Rebirth capital madman - Chapter 1154

In fact, if Gao Xian is currently the most dazzling aura of the president of the Hong Kong Monetary Authority and the founder of Gao’s kingdom, you will find a qualification that many people tend to ignore, that is, Gao Xian is also a senior in the Hong Kong securities industry. .

If we start from the nodes in the late 1960s and early 1970s when the development of the stock exchange really took off, it is no exaggeration to say that Gao Xian’s position in the securities industry of Heungkong is enough to trade with his predecessor Heungkong. Heung Kong securities industry veterans like Hu Hanhui and Li Fuzhao, the chairman of the firm, stand shoulder to shoulder.

Now, Hu Hanhui has passed away due to illness for several years, and Li Fuzhao has been imprisoned, making Gao Xian’s status more and more prominent.

Such superficial factors, coupled with the hidden factors like Gao Xian’s silent takeover of Li Fuzhao’s men, when Sir Gao, as the chairman of the Hong Kong Securities Regulatory Commission, descended into the Hong Kong International Trading Center building that houses the Hong Kong Stock Exchange, Really can be called the prestige that no one can match, so that no one dares to follow.

Correspondingly, Gao Xian’s professional level in the securities industry is also unambiguous.

For example, after the source of funds for the Hong Kong Securities Regulatory Commission was completely determined, as a foreshadowing of the remodeling of the structure of the Hong Kong Stock Exchange, Gao Xian expounded in public the roles, functions, and boundaries between the Hong Kong Stock Exchange and the Hong Kong Securities Regulatory Commission.

“You can do what the law doesn’t prohibit, and you can’t do what the law doesn’t authorize. We hope that market self-regulation will play a role.” Sir Gao looked around at the people in the venue, “The positioning of the Hong Kong Stock Exchange is that all listing-related matters are the main Frontline regulators.”

In the process of digesting the meaning of Sir Gao’s words, some nodded slightly, but Gao Xian really kept his promise, and the Hong Kong Securities Regulatory Commission would give the market enough freedom; some eyes fell on Ma Shiheng, it seems that the power of the Hong Kong Stock Exchange will be unabated…

After characterizing the Heung Kong Stock Exchange, Sir Gao turned to the new structure of the Heung Kong Stock Exchange. After the “Four Meetings Merger”, the Heung Kong Stock Exchange and the Heung Kong Futures Exchange merged, and the settlement of securities and futures was centralized. It operates more professionally, and then forms a group, which can also be called the Hong Kong Stock Exchange.

As the name implies, the “union” at this time is no longer limited to the “union” of the previous four meetings of the Hong Kong Stock Exchange, the Far East Exchange, the Gold and Silver Exchange, and the Kowloon Stock Exchange, but the stock exchange and futures trading. the union.

As for the holding company, it should reflect the connotation more accurately, and it is called Heungkong Exchange and Clearing Co., Ltd.

The idea announced by Sir Gao in the name of the Hong Kong Securities Regulatory Commission did not exceed the expectations of everyone present, because as early as last year after the global stock market crash broke out on Black Monday last year, the Hong Kong Monetary Authority, which rescued the Hong Kong securities industry, put forward the proposal. The stock exchange and the futures exchange are united and a central clearing scheme is established to solve the problems of the securities industry in Hong Kong.

The discerning person quickly thought that the Heungkong Futures Exchange was founded by Gao Xian, and he must be obedient, so the merger would be merged; the Heungkong United Exchange was cleaned up by the ghosts, and the resistance should not be too great, but as a holding company Heung Kong Exchanges and Clearing Co., Ltd., how to distribute the benefits of shares is not simple.

You must know that in addition to the special status in the industry brought by the franchise, the two exchanges have an annual net profit of over 100 million yuan, which is quite impressive, and will definitely produce a rich and exciting effect.

However, Sir Gao obviously did not intend to touch this problem on the spot, and continued to advance the topic, “The newly established Heungkong Exchange and Clearing Co., Ltd. must do a good job of listing from the beginning.”

“Everyone must know that during the review process of the “Hong Kong Securities Regulatory Commission Regulations”, the voice of turning the Hong Kong Stock Exchange into a non-profit organization is very high, but I think this move is equivalent to tying my hands and feet, so I strongly oppose it. However, there is nothing wrong with the original intention of strengthening supervision, so it should be replaced by the norms of listed companies.”

Ma Shiheng immediately stated, “Heung Kong Exchanges and Clearing Co., Ltd. will operate in accordance with the standards of public listed companies before listing, so as to reassure the outside world.”

Sir Gao nodded with satisfaction, “The establishment of Heungkong Exchange and Clearing Co., Ltd. and the arrangement for listing are all to promote the integration of Heungkong securities industry with international standards. To be in the forefront, as long as the time is right, you can trade with other markets. The cooperation that has been reached will not result in the usual non-burning incense, cramming back to review, and various irregularities that lag behind the international standard.”

Although Sir Gao euphemistically did not explicitly say that the Hong Kong Exchange plans to acquire exchanges in other markets in the world and replace it with cooperation with exchanges in other markets, everyone understands the subtext and does not find it abrupt.

After all, people with insight can realize that Heung Kong is limited by its own resources, and the business scope of the exchange is inevitably not so extensive. The acquisition of exchanges in other international markets can be described as the most effective way to supplement.

Sir Gao, who also serves as the chairman of the Hong Kong Securities Regulatory Commission, spoke in public, and the roadmap for the future development of the Hong Kong stock exchange became clear.

For specific work, there are naturally competent people like Ma Shiheng who will give full play to their talents in the future.

Many people present did not need to leave the Heungkong International Trading Center building to turn to the re-election meeting of the Hongkong Stock Exchange Council.

After the global stock market crash broke out on Black Monday last year, the Hong Kong Stock Exchange did not respond well, and the Hong Kong stock market was in mourning. In the Council of the Hong Kong Stock Exchange, the Far East Exchange and the Kowloon Stock Exchange merged, and the faction represented by Li Fuzhao; gold and silver securities trading The merger with the Hong Kong Stock Exchange, another faction represented by the late Hu Hanhui, has become a crater, and the unspoken rule of taking turns to power has become a crater. The board of directors of the Hong Kong Stock Exchange has been completely reorganized and the voice of more representatives has been added. Call it one after another, continuous.

The chairman of the Hong Kong Securities Regulatory Commission, Sir Gao, requested the establishment of the Hong Kong Exchange and Clearing Co., Ltd., which invisibly gave a reason for the complete reorganization of the board of directors of the Hong Kong Stock Exchange. In fact, this is also a step.

To put it bluntly, in order to establish Heungkong Exchange and Clearing Co., Ltd. and completely reorganize the board of directors of Heungkong Stock Exchange, some current directors have been swept out of the house, and compared with the scolding and resignation, which elimination method can be more. Keep your face, it’s obvious!

Like Huang Yihong, vice-chairman of the Heung Kong Stock Exchange Council, who has been stirring up troubles in order to keep the privileges of the directors in allotment of shares before, when he was actually kicked out, he could still maintain a minimal demeanor with a smile on his face.

The Heungkong United Trading Council used to have 22 members, but now it has been expanded to 31 members, and some seats have been allocated to the member representatives of the exchange, as well as social leaders, which can be regarded as quelling the public anger.

According to Sir Gao’s wish, Yi Weiguo, who had recently stepped down as chairman of the board of directors of Hengsheng Bank, was elected chairman of the board of directors of the Hong Kong Stock Exchange. In fact, he was the next chairman of Hong Kong Exchanges and Clearing Limited; Ma Shiheng was appointed as the chairman of Heungkong United. Chief Executive Officer of the Exchange, and then the Chief Executive Officer of Heung Kong Exchanges and Clearing Limited.

So far, from the Hong Kong Securities Regulatory Commission to the front-line exchanges, Gao Xian has completed the personnel layout after winning the leadership of the reform of the Hong Kong securities industry. Under his leadership, the specific actions of the Hong Kong securities industry will begin immediately…