After receiving a telegram from Wilhelm II, Qin Yu quickly replied to him, Qin Yu was very grateful for his kindness, Huaxia now has a very special relationship with Germany, it seems to be an ally but not an ally, and the interests are very complicated.

After rejecting the emperor's kind persuasion, Qin Yu is now thinking about the financial reform of the empire, the financial system of the former Qing Dynasty is no longer suitable for the development of the empire, and the empire needs a new carriage to pull it.

In May 1910, the Qing court promulgated the "Currency Regulations", which determined that the new currency system would be based on the silver dollar and the unit would be yuan, claiming that the purpose of this unified currency system was to "establish a clear financial foundation".

Although the Qing court promulgated this currency reform, it did not form a unified silver dollar currency system, leaving great drawbacks.

Silver dollars vary from province to province across the country, and when they leave the province where they are minted, they depreciate significantly, and even if they are circulated within the province, they are much cheaper than foreign silver dollars such as the Eagle Ocean, or the Mexican silver dollar. In particular, some provinces indiscriminately minted silver dollars, which made the silver dollars depreciate very badly, and the copper coins were not minted, so the phenomenon of "cheap silver and expensive money" appeared, and the Qing government's plan to unify the silver dollar existed in name only.

It is not only the problem of the silver dollar, but also the problem of the money bank, and there are now thousands of money banks in the country, which are the banks of the early Chinese period.

The money houses in China are basically in the hands of those local big families or big businessmen, and those people manipulate the money houses to make profits, which are very scattered, and Yan zhòng is out of the control of the empire.

There are big and small, and the stability of the big money village is better than that of the small money village, and once the money bank goes out of business, it is the ordinary people and those small traders who are unlucky. The Manchu Qing Dynasty has not been able to manage these money banks well, and the flood of money banks today can easily lead to great disasters and endanger the economic interests of the country.

The rubber stock boom that began to brew in 1908 until 1910 broke out, due to the decline in global rubber prices, the deep involvement of financial institutions, and the lack of monitoring of the market by the Qing government and the internal party strife within the government, the Chinese people were defrauded of tens of millions of taels of silver. More than 50 money banks of all sizes have closed down in Shanghai alone, and a large number of money banks in Tianjin, Guangzhou, and other places have also closed down, bringing tremendous trauma to China's financial circles.

After the outbreak of the Wuchang Revolution, warlords in various localities wantonly cultivated their own money banks and indiscriminately minted silver and copper coins, and the currency system in China was even more chaotic.

Qin Yu decided to ban all money banks and establish a central bank and local branches to manage private assets, and the replacement of money banks by banks is an inevitable trend, and only a strong financial regulatory system can better avoid financial turmoil.

He took the information he received from the intelligence and economic services that the banks of the late Manchu dynasty and the present foreign powers were profiting from the financial markets by virtue of their privileges, and that they were the shadow of the recent financial turmoil in China.

In the previous negotiations with various countries, banks and other privileges were not involved, and they were still silently waiting for the next opportunity to come, and the current economy of the Chinese Empire was better than that of the Manchus, which meant that they could make more profits in China.

Qin Yu, Chen Fu and others had a secret negotiation when they were cooperating with the Jews, and the content of the discussion was all about the currency system and the money bank, and they were also willing to implement the gold standard currency system, abandon the silver dollar standard, and establish Huaxia Bank to replace the money bank to manage the country's currency.

They even determined that the name of the banknote to be issued in the future was Hua Yuan, and they also argued about what image should be printed on it, and they unanimously agreed to use Qin Yu's head as Hua Yuan's image, but Qin Yu vetoed it.

In the end, after discussion, it was decided that the Tiananmen Tower would be the largest denomination of the first phase of Huayuan, and the rest of the banknotes would be decided to use the country's iconic buildings and landscapes as images of other banknotes.

For example, 50 yuan is the Great Wall, 20 yuan is the scenery of the Li River in Guilin, 10 yuan is Mount Everest, and 5 yuan is Outer Mongolia

The desert scenery of Xinjiang is the portrait of the largest number of ethnic minorities, and the five corners, two corners and one corner are the iconic weapons of the navy, land and air force, warships, tanks, and airships.

The above are all banknotes, and the images of the coins are all used in Qin Yu's portrait under the strong request of a cadre, and they are tentatively set as ten yuan, five yuan, two yuan, one yuan, five jiao, two jiao, and one dime of silver and copper eighty-two bile coins.

After consulting with Chen Fu and the people from the Ministry of Economy, Qin Yu immediately ordered the Ministry of Economy to start preparations for currency reform, and due to the shortage of financial talents in the Chinese Empire, he also involved Jewish talents. In addition, he had some German and American technicians teach the art of printing US dollar and British pounds to the Ministry of Economy, and they imitated the banknote style peculiar to China.

The printing of banknotes is very complicated, and various procedures are very strict, and the anti-counterfeiting performance and artistry of banknotes must be considered.

The technicians of the Ministry of Economic Affairs of China have been studying the anti-counterfeiting marks of the European and American powers, and they want to combine the anti-counterfeiting marks of these currencies to design a logo unique to China.

Qin Yu required that the patterns, patterns, ornaments, lines and words of banknotes should be designed to be complex, but they should be able to be read and remembered by ordinary surnames, so that they could identify genuine and counterfeit banknotes at the first time, and prevent counterfeit banknotes from interfering in the country's economy.

The Huaxia Empire now has less than 500 tons of gold reserves, half of which were sold to Qin Yu by Jews, some of which Qin Yu had secretly obtained through his two major trading houses and Pan Asia and other companies, and some of which he found after taking over the Forbidden City and confiscated those rebellious landlords during the land reform.

The lack of gold reserves is also a pimple in Qin Yu's heart, he is also very afraid of being sniped by the powers of the world, Huayuan cannot lose his independence, and he must not be coerced by those countries.

On June 1, 1913, the Huaxia Empire officially announced the establishment of the Huaxia Bank half a month later, carried out monetary and financial reforms, unified management of the country's currency, and prohibited local private currency.

This announcement instantly attracted the attention of the world's great powers, who had been waiting for the Chinese Empire to carry out currency reform, because in the reform, there will definitely be an exchange rate difference between currencies, which is the so-called currency difference, and the profit of the currency difference is very terrifying, as long as it is operated properly, it can obtain huge benefits, and even can collapse a country's monetary system.

There is no doubt that the Chinese Empire is a big country, with a huge population, a huge market and huge potential, and it has also carried out a large-scale First Five-Year Plan before, so it must not be able to stop them.

The large banks of more than a dozen major powers, such as Britain, France, the United States, and Japan, all aimed at the currency market of the Chinese Empire, and after the Chinese Empire issued currency, they began to hoard and buy and sell to earn profits from the price difference. Even the German bankers wanted to make a lot of money in it, but under the intervention of Wilhelm II, they could not engage in large-scale hoarding, because once it was discovered by the Chinese Empire, Germany would have a rift with the Chinese Empire, and the consequences would be very serious.

After receiving this news, the Jewish conglomerates were also very excited on the surface, looking like they wanted to swallow up the currency market of the Chinese Empire, but secretly they were worried, because the Jews had now cooperated with the Chinese Empire, and the previous treaty had helped the Chinese Empire tide over the difficulties in the currency reform.

The depressed Jews were not discouraged, they came together to unite to help the Chinese Empire tide over the difficulties, and there were profits in it, and they could make no less money than the speculators, and even bankrupt the small banks, so that they could buy the banks and the property.

With the help of the Jews, the Chinese Empire was very confident that it would be able to tide over this difficulty, and as long as it passed, the Chinese yuan would become one of the strongest currencies in Asia, and the imperial monetary system would be established and improved.

In order to better gain the approval of the new monetary system, a number of newspapers such as Huaxia Daily continued to publicize the benefits of the new currency, and at the same time said that it was a core interest of the empire, and pleaded with the people to support the new currency.

The parties also expressed their support for the implementation of the new monetary policy of the empire, after all, it is now the world of the empire, and the unified management of the currency should be carried out, and they cannot oppose the emperor, otherwise they will die miserably.

The people of the Ministry of Economy of the Chinese Empire devoted themselves to this work, because the Empire had issued several orders in a row to emphasize the importance of this task, and this matter was attended by His Majesty the Emperor throughout the whole process, so they had to pay attention to it.

Zhang Xinyue, who has been promoted to vice minister of the Ministry of Economic Affairs, has been calculating all day long how much the first batch of Chinese dollars should be printed, and how much the exchange rate of various currencies should be stable to ensure the stability of the interests of the empire.

As the Minister of Economy, Zhang Xinyue has always asked people to call her the deputy minister instead of Concubine Yue in the unit, originally according to the habit of concubines in previous dynasties, they all stayed in the emperor's harem, but Qin Yu's concubines did not stay in the harem obediently, they all worked in their previous positions, and with the protection of the Praetorian Guard, Qin Yu also let them go to work with confidence.

Only the Queen Mother and a group of nannies take care of the two children at home, and the Queen Mother has no opinion on her daughter-in-law going to work, and even supports her very much. The Queen Mother was originally a strong woman, and she also knew that it was boring to stay at home all day, and her own things were still managed well by her own family, and none of these daughters-in-law were worse than her.

The recent actions of the Chinese Empire have attracted the attention of the whole world, and the previous founding ceremony, the First Five-Year Plan, and the border of Mongolia with troops stationed in Mongolia are now carrying out monetary and financial reforms under such a tense situation, and unconsciously the countries that appear most often in the newspapers of various countries have directly changed from Britain, France, the United States and other countries to the Chinese Empire, which shows the enthusiasm of these media for the Chinese Empire.