Chapter 918: 918

The talks between the big three of the Hong Kong government and the big three of the Xiangjiang exchange fund authority have been going on until now. Hong Kong Governor Youde can no longer be behind the cat. He concluded and confirmed: "Sir Gao means that he wants the exchange fund authority to undertake more financial management functions and evolve into a financial authority?"

Sir Gao nodded calmly, "With the increasingly complex international financial environment, the exchange fund authority needs three-dimensional and multi-dimensional management authority to deal with this new situation and maintain the stability of the Hong Kong dollar. The Singapore monetary authority is a successful model. Only in this way can the exchange fund authority have no worries at home and allocate funds from the surplus of the exchange fund to alleviate the pressure of the government's fiscal deficit 。”

Hong Kong Governor Youde pondered: "even if it is feasible to upgrade the exchange fund authority to the monetary authority, it is also a gradual process, but the pressure of the government's fiscal deficit is in front of us."

At this time, sir Gao showed considerable magnanimity and "trust" in the ghosts. He said with emotion: "as long as the government has the open and detailed arrangements to upgrade the exchange fund authority to the financial authority, the exchange fund authority without worries can safely allocate more funds to alleviate the pressure of the government's fiscal deficit."

"Of course, restrictions such as earmarking funds for special purposes should be followed. Audit can not be omitted. After all, no one can bear the responsibility for dereliction of duty. However, it does not hinder the effect of actually alleviating the pressure on the government's fiscal deficit. Many items in the government's budget can be packaged. For example, the development of the new town of Tseung Kwan O has enough capacity."

Hong Kong Governor Youde looked at the cards of deputy chief secretary Xia Dingji and financial secretary Zhai Kecheng. They were completely opened, but even if he was the Hong Kong Governor, he could not make a promise on the spot. The water was too deep.

Sir Gao proposed brightly: "thank you for the banquet hosted by the governor. I'll invite the governor, the Deputy Chief Secretary and the financial secretary another day."

This goes into the old saying of serving tea and seeing off guests.

……

Li Guobao and Ren Zhigang left the governor's office with Gao Xian. After they got on the bus, they could no longer hide their excitement. The exchange fund authority was originally in place with high weight. If it was upgraded to the financial authority, at least from their personal point of view, the water will rise, not to mention the great achievements such as participating in history and witnessing history.

"Will Zhengfu agree with our proposal?" Li Guobao asked excitedly.

"This is not really important. The key is that we have shown our attitude and have matched strong strength." Gao Xian replied thoughtfully. "Before the big shock like the Hong Kong dollar crisis in the future, those Britons who are still in power in the Hong Kong government have no choice but to rely on us."

"After all, as long as people know the situation, they all know that after Xiangjiang enters the transition period, things belonging to the 'long-term' always need people who are willing to take responsibility."

Ren Zhigang heard the subtext, "therefore, we can't really ignore the help of Zhengfu finance."

"The huge surplus of the exchange fund is made by us. We allocate a large amount of money to the government. How to spend the big head depends on us. It's only for special use. Of course." Sir Gao said in a deep voice: "it's not enough for Xiangjiang to play the role of an international financial center!"

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Li Guobao said, "the exchange fund administration can set up institutions like Xiangjiang development investment fund and Xiangjiang Mortgage Securities Co., Ltd. to supervise and ensure that special funds are used for special purposes, or expand its corresponding power in existing institutions such as Xiangjiang development investment fund."

Sir Gao nodded approvingly, "By the way, the Hong Kong Mortgage Securities Co., Ltd. will increase the scale of mortgage loan bonds to HK $5 billion, and the newly increased HK $2 billion mortgage loan bonds will be used to purchase residential mortgage loans from the banking industry, so as to alleviate the immediate demand pressure of marriageable young people in Hong Kong. We must do specific policy interpretation, release signals and guide the industry OK. "

Li Guobao was happy. "The lion in Zhengfu opened his mouth and asked for HK $2 billion. Let's operate a HK $2 billion first. We are worried that the banking industry and the people will be happy beyond the uncertainty brought by 1997."

……

On the Hong Kong government's side, after the three giants of the Xiangjiang exchange fund authority were sent away, Hong Kong Governor Youde first consulted the financial secretary Zhai Kecheng, "the exchange fund authority was upgraded to the financial authority, and the requested increased powers - bank supervision and securities supervision are all under the financial secretary. Do you think it is feasible?"

The financial secretary, Zhai Kecheng, answered that it was a frank and open man. Although I was the youngest, according to the rule of retirement at the age of 60, I could not do it in the main government. In 1997, whether the successor was airborne from London or selected locally from Xiangjiang, in the end, the British officials in the main government left. Since power could not be retained, it would be better to leave it to Sir Gao, who is familiar to everyone To make your work easier.

In fact, the financial secretary, Zhai Kecheng, is not "Frank".

Looking at the history of Britain's withdrawal from the colonies, it is not difficult to find that while digging various pits, such as dividing a San's bumpy territory into three, it creates an irreconcilable gap; while creating flowers and flowers as much as possible to cultivate the old and young.

Xiangjiang, which has entered the transitional period, can not escape such twists and turns. The Hong Kong government's budget has increased and deficits have occurred year after year. This has something to do with it. On the surface, it is constrained by the joint statement that Xiangjiang's financial resources cannot be emptied.

The specific work must fall on British officials such as Hong Kong Governor Youde, Deputy Chief Secretary Xia Dingji and financial secretary Zhai Kecheng. They try to implement it. However, the actual situation is so complex that they don't want to be tired to death. As colonial officials, they are not young and their status is inevitably embarrassing. Do they really want to return to London and rise step by step by virtue of hard work, It is better to respect the local situation in Xiangjiang and deal with it with "technology".

All three of them understood the way, so they all tacitly understood it, but Xia Dingji, the deputy chief secretary, warned, "I'm afraid Huifeng will oppose it."

With a wave of his hand, Hong Kong Governor Youde invited Shen Bi and Pu Weishi to communicate face to face. It was not clear.

Sure enough, as Xia Dingji, the deputy chief secretary, expected, when Shen Bi and Pu Weishi heard that Sir Gao offered the exchange terms to upgrade the Xiangjiang exchange fund authority to the Xiangjiang financial authority, they were all in a hurry.

You don't know that Huifeng's huge secret plan to withdraw from Xiangjiang is inseparable from the cooperation of the Zhengfu government. It's impossible to hand over the banking supervision. Isn't it to put the knife in the hands of outsiders? Maybe it will be stabbed out of action at some time?

In particular, Pu Weishi is already anxious. I will take over Shen Bi's shift soon. The first priority during my term of office is to lead Huifeng to withdraw from Xiangjiang. What should I do if you do so?

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