Dominate the Country

The sky was overcast, and the wind blowing from the sea swept the entire Shanghai from east to west with thick water vapor.

All the ships on the Huangpu River have hung up their signal lights, and the sound of bells can be heard from time to time on the steam-filled river.

Pedestrians on the city roads were all in a hurry, and no one noticed an ordinary-looking black four-wheeled carriage running over the wet concrete pavement and stopping in front of the main gate of the Commercial Bank headquarters.

There were no signs on the carriage, but the passengers were no ordinary people.

There were two people sitting in the carriage, one was Shi Wenxuan and the other was Chen Bing. The former is the younger brother of the current Concubine Shi, and the latter is a descendant of the Chen family. Neither of them is a 'big shot' in the cabinet government. The former has gone to America, and the latter has not even entered the Council of Ministers, but is in the Federation of Industry and Commerce.

But as soon as the carriage they were riding in stopped, they were immediately greeted respectfully by the staff of the Commercial Bank. The two of them had just come out of the stock exchange and immediately came to visit the Commercial Bank.

Nowadays, a new person has replaced the president of Commercial Bank. Some people may not believe it, but the person who is currently the president of Commercial Bank is a descendant of the Su family of Marquis Sulu. This family, which had seemed very ordinary since joining Chen Han, had already crossed the threshold of Chen Han's wealthy family because of the ambition of its descendants. Although Su Luhou is not as good as the founding ministers, who can conquer countries and tear up the country overseas, the Su family's humble beginnings have made it a milestone in their current situation.

You know, the Su family originally planned to cease operations in fifty years. Su Yunsun [Abubekar] did not expect that one of his descendants would have such a talented person. He has excelled in studies since he was a child. During the college entrance examination, he easily approached the financial management major. Now he is just forty and has taken a job in a commercial bank. The top leader.

Although due to different definitions, the Commercial Bank's political status is slightly lower than that of China Bank, China Construction Bank, Postal Savings Bank, and Bank of Communications, it is absolutely powerful commercially.

He has already taken this position at the age of forty. If he does not work hard for the Ministry of Finance and is only prepared to work in banking and finance, then one of the big bosses of the China Banking Regulatory Commission will have to be reserved for him.

What is the reason why Shi Wenxuan and Chen Bing came to visit Su Meng this time? Of course it's money.

After the American War was over, the Chen-Han Central Committee still had financial resources, but the vassals in the Americas did not. They must issue bonds to raise funds to cover high fiscal deficits.

Anyway, if Chen Han can win this war, they will all make a lot of money on the day the armistice agreement is signed.

Shi Wenxuan only represents Kang State, but Chen Bing represents the Jiuzhou Chamber of Commerce.

When various vassal states issue bonds in local banks, they all need "capital" to back them. With the development of the times, securities and stocks have appeared in Chen Han for more than 30 years. All the rules and regulations have also been put in place, and it is no longer the original model. Before bonds/stocks are issued on the market, the issuer signs an agency issuance contract with the securities issuance agent to determine the method of stock issuance and clarify the responsibilities of all aspects. The agency issuance methods of securities vary according to the risks borne by the issuance, and are generally divided into two types: underwriting issuance and agency issuance.

Underwriting issuance means that the 'securities dealer' who acts as an agent for securities issuance acquires all or part of the newly issued securities of a listed company at one time and advances all capital equivalent to the securities issuance price. To meet the urgent need for large amounts of funds from bond issuers. If the number of securities issued is too large and it is difficult for one securities company to underwrite it, several securities companies can jointly underwrite it.

Agency issuance means that the listed company issues the securities itself, and only entrusts a securities company to promote the securities on its behalf. The securities company sells securities on behalf of the issuer and only charges a certain agency fee from the issuer. Although this method can obtain more funds, the entire remuneration time may be very long.

Both methods have advantages and disadvantages, but the American vassals represented by Kangguo all chose the first method. They need money urgently and they want to get enough money as soon as possible.

Since the time has entered summer, the treasuries of various North American vassals have generally been empty. Shi Wenxuan spent the Spring Festival in Nanjing today and has been raising money for his nephew for more than half a year.

Prior to this, Kang Guo had borrowed 20 million Chinese dollars from the Bank of China with customs tax and salt tax as collateral, with an annual interest of 3% and a term of 10 years; the bonds were sold at a 95% discount, and 90% was paid in full, with a deduction of 5% The commission is actually 18 million yuan.

But this amount of money is not enough for Kang Guo.

Shi Wenxuan then used the operating rights of the Port of Miami as collateral to borrow another 50 million from China Construction Bank and Bank of Communications, with the same conditions as the previous loan. This money has supported King Kang Chen Ke until now, and then Kang Guo ran out of money again.

Shi Wenxuan didn't know how long this war would last, but what he did know was that if this war ended, if sufficient war compensation was not paid, a large number of vassal states, represented by Kang Guo, would be "bankrupt."

As mentioned in the previous article, there are advantages to establishing a country early, but there are also disadvantages to establishing a country early. Now the badness of this disadvantage is clearly revealed.

Shi Wenxuan had previously contacted the Kyushu Chamber of Commerce, and Kang Guo was prepared to use one million acres of fertile land as collateral to raise 200 million domestically, with the same conditions as before. The Jiuzhou Chamber of Commerce took over the business, so the stock exchange naturally had no problems, so why did they both come to the Commercial Bank?

This is Shi Wenxuan's idea of ​​relying on Kangguo's "reputation" to issue a public debt in the bank! Public debt is different from bonds. The former must go through state-owned banks.

The Commercial Bank is the most "money-smelling" bank among many state-owned banks. The two of them naturally went to the Commercial Bank first.

Chen Bing felt that this matter was not a big problem, but once Kangguo started this matter, other vassal states would probably flock to it. Not all of them will be taken by the Commercial Bank, but the Commercial Bank will definitely take a big bite. This public debt has an issuer, so there must be a buyer. Jiuzhou Chamber of Commerce is very interested.

Another thing is that the Commercial Bank has close ties with many domestic business groups. After Kangguo has money in hand, the first thing to do is not to transport these banknotes back to North America, but to convert them into materials and arms urgently needed for war.

The current situation in America is the east wind and the west wind. Either the east wind overwhelms the west wind, or the west wind overturns the east wind. Both sides are expanding their strength. Without strength, they cannot subdue each other.

The news received by Shi Wenxuan shows that his beloved nephew has further raised the maximum age of conscription of soldiers in the territory from 33 to 40 years old, and the minimum age has been reduced from 20 years old last year to 19 years old. This will probably allow him to have an extra regiment of soldiers.

There is no way, the population base is too small.

According to the report of the Military Intelligence Bureau, the Portuguese in Brazil have expanded their four divisions to eight infantry divisions, five cavalry regiments, three engineering regiments and three artillery regiments, with a total force of more than 100,000.

This ambitious military expansion plan has many obstacles. The recruitment of soldiers, the training of officers, the replenishment of weapons, and the raising of military funds rely on the Portuguese in Brazil, and they can't do this at all. But now that the Portuguese have the support of the British, these are all details.

The British, who have learned the Chinese tax system, have reached an incredible level of financial resources compared to the size of the British Isles.

In 1780, the British fiscal revenue was only 12 million pounds, but by 1799, the British fiscal revenue had reached 3,000 pounds.

Up to now, the British fiscal revenue has exceeded 60 million pounds.

Although the war with Napoleon made the British "earn more" and spend more, and the annual fiscal deficit was at the level of tens of millions of pounds, it was obvious that the British were willing to lend money to the country.

When a country's "daily" fiscal revenue can reach 60 million pounds, it is obvious that many people are willing to buy the country's national debt. Because in this era, no matter how big a country is, without war, without the national water and land transportation construction like Chen Han, and without national railway construction, the country's annual fiscal expenditure will not exceed 20 million pounds.

Therefore, even if this country has owed more than 500 million pounds in debt, there are still many people who are full of confidence in it. [The British national debt in 1810 was 600 million pounds]

The good finances of the British Empire are also the most solid foundation for the anti-French alliance to finally defeat Napoleon.

Now, because of the war in America and the rise of China, at least there will be no opium trade. Now even Japan and Siam are strictly investigating opium. The income of the British has decreased compared with the same period in history, but the expenditure is much greater.

However, the area of ​​America is so much larger than that of Europe. Compared with the scale of war in Europe, the scale of the American war is much smaller. According to the European Office, the British have poured more than 100 million pounds of aid funds to their allies. They only need to allocate a small part of their own military expenditure to encourage Spain, Portugal and the United States in America.

Without military expenditure, the army cannot be expanded, and soldiers and officers cannot have any military morale.

Wars are fought for money.

Shi Wenxuan cannot represent all the vassal states in America. He can only represent Kangguo.

Kangguo, which has just established itself on the Florida Peninsula, is still in the initial stage of construction. It is in great need of wealth and material, but it happened to catch up with this war. But Chen Zhao and his Kangguo cannot shirk their responsibilities. No matter how hard it is, he must bear it.

According to his father's idea, Kangguo will need to expand a large area to the north in the future. How can Chen Zhao not work hard?

The funds of 200 million bonds are in hand, which is 180 million Huayuan, which is 18 million silver yuan. The price of silver has not fallen much in recent years. The decline of silver price in the original time and space was mainly in the late 19th century, which should be after the 1970s and 1980s. It was caused by many reasons, including the opening of the Suez Canal.

At present, the silver price is still strong in this time and space. 18 million silver yuan is 12 million taels of silver, which is a lot of money in my Qing Dynasty.

But for Kangguo, whether it is war or domestic infrastructure, industrial construction, and education construction, it is a bottomless pit.

Shi Wenxuan thought of issuing public bonds.

The state must have credibility when issuing public bonds.

Shi Wenxuan looked at Su Meng and said, "Of course Kangguo has credibility. Your Majesty is the biological father of King Kang, and this is Kangguo's greatest credibility!" How can a father ignore his son? Besides, Shi Wenxuan's sister has been the favorite concubine in the palace for 20 years. Although she is old and ugly now, the precious land of Florida Peninsula can be granted to King Kang Chen Zhao, which is the best embodiment of Emperor Chen's friendship with Concubine Shi.

Before the Shi family moved to America, it was also a golden signboard in South China and Southeast Asia.