After Shangwen announced that he wanted to reform the financial sector. The relevant financial terms of the Qin State began to be introduced one after another.

"Qin will set up a banking alliance across the country. The Union of Banks will be responsible for injecting funds into Qin's monetary assets. Unified management of gold reserves, and at the same time, the establishment of a reserve requirement ratio set by the banking union. The financial clause says.

"For the current merger activities between banks in the Qin State. and the collapse of banks. Qin will introduce a corporate merger law and corporate bankruptcy provisions. Bank mergers are strongly encouraged. Instead of filing for bankruptcy. "These actions of the state of Qin are telling the message. The Qin state was encouraging large-scale mergers between banks.

And the merger between the banks will be unstoppable and let the banks of the Qin State form a monopoly organization, in fact. The banking alliance has become a monopoly organization of the Qinguo Bank in disguise. It's just that all the people haven't felt the Tao yet. Even when Shang Wen pushed this force, he didn't expect it. When his own set of plans was to enhance the financial strength of the Qin State. It will promote the development of the monopoly organization of the Qin State.

Monopolize. First of all, the financial development of the Qin state. The monopoly of finance, especially the banking industry, would play a decisive role in the development of the Qin state.

"We need to focus on solving the current problems in the banking industry." Shang Wen said this at his cabinet meeting.

"There's a problem with the banking industry right now." Shang Wen said with his own report.

"First, there is the problem of bank failures, and some small and medium-sized banks have failed because of operational problems. The business of these failed banks was related to the remuneration of many Qin states. Their collapse is a great hidden danger to the development of Qin's banking industry, and we do not agree with the collapse of these enterprises. So, we're going to buy them over, buy them in the state way, and then they're going to sell them to the big banks. Let those big banks merge them. Shang Wen said at this time.

"Yes." Cabinet members nervously recorded this. They believe that the prime minister's plan is feasible. At present, there are many such small bank failures in Qin. The collapse of these banks led to a heavy loss of savings among the people of Qin. Shang Wen fully took this into account, so he wanted to revive these banks. The purpose of the rescue is to keep these businesses alive. And they're going to hand it over to another bank. And then move on.

"Another problem is the banks that are on the verge of failure, the capital chain is broken, and there are still banks." Shang Wen said at this time.

"We encourage the big banks to merge with them, or to form a whole new group of banks among themselves, to unite them and to expand their assets. Let them have a whole new development. Shang Wen said at this time.

"And if the annexation of them is encouraged?" At this time, a cabinet member asked.

"Banking Union. In the banking union, the government has a big say, and we need to encourage them to merge. If they merge, we'll give them some tax incentives. Shang Wen said.

"In addition to that, we are going to buy shares in these banks, bonds, and inject money in this way, and at the same time, we will take a controlling stake and then sell the big banks." Shang Wen said.

"In other words, our government is also a businessman now." A cabinet member raised his hand and asked.

"Yes. That's what I mean, if not, then our Qin State will get worse and worse. Shang Wen said at this time.

"And the prime minister." At this time, a cabinet member's aide raised his hand and said.

"What's the matter?" Shangwen asked.

"Our bank's foreign business has suffered a lot. What are we going to do? At this time, a staff member said.

"Well, you're right, our current banks abroad are mobilizing funds that we shouldn't be using because of funding problems, but problems have already happened. At this time, we can't treat the past market anymore. Shang Wen said at this time.

"We're going to save our business abroad." Shang Wen said at this time.

"Qin's banking penetration capacity has suffered a lot, and we don't know how big this loss will be at this time. But we must do everything we can to save it. Shang Wen said at this time.

"We'd better get started as soon as possible." Shang Wen then ordered.

"We still entrust Meng Yi to manage this matter." Shang Wen said at this time.

"Deputy Prime Minister Meng Yi." Shang Wen said by name at this time.

"Yes, Prime Minister." Meng Yi said at this time.

"I trust you to be able to handle this." Shang Wen said to Meng Yi with a smile at this time.

Meng Yi nodded with a smile. His understanding of Shang Wen's smile was a kind of full trust.

"Yes." Shang Wen nodded.

Just when Shangwen set out to solve the bank's problems. Especially when it comes to foreign banking and financial business. And Qin's foreign country had a completely new opponent. This opponent is South Korea. South Korea's movements are very fast.

They have already reached out to one of the investment countries of the Qin State. This country is the country of Zhao.

"Mr. Prime Minister, we will provide a considerable amount of money to help your country's current financial problems." A representative of the Bank of Korea said to Guo Kai with a smile at this time.

The bank representative was negotiating the business on behalf of the Royal Bank of Korea. They are very aware that the current banking business, especially the banking business of Qin, they have temporarily withdrawn most of the market in Zhao, and Qinguo Bank has withdrawn funds for no reason, which has led to an extreme shortage of funds in Zhao.

Many Zhao Guo projects that have started construction, although they are in intense progress. However, the nobles of the Zhao State knew very well that it would not be long before their funds would break. Considering this, these nobles began to form a group and went in and out of Qin's banks intensively, but they couldn't borrow money at all. But these were seen by the South Korean ambassador. So, he quickly took a telegram and sent it to China. As a result, the Royal Bank of Korea, which had just been established in South Korea for a short time, quickly dispatched a carriage of banking representatives. They quickly traveled north to reach the state of Zhao. Their arrival instantly set off a huge wave of loans in Zhao State.

"We are already very grateful that you can come to Zhao Kingdom." Guo Kai said excitedly at this time.

"How much money can you lend us?" At this time, Guo Kai asked anxiously.

"Two hundred thousand gold." The sales representative said.

"Oh." Guo Kai frowned at this time and said.

"Our 200,000 gold is a gold coin. It can be converted into half gold. It's real gold. "This time. The sales representative said.

At this time, Guo Kai, who was tightening his brows, quickly smiled. This may not seem like a lot of money, but when converted into paper money, it is quite large. Moreover, now the price of paper money has been falling, that is, gold coins are able to exchange for more and more paper money. Of course, this made Guo Kai laugh.

"Hahaha. That's great. That's great. Guo Kai almost hugged the business representative and kissed him at this time.

The Royal Bank of Korea could not print their banknotes, and once they were printed, they probably would not immediately become an international currency like the Qin state. Because the extension behind the banknotes is the strength of the Qin State. And South Korea's current strength is still very weak.

So, with that in mind. The queen believes that South Korea cannot issue its own banknotes, and given the level of printing technology in its own country. In Korea, only some cloth, newspapers, and books can be printed and dyed, and even bond printing cannot be carried out. Because, these negotiable bonds will soon be copied by others after they are printed, in order to prevent such a phenomenon from happening. With that in mind.

Han Sook ordered people to mint Korea's own gold coins. At the same time, in order to compensate for the lack of gold and silver coins, she ordered the minting of silver coins at the same time. The use of coins was to compensate for the inability to manufacture banknotes in South Korea, but this partly compensated for the inability to issue banknotes in South Korea.

On top of that, the coins issued by Han Sook are hard currency and have a high credit rating. Therefore, the Bank of Korea suddenly opened the banking business that Qin had partially withdrawn, and relied on these hard currencies to slowly squeeze out Qin's banking business.

Soon. The loan crisis in Zhao, which was triggered by the financial crisis in Qin, gradually improved with the help of South Korea's hard currency. Zhao's economy began to burst out with new vitality again.

South Korea's banks have developed as a result of this excellent historical opportunity.

Korean banks are not just developing abroad. in the country. South Korea has also undergone a series of developments.

The first is the Royal House Bank of Korea, and the new aristocratic bank, which is formed by a series of ministers in which the Royal Family Bank has a stake. A number of private banks have also been formed. They have provided loans and financial support to domestic enterprises. So. South Korea also slowly got rid of the capital control of Qin's banks.

And that's not all. Some banks in South Korea have begun to take the initiative to attack. They started business with Qin's banks at first. Sharing the wealth together, and then, some banks tried to buy some of the Qin investment banks that were facing financial constraints, although they failed. After all, Qinguo Bank still has a certain strength, but this is an attempt by the Bank of Korea after all, and at the same time, it is also telling Qinguo Bank. Korean banks are on the rise.

In this way, the rise of Korean banks will greatly provide them with the necessary financial support, which is the necessary conditions for the next development of South Korea. However, South Korea has also developed another strategic goal. Their target was the state of Chu. They will provide the necessary financial support for the nobles of the Chu State, and they will produce gold coins instead of paper money, which has a great advantage over paper money.