An economic expert from the Chinese delegation immediately retorted, “This view is one-sided. The development of quantum technology is global, and no country can cope with the challenges it brings alone.”
The plan we put forward is for the benefit of the whole world, to achieve the upgrading and transformation of the global financial system through joint participation and cooperation.
Moreover, the new SOFT transaction settlement system offers greater security and efficiency, effectively reducing financial risks, which is crucial to the stability of global financial markets.”
The head of the North American delegation was silent for a moment, then slowly said, "We need more details and data to prove the safety and efficiency you mentioned.
Furthermore, what substantial benefits can we gain by joining your program?"
Xiao Zhen smiled slightly and said, "The new SOFT transaction settlement system uses advanced quantum encryption technology to ensure the absolute security of transactions. This is the most basic and most important guarantee for financial institutions and investors.
At the same time, the high efficiency of the system will greatly shorten transaction time, reduce transaction costs and improve capital liquidity.
For North America, joining this program will enable you to continue to maintain your leading position in the global quantum finance era and share the huge economic dividends brought by quantum technology.
Moreover, with the widespread application of quantum technology around the world, failure to join this program will cause North America to gradually fall behind in global financial competition.
The most important thing is that the new financial plan uses interstellar special minerals as financial assets. They are currently unique in the world and are more precious than physical gold.
Coupled with the support of new quantum technology, everyone here understands the characteristics of quantum, and the technology and value anchors are fully prepared.
The most important point is that your 42 trillion yuan business can be achieved by connecting to the new SOFT in the era of comprehensive upgrading of new industries and various industries.
I estimate that it will take 6 to 8 years to decompress your entire financial system and eliminate your huge debt default risk.
Everyone understands this, and I say these words because I need you to understand that it is you who need this opportunity, not us begging you for it."
The members of the North American delegation spoke in low voices, and the atmosphere was slightly tense.
After a while, a financial expert from the North American delegation stood up and said, "We acknowledge that the development of quantum technology has had a huge impact on the financial sector, but your plan involves many complex financial terms and interest distribution issues. We need time to carefully study and evaluate it."
The head of the Chinese delegation nodded in understanding and said, "Of course, such a major plan requires full communication and consultation among all parties.
But we hope to reach a consensus as soon as possible, because time waits for no one, quantum technology is developing rapidly, and we cannot miss this historic opportunity."
Over the next few days, the two sides engaged in in-depth and intense negotiations on the specific terms of the new financial plan and the new SOFT transaction settlement system.
Every clause and every provision became the focus of debate between the two sides.
The Chinese delegation, relying on thorough preparation and firm conviction, argued its case and elaborated in detail on the necessity and rationality of each clause; while the North American delegation tried to gain more benefits and privileges on some key clauses.
The two sides' disagreements are particularly serious over the issue of control over the new SOFT transaction settlement system.
The North American delegation hopes to have greater voice and control in the system to ensure that its own interests are not harmed; while the Chinese delegation emphasizes the global nature and fairness of the system and advocates equal participation and joint management by all parties.
Xiao Zhen said seriously: "The new SOFT transaction settlement system is designed to serve the global financial market, not for the interests of any particular country or region.
Only by ensuring the fairness and equality of the system can we win the trust and support of countries around the world and achieve true global financial cooperation and development."
The head of the North American delegation responded somewhat excitedly: "North America plays a vital role in the global financial market, and we must safeguard our core interests.
It would be difficult for us to feel comfortable joining the program without having adequate control over the system.”
Faced with this situation, the diplomatic expert of the Huaxia delegation cleverly said: "We understand your concern for your own interests, but we can solve this problem by establishing a fair and reasonable decision-making mechanism.
For example, a supervisory committee composed of representatives from various countries could be established to jointly decide on major issues concerning the system and ensure that the interests of all parties are fully protected.”
After repeated discussions and compromises, the two sides finally reached a preliminary consensus on some key issues.
However, the negotiations did not end there. The two sides still have major differences on the application standards and regulatory mechanisms of quantum technology in the financial field.
The North American delegation advocated the use of their existing financial regulatory standards, believing that these standards have been tested in long-term practice and have high reliability and effectiveness; while the Chinese delegation believes that quantum technology brings new financial risks and challenges, and that existing standards can no longer meet the needs of the new era. It is necessary to establish a new set of regulatory mechanisms that adapt to the characteristics of quantum technology.
A financial regulatory expert from the Huaxia delegation explained in detail: “The application of quantum technology has made financial transactions more complex and faster, and traditional regulatory measures have become difficult to cope with.
We need to establish a regulatory mechanism based on real-time monitoring and intelligent analysis to promptly detect and prevent potential financial risks."
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