Chapter 1225: The establishment of the Banking Union

"Qin's national defense strategy relies heavily on Qin's economy." Shang Wen said.

"From an economic point of view, the most important issue for Qin's current state is financial reform, not national defense security." Shang Wen said.

"If you want to solve the problem of national defense and security, you must solve the financial problem." Shang Wen said at this time.

"So, we need to speed up the reform of the bank now." Shangwen distinguished the priority of the problem at this time. Although Shangwen is not interested in the Qiang issue. Because this usually means that the Qin army will carry out a **** massacre on another race.

Shangwen has always opposed this, but Qin's expansion is usually accompanied by **** things. Just as the American Westward Movement bloodbathed the Indians.

"En. The Prime Minister is right. Qin's main problem now is money. Qin relies on financial expenditures to fight. Soldiers need military expenses to mobilize. Weapons, ammunition, and logistics supplies are all needed for that matter. Money, Qin’s entire banking system is now experiencing problems. The Prime Minister needs to resolve this issue quickly to ensure the integrity of Daqin’s territory.” King Qin said at this time.

Obviously, when King Qin said this, he had clearly endorsed Shang Wen's views. Before the reform of Shangwen, what Qin needed to solve was only the issue of rations. Regarding the issue of money, they didn't think much about it. Because the commodity economy was not very developed at that time. Most of the issues considered in war are food, because food is the biggest problem in wars.

But now, with the rapid rise of commodity economy and market economy, many changes have taken place in Qin’s war mode. Food has fallen from the main material of the war to a secondary position, and money is at the center of market economic activities. Therefore, This position was immediately placed in front of the people of Qin.

It can be said that in the war now, Qin is fighting for money, not for traditional wars. Therefore, economic issues are closely related to Qin's war issues. Now if Qin wants to fight, he has to consider his own economic costs. Qin had to calculate the cost to fight the war.

Qin’s emergency meeting reached a consensus on how to solve the Qiang issue. On the final issue, it was to solve Qin’s internal economic problems, especially financial issues. In the bank, Qin should speed up. Only by stepping up financial reforms can Qin regain strength.

Just when Qin Guo focused his attention on financial reforms. Qin's banking industry is undergoing a major reshuffle. The main victims of this reshuffle are small and medium-sized banks, investment and trust companies that have lost their main competitiveness. These have become the objects of competition for Qin's large banks. At the same time, these financial institutions are seeking self-help.

"We are now a common alliance." A banker reached a cooperation agreement with another bank with a newly signed agreement, and they relied on this agreement to form an offensive and defensive alliance.

"A common alliance." Another young banker said, shaking hands with the banker at this time.

"We will cooperate happily," said the bankers together. Immediately they shook hands and exchanged the agreement for the son. After Qin's small and medium-sized banks learned about the establishment of the Banking Union, they began to actively carry out all diplomatic joint operations. They will form a new small alliance and squeeze into the UnionPay Union seat unit.

And on the other side. Some of Qin's large banks are completing their amazing mergers. Their business expansion speed far exceeds the number of bank failures caused by the previous financial crisis in Qin State.

"In the past half month, Qin has disappeared more than 1,000 financial institutions, large and small. The number of financial institutions registered by Qin before is more than 5,000, and the number of financial institutions that have disappeared is more than 1,000. The number of homes that Qin State suffered from a shortage of funds and closed down more than before."

"But the good news is that these more than 1,000 financial institutions have disappeared. Most of them have been merged. That is to say, the business of these banks still exists, the salary of our country’s workers still exists, their deposits are still there, and our The country will not face a larger country," the newspaper said.

"In addition, more than a thousand financial institutions have disappeared, and some alliances between banks have been added, and they have formed a brand-new institution. The business will greatly exceed the previous ones, and at the same time, they will be more stable. Qin’s financial system is being restored Set it up."

"And some of Qin's large banks, the No. 1 royal bank, have merged the business of more than 500 financial institutions among them within half a month, but most of them are domestic. And Qin's other A large bank, previously ranked No. 1 Wenyang Bank, has only more than 20 merged banks, and its banking business has shrunk a lot. Especially its foreign business.” said Qin Guo's "Express" financial sector.

And when the large banks of Qin State wantonly merged the business of Qin State Bank and the small and medium banks reorganized to form an alliance. Qin State's banking alliance was finally established.

"Our banking union was finally established after a long period of negotiation." Shang Wen barely stood on the temporary meeting stage of the banking union and said at this time.

"The establishment of the Banking Union is to prevent large-scale chaos in the financial system of Qin State within a certain period of time. Everyone has clearly experienced the financial chaos of Qin State. This chaos is very bad for us Things," Shang Wen said.

"So, we need to establish a global financial institution that can manage the overall situation." Shang Wen said at this time.

"Originally, this institution was controlled by the government. But our market is free, and a free and free competitive market can maintain our vitality and make our financial market prosper." Shang Wen said, waving his arm.

"Qin's financial system plays a very important role in the entire market environment. Therefore, we need their stability to provide Qin with continuous financial support." Shang Wen said.

"Stability is too important to us. For the freedom of the market and Qin State's continuous financial support. The Banking Union was established here." Shang Wen said with a smile.

"Papa." Shang Wen said here, Qin's bankers applauded one after another. For them, attending such a meeting is nothing. They know that the next thing is the most important.

"When will we get the funds injected? This is the most important thing." The bankers in the audience are not concerned about Shang Wen. What they care about is that they will get unprecedented capital injection and then re-operate, such a huge banking system. They are part of this banking system. What they need now is to re-inject a considerable amount of funds to complete their business.

In the afternoon when the banking union was established. Qin's banknote printing factory began to transfer frantically. Qin's banknote printing machine has never printed so many banknotes on such a large scale.

And these printed banknotes were delivered to Qin's major banks that afternoon. At the same time, the Qin government withdrew an astonishing number of bonds previously issued. This means that the number of Qin's bonds is rapidly decreasing. Not only that.

By joining the banking alliance, the government bought some shares and some bonds of the banking enterprises in the important banking alliance of the State of Qin. Although the number is only a small part, it means that the Qin government is participating in business operations through this means. This shows that the functions of the government are entering the market.

Although the number of corporate shares and bonds that received income on the day is very limited, in the face of extreme shortages of funds, and banks that need to rapidly expand funds, such an approach is indeed beneficial to them, and they will expand their business in this way. Because they know very well that they can expand their business with capital, and at the same time, the business will enlarge their capital infinitely. After gathering a large amount of funds, they can sell their stocks and bonds back.

The government will not hold these things for a long time. Because the government needs to spend a lot of places. Moreover, they all heard about it. Qin's current situation is not very good. In particular, the Qiang people in the southwestern direction are detrimental to the borders of the Qin State, which usually means that the Qin Congress is taking military action against them. Taking military action means that the government has to spend money to fight wars.

To spend money on war, you need capital. The government lacks effective financial support. What they need is capital. More capital. The government can remain rational and will not issue more banknotes. They will only be able to do so by issuing bonds. Continue to fight, if too many banknotes are issued, everyone knows what will happen. Moreover, the government used more paper money to rob the extra wealth, which has become a tacit thing for bankers.

On the day Qin's banknotes were injected into the market, Qin's stock market renewed its vitality that day, and Qin's stock market rose by more than 100 points that day. Many stocks have gone up crazy. Qin's stock market has already started to rise before, but the magnitude is far from that great.

Qin Guo's stock market once again exploded with the vitality she deserves.

"The short-selling boy Li Wen will lose at least one million gold in his assets. He has made tens of millions in short-selling the market before. This short-selling boy will throw the money he earned into the entire stock market." "Express" the financial sector wrote this.

"Hey, look at these stupid reporters. I'm doing long. In fact, I've been long in the market a few days earlier. I have stopped buying stocks. I bought the lowest price. These silly reporters." Li Wen looked at The newspaper said with a smile.

He bought a lot of high-quality stocks. The price is unprecedentedly low.