Chapter 1020 - 1017: Registered US$30 Billion, Opening a Bank!

Yang Xiaohui smiled.

She’d heard that kind of promise way too many times.

In fact, Yang Xiaohui did trust Duanmu Yunji’s guarantee, but there was still Luofeng in the picture, and that was something she couldn’t help.

With Luofeng around, Duanmu Yunji was basically guaranteed to be late, right?

"Go to bed early, let’s stop here for today!" After Yang Xiaohui finished speaking, she said goodbye and hung up the video call.

Once the video call ended.

Duanmu Yunji immediately sent a message in the group.

"Teacher Yang has already hung up the video call! Are you over at Rubing’s place?"

Duanmu Yunji @-mentioned Luofeng.

Luofeng: I’m here!

Luofeng: In that case, I’ll come over?

Luofeng: Rubing was just complaining, saying I’m not being fair to both sides.

Luofeng: Maybe she’s tired, sore mouth and aching waist? (evil grin/)

Qin Rubing: angry/

She was a little embarrassed to speak, and only sent an emoji.

Luofeng: She’s just like you, always egging me on to make trouble with the other one.

Duanmu Yunji: Don’t you dare sow discord! We’re sharing!

Luofeng: ...

These two sisters really did have a great relationship.

Luofeng went back to Duanmu Yunji’s apartment and started seriously petting the cat; after all, he’d said he had to keep things fair, right?

Luofeng had Double talent.

Under such circumstances.

Duanmu Yunji naturally ended up defeated as well.

All the way until one thirty in the morning.

Duanmu Yunji went to look for some mid-laner toothpaste, and only then did Luofeng rest contentedly.

The next day, at nine in the morning, Duanmu Yunji’s alarm clock, as always, might as well not have existed.

It was still Qin Rubing who woke up first and called out to Duanmu Yunji across a Luofeng.

Seeing that it was almost nine o’clock, Duanmu Yunji suddenly felt she was going to wrong Teacher Yang again.

But yesterday Luofeng insisted, and there was nothing she could do.

"Luo the Immortal, can you stop turning off my alarm?" Duanmu Yunji complained.

"Nope, darling, you don’t need extra sleep!" Luofeng said.

Duanmu Yunji really did need more rest.

Her practice time was way too long.

Every day was exhausting!

.......

The last day of the holiday.

A little after 10 in the morning.

Luofeng received a message from the people of Zhongyi Tang.

The finishing work on that matter had been handled.

The staff asked how the printing plates should be delivered to the allies.

After giving instructions, Luofeng immediately contacted Huang Qiyang.

Huang Qiyang: Beautifully done! This matter really lives up to you taking action, otherwise it would’ve been quite tricky!

Luofeng: Just lucky!

Huang Qiyang: Right, right, lucky. Oh yeah, let me tell you something, the license you wanted has already been approved. Once everyone’s officially back to work tomorrow, you can get the corresponding documents!

Luofeng: What about the business scope?

Huang Qiyang: All across Daxia.

Huang Qiyang: As for overseas issues, if you have the ability to get it done and obtain permissions, then of course that’s your own skill!

Luofeng: For now, inside Daxia is enough! Thanks for this!

Huang Qiyang: No need to thank me, looking forward to our cooperation!

Luofeng ended the call with Huang Qiyang.

He immediately opened his backpack.

Inside was a "Talent Team" item card.

It was related to banking.

After Luofeng opened it.

[Ding! The host has obtained former executive director of HSBC Hongkang Island Branch, Bao Yitian! Former Citi actuary, Big Smart! Former JPMorgan accountant, Bobby!]

Luofeng knew.

After using the item card, as long as he put the word out that he was going to build a bank and needed talent, these people would be drawn to him by reputation.

This small team would help Luofeng immediately get a foothold.

Luofeng immediately had the relevant people help him spread the news; the talent should arrive very soon.

Luofeng started sending messages in the Fengshun Investment executive group chat.

"Here’s some good news for everyone, I’m getting ready to set up a bank!"

Everyone who saw this message.

Was shocked.

But not many dared to speak.

Chen Ping: ?

Tong Tianlong: ?

Chen Ping: Boss Luo, you’re going to start a bank? It’s not one of those city commercial banks, right? Can you get a license?

Luofeng: I can get it as soon as tomorrow. The headquarters will be set up on the highly free Bran Island, and it’ll have the right to operate throughout all of Daxia!

Chen Ping: Boss Luo is incredible!

Tong Tianlong: You can actually put it on Bran Island? This is simply great news. Our capital inflows and outflows will be much easier and freer in the future, and the efficiency of capital use will greatly increase.

Luofeng: Exactly. Get ready, we’ll pull the money back. The planned registered capital is 30 billion US Dollar!

Very few people would probably understand what it means, in a place like Bran Island, to have a bank with 30 billion US Dollar of registered capital.

Before answering that question.

First you need to know one thing: Bran Island’s degree of freedom.

If you operate capital inside Daxia—for example, exchanging Daxia Coin into US Dollar and then investing and trading internationally—the process is actually very troublesome; every single transaction is strictly regulated.

Fengshun Investment is an exception, because Luofeng knew how troublesome this was, and beforehand had roped in the three families of Chen Dali and the others, using their power to reach an agreement with the Industrial and Commercial Bank.

Thus barely bypassing foreign exchange controls.

If Luofeng had to go it alone?

Without the three families, never mind handling tens of billions, even moving hundreds of millions could trigger all kinds of investigations.

But Bran Island is different.

There’s no foreign exchange control, capital flows are highly free, and in the Bran Island region, the Bran Island dollar is actually the dominant currency.

Bran Island is kind of like Hongkang’s little brother.

Put simply, from now on, even if Fengshun Investment moves capital on the order of hundreds of billions on Bran Island, that’s still just Fengshun Investment’s own business, with basically no regulatory risk.

This means Fengshun Investment’s funds can safely move from the tax haven of Lion City into Bran Island.

In such a highly free environment, for Luofeng to inject 30 billion US Dollar into a bank is already a very exaggerated concept.

Simply put, 30 billion US Dollar already exceeds Bran Island’s foreign exchange reserves.

To go even further, with capital like that, it can completely surpass the official currency credit of Bran Island.

Once it’s established, it’ll be an unprecedented behemoth.

Chen Ping: After the bank is established, how will it be positioned?

This was the core issue.

Luofeng: Its internal position is just a money bag, a wallet for holding our funds. A wallet doesn’t need thoughts! If we want to deposit we deposit, if we want to withdraw we withdraw.

Luofeng: That’s what a good wallet is.

Seeing this reply, Chen Ping finally let out a sigh of relief.

If that was the case, then they had truly and completely solved the capital allocation problem.

Some people really don’t understand the benefits of being able to deploy capital freely.

It’s like imperial power in ancient times.

In some dynasties, whatever the Emperor wanted to do depended on the attitudes of various factions and officials.

There were restraints everywhere.

But if all those hidden dangers disappeared, he could mobilize power however he pleased.

So long as the Emperor was even a bit wise, it would be easy to accomplish big things.

Once the Emperor is blocked at every turn and has to consider every side, national strength is hard to develop.

So, do you still think having highly free control of capital isn’t a big deal?

Luofeng: Also, everyone can rest assured, Fengshun Investment’s status is higher than the bank’s!

The bank is indeed the core of the core.

But Fengshun Investment’s status will definitely be supreme.

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