Riding the wind of rebirth

"Business management is learning to manage enterprises and conduct trade. Simply put, it is learning how to be a boss." Zhou Zhi said with a smile: "Finance and risk management is the study of systemic risks in the business system and financial system. It's a spear."

"Yes, it can also be macroscopic or microscopic. For example, the risk management department of the bank that Mom just mentioned supervises the mini-system risk; Soros and his attacks on the European currency market a few years ago belonged to the use of the overall system risk. "Li Laosan added.

The third lady was still confused, and she seemed to have never heard of that business school, but she was very happy when she knew that her son-in-law had a double master's degree.

Although it is fashionable to say now that "those who engage in 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", Sanmai firmly believes that these are just temporary phenomena.

In the families of civil servants, the concept that "everything is inferior, only reading is high" is still deeply ingrained.

They were able to come out of the ranks of educated youth, join the work team, become regular cadres, and take up leadership positions. In the final analysis, they have more knowledge than their peers.

And these people are often the talkers in the family, even if it is due to "survivor bias", they can make Zhou Zhi walk sideways in the family.

Zhou Zhi felt that such a situation was funny. The two elders didn't value Li Laosan as the master behind Hong Kong Island's finance, but valued Li Laosan's education.

Even if they don't know the details, they at least know that Li Laosan can control an extremely huge amount of assets.However, this amount is nothing in the eyes of the uncle and the third lady.

"Cousin An Xin is also studying for an MBA now, and sister Cancan has also graduated with a bachelor's degree, right?" Zhou Zhi asked.

"I got my diploma." Cousin An Ran also has survivor bias, very proud: "Our little axe is so smart, it's probably because Cancan was studying for an undergraduate degree in Radio and TV University when he was pregnant with him!"

"Then you can also try to learn about MBA courses." Zhou Zhi said with a smile: "After all, he is also a business manager."

"Is this difficult?" Sister Cancan was a little scared: "Advanced mathematics is really killing people!"

"It's up to you." Zhou Zhi smiled and said, "MBA is mainly for learning business management. You have enough practical experience now, you just need to match the knowledge in books with daily management."

Then put on an upstart face: "Based on Sister Cancan's current wealth, if there are any courses that you find difficult, you can just invite a professor to teach one-on-one. Isn't it just the class fee, and we can't afford it! "

"It's not as exaggerated as what you said." Sister Cancan laughed: "There are still a lot of things in the company, I'm afraid I don't have enough time!"

"That's the end of the chat. It's not necessary to learn." Zhou Zhi said with a smile: "It's okay to have a general understanding, at least you can have a theoretical understanding of the modern enterprise management system."

"That's good. Don't worry, you can get me a set of the textbooks you have learned."

"Speaking of macro-finance..." Uncle is still very concerned about the country's major political affairs and current affairs: "There are rumors that Hong Kong Island's finances are unstable? A large number of talents and funds are fleeing? Housing prices have dropped a lot?"

Li Laosan and Zhou Zhi glanced at each other, and Li Laosan put down his chopsticks: "You don't have to 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 the elders."

"you?"

"Oh, this is the result of my discussion with Elbow." Li Laosan smiled and said, "At least for now, there hasn't been a big deviation."

"To understand this, we first need to understand where the status of Hong Kong Island comes from." Li Laosan said: "This is determined by its geographical location, political environment and financial policies."

"The geographical location is very clear. Backed by the world's largest emerging market, it has the unique advantages of Shenzhen and Hong Kong. At the same time, as a key node connecting the entire Asian developed region, it has an inherent advantage in development."

"With such advantages, coupled with the free port policy, it is natural to attract a large number of trade and financial account opening and settlement turnover on Hong Kong Island."

"Later, Hong Kong Island became a connection point between Europe, Asia and America, and created a good and complete judicial system, an open and free economic system, free capital flow, exchange rate pegs, and free exchange policies, which attracted all major countries in the world. Banks have come to Hong Kong Island to set up their Asia-Pacific headquarters, further forming a complete and multi-level financial market.”

"The recent situation on Hong Kong Island can reflect the market's worries about returning to China. This is a normal phenomenon. What we need to study is how real such risks are, and whether the future of Hong Kong Island will decline like the outside world , Has there been a fundamental change in the fundamentals that support Hong Kong Island becoming the third largest financial center in the world?"

"The result we obtained after our research is that there has been no change." Li Laosan's words were full of certainty: "No change for 50 years is not empty talk."

"Since the fundamentals have not changed, these safe-haven capitals will eventually return to the Hong Kong Island financial market due to their profit-seeking nature. high."

"This is not only a financial risk, but it also means a huge profit opportunity." Li Laosan said: "On the one hand, we must fight against the international forces that bad-mouth Hong Kong Island at the level of public opinion, and on the other hand, we must actively use financial means. Be prepared to fight financial risks."

"The crisis has only just begun, and the clumsy performances of international capital in conjunction with political intentions have just played the prelude." Zhou Zhi smiled and provoked a fat belly: "It's a pity that many people are deceived by their hypocritical appearance, intentionally or unintentionally. accomplice."

"Under a blind eye, I completely ignored the huge market behind Hong Kong Island, China, which is the fastest growing and fastest growing market in the world; I completely ignored the radiation effect of the growing national power on Hong Kong Island, an open door; I completely ignored the central government's efforts to maintain The determination and courage of Hong Kong Island's status as a world financial center."

"In fact, the reason is very simple." Li Laosan said with a smile: "It is a matter of confidence in China and the future of Hong Kong Island."

"The answer is also very simple. If the current social and economic system of Hong Kong Island remains unchanged, the way of life remains unchanged, the laws basically remain unchanged, the policies of the free port and the international financial center remain unchanged, the cooperative relationship with other economies remains unchanged, and the governance method remains unchanged, then We have no reason to doubt that the fundamentals of Hong Kong Island have undergone a major transformation."

"Not only that, but if we study China's economic development trend, 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 producer. , a consumer and, for the foreseeable future, an investor.”

"Looking at the world, such unique advantages are rare. When foreign trade is booming, foreign trade can be actively developed, and when foreign trade is weak, domestic demand can be stimulated. This is more insurance than other markets."

"And when foreign exchange reserves have accumulated to a certain level, they are qualified to participate in international financial feasts and sit at the game table."

"In the words of Shuzhong, it means 'with food in hand, don't panic'. As a global financial center, Hong Kong Island will definitely become a platform for its performance, and take advantage of this shareholder wind to become more prosperous."

"These are strategic considerations, which are what we often call 'fundamentals'." Zhou Zhi added: "How to make good use of this opportunity to obtain substantial benefits and ensure the stability of Hong Kong Island's financial system is at the tactical level. something."

"It's not time to make a move yet." Li Laosan said with a smile: "However, in any economic downturn, the words 'cash is king' will never be wrong. We have already discussed it, and when the time comes, we will The primary target of the shot is real estate, the bellwether of the financial market.”

"Yeah." Zhou Zhi nodded, "So the work these few years has been to earn money and prepare enough ammunition." (End of this chapter)