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Chapter 1119 Obtaining Privileges

Instead of expressing his thoughts directly to Fu Xiao'an, Lin Han asked back: "Mayor Fu, do you know where is the current dilemma in Shanghai's financial capital market?"

"When it comes to the dilemma, I think that after the former National Government evacuated, the transactions of the former "Shanghai Huashang Stock Exchange" were successively stopped, and the regulatory organizations moved into the concession to continue to exercise corresponding market supervision. All relevant regulations issued by the new government were regarded as illegal. At present, the new government had no other choice but to crack down on its personnel in the concession." Fu Xiao'an shook his head helplessly and said.

What Fu Xiao'an said is indeed true. Since the end of the "Shanghu Battle", the National Government withdrew from Shanghai, but it has an office in Shanghai to manage Shanghai's industry, commercial finance and other industries to the best of its ability.

In 1938, Japanese merchants and French and Italian merchants tried to set up another stock exchange in Shanghai to manipulate the market. At that time, the Ministry of Economics and Ministry of Finance of the National Government made a decision. On the one hand, the regulatory officials of the Shanghai Exchange, the Shanghai Chamber of Commerce, the Shanghai Brokers' Union and the trade unions of various industries warned all peers not to participate in their illegal organizations. If they violated, they would not be punished by the trade union seal, but also to the court for investigation in accordance with the law.

Moreover, the existence of the Shanghai Concession allows the exchange management agencies of the National Government, which have moved in, to remain at their posts and implement the former National Government's management policies on the Shanghai securities market.

This is also the most troublesome thing that the Wang Puppet National Government has made. Although a series of policies to encourage securities trading have not achieved good results.

Moreover, the agents of "No. 76" were ordered to carry out crazy assassination operations against the Chongqing government's personnel who implemented securities supervision. Despite this, they still did not achieve the effect of blocking them. Therefore, although Shanghai has been in the fall for several years, the management of Shanghai's securities transactions is still in the hands of the Chongqing National Government.

Lin Han nodded and said, "Mayor Fu said it very well. It is indeed a reality of Shanghai securities trading. Such a situation also makes it impossible for the municipal government to obtain corresponding benefits from this area or carry out relevant supervision."

Fu Xiao'an hurriedly asked: "Mr. Mu, if you want to change the current situation, where do you think you should start? And the latest news I have obtained shows that hot money from Guangzhou and other places has moved to Hong Kong for the past. It is reported that a lot of funds have been transferred to Shanghai recently. Just like the current overall scale of hot money in Shanghai that you just estimated, it will only be more or less."

Lin Han saw that Fu Xiao'an was flowing with such a huge amount of hot money in Shanghai under his rule, and he was helpless and regretful, let alone any benefits from it.

"Mayor Fu, do you know that foreign stock and securities trading is very popular at present. Foreign exchanges, which were not very large in scale, are now making great progress. They have moved from remote small streets to large streets, and their storefronts have also expanded a lot." Lin Han continued.

Fu Xiao'an nodded? He said, "Yes! Mr. Mu really knows so much about the financial and securities market in Shanghai? I wonder if there are any good strategies? To restore the current passive situation?"

Lin Han smiled, not wanting to adjust Fu Xiao'an's appetite anymore, and said, "Actually, the method is very simple. It is to vigorously promote the stock trading of Huashang Company, and go public and trade like those foreign companies of foreign merchants to attract the participation of hot money in the market."

Fu Xiao'an hesitated for a moment and said, "The key question now is how to deal with Chongqing's management of the stock exchange?"

Mayor Lin Hanfu should have said clearly without hesitation: "This method can actually be solved. Before the war? The National Government's stock exchange mainly traded on treasury bonds, not the stocks of listed companies. It can be said that stock transactions of listed companies only account for a very small part."

Fu Xiao'an suddenly had a bright look in his eyes and said, "I understand a little, Mr. Mu? What you mean is to vigorously develop the stock trading of companies in China."

Lin Han nodded and said, "And the most important thing is to set up a complete set of rigorous trading rules and regulatory measures by yourself? And it will not be contrary to the current supervision of the Chongqing government."

Fu Xiao'an knew that Lin Han was right. After the former National Government withdrew from Shanghai, the Chongqing government let the "Shanghai Huashang Stock Exchange" be closed, but in order to maintain the credibility and positive image of the National Government's treasury bonds, the maturity payment of related treasury bonds did not stop.

At the same time, various monitoring measures are used to maintain the stability of the treasury bond prices to prevent unexpected price fluctuations in the black market transactions of previously issued treasury bonds. There are no clear regulatory measures for the black market transactions conducted by a few Chinese-owned company stocks listed.

Perhaps these Chinese companies are the biggest opportunity Lin Han mentioned.

Fu Xiao'an said happily: "Teacher Mu, I roughly understand what you mean. I think your point is very correct. It seems that we need to seize this opportunity."

Lin Han nodded with a smile and said, "It depends on whether the deputy mayor can make up his mind to do this. I believe that it is still a bit difficult to start this matter, and when you do it well, you are more likely to encounter greater resistance."

Fu Xiao'an paused and said understandably: "Mr. Mu, I understand what you mean. When we really do this, there must be many jealous people who create obstacles for our further advancement."

"Yes! Mayor Fu, we must make a long-term plan for us before and take specific measures at each step. Otherwise, after the manpower and energy we put in, we will eventually be picked and fell into the ground!" Lin Han said to Fu Xiao'an very seriously.

"Okay, Mr. Mu, do you think this is good? I will set up a 'Shanghai Financial Exchange Preparatory Group' immediately, and I will personally be the team leader, and Mr. Mu will be the deputy team leader. I will also allocate you a certain amount of manpower and resources. You will be responsible for the actual work of the entire team and come up with a practical plan as soon as possible."

Fu Xiao'an told Lin Han about his plan in one breath. When he saw Lin Han did not nod and agreed immediately, he said, "At the same time, I will appoint you as the 'Special Economic Advisor of the Municipal Government' and then give you the corresponding rights. What do you think?"

Seeing that Fu Xiao'an misunderstood his meaning, Lin Han thought he needed some interests to exchange, but in fact this was commonplace in the officialdom.

"Mayor Fu, you misunderstood what I mean. As for whether I am a special consultant or not, it doesn't matter whether I am a deputy team leader. If you want to truly put this matter into practice, you must obtain certain privileges. If you encounter any walls in the process of progress and you have to solve everything yourself, then this matter will not be completed in the year of the monkey and horse month. Instead of doing this, we might as well give up and find something that can be easily achieved."

Fu Xiao'an pondered for a while, then nodded as if determined, and said to Lin Han: "Okay, Mr. Mu, what kind of privilege do you want?"
Chapter completed!
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