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"Master Hou, Fan Gong and Shui Hong, the head of the Shui family, as well as the business leaders of the Central Plains counties, have come to Xianyang and want to come to visit you!"

In the midst of the busyness, seven or eight days have passed in the blink of an eye, and there are only two days left before the bulk commodity fair.

"Oh, Ben Hou thought that they wouldn't be able to come until the end of the month, so there was no need to visit the Hou Mansion, you let them go to the Qinghe Hotel at the same time, and Ben Hou would set up a banquet to entertain them!" Chen Xu thought for a moment and then ordered.

"Yes, Master Hou!" Fan Caiying hurriedly nodded in agreement.

"By the way, you can take a look at this plan first......

Chen Xu opened his satchel and took out a neatly bound stack of hemp pulp paper from it, with the title of 'On the issuance of a plan for the construction of sea and land freight hub transportation bonds' written on the cover.

"Is Master Hou ready to issue treasury bonds?" Just looking at the title, Fan Caiying couldn't help but ask in surprise.

"Well, let's see if Benhou's plan is feasible first, the issuance of treasury bonds this time will be very large......"

As Chen Xu spoke, Fan Caiying took the plan and sat next to him and began to flip through it, but he only read two pages, and when he saw the number of four billion, he couldn't help but let out an exclamation, covering his mouth with his hand and looking at Chen Xu with a pale face.

"Master Hou...... You...... You are planning to issue four billion Treasury bonds? ”

"Hmm!" Chen Xu nodded slightly with a calm face, "Only such a large financing can fully support my huge transportation network plan, but although the number is huge, it will not be issued at one time, but will use three phases, and the exchange time will range from three to ten years...... Let's read it first! ”

"Yes, Master Hou!" Fan Caiying cleaned up her mood and continued to look through the planning book, the room was unusually quiet, and only the sound of turning pages could be heard.

Fan Caiying looked very slowly and carefully, many times in the face of the numbers, she had to carefully calculate in her heart for a while, and it took her twenty minutes to read all the plans that were only ten pages, and finally an indescribable look appeared on her mature and charming face, and a pair of beautiful eyes fell on the cover and began to be in a daze.

"How, can it be implemented?" Chen Xu asked with a smile.

"Hou Ye's plan is very meticulous, for each period of the use of funds have a detailed plan, from the current Huaxia money bank control of the entire Daqin private deposits and the estimated weight of the currency, these three treasury bonds can still be digested, but in this way will also swallow up a large amount of circulating funds, resulting in the development of other industries lack of funds into stagnation, the concubine thinks that can not all use the treasury bonds to implement this plan, the best way is to issue part of the bill redemption ......"

"Additional issuance ......" Chen Xu frowned instantly.

The additional issuance of bills is actually to increase the total amount of money in circulation in the market, but the bills are not copper coins and gold and silver these hard currencies that maintain value, but paper money like later generations, in fact, there is no value at all, when the total value of goods in the market does not change, the more paper money is issued, the higher the price will be, and it will soon promote inflation and cause a national credit crisis.

Chen Xu has not thought about the additional issuance of bills, but after all, the risk is too great, the volume of Huaxia Money Village is not large enough to support the acceptance of billions of bills, and the imperial court is even more unable to support this huge funding gap.

The current prosperity and stability of Daqin are not easy to come by, and the people's hearts are becoming more and more cohesive.

He would rather give up this project that can transform Daqin than rashly use a large number of additional bills to force it on.

After all, this project can be done slowly, and this huge project can be broken down into dozens or hundreds of projects, and at most it will take a longer time to complete, but it will not affect the normal development of the country.

"No, that's too risky!" Chen Xu thought about it again and again, but shook his head and vetoed Fan Caiying's proposal.

"Master Hou, please listen to the concubine!" Fan Caiying did not give up her idea.

"Then you talk about it, I won't suggest that Your Majesty issue additional redemption tickets unless absolutely necessary!" Chen Xu shook his head slightly and spoke.

"Hou Ye, at present, the total amount of deposits in Huaxia Money Village is about 1.3 billion, most of which are the scale effect brought by the additional issuance of the Dongfang Road Project, coupled with the continuous minting of coins by the Shaofu Minting Bureau into circulation, so that a large number of private deposits are issued to redeem the bills, these redemption notes are about 500 million in scale, the money is enough to accept and there is a surplus of nearly half of the money, the current situation is that the coins minted by Shaofu are still being sent to the money banks around the country, but the demand for money in the market is not eager, except for ordinary civilians, On the contrary, all the wealthy businessmen and princes like to carry the bills, and the daily active access to and loan funds is only about 300 million, so there is still a lot of room for operation in the issuance of bills......"

"You said a few days ago that Brother Yu is about to return from Yingzhou, and he will bring back tens of millions of dollars worth of silver, and this batch of silver will be handed over to Shaofu to be minted into a one-yuan silver coin for issuance, with a face value of 100 yuan, but the concubine thinks that there is no need to issue a larger face value of physical currency at all, this batch of silver can be directly deposited in Huaxia Qianzhuang, and then use this batch of silver and part of the deposit of Qianzhuang as collateral, so that the central Qianzhuang will give Huaxia Qianzhuang a license to issue 500 million large-scale redemption bills, which not only solves the situation of insufficient redemption in the market, It also solved part of the funds for Hou Ye's huge project......"

"The first phase of the treasury bond Hou Ye intends to issue one billion, this volume is too large, if the private sector is fully subscribed, a large amount of funds will all flow to Hou Ye's project, other industries will inevitably be affected, and the yield of the treasury bonds is good, unless the last resort subscribers will not sell or mortgage, and the acceptance time is at least three years, during which will seriously drag down the development of other industries......"

"Master Hou, using the spare deposits of the money bank as collateral to issue additional bills will definitely not cause financial chaos, but will only increase the speed of currency circulation, so that the dead money stored in the money bank becomes living money, so that the increase in loans will also make the money bank more income, in order to make up for the interest payment pressure caused by a large number of deposits, you don't know, people are getting more and more money in their hands now, and everyone likes to save it to get interest......"

After Fan Caiying finished speaking, a wry smile appeared on her face.

Chen Xu's face couldn't help but pull out a few times, and he also smiled helplessly bitterly, how could the problem of Nima Chinese love to save money exist so early, and when can it be changed!

It is indeed a good thing to be diligent and thrifty, but you don't spend it on what you do.

Save it, save it until the bank collapses and there's no fart.

However, saving money is also the biggest use of money, the people do not save money and silver money and there is no money to lend, and there is no basis for profit, but saving money will also make a lot of money precipitate and waste, the result is that although Shaofu is constantly making coins, but after a short period of circulation, a large number of people return to the money bank warehouse idle, the resulting result is still not enough money on the market, and if you want to make these money lively, you must speed up project investment, and put these money loans.

Chen Xu kept rolling his chin, repeatedly thinking about the consequences and feasibility of Fan Caiying's additional issuance.

In fact, in Chen Xu's view, the principle of such additional issuance of bills is actually the same as that of the central bank printing more money in later generations, but the only difference is that the bill is not strictly calculated as currency, but is equivalent to the check of later generations, which is something that can be abolished, and whether it is worth it or not is determined by the bank, not like the banknote whether it is worth or not to buy something, but the size of the purchasing power is a matter of the size of the purchase, the main body of the exchange is the commercial bank, and the main body of the banknote is the central bank, and the two are not the same grade at all.

As long as the commercial money has enough acceptance capacity, it can actually over-issue a large number of bills, and these over-issued bills almost become the money of the commercial bank, and the court has no half-point relationship, as long as the people do not suddenly flock to the money to exchange physical currency, then these bills are money, and gold, silver and copper money are not half a dime.

According to Daqin's current development prospects, although there are risks.

But as long as it takes two or three years to completely resolve this risk, Huaxia Money Bank will make an extra 500 million money out of thin air.

"This can indeed be done!" After being silent for a long time, Chen Xu had to admit that Fan Caiying's bold money-saving plan was still very reliable.

"You, you're too bold, right now, the court officials don't understand this operation method, if you know the risks and the means of using money to obtain national wealth, you will definitely not allow this!" Chen Xu smiled bitterly and shook his head.

"Hou Ye~" Fan Caiying stood up and walked to Chen Xu's side, sat on his lap with Chen Xu's neck around his neck, her delicate face was crimson, and she said in a coquettish tone: "Hou Ye, Huaxia Money Village was founded by you, and everything the concubine does is also to make money for you, we don't make this money, and the court will not make more money out of thin air, but our money bank bears some risks and gets the 500 million exchange loan and releases it, which can greatly alleviate the expenses of the court, at least it will pay a lot less interest on the large amount of interest issued by the treasury, one billion treasury bonds, After three years, according to your interest rate of 5%, you will have to pay 150 million interest, and at present, the annual tax revenue of the Finance Department is only one billion, and the concubine thinks that the imperial court may not be able to withstand the pressure of payment at that time, maybe ......"

"Maybe what?" Chen Xu couldn't help but ask.

"Maybe the emperor will repay the debt!" A hint of worry appeared on Fan Caiying's coquettish face.

"No, it won't!" Chen Xu was stunned for a moment.

"With the presence of the marquis, the concubine thought that it would not, but as long as there was a little rumor of this kind in the imperial court, it would inevitably cause civil turmoil, and the Huaxia money bank that undertook the issuance of this batch of treasury bonds would inevitably bear huge pressure to run, and maybe it would ......go bankrupt as a result."

"Hmm, what you said does make some sense, for the credit of the money village and the imperial court, this kind of thing can't have any signs at all, it seems that you still think about it more thoughtfully, this time just do what you say, call Yang Kun tomorrow, and the three of us plan together to see how this huge project can raise enough funds to promote it as soon as possible!" At this time, Chen Xu finally understood why Fan Caiying changed his plan and emphasized the issuance of additional bills.

And after thinking about it, Chen Xu was also very surprised, it can also be seen from this point that Fan Caiying did have a very unique insight and cognition of the financial industry, and has a wealth of experience and strategies to deal with financial risks.

"Master Hou, the concubine hasn't been favored by Lord Hou for a long time!" Hearing that her suggestion was agreed and praised by Chen Xu, Fan Caiying was happy and began to beg for pleasure.

Chen Xu turned a pair of slightly blue and black pandas to look out the window, hugged Fan Caiying in his arms and said apologetically, "Recently, the anti-pornography crackdown has been very strict, and the old customer said let's be patient for a while." ”

"Master Hou, how long will that concubine endure?" Fan Caiying's eyes were red and she asked.

"I want to ...... It's about 10,000 years......" Chen Xu let out a long breath faintly, and then helped Fan Caiying tidy up his clothes, "Also, remember not to show your neck when you wear clothes in the future, the editor has already warned that it is illegal for a woman to show the lower part of the neck, my Great Qin Law is like a mountain, Benhou respects the rule of law by etiquette, and I definitely can't let the Qinghe Marquis Mansion know the law and break the law, not to mention that there are countless traitors between the government and the opposition, although Benhou is high and powerful, but in the end he can't protect it thoroughly, once he is targeted by the supervision of the imperial history, the light one will be beheaded ......by the heavy one."

"Hou Ye~" Fan Caiying cried and nodded, "The concubine obeys the orders of the Hou Ye in everything, and she must go out in strict clothes in the future, and she will never let you suffer the shame of knowing the law and breaking the law, even if it is 100,000 years, millions of years, the concubine is also waiting for the Hou Ye to be favored, I believe that you can always keep the sunrise of Yunkai......"

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