Chapter 1012 Strategy and Tactics
“Business administration is about learning to manage enterprises and conduct trade. Simply put, it is about learning how to be a boss.” Zhou Zhi smiled and said: “Finance and risk management is about studying business systems and financial systems. Systemic risks can be either shields or It can be a spear.”
“Yes, it can also be macroscopic or microscopic. For example, the risk management department of the bank that Mom just mentioned is responsible for supervising mini-system risks; in the past few years, Soros and others had a negative impact on the European currency market. Sniping is taking advantage of global systemic risks," Li Laosan added.
The third lady was still confused after hearing this. She had never heard of that business school, but she was very happy when she found out that her son-in-law had a double master's degree.
Although it is now fashionable to say that "those who sell missiles are not as good as those who sell tea eggs, and those who hold scalpels are not as good as those who hold kitchen knives", Mistress San firmly believes that these are only temporary phenomena.
In the families of civil servants, the concept that "everything is of inferior quality, only education is of high quality" is still deeply ingrained.
They can come out of the ranks of educated youth, join work teams, become regular cadres, and take up leadership positions. In the final analysis, they have benefited from more knowledge than their peers.
And these people are often the talkative people in the family. Even because of the "survivor bias", they can make Zhou Zhi run sideways in the family.
Zhou Zhi thinks this situation is funny. The second elder does not value Li Laosan as the mastermind behind Hong Kong Island's finance, but values Li Laosan's academic qualifications.
Even if they don’t know the details, they at least know that the assets that Li Laosan can control are an extremely huge amount. However, this amount is nothing in the eyes of the uncle and the third lady.
"Cousin An An is also studying for an MBA, right? Sister Cancan has also graduated from a bachelor's degree, right?" Zhou Zhi asked.
“I got my diploma.” Cousin An Ran also had survivorship bias and was very proud: “Our little axe is so smart, probably because Cancan studied for a bachelor’s degree in TVB when she was pregnant with him!”
“Then you can also try MBA courses.” Zhou Zhi smiled and said, “After all, he is also a business manager. Well."
"Is this difficult?" Sister Cancan was a little scared: "The high number is really annoying!"
"Look who is right." MBA is mainly about learning business management. Now you have enough practical experience, you just need to match the knowledge in books with daily management.”
Then he put on an expression like a nouveau riche: "With Sister Cancan's current wealth, if you find any courses difficult, just ask a professor to come and teach you one-on-one. Isn't that just the class fee? It's not like we can't afford it!" ”
"It's not as exaggerated as you said." Sister Cancan was happy: "There are still many things in the company, I'm afraid I don't have enough time!"
"That's it for the chat. It’s not necessary to learn.” Zhou Zhi smiled and said: "It's okay to have a general understanding. At least you can have a high-level theoretical understanding of modern enterprise management systems."
"Okay. Then Anxin, please give me a set of textbooks that you have learned. . "
" Talking about macro finance..." My uncle is still very concerned about national affairs: "There are rumors that Hong Kong Island's financial situation is unstable? Have housing prices fallen? Missing? ”
Li Laosan and Zhou Zhi looked at each other, and Li Laosan put down his chopsticks: "Don't worry too much about this. Any major market turmoil is a big opportunity for those who are prepared."
"But since my parents are so worried, let's report the situation to our elders."
"You?" "Oh, this is me. The result of the discussion with Zhuzi." Li Laosan smiled and said: "At least for now, there is no big deviation."
"To understand this matter, we must first understand it. We must understand where Hong Kong Island’s status comes from,” Li Laosan said: “This is determined by its geographical location, political environment and financial policies.”
"The geographical location is very clear. It is backed by the world's largest emerging market and has the unique advantages of Shenzhen and Hong Kong. At the same time, it is a key node connecting the entire developed regions of Asia, which determines that it has innate advantages for development."
" Such advantages, coupled with the free port policy, have attracted a large amount of trade and finance to open on Hong Kong Island. Account settlement turnover is a natural thing."
"Later, Hong Kong Island became the connection point between Europe, Asia and the United States, creating a good and complete judicial system, an open and free economic system, and the development of capital. Policies such as free movement, exchange rate pegs, and free convertibility have attracted major banks around the world to come here. The establishment of the Asia-Pacific headquarters on Hong Kong Island has further formed a complete, multi-level financial market.”
“The recent situation on Hong Kong Island can reflect the market’s concerns about the return, which is normal. What needs to be studied is how real this risk is, and whether the future of Hong Kong Island is as good as the outside world. So, have the fundamentals that support Hong Kong Island becoming the world's third largest financial center fundamentally changed? "
"The result of our research is that there has been no change." Li Lao San’s words were full of certainty: “It will remain unchanged for fifty years, and it is not an empty talk.”
"Since the fundamentals have not changed, these safe-haven capital will eventually return to the Hong Kong financial market due to their profit-seeking nature. This wave of abnormal conditions is destined to recover, and the deeper it goes, the stronger the rebound will be. High. ”
“This is both a financial risk and a huge profit opportunity. "Li Laosan said: "On the one hand, we must fight against the international forces that badmouth Hong Kong Island at the level of public opinion. On the other hand, we must actively use financial means to be prepared to fight financial risks."
" The crisis has just begun, and the clumsy performance of international capital in coordination with political intentions is just a prelude. "Zhou Zhi picked up a piece of meat with a smile: "It's a pity that many people have been deceived by their hypocrisy and become their accomplices intentionally or unintentionally."
"With a blind eye, China behind Hong Kong Island is completely ignored. This huge market with the fastest growth rate and the fastest development in the world; completely ignores the growing importance of The radiating effect of great national power on Hong Kong Island, an open door, completely ignores the central government’s determination and courage to maintain Hong Kong Island’s status as a world financial center.”
“The truth is actually very simple,” Li Laosan said with a smile. "It's a matter of confidence in China and confidence in the future of Hong Kong Island."
"The answer is also very simple. If the current socio-economic system of Hong Kong Island remains unchanged, the lifestyle remains unchanged, the laws basically remain unchanged, the free port and international financial center policies remain unchanged, the cooperative relationship with other economies remains unchanged, and the governance method remains unchanged, We have no reason to doubt that Hong Kong Island’s fundamentals have undergone a major transformation.”
“Not only that, if we study China’s economic development trends, if we focus on internal development and maintain the current economic growth rate, China will soon become a hot spot for global investment and the healthiest market in the world, because It is both a producer and a consumer, and in the foreseeable future it will also be an investor. Investors. ”
“Looking around the world, such unique advantages are rare. When foreign trade is booming, we can actively develop foreign trade. When foreign trade is weak, we can stimulate domestic demand. This is more than other markets. ”
“When foreign exchange reserves accumulate to a certain level. , you have the qualifications to participate in the international financial feast, and you have the qualifications to sit at the game table."
"In the words of Shuzhong, it is 'there is food in hand and no panic in mind'. As a global financial center, it will surely become a platform for its performance and ride on this trend to become more prosperous.”
"These are considerations based on the general strategic trend, which is what we often call 'fundamentals.'" Zhou Zhi added: "How to make good use of this opportunity, obtain long-term benefits, and ensure the stability of Hong Kong Island's financial system is at the tactical level. Something.”
“It’s not time to take action yet,” Li Laosan said with a smile, “But in any economic downturn, cash is king. These four words are never wrong. We have already agreed that we will take action when the time comes. The first target is real estate, which is the vane of the financial market."
"Yes" Zhou Zhi nodded: "So. My job in the past few years has been to work hard to make money and prepare enough ammunition.”
(End of Chapter)