Chapter 1052
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PS: bow and thank my book friend sidneyliu for his great reward. There must be more today
"It should be an attitude towards responsibility." Ma Shiheng certainly does not want to make any interpretation on such a delicate occasion so as not to be used by Huifeng. "I have submitted a report on the current situation faced by the HKMA. I believe the ongoing meeting of the HKMA can be taken seriously."
"Xiangjiang Futures Guarantee Company is faced with the risk of claims caused by the failure of a large number of futures index contracts to perform, and the margin and reserve may not be enough to compensate. Indeed, measures should be taken as soon as possible." Pu Weishi's tone was very ponderous. "The solution is nothing more than shareholders injecting capital or asking the government for assistance."
Ye Licheng shook the newspaper over there, "Huifeng's performance will reduce the pressure of Xiangjiang Futures Guarantee Company."
"When did Huifeng's credit disappoint people?" Pu Weishi's face couldn't help looking ugly. "What I want to emphasize is that the pressure faced by Xiangjiang Futures Guarantee Company is essentially insufficient liquidity under the current special circumstances. I don't know whether the meeting between the HKMA and the financial secretary has noticed this."
"Maybe we should propose to the HKMA to cut interest rates to increase liquidity. After all, in the American market, the Fed cuts interest rates to increase liquidity."
This kind of quarrel between the public and the private made the people present who were familiar with the pattern of Xiangjiang suddenly aware of something, even those who couldn't afford to lose and wanted to catch someone to bite, which also temporarily diverted their attention.
You know, for a long time, Huifeng has been recognized as the quasi Central Bank of Xiangjiang and the overlord of the banking industry. A specific manifestation of this position is that Huifeng is equivalent to the financial adviser of the Hong Kong government. Whenever there is a stock market disaster, banking crisis, economic crisis and so on, Huifeng will attend relevant meetings and give advice. Of course, it will not be idle at ordinary times.
But now, the Xiangjiang monetary authority and the financial secretary of the Hong Kong government are having a closed door meeting, while Huifeng Da Ban Pu Weishi is sitting here, waiting for first-hand information with everyone, and even beating around the Bush the thoughts of Sir Gao, President of the Xiangjiang monetary authority; The people are ready to propose interest rate cuts to the Xiangjiang monetary authority and the financial secretary; Quarrel with others again. It's a little cheaper
However, opening the gate and releasing water is indeed in line with the minds of everyone present. Who has no loan in the chips of the players in the capital market?
Amid the chatter, ye Licheng looked on coldly, or flipped through newspapers containing the latest developments in other markets around the world.
……
In the conference room of the Hong Kong Monetary Authority, the communication between the Hong Kong Monetary Authority and the financial secretary of the Hong Kong government has come to an end.
In response to Gao Xian's words that "ghosts can be trusted and sows can go up trees", ghost guys such as financial secretary Zhai Kecheng, financial secretary Lin Dingguo and securities Commissioner Yan shiting once supported Li Fuzhao's decision to suspend the market for four days, but it seems that there has never been that thing at this time. Eh, today's sharp decline in the stock market happened
What is this closed door meeting for? In short, discuss whether to rescue the market,
Zhai Kecheng, Lin Dingguo, Yan shiting and other ghosts introduced the current severe situation to Sir Gao, President of the monetary authority, who had just finished his business and returned to Xiangjiang, for his reference to make a decision on whether to rescue the market.
The so-called Zhengfu rescue must have been paid by the rich Xiangjiang foreign exchange fund.
It is not difficult to see that the ghost guy on the side of the Hong Kong government has such a neat lineup. Naturally, he hopes that Xiangjiang financial authority will rescue the market, which reflects the current power pattern.
Only by being in it, or looking at it from a similar perspective as possible, can we understand the complexity.
Xiangjiang's style has always been known for laissez faire. After entering the 1980s, it was revised to be active non intervention. This kind of behavior is either exterior or interior, real or virtual. There is no need to demonstrate in detail. Anyway, it is similar to a label of correct governance, which has won the favor of some huge forces.
Therefore, in this environment, the rescue of Xiangjiang financial authority under the leadership of Gao Xian is equivalent to intervening in the free stock market, which is a pioneer. "From zero to one" and "from one to two", there must be essential differences.
In fact, Li Fuzhao's decision to suspend the market for four days is not a measure to save the market, but what is the result?
Let's not talk about the victory or defeat, but analyze the performance of both opposition and support.
Opponents scolded while waiting for the results. If the stock market stops falling, everything will rest, and the stock market still falls, it will confirm their correctness, and then define Li Fuzhao as a sinner for generations, and even further promote teachers to ask for guilt, so as to achieve another purpose.
At this time, supporters are not necessarily excused for Li Fuzhao. They even want to have such a scapegoat, or worse, jump into the opposition camp, a virtue I was hoodwinked at the beginning.
At this time, Gao Xian is also facing a similar dangerous situation. If he asks Xiangjiang financial authority to take another step forward, tear off the label of "positive non intervention" style and receive a happy ending, naturally Hello, Hello, everyone, otherwise he is also a sinner and scapegoat.
But the Xiangjiang financial authority can't do anything. Gao Xian said the nonsense of "the exchange fund is the lender of last resort" first at the airport, which pointed out the mystery. The Xiangjiang financial authority can count on the last hurdle, which can't be avoided.
This is the depth of the Jianghu, which requires great responsibility, great wisdom, great perseverance and other qualities beyond ordinary people to deal with.
Therefore, at the meeting, everyone took for granted Sir Gao's cautious performance of silence and meditation from time to time.
What does Gao Xian think? Of course, he will rescue the market. This is a good time for the newly established Xiangjiang monetary authority to establish its authority, just as the Xiangjiang exchange fund authority solved the Hong Kong dollar crisis five years ago.
But how to do it is very particular.
What variables should be adjusted for such a complex financial system?
But before the stock market crash, the deposit interest rate of Xiangjiang banking industry had hit a record low, and even discussed the negative deposit interest rate because of the pressure of the appreciation of the Hong Kong dollar.
……
Gao Xian looked at his watch. It was almost seven thirty in the evening. The ghost guys were almost nagging, and Sir Gao understood almost from their point of view.
"I have decided that in view of the huge potential financial risks at present, the HKMA will take positive measures to intervene." Sir Gao clapped his hands skillfully, and the ghost guys breathed a sigh of relief.
Gao Xian continued: "in this way, let's rest for half an hour, and then convene the stock exchange, the futures exchange, the banking association, primary dealers of the HKMA, institutional representatives and so on to hold an expanded meeting. I want to listen to the broadest views and come up with a specific rescue plan before zero."
Everyone present, including ghost guy, has no objection. This process is very stable, but it's a little hard. We'd better hurry up to rest and replenish our physical strength and energy.
The people who gathered in the conference room of Xiangjiang futures exchange and waited for first-hand information naturally received the news immediately and were immediately inspired.
Pu Weishi further asked on the phone, "has the HKMA planned how to rescue the market?"
Zhai Kecheng replied slightly wearily, "measures including interest rate reduction have been discussed at the closed door meeting, but no formal plan has been formed. Sir Gao asked for an expanded meeting to listen to the widest range of opinions. However, based on my understanding of Sir Gao, it seems that he... Has a strategy, at least preliminary."
Please report us if you find any errors so we can fix it asap!
PS: bow and thank my book friend sidneyliu for his great reward. There must be more today
"It should be an attitude towards responsibility." Ma Shiheng certainly does not want to make any interpretation on such a delicate occasion so as not to be used by Huifeng. "I have submitted a report on the current situation faced by the HKMA. I believe the ongoing meeting of the HKMA can be taken seriously."
"Xiangjiang Futures Guarantee Company is faced with the risk of claims caused by the failure of a large number of futures index contracts to perform, and the margin and reserve may not be enough to compensate. Indeed, measures should be taken as soon as possible." Pu Weishi's tone was very ponderous. "The solution is nothing more than shareholders injecting capital or asking the government for assistance."
Ye Licheng shook the newspaper over there, "Huifeng's performance will reduce the pressure of Xiangjiang Futures Guarantee Company."
"When did Huifeng's credit disappoint people?" Pu Weishi's face couldn't help looking ugly. "What I want to emphasize is that the pressure faced by Xiangjiang Futures Guarantee Company is essentially insufficient liquidity under the current special circumstances. I don't know whether the meeting between the HKMA and the financial secretary has noticed this."
"Maybe we should propose to the HKMA to cut interest rates to increase liquidity. After all, in the American market, the Fed cuts interest rates to increase liquidity."
This kind of quarrel between the public and the private made the people present who were familiar with the pattern of Xiangjiang suddenly aware of something, even those who couldn't afford to lose and wanted to catch someone to bite, which also temporarily diverted their attention.
You know, for a long time, Huifeng has been recognized as the quasi Central Bank of Xiangjiang and the overlord of the banking industry. A specific manifestation of this position is that Huifeng is equivalent to the financial adviser of the Hong Kong government. Whenever there is a stock market disaster, banking crisis, economic crisis and so on, Huifeng will attend relevant meetings and give advice. Of course, it will not be idle at ordinary times.
But now, the Xiangjiang monetary authority and the financial secretary of the Hong Kong government are having a closed door meeting, while Huifeng Da Ban Pu Weishi is sitting here, waiting for first-hand information with everyone, and even beating around the Bush the thoughts of Sir Gao, President of the Xiangjiang monetary authority; The people are ready to propose interest rate cuts to the Xiangjiang monetary authority and the financial secretary; Quarrel with others again. It's a little cheaper
However, opening the gate and releasing water is indeed in line with the minds of everyone present. Who has no loan in the chips of the players in the capital market?
Amid the chatter, ye Licheng looked on coldly, or flipped through newspapers containing the latest developments in other markets around the world.
……
In the conference room of the Hong Kong Monetary Authority, the communication between the Hong Kong Monetary Authority and the financial secretary of the Hong Kong government has come to an end.
In response to Gao Xian's words that "ghosts can be trusted and sows can go up trees", ghost guys such as financial secretary Zhai Kecheng, financial secretary Lin Dingguo and securities Commissioner Yan shiting once supported Li Fuzhao's decision to suspend the market for four days, but it seems that there has never been that thing at this time. Eh, today's sharp decline in the stock market happened
What is this closed door meeting for? In short, discuss whether to rescue the market,
Zhai Kecheng, Lin Dingguo, Yan shiting and other ghosts introduced the current severe situation to Sir Gao, President of the monetary authority, who had just finished his business and returned to Xiangjiang, for his reference to make a decision on whether to rescue the market.
The so-called Zhengfu rescue must have been paid by the rich Xiangjiang foreign exchange fund.
It is not difficult to see that the ghost guy on the side of the Hong Kong government has such a neat lineup. Naturally, he hopes that Xiangjiang financial authority will rescue the market, which reflects the current power pattern.
Only by being in it, or looking at it from a similar perspective as possible, can we understand the complexity.
Xiangjiang's style has always been known for laissez faire. After entering the 1980s, it was revised to be active non intervention. This kind of behavior is either exterior or interior, real or virtual. There is no need to demonstrate in detail. Anyway, it is similar to a label of correct governance, which has won the favor of some huge forces.
Therefore, in this environment, the rescue of Xiangjiang financial authority under the leadership of Gao Xian is equivalent to intervening in the free stock market, which is a pioneer. "From zero to one" and "from one to two", there must be essential differences.
In fact, Li Fuzhao's decision to suspend the market for four days is not a measure to save the market, but what is the result?
Let's not talk about the victory or defeat, but analyze the performance of both opposition and support.
Opponents scolded while waiting for the results. If the stock market stops falling, everything will rest, and the stock market still falls, it will confirm their correctness, and then define Li Fuzhao as a sinner for generations, and even further promote teachers to ask for guilt, so as to achieve another purpose.
At this time, supporters are not necessarily excused for Li Fuzhao. They even want to have such a scapegoat, or worse, jump into the opposition camp, a virtue I was hoodwinked at the beginning.
At this time, Gao Xian is also facing a similar dangerous situation. If he asks Xiangjiang financial authority to take another step forward, tear off the label of "positive non intervention" style and receive a happy ending, naturally Hello, Hello, everyone, otherwise he is also a sinner and scapegoat.
But the Xiangjiang financial authority can't do anything. Gao Xian said the nonsense of "the exchange fund is the lender of last resort" first at the airport, which pointed out the mystery. The Xiangjiang financial authority can count on the last hurdle, which can't be avoided.
This is the depth of the Jianghu, which requires great responsibility, great wisdom, great perseverance and other qualities beyond ordinary people to deal with.
Therefore, at the meeting, everyone took for granted Sir Gao's cautious performance of silence and meditation from time to time.
What does Gao Xian think? Of course, he will rescue the market. This is a good time for the newly established Xiangjiang monetary authority to establish its authority, just as the Xiangjiang exchange fund authority solved the Hong Kong dollar crisis five years ago.
But how to do it is very particular.
What variables should be adjusted for such a complex financial system?
But before the stock market crash, the deposit interest rate of Xiangjiang banking industry had hit a record low, and even discussed the negative deposit interest rate because of the pressure of the appreciation of the Hong Kong dollar.
……
Gao Xian looked at his watch. It was almost seven thirty in the evening. The ghost guys were almost nagging, and Sir Gao understood almost from their point of view.
"I have decided that in view of the huge potential financial risks at present, the HKMA will take positive measures to intervene." Sir Gao clapped his hands skillfully, and the ghost guys breathed a sigh of relief.
Gao Xian continued: "in this way, let's rest for half an hour, and then convene the stock exchange, the futures exchange, the banking association, primary dealers of the HKMA, institutional representatives and so on to hold an expanded meeting. I want to listen to the broadest views and come up with a specific rescue plan before zero."
Everyone present, including ghost guy, has no objection. This process is very stable, but it's a little hard. We'd better hurry up to rest and replenish our physical strength and energy.
The people who gathered in the conference room of Xiangjiang futures exchange and waited for first-hand information naturally received the news immediately and were immediately inspired.
Pu Weishi further asked on the phone, "has the HKMA planned how to rescue the market?"
Zhai Kecheng replied slightly wearily, "measures including interest rate reduction have been discussed at the closed door meeting, but no formal plan has been formed. Sir Gao asked for an expanded meeting to listen to the widest range of opinions. However, based on my understanding of Sir Gao, it seems that he... Has a strategy, at least preliminary."
PS: bow and thank my book friend sidneyliu for his great reward. There must be more today"It should be an attitude towards responsibility." Ma Shiheng certainly does not want to make any interpretation on such a delicate occasion so as not to be used by Huifeng. "I have submitted a report on the current situation faced by the HKMA. I believe the ongoing meeting of the HKMA can be taken seriously.""Xiangjiang Futures Guarantee Company is faced with the risk of claims caused by the failure of a large number of futures index contracts to perform, and the margin and reserve may not be enough to compensate. Indeed, measures should be taken as soon as possible." Pu Weishi's tone was very ponderous. "The solution is nothing more than shareholders injecting capital or asking the government for assistance."Ye Licheng shook the newspaper over there, "Huifeng's performance will reduce the pressure of Xiangjiang Futures Guarantee Company.""When did Huifeng's credit disappoint people?" Pu Weishi's face couldn't help looking ugly. "What I want to emphasize is that the pressure faced by Xiangjiang Futures Guarantee Company is essentially insufficient liquidity under the current special circumstances. I don't know whether the meeting between the HKMA and the financial secretary has noticed this.""Maybe we should propose to the HKMA to cut interest rates to increase liquidity. After all, in the American market, the Fed cuts interest rates to increase liquidity."This kind of quarrel between the public and the private made the people present who were familiar with the pattern of Xiangjiang suddenly aware of something, even those who couldn't afford to lose and wanted to catch someone to bite, which also temporarily diverted their attention.You know, for a long time, Huifeng has been recognized as the quasi Central Bank of Xiangjiang and the overlord of the banking industry. A specific manifestation of this position is that Huifeng is equivalent to the financial adviser of the Hong Kong government. Whenever there is a stock market disaster, banking crisis, economic crisis and so on, Huifeng will attend relevant meetings and give advice. Of course, it will not be idle at ordinary times.But now, the Xiangjiang monetary authority and the financial secretary of the Hong Kong government are having a closed door meeting, while Huifeng Da Ban Pu Weishi is sitting here, waiting for first-hand information with everyone, and even beating around the Bush the thoughts of Sir Gao, President of the Xiangjiang monetary authority; The people are ready to propose interest rate cuts to the Xiangjiang monetary authority and the financial secretary; Quarrel with others again. It's a little cheaperHowever, opening the gate and releasing water is indeed in line with the minds of everyone present. Who has no loan in the chips of the players in the capital market?Amid the chatter, ye Licheng looked on coldly, or flipped through newspapers containing the latest developments in other markets around the world.In the conference room of the Hong Kong Monetary Authority, the communication between the Hong Kong Monetary Authority and the financial secretary of the Hong Kong government has come to an end.In response to Gao Xian's words that "ghosts can be trusted and sows can go up trees", ghost guys such as financial secretary Zhai Kecheng, financial secretary Lin Dingguo and securities Commissioner Yan shiting once supported Li Fuzhao's decision to suspend the market for four days, but it seems that there has never been that thing at this time. Eh, today's sharp decline in the stock market happenedWhat is this closed door meeting for? In short, discuss whether to rescue the market,Zhai Kecheng, Lin Dingguo, Yan shiting and other ghosts introduced the current severe situation to Sir Gao, President of the monetary authority, who had just finished his business and returned to Xiangjiang, for his reference to make a decision on whether to rescue the market.The so-called Zhengfu rescue must have been paid by the rich Xiangjiang foreign exchange fund.It is not difficult to see that the ghost guy on the side of the Hong Kong government has such a neat lineup. Naturally, he hopes that Xiangjiang financial authority will rescue the market, which reflects the current power pattern.Only by being in it, or looking at it from a similar perspective as possible, can we understand the complexity.Xiangjiang's style has always been known for laissez faire. After entering the 1980s, it was revised to be active non intervention. This kind of behavior is either exterior or interior, real or virtual. There is no need to demonstrate in detail. Anyway, it is similar to a label of correct governance, which has won the favor of some huge forces.Therefore, in this environment, the rescue of Xiangjiang financial authority under the leadership of Gao Xian is equivalent to intervening in the free stock market, which is a pioneer. "From zero to one" and "from one to two", there must be essential differences.In fact, Li Fuzhao's decision to suspend the market for four days is not a measure to save the market, but what is the result?Let's not talk about the victory or defeat, but analyze the performance of both opposition and support.Opponents scolded while waiting for the results. If the stock market stops falling, everything will rest, and the stock market still falls, it will confirm their correctness, and then define Li Fuzhao as a sinner for generations, and even further promote teachers to ask for guilt, so as to achieve another purpose.At this time, supporters are not necessarily excused for Li Fuzhao. They even want to have such a scapegoat, or worse, jump into the opposition camp, a virtue I was hoodwinked at the beginning.At this time, Gao Xian is also facing a similar dangerous situation. If he asks Xiangjiang financial authority to take another step forward, tear off the label of "positive non intervention" style and receive a happy ending, naturally Hello, Hello, everyone, otherwise he is also a sinner and scapegoat.But the Xiangjiang financial authority can't do anything. Gao Xian said the nonsense of "the exchange fund is the lender of last resort" first at the airport, which pointed out the mystery. The Xiangjiang financial authority can count on the last hurdle, which can't be avoided.This is the depth of the Jianghu, which requires great responsibility, great wisdom, great perseverance and other qualities beyond ordinary people to deal with.Therefore, at the meeting, everyone took for granted Sir Gao's cautious performance of silence and meditation from time to time.What does Gao Xian think? Of course, he will rescue the market. This is a good time for the newly established Xiangjiang monetary authority to establish its authority, just as the Xiangjiang exchange fund authority solved the Hong Kong dollar crisis five years ago.But how to do it is very particular.What variables should be adjusted for such a complex financial system?But before the stock market crash, the deposit interest rate of Xiangjiang banking industry had hit a record low, and even discussed the negative deposit interest rate because of the pressure of the appreciation of the Hong Kong dollar.Gao Xian looked at his watch. It was almost seven thirty in the evening. The ghost guys were almost nagging, and Sir Gao understood almost from their point of view."I have decided that in view of the huge potential financial risks at present, the HKMA will take positive measures to intervene." Sir Gao clapped his hands skillfully, and the ghost guys breathed a sigh of relief.Gao Xian continued: "in this way, let's rest for half an hour, and then convene the stock exchange, the futures exchange, the banking association, primary dealers of the HKMA, institutional representatives and so on to hold an expanded meeting. I want to listen to the broadest views and come up with a specific rescue plan before zero."Everyone present, including ghost guy, has no objection. This process is very stable, but it's a little hard. We'd better hurry up to rest and replenish our physical strength and energy.The people who gathered in the conference room of Xiangjiang futures exchange and waited for first-hand information naturally received the news immediately and were immediately inspired.Pu Weishi further asked on the phone, "has the HKMA planned how to rescue the market?"Zhai Kecheng replied slightly wearily, "measures including interest rate reduction have been discussed at the closed door meeting, but no formal plan has been formed. Sir Gao asked for an expanded meeting to listen to the widest range of opinions. However, based on my understanding of Sir Gao, it seems that he... Has a strategy, at least preliminary."
