability of the Hong Kong dollar.

It can be said that this comprehensive strategy, while taking advantage of the opportunities created by the ghosts' respective ulterior motives, can be said to have won all the forces that can be united.

What Americans think is that the U.S. dollar has really failed to live up to expectations in recent years, and it is understandable that people do not dare to just hold on to this big deal. Anyway, as long as the financial center of Xiangjiang does not collapse, another European dollar market that meets expectations can be built in the Far East.

The big plan is now on track. I support Sir Gao!

What the British think is that the pound will resurrect and "return" to Hong Kong. This must be a good thing, it can happen!

What the Germans think is that we are busy with the long-term plan for European integration. One more recognition from the West German Mark will make the French unhappy!

What I think is that this is a great opportunity for the world’s second largest economy to gain international recognition for its soft power!

Accordingly, the international media has begun to eagerly place titles such as the father of Hong Kong finance on Gao Xian's head. Even the improved version of the currency board system that the Hong Kong government is discussing will be adopted.

It is referred to as Gao's Hong Kong dollar system.

As if echoing from afar, Gao Yi spread the word that Sir Gao was considering resigning as chairman of the board of directors of Gao Yi, and Gao Yi had basically chosen his successor, Ma Jingxi, the founder of the Xiangji series who had been recuperating during this period.

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When it is the turn of the Hong Kong government, the pressure felt by the geeks is that if the President of the Exchange Fund Authority and the Chairman of the Exchange Fund Advisory Committee are not Sir Gao, it would be unreasonable. How can we stabilize the Hong Kong dollar!