Rebirth of the Strongest Tycoon
Chapter 1152 Hong Kong Securities Regulatory Commission
Since September, Xia Yu has become more and more busy.
Although there are many shrewd and capable subordinates to share his worries, many things still need him to personally arrange.
For example, the reform of the Hong Kong financial system, the opening of the United Stock Exchange, the opening of the Heung Kong Commodity Exchange and the preparation of futures commodities, the hunting plan of the Galaxy Fund...
Fortunately, the Latin American sovereign debt crisis that most affected his energy has been breaking out for more than a month.
In addition to the small problems of the eight teams of the Galaxy Fund at the beginning, after a period of running-in, the eight teams have fully entered the state.
Especially after entering September, there was no problem that Xia Yu reported to Xia Yu to deal with, and the action went very smoothly.
Because of this, Xia Yu also devoted more energy to follow up on other things.
This morning, Xia Yu summoned Liu Tianci and Wang Qi to his office, and Huo Jianning was on the sidelines.
Xia Yu took the initiative to inquire about the acquisition of Heungkong HSBC.
The Jiuding Securities Company operated by Wang Qi is the main executive party, so Wang Qi stood up and reported the situation to Xia Yu.
"Chairman, under our successive offensives, the stock price of HSBC quickly passed the period of slump, and now the stock price has entered the second stage of decline, in a stage of steady decline, and the market value evaporated every day is only 10 million Hong Kong dollars. Left and right, there is not much room to fall.”
"Before coming, HSBC's market value was around HK$4.95 billion."
"We were already buying at the bottom when we had a market value of 5.2 billion Hong Kong dollars."
"Now we have secretly increased HSBC's shareholding from 18.6 percent on the surface to 39.7 percent."
"It's almost at the top now, because in addition to the 54.7% stake held by the parent company HSBC Holdings, the remaining 5.6% stake is scattered."
"We don't have much room to maneuver, and we're buying fewer shares every day."
After listening to Wang Qi's report, Xia Yu nodded slightly and praised: "You have done a good job, and you can buy some of the scattered shares later."
"As for HSBC, I will handle it and there will definitely be a result this year."
Wang Qi and Liu Tianci both heard the potential meaning of Xia Yu, they looked at each other, did not dare to ask more, nodded and responded in unison: "Okay."
"Is the matter of the United Stock Exchange almost finished?" Xia Yu asked again.
Liu Tianci immediately replied: "Chairman, it's almost done. The trading floor has been completely renovated, and all kinds of machines and hardware facilities have been installed."
"Management rules and transaction regulations have also been made."
"Right now, it is still in the steps of internal simulation operations. If all goes well, it is planned to officially open to the public on October 11, and at the same time permanently close the four existing stock exchanges."
Xia Yu's expression moved slightly, and he said, "It looks like it will be less than a month."
"Yes." Liu Tianci nodded and replied.
"The reason why it has been delayed until now is not entirely because of the simulated operation, but mainly because the Hong Kong government has not completed the plan."
"The new "Securities Exchange Law" is already in the process, and the China Securities Regulatory Commission is also in the process of being formed. The management regulations and trading rules of our exchange are consistent with the new "Securities Exchange Law"."
"Until the new Securities Exchange Act is formally implemented, our joint stock exchange cannot be activated, otherwise it will conflict with the current Securities Exchange Act."
After Liu Tianci explained it, Xia Yu immediately understood.
However, he did not pay attention to the new "Securities Exchange Law", he valued the upcoming Hong Kong Securities Regulatory Commission.
After he proposed to the Hong Kong Governor, Liu Tianci, Wang Qi and others were responsible for the follow-up of this key institution.
That's right, there is no real CSRC in Hong Kong now!
The Hong Kong government's Securities and Commodities Exchange Supervision Commission and the Securities and Commodities Exchange Administrative Commission have been exercising similar functions.
Both are part-time government departments!
These two committees have many problems and their authority is not large enough. Although they can play a certain role in the management of Heungkong Capital Market, there are still many problems.
The CSRC established this time is a statutory organization independent of government departments, and its full name is "Hong Kong Securities and Futures Commission"!
The chairman and staff of the SFC are full-time professional regulators, and the funds are mainly borne by the market.
And the newly established Securities Regulatory Commission will acquire many powers originally belonging to the Monetary Authority, the most basic of which is the power to issue licenses.
Securities trading, futures contract trading, leveraged foreign exchange trading, providing advice on securities, providing advice on institutional financing, investment banking services, securities guarantee finance, asset management, credit rating services and other licenses will be issued by the China Securities Regulatory Commission!
These are the foundation and lifeblood of financial institutions!
"Have the CSRC's management agency personnel been confirmed?"
Xia Yu looked a little solemn and asked Liu Tianci.
He also entrusted Liu Tianci to follow up on this matter when he formed the Heung Kong United Stock Exchange, and granted him the qualification to call the consortium resources to make decisions at critical moments, so Liu Tianci must know the situation best.
Liu Tianci thought for a while and said, "Chairman, the CSRC has a great influence and a huge scale, so since the Hong Kong government ordered its establishment, countless people have wanted to intervene, but you can rest assured that we have First-hand and leadership."
"Most of the personnel have now been determined, and the highest level has been determined, a chairman of the Securities Regulatory Commission and four vice-chairmen, plus an assistant to the chairman."
"Among them, Chairman Li Zhiheng of the China Securities Regulatory Commission, Vice Chairman Wang Jiangqiu and Gao Song, and Assistant Chairman Liu Yaxiong are all our people. The remaining two vice-chairmen who do not belong to us are Dennis Kevin and Ye Qingyun."
"As for the seven subordinate bodies of the Academic Review Advisory Committee, the Investment Trust Fund Committee, the Public Shareholders' Rights Committee, the Exchange Listing Committee, the Disciplinary Committee of the Share Registrar, the Takeovers and Mergers Committee and the Takeover Appeals Committee, each of them Those who have us are all in key positions, and as for the potential training targets for succession, we have also screened all of them..."
As Liu Tianci spoke, Xia Yu's face gradually showed a smile.
"Okay, you did a good job."
"After the establishment of the China Securities Regulatory Commission, you can bring some people over for me to meet."
Liu Tianci nodded and replied, "Okay."
"..."
After chatting with Liu Tianci and Wang Qi for a while, and after confirming that there was nothing wrong, Xia Yu asked them to go back.
After the two left, Xia Yu looked at Huo Jianning and asked with a light smile, "Jianning, how far is the new standard for CDs?"
PS: It's my turn to be on duty these two days. There are a lot of things, and I have a few words. I didn't finish a chapter until I got a little bit more. I'll start a chapter tonight, please forgive me.
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Genius for a second to remember the address of this site: . Zero-point reading mobile version reading website:
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