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Foreign Exchange Management Company Troubles (1)

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    ??

    Xiong Changsheng on the other end of the phone was obviously a little anxious, and Yi Xiaohai also took a deep breath.

    "Minister Xiong, I want to ask you, how much funds does the Foreign Exchange Management Company have?"

    "It should be about 2 billion US dollars"

    "Then how much money did you lose?"

    "8 billion"

    "Then how much time do you have?"

    "No later than the 12th"

    "One week" Yi Xiaohai shook his head and sighed: "Minister Xiong, if you want to double your existing funds in one week, or even make a profit, it is possible"

    Xiong Changsheng on the other end of the phone spoke urgently: "Is it true?"

    "Don't be happy yet, wait until I finish speaking"

    Xiong Changsheng seemed to know that he was a little impatient and asked Yi Xiaohai to speak.

    "You should have seen my original investment plan, so you should know that during the four days from the 5th to the 8th, the price of Brent oil futures was very unstable, and fluctuated greatly"

    Recalling this period of history, Yi Xiaohai did not have any confidence: "The fluctuation of prices is both an opportunity for us to make a comeback and a disaster I put it simply we need to turn 2 billion into a profit within a week."  10 billion. First of all, the financing ratio will be very high. Secondly, no mistakes can be made. It is very likely that the whole army will be wiped out with a change of a decimal point. The probability of success is less than 10%. No one has the confidence to do it"

    Xiong Changsheng didn¡¯t know how to hang up the phone, so he smoked a cigarette silently.

    If it is a private enterprise, you can bet on the 10% success rate in desperate situations.

    "But the foreign exchange management company is national, and now this situation is desperate. The final solution must be to stop losses rather than continue to take risks.

    But Xiong Changsheng was not reconciled to such a problem when the situation was obviously good.

    "Minister, there's another reminder over there"

    Xiong Changsheng¡¯s secretary reminded him in a low voice.

    "I'll be right away"

    Xiong Changsheng washed his face, straightened his clothes, and looked at himself in the mirror seriously. He felt that he should do something

    In the large conference room of the Foreign Exchange Department, Shi Yanlin, the head of the Foreign Exchange Department, who was sitting in the main seat, took another look at his watch.

    Just when he was about to ask his secretary to urge Xiong Changsheng again, Xiong Changsheng finally appeared in the conference room.

    "Deputy Minister Xiong, how did Yi Xiaohai respond?"

    "He said that it is almost impossible to reverse the situation before the 12th, and the probability of success is less than 10%"

    The current situation no longer allowed Shi Yanlin to hesitate. He was ready to cut his losses, but Xiong Changsheng spoke first.

    "Minister, I have something to say"

    Time is not allowed for them to waste now, but Shi Yanlin knows Xiong Changsheng, and he must have something to say at this time: "You said"

    "Since we started cooperating with Yi Xiaohai, in almost two months, the price trend of Brent oil futures he provided has basically been error-free. With his ability, I believe there is still a chance"

    Xiong Changsheng¡¯s words immediately attracted the siege of others.

    "We don't deny Yi Xiaohai's ability, but he himself said that the success rate is less than 10%, how can we believe him"

    "The Foreign Exchange Management Company is a national asset, we cannot gamble with it!"

    "Tell yourself, what are the chances of success?"

    "Everyone is quiet" Shi Yanlin did not agree with Xiong Changsheng's statement, but he did not deny it immediately: "Can you tell me the reason for taking such a risk?"

    "Before I tell you the reasons, let me first talk about the causes and consequences of this time"

    Xiong Changsheng has already thought about it in the office. He has said everything he can and cannot say today. He is ready to fight: "At the beginning, because of trust in Hongsheng Group, the foreign exchange management company suffered losses. Later, Yi Xiaohai's investment  The plan successfully helped the company turn losses into profits"

    He glanced at some people in the office and looked at their faces: "But while the minister was away, everyone held a meeting and rejected Yi Xiaohai's plan, which directly led to the huge loss of the foreign exchange management company this time"

    There was an old man wearing glasses next to Shi Yanlin, with a somewhat unhappy look on his face.

    Xiong Changsheng directly chose to ignore it and continued what he said: "I am not saying this to discuss who is right or wrong, but to say an indisputable fact. The result of a group of laymen dictating the financial industry will be a complete failure!"

    The old man wearing glasses squinted slightly: "What Vice Minister Xiong means is that so many experts are foreigners.People?  "

    Xiong Changsheng had known the skills of these people for a long time. He stared at the old man: "The experts that the ministry spends so much money on every year are not as good as a young man under the age of twenty. I would like to ask Deputy Minister Ji Jianjun whether they are experts or experts."  layman?"

    "Presumptuous!"

    Ji Jianjun glared angrily.

    "If Vice Minister Ji Jianjun wants to teach someone a lesson, you can do whatever you want after the meeting, but this is the conference room of the Foreign Exchange Department"

    Xiong Changsheng is on the same level as Ji Jianjun, but because of his older age and seniority, everyone usually respects him, but today Xiong Changsheng is not prepared to compromise.

    "Everyone knows right and wrong, right and wrong, but this is not the purpose of what I say What I want to say is that the reason why this loss is so huge, I have summarized a few points. First, we  The ministry¡¯s decision-making was wrong. Secondly, Xiangdao does not have the power to operate independently and cannot respond to unexpected situations. Thirdly, domestic and foreign financial markets are different. Don¡¯t always use domestic and foreign financial markets to compare.  Compare¡­¡­

    "I have said all this to tell everyone that if the reform is to be successful, it must be thorough. Now the Foreign Exchange Management Company is simply a puppet without a thought. What's the point of reform like that!"

    Ji Jianjun was made uncomfortable by Xiong Changsheng's words. Hearing his words, he was very disdainful: "The Foreign Exchange Management Company was established according to your proposal. Now it has failed. You said that the reform was not thorough. Is it because of the incomplete reform?"  Is it complete reform to put the country¡¯s property into your hands alone?¡±

    Ji Jianjun spoke, and several other vice ministers also spoke: "Vice Minister Xiong, the idea of ??reform is agreed by everyone and recognized by you yourself. There is still one week left before the time we agreed. At this time, you say  If the reform is not thorough, does it mean that we are shirking our responsibilities?"

    ¡°We originally agreed that the standard to measure the success of the reform is whether the foreign exchange management company can achieve profitability within one year!¡±

    Faced with so many people's doubts, Xiong Changsheng remained calm: "The Foreign Exchange Management Company is now facing serious losses, which is a huge loss to the country So I hope the ministry can give me a week. If within this week  If the foreign exchange company cannot make up for its losses, I will take the blame and resign"

    There was an explosion of coaxing in the office

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