Chapter 792: 792

Following the public quarrel between Sir Gao and financial secretary Peng Lizhi, which has become a hot topic in Xiangjiang, sir Gao promised to use five years to make the asset scale of Xiangjiang exchange fund exceed US $30 billion from several billion US dollars. It is not only simple and straightforward, but also greatly shook the elite class and attracted international attention.

At this stage, due to various factors of the times, including the cold war, the importance of foreign exchange reserves can not be compared with that after the Asian financial crisis.

Take China's current foreign exchange reserves, which are about several billion US dollars, not more than 10 billion US dollars; The total economic volume of Xiangjiang, which is far inferior to that of Xiangjiang, is a special case. The issuance of Hong Kong dollars is protected by foreign exchange reserves, and the asset scale of Xiangjiang exchange fund is also in this range.

In this case, Gao Xian's promise can conceivably cause a sensation.

First, no economy has paid so much attention to its foreign exchange reserves.

Second, if the asset scale growth of Xiangjiang exchange fund can really reach the high string commitment, it really needs to be described as a miracle.

Relying only on the careful calculation of ordinary people, it is easy to think that the $200 million that Gaoyi is responsible for managing the exchange fund and the fiscal surplus of the Hong Kong government will double its assets in three years. Although it is also very difficult, it is still within the control of Gaoyi. It is not a big deal that gaojue will find a way to fill the gap, not just $200 million; However, when the asset size of Xiangjiang exchange fund exceeds US $30 billion five years later, it is almost impossible to fill the hole with your own money to preserve face and reputation. After all, the hole is destined to be too large for individuals and enterprises to bear.

Discerning people tend to think that Sir Gao, who has been unable to bear with the unsatisfactory performance of the Xiangjiang exchange fund in recent years, has made no secret of his desire for the management power of the exchange fund in promoting the independent operation of the Xiangjiang exchange fund, and the boasted Haikou is raising the threshold for the competition of principals after the independent operation of the Xiangjiang exchange fund.

Of course, by doing so, sir Kao is also pushing the Hong Kong government, which is weak in the operation of the exchange fund, into a corner.

I am confident that the asset scale of Xiangjiang exchange fund will exceed US $30 billion in five years. What guarantee can you make if you don't hand over the exchange fund?

However, it is interesting to note that the pressure of mocking Sir Gao's boasting does not appear to be overwhelming, but is more regarded as entertainment news pastime. Occasionally, several heavyweights who can't refuse have to comment publicly, but only understatement. If they are sure that such a high goal can't be achieved, The promisor is going to take the blame and resign in advance.

In this regard, Gao Xian, who has long secretly done a good job in the arduous struggle, does not think that his popularity is so good that he has moved the heaven, the earth and the hearts of those who don't like him. Instead, he is soberly convinced that the ghost guys are more and more pregnant with ghosts, and this is his opportunity to achieve great things.

The British took the prosperity of Xiangjiang River as a bargaining chip to threaten negotiations. As a result, they got rid of and screwed up. The next thought naturally changed subtly. When they ruled Xiangjiang, they firmly grasped the interests here, such as British capital priority; When we have to return the Xiangjiang River, we mix sand and divide it, leaving our own brand as much as possible. Compared with the predictable mixing of sand into Xiangjiang Zhengzhi ecology, it is also right to let the exchange fund start to operate independently of the government.

As for the responsibility of the exchange fund to Sir Kao, in fact, there is no harm. Britain can accept this candidate. Moreover, in less than five years, young Gao Xian will boast too much because of his ambition, take the blame and resign, and then choose a more satisfactory successor; At the same time, Gao Xian's failure can just hit Xiangjiang Chinese capital, which is becoming more and more plump.

In the next intensive meeting, Gao Xian felt this psychological change of the British people. One of the manifestations is that there is no too much entanglement about whether the exchange fund operates independently of the Hong Kong government. On the contrary, it is the mechanism for the independent operation of the exchange fund, which makes the debate blush and thick neck.

At this stage, the operational structure of the Hong Kong exchange fund is, in short, managed by the exchange fund team under the financial services branch of the Hong Kong government; The exchange fund management department, which is also subordinate to the financial services branch of the Hong Kong government, is responsible for the management of the daily work of the exchange fund. Its specific contents include hiring private institutions such as Gao Yi to manage some of the assets of the exchange fund.

In addition, there is a body similar to the board of directors of the company, the Exchange Fund Advisory Committee, chaired by the financial secretary of the Hong Kong government. Its members are mainly from the commercial banks in Xiangjiang, especially the managers of Huifeng, Standard Chartered and Yili Hong Kong dollar note issuing banks.

On the surface, the Hong Kong government has begun to operate the exchange fund independently in accordance with Sir Gao's intention, which means that the management of the exchange fund will be moved from the financial services branch to set up a new team, which will not be affected by the replacement of Posts such as the financial secretary. More importantly, it can only be implicitly not affected by the departure of the Hong Kong British government in the future, so as to continue the United Kingdom as much as possible The secret purpose of "incense".

This requires a series of new top-level designs. The contents involved are mysterious. The ghost guy is busy.

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Gao Xian doesn't care about this trick. As long as Sir Gao can get the management power of Xiangjiang exchange fund, he can use his amazing "performance" to remove the stumbling blocks of the British and really control Xiangjiang exchange fund.

But time waits for no one. The Hong Kong government is just saying that it will finally manage the depreciation of the Hong Kong dollar. But before the introduction of specific measures, the Hong Kong dollar is still in the midst of exchange rate instability.

Therefore, sir Gao urged the financial secretary Peng Lizhi in a similar tone of accusing him of not doing anything to stabilize the Hong Kong dollar. Is it really so difficult to decide? The Exchange Fund Advisory Committee has certainly retained it; The functions of the exchange fund team and the exchange fund management department should be integrated to establish the exchange fund management committee or the exchange fund authority, with a president, two vice presidents and four assistant presidents; Revise the Exchange Fund Ordinance again. What else do you want to do when you're finished? Are you really going to study it for a month or so?

In addition to the fact that Sir Gao can't wait to be the president of the exchange fund authority and the chairman of the Exchange Fund Advisory Committee, these ghost guys of the Hong Kong government really dare not answer back, lest they accidentally become the next financial secretary Peng Lizhi, and Sir Gao is deeply "loved" at this time.

This kind of "love" is not empty, but has the tacit support of all forces and objectively forms a consistent trend.

For example, compared with the British decision to push the boat with the current, play a trick of differentiation and separate the exchange fund, the Americans are even more eager. The more fragmented the pattern on other people's territory, the better. Only in this way can it be convenient for them. American capital has always hoped that Xiangjiang, an international financial center, can become a more satisfactory European dollar market than Singapore, Unfortunately, Xiangjiang's financial system has been almost abandoned by stupid Brits during this period. Now it's reasonable to rebuild Xiangjiang's financial system without choosing your favorite taste?

At the same time, as the Hong Kong government has no choice but to start research and adopt Sir Kao's improved currency board system, the link between the relevant currencies in a basket of currencies also helps Gao Xianla to support it.

At the meeting of the Legislative Council of the Hong Kong government, sir Gao explained with good reasons why the Hong Kong dollar should no longer follow only one international currency.

In 1967, the pound depreciated again by more than 14%, resulting in a huge loss of nearly 190 million for the Xiangjiang exchange fund. At the same time, the Xiangjiang exchange fund had to spend 154 million to meet the claims of foreign exchange banks.

In the following ten years, when the Hong Kong dollar followed the US dollar, it suffered a lot. The US dollar first depreciated by 10% against gold, then decoupled from gold, and the Bretton Woods system completely collapsed. The situation of the Hong Kong dollar is drifting with the tide. The current tragedy is obvious to all.

The link basket currency strategy of the improved currency board system refers to the criteria of the International Monetary Fund for the identification of global circulating currencies, Xiangjiang's main trading partners and the Hong Kong dollar foreign exchange index compiled by Gaoyi. The inclusion of the US dollar, the British pound, the West German mark and the Japanese Yen in a basket will ensure the long-term stability of the Hong Kong dollar.

It can be said that this package strategy, while taking advantage of the opportunities formed by the ghosts, can be called fighting for all the forces that can be united.

What the Americans think is that the US dollar has really failed in recent years, which makes people dare not just hold this thigh. Anyway, as long as the financial center of Xiangjiang does not collapse and build another European dollar market in the Far East, it will be on the spectrum and support Sir Gao!

What the British think is that the pound has revived and "returned" to the Xiangjiang River. This must be a good thing. It can be!

What the Germans think is that we are busy with the long-term plan of European integration. The recognition of West German Marco will upset the French!

What I think is that this is a great opportunity for soft power to be internationally recognized as the world's second largest economy!

Accordingly, the international media can't wait to put the titles such as the father of Xiangjiang Finance on the head of Gaoxian, even what the Hong Kong government is discussing. The improved currency board system to be adopted is also referred to as the Koch Hong Kong dollar system.

As if echoing each other from a distance, Gao Yi released the wind. Sir Gao is considering resigning from the post of chairman of Gao Yi's board of directors, and Gao Yi basically likes the successor, that is, Ma Jingxi, founder of Xiangji series I, who has been recuperating for a long time.

It's the turn of the Hong Kong government. The pressure the ghosts feel is that if Sir Gao is not the president of the exchange fund authority and the chairman of the Exchange Fund Advisory Committee, there would be no reason to talk about stabilizing the Hong Kong dollar!

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