Reborn Capital Madman

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Singapore is still very concerned about the embarrassment of the Belida deadlock that happened in Hong Kong. Many financial colleagues are inquiring about Sir Gao's thoughts, because Singapore, like Hong Kong, wants to become an international financial center and always maintain

This is the advantage of settling down in the global jungle ecology.

Even from a certain perspective, there is a competitive relationship between Singapore and Hong Kong.

For example, more than ten years ago, before the Bretton Woods system collapsed, international capital originally wanted Hong Kong to become the Far East trading center for Eurodollars. But at that time, the British had not yet broken the bank and were focused on maintaining the central position of the pound.

, this plan was disrupted. At that time, Singapore was eager to find forces to support its own existence, so it took over this job.

However, in recent years, Sir Gao, the president of the Hong Kong Monetary Authority, has basically made a comeback by linking the Hong Kong dollar to a basket of international currencies, the Japanese yen offshore center and other operations.

The financial community in Singapore has a similar level of understanding of the challenges brought about by the Balida impasse as the knowledgeable people in Hong Kong. How to deal with the regulatory loopholes in foreign-registered companies after they are listed locally?

If regulation is loosened, the world will be in chaos; if regulation is strict, will it still be an international financial center favored by capital? The control of scale here is a common issue faced by all international financial centers such as Hong Kong and Singapore.

Gao Xian did not show off his wisdom, but just took the opportunity to rely on the Asia-Pacific Economic Cooperation. Why am I motivated to propose this concept and promote it with all my strength? I just want to find an international mechanism to properly deal with it!

To put it bluntly, Sir Gao can foresee some problems, but to solve them, we still need to work together, and we should not be lazy and worry about sitting back and enjoying the good things!

"The Romance of Fairy Wood"

In fact, Gao Xian's understanding of the challenges posed by the Bailida impasse is deeper than anyone else's.

Bailida took advantage of the regulatory loopholes in Xiangjiang's overseas market registration and Xiangjiang's local listing, and relied on the advantage of the major shareholder to act recklessly and trample on the interests of small shareholders at will, arousing public outrage and leaving Xiangjiang's regulatory agencies helpless.

So what if we change the attributes of this type of company and think about it. A local listed company in Xiangjiang relies on the advantage of its major shareholder to make a show of operations in the stock market, then slaps its butt and relocates to an overseas market like Bermuda in Xiangjiang?

Going a step further, what if not only a local listed company in Hong Kong did this, but also swarmed them and formed a wave of re-registration?

Therefore, Sir Gao, the president of the Hong Kong Monetary Authority, really attaches great importance to the Bailida impasse, which is far beyond the imagination of outsiders. Otherwise, he would not have secretly used Wen Enhui's connections to go to New Zealand to investigate the background of New Zealand Securities.

Fortunately, things often have two sides. The deadlock at Bailida is indeed very difficult and has caused unrest in the financial circles in Hong Kong. However, it is precisely because of this that more and more people understand why Sir Gao spent so much effort to propose and promote

Asia-Pacific Economic Cooperation, as an international financial center, Hong Kong really needs this kind of global multilateral mechanism.

Also, Xiangjiang's ghost elders and Chinese elites were paralyzed by the Bailida stalemate, which once again demonstrated Sir Gao's unique ability to turn the tide.

As for the huge pressure caused by this, Gao Xian can naturally feel it, but Gao Xian also understands that this time he also has great righteousness, that is, protecting the interests of small shareholders. This logic is as simple as punishing evil and promoting good, fairness and justice.

, there is nothing to argue about.

When he got off the plane at Kai Tak Airport in Kowloon and was blocked by financial reporters for interviews, Sir Gao, the president of the Hong Kong Monetary Authority, immediately seized the moral high ground.

"The Legislative Council is still reviewing the Securities Regulatory Commission regulations. Therefore, the main work of the Provisional Securities Regulatory Commission is preparation. As for supervision, it is still in a state of handover and cooperation between relevant parties, which may lead to the emergence of a mold lake situation. I want to say here

Let’s be clear, the interests of small shareholders should be protected!”

Yes, Sir Gao expressed his position and was trying to kill the rabbit. By the way, the Legislative Council of the Hong Kong government controlled by Mr. Gui was dragging its feet in the process of deliberation and approval of the Hong Kong Securities Regulatory Commission Ordinance.

In fact, Gao Xian's implication is not surprising. There have been many voices of criticism in Hong Kong, including the media. What is the Hong Kong government doing? Is there still some ghost who is not convinced and has lost the power to lead the reform of Hong Kong's securities industry?

And what kind of tricks are they playing?

During the meeting with Hong Kong Financial Secretary Chai Kecheng to discuss the situation during this period, Sir Gao also mentioned that the Legislative Council should have already conducted an in-depth study. If the Securities and Futures Commission Ordinance is not passed, how can the Hong Kong Securities Regulatory Commission make it clear?

Should the company perform its duties of supervising and guiding the securities industry in Hong Kong? The reason why the Bailida deadlock is so embarrassing for everyone has a lot to do with this!

Financial Secretary Zhai Kecheng was not disgraced by Sir Gao's questioning, because he understood very well that Sir Gao had no objection to him personally. It could even be said that under the influence of Sir Gao's strong charm and Machiavellian skills, the personal relationship between the two people had grown.

Very good.

The direction of Sir Gao's dissatisfaction is aimed at the "deep level" of the Hong Kong government controlled by Mr. Gui. Financial Secretary Zhai Kecheng is only a full-time official on the surface, and below is the "deep level" deputy director, middle-level backbones, various parliamentarians, and even extended

Kailai's consultants, think tanks, lobbyists, funders, etc., have more than enough ability to influence the current situation, but they can still fail more than they succeed.

"It should take less than a few days for the Legislative Council to pass the Hong Kong Securities Regulatory Commission Ordinance." Financial Secretary Zhai Kecheng gave a positive statement, and then said meaningfully: "However, now is the time to test your wisdom, Sir Gao

Properly resolving the deadlock caused by Bailida can allow all parties to fully understand the operating spirit of the Hong Kong Securities Regulatory Commission."

"When you are in trouble, you think of using me as a superman." Sir Gao nodded with a half-smile, "Now the situation is obvious. Under the existing mechanism in Xiangjiang, the Bailida deadlock cannot be broken at all. So,

No matter how smart people are, they can't come up with effective countermeasures, and in the end they push me to take the lead. Is it because someone wants to see if I can step down?"

Financial Secretary Zhai Kecheng shrugged, did not answer the question, and asked: "Does Sir Gao have a solution?"

"Let's take it one step at a time." Gao Xian also did not reveal his wisdom prematurely. The world is dangerous and hiding one's clumsiness appropriately is conducive to building a harmonious environment.

Sir Gao continued: "First try to bring together the Board of Directors of Liz Investment Company and Bailida to see if a settlement can be reached. Alas, such a big deal was unexpectedly created with a billion-dollar deal.

trouble,"

Gao Xian's sigh seemed to reflect that Sir Gao was no smarter than the other elites and was equally helpless.