"Yan people do have a lot of tricks. The first step is to issue a large number of bonds, and the second step is to exchange bonds for stocks." Yingyu said to Xiao He after reading the telegram.

"Chairman, this is from Yan Guo’s new finance minister. I heard that he was still a college student of Qin State, and then he went to Yan State to be appointed as Yan State’s new finance minister, mainly to solve the current financial crisis of Yan State. "Xiao He explained.

"Yeah. I understand that the people of Yan are fighting now and they are in urgent need of money, so they thought of using a lot of bonds, then the bonds defaulted, and then they were exchanged for shares. Really?" Yingyu said to Xiao He. In Yingyu's understanding, this is indeed the case.

"Yes, chairman." Xiao He nodded confirmingly.

"What do you think we should do?" Yingyu thought for a while and wanted to ask.

"Just as the chairman just said, Yan people have too many tricks, and every trick is a crazy act of collecting money. It seems that we and Yan people can make a lot of money when we work together for the first time. However, the number of such cooperation is very small. And it is very pitiful. Because the bonds we issued, the first time, there was a default. In this case, the credit of the Yan government is very poor. I will think later. It is very difficult to issue bonds." Xiao He said.

"Didn't the Yan people still say that they hope to have a second link, using stocks to repay those bonds." Yingyu said.

"Chairman, bonds are needed to exchange shares in such a link. The price difference in the middle and other possible factors will cause the price difference in the middle to expand. People who bought bonds before would need to spend a considerable price to buy them. The shares they want are very unfair to them, because the bonds have been shrunk and the shares have been added with water. In this way, the Yan government will benefit invisibly. Such trading is too beneficial to the Yan government. "Xiao He analyzed.

"Well. This kind of business seems to have made huge profits, but it is not long enough. We can only do it once, and we have to use the credit of our Wenyang Bank. This is extremely detrimental to our future business. This kind of business, Don't do it." Yingyu thought for a while and wanted to say. She suddenly understood that behind the Yan Guoren's tricks was actually using Wenyang Bank's credit to do this. It seems that Wenyang Bank may get huge profits in it, but in fact, from a long-term perspective, Wenyang Bank has done a big loss business. Now that he understands what Yan people think, Yingyu is naturally unwilling to do such a business.

"Chairman, I think this kind of business can be done. There is no need to deny it altogether." Xiao He said after thinking about it.

"Oh. Why?" Yingyu was surprised. This was clearly a trap of the Yan people, why did he still do this.

"If we follow Yan Guoren’s plan, from a long-term point of view, Qin Wenyang Bank will suffer the most, because Wenyang Bank may lose to the Yan Guo market, or the larger Zhao Guo market. This is just based on the Yan Guo market. The ideas of the Chinese people come, but, Chairman, the initiative is in our hands. We cannot passively accept the ideas and plans of the Yan people. We are a bank. We should take the initiative. The situation in Yan country is very unfavorable now. Judging from the current situation, the possibility of Yan State losing Xiangping is very high." Xiao He said.

"Yes. I almost forgot about this." Yingyu thought for a while and wanted to say it.

"The reason why the Yan people are so anxious is because they have a war, which requires a lot of funds." Yingyu said.

"It's not just these, the chairman, from the recent newspapers, the four countries of Qin, Zhao, South Korea, and Yan formed the coalition forces. The reason for the formation of the coalition forces is probably due to the mining rights of iron ore. Question. The people of Zhao want to get it. South Korea is engaged in a local war with the country of Chu, and it is naturally difficult for them to get away, but even under such circumstances, they still came here from the battlefield. This only shows that the Koreans also want to occupy. Such favorable conditions." Xiao He analyzed.

"Yes." Yingyu nodded and agreed.

"Under such circumstances, the only thing Yan can take out is the iron ore mining rights they discovered to mortgage. This is the only hole card in their hand, and this hole card may still be lost. If it is lost, , They don’t have much initiative, so they want to take this initiative in exchange for a lot of funds, and then collect more troops to retake it. In this way, they have part of their interests to be guaranteed." Xiao He said . After the war is over, interests are usually redistributed, and what Yan wants is to occupy a certain position in the distribution of interests.

"Now that we understand the Yan Guoren's thinking, then, is there any way the director can maximize our interests?" Ying Yu asked.

"State-owned enterprises." Xiao He said.

"State-owned enterprise?" Ying Yu shook his head and didn't understand.

"Chairman, have you thought about the four major steel groups we acquired before?" Xiao He asked.

"I know, this matter is regarded as a real release by the government, otherwise we would not spend such a small amount of money to buy it." Yingyu nodded and said.

"Yes, in Qin, there are not many enterprises established by the government. Most of them have become private enterprises. However, in Zhao and other countries, there are many such state enterprises, and Yan Guo established this time. It is very likely that such a state enterprise, for example, Handan Iron Works, is to some extent a state enterprise and aristocratic private participation in the operation. What Yan country has to do is to establish such an enterprise." Xiao He said to Yingyu .

"I understand what you mean. In fact, the people of Yan State established a state-owned enterprise, but this state-owned enterprise is very special. The special point is that they are uniting more than three countries to establish such an enterprise. "Xiao He thought for a while and wanted to say.

"If we first let them establish an enterprise, this enterprise with steel production as the future expectation, Zhao Guoren can produce coal and occupy a certain amount of shares. This is the reason for them to send troops, and the other aspect is Yan Guo. They themselves occupy a certain amount. The other party is the investor, South Korea, or Qin State. Of course, Qin State can provide technical support in the future, and it can also occupy a large part of the shares." Xiao He said.

"I don't quite understand what you mean." Yingyu shook his head and said. Let Xiao He speak in more detail.

"The order of Yan Guoren is bonds, shares, and our order is shares, bonds, first confirm, establish this state-owned enterprise, or a state joint enterprise, confirm the shares of each country, and then use these shares as collateral to issue bonds. .Only in this way, it is beneficial to Yan, Qin, and us, and with a certain degree of credit, the quality of the bonds issued is also the best." Xiao He said.

"Yeah. In this way, we don't have to bear a big reputation for being untrustworthy." Yingyu thought about it for a while.

"Yes. Just follow your line of thinking. First share, confirm the share ratio of each country, and then use the respective share ratio of each country to mortgage and issue bonds." Yingyu said. This is currently the best solution. If too many bonds are issued without any collateral as compensation, this will inevitably make many Yan people feel insecure and have no basis for trust. However, using a national enterprise as collateral is a very advantageous solution.

This plan was quickly re-drawn, and then sent to Handan, so that Handan re-submitted to Yan Guo Finance Minister. At the same time, proposals for the establishment of joint enterprises have also been sent to various governments to participate.

Inside the prime minister's house.

"We don't need to participate too much in this matter. Let them do it by themselves. We don't have to participate too much. If we participate too much, it will be bad for them." Shang Wen said after reading the report. Speaking of.

"It's just that if we don't participate in it, what can we get?" Meng Yi asked Shangwen puzzledly. In his opinion, Qin State spent a lot of money, manpower, and army to participate in this war. The war must be a battle of resources in the end, and Qin participated in it. I didn't get anything in the end, what is this?

"We also got something, but it was not the government that got it. It was Qin's enterprise and bank. Do you understand?" Shang Wen said to Meng Yi at this time.

"I don't understand. In my opinion, the people of Qin have suffered in this battle. There is no advantage in profit." Meng Yi said, shaking his head in confusion.

"Some accounts are not put on the surface. It is like, we let our Qin State enterprises and banks participate in it. In fact, they are Qin State's interests. Our government serves these enterprises and banks. , They get convenience, they make a profit. They can pay more taxes, and then quickly develop what Qin needs most." Shang Wen said.

"And Zhao Guo, Yan Guo, they are state behaviors, they are holding state resources, or financial funds are involved, in this way, they will naturally get national interests." Shang Wen said.

"In my opinion, in the near future, they may have to give up part of the interests of state enterprises, because only in this way can their private enterprises develop, and our Qin State has already developed this." Shang Wen said .

"Yeah." Although Meng Yi still didn't understand something, he nodded and agreed with Shangwen's plan.

"Let's look at the Western Regions." Shangwen said with a telegram from the Western Regions at this time.

"This is Wang Ben's telegram. The Yue people launched an offensive to the south. They obtained a sufficient population. These populations met our labor demand for railway construction. However, their army was very small and could not expand further. , Control. If the Yue people continue to go south, I think they will defeat the Peacock dynasty in the south." Shang Wen said.

"However, there is a blank vacuum zone in the place occupied by the Yueshi people. And our power can't enter further. We need to pay attention to this, but this situation is really beyond my expectation." Shang Wen He handed the telegram in his hand to Meng Yi. Meng Yi checked it in detail.

"There is another telegram." Shang Wen said.

"Northern Frontier, the northern frontier of the Western Regions of the Qin State." Shang Wen waved the telegram in his hand and said.

"This telegram says that their railways cannot be further expanded because many railway companies lack sufficient labor. This makes their progress very slow. Li Xin is very worried about this and the situation in Dawan. Development has also begun to move towards a situation beyond the control of the Qin State. Therefore, Li Xin wants us to increase the labor force and strengthen the construction of railways. With further control of the railways, the Qin army can effectively control the situation in Dawan.

"The two telegrams seem to be mostly different," Meng Yi said.

"However, this telegram has something to do with one main point. This main point is the railway. Only by controlling the railway can these two places be further resolved." Meng Yi said.

"Yes." Shang Wen nodded and said.

"Haha, you have already stated it in the telegram. Of course I know." Meng Yi said to Shang Wen.

"This is the situation. To solve the problems in the two regions, the Qin State-owned Railway is necessary. Without the railway, the State of Qin cannot control the region." Shang Wen said.

"In addition, what I am worried about is the mountainous area, the mountainous area occupied by the Yue people." Shang Wen said worriedly.

"I don't know the relationship with this problem, but what I know is that the problem can be solved from Southern Xinjiang." Meng Yi did not pay attention to the problem that Shangwen said, but Shangwen noticed it. Because the place occupied by the Yue people is the mountainous area of ​​today’s Afghanistan. The terrain here is extremely complicated. If the railway is built, the amount of work is huge. If the people of the Qin nation occupy this place, I don’t know whether Yueshi will resist. If the human-occupied terrain launched guerrilla operations, Qin Guo had paid a heavy price here. This place is known as the imperial cemetery.

"We can import a large number of slaves from southern Xinjiang to build railways. We can build railways within the territory of Dawan, the area controlled by the Yue people. In addition, we can build railways to the southern Maurya Dynasty. In my opinion, importing a large number of people from the south is the best way." Meng Yi said to Shangwen.

"Yeah." Shang Wen nodded.

"For the specific approach, we still need to communicate with the Yueshi people." Shang Wen said. Shang Wen thought too much in his mind. I am worried that Qin will encounter the same thing in the mountains of Afghanistan. If this happens, it will be in trouble.

"In addition, from the Dawan people, I got news that someone has discovered coal mines, and there are also many resources being discovered. This is very beneficial to the development of Dawan country." Meng Yi said to Shangwen.

"In this way, the Qin State will even more need to build the railway into the territory of Dawan State." Shangwen said.

"It's just that I am worried that there will be some military problems. After all, these places are indispensable for military conflicts." Meng Yi said to Shangwen. He hoped that Shang Wen would notice this.

"The amount of military expenditure we can increase is not a lot." Shang Wen said to Meng Yi.

"The entire Qin State is still in a low tax period. If the military expenditure is increased, the Qin State government will invest less in national construction, and there is nothing Qin can do." Shang Wen thought for a while and said.

"Yeah, but I suggest that it is best that we establish some ethnic minority troops, and it is best to recruit people from special areas to participate in combat, such as mountain people, mountain Qiang people, etc." Meng Yi suggested.

"In the future, we can definitely deal with the above-mentioned regional operations. If we do not have enough troops to deal with, we will lose the right to speak in the region, which is very bad for us." Meng Yi said to Shangwen To.

"Yeah. Sure." Shang Wen nodded.

"The increased amount of military expenditure must be effectively controlled. Our current battle is mainly aimed at several areas where wars may break out in the future. For example, within the territory of Dawan and within the mountainous areas controlled by the Yues. "Shang Wen said.

"However, for the war, the Qin State must deal with two large-scale operations or more combat forces. And to increase the mobilization potential of such wars." Shang Wen said to Meng Yi.

"The present peace prepares for the future." Shang Wen continued.

"Qin now has a vast territory, and there are many potential enemies. Qin must have sufficient troops to defend and also have enough mobile forces to deal with two large-scale wars. Once the war escalates to two large-scale battles, Qin The country’s various war mobilization capabilities must be revealed, and there are also projection capabilities. We must pay attention to these. Wars have penetrated into all aspects of our lives." Shang Wen said.

"Well, I understand this. We all have to pay attention to these in normal times." Meng Yi said.

"It's best to talk to the Minister of Defense, after all, we may not notice them." Shang Wen said.

"Yeah." Meng Yi nodded.

Xinzheng, South Korea. Inside the Chu Chamber of Commerce.

"These two are the plans for the new army of Chu State submitted by the people of Qin and the Koreans. Mr. Fan, please take a look. I want to hear your opinion." The two reports in the hand were handed to Fan Zeng. Fan Zeng quickly accepted the report.

Fan Zeng read the report quickly.

The Qin people’s report is very formal, and their idea is to build the new army of Chu according to the model of the establishment of the new Korean army. First of all, the soldiers must be given a lot of freedom. This is the most fundamental point in solving the problem of soldiers. Secondly, it is the regularization and professionalization of the military, and the professional military has a very high loyalty. Qin Guo has already put forward the concept of a professional soldier, but it is not easy to implement. But Fan Zeng knew this.

The last point is the large-scale investment in weapons and equipment, and the establishment of personnel weapons is a huge cost. Judging from the financial resources given by the Chu Chamber of Commerce at present, it is impossible to invest such a large scale of funds in the last item. Fan Zeng couldn't help shaking his head when he saw this.

Negative smiled when he saw Fan Zeng frowning after reading the Qin Guoren's report. He knew that Fan Zeng was not satisfied with the Qin Guoren's report. He also viewed it in the same way. Qin Guoren had spent too much. If Chu’s new army was built in a country as big as Qin, he might not say anything. After all, the expenditures are supported by state finances. However, this is Chu, and the situation in Chu is far from the same as that of Qin. The situation is on par. Qin Guoren's plan may be the best, but it is not suitable.

Fan Zeng quickly read the Korean plan. The Koreans’ plan is very simple, that is, it is an adaptation. Judging from Chu’s current financial situation, it is impossible to maintain the existence of a new army. Even if the new army is barely established, it will inevitably shrink a lot. The Koreans believe that the Chu’s new army is Without a foundation, this foundation is the country's fiscal revenue. The Chu New Army does not have such revenue to maintain, and naturally they will not be able to build a complete Chu New Army.

But Chu can be reorganized into the new army of Chu. Now there are many nobles in Chu. These nobles have their own private soldiers. These private soldiers are their personal arms and effectively protect their aristocratic territories. If these noble private soldiers can be effectively adapted, for example, the Qin Army’s organization will be compressed and these old armies will be adapted into the new army. Allocate new weapons and equipment, change the existing logistics supply system, and the most important point is to establish Chu’s own military academy. Cultivate officers as new backbones, and then place these officers in the reorganized old army. In this way, the country will gradually retain a new army and spend less on military expenditures. This is very beneficial to Chu State, and it is practical.

"How is it? Mr. Fan, how is this report?" Ning Chu asked anxiously. Ning Chu looked a little anxious when he was optimistic, but Ning Chu felt a little bad in his heart. The Korean plan looks very good, but it requires a lot of patience from the upper person to deal with this matter. If it is not handled well, it is likely to bring disaster. And Minchu's anxious attitude may have a bad influence on this matter. Fan Zeng saw Ning Chu like this, although he felt a little dissatisfied, he did not show it.

"My son, judging from the two reports, it is the Korean plan that is suitable for the new army of the Chu Kingdom. However, the Qin people also have many advantages. After all, the way the Qin people build the army is still very precious." Fan Zeng said. .

"Yeah. I think so too. The Korean adapted plan is very suitable for our new army of Chu State." After listening to this, Shi Chu said directly. The latter words that Fan Zeng said were directly ignored.

"At present, we can't spend so much money. We can only reorganize those troops through such a plan. It happens that I know General Xiang Yan, and his army can be reorganized." Said Shi. Fan Zeng also wanted to remind Ning Chu, but Ning Chu didn't seem to hear the following words at all.

"The cost of the adaptation requires the import of some weapons and equipment, and then training, as well as the problem of logistical supplies. These problems are not very big, and the Koreans will leave it to us to solve them. It seems that the Koreans have a good plan." Speaking excitedly. Ning Chu was helpless about this.