The richest man started taking advantage of loopholes after joining Alibaba.

Chapter 298 Overstepping the Right to Mint Coins! The Death Sentence is Finalized and the Bank Manag

Sun Zheng stepped off the stage, his leather shoes making no sound as they trod on the thickly carpeted steps.

He returned to his seat in the first row, sat down, and smoothed out the wrinkles at the hem of his suit jacket with both hands.

In the front row, an elderly man sitting in the center shifted his body slightly.

He is the de facto leader of the highest-level regulatory body.

He extended his right hand, covered in age spots, and pressed the microphone switch on the mahogany table.

"Sizzle—"

A sharp electrical whirring sound instantly shattered the silence, amplified by the high-fidelity speakers, becoming extremely piercing.

Several security personnel quickly turned their heads.

Many people in the venue were so shocked that they shrank back.

The old man didn't look at the prepared speech. He raised his head directly, his eyes extremely sharp, and stared at Lin Che in the corner of the last row, which was more than ten meters away.

"Mr. Sun's words are only half right," the old man's voice was extremely deep, carrying an unquestionable authority.

The entire venue was extremely quiet.

"The problem with Weiguang Technology is not that it captured a few food delivery orders."

The old man paused, took a deep breath, and his eyes became even sharper.

"It lies in the monetization of credit."

Upon hearing these five words, the expressions of the heads of several large financial institutions in the front row changed drastically.

President Liu of China Construction Bank is holding a blue and white porcelain teacup in his hand.

"when."

The teacup slammed heavily onto the mahogany table, splashing tea that scalded the back of his hand, but he was completely unaware.

Mr. Wang, the general manager of China Merchants Bank, was completely out of breath. He stared intently at the wood grain on the table, and cold sweat broke out instantly, soaking the back of his shirt. The fabric clung tightly to his skin, feeling extremely cold.

They knew all too well the value of those five words.

Within the core financial circles, this is an absolute no-go zone.

Credit monetization.

The old man slammed his hands on the table.

"Bang!"

An extremely dull, loud bang echoed through the microphone throughout the entire huge fan-shaped venue.

"The state grants licenses to financial institutions in order to maintain macroeconomic order!" The old man spoke faster, his anger surging.

"But what is Microlight Technology doing?"

"You are using an extremely opaque algorithm to arbitrarily classify ordinary people!"

"A high score allows you to waive the deposit and pay after you consume, which is equivalent to giving real purchasing power to numbers created out of thin air."

The old man straightened up, raised his right arm, and pointed his index finger straight at Lin Che.

"You've transformed a string of virtual data into a universal equivalent!"

"What's this called?"

The old man suddenly increased the volume.

"This is tantamount to illegally issuing currency!"

The words "death penalty" crashed down on the meeting hall, sealing the deal completely, leaving no room for maneuver or explanation.

Labeling a private enterprise with the extremely harsh accusations of "illegally issuing currency" and "usurping the right to mint currency" is tantamount to declaring its physical destruction.

In the audience, several editors-in-chief of financial media outlets gasped. They looked at each other, their pupils contracting sharply, their eyes filled with extreme shock.

The glimmer of light is gone, completely and utterly gone.

Alibaba Vice President Sun Zheng sat in the front row. He picked up his teacup, took a sip of tea, lowered his head, and drooped his eyelids, forcibly concealing the ecstasy in his eyes.

This strangulation launched by the giants has finally come to a perfect end, and the guillotine of the state apparatus has finally fallen.

Lin Che sat in the last row. He did not stand up, did not speak up to defend himself, and did not show any sign of begging for mercy.

The iron folding chair was extremely cold, and the chill seeped through the black trousers and spread throughout the body.

He looked at the angry, ecstatic, and terrified faces in the front row, his mind remaining extremely calm.

In their previous lives, in 2020, those once-arrogant internet giants also faced such severe accusations. They panicked, immediately pledged to hand over all their data, and begged for leniency. In the end, they were completely dismantled, fined billions, and had all their core businesses brought to a standstill.

Lin Che had his right hand in his pocket. The metal USB drive was extremely hard, and its sharp edges were digging into his fingertips, causing him some pain.

He is waiting.

The stress test before revealing the cards has reached its limit.

He had to convince everyone that Microlight Technology was completely dead and had no chance of turning things around.

Only in absolute despair and arrogance can his counterattack tear apart the old order and establish new rules.

He wanted everyone in the room to witness firsthand the terrifying penetrating power of the luminous brain.

On the left side of the front row, Mr. Wang, the general manager of China Merchants Bank, closed his eyes in despair, his eyelids trembling violently.

It’s over.

His body slumped completely in the large leather sofa, all his strength completely drained.

That 5 billion, no, that 50 billion, has completely vanished.

The micro-light was characterized by the top leadership as "illegally issuing currency," and this low-interest loan, which was once regarded as a lifeline, will directly become the biggest compliance stain in the history of China Merchants Bank.

He will be immediately dismissed by the head office and may even face an extremely severe internal compliance investigation.

President Liu of China Construction Bank covered his face with both hands, digging his fingers deep into his hair. He buried his head deeply, resting his elbows on his knees, and dared not look at the leaders on the stage.

The general manager of the Bank of China's credit card center reached into the inside pocket of his suit jacket with trembling right hand and pulled out a small white plastic medicine bottle containing nitroglycerin tablets.

His hands were shaking so badly that he couldn't open the medicine bottle for a long time. He was so anxious that he was covered in sweat, which dripped down his face onto the carpet.

The air pressure in the venue was extremely low, and the air conditioner was blowing cold air, the sound of which was extremely jarring in the deathly silent venue.

Everyone is waiting for the final verdict.

The old man on the stage calmed his breathing, his chest heaving lessened, and he sat down again, picking up a red-covered document in front of him.

As you turn the pages, the paper makes a rustling sound as it rubs together.

"After a joint decision by multiple departments," the old man read out the bolded words on the document, his voice extremely cold and devoid of any emotion.

"We hereby order Weiguang Technology to immediately cease all business authorizations related to 'Weiguangfen'."

"Close all underlying data outgoing interfaces."

"Hand over the complete source code and absolute control of the Abyss artificial intelligence system."

The old man closed the file.

"Smack."

The sound of the documents closing signaled the death sentence for a company.

He raised his head, his gaze sweeping over the crowd and locking onto Lin Che, who was sitting in the corner.

The air in the entire venue froze completely, and the breathing of hundreds of people could not be heard at all.

All eyes turned back to the last row.

The extremely glaring, cold white overhead light shone on Lin Che's face, casting no shadows whatsoever.

The old man stared coldly at Lin Che.

"Lin Che," the old man's voice was extremely stern, carrying a strong sense of pressure.

He stretched out his right hand and tapped it heavily twice on the hard mahogany table.

"Tap. Tap."

"Do you have anything else to say?"

The old man leaned forward, his gaze extremely imposing.

"Relinquish control immediately!"

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