Liu Yunkai was silent: "Oh, three major benefits?"

Zhang Chen nodded: "First of all, in emerging countries, the sovereign wealth fund invested by the state is the trend of the times, and the scale of the sovereign fund has expanded from 500 million US dollars to 80 billion US dollars, because everyone has seen how big the investment market pie is. Moreover, the financial crisis has also proved that if a country has hedging tools, it can greatly avoid financial risks, such as Singapore, which suffered almost nothing in this crisis, which is inseparable from Temasek's effective regulation. ”

"If Huaxia can take this opportunity to set up its own sovereign fund, there is no doubt that it will become an effective measure for China to improve the performance of foreign exchange reserve management and offset excess liquidity, and make great contributions to the preservation and appreciation of state-owned assets. ”

Liu Yunkai said contemplatively: "I still need to understand this again, after all, sovereign funds are a new thing, and whether there is such a strong regulatory role needs to be thoroughly investigated." What are the other two benefits?"

Zhang Chen stretched out two fingers: "Second, as far as the financial crisis is concerned, if the SAR government can use foreign reserves, the HKMA can directly enter the market, and it is not impossible to defeat international speculators, because their difficulty lies in not wanting to give up their status as an international financial center and worrying about being squeezed out by international capital, so they are worried." The mainland's foreign reserves are US$40 billion more than those of Hong Kong, and only a part of it needs to be used to deal with the attacks of international speculators, and on the premise that the HKMA stabilizes the Hong Kong dollar exchange rate, this sovereign wealth fund will start a confrontation with international speculators, which can completely solve Hong Kong's current concerns. As long as the Hang Seng Index can be stabilized above the average opening price of international speculators, international speculators will definitely lose. ”

Liu Yunkai thought about it for a long time: "It's still not good, foreign reserves are related to the country, and the risk is too great." Moreover, even if the international speculators are beaten, there is nothing good. ”

Zhang Chen smiled slightly: "Huoxingyuan has calculated that in the case of international speculators leveraging 100 billion US dollars, we only need to invest about 30 billion yuan to pull the Hang Seng Index to more than 500 points of their opening price, and we can make a profit of at least 5 billion US dollars." ”

Liu Yunkai gasped: "Five billion dollars?"

Zhang Chen nodded, "Most of the 100 billion US dollars they use are leveraged, and they also have to spend a lot of money in the foreign exchange market, and the money for really shorting stock indices and futures indices is very limited, and the risks are completely controllable." ”

Five billion dollars! Although I can't get this money myself, I think that if I can make this happen, if I can really have such a benefit, there is no doubt that this is the greatest credit!

Moreover, with so much money, how many things can be solved, almost all of the money needed for the reform of the medical system and the education system is used, and the $5 billion is much better than 40 billion yuan.

Liu Yunkai resisted the temptation: "Mr. Yang will not agree, the current foreign reserves in China can be saved by a dime, and we can't take such a big risk." ”

Zhang Chen smiled: "Yes, it is indeed unwise for sovereign wealth funds to directly intervene in this war purely for the sake of investment income, but the third point I want to say is the most critical." ”

"If Huaxia's sovereign wealth fund participates in the bailout, it can bring the mainland and Xiangjiang closer together, greatly enhance the prestige of the central government in Xiangjiang, and completely frustrate the conspiracy of those guys with evil intentions!

This sentence was like a thunderbolt from the sky, and Liu Yunkai was stunned.

"You, what did you say?" Liu Yunkai's lips trembled.

Zhang Chen's face was serious: "Does Mr. Yang think that the return is over? No, Xiangjiang's problem, the return is just the beginning." On the day of the handover, 200,000 people left Hong Kong and expressed great antipathy to the return, and we must face up to this reality. If we don't take precautions and don't take the initiative to solve it, it will sooner or later become our biggest hidden danger. You must know that before the British left Hong Kong, they left a lot of landmines in the political and economic fields, and Bai Teng changed the electoral system of the Legislative Council in 92 years, and turned the seats of nine members into direct elections in disguise, which posed a big problem to us. Although the relationship between the two places is in the honeymoon period now, with the passage of time and the instigation of people with ulterior motives, the future... ”

Liu Yunkai was shocked, in fact, these problems have not been considered in Kyoto. But now almost everyone is immersed in the joy of returning, and even the sporadic discordant notes are automatically filtered.

Moreover, a generation has a generational responsibility, and the responsibility of this generation is to solve the problem of whether it is good or not, and as for whether it is good or not, it is a problem that needs to be solved by the next generation.

But if the issue of Hong Kong can be truly solved in this generation, or lay a good foundation for the future, why not?

A person's merits can only be fairly judged in the long river of history, and it will take ten, twenty, or even hundreds of years. When it comes to the status of Yang Zhuping and No. 1, what I think about more is how to leave a name in history.

Liu Yunkai's expression was full: "You tell me in detail." ”

Zhang Chen said calmly: "Well, if the sovereign wealth fund intervenes, instead of the HKMA directly entering the market, on the one hand, it will maintain the reputation of the Hong Kong International Financial Center, which will be a major benefit to the Special Economic Zone." At the same time, in the direct confrontation with international speculators, sovereign funds in the stock market and futures markets in Hong Kong will inevitably engage in hand-to-hand combat with international speculators. This is a great opportunity for us to really get involved in the economy of Hong Kong, and we can take the opportunity to absorb a large number of blue-chip stocks in the Hang Seng Index, make an in-depth understanding of the economy of Hong Kong, and even obtain some shares of high-quality enterprises in Hong Kong through a large number of shell companies, so as to integrate the mainland and Hong Kong economically. ”

"The most important thing is that if the situation reaches a moment of crisis, and Kyoto does not deal with it, but only verbally expresses its full support or whispers to international speculators, the Hong Kong Monetary Authority will definitely intervene in the market, and Hong Kong will rely on its own ability to tide over the crisis. And we will inevitably publicize that with the support of Kyoto, Xiangjiang has successfully weathered the crisis, and when the time comes, what do you say Xiangjiang people will think?"

"But if we solve this crisis, it will be completely different, from an economic point of view, we can profit from the money lost by international speculators; from the perspective of macroeconomic control, the establishment of a sovereign wealth fund and a stake in the big blue chips of Hong Kong can preserve and increase the value of state-owned assets; from a political point of view, we can win the hearts and minds of the people." ”

"Those who win the hearts of the people win the world, and if we really want to solve the Xiangjiang problem, the most important thing is to close the economic gap between the mainland and Xiangjiang as soon as possible and win the hearts and minds of the people. ”

Liu Yunkai's eyes burst into light, and the third point Zhang Chen said, he was almost sure that as long as there was a reasonable plan submitted to Kyoto, Kyoto would definitely agree. But the premise is that you can really make a profit, and you can't lose foreign exchange reserves!

Liu Yunkai groaned: "But there are too few relevant talents in China, and the financial industry is too underdeveloped. ”

Zhang Chen knew that what Liu Yunkai said was already more tactful, in fact, with the current level of domestic financial operations, if you want to beat international speculators, it is almost like a meat bun beating a dog.

The corners of Zhang Chen's mouth curled slightly: "Director Liu, what if this fund is handed over to me to operate?"