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Rebirth capital madman - Chapter 1121

Published at 20th of December 2022 05:31:52 AM


Chapter 1121

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It has been almost seven or eight months since the global stock market crash on October 19 last year caused a major shock in the Hong Kong securities industry, and the dispute over the regulatory authority of the securities industry in Hong Kong has surfaced. , is enough, basically, the contradiction and the problem are about the same.

In his briefing, Sir Gao summed it up as follows: For the distribution of benefits that is criticized, I will be the villain who readjusts; the responsibility for redesigning the mechanism from the top to solve the problem is also borne by me. The historical pressure of merit and demerit must be faced bravely. Otherwise, the existing advantages of Hong Kong as an international financial center will be lost, and in the end, the interests of all will be damaged.

Having said this, Gao Xian made a rounded bow, so next, I ask everyone to bear more and support the work of the Xiahe Hong Kong Monetary Authority. It is foreseeable that even if we try our best to strive for the greatest common divisor, we will still It is inevitable that there are places that cannot be taken into account, but please believe that it is worthwhile for the long-term development of this big platform of Xiangjiang!

Everyone knew that Gao Xian had such a foreshadowing, and he would definitely implement the new regulatory mechanism of the Hong Kong Monetary Authority for the securities industry of Hong Kong with an iron fist. There will inevitably be some people who will resist because of the damage to their interests, and then be pulled out to sacrifice the flag, and they will not. Know if any of the guests present will be the unlucky one.

However, as long as anyone with a bit of foresight understands that in order to win the trust of international capital in Hong Kong's stock market environment, and to maintain Hong Kong's further advantages as an international financial center, the reform of Hong Kong's securities industry is inevitable. Characters to lead, Sir Gao is the best choice.

You must know that the Chinese in Hong Kong who have the so-called qualifications of Sir Bigao are all elderly, and have shortcomings such as not being able to speak English, not being conducive to communication with various forces, etc. Moreover, even if they have the so-called qualifications, they may not be comparable to Gao. The achievements of the jazz, and then the prestige is inferior to that of the high jazz.

It is no exaggeration to say that no one in Hong Kong dares to stand up confidently and claim that he is better than Sir Gao.

In addition to the well-known advantages of business leaders and public office resumes, Sir Gao started at a very young age, lived in the wooden house area, lived in a tenement building, and worked as a grass-roots staff. Sir Gao married the daughter of an aristocratic family, and he has a solid foundation in the circle of famous families in Hong Kong; Sir Gao is unparalleled in his faith, and there are not a few people who have been helped for so many years, and he has a solid network of contacts...

Therefore, despite being so modest, Sir Gao asked for understanding and support in advance, but his confidence was beyond words.

Regarding the Hong Kong Monetary Authority's new regulatory mechanism for the Hong Kong securities industry, Gao Xian did not list it in detail, because it is not necessary for this occasion, and the Hong Kong Monetary Authority will always hold a corresponding press conference.

Gao Xian only mentioned a few ideas in terms of organization and personnel, and the word decision is actually correct.

First, under the Hong Kong Monetary Authority, a new Hong Kong Securities and Futures Commission will be established, including the functions of the Securities Commission and the Commodity Exchange Commission, which were originally subordinated to the Financial Secretary of the Hong Kong Government.

Obviously, the new Hong Kong Securities and Futures Commission is the new regulatory mechanism of the Hong Kong Monetary Authority for the Hong Kong securities industry. the instructions, or even the Hong Kong Securities Regulatory Commission simply came up with a complete plan, you can save time and follow it.

Who will be the first chairman of such an important Hong Kong Securities Regulatory Commission?

Sir Gao is not hiding at all. I will take the post for half a year first. It is foreseeable that Yin Shi of the Hong Kong Securities Regulatory Commission is facing great pressure, so I will fight.

In fact, Sir Gao is really not a big boss. During the period of letting the bullets fly for a while, many things have been led to reach a consensus.

As far as talents are concerned, regardless of the rapid and prosperous development of Heung Kong securities industry in the past ten years, it is natural that many elites must have emerged, but one thing is that these are market talents, not supervisory talents. The difference is still huge.

This talent distribution is similar in other fields.

How do the various regulatory functions work? Naturally, the old ghosts in the Hong Kong government have mastered it!

It is not difficult to understand that teaching market economics can be done, but the quality of wage earners must always be possessed.

In this case, even if there are very few qualified Chinese supervisors, they will be bound by the well-crafted rules and regulations. It is not that they are not smart enough, but their cognition is locked, let alone courage and responsibility. , the first chairman of the Hong Kong Securities Regulatory Commission, really can only be held concurrently by Sir Gao. Without the leadership of powerful figures, this reform of the Hong Kong securities industry, even if it does not fail, will procrastinate and miss many international opportunities.

Second, if the board of directors of the Heung Kong Stock Exchange is to be re-elected, it cannot be firmly entrenched by the "four associations" of the original Far East Exchange, Kowloon Stock Exchange, Gold and Silver Stock Exchange, and Heung Kong Stock Exchange. Representatives of members who joined Heung Kong Stock Exchange, and independent directors from Heung Kong Social Oversight.

The chairman of the board of the new Hong Kong Stock Exchange, Sir Gao recommended Yi Weiguo as the chairman.

Third, the Heungkong Futures Exchange and the Heungkong Stock Exchange were combined to form the Heungkong Exchange and established a central clearing mechanism for the Heungkong securities industry. Therefore, Sir Gao recommended Ma Shiheng, the CEO of the Heungkong Futures Exchange, to serve as the chief executive officer of the Heungkong Stock Exchange. President, it is not difficult to understand.

Personnel arrangements are always the top priority. The elders got these confirmation information at the first time, which is definitely a worthwhile trip. As for how they feel, especially those who are not convinced, how mixed their tastes can't be. One by one expressed.

Huifeng Vice Chairman Ge Lai held back and returned to the Huifeng Headquarters building, sneering: "Gao Xian is really good. During the transition period, the emotion of the Hong Kong Chinese elites who could not bear to take over power was caught on the spot. No one thought of him as cronyism."

"It's just that vested interests can't be moved easily. The income of the Heung Kong Stock Exchange will be distributed to the new Securities Regulatory Commission, and the members of the Board of Directors of the Heung Kong Stock Exchange will cancel the preferential treatment of new shares... I don't believe it, everyone will be happy. Promise quickly!"

Pu Weishi laughed lightly, "Then watch the Chinese infighting quietly, we just concentrate on our own important affairs."

I have to admit that the old ghost elites are not given for nothing. The observation of the situation is accurate. After the Hong Kong Monetary Authority officially took over the supervision of the Hong Kong securities industry, as expected, there was resistance and even resistance among the Chinese elites in Hong Kong.





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