"Business administration is about learning to manage enterprises and conduct trade. Simply put, it is about learning how to be a boss." Zhou Zhi said with a smile: "Finance and risk management is about studying the systemic risks of business systems and financial systems. It can be a shield or a boss."

It's a spear."

"Yes, it can be both macro and micro. For example, the risk management department of the bank that Mom just mentioned is responsible for supervising mini-system risks; Soros and his gang's attack on the European currency market in the past few years was an attempt to take advantage of global systemic risks.

"Li Laosan added.

The third wife 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," Sanji firmly believes that these are only temporary phenomena.

In 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 talkers in the family. Even if they are out of "survivor bias", they can let Zhou Zhi run sideways in the family.

Zhou Zhi found this situation very funny. The second elder did not value Li Laosan as the mastermind behind Hong Kong Island's finance, but valued 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 wife.

"Cousin An An is also studying for an MBA, right? Sister Cancan has also graduated with 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 TVU 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."

"Is this difficult?" Sister Cancan was a little scared: "High math is really tough!"

"Let's see who is right." Zhou Zhi smiled and said: "The MBA is mainly about studying business management. You have enough practical experience now. You just need to match the knowledge in the book with daily management."

Then he put on the face of 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. It's not just the class fee, we can't afford it!"

"

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

"We're just chatting here, it's not necessary to learn." Zhou Zhi smiled and said: "It's okay to have a general understanding. At the very least, you can have a high-level theoretical understanding of modern enterprise management systems."

"Okay. Then An Xin, you can get me a set of textbooks for your studies."

"Talk about macro finance..." My uncle is still very concerned about national affairs and current affairs: "There are rumors that Hong Kong Island's financial situation is unstable? A large number of talents and funds are fleeing? House prices have fallen a lot?"

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 the result of discussion between me and Zhuzi." Li Laosan said with a smile: "At least for now, there has been no major deviation."

"To understand this, we must first 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."

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

"Later on, 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, free flow of capital and exchange rate-linked, free convertibility and other policies, which attracted the attention of major companies around the world.

Banks have come to Hong Kong Island to set up Asia-Pacific headquarters, further forming 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 we need to study is how real such risks are, and whether the future of Hong Kong Island is as bad as the outside world.

, have the fundamentals that support Hong Kong Island become the third largest financial center in the world have undergone fundamental changes?"

"The result we obtained after research is that there has been no change." Li Laosan's words were full of determination: "It will remain unchanged for fifty years, which 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 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 badmouth Hong Kong Island at the public opinion level. 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 has just begun.” Zhou Zhi smiled and picked up a piece of fat: “It’s a pity that many people have been deceived by their hypocritical faces, and have become them intentionally or unintentionally.

an accomplice.”

"Behind the blindfold, we have completely ignored China, the fastest-growing and most rapidly developing huge market in the world behind Hong Kong Island; we have completely ignored the radiating effect of increasingly powerful national power on Hong Kong Island, an open door; we have completely ignored the central government's role in maintaining the open door of Hong Kong Island.

Determination and courage to position Hong Kong Island as a world financial center."

"Actually, the reason is very simple." Li Laosan said with a smile: "It is 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 producer.

, they are consumers, and they will also be investors in the foreseeable future.”

"Looking around the world, such unique advantages are rare. When foreign trade is booming, it can actively develop foreign trade. When foreign trade is weak, it can stimulate domestic demand. This is an extra insurance compared to other markets."

"And when foreign exchange reserves accumulate to a certain level, you will be qualified to participate in the international financial feast and sit at the game table."

"In the words of Shuzhong, it means 'having food in hand and not panic in mind'. As a global financial center, Hong Kong Island will surely become a platform for its performance. Riding on this shareholder trend, Hong Kong Island will become more prosperous."

"These are considerations based on the 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 the time to take action yet." Li Laosan said with a smile: "But in any economic downturn, the words 'cash is king' will never be wrong. We have already discussed it, and we will do it when the time comes.

When we take action, the primary target is real estate, which is the vane of the financial market."
Chapter completed!