Rebirth: Super Banking System-Chapter 34 - 32: Let Me Go Crazy Too (Please Recommend!)_1

Chapter 34: Chapter 32: Let Me Go Crazy Too (Please Recommend!)_1

The next day.

At noon.

Tang Qing arrived at the restaurant.

To sign the loan contract with Zhang Dongqing and his friend.

Zheng Xiu didn’t come this time.

Thinking about it, it makes sense.

Given Zheng Xiu’s current status, he indeed shouldn’t be too involved in such matters.

Before, he was there to oversee Zhang Dongqing’s dealings and intimidate the other party. But everyone is familiar now, and they are not afraid of being exploited. Adding to that, they have outsiders present which could cause trouble if word gets out.

The owner of the clothing factory is named Lu Jianhui.

He has been in the clothing business for over a decade.

His factory is not small, with over a hundred employees, and considerable fixed assets. However, the process of getting a bank loan is too cumbersome, and small and medium-sized enterprises require high flexibility in funding.

Therefore, he had to resort to private lending.

Previously, he usually borrowed from others at a higher interest rate. A short-term monthly rate could even reach two and a half points. It was inevitable as it was only for one month, so he didn’t use it for several months. Customers have been stable for half a year.

You return the money quickly.

The other party needs to find someone else to lend again.

All these come with costs like time, manpower, risk and so on.

How could they not charge a higher interest rate?

He heard that Zhang Dongqing recently landed a big order and wondered if he had a bit more funding to lend for a month. Given their familiarity, he trusted that Zhang Dongqing wouldn’t charge him a high interest rate.

What Lu Jianhui didn’t expect was that Zhang Dongqing is also out of cash.

Lately.

Zhang Dongqing mentioned the matter of borrowing money from Tang Qing some time ago.

Lu Jianhui was also surprised.

There was such low interest?

What’s the difference between that and none? Hence he asked Zhang Dongqing to help with introductions.

Because Zhang Dongqing was the guarantor, the contract became a tripartite agreement. The content underwent some changes, but the terms remained clear and undisputed, and the contract term was one month.

The repayment date was signed for the second day of next month.

Unless he can confirm that he can upgrade before the first day, he won’t possibly sign before the first day, and add to his own risk. He naturally initiated various chats and investigation of information after signing the contract.

A guarantee contract can also be signed for bank loans.

Several enterprises jointly guarantee, if one can’t repay, several others will.

It is usually the same industry that guarantees one another. That’s also the sorrow of small and medium-sized enterprises. Even with asset mortgages, they must form alliances to survive. This is acceptable when the industry is booming.

However, when the industry is not doing well.

It can cause a chain reaction and take down a large number of enterprises at once.

The risk is high.

After the meal.

Tang Qing asked Zhang Dongqing to stay, saying he had something to discuss. Lu Jianhui tactfully paid the bill and left.

"Uncle Zhang, I want to ask something, do you know of any reliable people who need to exchange US dollars?" Tang Qing asked.

It was a decision he made after pondering over it all of last night.

He was very dissatisfied with the rate of his development. After lending this loan, his assets were unlikely to grow significantly in the short term. The feeling of returning to the starting point was unbearable.

Looking at the ten thousand balance in his account.

Tang Qing only felt two words---frustrated.

So he was preparing to take a gamble.

Yesterday afternoon, he had planned not to use this trick, fearing it would invite trouble. But now he couldn’t care less. Moreover, he had never thought of exchanging with the bank, but with private individuals instead.

Although there is risk.

But what doesn’t have risks?

Even drinking water can choke you to death, and going out can result in a dog bite.

The system didn’t say what the next open currency would be. If it opens Korean Won, Yen, or Vietnamese Dong or another controlled currency, then he really wouldn’t be able to operate.

"Why don’t you exchange it at the bank if you have US dollars?" Zhang Dongqing wondered.

"This is how it goes, a friend of mine has quite a lot of US dollars in cash. He wants to exchange it through me. I can also make some profit from the price difference. The bank checks too meticulously and the rate they offer isn’t beneficial. The exchange quota has limits as well, so I need to find a channel to exchange it," Tang Qing slowly explained.

This was just an attempt.

He wasn’t sure if Zhang Dongqing could help.

It was just him preparing to start this line of business. If Zhang Dongqing didn’t have a solution, he’d have to think of another way.

As to why it has to be cash and not just him opening a US dollar account and directly transferring US dollars, it’s because he didn’t want to invite trouble. Cash exchange is fine, but cross-border transfers can lead to complications with money laundering.

Foreign exchange transfers within the country are all under strict scrutiny.

At this stage, he is unable to manipulate those.

Although every transaction involving the system can be legally carried out or traces erased by the system itself, this kind of legality in the domestic sphere is as conspicuous as a firefly in pitch black darkness.

If he dared to involve a large-scale dollar exchange in his domestic accounts,

He would certainly be in deep trouble.

"The banks are indeed strict. If you want to buy dollars, I heard you have to go to the Public Security Bureau to register and get a stamp. The procedures are complicated and there’s a quota limit for each person. If your reason isn’t substantial, they simply won’t let you exchange. However, because of this, many black market forex traders have emerged. Whatever the amount you want to exchange, they would accept it." Zhang Dongqing said, looking puzzledly at Tang Qing.

"I’m not familiar with it, afraid of being ripped off." Tang Qing replied honestly.

He, of course, was aware of these folk individuals engaged in this forex trading business.

It’s not only officials

There is also a large amount of ordinary people in urgent need of dollars.

For instance, those who want to study abroad, travel, and for other various reasons, need a large amount of foreign currency. However, each person’s annual quota for foreign exchange is limited. Tang Qing later remembered the limit was fifty thousand dollars a year.

He didn’t know when this policy was implemented.

Generally speaking, this would be more than enough for international shopping, but the problem is that there are many wealthy people who do not want to use their personal quotas, or have exhausted them already, but still want to shop indiscriminately abroad.

Other people would launder money and transfer assets through underground banks for overseas gambling, investing in U.S. stocks or Hong Kong stocks, and even collect or store dollars for bribery, owing to their bizarre habits.

It’s simply countless.

This huge demand

The domestic banks absolutely cannot meet it.

Even Tang Qing thought that it would be good if domestic banks could meet ten percent of the demand. The other ninety percent was likely channeled to the general public by these dealers. As you can imagine, the transaction volume here is quite large.

It’s simply staggering.

Basically, the domestic Forex market’s supply is less than the demand, and the demand has always been very robust. No matter how much capital, it can be absorbed.

The key question is, what are these dealers doing with all these funds?

Partly, it’s for those who want to study abroad or travel and shop heavily, where the national regulation is not too strict. However, a significant part of it is used to launder money, smuggle goods, and illegally transfer personal assets and so on.

Cooperating with them is extremely risky.

He can’t tell the difference between the two, and if he’s not careful, he might get himself involved.

"Yes, that industry is a mixed bag and quite chaotic. If you only have a small transaction, you can approach them. But if it’s a big deal, that might attract unwanted attention and it could end up causing a lot of trouble," Zhang Dongqing nodded.

"Yeah, my friend has a great connection, lots of dollars, but only in cash, no transfers," Tang Qing chimed in.

"Ok, I happen to know a businessman who likes to deal in large amounts of dollar cash. I am not sure if he still needs it. But if you are willing to give a preferable price, then it should not be a problem," said Zhang Dongqing.

As for what Tang Qing’s friend does

He, Zhang Dongqing, was not so naive as to ask. But so much dollar exchange most likely means that the friend got the foreign exchange from the bank, or he is also one of the forex dealers.

However, either way,

That has nothing to do with him.

He judges friends only by whether they are trustworthy and if he gets along with them, not by whether they abide by the law or not. If they are his kind of people and have a justified reason, he would still toast to a good friendship.

"Thank you, Uncle Zhang," said Tang Qing in gratitude.

"It’s a small matter; no need to wait until next time; I’ll ask him right now if he needs it or not," said Zhang Dongqing before taking out his phone.

Seeing that Tang Qing was quite anxious,

Zhang Dongqing didn’t want Tang Qing to wait in stress.

If Tang Qing were just another friend, he could’ve cooled down and delayed a bit to show how difficult the situation was, and in the end, the other party might even be thankful to him for his effort as if he had gone through a lot of troubles. However, as Tang Qing was a friend who he recognised,

There was no need to play these mind games.

A true friend should have the privileges of being a true friend.

Zhang Dongqing got through to his friend.

"Brother Liu, what are you busy with?" Zhang Dongqing greeted.

"It’s the middle of the day, of course, I’m eating. What’s the matter? You haven’t contacted me in a long time."

"Well, I’ve been busy recently."

"I know you’ve got a big order. Why didn’t you tell me when you were short of money? That’s really quite impersonal. Are we still friends?"

"You are my ultimate weapon; how could I resort to using you easily?"

"Haha, clever boy, Dongqing. So, what do you need from me today?"

"Brother Liu, do you still need dollars? I’ve got a friend who has a lot of dollar cash."

"I say, Dongqing, when did you start doing this sort of thing?" The voice on the other end became serious.

Zhang Dongqing quickly said, "He’s a really good friend, I’m just inquiring on his behalf."

"Alright. Ask him how much he has? If it’s a small amount, I don’t want it."

"Wait a moment, I’ll ask right now," Zhang Dongqing covered the receiver, "How much do you have?"