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Chapter 515 Currency
Lin Rui intends to use the gold as Tianxia's currency issuance reserves to establish the Tianxia Central Bank.

Of course, he didn't do good deeds either, he gave Tianxia more than 1500 tons of gold for no reason.

The gold is counted as his investment funds in Tianxia Central Bank.

Tianxia Central Bank, as the issuer and manager of Tianxia's currency, is equivalent to the Federal Reserve and the domestic central bank, so its importance goes without saying.

To control the central bank of Tianxia, ​​to some extent, is to control the economy of Tianxia.

1518 tons of gold, as the currency issuance reserve of the Tianxia Central Bank, is also the stock fund for his investment in the Tianxia Central Bank.

Accounting for 64% of the shares of the upcoming Tianxia Central Bank, Tianxia controls the remaining 36%, which not only holds the controlling stake, but also leaves a certain degree of autonomy for Tianxia.

For the 64% stake in Tianxia Central Bank, in order not to be so conspicuous, Lin Rui adopted a method of diversifying his holdings.

One part is held by Xingkong Technology Group, and the other part is held by dozens of family trust funds registered by Lin Rui around the world.

Of course, family trust funds hold more than just these shares. The assets of more than US$2 trillion managed by Lin Rui through Xiaoxing are actually registered under the names of these family trusts.

These companies under his banner are actually separate from each other and do not interfere.

The only connection is that Lin Rui will take part of the investment income every year as his own pocket money, or inject it into his companies to promote their development.

……

On the face of it, spending 1000 billion US dollars to invest in the central bank of a small country with no sense of existence is too much of a loss.

For Lin Rui, it was different. It was okay to suffer a small loss. Directly controlling the Tianxia Central Bank represented more important meaning.

As the Tianxia central bank began preparations, the currency issuance work also entered a substantive stage.

Another question was placed in front of Lin Rui again, about the name and value of the currency.

What is the currency called?Should the value of the currency be large or small?

Learning Won, Yen, Renminbi or Dollars?

In the end, Lin Rui made a decision. Since it is the currency issued by Tianxia, ​​it will be called "Xiayuan."

In terms of currency value, after referring to various countries in the world, Lin Rui decided to set a higher value.

Tianxia is just a small country with a small population, basically all of them are high-income groups; there is no need to set the value of currency too low for the convenience of transactions for the low-income people at the bottom like some big countries.

Moreover, some countries with relatively high currency values ​​in the world are basically developed countries. This impression that everyone has formed for a long time can also be borrowed by Xia Yuan.

In a way, it will increase everyone's recognition of Xia Yuan.

After careful consideration and with reference to the opinions of think tanks and Tianxia, ​​Lin Rui finally made a decision to anchor the RMB at the initial stage of issuance, with a ratio of 1:10.

1夏元相当于10元人民币；2.12澳元；1.96加元；1.57美元；1.38欧元；1.25英镑。

In terms of currency value, it is quite high.

……

The central bank of Tianxia decided to issue 800 billion Xia yuan in the first phase, as the legal currency of Tianxia, ​​and try to circulate it in Tianxia territory for a period of time.

Taking this opportunity, we can also improve Tianxia's laws and regulations in this area, learn from the excellent experience of countries around the world, and create a set of Tianxia's proprietary financial and currency systems.

Prepare for the financial center of the future.

Lin Rui subscribed for 800 billion of the 580 billion summer yuan issued in the first phase.Next, he has a series of actions in Tianxia, ​​involving a huge amount of investment.

Whether it is to support Tianxia's currency issuance, or to exchange a batch of Xia Yuan for the next action, it should be.

At the very least, starting from next month, the employees of Xingkong Technology in Tianxia will receive Xia Yuan as their wages.

Lin Rui's next expenditures in Tianxia will also be paid in Xia Yuan to support the promotion and use of Xia Yuan.

The Tianxia Central Bank subscribed for the remaining 220 billion Xia Yuan. Although the money was issued by him, it did not belong to the Tianxia Central Bank. If you want to have liquid currency in your hand, you also need to subscribe for the newly issued Xia Yuan.

The difference is that Tianxia's central bank has no foreign currency reserves in its hands, only gold, and the 220 billion Xiayuan subscribed has been directly added to Tianxia Bank's balance sheet.

As a central bank, it is necessary to print a batch of paper currency.

……

The Tianxia government also wants to exchange a sum of Xia yuan. As a government, even though it is poor, it cannot use other countries' currencies to pay civil servants or carry out any projects.

It is also necessary to exchange a sum of national currency to let Xia yuan flow faster.

However, it is recognized that the Tianxia government has no money in hand, not even the funds to exchange these currencies, so how to exchange them.

Besides, the 800 billion Xia yuan has already been covered by Lin Rui and Tianxia's central bank, and there is no way to exchange it.

If it was before, Tianxia naturally didn't have many ways to do it. Now that he has his own legal currency, there are suddenly more ways to raise funds.

For example, learn from the United States, issue national debt, and increase leverage.

Subsequently, Tianxia issued 150 billion Xia yuan of national bonds, and the annual return rate was not bad.

Apart from Lin Rui, naturally there were no other subscribers.

After subscribing for the 150 billion Xia Yuan treasury bonds, Lin Rui had an extra 150 billion Xia Yuan treasury bonds with good returns.

In the hands of the Tianxia government, there is an extra 150 billion Xia Yuan in working capital.

It's what you need.

……

If you want to become a financial center, you need to have a huge financial trading market, attracting countless capitals to trade here.

At present, there are mainly three types of financial trading markets in the world,

The first is the money market, which is composed of the interbank lending market, the repurchase market, and the bill market. It is also an important platform for financial institutions to manage liquidity and for the central bank to operate in the open market.

The second is the capital market: it mainly consists of the bond market and the stock market, and the stock markets of all countries belong to this type.

The third is other markets, including foreign exchange market, gold market, futures market, insurance market, etc.!

……

These three markets have little advantage in other aspects. Only in the stock market, as long as they get the support of Lin Rui, they are absolutely unique.

As we all know, among the more than 30 subsidiaries of Xingkong Technology, which one is not the top unicorn in the world, any one listed will be incomparably attractive to financial and investment institutions.

If Lin Rui supports some of the subsidiaries and goes public in Tianxia, ​​how much capital and financial institutions will be attracted to attract them to Tianxia.

In addition, there are Weiyang Technology Investment Fund and Xingkong Technology Investment Fund, which invest in and hold shares in some unicorn companies, and guide them to go public in Tianxia, ​​which can also attract the attention of capital.

In particular, the subsidiaries of Xingkong Technology Group, many of which are now valued at several trillion yuan.

Even if there are only a dozen companies listed here, such high-quality companies can instantly create a stock market with a market value of tens of trillions of RMB.

Even in the world, it can be ranked among the top ten.

As long as it is properly managed, it will expand to the gold, currency, foreign exchange, and bond markets. Within a few years, it will become a financial center with considerable influence.

(End of this chapter)