"What is our task today? Sir? A flight corporal asked his commander. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

"Search." The captain said helplessly. He took a sip of tea water. Rinse your mouth and spit on the ground.

"Search? Didn't there be a bombing mission? The flight corporal asked.

"Nope. There is no arrangement above, we are the bomber unit of the Army Aviation. The captain said.

"But it's a reconnaissance plane. It's terrible. Ready to prepare. Let's take off. The captain threw the cups made of canned food boxes directly on the ground and stepped onto the plane.

"Yes, sir." The corporal said.

Because the army aviation is a new branch of the army, in order to distinguish the bombing airships and bombers of the space army, they chose a bomber equipped with three engines. Although it is only about 900 horsepower by the new standard horsepower, it is very enough for this bomber. The crew is three. Eight one-stone aerial bombs were reloaded. An air-cooled machine gun. However, they carried out a search mission, and the bomb turned into a telescope.

As for why such a search mission was carried out, the explanation above is that the airship needs to be overhauled, they are slow and difficult to complete the task. Only the bombers were barely fast, and they were used for search missions, thinking that with three engines, they could fly back if one of them was broken. The safety factor is very high. Therefore, the bomber was chosen to be used as a search engine, and in their opinion, it was very dangerous to let those single-engine engines fly out, and they had already lost a lot of planes. Moreover, one of the pilots was hijacked by horse bandits, and they blackmailed the Qin army. The General Staff was very annoyed by this. But there is nothing to be done. The pilots are negotiating. The Qin army was willing to pay some supplies to redeem the other party. After all, such losses are relatively rare.

The bombers were quickly ready, then guided by ground crews into the take-off position, and immediately took off, and their mission officially began.

Xianyang, Qin State. Inside the headquarters of Wenyang Bank.

"If you keep borrowing like this, it will be difficult for the bank to sustain it, and borrowing will increase a certain cost, and you won't make a lot of money, although from the perspective of the last time, our profit is very objective, but in today's era of low interest, you don't make a lot of money." Yingyu looked at the first quarter report of Wenyang Bank and analyzed. The report shows that the flow of funds of Qinguo Wenyang Bank is very large, and the scale of funds is also very large, but the profit is very meager, and many projects are still loss-making, which is very unfavorable to Wenyang's future operation.

"We have a lot of shares pledged to the Federal Bank Reserve Board, but that's it, and our money is still tight." Xiao He said worriedly. Regarding the current situation, Xiao He also felt a little inexplicable.

"Our money is always lost in an inexplicable way. And now it looks like we don't have much of a problem with our reports. Xiao He said.

"But, I feel something very strange, and this strangeness makes us very difficult." Xiao He continued.

"What's strange?" Yingyu asked Xiao He.

"Well, we always get a lot of shares, and then we mortgage those shares to the Federal Bank Reserve Board, and we get a lot of money, but these funds, we are eaten up by new projects, and then we use the funds from the new projects to do the next new project, which is why we are currently very large, but the overall is not profitable, and, strangely, the funds are taken away inexplicably. Although some of the funds have flowed back, most of the funds have flowed out, and our current situation is very bad. It is very dangerous to have funds without a certain reserve. Xiao He said.

"So, I'm worried, too." Yingyu said.

"Think about it, are we in great danger, or are we in potential danger, and what is the danger that causes this?" Yingyu asked Xiao He.

"It's that we have too many shares in the Federal Reserve Board, and if they have a problem, we're going to be in a bad situation, or if the Federal Reserve has a financial breakdown, we're going to be in a very bad situation. This is a very big blow to us. Xiao He said.

"Yes. You're right, most of our current funding comes from the Federal Reserve. The pledged shares basically come from them, and if they suddenly stop the collateral supply of funds at this time, our capital chain will be cut off, and at that time, our situation will be very bad. Yingyu said.

"Even though we know the Federal Reserve won't do that, it's a sword hanging over our heads, and if we do, we're nothing." Yingyu said worriedly.

"Hmm." Xiao He just nodded on the side. Agreed. He began to think carefully about the current situation of Wenyang Bank. What are the consequences of such a situation?

Wenyang Bank is constantly pledging its shares to the Federal Bank Reserve Board, which can theoretically print more paper money without limit, and they are constantly holding all kinds of stocks. As a result, different classes of stocks are constantly gathering in the Federal Bank Reserve Board. However, in fact, it is impossible for the Commission to hold so many shares untouched for safety reasons. He needs to recoup some of the money, in which case, he will have to sell his shares. And the market will be reduced by a part, and not only that, but the committee can also reduce the degree of mortgage lending, which means that in the future, if possible, banks will no longer provide collateral on a large scale and get funds as easily as they do today, after all, the amount of paper money in the market is very limited. The continuous issuance of paper money may lead to a large-scale depreciation of paper money, which is not conducive to the stability of Qin society, which is something that the federal government tries to avoid.

Think about it. Xiao He believes that the only way out for the current bank is to change the previous profit model. In fact, a profitable model like a mortgage makes a little less. In today's world where large-scale projects require funding, it is very unwise to constantly diversify the funds. This can lead to serious dispersion of funds and eventual bankruptcy. Funds need to be pooled. Rather than constant dispersion.

"Any good ideas?" Yingyu asked.

"Nope." Xiao He shook his head.

"I think we still take a closer look at what projects we're making money on, or what we might get out of other projects." Xiao He suggested.

"Hmm. Your suggestion is very good, let's look it up, or maybe there's something we can find. Yingyu said.

Inside Shang Wen's office. Shang Wen and Meng Yi counted something in the pile of documents.

"Whew. How's your situation? Shang Wen put the results he had just calculated on his desk and asked Meng Yi, who was sweating profusely.

"The results are coming soon." Meng Yi said.

"No more statistics. We've got the numbers. Shang Wen said to Meng Yi.

"What do you mean?" Meng Yi looked up and asked.

"These months, especially from the date of the formation of the Federal Reserve Board. The amount of shares we have received is staggering, and the amount of money released is also staggering, about 1.5 billion yuan has been released from the committee, and the number of shares pledged back is also staggering, and the number is still increasing. Shang Wen said to Meng Yi.

"I didn't expect that we would put so much?" Meng Yi said.

"Yes, look at our documents, these are the applications they submitted, these applications are so many just the application form, if you add the content, the number of documents will be very scary." Shang Wen said.

"This. It's just too much. Moreover, we are still in the process of disbursing money, so I wonder if we are putting too much. Meng Yi felt that the loan granted by the committee was too much, not because he was worried that the loan would not be recovered, but because he was worried about the impact of the loan. What would be the impact of that much?" Meng Yi said.

"I'm not worried about putting too much money in." Shang Wen said.

"I'm worried about their flow, I just took the time to look at the use of funds, especially the use of Wenyang Bank, they continue to borrow funds, collateral is all kinds of stocks. And then after the mortgage, they get the money, and those money go to the next bank, or the joint venture bank, so that they get a stake in another bank, and then they take the stake in the other bank and then mortgage it. Oh, my God. Think about it, what would happen if the first one had a problem after. will cause a chain reaction. It's like lighting a string of firecrackers. The crackling sound kept coming. Shang Wen said.

"This. It's too dangerous. Meng Yi said worriedly.

"Yes, it's dangerous. And a lot of banks are doing it, and now they haven't stopped doing it. Shang Wen said.

"Wenyang Bank is expanding very fast, and it is estimated that they will go deep into other countries in the next step, and some other banks, they are also secretly negotiating their loans, and they may aim further." Shang Wen said.

"If this continues, the last person to bear great pressure will be our Federal Bank Reserve Committee, and they will attack Qin from another angle. The Qin Congress entered the financial crisis again. This is for the state of Qin. Definitely not good news. Shang Wen said.

Meng Yi understood Shang Wen's thoughts, he knew that the current committee was under tremendous pressure, and at the same time, there would be a great risk, which was not good news for Qin Guo.

"It seems that Qin must encourage the establishment of more consortia, let them make investments, let them solve these stocks, in addition, we also ask these places, no matter what method is used, to sell these stocks, recover some of the funds, and let them solve them as much as possible." Shang Wen said.

"So, how is this solved?" Meng Yi asked.

"At present, such a loan in the Qin State can be said to be a kind of crazy blind expansion, lack of systematic investment, we have to standardize them, first of all, we have to reduce the scope of the loan, or the scale." Shang Wen said.

"This will force them to explore other models, and the other model is investment." Shang Wen said.

"Qin will encourage them to build more investment banks and let them enter the investment field of various countries, and we must actively create such an environment. For example, open the capital markets of Yan, Qi, Wei and so on. Shang Wen said.

"What I mean by this is to make the fixed assets of these countries liquid, into shares that can be pledged, and then use these shares as a basis for investment and attract investment." Shang Wen said.

"In this way, there is a lot of investment money. And we have a new direction of development. Shang Wen continued.

"But that's not enough, what we need to do is build up the capital markets of all countries, because it's hard to get a lot of things with these stocks in your hands. They need to circulate, and if they don't, it will pose a great threat to our investment bank, and once such a threat is difficult to control, it will be a disaster for the Qin State. Shang Wen said.

"Hmm. If we do this, it will have a big impact on our banks, after all, our banks have not adapted to this way. Meng Yi said worriedly.

"It's not something we have to worry about, it's what they should do." Shang Wen said.

"Investment banking has some inherent risks. And. Investment banks can say that they are dealing with a lot of stocks themselves, not for our Federal Reserve Board to deal with them, and we are dealing with the shares of the banks that hold a lot of shares, not their shares, and think about it, it's like a huge reservoir, and they keep pledging their shares to us to get money, and they have more and more shares, and the liquidity is getting worse and worse, and finally, once the dam bursts, what are the consequences? Shang Wen asked.

"I don't need to say the result, you all understand, now our Federal Bank Reserve Committee, is such a situation, we have released too much money, and the share of stocks is more and more, more and more, more scary, and by the time we notice, he has accumulated a lot of pressure, if we don't release it at this time, what will be the result?" Shang Wen said.

"So, as a first step, we can't store water in this dam anymore. Otherwise, the pressure is too great, and we have to let them handle it themselves, and that's what investment banking is all about. At the same time, we have to wait, wait until they have dealt with the risk shares, and then we will hand over the shares to them to deal with, so that our risk is gone. If it piles up, the risk will be higher. Shang Wen said.

"Hmm." Meng Yi nodded. I have to say. Shang Wen's analysis opened up Meng Yi. Meng Yi also believes that Shang Wen's analysis is correct, judging from the data, Qin's Federal Bank Reserve Committee does have a large number of shares, which cannot be circulated because they are not listed, in this way, it will form a lot of pressure, the bank has obtained sufficient funds to lend out, and the shares will be mortgaged for a long time, if the time cannot be repaid, the Federal Bank Reserve Board will have to accept such a loss, because the time efficiency has passed. There was no way to gather more money to solve the problem, and the last pressure was given to the Federal Bank Reserve Board in such a way. In this case, a big hole will be formed. And with such a loophole, commercial banks are expanding frantically, although some banks are not expanding very well, but, there is no way, this is a loophole, many banks have seized on this, although the currency is scattered. But other things are not done well, which is really undeserved.

"The benefits of this are clear." Meng Yi said.

"We can effectively prevent such risks. Spread the risk out. Meng Yi continued.

"Not only that, but if Cho wants to set up his own stock trading market, I think South Korea should do the same, or we can give them access to our trading market. Only in this way can those venture capital banks further diversify more risk, by selling stocks, and I think that there should be a broader stock exchange market in a larger area, and these stocks should be dispersed. In this way, the funds can be returned. And how to operate, it's their business. Shang Wen said with a wave of his arms. It's as if it's already done. But Shang Wen does think so, in this way, the government does not have to bear a lot of responsibility. This is of great benefit to the Qin State.

"All we have to do is let them do it themselves, and the government doesn't interfere in such things." Shang Wen said.

"You know what?" Shang Wen continued.

"Qin's financial services are still very low, many securities brokerage companies are not good enough, and banks, they only aim at the lending market, and now, emerging countries are also establishing their own markets, do they want to use the same method to compete?" Shang Wen made it clear that he was dissatisfied with the current inaction of Qinguo Commercial Bank's commercial competition.

"They should be innovative. Innovation, continuous innovation, only in this way can the country have further development. Shang Wen said.

"Investment banks have had before, and we should have them focus their main business on that." Shang Wen explained his intentions, and it is true that investment banks are equivalent to a small federal bank reserve committee, they use the mortgage of shares to obtain funds, and then sell the shares into their own funds, through this way to return capital, in this way every link is a huge profit. Moreover, the cycle is relatively short, and it can also be extended according to the specific situation. In this way, their earnings cycle becomes more flexible. Shang Wen said.

"Countries are setting up their own stock trading centers, so that we can solve the problem of our shares. Transfer of risk. The benefits are clear. This is also in line with the route we are currently going to take for capital export. Shang Wen said.

"Qin stopped expanding to the east, which means that they have a relatively stable period of development, during this time, all countries are working hard to develop, development, it needs all kinds of conditions, Qin has financial advantages, technological advantages, with such advantages, Qin is easy to develop. But it's not easy for countries because they lack everything, and what we have to do is invest that capital. Solve their capital problem so that they have the ability to develop. Shang Wen said.

"Hmm." Meng Yi nodded.

"Let's talk about what to do next. Specific actions. Meng Yi said.

"The king's side is already in a hurry. If we can't solve it well, I think the king will be in a hurry. Meng Yi said worriedly.

"Okay. Let's do it. Shang Wen said.

And inside Wenyang Bank.

"Chairman, I noticed a strange phenomenon." At this time, Xiao He said to Yingyu.

"What?" Yingyu asked.

"Look. Most of our profits, marginal profits and losses are in the loan business, while the income of large-scale profitable projects is in the investment field, such as this one. Xiao He said.

"In Zhao Guo, we invested in Zhao Guo Iron Plant, the section of the railway construction, we have a large number of shares in our hands, through the sale of hotels, we sold a part of the shares to Zhao Guoren, so that we have made a lot of profits in this quarter." Xiao He said.

"Oh. Is it? Yingyu didn't believe it, but the data that Xiao He handed her was clearly written.

"Zhao Guo now has his own stock market, and we can sell these shares in this way. After all, we are investors and have a lot of freedom, unlike those mortgaged shares, they can't be moved for a while. In this case, our funds will be frozen and cannot be circulated. But if we invest, our funds can be circulated on a large scale, as long as we believe that there is value in investing, or a certain period of profit, we can solve this problem. Xiao He said.

"Wait." Yingyu waved her hand, and then looked carefully at what it explained. She suddenly felt that this was the direction of development.

"I think that's the direction of development." Xiao He said.

"I think so, too." Yingyu nodded and said.

"There is a lot of flexibility in investing. Moreover, the shares are ours, as long as they have good development prospects. We can lend out on a large scale. Yingyu said.

"Instead of freezing the shares of a large amount of money into fixed assets in our vault. In this way, our cycle can be effectively controlled and put to good use, which is a good way to go, and we should continue to develop in this direction. Yingyu said excitedly.