Xing Baohua instantly understood what Director Li meant: this was a disguised way of using the company's readily available foreign exchange.
Companies that export goods usually retain a percentage of their foreign exchange reserves, typically for purchasing goods. Without a proper justification, it's difficult to access these reserves.
The fact that the People's Bank of China has opened up this avenue for foreign exchange transactions shows how severe our foreign exchange shortage is. We dare not ask what we're buying, or if we're planning to use this method to release some kind of major foreign exchange policy.
This must be supported, and they have also considered his needs. Bearer bonds can be exchanged at any bank or used to pay for other large transactions.
This is much better than acceptance.
If money is no object, holding government bonds for several years can yield considerable returns.
Is Xing Baohua short of money?
Therefore, he can consume whatever amount of government bonds he is given; this is much safer than investing in the stock market or futures.
Subsequently, Xing Baohua called the CEO of Huahong Bank to come over and asked him to help handle the relevant bond matters, since people in the bank understand these things.
How to buy, what kind of agreement to sign, how to transfer money, etc.
Huahong Bank is a relatively new company and hasn't yet established an offshore bank. Transferring one billion US dollars back to China would be quite complicated.
No matter how troublesome it is, it has to be done. He'll leave these professional tasks to the bankers, and all he has to do is sign and pay.
Xing Baohua deposited all the bonds in the vault of Huahong Bank, intending to wait several years or even a decade before making any decisions.
He also told Director Li to tell him to buy as soon as national bonds are issued, and to buy more if he has money and less if he doesn't.
Director Li was very grateful for Xing Baohua's support, and told him that he would treat him to a meal whenever he had time to visit the capital.
Everything was fine. Xing Baohua hosted a dinner for the two that evening. During the dinner, Xing Baohua also took the opportunity to talk to Wei Laisong alone. Why did he suddenly think of cooperating with him?
"It's all because you're stingy and withhold goods. Several companies have complained to Director Xue, so we had no choice but to come up with this trick." Wei Laisong said with a wry smile, revealing the truth.
"What a mess! Is it so hard for me to just ask them to pay the full amount?" Xing Baohua said, scratching his head somewhat awkwardly.
“Some rules can’t be broken. Even if there’s money in the account, we have to follow the rules and delay the delivery. Otherwise, everyone wants full payment to receive the goods, which most companies can’t do,” Wei Laisong said.
"Can't the General Trade Department handle it?" Xing Baohua asked in surprise.
“It’s not a problem with the general trade department; it’s that their payments are also overdue. We can’t exactly advance the funds for them! The situation is quite complicated. That’s why the higher-ups came up with this idea to cooperate with you. We can’t let you suffer any losses. Alright! There will be a lot of social obligations involved in the future, so don’t keep pushing your boundaries and doing things that offend people,” Wei Laisong said.
"So it's perfectly normal for me to buy on credit and owe me money, but asking for it back is considered an offense? Damn it, this is all because they've been spoiled. Even the biggest companies can't withstand this kind of treatment. Look at those old factories, look at those who are unemployed or even laid off. This group is being reorganized, that group is being reorganized. What's being reorganized? Where did the money go?" Xing Baohua questioned loudly.
"Why are you yelling at me! I don't owe you any money. Everyone does this. I'm just giving you a heads-up." Wei Laisong wiped the spittle off his face, clearly disgusted by Xing Baohua's outburst.
"So, I'm taking precautions because I'm afraid of this! If you want my goods, you have to pay in full. I need to make sure I survive first!" Xing Baohua said with a touch of arrogance.
"Alright! I admit you succeeded." Wei Laisong chuckled, somewhat unconvinced. Xing Baohua's success also had a large element of chance.
The problem is that the market is scarce, yet they don't focus on the domestic market, insist on foreign trade, and rely on foreign exchange to obtain some protection.
If only he had taken a different path and tried the domestic market.
Those people could devour him completely, leaving not even bones. Forget about opening up the market; they could make things incredibly difficult for you even if you tried to get some spare parts.
They're all within the system; when someone calls from above, should they listen or not?
Actually, Wei Laisong was also giving Xing Baohua a heads-up: be careful when necessary, and don't be too stubborn. Right now, he needs Xing Baohua's help, so he can't do anything to him.
But there's always a chance of something going wrong!
People may not be grateful to you for a lifetime, but they can hate you for a lifetime. There will always be people who keep an eye on your petty affairs, and as soon as you slip up, they will definitely take the opportunity to attack you and kick you when you're down.
That was the end of the conversation. The two didn't continue talking, and afterwards they went to a restaurant to have dinner with Director Li, enjoying drinks and conversation.
Slightly tipsy, Xing Baohua returned to Master Zhou's residence.
To ensure Director Li had a good drink, Xing Baohua stayed up with him until the very end, having not had a chance to drink freely in a long time, and was quite impressed by Director Li's drinking capacity.
I also asked Director Li about his hometown, he's from the Northeast. Well, that's a place where people can drink.
Headmaster Zhou disliked Xing Baohua's strong smell of alcohol and told him to take a shower first. Seeing that he was staggering, he struggled to help him to the bathroom.
They really took good care of him, even helping him take a shower.
While taking a shower, his curiosity was piqued, and he asked Xing Baohua a question that struck at the heart of her soul.
Why is there no response?
How should I answer that?
Isn't it normal to not have a reaction for a while after drinking? Alcohol controls the nerves, so what's wrong with being a little slow to react?
Besides, sometimes it takes time to develop.
In fact, Xing Baohua envies those who can immediately get into the mood after drinking.
After a quick shower, I went to bed early and wasn't even interested in that kind of thing.
As for the saying that one should not be separated from wine and women, it depends on the person.
The next day, Xing Baohua returned to the company and called Wei Laisong, asking him to accompany Director Li to have a good time in Hong Kong. He said he didn't have time to entertain him and would cover all the expenses.
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