Chapter 677 - Illegal usury
After Yi Gang heard Li Feiteng's question, he boldly stated his views on foreign exchange and the direction of foreign exchange improvement in great detail.
What he said was almost not much different from what Li Feiteng thought.
This made Li Feiteng very surprised, as a reborn person, he can see the pros and cons of the future of foreign exchange, but Yi Gang is completely relying on his own understanding of finance, said it.
There is no doubt that after Li Feiteng pondered for a moment, he said: "Secretary Yi, if I recommend you to work at the State Administration of Foreign Exchange, what do you think?"
Yi Gang was stunned, he didn't expect Li Feiteng to call him over, this is the purpose.
Li Feiteng hurriedly continued: "I really want to help the country to put such a large amount of foreign exchange reserves, participate in national production, the current foreign exchange management operation is too conservative, short-term can not see anything, long-term as you said, the development and improvement of the currency, have a great hindrance effect, although the foreign exchange reserves to take the corporatization of investment operation of the big change, in the short term can not be realized, but if we work together, first make a performance for everyone to see, I believe that the operation of foreign exchange, will go to a higher level." ”
Yi Gang listened, nodded lightly, and said, "I am honored to be recognized by Mr. Li, I think I have no problem." ”
"Okay, let's have tea. Li Feiteng heard Yi Gang's words, and the matter was settled.
This morning, the two have been chatting about the improvement of foreign exchange, and at noon, they went to lunch together and chatted for more than an hour.
From his side, Yi Gang heard a lot of insightful and thoughtful innovative skills and means of operating foreign exchange.
Li Feiteng is amazing. Yi Gang was a little shocked. Because of this young man. It's really bold!
No wonder Li Feiteng can achieve such great success, his thinking is too different from others, and he can always think of things that others can't think of, one step ahead of others.
That night, Li Feiteng went to Zhonghi to meet and negotiate with a high-ranking official in the high-martial capital area.
In the next two or three days, Li Feiteng held several financial meetings. For the first time, his concepts and ideas on foreign exchange management were put forward.
If it is someone else, who proposes the direction of foreign exchange corporatization investment management, it will definitely not get the attention of the state department, and when Li Feiteng says it, it will really be different.
The major banks and major financial departments immediately held active meetings and discussions, and the presidents and ministers also took the initiative to meet and discuss with Li Feiteng.
A week later. Li Feiteng's mention was sent to the State Administration of Foreign Exchange from above. Let the State Administration of Foreign Exchange temporarily separate a foreign exchange investment department, which will set up a government/government investment company and use a part of the reserves of foreign exchange to be handed over to this department to operate.
Yi Gang, under the recommendation of Li Feiteng, also served as the head of this investment department.
As for Li Feiteng himself, he also became an external consultant for this department.
Every year, this department has to complete a certain rate of return on a fixed amount, and when the part exceeds the rated rate of return, Li Feiteng can take 20% of the commission.
For the first time, the state allocated $5 billion in foreign exchange to this department to test the waters, and Yi Gang, together with the State Administration of Foreign Exchange and Li Feiteng, formed members for this department.
This department will be a special department, which will be dominated by external consultants like Li Feiteng, supplemented by financial officials in the system, and will have no real power, that is, the state trusts Li Feiteng, and it is also for the interests of the country, making a test of the waters.
$5 billion may seem like a lot, but it's just a little bit for hundreds of billions of dollars in foreign exchange reserves.
And if the capital is too small, it is not the investment sector of the state.
Li Feiteng has a bottom in his heart and has a certain amount of experience, how to say, he has also received more than $5 billion in cash.
In the current investment field, in fact, a large amount of foreign exchange capital can be accommodated, except for the securities market, that is, the loan market, and the global Internet financial market.
The country's investment department naturally can't be like an ordinary group private company, what can be played, everything is open and transparent, so Li Feiteng, as the first external consultant, also has such a high commission of 20%, and his pressure is still quite great.
However, if you want to do something big, you have to dare to take pressure and take risks.
In the process of rapid establishment of a foreign exchange investment company, Li Feiteng reluctantly transferred several senior fund managers who graduated from Harvard Business School and created a lot of wealth for him in the past two years and have rich investment management experience from the Ru Lynch fund management team.
There is no way to do this, in the system, there are very few talents who can really have free access to the market, and when he decided to contribute to the country, he expected it to be today.
With external consultants and external fund managers, the remaining financial talents in the system are not too picky.
There are many financial departments in the country, and in a few days, individual talents have been transferred into this department.
Therefore, when this department recruited more than 300 investment managers from outside the system and system, Huaxia officially held a financial research conference with the theme of foreign exchange reserve operation.
The conference convened financial management cadres from all over the country, and thousands of people gathered in Yanjing on August 26 to hold a meeting in the conference hall.
The standard of the meeting was extremely high, and the national leaders, including the prime minister, attached great importance to it, and they went to the scene to express some views and opinions.
In short, they are also expressing support and encouraging foreign exchange to test the water reform.
In fact, the reform of foreign exchange is already a matter of urgency.
Although the WTO has not yet formally approved China's accession to the WTO, many people already know that by November, China will definitely be able to join the WTO.
Once China joins the WTO, it will mean that a new financial era has arrived, and the country will face more challenges and competition.
Conservative foreign exchange investment in magnesium national government bonds, extremely low yields, can no longer meet the pace of China's rapid development. Only to earn more profits. In order to support and promote the progress of China.
Li Feiteng never did something that he was not sure of. It is precisely because of this that he has not made a single failed investment.
It is precisely because of this that even the country's senior leaders have a kind of trust in Li Feiteng.
Everyone believes that the myth of his undefeated can be continued.
The conference was launched, and after the international financial news reported, the magnesium country was a little shocked. International institutions across the globe were also shocked!
The financial officials of the magnesium country are panicked!
Li Feiteng actually dared to do this!
"Li Feiteng, he betrayed his nationality, he actually worked hard for Huaxia!"
"Mr. President, once Li Feiteng really promotes the reform of Huaxia's foreign exchange, I'm afraid we won't be able to borrow money anymore!"
"Yes, Mr. President, if this is the case, the development path of our magnesium country will slow down, once Li Feiteng really invests the capital of Huaxia foreign exchange in various fields around the world. The consequences are unimaginable, we can no longer stop the rise of Huaxia!"
"Oh my God. Li Feiteng, what the hell does he want to do?"
In the White House of the Magnesium Country, because of the financial conference held in China, the plan of the meeting to pass guò, and the major event of Li Feiteng becoming a senior external consultant of the Chinese country, many bigwigs of the magnesium country were frightened.
Including George W. Bush, he also sat in his seat with some headaches.
Li Feiteng took advantage of the plane collision incident to plunder billions of dollars from the magnesium country, and the magnesium country would definitely have to do such a thing.
However, there is no way to carry it out, because Li Feiteng's financial policy is too influential, and the White House does not dare to take action lightly and set up enemies.
Now, Li Feiteng's political stance has been fully expressed.
But he did a great job, and Huaxia was also very tolerant.
It is not uncommon for magnesium nationals to serve as consultants in Huaxia.
The key is that Li Feiteng's investment rate of return, success rate, and outrageously high rate.
If Huaxia Foreign Exchange is really issued under his guidance, it will not be a good thing.
A group of people in the White House of the magnesium country discussed and discussed, and there was nothing to do about it.
The only countermeasure is to continue to send people to lobby senior officials in China, hoping to get more capital support and lend more money to the magnesium country.
However, when the foreign exchange matter in China was boiling, the banks of the island countries also revealed that Li Feiteng had borrowed tens of billions of dollars from their country.
As soon as this news came out, the people of the magnesium country were shocked again!
What does Li Feiteng want to do?
Is he crazy? Why so much money!
No one knows why, because Li Feiteng will not tell anyone else about the purpose of borrowing money.
Unlike the state's newly established investment department, the tens of billions of dollars he borrowed will no longer be lightly invested in securities.
Instead, they are ready to continue to invest in Internet finance.
Online loan is not an unfamiliar word to future generations, but it is really a strange word to people today.
Li Feiteng has long had plans to be an online loan platform, and the online loan industry in his previous life can be said to have taken a lot of detours, and many platforms have absconded with money, so that people's trust in online loans has gradually decreased.
And what he wants to do is the world's No. 1 online loan platform.
Of course, the first thing is to occupy the loan market in China.
It seems very simple to do online loans, but if you want to do it for a long time, Li Feiteng also needs to prepare a lot.
It can't be like an online loan platform in the previous life, with insufficient capital turnover, or even funds moved to other places.
In Li Feiteng's place, the biggest benefit of online loans is actually the most ordinary high-interest fast loans.
There are many, many groups of people in the face.
In his previous life, the online loan platform could not succeed for too many reasons, and here in Li Feiteng, he didn't have to worry about the lender not repaying the money at all.
Because his Internet empire holds the information of all users, even more detailed than the information of the public security department.
Li Feiteng really wants to be plucked out of human flesh and whose ancestors are eighteen generations.
Moreover, Li Feiteng also has the world's largest security company, who dares not to pay back?
The most important thing is that he does not need to absorb private funds, so there is no problem of capital turnover.
Could it be that there are $10 billion in reserves, but you are afraid that there will not be enough funds?
Therefore, when Li Feiteng dared to borrow money from the islanders, he was taking advantage of the difference between bank and private loans to earn high profits.
It may not be profitable at first, but once the platform is established and the system is perfected, the money will continue to come in.
To put it bluntly, Li Feiteng is no different from doing a loan shark business, the only difference is that he does not break the law. (To be continued......)