"Alright, alright, don't worry!" Lu Feng glanced at Jin Tingting and asked, "What's her role? Is she a supervisor?"
“Yes, don’t feel uncomfortable about it. The exchange rate has been fluctuating a lot recently, and there are countless people speculating in foreign exchange. Such a large indicator definitely needs to be monitored. I believe that President Lu will definitely spend the foreign exchange wisely.” Vice Mayor Liu said to Lu Feng.
"No problem, I was just thinking that. Without someone supervising me, I was worried that someone might accuse me of signing fake contracts with foreign investors and using the opportunity to transfer assets abroad. Now I feel relieved." Lu Feng said with a smile, "Please sit down, beautiful lady. What's your name? Please sit down too, I'll have someone pour you some tea."
Jin Tingting rolled her eyes inwardly; his act of pretending not to know her was really convincing.
My surname is Jin.
"Gold is inevitably expensive. We're all surnamed Jin, is there anything more precious than gold?" Lu Feng politely took out a cigarette from the drawer, lit one for Vice Mayor Liu, and after he sat down, a clerk came in to pour water.
Lu Feng had some doubts before. It was impossible for the government to approve such a large foreign exchange quota and then leave it unattended, especially at this point in time when exchange rates were fluctuating greatly, foreign exchange speculation was rampant, and there were countless speculators.
It's not just about tracking and supervising the removal of foreign exchange, but also about conducting a valuation of the purchased foreign assets. This is to prevent Lu Feng from taking 400 million RMB, exchanging it for more than 50 million USD, going abroad to buy an empty shell worth a few hundred thousand USD, and pocketing the rest of the money for other purposes.
Alternatively, you could exchange it for US dollars, and then as the RMB continued to depreciate, you could exchange it back for RMB when the exchange rate was around 8 RMB to 1 US dollar, thus effectively hedging against inflation. And when the exchange rate fluctuated again, you could exchange it back for US dollars.
By trading back and forth a few times, the funds could potentially double.
The country's foreign exchange reserves are used to purchase core assets or production equipment for enterprises, primarily to improve industrial technology and promote domestic economic development, rather than for speculators to profit at the expense of the country.
Throughout the 1990s, exchange rates fluctuated significantly, and foreign exchange speculation became the best way for many people to get rich. In fact, as long as you had foreign exchange quotas, you could make money just by reselling them.
Therefore, the strict control over foreign exchange quotas has led many foreigners to believe that the country's currency is particularly fragile, which is why the subsequent attempts to block the RMB occurred.
It would be a mistake to consider a country's currency solely from the perspective of its domestic economy. The most powerful support behind any country's currency is always its military strength.
Once you possess military strength that surpasses all others in the world, who dares to cause my currency value to plummet?
Lu Feng chatted with Vice Mayor Liu for half an hour. Vice Mayor Liu became much more polite, calling Lu Feng "Brother Lu" very affectionately.
After seeing off Vice Mayor Liu, Jin Tingting returned to her office and looked at him with a hint of regret. She hadn't expected foreign exchange indicators to be so valuable. At the time, her thoughts were rather simple; she just wanted to help Lu Feng and give this ambitious company a boost.
"You're not really planning to do something else with this foreign exchange indicator, are you?" Jin Tingting looked at Lu Feng suspiciously and said, "Let me give you a piece of advice: don't try to pull any funny ideas. If you don't acquire any valuable foreign companies, I'll definitely report you."
"Oh dear, don't scare me like that. Vice Mayor Liu scared me for a long time just now, and now you're scaring me again." Lu Feng sat down and sighed, "I really need it. If you don't believe me, come with me tomorrow."
"Where are we going?" Jin Tingting asked curiously.
"Let's go to Kyoto and talk to Rohm Semiconductor Group!" Lu Feng suddenly remembered that he needed to book her a plane ticket and asked, "Do you have a passport?"
"Yes, I have!"
"Go get it and have them buy you a ticket for tomorrow!" Lu Feng said hurriedly.
"The visa hasn't been processed yet," Jin Tingting said anxiously.
“Money talks.” Lu Feng picked up the phone on the table and called the office of the person in charge of administration: “Prepare a car for me. I need to take someone to run some errands in a bit.”
The initial success of the waveguide pager has already attracted the attention of Motorola's branch office. Jiro Nakata promptly reported the situation. For Japan, since the 1980s, its economy has been crippled, but it has only suffered devastating losses in areas such as exports and real estate. However, in core technologies, especially in the field of communications, it is a global leader.
Even its American parent company can only look up to it. In the semiconductor industry, there are countless companies such as Motorola, Toshiba, Sharp, Sony, Hitachi, Panasonic, and Rohm Group.
In 1991, mobile phones entered thousands of households in Japan. They set the global communication standards for the 1G and 2G eras. When the 3G era arrived, the United States caught up and began to dominate the world. Then, in the 4G era, we caught up, and in the 5G era, we surpassed them.
With such a powerful semiconductor industry, they look down on the weak industries in mainland China. The group headquarters' global strategy doesn't consider this a factor, but it has caught the eye of a vice president of a second-level department.
In the Overseas Market Strategy Department, in the president's office, several folders were placed in front of a man in his fifties. He was slightly balding on top, not very tall, about 1.65 meters, with the typical appearance of a Japanese person.
Flipping through the folder in front of him, he realized that matters in mainland China were minor to him. His main responsibility was to handle other major countries and regions in Asia, since sales were higher in those areas.
But when he saw the words "Jiafeng Electronics," he stopped, looked at it carefully, picked up the phone on the table, called in a middle-aged man, and asked, "Is this Jiafeng Electronics the same company that held a business party in Dubai and used Mr. Buffett's name to swindle people?"
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