Rebirth of the Strongest Tycoon
Vol 3 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 who share his worries for him, many things still need him to personally manage.
For example, the reform of the Hong Kong financial system, the opening of the United Stock Exchange, the opening of the Hong Kong Commodity Exchange and the preparation of futures commodities, the hunting plan of the Galaxy Fund...
Fortunately, the Latin American sovereign debt crisis, which has most affected his energy, has erupted 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, all eight teams are in full swing.
Especially after entering September, there were no problems that Xia Yu reported to Xia Yu to deal with, and the operation went smoothly.
As a result, Xia Yu also put out more energy to follow up other things.
This morning, Xia Yu summoned Liu Tianci and Wang Qi to his office, with Huo Jianning listening.
Xia Yu took the initiative to inquire about the acquisition of Hong Kong HSBC Bank.
Jiuding Securities Co., Ltd. operated by Wang Qi is the main executive, so Wang Qi stood up and reported to Xia Yu.
"Chairman, under our successive offensives, HSBC's stock price quickly passed a period of plunge. Now the stock price has entered the second stage of decline. It is in a steady decline stage, and the daily market value evaporated is only 10 million Hong Kong dollars Around, there is not much room to fall."
"Before I came, the market value of HSBC was around 4.95 billion Hong Kong dollars."
"When we had a market value of 5.2 billion Hong Kong dollars, we were already buying at the bottom."
"Now we have secretly increased the shareholding of HSBC from 18.6% to 39.7%."
"It is about to reach the top now, because in addition to the 54.7% of the shares held by the parent company HSBC Holdings, the remaining 5.6% of the shares are scattered."
"Our maneuverable space is no longer large, and the amount of stocks we buy every day is relatively small."
After listening to Wang Qi's report, Xia Yu nodded slightly and praised: "You have done a good job, and it's a good idea to buy some loose stocks later."
"As for HSBC Holdings, I will deal with it. There will be a result this year."
Wang Qi and Liu Tianci both heard Xia Yu's potential meaning. They looked at each other and did not dare to ask more. They nodded and responded in unison: "Okay."
"The United Stock Exchange is almost finished, right?" Xia Yu asked again.
Liu Tianci immediately replied: "Chairman, it's almost there, the trading floor has been completely renovated, and all the machines and hardware facilities have been installed."
"Management rules and transaction regulations have all been made."
"Now, it is still in the internal simulation operation step. If all goes well, it is planned to officially open to the outside world on October 11 and permanently close the existing four stock exchanges."
Xia Yu's expression moved slightly, and he said, "It seems that it is less than a month away."
"Yes." Liu Tianci nodded and replied.
"The reason why it has been delayed until now is not entirely because of the need to simulate operations, mainly because the Hong Kong government has not yet completed the plan."
"The new "Securities Exchange Law" is already in the process, and the China Securities Regulatory Commission is also being formed. The management regulations and trading rules of our exchange are consistent with the new "Securities Exchange Law."
"Before the new "Securities Exchange Law" is formally implemented, our unified stock exchange cannot be activated, otherwise it will conflict with the current "Securities Exchange Law."
After Liu Tianci explained, Xia Yu suddenly understood.
However, he does not pay attention to the new "Securities Exchange Law". What he values is the upcoming establishment of the Hong Kong Securities Regulatory Commission.
After he proposed to the Governor of Hong Kong, Liu Tianci, Wang Qi and others are responsible for follow-up of this key organization.
That's right, Xiangjiang does not have a real SFC now!
The Securities and Commodity Exchange Supervision Commission and the Securities and Commodity Exchange Administrative Commission of the Hong Kong Government have been performing similar functions, both of which are part-time government departments!
These two committees have many problems, and the authority is not large enough. Although they can play a certain management role on the HeungKong Capital Market, there are many problems.
The SFC established this time is a statutory organization independent of government departments, and its full name is the "Hong Kong Securities and Futures Commission"!
The chairman and staff of the China Securities Regulatory Commission are held by full-time professional supervisors, and the funds are mainly borne by the market.
In addition, the newly established Securities Regulatory Commission will obtain many powers that originally belonged to the Monetary Authority. The most basic is the power to issue licenses.
Licenses for securities trading, futures contract trading, leveraged foreign exchange trading, advice on securities, advice on institutional financing, investment banking services, securities assurance finance, asset management, credit rating services, etc. will all be issued by the China Securities Regulatory Commission!
These are the fundamental and lifeblood of financial institutions!
"Has the personnel of the management agency of the China Securities Regulatory Commission been confirmed?"
Xia Yu's face was slightly solemn, and asked Liu Tianci.
Before this incident, he also entrusted Liu Tianci to follow up when the Heung Kong United Stock Exchange was formed, and granted him the qualification to use consortium resources to make decisions at critical moments, so Liu Tianci must know the situation best~www.readwn. com~ Liu Tianci thought for a while and said: "Chairman, the SFC has a great influence and a huge scale. So since the Hong Kong government ordered the establishment, countless people want to intervene, but you can rest assured that we Occupy a pioneering and leading position."
"Now that most of the personnel have been identified, the top level has been determined, one chairman of the China Securities Regulatory Commission and four vice-chairmen, plus an assistant to the chairman."
"Among them, the Chairman of the China Securities Regulatory Commission Li Zhiheng, Vice Chairman Wang Jiangqiu and Gao Song, and Chairman Assistant Liu Yaxiong, these four people are our people, and the remaining two vice-chairmen who are not ours are Dennis Kevin and Ye Qingyun."
"As for the seven institutions under its jurisdiction, the Academic Review Advisory Committee, the Investment Trust Fund Committee, the Public Shareholders’ Equity Committee, the Exchange Listing Committee, the Share Registrar Disciplinary Committee, the Takeover and Merger Committee, and the Takeover Appeals Committee, each institution has The people who have us are all in key positions. As for the potential candidates for succession, we have also selected all of them..."
As Liu Tianci spoke, Xia Yu's face gradually showed a smile.
"Yes, you did a good job."
"After the establishment of the Securities Regulatory Commission, you will bring some people over for me to see."
Liu Tianci nodded and said, "Okay."
"..."
After chatting with Liu Tianci and Wang Qi for a while, 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 faint smile: "Jianning, how far is the new standard of CDs?"
PS: I have been on duty for these two days. There are a lot of things and some kavin. I only finished writing a chapter when I got a little too much. I will start a chapter tonight. Please forgive me.
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