Chapter 375 Foreign Exchange Control
Although the matter of buying the farm was officially confirmed at the family meeting, the matter was not as simple as Wang Yong imagined. In his previous life, he was a pure otaku, and he had never been exposed to this kind of thing, and he didn't understand the problems at all.
First of all, a question of money stumped him!
"What's wrong with the money? Didn't my mom say there was 100 million? If that's not enough, why don't you just find a smaller farm? β
On the phone, Wang Yong said this to his uncle who was abroad. He really didn't understand how a shrewd-looking uncle could make such a low-level mistake.
"It's not what you think!"
Wang Hu on the other end of the phone began to explain to Wang Yong, or popularized the knowledge of international trade.
"What your mother has prepared is the people's currency, and people abroad don't recognize our country's money, you must use international currency, and make it clear what people want!"
Hearing this, Wang Yong slapped his head as if he had just woken up from a dream. Isn't it? At most, the people's currency can be used in the vicinity of China, but in real international transactions, it still has to use US dollars or gold.
"Why don't you just transfer to a bank and exchange it?"
"How do you turn around? Don't you know how strict our country's foreign exchange control is? Do you want that bank to exchange so much foreign currency for you at once? β
Wang Yong started to have a headache, too! Although the economy of such a country has begun to grow, it still attaches great importance to foreign exchange reserves. Even state-owned enterprises that want to have some foreign exchange quota require grandpa to sue grandma, not to mention collective small enterprises like them that their father doesn't hurt and their mother doesn't love.
"What then?"
Wang Yong didn't know what to do, he hadn't encountered this kind of thing? Even if you have memories of the future in your head, you haven't experienced such a thing, have you? With such a large amount, you can't go directly to the Bank of China for exchange, right?
"Let's ask someone, I can't help it, I already have a few goals here. In the next few days, you will find someone to convert the money into dollars, and I will go to the field to inspect those farms. β
Frowning and hanging up the phone, Wang Yong racked his brains and began to think about what to do? To be honest, 100 million people's coins sounds like a lot, but when converted into dollars, it's just 10 million nods.
Compared with the country's foreign exchange reserves, it is simply a drop in the bucket. It's just that Wang Yong has no way? He didn't know who to turn to for this? After thinking about it for a long time, Wang Yong felt that this matter hurt the bank's professionals to consult and see what advice they could have.
With full apprehension, Wang Yong ran to the house and went out with two bottles of good wine. I walked a few dozen meters to the main road in the village, and ran to the south to pass.
Speaking of people in the bank, Wang Yong is most familiar with his uncle Wang Qing. This one did it here when the township credit union was first established, and after so many years, at least he knows more about the Tao than Wang Yong, right?
Wang Yong came quite coincidentally, because his old mother was hospitalized, Wang Qing took several days off before, and he has been watching work during this time. I haven't taken a vacation for half a month. It just so happened that I didn't have anything to do at home today, so my nephew came over with a wine bottle.
"Yo! Why did you kid remember to give your uncle wine today? Is there something to ask me for? Let's talk about it first, take the wine back, and we have to talk about whether we can help or not! β
Wang Yong entered. was looked at by Wang Qing as a big eight. Wang Yong, this kid is not usually a master who likes to hang out, and he can stay up for a long time sitting in the yard thinking about nothing by himself. is a natural lazy person, he doesn't believe that this kid will come to see him if he is fine?
"Uh, that's what happened!"
Wang Yong has been cheeky and has really practiced a little thicker over the years. Of course, he thought that it was all because of the fact that those who were close to Zhu were red and those who were close to ink were black. Liu Bin is such a cheeky guy who surrounds him every day and has been nurtured for a long time. I have practiced a little bit myself.
At the moment, he didn't mean to hide it, and he told the uncle clearly about the problems he encountered. Then he put down the two bottles of wine and sat on the edge of the kang and looked at the wide-eyed uncle.
After a minute, Wang Qing came back to his senses, looked Wang Yong up and down, and his heart was a little hairy, so he quickly lowered his head and looked at himself carefully.
The library door is closed very well! Isn't it wrong to fasten your clothes? Well, the shoelaces are fine, nothing wrong? How does the uncle look at himself like a monster, which makes people's hearts hairy?
"Hey! Uncle used to know that your family was rich, but I didn't expect you to be rich to such a point! Tsk, good guy, you can take out 100 million and run to foreign enclosures! β
"Huh?" Wang Yong raised his eyebrows and looked up at his uncle in surprise.
"Yes, yes! Give us the face of the old Wang's family! Glory for our village! It has set a good example for our 600 million farmers across the country! β
When Wang Yong heard the uncle's official words, he pursed his lips unabashedly. The official is not big, listen, listen, it's the old Wang's family, it's the village, and it's the farmers of the whole country, at most you can represent the old Wang's family, okay?
"What's that look on your face? Believe it or not, I'll pump you! β
was despised by his nephew with white eyes, and Wang Qing couldn't hold it on his face. Although he knew that he had studied the general secretary's speech and held a lot of meetings these days, this official clichΓ© always came uncontrollably, but he was so blatantly despised by a junior, of course he was unwilling.
Seeing Wang Yong, who was stared at by himself with his head dripping and not speaking, Wang Qing thought in his heart that this nephew was still saved, at least he was still a good boy who could obey his discipline.
Immediately, he did not embarrass Wang Yong, but explained to him our country's financial policy from several aspects. In particular, the content of international settlement in the foreign trade of enterprises is emphatically explained.
In '96, China implemented the new "Regulations on Foreign Exchange Control," which was a partial foreign exchange control policy. Generally speaking, there are three main types of foreign exchange management systems in various countries:
The first is the strict control of foreign exchange, that is, the control of all economic transactions. Countries that implement this kind of foreign exchange control are usually relatively backward in their economies, lack of foreign exchange, and underdeveloped market mechanisms, because they try to centralize the distribution and use of foreign exchange through foreign exchange control, so as to maintain the exchange rate, ensure the balance of payments, and maintain the economic development of the affected countries.
The second is the partial type of foreign exchange control implemented by China, that is, there are no restrictions on foreign exchange transactions under the current account in principle, but certain restrictions are imposed on foreign exchange transactions with the capital account.
This house popularizes the concept of two nouns, the current account and the capital account. As the name suggests, the current account is the items that often occur in the balance of payments, such as import and export trade, labor balance, and unilateral transfers such as remittances, gratuitous aid and donations.
The capital account refers to the exchange of capital, such as direct investment, loans from financial organizations, securities investment, etc.
The third way is completely free foreign exchange control, that is, there are no restrictions on foreign exchange transactions, and foreign exchange can be freely convertible, free circulation, and free entry and exit transit. For example, the United States, the United Kingdom, Singapore, Switzerland, and the Middle East's oil exporting countries Saudi Arabia, Kuwait and other countries are all practicing free foreign exchange management.
Wang Yong's family wants to buy farms abroad, which belongs to the category of direct investment and capital account, and they are not so free in foreign exchange and must be supervised by relevant departments.
First of all, as long as all economic transactions between Chinese residents and non-Chinese residents occur, they should be reported to the State Administration of Foreign Exchange.
"So, you first find someone to declare this matter and explain the situation, generally speaking, there are certain restrictions on this kind of foreign investment in countries. But you're familiar, you have a hard relationship, and it's not a matter of finding a good person. β
I was confused, and I didn't know that the so-called Wang Yong only understood at this time. Just this last sentence made his originally hanging heart completely put into his stomach.
In fact, he has now figured it out, think about those large enterprises that have branches or various investments abroad, if the country really does not allow it, how can these rich landlords go to foreign countries to invest and immigrate?
Farms, ranches, breeding farms, wine estates and the like, and even more so go abroad to buy companies that were once famous and incomparably high. Of course, that will be after the new century. Although there are some now, it has not yet reached the level where the whole world will open its arms and welcome Chinese tyrants in later generations.
Since the uncle, an old banker, said that this matter is easy to do, then it must not be difficult to do. As for finding someone, Wang Yong didn't even think about it, so he took out his mobile phone directly and called his cheap uncle.
When it comes to talking about things, people are quite encouraging them, saying that it's better to go out and have a look. At present, the state is also encouraging capable private entrepreneurs to go out and have a look, familiarize themselves with and adapt themselves to international competition in advance, and prepare for our country's accession to the WTO.
Wang Yong, who let go of his worries, immediately picked up two bottles of wine and was about to leave, everything was done, why don't you leave and stay here? If the brothers and sisters of the uncle's family are here, they can still talk to the uncle? Forget it.
"Hey! I said, what are you doing? Why do you still bring this? Aren't those two bottles for me? What's the matter that when it's done, you don't admit it? β
Wang Qingke is in a hurry! That's a long time ago, that's a special supply of two bottles! This thing is not a big road product that can be bought at will in the market, and ordinary people don't even have a chance to see it!
If you send a bottle when you ask someone to do something, no one in Longcheng County will definitely be able to refuse. Thinking that he was about to find a good job for his daughter in the city, he became more and more anxious.
"Didn't you say let me take it back?"
Wang Yong pretended to be puzzled and asked with a deliberate frown. This time Wang Qing was directly angry, and he came up and snatched the two bottles of wine that Wang Yong was carrying, and carefully placed them on the table.
Feeling unsafe, he took it down and put it on the TV cabinet, and then angrily turned around to find Wang Yong to settle the account. This kid is such a bastard, is there such a bastard who amuses his uncle?
But when he turned around and looked for Wang Yong again, where else could he find it? Seeing that the situation was not good, Wang Yong had already disappeared with a girl. At this time, I am still waiting here, and I am missing my heart. (To be continued.) )