If you cheat, money will follow

A few days later, Zeng Xi set off and took Xu Xiaolan on the Leda 2 to the Magic City.

After being received by the organizer, check into the Waldorf Astoria Hotel.

Since Zeng Xi arrived at the hotel, the financial summit has attracted significantly more attention.

At least within the industry, attention has increased.

In the hotel lobby, Zeng Xi saw many acquaintances.

There are group CEOs mainly engaged in the pharmaceutical industry;

There are internet business tycoons;

There is an investment chairman of a state-owned bank;

There is the executive chairman of a multinational investment bank;

There is a high-profile real estate company CEO;

There are economists of long standing;

Local political leaders are indispensable...

The specifications are very high and the level is very high.

Zeng Xi shook hands and smiled at these "giants" one by one.

In the past few years, apart from managing the company, her main job has been to do this.

After checking into the hotel, putting down the luggage, Zeng Xi took Xu Xiaolan shopping.

Yes, she and Xu Xiaolan can be seen all over the major shopping malls in Shanghai, returning home with large and small bags.

This is also Chang Le's suggestion. The summit should be held for a few days and played for a few days, and treated as a tourist.

In order to enhance the persuasiveness of the suggestion, Chang Le also specially provided shopping funds for the two of them.

Both are treated equally, with a quota of 20 each.

This made Zeng Xi and Xu Xiaolan feel happy.

Truly become a tourist and enjoy the prosperous scene of the modern city.

When Zeng Xi and Xu Xiaolan returned to the hotel with their large and small bags and passed by the lobby, some familiar attendees burst out laughing when they saw this.

"Mr. Zeng and Minister Xu, you are so happy." A real estate manager came over and said with a smile.

"Haha, I'm usually busy with work and don't have much time. It's a rare opportunity to come to Shanghai, so I can't miss it." Zeng Xi said truthfully.

"..."

The next day, the financial summit opened.

Local leaders from Shanghai, the rotating chairman and directors of the Entrepreneur Forum delivered speeches respectively.

Then the local leader and the God of Wealth of the state-owned banks gave a keynote speech.

Then move on to the keynote speech.

Domestic capital tycoons and corporate CEOs talked about their understanding of finance, the current difficulties they face and their solutions.

Each theme is grander and broader than the last:

“Financial markets should be fully open to private capital.”

"The era of great financial development has arrived"

“There is a lack of real financiers in the country”

Some topics show tit-for-tat trends:

“Vigorously promote financial innovation” VS “further strengthen risk management and control of financial innovative products”

"Business mergers and acquisitions require financial support" VS "Business mergers and acquisitions only have money but no use"

Some topics are more like giving a work report than a keynote speech.

The ones who attracted the most attention were Mr. Ma and Lao Ma.

His keynote speech was: The financial system needs disruptors.

He talked a lot about the financial Internet and Internet finance, with sharp words and spicy sentences.

The goal was very clear, and the style was consistent with that famous speech in his previous life.

However, we are currently at the peak of our careers. Although our words are sharp and domineering, most of the attendees listened, laughed, and let them go.

During the keynote speech session, the organizer originally wanted Zeng Xi to come, but Zeng Xi declined politely.

Entering the topic discussion session, Zeng Xi could no longer refuse.

She was called to the podium as a panellist.

The topic is: virtuality and reality in finance.

An unknown economist said:

"This topic is very good and can be understood as a financial services company. Any economic activity can be boiled down to two major categories, one is physical transactions and the other is financial transactions."

"The current problem is that financial transactions are separated from physical transactions, and there is no connection between the two, leading to virtualization and bubbles in transactions."

"The subprime mortgage crisis in 08 was largely caused by this reason."

"The current trend is not only that financial institutions are fond of financial virtual transactions, but all physical enterprises are also inclined to this transaction method and are unwilling to engage in physical transactions."

“If manufacturing companies are unwilling to engage in manufacturing, how should financial institutions serve the manufacturing industry?”

The CEO of an entity group said:

“It is an indisputable fact that physical enterprises prefer financial transactions, which is related to issues of cost and profit.”

"Financial transactions make more money, make money quickly, have large profits, and have a short timeliness, while physical transactions make less money, make money slowly, have small profits, and have a very long timeliness. So everyone likes financial transactions."

“This cannot be entirely blamed on the physical enterprises, but largely due to the overall economic environment.

“If the general environment does not change, physical transaction costs cannot be reduced, and profits cannot increase, this trend will become increasingly mainstream.”

"Simply shouting slogans, doing propaganda, adding policies... will not be effective."

"Forcing financial institutions to serve real businesses has little effect."

A bank CEO said:

"This situation exists objectively, but the banks cannot be entirely blamed."

"Many people think that banks dislike the poor and love the rich. In fact, the room for bank loan interest rates is already very small, and the interest spread is only about 1%. If it decreases further, banks will lose money."

"Our operating costs are already quite high now. For safety reasons, each loan must be subject to various risk controls, including mortgages, pledges, guarantees, etc."

"The cost of these measures will increase by at least 30%-40%."

"The reason for this situation is due to the current situation in society."

So how to solve the overall trend of "shifting from reality to virtuality"?

A professor from a well-known university said:

"The interest rate on physical transactions is getting thinner and thinner. It is a general environment and a general trend. It is almost impossible to reverse this trend, and neither market means nor administrative means are possible."

“The key is to reduce entity transaction costs by lowering tax rates, while also preventing systemic financial risks.”

"The rapid expansion of financial transactions will cause financial bubbles, which will lead to rising public risk levels in the entire society. It is crucial to control risks."

Then, the host turned the topic to Zeng Xi.

Shifting from reality to fiction is the current international trend and environment. It has nothing to do with institutions and systems, but with human nature.

If you can make money every day by typing on the keyboard and come and go freely, who would want to get involved in the physical manufacturing industry that values ​​capital and manpower?

Zeng Xi may or may not have a solution to this problem.

"Mr. Zeng, although Leda Investment has always been very low-key, it is recognized as a leading company in the financial field." The host said:

“In the past few years, every investment has achieved a win-win situation both physically and financially.

"Mr. Zeng must have unique insights on the issue of combining virtual and real finance. Please tell us how to solve this problem."

After the host finished speaking, the venue burst into applause.

Zeng Xi took the microphone, and almost everyone present was paying full attention, hoping to hear some clues.