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

Chapter 649 The Great Tit Project
"It?" Bai Ou asked, puzzled.

"This thing isn't just for aerial photography and surveying; it can also be used in agriculture, such as remote sensing," Fang Qingye explained.

"Through remote sensing measurements, the types of crops such as rice, corn, and wheat, as well as the planting area, are automatically identified. Then, the built AI big model system retrieves historical image data of the plot over the past few years, combined with the weather, solar terms, and industry data at that time, and verifies the accuracy of the crop types and areas stated by the farmers through AI algorithms, assesses crop growth, and estimates yield and output value."

"This generates a reliable basis for credit limits. Plots with good crop growth and stable size receive higher credit limits. After the model evaluation is completed, the system determines a credit loan limit for farmers almost in real time."

"Heh, it's big data, AI models, and artificial intelligence again. These are all things Ye Zi is currently researching," Bai Oujiao said with a smile.

"Of course, if we don't use drones, satellite remote sensing technology is more convenient. It can transform agricultural production materials that are difficult to assess, such as crops on the ground, into 'digital assets' that banks can identify and quantify through satellite images and artificial intelligence algorithms, thereby providing farmers with unsecured credit loans."

"At that time, we will install an app on the farmers' mobile phones. They only need to manually circle the area of ​​their contracted land on the map, and it will be automatically uploaded to the satellite. I call this plan the Great Tit Project."

“Satellites? That would require leasing satellites from other countries,” Bai Ou said.

"The commercial use of satellites is becoming more and more common now, so it's not a difficult thing to do," Fang Qingye said with a smile. "We can even launch our own satellites."

"Huh?! You're going to get into satellites?!" Bai Ou looked at Fang Qingye in surprise.

Fang Qingye didn't answer directly but asked, "You know Musk, right?"

“Yes, I know. His company manufactures Tesla electric cars, and Huang Hua bought one,” Bai Ou said.

"No, no, it's part of his business. He founded SpaceX in the early 2000s to develop and manufacture rockets. This year (2015), SpaceX announced plans to develop a satellite internet service, planning to launch approximately 1.2 communication satellites into orbit, with operations starting in 2020. He calls it 'Starlink.'"

“Some people say he’s just bragging, that it’s all just a fantasy,” Bai Ou said, gently linking her arm with Fang Qingye’s.

"No, I'm not bragging, it will all come true in the end." Fang Qingye looked up at the azure sky: "Our journey is to the stars and the sea. I really admire Musk for that."

Bai Ou also looked up at the sky, and a flock of white doves fluttered their wings and flew by.

After the Labor Day holiday, Fang Qingye convened another meeting of bank presidents, saying that she had contacted Ma Yun and that Chen Danlu would lead a team to Hangzhou to renegotiate with Zhang Jianfeng. She then called Lu Hui of Shencheng Hengrong Digital Technology and said that once Jinghai Bank and Alibaba reached an agreement, they would immediately begin developing a risk control mathematical model.

Another major event in China's financial sector in May is the 2015 Lujiazui Forum, which will be held at the end of the month in Pudong, Shanghai.

The Lujiazui Forum is an international high-level dialogue platform jointly hosted by the Shanghai Municipal Government, the People's Bank of China, the China Banking Regulatory Commission, and the China Insurance Regulatory Commission.

Held annually since 2008, the event aims to bring together experts, scholars, and regulators from home and abroad to discuss current economic hotspots and provide a high-level international dialogue platform for government leaders, financial leaders, and renowned experts and scholars to discuss major global financial issues, thereby promoting and deepening global dialogue and cooperation in the financial sector and accelerating the construction of Shanghai as an international financial center.

We are honored that Jinghai Bank also received an invitation from the forum organizing committee to participate in the forum and speak at the "Internet Finance Development and Regulation" sub-forum on the morning of the second day.

At the governor's meeting on Monday, Fang Qingye announced the invitation letter from the organizing committee.

This is great news! The three vice presidents beamed with joy.

"Congratulations, Fang Xing," Chen Danlu said with a smile.

"The Lujiazui Forum has become a high-level international dialogue platform with a wide influence. It is the most influential forum in China's financial field and one of the few most influential economic and financial forums in the world. Participants include leaders of the domestic financial system, famous scholars, and representatives of major Chinese and foreign banks and international institutions. I heard that Jinghai Bank is the only small and medium-sized bank invited."

“Exactly, attending this forum is much more prestigious than receiving any awards for small and medium-sized banks,” Deng Hui said with a smile. At the 2014 Small and Medium-sized Banks Summit Forum held in Shenzhen last October, Jinghai Bank won the title of “Best Small and Medium-sized Bank of the Year.”

However, Fang Qingye went to the United States and had Deng Hui open the car on her behalf.

Faced with the congratulations from the three vice presidents, Fang Qingye did not seem particularly happy. Instead, she smiled faintly and said, "Last year, President Deng hosted the Small and Medium-sized Banks Summit Forum on my behalf. How about you host this meeting for me, President Chen?"

"No, no, I'm not qualified." Chen Danlu immediately waved his hand: "Director Luo from the central bank even called you specifically to tell you to prepare properly. I wouldn't dare to overstep my bounds."

"Alright, that's settled then, Zhao Xing. Have the General Office give the organizing committee a reply, and I'll attend on time," Fang Qingye said.

"Ok."

After the three bank managers left, Fang Qingye looked at the exquisite invitation on her desk, picked up her teacup, and walked to the window to look out.

It's afternoon now, and the weather is exceptionally hot and humid.

Before his rebirth, as a financial professional, he remembered that this year's Lujiazui Forum was unlike any other, which was usually calm and peaceful. Various domestic and international viewpoints clashed at the forum: the debate over the marketization of the RMB exchange rate, the competition over the coordination of financial regulation, and the debate over the positioning of internet finance.
Not only do experts and scholars hold differing opinions, but even senior financial officials have not reached a complete consensus.

Then, crises such as stock market crashes and exchange rate fluctuations erupted in a concentrated manner within six months!

Some later described the 2015 Lujiazui Forum as a "stress test" for China's financial reforms.

"got windy."

Fang Qingye looked at the leaves of the large banyan tree in the yard, which were swaying slightly.

Just then, the phone rang. Fang Qingye saw that it was Ma Yun calling, so she picked it up.

"Congratulations, Mr. Fang, on representing small and medium-sized banks at the Lujiazui Forum." Ma Yun's not-so-standard voice came from the other end of the microphone.

“Mr. Ma, I’m not qualified to represent small and medium-sized banks,” Fang Qingye immediately stated, then changed the subject, asking, “Mr. Ma, I saw that Ant Financial will be giving a ‘scenario-based finance’ demonstration. Will you be there?”

"I won't be going. Ant Financial President Jing Xiandong will be attending. To be honest, the leaders attending the meeting don't like me."

"Hehe." Fang Qingye chuckled and didn't continue the topic.

"Mr. Fang, I'm calling today to invite you to a private tea party I'm hosting at Taiji Zen Garden. It's mainly for some friends to chat over tea."

"Okay, when?"

"At the end of this month, on May 31st."

"Haha, I just made it in time after attending the forum in Shanghai."

"Of course, I can't let you miss such an important meeting."

(End of this chapter)