Chapter 648

November 7th.

Monday.

The capital.

Langcai and his party arrived at the Beijing airport at a quarter past ten in the morning.

As it is not a formal state visit, it is only to discuss the RMB loan, so we did not do anything about duolongchong. Just according to the general reception process for foreign visitors, the langcai and his party were received in the reception hall.

All mortgage information and application materials were delivered to the capital on Friday, so there is no need to discuss. The capital has completed the preparatory work on the weekend.

Only after Lang Cai agreed to some conditions, the loan will be officially approved. The specific loan meeting certainly does not need the participation of big leaders. They have every day and every chance. There is no time.

So I left after a polite meeting.

Only business, diplomacy, the central bank and the head office of the four major banks are left.

Zhu Wei, governor of the central bank, presided over the meeting.

The commercial department is responsible for negotiation.

To be honest, it should not be presided over by Zhu Weilai. After all, the central bank is the RMB issuing institution, which does not operate outside and has no right to loan. But this time, since Huaxia bank wants to obtain the bank license of Myanmar.

This will certainly involve the clearing systems of the central banks of both countries.

That's the business scope of the central bank. None of the four major banks can decide.

"President lancai, welcome to visit China again. We agree in principle to the loan application of RMB 160 billion, but we have several requirements in terms of details."

"Please." Said longcai.

"In the purpose of the loan, you mentioned the use of RMB loan, which is mainly used to purchase construction materials, machinery, equipment, services, etc. in China. For this, we thank you for your trust in China and RMB, and for your support to our domestic enterprises.

You put forward that 40% of the loans will explicitly use the service providers in China, but we hope to increase it to 70%. You know, we have rich experience in highway, bridge, railway, airport, wharf, power station and other projects.

There are also many products of high quality and low price in automobile, industrial equipment, heavy machinery and metal smelting, and there are many possibilities for cooperation in the field of technology. I think 70% is not a high figure. "

In the previous email.

Myanmar's planned railway, long-span bridge, airport, wharf, hydropower station and other projects are clearly pointed out to be handed over to Huaxia's company, with a total investment of nearly 70 billion yuan, but many other projects do not have a clear "destination".

That's why we have the conditions to increase the proportion this time.

The money is not RMB, but can only be sold in China. For example, for construction bidding, Chinese companies can come, foreign companies can come, and Myanmar's domestic companies have nothing to say.

Huaxia company wins the bid and says that it makes money, which is generally used for business operation.

But when companies from other countries win the bid, the money they earn may not necessarily be invested in China. For example, companies in Myanmar will certainly convert their RMB into kyat if they earn money. Where can they do it? To the Central Bank of Myanmar, of course.

What about the Central Bank of Myanmar?

Naturally, Myanmar dollar will be given to the company, and the RMB earned by the company will be collected. Then, it will be used as Myanmar's foreign exchange reserve and deposited there. At a certain time in the future, it will be returned to the Bank of China as interest or principal.

In a short time.

It's not going to flow into the market at all.

Therefore, it is necessary to increase this proportion, the main purpose of which is to let the RMB enter the Chinese market and promote economic development, rather than settling down or being washed away by trade between the two countries.

Lang Cai tried to keep smiling and said: "this proportion is a little high. We should also take into account the employment problem in our country. The proportion of 40% was promised before, and it was raised to 45%. I think it's just right. At most, we can increase the proportion of industrial equipment in China in other goods import."

"President lancai, I also know the employment in Myanmar."

Every point in this.

What it represents is not a few billion, but a billion or so of capital flows.

As long as we strive for one more point, we can create more than one billion yuan of investment in China in disguise. Therefore, we will spare no effort to fight for it. Fortunately, we all have a number. At last, the proportion stays at 59%.

It's a joy for all.

The fact that Huaxia has won 59% of the money does not mean Myanmar will lose money. Those who facilitate the loan later don't care. As a result, many things are uncertain and must be purchased from Huaxia.

Infrastructure construction takes the lead in this plan, which is why they are eager to raise the upper limit, because according to the previous scale of 80 billion, the projects they get are not as big as they are now, although they are sweet.

"Second, we hope Myanmar will open its bank access to China to take photos and allow Chinese banks to engage in deposit, loan, currency exchange, credit consumption and other banking services in Myanmar. I think this loan will have a positive significance for us. We want to apply for four bank licenses of Myanmar to promote the normal flow of funds between the two countries."

“。。。。。”

“。。。。”

Near noon.

Only a small part of the negotiations took place.

After lunch.

Negotiations continued.

As it was getting dark, the terms of the loan were finally settled.

First, at least 59% of all loans will be used to purchase services and goods of China.

Second, Myanmar issued a bank license to Huaxia Industrial and commercial bank and Huaxia Construction Bank respectively, allowing two enterprises to enter Myanmar banking industry and carry out general banking business such as deposit, loan and cash.

Each bank can set up no more than two branches in cities above the first level in Myanmar, no more than five branches in the capital of Myanmar, and cannot settle and accept with the USD foreign exchange reserve of the Central Bank of Myanmar. As for credit card business, it is promised to open in three years.

。。。。。

The remaining dozens mainly deal with the bidding and other details of some projects.

It can be said.

Lang Cai had a headache in the morning. Fortunately, he was not the main negotiator, but needed to make a final decision on some big interests.

All that's left is the negotiation between zero and Huaxia business department.

This one.

Zero's negotiation ability is the only time for Lang CAI to be very happy. Before, they were all accepted by zero, but this time zero helped themselves. Looking at the bitter melon face opposite, Lang Cai felt very happy.

And the zero negotiation ability also left a deep impression on the Chinese side.

Generally speaking, it is a happy situation.

。。。。。。

At night.

Tang Qing watched the minutes of the whole meeting.

The credit card they mentioned made him interested.

In order to activate the economy, overdraft consumption will become inevitable. An important part of the stimulation of Myanmar's domestic demand in the future is the expansion of the loan population and scope, but now Myanmar does not allow foreign banks to carry out credit card business.

But the Bank of Myanmar Asia group can do it, not elsewhere. At least it can take the lead in 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.

You know.

Credit card is an important cash cow for banks.

In the West.

Credit card is the real thing to make money. As for other ordinary loans, it's only a small way. Especially, Western banks that have long implemented low interest rates, with annual interest rates of 3%, 2%, or even zero, can make a fart.

In New York, USA.

Eighteen percent of the annual interest is against the civil law.

25% of the annual interest violates the criminal law and can be arrested directly.

And the interest rate of credit card can be as high as 30-40%. There is no restriction. It can be said that in the United States or western countries, credit card is the only legitimate usury and the biggest source of profit for bankers.

At this time.

Tang Qing finally realized the cruelty and sharpness of the dispute between Alipay and WeChat and the interests of foreign banks.

Previous life.

Alipay and WeChat settle a matter by leaving it unsettled, but they are being blocked by the market. They have been trapped in the country and Tang Qing has been surprised.

But this moment.

From the perspective of bank interests.

These two things are really the same enemies.

Because these two things are robbing the bank's profits, they are bound to be strongly resisted by the banks of other countries. There is little chance that they want to enter those countries and want to be legal.

, for example, Alipay wants to enter the US market.

first, Alipay is going to lobby the Supreme Court of the United States to make this change system legal in the United States.

At the same time, we have to lobby the 50 states of the United States, persuade the legislatures of each state, and finally persuade the Federal Reserve to relax its supervision of banks, and modify the Federal Reserve's financial regulation act.

Good guy.

This road.

By no means a company can go, and this situation is almost the same in western countries. You can't go in, because you are challenging the interests of all the local banks, and you won't be allowed to go in legally.

said, mobile phone payment in Alipay can be successful in China. It is the domestic banks have not yet responded, be taken by surprise, and want to enter foreign countries, especially in the western countries, how can it be possible.

You're not going to get a chance.

Tang Qing opened a bank.

If there are such two payment methods in the special economic zone of Myanmar and Asia, what he can do is very simple. He can either recruit into the bank system of Myanmar and Asia, or block out, and never get along with each other peacefully.

There is no relationship that can coexist. Huaxia is a vacuum of market rights and laws in a special market segment. It is rising with the trend. Except Huaxia, there is no such opportunity.

Even if the future generations in the nearby island country, regardless of how hot the news said, how many registered businesses.

That's just for the people who welcome the Chinese tourists. The real islanders use less than one percent, which is basically the ones who have visited or worked in China. Generally, the islanders don't use it at all.

That kind of seemingly hot data, tens of thousands of island registered businesses, one percent of the number of users, is actually meaningless.

The most important one is interest.

If you transfer the funds of retail investors to your own account, the bank's profits will be gone. If you want to participate in consumer loans, you are digging the corner of the bank. If you want to expand the loan business to all industries.

No way.

The bank must not do it. These two guys are bound to be recruited by the central bank.