1208 Banking Union

"It's not good for banks to be involved. After all, the issue of currency is best controlled by the government. This allows for effective control over the number of banknotes issued. You know, if too many banknotes are issued, it will cause inflation, and. Banks are involved, and it's too easy to get the money they want from the people. I think that's undoubtedly helping banks rob people. So, I think it's better in the hands of the government. At the very least, the government can effectively control it. Shang Wen said at this time.

"So the widow thinks that government control can also cause some panic. To know. The government is also managed by the prime minister, if the prime minister's policy is wrong. So, isn't the Qin State about to fall into a crisis and disaster? At this time, King Qin asked.

"This." Shang Wen really didn't expect such an outcome. However, Shang Wen thinks that this is indeed the case, because the main policy formulation of the Qin State is basically formulated by the prime minister of the Qin State. Moreover, now the state of Qin does not have a clear legislature to make laws. At the very least, there is no such thing as a democratic parliament to enact clear legal provisions to regulate it.

And the power of the prime minister is actually still very large. Shang Wen himself thinks so. The prime minister has a great right to freedom. Especially in terms of lawmaking. Once enacted, it has done so. Whoever governs, then the central bank will follow such an arrangement. Come to think of it. Shang Wen felt that things were getting a little tricky.

"That's true." Shang Wen thought for a while and said.

The minister thinks. That's what the king said. At this time, Shang Wen thought about it and said.

"Yes." King Qin smiled at this time and nodded in agreement. At the very least, Shang Wen said that his views were flawed in some way. In Shang Wen's view, this flaw is still relatively fatal.

"The state of Qin should form a banking alliance with a number of banks united. The banking alliance established had the nature of the central bank of the Qin State. And. The banking alliance had a competitive relationship, so it was more effective to complete the financial affairs of the Qin state. Shang Wen said at this time.

"Yes." King Qin nodded at this time. If it is according to the words of the banking union that Shangwen said. According to the current strength ranking. At the very least, the Royal Bank will sit in the first place. First of all, the Crown Bank was the first to have a large amount of intensive money. Moreover, in this crisis, the stock price of the Royal Bank was the strongest. The stock with the lowest decline was the Royal Bank. And the biggest decline is the Wenyang series of stocks. Steel. Retail. military industry, as well as railways, etc. As long as it is a stock with the word "Wenyang". All across the board of the massive decline. As a result, Wenyang suffered serious losses. The crisis led to a large-scale decline in Wenyang's power. His overall strength is temporarily ranked second.

It is precisely for this reason that the King of Qin believes that after the loss of Wenyang suffered a drastic loss. The Crown Bank will have an excellent opportunity to occupy a dominant position in this way, among the entire banking union. The real decision will be made by the Crown Bank. Therefore, the king of Qin agreed with this plan.

Subsequently, Shang Wen was ordered to refine this plan. As for the main link of the banking union. It will be left to the market to decide. Shang Wen just said that the banking alliance is responsible for the specific things, and there is nothing else?

"What? A banking union? Yingyu shouted loudly in Shangwen's office.

"Yes. This is similar to the central bank of the Qin state. The Banking Union was the central bank that represented the Qin state. Shang Wen said at this time.

"I'm against it. Judging from the current strength, it must be the royal bank that occupies the absolute initiative. Our Wenyang Bank has suffered a lot of losses. To know. Across the stock market, our stock became the largest short stock. The magnitude of the decline was the largest. They are not optimistic about our Wenyang Bank. If according to the degree of capital growth, then, our Wenyang Bank will suffer a great loss. Moreover, we are in dire need of funds, but we can only sell our shares, but the shares are too worthless. Yingyu objected.

"I know that." Shang Wen said in a wheelchair.

"But now doesn't mean the future." Shang Wen said at this time.

"Now. Now, the royal bank will dominate, they will get a lot of money, isn't it the same? Yingyu said at this time.

"Oh no, no. The present of the Qin State does not mean that the future is like this. You know, Qin needs a stable and healthy developing financial system. There is going to be a massive reshuffle of the financial system, which is not yet complete, and this is just the beginning. Shang Wen said at this time.

"Without sufficient money, how can I occupy the market and occupy an absolute advantage in this financial system." At this time, Yingyu said.

"Yes. There's a way. Shang Wen shrugged his shoulders at this time and said.

"What's the solution?" This time. Yingyu asked.

"That's it. Changing the financial investment environment. Your advantage is that you have a large trading system and a well-established channel for foreign investment. And the royal bank did not. The royal bank is a very big shortcoming in this industry. Shang Wen said at this time.

"I think the state of Qin after injecting a lot of paper money. These banknotes will definitely flow abroad like a flood. At that time, your money will become more and more abundant. Shang Wen said at this time.

"Don't forget. After the formation of the Banking Union. Not only that, but Qin will introduce some policies to encourage some large banks to merge and reorganize some small banks. It is necessary to merge the business of some small banks. In this way, it is equivalent to reintegrating resources. You know? Shang Wen asked at this time.

"What?" This time. Yingyu asked.

"It's like telling you that there's a massive reshuffle in the banking world. You're going to eat a lot of small banks. Shang Wen said at this time.

"Eating these banks means that you will merge these businesses. There will be many ways to make money. Shang Wen said at this time.

"Also, we plan to continue to issue a large number of bonds for some time after the formation of the banking union. First, old bonds in the market will be bought back. Second. The government needs to withdraw some of the funds. To know. There are many places that need to be built in the Qin State. Shang Wen said at this time.

"So, the issuance of bonds is a must. You can think about it at that time. This will help improve your investment plan. Shang Wen suggested.

"Yes." Yingyu frowned and nodded at this time. She didn't understand what Shang Wen meant. But Shang Wen was obviously telling Yingyu about some changes in the Qin State in the future. As long as you grasp the trend of changes in the Qin State, then are you still worried that you can't rise quickly in the Qin State?

This time, Wenyang Bank's losses are indeed very large. But, don't forget. The foundation of Wenyang Bank is still there, in the real economy. He also has considerable strength at his disposal. In finance. Wenyang Bank's investment projects are almost the most comprehensive among all the banking categories in Qin. Arguably. Although Wenyang Bank has suffered a large loss in terms of financial resources. However, in terms of strength, the losses suffered were not too great. Moreover, with time, it can be quickly recovered. This is the point that Shang Wen values the most.

"It's called a preemptive strike. Although the royal bank took the initiative. Don't forget. The Qin government was also involved. And the biggest initiative is in the hands of the government. The government is going to buy a lot of gold, company shares this time. corporate bonds in exchange for an injection of funds. Shang Wen said at this time.

"So, there's no need to worry." Shang Wen said at this time.

"As long as there is enough time. That's it. Shang Wen comforted.

"Yes. Let's hope so. Yingyu nodded helplessly in agreement.

Shang Wen shook his head helplessly. Yingyu's answer looked a little unhappy. Shang Wen could only comfort here.

Subsequently. Shangwen continued to refine the revision plan. This plan has been revised several times. Mainly after perfecting some specific programs. Shang Wen had to make some internal statements in the main hall of the Qin State, and after passing it, he could resume his position. to implement this program.

And on the Eastern Front. Both the Zhao army and the Qi army were exhausted in the final desperate struggle.

"Boom." An artillery shell exploded on the positions of the Qi troops.

"Whoosh." Another shell flew at this time.

"What are we doing here?" At this time, a major general officer of the Zhao Army's military mission asked.

"Report to the general, we are going to occupy that high ground. We call it 223 Heights. A colonel said at this time.

"What can we do after we take that high ground?" At this time, the major general asked.

"We can open the main passage to the Qi army. In this way, our army can quickly move south to fight. We have the advantage that behind this high ground is all plains, and there will be no fortifications against our attack. We just need to move forward. Advance. You can reach the river, and the entire Qi army will surrender. The colonel said at this time.

"Yes." The major general nodded at this time and said.

"How many times have you attacked?" And this time. A brigadier general asked.

"We've attacked twelve times. Three infantry battalions were put into service. But as a result, we only occupied the previous village of Dingkou, that village, and the rest of the village did not make any progress. The Qi army was like a swarm of rats, and when we hit the shells, they took refuge, and when we rushed up, they appeared. The Qi army and we were frantically engaged in hand-to-hand combat. None of our attacks could be launched, they fought us with explosives packs, and we suffered heavy losses. They're so desperate. The colonel said in horror at this time.

And all the mission officers looked at the colonel in amazement. They couldn't believe that the Qi army would defend their positions like this.