LATEST UPDATES

Rebirth capital madman - Chapter 1012

Published at 17th of March 2022 07:09:59 PM


Chapter 1012

If audio player doesn't work, press Stop then Play button again




Obviously, the ghost guy in the Hong Kong government and Huifeng bank must be together, but in terms of specific practices, there are inevitable differences between them, especially the whole situation has long been disturbed by Gao Xian.

For example, Huifeng class, which has long developed the habit of bossing, even those former classes of Jardine that have disintegrated in Xiangjiang, and the ghost class in the Hong Kong government, will also find opportunities to knock from time to time. Don't go too far.

Facing the aggressive questioning of Huifeng Daban Pu Weishi at this time, Lin Dingguo, the finance department, leisurely replied that you may have focused all your energy on Huifeng bank, so that you didn't notice the subtle power boundary changes around Xiangjiang exchange fund authority, such as the exchange fund bills and bonds issued by Xiangjiang Exchange Fund authority after its establishment, And the supporting central clearing system for exchange fund bills.

Pu Weishi nodded. Naturally, I know that Gao Xiannong's new gadget similar to the Treasury bonds launched by some countries in order to make up for fiscal deficits is not that the Xiangjiang exchange fund authority was founded in order to improve the ability of the Xiangjiang exchange fund with limited financial resources to maintain the Hong Kong dollar linked exchange rate. I admit that the operation effect is very remarkable, And it's very efficient.

Lin Dingguo, the financial secretary, shrugged, but we recently found that the bill system of the Xiangjiang exchange fund authority is actually ready for expansion, can accept other commercial bills and bonds, and has comprehensive functions including trading, settlement and custody.

With the energy of Xiangjiang exchange fund administration, it is basically natural to further grasp the bill interest rate of Xiangjiang banking industry.

Did you foresee this trend when the Xiangjiang exchange fund administration began issuing exchange fund bills and bonds?

Therefore, some power is not a question of whether we give it or not, but that it flows by itself.

For this situation, since it is unstoppable, we might as well simply join in with the trend.

After listening to Lin Dingguo's analysis, Pu Weishi was speechless for a moment.

Seeing this, Zhai Kecheng, the financial secretary, said that because the Xiangjiang exchange fund has become the last lender in the Xiangjiang banking industry, the Xiangjiang exchange fund administration has basically established a working capital adjustment mechanism for the Xiangjiang banking industry, making the arrangement of overnight working capital of banks assisted by the Xiangjiang exchange fund administration standardized, Huifeng bank must be very clear about this.

This time, Pu Weishi didn't shout about how to limit the power of Xiangjiang exchange fund administration with Gao Xian as president. He mused that the overnight working capital interest rate of Xiangjiang exchange fund administration has begun to more and more obviously affect the interbank offered rate of Xiangjiang banking industry. It's no surprise to replace it with the current energy of Xiangjiang exchange fund administration.

"Yes!" The financial secretary Zhai Kecheng lamented that under the Hong Kong dollar linked exchange rate system, the Xiangjiang banking liquidity adjustment mechanism of the Xiangjiang exchange fund authority is actually a discount window, but everyone knows that we opposed this mechanism in the past, and the general trend can not be reversed.

Just now, a topic we discussed was whether we should simply make a 180 degree turn in our attitude and formally and publicly recognize the discount window power that Xiangjiang exchange fund authority has actually obtained.

Pu Weishi asked angrily. Did you discuss the central settlement management bank of Xiangjiang banking industry?

Pu Weishi was surprised by the speed of Financial Secretary Zhai Kecheng's answer, and it was thought-provoking that he seemed to have reached a consensus among the people present. He said that the contradiction between Huifeng bank and Xiangjiang exchange fund authority could easily lose "righteousness" and get no public support, but Xiangjiang exchange fund authority had made a lot of "righteousness", It's better to think about the relationship between Xiangjiang Banking Association and Xiangjiang exchange fund authority.

Of course, Pu Weishi can hear the power and balance implied in these words, but he is still angry. You really "join",

The financial secretary Zhai Kecheng saw that Pu Weishi was no longer angry, so he finally made a decision. Now that everyone has reached a consensus, let's start negotiations with the Xiangjiang exchange fund authority on the transfer of the regulatory authority of Xiangjiang's banking industry.

……

The British Far East interest groups are analyzing the pros and cons. Naturally, the Xiangjiang exchange fund authority, which represents the idea that Xiangjiang finance should be managed by local people in Xiangjiang, is also holding a meeting in full swing.

Gao Xian pointed out the general principle and direction to his subordinates, that is, taking advantage of the excellent situation that the scale of Xiangjiang fund must exceed US $30 billion this year, Xiangjiang exchange fund administration should also take the initiative to move forward and upgrade to Xiangjiang financial administration.

For his subordinates, Gao Xian is very straightforward. His first president has only a few months left in his five-year term of office. With the current excellent performance of Xiangjiang exchange fund authority, there should be no excuse not to be re elected.

Amid everyone's knowing laughter, Gao Xian continued, but in the name of checking deficiencies and filling gaps, amending the Xiangjiang Exchange Fund Ordinance and the Xiangjiang exchange fund Authority Ordinance must also be the meaning of the topic.

Even if we do it well, it is difficult for us to reject this revision with a stronger sense of power and balance, otherwise it will make the outside world think and fall into unnecessary passivity.

Since the revision is foreseeable to be inevitable, it would be better to simply increase the workload and upgrade the Xiangjiang exchange fund authority to the Xiangjiang monetary authority.

Naturally, Xiangjiang Exchange Fund Management Bureau has a consensus. They can follow Sir Gao and have good treatment. At the same time, they can also show their ambitions and talk about their ideals. After Xiangjiang Exchange Fund Management Bureau is upgraded to Xiangjiang Financial Management Bureau, they can still rise with the tide, isn't it!

"If Xiangjiang exchange fund administration wants to be upgraded to Xiangjiang financial administration, it must deal with the relationship with Zhengfu, Xiangjiang Banking Association and Huifeng bank." Gao Xian analyzes the current pattern of interests.

Xiangjiang Banking Association has the Xiangjiang banking interest agreement regulations in hand and controls the deposit interest rate of Xiangjiang banking industry. We can't move, but we shouldn't let Xiangjiang Banking Association continue to expand its power. Although the Gao banking group I founded has the rotating chairman status in Xiangjiang Banking Association.

In the roar of laughter, Gao Xian mentioned Huifeng bank, which belongs to individuals. As long as we have a proper strategy and take the power of Xiangjiang banking settlement management bank, which has been controlled for a long time, we will not cause public anger.

At this time, it was reminded that the most favorable loan interest rate of Huifeng bank has always been the benchmark for banks in Xiangjiang.

Gao Xian waved his hand. As an international financial center, the degree of freedom cultivated by Xiangjiang for a long time has been deeply rooted in the hearts of the people. There is no need to be positive and increase resistance. For the minimum loan interest rate of Xiangjiang banking industry, we can achieve basically the same effect through other powers.

The government stated that it would start the process of transferring the supervision authority of the bank, but the specific implementation would not be without mystery.

If the future Xiangjiang financial authority wants to really have the authority of the Central Bank of Xiangjiang, those powers that can directly reflect the intention of the central bank or achieve the intention of the central bank in the form of combined boxing must be won, and there must be the establishment of Xiangjiang financial infrastructure.

For example, after Huifeng bank hands over the power of Xiangjiang banking settlement management bank, it can merge it with our exchange fund bill settlement system to form a stronger central settlement system.




Please report us if you find any errors so we can fix it asap!


COMMENTS