Chapter 791
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Although there was a public quarrel between Gao Xian and financial secretary Peng Lizhi, he deliberately controlled the contradiction only between them, because at this level, Gao's family is confident that even the worst situation will not lead to unbearable or uncontrollable immediate losses.
As for public gossip and media hype, Gao Xian doesn't mind Secretly adding fuel to the fire. In fact, this is also one of the main pressures felt by the Hong Kong government.
On the evening of September 24, when financial secretary Chris Pang publicly stated his position, Gao Xian received a notice from the Hong Kong government that governor Youde, Deputy Chief Secretary Xia Dingji and financial secretary Chris Pang, together with the Hong Kong Banking Association, would study another interest rate increase.
In this regard, people with clear eyes are naturally not surprised. After all, the Hong Kong government announced that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions, which is only the minimum hard measures; The statement that we are actively formulating a plan to stabilize the Hong Kong dollar is a permanent measure, but it will take some time to launch and implement. In this buffer time, the banking industry is indispensable to help stabilize the situation.
After all the parties took their seats in the conference room, Gao Xian noticed a fascinating situation. The Hong Kong government has a huge lineup. Apart from routine representatives such as the financial secretary and the Commissioner of banking, as well as the first and second leaders who have to appear under special circumstances such as governor Youde and Deputy Chief Secretary Xia Dingji, what are the Secretary for economic services, Zhai Kecheng The director general of trade, Michael McGonagall, and other heads of departments involved in the economy were also present. It seems that Peng Lizhi, an airborne financial secretary who is not a civil servant of the Hong Kong government, is very likely to carry the pot.
By the way, Xiangjiang has indeed provided many decent jobs for the British.
The agenda was simple and efficient. It was announced by the authority of the Hong Kong government. In order to support the plummeting Hong Kong dollar, the deposit interest increased by 3%, which was passed by the banking representatives without objection.
The "business" was finished so quickly that the atmosphere of the meeting was delicate.
You know, for the current Hong Kong dollar crisis, financial secretary Peng Lizhi finally said publicly that the government is actively formulating a plan to stabilize the Hong Kong dollar, which is the fundamental solution. No matter what the content of the plan to stabilize the Hong Kong dollar is, it is inseparable from the support of the banking industry. It must take advantage of this occasion to blow the wind.
Of course, the Hong Kong government knows that it can never build a car behind closed doors. What's more, it can't build a car behind closed doors.
Furthermore, Xiangjiang, a product of its special history, is no better than a large economy with vast land and rich population. There is limited room for monetary policy choice. Only by holding the thigh of foreign exchange reserves can we maintain the status of the Hong Kong dollar. Sir Gao has already exhausted the perfect solution - the improved currency board system, Write the most appropriate answer in advance.
Under such circumstances, if the Hong Kong government really works behind closed doors and then publishes its plan to stabilize the Hong Kong dollar, it will have a lot of fun if it is found that it is similar to Sir Gao's method.
Therefore, at this time, whether the banking industry wants to make psychological preparations in advance for the Hong Kong government's plan to stabilize the Hong Kong dollar, or the Hong Kong government wants to have a decent way to appear for the plan to stabilize the Hong Kong dollar, it needs to take advantage of this occasion to do a good job in communication.
Feeling that governor Youde and Deputy Chief Secretary Xia Dingji glanced at themselves, financial secretary Peng Lizhi hardened his head and opened his mouth. "During the period when Deputy Chief Secretary Sir Xia Dingji served as financial secretary, sir Gao suggested that the improved and optimized currency board system has been tested on a small scale for more than a year. Judging from its performance, it should be able to stabilize the Hong Kong dollar."
The financial secretary, Mr Patrick Pang, does not mean to butter up the Deputy Secretary for political affairs, Mr Xia Dingji, but to protect the face of the Hong Kong government. Even if we have no choice but to adopt Sir Gao's improved currency board system, it is not the credit of Sir Gao alone. The Hong Kong government also has the credit of its founder status.
None of the people here was a fool. They immediately understood the intentions of the British people in the Hong Kong government and couldn't help looking at Gao Xian.
"After more than a year of small-scale experiments permitted by the Zhengfu and the continuous improvement of financial experts, this improved currency board system is believed to be competent for the responsibility of stabilizing the Hong Kong dollar." Sir Gao did not bother about how to divide the credit, but calmly went straight to the core issue of his concern, "However, as the financial secretary was worried before, this improved currency board system needs to be backed by strong foreign exchange reserves, and the exchange fund provides the most important foreign exchange reserves for Xiangjiang. Unfortunately, the operation performance in recent years is not satisfactory."
"In view of this, has the government considered separating the operation of the exchange fund from that of professionals and accepting the supervision of public institutions?"
"My previous statement still counts. I am willing to share my worries for the government, and I still promise that in five years, the asset scale of the exchange fund will exceed US $30 billion from the current several billion US dollars."
The representatives of the banking industry were inspired. This is the real play!
The Deputy Secretary for political affairs, Mr Martin Harding Kee, kindly reminded: "Sir Gao, it is very difficult to increase the size of the exchange fund from several billion US dollars to more than 30 billion US dollars in five years. It is not too difficult to describe it as a miracle. I know Sir Gao is dedicated to the public, but Sir Gao does not need to undertake too many heavy tasks that should be shared by everyone in the public sphere."
"Thank you for your concern." Gao Xian smiled, "but I think there can be no less ideals. Xiangjiang has given me a lot. I am willing to devote myself to the long-term development of Xiangjiang."
Speaking of this, governor Youde finally said, "in this way, actively formulate a plan to stabilize the Hong Kong dollar, including studying the independent operation of the exchange fund."
……
As the saying goes, there are many people with mixed mouths. After the meeting, informed people soon learned the contents of the meeting, but the Hong Kong government did not break its promise. It did start to study the independence of the operation of the exchange fund, which immediately gave reporters another opportunity to show their great powers.
For the purpose of stabilizing the Hong Kong dollar after failing to blackmail, the Hong Kong government is really happy to see the media making such a fuss.
Therefore, the improved currency board system and the independent operation of the exchange fund began to push from the professional circle to the public, and became a new hot topic of "consumption".
But one thing is that this kind of "consumption" is inevitably a little high. Ordinary people are more surprised at Gao Xian.
What, sir Gao boasted that in five years, the asset scale of the exchange fund has exceeded US $30 billion from several billion US dollars?
In that case, there is no reason why Sir Gao should not be allowed to manage the exchange fund!
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Although there was a public quarrel between Gao Xian and financial secretary Peng Lizhi, he deliberately controlled the contradiction only between them, because at this level, Gao's family is confident that even the worst situation will not lead to unbearable or uncontrollable immediate losses.
As for public gossip and media hype, Gao Xian doesn't mind Secretly adding fuel to the fire. In fact, this is also one of the main pressures felt by the Hong Kong government.
On the evening of September 24, when financial secretary Chris Pang publicly stated his position, Gao Xian received a notice from the Hong Kong government that governor Youde, Deputy Chief Secretary Xia Dingji and financial secretary Chris Pang, together with the Hong Kong Banking Association, would study another interest rate increase.
In this regard, people with clear eyes are naturally not surprised. After all, the Hong Kong government announced that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions, which is only the minimum hard measures; The statement that we are actively formulating a plan to stabilize the Hong Kong dollar is a permanent measure, but it will take some time to launch and implement. In this buffer time, the banking industry is indispensable to help stabilize the situation.
After all the parties took their seats in the conference room, Gao Xian noticed a fascinating situation. The Hong Kong government has a huge lineup. Apart from routine representatives such as the financial secretary and the Commissioner of banking, as well as the first and second leaders who have to appear under special circumstances such as governor Youde and Deputy Chief Secretary Xia Dingji, what are the Secretary for economic services, Zhai Kecheng The director general of trade, Michael McGonagall, and other heads of departments involved in the economy were also present. It seems that Peng Lizhi, an airborne financial secretary who is not a civil servant of the Hong Kong government, is very likely to carry the pot.
By the way, Xiangjiang has indeed provided many decent jobs for the British.
The agenda was simple and efficient. It was announced by the authority of the Hong Kong government. In order to support the plummeting Hong Kong dollar, the deposit interest increased by 3%, which was passed by the banking representatives without objection.
The "business" was finished so quickly that the atmosphere of the meeting was delicate.
You know, for the current Hong Kong dollar crisis, financial secretary Peng Lizhi finally said publicly that the government is actively formulating a plan to stabilize the Hong Kong dollar, which is the fundamental solution. No matter what the content of the plan to stabilize the Hong Kong dollar is, it is inseparable from the support of the banking industry. It must take advantage of this occasion to blow the wind.
Of course, the Hong Kong government knows that it can never build a car behind closed doors. What's more, it can't build a car behind closed doors.
Furthermore, Xiangjiang, a product of its special history, is no better than a large economy with vast land and rich population. There is limited room for monetary policy choice. Only by holding the thigh of foreign exchange reserves can we maintain the status of the Hong Kong dollar. Sir Gao has already exhausted the perfect solution - the improved currency board system, Write the most appropriate answer in advance.
Under such circumstances, if the Hong Kong government really works behind closed doors and then publishes its plan to stabilize the Hong Kong dollar, it will have a lot of fun if it is found that it is similar to Sir Gao's method.
Therefore, at this time, whether the banking industry wants to make psychological preparations in advance for the Hong Kong government's plan to stabilize the Hong Kong dollar, or the Hong Kong government wants to have a decent way to appear for the plan to stabilize the Hong Kong dollar, it needs to take advantage of this occasion to do a good job in communication.
Feeling that governor Youde and Deputy Chief Secretary Xia Dingji glanced at themselves, financial secretary Peng Lizhi hardened his head and opened his mouth. "During the period when Deputy Chief Secretary Sir Xia Dingji served as financial secretary, sir Gao suggested that the improved and optimized currency board system has been tested on a small scale for more than a year. Judging from its performance, it should be able to stabilize the Hong Kong dollar."
The financial secretary, Mr Patrick Pang, does not mean to butter up the Deputy Secretary for political affairs, Mr Xia Dingji, but to protect the face of the Hong Kong government. Even if we have no choice but to adopt Sir Gao's improved currency board system, it is not the credit of Sir Gao alone. The Hong Kong government also has the credit of its founder status.
None of the people here was a fool. They immediately understood the intentions of the British people in the Hong Kong government and couldn't help looking at Gao Xian.
"After more than a year of small-scale experiments permitted by the Zhengfu and the continuous improvement of financial experts, this improved currency board system is believed to be competent for the responsibility of stabilizing the Hong Kong dollar." Sir Gao did not bother about how to divide the credit, but calmly went straight to the core issue of his concern, "However, as the financial secretary was worried before, this improved currency board system needs to be backed by strong foreign exchange reserves, and the exchange fund provides the most important foreign exchange reserves for Xiangjiang. Unfortunately, the operation performance in recent years is not satisfactory."
"In view of this, has the government considered separating the operation of the exchange fund from that of professionals and accepting the supervision of public institutions?"
"My previous statement still counts. I am willing to share my worries for the government, and I still promise that in five years, the asset scale of the exchange fund will exceed US $30 billion from the current several billion US dollars."
The representatives of the banking industry were inspired. This is the real play!
The Deputy Secretary for political affairs, Mr Martin Harding Kee, kindly reminded: "Sir Gao, it is very difficult to increase the size of the exchange fund from several billion US dollars to more than 30 billion US dollars in five years. It is not too difficult to describe it as a miracle. I know Sir Gao is dedicated to the public, but Sir Gao does not need to undertake too many heavy tasks that should be shared by everyone in the public sphere."
"Thank you for your concern." Gao Xian smiled, "but I think there can be no less ideals. Xiangjiang has given me a lot. I am willing to devote myself to the long-term development of Xiangjiang."
Speaking of this, governor Youde finally said, "in this way, actively formulate a plan to stabilize the Hong Kong dollar, including studying the independent operation of the exchange fund."
……
As the saying goes, there are many people with mixed mouths. After the meeting, informed people soon learned the contents of the meeting, but the Hong Kong government did not break its promise. It did start to study the independence of the operation of the exchange fund, which immediately gave reporters another opportunity to show their great powers.
For the purpose of stabilizing the Hong Kong dollar after failing to blackmail, the Hong Kong government is really happy to see the media making such a fuss.
Therefore, the improved currency board system and the independent operation of the exchange fund began to push from the professional circle to the public, and became a new hot topic of "consumption".
But one thing is that this kind of "consumption" is inevitably a little high. Ordinary people are more surprised at Gao Xian.
What, sir Gao boasted that in five years, the asset scale of the exchange fund has exceeded US $30 billion from several billion US dollars?
In that case, there is no reason why Sir Gao should not be allowed to manage the exchange fund!
Although there was a public quarrel between Gao Xian and financial secretary Peng Lizhi, he deliberately controlled the contradiction only between them, because at this level, Gao's family is confident that even the worst situation will not lead to unbearable or uncontrollable immediate losses.As for public gossip and media hype, Gao Xian doesn't mind Secretly adding fuel to the fire. In fact, this is also one of the main pressures felt by the Hong Kong government.On the evening of September 24, when financial secretary Chris Pang publicly stated his position, Gao Xian received a notice from the Hong Kong government that governor Youde, Deputy Chief Secretary Xia Dingji and financial secretary Chris Pang, together with the Hong Kong Banking Association, would study another interest rate increase.In this regard, people with clear eyes are naturally not surprised. After all, the Hong Kong government announced that it is illegal for anyone in Xiangjiang to require the use of foreign currency in local transactions, which is only the minimum hard measures; The statement that we are actively formulating a plan to stabilize the Hong Kong dollar is a permanent measure, but it will take some time to launch and implement. In this buffer time, the banking industry is indispensable to help stabilize the situation.After all the parties took their seats in the conference room, Gao Xian noticed a fascinating situation. The Hong Kong government has a huge lineup. Apart from routine representatives such as the financial secretary and the Commissioner of banking, as well as the first and second leaders who have to appear under special circumstances such as governor Youde and Deputy Chief Secretary Xia Dingji, what are the Secretary for economic services, Zhai Kecheng The director general of trade, Michael McGonagall, and other heads of departments involved in the economy were also present. It seems that Peng Lizhi, an airborne financial secretary who is not a civil servant of the Hong Kong government, is very likely to carry the pot.By the way, Xiangjiang has indeed provided many decent jobs for the British.The agenda was simple and efficient. It was announced by the authority of the Hong Kong government. In order to support the plummeting Hong Kong dollar, the deposit interest increased by 3%, which was passed by the banking representatives without objection.The "business" was finished so quickly that the atmosphere of the meeting was delicate.You know, for the current Hong Kong dollar crisis, financial secretary Peng Lizhi finally said publicly that the government is actively formulating a plan to stabilize the Hong Kong dollar, which is the fundamental solution. No matter what the content of the plan to stabilize the Hong Kong dollar is, it is inseparable from the support of the banking industry. It must take advantage of this occasion to blow the wind.Of course, the Hong Kong government knows that it can never build a car behind closed doors. What's more, it can't build a car behind closed doors.Furthermore, Xiangjiang, a product of its special history, is no better than a large economy with vast land and rich population. There is limited room for monetary policy choice. Only by holding the thigh of foreign exchange reserves can we maintain the status of the Hong Kong dollar. Sir Gao has already exhausted the perfect solution - the improved currency board system, Write the most appropriate answer in advance.Under such circumstances, if the Hong Kong government really works behind closed doors and then publishes its plan to stabilize the Hong Kong dollar, it will have a lot of fun if it is found that it is similar to Sir Gao's method.Therefore, at this time, whether the banking industry wants to make psychological preparations in advance for the Hong Kong government's plan to stabilize the Hong Kong dollar, or the Hong Kong government wants to have a decent way to appear for the plan to stabilize the Hong Kong dollar, it needs to take advantage of this occasion to do a good job in communication.Feeling that governor Youde and Deputy Chief Secretary Xia Dingji glanced at themselves, financial secretary Peng Lizhi hardened his head and opened his mouth. "During the period when Deputy Chief Secretary Sir Xia Dingji served as financial secretary, sir Gao suggested that the improved and optimized currency board system has been tested on a small scale for more than a year. Judging from its performance, it should be able to stabilize the Hong Kong dollar."The financial secretary, Mr Patrick Pang, does not mean to butter up the Deputy Secretary for political affairs, Mr Xia Dingji, but to protect the face of the Hong Kong government. Even if we have no choice but to adopt Sir Gao's improved currency board system, it is not the credit of Sir Gao alone. The Hong Kong government also has the credit of its founder status.None of the people here was a fool. They immediately understood the intentions of the British people in the Hong Kong government and couldn't help looking at Gao Xian."After more than a year of small-scale experiments permitted by the Zhengfu and the continuous improvement of financial experts, this improved currency board system is believed to be competent for the responsibility of stabilizing the Hong Kong dollar." Sir Gao did not bother about how to divide the credit, but calmly went straight to the core issue of his concern, "However, as the financial secretary was worried before, this improved currency board system needs to be backed by strong foreign exchange reserves, and the exchange fund provides the most important foreign exchange reserves for Xiangjiang. Unfortunately, the operation performance in recent years is not satisfactory.""In view of this, has the government considered separating the operation of the exchange fund from that of professionals and accepting the supervision of public institutions?""My previous statement still counts. I am willing to share my worries for the government, and I still promise that in five years, the asset scale of the exchange fund will exceed US $30 billion from the current several billion US dollars."The representatives of the banking industry were inspired. This is the real play!The Deputy Secretary for political affairs, Mr Martin Harding Kee, kindly reminded: "Sir Gao, it is very difficult to increase the size of the exchange fund from several billion US dollars to more than 30 billion US dollars in five years. It is not too difficult to describe it as a miracle. I know Sir Gao is dedicated to the public, but Sir Gao does not need to undertake too many heavy tasks that should be shared by everyone in the public sphere.""Thank you for your concern." Gao Xian smiled, "but I think there can be no less ideals. Xiangjiang has given me a lot. I am willing to devote myself to the long-term development of Xiangjiang."Speaking of this, governor Youde finally said, "in this way, actively formulate a plan to stabilize the Hong Kong dollar, including studying the independent operation of the exchange fund."As the saying goes, there are many people with mixed mouths. After the meeting, informed people soon learned the contents of the meeting, but the Hong Kong government did not break its promise. It did start to study the independence of the operation of the exchange fund, which immediately gave reporters another opportunity to show their great powers.For the purpose of stabilizing the Hong Kong dollar after failing to blackmail, the Hong Kong government is really happy to see the media making such a fuss.Therefore, the improved currency board system and the independent operation of the exchange fund began to push from the professional circle to the public, and became a new hot topic of "consumption".But one thing is that this kind of "consumption" is inevitably a little high. Ordinary people are more surprised at Gao Xian.What, sir Gao boasted that in five years, the asset scale of the exchange fund has exceeded US $30 billion from several billion US dollars?In that case, there is no reason why Sir Gao should not be allowed to manage the exchange fund!
