Chapter 1152 Hong Kong Securities Regulatory Commission

Since September, Xia Yu has become more and more busy.

Although there are many smart and capable subordinates who share his worries, many things still need to be arranged by him personally.

For example, the reform of the financial system in Hong Kong, the opening of the United Stock Exchange, the opening of the Hong Kong Commodity Exchange and the preparation of futures commodities, and the hunting plan of the Galaxy Fund......

Fortunately, the Latin American sovereign debt crisis, which most involved his energy, has erupted for more than a month.

Except for a little problem with the eight teams of the Galaxy Fund at the beginning, after a period of running-in, the eight teams have fully entered the state.

Especially after entering September, there were no problems that Xia Yu reported to Xia Yu to deal with, and the operation went very smoothly.

Because of this, Xia Yu also took out more energy to follow up on other things.

On this morning, Xia Yu summoned Liu Tianci and Wang Qi to his office, and Huo Jianning listened to them.

Xia Yu took the initiative to inquire about the acquisition of HSBC in Hong Kong.

Jiuding Securities Company, run by Wang Qi, is the most important executor, so Wang Qi stood up to report the situation to Xia Yu.

"Chairman, under our successive offensives, HSBC's share price quickly passed the plunge period, and now the stock price has entered the second stage of decline, which is in a steady decline stage, and the market value that evaporates every day is about 10 million Hong Kong dollars, but there is not much room for decline. ”

"Before I came, HSBC's market capitalization was around HK$4.95 billion. ”

"When we had a market capitalization of HK$5.2 billion, we were already buying at the bottom. ”

"Now we have increased our stake in HSBC from 18.6 percent to 39.7 percent. ”

"Now we are almost at the top, because in addition to the 54.7% stake held by the parent company HSBC Holdings, there is only 5.6% of the equity scattered outside. ”

"We don't have a lot of room to maneuver anymore, and now we buy a relatively small amount of shares every day. ”

After listening to Wang Qi's report, Xia Yu bowed his head slightly and praised: "You have done a good job, and some of the scattered shares can be acquired later." ”

"As for the matter of HSBC Holdings, I will deal with it, and there will definitely be a result this year. ”

Wang Qi and Liu Tianci both heard Xia Yu's potential meaning, the two glanced at each other, didn't dare to ask more, nodded and responded in unison: "Okay." ”

"The matter of the United Stock Exchange is almost over, right?" Xia Yu asked again.

Liu Tianci immediately replied: "Chairman, it's almost over, the trading hall has been completely decorated in place, and all kinds of machines and hardware facilities have been installed. ”

"The rules of management and trading regulations have also been made. ”

"At the moment, we are still in the internal simulation operation steps, and if all goes well, we plan to officially open to the public on October 11, while permanently closing the existing four stock exchanges. ”

Xia Yu's expression moved slightly, and he said, "It seems that it will be less than a month." ”

"Yes. Liu Tianci nodded and replied.

"The reason why it has been delayed until now is not entirely because of the simulated operation, mainly because the Hong Kong government has not yet completed the plan. ”

"The new Securities and Exchange Law is already going through the process, the China Securities Regulatory Commission is also in the process of being established, and the management regulations and trading rules of our exchanges are consistent with the new Securities and Exchange Law. "Nuancai Literature Network

"Until the new Securities and Exchange Act is officially implemented, our joint stock exchange cannot be activated, otherwise it will conflict with the current Securities and Exchange Act. ”

After Liu Tianci explained, Xia Yu suddenly understood.

However, he does not pay attention to the new Securities and Exchange Law, and he is interested in the upcoming establishment of the Xiangjiang Securities Regulatory Commission.

After he proposed it to the Governor of Hong Kong, Liu Tianci, Wang Qi and others were responsible for following up on this key institution.

That's right, there is indeed no real Securities Regulatory Commission in Xiangjiang now!

Similar functions are now being exercised by the Hong Kong government's Securities and Commodity Commission and the Securities and Commodity Exchange Commission, both of which are part-time government departments!

These two committees have many problems, and their authority is not large enough, although they can play a certain role in the management of the Hong Kong capital market, there are many problems.

The Securities and Futures Commission (SFC), which was established this time, is a statutory organization independent of government departments, and its full name is "Heung Kong Securities and Futures Commission"!

The Chairman and staff of the SFC are full-time professional regulators, and the funding is mainly borne by the market.

In addition, the newly established SFC will have many powers that originally belonged to the Monetary Authority, the most basic of which is the power to issue licenses.

Licenses for securities trading, futures contract trading, leveraged foreign exchange trading, advising on securities, advising on corporate finance, investment banking services, securities guarantee finance, asset management, credit rating services, etc., will all be issued by the SFC!

These are the foundation and lifeblood of financial institutions!

"Have the CSRC's management personnel confirmed?"

Xia Yu's face was a little solemn, and he asked Liu Tianci.

He had also entrusted Liu Tianci to follow up on this matter when he established the Xiangjiang Stock Exchange, and granted him the qualification to use the resources of the consortium to make decisions at critical moments, so the situation must be the most clear to Liu Tianci.

Liu Tianci thought for a while and said: "Chairman, the influence of the Securities Regulatory Commission is very large, and the scale is also very large, so since the Hong Kong government ordered the establishment of the foundation, countless people want to get involved, but you can rest assured, we occupy the first and leading position." ”

"Now most of the personnel have been identified, and the top level has been determined, a chairman of the Securities Regulatory Commission and four vice chairmen, plus an assistant to the chairman. ”

"Among them, Li Zhiheng, chairman of the China Securities Regulatory Commission, Wang Jiangqiu and Gao Song, vice chairmen, and Liu Yaxiong, assistant to the chairman, these four people are all our people, and the remaining two vice chairmen who do not belong to us are Dennis Kevin and Ye Qingyun. ”

"As for the seven bodies under the umbrella of the Academic Assessment Advisory Committee, the Investment Trust Committee, the Public Shareholders' Rights Committee, the Exchange Listing Committee, the Share Registrar Disciplinary Committee, the Takeovers and Mergers Committee and the Takeovers Appeal Committee, each of them has our people, all of whom are in key positions, and we have also screened out all the potential training targets for succession......

As Liu Tianci spoke, a smile gradually appeared on Xia Yu's face.

"Yes, you're doing a good job. ”

"When the CSRC is established, you bring some people over for me to meet. ”

Liu Tianci nodded and replied, "Okay." ”

“......”

After chatting with Liu Tianci and Wang Qi for a while, after confirming that there was nothing wrong, Xia Yu asked the two to go back.

After the two left, Xia Yu looked at Huo Jianning, smiled lightly and asked, "Jianning, to what extent is the new standard of CD discs?"

PS: It's my turn to be on duty for the past two days.,There's a lot of things.,And some Kavin.,I only finished writing a chapter until I got a little more.,I'll have a chapter tonight.,Please forgive me.。