"Yan Guoren does have a lot of tricks, what is the first link, issuing a large number of bonds, and the second link exchanging bonds for stocks. Pen ~ Fun ~ Pavilion www.biquge.info" Yingyu said to Xiao He after reading the telegram.

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

"Hmm. I understand that the Yan people are now at war, and they are in dire need of money, so they thought of using a large number of bonds, and then defaulting on the bonds, and then exchanging them for shares. Is it? Yingyu said to Xiao He. In Yingyu's understanding, this is indeed the case.

"Yes, Chairman." Xiao He nodded in confirmation.

"What do you think we should do?" Yingyu thought for a moment and asked.

"Just as the chairman just said, Yan people have too many tricks, every trick is a crazy money-making behavior, it seems that we and Yan people can make a lot of money when they cooperate for the first time, but the number of such cooperation is very small. And very pitifully less. Because the bonds we issued, on the first time, there was a default. In this case, the credibility of the Yan government is very poor. It will be difficult to issue bonds in the future. 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, such a link needs to use bonds to buy stocks, the difference in price, and other possible factors, will lead to the widening of the price difference in the middle, people who bought bonds before, need to spend a considerable amount of money to buy the shares they want, which is very unfair to them, because the bonds have shrunk, and the shares have been watered. In this way, it is the Yan government that profits, and this kind of business is too beneficial to the Yan government. Xiao He analyzed.

"Hmm. This kind of business seems to be profitable, 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. It's okay not to do this kind of business. Yingyu thought about it and said. She suddenly understood that behind the tricks of the Yan people, they were actually using the credit of Wenyang Bank to do this. It seems that Wenyang Bank may make a big profit, but in fact, from a long-term perspective, Wenyang Bank has made a big loss-making business. Now that she understands the thoughts of the Yan people, Yingyu is naturally reluctant to do such a business.

"Chairman, I think that such a business can be done. There is no need to deny it blanketly. Xiao He thought about it and said.

"Oh. Why? Yingyu felt strange, this was obviously a trap for the Yan people, why did she do this.

"If you follow the plan of the Yan people, in the long run, the biggest loss is the Qin Wenyang Bank, because Wenyang Bank may lose to the Yan market, or the larger Zhao market, this is only according to the ideas of the Yan people, but, chairman, now the initiative is in our hands, we cannot passively accept the ideas and plans of the Yan people, we are the bank. We should take the initiative, the current situation in Yan is very unfavorable, and in terms of the current war situation, the possibility of Yan losing Xiangping is very high. Xiao He said.

"Yes. I almost forgot that. Yingyu thought about it and said.

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

"It's not just these, chairman, judging from the recent newspapers, I, the four countries of Qin, Zhao, Korea, and Yan have formed a coalition army. The reason for the formation of the coalition army may most likely be the issue of iron ore mining rights. Zhao Guoren wants to get it. South Korea is engaged in a local war with the Chu State, and it is naturally difficult for them to get out, but even in such a situation, they still leave the battlefield and come here, which can only show that the Koreans also want to occupy such favorable conditions. Xiao He analyzed.

"Yes." Yingyu nodded in agreement.

"In such a situation, the only thing that Yan Guo can take out is the iron ore mining right that has been discovered to pledge it. This is the only hole card they have in their hand, and this hole card may be lost, and if it is lost, they will have little initiative, so they want to take this initiative in exchange for a large amount of money, and then recruit more troops to regain it. In this way, they have some benefits to be guaranteed. Xiao He said. After the end of the war, it is usually necessary to redistribute interests, and what Yan wants is to occupy a certain position in this distribution of interests.

"Now that we understand Yan Guoren's thoughts, what can the director do to maximize our interests?" Yingyu asked.

"State-owned enterprises." Xiao He said.

"State-owned enterprises?" Yingyu shook her head and didn't understand.

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

"I know that this matter can be regarded as a real release of water from the government, otherwise we would not have spent so little money to buy it." Yingyu nodded and said.

"Yes, in the state of Qin, there are not many enterprises established by the government anymore. Most of them have become private enterprises, but in Zhao State and other countries, there are many such state enterprises, and what Yan Guo established this time is likely to be such a state enterprise, for example, Handan Iron Works, to a certain extent, it can be regarded as a state enterprise and aristocratic private participation in the operation. What Yanguo has to do is to establish such a business as well. Xiao He said to Yingyu.

"I see what you mean. In fact, the Yan people established a state-owned enterprise, but this state-owned enterprise is very special, and the special point is that they are uniting more than three countries to establish such an enterprise. Xiao He thought about it and said.

"If we first let them set up a business, this enterprise with steel production as the future expectation, Zhao Guoren can produce coal and occupy a certain share. This is the reason for them to send troops, and on the other hand, it is the Yan Kingdom, which itself occupies a certain advantage in iron ore resources. On the other hand, it is the investor, South Korea, or our Qin State, of course, Qin State can provide technology 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 her head and said. Let Xiao He say it in more detail.

"The order of the Yan people is, bonds, shares, and ours is, shares, bonds, first determine, establish this state-owned enterprise, or rather, state joint enterprise, confirm the shares of each country, and then use these shares as collateral to issue bonds. Only in this way will it be beneficial to the Yan State, the Qin State, and us, and there is a certain amount of credit, and the quality of the bonds issued is also the best. Xiao He said.

"Hmm. In this way, we don't have to carry a big bad reputation for discredit. Yingyu thought about it and said.

"Yes. Just follow your train of thought. First, the share ratio of each country is confirmed, and then the share ratio of each country is used as collateral to issue bonds. Yingyu said. This is the best option out there. If too many bonds are issued without any collateral to compensate, this will inevitably make many Yan people feel insecure and have no basis for trust, but using United Nations enterprises as collateral is a very advantageous solution.

This plan was quickly reformulated, and then sent to Handan, who resubmitted it to the Minister of Finance of Yan. At the same time, proposals for the establishment of joint ventures have been sent to various governments to participate.

Inside the Prime Minister's Mansion.

"We don't have to get involved too much in this matter. Just let them do it themselves. We don't have to get involved too much. If we get involved too much, it's not good for them. Shang Wen said after reading the report.

"It's just, what do we get out of it if we don't get involved?" Meng Yi asked Shang Wen puzzled, in his opinion, the Qin State spent a lot of financial resources, manpower, and troops to participate in this war, and this war must be a resource battle in the end, and the Qin State participated. In the end, nothing was gained, what is that?

"We also got something, just not the government. Rather, it was the enterprise, the bank, of the Qin State. Do you understand? Shang Wen said to Meng Yi at this time.

"I don't understand, in my opinion, the people of the Qin State suffered a loss in this battle. There is no advantage in terms of interests. Meng Yi shook his head and said puzzled.

"Some accounts are not put on the surface. For example, we are letting the enterprises and banks of our Qin State participate in it, in fact, they are the interests of the Qin State, and our government is for these enterprises and banks to serve, they have been facilitated, and they have profited. They will be able to pay more taxes, and then quickly develop what the Qin State needs most. Shang Wen said.

"And Zhao State and Yan State, they are state behaviors, holding national resources, or in other words, financial funds are involved in them, so that what they get is naturally national interests." Shang Wen said.

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

"Hmm." Although Meng Yi still didn't understand something, he nodded and agreed with Shang Wen's plan.

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

"This is Wang Ben's telegram, the Yueshi have launched an attack to the south, and they have obtained a sufficient population, which meets our labor needs for the construction of the railway, but their army is too small to expand further outward and control. If the Yueshi people continue to move south, I think they will defeat the Mauryan Empire in the south. Shang Wen said.

However, in the place occupied by the Yueshi people, there was a blank vacuum. And our power cannot enter further. We need to be aware of this, but it was a surprise to me. Shang Wen handed the telegram in his hand to Meng Yi. Meng Yi looked at it in detail.

"There's another telegram." Shang Wen said.

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

The telegram said that their railways could not be expanded further because many of the railway companies lacked enough labor. This makes their project very slow. Li Xin was very worried about this, and the development of the situation in the Great Wan Kingdom began to develop towards a situation that the Qin State could not control. Therefore, Li Xin wants us to increase the labor force and strengthen the construction of the railway. With further control of the railway, the Qin army was able to effectively control the situation in Dawan.

"The two telegrams look mostly different." Meng Yi said.

"However, this telegram is related to a key point, which is the railway, and only when the railway is in control can these two places be further resolved." Meng Yi said.

"Yes." Shang Wen nodded and said.

"Hehe, you already wrote it on telegram. Of course I do. Meng Yi said to Shang Wen.

"This is the case, the problem of solving the two regions is that Qin has a railway, and without a railway, Qin cannot control the region." Shang Wen said.

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

"I don't know the relationship with this problem, but what I do know is that the problem can be solved from southern Xinjiang." Meng Yi didn't pay attention to what Shang Wen said, but Shang Wen noticed it. Because the place occupied by the Yueshi people is the mountainous area of Afghanistan today, the terrain here is extremely complicated, and if the railway is built, the amount of work is large, not to mention, if the Qin people occupy this place, I don't know whether the Yueshi will resist, once they resist, if they carry out guerrilla warfare with the dominant terrain occupied by the Yueshi people, the Qin State will pay a heavy price here, and this place is known as the cemetery of empires.

"We can import a large number of slaves from southern Xinjiang to build railways, we can build railways in the territory of Dawan Kingdom, the areas controlled by the Yueshi people, and in addition, we can build railways to the southern Mauryan Empire. All of this is fine, and in my opinion, it is best to import a large number of people from the south. Meng Yi said to Shang Wen.

"Hmm." Shang Wen nodded.

"For specific methods, we still need to communicate with the Yueshi people." Shang Wen said. Shang Wen had too much on his mind. I am worried that in the mountains of Afghanistan, the Qin State will encounter the same thing, in this case, it will be troublesome.

"In addition, from the Dawan people, I got news that someone has discovered a coal mine, and many other resources are also being discovered. This is very beneficial to the development of Dawan. Meng Yi said to Shang Wen.

"In this way, the Qin State needs to build a railway to the territory of the Dawan State even more." Shang Wen said.

"It's just that I'm worried that there will be some military problems, after all, in these places, there are inevitably some military conflicts." Meng Yi said to Shang Wen. He hoped that Shang Wen would take note of this.

"The amount of military spending that we can increase is not very large." Shang Wen said to Meng Yi.

"The entire Qin State is still in a period of low taxes, and if military spending is increased, the Qin government will invest less in national construction, and the Qin State will be able to do more." Shang Wen thought for a moment and said.

"Well, but I suggest that it is better for us to establish some minority troops, and it is better to recruit people from some special areas to participate in the battle, for example, mountain people, mountain Qiang people, etc." Meng Yi suggested.

"In the future, we will definitely have to deal with the above-mentioned regional operations. If we don't have enough troops to deal with it, we lose the voice in the region, which is very bad for us. Meng Yi said to Shang Wen.

"Hmm. OK. Shangwen nodded.

"The increase in military spending must be effectively controlled, and our current operation is mainly aimed at several areas where war may break out in the future. For example, within the territory of the Dawan Kingdom, as well as within the mountainous range controlled by the Yueshi people, etc. Shang Wen said.

"However, for war, the Qin State has to deal with more than two large-scale operations. And to increase such a war mobilization potential. Shang Wen said to Meng Yi.

"Peace now prepares for the future." Shang Wen continued.

"The Qin State now has a vast territory and many potential enemies, and the Qin State must have sufficient forces to defend and also have enough mobile forces to deal with two large-scale wars. And once the war escalates into two large-scale operations, the various war mobilization capabilities of the Qin State will be displayed, in addition to the projection capabilities. We all need to pay attention to this. War has penetrated into every aspect of our lives. Shang Wen said.

"Well, I get that. We all have to pay attention to these things in our daily lives. Meng Yi said.

"It's better to talk to the Secretary of Defense about this, after all, we don't necessarily notice it." Shang Wen said.

"Hmm." Meng Yi nodded.

Sinzheng, South Korea. Chu Chamber of Commerce.

"These two are the plans for the new army of Chu submitted by the Qin and Koreans. Mr. Fan, please take a look. I'd like to hear from you. He handed the two reports in his hand to Fan Zeng. Fan Zeng quickly took the report and looked at it.

Fan Zeng quickly read the report.

The report of the Qin people was very formal, and their idea was to build the Chu New Army according to the model of the original establishment of the Korean New Army. First of all, give the soldier a lot of freedom. This is the most fundamental point in solving the problem of soldiers. Secondly, the regularization and professionalization of the army and the professionalization of the army have a very high degree of loyalty. The state of Qin has already proposed the concept of professional soldiers, but it is not very 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 and weapons is a huge cost. Judging from the current financial resources given by the Chu Chamber of Commerce, it is impossible to invest such a large scale of funds in the last item. When Fan Zeng saw this, he couldn't help but shake his head.

Seeing Fan Zeng's frowning after reading the report of the Qin people, he smiled and smiled, he knew that Fan Zeng was not satisfied with the report of the Qin people, and he also saw it this way, the Qin people spent too much. If the new army of Chu was built on a country as big as Qin, maybe he wouldn't say anything, after all, the expenses are supported by national finances, but this is the state of Chu, and the situation of Chu is far from being comparable to the situation of Qin. The Qin people's plan may be the best, but it is not suitable.

Fan Zeng quickly looked at the Koreans' plan. The Koreans' plan is very simple, that is, to adapt, with the existing financial situation of the Chu State can not maintain the existence of a new army at all, even if the new army is barely established, but it will inevitably shrink a lot, the Koreans believe that the new army of the Chu State has no foundation, this foundation is the country's financial revenue, the new army of the Chu State does not have such income to maintain, naturally they will not be able to establish a complete new army of the Chu State.

But the state of Chu can be reorganized into the new army of the state of Chu, and there are many nobles in the state of Chu, and these nobles have their own private soldiers, which are their personal armies, and effectively protect their noble territories. If these aristocratic private soldiers can be effectively reorganized, for example, the Qin army's establishment is compressed, and these old armies can be reorganized into new armies. In addition, the most important point is to establish Chu's own military academy. Train officers as new backbones, and then install these officers in these old reorganized armies, so that the country will gradually retain a new army, and spend less on military spending. This is very beneficial to the state of Chu and is practical.

"How? Mr. Fan, how is this report? He asked anxiously. Looking at the look of some anxiety, the negative feeling is a little bad in his heart. The Koreans' plan looks very good, but it requires a lot of patience on the part of the higher authorities to deal with this matter, and if it is not handled well, it is very likely to bring disaster. And such an anxious attitude may have a bad impact on this matter. Fan Zeng saw this look, although he was a little dissatisfied in his heart, he didn't show it.

"Childe, judging from the two reports, what is suitable for the new army of Chu is the plan of the Koreans. But there are also many merits of the Qin people, after all, the way the Qin people built the army is still very precious. Fan Zeng said.

"Hmm. I also think so, the plan adapted by the Koreans is very suitable for our Chu New Army. After listening to it, he said directly. directly ignored the latter words that Fan Zeng said.

"At present, we can't come up with so much money, only through such a plan to reorganize those troops, it just so happens that I know General Xiang Yan, his army, can be reorganized." Said the negative. Fan Zeng also wanted to give a hint to the negative, but the negative didn't seem to hear the words at all.

"The cost of the adaptation, the need to import some weapons and equipment, and then the training, as well as the logistical supply problems, these problems are not very big, and the Koreans will hand them over to us to solve. It seems that the scheme of the Koreans is good. He said excitedly. There is nothing to be done about it.