As time went on, the fierce disputes within the government not only did not subside, but also intensified. Li Hongzhang is a very smart person, and at such times he knows that people of his identity should not come out, so when someone finds Li Hongzhang, his first reaction is very cautious.

"Director Li, you are now managing the affairs of Goryeo, I would like to ask Director Li what is going on in the futures market?" Liu Bufan, secretary of the Hunan Provincial Party Committee, spoke very politely.

Li Hongzhang is Li Hongzhang after all, he first said a few polite words, and seeing Liu Bufan's sincere attitude, Li Hongzhang explained. Futures are completely different from xian goods, which are real goods (commodities) that can be traded, and futures are not mainly goods, but standardized tradable contracts with certain mass products such as cotton, soybeans, oil, etc. and financial assets such as stocks and bonds. Therefore, this subject matter can be a commodity (e.g. gold, crude oil, agricultural products) or a financial instrument.

Wei Ze has no way to engage in futures in China, and various domestic problems are complicated, and at this stage, Wei Ze knows that there is no need to expect China to do things with unified standards. But futures are very important, so he first started futures in Korea, Vietnam, and Siam. This futures are mainly futures on grains, minerals, ginseng and other plants.

Although Li Hongzhang didn't know Wei Ze's exact thoughts, he made futures very interesting with his cleverness. As a general, Director Li is not qualified to give orders to these founding fathers in China. But abroad, what Li Hongzhang represents is the magnificent China and the country. Even if he is only a bureau chief, as soon as the signboard of the director of the Foreign Economic Affairs Office shines, the seal is raised, and small countries bow their heads one after another.

After listening to Li Hongzhang's introduction, Liu Bufan couldn't stop nodding, and when Li Hongzhang finished talking about the implementation of futures so far, Liu Bufan asked a question, "Director Li, if the domestic provinces, such as Hunan Province, want to engage in futures, do you have any suggestions?" ”

Li Hongzhang was stunned, he didn't expect that China would also want to engage in futures. It is very easy to engage in futures abroad, and China has set some standards as an acquirer, for example, for the ginseng cultured in Korea, the type is naturally the most important condition, weight, volume, hardness, and the content of these grades is also the corresponding auxiliary content. Then the standards for these ginseng are set, and a group of Goryeo landlords and Haoqiang, who own mountains and forests, can start to produce according to this standard.

Since futures can be bought and sold, Korean ginseng production "units" can use future ginseng production and sales as collateral to raise funds with futures at China's futures sub-station in Korea. Although Li Hongzhang was very cautious, with the help of Yuan Weiting, Wang Shizhen and others, the basic investigation went very smoothly. And there was an unexpected windfall in these contents, when China wanted to investigate the details of the situation inside Goryeo, the Koreans were extremely wary. Not only did they not cooperate, but they also deliberately set up obstacles.

Now that they can get important funds from the futures market, the cooperation of the Korean people has changed 180 degrees. Although they still don't dare to fully mention the core net worth, the Koreans also know that if they can't let the rich people from China have full confidence in the local people in Goryeo, Chinese will not give them money. So the information is being collected at a very fast pace. There are people who can't eat the ancients, Li Hongzhang, they just need to give up these elm heads. Under the operation of "capital and credit", there are as many people as many as they are willing to bow to Chinese capital.

However, Li Hongzhang is not confident that these models promoted by force in foreign countries can be transplanted to China. He was very embarrassed and said: "Secretary Liu, what should Hunan standardize?" You should know that without standardization, futures will not have so much manpower to distinguish them one by one. This is the futures market, not a pawnshop. ”

"Haha!" Liu Bufan was amused by the word pawnshop, in fact, what he was worried about at first was that futures eventually became a pawnshop. It is not uncommon for Hunan to oppress peasants, but the pawnshop has to go by itself, but Hunan Province is not prepared for such a method, since it is a policy move, and the action of the Hunan government is too ruthless, and there is no guarantee that someone will talk nonsense outside.

"Isn't this standardization the quality of the goods that are cashed in?" Liu Bufan asked.

This is to the point, but it is not the fundamental point. Anything can theoretically be designed perfectly, but the problem is that it will be unrecognizable when executed. Just like in the ginseng futures market, Koreans will always find a way to use the kind of ginseng that is below the futures standard to obtain a higher grade. There are also people who are serious about doing business, but a profiteer can make the futures market lose a lot, in order to eliminate this kind of problem, you have to invest more manpower and pay more costs to increase the inspection content. Of course, this extra cost has to be spread over the entire operating cost.

However, Li Hongzhang is not confident that these models promoted by force in foreign countries can be transplanted to China. He was very embarrassed and said: "Secretary Liu, what should Hunan standardize?" You should know that without standardization, futures will not have so much manpower to distinguish them one by one. This is the futures market, not a pawnshop. ”

"Haha!" Liu Bufan was amused by the word pawnshop, in fact, what he was worried about at first was that futures eventually became a pawnshop. It is not uncommon for Hunan to oppress peasants, but the pawnshop has to go by itself, but Hunan Province is not prepared for such a method, since it is a policy move, and the action of the Hunan government is too ruthless, and there is no guarantee that someone will talk nonsense outside.

"Isn't this standardization the quality of the goods that are cashed in?" Liu Bufan asked.

This is to the point, but it is not the fundamental point. Anything can theoretically be designed perfectly, but the problem is that it will be unrecognizable when executed. Just like in the ginseng futures market, Koreans will always find a way to use the kind of ginseng that is below the futures standard to obtain a higher grade. There are also people who are serious about doing business, but a profiteer can make the futures market lose a lot, in order to eliminate this kind of problem, you have to invest more manpower and pay more costs to increase the inspection content. Of course, this extra cost has to be spread over the entire operating cost. You have to invest more manpower and pay more costs to increase the inspection content. Of course, this extra cost has to be spread over the entire operating cost.