Fan Zeng through the literal understanding, understand the requirements of the South Korean side, for the submarine cable, he believes that the future direction of the Chu State, is also the ocean, the demand for submarine cables is also very huge, for the understanding of the southern ocean, the upper level does not know much, the reason is because of the inconvenient communication, in the era of the popularization of telegraphy, the ocean is the only place without telegraph. The future direction of development of countries may be www.biquge.info the ocean. Maritime trade is also the direction of the development of the Chu State.

In the foreseeable future, Chu also needs South Korea to provide information technology support for submarine cables. Only in this way can the state of Chu further control the maritime trade.

However, from the perspective of national security strategy. It seems that only Chu can get enough security by mastering this technology himself, because South Korea can completely profit from submarine cable technology. This kind of contradiction was considered left and right in Fan Zeng's mind. In the end, he felt that Chu still lacked technical talents, otherwise, South Korea would not have such technology as submarine cables. However, in order to solve the financial problem, the state of Chu must develop maritime trade, and only after trade can all the financial problems be further solved, after some consideration, Fan Zeng decided to take the way of cooperation with South Korea to temporarily gain an advantage in terms of access.

Xianyang, Qin State. Inside the parliamentary hall of the Reserve Committee of the Federal Bank of Qin. Several members of the Standing Committee are engaged in heated discussions about the Qin government's mortgage of a large number of government bonds.

"We all know before that government bonds are pledged by banks, and these banks also underwrite a lot of government bonds to make a profit. However, we at the Federal Bank Reserve Board do not have such exceptions. Zhang Fa said to the major committee members.

"We are the Federal Bank Reserve Board, reserves, the reserves of the banks are our responsibility, what are we saving?" At this time, Meng Shu said.

"We have a large amount of funds in reserve, these funds are generally speaking, that is, currency, that is, the paper money currently circulating in a wide range of Qin State, and our function is actually to control the supply and demand of currency in circulation in the market, which I think you must figure out." Meng Shu stood up and said.

"Before, the major banks could pledge their shares to us, and then we released a lot of money, which solved the demand for money in the market for a while. However, with the passage of time, especially in the recent period when large-scale investment programs have been unfolded, the demand for money remains high. Moreover, the banknotes of the Qin state were circulated in the states of Zhao, Yan, Qi, and more likely in the states of Wei and Chu. As a result, the demand for money is very large. This figure is conservatively estimated to be around 100 million gold to meet the demand, but according to our statistics, the currency we have provided to the market has only provided less than 40 million gold in the past few months, which is obviously not enough to meet such a large-scale demand. Meng Shu said.

"But, don't forget. The plan proposed by the Prime Minister's Office this time is a mortgage bond of 120 million gold, or the current value of the Qin State, but we can't come up with such a large amount of money, and the only way is to use the plan of printing more banknotes, but in this way, the banknotes will depreciate to varying degrees. At the same time, in order to cope with a possible future run, we also need to stabilize the price of gold, so that our demand for gold will be very large. Zhang Xiu shook his head and said.

"Hmm. I agree with your idea, but I think that we are just stockpiling these bonds, and when the bonds mature, the government will naturally use the financial funds in hand to buy back these bonds, and the funds used by the government to use the bonds as collateral are used for investment, and the future investment effect is very large. So to speak. The government is currently the largest enterprise in the Qin State. "Meng Shu fully agrees with the plan of pledging government bonds in exchange for a large amount of currency in circulation, his interests are the same as the government, and he represents the power of the government behind him, Zhang Xiu is different, he is behind the small and medium-sized banks. They are worried that too much money supply will lead to overlap in their business and lead to a decline in business profits, and Zhang Fa, who is in the middle, represents the attitude of Qin Guoda Bank, as long as there is profit, they will do it, and if there is no profit, they will not be interested.

In the case of government mortgage bonds, they feel that the profits are not very large, because the projects invested by the government are all banks, and enterprises are not willing to invest in projects, these projects must have, but the profits will not be very large, and the amount of funds consumed is large, and the time is long, and banks are not willing to do such business, especially those investment banks, are generally not interested in such business. They like to eat ready-made, for example, after the government has completed the investment, the government needs to recover the benefits, they will pay to buy it, at a price that is higher than the original value of the investment. From the perspective of long-term investment benefits, there is absolutely no possibility of depreciation as long as we continue to hold. It's a great deal.

Some Qin comic newspapers compared the Qin Bank to an eagle in the desert, they would be interested in all kinds of carrion, and they would have to pick and choose about it. They always get something for nothing, and they are able to pick out the best food to enjoy. Now they are just waiting for something like this, and if they can, they can fully support the government to do so. They wouldn't object.

"Hmm. On this matter, I believe that the idea of committee member Meng is correct. Zhang Fa said.

"You see, we are the Federal Reserve Board of Banks, the banks, the reserves. Reserve. Bank. Zhang Fa emphasized.

"Besides. We just reserves, that is, the government mortgages bonds to us, we provide funds, government investment projects, after a period of time, there are funds, and then exchange them for funds to buy back their own bonds, so that the bonds come back to the government, we exchange the original currency, and at the same time, the market needs a lot of money, and the government's investment will meet such monetary needs, because if you invest, there will be such and such demand, which is important for the development of banks. And the monetary demand of various investment projects is beneficial, and we are able to meet the monetary demand of the market, which is a very good thing, and I don't think we have any reason to oppose it. Zhang Fa said.

"So, you agree to the plan?" Zhang Xiu asked.

"Yes, so to speak, if you do this, it is an opportunity for all major banks, and this opportunity comes from not easy." Zhang Fa said.