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Rebirth capital madman - Chapter 1075

Published at 17th of March 2022 07:08:12 PM


Chapter 1075

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If you have a general understanding of the routine of ghost guy cleaning the Xiangjiang securities industry, you will understand how passive an organization like the Xiangjiang Securities Industry Review Committee, which lays the foundation for legislation, is when Gao Xian's report on the Xiangjiang securities industry is issued.

The four associations of Xiangjiang securities industry merged into Xiangjiang stock exchange. In this only legal trading platform of Xiangjiang, the important position from top to bottom is Chinese, and the ghost guy is further marginalized.

In the Black Monday stock market crash, the Chinese management of Xiangjiang stock exchange led by Li Fuzhao misjudged the situation and suspended the market for four days, which led to verbal and written criticism and resentment caused by accumulated disadvantages. The underlying market of lianxiangjiang, the base camp, could not be maintained. The financial secretary, the financial secretary and the securities industry supervisor who supported the four-day suspension of the market by the Hong Kong government did not have the endorsement of Zhengzhi, which immediately became a situation where the wall fell and everyone pushed.

In this case, the Xiangjiang Securities Industry Review Committee controlled by the ghost man came into being naturally; Through the Independent Commission against corruption, remove a nest of senior executives of Xiangjiang stock exchange; The backbone of the Committee of Xiangjiang stock exchange was forcibly suspended; Establish a management committee to replace the Committee of Xiangjiang stock exchange; Huo Liyi, an airborne ghost, served as the chief executive, took over daily affairs and preliminarily completed the seizure of power over Xiangjiang stock exchange.

Next, Huo Liyi digested the power of Xiangjiang stock exchange; At the same time, Xiangjiang securities industry review committee spent some time to write a problem investigation and rectification report; The Hong Kong government fully accepts and provides legislative escort for the thorough cleaning of Xiangjiang securities industry.

However, at this node, the media inadvertently took out the views of Sir Gao, President of Xiangjiang financial authority, on Xiangjiang securities industry.

How powerful is this high string report?

After reading it calmly, Davis realized that with the Zhuyu of Gaoxian report in front, his Davis report would only be regarded as a pick-up, which would bring great trouble to who would preside over the reform of Xiangjiang securities industry.

Huo Liyi should have finished reading Gao Xian's report and couldn't wait to find Davis overnight to urgently discuss countermeasures. Our brothers are the vanguard in the front and must reach a consensus as soon as possible.

"This so-called experience note is actually a high string report. Do you think it is really unintentionally exposed?" Davis took a chance suspiciously.

"This problem is no longer important." Huo Liyi shook his head. "I've been an assistant securities Commissioner in Xiangjiang for several years. I know more about local affairs in Xiangjiang."

"As early as before the outbreak of the Hong Kong dollar in 1982, Gao Xian, as a member of the Executive Council and a leader in the financial industry, issued an influential Gao Xian report on the harm of the continued weakness of the Hong Kong dollar exchange rate, laying a legislative foundation for the establishment of the Xiangjiang exchange fund authority."

"For the banking industry, Gao Xian also issued a report with the minimum asset flow ratio of the banking industry as the core, which led to the revision of the banking regulations, formed a series of important policies to prevent the banking crisis, and laid the foundation for the establishment of Xiangjiang financial authority."

"At this time, the high string report on the securities industry jumped out again, which must be to compete with us for the control of Xiangjiang securities industry and the stock exchange." Huo Liyi's tone was very firm.

"There is no room for manoeuvre..." Davis was very big. "The success of the HKMA in rescuing the market is still quite recognized; the suspension of the listing of TraHK fund can also provoke some people's anxiety. If the HKMA just takes this as a breakthrough and gets involved, it may occupy more or less of the name. The key is that this high string report is really annoying!"

"This is Gao Xian's consistent style." Huo Liyi's eyes flickered. "Do you think the HKMA wants a new CSRC or the stock exchange?"

"In terms of familiarity with the local situation of Xiangjiang, you are much better than me. Do you want to ask me?" Davis was a little confused about Huo Liyi's mind.

"Blame me for not being accurate." Huo Liyi quickly corrected, "among the new CSRC and the stock exchange, which one will Gao Xian choose as the primary goal?"

Davis thought and replied, "from the perspective of the HKMA, naturally, the new CSRC is the fundamental, and it should be won first."

"Come with me." Huo Liyi nodded. "We have such division of labor. Now it's still working hours in London. You should communicate with that side quickly; as for me, go to contact the local support forces, including the government officials."

……

In the past few days, the media in Xiangjiang, which operated all night, launched the Gaoxian report and put it on the front page of the headlines, and suddenly robbed the hot spot where Li Fuzhao, the godfather of Xiangjiang stock exchange, who was deprived of power and out of the Xiangjiang stock exchange, was facing the disaster of imprisonment.

However, elites who are familiar with the evolution of Xiangjiang's financial order after the 1980s suddenly smell the familiar smell from another high string report.

In particular, the interpretation of various media has noticed Sir Gao's attitude, that is, although Xiangjiang international financial center has unique advantages, it is limited in size. The higher the degree of internationalization, the more obvious this congenital weakness.

For example, in a securities industry, Nomura Securities alone has a capital of $20 billion; The international giants on Wall Street in the United States have great energy.

How much pressure did the default risk of about HK $200 billion in the Hang Seng index futures market cause in the Black Monday stock disaster?

Therefore, only by building a multidimensional and three-dimensional regulatory system can Xiangjiang finance not only develop vigorously, but also effectively control risks.

What is multidimensional?

It's already obvious that Xiangjiang financial administration wants to take over the supervision power of the securities industry.

Since Sir Gao released this report to the media, he must have expected to be interpreted. In other words, Xiangjiang monetary authority has already spoken!

This is gossip.

Because the Xiangjiang securities industry review committee did not involve the Xiangjiang financial authority, it is reasonable that the Xiangjiang financial authority has been effective in rescuing the market. With this credit, it is fully qualified to enter the Xiangjiang Securities Industry Review Committee and at least be a consultant. Is there anything fishy in it?

In the morning, Davis, chairman of Xiangjiang Securities Industry Review Committee, was blocked by media reporters and asked how to view the fact that Xiangjiang monetary authority wanted to be included in the supervision of the securities industry?

Davis replied solemnly, "first of all, sir Gao, President of the HKMA, did not publicly express this attitude. You are all guessing; second, if the HKMA does have this intention, it would be like treating itself as an all-round player."

In the afternoon, a spokesman for the Xiangjiang monetary authority responded to Davis's remarks. "The HKMA has always been cautious in its work and actively learned successful experience from international peers, such as the Singapore monetary authority in Southeast Asia."

Of course, the media can correctly interpret this answer similar to diplomatic rhetoric. The Singapore monetary authority integrates banking supervision, insurance supervision and securities supervision. It is also an all-round player. What's the fuss and deliberately pretending to be confused?




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