Chapter 69 Uncle, you emigrate

"Immigration? Where to go? Fang Bin was dumbfounded for a long time before he said, but his voice seemed so dry and weak. Growing up so big, although he has also been to Hong Kong, and knows that Shijie outside is very prosperous, he has never thought of immigrating.

"Hong Kong!" Fang Mingyuan has been thinking about this issue for a long, long time. Although he said that he didn't want to emigrate, even if it was to Hong Kong and Macau, otherwise, he would not have repeatedly rejected Yu Qiuxuan's kindness. But with the current business environment in China, some things have to be put in Hong Kong. If nothing else, like setting up investment companies and film companies, in Hong Kong, this is a normal business activity, every year there are new investment companies and film companies established, every year there are investment companies and film companies going out of business, no one will be surprised by this kind of thing, but in China, you want to establish a company...... It's hard that you want to close a company...... It's harder!

And what makes Fang Mingyuan even more grateful is that the current foreign exchange policy of Huaxia - government - is the biggest obstacle to his development.

The foreign exchange income generated by domestic enterprises in the course of international trade, except for a small number of units and enterprises that are allowed to retain foreign exchange, must be handed over to the central bank and exchanged for renminbi, and when foreign exchange is needed, it will apply to the central bank for foreign exchange approval. This has virtually increased the operating costs of the enterprise, and also caused the loss of money in the exchange process. This is nothing, and what is more troublesome is that you can not exchange foreign exchange from legal channels if you have RMB, or exchange foreign exchange in a timely manner. And a private enterprise, if you want to do this, it is even more difficult!

Like Fang Mingyuan, if it weren't for the fact that the funds would be remitted from Hong Kong in the future, as much as nearly 100 million US dollars in foreign exchange, the approval procedures alone would be enough to drag everything into a daylily. And to be more precise, seventy or eighty percent of them may be busy for half a year, but the result is a two-word refusal! At this rate, it can be said that nothing can be accomplished by doing overseas business. This is also something that Fang Mingyuan, who is bent on earning foreign banknotes, cannot tolerate.

Therefore, Fang Mingyuan's assets in Japan, as well as the expected income from future oil futures, and the income from future investment in the film industry in the United States, Fang Mingyuan does not plan to let them enter the country in their entirety, but intends to keep them in Hong Kong, and transfer as much as the country needs. Such a huge amount of money was handed over to Yu Qiuxuan for management, which was not very suitable in terms of reason and reason, and Fang Mingyuan thought that the Fang family really needed to keep a back hand, just in case. Therefore, the immigration of family members to Hong Kong is currently the most haode disposal method.

"Hong Kong!" Fang Bin breathed a sigh of relief, it's okay, it's okay, it's not the United States, Japan or the like, although he doesn't have much ability to listen to and hear Cantonese, but in Hong Kong, after all, he can still communicate, it's better than going to a foreign country and not being able to go out without a translator. Although he was not yet thirty, he thought he had no energy to learn a foreign language anymore. Moreover, it is much more convenient for Hong Kong to return to the mainland than for foreign countries. It's just a few hours of airplanes.

"Mingyuan, weishenme is in such a hurry? Is there any trouble in the afternoon? Old Man Fang said in a deep voice. What happened at the airport in the afternoon, they already knew.

"Grandpa, it has nothing to do with the afternoon's events, a deputy director of the Civil Aviation Administration, can't do anything about our family!" Fang Mingyuan sneered, "It's just that I think that some of our family immigrants to Hong Kong, and when they do business in the future, they can also have less trouble." And the profits generated from my investments in Japan cannot all remain in Japan. This time in Hong Kong, I cooperated with Sister Qiu Xuan to set up a film company......"

"Is that the Kumho Film Company?" Fang Bin asked excitedly, "The Hong Kong company that co-produced "Terminator 2" with the Americans? "Such a big news, they naturally noticed it. Fang Bin likes to watch movies, and he has naturally seen classic movies like "The Terminator".

"Yes!" Fang Mingyuan nodded, "Our family has seventy-five percent of the shares in it, and I invested seventy million US dollars in it." Fang Bin and the others opened their mouths in surprise when they heard this, 70 million US dollars, converted into RMB, wouldn't it be more than 300 million yuan? Even if the Fang family has expanded rapidly in Qinxi Province over the years, often investing millions or even tens of millions of yuan, but when they thought that an investment agreement of more than 300 million yuan was quietly signed, the psychological impact still made them speechless for a while.

"Grandpa, this amount of money is huge, and it is not appropriate to rely on the Guo family and Sister Qiu Xuan to help us manage it, and I can't stay in Hong Kong for a long time, so our family must also send someone to Hong Kong, even if it is not a permanent residence, we must also obtain the right to be a resident of Hong Kong, first, to facilitate the management of this amount and overseas income in the future, and secondly, it can be regarded as a backhand. I thought about it for a long time, and I felt that Uncle was the most suitable. Fang Mingyuan explained.

"Weishenme must immigrate to Hong Kong, and Xiaobin can manage such a large amount of money? Don't let him turn back and do you a scourge! Old Man Fang was still uneasy. More than 300 million yuan, is there so much total assets of Qinxi Rolling Equipment Factory? Old Man Fang wasn't sure. Fang Bin rolled his eyes wordlessly, the old man is now relieved of his grandson, but he is very uneasy about his son. This kind of differential treatment made Fang Bin really speechless.

"Grandpa, it's okay, it's not like I'm not going to ignore this investment in the future." Fang Mingyuan took the old man's hand and said softly. Grandpa can be said to have always been unconditional support for himself, if it weren't for grandpa's support, how could he break out of his own world like now.

"Mingyuan, do you want to avoid my country's foreign exchange system? Don't want to hand over your foreign exchange to the central bank? The second aunt Fang Yan, who was sitting on the side, suddenly asked.

Fang Mingyuan couldn't help but turn his head in surprise, this was really three days away, and he should be impressed! In the past two years, the second aunt Fang Yan has been messing around, but she hasn't messed up in vain, and she can see her goal at a glance.

Seeing Fang Mingyuan's slightly surprised gaze, everyone present naturally knew that Fang Yan had obviously hit the crux of the matter.

"Mingyuan, isn't this okay?" Old Man Fang hesitated for a moment and asked in a low voice. He can say that most of his life has been dedicated to the country, so it is difficult to approve of Fang Mingyuan's behavior.

Looking at the old man's somewhat frightened and dissatisfied eyes, Fang Mingyuan sighed lightly, patted his grandfather's hand and said, "Grandpa, listen to me......"

Fang Mingyuan remembers very well some changes in the national foreign exchange reserve system in his previous life.

Generally speaking, foreign exchange reserves account for the largest proportion of a country's international reserves, so it has always been the most concerned issue when discussing the policy and operation of international reserves. In the economic circles in the previous life, it has always been believed that the more foreign exchange reserves and the more foreign exchange wealth representing a country or region, the stronger the country's national strength, the stronger its economic and political status in the world, and the greater the right to speak in international affairs. The status of the local currency in the international arena will be continuously improved, and the national pride of the people will be enhanced; It can further ensure financial security and stability. Moreover, because the country is a developing country and has been constrained by the shortage of foreign exchange for a long time, it pays special attention to the accumulation of foreign exchange reserves and attaches too much importance to the role of foreign exchange reserves.

But on this shijie, no matter what good things and good systems are, they must be used and implemented in moderation. Is old ginseng good? That's a life-saving thing in an emergency, and it's the treasure of the town store in the New Year-medicine-shop! But if no one eats half a stick, it means that there is nothing to do, and at least they will be unwell, and they will have to be admitted to the hospital.

For example, if the monitoring system is placed in banks, shopping malls, government-agencies, public places, and large and small streets, it can ensure the safety of people's lives and property, deter those lawbreakers, and speed up the speed of solving cases.

And it is precisely at this point that the country in the previous life made the mistake of placing too much emphasis on foreign exchange reserves.

Fang Mingyuan remembered that in his previous life, China's foreign exchange reserves in 1999 were more than $160 billion, but in 2008, their foreign exchange reserves rose to more than $1.53 trillion, nearly double that of Japan, making it the country with the largest foreign exchange reserves. By the time of his death, Huaxia's foreign exchange reserves had exceeded $2 trillion, more than the combined size of the foreign exchange reserves of the seven major industrial countries. According to the exchange rate at the time, this amount of money was equivalent to nearly 14 trillion yuan.

In order to recover excess foreign exchange in the market, the central bank has to put a large amount of domestic currency into the market, and this effect will cause the money supply to multiply through the money multiplier. As a result, foreign exchange appropriation has become an uncertain factor in the country's monetary policy. This "superfluous" money is running around the country, stir-frying mung beans and garlic, causing the prices of some commodities to soar in the short term; In the worst case, it will pull up the stock market and the property market, causing asset price bubbles and laying hidden dangers for the economy. Moreover, the huge foreign exchange reserves have also become the best excuse for other countries to pressure the appreciation of the renminbi. At the time of Fang Mingyuan's death in his previous life, the dilemma of external appreciation and internal depreciation of the renminbi was already quite obvious.

Moreover, regardless of the source of foreign exchange reserves, the increase in foreign exchange assets of the central bank corresponds to an increase in liabilities by the same amount. In order to buy foreign exchange, the central bank must issue more base currency or central bank bills to hedge part of the base currency issuance, which can be said to be the central bank's liabilities. Therefore, on the balance sheet of the central bank, foreign exchange reserves are assets externally, but at the same time they are liabilities internally. Foreign exchange reserves are not an income of the central bank, or in the balance sheet formed by the merger of the central bank and the Ministry of Finance, foreign exchange reserves are not government-finance-fund, and foreign exchange reserves cannot be spent casually or transferred free of charge, but need to be used as assets. However, many leaders are unaware of this, and regard foreign exchange reserves as national assets, spending them at will, or even transferring them free of charge.

Of course, it was impossible for Fang Mingyuan to explain all of them so thoroughly, and he just picked out the important part and explained it to everyone, but even so, it still took a long time to make everyone nod their heads as if they didn't understand.

"Mingyuan, so can accumulating sufficient foreign exchange reserves better resist the impact of international speculative capital?" Fang Yan asked.

"Accumulating sufficient foreign exchange reserves is indeed a great convenience in resisting the impact of international speculative capital, but it will be counterproductive to completely resist the impact of international speculative capital by accumulating too many foreign exchange reserves, while ignoring the development of the real economy and the supervision of the financial system. In foreign exchange trading, most of them are speculative-sex-capital for the purpose of profit-seeking sex. No matter how large an economy's foreign exchange reserves are, they are still insignificant compared to speculative capital in the foreign exchange market. Moreover, what international speculative capital obtains through speculation is to take advantage of the loopholes and defects in the economic and financial systems of speculative countries and carry out surprise attacks, rather than gambling with foreign exchange funds. Of course, there is no harm in having more foreign exchange reserves on hand, but if there are too many, it will be a burden. Fang Mingyuan was categorical.

"That's it, that's it!" Although the old man said that he was a little confused, he also understood Fang Mingyuan's central meaning, now the Fang family's foreign assets are no longer a fraction, and overseas transactions require sufficient and ready foreign exchange funds in hand, if they are taken back to the country, they will only be forcibly confiscated by the state, thus causing serious obstacles to the development of the Fang family's industry. And Fang Mingyuan left this part of the funds in Hong Kong, although it is a bit unacceptable from a reasonable point of view, but from a legal point of view, it is not illegal.

The Fang family's overseas industries today can be said to be basically Fang Mingyuan's personal assets, and the old man knows that this is not illegal, and after it is beneficial to the development of the Fang family, he will not say anything more. The old man also understands that in today's China, if you want to do business completely in accordance with the rules, it is absolutely impossible. If it weren't for Fang Mingyuan who happened to get acquainted with the Su family and the Guo family, I'm afraid that the Fang family was still struggling in Pingchuan County at this time.

Without Fang Mingyuan's manipulation over the years, how could there be the Fang family's current good situation, since Fang Mingyuan believes that Fang Bin's immigration to Hong Kong is more beneficial to the future of the Fang family, the old man will naturally not object. So this matter is settled.

"Mingyuan, but where did you get so much money? Did Japan make any big gains last year? Or do you want to use the loan this time? Fang Bin asked with a frown. If there is anyone in the Fang family who knows the latest assets best, then apart from Fang Mingyuan, there are several Fang Bin. But he couldn't figure out where Fang Mingyuan's $70 million investment came from. If it is intended to be transferred from the domestic industry, it is undoubtedly the Fangjia industry that is currently developing rapidly, and now in Qinxi Province, whether it is Fangjia restaurant, Carrefour supermarket, and the tourism industry in the mountainous area, the development momentum is quite good, and it is necessary to further increase investment!

Fang Mingyuan shook his head with a smile and said, "Uncle, the Japanese industry made a good profit last year, but it is still impossible to withdraw 70 million US dollars from there. Uncle, have all the loans I asked you to apply for? ”

"It's all done, I applied to the Qinxi Branch of the Bank of Communications, and all the money has been in place the day before yesterday, just waiting for you to come back." A hint of nervousness appeared on Fang Bin's face. This time the loan, except for the Fang family's restaurant, which was not mortgaged, it can be said that all the other properties of the Fang family in Qinxi Province were used for mortgages, and it is not an exaggeration to call it a ruined boat. The problem was that Fang Mingyuan didn't say a word about him wanting to use such a large amount of money, if it weren't for his brilliant achievements in the past that constantly gave the rest of the Fang family a strong confidence, this matter would not have been able to go on anyway.

Fang Mingyuan nodded, this time it can be said that he took advantage of a historical problem of the Bank of Communications to successfully complete this matter. Although the Bank of Communications was abolished that year, and its assets and personnel in China were merged into the local People's Bank of China and the China Construction Bank, which was established on the basis of the Bank of Communications, respectively, its branches in Hong Kong were retained. With the reconstruction of the Bank of Communications, the Hong Kong branch of the Bank of Communications naturally belonged to the Bank of Communications.

As early as half a year ago, Fang Mingyuan had reached an agreement with Gu Yucheng on this matter, and the money borrowed by Fang Mingyuan in the Bank of Communications in Qinxi Province could be directly deposited into the designated account of the Bank of Communications, and at the same time, the branch of the Bank of Communications in Hong Kong would allocate the equivalent amount of Hong Kong dollars for Fang Mingyuan's use. So as to avoid the cumbersome exchange procedures in the middle. In this way, the funds that Fang Mingyuan had prepared for the oil futures exchange were almost basically in place. Although Aso still has a little tail on his side, with Japan's loan and foreign exchange system, it is not a problem. All that's needed now is waiting! Waiting for the moment when the artillery roar of the bay is heard again.