Soon the army of the World Federation entered Youzhou City, the capital of Jizhou, under the leadership of Pang Tong, Zhang Liao, Gongsun Kang, Fa Zheng, and Ma Tie, and took over the entire land of Jizhou from the garrison Zhuge Liang. Pen ~ fun ~ pavilion www.biquge.info

Liu Feng, who had just returned from Liaodong, was overjoyed, which meant that Jizhou and Liaodong had all been captured, and Yuan Shao's forces had been indirectly destroyed! The next step is to sit down and talk about who will pick the fruit!

On the way back from Liaodong, Liu Feng brought back the secret room and put it on the panel, waiting to enter Youzhou City to explore the so-called code name of Beijing and the Cave on the Mountaintop!

"Hu Ya, how is the domestic economy doing recently?"

"The country is rich and the people are strong! Commercial industry and mining are booming, and legislation is urgently needed to regulate them, and now there are some new things that need to be corrected! Many talents have emerged in the field of science and technology, especially in the field of invention, the improvement movement based on airplanes and trains is underway, and the theoretical practice of machine guns and shells is constantly deepening! Literature has shown a rare blowout development, and a large number of excellent literature and physical and chemical theory books have emerged, which are of mixed quality and need to be rectified as soon as possible! “

Hu Ya said a lot of central ideas, which is rectification!

"Some people are challenging the existing political landscape, and they are asking for freedom! I hope to participate in politics! I think this aspect needs to be improved as soon as possible, otherwise it will definitely cause a big thing! “

"Well, what you said is right, you can join here based on the laws of the Earth Federation, and carry out covert improvements in the democratic part, so that this president can effectively centralize the power of the upper and lower levels, and at present, we have not yet completed industrialization and the unification of the whole country, I will not let go of power! You need to establish a concept in your mind, everything must be democratic centralization under the center of the Chinese Empire, otherwise everything is empty talk! “

Liu Feng naturally knew that these people of insight began to want to pray for greater rights under Liu Feng's previous unremitting enlightenment! This is understandable, but they must face one point squarely, the current situation of the Chinese Empire will never engage in that set of reformed democracy, otherwise it will fall into a place of no return, these willow winds know very well!

"As for the products produced by domestic industrial and mining enterprises affected by the war in Jizhou and the war in Liaodong, sales showed a downward trend, because the war has really affected the economy, many enterprises have serious industrial and mining inventories, but even if this still has to expand production, for fear of the rupture of the capital chain, they continue to borrow like our bank loans, local governments in order to pursue one-sided economic prosperity, almost without hesitation to support, now the economy is becoming more and more tense! For the first time, the total amount of loans in the capital city alone exceeded the amount of deposits! This is a problem that needs to be rectified urgently! “

Hu Ya has been dealing with finance every day of the year, and in addition, the China Imperial Finance Company and the headquarters of the China Imperial Bank are two separate existences, and the level of the financial head office is higher than the six departments, which seems to be the existence above the six departments.

In addition to the report report of almost every department to the parliament and President Liu Feng for consideration, there is also a report to the Chinese Imperial Financial Company!

Liu Feng pondered for a moment and said: "Shrink the monetary base, raise the interest rate and loan interest!" To stop this evil trend, the government will take the lead in recovering the loan, and use the product as collateral to recover it as soon as possible, and the total amount of their loan will be purchased at a low price to achieve destocking, and this matter will be done by you, and all the products will be handed over to the China Imperial Financial Corporation for mortgage procurement, and then the ports will be sent, and then I will deal with this batch of goods as soon as possible! “

"That's not good, you directly received the mortgage of their inventory loan, wouldn't it break their capital chain in advance! One day, all the products they can't sell are pledged into the loan part at this moment, so what should they do to continue production in the next step? “

Hu Ya didn't understand what Liu Feng's intentions were, and asked puzzled!

"It's time for companies to lose weight, this time they want to pay more interest on production from our raised interest rate, so that the financial aspect is not greatly relieved of the pressure, and second, is the inventory all eliminated, providing more direction for their next production plan and credible! Third, most of these goods come from the bank's loans, at this time we take out these products to retain, the bank's internal liquidity is limited, and we must get along with the method of automatic contraction of the bank to deal with it, and then we don't need to supervise, you can run freely! “

Liu Feng's idea is simply killing four birds with one stone! All problems were solved in an instant.

"How's the financial side going?"

"In addition to the fixed annual loans to the four countries, in addition to the loans for the construction of railways in the Huainan Republic, there is also a part of the balance that can not be digested, after all, we printed too much money before, although the Chinese Empire strictly set prices for commerce, private prices have shown an upward trend, the various vassal states in the case of the war in Jizhou and the war in Liaodong, some retail merchants also began to raise prices, resulting in the squeeze of the living space of some enterprises! I've decided to use financial leverage to regulate! I don't know if I can suppress this evil spirit! “

"There is no need to suppress it, I have a way to let idle money find a way out, and I can also let the vassal states eat a large amount of our goods!"

Liu Feng seemed confident.

"What's the solution?"

"First, all the products confiscated will be used to pay for the redemption of land in Jizhou and Liaodong, and all these landlords and small peasant families will be driven out as our servants, providing us with commercial prosperity, accelerating the liquidity of the bank's funds, and the part of the output will be withdrawn by the Chinese Imperial Financial Mint Bureau to inject those idle funds into the banking system and improve the bank's ability to resist risks! The second part of the vassal states will definitely need to ask for financial compensation on the Jizhou issue, and when the time comes, they can use the goods as collateral instead of banknotes, so that all the inventory can be solved, and all the current economic problems can be solved in a few flashes! “

Liu Feng went around and bypassed, nothing more than a simple thing and a complicated triangular structure, which was originally an enterprise, industry and mining, a bank, and a depositor, and in a flash, Liu Feng joined the Chinese Imperial Financial Company as the general leader--the governments of the various vassal states (distribution of inventory products)--the land redemption work of the people of Jizhou (the mortgage of inventory products), and then the China Imperial Financial Company provided the funds -- the banks obtained the necessary loans- The original loans of industrial and mining enterprises were cancelled (the inventory products were recovered by the financial company, and the principle of more refund and less compensation was implemented).

Liu Feng added so many things to activate the economy everywhere, and the most important thing is to revitalize a large number of industrial and mining enterprises and eliminate the impact of the huge market damage caused by the Battle of Jizhou and the Battle of Liaodong.

In the end, the Chinese Empire effortlessly obtained the inventory of many enterprises as compensation for the distribution of the princely states of Jizhou, and replaced the income with products, and the skills obtained the land of Jizhou, and the merchants found the product land!

It is effortless, it is a problem of dead and bad debts for many years, so as to avoid hidden dangers in the banking system and not be investigated!

Without much effort, the energy accumulated over the years by many enterprises and mines was taken away by the Chinese Empire by law.

Effortlessly, it firmly strengthened the control of the Chinese Imperial Financial Corporation (exclusive to Liu Feng) over the banking system!

The ultimate winner in life is, of course, Liu Feng.

After the program was implemented in full swing, the industrial and mining enterprises clearly welcomed it, so that the problem of their inability to repay the loans they had accumulated for many years was solved, and it was feasible to use the inventory in exchange for the necessary loans! It can also reduce the burden of repayment on your body! Provide a good environment for the next step of continued borrowing.

The vassal states welcomed the distribution of Jizhou and the plan of exchanging products for land proposed by the Chinese Empire, in their opinion, if they gave money directly, they would have to import products from the Chinese Empire, and they did not know how much freight and middlemen had been added in the middle, and the price at hand had been infinitely larger! This is because of the business drawbacks brought about by information asymmetry!

And this time the pricing of the Chinese Empire was only raised by 50% on the basis of the ex-factory price, which is still lower than their arrival price, because ships and automobiles and trains have been common in this era, there is still no progress in freight rates, and they are still high, mainly because these freight goods are basically monopolized by big businessmen, and it is impossible to reduce prices!

The large landlords, small and medium-sized landlords and some families in Jizhou are also more welcome to this, their land is valued according to the market value, and the insufficient number of products can be sorted out in accordance with the principle of three years, and the goods and products can be transported in batches.

They were worried about how to survive after losing their land, and now the Chinese Empire gave them a clear signal, that is, to engage in business! How could they not love a country that gives free products in a steady stream! Soon after these goods are sold, they can take root in the Jizhou business circle, and latecomers will not be able to get involved, which is simply the cause of thousands of generations!

Liaodong is naturally more willing to this way, originally Liaodong was geographically remote, the land was barren, and the inland goods could not enter on a large scale, but now the Bohai Sea has become an inland river, and all the commodities have become interconnected after opening up the land of Jizhou, laying a solid foundation for the next Chinese Empire to annex Jizhou and Liaodong.

In the spring of 198 AD, after several months of running-in and step-by-step land distribution, Jizhou and Liaodong initially established local political power and Yuedan propaganda institutions like the Chinese Empire.

The representatives of the gentry of Jizhou in Youzhou City and the local forces of Liaodong officially signed a memorandum of understanding to join the Chinese Empire in Youzhou, officially declaring that the world has become the territory of the Chinese Empire!

The world was in an uproar, although it surprised them, it was also reasonable!

Zhuge Liang and Guan Zhang were appointed as the Grand Duke of Jizhou, the Deputy Grand Duke, and the Deputy Grand Duke!

Chen Gong, Tai Shici, and Tariman were appointed as the Grand Duke of Liaodong, the Deputy Grand Duke, and the Deputy Grand Duke!

Mainly for the defense of these places as the main military presence, administrative jurisdiction and diplomatic and economic rights were returned to the Chinese Empire, and they only had the right to suppress Wu! (To be continued.) )