Chapter 1210: Financial industry reform

Although the Prince Dan of the Kingdom of Yan has an industry of his own, this industry is compared with the huge expenditure of war expenses. The daily income is not enough for the army's expenses for a day.

Less in, more out. With this in mind, the Prince Edward had to stop the current war, and increasingly tested the ability of logistical supplies, not just food, but also the consumption of weapons and ammunition, as well as other supplies. These are expensive.

Even a country with a strong national power like Qin cannot engage in continuous warfare, let alone a commercial organization rather than a country.

Money can start or end wars. Everything is revolving around the economy. And Qin's economy is undoubtedly the center of all countries' economies. Because Qin's half-two banknotes involve more and more countries and regions.

"This month's State of the Union address, I will be introduced." Shang Wen turned his wheelchair onto the stage and said with a microphone.

"Yeah yeah." Some people who listened to Shangwen's speech below cheered loudly.

At the end of last month, Meng Yi did the State of the Union address. After all, Meng Yi still lacks the experience of some politicians. Therefore, there is still something lacking in this regard, and the public does not buy into his policies. Even some newspapers shirked Qin's current situation to Meng Yi, believing that Meng Yi bears the main responsibility, and should voluntarily yield to the position of deputy prime minister.

"I think everyone has heard Prime Minister Meng Yi's report, so how about listening to me?" Shang Wen said humorously at this time.

"However, the first thing I want to point out is. My position is restored." Shang Wen first pointed out why he was able to do the State of the Union address because his prime minister position was restored. However, Shangwen's prime minister's recovery was somewhat tortuous, because Shangwen's plan needed to be modified too many places, and many places needed to be adjusted in light of actual conditions. Especially the banking alliance, this incident caused Shangwen to collapse for a long time.

However, in the end he solved the problem, and solved it very simply. The government can completely ignore the establishment of a banking alliance. That is to deal with this matter in an indifferent attitude.

Shangwen finally adopted a passive approach in handling this matter. He pushed the entire establishment of the banking union to all the banks. Let these banks form a bank union representative meeting and committee, and then discuss the establishment of a bank union.

As for the details, the government only needs to know the final result and some details of the handling. What the government wants is a result, not the complicated contradictions and grievances between banks. These are not things that the government cares about. What the government needs is a stable financial environment. The bank is obliged to take care of this matter.

This is how Shangwen handled this matter. As for the result, Shangwen only needs to know.

"I think things in Qin State are very chaotic recently. Some of our factories have closed down. Some banks have also closed down. Workers in these banks have no deposits. Some of our workers are very anxious." Shang Wen said with concern at this time. .

"I am very sorry for this happening." Shang Wen said apologetically at this time.

"But, sorry that doesn't work, we have to recover the loss of our workers." Shangwen said at this time.

"Everyone knows that good credit is very important to us." Shang Wen said.

"Everyone present, many people maintain good credit. We Qin people are like this, the government is like this, and so is the country.” Shang Wen said.

"If our government has no credibility, it will not issue more bonds. Of course, we can not pay the debts, but in that case, I will be ousted immediately. Even angry people will tear them to pieces. "Shang Wen said at this time.

"Ha ha ha." Everyone laughed.

"Good credit is the basis for the existence of our country. Qin State hates people who don't have credit. Those who take credit as a trifling matter are destined not to be accepted by all of us." Shang Wen emphasized the importance of credit.

"Now, we need to restore such credit." Shang Wen said.

"Qin's crisis appeared in the banking system lacking enough banknotes, of course. Everyone knows about Qin's development. However, the government-issued banknotes are very limited. Especially the establishment of Qin's offshore investment bank, which made Qin National banknotes gradually entered a state of short supply, and as a result, something like this happened." Shangwen explained this problem to the people at this time.

But the people may not be able to understand it. In their opinion, Shangwen's explanation is superfluous, because no one knows how important paper money will play in this.

"Everyone lacks paper money, they need paper money to pay for raw materials, paper money is needed to pay workers' wages, paper money is needed to pay for food, and there are a lot of things to pay. However, Qin lacks enough paper money. Now, the problem is discovered. Then. We can solve it." Shang Wen said at this time.

"In the next period of time, it is very likely that the time will be a little longer, but what I want to say is that there will be vigorous reforms in the financial sector. Only in this way can we avoid what happened today. As for the future, no one of us knows." Shang Wen Said at this time.

But the people at this time are very confused about Shangwen's speech. They don't understand what Shangwen is saying? However, the reporters of the newspaper believed what these remarks meant. They believed that Qin’s financial industry would undergo tremendous changes. As for how big it was, as the Prime Minister said, no one knew.

"Our newspaper believes that Qin’s financial industry is about to undergo a major reform. In this crisis, everyone has admitted that the crisis first came from the financial industry, the stocks plummeted, followed by frequent bank closures, and then some The closure of small and medium-sized enterprises. The futures market is extremely active. Speculation and investment are mixed together. Some people get rich overnight. Some people become impoverished overnight. This kind of thing has happened a lot in Qin, and it is not very new. Up."

"Why is this happening? We are worth thinking about. The prime minister may have thought of this, and he is determined to start reforms in the financial industry first. As for the purpose of the reform, I am afraid that it is to establish a perfect financial order in Qin. Financial industry experience A chaos that is more destructive than war. The prime minister will re-establish Qin’s new financial order after this chaos."

"However, what is worth mentioning here is that Qin Guo must beware of a person called Li Wen. Hearing the words of an insider who did not want to reveal his name, this person named Li Wen suffered a sharp decline in stocks. At that time, the stock market was vigorously shorted, and the amount was huge. It can be said that to a large extent, it was caused by this person shorting the market. And no one knows how much money this person is currently making. But conservative estimates are about 10 million gold .Because the entire market is emptying too much." Qin State’s financial newspaper said.

Just when Shangwen announced the financial reforms. Qin's banking circles are closing their doors for a fierce quarrel, and they are dividing their spheres of influence here.

"Although our bank has been hit hard in this crisis, we have an advantage over Wenyang Bank in terms of trust business. The number of companies handling trust business far exceeds that of Wenyang Bank. This is enough for us. Let us enter the committee's quota." At this time, a middle-aged man with good looks raised his hands and said loudly.

This is the Qin State Bank Congress, but the first to be elected at the conference is the committee, and the number of committees is very limited. This committee has only nine seats, that is to say, the committee has nine seats for elections in the banking industry. However, there are many banks, especially some banks with similar strengths, which makes it difficult to compete for seats.

However, there are some banks that do not need to compete, such as the Royal Bank. When announcing the establishment of the Banking Union Committee, the Royal Bank already occupied a seat. This seat must be a Royal Bank, because everyone knows the strength of the Royal Bank, especially during this crisis, only the Royal Bank performed. Is very strong. At the same time, the royal bank is noble. Therefore, it is natural to occupy a seat.

"Of the nine, only seven are for us." said a banker.

“One is the Royal Bank, and the other is Wenyang Bank. Don’t look at Wenyang Bank’s huge losses this time. However, their strength is still there, especially in foreign investment and related technical fields. Wenyang Bank has absolute The advantage of sex, even the royal bank, cannot be surpassed. You know, their courage is very big, and there are businesses under Wenyang Bank. With these, they are enough to enter the second seat, even though they now occupy the first seat. Two seats, but, I believe, it will not be long before he will surpass the Royal Bank." Another banker said at this time.

"So, for the other seven seats, shall we stop fighting?" At this time, the banker asked.

"No," the banker replied.

"We can't fight. So, we just don't fight." At this time, another banker said.

"In doing so, we won't have any benefits at all, so we don't fight at all." Another banker looked boredly at the bankers who were vying for seats.

"I have an idea. We might as well join together to form some small banking groups. In this way, we can fight for a seat. With this seat, we can do more long-term in the future trend." At this time, a The banker suggested.