"I know these three projects are all major projects that China invested in Myanmar in that year, and then it was taken down because of Wu Minhui, which also caused some losses to China."

"Actually, there were also a lot of opposition within the government at that time, because the breach of contracts for such a signed project also had a negative impact on Myanmar's investment environment, but Wu Minhui insisted on his own."

"I was still a minister at that time, but I also had a certain understanding of the reasons, and it also involved diplomatic issues."

"But the government is full of things now. The projects that were underway have not been cleaned up yet. We have not experienced the projects that were stopped before." Sai Maokang frowned.

Mu Yang also knew that Sai Maokang's main energy, or the Myanmar government's main energy, is still focused on how to restore normal order.

"I understand. I want to ask you for your opinion now. I have not started the project immediately. Then I can give China an answer and let them make preliminary preparations first." Mu Yang said.

"China's investment is beneficial to Myanmar's country. I am naturally willing to implement these investments. You can directly reply to the Chinese government. I am very willing to cooperate with the Chinese government on these projects."

"Sir, I just took this opportunity. I would like to communicate with China through you. Myanmar's future development will require too much funds. We need China's help. I wonder if we can obtain some loans in China." Sai Maokang said.

Mu Yang also knew that Sai Maokang's life was really hard.

Unlike Djibouti, Djibouti has only a population of more than 800,000. China can change the environment of Djibouti by investing a little money. However, Myanmar has 670,000 square kilometers and a population of 53 million, which is definitely a middle-class country.

He is poor and now he is experiencing civil strife. The country is even more poor and weak. If he wants to develop, he needs a lot of funds. So Sai Maokang thought of asking for help from China.

"Yesterday, the Japanese government sent an application to the Ministry of Foreign Affairs. Their Foreign Minister Nakasone Kwaiwen will visit Myanmar. And the Japanese Prime Minister also spoke with me, first of all, congratulating me on becoming president, hoping to strengthen exchanges between the two countries, and then revealed that he was willing to support Myanmar's construction and give Myanmar a free loan of 100 billion yen."

"100 billion yen, 1 billion US dollars, it's generous enough to make any moves. Did he make any requests?" Mu Yang said.

"Not yet, but I guess there will be one." Saimaokang said.

"Haha, it's just a few requirements, establishing good relations, Japan can obtain Myanmar resources, enter the Myanmar market, explore the Southeast Asian market, and even make demands to contain China, etc. Japan has never concealed its malice against China." Mu Yang said.

"Sir, do I want to agree to his request?"

"Agree, of course, agree, and you have to tell him that he has said less, $1 billion is less, at least 5 billion. Aren't you short of development funds? You have to bite hard first and then talk about it. The flesh that reaches your mouth is yours." Mu Yang said with a smile.

"In China, I will convey your meaning, aid and loans, and I think China will give it full consideration."

"If the gap is still too big, I can think of a solution for you." Mu Yang thought of Luka, who had tens of billions of cash in his hand. Although it was all underground funds, it was also money. As long as it was whitewashed, the money would play a more role.

Thinking of this, a thought suddenly appeared in Mu Yang's mind. As soon as this thought came, he felt a little uncontrollable.

Mu Yang stopped talking and thought carefully in his mind.

Sai Maokang saw that Mu Yang didn't speak, and after a while, he asked carefully, "Sir, what are you thinking?"

"Oh, maybe, we can build a bank to help Myanmar develop." Mu Yang murmured.

"Bank, what kind of bank do you want to open?"

“I can get funds from other channels and then work with Myanmar, a private and state-owned bank.”

"How much do you get money from other channels?" Sai Maokang asked curiously.

“50 billion, or more.”

Sai Maokang widened his eyes, "Renminbi?"

"USD." Mu Yang said.

"Oh my God, can you mobilize so much funds? Is it transferred from China, or is it going to intervene in the national financial market of Myanmar?" Sai Maokang said in confusion.

"No, I have no relationship with China. It's my personal relationship. It's purely external investment. The funds may come from other overseas companies, offshore companies, investment banks and other places."

"Of course, the Myanmar government can also invest, of course, leverage its own resource advantages and policy advantages, these will not appear in the contract, but are just private terms."

"Policy-based and resource-based investment, what do you mean specifically?" Sai Maokang asked.

"Simply put, it means giving this bank a banking function that exceeds other foreign banks. My idea is to be equivalent to the business scope of the state-owned banks in Myanmar. In addition, it is to obtain government permission and support in investment in certain projects."

Mu Yang opened his mouth wide and showed his cold fangs.

There are only two state-owned banks in Myanmar, the "Myanmar Central Bank" and the "Myanmar Agricultural and Development Bank".

There are 12 private banks. Myanmar Citizen Bank Co., Ltd., Myanmar Cooperative Bank, Miaowadi Bank, Myanmar Oriental Bank, Tunfang Dengxing Bank, Ganboza Bank, Myanmar Industrial Development Bank, Inwa Bank, AGB Bank, United Amara Bank, Myanmar Pioneer Bank, and Irrawaddy Bank.

Previously, Myanmar's financial market had been very closed and not open to the outside world. In 2014, the Wu Minhui government allowed foreign banks to enter Myanmar's financial market for the first time.

Australia's ANZ Bank, Singapore UOB and OCBC, Industrial and Commercial Bank of China, Thailand's Pangu Bank, Malaysia's Malay Bank and Japan's Mitsubishi UF Financial Group, Mitsui Sumitomo Financial Group and Mizuho Financial Group all obtained business licenses as they wished.

The conditions attached to this license are that foreign financial institutions must introduce a minimum capital of US$75 million, and can only open one branch and handle companies and large-scale banking services.

Moreover, foreign exchange transactions cannot be opened, other financial investment businesses cannot be carried out, retail banking businesses are not allowed, and foreign currency loans are only provided, and Burmese Kyat loans are not allowed, unless they form a cooperative relationship with a local bank. Basically, the bank's business can only carry out very few items, in short, there are many restrictions.

The entry of these banks is just to open up the market in the early stage.

But that's true. Myanmar's financial virgin land has also attracted the pursuit of international capital. Foreign banks have been dreaming of obtaining a license to conduct business in Myanmar. Previously, foreign banks have been rejected by Myanmar for the past few decades.

With such harsh conditions, 25 foreign banks have applied for licenses to strive to conduct business in Myanmar.

Despite these initial restrictions, the Bank of Myanmar's move was praised by analysts as another step towards liberalization in the financial sector. It is expected that the move will greatly improve access to capital in Myanmar, a key obstacle to foreign companies' investment in Myanmar.
Chapter completed!