I'm in the county town, and you say I'm a big shot?
Chapter 209 Speculating in foreign exchange can fleece foreigners, so why not?
Chapter 209 Speculating in foreign exchange can fleece foreigners, so why not?
"What's a pity?"
"You're so talented in finance, how are you going to plant trees?"
“Planting trees is a good thing too, it’s simple and pure,” Fang Qingye replied.
Cheng Zhenzhen shook her head as she listened, repeatedly saying, "What a pity, what a pity."
The girl sat for a while and then left. Before leaving, the look in her eyes when she looked at Fang Qingye was as if she had made a foolish decision: "I could have gone to a 985 university in the college entrance exam, but I ended up going to a third-tier university instead."
It wasn't until after 11 o'clock that Xia He and the other two came back up.
"Is everything done?" Fang Qingye asked, standing up.
Bian Wengan shook his head, looking as if he wanted to say something but hesitated.
Xia He was very frank: "After a comprehensive assessment, we gave an exchange rate of 6.8310 yuan, but Mr. Bian insisted that the RMB would depreciate further and that this figure was too high, so he requested an exchange rate of 6.9310 yuan."
"Let's not talk about that for now." Bian Wengan chuckled. "Minister Xia, I'll treat you to lunch. Regardless of whether this matter can be resolved, I'll be very grateful!"
"You're welcome, Mr. Bian. I'll be eating lunch in the cafeteria. To be honest, I've developed a habit of taking a nap at noon. I need to doze off in the office for a while, otherwise I won't be able to work in the afternoon," Xia He politely declined.
"Also, Mr. Bian, please reconsider."
Since that was the case, Bian Wengan didn't insist. The three of them left the bank building and found a restaurant nearby, where they casually ordered a few dishes and started eating.
Bian Wengan remained silent, clearly still troubled by what had happened that morning.
But it’s understandable.
According to Bian Wengan's requirements, one US dollar is equivalent to 6.9310 RMB. 1000 million US dollars would be 6931 million RMB, which is 100 million RMB more than the exchange rate proposed by the bank!
This is not a small amount!
But that's your idea; history didn't go that way.
The RMB is appreciating!
Fang Qingye wanted to offer some advice, but then she realized that the other person wasn't very familiar with her and might not listen anyway, so she just kept quiet and ate her meal.
It was Shen Lan who broke the silence, asking, "President Bian, what do we do this afternoon? Should we continue talking to that General Manager Zhang?"
"It's no use. Although Manager Zhang's attitude is very good, I can't tell he's going to budge at all. Sigh, Mr. Fang, it's really hard to do foreign trade business." Bian Wen sighed.
"It is quite difficult; exchange rate fluctuations are a major problem," Fang Qingye nodded.
"Then tell me, Mr. Fang, will the RMB exchange rate against the US dollar rise or fall in the future?" Bian Wengan asked.
"rise."
Fang Qingye's words surprised Bian Wengan: "President Fang, why are you so sure?"
“I have a college classmate who trades foreign exchange. He studied at Shanghai University of Finance and Economics for his undergraduate degree, and after graduation, he went abroad to study for a master’s degree in finance at the University of Chicago for two years. Now he’s back in China and works in foreign exchange trading at Morgan Stanley Investment Bank in Shanghai. He once said that the RMB would appreciate,” Fang Qingye said casually.
"Graduated from Shencai University? And studied abroad? Now doing foreign exchange business at Morgan Stanley? That's an elite!" Bian Wengan said.
"Then their judgment and estimation were accurate."
“I think so too,” Fang Qingye added.
"Mr. Fang, do you think it's feasible to sign a contract with the bank?"
“Sure, but the final decision is up to you,” Fang Qingye said with a smile.
"Shen Lan, what do you think?" Bian Wengan asked Shen Lan, who was standing next to him, for her opinion.
“President Fang and his friends all say so, so it must be true,” Shen Lan agreed.
"Alright then, I'll go find Manager Zhang this afternoon and sign the contract with them!" Bian Wengan made up his mind.
Little did he know that his decision would earn him 60 yuan six months later.
In the afternoon, Bian Wengan went to the bank again and quickly signed the agreement. This time, Fang Qingye did not go with him.
After the agreement was signed, Bian Wengan and the other person had to rush back. Fang Qingye, of course, would not go back, but said that she was going to visit her classmate.
"Alright, Mr. Fang, you go ahead with your work. Don't forget to send me the invoices for your accommodation, gas, and meals during this trip to Huijing," Wen Gan reminded him before leaving.
"There's really no need to be so polite."
Bian Wengan and the others checked out and left. Fang Qingye was lying alone in her room when her phone rang. It was Xia He calling, and Fang Qingye answered it.
"Where are you?" "At the hotel."
"Bian Wengan and the others have left?"
"Are you coming over or not?"
"You're trying to tempt me? I'm still at work. I'll come back at six."
"Okay, you get some rest," Fang Qingye said.
"Hey, Bian Wengan signed the agreement very readily this afternoon. Did he take your advice into consideration?" Xia He asked again on the phone.
"Yes, what's wrong?"
"As expected, he listened to you. How did you convince Bian Wengan? Our Manager Zhang analyzed a lot of data and information we had for him, but he still didn't believe that the RMB would appreciate."
"It's simple. I just said I have a friend who is a returnee from overseas and works in foreign exchange trading at an investment bank in Shanghai. He said the RMB would appreciate, and he believed it. Now some bosses believe this too."
"It's that simple?"
How complicated can it be?
"Oh, so you also think the RMB will appreciate?"
"of course!"
"Okay, I'm done chatting, I need to get to work. See you at 6 PM! Bye!"
"Bye-Bye."
At six o'clock in the evening, Xia He arrived at Fang Qingye's room on time. She had already taken off her work uniform and changed into a knitted sweater and casual pants, her smile exuding charm.
The two quickly embraced.
"Alright, let's have lunch this afternoon," Fang Qingye said.
No, I'm not hungry.
"Really? Then I'm hungry."
Where are you hungry?
"here."
They went crazy until after 7 a.m. before getting out of bed, washing up, and going out. They went to a nearby small restaurant and ordered beef potstickers and duck blood vermicelli soup, which they enjoyed immensely.
"Hey, Qingye, did you see Cheng Zhenzhen today?" Xia He asked again, remembering something.
"Yes, she came to your office, but you and General Manager Bian went to the business hall. We chatted for a while and then she left. What happened?" Fang Qingye told the truth.
"When I was eating lunch in the cafeteria today, she told me that she was very disappointed to hear that you had gone to plant saplings. She said that you were wasting your talent and asked me to give you some advice."
"What are you trying to persuade me to do?"
"Go into finance, go into investment banking."
"Huh? How did you answer?"
"I told you you like to relax and lie around doing nothing. Hehe." Xia He chuckled softly.
"you're right."
"There's one more thing, I almost forgot to mention, I'm going to America soon," Xia He added.
"What are you going to America for?" Fang Qingye asked, somewhat surprised.
“Our bank is preparing to launch personal foreign exchange trading business. We have already launched this business in our New York branch in the United States. We have sent people there to learn from their experience.”
oh.
“It’s good to learn more. You can quit your job in the future and help me trade foreign exchange!” Fang Qingye said with a smile.
"Oh? That's what you're thinking about?"
"Of course, playing futures in China is exploiting Chinese people, while trading foreign exchange can exploit foreigners. Why not?" Fang Qingye laughed.
(End of this chapter)
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