Reborn Capital Madman

Chapter 1271 The way to success, a good decision in five years

Author: Jie Zuo

Chapter 1271 The way to success, a good decision in five years

In reviewing the work achievements of the past five years and looking forward to the work plan for the next five years, President Gao temporarily said a few words without script.

"With the concerted efforts of all colleagues, the work of the Hong Kong Monetary Authority has achieved great results, making the level of the Hong Kong International Financial Center a world-class one; going back five years, the Hong Kong Exchange Fund Authority has also made great achievements.

I have created a mechanism to maintain the stability of the Hong Kong dollar exchange rate in the unpredictable international foreign exchange market; there are even many media friends who are interested in and want to go further and want to see some of the satisfactory results I achieved while working in the financial and business circles.

Discover the secret to success.”

"I think the way to success is to make a truly correct decision every five years at most." He said this, intentionally or unintentionally. Gao Xian's eyes swept over the last Hong Kong governor next to him, and then said:

"For example, in the next five years, Xiangjiang's top priority will still be development, and we will focus on development!"

The unique advantage of being present in person was once again shown. President Gao’s impromptu speech clearly revealed the differences between him and the last Governor of Hong Kong. In his policy address, the last Governor of Hong Kong stated that he would do something seven or eight.

And President Gao was very opposed to it!

Gao Xian is qualified to perform on the spot and has the ability to accurately control the scene. The context of his speech naturally returns to the document, focusing on how to develop and elaborate.

Xiangjiang International Financial Center means the development of Xiangjiang's financial services industry. One of the evaluation indicators is its contribution to chicken farts, which has reached more than 20%. On the other hand, the most traditional trade and logistics industry has relegated to second place.

, the contribution to chicken farts has dropped to less than 20%.

Continuing to examine according to this evaluation criterion, various industrial and commercial support services and other professional services have contributed more than 10% to chicken farts; and the tourism industry has grown to rank fourth, contributing to chicken farts.

, climbing to about five percent.

This new industrial pattern shows that after the Second World War, Xiangjiang's first economic transformation, from being dominated by re-export trade to being export-oriented with industrial products, ushered in the second economic transformation.

The financial industry is dominant, and the proportion of the service industry greatly exceeds that of the manufacturing industry.

President Gao’s work philosophy of “Hong Kong’s first priority is to focus on development” is based on this judgment. “Hong Kong, a free market economic system that is highly dependent on international trade, is easily affected by fluctuations in the international economic environment and financial markets.

, and thus appear to be relatively fragile. The ups and downs affected by external influences have continued to occur in recent years. Although we have come out of the recent trough as the global economic crisis has gradually ended, we should also form a consensus on developing economic strategies by being prepared for danger in times of peace.

, especially as the momentum of deindustrialization in Hong Kong continues unabated, all eggs cannot be put in one basket."

Gao Xian is open to the relocation of factories in Hong Kong to the north in recent years. After all, costs including land and labor have been rising; the manufacturing industry has eclipsed the more profitable real estate industry; with the "three

Symbolized by "Express Train", the cost-balancing role of the mainland in supplying daily necessities and industrial raw materials at low prices, as well as semi-finished products, will eventually be exhausted. Wait, this is the general trend.

But this does not mean that there is no solution. As long as the top-level structure has the foresight to plan a diversified economy in a timely manner, but at this time, the British who still control the Hong Kong government naturally do not have the kindness to do so.

In Gao Xian's view, the manufacturing industry that has developed in Xiangjiang since the end of World War II, including the textile industry, clothing industry, plastic industry, toy industry, etc., will not be a problem if it moves north. The headquarters is still in Xiangjiang.

Well, speaking of it, the headquarters economy is also one of the good economic types. Businesses such as design can better leverage Xiangjiang's advantages.

What's more, from the perspective of the future Greater Bay Area, this northward migration is actually a division of labor.

The key is that Xiangjiang must find an economic diversification path that suits its own advantages.

For example, the electronics and watch industries, which belong to the traditional manufacturing industry in Hong Kong, still have advantages in the world and can give priority to supporting local development.

As for the real future, with the wave of the Internet coming, whether Xiangjiang can seize the explosive development opportunities in high-tech fields with high creativity, high technical content, and high added value that are not easily replaced.

While taking care of traditional vested interests, the "Gao Xian Report" describes at considerable length the blueprint for the development of high-tech industries with the Hong Kong Digital Port as the core.

At this part, President Gao once again gave an impromptu speech without script, "From my perspective, many seniors have found a way to make a living in the manufacturing industry in Hong Kong; while many of my peers and I have achieved success through the real estate industry and the financial industry.

We have freedom of wealth; then, where are the opportunities for the next generation?”

"As the saying goes, the predecessors planted trees, and the descendants enjoy the shade. In a small place like Xiangjiang with limited resources, if the next generation finds that there is no area of ​​struggle, Xiangjiang will lose its future."

"A new mission of the Heung Kong Monetary Authority in the next five-year work plan is to create a new and vast development space for the next generation through the Heung Kong Development Investment Fund."

After Gao Xian completed his work report, it was time for him to interact with the legislators.

In the first round of Q&A, the Xiangjiang Exchange Fund was mentioned. After all, so many of President Gao’s beautiful ideas are supported by the Xiangjiang Development Investment Fund, and the financial resources of the Xiangjiang Development Investment Fund mainly come from the balance of the Xiangjiang Exchange Fund.

Gao Xian answered without hesitation that the pound crisis in September further demonstrated the importance of foreign exchange reserves. The maintenance and appreciation of the Hong Kong Exchange Fund has always been the top priority of the Hong Kong Monetary Authority. Don’t panic if you have food in hand.

In times of crisis, throwing money is often a necessary measure.

Five years ago, when the Hong Kong Monetary Authority was established, the size of the Hong Kong Exchange Fund in US dollars was US$30 billion. Now, the size of the Hong Kong Exchange Fund in US dollars is US$55 billion. This growth momentum must be maintained.

Going forward, as for the specific method of maintaining and increasing value, it is still top secret and is not suitable for publicity everywhere.

Another interesting question and answer in the interactive session is that one of the directions of economic diversification emphasized in the "Gao Xian Report" is what does the high-tech industry look like? Have you not already established the Xiangjiang International Digital Center and Gao's Business Kingdom?

The personal computer business of member companies, etc., aren’t these high-tech enough?

Gao Xian definitely understands the real technological development trends better than they do. He can deal with it just by giving some examples.

For example, is the mobile phone not heavy in your hand? Is the call quality satisfactory?

Another example: Xiangjiang's film and television production industry is so developed. Are media technology solutions such as video tapes perfect?

Also, can everyone easily use the character operation interface of the terminals in the Xiangjiang International Digital Center system?

There is really too much space for technological development. Only by seizing these opportunities can Xiangjiang get rid of the disease of affluence, which predictably makes the economic system increasingly fragile.

In his concluding remarks, Gao Xian concluded: "My job is to maintain order so that everyone can make good money, but it is equally important to let the people of Xiangjiang feel the fruits of development. Of course, this is the responsibility of the government.

.”

Facing President Gao's gaze, the last Governor of Hong Kong showed no expression on his face, but he was furious in his heart. He actually taught me how to do things!

(End of chapter)