Beiyang reactionaries

"Prime Minister, there are many differences between our country and European and American countries, with different histories and cultures, so economic policies cannot be exactly the same. Including the issuance of banknotes, we don't have to follow European and American countries completely. In our country, the government is the biggest The government can designate the legal currency that circulates in our country. Therefore, although the currency we issue still has to set a price, which is linked to the price of gold and silver and the world’s major currency pound, it is more of a credit currency. It does not rely on what we have Gold, silver and foreign exchange are driven more by the credit of the government.”

"Aren't you going to forcibly link the value of the currency to gold, silver, and foreign exchange? If this will not reflect the real value of the currency, it will breed black market transactions."

"Do not."

It was Zhang Jiaao again.

Obviously, Wang Yongjiang, as the vice premier in charge of the economy, had exchanges with Zhang Jiaao of the Bank of China in this regard.Now it's time to report to Duan Xun.

"Prime Minister, if the link is too mandatory, as the Prime Minister said, it is easy to have a situation where the real price is different from the price of banknotes. Therefore, some flexible monetary policies are needed. By issuing additional currency, or repurchasing currency in the market , to flexibly adjust currency prices. Or paper money is not only linked to the price of gold and silver, but also to daily necessities such as grain and salt. We can slowly improve monetary policy, but the current situation, the national issuance of paper money It is already imperative.”

"Prime Minister Wang, do you think so too?"

"Yes."

Wang Yongjiang nodded.

"Prime Minister, I think the timing is good now. The government must have a comprehensive grasp of the current overall economic situation. Only in this way can we make more accurate economic policies. The current situation is that we have a very imperfect grasp of the Chinese economy, which is very important for us. Any decision-making is unfavorable. To grasp the situation of the national economy, national banknote issuance is necessary. Replace the current domestic circulation of gold and silver with banknotes, and collect these gold, silver, and copper coins."

"it is good."

Economic reform is not easy.

Pulled around and moved the whole body.

Originally, we only considered financial regulatory issues, but this is not an isolated matter.If you want to supervise banks, you must prevent some banks from transferring funds in order to evade supervision.To guard against that, it is necessary to strengthen customs supervision and strengthen the supervision of funds entering and exiting customs.

And to accomplish this, the best way is to issue banknotes nationwide.

At that time, if the funds want to enter and exit the customs, there must be an order.That is to exchange from the Bank of China, the local currency is exchanged for gold and silver or foreign exchange, such as British pounds, US dollars and the like.

Bank of China can use this procedure to monitor the flow of funds.

are all related.

"Premier Wang, you must make the most detailed plan, and there must be no mistakes in the middle. From my point of view, starting from taxation, food, salt, tea, wine, and tobacco, it is mandatory to use banknotes. In this way Increase the circulation of banknotes. Give the market a transitional time, and wait for the scale of banknote circulation to expand to a certain extent before announcing the ban on the circulation of gold, silver and copper as currency."

"Yes."

Governing a big country is like cooking a small fish.

Can't be in a hurry.

Take your time.

"What do you think about the stock exchange?"

401

"What do you think about the stock exchange?"

After talking about the bank, Duan Xun began to ask about the stock exchange.

stock market?

The degree of "prosperity" in Shanghai's stock market is even stronger than 100 years later.There are stock exchanges everywhere, and you can open them whenever you want.No one knows how many stock exchanges there are in Shanghai.

And the speculation is very powerful.

How many people come to Shanghai with the dream of getting rich overnight, and how many people can only jump the Huangpu River because of failed speculation.

Very confusing.

There is no regulation at all.

For example, at the end of the Qing Dynasty, the rubber crisis cost China a lot of money.

Playing the stock market?

The Chinese are still in the enlightenment stage, completely ignorant, and don't know what the stock market is at all.Not to mention ordinary stockholders, but many who play economics, they also don't know what the stock market is.European and American countries have been playing the stock market for many years, and the first stock exchange was established in the Netherlands 400 years ago.

Although their stock market is not very formal, it also has many risks.But after all, with so many years of history, there are already many ways to play them.

Playing with them, these players in China are the ones they can easily cut leeks from.The sharp rise and fall of these stock markets in China is the norm.To put it bluntly, the stock market either rises slowly or falls slowly.Even a year-round downturn in the stock market is better than this kind of sharp rise and fall.

The reason for the sharp rise and fall is that some people are repeatedly cutting leeks.

But for speculators, what they want most is skyrocketing and plummeting.Only during the skyrocketing and plummeting can they make enough money.

So they love it.

"All combined."

Zhang Jiaao replied immediately.

Said: "Prime Minister, according to our investigation, 90.00% of the so-called companies listed on the stock exchange are empty shells, without any business. They just fool people into buying stocks. They manipulate the price fluctuations. There is no Any use. The stock market should be a place for many companies to raise funds for development, but these securities exchanges in China have no such function at all. Given the current economic situation in China and the current situation of Chinese companies, these securities companies are not needed at all, nor are they How many listed companies are needed. China only needs to have one securities company. Therefore, our proposal is to merge all the securities companies in Shanghai and just become one. Then we will clean up all the companies that do not have any business and make a good rectification These listed companies."

"What about the management of the stock exchange?"

"Recently, we have been studying the securities exchange laws of London and New York, and we are going to learn from their management methods."

"kindness."

Duan Xun nodded.

stock market.

The existence of the stock market definitely has a huge regulating effect on the economy.Although many people criticize the company's listing for the purpose of collecting money, in fact, the company's development needs this kind of fundraising.

Financing has always been a problem for many companies.

With the platform of the stock market, many companies can solve many financing problems.Moreover, the regulation of the stock market is becoming more and more stringent, which has many benefits for the openness of the company's operations.

But again, the stock market cannot be left alone and must be strictly monitored.The stock market should not be a platform for speculation.

"Clean up the stock house, clean up the stock house."

Duan Xun fell into deep thought again.

Because it's still a problem.Stock houses, like banks, have too much money and involve too much.A little carelessness will detonate a financial problem in Shanghai.

"What about the steps?"

Zhang Jiaao glanced at Wang Yongjiang.

Finding that Wang Yongjiang didn't respond, he continued: "Prime Minister, our idea is to let all the funds of all institutions under our control jump out of the securities exchange."

Duan Xun didn't speak.