Reborn Capital Madman

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"And the victims' experiences were very miserable. Some developed cerebral palsy, intellectual disability and other disorders, and some suffered from employment and marriage discrimination when they grew up because of physical disabilities."

"Fortunately, as awareness increases, after legal litigation, resisting Morinaga Dairy products and other struggles, Morinaga Dairy finally admitted his mistake and took certain compensation measures."

After this interruption, Miss Yi nodded, "This kind of food safety accident is indeed worthy of vigilance and is just included in the attention of my office work."

After Gao Xian claimed that he was, he waved his hand calmly, and the assistant went to act according to his instructions.

...

After arriving from Tokyo to Toronto, Gao Xian separated from his family and continued to twist his waist to attend an event organized by the Howard Hughes Foundation. Of course, the point is that he would explain his policies to Wall Street as the president of the Hong Kong Foreign Exchange Fund Administration.

With years of activity, the Howard Hughes Foundation, as a think tank, has a large influence. For example, the attendees of this event include officials from the Federal Reserve, executives from Goldman Sachs, Morgan Stanley, Merrill Lynch, Solomon Brothers, Chase, Citi, etc., as well as well-known economic experts such as Alan Greenspan.

When it was Gao Xian's turn to give a speech, everyone gave warm applause because Sir Gao, who has a certain reputation in the circle, has a legendary experience recently, which made everyone very curious. In this case, Sir Gao, who has mastered half of the power of Xiangjiang Finance, will bring new things to Xiangjiang, which is an international financial center.

At the beginning of the speech, Gao Xian expressed a view that as the president of the Xiangjiang Foreign Exchange Fund Administration, the principle of international finance that he believed in is the three-way paradox.

This theory was proposed by two economic experts who worked at the International Monetary Fund, John Fleming and Robert Mondel, respectively in the early 1960s. The current level of recognition is definitely not as good as after the Asian financial crisis.

The reason is simple. The results of scientific research require sufficient sample data to support it, and the precise reproduction of human social activities is almost impossible. It can only be verified step by step by step with more and more examples. For example, for the ternary paradox, from its proposal to the Asian financial crisis, there will be one after another economic crises to verify this hypothesis.

The general content of the three-way paradox is that these three edges cannot be controlled at the same time by fixed exchange rates, free capital flows, and independent monetary policy.

For example, since the collapse of the Bretton Woods system, most developed economies, including the United States and Yiben, have independent monetary policies that allow free capital flow, and have liberalized the exchange rate and handed over to market regulation.

During his speech, Gao Xian clearly emphasized that free capital flow is the foundation of Xiangjiang's international financial center and will continue to be implemented. Therefore, all the investors can rest assured that they will come to Xiangjiang with money, just bring them!

The reason why Hong Kong Jiang has implemented the current dollar as the main and the other three international currencies is supplemented by the Hong Kong dollar, and the Hong Kong dollar has been forced to connect with a package of international currency exchange rate systems, because since the Hong Kong dollar exchange rate began to float freely against the US dollar, problems including the continued depreciation of the Hong Kong dollar and imported inflation have become increasingly serious.

The Hong Kong dollar is associated with a package of international currency exchange rate systems, which is equivalent to a fixed exchange rate to a certain extent.

Speaking of this, Gao Xian explained that the Foreign Exchange Fund Administration will take over half of this edge.

As for the independent monetary policy with the main feature of controlling inflation, as far as the actual situation in Xiangjiang is concerned, it will not deliberately force it. The Foreign Exchange Fund Administration will manage at most half of this edge.

In fact, when Gao Xian claimed that he believed in the three-way paradox, he was also carrying out his own "improvement", that is, since the fixed exchange rate, free capital flow, and independent monetary policy, these three sides cannot be controlled at the same time, so I only guarantee that one side, control half of one side, and control the maximum half of the last side, isn't it possible?

Further, this "improvement" reflects the flexibility required by Gao Qian.

Capital comes to Xiangjiang, and everyone makes money by their own abilities, and everything is easy to say; but if you want to rob, I'm sorry, I won't be beaten dogmatically, and reserve the right to make corresponding adjustments and kill invading enemies.

...

Sir Gao's speech was very innovative and vivid, and won warm applause from everyone.