Winner Takes It All, Resurrection 2009

Qingyun Group has been active in Southeast Asia recently, which soon attracted the attention of others, such as HSBC and the investors behind it, who are quite jealous.

Through China Resources, they obtained part of the settlement business of the Lijiaopo Stock Exchange, and through cooperation with Bank of China Hong Kong in the issuance of Hong Kong paper, they obtained part of the Zhongxin settlement business.

However, compared with Minsheng Financial Holdings, which intervened in the trading of Chinese stocks on the Lijiaopo Stock Exchange as a completely independent third-party institution, Minsheng Financial Securities became the fourth independent underwriter.

HSBC is lagging far, far behind.

The issuance of Chinese stocks in the Lijiaopo market will directly impact Hong Kong’s international financial status.

Minsheng Financial Holdings has expanded overseas on a large scale and established new channels, which has indirectly affected HSBC's dominant position in the financial sector in the South Pacific islands.

As a result of this double blow, during the period when the news was fermenting and landing, the Hong Kong Hang Seng Index was cut by more than 10%, allowing a group of short sellers to make a fortune.

It also dealt a heavy blow to a number of Hong Kong's tycoons. The adverse effects brought about by this will exist for a long time and will further weaken the local voice over time.

"We must fight back. We must fight back hard to show the North that we are not to be trifled with!"

"Yes, Qingyun is the vicious dog they indulged. First, they created some virtual currency without any entity guarantee, and now they have hyped it up to more than 6000 Hong Kong dollars per coin.

This month alone, the commission income from funds received by London Financial Street from all over the world has plummeted by more than 15%. How can they be allowed to do it completely? "

"It's similar for several hotels in Haojiang. Conventionally, the funds sent from Southeast Asia alone to wash rice were more than 30 billion yuan, but at the end of this month, only about 10 billion yuan was sent."

Everyone was complaining that since the rise of Qingyun, Hong Kong Capital has had an increasingly difficult time. After all, the market share is so large that if others take a bigger bite, they will get less.

Qingyun, in particular, has a big appetite. Not only does he want to do legitimate business, he also wants to get a piece of the pie from underground businesses. Judging from the current trend, he is trying to uproot the business.

Who can bear it?
Under the premise that American capital is expanding globally and regional capital is struggling to protect itself, British capital can no longer sit still. As a loyal partner of American capital, is there anyone who dares to snatch food from their bowls?
Even the powerful European capital could not withstand the rebellion of British capital. Just Southeast Asian capital and some capital from the University of East China want to take away the results of British capital's 200 to 300 years of layout in the region?

It’s simply overestimating one’s capabilities!

Therefore, with the tacit approval of American capital and the support of British capital, Hong Kong capital, which had just completed the first round of negotiations and was not satisfied with the profits it had received, jumped out and prepared to make trouble collectively.

Their first attack was on the upcoming Bitcoin Gold coin. For a time, the mainstream media in Hong Kong began to publicly question the credibility and true value of Bitcoin Gold coin...

As early as when Qingyun Group went south and cooperated with mainstream financial institutions in Southeast Asia to jointly go long on gold, many people questioned that physical gold had a clear bullish trend in the short term.

But in the long run, the mainstream trend in today's world is still to develop the economy. When the shadow of the European debt crisis dissipates, the physical gold held by Qingyun will inevitably be a loss.

The physical gold consumption market in Dongda and Southeast Asia alone cannot consume so much physical gold in five or six years, and hedging cannot fully guarantee profits.

After all, when the gold price reaches a certain peak, it will inevitably fall and lose attention. Without the deep involvement of international hot money, it will be difficult for Southeast Asian and Dongda capital alone to compete with American capital.

If you continue to hedge at that time, you will easily be targeted and harvested by Situ Capital.

However, most of the consumption channels for gold jewelry in the mainland are controlled by Hong Kong capital. Qingyun Group cannot open up a gold sales business just for the sake of its gold inventory, right?

Li Zehua was not interested in opening a gold shop, but he had some ideas on how to sell gold.

By signing a gold purchase cap agreement with gold miners, he has mortgaged the gold to the central bank, Bank of China and Industrial and Commercial Bank of China through different channels in the form of external guarantees and domestic loans.

Even Pufa and Shenzhen Development Bank did not escape, with a cumulative mortgage of more than 850 tons of physical gold, and entrusted the latter to sell it publicly in the market, using methods including but not limited to gold bar investment.

In order to purchase gold jewelry from companies and meet the daily production needs of related manufacturing companies, as gold prices continue to rise, personal gold jewelry market purchases have shrunk.

However, the personal investment and collection market began to become extremely hot. As early as December 10, when the international gold price reached US$12-1650 per ounce, the domestic investment market purchased physical gold bars that month.

More than 10 billion RMB were sold through bank channels alone. However, compared with the huge inventory, it is still too slow. Dozens of tons are sold a month. How long will it take to sell them?
To this end, Li Zehua called together several major players who originally operated Bitcoin to discuss the issuance of Bitcoin Gold.

“Credit is the foundation of virtual currency. Over the past year or so, the Group and you have used more than $800 billion in total (in terms of turnover and transaction volume, with very little real money).

After unremitting efforts, the price of Bitcoin, which was worth less than one cent, has finally been pushed up to above $820 today, and it is just around the corner to reach $.

If we keep working harder, maybe we can break two or three thousand dollars this year.

Of course, the results are impressive, but there are also flaws. We must note that the actual trading volume is not large, as shown in the collected and summarized information below.

Since the advent of Bitcoin, the largest single transaction occurred in early February this year, with an actual transaction amount of around $2 million...

Ladies and gentlemen, I have called you here today not to show off my so-called achievements, but to express my dissatisfaction with the fact that the true value of Bitcoin is seriously underestimated.

You know, among our overseas friends who are sitting here, even if we are connected via video call, which one of us does not have a stockpile of more than 100,000 coins?
In terms of real worth, who among you is not a billionaire? More than 800 US dollars, even if it is completed by the end of the year as planned, what is the problem with US dollars per coin?

Can a mere tens of millions of dollars satisfy our appetite?"

Li Zehua's words were very straightforward and everyone cooperated, whether it was the owner of Mei Zhuang, the representatives sent by the central bank, or the local bigwigs in Jiangsu, Zhejiang and Shanghai.

No one will refuse the wealth that comes to their doorstep.

Musk and other American and Southeast Asian representatives on the other side of the video conference also showed no resistance, because pushing the price of Bitcoin to more than $10,000 is everyone's common wish.

Because that represents a huge fortune of more than one billion US dollars, especially Bank of America, Musk, Qingyun Group, the central bank and several others, which hold a huge amount of more than one million coins.

Even if the unit price only increases by US$100, the theoretical wealth appreciation will be over million yuan.

Musk has had a good time recently. In October last year, Tesla was successfully listed in New York. The opening price had a brief drop, but with the investment of big capital led by Qingyun and Americas, it rebounded.

The situation was quickly stabilized. Just like the speculation of Bitcoin, several financial institutions took turns buying and selling transactions, creating trading volume while continuously raising the price.

Today, Tesla's market value has successfully exceeded 80 billion US dollars, more than three or four times higher than the original time and space, which also allows Musk to have sufficient funds to complete his car manufacturing plan.

His dream came true. Facing the proposal of the major shareholder, he did not hesitate at all and said directly: "Mr. Li, you can make any proposals as long as we can do it."

After consulting with several other companies, Li Zehua finally revealed his plan: "To set up a central Bitcoin settlement system headed by Bank of America and Minsheng Financial Holdings.

Try a new transaction model that uses physical currency with a key to store the vault number..."

Bit gold, or specially numbered gold coins with multiple anti-counterfeiting functions, gradually appeared before everyone as Li Zehua described it.

Someone asked in confusion: "A bitcoin gold coin made with a special process, weighing 50 grams, with a corresponding vault number?"

“Yes, with credit as proof, there is no need to store the Bitcoin key in the corresponding bank vault, as long as the two banks recognize its value.”

Li Zehua explained: “Assuming that we determine that the number corresponding to the gold coin can be exchanged for Bitcoin worth one million US dollars, then the gold coins issued by it can theoretically be exchanged at the relevant cooperative banks.

Unconditional redemption for $1 million in cash."

Issuing gold coins is just a means, and the real purpose is to use the opportunity to bind the value of gold to endorse Bitcoin.

Many people have realized that it is nothing more than a new way of playing financial bonds.

Bitcoin is still Bitcoin. The so-called corresponding bank vault number is just a trick to deceive the world. After all, few people actually go to the bank vault and find the corresponding number.

To verify the authenticity. Moreover, an appointment must be made in advance, and the corresponding bank institution has sufficient time to deposit the corresponding key value into it, which is convenient for consumers to check.

The biggest advantage of Bitcoin Gold is that it strengthens the credit of Bitcoin by binding it to gold. After all, real gold and silver can be converted into cash at any time (in theory, but there are limitations in practice).

"So who is the issuing entity of the forged coins, and can we really take the gold coins home?"

Many friendly partners are tempted. Now the international gold price is very close to 2000 US dollars, and the European debt crisis has not yet reached its peak. There will be a second round of large-scale rescue at the end of the year.

At that time, relevant countries will introduce more stringent self-restrictive economic policies to prevent the debt scale from getting out of control. Anyone with a discerning eye knows that the EU economy is basically finished.

The mainstream economies in the world today are one in a mess, and the other is even worse. What else should we invest in if not gold?
Qingyun then proposed to use physical gold to increase the credit of Bitcoin. Everyone was very happy because they could turn the virtual currency that was illusory and could not be cashed out on a large scale into real money.

Who wouldn’t be happy if you could just resell it and make real profit?
“Because of special domestic restrictions, the central bank cannot issue Bitcoin publicly. We will promote the issuance of Bitcoin Gold through the soon-to-be-established Minsheng Financial Holdings Southeast Asia entity.

In America and Europe, Bank of America will be the main players. The two companies plan to initially issue 300-350 tons of gold Bitcoin. Of course, the cost may need to be paid by everyone. "

As Li Zehua finished speaking, almost everyone was stunned. Even the owner of Mei Zhuang and the person in charge of Goldman Sachs couldn't help but speak one after another.

"Are you kidding? We have to share the promotion cost of two or three hundred billion dollars?"

“This is unacceptable. No one told me that promoting Bitcoin would require so much capital.”

Others also began to whisper, questioning Li Zehua's motives.

“Please be quiet. First of all, we must recognize the fact that the true value of Bitcoin gold is guaranteed. The gold is here, and whoever pays can take it.

I don’t need to say much about the current gold price. There is still at least a dozen or twenty points of increase. Even if the Bitcoin trading platform is not successful in the end, everyone has enough time to realize the book profits.”

Li Zehua had to come forward to calm everyone down. Fortunately, there was real money to back it up. After thinking for a moment, everyone slowly calmed down.

“Secondly, with the support of physical gold, the recognition of Bitcoin will definitely rise to a higher level. Don’t forget, what we want is real transaction volume.

Instead of hype for everyone's own entertainment, only when more and more people recognize the value of Bitcoin and join in to participate in transactions, will everyone get the amount through free channels.

It can be converted into real value. Otherwise, out of 100 transactions, 95 are purely speculative data of internal resale. When will all of them be redeemed?
So we are going to issue Bitcoin gold coins. There are two ways to trade. One is through currency exchange. There is nothing to say about this. The price of the key will be much higher than the price of 50 grams of gold.

The other way is to exchange it through Bitcoin. As long as the value of the Bitcoin held exceeds that of Bitcoin Gold, the exchange can be successful.

We can take this opportunity to officially launch the trading platform to the world. According to the current number of coins held, more than 90% of the inventory is in our hands.

By planning related industry investments in advance, it is possible to set off a boom in regional chain currency mining. As we all know, gold mining is never the most profitable for miners.

Instead, the merchants who guard the gold mines and sell mining tools make the most money. As long as we can lead the trend, the mining machines and electricity consumption alone will be enough for us to recover our initial investment.

As for the subsequent increase in profits, even if it is just a simple doubling, it will be enough for everyone here to add a new 10-digit number to their wealth.

Even by controlling the commissions of the trading platform and the profits from being a banker, they can provide tens of billions of dollars in other income every year in the future. If they share a share, each company will have more than a billion dollars. "

“However, this move will be strongly questioned and opposed by the outside world, especially those forces that do not control Bitcoin, who will not sit idly by and watch us succeed.

Just now you said that we control 90% of the currency in stock, but the remaining 10% is in the hands of others. What if they exchange Bitcoin for gold coins? "

Soon someone raised a question, and others echoed it, "Yes, especially among people like us, there may be people who are tempted, if someone takes out the Bitcoins in his hand.

How about exchanging gold coins on a large scale and making a profit from it? "

"It's easy to do, because the number of bitcoins allocated to each person can be traced. If anyone exchanges them privately, it's easy to check."

Li Zehua was well prepared. "As for other people exchanging bitcoins, they must first expose their bitcoins to the trading platform and register before they can do so."

"Fuck, you're not going to take down the whole gang, are you?"

Musk recalled the small-scale hacking and transfer incidents that had occurred on the trading platform before, and immediately understood, "That was so exciting. The bitcoins that had been cheaply leaked out before can finally be recovered all at once."

"I didn't say that."

Li Zehua laughed and said, "Who can guarantee the safety of the cyber world? Investing is risky and one must be cautious when entering the market. This is all voluntary and I did not force anyone to participate.

In short, once this incident is over, 9% of the currency on the market will be concentrated in our hands. Even if there are some that slip through the net, it doesn’t matter if we take the virtual currency to the bank to exchange it.

A few hundred million dollars at most can be spent, and then the media can be used to convince the outside world that Bitcoin is backed by gold coins. Are you still worried that no one will buy it?

Moreover, they may not choose to take all the gold coins, because transactions based on the Internet that cannot be traced are the safest! "

“You can only say this if you have hundreds of tons of gold in your hands, but I like Bitcoin, as long as it can increase in value and more people can actively participate in trading.

I have no objection. ”

After discussing with others, the owner of Mei Manor was the first to vote in favor. Bank of America had no objection because hundreds of tons of gold and hard currency were suddenly added out of thin air, and other players would still pay for it.

How could it possibly give up the wealth that has come to its doorstep?

However, the representative of the central bank is still hesitant, because no matter how you look at it, Qingyun Group is suspected of bypassing the regulators and issuing another currency, even though the main body is not in the country.

But no matter where Minsheng Financial Holdings goes, it is still a company of Dongda University!
“What if it was used as a commemorative currency?”

Li Zehua advised: "As of now, the central bank and other state-owned banks hold more than 10% of the world's virtual currency, and more than 100 million bitcoins are in the keys held by the banks.

The initial cost of acquiring this part of Bitcoin was no more than 10 US dollars, but now, its value is close to 10 billion US dollars, a -fold increase in two years.

Now, as long as the central bank acquiesces, we are confident that within two to three years, we can push its value to over $10,000, by which time tens of billions of dollars of wealth will be secondary.

The most important thing is to be able to monitor private transaction details at any time through the trading platform.

If you don’t do it, someone else will do it. By then, you won’t be able to see the transaction details, and naturally you won’t be able to control some of the details…”

Everyone understands the truth, but countries and companies look at the issue from different perspectives, and economic accounts are not what they value most. The central bank representative simply expressed his concerns.

It's just that they are worried that once this loophole is opened, it will be difficult to control in the future.

Li Zehua asked, "What if we change the name and issue commemorative gold coins with the central bank as the main body?"

"How is that possible? To support virtual currency, the higher-ups won't approve it."

The central bank representative shook his head vigorously. "Besides, if the central bank takes action, will it be sold domestically? This thing is not protected at the legal level."

Li Yilong took the opportunity to jump out and said, "If Minsheng cannot pass the approval, DBS Bank is willing to do it for you."

The central bank representative came with a mission, so how could he give up the initiative? "Let's not bother Chairman Li. Let's wait for notification from above on what to do." (End of this chapter)