Chapter 1054: 1054

The expanded meeting of Xiangjiang financial authority has been held for about an hour and a half. Who is stupid? Plus the self righteous Huifeng Daban Pu Weishi, on behalf of everyone, proposed to reduce the deposit interest rate. As a result, sir Gao, President of Xiangjiang financial authority, flatly rejected it. Can't you see, Sir Gao should make decisions independently. It's no problem for others to provide reference information and express interest demands. It's not good to take over the responsibility!

In a word, sir Gao has not had three fires since he became president of Xiangjiang monetary authority. To be exact, he was busy on business trips to communicate with the governors of other heavyweight central banks in the world before he had time to burn the first fire of his new office.

Now the unexpected stock market disaster is tantamount to giving Sir Gao a chance to take office three times. As a leader, who doesn't know the rules to establish authority.

How to transform the dogmatic regulations of the Xiangjiang financial authority into living high string rules of the central bank and make the Xiangjiang financial industry obedient to the power of the new regulatory authority is at this time.

How many people believe that Sir Gao can do this?

At least, no one will think that Sir Gao is ambitious and talented!

Gao Xian has been rising in Xiangjiang for nearly 20 years. It is obvious that Gao Xian has established happy group, Gaoyi first department, Xiangjiang exchange fund administration and even today's Xiangjiang financial administration.

Seeing more and more people, ye Licheng, who knew that this was for him, muttered in his heart that as long as you didn't think I was playing, I would have fun, so he solemnly tried, "Sir Gao, what more advanced ideas does the HKMA have on how to increase liquidity?"

"So..." Sir Gao nodded pleasantly. "The HKMA first repurchased HK $5 billion of exchange fund bonds and exchange fund bills from primary dealers, which is equivalent to injecting HK $5 billion of cash into the whole Xiangjiang financial system; at the same time, the inter-bank overnight lending rate was reduced by two percent."

After listening to Sir Gao's decision, many people suddenly realized it. As expected, sir Gao wanted to use the "weapons" of Xiangjiang financial authority to make three fires when he took office. The more he honed it, the sharper it became. Then, the authority was established.

Compared with the simple and crude direct reduction of deposit interest rate, sir Gao's idea is much more euphemistic, and there is a lot of room for maneuver.

To put it casually, directly reducing the deposit interest rate will affect all ordinary families. It is not easy to judge what chain reaction will be caused if the bottom of society pays the bill; The "reverse repo" conducted by Xiangjiang financial authority and the reduction of interbank overnight lending rate fully show the way of thinking of the central bank.

Of course, it must be to directly reduce the deposit interest rate and let the capital players misappropriate funds, but Sir Gao doesn't adopt it. This should be one of the rules of the high string central bank.

Pu Weishi didn't know whether he had an illusion or not. He felt a chill faintly, because he thought much more about Huifeng's big class than others.

If the deposit interest rate is directly reduced, Huifeng's strong deposits will immediately enhance the strength of working capital; But according to Gao Xian's rescue idea, it is to test the "health" of banks. Banks with tight capital turnover should be dismantled from banks with abundant capital turnover. Shouldn't Gao's Bank Group take advantage of the situation to further grow?

Even if there are disappointments, what can the people on the scene object to? Sir Gao creatively decided to rescue the market. What else do you want? As for what the governor of Xiangjiang central bank should do, he has his own way of thinking and thinking about politics, which can stand scrutiny and can only be accepted by others!

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The calm Sir Gao didn't intend to give people a chance to question. He continued to talk about his rescue plan, "The risks on the other side of Xiangjiang Futures Guarantee Company can not be ignored. The HKMA will transfer HK $1 billion from the exchange fund to support it. The futures exchange can repay the loan and interest by collecting specific fees from each futures trading contract; if the futures exchange has all better reserve fund schemes to replace the HKMA, everyone will be happy."

"The HKFE should accept the assistance scheme of the HKMA." Ma Shiheng nodded. "I've already asked the shareholders of the HKFE whether they are willing to inject capital. Their attitude is not positive."

Sir Gao smiled playfully, and then continued to talk along his train of thought, "the sharp decline of the stock market is a great opportunity for those blue chips with excellent performance to buy back their own stocks. Tomorrow I will contact the business community to discuss this idea, hoping to help stabilize the stock market."

Speaking of this, sir Gao finally made a communication with the ghost guy of the Hong Kong government. "The idea of encouraging stock repurchase, such as the 35% comprehensive acquisition line in the merger and acquisition regulations, also needs to be exempted temporarily, so as to dispel the doubts of the industrial and commercial circles as much as possible."

The financial secretary Zhai Kecheng nodded and agreed that the government would hold a discussion tomorrow.

Next, we will arrange the specific implementation work according to Sir Gao's rescue plan.

Although Pu Weishi was dissatisfied, he could only represent Huifeng and followed him with his nose. At this time, he didn't have enough reason to disagree, that is, he risked universal condemnation.

The press conference of Wanxiang Financial Management Bureau was finally held before zero.

In fact, we are all tired of people. While listening to Sir Gao's announcement of the rescue plan, we brush the records bit by bit, so as to form the manuscript and send it back to the newspaper as soon as possible. We can't miss the final version of the newspaper and the deadline for printing.

Gao Xian doesn't want to explain in detail how to consider introducing a rescue policy now, because the US Federal Reserve can't let the stock market wipe off the card the next day to stop the decline and return to the rise. The effect is only improving. According to past experience, it takes two weeks for this wave of stock disaster to be exhausted. Therefore, it's too early to say too much.

However, after announcing the rescue plan, sir Gao added one more sentence. If the situation requires a new rescue policy, the HKMA will take further action.

For the leaders of various consortia, they can get the results of this press conference in time without waiting for the newspaper to come out tomorrow morning.

For example, Li Bancheng tasted these information and felt bitter in his mouth more and more.

What, sir Gao will contact the business community tomorrow to encourage large consortia to buy back their own shares?

My big plan of raising funds for shares was in a mess because of the cancellation storm caused by the stock disaster.

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