Rebirth capital madman - Chapter 1163

The frank and honest exchanges between these top Wall Street tycoons and Sir Gao, the president of the Hong Kong Financial Management Authority, reveal the essential needs that, although the US financial market is the largest and most advanced in the world, the Hong Kong financial market with high-stringed advice can provide During this period, in the US financial market, due to various reasons, Wall Street felt that there was no room for operation.

In particular, the carnival atmosphere of the stock market indicates that the “harvest season” is coming. The Xiangjiang International Financial Center, which has an extra yen offshore center chip, has more special value in the global capital circulation path.

This point became particularly blatant after everyone exchanged the strategy of Sir Gao, the president of the Hong Kong Monetary Authority, in governing the Hong Kong International Financial Center, and the relationship between Gao Yi and Wall Street.

It is no secret that the Japanese capitals who spend a lot of money are buying and buying in the United States, causing various negative effects such as jealousy, resentment, fear, etc. The strength of the yuan offshore center mechanism, to put it bluntly, can cover as much and as long as it can.

Conversely, this convenient path can also enter the market, such as Gao Yi, and enjoy the benefits.

It is no exaggeration to say that after Gao Xian, who has rich experience as an investment banker, switched to the role of the governor of the central bank, he knew very well how to create a smooth mechanism for capital flow, so that Wall Street began to Take it seriously.

Richard Fisher bluntly stated that since the Hong Kong Financial Management Authority led by Sir Gao, and Gao Yi, are committed to maintaining the stable position and environment of the Hong Kong International Financial Center, in the next period of time, we will start from Hong Kong. While increasing the funds in and out of the market, we will certainly not encounter unexpected factors at the regulatory and market levels.

Take the path of Xiangjiang Market and Yiben Market casually. If you want to cut Yiben’s leeks, I’ll just fish in troubled waters. There’s no need to set up any obstacles!

However, the majestic Sir Gao has always been principled, and he also put forward his own opinions. The so-called Xiangjiang Yen Offshore Center is a book that has seen it, can benefit from it, and is willing to cooperate. Don’t play with it. If it is too big, it will make people complain, and finally affect this mechanism. In the end, it will destroy the consensus we reached before. Let us work together to maintain the platform of Xiangjiang International Financial Center.

“Sir Gao’s concerns are not unreasonable.” Richard Fisher nodded, “But the situation of Yiyi is not beyond our prediction.”

Speaking of this, Richard Fisher looked around at the people present, and then slowly continued: “Secretly, there is a conflict between the central bank and the Ministry of Finance, so since Xiangjiang already has the offshore yen The status of the center cannot be easily abolished just by the order of the government.”

Richard Fisher didn’t have many words, but his subtext was extremely rich, and he understood everything naturally, just like the audience at the scene, who could understand everything.

Roughly speaking, the Ministry of Finance, an official government department in this period, was in charge of finance, finance, taxation, etc., which may be expressed by the word Ministry of Finance, which may be easier to understand, while the central bank belongs to the Ministry of Finance. I don’t care, but if the central bank wants to have greater independence and powers, it’s better to be like the Federal Reserve, and become an institution independent of the prime minister’s revolving door. Of course, is it still like the Federal Reserve? Private ownership is another matter.

In fact, if you look at the “old script” in the late 1990s, a central bank got its wish, and the British central bank – the Bank of England also became independent from the British government, and other examples, you can more or less understand , What do these central banks want to do.

And look at the Xiangjiang Monetary Authority led by Gao Xian, which has become an independent agency like the ICAC and the Audit Office, and you can understand that it is not surprising, and the basis for its existence and acceptance.

Speaking of what Richard Fisher mentioned, the central bank and the Ministry of Finance are secretly at odds, which means that these two groups are fighting openly and secretly on fiscal and financial policies. Just to give an example, after the signing of the Plaza Accord, in the face of the sharp appreciation of the yen, it is not timely and clear how to adjust the interest rate of a bank accordingly. It is inevitable that there will be differences between the central bank and the Ministry of Finance.

This situation between the central bank and the Ministry of Finance is not the tearing situation that Midi likes to see the most, or it is simply one of the various checks and balances that Midi secretly set up in Yiben, and then like Richard Fisher A Wall Street tycoon with great energy like Seoul can do his best, such as successfully promoting financial derivatives such as stock index futures.

After understanding these logical relationships, it can be understood that what Richard Fisher said is true, it has enough energy to influence the torn central bank and the Ministry of Finance, and ensure the Hong Kong yen on the path of capital flow Offshore center status is not affected.

After hearing Richard Fisher’s argument, what was Sir Gao’s reaction? Just one word, calm, really quiet!

To put it bluntly, Gao Xian really didn’t know about the intelligence that the Central Bank and the Ministry of Finance secretly disagreed? In that case, how can he deal with Yiben freely, from signing the Hong Kong dollar yen swap agreement to establishing the Xiangjiang Yen Offshore Center, attracting various consortiums from Yiben to settle in Xiangjiang.

Gao Xian pondered: “After all, Yiyi is the second largest economy in the world. After years of hard work, no matter what the direction of Yiyi’s stock market, with its huge economic volume, the yen has become an international currency. It can be said that the general trend has become , and then I predict that the yen will play a considerable hedging effect in the global foreign exchange market, government bond market and other fields in the future.”

Speaking of this, Gao Xian emphasized his tone, “I think everyone knows the secret of hedging here. Therefore, from the perspective of long-term interests, it is best to leave room for things.”

After listening to Gao Xian’s analysis, these people, including Richard Fisher, all showed admiration. No matter whether this kind of prediction will happen or not, as long as Sir Gao can think of this level, it shows that his The president of Hong Kong Monetary Authority is so brilliant.

In the end, Richard Fisher acted as a representative of the people present, and made a summary statement, “We respect the Hong Kong Financial Management Authority led by Sir Gao and the governance of the Hong Kong International Financial Center. I wish us a happy cooperation.”

“Of course it’s a happy cooperation.” Sir Gao smiled slightly. Wall Street and Xiangjiang International Financial Center have reached a balance based on what they want, but this relationship can’t be expected to be safe forever. Even Morgan Stanley can continue to break through As for my own traditional bottom line, the agreement is not just about to be torn up, but it turns into a passing cloud, but it is a good thing to have a few more years of buffer time.

Dennis Weatherstone added, “The Asia-Pacific Economic Cooperation proposed by Sir Gao will be established soon, and we are willing to provide assistance.”

Richard Fisher laughed, showing off his control over everything, “Bush has already won the general election, is forming a cabinet team, and is preparing to take office in January next year. Sir Gao and the Bush family have a close personal relationship, and the support of the White House must be indispensable .”

Sir Gao remained calm, “The Asia-Pacific Economic Cooperation is absolutely inseparable from the membership of the United States, and in today’s international situation, it is inconvenient for many things to be stepped forward by the Big Macs. This is why Xiangjiang has room to play. If you If you are willing to provide assistance, Gao must of course keep these favors in mind.”