Reborn Capital Madman
Chapter 0889 Start to keep an eye on the Exchange Fund? Whatever!
Gao Xian invited Harvey Kruger, the new CEO of Lehman Brothers, and others to come to Xiangjiang as guests. This was not a special event to entertain this group of people, but a business event planned as a whole.
When the list was finalized, Gao Xian had already returned to Hong Kong from Europe for a long time. Regarding the continuation of the 1984 Hong Kong dollar and international currency swap agreement, all agreements were reached, but the scale of expansion varied.
The joint statement on the Hong Kong issue was officially signed in December, about three months after it was initialed in September. The next step is to submit it to the respective legislative bodies for approval, and then exchange documents. This process is estimated to take
In about half a year, in short, the general trend has been decided and Xiangjiang has entered a transitional period.
Mrs. Thatcher was known as the Iron Lady. She suppressed trade unions with an iron fist in the UK and refused to give in to the Irish Republican Army. However, she was very pragmatic about the Hong Kong issue. Hong Kong was militarily undefendable. In addition, Hong Kong had fresh water and
Most of the food supply comes from the selfless guarantee of the mainland, so there is nothing arrogant about it.
However, Western politicians believe in geopolitical politics. If they can leave influence in Hong Kong at an acceptable cost, they will naturally be generous. In addition, Sir Gao used his personal connections to influence Mrs. Thatcher, so
The Bank of England agreed to continue the 1984 Hong Kong dollar-pound currency swap agreement and initially increase the scale in 1985 to 200 million pounds.
The British Parliament and opposition politicians basically don't care much about this. To put it bluntly, they have political consensus on this point. Moreover, the British-funded Far East interest groups also have needs.
Gao Xian is quite satisfied with this situation. The more natural it is, the better!
West Germany can be described as very stable, with a moral character of having no desires and desires. Fortunately, Hong Kong's status as an international financial center is still valuable. West German financial institutions, including Deutsche Bank, want to expand internationally.
, Xiangjiang was indispensable as the fulcrum, and Alfred Herrhausen and other connections helped to carry out the activities, so the Deutsche Bundesbank agreed to continue the 1984 Hong Kong dollar West German mark currency swap agreement.
And the scale in 1985 was increased to 500 million West German Marks.
At present, the exchange rate between the Hong Kong dollar and a basket of international currencies is roughly as follows: one U.S. dollar is worth about 7.75 to 7.85 Hong Kong dollars; one pound is worth about 9.11 Hong Kong dollars; one West German mark is worth about 2.4
The Hong Kong dollar is about 9; the Hong Kong dollar is about 3.12 to 100 yen.
According to the currency swap agreement between Hong Kong dollars and British pounds, West German marks, and Japanese yen obtained by Gao Xian, the Hong Kong Exchange Fund Administration can openly exchange it for British pounds within the scope of the agreement in 1985 at approximately the above-mentioned exchange rate.
West German mark, Japanese yen.
The effect will be revealed naturally when the time comes, and it will also be known what kind of gains Gaoyi will achieve under the shade of this tree.
Regarding the new results of the Hong Kong dollar and international currency swap agreement, Gao Xian must make an explanation to the Hong Kong government. He is waiting to see if Sir Gao can't complete the military order, and then he will be resigned from the position of president of the Hong Kong Exchange Fund Authority.
The reaction from the ghost guys who went down was very positive.
According to their understanding, Sir Gao is vigorously developing the foreign exchange market in Xiangjiang as an international financial center. In any case, this is in the interests of all parties.
In fact, the outside world also understands that Sir Gao regards the Hong Kong dollar and international currency swap agreement as one of the important aspects of his work as president.
Gao Xian is happy to see this kind of reaction from the outside world. He will take advantage of the general trend and hide it in normal operations. The more natural, the better!
Obviously, in the more than a year since the Hong Kong dollar crisis, there has been only one indicator for judging the work performance of the Hong Kong Exchange Fund Authority, and that is the stabilization of the Hong Kong dollar.
From this perspective, Sir Gao's work has been outstanding and has been recognized by the Hong Kong government and all walks of life in Hong Kong, so that the Hong Kong government appears to be very tolerant of the financial indicators of the Hong Kong Exchange Fund Administration.
In fact, it is not enough to be intolerant. If Gui Lao dares to find fault, he will be back to the original dilemma of plotting against Sir Gao, the leader of the Chinese financial community in Hong Kong.
However, the judging criteria in 1985 will certainly no longer be so tolerant.
The reason is obvious. Since the Hong Kong dollar has stabilized after the hard work of 1984, the work in 1985 will naturally go a step further.
Financial Secretary Zhai Kecheng, who was impressed by Sir Gao's personal charm, belonged to the group of ghosts who were kind to Gao Xian. During the conversation, he reminded: "In the more than a year since the Hong Kong Exchange Fund Administration was newly established, Sir Gao
It has successfully completed the important task of stabilizing the Hong Kong dollar and won widespread praise."
"It's just that by 1985, the evaluation of the work performance of the Hong Kong Exchange Fund Administration was probably even higher."
Speaking of this, Financial Secretary Zhai Kecheng specifically explained, "Actually, I understand that Sir Gao's work has a long way to go. The work results of the Hong Kong Exchange Fund Administration should not be quick and easy. However, people, including some members of the Legislative Council,
I don’t think so. Once they exert pressure, the Hong Kong Exchange Fund Administration will be in trouble, for example, having to respond head-on to the growth in asset size.”
"I understand the dilemma between Sir Zhai Kecheng and the Financial Secretary." Gao Xian smiled slightly, "It doesn't matter, it's work, let's just get it done!"
Seeing Sir Gao's nonchalant look, Financial Secretary Zhai Kecheng couldn't help but behave like an emperor who is not in a hurry and a eunuch who is in a hurry. "Sir Gao, if we continue to work steadily like this, although the performance of the Hong Kong Exchange Fund Management Bureau will be good, there is still a long way to go before the military order you issued."
A huge distance that is difficult to cross.”
Of course, Gao Xian would not reveal his real reliance. He laughed loudly and responded casually: "The military order was issued at that time to gather the power of all sectors of society as soon as possible to solve the Hong Kong dollar crisis. If the five-year term expires,
I can't fulfill my promise and I have nothing to regret about leaving the Hong Kong Exchange Fund Administration. I just have a clear conscience. Anyway, I can go back to Gaoyi to work."
Financial Secretary Zhai Kecheng thought about it and realized that this was true. Who was Sir Gao?
will be liquidated.
It has to be said that Financial Secretary Zhai Kecheng had good intentions towards Sir Gao, and therefore did not have sinister intentions, and oversimplified the outcome of the bet.
As a result, Financial Secretary Zhai Kecheng conveyed Gao Xian's attitude. If you want to keep an eye on the performance of the Hong Kong Exchange Fund Management Bureau starting from 1985, whatever!
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