"What does it mean that Bank of China has no extra Hong Kong dollars?"
Seeing that neither of them understood much, Gong Fan explained: "We, the Bank of China and the State Administration of Foreign Exchange, have two brands and one team. All capital flows involving foreign exchange are handled by us single-handedly, not to mention the foreign trade of state-owned enterprises and central enterprises.
For one thing, remittances from overseas Chinese to the country have to go through our hands."
"You, Huarun, are engaged in foreign trade, as are Huarun Wanjia. Your turnover of several million Hong Kong dollars a month is very important in the industry."
Gong Fan praised, and then sighed: "Our Bank of China accepts a lot of foreign exchange business, but the country also spends a lot of money. The foreign exchange in all aspects is not enough to spend. Wherever there is money to lend, it is really impossible to squeeze out even a little bit.
."
Lin Xiaoguang was waiting for his words, and then said: "If you don't have money, there is only one way to increase revenue and reduce expenditure. Of course, it is not possible to reduce expenditure, but it is possible to increase revenue."
"It's not that simple."
Gong Fan began to complain: "It's so easy for you to say. The Bank of China is so big, but there are only a handful of funds that can be used. To borrow a word from you, we don't produce foreign exchange, and we don't spend foreign exchange. We are just foreign exchange middlemen.
You come from everywhere and come back again, without even a chance to make a profit."
Lin Xiaoguang curled his lips, this sentence is so shameless, who doesn't know that Bank of China is the most profitable.
Let’s not talk about anything else. Let’s just talk about the exchange rate. Currently, the RMB to the US dollar is 1.5:1, and the RMB to the Hong Kong dollar is 1:4. These are official exchange rates that are not very recognized by the international foreign exchange market. In fact, the RMB is worthless, and the foreign exchange market exchange rate is much higher.
Many, the domestic black market RMB against the US dollar is 2:1 or 3:1, and the Hong Kong dollar is also 1:3 or 1:2.
Others do not recognize the official exchange rate, but Bank of China recognizes it and abides by it and enforces it.
In this way, if people take 1 U.S. dollar and 1 Hong Kong dollar, they can exchange them for 2.3 yuan and 3.5 cents, but once the Bank of China handles it, they can only get 1.5 yuan and 25 cents.
In this process, Bank of China earned a lot of price difference.
Last year, the country exported 27.12 billion US dollars, imported 29.88 billion US dollars, and the total import and export volume was 57 billion US dollars. Such a large transaction volume was handled by the Bank of China. A dollar of at least 50 cents was earned, 57 billion yuan.
U.S. dollars and the RMB earned must be at least 28.5 billion.
By doing this calculation, you will know how much difference the middleman makes.
"Manager Gong, let's not say these words to fool laymen. Experts know exactly how much money Bank of China makes. But I won't talk about it. If you say that Bank of China has no money, then it has no money. I have a way to get money. Look,
In terms of money, can you give loans to Huarun Wanjia and Qinhuai?" Lin Xiaoguang said seriously.
"Really?" Gong Fan was dubious.
"It really can't be true anymore."
"Then tell me, how to make money?" Gong Fan became interested. Who didn't know that Lin Xiaoguang was the philanthropic boy of the Huarunwan family. He was the one who came up with the idea. Now the Huarunwan family only has a few million a month.
Regarding the turnover in Hong Kong dollars, you must know that the entire investment is only one million Hong Kong dollars.
The return on this investment is really not low.
"The business of a bank is very simple. You can make money by absorbing deposits and lending money."
"Hey, there's no need for you to say that there's no money for lending, but it's just about absorbing savings. We've been doing it, but we've never forgotten it." Gong Fan thought he would have some other great ideas, but unexpectedly it was the same old talk, and he suddenly felt very excited.
disappointment.
"Then how much money did you absorb in total?"
"This..." Gong Fan hesitated.
"Is the interest rate too low to absorb funds?" Lin Xiaoguang smiled.
Gong Fan blushed when the two looked at him, and simply replied: "Yes, the interest rate is low, so I can't attract deposits, what's wrong? I didn't set the interest rate. Hong Kong, Macao and overseas Chinese don't come to deposit, how can I have it?"
any solution?"
"Then you apply to the higher authorities to increase the interest rate."
"To put it lightly, when the interest rate becomes higher, many people will save money, but when it comes time to withdraw money, the interest will also be high. Are you going to pay for it?" Gong Fan shook his head.
Lin Xiaoguang smiled: "Why don't you say that your Bank of China is stupid. It absorbs deposits and issues loans. It is the right and left hand of the bank. One goes in and one goes out, and both sides make the difference. You take all the foreign exchange back to the country, and of course you have no money to lend.
, so naturally they dare not raise interest rates to attract deposits.”
"But it's different now. We have a very good project with a return rate of 1,000%. You raise the interest rate to attract deposits, and you can lend the money to our customers, and then our customers will repay the loan and interest."
"
"We Huarun make money and you earn interest. This is a win-win situation for Bank of China and Huarun. Do you want to give it a try?" Lin Xiaoguang tempted.
"One thousand percent? Are you kidding me?" Gong Fan didn't believe it.
"This is a big project with a basic investment of HK$12 billion. How dare you make a joke." Lin Xiaoguang shook his head.
As soon as these words came out, Gong Fan's eyes were red, he was breathing heavily, and he couldn't believe it, and asked: "Really or not, 12 billion? Ten times the return, that is 120 billion, I didn't listen
Wrong?"
"You heard that right." Lin Xiaoguang said, handing him the small house development plan.
Gong Fan took it in his hand and flipped through the pages. As he looked at it, he breathed a sigh of relief in vain, angry and funny: "I thought I could harvest it in one or two years, but I didn't expect it would take forty or fifty years.
"
"Manager Gong, it's best to pay the mortgage in installments. This is good for both the home buyer and the bank. The longer the repayment period, the higher the interest on the loan. You don't know, otherwise it would be ten times the amount."
The return is a one-time payment, and the bank still makes a lot of money?"
Gong Fan thought about it and realized that this was true.
He continued to read and asked questions from time to time: "A series of businesses in building small houses, construction, building materials, decoration, furniture, etc., are all handled by your people. Excluding manpower, you can basically achieve a 50% return rate, but
It seems that you are not involved in these industries now?"
"As long as your Bank of China nods, it's not a problem for us. For 12 billion Hong Kong dollars, we can start at any time with an order." Lin Xiaoguang was determined.
Gong Fan continued to read, and after a while, he took his eyes away from the plan, stared at Lin Xiaoguang, then looked at Luo Yaoguo, and said: "The core of Ding Quan and Ding's ability to repay the loan on time is that they need a stable job, so you
You need to enter a large number of industries, which is probably very difficult, right?”
Lin Xiaoguang answered one by one: "We have a plan. Young women from small-house families can work in convenience stores and supermarkets. Our next step will be to expand the number of convenience stores and also enter the supermarket industry, which requires a large number of employees.
Due to the policies of the British Hong Kong government, it will be difficult for people from China to come back to work in the future, so they will be able to take their place."
"As for young men, they can go to construction companies and decoration companies. They are not needed for building materials and furniture. The mainland can supply them."
"The development of small houses together has only 100 households, which is an investment of 5 million Hong Kong dollars. For you, Bank of China, it is just a drop of water. Moreover, there are 100 families, 100 young women and 100 young men. Such a small labor force
, for us Hua Run, it doesn’t matter at all, there are many positions to accommodate them.”
"How about it? Manager Gong, can your Bank of China provide this mortgage loan?" Lin Xiaoguang looked at him with burning eyes.
Gong Fan glanced at him and then at Luo Yaoguo. When he saw him staring at him with a smile, he suddenly realized that this was Lin Xiaoguang's flash of inspiration. It was clearly planned for a long time. If Director Luo didn't agree, how could an assistant of his dare?