Chapter 1016
If audio player doesn't work, press Stop then Play button again
Speaking is always a skill.
Gao Xian's public statement neither opposes the "free market" nor puts forward the idea of "putting capital in a cage". He just believes that the "laissez faire" policy is inappropriate and must be revised. It can be said that he strives for support to the greatest extent to avoid falling into the situation of fighting alone or even making enemies in four places.
One meaning passed to international capital is that if the leek land is destroyed, how can we cut the leek? Moreover, with the volume of Xiangjiang, as the real value of the international financial center, it is a distribution center to facilitate international capital flow. Ensuring this is in your best interests, that is, the so-called "free market". The establishment of Xiangjiang financial authority advocated by me can better build the international financial center mechanism of Xiangjiang.
One meaning passed to the general public is that the functions of Xiangjiang international financial center and Xiangjiang international digital center can not be high above the top. They only serve large consortia. I'm fighting for your interests.
The pressure of the appreciation of the Hong Kong dollar is becoming more and more obvious, and the interest rate adjustment strategy of Xiangjiang banking industry is facing a major choice. In terms of this situation, it can be explained in detail.
Those with high risk tolerance in international capital will directly end up in Xiangjiang stock market whose P / E ratio is still lower than that of Tokyo stock market and New York stock market, or operate financial derivatives in Xiangjiang futures market; Those who have strict requirements on risk control, such as pensions, can not enter Xiangjiang, which is among the best in the world in terms of speculation, so they are interested in the Hong Kong dollar.
These institutions have special teams to study the monetary and fiscal policies of the economies with strong voice such as the United States, the United Kingdom, West Germany and yiben. They also have unique advantages in being well informed, and then focus on the Hong Kong dollar whose exchange rate is set in a fixed range. They believe that the Hong Kong dollar will certainly appreciate, so as to continuously increase Hong Kong dollar deposits.
According to Gao Xian's information, the Hong Kong dollar deposits of these hot money in Xiangjiang banking industry will expire in six months and next year, that is, in January and February 1988, which will form a risk that can not be ignored. Moreover, it has also led many local capital, including importers and exporters, to adopt the same logical exchange rate operation.
So the question is, is the speculative logic of these capital Tenable?
The answer is definitely not groundless. In particular, there is a big difference between the situation and the "old script". That is, Gao Xian took the Xiangjiang exchange fund administration as the fulcrum and took the opportunity of the Plaza Agreement to rapidly expand the scale of Xiangjiang exchange fund in US dollars into the ranks of the world's top ten foreign exchange reserves, forming about half of the huge surplus.
Only from the perspective of money supply, thanks to the traditional currency expansion effect such as the bank reserve mechanism and innovative measures such as exchange fund bonds, the Hong Kong dollar can not use so many packages of international currencies.
Gao Xian wants to use this surplus to do some great deeds such as Xiangjiang international financial center and Xiangjiang International Digital Center in the public and give better development opportunities to Gao's business kingdom in the private.
However, this surplus has inevitably become a big fat meat coveted by international capital.
In the face of a large influx of hot money, the Xiangjiang Banking Association, which controls the deposit interest rate of Xiangjiang banking industry, has reduced the savings deposit interest rate of Xiangjiang banking industry to 1.25%, while Huifeng bank, which has long occupied a benchmark position in the most favorable interest rate of Xiangjiang banking loans, has reduced the most favorable interest rate of its own bank to the lowest level in ten years, only 5%.
From the actual results, in addition to further warming the Xiangjiang stock market, it has not played an obvious role in stabilizing the Hong Kong dollar exchange rate. This is also the old problem that the interest rate of Xiangjiang banking has been adjusted frequently in the past few years since the implementation of the Hong Kong dollar linked exchange rate system, but the effect is mediocre.
So the idea of negative interest rates came into being.
However, Gao Xian clearly opposes the simple and crude implementation of negative interest rates. Is it easy for people to save some money? It's unkind to have a negative interest rate! We should use our brains more, not only do not harm the interests of the general public, but also achieve the desired negative interest rate effect. For example, we should collect deposit handling fees from large Hong Kong dollar deposit accounts to curb the pressure of foreign hot money on the appreciation of the Hong Kong dollar.
At the same time, after the establishment of Xiangjiang financial authority, the control of Xiangjiang deposit interest rate remains in the hands of Xiangjiang Banking Association, which does not want it, but Xiangjiang banking association must follow the "suggestions" of Xiangjiang financial authority and take joint actions in such operations to achieve the effect of three-dimensional operation, Try to reduce the ghost guy's playing with checks and balances, dismantle the regulatory authority, and leave all kinds of "back door" side effects.
Xiangjiang banking association must obey the "suggestions" of Xiangjiang financial authority, which belongs to a new mechanism. Is it possible for Xiangjiang Banking Association to agree to this new mechanism without thinking?
Obviously, the game is everywhere. It's fun to fight openly and secretly!
The implementation of negative interest rates in Xiangjiang banking industry is brought out and the game is played openly. Virtually, it adds uncertainty to hot money and can slightly curb the pressure of Hong Kong dollar appreciation.
Well, in this complicated game, the ghost guy has the worry that Gao Xian is too strong and difficult to manipulate. There is a certain practical need to pull Gao Xian down and help an obedient puppet to come to power. How high is it possible that Gao Xian will be overturned?
It is no exaggeration to say that Gao Xian sits firmly on the Diaoyutai. His achievements in mixing the Jianghu are not empty.
Executive councillor Sir Gao Xian, GBE, JP, is the identity of the Jianghu in Britain; The members of the trilateral committee are the identity of the Jianghu in the United States; There are also members of the Freemasons, dignitaries and dignitaries of all walks of life; Even Mrs. Yi Huirong is a member of the upper house of the Canadian parliament; Private energy is even more unfathomable.
No, Gao Xian will soon attend the Bilderberg meeting at the end of May. Xiangjiang real power ghosts, including Hong Kong Governor Wilson Wei, Chief Secretary Howard, financial secretary Zhai Kecheng and Huifeng Daban Pu Weishi, have learned from their own channels and better understand what a Jianghu the Bilderberg meeting is.
To put it bluntly, Gao Xian has the resource advantage outside the Xiangjiang plate, but he doesn't want to move!
While having dinner with Sir Gao, Hong Kong Governor Wilson asked if he could help solve the problem of those South Vietnamese staying in Xiangjiang for a long time from the perspective of the Jianghu when attending the Bilderberg meeting.
The rest of the people selected by the United States can't immigrate to the United States, and other developed capitalist countries don't accept them. From an official point of view, it's just cheating. Xiong Xiangjiang takes them first, but on average, each person spends more than 10000 Hong Kong dollars a year, with a total expenditure of hundreds of millions of Hong Kong dollars a year. It's really not a small amount.
Gao Xian understands the distress of Hong Kong Governor Wei Yixin. In terms of age, Hong Kong Governor Wei Yixin thinks he is the last Hong Kong Governor and can work until 1997. Therefore, he wants to solve the problems during his term of office in the long run, and can't blame others.
"I can only find a chance to try. After all, it's my first time." Gao Xian's answer left him a lot of room. He didn't have to pull the bow full.
Please report us if you find any errors so we can fix it asap!
Speaking is always a skill.
Gao Xian's public statement neither opposes the "free market" nor puts forward the idea of "putting capital in a cage". He just believes that the "laissez faire" policy is inappropriate and must be revised. It can be said that he strives for support to the greatest extent to avoid falling into the situation of fighting alone or even making enemies in four places.
One meaning passed to international capital is that if the leek land is destroyed, how can we cut the leek? Moreover, with the volume of Xiangjiang, as the real value of the international financial center, it is a distribution center to facilitate international capital flow. Ensuring this is in your best interests, that is, the so-called "free market". The establishment of Xiangjiang financial authority advocated by me can better build the international financial center mechanism of Xiangjiang.
One meaning passed to the general public is that the functions of Xiangjiang international financial center and Xiangjiang international digital center can not be high above the top. They only serve large consortia. I'm fighting for your interests.
The pressure of the appreciation of the Hong Kong dollar is becoming more and more obvious, and the interest rate adjustment strategy of Xiangjiang banking industry is facing a major choice. In terms of this situation, it can be explained in detail.
Those with high risk tolerance in international capital will directly end up in Xiangjiang stock market whose P / E ratio is still lower than that of Tokyo stock market and New York stock market, or operate financial derivatives in Xiangjiang futures market; Those who have strict requirements on risk control, such as pensions, can not enter Xiangjiang, which is among the best in the world in terms of speculation, so they are interested in the Hong Kong dollar.
These institutions have special teams to study the monetary and fiscal policies of the economies with strong voice such as the United States, the United Kingdom, West Germany and yiben. They also have unique advantages in being well informed, and then focus on the Hong Kong dollar whose exchange rate is set in a fixed range. They believe that the Hong Kong dollar will certainly appreciate, so as to continuously increase Hong Kong dollar deposits.
According to Gao Xian's information, the Hong Kong dollar deposits of these hot money in Xiangjiang banking industry will expire in six months and next year, that is, in January and February 1988, which will form a risk that can not be ignored. Moreover, it has also led many local capital, including importers and exporters, to adopt the same logical exchange rate operation.
So the question is, is the speculative logic of these capital Tenable?
The answer is definitely not groundless. In particular, there is a big difference between the situation and the "old script". That is, Gao Xian took the Xiangjiang exchange fund administration as the fulcrum and took the opportunity of the Plaza Agreement to rapidly expand the scale of Xiangjiang exchange fund in US dollars into the ranks of the world's top ten foreign exchange reserves, forming about half of the huge surplus.
Only from the perspective of money supply, thanks to the traditional currency expansion effect such as the bank reserve mechanism and innovative measures such as exchange fund bonds, the Hong Kong dollar can not use so many packages of international currencies.
Gao Xian wants to use this surplus to do some great deeds such as Xiangjiang international financial center and Xiangjiang International Digital Center in the public and give better development opportunities to Gao's business kingdom in the private.
However, this surplus has inevitably become a big fat meat coveted by international capital.
In the face of a large influx of hot money, the Xiangjiang Banking Association, which controls the deposit interest rate of Xiangjiang banking industry, has reduced the savings deposit interest rate of Xiangjiang banking industry to 1.25%, while Huifeng bank, which has long occupied a benchmark position in the most favorable interest rate of Xiangjiang banking loans, has reduced the most favorable interest rate of its own bank to the lowest level in ten years, only 5%.
From the actual results, in addition to further warming the Xiangjiang stock market, it has not played an obvious role in stabilizing the Hong Kong dollar exchange rate. This is also the old problem that the interest rate of Xiangjiang banking has been adjusted frequently in the past few years since the implementation of the Hong Kong dollar linked exchange rate system, but the effect is mediocre.
So the idea of negative interest rates came into being.
However, Gao Xian clearly opposes the simple and crude implementation of negative interest rates. Is it easy for people to save some money? It's unkind to have a negative interest rate! We should use our brains more, not only do not harm the interests of the general public, but also achieve the desired negative interest rate effect. For example, we should collect deposit handling fees from large Hong Kong dollar deposit accounts to curb the pressure of foreign hot money on the appreciation of the Hong Kong dollar.
At the same time, after the establishment of Xiangjiang financial authority, the control of Xiangjiang deposit interest rate remains in the hands of Xiangjiang Banking Association, which does not want it, but Xiangjiang banking association must follow the "suggestions" of Xiangjiang financial authority and take joint actions in such operations to achieve the effect of three-dimensional operation, Try to reduce the ghost guy's playing with checks and balances, dismantle the regulatory authority, and leave all kinds of "back door" side effects.
Xiangjiang banking association must obey the "suggestions" of Xiangjiang financial authority, which belongs to a new mechanism. Is it possible for Xiangjiang Banking Association to agree to this new mechanism without thinking?
Obviously, the game is everywhere. It's fun to fight openly and secretly!
The implementation of negative interest rates in Xiangjiang banking industry is brought out and the game is played openly. Virtually, it adds uncertainty to hot money and can slightly curb the pressure of Hong Kong dollar appreciation.
Well, in this complicated game, the ghost guy has the worry that Gao Xian is too strong and difficult to manipulate. There is a certain practical need to pull Gao Xian down and help an obedient puppet to come to power. How high is it possible that Gao Xian will be overturned?
It is no exaggeration to say that Gao Xian sits firmly on the Diaoyutai. His achievements in mixing the Jianghu are not empty.
Executive councillor Sir Gao Xian, GBE, JP, is the identity of the Jianghu in Britain; The members of the trilateral committee are the identity of the Jianghu in the United States; There are also members of the Freemasons, dignitaries and dignitaries of all walks of life; Even Mrs. Yi Huirong is a member of the upper house of the Canadian parliament; Private energy is even more unfathomable.
No, Gao Xian will soon attend the Bilderberg meeting at the end of May. Xiangjiang real power ghosts, including Hong Kong Governor Wilson Wei, Chief Secretary Howard, financial secretary Zhai Kecheng and Huifeng Daban Pu Weishi, have learned from their own channels and better understand what a Jianghu the Bilderberg meeting is.
To put it bluntly, Gao Xian has the resource advantage outside the Xiangjiang plate, but he doesn't want to move!
While having dinner with Sir Gao, Hong Kong Governor Wilson asked if he could help solve the problem of those South Vietnamese staying in Xiangjiang for a long time from the perspective of the Jianghu when attending the Bilderberg meeting.
The rest of the people selected by the United States can't immigrate to the United States, and other developed capitalist countries don't accept them. From an official point of view, it's just cheating. Xiong Xiangjiang takes them first, but on average, each person spends more than 10000 Hong Kong dollars a year, with a total expenditure of hundreds of millions of Hong Kong dollars a year. It's really not a small amount.
Gao Xian understands the distress of Hong Kong Governor Wei Yixin. In terms of age, Hong Kong Governor Wei Yixin thinks he is the last Hong Kong Governor and can work until 1997. Therefore, he wants to solve the problems during his term of office in the long run, and can't blame others.
"I can only find a chance to try. After all, it's my first time." Gao Xian's answer left him a lot of room. He didn't have to pull the bow full.
Speaking is always a skill.Gao Xian's public statement neither opposes the "free market" nor puts forward the idea of "putting capital in a cage". He just believes that the "laissez faire" policy is inappropriate and must be revised. It can be said that he strives for support to the greatest extent to avoid falling into the situation of fighting alone or even making enemies in four places.One meaning passed to international capital is that if the leek land is destroyed, how can we cut the leek? Moreover, with the volume of Xiangjiang, as the real value of the international financial center, it is a distribution center to facilitate international capital flow. Ensuring this is in your best interests, that is, the so-called "free market". The establishment of Xiangjiang financial authority advocated by me can better build the international financial center mechanism of Xiangjiang.One meaning passed to the general public is that the functions of Xiangjiang international financial center and Xiangjiang international digital center can not be high above the top. They only serve large consortia. I'm fighting for your interests.The pressure of the appreciation of the Hong Kong dollar is becoming more and more obvious, and the interest rate adjustment strategy of Xiangjiang banking industry is facing a major choice. In terms of this situation, it can be explained in detail.Those with high risk tolerance in international capital will directly end up in Xiangjiang stock market whose P / E ratio is still lower than that of Tokyo stock market and New York stock market, or operate financial derivatives in Xiangjiang futures market; Those who have strict requirements on risk control, such as pensions, can not enter Xiangjiang, which is among the best in the world in terms of speculation, so they are interested in the Hong Kong dollar.These institutions have special teams to study the monetary and fiscal policies of the economies with strong voice such as the United States, the United Kingdom, West Germany and yiben. They also have unique advantages in being well informed, and then focus on the Hong Kong dollar whose exchange rate is set in a fixed range. They believe that the Hong Kong dollar will certainly appreciate, so as to continuously increase Hong Kong dollar deposits.According to Gao Xian's information, the Hong Kong dollar deposits of these hot money in Xiangjiang banking industry will expire in six months and next year, that is, in January and February 1988, which will form a risk that can not be ignored. Moreover, it has also led many local capital, including importers and exporters, to adopt the same logical exchange rate operation.So the question is, is the speculative logic of these capital Tenable?The answer is definitely not groundless. In particular, there is a big difference between the situation and the "old script". That is, Gao Xian took the Xiangjiang exchange fund administration as the fulcrum and took the opportunity of the Plaza Agreement to rapidly expand the scale of Xiangjiang exchange fund in US dollars into the ranks of the world's top ten foreign exchange reserves, forming about half of the huge surplus.Only from the perspective of money supply, thanks to the traditional currency expansion effect such as the bank reserve mechanism and innovative measures such as exchange fund bonds, the Hong Kong dollar can not use so many packages of international currencies.Gao Xian wants to use this surplus to do some great deeds such as Xiangjiang international financial center and Xiangjiang International Digital Center in the public and give better development opportunities to Gao's business kingdom in the private.However, this surplus has inevitably become a big fat meat coveted by international capital.In the face of a large influx of hot money, the Xiangjiang Banking Association, which controls the deposit interest rate of Xiangjiang banking industry, has reduced the savings deposit interest rate of Xiangjiang banking industry to 1.25%, while Huifeng bank, which has long occupied a benchmark position in the most favorable interest rate of Xiangjiang banking loans, has reduced the most favorable interest rate of its own bank to the lowest level in ten years, only 5%.From the actual results, in addition to further warming the Xiangjiang stock market, it has not played an obvious role in stabilizing the Hong Kong dollar exchange rate. This is also the old problem that the interest rate of Xiangjiang banking has been adjusted frequently in the past few years since the implementation of the Hong Kong dollar linked exchange rate system, but the effect is mediocre.So the idea of negative interest rates came into being.However, Gao Xian clearly opposes the simple and crude implementation of negative interest rates. Is it easy for people to save some money? It's unkind to have a negative interest rate! We should use our brains more, not only do not harm the interests of the general public, but also achieve the desired negative interest rate effect. For example, we should collect deposit handling fees from large Hong Kong dollar deposit accounts to curb the pressure of foreign hot money on the appreciation of the Hong Kong dollar.At the same time, after the establishment of Xiangjiang financial authority, the control of Xiangjiang deposit interest rate remains in the hands of Xiangjiang Banking Association, which does not want it, but Xiangjiang banking association must follow the "suggestions" of Xiangjiang financial authority and take joint actions in such operations to achieve the effect of three-dimensional operation, Try to reduce the ghost guy's playing with checks and balances, dismantle the regulatory authority, and leave all kinds of "back door" side effects.Xiangjiang banking association must obey the "suggestions" of Xiangjiang financial authority, which belongs to a new mechanism. Is it possible for Xiangjiang Banking Association to agree to this new mechanism without thinking?Obviously, the game is everywhere. It's fun to fight openly and secretly!The implementation of negative interest rates in Xiangjiang banking industry is brought out and the game is played openly. Virtually, it adds uncertainty to hot money and can slightly curb the pressure of Hong Kong dollar appreciation.Well, in this complicated game, the ghost guy has the worry that Gao Xian is too strong and difficult to manipulate. There is a certain practical need to pull Gao Xian down and help an obedient puppet to come to power. How high is it possible that Gao Xian will be overturned?It is no exaggeration to say that Gao Xian sits firmly on the Diaoyutai. His achievements in mixing the Jianghu are not empty.Executive councillor Sir Gao Xian, GBE, JP, is the identity of the Jianghu in Britain; The members of the trilateral committee are the identity of the Jianghu in the United States; There are also members of the Freemasons, dignitaries and dignitaries of all walks of life; Even Mrs. Yi Huirong is a member of the upper house of the Canadian parliament; Private energy is even more unfathomable.No, Gao Xian will soon attend the Bilderberg meeting at the end of May. Xiangjiang real power ghosts, including Hong Kong Governor Wilson Wei, Chief Secretary Howard, financial secretary Zhai Kecheng and Huifeng Daban Pu Weishi, have learned from their own channels and better understand what a Jianghu the Bilderberg meeting is.To put it bluntly, Gao Xian has the resource advantage outside the Xiangjiang plate, but he doesn't want to move!While having dinner with Sir Gao, Hong Kong Governor Wilson asked if he could help solve the problem of those South Vietnamese staying in Xiangjiang for a long time from the perspective of the Jianghu when attending the Bilderberg meeting.The rest of the people selected by the United States can't immigrate to the United States, and other developed capitalist countries don't accept them. From an official point of view, it's just cheating. Xiong Xiangjiang takes them first, but on average, each person spends more than 10000 Hong Kong dollars a year, with a total expenditure of hundreds of millions of Hong Kong dollars a year. It's really not a small amount.Gao Xian understands the distress of Hong Kong Governor Wei Yixin. In terms of age, Hong Kong Governor Wei Yixin thinks he is the last Hong Kong Governor and can work until 1997. Therefore, he wants to solve the problems during his term of office in the long run, and can't blame others."I can only find a chance to try. After all, it's my first time." Gao Xian's answer left him a lot of room. He didn't have to pull the bow full.
