I'm in the county town, and you say I'm a big shot?

Chapter 637 Central Bank Leaders Visit Pudong Branch for Research

"Everyone is worried," Xin Tiejun said frankly.

"There's no need for that," Fang Qingye said with a smile. "We can set up a new company to operate the spun-off business. As for the profits of Zhiyun Technology, you don't need to worry about it either; we can do it without making a single penny!"

At this point, Fang Qingye's tone became serious:
"Developing our own Corda is not just a company-wide initiative of Zhiyun Technology, nor is it merely a competition between us and S3. It represents a crucial standard-setting battle in the future of digital finance, and it will rise to the level of a national strategy!"

"On March 10th, Governor Pan of the People's Bank of China and other leaders will come to Shanghai to investigate the digital finance pilot work of Jinghai Bank. I will report to the leaders that the development of a distributed ledger platform is a key point!"

Upon hearing this, Xin Tiejun and the other two looked at each other, their faces showing excitement.

Holy crap, we're just a small company, but we're doing the work of the national team!

"Chairman Fang, we will immediately carry out the business divestiture and personnel adjustments as you requested," Xin Tiejun immediately stated.

“Okay, you guys draft a preliminary plan and submit it to Tuofang Technology. Mr. Bai and I will study it, as well as Lu Hui.” Fang Qingye looked at the girl: “You prepare a document about Corda for R3 CEV and our proposed distributed ledger platform and give it to me. I will report to the leadership.”

"Ok."

After arranging all this, Fang Qingye went to Tuofang Technology and told Bai Ou about it.

The two had already discussed her husband's plans in bed, so Bai Ou had no objections. She said with a coquettish smile, "Tuofang Technology has another company under its umbrella. They're going to recruit more people. This office building is already overflowing."

"Then let Li Li send someone to contact a rental company to find vacant rooms in the building. Anyway, we're moving out in two and a half years, so we'll just make do for now," Fang Qingye said.

The Tuofang Building, which has already started construction, will have a construction period of two and a half years, including the overall construction, decoration and facility installation. It is expected that the building will be ready for occupancy around July 2017.

At that time, not only the companies under Tuofang Technology, but also the headquarters of Ele.me and the Jinghai Bank branch center to be established later will move in, and even ByteDance's R&D center in Shanghai will be located here.

On the afternoon of March 10, Fang Qingye and Chen Danlu took a rented Coaster bus to Hongqiao Airport to pick up the central bank leaders who came to conduct research.

Sitting in the car, Fang Qingye looked around at the 19-seat Coaster. The interior was luxurious yet understated. Fang Qingye smiled and said to Chen Danlu, "I guess there will be similar receptions in the future. It seems that our bank will have to buy one of its own."

“That’s a great idea,” Chen Danlu immediately agreed. “We can buy it under the name of the Pudong branch, which will allow us to apply for a Shanghai license plate. It can be parked at the Nanxin headquarters, and bank staff can use it as well.”

"Okay, I'll talk to Director Zhao and ask him to make the arrangements."

The two vice presidents of Nanxin Bank have undergone a major reshuffle in their respective areas of responsibility. Deng Hui is in charge of key business departments such as credit, interbank business, and auditing, while Zhao Wenjun has taken over Deng Hui's responsibilities, such as finance, human resources, general affairs, and supervision.

The two arrived at the waiting hall and soon saw several familiar figures coming out of the boarding gate. Leading them were President Pan and Director Luo, whom Fang Qingye was familiar with. In addition to the two leaders, there were also three technical experts. Fang Qingye and the others hurriedly went over to shake hands.

That evening, Fang Qingye hosted a banquet for Governor Pan and his delegation at the Yongyiting Pavilion of the Mandarin Oriental Pudong Hotel, where the leaders of the People's Bank of China were staying. Also present were Deputy Director Jin of the People's Bank of China headquarters in Shanghai, who also served as the head of the Shanghai branch of the People's Bank of China, and Director Liu of the Shanghai Financial Office.

Director Jin is an academic leader with a PhD in Economics from Fudan University. He is in charge of financial innovation in the Free Trade Zone and promotes the pilot program for FT accounts.

He's in his early forties, wears gold-rimmed glasses and has a refined and scholarly air; it's the prime age for a man to build his career.

This research visit to the Pudong branch will not only be attended by representatives from the People's Bank of China, but also by leaders and experts from the Shanghai headquarters. According to the agenda, tomorrow morning, Governor Pan, Director Luo, and leaders from the Shanghai headquarters will investigate the digital finance pilot program at the Pudong branch. In the afternoon, Governor Pan and his team will attend a symposium on financial reform in the Shanghai Free Trade Zone. The three experts will continue their research at the Pudong branch. Governor Pan will only be at the Pudong branch for half a day.

The first half-day session involved listening to Fang Qingye, as the president of Jinghai Bank, report on the digital finance pilot program. Then, the second half-day session involved personally observing the actual operation of relevant content in the branch's back-office support department and business hall.

Afterwards, President Pan will hold a meeting of branch staff to give a speech, which will also be an encouragement to everyone for their hard work.

The agenda was packed, and it seemed that Fang Qingye would have to find a suitable opportunity to give a separate presentation on his idea of ​​developing his own distributed ledger platform for Corda.

Tonight is definitely not a good time. Everyone has had a few drinks, and the boss needs to rest tonight.

During a break from eating, Fang Qingye quietly shared her thoughts with Director Luo.

"Do you want to report on the application of blockchain technology in finance?" Director Luo asked.

"Yes, a US company is currently working on this, and I think it's very important because it relates to our country's financial standards and financial security."

Hearing Fang Qingye, who was usually very relaxed, now looking serious, Director Luo knew the seriousness of the matter. After thinking for a moment, he said, "How about this, we can have lunch a little earlier, and I'll give you time to report after lunch."

"So Governor Pan doesn't have time to rest at noon? He has to go to the Shanghai headquarters of the People's Bank of China this afternoon to hold a symposium on financial reform in the free trade zone."

"Hehe, your report is important, so Director Pan has no choice but to sacrifice his lunch break," Director Luo said with a smile.

"Then I'll try to keep it brief."

The next morning at eight o'clock, President Pan and his entourage arrived at the Pudong branch office and first listened to Fang Qingye's report.

The content mainly includes big data risk control loans, P2F online lending, anti-money laundering (AML) AI monitoring, and blockchain financial application SCP payment system, which have already been implemented in the Pudong branch.

At this point, Fang Qingye paused and explained, "Regarding the application of blockchain technology in the financial field, I still have some immature ideas. I will report to the leaders after lunch, which will take up some of your valuable time."

President Pan and others already knew about Fang Qingye's special report, and when he brought it up specifically, President Pan smiled.

"Alright, I'll listen to your profound insights when we eat."

Next came the actual observation and research. Around 11 o'clock, Fang Qingye convened a meeting of all staff of the Pudong branch. After President Pan gave a speech, the morning's procedures were considered complete.

Lunch was a working lunch, arranged at the Ritz-Carlton in the Shanghai Financial Center, which is quite close to here.

After dinner, Fang Qingye specially rented a conference room in advance to report some of her ideas to the leaders of the central bank and the Shanghai headquarters.

When Fang Qingye mentioned the R3 CEV and the Corda platform, Director Jin, who was present, was somewhat surprised.

"President Fang, you've also noticed this news?"

(End of this chapter)