After Divorce, I Can Hear the Future
Chapter 946: Stablecoin
"Mr. Liu, on behalf of the Hong Kong Stock Market, I welcome the joining of JD Group."
Chen Jiebin beamed with a glow on his face, raised his glass, and expressed 120% support for Tianxing Finance’s assistance in JD’s dual listing in Hong Kong, promising to spare no effort to provide help.
Sometimes, he couldn’t help but sigh, Ma Yun’s strategic foresight is truly unmatched, even someone as prominent as Lu Liang may not surpass him.
Because as early as 2014, Old Ma had already anticipated today’s financial policies and proposed the concept of dual listings with different voting rights, but the Xiangjiang Government did not agree at that time.
Later, as trade tensions between the two countries intensified, the domestic market began implementing an economic circulation strategy, which simply put means every industry should be ready for the worst-case scenario of self-sufficiency.
Starting last year, Chen Jiebin actively advocated for changes to the Hong Kong Stock Exchange regulations and lobbied for Alibaba’s return to Hong Kong stocks.
There was just one thing he hadn’t expected, not only did Alibaba agree to a dual listing in Hong Kong, but even Tianxing Finance relocated their whole family to Xiangjiang during that time.
The former brought prestige, while the latter brought both substance and prestige, continuously injecting fresh blood into the Hong Kong stock market.
Now, with the addition of JD, in due time, more Chinese concept stocks are bound to return. US listings will no longer be the most ideal choice for businesses across the Taiwan Strait and three places.
The status of the Xiangjiang International Financial Center will only become more stable, and the Xiangjiang Market will only get better in the future.
This is also what Chen Jiebin hopes for, after all, in Xiangjiang, he has reached the pinnacle of his position. Even the current Chief Executive or police commissioner wouldn’t dare to claim superiority over him.
He also has no intention of entering mainland management, just wanting to do his best during his term to improve Xiangjiang, leaving a legacy for himself.
Daqiangzi, with a smile on his face, cupped his hands and said, "Director Chen, you’re too kind. We at JD are also very happy to join the Hong Kong stocks and contribute to the prosperity of Xiangjiang."
The two engaged in polite conversation and mutual praise. Suddenly, Chen Jiebin directed the conversation to Lu Liang, sighing, "In the end, the person we should be most grateful for is Mr. Lu."
Lu Liang waved his hands repeatedly and said with a smile, "We’re just exiting US stocks and were worried about not having a place to spend money. It’s a win-win-win transaction."
"It was because Tianxing Finance divested from US stocks," Chen Jiebin sighed lightly. JD, following Alibaba’s example in dual listing in Hong Kong, might bring all the pressure onto Lu Liang.
After all, it’s akin to poaching from US stocks, seriously speaking, it’s shaking the foundation of the United States financial system, and those vested interest groups definitely won’t let Lu Liang go. .
Lu Liang smiled calmly, "Even if I don’t do this, they wouldn’t let me go, it makes no difference."
He paused for a few seconds and added, "I just hope that one day, our businesses don’t have to travel far across the ocean to list in foreign lands, like lab mice being endlessly examined."
Upon hearing this, both Daqiangzi and Chen Jiebin showed a trace of admiration in their eyes.
To outsiders, his words might sound a bit too ’righteous’, but they knew this was Lu Liang’s heartfelt sentiment.
Because he is already illustrious now, there is no need to use empty, grand words to gild himself.
According to Maslow’s hierarchy of needs, after satisfying material needs, people turn to higher-level spiritual pursuits.
Moreover, since Tianxing Finance is centered in Xiangjiang and radiates towards East Asia and even globally, the more prosperous Xiangjiang’s financial market becomes, the higher the development ceiling for Tianxing Finance.
The three talked until dawn. Daqiangzi was the first to leave Lu Liang’s office.
He had to return to the hotel to hold a remote video conference, urging the company to quickly form a team to conduct dual listing on Hong Kong stocks, aiming to announce this plan early to reverse the decline in stock prices.
Lu Liang did not ask him to stay, watching Daqiangzi depart, and then turned to Chen Jiebin, saying with a smile, "Director Chen, now it’s just us. If there’s anything, feel free to say it."
Since midnight, he had noticed that Chen Jiebin had something to discuss with him, but kept quiet because of Daqiangzi’s presence.
"Haha, nothing escapes you, so I’ll be direct. The authorities won’t allocate all resources to Bitcoin."
During this time, Tianxing Finance has been actively promoting Bitcoin in Xiangjiang, and Chen Jiebin is willing to give Lu Liang this face.
However, a few days ago, he had just returned from a meeting in Beijing and learned some news in advance.
Chen Jiebin suddenly asked, "Mr. Lu, have you heard of Stablecoin?"
"I’d like to hear more," Lu Liang frowned, as if he had heard it somewhere but hadn’t paid much attention.
Chen Jiebin slowly explained, "Stablecoin is also a type of cryptocurrency, but unlike Bitcoin, it is a digital currency pegged to real assets. In the future, it will likely be directly pegged to the US Dollar, 1 Stablecoin is approximately equal to one US Dollar..."
As Lu Liang listened, his tightly furrowed brows gradually eased, and the corners of his mouth lifted into a smile, "It’s better to channel than to block, right."
"Insightful!"
Chen Jiebin nodded, showing an approving look.
As Bitcoin prices surpassed $30,000, the global cryptocurrency market has taken initial shape. Government agencies in various countries have participated in investment and construction.
East Country can’t seal itself off like the late Qing Dynasty. They have suffered too much under US Dollar hegemony.
Unwilling to accept, knowing full well that Bitcoin is supported by the Federal Reserve and will eventually become an online derivative of the US Dollar, further stabilizing the dollar system while aiding its development.
So, they plan to take a different path.
Supporting Stablecoin,
Is the countermeasure that East Country has decided to adopt.
The unique encryption property of Bitcoin is also possessed by Stablecoin, and Stablecoin is also a digital currency pegged to real assets.
As long as it is pegged to real assets, the future price of Stablecoin will be relatively stable, fundamentally solving the issue of drastic fluctuations in cryptocurrency prices.
Moreover, pegging to the US Dollar, it’s aimed at the Federal Reserve, planning to indirectly shatter the scheme of the Federal Reserve supporting Bitcoin.
After all, the Federal Reserve supports Bitcoin, hoping that one day it can solve the US debt problem. Only with the continuous inflation of Bitcoin’s price can it complete its historical mission.
Conversely, if Bitcoin’s price doesn’t inflate, fluctuating within a fixed range like Stablecoin, it becomes a useless thing unworthy of promotion.
Originally, to develop the cryptocurrency market, it was claimed to facilitate prosperity in international trade by promoting ’peer-to-peer’, reducing exchange rate losses during the central banks’ settlements in various countries.
This notion is similar to how East Country now supports the new energy industry, outwardly advocating environmentalism, but it’s all business at heart.
"By then, the Xiangjiang Gold and Silver Exchange should issue financial licenses for Stablecoin, right?" Lu Liang asked.
If Bitcoin is seen as an ever-expanding online US Dollar system, then the Stablecoin that East Country intends to promote should resemble an online Hong Kong Dollar, just a kind of token.
It’s not hard to guess why Chen Jiebin would say that they won’t solely support Tianxing Finance in promoting Bitcoin in the future.
After all, it’s a token, and Xiangjiang has a lot of experience; you must know that the Hong Kong Dollar has been pegged to the US Dollar at a 7.8 exchange rate until now.
If the stablecoin system matures, and plans to issue and promote in the future, the first pilot city in the country will definitely be Xiangjiang.
Chen Jiebin nodded, "The issuance of a stablecoin license will likely refer to the initial payment licenses, just stricter."
"Then we’ll reserve the first stablecoin license in Xiangjiang for Tianxing Finance," Lu Liang laughed.
Chen Jiebin was taken aback, "No objections?"
"Investing in Bitcoin before was to make money, and it’s the same with investing in stablecoins now," Lu Liang said.
If stablecoins are issued, they will definitely impact Bitcoin in the East Asian market, but it doesn’t matter.
Because when stablecoins develop and plan to go global, if not relying on our Tianxing, do we rely on HSBC?
The state has already put a little chick that can lay golden eggs in front of us; we only need to feed it a bit of grain every day, and this chick might grow up. Lu Liang has no reason not to agree.
Chen Jiebin chuckled, "Having multiple choices isn’t really a bad thing for you."
"It’s already so early," he looked towards the sky, which was gradually turning pale, and stretched lazily, "I should head off first."
Lu Liang hurriedly said, "Let me have a driver take you, just in case you get caught for drunk driving, tomorrow’s headline will be about you."
Chen Jiebin waved his hand, politely declining Lu Liang’s suggestion, "Won’t be driving drunk, taking the subway will do."
"The dignified number one of the Financial Authority taking the subway?"
"What? Any objections?"
"None, and wouldn’t dare!"
Lu Liang chuckled but said nothing more.
In the following days, the Golden Dragon Index, representing Chinese concept stocks, continued to surge.
A single candlestick breaking three bearish ones, three bullish ones covering the sky.
Public opinion shaped momentum, market feedback, as if Lu Liang was the culprit hindering the rise of Chinese concept stocks.
Because he left, the index rose.
Institutions from the country are still observing, afraid that the current surge is paving the way for a future crash.
However, retail investors aren’t as rational as institutions. Seeing the US stocks rise significantly, they curse while missing out because they followed Lu Liang.
They cursed as they eagerly dived back into the US stock embrace.
"Trap."
Wen Chao sighed lightly, frustrated at the irredeemable ones.
Lu Liang told him that there might be a conspiracy against East Country ahead, and Chinese concept stocks might be completely wiped out.
Wen Chao has always had unwavering faith in Lu Liang’s words, not to mention that Wall Street institutions are pulling Chinese concept stocks up without sparing any effort.
Based on known information, it’s a typical trap to draw retail investors in and smother them.
After all, following them before, so much capital flowed out of the Golden Dragon Index that even if institutions wanted to short it, the profit space is extremely limited.
Lu Liang followed Wen Chao’s gaze and sighed as well, "Stop focusing on it, Mr. Liu has already brought the listing team over, this project will be your responsibility going forward."
Good advice falls on deaf ears; those retail investors rushing into the US stock market at this juncture to be cannon fodder, he really has nothing left to say.
Wen Chao nodded, took the documents from Sun Zheyuan, and headed to the conference room to meet with the JD listing team.
On October 18th, the ten-day World Military Games officially kicked off at Wuhan Stadium.
On the same day, Tianxing Finance announced it will assist JD Group in a dual listing in Hong Kong, with a market value of 45.5 billion US Dollars, raising 4.55 billion US Dollars, starting the Hong Kong stock market IPO.
Wen represented Tianxing Finance at a press conference, externally announcing that they are not only the stock issuer for JD’s listing in Hong Kong but also will invest 2.275 billion US Dollars to subscribe to JD Group’s Hong Kong IPO.
The news immediately sparked widespread market discussion.
After all, with Alibaba Group first, now JD Group follows, is this the beginning of the great era of Chinese concept stocks returning to Hong Kong stocks?
Lu Liang also immediately received a call from Damon, who was furious, questioning, "What exactly are you trying to do?"
"What are you guys trying to do? First suppress Chinese concept stocks, now pulling up to attract retail investors," Lu Liang retorted.
He added, "JD lacks funds for development, the stock price is so suppressed, it’s impossible to raise funds, so it’s emulating Alibaba."
Lu Liang stated, "You were the ones who took the lead in destroying market rules, which is why Chinese concept stocks can’t survive in the US stock market."
"In a market not suitable for corporate financing, dual listing becomes a necessary choice for corporate survival."
Damon was rendered speechless by Lu Liang, after all, it was indeed Gret that broke the rules first.
He sighed, "Morgan didn’t participate in this decision making."
"But Morgan also didn’t stop it, right?"
Lu Liang sneered, paused for a few seconds, and continued, "Damon, actually, I didn’t expect it to be you coming to find me."
"I heard that currently, Gret is the one in charge; Morgan can completely pretend to be unaware, let Vanguard clean up this mess. If they can’t clean it up, then won’t your opportunity come?"
His words were like the whisper of the devil, Damon sighed, "I have to admit, you really know how to shift the conflict."
Lu Liang calmly replied, "This isn’t shifting the conflict; I just believe Morgan has no reason to get involved."
"Really no reason?" Damon questioned back, if he understood Chinese, he would at least know the phrase, ’not a single egg remains safe in a toppled nest.’
"I believe there isn’t," Lu Liang laughed.