Babbitt column | Ren Zhengfei talks about "coin" for the first time, the world has no confidence in the dollar

Ren Zhengfei

Foreword: Huawei has a very strict and effective secrecy system. The articles of Mao Shu on Huawei are all from published news. All Huawei-related content related to digital currency is based on reasonable speculation of public information. There are no Huawei executives and relatives. The express statement is hereby stated.

On September 10, 2019, Huawei founder Ren Zhengfei accepted a speech on the US dollar, US debt and US stocks when he accepted the "Economist" Beijing branch president and "teahouse" columnist David Rennie. After being approved by Huawei's Ministry of Public and Government Affairs, Published in Huawei's voice community, the original is as follows:

It was originally a world policeman, maintaining world order. The world’s return was to accept the US dollar as an international circulation and reserve currency. The United States imposed a coinage tax on the world by issuing US dollars. If the United States continues to assume responsibility for maintaining the stability of the world order, it will not suffer. But now the United States has destroyed this mechanism. People no longer believe that the United States is maintaining the world order, nor does it believe that the US dollar is the most reliable reserve currency . When the world’s trust in the United States and the United States oscillates, there will be a crisis in the US debt and US stocks, which will lead to huge economic and political turmoil within the United States .

The Huawei school offer that was received 20 years ago is still locked in the cat's cabinet. Although it didn't go later, as a hardcore "pollen", my hand about the strategic planning of the triangular cat Kung Fu is also considered Huawei's work number three. The number of digits of a big brother is true, and the total speech of the uncle cat will take time to study repeatedly.

In my impression, Ren Zong’s past public remarks mainly focused on specific issues such as 5G and Meng Zhouzhou. He rarely saw his explicit opinions on major issues such as global political finance, international monetary system and coinage tax.

As the world's top strategist, Ren always has this cognition. It is basically a high-level consensus ten years ago. If it is not in the heat, everyone will give the US emperor a face, and the internal discussion will be released. Do not face in public.

How do you interpret this statement? Why are you starting to talk about this time?

His words and deeds will cause strong concern in the global media. If he sends this sentence to the ears of Trump’s commander, the unreasonable renewed swearing to defend the US knife hegemony, maybe the dominoes will collapse in advance, the picture Too beautiful to dare to watch!

Uncle's understanding is that the wall has been pushed down, and the collapse of the dollar hegemony has entered the countdown stage. Now, talking about this matter publicly will no longer trigger a fierce rebound against the leader. Second, the US emperor has already lost his knowledge. .

Moreover, Huawei is ready for the collapse of US dollar hegemony, the crisis of US debt stocks and the subsequent economic and political turmoil.

Specifically, it is not related to digital currency. Let's ponder it. The cat is quiet, and I don't want my old colleagues to call me to delete the manuscript.

The following is only the official domestic and international news that has been published recently:

On August 18, 2019, the "Opinions of the Central Committee of the Communist Party of China on Supporting the Construction of the Pioneering Zone for Socialism with Chinese Characteristics in Shenzhen" was published in full, and the fifth article "Accelerating the Construction of a Modern Industrial System" clearly stated that it supports the development of digital currency research in Shenzhen . Innovative applications such as mobile payment … In the promotion of RMB internationalization, we will try first and explore innovative cross-border financial supervision.

On August 24, 2019, at the annual meeting of the Federal Reserve, Bank of England Governor Mark Carney said that the status of the dollar as a global reserve currency must end , and some form of global digital currency – Similar to Facebook's proposed Libra – it would be a better choice.

On August 29, 2019, according to the Shenzhen Special Zone Daily, Wang Weizhong, secretary of the Shenzhen Municipal Party Committee, met with the Governor of the People's Bank of China, Yi Gang. The two sides stated that … in the promotion of the internationalization of the renminbi, the development of digital currency research, etc., first try first… to fully promote the implementation of the major decision-making of the Party Central Committee.

Subsequently, in early September 2019, Mu Changchun, director of the Digital Money Institute of the People's Bank of China, spoke a lot of dry goods in the open class of “Libra and Digital Currency Outlook”.

Fans who have long paid attention to the cat's uncle column know that the uncle of the cat is standing in the position of “the entrepreneur of the sea” and calls for “National Digital Money Industry Fund” and “Shenzhen Stock Exchange Sea Plate”, which is proposed from the source of funds and the withdrawal mechanism. Suggest. Then the government came out to participate in the "digital currency" and "internationalization of the renminbi" dialogue research mechanism, so that "outside the sea entrepreneurs" to put their own claims.

The original policy advice of Mao Shu has become a reality, such as the Shenzhen Institute of Financial Science and Technology (PBC), which is located in Shenzhen. It is the Digital Money Institute of the People's Bank of China and the Shenzhen Municipal Bureau of Local Financial Supervision. Co-organized institutions. Its responsibilities are: to carry out research and related project construction in the frontier of financial technology, and to promote the development of financial technology. To build a world-class high-end R&D evaluation center for financial technology and digital currency, and a scientific and technological exchange and cooperation center, to build a national-level financial technology laboratory, participate in the formulation of relevant standards for financial technology, conduct exchanges and cooperation at home and abroad, and undertake financial technology and digital currency. Relevant certification testing work, holding a financial technology seminar summit, and undertaking projects related to financial technology and digital currency of the People's Bank of China and the Shenzhen Municipal Government.

However, there are difficulties in the system. Although the central bank's digital currency partners have started "996" since last year, but a "996" is not as good as everyone's "996", then in addition to the central bank, what other positive forces can be mobilized? What is the industrial ecology of "digital currency" and "internationalization of the renminbi"?

The first is the state-owned system of Shenzhen City, then Tencent Ali, and the financial group that grew up in Shenzhen, including but not limited to Ping An and China Merchants.

As well as Shenzhen local shipping companies, social capital, etc., such as OPPO, VIVO, the voice is the Shenzhen mobile phone company, the big Bay area headquarters of the byte beat (heading vibrato) has settled in Shenzhen, Daewoo infinite (snaptube) started in Guangdong Streets, Dreamcatcher Fund, Inno Angel, Innovation Valley, Power, etc. all work together.

In fact, the last category (and Huawei ZTE) is the invisible champion that truly has mobile payment resources for overseas mobile phone users. Under the big change of the digital RMB internationalization, these ones have tens of millions or even hundreds of millions of MAU invisible champions. How should the next business develop? How should the valuation be calculated?

In fact, the cat uncle is not completely clear, then try to benchmark the domestic retail RMB business, “China Merchants Bank”. According to the China Merchants Bank A-share annual report, the total number of savings customers and retail customers reached 100 million and 125 million respectively in 2018. The total number of users of “China Merchants Bank” and “Handheld Life” reached 148 million, of which monthly active users (MAU) exceeded 81 million… The annual operating income was 248.555 billion yuan, achieving net profit attributable to shareholders of the Bank 805.60 100 million yuan.

Let's simply count, an APP of 1 billion overseas users has transformed 10% of its users into depositors, that is, 100 million depositors, which is similar to the number of depositors in China Merchants Bank. The operating capacity is almost one-fifth of that of China Merchants Bank, which is also 50 billion yuan. However, since the cost of Internet companies is much lower than that of traditional banks, the profit should be less than 15 billion.

In fact, the uncle is very conservative, only dare to calculate according to the bank's profit rate. If you follow the quotation of the exchange (such as the currency and the fire currency), it will scare people. Today's space is limited, and the secret of the exchange will be dismantled again.

There must be a small partner jumping out, you can't count the cat uncle, the APP is the APP, the bank is the bank, the APP can't open the bank, and the bank needs the license.

APP can't open a bank? You go to ask Mark Zuckerberg, the founder of Facebook. The younger brother not only wants to open a bank, but also wants to open the world's central bank (Libra), the bottom line is that their family's APP has 2.7 billion users worldwide.

China's central bank digital currency DCEP, to compete with Libra overseas to grab the market, not relying on Chinese offshore APP and mobile phone entrepreneurs to do the application scenarios, who can rely on?

Believe it or not, the central bank and Shenzhen will soon hold a meeting with Chinese companies and mobile phone manufacturers. Each user will send a license for over 100 million yuan. The bank exchange can do everything, as long as Libra can be beaten.

In the history of the great maritime era, this is called a “private permit” (a permit issued by the British-led government to official pirates, allowing vessels in other countries to be robbed, dividends and government dividends), and the certificate is “Royal pirates”. ". Among them, Francis Drake, who defeated the invincible fleet, was the most famous. He conducted two round-the-world voyages in 1577 and 1580, looting numerous Spanish merchant ships. In April 1581, Queen Elizabeth I personally boarded the ship to give the title of Royal Sir drake. In 1588 Drake became a naval lieutenant, helping the British to defeat the Spanish Armada (Spanish Armada), was named Lord of England, became a national hero.

The prince will have a kind of relationship.

Shenzhen is a place where the dragon and the tiger are hiding. Standing on the balcony of the cat's uncle, you can see the old office building that Huawei started from. The big brothers took the cat uncle and drunk at the Hunan restaurant next time. No air conditioning, we like to play in the office, the overseas market is not good enough to have no orders, let the boss come to pull us to talk is to brag about the dream, sleepy and sleep together, full house is foot odor, Sun boss (Avon) comes in Frowning straight, hahahahahahahahaha"

You said that Huawei is not a "sea entrepreneur"? Does Huawei have a "digital currency" layout and preparation?

Again, all the news published by Huawei officially prevails, and the uncle Mao can’t say more now.

Those who have read the three bodies should remember the three core conversations between Zhang Beihai and his father:

"Think more."

"Think about it later?"

"Beihai, I can only tell you what you thought before."