Chapter 793
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PS: I wish book friends all the best in the year of the ox and make a lot of money!
……
Although the high string of judging the situation methodically came to the center of the stage of recasting Xiangjiang's financial order, and stubbornly created a widely popular situation, the game on local battlefields still arose one after another.
This phenomenon is not surprising. After all, the recasting of Xiangjiang's financial order has a wide range of implications.
Or the exchange rate strategy of linking a basket of currencies in the improved currency board system, because Xiangjiang has always been a free port in the world, which has attracted the attention of stakeholders engaged in international trade. They worry that this strategy is somewhat complex. Even if the exchange rate of the Hong Kong dollar will be expressed in the form of reference to the US dollar, the transparency is not as simple and crude as that of the Hong Kong dollar following the US dollar before, May cause their own transaction costs to rise.
This level of confrontation does not require Sir Gao to go to battle in person. He has his own Xiangjiang local college trained quietly to debate. However, Gao Xian must express his views on the specific exchange rate level to stabilize the Hong Kong dollar.
On September 24, the Hong Kong dollar hit a new low of 9.6 against the US dollar; After the Hong Kong government said it wanted to stabilize the Hong Kong dollar, the exchange rate of the Hong Kong dollar against the US dollar rebounded to about 8.4. At the same time, we will wait and see how the Hong Kong government can stabilize the Hong Kong dollar.
Time goes back to 1973, when the Hong Kong dollar began to implement the floating exchange rate system, the exchange rate of the Hong Kong dollar against the US dollar was 5.085; In 1974, the Hong Kong dollar appreciated to 4.965; By the time British Prime Minister Margaret Thatcher visited China in 1982, the exchange rate of the Hong Kong dollar against the US dollar had gradually depreciated to 6.6.
Over the past year or so, the exchange rate of the Hong Kong dollar against the US dollar has fallen from 6.6 to 8.4, which is the reference range for the finally stabilized exchange rate of the Hong Kong dollar, and the water in it is not generally deep,
First of all, don't forget what circle Xiangjiang is mixed in. We can't let mitti, who likes long arm jurisdiction, grasp the opportunity to brush the sense of existence. It's really hard to bear the big hat of exchange rate manipulator.
Finally, and most importantly, the stabilized Hong Kong dollar exchange rate must be suitable for the actual situation of Xiangjiang.
For example, it is unrealistic for the exchange rate of the Hong Kong dollar against the US dollar to return to the "six" era more than a year ago. Even if it can be pulled back, it will cost so much that it makes this move meaningless; The exchange rate of the Hong Kong dollar against the US dollar fell below 7.9, which occurred in mid September, almost marking that the Hong Kong dollar has entered a period of life and death. People in Xiangjiang society are worried. Therefore, the finally stabilized Hong Kong dollar exchange rate must not fall behind this line, otherwise it will have no significance to stabilize the Hong Kong dollar in a big way.
As for how much the exchange rate of the Hong Kong dollar against the US dollar is pulled back from the 7.9 line, it is the main difficulty to test the elites who are qualified to participate in the recasting of the financial order in Xiangjiang. People of insight can show their skills and express their views.
Only from the analysis of Xiangjiang's macroeconomic data, think tanks including Gaoyi, Huifeng and financial research institutions under the Hong Kong government have similar conclusions, that is, in theory, the exchange rate of the Hong Kong dollar against the US dollar from 7.25 to 7.50 is a relatively reasonable range.
But the problem is that in theory, just pulling the exchange rate of the Hong Kong dollar against the US dollar back from the current wait-and-see attitude of 8.4 to 7.5 is like a natural moat.
Gao Xian knows best, but he is confident that he relies on mastering the general situation rather than foolishly trying to be strong for a while. Moreover, he suspects that the British have the intention to set a trap, just as the Hong Kong government has been forced into a corner by the rhetoric that the asset scale of foreign exchange funds has exceeded $30 billion in five years.
Therefore, with a high string of 12 points of caution, "no creativity" advocates pragmatism and pulls the exchange rate of the Hong Kong dollar against the US dollar back to 7.8. It is the most operable. The goal can be achieved by the end of this year at the latest. As a result, it has aroused several rounds of debate. Among them, there is no lack of irony that Lord Gao wants to manage the exchange fund and opportunism. Is there only such a skill?
Gao Xian feels that the Englishman has a bad heart. If the Englishman is in charge, he must be so "close to the side", but if he is replaced by Sir Gao, he will raise his requirements!
To Gao Xian's relief, the pressure has been on the British side who played tricks before, which also made him want to separate some energy from the debate and strengthen communication with the banking industry.
We should know that once the improved currency board system stabilizes the Hong Kong dollar exchange rate, the pressure will shift to interest rates. Only by taking precautions can we remain invincible.
At this time, Shen Bi's deep talk with Sir Gao, who came to Huifeng, was particularly important and meaningful.
Under the lobbying of Sir Gao, Xia Ding, the Deputy Chief Secretary of the Hong Kong government, based on the end of the financial secretary's term of office, facilitated the three Hong Kong dollar note issuing banks, Huifeng, Standard Chartered and Yili, to conduct a small-scale experimental operation on the improved currency board system. Huifeng and Standard Chartered may be surprised at the uproar caused by the independent operation of the improved currency board system and foreign exchange fund in Xiangjiang, But it's no accident.
In terms of specific response, Huifeng has a high attitude of putting on airs. If it's time to give advice, it's time to give advice, and if it's time to debate, it's time to debate. It's just that it hasn't been clear who it will support in the end.
This dialogue between Shen Bi and Gao Xian was very interesting at the beginning. "Huifeng does not oppose Sir Gao's management of the exchange fund, and even supports Sir Gao in principle."
Gao Xian suddenly understood that Huifeng had to make the final conditions at this time. "Thank Sir Shen Bi and Huifeng for their trust. The full implementation of the improved currency board system and the independent operation of the exchange fund are always inseparable from Huifeng's support."
"Sir Gao has always been able to do what others can't do. If the exchange fund only protects the issuance of Hong Kong dollars, it would be too talented to use." Shen Bi looked at Gao Xian, who had been cheated by himself several times, but didn't get it in the end, and made a condition. "I think the exchange fund can shoulder the important task of" lender of last resort "in the Xiangjiang banking industry alone."
Upon hearing this, Gao Xian was surprised and had some enlightenment in his heart.
The so-called lender of last resort is one of the important functions of the central bank. To put it bluntly, if a bank encounters a squeeze or crisis, it must help; Or, when the position of the whole banking system is tight, it is also responsible for providing overnight credit, etc.
Huifeng, as the quasi Central Bank of Xiangjiang, played such a role in the banking crisis of Xiangjiang in the 1960s; Standard Chartered, headquartered in London, UK, also helped.
Of course, Huifeng will not be busy in vain. The monopoly profits gained as a quasi central bank are very rich, and even won the control of Hengsheng bank.
At present, we are not sure that Huifeng is also playing the role of lender of last resort in the Xiangjiang banking crisis in the early 1980s, which has completely recovered and will not recur. It just seems that Huifeng is a little "lazy". Accordingly, Yili, Gaoyi, Bank of China and even the Hong Kong government are involved to make up for Huifeng's "laziness".
Now, Shen Bi wants the exchange fund after independent operation to play the role of "lender of last resort" in Xiangjiang banking industry. On the surface, Huifeng is hopelessly "lazy". But on a deeper level, Huifeng is making further preparations for evacuating Xiangjiang. This quiet layout is much better than Jardine's running away. Although the headquarters is moved away from Xiangjiang, However, it does not affect the pattern that Xiangjiang is still its cornucopia.
Seeing Gao Xianning thinking, Shen Bi said skillfully: "after taking over the responsibility of the lender of last resort, the exchange fund will undoubtedly have a decisive influence on the whole Xiangjiang banking industry. As the founder of all this, sir Gao's status will be further improved and become a brilliant part of Xiangjiang's history..."
Shen Bi as like as two peas, he restructured the beneficial banks that year, and then sold the high notes to the high court with the selling point of the right to make the Hong Kong dollar as a selling point, which only kept the development of the financial kingdom of Kao as the same as that of the king.
As long as there is a buffer, Gao Xian is really not afraid of the ghost man's pit. It is beneficial to the bank, which was carefully arranged by Shen Bi in those years. Isn't it a burden to him now?
What's more, in Gao Xian's plan, after the independent exchange fund stabilizes, it is inevitable to strive for some power to supervise the whole Xiangjiang banking industry sooner or later.
However, compared with the previous tacit understanding of the burdensome plan for the bank, Gao Xian thought that at this time, he could not pretend to be confused and had to speak clearly. Otherwise, he would really be a fool. Therefore, he and Shen Bi's rhetoric fell behind and smiled: "Sir Shen Bi, with our deep friendship, it's better to open the skylight and tell the truth. Huifeng wants to transfer the function of the lender of last resort to the exchange fund. Has he started formal preparations to withdraw the headquarters from Xiangjiang?"
Shen bizheng picked up the cup and wanted to moisten his dry voice. As a result, he was shocked by Gao Xian's accurate test and almost made a fool of himself.
Even the insiders of Lian Huifeng and the Hong Kong government have no more than one slap in the face. Gao Xian can guess such an important secret? Or has the news leaked from the Zhengfu?
Please report us if you find any errors so we can fix it asap!
PS: I wish book friends all the best in the year of the ox and make a lot of money!
……
Although the high string of judging the situation methodically came to the center of the stage of recasting Xiangjiang's financial order, and stubbornly created a widely popular situation, the game on local battlefields still arose one after another.
This phenomenon is not surprising. After all, the recasting of Xiangjiang's financial order has a wide range of implications.
Or the exchange rate strategy of linking a basket of currencies in the improved currency board system, because Xiangjiang has always been a free port in the world, which has attracted the attention of stakeholders engaged in international trade. They worry that this strategy is somewhat complex. Even if the exchange rate of the Hong Kong dollar will be expressed in the form of reference to the US dollar, the transparency is not as simple and crude as that of the Hong Kong dollar following the US dollar before, May cause their own transaction costs to rise.
This level of confrontation does not require Sir Gao to go to battle in person. He has his own Xiangjiang local college trained quietly to debate. However, Gao Xian must express his views on the specific exchange rate level to stabilize the Hong Kong dollar.
On September 24, the Hong Kong dollar hit a new low of 9.6 against the US dollar; After the Hong Kong government said it wanted to stabilize the Hong Kong dollar, the exchange rate of the Hong Kong dollar against the US dollar rebounded to about 8.4. At the same time, we will wait and see how the Hong Kong government can stabilize the Hong Kong dollar.
Time goes back to 1973, when the Hong Kong dollar began to implement the floating exchange rate system, the exchange rate of the Hong Kong dollar against the US dollar was 5.085; In 1974, the Hong Kong dollar appreciated to 4.965; By the time British Prime Minister Margaret Thatcher visited China in 1982, the exchange rate of the Hong Kong dollar against the US dollar had gradually depreciated to 6.6.
Over the past year or so, the exchange rate of the Hong Kong dollar against the US dollar has fallen from 6.6 to 8.4, which is the reference range for the finally stabilized exchange rate of the Hong Kong dollar, and the water in it is not generally deep,
First of all, don't forget what circle Xiangjiang is mixed in. We can't let mitti, who likes long arm jurisdiction, grasp the opportunity to brush the sense of existence. It's really hard to bear the big hat of exchange rate manipulator.
Finally, and most importantly, the stabilized Hong Kong dollar exchange rate must be suitable for the actual situation of Xiangjiang.
For example, it is unrealistic for the exchange rate of the Hong Kong dollar against the US dollar to return to the "six" era more than a year ago. Even if it can be pulled back, it will cost so much that it makes this move meaningless; The exchange rate of the Hong Kong dollar against the US dollar fell below 7.9, which occurred in mid September, almost marking that the Hong Kong dollar has entered a period of life and death. People in Xiangjiang society are worried. Therefore, the finally stabilized Hong Kong dollar exchange rate must not fall behind this line, otherwise it will have no significance to stabilize the Hong Kong dollar in a big way.
As for how much the exchange rate of the Hong Kong dollar against the US dollar is pulled back from the 7.9 line, it is the main difficulty to test the elites who are qualified to participate in the recasting of the financial order in Xiangjiang. People of insight can show their skills and express their views.
Only from the analysis of Xiangjiang's macroeconomic data, think tanks including Gaoyi, Huifeng and financial research institutions under the Hong Kong government have similar conclusions, that is, in theory, the exchange rate of the Hong Kong dollar against the US dollar from 7.25 to 7.50 is a relatively reasonable range.
But the problem is that in theory, just pulling the exchange rate of the Hong Kong dollar against the US dollar back from the current wait-and-see attitude of 8.4 to 7.5 is like a natural moat.
Gao Xian knows best, but he is confident that he relies on mastering the general situation rather than foolishly trying to be strong for a while. Moreover, he suspects that the British have the intention to set a trap, just as the Hong Kong government has been forced into a corner by the rhetoric that the asset scale of foreign exchange funds has exceeded $30 billion in five years.
Therefore, with a high string of 12 points of caution, "no creativity" advocates pragmatism and pulls the exchange rate of the Hong Kong dollar against the US dollar back to 7.8. It is the most operable. The goal can be achieved by the end of this year at the latest. As a result, it has aroused several rounds of debate. Among them, there is no lack of irony that Lord Gao wants to manage the exchange fund and opportunism. Is there only such a skill?
Gao Xian feels that the Englishman has a bad heart. If the Englishman is in charge, he must be so "close to the side", but if he is replaced by Sir Gao, he will raise his requirements!
To Gao Xian's relief, the pressure has been on the British side who played tricks before, which also made him want to separate some energy from the debate and strengthen communication with the banking industry.
We should know that once the improved currency board system stabilizes the Hong Kong dollar exchange rate, the pressure will shift to interest rates. Only by taking precautions can we remain invincible.
At this time, Shen Bi's deep talk with Sir Gao, who came to Huifeng, was particularly important and meaningful.
Under the lobbying of Sir Gao, Xia Ding, the Deputy Chief Secretary of the Hong Kong government, based on the end of the financial secretary's term of office, facilitated the three Hong Kong dollar note issuing banks, Huifeng, Standard Chartered and Yili, to conduct a small-scale experimental operation on the improved currency board system. Huifeng and Standard Chartered may be surprised at the uproar caused by the independent operation of the improved currency board system and foreign exchange fund in Xiangjiang, But it's no accident.
In terms of specific response, Huifeng has a high attitude of putting on airs. If it's time to give advice, it's time to give advice, and if it's time to debate, it's time to debate. It's just that it hasn't been clear who it will support in the end.
This dialogue between Shen Bi and Gao Xian was very interesting at the beginning. "Huifeng does not oppose Sir Gao's management of the exchange fund, and even supports Sir Gao in principle."
Gao Xian suddenly understood that Huifeng had to make the final conditions at this time. "Thank Sir Shen Bi and Huifeng for their trust. The full implementation of the improved currency board system and the independent operation of the exchange fund are always inseparable from Huifeng's support."
"Sir Gao has always been able to do what others can't do. If the exchange fund only protects the issuance of Hong Kong dollars, it would be too talented to use." Shen Bi looked at Gao Xian, who had been cheated by himself several times, but didn't get it in the end, and made a condition. "I think the exchange fund can shoulder the important task of" lender of last resort "in the Xiangjiang banking industry alone."
Upon hearing this, Gao Xian was surprised and had some enlightenment in his heart.
The so-called lender of last resort is one of the important functions of the central bank. To put it bluntly, if a bank encounters a squeeze or crisis, it must help; Or, when the position of the whole banking system is tight, it is also responsible for providing overnight credit, etc.
Huifeng, as the quasi Central Bank of Xiangjiang, played such a role in the banking crisis of Xiangjiang in the 1960s; Standard Chartered, headquartered in London, UK, also helped.
Of course, Huifeng will not be busy in vain. The monopoly profits gained as a quasi central bank are very rich, and even won the control of Hengsheng bank.
At present, we are not sure that Huifeng is also playing the role of lender of last resort in the Xiangjiang banking crisis in the early 1980s, which has completely recovered and will not recur. It just seems that Huifeng is a little "lazy". Accordingly, Yili, Gaoyi, Bank of China and even the Hong Kong government are involved to make up for Huifeng's "laziness".
Now, Shen Bi wants the exchange fund after independent operation to play the role of "lender of last resort" in Xiangjiang banking industry. On the surface, Huifeng is hopelessly "lazy". But on a deeper level, Huifeng is making further preparations for evacuating Xiangjiang. This quiet layout is much better than Jardine's running away. Although the headquarters is moved away from Xiangjiang, However, it does not affect the pattern that Xiangjiang is still its cornucopia.
Seeing Gao Xianning thinking, Shen Bi said skillfully: "after taking over the responsibility of the lender of last resort, the exchange fund will undoubtedly have a decisive influence on the whole Xiangjiang banking industry. As the founder of all this, sir Gao's status will be further improved and become a brilliant part of Xiangjiang's history..."
Shen Bi as like as two peas, he restructured the beneficial banks that year, and then sold the high notes to the high court with the selling point of the right to make the Hong Kong dollar as a selling point, which only kept the development of the financial kingdom of Kao as the same as that of the king.
As long as there is a buffer, Gao Xian is really not afraid of the ghost man's pit. It is beneficial to the bank, which was carefully arranged by Shen Bi in those years. Isn't it a burden to him now?
What's more, in Gao Xian's plan, after the independent exchange fund stabilizes, it is inevitable to strive for some power to supervise the whole Xiangjiang banking industry sooner or later.
However, compared with the previous tacit understanding of the burdensome plan for the bank, Gao Xian thought that at this time, he could not pretend to be confused and had to speak clearly. Otherwise, he would really be a fool. Therefore, he and Shen Bi's rhetoric fell behind and smiled: "Sir Shen Bi, with our deep friendship, it's better to open the skylight and tell the truth. Huifeng wants to transfer the function of the lender of last resort to the exchange fund. Has he started formal preparations to withdraw the headquarters from Xiangjiang?"
Shen bizheng picked up the cup and wanted to moisten his dry voice. As a result, he was shocked by Gao Xian's accurate test and almost made a fool of himself.
Even the insiders of Lian Huifeng and the Hong Kong government have no more than one slap in the face. Gao Xian can guess such an important secret? Or has the news leaked from the Zhengfu?
PS: I wish book friends all the best in the year of the ox and make a lot of money!Although the high string of judging the situation methodically came to the center of the stage of recasting Xiangjiang's financial order, and stubbornly created a widely popular situation, the game on local battlefields still arose one after another.This phenomenon is not surprising. After all, the recasting of Xiangjiang's financial order has a wide range of implications.Or the exchange rate strategy of linking a basket of currencies in the improved currency board system, because Xiangjiang has always been a free port in the world, which has attracted the attention of stakeholders engaged in international trade. They worry that this strategy is somewhat complex. Even if the exchange rate of the Hong Kong dollar will be expressed in the form of reference to the US dollar, the transparency is not as simple and crude as that of the Hong Kong dollar following the US dollar before, May cause their own transaction costs to rise.This level of confrontation does not require Sir Gao to go to battle in person. He has his own Xiangjiang local college trained quietly to debate. However, Gao Xian must express his views on the specific exchange rate level to stabilize the Hong Kong dollar.On September 24, the Hong Kong dollar hit a new low of 9.6 against the US dollar; After the Hong Kong government said it wanted to stabilize the Hong Kong dollar, the exchange rate of the Hong Kong dollar against the US dollar rebounded to about 8.4. At the same time, we will wait and see how the Hong Kong government can stabilize the Hong Kong dollar.Time goes back to 1973, when the Hong Kong dollar began to implement the floating exchange rate system, the exchange rate of the Hong Kong dollar against the US dollar was 5.085; In 1974, the Hong Kong dollar appreciated to 4.965; By the time British Prime Minister Margaret Thatcher visited China in 1982, the exchange rate of the Hong Kong dollar against the US dollar had gradually depreciated to 6.6.Over the past year or so, the exchange rate of the Hong Kong dollar against the US dollar has fallen from 6.6 to 8.4, which is the reference range for the finally stabilized exchange rate of the Hong Kong dollar, and the water in it is not generally deep,First of all, don't forget what circle Xiangjiang is mixed in. We can't let mitti, who likes long arm jurisdiction, grasp the opportunity to brush the sense of existence. It's really hard to bear the big hat of exchange rate manipulator.Finally, and most importantly, the stabilized Hong Kong dollar exchange rate must be suitable for the actual situation of Xiangjiang.For example, it is unrealistic for the exchange rate of the Hong Kong dollar against the US dollar to return to the "six" era more than a year ago. Even if it can be pulled back, it will cost so much that it makes this move meaningless; The exchange rate of the Hong Kong dollar against the US dollar fell below 7.9, which occurred in mid September, almost marking that the Hong Kong dollar has entered a period of life and death. People in Xiangjiang society are worried. Therefore, the finally stabilized Hong Kong dollar exchange rate must not fall behind this line, otherwise it will have no significance to stabilize the Hong Kong dollar in a big way.As for how much the exchange rate of the Hong Kong dollar against the US dollar is pulled back from the 7.9 line, it is the main difficulty to test the elites who are qualified to participate in the recasting of the financial order in Xiangjiang. People of insight can show their skills and express their views.Only from the analysis of Xiangjiang's macroeconomic data, think tanks including Gaoyi, Huifeng and financial research institutions under the Hong Kong government have similar conclusions, that is, in theory, the exchange rate of the Hong Kong dollar against the US dollar from 7.25 to 7.50 is a relatively reasonable range.But the problem is that in theory, just pulling the exchange rate of the Hong Kong dollar against the US dollar back from the current wait-and-see attitude of 8.4 to 7.5 is like a natural moat.Gao Xian knows best, but he is confident that he relies on mastering the general situation rather than foolishly trying to be strong for a while. Moreover, he suspects that the British have the intention to set a trap, just as the Hong Kong government has been forced into a corner by the rhetoric that the asset scale of foreign exchange funds has exceeded $30 billion in five years.Therefore, with a high string of 12 points of caution, "no creativity" advocates pragmatism and pulls the exchange rate of the Hong Kong dollar against the US dollar back to 7.8. It is the most operable. The goal can be achieved by the end of this year at the latest. As a result, it has aroused several rounds of debate. Among them, there is no lack of irony that Lord Gao wants to manage the exchange fund and opportunism. Is there only such a skill?Gao Xian feels that the Englishman has a bad heart. If the Englishman is in charge, he must be so "close to the side", but if he is replaced by Sir Gao, he will raise his requirements!To Gao Xian's relief, the pressure has been on the British side who played tricks before, which also made him want to separate some energy from the debate and strengthen communication with the banking industry.We should know that once the improved currency board system stabilizes the Hong Kong dollar exchange rate, the pressure will shift to interest rates. Only by taking precautions can we remain invincible.At this time, Shen Bi's deep talk with Sir Gao, who came to Huifeng, was particularly important and meaningful.Under the lobbying of Sir Gao, Xia Ding, the Deputy Chief Secretary of the Hong Kong government, based on the end of the financial secretary's term of office, facilitated the three Hong Kong dollar note issuing banks, Huifeng, Standard Chartered and Yili, to conduct a small-scale experimental operation on the improved currency board system. Huifeng and Standard Chartered may be surprised at the uproar caused by the independent operation of the improved currency board system and foreign exchange fund in Xiangjiang, But it's no accident.In terms of specific response, Huifeng has a high attitude of putting on airs. If it's time to give advice, it's time to give advice, and if it's time to debate, it's time to debate. It's just that it hasn't been clear who it will support in the end.This dialogue between Shen Bi and Gao Xian was very interesting at the beginning. "Huifeng does not oppose Sir Gao's management of the exchange fund, and even supports Sir Gao in principle."Gao Xian suddenly understood that Huifeng had to make the final conditions at this time. "Thank Sir Shen Bi and Huifeng for their trust. The full implementation of the improved currency board system and the independent operation of the exchange fund are always inseparable from Huifeng's support.""Sir Gao has always been able to do what others can't do. If the exchange fund only protects the issuance of Hong Kong dollars, it would be too talented to use." Shen Bi looked at Gao Xian, who had been cheated by himself several times, but didn't get it in the end, and made a condition. "I think the exchange fund can shoulder the important task of" lender of last resort "in the Xiangjiang banking industry alone."Upon hearing this, Gao Xian was surprised and had some enlightenment in his heart.The so-called lender of last resort is one of the important functions of the central bank. To put it bluntly, if a bank encounters a squeeze or crisis, it must help; Or, when the position of the whole banking system is tight, it is also responsible for providing overnight credit, etc.Huifeng, as the quasi Central Bank of Xiangjiang, played such a role in the banking crisis of Xiangjiang in the 1960s; Standard Chartered, headquartered in London, UK, also helped.Of course, Huifeng will not be busy in vain. The monopoly profits gained as a quasi central bank are very rich, and even won the control of Hengsheng bank.At present, we are not sure that Huifeng is also playing the role of lender of last resort in the Xiangjiang banking crisis in the early 1980s, which has completely recovered and will not recur. It just seems that Huifeng is a little "lazy". Accordingly, Yili, Gaoyi, Bank of China and even the Hong Kong government are involved to make up for Huifeng's "laziness".Now, Shen Bi wants the exchange fund after independent operation to play the role of "lender of last resort" in Xiangjiang banking industry. On the surface, Huifeng is hopelessly "lazy". But on a deeper level, Huifeng is making further preparations for evacuating Xiangjiang. This quiet layout is much better than Jardine's running away. Although the headquarters is moved away from Xiangjiang, However, it does not affect the pattern that Xiangjiang is still its cornucopia.Seeing Gao Xianning thinking, Shen Bi said skillfully: "after taking over the responsibility of the lender of last resort, the exchange fund will undoubtedly have a decisive influence on the whole Xiangjiang banking industry. As the founder of all this, sir Gao's status will be further improved and become a brilliant part of Xiangjiang's history..."Shen Bi as like as two peas, he restructured the beneficial banks that year, and then sold the high notes to the high court with the selling point of the right to make the Hong Kong dollar as a selling point, which only kept the development of the financial kingdom of Kao as the same as that of the king.As long as there is a buffer, Gao Xian is really not afraid of the ghost man's pit. It is beneficial to the bank, which was carefully arranged by Shen Bi in those years. Isn't it a burden to him now?What's more, in Gao Xian's plan, after the independent exchange fund stabilizes, it is inevitable to strive for some power to supervise the whole Xiangjiang banking industry sooner or later.However, compared with the previous tacit understanding of the burdensome plan for the bank, Gao Xian thought that at this time, he could not pretend to be confused and had to speak clearly. Otherwise, he would really be a fool. Therefore, he and Shen Bi's rhetoric fell behind and smiled: "Sir Shen Bi, with our deep friendship, it's better to open the skylight and tell the truth. Huifeng wants to transfer the function of the lender of last resort to the exchange fund. Has he started formal preparations to withdraw the headquarters from Xiangjiang?"Shen bizheng picked up the cup and wanted to moisten his dry voice. As a result, he was shocked by Gao Xian's accurate test and almost made a fool of himself.Even the insiders of Lian Huifeng and the Hong Kong government have no more than one slap in the face. Gao Xian can guess such an important secret? Or has the news leaked from the Zhengfu?
