Technology company, I will become the light of China!

Chapter 407: Dragon Country Currency Completes Foreign Exchange Settlement for the First Time, Adding Another Significant Achievement

"Dean."

"Dean."

When Chen Xing and Zhang Ming followed Qin Long into a scientific research building in a corner of the park, engineers kept coming towards them and greeting Qin Long.

"Well, go get busy."

Qin Long nodded in response and introduced Chen Xing and Zhang Ming: "This six-story laboratory building was originally used to study methacrylate and acrylate. Now that it is no longer used, it has been converted into an office building for the settlement system."

Methacrylate and acrylate are the two most important resin materials for synthetic photoresist, and they are also a problem that has plagued the development of China's semiconductor industry for decades.

However, as Longxing Group conquered methacrylate and acrylate, not only did Longke Institute withdraw its laboratory, but many research and development institutions also disbanded the project team.

According to incomplete statistics, after conquering methacrylate and acrylate, Longguo's funding can save 4 billion Longguo yuan, which is a considerable amount.

"I see." Chen Xing nodded slightly, then said with a sigh: "I never thought that the office building of the GIANT PANDA bank settlement system would be located in Longke Institute. I thought it would be in Peking University and Tsinghua University."

"Don't say it yet."

Qin Long heard this and continued, "At first, I did think of placing it in Tsinghua University or Peking University. After all, there is no shortage of space there, and there are a large number of high-quality students to supply."

"However, after a meeting within the academy, we felt that there was a risk of data leakage if the data was stored on the campuses of Peking University and Tsinghua University. After all, universities are open and have all kinds of students. If the data were to be leaked, our financial data would be transparent to Western countries, which would be very detrimental to the country's strategic layout."

"Well, safety first."

Chen Xing responded.

He just said it casually, but if you think about it carefully, you can actually understand the interests involved.

Not to mention the GIANT PANDA bank settlement system connected to foreign exchange, even if the internal data of the Big Four banks were leaked, people would immediately organize manpower to analyze the financial situation of Longguo and then formulate corresponding financial measures.

Now, even the US Federal Reserve's drastic 10% interest rate hike is unable to blow up China's financial system. This is largely because they don't understand the internal data. If they were to play it by ear, it would be hard to say for sure.

Listening to the conversation between the two, Zhang Ming followed them timidly, not daring to say a word. He was far from reaching that level now and could only get here by luck.

As the three of them walked into the elevator, Qin Long pressed the number for the fourth floor, and the elevator took them to the fourth floor.

As soon as I walked out of the elevator, I saw two well-known "celebrities".

One is Bai Shisong, a long-established host with a humorous tone, outstanding professionalism, and known as the number one host on national TV.

The other is Sa Beining, who has just become popular on the Internet and has shown his talent by interviewing Jack Ma about his dislike for money.

Both of them were dressed very formally, obviously having expected this.

"President Qin, President Chen, I am Bai Shisong, I have heard a lot about you."

"President Qin, President Chen, my name is Sa Beining, you can just call me Xiao Sa."

The two of them greeted each other one after another, but when they looked at Zhang Ming, they were puzzled because they didn't know Zhang Ming at all.

Although Zhang Ming has achieved certain achievements thanks to Toutiao, his fame is still not big enough. He has never been on a national TV program, so it is normal that he is not recognized.

"Zhang Ming, chairman of ByteDance." Seeing that both of them were in trouble, Zhang Ming took the initiative to introduce himself.

"It's Mr. Zhang."

They both smiled.

"Well, how is the arrangement of the national TV station's filming equipment going?" Qin Long suddenly asked.

He knew about the arrival of Bai Shisong and Sa Beining, and he approved it.

The two were representing Taiwan and filming the historic moment of the GIANT PANDA bank settlement system's first foreign exchange settlement.

Corresponding content will also appear on the National Radio News Broadcast tonight.

As for why we don’t broadcast live, it’s mainly because of the uncertainty of live broadcast. After all, this is Longke Institute.

"It's all done."

Bai Shisong responded quickly.

Sa Beining didn't say anything. He just came out to see the world and learn from Bai Shisong.

"That's good. Is there any preparation work that has not been completed?" Qin Long asked, glancing at the old-fashioned watch on his left wrist, and continued, "There are less than three hours left before the agreed exchange settlement time with the Russian bear."

Although it seems that there is plenty of time, in reality, they have to eliminate everything that may happen within the limited time.

This is like rushing to catch a plane. It seems that you can board the plane at 9 o'clock, but if you really arrive at the airport at 9 o'clock, then I'm sorry, you can only watch other passengers on the same flight take off.

"It really does."

Bai Shisong winked.

Sa Beining, who was standing nearby, had a very high EQ. He understood immediately and quickly took out two heavily folded A4 papers from his pocket.

"These are the interview questions we listed, all about the GIANT PANDA bank settlement system. Dean Qin and President Chen, you can pick and choose to answer them. This interview will appear on the National Channel tonight along with the GIANT PANDA bank settlement system."

Chen Xing and Qin Long took the papers respectively and examined them carefully.

The questions printed on the papers by the two people were different. The questions were varied and covered a very wide range of topics. It was obvious that they came prepared.

On the paper that Qin Long took, the focus of the questions was on "the future development of the GIANT PANDA bank settlement system."

Chen Xing's paper asked more questions about the future development of Longxing Group and why it suddenly proposed to use Longguo currency for settlement.

Because the interview questions were a bit sensitive, they printed them out and let Qin Long and Chen Xing select them and then answer them according to the script.

“How many questions do you want to choose?”

Qin Long asked.

He had a pen with him and planned to mark it out on the paper.

"Three will do."

Bai Shisong answered quickly.

As soon as he finished speaking, Qin Long quickly ticked the questions to be asked, indicating that these three questions could be asked during the interview.

After finishing the check, he handed the pen to Chen Xing. Chen Xing also had the answer in his mind and quickly checked three questions that were easier for him and that he wanted to announce to the public.

"All right."

Chen Xing handed the paper back and gave the pen back to Qin Long.

Bai Shisong and Sa Beining looked at each other, then they looked at the time and said, "Since there are still more than two hours before the interview starts, why don't we record the interview first to improve the efficiency of the recording."

"also."

Qin Long nodded, looked at Chen Xing and said, "You guys go interview Mr. Chen first. I'll go check if the preparations for the trade settlement are done."

"no problem."

"President Qin, take care."

Bai Shisong and Sa Beining answered respectively.

Chen Xing naturally would not refuse the interview from the National Radio. Besides, the questions were all selected by himself, so he would not feel any pressure in answering them.

When he followed the two-person team from the National Television Station to the arranged interview and filming area, the photography, fill lighting, sound recording and other staff members all went into work mode and quickly debugged the equipment.

After confirming that everything was normal, Bai Shisong signaled Sa Beining to go for the interview, because Guotai Junan currently intends to train Sa Beining as a pillar of the station, so naturally he needs more exposure opportunities.

"me?"

Sa Beining swallowed his saliva, nervously took out the A4 paper, and scanned the three questions checked by Chen Xing.

You have to know that an interview is not just about asking questions on paper. You also have to go in depth and ask for details based on the other party's answers. It is difficult for ordinary people to control the degree here.

"It's not a live broadcast, so don't be so stressed." Bai Shisong comforted.

Because it is a recording, even if Sa Beining's performance is not good, it can be corrected through post-production editing.

"call--"

Sa Beining took a deep breath, made up his mind and walked forward quickly.

"All crews are in place."

The stage controller who was in charge of controlling the rhythm of the shooting saw Chen Xing and Sa Beining in place, and immediately notified the shooting team at the top of his voice.

"Counting down to three."

"three!"

"two!"

"one!"

"action!"

When the common startup word "action" was uttered, Sa Beining, who possesses extremely high professional qualities, immediately entered the interview state.

"We have just witnessed the entire process of foreign trade settlement using the GIANT PANDA bank settlement system, which is very exciting. This is not only a big step for the Dragon Country Currency to move towards the world, but also a new business card that we are presenting to the world."

Since it was recorded in advance, they all put themselves into the mood and expression after successfully settling the exchange in the GIANT PANDA bank settlement system, perfectly explaining what it means that life is like a play and it all depends on acting skills.

After a half-second pause, Sa Beining looked at Chen Xing beside him and said, "Tonight we are honored to have the CEO of Longxing Group, Chen Xing, here for our exclusive interview. Come and say hello to the audience friends in front of the screen."

"Hello everyone, I am Chen Xing."

Chen Xing is concise and to the point.

"Yes." Sa Beining nodded, without any hesitation, and went straight to the point: "It is also a great honor to invite Mr. Chen to accept our interview tonight. We have a few small questions here, and we would like to ask Mr. Chen to answer them."

Chen Xing: "You say."

"That's right." Sa Beining didn't look at the prompter in his hand. He had already written down the question and asked, "At the 5G Network International Negotiation Conference, you proposed that trade settlement must be made in Dragon Country Currency. What made you make such a decision?"

Chen Xing thought about it and replied, "The original decision was actually made based on a combination of two aspects."

"Which two aspects?"

Sa Beining asked. Chen Xing did not hide anything, and now he did not need to hide anything, because the GIANT PANDA bank settlement system was put into use, and it promoted the smuggling wave in the United States, and he had already been issued a wanted order on the other side of the ocean.

"The first aspect is that our agricultural, industrial and technological strengths have all shown an upward trend, especially drones, which are far ahead of other countries in the world."

"In the face of the growing national strength, coupled with the fact that currency is a microcosm of national sovereignty, I believe that in the future the Dragon Country Currency will surpass the U.S. dollar and become the world's trade settlement currency."

"The second aspect is that the Federal Reserve has frequently raised interest rates and has maintained a high deposit interest rate of 10% for half a year. Their domestic inflation coefficient has shown exponential growth. As a private enterprise, we naturally need to avoid potential risks for currencies with large fluctuations. So I do not agree with it and finally firmly choose to use Dragon Country Currency for trade settlement."

Facing Chen Xing's answer, Sa Beining's brain was extremely fast. He understood as he listened. Less than half a second after Chen Xing finished answering, he continued:
"In other words, you made a judgment based on national trends, which ultimately drove you to make such a surprising decision?"

"Yes."

Chen Xing nodded, and then changed the subject: "Of course, there is another factor, that is, the US dollar's trade hegemony has lasted too long. We in Longguo also have an old saying, "Are kings, princes, generals, and ministers of different species?"

"The U.S. dollar can be used as a settlement currency for international trade, the euro can be used as a settlement currency for trade in the European Union, and our Dragon Dollar can do the same."

Faced with this answer, Sa Beining, Bai Shisong, Zhang Ming, and the national television staff present were all in awe.

If the U.S. dollar can do it, why can’t the Dragon Country currency do it?
In Chen Xing's opinion, there is no country in the world that has achieved all-round and seamless development like Longguo.

As a rising star, China has shown a trend of overtaking in the three aspects of military, economy and technology. What he is doing is nothing more than accelerating the process and challenging the hegemony of the US dollar.

"it is good!"

Sa Beining responded and exclaimed: "Kings, princes, generals and ministers, are all of different species? Mr. Chen's courage is indeed different from that of ordinary people, but..."

Suddenly, he changed the subject and asked the next question: "Will the development of the group be affected by your open challenge to the hegemony of the U.S. dollar in international trade?"

Seeing such a smooth transition, Bai Shisong, who was watching silently, couldn't help but nod in praise. Sa Beining really has the qualifications to be a mainstay of the show.

Since he was already aware of the problem, Chen Xing calmly replied, "No impact. Our Longxing Group has opened up trade channels with hundreds of countries around the world, and on the 11th of last month, in just one day, the global sales totaled billion Longguo yuan. Losing the US market, from my point of view, has no impact."

"Yes." Sa Beining nodded slightly and continued to ask: "The United States is the world's largest consumer country. If possible, will Longxing Group strive for it in the future?"

"Again, if the United States is willing to pay Dragon Country Currency for trade settlement, I am still willing to reach a cooperation agreement."

Chen Xing responded calmly.

"Okay, let's get back to the question about the GIANT PANDA bank settlement system." After a brief pause, Sa Beining asked again:

"Now the Russian bear has successfully used the GIANT PANDA bank settlement system to conduct trade settlement with us for the first time using the Dragon Country currency foreign exchange reserves. In the future, more and more countries will store our currency for trade settlement. What kind of profound impact do you think this will have on our economy, technology, and military?"

"This question involves a lot of aspects, so I will just give a brief overview."

Chen Xing smiled calmly, quickly organized his thoughts, and then said what he was thinking: "Suppose there are 50 countries, and they all reserve Dragon Country Currency as a foreign exchange settlement currency, then we will form an internal financial system similar to the European Union, which is resistant to financial risks."

“If 100 countries store and use Dragon Country Currency for international trade settlement, then Dragon Country Currency will officially surpass the Euro, Japanese Yen, British Pound, and French Franc, becoming the second largest global currency in circulation after the US dollar.”

"If 200 countries explicitly use Dragon Country currency for trade settlement, I believe the world's financial center will shift. At that time, a large amount of international financial capital will flow into Dragon Country, and our economy will usher in a qualitative leap."

"Once the economy completes the leap, our education, medical care, technology, and military will show exponential growth. By then, Longguo can also take off the hat of a developing country and officially become a developed country."

"hiss--"

Bai Shisong, Sa Beining, Zhang Ming, and even the Taiwan TV staff at the scene couldn't help but secretly take a deep breath.

They thought Chen Xing had a long-term vision, but they didn't expect it to be so long-term.

Do you think that people are openly confronting the US dollar in order to pursue the interests of the group?

wrong!
He is seeking national development!

A country’s strong foundation requires a vast territory, strong military power, advanced scientific research and technology, and a booming economic system.

In terms of land area, the Dragon Country has been established.

The Dragon Kingdom has military strength.

Longguo also has scientific research technology.

The only thing that has not yet been conquered is the financial system that the United States has painstakingly built for hundreds of years, using the gold standard, the oil standard, and now the hegemony.

If it were not for the U.S. dollar's dominant position in international trade, the two financial crises that occurred in the United States in 1995 and 2006 would have been enough to cause it to fall apart, just like the former bear.

It is precisely because of the three trump cards of technology, military and economy that the United States can become the world hegemon today with one superpower and many strong countries.

Sa Beining has been shocked by Chen Xing's great ideals. No one expected that Chen Xing's ideals and ambitions were so lofty.

"Click——"

At this time, Bai Shisong called for a stop.

Sa Beining came to his senses in an instant and quickly apologized, "I'm sorry, I made a mistake and didn't continue the topic in time."

"It's okay, you've done a good job." Bai Shisong consoled him, looking at Chen Xing and said, "Thank you very much, Mr. Chen, for accepting our exclusive interview with National TV. This interview clip will be broadcast on our National TV's news broadcast tonight, and everything may be edited by then. Is this okay, Mr. Chen?"

"no problem."

Chen Xing smiled.

Guotai is the representative of authority, and even if he knew clearly that the interview would be edited, he would not doubt that it would be taken out of context.

After Chen Xing finished the interview, Qin Long also arrived at the interview area.

Facing the president of Longke Institute, Sa Beining was also quite cautious. The questions he asked after taking over were quite rigorous, which were roughly summarized as the impact of the "GIANT PANDA bank settlement system" and what difficulties were encountered during the research and development process, and so on.

……

As the first interview ended, Chen Xing and Qin Long recorded new responses as required for editing and filling.

After the busy work, it was almost five o'clock in the afternoon.

"There are still fifteen minutes left until the agreed time. I think we should move." Qin Long said, glancing at everyone.

"it is good."

"This way."

"follow me."

Everyone moved, Chen Xing followed in the middle of the team, while Zhang Ming was like a transparent man, not daring to breathe.

He felt like he had stepped into a circle that he shouldn't have stepped into, or that he was not qualified to step into, and he seemed particularly humble.

However, since he was brought by Chen Xing and Qin Long, no one else said anything, but they didn't pay any attention to him either.

As the team moved to the office area of ​​the GIANT PANDA bank settlement system, the staff inside were already in place.

"This way."

Qin Long led the way ahead.

When he led everyone to a row of monitors and countless control panels, he explained: "Here you can view the amount of foreign exchange settlement and the progress of data processing in real time. The time is almost up. Mr. Chen can enter your Hong Kong account number here."

Since Longxing Group is a Hong Kong company, international remittances are transferred to an international account, and then the choice of whether to transfer back to the mainland is made, so Chen Xing needs to enter the account number for confirmation.

The photographers from the National Television Station are already filming, and everyone is waiting for this exchange rate settlement.

Chen Xing did not hesitate and entered his company's Hong Kong account number, which was then confirmed by the staff.

at the same time.

Moscow the bear.

The GIANT PANDA bank settlement system was also installed. The Maoxiong staff who operated the settlement and remittance confirmed whether the settlement accounts were consistent. After confirming that there were no problems, they continued to communicate with the staff of the Longke Institute.

As the time approached five o'clock and there was only one minute left, people on both sides were counting down silently and the filming team was capturing this historic moment.

60 seconds.

40 seconds.

20 seconds.

Last 10 seconds.

Chen Xing held his breath. Russia's use of the national account to settle foreign exchange in Dragon Dollar was the first step to break the hegemony of the U.S. dollar and a microcosm of the in-depth cooperation between the two countries.

Not only Chen Xing, even Qin Long and Bai Shisong, who were used to big scenes, subconsciously held their breath at this moment.

They have to consider whether the settlement will be successful, whether the amount will be wrong, and whether there will be unknown situations.

"5!"

"4!"

"3!"

In the last five seconds, both sides started the countdown at the same time.

As "1" was called out, the remittance team of the Bear country pressed the confirmation button. The rubles earned by Longxing Group in the Bear country account were converted into Longguo currency according to the exchange rate through the GIANT PANDA bank settlement system. Then, the equivalent amount of Longguo currency in the Bear country account was deducted and remitted to the Longguo regulatory account. After the corresponding taxes were deducted, the money was deposited into the Hong Kong Island account of Longxing Group.

This process is neither complicated nor simple.

The complexity lies in the fact that two national accounts need to connect transactions and use a settlement system that is not controlled by other countries.

If the SWIFT bank settlement system is used, the transaction can be forcibly terminated by the software operations team, depending on whether others want to terminate it, and others can also see the transaction amount and account privacy.

If we don't use the SWIFT bank settlement system, other countries will not trust other bank settlement systems for such private transactions.

Just like the U.S. dollar, even though other countries know that it will continue to reap the world's benefits, they have no choice but to use it. At least it maintains its value. If it is settled in the currency of another country, a simple exchange rate fluctuation may make the business go to waste, or even make a loss.

"The funds have arrived at the national custodial account, with a total amount of 27 billion Dragon National Currency."

"Deducting tax rate..."

"The company enjoys tax exemption policies in both places, and the total amount remitted into the company's Hong Kong Island account is 27 billion Dragon National Dollars, or million in capital letters."

"The funds have been deposited into the company's Hong Kong account, and the foreign exchange settlement list is being issued..."

"The order is complete."

"Both parties confirmed that there was no objection and the exchange was settled."

(End of this chapter)