Chapter 506 Unlimited Subsidies, Many Banks in the United States Go Bankrupt

Longxing Group Office Building.

President's Office.

Chen Xing walked into the office, looked at Xu Weiguo and made a gesture of invitation, saying: "Academician Xu, please sit over there first, I'll bring the computer over."

"Okay, thank you, Mr. Chen." Xu Weiguo walked to the reception area, but did not sit down. He was a little reserved.

However, this is also his experience in dealing with people. Before the "host" sits down, he should try to avoid sitting down first.

Besides, this time he has something to ask of others. If he sits down first, it seems that he is the host and the guest has taken over the show.

Although it is just a trivial detail, it also reflects Xu Weiguo's tactfulness.

Chen Xing walked to his desk, picked up the laptop on the side, turned around and saw Xu Weiguo still standing, and hurried to the negotiation area to signal: "Hurry up and sit down, don't be polite."

"Well, okay."

Xu Weiguo sat down.

Chen Xing arranged the tea set on the table and placed the laptop.

He didn't rush to open the computer, but took out his mobile phone and said, "I'll call and ask which CEOs are free."

"Sorry to bother you, Mr. Chen."

Xu Weiguo nodded slightly.

"Don't be so polite. Upgrading IPv4 to IPv6 Internet Protocol is a good thing for me, Longguo, and even the whole world."

Chen Xing smiled calmly.

For IPv4 Internet Protocol, except for the vested interest countries in the West, other countries are eager to upgrade IPv6 Internet Protocol as soon as possible.

Even an island country with a root server firmly supports upgrading IPv6 Internet Protocol.

Although it has a root server, it is an auxiliary root server, and the only main root server in the world is in the United States.

Xu Weiguo nodded in approval, and did not speak again, but waited quietly.

Chen Xing also opened the phone's address book, found the mobile phone number of Ren Guofei, the CEO of Kunpeng Company, and clicked the dial button.

Kunpeng Company's layout in core network equipment such as routers, switches, and DSL modems is far deeper than Longxing Group.

Do you think it sells mobile phones?

No!

The main business is communication network and providing technical support for hardware.

"Beep beep--"

After a few busy tones, Ren Guofei's hearty voice came out.

"Haha, I knew you would call me to ask about the progress. I have to say that the engineers of Jiangyu Technology are really amazing. In less than half a month, our flying car has been able to hover at ten meters."

Since Longxing Heavy Industry got on track, Ren Guofei has been immersed in the Fengtian Automobile R&D Base, which is the Northern Automobile Production Factory.

As for Kunpeng Company, he handed it over to Ren Wanzhou to manage.

In the past, he was worried about Western sanctions. If there was a slight mistake, he would be doomed. Now that he has Longxing Group as his big brother, and the domestic industrial chain is gradually maturing, Ren Guofei handed over a stable trillion-dollar group to Ren Wanzhou.

As long as she doesn't commit suicide and doesn't take the initiative to leave the cooperative supply chain of Longxing Group, Kunpeng Company will basically be fine.

It is precisely because Kunpeng Company has entered a stable period that Ren Guofei can take time to stay in the Northern Automobile Production Factory.

Seeing that the other party misunderstood his intention, Chen Xing explained: "It's not about this, it's about the IPv6 Internet protocol. Do you have time to hold a video conference?"

"You want to develop IPv6?"

"It's not me, it's the country that needs development. Academician Xu Weiguo is sitting next to me."

Chen Xing had already made it very clear, and Ren Guofei immediately reacted and responded quickly: "Then I must be free."

"Then I'll pull up a group video later."

"Okay, I'll wait."

After hanging up Ren Guofei's phone, Chen Xing called Xiao Ma Ge again.

Since it was the time for the first quarter report, Xiao Ma Ge obviously misunderstood it, saying that Penguin's first quarter report had not been audited yet and the dividend could not be determined.

In the next few calls, these CEOs all misunderstood Chen Xing's intention.

Xu Weiguo, who was standing aside, was terrified. He only now realized that Chen Xing had invested in so many companies.

Penguin.

Alibaba.

Qihoo Technology.

These well-known companies actually have in-depth cooperation with Longxing Group. He can be said to have seen the world.

…

After a round of phone notifications, Chen Xing also opened the laptop on the desktop, then logged into his WeChat and sent a group video invitation to the company boss he had just contacted.

After a while.

The video was connected one after another.

"Boss Ren, Boss Ma are both here?"

"It seems that the IPv6 Internet protocol is quite attractive. The busy people who usually have to make an appointment to meet are here."

"Red Cannon, you are doing live broadcasting, why are you here too?"

"You are talking nonsense. No matter who is doing IPv6, I, Zhou Hongwei, will help the scene. After all, I am engaged in network security."

"Boss Ma, Boss Zhou, put your grudges aside for now. Boss Chen and others are still watching. It is not appropriate to quarrel again."

The 3Q war between Zhou Hongwei and Xiao Ma Ge was well known to everyone and was a unique youth memory of the 80s and 90s.

Because in 2010, those born in the 1980s were only 30 years old, and the youngest born in the 1990s were already 11 years old. They were all the main force of the Internet and basically witnessed the competition for the top spot in the Internet.

Although the two companies entered a white-hot stage and were mediated by relevant departments, the feud between Zhou Hongwei and Xiao Ma Ge was settled.

"Mr. Ren is right. Let's put personal grudges aside for now. This is a video conference to discuss the IPv6 Internet protocol."

After Chen Xing finished speaking, he moved his notebook slightly to the right and introduced: "This is Academician Xu Weiguo in the field of computer science. You should be familiar with him."

"Academician Xu is here too?"

"It turns out that Academician Xu is here, long time no see."

"Haha, no wonder Mr. Chen suddenly mentioned the IPv6 Internet protocol. It turned out to be Academician Xu who was behind it."

All the bosses suddenly realized.

The circle of computer Internet is very small, or the top circle is very small.

No matter which field you are in, even if you are engaged in waste recycling, as long as you reach the top level in the industry, you will naturally get to know other top resource recycling leaders in the industry. This is the top circle in the field.

Whether it is Zhou Hongwei, Xiao Ma Ge, Jack Ma or Ren Guofei, they are all inseparable from computers and the Internet, and they must have thought about poaching talents in related fields.

This can also explain why they all know Xu Weiguo.

"Good afternoon, bosses. I didn't disturb your rest, right?"

Xu Weiguo said hello.

"What the hell, it's past the nap time now, Academician Xu is polite."

"Haha, Academician Xu is still so funny."

"Then again, Academician Xu is with Mr. Chen, and Mr. Chen is taking the lead in organizing this bureau. It seems that you have reached an agreement?"

“Is IPv6 really going to be implemented?”

The bosses of the company were talking a lot, and they also talked about the whole story.

"That's right."

Before Xu Weiguo could speak, Chen Xing responded first: "I have already discussed it with Academician Xu. The ternary computer will support the IPv6 Internet protocol and is also compatible with the IPv4 Internet protocol."

"Ternary computer?"

"Has a ternary computer been developed?"

"Did you really make a ternary system?"

Company bosses such as Ren Guofei and Xiao Ma couldn't help but ask. They all thought Chen Xing was trying to make a fool of international capital, but they didn't expect it to turn out that Longxing Group was really building a ternary computer.

Zhou Hongwei's face instantly became very ugly. Once the ternary computer comes out, it means overthrowing the binary computer, which is the existing computer technology. This is not good for him.

It was precisely because it might affect Zhou Hongwei's interests that Chen Xing specially called him to resolve the problems smoothly.

"That's right."

Chen Xing nodded and continued: "The ternary computer is 30% complete and is expected to be put into use around the end of the year. This is a reshuffle of computers and the Internet."

"What do you want us to do?"

Zhou Hongwei asked quickly, looking anxious.

Now he has to be anxious, because ternary may replace binary and become the numerical system of mainstream computers.

The main focus of technology is innovation, and the shuffling speed of the field is extremely fast. If you don't keep up with the mainstream, no one can guarantee that you will not be washed out. The former king Nokia is an example.

"Mr. Zhou, let's do this. Send a group of network security engineers to my side to study the system protection of the ternary computer with my network security engineers."

Hearing this, Zhou Hongwei felt happy and quickly responded: "Then I will make arrangements later."

"Um."

Chen Xing nodded slightly.

Qihoo Technology's main focus is network security, and its 360 Security Guard is known as a virus killer.

Although it is necessary to develop a ternary computer, the interests of allies must still be taken into consideration.

"In addition to network security, our hardware equipment and software protocols need to support the IPv6 Internet protocol. If you, the bosses, have any questions, you can raise them now."

As soon as Chen Xing finished speaking, Ren Guofei asked the question he was most concerned about: "I wholeheartedly support upgrading the IPv6 Internet protocol, but we must also consider the existing network hardware such as routers, switches, and optical modems. There will be a wave of equipment replacement.”

"From a user's perspective, if subsidies are not provided, there is no need for them to replace IPv6 Internet protocol routers, because IPv4 can also meet their Internet needs. This may cause great resistance."

For ordinary people, who cares about their Internet IP address?

As long as you can connect to the Internet, you can watch short videos, play games, and watch TV series. It doesn’t matter if you have IPv4 or IPv6, as long as you can access the Internet.

"This is subsidized."

Xu Weiguo suddenly spoke.

Now he is not Xu Weiguo. To some extent, he is negotiating on behalf of the country to update the IPv6 Internet protocol.

"About how much?"

Ren Guofei asked.

Chen Xing also turned his attention to Xu Weiguo. If the country wants to implement the IPv6 Internet protocol, it is useless to rely on slogans. Subsidies are crucial.

Just like new energy vehicles, no matter how fancy you talk about them, they are still not as real as a 10,000 yuan car purchase subsidy.

"No limit."

The moment Xu Weiguo said these three words, the company bosses including Chen Xing subconsciously held their breath.

Unlimited subsidies?

What kind of terrifying power is this?

From these details, we can see how urgently the country needs to replace the IPv6 Internet protocol. This is not only related to addressable nodes, but also related to domestic Internet information security.

You should know that the modern Internet was established by the United States. Although there are thirteen root servers in the world, the only main root server in the world is in the United States. To some extent, the United States can control the global Internet, that is, it can shut down at any time.

"Unlimited is the user replacement subsidy?" Jack Ma seemed to see a business opportunity.

As long as the IPv6 Internet protocol is promoted, coupled with the national consumption subsidy, it means a wave of equipment replacement, and Taowu.com can profit from it.

After all, if you buy a router, you also have to buy other accessories, such as cooling fans.

"Not only users, but also companies have subsidies. As long as they confirm to participate in the IPv6 Internet protocol project, each company can enjoy a research and development subsidy of no less than 500 million."

"Is the intensity so great?"

Chen Xing couldn't help but marvel.

Starting at 500 million, there is no upper limit. It's just short of telling them that your research and development expenses and other expenses are contracted by the state.

"In fact, it's not much. Instead of giving this money to the United States, it's better to give it to our own people." Xu Weiguo smiled faintly.

There was no choice before, but now there is a choice. How can it be cheaper for foreigners?

Now the country's idea is also very simple, that is, to rebuild a new Internet order based on the ternary computer base point, and keep the main root server in Longguo.

"That's true."

Chen Xing nodded slightly.

The CEOs participating in the video conference all nodded in agreement. They actually knew that Longguo needs to spend a lot of money every year to purchase addressable nodes, that is, IP addresses.

If the IPv6 Internet protocol is successfully implemented, in the long run, it will not only save a lot of money, but also have the right to speak on the Internet.

"Since the country is so strong, we can't help but follow."

"That's right, follow the development."

"Starting at 500 million, there is no upper limit, I feel the country's strength."

When a group of CEOs opened their mouths to praise, Xiao Ma Ge was puzzled and said: "Academician Xu, this subsidy is applicable to software development, right?"

"Let's put it this way, you submit the application materials, and after the review of the relevant departments, you will be given 500 million to engage in IPv6 software and hardware basic research and development. If it is not enough, apply again, and if it is still not enough, continue to apply."

Xu Weiguo made it clear directly.

After saying this, the CEOs present had already had an idea.

Just as they thought before, Longguo not only needs to develop high-quality Internet, but also build an Internet without security risks.

This is like satellite navigation. No matter how easy to use GPS is and how mature the technology is, it is not as practical as having it at home.

…

When Chen Xing, Ren Guofei, Xu Weiguo and others discussed the implementation of the IPv6 Internet protocol, the Longguo stock market quietly closed at 3 pm.

The Jinlong Technology Index rose by 10%, the Hang Seng Index rose by 6%, and the weighted index rose by 5%. Longguo's assets soared again.

If we count from last Friday, when Longxing Group, Kunpeng Company, and Jiangyu Technology were officially listed, to today's Tuesday, the Jinlong Technology Index has risen by 80%. The original 2,700-point index has now reached 4,860 points, showing a soaring trend.

On social platforms such as Weibo, Tieba, and short videos, stockholders are beating gongs and drums to celebrate the arrival of the bull market.

[Uncle in Magic City]: "What did I say? It's impossible to see it after 2700 points. It will rise to 8000 points by the end of this year. Longxin Securities has soared 400%. This is love in late autumn."

[Trend King]: "I have never seen a stock market so scary. In just seven trading days, it has risen from 2700 points to 4860 points. This is a bull market for Longguo!"

[Little Leek Yang]: "Longxing Group is too scary. Funds are enthusiastically chasing it. It feels like the market value will double 100 times!"

[Brother Long doesn't sleep]: "Is there anyone who can tell me how to lose money? I made 500,000 in less than ten days after entering the market. I feel like I am Buffett, no, I am the stock god!"

Since the market data was interconnected last Wednesday, and Longxing Group ignited the technology sector on Friday, the Longguo stock market has gone through seven consecutive positive rhythms. The average return of new investors has reached 70%, and old investors have basically untied. This is a carnival for Longguo investors.

Not only Longguo stockholders, but also Wall Street’s busiest thing in the past two trading days is not to save US stocks, but to speculate on Longguo’s stock market.

It has been nine years since the super bull market in 2007. During these nine years, Longguo’s stock market has been in a low state.

On the other hand, Nasdaq, Nikkei 225, German DAX, and even the Bombay Index of Guxiangguo have doubled or even multiplied their terrifying growth.

Global assets have basically been speculated once, only Longguo’s assets have not been speculated. Wall Street is obviously not a fool. These financial crocodiles know where the value depression is.

Moreover, Longguo does not only have technology companies such as Longxing Group, Kunpeng Company, and Jiangyu Technology, it also has resource-based bull stocks such as Yangtze Power, Longguo Shenhua, and Zijin Mining.

With the "migration" of global funds, the siphon effect of Longguo’s stock market has caused the stock markets in Europe, the United States, Japan, and South Korea to plummet.

The Israeli stock market, which has been manipulated by Longxing Group, has fallen unprecedentedly and is already on the verge of collapse.

The parasitic Jewish capital had no intention of rescuing the market, and all their funds went to the Dragon Country stock market to push up the stock price.

In this environment, perhaps no one would have thought that the United States would take a risky move and throw the pot into the ground.

In the early hours of the local morning, many banks in the United States announced bankruptcy.

Among them, Republic Bank, which is most favored by the Chinese and has more than 100,000 Chinese savings, was the first to issue an announcement and became the first bank to officially declare bankruptcy in 2016.

[Announcement regarding bankruptcy reorganization and sale to Fulton Bank.

Dear customers, partners and people from all walks of life:

In recent years, the global economic environment has continued to be turbulent and financial market volatility has increased. Although Republic Bank has experienced ups and downs, we have been unable to effectively respond to the challenges in the face of rising costs, profitability pressures and fierce competition in the industry, resulting in a gradual deterioration in operating conditions.

Although we took a number of measures, including layoffs and business adjustments, in an effort to turn the situation around, unfortunately, these efforts failed to achieve the expected results.

In order to protect the interests of depositors and maintain financial stability to the greatest extent, Republic Bank decided to initiate bankruptcy reorganization procedures and reached an agreement with Fulton Bank to sell most of its deposits and assets to the latter.

For depositors of Republic Bank, this decision means that your deposits will be protected to the greatest extent. According to the provisions of the FDIC Federal Deposit Insurance Corporation, each depositor's deposits will be fully compensated within 250,000 US dollars. The portion of 10,000 US dollars will be handled in accordance with the relevant provisions of bankruptcy and reorganization procedures.

The FDIC Federal Deposit Insurance Corporation, as the takeover agency, supervised and facilitated this transaction throughout the process. We believe that Fulton Bank, with its stable operating style and rich industry experience, can properly take over our business and continue to provide customers with quality services. . ]

The sudden bankruptcy of Republic Bank caught people in Mihua off guard. Some were even woken up by phone calls from their friends while they were still asleep, and then learned the bad news of bankruptcy and reorganization.

"I am your grandma's America!"

"Full compensation within 250,000 US dollars, what is the difference between this and open robbery?"

"Damn it, you don't think of us as human beings. I'm a fool!"

"It's over, my life is over!"

The people in Mihua were no longer sleepy. They all chose to call for consultation, but the phone number of Republic Bank could not be reached.

Not only Republic Bank, but all other banks that declared bankruptcy have lost contact.

Perhaps many people think that a full compensation of US$250,000 is quite conscientious, but anyone who has been to the United States for school or even worked knows that US$250,000 is really not much.

Take schooling as an example. The average expenditure of a student studying in America is 200,000 US dollars a year, which includes tuition and other expenses, and this amount is considered a saving. For international students with high expenses, they can spend 500,000 US dollars a year. Not a problem.

This is why it is said that international students may not be academically successful, but their families are definitely rich.

And the most important thing is that Republic Bank is also the bank most favored by wealthy Chinese. Xiao Ma Ge, Jack Ma, and Liu Dongzi have all been exposed to have deposits in this bank.

Their deposit size is only 200,000 yuan, which is no different from taking 10,000 yuan from you and compensating you with 2 yuan.

When many banks in the United States declared bankruptcy, Davidic, who was behind all this, was attending a masked ball with the presidents of various banks.

For ordinary people, dark means going to sleep and rest, but for the rich, this is just the beginning of life.

Take the Magic City for example. If you don't have money, it's just a Magic City. But as long as you have money, it can be a city that never sleeps with music and entertainment every night.

As the elegant jazz music stopped, Davich also let go of his hot and choppy female dance partner.

Before he could invite his female partner to sit down and have a drink, Wei Yan, wearing a black patterned half-face mask, walked over and coughed twice.

"Baby, I'll come back to you later." Davich patted his female partner's butt and signaled her to leave quickly.

"Then I'll wait for you."

The female dance partner realized what she was doing and left.

The women present knew very well that Davidic was the protagonist of this masked ball. If they could get close to him and have some hotel story happen, they would be asking for money and power.

After the female dance partner left, Wei Yan began to praise: "Republic Bank, Signature Bank, and Republish Bank jointly declared bankruptcy, conservatively erasing the 1 trillion Chinese people's deposits in the United States. Mr. Davich, you have to be considerate. They are this time I couldn’t even run away, I was immediately strangled!”

"Thanks to you for providing the list."

Davich said with a smile.

The two looked at each other in silence, and after a few seconds, they laughed in unison.

Now that Longguo's stock market has suddenly emerged and its assets have attracted global funds, this part of Chinese funds will inevitably flow back to Longguo.

Rather than letting it slip away in vain, it is better to strike first and empty it directly. After all, American banks are allowed to go bankrupt.

Formal bankruptcy.

Regular erasure.

This is very reasonable.

As for the impact of this incident, it may cause a sensation in the Chinese community, but for white people or black people, they will not pay too much attention because they will not feel pain if the fist does not fall on them.