Chapter 648 Natural Enemy (Please Subscribe!)
November 7th.
on Monday.
Beijing.
Lang Cai and his party arrived at Beijing Airport at 11:15 in the morning.
Since it was not an official state visit, it was just to discuss the RMB loan, so it was not too grand. It was just according to the general reception procedures for foreign guests, and Lang Cai and his party were taken to the living room.
All the collateral information and application materials were communicated to the capital last Friday, so there is no need to discuss further. The capital has already completed the preliminary preparations during the weekend.
Only after Lang Cai agrees to some conditions, the loan will be officially approved. Of course, the specific loan meeting does not require the participation of major leaders. They have a lot of time to deal with it.
So after a polite meeting and taking a photo, I left.
Only people from business, diplomacy, the central bank, and the head offices of the four major banks are left.
The meeting was chaired by Zhu Wei, Governor of the Central Bank.
Responsible for negotiating in the commercial department.
To be honest, Zhu Weilai should not be the presiding officer. After all, the central bank is the RMB note issuing agency, and it does not operate externally and has no right to lend. But this time, since Huaxia Bank wants to obtain a Myanmar bank license.
This will definitely involve the clearing system of the central banks of the two countries.
Then this is the business scope of the central bank, and none of the four major banks can decide.
"President Lang Tsai, once again welcome you to visit Huaxia. We agree in principle to the loan application of RMB 160 billion, but we have a few requirements in terms of details."
"Please speak." Lang Cai said.
"You mentioned the use of RMB loans in the loan purpose, which is mainly used to purchase building materials, machinery, equipment, services, etc. in China. In this regard, we thank you for your trust in Huaxia and the RMB, and thank you for your support to our domestic enterprises. .
You proposed that 40% of the loans will be explicitly using Huaxia's service providers, but we hope to increase to 70%, you also know that we are not only in roads, bridges, railways, airports, terminals , power station and other projects have rich experience.
There are also many high-quality and inexpensive products in automobiles, industrial equipment, heavy machinery, and metal smelting. There are also many possibilities for cooperation in the field of technology. I think 70% is not a high number. "
in the previous email.
The railway, long-span bridge, airport, wharf, hydropower station and other projects planned by Myanmar this time are clearly pointed out that they will be handed over to Huaxia companies, with a total investment of nearly 70 billion yuan, but many other projects have not clearly 'where to go' .
Therefore, there is a condition to increase the ratio this time.
This money is not in RMB and can only be sold domestically in Huaxia, such as construction tenders. Huaxia companies can come, and foreign companies can also come, let alone Myanmar and domestic companies.
Huaxia company won the bid, it is good to say that the money is made, which is generally used for the operation of the enterprise.
However, after companies from other countries win the bid, the money they make may not necessarily be invested in the country. For example, companies in Myanmar will definitely convert the RMB they earn into kyat. Where can they be converted? Of course, it is to find the Central Bank of Myanmar.
What about the Central Bank of Myanmar?
Naturally, the kyat is given to the company, and the RMB earned by the company is collected, and then deposited there as Myanmar's foreign exchange reserve. At a certain point in the future, it will be returned to Huaxia's bank as interest or principal.
for a short period of time.
Can't get into the market at all.
Therefore, it is necessary to increase this ratio. The main purpose is to allow the RMB to enter the Huaxia market and promote economic development, rather than to settle down or be hedged by the trade between the two countries.
Lang Cai tried to keep a smile and said: "This ratio is a bit high, we also have to take into account the employment problem in our country. The 40% ratio was promised before, and I think it is just right to increase it to 45%. At most, we can increase the proportion of Huaxia's industrial equipment in importing other commodities..."
"President Lang Tsai, I also know about employment in Myanmar..."
every point here.
It does not represent hundreds of millions, but the flow of funds of more than one billion.
As long as you fight for one more point, you can create more than one billion investment for the country in disguise, so the competition on this is spared no effort. Fortunately, everyone has a number, and finally the ratio stayed at 59%.
It is also a great joy.
Huaxia has won 59% of the money, which does not mean that Myanmar will lose money. Those who facilitated this loan later do not care. As a result, they are indeed unable to handle many things by themselves, and they must obtain from Huaxia. Buy.
Among them, infrastructure accounts for the bulk of this plan, which is why they are eager to raise the upper limit, because according to the previous scale of 80 billion, although the projects they have obtained are sweet, they are far less big than they are now.
"Secondly, we hope that Myanmar will allow China to open its banks to take photos and allow Hua Xia banks to provide banking services such as deposits, loans, currency exchange, and credit consumption in Myanmar. I think there will be a venue for our loan this time. In a positive sense, we want to apply for four bank licenses in Myanmar to facilitate the normal flow of funds between the two countries..."
"..."
"..."
Near noon.
Negotiations are only a fraction of the time.
After lunch.
Negotiations continue.
As it was getting dark, the terms of the entire loan were finally settled.
First, at least 59 percent of all loans are used to purchase services and goods from Huaxia.
Second, Myanmar issued a banking license to Hua Xia Industrial and Commercial Bank and Hua Xia Construction Bank, allowing the two companies to enter the Myanmar banking industry and carry out general banking business such as deposit, loan and exchange.
Each bank can open no more than two branches in cities above the first level of Myanmar, and no more than five branches in the capital of Myanmar, and cannot settle and accept the US dollar foreign exchange reserves of the Central Bank of Myanmar. The credit card business, which promises to open in three years.
. . . . .
The remaining dozens of articles are mainly about the bidding and other details of some projects.
It can be said.
Lang Cai had already had a headache all morning. Fortunately, he was not the main negotiator, but just needed to make the final decision on some big interests.
The rest is zero-sum negotiation with Huaxia's commercial department.
This time.
The only time that Zero's negotiating ability made Lang Cai happy. Before, they were both beaten by Zero, but they couldn't resist each time. This time, Zero was helping himself. Looking at the bitter face on the other side, Lang Cai felt in a good mood.
And Zero's negotiating ability also left a deep impression on Huaxia.
Overall it was a happy situation.
. . . . . .
night.
Tang Qing watched the minutes of the entire meeting.
The credit card they mentioned intrigued him.
If you want to activate the economy, overdraft consumption becomes inevitable. In the future, an important part of stimulating domestic demand in Myanmar will be the expansion of the loan population and scope, but now Myanmar does not allow foreign banks to carry out credit card business.
However, the Myanmar-Asia Bank Group can do it, but not in other places. At least it can take the lead in the Myanmar-Asia Special Economic Zone, and it can also be used as a test field to prepare for a large number of popularization in the future.
To know.
Credit cards are important cash cows for banks.
in western countries.
Credit cards are what really make money. As for other ordinary loans, it’s just a small amount of money, especially Western banks that have long-term low interest rates, 3%, 2%, or even zero interest rates. fart money.
in New York, USA.
Eighteen percent annual interest is a violation of civil law.
Twenty-five percent of the annual interest violates the criminal law and can be arrested directly.
The interest on credit cards can be as high as 30 to 40 percent, and no one is bound. It can be said that in the United States or Western countries, credit cards are the only legal usury and the biggest source of profit for bankers.
At this moment.
Tang Qing finally understood how cruel and sharp the dispute between Alipay and WeChat, as well as foreign banks, was.
past life.
Alipay and WeChat Pay wanted to enter foreign markets and gain recognition, but they were obstructed by layers. In the end, they had no choice but to let it go. It was strange for Tang Qing to stay in the country.
But this moment.
From the bank's point of view.
These two things are really the same enemy.
Because these two things are robbing the bank's profits, they will definitely be strongly resisted by banks in other countries. It is basically impossible to enter those countries and want to be legal.
For example, Alipay wants to enter the US market.
First, Alipay has to lobby the Supreme Court of the United States to make this change system legal in the United States.
At the same time, it has to lobby 50 states in the United States, persuade the legislatures of each continent, and finally persuade the Federal Reserve to let it relax the supervision of banks, and to revise the Federal Reserve's financial supervision bill.
good guy.
this road.
It is absolutely impossible for a company to leave, and this kind of situation is similar in Western countries. You can’t even get in, because you are challenging the interests of all the local banks, and you are not legally allowed to enter.
To put it bluntly, Alipay and other mobile payment can be successful in China, that is, the domestic banks have not responded, they were caught off guard, and they want to enter foreign countries, especially Western countries, how is that possible.
You won't be given a chance to make a move.
Tang Qing opened a bank.
If there are such two payment methods in the Myanmar-Asia Special Economic Zone, what he can do is very simple, either recruit security into the Myanmar-Asia banking system, or block it, and it is impossible to live in peace.
There is no relationship that can coexist. Huaxia is a vacuum of market rights and laws that appears in a special market segment. With the rise of the trend, except for Huaxia, there is no such opportunity.
Even if the future generations are in the nearest island country, don't look at how popular the news is and how many thousands of registered businesses are there.
It is only used to welcome people who travel in China. The real islanders use less than 1%. This 1% is basically people who have traveled or worked in China. Generally, islanders don't use it at all. .
The seemingly hot data, tens of thousands of registered merchants in the island country, and 1% of the users, are actually meaningless.
The most important one involved is interest.
If you transfer all the funds of retail investors into your own account, the profit of the bank will be gone. If you still want to participate in consumer loans, you are digging the corner of the bank. If you expand the loan business in all industries.
Nothing to say.
The bank will definitely quit, and these two guys are bound to be recruited by the central bank.
therefore.
The scale of these two parties is limited. Waiting for the improvement of relevant laws in China, although these two payment methods will not die, they will eventually be locked in cages and enter a stable development trajectory.
Alipay and WeChat change payment system.
And all banks are almost natural enemies.
They want to take on the world's banking system.
Victory is not hard to guess.