As soon as the Gao Xian report on the Hong Kong securities industry was released, an interesting phenomenon emerged. The opposition and support camps for the inclusion of the Hong Kong Monetary Authority in the supervision of the securities industry directly launched tests and then tried to confront each other. Almost no one racked their brains.

To question the level of Gao Xian’s report.

There is no other reason. The identity of Sir Gao Xian, the president of the Hong Kong Monetary Authority, is really just the icing on the cake. The gold content of Gao Xian’s report itself is breathtaking. From the perspectives of listed companies, investors, supervision, public service attributes, etc., layer by layer

Progressively, it finally converged into the governance system of the Xiangjiang Monetary Authority that integrates the banking regulator, insurance regulator, and securities regulator. It not only draws on the experience and lessons of the securities industry in developed economies, but also takes care of the concerns of various interest groups as much as possible.

To use an analogy, the Hong Kong Securities Industry Review Committee investigated and studied the current situation of the Hong Kong securities industry and formed the Davis Report for adoption by the Hong Kong government. It finally formed the basis for legislation and rebuilt the power structure of the Hong Kong securities industry. A complete set of processes.

It's like a racing track, and the devils like Davis and Huo Liyi have about half a year of running time, but as soon as Gao Xian's report came out, it was equivalent to taking the lead for several laps, and being "stuck" everywhere, making it difficult for later

Those who eat it will only eat ashes.

If you listen to one type of voice that is being discussed in the media, you can vividly understand how embarrassing this "stuck position" is for the Hong Kong Securities Industry Review Committee.

The free Gao Xian report is a high-level work even internationally! So, is it necessary for the Hong Kong Securities Industry Review Committee, which spends taxpayers' money, to study the Davis report? Why not just use Gao Xian

Report? Or, the Hong Kong Securities Industry Review Committee promises to produce a Davis report that surpasses the Gao Xian report in a few months?

It is no exaggeration to say that the Hong Kong Securities Industry Review Committee, which was counting on the success of the Davis report, even had questions about its rationality!

Therefore, it is not difficult to imagine that the opposition and support camps for the Hong Kong Monetary Authority to be included in the supervision of the securities industry, after a brief period of testing each other's attitudes, quickly entered a state of fighting while talking trash and throwing fists at each other.

As the saying goes, there are all kinds of things in the world, and to describe them, we can only choose one or two perspectives from each side.

The motivation to support one side can be summed up very simply.

Hong Kong has entered a transitional period. In terms of governance, the Chinese in Hong Kong can no longer be ignored by ghosts and should learn to walk on their own. Moreover, facts have shown that Sir Gao is a representative of the elite Chinese in Hong Kong who is wise enough. In 1982, the Hong Kong Exchange Fund Administration

To save the Hong Kong dollar crisis, the Hong Kong Monetary Authority's rescue of the market in 1987 is the best proof.

It is inevitable that some people are not confident, and they are worried that big moves such as Xiangjiang's real-time payment and settlement system and the Xiangjiang banking industry's central settlement mechanism are being pushed forward intensively. It is not easy at all. However, at this time, the Xiangjiang Monetary Authority is trying to win over the Xiangjiang securities industry.

Will the regulatory power be too busy to focus on one thing at the expense of the other, or even make too many enemies?

There is a saying that the opposition forces are extremely strong.

Whether it is correct or not, reasonable or not, long-term or not, all must give way to interests and checks and balances.

The Hong Kong Monetary Authority, which owns the Hong Kong Exchange Fund management and monetary policy, bank supervision, and insurance supervision, is already a powerful monster in Hong Kong. The securities industry with huge profits must not be handed over to it again.

Although Xiangjiang has entered the transitional stage, there are still more than ten years left. Now it is fully supervised by the Chinese. How can the ghosts eat freely and decently? Furthermore, what if the transitional stage is over? According to custom, it is in line with the ghosts

The structure of interests and even ideas can be left behind.

This kind of simple and crude opposition can be described as the law of the jungle style. Correspondingly, there are also some that are covered with a layer of legal cloak.

If the Heungkong Monetary Authority really integrates the Banking Regulatory Authority, the Insurance Regulatory Commission and the Securities Regulatory Commission to comprehensively supervise the financial industry in Hong Kong, who will supervise the Heungkong Monetary Authority to ensure that this all-rounder operates without problems?

Debates in the media, in the Legislative Council, and even among the public are only superficial; old clubs like the Hong Kong Club, high-end clubs of certain chambers of commerce, and even private villas, and the various small circles that gather there, have almost no meaning.

Express your position with reservation, and then spare no effort to plan.

For example, a group of ghost guys, including Davis, Huo Liyi, etc., got together again to exchange information with each other.

"We have no other choice. We must pull Gao Xian down from the altar in order to severely damage the rising Chinese forces in Hong Kong." Fok Liyi, the current chief executive of the Hong Kong Stock Exchange, took out a stack of documents and audio tapes, "Since taking office, I have tried my best

During Li Fuzhao's reign, local collectors had information on the new issues on the Stock Exchange

More internal clues to the stock-listing corruption case, including those before the merger of the four exchanges, especially during the Far East Exchange stage. Not to mention, there were some gains. Under inducements, some old employees even made reminiscences and left recordings.

, I believe that as long as we dig deeper, we will definitely be able to have something to do with Gaoyi."

Hu Lida, one of the so-called "Four Kings" in the Hong Kong Department of Justice, said, "Li Fuzhao paid a huge bail and did not need to be detained. Although it is in compliance with the law, it is not conducive to prying his mouth open. This person has made many enemies."

If there are too many, why not take advantage of it and make a fuss about not being able to bail and lock them up for trial, which will be more effective?"

The ghost guys nodded again and again, how could they forget such an important breakthrough point of Li Fuzhao, it must be fully squeezed and squeezed again.

Davis said, "I am increasing the review staff to try to break through the obstacles set by Gao Xian's report as much as possible."

Hu Lida raised his eyebrows and asked, "Is there any specific progress?"

Davis swallowed and seemed a little unsure, "For example, restructure the Stock Exchange into a non-profit organization, and then freeze the considerable income of the Stock Exchange."

"There is indeed no such item in Gao Xian's report." Hu Lida turned to Huo Liyi, "How is it?"

Huo Liyi thought for a while from the perspective of the CEO of the Hong Kong Stock Exchange, and then nodded in agreement, "This is indeed a clever move. Although I currently serve as the CEO of the Stock Exchange, my time is limited after all, and the Chinese will be entrenched for a long time.

, even half

After the year, there is no guarantee that all Chinese people in all important positions of the Stock Exchange will be completely purged. Otherwise, it will cause a violent backlash among the Chinese in the Stock Exchange, and even those Chinese member representatives on the trading floor, and the Stock Exchange will be paralyzed. I

Instead, he became passive."

"Reforming the Stock Exchange into a non-profit organization can effectively reduce the operating expenses of the Chinese forces. If there is not enough money, I think there are still a few who can have fun!"

"Then it's settled." Hu Lida urged: "Send these clues to the Independent Commission Against Corruption as soon as possible and drag Gao Yi into the situation. Even if you can't peel off a layer of skin, it will make Gao Xian dirty and deal a heavy blow to his
Chapter completed!