Reborn Capital Madman

Regarding the ulterior motives of Huifeng and others, the three giants of the Hong Kong government - Hong Kong Governor Youde, the Auxiliary Secretary Xia Dingji, and the Finance Secretary Zhai Kecheng, could not have not realized it, but they were more eager to hope that the foreign exchange fund could support it and still had a budget deficit.

Hong Kong government finance.

After a meeting and research, the Governor Youde, the Auxiliary Secretary Xia Dingji, and the Finance Secretary Zhai Kecheng formed an opening plan. The Governor Youde held a banquet at the Governor's Office. The Auxiliary Secretary Xia Dingji and the Finance Secretary Zhai Kecheng accompanied him and invited Sir Gao to enjoy the glory.

When the atmosphere is warm, the purpose is spread out and made clear.

Sir Gao, who was buried in the pile of documents and was studying how to spend money, just smiled and knew it in his heart after receiving the invitation.

He immediately called Ren Zhigang, who was in charge of currency work, and Li Guobao, who was in charge of bank work, "You can accompany me to the Hong Kong Governor's Office to attend a banquet in the evening."

"What kind of banquet should I change into more formal clothes, or go with my wife?" Li Guobao, who was curiously inquiring, turned out to be planning to do this year and help Brother Xian get the job of the Xiangjiang Foreign Exchange Fund Management Bureau.

After getting on track and having enough brothers' wishes, he left in a hurry and went to run for the MP to better serve the interests of the family. But now, he has not mentioned this at all. It is not difficult to guess the reason.

If you don’t point it out, there will be no fish when the water is clear, and if you look at it, there will be no disciple when the person is careful, it will be considered to have forgotten it.

Gao Xian replied concisely, "Mini-private banquet, Hong Kong Governor Youde, Auxiliary Secretary Xia Dingji, and Finance Secretary Zhai Kecheng invited me to dinner. You can accompany me, it's just three to three, everything is enough to be simple."

Li Guobao nodded suddenly, and Ren Zhigang asked for instructions: "Do you want to prepare some information for the use of the topic at the banquet?"

Gao Xian waved his hand, "The drunkard's intention is not to drink, he cares about begging for alms."

Li Guobao and Ren Zhigang were selected by Sir Gao and served as deputys, so they were naturally very smart. After smiling knowingly, they stopped talking and prepared to attend such a high-level banquet.

In this way, the three giants of the Hong Kong government and the three giants of the Hong Kong Foreign Exchange Fund Administration made a drink and chat at the Governor's Office.

Xia Dingji, the auxiliary secretary who is equivalent to the role of the butler, first gets to the point, "Sir Gao, the fiscal budget of the government has been deficits for years. Can excellent foreign exchange funds be allocated to solve the urgent problem?"

Gao Xian agreed on the spot with great loyalty, "No problem, I can make the decision on HK$200 million or HK$300 million, and I don't even need the special funds for the official government. I can handle this degree of control."

The Auxiliary Secretary Xia Dingji looked at the Governor Youde with a smile. Sir Gao's attitude was very interesting, but the amount of information was a bit large.

The preliminary interpretation is that based on everyone's relationship, the Hong Kong government can easily beg for up to HK$300 million from the foreign exchange fund. It can be used casually, and the foreign exchange fund ignores it and can also handle it on its own books.

This statement is in reverse. If the Hong Kong government begs for foreign exchange funds for more than HK$300 million, it will be a bit troublesome, and there will be restrictions such as dedicated funds and uses.

I have to say that Sir Gao’s sense of measure is indeed just right. While taking care of friendship and taking into account official duties, he accurately calculated the taste of the Hong Kong government.

The three giants of the Hong Kong government held a banquet together, crying for poverty and asking for money, how could they be satisfied with begging for only 300 million Hong Kong dollars!

Finance Minister Zhai Kecheng knew that it was his turn to perform, "Sir Gao, if my promotion of consumption tax can go smoothly, then the foreign exchange fund will support the 300 million Hong Kong dollars in the government, which may be enough, but the industry represented by the tobacco industry,

There is a strong opposition to consumption tax, and it is unlikely to be implemented within the next two or three years."

Sir Gao asked back: "This year, the capital market in Xiangjiang is very active. Taxes including stamp duty and profit tax should have increased significantly, right?"

"The yen offshore financial center has indeed greatly activated the vitality of the Hong Kong International Financial Center, but Hong Kong has always been known for its low tax rates. The tax types mentioned by Sir Gao have a limited base. Even though the growth rate is obvious, it is compared with The fiscal deficit of more than 4 billion Hong Kong dollars is a new one." Finance Minister Zhai Kecheng cried so hard that he was moved that he almost told the words of the three giants of the Hong Kong government that "no much money is enough to spend" in his mouth.

Auxiliary Secretary Xia Dingji continued: "Sir Gao, under your wise leadership, the foreign exchange fund operation achievements have made a miracle. The asset target of 30 billion US dollars at the end of the first president's term should be no problem. Take two out of it. More than one billion Hong Kong dollars are coming to support the government finance, which is only 300 million US dollars for the foreign exchange fund, but it is a blessing for the government finance."

Finance Minister Zhai Kecheng echoed again: "Yes, Sir Gao, judging from the issuance of Xiangjiang currency, the foreign exchange fund you lead is so outstanding that it has too much balance. It is better to allocate more to help the government alleviate the pressure on fiscal deficits. .”

I feel that the three giants of the Hong Kong government who are crying and basically show their cards. Sir Gao also started his own. Every family has a difficult sutra. "I understand the difficulties of the official government very much, but the foreign exchange fund has allocated this way. Many payments are unprecedented, and the linkage between finance and currency is extremely complex and the impact is unpredictable. As the president, I, must be responsible for the foreign exchange fund."

"In fact, although the prospects for foreign exchange funds are very good, they are actually undercurrents."

"After the square agreement comes out, the US dollar depreciation trend is obvious, and the energy of appreciation of the Hong Kong dollar is accumulating, and it will definitely explode in the next few years. In order to stabilize the Hong Kong dollar, foreign exchange funds must be prepared for danger in times of peace and prepare for the future."

Li Guobao, vice president of the Foreign Exchange Fund Administration, who is responsible for banking, interjected: "Yes, in just over two years since the establishment of the Foreign Exchange Fund Administration, the Hong Kong dollar has experienced three shocks from international speculators, although it is not unpredictable. It was shocked, but it also exposed that under the new international financial situation after the Plaza Agreement came out, the disadvantages of Xiangjiang currency management and banking supervision fighting each other."

The three giants of the Hong Kong government exchanged their eyes. Do Sir Gao have to offer exchange conditions and have the power to supervise the bank?

Sir Gao hadn't finished speaking yet, but he looked serious and said: "At present, financial derivatives are in full swing. Looking at it from a certain level, they are shadow banking. Therefore, the size of Hong Kong dollar that foreign exchange funds need to guarantee is not only in the traditional sense. The currency issuance volume must have a surplus to resist the Hong Kong dollar crisis.”

Ren Zhigang, another vice president of the Foreign Exchange Fund Administration, analyzed: "If the securities industry supervisors achieve organic linkage with currency management and banking industry supervisors and are in place, they will definitely have relatively good control over the risks of shadow banking. ”

Sir Gao nodded and finally concluded: "There is a major trend now, that is, financial issues are becoming more and more three-dimensional, which requires financial managers to start from multiple dimensions to manage, supervise and prevent."

The three giants of the Hong Kong government exchanged their eyes again. In addition to the power of bank supervision, Sir Gao also needs the power of securities supervision!

It is true that if Sir Gao wants to gain the power of bank supervision and securities supervision, he will be responsible for his position as president.

But after concentrating the powers of currency management, bank supervision and securities supervision, is the Foreign Exchange Fund Administration or the Foreign Exchange Fund Administration?