...

"Marty, Fan Gong, Fan Gong, Shui Hong, the head of the Shui family, and business leaders from the Central Plains counties all came to Xianyang, wanting to visit you!"

In a busy life, seven or eight days have passed in the Shangsi Festival, and there are only the last two days left before the commodity exhibition. On that day, Chen Xu went down to the court and returned to the Qinghe Marquis' Mansion to rest. Fan Caiying suddenly came back in a carriage and spread the news.

"Oh, I thought they would not come until the end of the month, so I would not need to visit the Marquis' Mansion. You ask them to go to the Qinghe Hotel at the hour of You, and I will hold a banquet to entertain them!" Chen Xu thought for a moment and ordered.

"Yes, Marquis!" Fan Caiying nodded quickly and agreed.

"By the way, you can check out this plan first..."

Chen Xu opened his bag and took out a stack of neatly bound hemp pulp paper from it. The cover reads the title of "Planning for issuing national debt for transportation construction of sea and land freight hubs".

"Is the Marquis ready to issue national debt?" Only by looking at the title, Fan Caiying couldn't help but ask in surprise.

"Well, you can first see if this plan of this Hou is feasible. The issuance of government bonds this time will be very large..."

While Chen Xu was speaking, Fan Caiying took the plan and sat next to him and started looking around, but only looked at two pages. When he saw the number of 4 billion, he couldn't help but exclaim, covering his mouth with his hands and looking at Chen Xu with a pale face.

"Mr....you...you actually plan to issue 4 billion national debts?"

"Yeah!" Chen Xu nodded slightly with a calm expression, "Only such a large financing can fully support my huge transportation network plan. However, although the number is huge, it is not issued at once, but will adopt three phases. The exchange time ranges from three to ten years. You have a good understanding of finance and have always controlled the Huaxia Money Bank, and clearly understand the amount of funds stored in the Huaxia Money Bank and the total amount of funds circulating on the market, and judge whether the current state of financing will be successful... You can finish reading it first!"

"Yes, Marquis!" Fan Caiying calmed down and continued to look through the planning book. The room was extremely quiet, and he could only hear the sound of turning pages.

Fan Caiying looked very slowly and carefully. Many times she had to think carefully in her mind when facing the numbers. It took her twenty minutes to read all the plans that were only ten pages. Finally, she had an indescribable expression on her mature and charming face, and her beautiful eyes fell on the cover and began to daze.

"How, can it be implemented?" Chen Xu asked with a smile.

"The Marquis' planning is very meticulous, and there are detailed plans for the use of funds for each period. Judging from the amount of deposits and the calculated currency weight of the entire Daqin private sector controlled by the Huaxia Money Bank, these three periods of treasury bonds can still be digested, but in this way, it will also swallow a large amount of circulating funds, causing the development of other industries to stagnate. I think that the whole plan cannot be implemented with treasury bonds. The best way is to issue some additional redemption... "

"Additional issuance of additional tickets..." Chen Xu frowned in an instant.

The issuance of additional redemption is actually to increase the total amount of currency circulating on the market. However, redemption is not a hard currency such as copper coins and gold and silver that preserve value, but paper money like later generations. In fact, it is worthless at all. When the total value of commodities in the market does not change, the more paper money is issued, the higher the price will be, which will soon promote inflation and trigger a national credit crisis.

Chen Xu had thought about issuing additional redemptions, but the risk was too great after all. The Chinese Money Bank is not large enough to support billions of redemption acceptances, and the court was even more unable to support this huge funding gap. Once the Chinese Money Bank broke down, the country was unable to accept it in the end. The seemingly prosperous Qin economy would collapse instantly, and countless data rich people holding large handfuls of redemptions would instantly become unknown paupers.

The prosperity and stability of the Qin Dynasty is hard-won, and the people's hearts are becoming increasingly gathering.

He would rather give up this project that could transform the Qin Dynasty than rashly use a large number of additional redemption tickets to force it.

After all, this project can be taken slowly, decomposing this huge project into dozens or hundreds of projects, and the same progress will be carried out at most, and it will take longer to complete it, but it will not affect the normal development of the country.

"No, this is too risky!" Chen Xu thought about it and shook his head and rejected Fan Caiying's proposal.

"Mr. Marquis, please listen to me!" Fan Caiying did not give up his thoughts.

"Then tell me, I will not recommend Your Majesty to issue additional tickets unless it is absolutely necessary!" Chen Xu shook his head slightly and spoke.

"Mr. Marquis, the total amount of deposits in the Huaxia Money House is about 1.3 billion, most of which are the scale effect brought by the additional redemption of the Dongfang Road Project. In addition, the Shaofu Monkey Office has continuously minted coins into circulation, so a large number of redemptions were issued by private deposits. These redemptions are about 500 million, and the money house is enough to accept and has nearly half the surplus. The current situation is that the coins minted by Shaofu are still being sent to money shops everywhere, but the market demand for money is not enthusiastic. In addition to ordinary civilians, all wealthy merchants and princes and ministers prefer to carry easily. The daily active deposit and loan funds are only about 300 million, so there is actually a lot of room for operation in the issuance of redemption..."

"You said a few days ago that Brother Yu was about to return from Yingzhou and would bring back tens of millions of silver. This batch of silver will be handed over to Shaofu to mint it into one yuan silver coins, with a face value of one hundred yuan. But I thought there was no need to issue more physical currency with a face value. This batch of silver can be deposited directly into the Huaxia Money House, and then use this batch of silver and part of the deposits of the bank as collateral to ask the Central Bank to issue a permit of 500 million yuan in cash to the Huaxia Money House. This not only solves the shortage of the market, but also solves part of the funds for the Marquis' huge project..."

"The Marquis of the First Treasury Bonds plans to issue one billion yuan. This size is too large. If the private subscribes all, a large amount of funds will flow to the Marquis of the Marquis' project. Other industries will inevitably be affected. Moreover, the yield of the treasury bonds is good. Those who subscribe until they have no choice but to sell or mortgage them. The acceptance time is at least three years, which will seriously drag down the development of other industries during this period..."

"Mr. Marquis, using the money house's idle deposits as collateral to issue additional invoices will definitely not cause financial chaos, it will only increase the speed of currency circulation, and turn the dead money stored in the money house into living money. In this way, increasing the loan will also make the money house more income to make up for the interest payment pressure brought by a large amount of deposits. You don't know that people are now more and more money in their hands, and everyone likes to save to get interest..."

After Fan Caiying said that, a bitter smile appeared on her face.

Chen Xu couldn't help but take a few strokes and smiled helplessly. How could the Chinese people have such a problem of saving money have occurred so early? When can they be changed?

Frugality is indeed a good thing, but what is it for making money without spending it.

Save it, and when it goes bankrupt, it will be gone.

However, saving money is also the biggest use of money shops. People do not save money and have no money to lend money, so there is no basis for profit. However, saving money will also cause a large amount of funds to be wasted. The result is that although Shaofu continues to manufacture coins, it will return to the money shop warehouse after a short period of circulation. The result is that there is still insufficient money on the market. If you want to make this money alive, you must speed up project investment and release the loans of these money.

Chen Xu kept whipping his chin and repeatedly considered the consequences and feasibility of Fan Caiying's additional issuance of redemption tickets.

In fact, in Chen Xu's opinion, the principle of issuing additional redemptions is actually the same as the principle of printing more money by the central bank in later generations. However, the only difference is that the redemption is strictly calculated not currency, but is just equivalent to later checks. It is something that can be abolished. Whether it is worth it or not is determined by the money bank. It is not just a matter of the size of purchasing power. The main body of the redemption is a commercial money bank, and the main body of the bank is a central money bank. The two are not at the same level at all.

The hard currency that supports the circulation of the money is the gold, silver and copper coins of commercial money. Even if the Qin Dynasty collapsed, these money is still valuable. As long as the business money house has sufficient acceptance ability, it can actually issue a large number of money. These super-issued money almost become the money of the business money house and have no relationship with the court. As long as the people do not suddenly flock to the money house to exchange physical currency, these money is money, which is not different from gold, silver and copper coins.

Judging from the current development prospects of Daqin, although risks exist.

But in just two or three years, this risk will be completely resolved, and the Huaxia Money Bank will make more than 500 million yuan out of thin air.

"This matter is indeed possible!" After a while of silence, Chen Xu had to admit that Fan Caiying's bold money-making plan was still very reliable.

"You are too brave. Now the officials of the court don't understand this operation method. If you know the risks and the means of getting national wealth like a money house, you will definitely not allow this!" Chen Xu shook his head with a wry smile.

"Mr. Marquis~" Fan Caiying stood up and walked to Chen Xu, hugged Chen Xu's neck and sat on his lap. Her beautiful face was red and red, and said in a coquettish tone: "Mr. Marquis, the Huaxia Money House was founded by you. Everything I do is to make money for you. If we don't make this money, the court will not spend more money out of thin air. However, our money house bears some risks and gets the 500 million redemption loan, which can greatly alleviate the expenses of the court. At least it will pay a lot of large interest on issuing treasury bonds and treasury bonds. Three years later, according to your interest rate of 5% of the treasury rate, it will be enough to pay 15,000 million interest. At present, the annual tax revenue of the Finance Department is only 1 billion. I think the court may not be able to bear the pressure of repayment at that time, maybe..."

"Maybe something?" Chen Xu couldn't help asking.

"Maybe the emperor will be liable!" A trace of worry appeared on Fan Caiying's charming face.

"No way!" Chen Xu was stunned for a moment.

"With the marquis there, I don't think so, but as long as the court has a little bit of such news, it will inevitably cause civil unrest. The Chinese money house that bears the issuance of this batch of treasury bonds will inevitably bear huge pressure of bankruptcy and may go bankrupt..."

"Well, what you said is indeed a bit reasonable. For the sake of the credit of the money house and the court, there is no sign of this kind of thing. It seems that you should think more carefully. This time, let's do what you said. Call Yang Kun tomorrow. Let the three of us plan together to see how this huge project should raise enough funds to promote it as soon as possible!" Chen Xu finally understood why Fan Caiying changed his plan and emphasized the issuance of additional redemptions.

Chen Xu was also surprised after thinking it through. From this point, we can also see that Fan Caiying has indeed begun to have very unique insights and understanding of the financial industry, and has rich experience and strategies to deal with financial risks. In recent years, she has controlled the Huaxia Money Bank and discussed and learned from Chen Xu. Now she can finally meet alone, and even has a more and more comprehensive vision than Chen Xu. She has truly become the leader of the Daqin financial industry.

"Mr. Marquis, I haven't been favored by Marquis for a long time!" Hearing his suggestion and praised by Chen Xu, Fan Caiying was happy and began to act coquettishly and ask for good luck.

Chen Xu turned a pair of slightly blue-black pandas and looked out the window, hugging Fan Caiying in his arms and said with apology, "The crackdown on pornography and illegal activities has been very strict recently. Old customers said we should be patient for a while."

"Mr. Marquis, how long will I endure it?" Fan Caiying asked with red eyes.

"I think... it will take about ten thousand years..." Chen Xu let out a long sigh, and then helped Fan Caiying tidy up his clothes. "Also, remember to wear clothes in the future and do not expose his neck. The editor has warned that it is illegal to expose the parts below the neck of a woman. My Qin law is like a mountain. This marquis advocates etiquette and law to rule the country. We must not let my Qinghe Hou Mansion know that the law is violated. Moreover, there are countless treacherous and slanderous people in the court and the country. Although this marquis has a high position and a powerful person, he will not be fully protected. Once he is targeted by the censor, the minor ones will be moved and severe ones will be killed..."

"Marquis~" Fan Caiying cried and nodded, "I will follow the instructions of the marquis. I will wear it tightly in the future and will never let you suffer the shame of breaking the law. Even if it is 100,000 or 100,000 years, I will be favored by the marquis who are waiting for. I believe that I can always keep the clouds clear and the sunrise..."
Chapter completed!