Chapter 172: The Concept of Sovereign Funds

If the previous words only surprised Zhou Ming, then Yang Dingguo's words at this moment made Zhou Ming completely confused.

Before Zhou Ming could express his doubts, Yang Dingguo said again: "I have also listened to your speech at the National People's Congress, I feel sorry for what happened to you abroad, and I also know that you have also gone to our consulate in North Russia because of some things. ”

Yang Dingguo sighed and said: "In the past, due to some historical and other reasons, we had too little communication with the world, and we were too poor and backward, so those foreigners would look down on us so much, and they would laugh at you for not understanding finance and economics, and they would deliberately make trouble for your Cherph market, and even in the end, it would develop to the point that they united to bully you." ”

Speaking of this, Yang Dingguo paused for a moment and then said: "But it is precisely because of these reasons that we need more reform and opening up, we need to take this financial class well, and we need talents like Zhou Ming to help this country grow together, I believe that what you have experienced will be the past after all!"

Listening to what Yang Dingguo said to himself, Zhou Ming was dumbfounded, and he realized that the reason why Yang Dingguo came to him was not because of the foreign Chinese Zhang Lin, nor because the classmates in his finance class had established the correct three views, but only because he had expressed a few words of emotion in North Russia.

"You don't have to be so surprised, if the financial class is the hope of the country's future and the object of key training, then you, the class teacher, are the focus of the focus, so the country should value you no matter how much you deserve. ”

Yang Dingguo continued: "And in the past, we only knew that you made 100 billion US dollars in Northern Russia, but we forgot under what conditions you created this miracle, just like Zhou Ming said, they all think that we are a group of barbarians who drink blood and can only calculate others with abacus, or think that we can't eat, can't calculate numbers from 1 to 9, and they don't think we will understand what is called finance." ”

Yang Dingguo took a deep breath when he said this: "These words are a shame for us, but Zhou Ming, you have completed the account opening under such conditions to the point of confronting the Americans head-on on the financial battlefield, this is not simple, it is a miracle that cannot be described in words." ”

"In the past, it was the state that neglected these things, so that you silently endured these abroad, but please believe that the motherland will be your strong backing in the future!" Yang Dingguo said.

In the face of Yang Dingguo's praise and assurance, Zhou Ming felt blushing, the reason is very simple, that is, what he said and Yang Dingguo's understanding are fundamentally different things.

As a leader who came out of the old society, he also stayed abroad, and knowing that the status of his countrymen abroad is very low, he naturally thinks that he is still the same as in the past, and that he has been subjected to all kinds of difficulties and humiliation by the United States and North Russia in North Russia.

But this is not the case, he used to be a collaborator of the Dota Project in the past, and in the past, he was directly involved in the decisive events of the collapse of the Soviet Union, and met directly with the current president of North Russia. Of course, he was later excluded from the Dota Project because of this incident, and Davier, the head of North Russia at the time, also mocked him, but it was only like that, and it did not reach the level of humiliation a hundred years ago.

Later, he obtained a large amount of rubles through the Guò Cherv market, forcing the North Russian government to cooperate with the Dota Project to forcibly replace the new ruble.

It can be said that since that time, he has been one of the three groups of North Russian economic powerhouses, and under these conditions, those proud Americans will only face up to their opponents, where will they be humiliated?

Needless to say, the last thing is that through the cooperation between Guò and Meta, the first financial warfare expert in the United States, he successfully obtained an oil field in Siberia through the transaction between Guò and the North Russian government, and also placed the other party in this transaction, Mr. Meta lived in the manor arranged by the consulate, and this financial warfare expert, who has never served only the President of the United States, is at ease in the one who manipulates 100 billion funds.

Judging from these circumstances, I was sad for a while on the North Russian side, but it was not as insulting as Yang Dingguo thought.

As for the words he said in the lecture hall, he just said it to stimulate the patriotic enthusiasm of his classmates, but who knew that these words reached the ears of Yang Lao, and his old man actually believed it, and for this matter, he called himself into Zhongnanhai for the first time.

This is really a bit laughable, Zhou Ming wants to explain, but in the face of Yang Lao's sincere concern, Zhou Ming really doesn't know how to speak, and this matter seems to be very difficult for Yang Lao to get off the stage, so after thinking about it, it is better to accept this concern shamelessly.

But I finally guessed a little right, I made 100 billion US dollars in Northern Russia, and I did get the attention of a national leader like Yang Lao, although the 100 billion is not in my hands now, and I still need to share the money with the rich in Northern Russia, but this is a huge wealth, even in 20 years, it is impossible not to let the leaders of a country pay attention to it, let alone now.

As if to prove Zhou Ming's idea, Yang Dingguo said to him: "You can earn a whole year's national income of the country with your shot, if you are an official in the system, I must train you to be the future Minister of Finance or the governor of the central bank, it is not an exaggeration to say that you are a national soldier!"

Zhou Ming took a deep breath, Rao is how he overestimated himself since he was reborn, he couldn't imagine that Elder Yang would give himself such a high evaluation.

The word Guoshi may have been used rotten in later novels, but now, especially in Yang Dingguo, who is the leader of the country, it is still a very rare word.

Facing Yang Lao's expectant eyes looking at him, Zhou Ming scratched his head embarrassedly and said: "Yang Lao, in fact, my biggest advantage is in business and management, if I am asked to formulate fiscal policy or monetary policy, to fight with other institutions, I am afraid I will make a mess of things, in contrast, if I really let me do it, I feel that the sovereign fund is more suitable for me." ”

Zhou Ming's words made Yang Dingguo's eyes light up: "Sovereign fund, what is that?"

"Private fund company, I think Yang Lao should know, right?"

Zhou Ming asked, Yang Dingguo nodded and said he knew, Zhou Ming continued: "The sovereign fund is actually the counterpart to the private fund, and it is also a fund investment, but the fund-raising has changed from private to state, and the state can use the foreign exchange reserve revenue and even resource income as an investment in the sovereign fund." ”

"So that's the case, but we are now at a critical moment of integration into the world economic system, because of our reforms, the economic blockade of Western countries has been loosened somewhat, if we engage in some sovereign wealth fund, won't Western countries be wary of us again?" Yang Dingguo asked.

Zhou Ming shook his head and replied: "No, although sovereign wealth fund is still a relatively new word, many countries around the world have begun to try to use sovereign wealth funds to increase their national revenue." ”

Zhou Ming thought for a moment and then said: "If I remember correctly, the world's first sovereign fund is the West Asian country Kuwait in 53 years of using his oil export income to form an investment bureau, the more famous is the 56 years of the establishment of the sovereign fund of the western Pacific island countries, because this island country is small, there is only one kind of guano resources, after the guano resources are exhausted, he can only rely on the income of the sovereign fund." ”

"The most successful sovereign fund is probably Singapore's sovereign fund in '74, which invested $70 million at the beginning of its creation, and now fifteen years later, this fund has increased the value of the fund by more than ten times through various investments. Zhou Ming said, "It is precisely because of the success of the fund that more and larger enterprises will enter this fund this year, so that this foundation will go to a higher level, and Singapore will also benefit from this fund, and use the income brought by the fund to bring its own country's development to a higher level." ”

Finally, Zhou Ming added: "Benefiting from the success of the sovereign wealth funds of Singapore and West Asian countries, the United States also set up several sovereign funds in the 70s. ”

Hearing this, Yang Dingguo breathed a sigh of relief, since the United States, the boss of Western countries, can engage in sovereignty and funds, then China will naturally not have to worry about any diplomatic pressure if it is engaged in sovereign funds.

But the idea was this idea, but Yang Dingguo still asked: "Do you really think we need to engage in sovereign funds?"

Zhou Ming nodded and said: "Yes, yes, we definitely need it, after all, with the sovereign fund, we can attack globally, acquire resource companies in other countries, or very important strategic enterprises, and then invest in these enterprises through guò to complete the global economic deployment." ”

"Just like this time in the case of North Russia, if North Russia has this sovereign fund, the United States will launch a financial war against him, and he can retaliate, right?" Yang Dingguo asked.

"That can be said, but I think the biggest role of sovereign funds is to keep the United States from starting a financial war. Zhou Ming said.

Yang Dingguo clapped his hands happily: "Genius! Zhou Ming, you are really an economic genius, these ideas of yours are really amazing, I am very glad that such a genius can be born in the land of China, or in this era of world change, God bless me China!"

For the title of genius, Zhou Ming himself felt blush, after all, he could know this, it was just the memory of his previous life, if he wanted to say that he was really so genius, he would not have lived so badly in his previous life, did he really respond to that sentence, people only know how to live when they die once?

Zhou Ming smiled bitterly in his heart, threw some of these things out of his mind and said: "Old Yang, but it's too early to say these things, after all, we still have too few financial talents, and the hasty establishment of a sovereign fund will only cause unnecessary losses." ”

Yang Dingguo nodded and said: "That's right, that's why we need the students of the finance class, this important task is handed over to Comrade Zhou Ming, you are the hope of the country's future!"