Guo Yu spent a lot of money to buy 14 ships, including cruisers and destroyers, and Guo Yu took the time to send them to Kalimantan Island, where he asked Navy Commander Lin Haichao to organize the Navy to step up learning about the use of new ships and form two cruiser fleets.

At this time, Guo Yu already had an army unit of more than 90,000 people in Jiangsu, including an armored division, two motorized infantry divisions, and four infantry divisions, of which the infantry divisions had their own artillery regiments. Kalimantan also formed an armored division, a motorized infantry division, and two infantry divisions, totaling 70,000 men.

The navy has 23 surface warships, 18 submarines, 1 multi-purpose supply ship, 3 landing craft, 3 supply transport ships, and Guo Yu already has a naval force of 47 ships. At this time, Guo Yu's strength is no longer what it used to be, and he stands proudly in the world.

Strong armed forces are the guarantee of security, but Guo Yu did not let go of economic development, because such a force of more than 100,000 people, and it is also a force close to modern equipment, it is very expensive to raise, and only sufficient funds can ensure the normal operation of the army. Once a war starts, the consumption of ammunition alone is an astronomical amount of money, and the cannon costs 10,000 taels when it goes off.

What makes money the fastest, naturally prints the fastest money. When Guo Yu took over the Bank of Communications, he had already made up his mind to open the Bank of Communications as the largest bank in the Republic of China, although the Bank of Communications now has a problem of indiscriminate issuance of banknotes, but this has little impact on Guo Yu, Guo Yu is more interested in his business outlets distributed throughout the country, and to pull the Bank of Communications into the formal. There's a lot of work to be done upfront.

Guo Yu hired the newly appointed general manager Fu Desheng, who was in charge of banking affairs. Fu Desheng was not originally a member of the Huafu Association, he graduated from Cambridge Business School, and was a classmate of Al Ah, Guo Yu's business president in the United States. But as a Nanyang Chinese, he is definitely an elite figure in this era, Guo Yu is now vigorously absorbing talents from all walks of life, and he will naturally not let go of the financial talent with a doctorate introduced by Al. At this time, Guo Yu called Fu Desheng to ask about the Bank of Communications.

Guo Yu poured a cup of kung fu tea and handed it to Fu Desheng, who quickly took it with both hands, took a sip and put it on the rosewood tea table. "Desheng, how have you been sorting out the business of Bank of Communications recently?" Guo Yu asked.

"Boss. I've done a rough look, but I've found a lot of problems. Originally, the operation of the Bank of Communications was simply unscrupulous, and it did not operate in accordance with financial rules at all, but now countries still operate mainly according to the gold standard, if a large number of paper money is issued indiscriminately. The price of paper money has been depreciated again and again, which is bound to cause inflation. The amount of paper money cannot be issued in excess of the amount of gold and silver money it symbolically represents, and once this amount is exceeded, the paper money will depreciate and prices will rise, resulting in inflation. Inflation occurs only under the conditions of paper money circulation, and not under the conditions of gold and silver currency circulation. ”

"And now the situation of the Bank of Communications has been very strict, if in Europe and the United States, such a situation will be directly stopped by the government. The relevant people will also be dealt with strictly, and I can't believe that the Bank of Communications has been able to hold on to it until now. Fu Desheng showed an expression of disbelief.

"Nothing is impossible, in the Republic of China. No matter how strange things can happen, let's talk about how to rectify the Bank of Communications next, which is what we need to consider. Guo Yu is also not surprised, is there less such a thing happening in the Republic of China. In fact, there have been such things in China in history, and it is said that a powerful country like the Yuan Dynasty was because of the implementation of the paper money policy. In the end, due to the large number of indiscriminate issuance of paper money, the purchasing power of paper money decreased sharply, and finally the fiscal collapse at the same time. The biggest victim of currency devaluation is the common people, who naturally rebel when their hearts are scattered and their lives are unsustainable. This is also a typical case of the financial collapse of a powerful dynasty.

Of course, the sharp depreciation of the legal tender at the end of the Republic of China was also caused by this, and the last sack of paper money could not buy a bag of grain, and the value of paper money was not as good as waste paper, which was also an important reason why the Republic of China lost the hearts of the people.

"After research, our financial team found that if we want to restore the normal operation of the Bank of Communications, we need to inject capital into it in advance, and the amount of funds will be about 30 million US dollars, so that we can stabilize the purchasing power of the Bank of Communications currency in US dollars, but this is only a temporary method, after all, it is not very safe to use foreign currency as collateral, and the safest way is to use a large number of precious metals as collateral to issue the same amount of currency." Fu Desheng explained.

"So how do we make money?" Guo Yu doesn't know much about financial operations, and he is most concerned about how to make money.

"After stabilizing the Bank of Communications currency, we will gradually withdraw the original currency, replace it with our own currency, the style of the currency is still in the design, and will be presented to you for approval and modification, and when all the Bank of Communications banknotes circulating in the market are replaced by our own banknotes, we will establish the credit of the Bank of Communications to strengthen people's confidence in the Bank of Communications, so as to carry out lending and absorb precious metal business, and continue to print banknotes into the market with precious metals as collateral, so as to form a virtuous circle." Fu Desheng said.

"At the end of the day, you still need a lot of precious metals." Guo Yu muttered.

"Huafu Club has a large number of enterprises and factories, as well as Huafu shopping mall, which is a very good resource that we can make full use of. Now Huafu shopping mall is very famous in China, many people have to go to Huafu shopping mall to buy goods, we can let Huafu shopping mall implement currency collection, that is, only accept our bank's newly issued banknotes and gold and silver currency. Then gradually change to only accept newly issued banknotes, and let people take gold and silver money to the bank to exchange the banknotes issued by us, so that the precious metals will gradually be collected into our hands. Fu Desheng had an idea.

"It's a good method, it's easy to do, and people don't have to worry about it." Guo Yu's eyes lit up when he heard this.

"And this has another advantage, that is, it can resist the circulation of paper money in other banks and the flood of all kinds of private coins, and people will gradually abandon other banknotes and use our banknotes after they find that the paper money we issue is the best to use, so that it will squeeze the market of other banknotes little by little, and finally those small banks and money banks will have no market, so as to stop the indiscriminate issuance of paper money." Fu Desheng said.

It seems that the financial team has considered it very thoroughly, "Do you have any methods for the provinces to mint coins privately?" Guo Yu remembered the matter of the CBRC, and if he wanted to really use the CBRC in the future, the overseers of the provinces could not avoid it.

"We've come up with a way to do this, but whether it works depends on what you mean." Fu Desheng said uncertainly.

"It's okay, if you have an idea, just say it, let's refer to it together." Guo Yu said.

"The provinces mint silver dollars and copper coins privately, naturally in order to make money, and some places use guò to reduce the silver content to make money, and even directly mark copper coins with large amounts of coins and use them as silver coins, which are all acts of looting the people's fat and people's ointment. Our bank can buy silver coins or gold in their hands, of course, copper coins are not wanted, and then calculate the value according to the gold and silver content, but we can give the other party a high premium, that is, each gram of gold is worth 20 new dollars, we can trade it to these warlords at a price of 23-25 yuan, although this is not as much as they make by minting coins privately, but the income is also very good, it is estimated that there will be overseers agree, as for the copper coins they mint privately, those can only be slowly squeezed out of the market later. Fu Desheng said.

Guo Yu thought about it silently for a while, this approach is not too clever, but against those greedy warlords, there is really no good way for a while. Only when trading with them in the future, try to let them use gold and silver, in order to slowly change some unreasonable situations, but it is really difficult to really make those warlords give up the money-making business of minting coins, even if Guo Yu does business with them, in the provinces they control, they still have the final say, and they will naturally continue to use those shoddy currencies.

"For the time being, it can only be like this, or this Republic of China is too chaotic, without a strong government, the warlords below will not be obedient." Guo Yu said paradoxically, agreeing to this approach.

After all, the matter of the China Banking Regulatory Commission is only an idea of Guo Yu, and it is unlikely to be implemented now, and it can only be operated as a direction in advance.

However, Guo Yu still has to attend the opening ceremony of the Bank of Communications in Shanghai.

A Renaissance-style 4-storey building located at No. 14 Bund in Shanghai's Public Concession. It was the Shanghai branch of the Bank of Communications, and at this time, the consuls and bank managers of various countries who were invited to watch the official renaming and opening of the Bank of Communications stood outside the door of the building full of flower baskets and waited for Guo Yu to preside over the ceremony.

Guo Yu is now the overseer of Jiangsu and the actual controller of Shanghai, and the consuls of various countries still have to give some face.

Shanghai in September is still very hot, Guo Yu had to put on a suit and tie in order to look formal, standing on the sunny stage, manager Fu Desheng said into the microphone: "Thank you for the invitation to participate in the renaming ceremony of the Bank of Communications, it is now ten o'clock in the morning, the auspicious time has arrived, please Guo Yu overseer to start cutting the ribbon and unveiling." ”

The drum band below began to play music, Guo Yu walked to the steps with a smile on his face, and picked up the scissors in the tray of Miss Manners with the American Consul Alder and the British Consul Jensen who were invited to come and cut the colored silk. The crowd below burst into applause.

Guo Yu walked to the gate of the bank, dropped the curtain red rope that covered the bank's signage, and the red curtain floated down, revealing a metal plaque with black letters on a gold background: "Huafu Bank Shanghai Branch". The crowd applauded again.

After the unveiling, Guo Yu walked onto the stage and started his speech into the microphone. (To be continued) R655