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

Chapter 700 "Hehe. This is an open strategy."

The meeting lasted all morning and ended at noon. At noon, President Pan invited Fang Qingye to have lunch in the company cafeteria.

"The country has repeatedly issued orders against lavish banquets and drinking, and there are also eight regulations, so President Fang, I'm sorry to trouble you." President Pan sat down opposite Fang Qingye with a tray of food, with Director Luo accompanying him.

"It's alright, the food here is pretty good. To be honest, I'm not picky about food," Fang Qingye said with a smile.

"They're particular about tea," Director Luo added from the side, and everyone laughed.

"President Fang, it is estimated that the five major banks will announce their joining the cloud accounting alliance in a few days. As the initiator, Zhiyun Technology, I suggest that you first draft the relevant charter of the alliance, and then we can hold an alliance meeting to discuss it."

“No problem.” Fang Qingye readily agreed: “My initial idea is to hold a Cloud Ledger Forum at the same time as the alliance meeting, and invite well-known domestic and foreign banks and technology companies to participate and jointly discuss the cloud accounting system and put forward valuable opinions and suggestions.”

"Hehe, President Fang, this is a well-intentioned strategy." President Pan laughed, "Leaving aside domestic banks for now, just look at the attitudes of international investment banks like Goldman Sachs and UBS! Okay, I support it!"

That afternoon, Fang Qingye flew back to Shanghai. The next day, he briefed senior executives at Zhiyun Technology, including Xin Tiejun, on the meeting at the central bank, and everyone was overjoyed.

I never expected that my boss would cause such a huge mess just by attending a wedding in Yanjing!

"My task is complete. Now it's up to you guys," Fang Qingye said with a smile.

"Don't worry, we will do our best!" Xin Tiejun said confidently.

A few days later, five major domestic banks simultaneously announced on their official websites that they would join Zhiyun Technology's cloud accounting alliance to jointly solve some of the difficulties and pain points in the traditional financial sector.

Zhiyun Technology also announced on its official website that it will begin drafting the relevant rules and regulations for the alliance and will hold the first alliance conference in January 2016, along with a cloud account forum, which will invite relevant domestic and foreign financial and technology company leaders and experts to participate.

Five major Chinese banks simultaneously announced their membership in the Cloud Ledger alliance!

This news quickly spread throughout the financial world, with prominent financial media outlets such as the Financial Times (UK), Bloomberg (US), Nikkei (Japan), and Lianhe Zaobao (Singapore) reprinting it extensively. Some exclaimed that overnight, an alliance to rival Western Corda had been established in China!

Goldman Sachs headquarters, Wall Street, USA.

Located in Lower Manhattan, adjacent to the Hudson River, and close to the New York Stock Exchange and One World Trade Center.

The 43-story glass-walled skyscraper, designed by renowned architect Henry Cobb, opened in 2010. It is known for its environmentally friendly design and the "column-free space" of its trading floor.

The top floor houses the offices of the group's Chairman and CEO, David Solomon, and his core team, including private meeting rooms, a strategic decision-making room, and an executive reception area.

This place has its own security check and security team. Not only is the interior luxurious, but the corridors also display modern art from Goldman Sachs’s collection, such as works by Damien Hirst, like the “Nature History of Hirst” series and the “Butterfly Painting” series, which are quite valuable.

It's almost 6 p.m., the time to leave work, and in the chairman's spacious office, David Solomon and President and Chief Operating Officer John Waldron are sitting on a plush sofa, drinking coffee and chatting.

“David, what are your thoughts on the Cloud Ledger alliance established by China’s Zhiyun Technology? Will Goldman Sachs join this alliance as a founding member?” John Wald asked.

“John, this is a real headache,” David said with a sigh, rubbing his temples.

"The emergence of the Cloud Ledger Alliance completely disrupted our plans. We could have used the Corda Alliance, together with investment banks such as Morgan Stanley and UBS, to complete the formulation of the next generation of financial transaction rules, just like the 3G, 4G, and 5G standards in the communications field."

“Oh, David, your analogy isn’t quite right, because a Chinese company has already joined the 5G standards competition and gained an advantage; its name is Huawei.” John smiled slightly. “Yes, the Chinese are no longer just following suit; they are challenging the rules set by the West,” David remarked.

“I don’t think this is necessarily a bad thing.” John seemed somewhat dismissive.
"A market economy is all about competition. It might not be a good thing if Corda is the only player. It has its limitations! Due to its fees, weak ecosystem and developer community, and highly limited application scenarios, etc. Moreover, R3's attitude is too arrogant. They think that by creating Corda, they have the highest key management authority, and they ignore our requests because they know we have no other choice!"

David glanced at him and said, "The R3 executives are indeed a bit arrogant, but don't forget, it's an American company! The Zhiyun Technology employees may be humble, but they are Chinese!"

John was speechless, picked up his coffee cup and took a sip.

He knew his boss well; he was a typical American supremacist.

“And John, don’t forget, the man who actually controls Zhiyun Technology, Fang Qingye, is even more terrifying!” David warned.

"Just because we suffered losses in the LEM futures market recently? Among the Chinese companies opposing us is Hong Kong Tuofang Hedge Fund, controlled by Fang Qingye?" John retorted.

“NO NO.” David shook his head: “It’s not just that. According to the intelligence we at Goldman Sachs China have obtained, Tomorrow Cube, the high-frequency quantitative trading company controlled by Fang Qingye, is secretly developing a large AI model, and some of it has already been used in the data analysis of Topway Hedge Fund in Hong Kong. This is also a huge threat to us!”

"Wow, this Fang Qingye is really something," John laughed.

"Yes, and more importantly, Fang Qingye is a staunch nationalist! What good would it do us if someone like that controlled 'Cloud Ledger'?!"

This one
John was speechless once again.

Although he felt that his boss liked to make a big deal out of things.

"As for whether we should attend the Cloud Ledger Alliance Forum in January, let's observe the situation of other investment banks before making a decision," David concluded.

"OK."

"Who's talking about me behind my back?!" Fang Qingye was fishing at Dazong Lake at that moment.

The temperature in Nanxin at the end of November is around 10 degrees Celsius, which is not too cold. Fang Qingye drove here early this morning to go fishing.

Zonghu Lake is the largest lake in Nanxin. It has a wide surface and clear water, making it a great place for wild fishing. Wearing a fleece-lined windbreaker, warm cotton pants, leather shoes, and a warm hat, he still felt a bit cold in the wind by the lake, which made him sneeze.

Of course, he didn't think it was because of the cold weather; he guessed that someone was talking badly about him behind his back.

After finishing his work at Zhiyun Technology, he returned to Nanxin. The specific preparations for the meeting were handled by Zhiyun Technology's senior management team, so he didn't need to worry about it.

What's bothering him is that there are just too many meetings lately. For example, the organizing committee of the 12nd Wuzhen Internet Conference has sent him an invitation to attend the summit in mid-December in his capacity as president of Jinghai Bank.

I really don't want to go, and there's nothing much to say if I go. But if I don't go, I'm worried people will say I'm being too arrogant.

Are you acting like a diva?

Why.
Little did he know that the organizing committee of the Internet Conference was racking its brains over how to invite him to participate.

(End of this chapter)