"If you want to cooperate with the people of Qin, you must have a commercial organization. Only with a commercial organization can you mortgage loans. This is Qin's condition." The Minister of Commerce said to Yan Guo's special envoy.

"Moreover, Qin's conditions are very clear. They can only be used for business and economic development. They must not be used in the military field. If it is used in the military field, I am sorry, we will withdraw and let you double the repayment. All All economic cooperation will be cancelled.” The Minister of Commerce said.

"This, we may not be able to." Yan Guo's special envoy bit the bullet and said

"We don't care about this. Commercial taxes must be reduced, investment must be encouraged, and greater investment incentives must be given at the same time. Wars must be stopped, and a large amount of infrastructure must also be available. These are the conditions for Qin's investment." The Minister of Commerce said.

"We can't agree to these." Yan Guo's special envoy said.

Hearing this, the Secretary of Commerce shook his head. He felt that there was no need to talk about it anymore. Yan people insisted on their opinions and refused to regress. In this case, there would be no possibility of negotiation.

"I think we don't have a basis for negotiation. If this goes on, neither you nor I will benefit. Instead of going on like this, we might as well leave the talks." The Minister of Commerce said.

"We, Qin, can talk with Zhao people about investment. We can also talk with Qi people. Anyway, we are very busy. We really don't have the time to talk to you about this." The Minister of Commerce said. Then he got up and left.

"Wait." At this time, Yan Guo's special envoy called Qin's Minister of Commerce.

"It doesn't make any sense for you to continue talking like this." The Secretary of Commerce said.

"We can consider other situations. For example, we can request Qin Guo to mention Yan Guo to issue government bonds. We are willing to use more land as collateral, or it is possible to advance resources." Yan Guo's special envoy said anxiously. He knew that if he could not get enough financial support, he would definitely lose his head when he went back, and he knew that on the way there. He couldn't borrow money. Thinking of this, he felt that he should make some concessions or use other methods to obtain funds. Finally, he thought about it and thought of using bond issuance to raise funds. This is very important to Yan Guo. Said it is the best thing.

"This." The Secretary of Commerce shook his head.

"This is very difficult. It belongs to the financial business and is not under my jurisdiction. I negotiated with you to actually expand the business, and your issuance of bonds is a national act. In fact, our prime minister has already explained the situation." The Minister of Commerce said .

"The Qin federal government has strict restrictions on the issuance of government bonds. For the time being, it is unlikely to issue bonds." The Minister of Commerce said.

"But. This." Yan Guo's special envoy said.

"I think the special envoy should go back and communicate with your prince, so that they can focus on building the economy of Yan Nation, think carefully, and proceed blindly like this. I feel very worried." The Minister of Commerce said worriedly. . Then turned around and left. Yan Guo's special envoy watched the Minister of Commerce leave with embarrassment.

The Minister of Commerce is very disgusted with Yan State, because Yan State is not good at developing its own economy. Fortunately, Zhao State has a Li Mu. What Li Mu does is very practical, but Yan State wants to use the method of war to expand himself. They had only one purpose of borrowing money, which was to expand the war and use the methods of fighting and snatching to divert the domestic contradictions in the country of Yan. Obtaining a lot of wealth at the same time, this method is very extreme, it is easy to enter the misunderstanding, then it is difficult to think about adjustments.

This is a big trend. Under such a big trend, Yan Guo came up with such a method. The Minister of Commerce is not optimistic about Yan Guo. He thinks Yan Guo is a country with no prospects. Such a country has no ability to compete.

Zhao State of Handan.

"Qin people provided us with two railway construction directions. One is to transport the railway to Yan. The other is to develop south and connect to Xinzheng, South Korea. Then transfer to Qin or Qi to Linzi, or to Qi. In the coastal area, following this railway, we can expand our coal trade direction. In addition, we can also give iron ingots to South Korea." Li Zuoche reported.

"Well. My plan is to go south. I heard that there are a lot of factories in South Korea, and these factories have boilers, and there are a lot of them. I think this direction can be considered." Li Mu said.

"Furthermore, building in this direction is of great significance. There is already a railway connection in the north of Qin State, which is not very meaningful. The demand of Yan State is very small, they cannot afford to pay, and they are stingy. I think we should focus on On the road to South Korea, Chu, Wei, Qi and Qin. In this way, we can expand a large market share." Li Mu said.

"Yeah. I think so too. It's just that the funds are not very sufficient. The bonds issued by Qin Guo Wenyang Bank have not been processed. They will take a while, so the government's finances are very nervous." Li Zuoche was worried. Speaking of.

"Yeah." Li Mu nodded.

"I know this, Wenyang Bank has already told us. But our time is tight, and spring has arrived. If we don't start construction at this time, we will delay it for a long time, and Zhao Guo can't delay it for such a long time. The project should Get on the horse as soon as possible." Li Mu said firmly. He knew the significance of building a railway to Xinzheng, South Korea. There is no railway connection between South Korea's Xinzheng and Zhao Guo-Handan. The connection between Handan of Zhao State and Xinzheng of South Korea needs to be transferred to Shangdang County of Qin State to enter Handan. It takes a long detour between South Korea and Xinzheng to get there. Intermediate transshipment and parking are very troublesome, because Shangdang County is an important industrial base of Qin State, where a large amount of steel is provided, and industrial transportation is greater than passenger flow. In this way, there is no direct connection between Zhao State and Central Plains countries, and the transshipment is very time-consuming. If there is a directly connected railway, the significance is very important to Zhao State. The connection of the North-South Railway allows raw materials from the south to enter the country of Zhao, while coal and iron resources from the country of Zhao can enter the Central Plains countries in the south. In this way, the two sides have reached a trade, and the increase in trade can increase Zhao’s finances. Zhao Guo is very important.

"This railway is very important to us, but we lack sufficient funds, and Wenyang Bank is currently unable to provide such a large amount of funds. This makes us very embarrassed." Li Zuoche said.

"It's not just us, but also South Korea's Xinzheng. If you want to open up this channel, you must find a way to discuss with South Korea. It is also important to get South Korea's support." Li Mu said.

"I am afraid that the Koreans will not be able to agree with us. I heard that they have repaired the railway to Qi State. Wei State is strengthening the temporary railway. After Wei State is opened to traffic, it will quickly reach Qi State." Our railway, I am afraid, We can only rely on ourselves. "Li Zuoche said.

"Yeah. Contact Qin State to see how they are doing?" Li Mu said at this time.

Inside the headquarters of Qin Guo Wenyang Bank.

"That's the situation." Xiao He put down the report in his hand and said. Xiao He reported what he had seen in Zhao State, and the situation in Zhao State gradually stabilized. Zhao Guo’s demand for commercial loans has surged, but Qin’s major banks have gradually discovered that the funds in their hands have become tense. Although the Qin federal government has lowered the interest rate. However, they still feel that the situation is very bad.

"It's not just you. The situation is the same everywhere. The North and the Western Regions require a lot of funds. In addition, Chu also needs a lot of funds. The scale of funds far exceeds our thinking. The situation is still the best." Yingyu said at this time.

"But, Chairman, the federal government has reduced the interest rate to 1.25%. According to reason, this interest rate is already very low. Why is our funds still not enough?" an executive asked.

"This is caused by our insufficient money supply," said an economic consultant next to him.

"What do you mean?" Yingyu asked on the side.

"Didn't the chairman notice that it is not just our Wenyang Bank that lacks funds, but many banks are lacking funds." said the economic consultant. In order to be able to grasp the economic dynamics in the first time, the major banks will hire researchers from the University of Economics as their own consultants to see what they can't see clearly.

"Yeah. It seems to be." Yingyu nodded at this time. She thought about it, and felt that it was still such a thing. Their funds could basically meet the demand when they were called back, but I don't know how, their funds were quickly insufficient after a period of time after the call back. This makes them very confused. Yingyu has repeatedly mobilized funds, but in any case, there is still a lack of funds. In this way, she doesn't know where the problem is.

"Although the Qin Federal Government has reduced interest rates a lot, the funds on the market have not expanded much, especially the currency has not increased, so to speak." The economic consultant said.

"Water is still a glass of water. I need a sip here and another sip there. In the end, the water in the glass is still gone. What the Qin federal government is facing is that it has increased the number of people drinking water, but the place to replenish water No, although the federal government allows us to lend more, we don’t have enough funds in our hands. Lower interest rates don’t make much sense to us at all?” At this time the economic consultant said.

"This." Ying Yu was still a little confused. And Xiao He on the side suddenly woke up. That is to say, the Qin federal government only lowered the interest rate. This interest rate reduction only released everyone’s final reserves. But in fact, the Qin government did not increase the scale of funds circulating in the market, and the demand for currency was very strong. As the Qin State increased its development in the Western Regions and the North, especially the launch of a large number of railway projects, the demand for currency suddenly intensified. Then Zhao State joined in and this problem began to emerge. At that time, the Federal Government of Qin State had already realized This issue, however, is that Qin’s currency research is still at the stage of theoretical research, and Shangwen does not dare to increase the money supply rashly. With the passage of time and the resolution of various problems, the currency problem has become prominent. . Gradually, banks have become aware of this problem.

However, the Qin federal government, especially Shang Wen, is still worried about paper currency inflation and deflation. The problem of money supply has become prominent. This requires an increase in the money supply as soon as possible.

"What is the solution?" Xiao He asked at this time.

"Injecting capital means increasing the money supply. In fact, the current state of Qin and all countries are in deflation, and from a historical perspective, we have been in a deflationary stage. We believe that the meaning of inflation is Higher than deflation, after all, everyone now depends on commerce and trade for development. All the benefits are related to commerce. And we are doing money supply business. Only by doing this can banks increase their sense of existence." To.

"The question is how can the Qin federal government increase its currency?" Ying Yu said.

"This." The economic consultant shook his head.

"This is not something we can do. We have only discussed theories. But in practical applications, we still need to summarize a lot of things." said the economic consultant.

"Yeah." Yingyu nodded.

"I'm going to make a phone call. Or find someone, and you will have a meeting and discuss it yourself. Find a way to get enough funds. These are all issues that we urgently need to solve." Yingyu said. Then he left here as he said.

"This campaign, I think, the first thing we should target is the Western Regions of Qin State." Shang Wen said to Fan Zeng.

"Because war is breaking out there, and the future is the main market direction of Qin, we must pay attention to this." Shang Wen said.

"It's just that, how do we promote the Hexi Corridor?" Fan Zeng asked Shangwen.

"I think we should pay attention to the strategic role of the local people in the Hexi Corridor. In particular, they are an important transportation link between Guanzhong and the Western Regions." Shang Wen said.

"We have to let them recognize this point. As for the specific economic development. I think it can only be carried out along the railway line. The only way to do it." Shang Wen said.

"Boom." Just at this moment. The assistant knocked on Shang Wen's door. Shang Wen is preparing for election campaigns. This is the new rule of Qin State. He needs to explain his political views in each state and win a large number of votes. These are all things Shangwen has to do. Maybe for some time in the future, Shangwen will no longer pay attention to political and economic matters. All he has to do is to campaign and win the position of prime minister.

"What's the matter?" Shang Wen asked.

"I'm looking for you." At this moment, Yingyu suddenly stood up and said.

"I have something important to look for you." Yingyu looked at Shang Wen and said.

"Yeah. Okay." Shang Wen nodded.

"Let's go to the meeting room, where there are few people." Shang Wen said.

"Yeah. Let's go." Yingyu called Shangwen away.

"The federal government cuts interest rates, why do we still lack enough funds?" Yingyu asked Shangwen at this time.

"Yeah. This question." Shang Wen nodded and thought.

"Answer me." Ying Yu asked.

"There are not enough banknotes in the market." Shang Wen said.

"Next, you will increase the money supply, right?" Yingyu asked.

"Right." Shang Wen nodded.

"What do you plan to do?" Yingyu asked again.

"This matter, I plan to do this." Shang Wen said.

"Our federal government can invest in purchasing your shares, whether through the stock market or other means, to participate in you. In this way, you can mortgage the federal government to obtain a large amount of funds. In this way, your funds will be sufficient. Now." Shang Wen said.

"This is very unfair to us. The federal government has expanded your financial resources by issuing paper money, and then gained value by buying our shares." Yingyu felt a little unfair. When he came, Yingyu felt that Shangwen might have to do this, issuing a large amount of banknotes, and the government could obtain a large amount of their shares simply by turning on the printing press. This felt very unfair to him. Now she is personally acknowledged by Shang Wen, and she feels that the right to print banknotes in Shang Wen's hands is too great.

"You can get a lot of funds through mortgages. These funds are enough for you to expand your larger business. You must know that at present, Yan, Qi, and Chu are all involved. Metal currencies are in a state of contraction, and only paper money is involved. This demand can be met, so they all need to join the paper currency system. The profits you get are enough, unprecedented." Shang Wen said.

"But we need to invest a lot?" Yingyu said.

"So, we need your bank to do it." Shang Wen said.

"You do this, it's too easy to get." Yingyu said to Shangwen.

"But this is the best solution currently thought of by the federal government." Shangwen said.

"Qin State currently needs a large amount of banknotes. The previous supply of banknotes in Qin State has been unable to meet the needs of the market. That is to say, the government must issue so many because of market demand. This is the demand of the market and is not our random increase. This has been ordered by your father," Shang Wen explained.

"I don't know exactly what the issue is about, but the market needs a lot of banknotes, and that's what it is." Shang Wen said.

"Well. I will consider this question. All of a sudden, our bank is in a passive position." Yingyu said. Indeed, banks do not have the right to issue currency. In this way, the right to issue banknotes is in the hands of the federal government, and the federal government has a lot of flexibility to resolve these issues. For example, the money supply can be increased by issuing more banknotes, and the extra money can increase the government's financial capacity, and the government has more money. The things to be done and the role played are very big.

Under the liberal policy, banks have also developed, but banks are capital concentrators. The unique attributes of capital determine that banks must control the issuance rights of banknotes, because controlling the issuance rights of banknotes can win greater initiative and profits. Yingyu has realized this, which is very important to Wenyang Bank and the entire bank. This time, Yingyu felt that Wenyang Bank had failed.

"At present we can only do this. But I have an idea that the federal government can establish a federal bank. This federal bank can replace loose organizations such as the Banking Union, and it is up to him to determine the right to issue banknotes. This is the one I just thought of. Question." Shang Wen said to Yingyu.

"What do you want?" Yingyu asked.

"My idea is very simple." Shang Wen said.

"The federal government can't come forward to buy your shares. I think it should establish a transitional institution, or an institution that specializes in jurisdiction over all banks, and he decides the allocation of funds." Shang Wen said. Shang Wen thought of the bank conference and the bank union. Qin State does not have its own central bank. In fact, there is a bank union, but the bank union is a loose alliance of several large banks. They are only raising interest rates and cutting interest rates. Discuss. At the same time, large-scale fund transfer and distribution are also carried out, which is equivalent to having a certain central bank function. Because of bank drafts and cheque business, a centralized bank is needed to handle these matters, and cross-bank business transactions. What happens frequently is inevitable. The Banking Union actually meets such needs.

However, with the development, the banking union could not meet the needs of Qin, especially in the current situation where the major banks are short of funds, and some have realized this need, but the banking union cannot increase the supply of money. This is because the federal government controls the supply of money, so the government has great powers.

"Establishing a federal bank can provide you with funds through mortgage loans, and the government has also reached the demand for providing a large amount of paper money to the market." Shang Wen said.

"Yeah. Yes, but I think that doing so will violate your principle of freedom." At this time, Yingyu had decided to grab the right to issue banknotes because it was too important for the bank. This time I did not move very much, especially the method of mortgage is needed to get a lot of funds. This is a big blow to Wenyang Bank.

"I think this is something that can't be helped." Shang Wen said.

"Qin needs to do this. The market is good, and freedom is really good, but if you do this, it is easy to cause trouble. We don't want such chaos in Qin." Shangwen said.

"Yeah. I'll discuss this matter." Yingyu is not interested in what Shang Wen said next. What she is interested in is if she gets rid of the control of the federal government in the future, especially in the control of the amount of money. , The rights that the federal government has obtained are too great. She feels that this right should be freely controlled by the banks, so that they can gain greater freedom and greater profits. In the hands of the government, the government's control is really great.

And Shang Wen is thinking about the Commonwealth Bank.