"Then what if you go to the counter?" Li Jianguo looked at the money and couldn't help but ask.

"You can also change it directly. ”

Li Jianguo was very puzzled, but he knew how difficult it was for the mainland to convert the renminbi into dollars, and why it was so easy here.

"If you change freely, is it good or bad?"

Li Yiming glanced at his father approvingly: "This question is very good. ”

"Okay?"

"No, I mean that's a good question. ”

"Does it depend on the situation?"

"Yes, first of all, think about how the money comes from, it is printed, theoretically, money can be printed all the time, but how much is printed, this is particular, Dad, imagine that if a lot of money is suddenly printed in one place, and there are not many things that can be bought, then the money will immediately be less valuable, right?"

"Yes!"

"So what is this process like? Let's talk as we go!" Li Yiming put away his bag and turned to leave.

The father and son zigzagged along the road to the east and north, and the buildings on both sides of the road were different from the old and new, not all of them were like the tall and bright new buildings in Central, and there were some construction sites.

Theaters, shops, newsstands, huge signboard advertisements on the side of the building, groups of pedestrians on the roadside, and a huge amount of information between conversations.

Li Yiming observed the surroundings while explaining to his father the knowledge of currency, in which, in a few years, there was a measure called price control, which directly caused a lot of social turmoil,......

"Isn't it possible for any bank to print money?"

"Of course, this has to be approved by the government. It is called the note-issuing bank. Li Yiming said, "Money is printed from the central bank, and there are several ways to get to users, one is to lend to large enterprises, and the other is to exchange money with the people through banks and exchange old banknotes." ”

"There is also a salary ......," Li Jianguo reminded his son.

"Yes, there are wages, and there are farmers and small craftsmen who are not paid, and they are working in exchange for payment. The state doesn't print the money and send it to us directly. ”

"Well......" Li Jianguo has already touched some tricks.

"So there is a priority here, that is to say, there must be those who get the money first and those who get the money later, and the person who gets the money first will immediately go to buy things, and buy less things in the market, and then the people who sell things will raise the price. ”

Li Yiming patiently told his father that he wanted to teach his father what he knew and understood as much as possible, at least when he went back to report, he could not show weakness in the face of those experts.

"So you can't print more, otherwise things will have a price a day!"

Li Jianguo immediately understood, he grew up in Shencheng, and the old generation knew that before the liberation, the fiat currency and gold yuan coupons were all known to the elderly, and things were not just a price a day, but somersaults to the sky.

"Of course, because the people who can get the money, the big capitalists, and the common people are the ones who know it later. What's more, many commodities are also in the hands of the capitalists, so if those commodities that could have been exchanged for enough means of subsistence are bought with extra printed money, won't the common people have to starve to death?

It is because of this that the issuance of more money will instantly stimulate the circulation of goods, and everyone will want to buy things and use the money, because paper money has no other purpose. Unless the money buys something that can be put into production, and then enough goods are produced in a short time to make up the difference.

But this time difference has to be controlled very well, and it has to be ensured that these currencies are really put into the field of production and not wasted, Jiang Guangtou was beaten away in four years, a big reason is this, a lot of money is printed, and then used to buy weapons, fight the civil war, fight the civil war and lose the money, and have to print money to buy weapons, send military salaries and buy food......"

"So the money should be used for production and to meet real needs, right?" asked Li Jianguo.

"Yes, money is a piece of paper, and it's not because of the name printed on it that a piece of paper can be exchanged for something else. Rather, it is because it represents credit and goods.

But why do people trust a piece of paper, why do they believe that this paper can buy a sufficient amount of goods? So you have to build a system of trust, like ......"

Li Yiming patted his bag, "Xiangjiang is now two note-issuing banks, HSBC and Standard Chartered, and they have to hand over US dollars to the HKMA at the exchange rate of 7.8 at the same time. ”

"What do you mean?"

This means that the Hong Kong dollar is equivalent to 7.8 US dollars, so it depends on how many US dollars are deposited with the HKMA.

So why do you want to do this, because Xiangjiang is too small, and this small place is not there, but the United States is strong, and the dollar can buy things in many places, which is the logic of a credit guarantee, which is equivalent to the dollar to guarantee the Hong Kong dollar. ”

Li Yiming pointed to a Standard Chartered bank that suddenly appeared in front of him: "So they have to be free to convert, so that everyone will think, oh, it doesn't matter, I actually took US dollars, but it has a Xiangjiang face." If you say that you want to exchange a limited amount now, there will be a run immediately, and this has happened,......"

"Dad, let's take a look at the department store here. Li Yiming took two steps and took his father into the Yongan Department Store building in front.

This company is an old Chinese-funded enterprise, but now the number of Xiangjiang department stores is almost exploding, and it is now the 80s, unlike 30 years later, there will be mainland customers to save the market.

Li Yiming can already see the decadence of Yong'an at this time, there are many people who go in, and there are many people who come out, but unfortunately, when he went in, he was empty-handed, and when he came out, he was still empty-handed, which means that people are just going to see the lively air conditioner.

On the contrary, it is the Lane Crawford diagonally opposite in front, and the guests are all picked up and sent by private cars, looking either rich or expensive, and just a few steps from the gate to the roadside car door, they will also show their bags in a high profile.

Sure enough, when I entered this building, I saw many Xiangjiang people wandering around the mall with their families, but there were not too many people who really bought things.

On the first floor, clothes and cosmetics are sold, and the two of them went around, although you can swipe your credit card here, Li Yiming has nothing to buy.

Li Yiming and his father walked around the counter, looking at the goods on the counter.

"A chirp. Li Jianguo said in a low voice.

"Hmm. ”

"I thought of something, that time when you were writing at home, didn't I accompany Charlie Chen to the guest house, he told me, there is a domestic department store in Xiangjiang that specializes in selling mainland goods, when will I go to see it?"

What Li Jianguo is talking about is the so-called domestic goods companies in Xiangjiang, which are all operated in Hong Kong by state-owned enterprises in the mainland, and are domestic goods companies in a broad sense, with goods from the mainland, and are popular with lower-class Hong Kong residents because of their low prices.

"I know that China's domestic products, Dahua, Yuhua, Zhongyi, Zhongqiao, New China, Xinhua, ......," Li Yiming said casually, "There are advertisements in the newspapers. ”

"Really?" Li Jianguo was a little ashamed, he didn't know what he had read when he read the same newspaper.

"Crack advertising, reduced prices. Li Yiming said casually that the reason why he knew that these advertisements were mainland companies was because the words "super cheap mainland goods" were written on them.

Of course, the contents of these department stores only account for a small amount of supplies supplied to Hong Kong from the mainland.

Li Yiming never mentioned that there were these Chinese-funded department stores in Xiangjiang, but judging from some of the mainland's ideas for earning foreign exchange, the window for the mainland to obtain foreign exchange after liberation was really limited, and opening a department store was also a reasonable idea.

Li Yiming also saw some articles in the newspaper last year mentioning that the people of Xiangjiang have made a lot of contributions to the mainland, and they said:

After the reopening in the late 70s, the people of Heung Kong began to return to the mainland to visit relatives, and at that time, the mainland was short of supplies, and even the supply of matches, cigarettes, soap, etc. had to be restricted, and the poverty was outrageous.

At that time, the domestic products company launched the measure of "paying in Hong Kong and picking up the goods in the mainland", so Hong Kong compatriots who went back to visit their relatives and overseas Chinese who returned to China through Hong Kong donated money one after another, providing a large amount of foreign exchange for the mainland......

"It's about looking at what they're selling, and at what price. By the way, see if you can swipe the card. Li Yiming smiled.

What kind of credit card do you use to buy domestic products?

The corners of Li Jianguo's mouth curved, good idea!