Xing Baohua met with many venture capitalists and even received numerous phone calls. He politely declined them all, but of course, he didn't rule out any possibilities, only saying that his project was very large and that angel investment might come later.
That's enough. Opening up angel investment means giving these venture capitalists opportunities.
Some people even asked whether Xing Baohua would go public?
This is a newbie; the questions he's asking don't sound like those of a seasoned venture capitalist. Doesn't he realize that the shareholders Xing Baohua has gathered are all bankers! Capitalists among capitalists—would Xing Baohua dare not take this company public?
And it will definitely be listed on the US stock market.
Bankers won't miss any opportunity to make money. Nor will they squeeze every last drop out of those opportunities.
Xing Baohua also gave a portion of the shares to CITIC, China Merchants Bank, and China Construction Bank. Together, these three companies held a 6% stake.
The further you go, the fewer shares you'll have.
Then there is another question that Xing Baohua needs to think about: where should the headquarters be located?
Placing the headquarters in China is not suitable at the moment, and Xing Baohua is not at ease with placing it in Japan. Not to mention placing it in the United States, otherwise Xing Baohua would be anxious.
The safest option is still Hong Kong.
When the bank's general meeting was about to begin, Xing Baohua had to prepare some plans and materials in advance.
Xing Baohua coined the term "π" for digital currency, or "π payment."
The headquarters is called π Group.
Numbers are infinite, and π is a perfect symbol.
With the involvement of many banks, news spread that Xing Baohua wanted to develop digital currency, and the Hong Kong food delivery company was used as a model for this, which was then amplified.
Many people understood how to profit and how it operates by comparing themselves to the template.
Xing Baohua amassed trillions of yuan by briefly intercepting merchants' funds, thus achieving the goal of transferring funds.
If the misappropriation of the digital currency created by Xing Baohua exceeds its potential risks, and if even a small portion cannot be repaid, it could trigger a chain reaction, leading to serious financial risks.
This risk is similar to a bank bankruptcy; it doesn't hurt ordinary customers, but rather the merchants waiting to withdraw their funds, and even more so, the customers who are using the funds. The inability to withdraw their balances could lead to a global bank run.
Of course, there are concerns. With so many banks backing it up, what's there to be afraid of? If you can't repay the loan, the banks can make the repayment for you!
This is just an excuse used to fool ordinary people. When the time comes, let alone the banks, the banks will be the ones who will repay the debt the fastest.
Just as Xing Baohua was preparing the materials, Kawaguchi's secretary called Xing Baohua, saying that a cabinet member from the R government wanted to meet with Xing Baohua, and provided the time and place, asking Xing Baohua to attend.
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