Winner Takes It All, Resurrection 2009

Chapter 710: It's really strange to rush to give money

Li Yillong has come to Yanjing, which is a big deal.

It was even more of a big deal that his visiting team also included a special representative from the Siamese royal family, a special representative from the Malayan President, and a plenipotentiary representative from the Southeast Asian business community.

The foreign affairs department did receive the news in advance, but had no idea that there were several heavyweights in the team. When they arrived at the airport to greet them, the business department saw several people quietly getting on the car among the crowd.

They were all confused.

Xie Jiren, the current director and vice president of Siam's largest business group Charoen Pokphand, and also the recognized next helmsman within Charoen Pokphand.

Chiu Hsing-kin, executive director of Malayan Commercial Bank, is also a director of OCBC Bank. His family holds the lifeline of Malaya's finance, energy and mineral resources.

The other plenipotentiary representative representing the Southeast Asian business community is Li Zehua’s old acquaintance, Zhou Shounian, who heads the largest business group in Indonesia. Yes, his brother Zhou Shouyuan works at Qingyun.

Several invisible business giants visited together with great ambitions. After declining the schedule arranged by the foreign affairs department, they immediately invited Li Zehua to meet.

"Xiao Liu, bring me the economic meeting report that General Manager Yang sent back last week. Also, help me make an appointment with General Manager Zhou of the central bank and tell him that the money has arrived. Let's have dinner together tonight."

Of course Li Zehua would not refuse. After making an appointment to meet in the evening, he immediately took the document and started to look at it.

Half an hour later, he ordered his men to prepare a car and "go to the finance office."

At this time, Mr. Xie was still in charge of the finance department, and Mr. Lou had to work harder, running between Huijin and Finance, and trying to familiarize himself with the work environment as much as possible.

Mr. Xie was not surprised by his sudden visit. After all, in China, the only private entrepreneur who could enter his office without notifying others was Li Zehua.

But after just listening to two sentences, he interrupted forcibly, picked up the phone and said, "Please ask Mr. Lou to come over."

It was very convenient to go up and down the stairs. Soon, the three of them sat down to read the report documents together. After a long time, Mr. Xie took off his glasses and complained, "Such an important matter, why didn't you report it in advance?"

Li Zehua was helpless. "We agreed to hold a meeting in Bangkok, Siam in September to confirm the matter. I never thought these people couldn't wait. There is still more than a month left, and they have already come to Yanjing."

He spread his hands, indicating that the matter was beyond his control.

Mr. Lou tried to smooth things over, "Mr. Li has been working hard lately, but next time, please let us know in advance so that we can also share in the good fortune."

Then he asked Mr. Xie, “What do you think?”

"Worth a try."

Mr. Xie pondered for a moment and felt that there was no reason to refuse a good thing that was delivered to his doorstep. He just felt that it was too unreal. When did the international payment settlement in RMB that Dongda had always dreamed of become so easily obtained?

Still a little uncertain, he said to Li Zehua, "You have an appointment with the central bank's governor Zhou Xiaochuan, right? Why don't you just ask him to come over now and talk to you all?"

"Mr. Li, there should be no problem with these banks cooperating with Qingyun, right?"

Mr. Lou was still worried and confirmed again and again: "This is not a trivial matter. If you are not completely sure, once something goes wrong, it will be difficult to deal with it in the future!"

"In principle, there are no major problems. As long as we control the direction, everything will be under control."

Li Zehua was full of confidence, "Big banks like UOB, Hwa Chong, Nasional, and Malayan, each of which has tied together tens of billions of dollars of core interests through micropayments.

The financial institutions under their control are all directly connected to the Lijiaopo Chinese concept stocks market. If the Lijiaopo Trading Center (futures) is included, they will proceed according to this plan.

Each family received more than 10 billion, which is the foundation of the family business that will last forever. Unless someone is crazy, they will try to dig into their own lifeline!"

"But this year, 3000 billion RMB will be needed to supplement liquidity, and next year, more than one trillion RMB will be needed. This is indeed a big step. What if it is used by someone with ulterior motives? What will be the impact on the offshore foreign exchange market?"

Mr. Lou was unsure and looked at Mr. Xie. The latter did not dare to agree to such an astronomical figure easily, so he called to report.

After listening to the proposal, the CEO immediately expressed his position, "Let the responsible colleagues from the CBRC, Development and Reform Commission, and Policy Research Office participate in the discussion in person. You should first come up with a feasibility framework and submit it to the meeting for a collective vote."

Mr. Xie felt relieved and immediately arranged for someone to go and invite them.

While waiting, the three of them were not idle, and they chatted about Qingyun’s investment in Southeast Asia.
When everyone arrived, Zhou Xiaochuan, who was in charge of currency export, spoke first, "Using the micropayment platform, we will first realize the limited free circulation of RMB and local currencies on mobile communication devices.

This selective basic framework not only demonstrates the flexibility of RMB going overseas, but also controls the risks within a certain range. I personally and the central bank agree with this..."

Various capital groups in Southeast Asia sent their core representatives to Beijing. What they wanted to discuss was naturally not a trivial matter, but mobile Internet finance led by micropayments.

It has now been thoroughly developed and has become an indispensable financial trading platform for major cities in Southeast Asia, and the scale of social funds it has absorbed has exceeded US$2200 billion.

There are more than 700 banking and financial institutions tied to it, and the funds deposited in cooperation with micropayment through special interbank accounts also exceed US$2000 billion.

This part of funds nominally belongs to local banks, but the actual control is in the hands of micropayments. In other words, micropayments alone control the equivalent of more than US$4000 billion in the ten economies in Southeast Asia.

What’s more terrifying is that all of them are liquid funds that can be converted into cash at any time!
Even the world's most powerful investment fund BlackRock cannot match this figure. Even when it just acquired Merrill Lynch, it could not come up with such a huge cash flow.

Zhou Xiaochuan, the central bank governor of the world's second largest economy, was shocked when he suddenly saw this figure, because it is almost equivalent to 1/10 of the US dollar foreign exchange reserves held by the Southeast Asian financial system.

(Affected by the industrial upgrading of the East University and the high return on investment in the internal market, there are trillions more foreign exchange reserves than in the original time and space.)
So he dreamed of getting the money, but Qingyun was not a soft persimmon. Even if he wanted it, he could do nothing if the other party was unwilling.

Seeing him peeking at him frequently, Li Zehua said helplessly, "Boss Zhou, don't look at me like that. You can't spend the money you have now. Even if I give you another trillion dollars, will it be useful to you?"

Zhou Xiaochuan smiled awkwardly, "I'm used to it, I'm used to it."

Mr. Zhang from the Development and Reform Commission next to him almost died of laughter, and forgot to spit out the tea leaves after drinking them. "Okay, okay, let's get back to the topic. The RMB will add 17 trillion in liquidity this year and next year.

The original plan was to first absorb part of the funds through the internal consumer market and industrial upgrading, and then use up part of the funds through support from a certain industry and the stock market.

But now the Southeast Asian economies have proposed a new idea, which is to stabilize the value of their own currencies through the legal endorsement of the RMB. This is a very constructive idea.

We at the Development and Reform Commission definitely agree with this. Why?

Because of the planned Malaysia-Brunei high-speed railway, Siam-Malaysia Lepas International High-Speed ​​Railway, as well as the State Grid and Nandian Energy Group’s plans to develop Southeast Asian power resources.

China Mobile, China Unicom and ZTE jointly submitted a plan to improve the telecommunications network infrastructure in China and Southeast Asia...

A huge amount of RMB is needed, so it is totally unnecessary to let the US dollar take some of the money out of it.”

Stimulated by mobile Internet and Internet finance, all economies around the world, except traditional Europe, have begun to enter a period of rapid development, and Southeast Asia is no exception.

With money (mobile Internet taps into the accumulated funds in society and forms economies of scale), each economy will of course want to further stimulate its own economic development.

Dongda just wants to take this opportunity to solve the problem of impending overproduction in the country. Dongda has productivity, mid- and low-end technologies (Southeast Asia has a lot of basic knowledge to fill, and high-end technologies from Europe and the United States are not suitable), and a complete industrial chain.

Southeast Asia has a consumer market, money, and an urgent need to increase demand. The two sides hit it off and their relationship quickly warmed up. The scale of bilateral trade imports and exports alone perfectly reflects the advantages of working together.

In the first half of 2012, the total import and export volume between Southeast Asia and the economies of Southeast Asia increased by 35% year-on-year. Needless to say, this is a great concept.

However, faced with the ever-growing total economic scale, the Southeast Asian economies are afraid because they have nothing to protect themselves. What if the 98 financial crisis happens again?
Now they need to import a large amount of low- and medium-end technologies, equipment and industrial consumer goods from the University of Tokyo. Once the US dollar foreign exchange reserves are exhausted, won’t they be meat on the chopping board?
In fact, American capital has already made extensive arrangements by mortgaging US dollar assets in exchange for local currency, thereby significantly driving up the prices of high-quality assets, such as the housing prices in Bangkok, Siam in the past two years.

The prices have risen by more than 30%, and the same is true for Kuala Lumpur, Lisboa, Brunei, and some important cities in Indonesia. Even if the US capital is so simple and crude, because there is a lack of advanced manufacturing in the local area, they can only achieve their harvesting goals by driving up housing prices, energy and mineral resources.

Once they have drained the excess profits of various economies, they will withdraw without hesitation, taking their own currencies, which have been forced to appreciate, and exchanging them for more US dollars to cash out.

Southeast Asia will inevitably fall into a dollar shortage again. Without dollars, it will not be able to participate in world trade settlements, buy new technologies, new equipment and necessities, and will not be able to repay dollar debts.

Once credit collapses and the domestic currency exchange rate plummets, economies will fall into recession again.

By then, American capital will enter the market with dollars to buy at the bottom, and Southeast Asia will have no room to resist.

Therefore, they sent a delegation to the University of Tokyo this time in order to introduce RMB to directly intervene in the daily consumption and investment areas of the economy, and this year they required an equivalent amount of RMB of more than 400 billion US dollars.

In 2013, an amount equivalent to more than US$1500 billion in RMB is required to meet the needs of the five economies of Singapore, Malaysia, Thailand, Brunei and Indonesia.

At the same time, they are also preparing to apply to the central bank and Qingyun Group to sell more than 300 billion ten-year sovereign bonds, with interest rates based on international standards for the same period...

"Sovereign bonds are no problem. The central bank has more U.S. dollars in reserve than it can use up."

Mr. Xie frowned and asked Zhou Xiaochuan and the head of the China Banking Regulatory Commission, "But in the next two years, more than 1 trillion RMB will flow out. How much impact will it have on the offshore foreign exchange market?"

Zhou Xiaochuan thought about it and said, "This can still guarantee safety, but the key is that more than one trillion yuan is far from enough!"

He said to Li Zehua: "Tell me the truth, how much will the Chinese concept stock market change in the next two years?

Also, how big is the scale of the high-speed railways, highways and telecommunications infrastructure that you submitted? I saw that the application submitted by China Mobile is expected to cover all major cities in Siam in the first phase.

With an investment of tens of billions of dollars, aren't you worried that you won't be able to recover your investment if something changes in the future?"

"What do I have to worry about? The Siamese government delegation is going to visit Dongda in October. One of the proposals is to invite regular inspections of inland waters. At that time, more than 800 detectives will be dispatched in the name of the Six Gates.

Stationed deep inside Siam.

In addition, the Siamese government is preparing to purchase tens of billions of dollars worth of power, including 48 upgraded Gou 10Cs, 4 056Bs, 2 054 frigates, etc. Malaya has also made a similar application.

Brunei also asked the Governor's Office to directly dispatch a permanent team to carry out regular daily patrols and protection.

Without exception, these economies have put up their most core resources such as oil and gas, copper, gold and silver, and export to third-party quotas as collateral.

If something really happens, the Governor's Office should take a clear attitude and fight for the core interests of Dongda Capital!"

Mr. Lou couldn't help but interrupt, "I'm not here to see you flex your muscles. Don't change the subject. I'm just asking you, is this $2000 billion enough to solve the problem in the next two years?"

As the incoming head of the finance department, he knows better than anyone that American capital will definitely take action against the RMB while Huijin is busy dealing with hidden dangers in the financial system and developing a protective circle to prevent US attacks.

And the best battlefield is in Southeast Asia!

Once too much RMB leaves the mainland of Tokyo, it will put great pressure on the offshore foreign exchange market.

Even though the Southeast Asian nation has a lot of dollar reserves, there are just as many places where it can spend the money. Every year, it spends hundreds of millions of tons of grain, more than one billion tons of iron ore, and three to four million tons of copper. Which one of these does not require astronomical figures?
There is also industrial upgrading, which is even more expensive!

The equipment and technology (including a full set of lithography technology and equipment) introduced by Qingyun Group alone in the semiconductor field amounted to as much as US$3500 billion in three phases.

Although more than half of the foreign exchange quotas are solved by Qingyun Group itself, it also indirectly reflects the huge demand for US dollars in Dongda’s current round of core strategic industry upgrades.

Even one trillion US dollars cannot stop it (this is the fundamental reason why European and American capital dare not turn against us at the first opportunity, because countless multinational companies have received huge orders)!
Southeast Asia now wants so much RMB at once, plus Li Jiapo’s proposal for RMB trading in Chinese stocks and futures trading centers.

How much RMB will be needed to fill this hole by then?

I don’t dare to think about it, I simply don’t dare to think about it!

Li Zehua roughly estimated that “14 trillion should be enough to meet the demand, but I can’t guarantee it in 15/.

Maybe it will take a hundred thousand or eighty thousand to solve the problem!"

Well, just add a hundred million after ten thousand.

Mr. Lou almost vomited blood, "Stop talking, stop talking, $1.5 trillion, do you want to scare us all to death?
If this enters the US settlement system and is used by Wall Street, half of the foreign exchange of the University of Tokyo may not be enough to invest in it. "

"What should we do? I haven't counted the demand for RMB in Eastern Europe, South America, and West Asia. If we count all of them, it would be around 15 trillion, or about 2 trillion US dollars."

Li Zehua did not back down and said directly: "I have said long ago that we should develop our own settlement system for RMB. Now Micropayment has the resources of more than 700 mainstream commercial banks in Southeast Asia.

As long as you, Boss Zhou, give the order, Qingyun will be able to seamlessly connect and create a settlement system exclusively for Dongda."

President Zhou remained silent, President Xie lowered his head to wipe his glasses, President Lou seemed to be thinking about something, and only President Zhang from the Development and Reform Department came out to speak, "The conditions are not ripe now!
You are attacking the U.S. dollar, which controls the basis of global commodity pricing. Once you bypass this system, the mold will probably flex its muscles in the next second.

No, the external environment and the internal strength do not support us doing this. Let's wait and see. At least we have to wait until the rumbling forces of the Five Military Commandery take shape. "

"Qingyun can wait, but can the allies outside wait?"

Li Zehua had promised the Five Military Commandery that he would strive to obtain hundreds of billions more for upgrades at the meeting in March next year. Where would the money come from?

The various capital groups must be made aware of the urgency and vote in favor.

These are the key people who control the purse strings. If we convince them, the rest of the problems will be easy to solve.

Mr. Lou has also figured it out. If he takes a step back, the good situation will be ruined. Now he can only charge forward. The core interests of Dongda Capital cannot be compromised at home, right?

What's the point of talking about going overseas, let alone extending to the backyard of American capital to cause trouble? Everyone should just go to bed and stay at home.

“You have to eat one bite at a time, but don’t worry, I will actively communicate with all parties on the construction of the Booming Power, such as the income from the equipment jointly ordered by Singapore, Malaysia and Thailand this time.

It will not be included in the fiscal revenue, but will be directly transferred to the special funds for upgrading the Five Military Governors Office...

Mr. Xie, what do you think? "

Mr. Xie nodded and said, "I will also help coordinate this aspect. Before I retire next year, I will try to set up a special confidentiality construction fund."

Then he turned to Li Zehua and said, "Even if the money is delivered to our door, we must take it this time. Just like Mr. Lou said, we can't even protect our own door, so how can we talk about going out to sea?

In short, you should go ahead and do it, but you must be extremely careful in the details, and you must not be careless, let alone let the US capital catch you. Once you violate the US global anti-interest transfer law, you will be in a passive position. "

Li Zehua nodded and said, "Please rest assured, we have made sufficient plans for Bitcoin currency, and will never give the US capital any handle to us."

"That's good. You can talk to them first tonight. We will hold an emergency meeting when we get back to discuss it. Remember to communicate any news as soon as possible.

We can’t make reports at short notice anymore, catching everyone off guard.”

President Xie looked solemn and immediately adjourned the meeting...

(End of this chapter)