Rebirth capital madman

Focusing on the high-string claims, the foreign exchange fund is operated independently, and the fierce debate they laveired, we must have strict inch that there is no dead angle.

Simply take a package of international currency exchange rate system, there is an official exchange rate between the Exchange Fund and the Banknote Bank. It is scheduled to be a US dollar to be held at 7:88. It does not have a constant provision, which is not Determinative, let some people are not satisfied.

When the banknotes banknotes, deposit the foreign exchange fund to the equivalent package of the package of equivalent, in exchange for the debt manual of the foreign exchange fund, basically follow the previous "tradition", the main difference is a single pound, dollar, It turned into a large package of international currency, no big problem.

There is a market exchange rate with the official exchange rate, because it is free to float, and there is a difference between the official interest rate, attracting banks, buying Hong Kong dollars or selling Hong Kong dollar, and ultimately maintaining HK $.

This "correction" mechanism is that the previous Xiangjiang banknote system is not, because the principle is easy to understand, and it is widely appreciated, it is called no objection.

However, in this arbitrage activity, the banknotes and foreign exchange funds can be operated without restrictions on the liabilities in the instrument, but other banks can only pass the banknotes, Hong Kong dollars and US dollars. Operational operation.

Obviously, the so-called fairness, special treatment, making some people dissatisfied.

Also, the Exchange Fund began to issue a 91st day bill and bond to the accreditation institution, with a total of $ 200 million, a minimum of 500,000 Hong Kong dollars, auction every week.

In fact, this is a category of open market operations in the central bank.

The plan can be accepted between the Hong Kong dollar market exchange rate and the official exchange rate of free floating, between Hong Kong dollars, and the foreign exchange fund management bureau can operate in the actual operation, intervention is intervened with the free floating interval, even more.

Unprecedented power also makes some people dissatisfied.

All of these, not enough, based on the debate of the respects of the small ninety-nine, we are also worthy.

They are destined to "fulfill", they must know that now belongs to a special period, British people who have threatened the bargains of threats because of the prosperity of Xiangjiang, and they are smashed, and Hong Kong dollar is close to the collapse, and the exchange rate against the US dollar is barely stopped at the current eight-point four. Level, watching the stability measures promised by the Hong Kong Government, the longer the time, the greater the pressure on the Hong Kong government.

So, for the high-jazz's relevance, the foreign exchange fund is independently operated, the research study is almost, the time is tight, it is not bad for the wrong, and the Gao Jazz blows up the sky. Can you not have a five-year term?

So, on Saturday, October 8, that is, the Hong Kong Government has changed, and the Legislative Council finally considers the "Foreign Exchange Ordinance" revision.

The situation is more than people, the chord is in advance, helping the ghosts do homework, and thus forced them to have no hand, in addition to accepting ready-made solutions, have other options?

Deputy Finance Secretary of the Hong Kong Government, instead of the Financial Secretary of the "Due to the Vacation" Peng Li, three reading basically in accordance with the intention of the essay, the revised "Exchange Fund Ordinance".

Members who have arisen in these days, some of them have their own expressions, and the "Exchange Fund Ordinance" is uncomfortable.

The end of this process is formally announced that following the Audit Department, after the Ministry of Command, the Exchange Fund Administration has become the third independent operation of Xiangjiang.

Next, the Governor Escheriching, the Executive Board of the Gazz, who was the first president of the Exchange Fund Committee, and the first president of the Exchange Fund Administration.

Senior strings are right, the people are returned, and there will be no unexpected drama, smooth pass.

Then, the chow in the identity of the Exchange Fund Committee, announced the list of the first directors of the Exchange Fund, including the chairman of the Supreme, Financial Secrets, three bills of banknotes Huifeng, Standard, and favorable representatives, six fragrances The representative of the commercial bank, and a separate directors who represent the academic circles of Xiangjiang.

This link is even more problematic, and like the Supreme Declaration of the Exchange Fund Authority after the appointment of the two vice president of Li Guobao.

After the process of legal provisions, the process of personnel appointment, let the ghosts are in the spirit of the spirit, this is, the Gazz's identity of the Exchange Fund Authority, elaborates the work goal of its five-year term.

The ghosts did not disappointe, and the essays were not officially mentioned, and the export fund asset was more than $ 3.0 billion after the scale of the company.

When introducing this work goal, the eucalyptus has completed a sentence. Before the established goal is achieved as scheduled, the salary of these five years, I only symbolically receives a Hong Kong dollar. In fact, I want to even receive the salary of this Hong Kong dollar, but I can worry that I have troubled and inconvenient to other colleagues, so I will receive a Hong Kong dollar symbolically.

Gao Jazz is so resolute! Who is not convinced, come over the opening!

Finally, the tall face is calmly invited: "Ms., Mr., Miss His, and what the media friends and representatives, if there is any problem, please speak freely, I know."

This, the words opened.

For example, Members Luo Bao asked, there is a well-known close relationship between the Gala and the bank, the securities world, and the business community, and now the president of the Exchange Fund Administration, how can I avoid the possible delivery risk?

In the high string, this question is a fart, Xiangjiang even in this period, there is a clean government's deterrence, and no one dares to ensure that it is 100% "simple", take you Roberty, do you only earn a member Salard?

Disdain is not disdainful, ask questions, the chords should be carefully answered.

He slowly said in a clear tone: "I have resigned from the Chairman of the Board of Directors and the Chairman of the Board of the Bay, and even invited the head of the Foundation of the Trade Development Bureau." "

"In short, I will try to make my identity. However, given that I have to achieve more than $ 3 billion, I have to achieve the goal of the foreign exchange fund asset, sometimes I may express a fund manager."

"So I ask you to ask for supervisors to give understanding and support."

......

In this way, a busy one morning, the Legislative Council meeting successfully ended.

After the news came out, although the new system would wait until the day, it began to formally implement it, but the Hong Kong dollar against the US dollar exchange rate has made a positive response, callback to 8:88, open a quite good head.

Since then, Xiangjiang has begun to enter, the hosted, and the HK $ with a basket of international currency exchange rate system.