Technology company, I will become the light of China!

"The bank needs to reconcile the accounts. Mr. Chen, I toast you with this glass of wine."

"I'd like to offer a toast to Mr. Chen as well."

"I, Zhang Xiaowei, have admired very few people in my life. Mr. Chen, you are one of them. If you can be of any use to me in the future, just give me a call. I will be at your service."

"We in Longguo are so lucky to have an entrepreneur like Mr. Chen. Mr. Chen, I'd like to toast you, too. I'll drink it. You can do as you please."

After Country Garden's debt contract was signed, the bank presidents looked at Chen Xing differently: some were grateful, some were respectful, and some were worshipful.

Anyone who has worked in the banking system knows that bad debts can have a very negative impact on one’s career prospects.

If during your tenure, the account books left by the previous president suddenly go bankrupt, you, as the first responsible person for the succession, can basically declare your path to promotion over.

But now, Country Garden has suddenly collapsed. If the hundreds of billions of domestic debts are not handled properly, it will affect everyone from banks to home buyers.

Originally, these bank presidents had made preparations for the worst, but they did not expect that Chen Xing, the CEO of the leading technology company, Longxing Group, would suddenly express his willingness to take over the corresponding debts.

What does it mean to assume the corresponding debts?
Putting aside other things, for these bank presidents, this is simply a ray of light in the darkness, illuminating the road ahead of them again!
Not only does it relieve them from responsibility, but it also allows the unfinished project to be restarted. From any perspective, Chen Xing is their savior.

If there weren't so many leaders present, they would all want to kowtow to Chen Xing.

"You're welcome, everyone."

Chen Xing raised his glass in response.

Seeing Chen Xing raise his glass, everyone else in the box also raised their glasses.

"I offer a toast to Mr. Chen."

"Mr. Chen is righteous."

"Mr. Chen is indeed a people's entrepreneur. This time he not only saved Country Garden, but also saved millions of owners!"

"That's right. I'd like to offer a toast to Mr. Chen."

As the drinks flowed, the dinner was coming to an end.

The presidents of various banks and the leadership teams of Shenzhen, Guangzhou, Chancheng and other places have left one after another, leaving only Chen Xing and Lei Bing.

"Director Lei, is there anything else?" Seeing that the other party had not left, Chen Xing took the initiative to ask.

Seeing that only he and Chen Xing were left in the box, Lei Bing stopped being silent and asked, "What on earth are you thinking about spending hundreds of billions on real estate?"

He was very curious about why Chen Xing took on Country Garden's debts and wanted to understand this man's innermost thoughts.

Now anyone with a little economic common sense knows that the real estate economy has entered a downward trend and will become polarized in the future.

What is polarization?

To put it bluntly, properties in good locations will continue to rise in value, while properties with incomplete supporting facilities will continue to fall in value.

In the past house-buying boom, many people did not consider the location. They just thought that if they did not buy a house now, they would not be able to afford it in the future, so they took out a mortgage without thinking.

However, with the US dollar interest rate hike and the global economic contraction, the real estate market has accelerated into a weak state, and properties in poor locations can only be sold at a lower price. As a result, there has been an outrageous situation where people have paid off their mortgages for several years, but when they inquired, they found that the house price has been cut in half.

As for properties in good locations such as those close to tertiary hospitals, famous school districts, and city centers, there is no need to worry too much about price drops. Not only will these high-quality properties not fall, they may even increase.

However, most of Country Garden's properties are not located in the city center, near tertiary hospitals, or in the school districts of famous schools. Lei Bing was very curious about what Chen Xing was thinking.

"Businessmen are profit-driven. What else can you think about? Of course, it's to make money." Facing Lei Bing's question, Chen Xing responded with a calm smile.

"To make money?" Lei Bing shook his head, expressing his disbelief. "If this could make money, other real estate companies would have rushed in long ago. This can't make money."

"Just because they can't do it doesn't mean I can't do it."

"How to say?"

Chen Xing's words aroused Lei Bing's curiosity. He didn't think Chen Xing was bragging. Maybe there was some mystery behind it.

"Other real estate companies are afraid to take over because new homes have been hard to sell in recent years and they are not sure they can sell all of them. If 100% of the homes are sold, they can make a profit."

“100% of properties sold?”

Lei Bing was stunned.

Chen Xing’s idea seems a bit naive!
According to him, a school district housing project near Shenzhen No. 60 Middle School went on sale last year. One year later, the purchase rate is still less than %. Almost half of the new houses have no buyers, which shows the state of the real estate economy.

No one is buying the school district housing for Shenzhen No. 2 Middle School. How can you, Chen Xing, guarantee that there will be consumers buying the properties you sell?
"Yes, as long as all the houses are sold, I can make a lot of money."

Chen Xing nodded in confirmation.

"I'm very curious, what are you going to do to sell out all the houses?" Lei Bing asked again.

"science and technology."

"science and technology?"

“Yes, it’s technology!”

Chen Xing nodded slightly and explained, "Everyone is lazy, and the development of science and technology is inseparable from laziness. For example, if you don't want to do laundry, someone invented an automatic washing machine. If you don't want to cook, pre-made meal packages and takeout food will appear."

"What I want to do is to carry out laziness to the end, so that home buyers can be lazy to a whole new level, and they don't even need to turn on the lights. There is also a professional term for this, called whole-house intelligence."

"this…"

"Well, I don't quite understand."

Seeing Chen Xing's solemn promise, Lei Bing felt relieved. The reason why he wanted to find out clearly was to know what Chen Xing was up to and to minimize Chen Xing's losses.

"You'll know when it's finished. If Director Lei needs you, I'll give you an 20% discount." Chen Xing joked with a smile.

"Let's talk about it when the time comes. But then again, do you have anyone selected for the construction team?" Although Lei Bing no longer works at the Shenzhen Land Bureau, he still has some connections. As long as Chen Xing asks, he is willing to provide convenience.

"I am not an expert in real estate development, but I have found an expert. Li Ka Shing's son, Richard Li, will be fully responsible for the development."

Chen Xing has always believed that professional matters should be left to professionals, and he only needs to grasp the general direction.

Many business CEOs like to show off their abilities. Even though they are not good at a field, they insist on giving instructions to professionals, which ultimately leads to a mess.

Take the planning proposal as an example. After receiving the first draft, Party A will often ask Party B to revise it repeatedly according to their own preferences.

They say it is a modification, but in fact it is just to show off their own abilities, to find faults in everything and to make a fuss.

When the first draft is revised to a completely different state, the client will often think that the first draft is very good and decide it as the final solution.

This is why experienced Party B will keep the first draft.

Compared with this kind of group boss, Chen Xing cares more about the control of the general direction. He only wants the results and leaves the process to him.

When Lei Bing heard about Li Jiacheng, he frowned and asked, "You're going to let Li Jiacheng develop the real estate. Can you trust him?"

Li Ka Shing is indeed awesome. He has been the richest man in China for more than a decade. His ability is recognized.

Putting aside his ability and vision, Lei Bing was very contemptuous of Li Ka Shing's approach.

If you were to ask who was the first real estate speculator in modern times, it would be Li Ka Shing.

When the Hong Kong economy was in a downturn and real estate prices experienced an unprecedented plunge, Li Ka Shing did not rush to develop the land after hoarding it, but instead squeezed out the toothpaste bit by bit.

Hong Kong Island is so small, and after his operation, the housing prices immediately increased several times. He made a lot of money, but it was hard for the home buyers.

In response to Lei Bing's concerns, Chen Xing had already thought of a solution.

"They were only given the development rights, while my father, Chen Yapeng, was given the right to inspect and supervise the funds. Theoretically speaking, as long as my father did not collude with the Li family, there would be no major problems."

He couldn't afford to be careless about such a major project worth hundreds of billions of dollars.

After Chen Yapeng retired to the second line, he has been in charge of the infrastructure projects of Longxing Group. The real estate funding and acceptance work were handed over to him, which can be regarded as a specialization.

Besides, Chen Yapeng had no reason to say that he had joined forces with outsiders to defraud Longxing Group of its money. His motive was simply not valid.

Even if he wanted money, as long as he asked, Chen Xing would not refuse to give it.

In the absence of a motive for corruption, Chen Yapeng's presence in the acceptance and funding department can also prevent the illegal misappropriation of funds.

"Since you have arranged everything, I feel relieved. If you encounter any difficult problems, you can come to me. I still have a say in real estate and land."

Lei Bing picked up the wine glass.

"Thank you, Director Lei." Chen Xing also picked up the wine glass.

"clang--"

After clinking glasses, the drink was finished in one gulp.

……

When Chen Xing was in high spirits after securing a real estate project with Country Garden, Davich, who was far away on the other side of the ocean, was in low spirits. The data provided by the financial institutions made him anxious.

In the four days since Longxing Group went public, excluding Saturday and Sunday, which were only two trading days, the funds involved in the speculation reached as high as 2 trillion US dollars.

note!

It's US dollars, not Dragon Country currency!
Such a huge amount of funds will definitely require the participation of international capital.

According to data provided by JPMorgan Chase, international capital has invested at least 4000 billion US dollars in speculation on Longxing Group.

Where does this 4000 billion US dollars come from?
It can only be rice stocks!
If international capital wants to invest in the Dragon Country stock market while the total economic volume remains unchanged, it will inevitably take money from other places. However, as the U.S. stock market is on a downward trend, this part of the funds will naturally be withdrawn.

If it were the stock markets of other countries, there might still be retail investors taking over.

But this is because the U.S. stock market has been open for too long, and few retail investors trade stocks on their own. Instead, they hand over their funds to institutions and ask them to help trade stocks.

If the Chinese stock market is composed of 90% retail investors and 10% institutions, then the U.S. stock market is composed of 90% institutions and 10% retail investors.

When institutions withdraw funds and run away, retail investors will naturally not be stupid enough to take over immediately.

The plummeting stock market and massive capital outflow caused great suffering to Davich, and the Rothschild family also faced the most severe challenge.

If they lose this time, they will likely lose the Fed.

"What should I do now?" When Davic was anxious, he thought of Wei Yan.

Although he still couldn't completely trust Wei Yan, as he was a genius in the financial field, he could only ask for his ideas.

And on the other side.

Office of the Chief Economist of the Federal Reserve Bank of America.

Wei Yan stared at the market and analyzed silently in his mind: "Nasdaq is still falling. It seems that international capital no longer recognizes the technological status of the United States. If there is another strong medicine, it may really cause the US stock to collapse."

As we all know, there are three major stock indexes in the U.S., namely the Dow Jones Index, the S&P Index and the Nasdaq Index.

The Dow Jones Index was originally based on the stocks of 11 railroad companies, and later gradually expanded to include multiple industries including manufacturing, retail, medicine, and finance, representing the U.S. industry.

The S&P index includes stocks of the top 500 companies in the United States. It is comprehensive and in simple terms, it represents the overall economy of the United States.

As for the Nasdaq index, it represents the technology companies in the United States.

Ever since the "Seven Sisters of American Stocks" came onto the historical stage, the United States has been recognized as the world's leading technological power, and the Nasdaq index, which represents American technology, has naturally risen rapidly.

But now!
Times have completely changed!

The Nasdaq index, which represents U.S. technology, is falling, the Dow Jones index, which represents U.S. industry, is falling, and even the S&P index, which reflects the overall U.S. economy, is falling.

This shows what?
Four words.

Economic recession! Facts have proved that the US economy is indeed in recession, and the forged CPI, non-agricultural and consumer data were the first drafts given by Wei Yan.

"Jingle Bell--"

While Wei Yan was still analyzing the changes in the stock market, the intercom phone on the desk rang.

He retracted his gaze, picked up the receiver and said, "I am Wei Yan, please speak."

"Come to my office."

Davic's slightly haggard voice came out.

Wei Yan immediately stood up and responded quickly: "I'll be there right away."

After hanging up the phone, he hurried to Davic's office without hesitation.

He was very clear that he had gradually gained the other party's trust. This time he specifically looked for him, probably to discuss ways to solve the stock market crash or capital outflow.

……

"咚咚-"

The door of Davic's office was not closed, and Wei Yan knocked on the door frame.

"Come in and close the door."

Davic said in a deep voice.

Just from the look of his face, one can clearly see a sense of exhaustion. The "capital siphoning" of the Dragon Country stock market has indeed posed a huge challenge to Jewish capital.

After closing the door, Wei Yan showed a worried look and asked directly: "Is it the stock market or the funds?"

“Both.” Davic smiled bitterly and said helplessly, “Compared to the stock market crash, I am more worried about the capital outflow. In the ten seconds we were talking, it is conservatively estimated that tens of millions of US dollars have flowed out.”

“International funding?”

“No, there is also local funding.”

The United States is different from China. It does not have foreign exchange controls, which means that American citizens can transfer money out at any time.

They did not realize the seriousness of the matter before, but now they are gradually discovering how terrible the capital outflow is when there is no foreign exchange control and the market is in a downward trend.

"Is there any way to solve the problem of capital outflow?" Davic asked humbly.

Wei Yan thought for a moment and responded, "With the speed at which the bill is flowing out now, it's too late to implement the bill. The best way is to cheat."

"Scamming?"

Davic was puzzled.

"That's right, it's just cheating." Wei Yan nodded slightly and said what he was thinking: "Remember the Asian Subdivision Act? It can come in handy now."

"You mean..." Davic paused, a little uncertain, "to deduct their money first and prevent it from flowing out?"

"No!"

Wei Yan shook his head and said calmly, "It's not that we are deducting the money, but that we are taking it for ourselves. We allow banks to go bankrupt here. We just need to follow the asset clues and bankrupt a few banks, and the problem of capital outflow will be mostly solved."

"..."

Davic was silent.

When it comes to drugs, he really has to admit defeat.

However, he did have this idea, because Asians are an unprotected vulnerable group in the United States. If there were a racial hierarchy among immigrants in the United States, Asians would definitely be ranked at the bottom.

If you watch Hollywood movies, you will know that white people have natural advantages, black people are politically correct, and as for Asians, not only do they have to be made up to look stereotypical, but they are generally not given important roles and cannot be given important roles.

“Will the impact be bad?”

Davic was a little hesitant.

Wei Yan chuckled and said, "It's enough that the rules allow it. Besides, you know that the Asian economic circle is rising this time. Do you think the money of these Asians will flow back to Asia, which they are more familiar with?"

"..."

Davic was silent again.

Put yourself in his shoes. If he is an Asian immigrant, he came to the United States just to make the difference in wages between the two countries. Now that the Asian economy is showing signs of growth, isn't it reasonable for him to invest the money he earned in the United States back to his "hometown"?
"Quite good at pretending."

Wei Yan looked at the troubled Davic and couldn't help but complain in his heart.

Ever since the subdivision bill was passed, he knew that the United States was going to cause trouble. Now that he has brought it up, he is just being the bad guy.

"I'm thinking about it." Davic waved his hand, and with a look of affirmation, he continued, "You go back first."

"Then I'll go back first."

Wei Yan didn't stay either.

As soon as he left the office and closed the door, Davic had already made up his mind. He took out his cell phone and asked someone to check which bank had the most deposits from Asians.

Just as Wei Yan said, there is a high probability that Asian funds will flow back.

Instead of letting them return, it is better to take preemptive action. Even if the interests of Asians are infringed, it will not cause much impact in the United States because no one cares about them.

……

The next day, at noon.

Shenzhen International Airport.

As the big iron bird slowly descended, a group of "old men" who were dressed simply and looked like ordinary rural elderly people walked out of the first-class cabin, and the chief steward personally led the way in front.

"I'm finally in Shenzhen. The last time I came here was in the 1990s. At that time, this place was still a small fishing village. I didn't expect it to develop so fast."

"Who would have thought that among so many special economic zones, Shenzhen would be the first. But Old Qu, is Gao Zhengqian really that amazing?"

"I am more concerned about the ternary chip. I don't know whether it is real or fake."

"It doesn't seem very realistic. Even if it is true, it can't be produced in a short time. After all, it involves a ternary computer."

The conversations of these old men made the flight attendant ashamed.

She finally knew what topics the academicians talked about on a daily basis.

Qu Cheng, who was walking in the front with two big bags under his eyes and a slightly hunched body, listened to the conversation of the academicians and said without turning his head: "Whether Chief Gao is capable or not, you will know later. As for the ternary chip, I don't know, but it is likely to be real."

Qu Cheng had worked with Gao Zhengqian before and knew the character of this top chip engineer. He really was not the type to brag.

"It's not a high probability, it's definitely true." Liu Dongsheng corrected.

He had also worked with Gao Zhengqian, and the two had jointly designed memory chips. He had a deep understanding of the strength of the "Chief".

"Then we'll see."

"I'm a little curious."

"Same."

With the introduction of the ternary chip concept, the chip academicians of the Longke Institute were collectively restless and wanted to come to Shenzhen to study.

With Qin Long's permission, they also arrived in Shenzhen on a special plane.

The flight attendant had just sent Qu Cheng to the airport gate, and six black, business-style Linghang 001s had been waiting on the roadside for a long time.

"boarding."

Qu Cheng greeted.

After the academicians got on the bus one by one, the convoy started to move slowly.

When they arrived at the Bantian base of Longxing Group after a 20-minute drive, the guard immediately pressed the button to raise the barrier.

The vehicle drove into the parking lot of the base, and Chen Xing had been waiting for a long time.

As soon as Qu Cheng got off the car, he raised his voice and greeted him, "Mr. Qu, long time no see. You are still in good health."

"Haha, Mr. Chen, long time no see."

Qu Cheng responded with a smile.

The two shook hands, and Liu Dongsheng approached and said, "Mr. Chen, how are you? Thank you for giving us the opportunity to learn from you."

"Academician Liu, you are too polite. It's not about learning or not. We are just exchanging academic ideas with each other." Chen Xing responded calmly.

The reason why Qu Cheng and Liu Dongsheng were coming was actually arranged by Qin Long.

On the day of the Dragon Raising its Head on February 2, Chen Xing proposed the concept of ternary chip, and he warmly invited Chen Xing to the Dragon Science Institute for a gathering.

But Chen Xing was in a hurry to catch a plane, so he declined.

Later, Qin Long explained the reason and expressed his hope to send a group of academicians to Longxing Group to learn ternary chip design. Chen Xing did not refuse, after all, the equipment for room-temperature superconducting materials was borrowed from Longxing Institute of Technology.

"Mr. Chen, let me introduce you to Wang Jie, the chip academician."

"This is Zhang Manman, also an academician in the field of semiconductor chips at our Longke Academy."

"Xu Weiguo, this is not a semiconductor academician, he is in the computer field, and he also wants to see the progress of the ternary system."

Qu Cheng introduced them to Chen Xing one by one.

Every time he read a name, Chen Xing would shake hands and say hello. After the two sides briefly got to know each other, he looked towards the R&D building and said:
"Since we are here for academic exchange, let's not delay any further and go to the R&D building to talk slowly."

"OK."

"Please lead the way, Mr. Chen."

"It's up to you."

Academicians responded one after another.

Hearing this, Chen Xing also took a step forward and led the academicians towards the R&D building.

On the chip design floor, Gao Zhengqian also stopped the work at hand and asked his assistant to organize the relevant information of "Fuxi Chip".

"Chief, do we also need to organize the circuit component files of the Fuxi chip?"

The assistant asked.

Anyone who has used EDA chip design software knows that the working principle of chip circuit design is similar to building blocks.

First design the "building blocks", then reuse them, and finally build a complete chip circuit.

Therefore, it is no exaggeration to say that ternary circuit components are the most core.

"Let's sort it out first."

Gao Zhengqian responded.

Not only the chip laboratory, but also the team responsible for ternary programming, and all the laboratory teams of the ternary project were notified by Chen Xing on WeChat, asking them to make time for the event, as a group of academicians would come to exchange ideas and learn in the afternoon.

(End of this chapter)