After Li Feiteng asked his secretary to make an appointment with Yi Gang, he couldn't suppress his ambition to help Huaxia's financial industry.

Because he thought that after more than ten years, Huaxia finally began to operate its foreign exchange reserves corporatically.

Corporatization means that Li Feiteng can become a shareholder of a foreign exchange investment company, and he can also play some important roles, and he can realize his ideal of being a national newspaper without being an official.

As for Yi Gang, he is now serving as the secretary general of the monetary department, so if he can promote the establishment of an investment company in foreign exchange, this Yi Gang can become the general manager of the investment company.

However, when Huaxia handed over the management of foreign exchange to the newly established foreign exchange investment company, foreign exchange had reached 1,066.3 billion US dollars, and every year since then, the new foreign exchange has exceeded 200 billion US dollars.

It is precisely such a huge amount of foreign exchange reserves that makes Huaxia have to consider multiple times and choose to invest in the market.

Singapore has long had a company dedicated to managing the country's foreign exchange reserves, called the Government/Government Investment Corporation, or GIC for short.

It is absolutely necessary for Huaxia to set up a similar body.

For a long time, China's foreign exchange reserves have been invested and operated by the International Administration of Foreign Exchange, and most of the foreign exchange reserves have been used to buy magnesium national government bonds.

Once Huaxia establishes a foreign exchange investment company, the direction of international foreign exchange reserve operation will be completely changed.

The income from China's foreign exchange reserves is really low, only about 4%.

This means that with 100 billion, the annual profit may only be 4 billion US dollars.

To put it bluntly, it's like Huaxia depositing money there. All indefinitely. You can't just withdraw money yet. has also been persuaded by the magnesium country to save money.

From Li Feiteng's point of view, the establishment of a foreign exchange investment company in Huaxia is not only to improve the investment income of China's foreign exchange reserves, but more importantly, to solve many macroeconomic dilemmas attached to it because it is closely linked to the US dollar.

It's like the financial crisis, the depreciation of the dollar, these dilemmas. It will make China's foreign exchange investment greatly depreciate, and it may also face the magnesium country printing a large number of banknotes, maliciously depreciating the dollar, so that Huaxia has a huge shrinkage of wealth, to put it bluntly, investing in dollars, the risk is really not ordinary.

For Huaxia, so much foreign exchange reserves, if not used in a timely and effective manner. Negative effects will start to show up.

With so much money, it has long hindered the freedom of RMB. Autonomy, including China's monetary policy, cannot be mobilized casually, because it is necessary to look at the face of the dollar.

Although Huaxia Bank was able to treat the passive position in the process of redeeming the hedge, and took back the excess brush, under certain conditions, such as when the hedging amount is insufficient, Huaxia's inflation will directly cause the price of real estate, stocks and other assets to rise.

If the amount of hedging increases or decreases, the increase in government/government interest costs pushes up market interest rates, which in turn offsets the hedging effect after the rapid inflow of foreign exchange in anticipation of appreciation.

However, if we adopt such means as raising the banks' statutory deposit reserves, the profits of commercial banks will be damaged, and the process of banking reform will be affected.

At the same time, the huge foreign exchange reserves are not conducive to improving the overall economic operation efficiency of China.

The simplest example is that a wealthy businessman who puts his huge wealth in the bank still saves his life and does not invest his wealth in the operation of business.

In this case, although wealth is preserved, it is difficult to grow.

China's foreign exchange is like Li Feiteng who has made a huge amount of dollars in the stock market, if he keeps his original $7 billion wealth in the Bank of England, although he eats interest every year, he can also earn hundreds of millions of dollars.

The key is that since then, Li Feiteng will really be more and more distant from Bill Gates, Buffett and others, and the gap is getting bigger and bigger, because people's annual returns are more than 10%, and the total rate of return is very high and stable.

When Warren Buffett was most profitable, he was able to achieve a yield of 45.9% in a year.

From 1965 to 1984, in 20 years, Buffett grew from $10 million to $40 billion, with a compound rate of return of 22.3%.

Some people also calculated for Li Feiteng.

In 1995, he had 1 million assets.

In 1996, he had 267 million assets and a yield of 26,700%.

In 1997, he had 129,000 assets, with a yield of 483.14%.

In 1998, he had 368,000 assets, with a yield of 285.27%.

In 1999, he had assets of 10,517,000 yuan, with a yield of 285.78%.

In 2000, he had 30,128,000 assets with a yield of 286.46%

And this year, he has become the world's top invisible billionaire with a fortune worth $40 billion.

Li Feiteng, in 6 years, has created a wealth that Warren Buffett has invested for 20 years, and is 14 years ahead in efficiency.

In terms of investment returns, he has been very amazing since 1997, with a stable dìng of about 285%!

What kind of horror concept is this?

Someone calculated, if Li Feiteng can keep it up, by 2005, his fortune will be the first to break one trillion.

Moreover, if this is really the case, next year's Forbes, Li Feiteng will climb to the top, put Bill Gates down, become the new richest man in the world, and may continue to occupy the throne of the world's richest man from 2002.

However, Li Feiteng himself does not believe in the statistics of experts.

In the past six years, the rate of return has indeed been so high, but many of them are empty gloves white wolves, and they don't even have the cost.

The way they calculated it was absolutely incorrect, and in terms of wealth statistics, it was barely okay.

Of course, if you want to talk about the total growth of his wealth, the rate of return is indeed so high.

The key is that even if Li Feiteng is against the sky, he can't always be like this. Make money in the first six years. There are many reasons for this.

Starting this year. In the next few years, his wealth income will basically not increase by more than 200%, and experts say that his wealth may exceed one trillion yuan in 2005.

This is also unlikely, even if Li Feiteng's Google is listed at that time, the increase in his wealth will exceed 100 billion US dollars at most.

Of course, he himself calculated, relying on the opportunity of being reborn for twenty years. How big can the company be, how valuable he can be.

If you are conservative, Li Feiteng thinks that he will not be worth more than a trillion dollars until 2015.

It's just that if you follow the price of Chinese prices in 2015, his trillion dollars is actually the actual value of two or three hundred billion dollars now.

So, trillion dollars, looks scary. But for Li Feiteng personally, fifteen trillions of years. There is really a big difference from the current trillions.

The world's inflation makes the value of the currency very unstable, and in Li Feiteng's case, currency is also an investment, and he will naturally choose the obviously appreciated RMB as the main object of investment.

Only in this way, while expanding and accumulating wealth, Li Feiteng's seemingly skyrocketing worth can stabilize his extremely high rate of return.

In this way, Li Feiteng should all the more promote the operation of foreign exchange reserve management companies, and truly participate the wealth of foreign exchange in the gross national product, so as to realize the role of promoting the Chinese economy.

After completing this change in the general direction, the RMB currency can achieve real reform and change, and no longer follow the footsteps of the US dollar and depreciate and appreciate.

The prosperity and development of China's economy and finance will also give Li Feiteng, as the first foreign-funded businessman in China, a great return on his investment in China.

Li Feiteng smoked a cigarette and said to himself silently: "This matter can't be in a hurry, it needs to be proposed and brewed for a period of time at the financial meeting." ”

After all, the amount of foreign exchange stored is as high as more than $400 billion, which is ten times his personal wealth and six times the value of all the Google Group, including Li Feiteng.

Of course, it is impossible for the country, because Li Feiteng's one mention will immediately change the general direction, which is related to the wealth of millions of people.

……

On Xueyuan Road, on the eighth floor of the business building where Longteng Holding Group is located, in a simple and fashionable office full of modern technology, Li Feiteng and a middle-aged man in his forties sat on the sofa.

There is brewed black tea on the coffee table, and the middle-aged man is Yi Gang, who does not smoke.

Li Feiteng smoked a cigarette, chatting with Yi Gang while puffing out the smoke and flicking the ash of the cigarette into the ashtray.

"Secretary Yi, I also read your "The Monetization Process of China" yesterday, and it is very detailed and insightful. ”

Yi Gang listened to Li Feiteng's words, only then did he see his serious expression, and hurriedly showed a flattered look, and said: "Mr. Li made you laugh, I also objectively wrote some currency history books, which is not a good work." ”

"Look at what you said, it's so humble, I think it's already a great thing to be able to witness history and describe history very clearly, not to mention that you write very objectively, without the slightest bit of personal or other things, which in my opinion, is quite good. ”

Li Feiteng read Yi Gang's financial books very seriously, and he also learned a lot of things, and what he said was not polite.

Financial history books are niche in themselves, and there are very few books that can describe them objectively and fairly.

Social status sometimes does not represent a qiē, Li Feiteng's status is high, he knows very well that his financial knowledge, including financial vision, financial investment strength, is not as good as the current Yi Gang.

"Secretary Yi, that's the case, what do you think of the current foreign exchange in Huaxia?"

Li Feiteng thought about it and threw out this question first.

This question can be regarded as a test for Yi Gang to see if he can say something that surprises Li Feiteng.

Only when he was surprised, then Li Feiteng would try his best to recommend him to serve as the new housekeeper of Huaxia Foreign Exchange, and reveal to him his own vision of foreign exchange management, as well as the operation methods of foreign exchange, the financial opportunities and general direction of the future world to him, step by step, so as to achieve a win-win situation for everyone. (To be continued......)