Chapter 238 Portable Space

After arriving in Beijing, they soon received an invitation from Mr. Rong. The family went to Mr. Rong's home to meet his family. Today was a private dinner, mainly for the two families to bond, and no outsiders were allowed at the dinner table.

After dinner, Mr. Rong's family took Xiuzhi and the two children to other rooms to rest. Xu Lingjun and Xu Jingyou followed Mr. Rong into the study. Now was the time to talk about business.

After a few pleasantries, Mr. Rong revealed a piece of news to them, "Some time ago, I submitted an application to the higher authorities to establish a bank under the CITIC system to fully operate foreign exchange banking business."

"The State Council and the People's Bank of China have basically approved this application and are preparing to expand the business scope to include external financing, foreign exchange transactions, lending, international settlements, financial leasing and deposit taking. When the time is right, the bank will be officially established."

"Xiao Xu, your ranch now has a lot of foreign exchange transactions and a large amount of reserves. If you are interested, I can apply to my superiors to give you some shares. This will not only facilitate business transactions, but also provide multiple financing channels. How about it? Are you interested?"

Isn't this the future China CITIC Bank? It's a great thing for a company to have the opportunity to invest in a bank. Xu Lingjun agreed without hesitation, "Thank you Uncle Rong for giving us this opportunity. I will cherish it. I will hold a meeting to discuss this matter when I return. It should be approved."

"That's good. Setting up a bank requires a lot of capital. If we have the foreign exchange reserves of your ranch, the pressure on us will be much less." Mr. Rong made the invitation not only because of the relationship between the two families, but also because the Chi Le Chuan Ranch is now developing smoothly and has strong financial strength, which is an important reason.

Now the country is in need of money everywhere, and it is not easy for him to set up a bank, especially where the start-up capital will come from, which has been a headache for him for a long time. Now that Xu Lingjun agreed, he felt much more relaxed.

"I also want to contribute. Is it convenient?" Xu Jingyou asked hurriedly. He has been in the United States for so many years, so he naturally knows the importance of banks. If he could also buy a share, he would be rich.

"I am truly grateful for Brother Jingyou's kindness, but the bank is still in the preparation stage. At the same time, due to the special nature of the bank, it is currently only preparing to raise equity from state-owned enterprises. It is already an exception to allow collective enterprises like Chilechuan Ranch to join in, and it is not convenient to introduce funds from other institutions for the time being!" Mr. Rong explained politely.

"When the bank is officially established in the future, if there is any need for Brother Jingyou's help, I will definitely ask for it." He did not completely block the way. If the bank wants to develop in the future, it will definitely introduce foreign shareholders. If Xu Jingyou's company is strong enough by then, it is not impossible to let him join.

"I understand, I understand. I also want to help. Brother Rong, don't think too much. If it's inconvenient, we can talk about it later." After returning to China for a few years, Xu Jingyou has learned a lot about the situation in the country and stopped pestering him immediately.

After the ceremony, Xu Lingjun returned to the ranch and held a meeting, at which the resolution to purchase shares was passed with a high vote.

In the second year, Mr. Rong established the Banking Department based on the original company's Finance Department. By handling RMB and foreign currency deposits, loans, import and export letters of credit, international leasing, securities and foreign exchange trading, foreign currency exchange and other businesses, he accumulated certain experience and had initially met the conditions for establishing a bank.

After several years of accumulation, they felt that the time had come, and the State Council, the People's Bank of China and other departments formally approved Mr. Rong's application, issued a banking license, and established a new comprehensive bank with a registered capital of 1 billion yuan, of which Chi Lechuan Ranch contributed 300 million yuan.

Mr. Rong served as honorary chairman, and Chi Lechuan Ranch obtained two board seats, one of which was occupied by Xu Lingjun and the other by a financial talent introduced a few years ago.

The Chi Le Chuan Ranch has also gained a trustworthy partner in the financial field. From now on, it will be much more convenient for them to handle foreign exchange inflows and outflows, exchange RMB for currency, and conduct international cooperation. If they need funds, the bank can also help them issue special bonds.

With a solid financial backing, it was much easier to develop the ranch. At this time, domestic ranches ushered in new reforms and various policies were further relaxed. Xu Lingjun waved his money and acquired high-quality ranches across the country. Before other domestic competitors could react, many high-quality ranches were brought under his command, making the Chi Le Chuan Ranch the livestock enterprise with the largest grassland area in the country.

After several more years of development, Chi Le Chuan Ranch ranked first in the country in terms of both scale and technology. The beef, mutton, pigs, milk and various dairy products they produced have become nationally renowned brands.

Xu Jingyou also caught up with the domestic development trend. His assets doubled again and again. The achievements he made in just over a decade after returning to China have surpassed his previous decades of hard work.

He had always maintained his health well and had survived until the new century. After Qingqing graduated from university, he immediately handed over his family property to Qingqing and Yueyue. He also helped Qingqing get on the horse and sent him off. Only after watching Qingqing successfully take the helm with the help of himself and Xu Lingjun did he feel completely relieved and left with a smile without any regrets.

Xu Lingjun buried him in the Xu family's ancestral tomb as he instructed. After the funeral, Xu Lingjun lay in the Xu family's mansion, and a system prompt sounded in his mind, indicating that this world had temporarily ended and he was about to go to a new world.

Then came the rewards distribution session. The lucky draw wheel started spinning, and the numbers flashed for a while, and finally the pointer landed on the portable space.

This is almost becoming the standard equipment for time travelers, but it is indeed useful. As soon as Xu Lingjun thought about it, an empty space emerged in his mind. He can fill and take out items from it at will, and even bring them to the new world.

With this, the start of the next world will be much smoother.

Xu Lingjun spent several days making a list, and when he returned to the ranch he began stuffing things into it. The first things he would definitely put in were drinking water, food, and medicine. No matter what world he went to, these things would come in handy, and sometimes they could even save lives.

The second is weapons. The guns he received that year have not been handed in yet, so he can put them all in there, and also put some grenades, daggers, bayonets and other things in there to provide a little more security.

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Then there were precious metals, various tools, and a bunch of miscellaneous stuff.

Xu Lingjun just temporarily left the world of "The Horse Wrangler" and went to the previous worlds to meet his relatives and friends whom he had not seen for a long time, to relax and continue to put things into the space.

Finally, he accepted the system's arrangements and entered the new world.

(End of this chapter)