Chapter 916
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Similar to the sunny mood of Hong Kong Governor Youde, financial secretary Zhai Kecheng immediately went to Deputy Secretary Xia Dingji with joy after receiving the document on the latest asset status of the Hong Kong exchange fund from Ren Zhigang, vice president in charge of currency of the Hong Kong Exchange Fund authority, "By the end of the first quarter of next year, the asset scale of Xiangjiang exchange fund will reach US $13 billion. Xiangjiang has completely got rid of the shadow of the Hong Kong dollar crisis."
Financial Secretary Zhai Kecheng naturally knows the key financial data of Xiangjiang.
From the perspective of currency circulation, M1 is about HK $50 billion, M2 is about HK $400 billion and M3 is about HK $500 billion.
The current size of the Xiangjiang exchange fund is more than sufficient to stabilize the exchange rate of the Hong Kong dollar because of the credit of the banking system, the speed of money circulation and other factors.
"13 billion US dollars!" Xia Dingji, the deputy chief secretary, was naturally amazed. "It seems that Sir Gao's $30 billion military order is no longer a problem."
No matter what means are used in the communication, the personal relations between the Deputy Chief Secretary Xia Dingji, the financial secretary Zhai Kecheng and Sir Gao, a member of the Executive Council of the Hong Kong government and President of the Xiangjiang exchange fund authority, are very good. After seeing that the success rate of Gao Xian's "breakthrough" has greatly improved, he is still sincerely happy.
Of course, it is driven by practical interests. For example, sir Gao is in a stable state, and everyone can follow him. If Gao Xian is liquidated at the end of his term of office as president of the Xiangjiang exchange fund authority in 1988 because he fails to achieve the set objectives, British investors may be happy to see it, but the Hong Kong government will certainly be turned upside down for a while. No one likes the uncertainty of the situation Qualitative ah!
With a hard to hide exclamation, after a discussion for a while, financial secretary Zhai Kecheng talked about the real purpose of running here, "the promotion of consumption tax is really difficult. The industries, including tobacco, have strong protests, and I am under great pressure. Since the appreciation of the assets of the exchange fund is amazing, can the government budget deficit think of a way from there, and the consumption tax will slow down for the time being."
The deputy chief secretary, Xia Dingji, can understand the difficulties of Financial Secretary Zhai Kecheng. Tax has always been sensitive when it comes to tax. Just like in the United States, tax is a powerful tool for canvassing votes in every presidential election, and the use of consumption tax should be one of the most interesting books, but until now, a consumption tax has not been implemented.
That's the same sentence. After Xiangjiang entered the transition period, people's psychology has undergone subtle changes. They want the ghost guys of the Hong Kong government to have the courage to face difficulties based on the long-term development of Xiangjiang. They look down on them too much.
Deputy Chief Secretary Xia Dingji said in a deep voice, "I feel that by virtue of personal friendship, asking the exchange fund to support the government's budget of 300 million or 500 million should be a word in Sir Gao's place, but the government's budget deficit is finally as high as about 4 billion. It's hard to say how effective the support of the exchange fund can be."
"Take one step first and say one step." Financial Secretary Zhai Kecheng shrugged. "Why don't we ask for more support from the exchange fund."
Xia Dingji, the deputy chief secretary, was hesitant because he cried for money from the Xiangjiang exchange fund authority. It was really ugly to eat.
Where did the start-up capital of the Xiangjiang exchange fund come from? It was transferred from the fiscal surplus of the Hong Kong government to support the issuance of Hong Kong dollars. This reflects the most simple operating principle of the economic system. It is not as simple as eating large households. Relying on the large number of people, it is OK to rush forward.
Of course, in history, the Xiangjiang exchange fund did have a precedent of supporting the government's finance in turn, but those are very special circumstances. For example, when the Xiangjiang banking crisis broke out, the exchange fund helped the government's finance to save the banks that were squeezed.
Financial Secretary Zhai Kecheng's eyes flashed and further said, "it's a big deal. Give more power to Xiangjiang exchange fund authority as a remedy."
"This exchange is not impossible, but I don't know what Sir Gao thinks." Xia Dingji, the deputy chief secretary, looked at Zhai Ke, the financial secretary. Some things were tacit between them, including that Xiangjiang has entered the transition period. It's no big deal to let the government "open up" to good friends.
They were discussing, and puweishi came on stage.
Huifeng's shift handover is perfect. As PU Weishi, who is about to take over this position, has a series of important positions, including the vice chairman of Huifeng's board of directors.
Therefore, the courtesy of deputy chief secretary Xia Dingji and financial secretary Zhai Kecheng to Pu Weishi can be called considerate.
After the exchange of greetings, Pu Weishi couldn't wait to turn to the main topic and said, "have you heard that the asset scale of Xiangjiang exchange fund is about to reach US $13 billion, enough to reach the top 10 of the global foreign exchange reserve list; in addition, Gao's consortium is seeking to acquire Xiangjiang Dadong Telegraph Company and Xiangjiang telephone company."
Deputy Chief Secretary Xia Dingji and financial secretary Zhai Kecheng looked at each other quietly. At the same time, they felt that the bulging of the Xiangjiang exchange fund was a great good thing, but I'm afraid it might not be a simple good thing. Weishi forced this guy not to toss about some programs. That would be fucked.
This phenomenon is not surprising. There must be differences in specific ideas between ghost guys living in the banking industry like pwis and ghost guys in the Hong Kong government.
"If you want to express what you mean, you might as well say it directly." Xia Dingji, the deputy chief secretary, coughed and pierced the window paper
"Just like that social phenomenon, men have too much money and are easy to learn bad." Pu Weishi smiled meaningfully. "I heard that the government's budget for next year still has a deficit of about $4 billion. I didn't expect to ask for help from the rich foreign exchange fund."
"We are discussing this matter." Xia Dingji, the deputy chief secretary, asked tactfully, "how much assistance do you think the government finance can get from the exchange fund? Or how much can the exchange fund support the government finance?"
"Naturally, the more the better. It depends on the poor crying skills of Zhengfu..." speaking of this, Pu Weishi raised his eyebrows, "and the pressure when necessary!"
Xia Dingji, the deputy chief secretary, and Zhai Kecheng, the financial secretary, were delighted by the same. The meaning of Pu Weishi could not be more obvious. Businessmen, for their own interests, were afraid that the situation would not be chaotic enough.
However, on the matter of crying for money from the Xiangjiang exchange fund authority, the assistant chief secretary Xia Dingji, the financial secretary Zhai Kecheng and Pu Weishi thought of a piece. Let's test Sir Gao's attitude first.
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Similar to the sunny mood of Hong Kong Governor Youde, financial secretary Zhai Kecheng immediately went to Deputy Secretary Xia Dingji with joy after receiving the document on the latest asset status of the Hong Kong exchange fund from Ren Zhigang, vice president in charge of currency of the Hong Kong Exchange Fund authority, "By the end of the first quarter of next year, the asset scale of Xiangjiang exchange fund will reach US $13 billion. Xiangjiang has completely got rid of the shadow of the Hong Kong dollar crisis."
Financial Secretary Zhai Kecheng naturally knows the key financial data of Xiangjiang.
From the perspective of currency circulation, M1 is about HK $50 billion, M2 is about HK $400 billion and M3 is about HK $500 billion.
The current size of the Xiangjiang exchange fund is more than sufficient to stabilize the exchange rate of the Hong Kong dollar because of the credit of the banking system, the speed of money circulation and other factors.
"13 billion US dollars!" Xia Dingji, the deputy chief secretary, was naturally amazed. "It seems that Sir Gao's $30 billion military order is no longer a problem."
No matter what means are used in the communication, the personal relations between the Deputy Chief Secretary Xia Dingji, the financial secretary Zhai Kecheng and Sir Gao, a member of the Executive Council of the Hong Kong government and President of the Xiangjiang exchange fund authority, are very good. After seeing that the success rate of Gao Xian's "breakthrough" has greatly improved, he is still sincerely happy.
Of course, it is driven by practical interests. For example, sir Gao is in a stable state, and everyone can follow him. If Gao Xian is liquidated at the end of his term of office as president of the Xiangjiang exchange fund authority in 1988 because he fails to achieve the set objectives, British investors may be happy to see it, but the Hong Kong government will certainly be turned upside down for a while. No one likes the uncertainty of the situation Qualitative ah!
With a hard to hide exclamation, after a discussion for a while, financial secretary Zhai Kecheng talked about the real purpose of running here, "the promotion of consumption tax is really difficult. The industries, including tobacco, have strong protests, and I am under great pressure. Since the appreciation of the assets of the exchange fund is amazing, can the government budget deficit think of a way from there, and the consumption tax will slow down for the time being."
The deputy chief secretary, Xia Dingji, can understand the difficulties of Financial Secretary Zhai Kecheng. Tax has always been sensitive when it comes to tax. Just like in the United States, tax is a powerful tool for canvassing votes in every presidential election, and the use of consumption tax should be one of the most interesting books, but until now, a consumption tax has not been implemented.
That's the same sentence. After Xiangjiang entered the transition period, people's psychology has undergone subtle changes. They want the ghost guys of the Hong Kong government to have the courage to face difficulties based on the long-term development of Xiangjiang. They look down on them too much.
Deputy Chief Secretary Xia Dingji said in a deep voice, "I feel that by virtue of personal friendship, asking the exchange fund to support the government's budget of 300 million or 500 million should be a word in Sir Gao's place, but the government's budget deficit is finally as high as about 4 billion. It's hard to say how effective the support of the exchange fund can be."
"Take one step first and say one step." Financial Secretary Zhai Kecheng shrugged. "Why don't we ask for more support from the exchange fund."
Xia Dingji, the deputy chief secretary, was hesitant because he cried for money from the Xiangjiang exchange fund authority. It was really ugly to eat.
Where did the start-up capital of the Xiangjiang exchange fund come from? It was transferred from the fiscal surplus of the Hong Kong government to support the issuance of Hong Kong dollars. This reflects the most simple operating principle of the economic system. It is not as simple as eating large households. Relying on the large number of people, it is OK to rush forward.
Of course, in history, the Xiangjiang exchange fund did have a precedent of supporting the government's finance in turn, but those are very special circumstances. For example, when the Xiangjiang banking crisis broke out, the exchange fund helped the government's finance to save the banks that were squeezed.
Financial Secretary Zhai Kecheng's eyes flashed and further said, "it's a big deal. Give more power to Xiangjiang exchange fund authority as a remedy."
"This exchange is not impossible, but I don't know what Sir Gao thinks." Xia Dingji, the deputy chief secretary, looked at Zhai Ke, the financial secretary. Some things were tacit between them, including that Xiangjiang has entered the transition period. It's no big deal to let the government "open up" to good friends.
They were discussing, and puweishi came on stage.
Huifeng's shift handover is perfect. As PU Weishi, who is about to take over this position, has a series of important positions, including the vice chairman of Huifeng's board of directors.
Therefore, the courtesy of deputy chief secretary Xia Dingji and financial secretary Zhai Kecheng to Pu Weishi can be called considerate.
After the exchange of greetings, Pu Weishi couldn't wait to turn to the main topic and said, "have you heard that the asset scale of Xiangjiang exchange fund is about to reach US $13 billion, enough to reach the top 10 of the global foreign exchange reserve list; in addition, Gao's consortium is seeking to acquire Xiangjiang Dadong Telegraph Company and Xiangjiang telephone company."
Deputy Chief Secretary Xia Dingji and financial secretary Zhai Kecheng looked at each other quietly. At the same time, they felt that the bulging of the Xiangjiang exchange fund was a great good thing, but I'm afraid it might not be a simple good thing. Weishi forced this guy not to toss about some programs. That would be fucked.
This phenomenon is not surprising. There must be differences in specific ideas between ghost guys living in the banking industry like pwis and ghost guys in the Hong Kong government.
"If you want to express what you mean, you might as well say it directly." Xia Dingji, the deputy chief secretary, coughed and pierced the window paper
"Just like that social phenomenon, men have too much money and are easy to learn bad." Pu Weishi smiled meaningfully. "I heard that the government's budget for next year still has a deficit of about $4 billion. I didn't expect to ask for help from the rich foreign exchange fund."
"We are discussing this matter." Xia Dingji, the deputy chief secretary, asked tactfully, "how much assistance do you think the government finance can get from the exchange fund? Or how much can the exchange fund support the government finance?"
"Naturally, the more the better. It depends on the poor crying skills of Zhengfu..." speaking of this, Pu Weishi raised his eyebrows, "and the pressure when necessary!"
Xia Dingji, the deputy chief secretary, and Zhai Kecheng, the financial secretary, were delighted by the same. The meaning of Pu Weishi could not be more obvious. Businessmen, for their own interests, were afraid that the situation would not be chaotic enough.
However, on the matter of crying for money from the Xiangjiang exchange fund authority, the assistant chief secretary Xia Dingji, the financial secretary Zhai Kecheng and Pu Weishi thought of a piece. Let's test Sir Gao's attitude first.
Similar to the sunny mood of Hong Kong Governor Youde, financial secretary Zhai Kecheng immediately went to Deputy Secretary Xia Dingji with joy after receiving the document on the latest asset status of the Hong Kong exchange fund from Ren Zhigang, vice president in charge of currency of the Hong Kong Exchange Fund authority, "By the end of the first quarter of next year, the asset scale of Xiangjiang exchange fund will reach US $13 billion. Xiangjiang has completely got rid of the shadow of the Hong Kong dollar crisis."Financial Secretary Zhai Kecheng naturally knows the key financial data of Xiangjiang.From the perspective of currency circulation, M1 is about HK $50 billion, M2 is about HK $400 billion and M3 is about HK $500 billion.The current size of the Xiangjiang exchange fund is more than sufficient to stabilize the exchange rate of the Hong Kong dollar because of the credit of the banking system, the speed of money circulation and other factors."13 billion US dollars!" Xia Dingji, the deputy chief secretary, was naturally amazed. "It seems that Sir Gao's $30 billion military order is no longer a problem."No matter what means are used in the communication, the personal relations between the Deputy Chief Secretary Xia Dingji, the financial secretary Zhai Kecheng and Sir Gao, a member of the Executive Council of the Hong Kong government and President of the Xiangjiang exchange fund authority, are very good. After seeing that the success rate of Gao Xian's "breakthrough" has greatly improved, he is still sincerely happy.Of course, it is driven by practical interests. For example, sir Gao is in a stable state, and everyone can follow him. If Gao Xian is liquidated at the end of his term of office as president of the Xiangjiang exchange fund authority in 1988 because he fails to achieve the set objectives, British investors may be happy to see it, but the Hong Kong government will certainly be turned upside down for a while. No one likes the uncertainty of the situation Qualitative ah!With a hard to hide exclamation, after a discussion for a while, financial secretary Zhai Kecheng talked about the real purpose of running here, "the promotion of consumption tax is really difficult. The industries, including tobacco, have strong protests, and I am under great pressure. Since the appreciation of the assets of the exchange fund is amazing, can the government budget deficit think of a way from there, and the consumption tax will slow down for the time being."The deputy chief secretary, Xia Dingji, can understand the difficulties of Financial Secretary Zhai Kecheng. Tax has always been sensitive when it comes to tax. Just like in the United States, tax is a powerful tool for canvassing votes in every presidential election, and the use of consumption tax should be one of the most interesting books, but until now, a consumption tax has not been implemented.That's the same sentence. After Xiangjiang entered the transition period, people's psychology has undergone subtle changes. They want the ghost guys of the Hong Kong government to have the courage to face difficulties based on the long-term development of Xiangjiang. They look down on them too much.Deputy Chief Secretary Xia Dingji said in a deep voice, "I feel that by virtue of personal friendship, asking the exchange fund to support the government's budget of 300 million or 500 million should be a word in Sir Gao's place, but the government's budget deficit is finally as high as about 4 billion. It's hard to say how effective the support of the exchange fund can be.""Take one step first and say one step." Financial Secretary Zhai Kecheng shrugged. "Why don't we ask for more support from the exchange fund."Xia Dingji, the deputy chief secretary, was hesitant because he cried for money from the Xiangjiang exchange fund authority. It was really ugly to eat.Where did the start-up capital of the Xiangjiang exchange fund come from? It was transferred from the fiscal surplus of the Hong Kong government to support the issuance of Hong Kong dollars. This reflects the most simple operating principle of the economic system. It is not as simple as eating large households. Relying on the large number of people, it is OK to rush forward.Of course, in history, the Xiangjiang exchange fund did have a precedent of supporting the government's finance in turn, but those are very special circumstances. For example, when the Xiangjiang banking crisis broke out, the exchange fund helped the government's finance to save the banks that were squeezed.Financial Secretary Zhai Kecheng's eyes flashed and further said, "it's a big deal. Give more power to Xiangjiang exchange fund authority as a remedy.""This exchange is not impossible, but I don't know what Sir Gao thinks." Xia Dingji, the deputy chief secretary, looked at Zhai Ke, the financial secretary. Some things were tacit between them, including that Xiangjiang has entered the transition period. It's no big deal to let the government "open up" to good friends.They were discussing, and puweishi came on stage.Huifeng's shift handover is perfect. As PU Weishi, who is about to take over this position, has a series of important positions, including the vice chairman of Huifeng's board of directors.Therefore, the courtesy of deputy chief secretary Xia Dingji and financial secretary Zhai Kecheng to Pu Weishi can be called considerate.After the exchange of greetings, Pu Weishi couldn't wait to turn to the main topic and said, "have you heard that the asset scale of Xiangjiang exchange fund is about to reach US $13 billion, enough to reach the top 10 of the global foreign exchange reserve list; in addition, Gao's consortium is seeking to acquire Xiangjiang Dadong Telegraph Company and Xiangjiang telephone company."Deputy Chief Secretary Xia Dingji and financial secretary Zhai Kecheng looked at each other quietly. At the same time, they felt that the bulging of the Xiangjiang exchange fund was a great good thing, but I'm afraid it might not be a simple good thing. Weishi forced this guy not to toss about some programs. That would be fucked.This phenomenon is not surprising. There must be differences in specific ideas between ghost guys living in the banking industry like pwis and ghost guys in the Hong Kong government."If you want to express what you mean, you might as well say it directly." Xia Dingji, the deputy chief secretary, coughed and pierced the window paper"Just like that social phenomenon, men have too much money and are easy to learn bad." Pu Weishi smiled meaningfully. "I heard that the government's budget for next year still has a deficit of about $4 billion. I didn't expect to ask for help from the rich foreign exchange fund.""We are discussing this matter." Xia Dingji, the deputy chief secretary, asked tactfully, "how much assistance do you think the government finance can get from the exchange fund? Or how much can the exchange fund support the government finance?""Naturally, the more the better. It depends on the poor crying skills of Zhengfu..." speaking of this, Pu Weishi raised his eyebrows, "and the pressure when necessary!"Xia Dingji, the deputy chief secretary, and Zhai Kecheng, the financial secretary, were delighted by the same. The meaning of Pu Weishi could not be more obvious. Businessmen, for their own interests, were afraid that the situation would not be chaotic enough.However, on the matter of crying for money from the Xiangjiang exchange fund authority, the assistant chief secretary Xia Dingji, the financial secretary Zhai Kecheng and Pu Weishi thought of a piece. Let's test Sir Gao's attitude first.
