Resource Tycoon Reborn

Chapter 69: Uncle, you can immigrate

"Immigrate? Where to go?" Fang Bin was stunned for a long time before saying, but his voice sounded so dry and weak. Although he has been to Hong Kong and knows that the outside world is very prosperous, he has never thought about it.

To immigrate.

"Hong Kong!" Fang Mingyuan has been thinking about this issue for a long time. Although he does not want to immigrate, even to Hong Kong or Macau, otherwise, he would not repeatedly reject Yu Qiuxia's good intentions. But with Huaxia's current situation

Regarding the business environment, some things have to be put in Hong Kong. Not to mention other things, such as the establishment of investment companies and film companies. This is a normal business activity in Hong Kong. There are new investment companies and film companies every year.

Since its establishment, investment companies and film companies have closed down every year. No one will be surprised by this kind of thing, but in China, if you want to establish a company... it is difficult. If you want to close a company... more

Disaster!

What makes Fang Mingyuan even more grateful is that the current foreign exchange policy of the Chinese government is the biggest obstacle to his development plan.

The foreign exchange income generated by domestic enterprises in the process of international trade, except for a few units and enterprises that are allowed to retain foreign exchange, must be turned over to the Central Bank and converted into RMB. When foreign exchange is needed, they must apply to the Central Bank for approval.

This invisibly increases operating costs for the company, and also causes money losses during the exchange process. This is nothing. What is more troublesome is that you cannot exchange foreign exchange through legal channels if you have RMB.

In other words, it can be said to exchange foreign currency in a timely manner. But for a private enterprise to do this, it is even more difficult!

Like Fang Mingyuan, when investing in the United States, if the funds are not remitted from Hong Kong in the future, the amount of foreign exchange reaching nearly 100 million US dollars, the approval procedures alone are enough to drag out anything into a day lily. And to be more precise, 100%

Those in the 70s and 80s may have been busy for half a year, but the result was two words - rejection! If you do overseas business at this speed, you can say that nothing can be done. This is also what Fang Mingyuan, who wants to earn foreign money, cannot do.

tolerated.

Therefore, Fang Mingyuan does not intend to let all of Fan Mingyuan's assets in Japan, the expected income from future oil futures, and the income from future investment in the American film industry enter the country, but intends to keep them in Hong Kong. How much is needed domestically?

Just transfer in as much money as you want. It is not appropriate to leave such a huge amount of money to Yu Qiuxia to manage it entirely, both emotionally and rationally. Moreover, Fang Mingyuan believes that the Fang family really needs to have a back-up, just in case.

.So immigrating to Hong Kong is currently the best solution.

"Hong Kong!" Fang Bin let out a long breath. Fortunately, fortunately, it's not the United States or Japan. Although his listening and speaking skills in Cantonese are not very good, he can still communicate in Hong Kong after all.

It was better than going to a foreign country without a translator. Although he was not yet thirty, he thought that he no longer had the energy to learn a foreign language. Moreover, returning to the mainland from Hong Kong was much more convenient than traveling to a foreign country.

Much. It’s just a few hours flight.

"Mingyuan, why are you in such a hurry? Is there any trouble about what happened in the afternoon?" Mr. Fang said solemnly. They already knew what happened at the airport in the afternoon.

"Grandpa, it has nothing to do with what happened in the afternoon. A deputy director of the Civil Aviation Administration can't do anything to our family!" Fang Mingyuan sneered, "It's just that I feel that if someone in our family immigrated to Hong Kong, when doing business in the future,

It will save me a lot of trouble. Moreover, all the profits generated by my investments in Japan cannot be kept in Japan. This time in Hong Kong, I cooperated with Sister Qiu Xia to establish a film company..."

"Is that Kumho Film Company?" Fang Bin asked excitedly, "That Hong Kong company that co-produced "Terminator 2" with Americans?" They naturally noticed such big news. Fang Bin likes to watch movies.

Naturally, I have seen classic movies like "The Terminator".

"Yes!" Fang Mingyuan nodded, "Our family has 75% of the shares in it, and I invested 70 million US dollars in it." Fang Bin and others opened their mouths in surprise when they heard this, 70 million US dollars.

, converted into RMB, wouldn’t that be more than 300 million yuan? Even if the Fang family has rapidly expanded in Qinxi Province over the years, an investment often amounts to millions or even tens of millions of yuan, but when I think about it,

An investment agreement worth more than 300 million yuan was signed quietly. The psychological impact still left them speechless for a while.

"Grandpa, this amount of money is huge. It is not appropriate to rely entirely on the Guo family and Sister Qiu Xia to help us manage it. And I cannot stay in Hong Kong permanently, so our family must send someone to Hong Kong, even if it is not permanent.

It is necessary to obtain the right of residence in Hong Kong, firstly to facilitate the management of this amount and future overseas income, and secondly, to leave a backup. I thought about it for a long time and felt that my brother-in-law is the most suitable." Fang Mingyuan explained.

"Why do you have to immigrate to Hong Kong? And can Xiao Bin manage such a large amount of money? Don't let him bring trouble to you if he comes back!" Mr. Fang still said worriedly. More than 300 million yuan, Qinxi Calendering Equipment Factory

Does his total assets have that much? Mr. Fang was not sure. Fang Bin rolled his eyes silently. The old man was very worried about his grandson now, but he was very uneasy about his own son. This kind of differential treatment made

Fang Bin was really speechless.

"Grandpa, it doesn't matter. I won't ignore this investment in the future." Fang Mingyuan took the old man's hand and said softly. It can be said that his grandfather has always supported him unconditionally. If it weren't for his support, he would not be able to do anything anymore.

How can I carve out my own world like this?

"Mingyuan, do you want to avoid our country's foreign exchange system? Don't want to hand over the foreign exchange in your hands to the central bank?" Second Aunt Fang Yan, who was sitting aside, suddenly asked.

Fang Mingyuan couldn't help but turned his head in surprise. This was really something that a scholar would look upon with admiration after three days! Second aunt Fang Yan had been working in the agency for the past two years, but it was not in vain. She actually saw her purpose at a glance.

Seeing Fang Mingyuan's slightly surprised look, everyone present naturally knew that Fang Yan had obviously hit the key to the problem.

"Mingyuan, isn't this bad?" Mr. Fang hesitated for a moment and asked in a low voice. It can be said that he has dedicated most of his good life to the country, so it is difficult for him to approve of Fang Mingyuan's behavior.

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

Fang Mingyuan remembered very clearly 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 issue that people pay most attention to when discussing international reserve policies and operations. In the past, the economics community has always believed that the more foreign exchange reserves, the more foreign exchange reserves.

The more foreign exchange wealth represents a country or region, the stronger the country's national strength, the stronger its economic and political status in the world, and the greater its voice in international affairs; the status of the local currency in the world will continue to improve.

It can further enhance the national pride of the people; it can further ensure financial security and stability. It will also be more able to withstand the impact of international speculative capital. Moreover, because the country is a developing country and has been subject to a long-term shortage of foreign exchange, it pays special attention to foreign exchange reserves.

accumulation, overemphasis on the role of foreign exchange reserves.

But in this world, no matter what good things or systems are, they must be used and implemented in moderation. Is Laoshan Ginseng good? It can save lives in emergencies, and it is the treasure of the Chinese New Year pharmacy! But if

If someone eats half a stick without any trouble, then they are looking for trouble. It can range from feeling unwell to being hospitalized in severe cases.

For another example, if a surveillance system is installed in banks, shopping malls, government agencies, public places, and on streets large and small, it can ensure the safety of citizens' lives and property, deter criminals, and speed up the detection of crimes.

From this point of view, this is naturally good governance, but if these monitoring facilities are placed in every citizen's home, it will undoubtedly violate the privacy rights of citizens.

It was precisely at this point that countries in previous lives made the mistake of placing too much emphasis on foreign exchange reserves.

Fang Mingyuan remembered that in the previous life, China's foreign exchange reserves in 1999 were more than 160 billion U.S. dollars, but by 2008, the foreign exchange reserves had risen to more than 1530 billion U.S. dollars, surpassing Japan.

Nearly doubled, becoming the country with the largest foreign exchange reserves in the world. By the time of his death, China's foreign exchange reserves had exceeded US$2 trillion, exceeding the combined foreign exchange reserves of the world's seven major industrial countries. According to the exchange rate at the time,

This amount of money is equivalent to nearly 14 trillion yuan.

Since foreign exchange is held uniformly by the state, the central bank has to put a large amount of domestic currency into the market in order to recover the excess foreign exchange in the market. This effect will cause the money supply to double through the currency multiplier.

Foreign exchange reserves have become an uncertain factor in the country's monetary policy. This "excess" money is running around in the country. In some cases, it stirs up mung beans and garlic, causing the prices of certain commodities to soar in the short term; in worst cases, it drives up the stock market.

The property market has caused asset price bubbles and laid hidden dangers for the economy. Moreover, huge foreign exchange reserves have become the best excuse for other countries to pressure the appreciation of the RMB. When Fang Mingyuan died in his previous life, the dilemma of external appreciation of the RMB and internal depreciation was already

It's quite obvious.

And no matter what the source of foreign exchange reserves, the increase in the central bank's foreign exchange assets also corresponds to an equal increase in liabilities. In order to purchase foreign exchange, the central bank must issue more base currency or central bank bills to offset part of the base currency issuance. It can be said that these are

It is a liability of the central bank. Therefore, on the balance sheet of the central bank, foreign exchange reserves are external assets, but at the same time they are liabilities internally. Foreign exchange reserves are not an income of the central bank, or an asset formed by the merger of the central bank and the Ministry of Finance.

In the balance sheet, foreign exchange reserves are not government fiscal funds. They cannot be spent casually or transferred for free. Instead, they need to be used as assets. However, many leaders are not aware of this and regard foreign exchange reserves as

As national assets, they can be spent at will or even allocated free of charge.

Of course, it was impossible for Fang Mingyuan to explain all these things to them so thoroughly. He only selected the important parts and explained them to everyone. But even so, it still took a long time before everyone seemed to understand the location.

nodded.

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

“Accumulating sufficient foreign exchange reserves is indeed very convenient in resisting the impact of international speculative capital, but trying to completely resist the impact of international speculative capital by accumulating excessive foreign exchange reserves ignores the development of the real economy and the supervision of the financial system.

, on the contrary, it will be counterproductive. Most of the foreign exchange transactions are speculative capital for the purpose of profit. No matter how large the scale of an economy’s foreign exchange reserves is, it is still insignificant compared to the speculative capital in the foreign exchange market. Moreover, the international

Speculative capital makes huge profits through speculation by taking advantage of loopholes and flaws in the economic and financial systems of the speculating countries and launching surprise attacks, rather than by betting on foreign exchange funds. Of course, there is no harm in having more foreign exchange reserves on hand, but

If it is too much, it will become a burden." Fang Mingyuan said firmly.

"That's it, that's it!" Although the old man was a little confused, he also understood the core meaning of Fang Mingyuan. Nowadays, the Fang family's foreign assets are no longer a small number, and overseas transactions require sufficient foreign exchange funds that can be used at any time.

If they are taken back to the country, they will only be forcibly confiscated by the state, which will cause serious obstacles to the development of the Fang family's industry. Although Fang Mingyuan left this part of the funds in Hong Kong, although it is a bit unacceptable from a rational point of view

, but legally speaking, it is not illegal.

It can be said that the current overseas properties of the Fang family are basically Fang Mingyuan's personal assets. The old man knows that this is not illegal, and since 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 according to the rules, it is absolutely impossible. If Fang Mingyuan had not happened to get acquainted with the Su family and the Guo family, I am afraid that the Fang family would still be struggling in Pingchuan County at this time and it would be difficult to find its way out.

Without Fang Mingyuan's management over the years, the Fang family's current good situation would not be possible. Since Fang Mingyuan believes that Fang Bin's immigration to Hong Kong will be more beneficial to the Fang family's future, the old man will naturally not object. So this matter, even if it is

It's settled.

"Mingyuan, where did you get so much money? Did Japan make huge profits last year? Or are you going to use the loan this time?" Fang Bin asked with a frown. Who in the Fang family knows the latest news best?

In terms of assets, besides Fang Mingyuan, Fang Bin had to be the one. But he calculated over and over again and couldn't figure out where Fang Mingyuan's investment of 70 million US dollars came from. If it was planned to be drawn from domestic industries,

, which is undoubtedly a blow to the rapidly developing Fangjia industry - now in Qinxi Province, whether it is the Fangjia restaurant, Carrefour supermarket, or the tourism industry in Lishan Mountains, the development momentum is quite strong.

Good, we need to further increase investment!

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

"It's all done. I applied to the Qinxi Branch of the Bank of Communications. All the money was received the day before yesterday. I'm just waiting for you to come back." A trace of nervousness appeared on Fang Bin's face. This time, except for the Fang family, the loan

Apart from the fact that the restaurant has not been mortgaged, it can be said that all the other properties of the Fang family in Qinxi Province have been used for mortgage loans. It is not an exaggeration to call it a sinking boat. The problem is that Fang Mingyuan has no idea why he has to use such a large amount of money.

Without mentioning a word, if his brilliant achievements in the past had not continuously given the rest of the Fang family strong confidence, this matter would never have been possible.

Fang Mingyuan nodded. This time, it can be said that a historical issue of the Bank of Communications was used to successfully accomplish this matter. Although the Bank of Communications was canceled that year, its domestic assets and personnel were merged into the local people's

Bank and China Construction Bank, which was established on the basis of Bank of Communications, but its branch in Hong Kong has been retained. With the reconstruction of Bank of Communications, the Hong Kong branch of Bank of Communications naturally belongs to Bank of Communications.

As early as half a year ago, Fang Mingyuan and Gu Yucheng had reached an agreement on this matter. Fang Mingyuan's loan from the Bank of Communications in Qinxi Province could be directly deposited into the designated account of the Bank of Communications. At the same time, the Bank of Communications branch in Hong Kong,

Hong Kong dollars of equivalent value will be allocated for Fang Mingyuan's use, thus avoiding the cumbersome exchange procedures. In this way, the funds that Fang Mingyuan has prepared for the Petroleum Futures Exchange are almost in place. Although Aso Xiangyue still has a little

But with Japan's loan and foreign exchange system, that is not a problem. All that is needed now is to wait! Waiting for the moment when the roar of artillery in the Gulf starts again.