Training the Heavens

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 strengthen their relationship, and there were no outsiders 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 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 engage in foreign exchange banking business."

"The State Council and the People's Bank of China have basically approved this application. We plan to expand the business scope to include external financing, foreign exchange transactions, lending, international settlements, financial leasing, and deposit collection. When the time is right, we will formally establish the bank."

"Xiao Xu, your ranch has a lot of foreign exchange transactions and a large amount of reserves. If you're interested, I can ask my superiors to give you some shares. This will not only facilitate business transactions, but also provide multiple financing channels. What do you think? Are you interested?"

Isn't this the future of China CITIC Bank? A company having the opportunity to acquire a stake in a bank is a fantastic opportunity. Without hesitation, Xu Lingjun immediately agreed. "Thank you, Uncle Rong, for giving us this opportunity. I'll definitely cherish it. We'll hold a meeting to discuss this when we get back. It should be approved."

"That's good. Setting up a bank also requires a lot of funds. 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 Lechuan Ranch is now developing smoothly and has strong financial strength, which is an important reason.

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

"I'd also like to contribute. Is it convenient?" Xu Jingyou asked hurriedly. He had been in the United States for so many years, so he naturally knew the importance of banks. If he could also invest in a share, he would be rich.

"I am very grateful for Brother Jingyou's kindness. However, 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 an exception to allow collective enterprises like Chi Lechuan Ranch to join. 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 anything that requires 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 at that time, it is not impossible to let him join.

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

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

The following 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 a certain amount of experience and had initially met the conditions for establishing a bank.

After several years of accumulation, they felt that the time had come. 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.

Chi Le Chuan Ranch also gained a trustworthy financial partner, making foreign exchange inflows and outflows, RMB exchange, and international cooperation much more convenient. If funds were needed, the bank could even help them issue special bonds. With such a strong financial backing, the ranch's development was much easier. At this time, domestic ranching was undergoing new reforms, with policies further relaxed. Xu Lingjun quickly acquired high-quality ranches across the country. Before his competitors could react, he had already acquired many of the best ranches, making Chi Le Chuan Ranch the largest livestock enterprise in China in terms of grassland area.

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 great trend of domestic development. His assets doubled again and again. The achievements he made in just over ten years after returning to China have exceeded his previous decades of struggle.

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, and helped Qingqing get on the horse and sent him off. Seeing Qingqing successfully take the helm with the help of himself and Xu Lingjun, he was 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 the system's prompt sounded in his mind. This world has temporarily ended, and he is about to go to a new world.

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

This has almost become the standard equipment for time travelers, but it is indeed useful. Xu Lingjun thought about it, and 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 to stuff things in it. The first things to be filled were definitely 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 thing 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.

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

Xu Lingjun temporarily left the world of "The Shepherd" and went to the previous worlds to see relatives and friends whom he had not seen for a long time, 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)