Beiyang reactionaries

Historically until the 60s, the major banks in Malaysia were controlled by the British.The private banks controlled by the British are even more powerful than the banks controlled by the Malaysian government.At that time, the British relied on these banks to still control the finance of the colonies and influence the economic policies of the colonies.If it weren't for the Chinese businessmen who rose in the 60s and [-]s, they took advantage of their strong economy and started to get involved in the financial industry.In addition, in order to get rid of the control of the British, the newly independent Malaysian government also deliberately supported those financial institutions, which allowed them to slowly get rid of the British control of finance.

Originally, with China's strength and China's influence, it is impossible to own a large amount of overseas assets in a short period of time.It is even less likely to have overseas resources.But now the UK is really anxious and has begun to sell some of the overseas mines they control to China.Let China also have the opportunity to purchase overseas assets and have the opportunity to get involved in those resources.

How could Duan Xun let go of such a good thing.

"indeed."

Yang Wei, who did not speak much at the Supreme Council, nodded.

Said: "War is a continuation of politics, but also of economy. We can see it clearly when we look at the Soviet-German war. The German army's offensive line is very clear. One is to point directly at Moscow, the political center of the Soviet Union. Hope Take Moscow to completely defeat the Soviet Union. After the failure of the defense of Moscow, the goal of the German army became more obvious. That is to take Stalingrad, the transportation hub for Soviet resources, and the Caucasus, the Soviet oil base. Germany's mind is clearly revealed, Seize the oil in the Caucasus. The Soviet Union also knew it well, so a large number of troops gathered there. This is a completely open contest, and there is no strategic surprise."

"Vice Chairman Yang (Yang Wei), you are right."

Duan Xun nodded slightly.

Yang Wei got to the point.So far in the Soviet-German war, neither country has had much strategic deception.It's completely head-to-head on the bright side.Germany's desire to take the Caucasus was naked and undisguised.

"The same is true for Japan. Because of Japan's lack of resources, it cannot go north to take our Northeast. It can only go south to control the Nanyang region. This is all to grab resources. Now we have such a good opportunity, of course we cannot give up. Deputy Dai Chairman, what do you think?"

"I think it's a good deal just from an economic point of view. After the outbreak of the war, the British dealt with overseas assets at ultra-low prices. Most of the assets were less than half. Many were only about one-third. "

Dai Kan is also in a good mood.

Unhurriedly expressing his opinion, he said: "The war will eventually end. We can get these things at a low price now. After the war is over, we can get a lot of benefits by transferring them. This is a great deal for us. A good opportunity, a good opportunity to get high economic benefits."

When the British sell overseas assets, they are all sold at low prices.

The price is lower than usual. I don't know how much.Before the appearance of the "Neutrality Act" in the United States, the British sold assets in the United States, which were only about one-third of the market value.At that time, many investment institutions in the United States made a lot of money.They bought those British assets at a low price with their left hand, and sold them to domestic companies in the United States with their right hand.Tens of millions of dollars have been earned in a change of hands.

Now that the British want to deal with their overseas mines, they must sell them at a low price.Economically speaking, now is a good time to buy these assets.

"Yes, Vice Chairman Duan told the truth. From an economic point of view, this is a good deal. But that alone is not enough. Australia began to develop greatly because of the discovery of gold mines half a century ago , the population will increase rapidly. After the gold mines, Australia has discovered coal mines, bauxite mines, and iron mines one after another. Of course, the Australian government believes that Australia lacks iron ore, so it does not allow iron ore to be exported. But it can be seen that Australia There is no shortage of resources. However, the current population of Australia is less than 1000 million, and there are many places in Australia that have not been explored. It is a completely undeveloped place. I believe that Australia should not only have this resource. Ask the Australian government for a 'mining concession'. We send people to explore and mine by ourselves."

The decline of Britain in World War II was really a good opportunity.

Now that the UK has something to ask from China, how can it afford such an opportunity if it does not slaughter him severely.Australia is a country full of resources, and at this stage, everyone has not discovered this.China can start early and obtain a "mining concession" from the Australian government.It is not so easy for foreigners to obtain this franchise.But now with the British, this is not too difficult.As long as there is a "mining concession" in hand, China will be able to explore large tracts of good things in Australia in the next 30 years.

In particular, Australia has the iron ore, aluminum, copper, and coal mines most needed by China's industrialization.Taking some important minerals first is an advantage for China.

"Speaking of resources, in addition to Australia, there is also the Middle East. The British have discovered oil one after another in the Middle East. Because those countries in the Middle East are very poor and backward, BP has won the local oil at the cheapest price. Exploration rights and oil mining rights. If the UK buys something from our country next time, let them give us some of the Middle East oil exploration rights and mining rights. In the past, coal was the basic resource of industry, so in the next 100 years, oil will Become the basic resource of industry. Whoever can control oil resources will have a higher voice in the world. This allows the Materials Committee to flexibly control it.”

"Yes."

Li Jishen nodded.

The world situation began to change, and Duan Xun's strategy also changed.Before the war, Duan Xun thought very simply.As long as East Asia and Southeast Asia can be controlled, China's goal will be accomplished.With Southeast Asia and East Asia, China will have a voice and a place in the future world.

But I didn't expect the situation to have changed a lot.

It should be said that it is the butterfly effect of Duan Xun appearing in this world.China cooperates with Germany, Italy and Japan to vigorously develop its own industry, making China's strength rapidly stronger.Similarly, China also strongly supported Germany, Italy and Japan, guaranteed their resources, and began to provide them with the light industrial products they needed.As a result, these Axis countries have sufficient energy to produce more military supplies.Therefore, after the outbreak of World War II, the German-Italian-Japanese alliance fought against Britain, the United States and the Soviet Union suffered heavy losses.

The current situation in the three countries of Britain, the United States and the Soviet Union is not good.

Therefore, although these countries hate China, they still have something to ask for from China.If this is not the case, how can China take their assets in the United States from the United Kingdom at a low price.Speaking of which, the Chinese government is still one of the shareholders of many listed companies in the United States.

Now that the UK even wants to sell the mines they own, Duan Xun will of course change his strategy and take the initiative to lay out energy for the future of the world.

"Energy layout is one thing, and other investments have to keep up. I just said that the economies of Canberra, Sydney, Melbourne and other places in Australia are very bad, and house prices and land prices have dropped a lot. As Vice Chairman Dai said just now, Wars will end after all. Once the war is over, the prices of items that are currently expensive will drop, and the prices of products that are currently cheap will also increase. The most typical is these properties. When there is a war, their prices will drop rapidly , but the price will recover when the war is over. This is not only applicable to Australia, but also to European and American countries. Take advantage of the current opportunity to invest in some overseas real estate, and there will be high returns after the war."

After the outbreak of World War II, China really made money.

Therefore, the most indispensable thing in China at present is capital.Duan Xun has already begun to think about how to invest.

"Chairman, this kind of economic investment is a very professional matter, and it also needs supervision."

Dai Kan opened his mouth to remind Duan Xun.

Investing overseas is not an easy task.After all, the laws of European and American countries are different from those of China, and the ways of doing business are also different.Not to mention that so much money is overseas, how to supervise these funds is also a problem.

"It does require professional management by professional departments, as well as effective supervision."

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"It does require professional management by professional departments, as well as effective supervision."

Duan Xun nodded.

Going out and investing overseas is a new topic for China, but it must be faced.In China's thousands of years of society, although it has also done business with foreigners, China has always regarded itself as a kingdom of heaven and has not had much contact with the world.Moreover, China's economy has always been a small-scale peasant economy, which has suppressed business, and there have not been any big businessmen.So Chinese businessmen do trade, but foreigners come to do business with you on their own initiative, and they rarely take the initiative to invest overseas, because overseas was not safe at that time.Businessmen think so, and government agencies will not have anything to invest overseas.

After the Opium War, China began to understand the world, knowing that there are countries in the world that are more powerful than China.Many people also learned that doing overseas trade is to make money.But China at that time was the food in the mouth of the big powers and the object of bullying by the big powers.Chinese businessmen are suppressed by foreign powers at home, so where are they qualified to invest overseas.Most of the Chinese businessmen who do trade are compradors of those foreign firms.

But now things are starting to change.

The outbreak of World War II gave China an opportunity, and it was a very good opportunity.Because of the United Kingdom, China quickly acquired a number of overseas assets.Moreover, China has also begun to have the possibility of investing overseas, and has also begun to own overseas assets.But precisely because it was the first time, many things were out of order.

Totally inexperienced.

As Li Hongzhang said, the end of Qing Dynasty and the beginning of Republic of China were "changes unseen in thousands of years" in Chinese history, because too many new things appeared.For China, these new things require re-adaptation.This kind of overseas asset management and overseas investment is such a thing.

It is a new thing, but it is something necessary for China's development.Regardless of whether it is active or passive, China must accept such new things.So Duan Xun thought for a while and said: "I think the Overseas Investment Bureau will be established, and the Overseas Investment Bureau will become a subordinate unit of the cabinet. Some foreign exchange will be allocated to them for overseas investment. In terms of supervision, let the Ministry of Commerce be in charge temporarily. The cabinet will discuss Let’s set up the Overseas Investment Supervision Department, which will become a parallel unit with the State-owned Assets Supervision and Administration Commission, responsible for managing and supervising the government’s overseas assets. These overseas assets cannot be artificially damaged. Vice Chairman Dai, your cabinet has come up with a specific plan for this matter. .”

With the increase of China's foreign exchange, Duan Xun is going to set up a sovereign fund.

After World War II, the world will enter the age of nuclear weapons.On the contrary, the restriction of nuclear weapons has maintained the balance of major powers and guaranteed the superficial peace of the world.It is this kind of peace that promotes the development of world trade.

So China has to change as soon as possible.It is necessary to use the foreign exchange in hand to set up a sovereign fund.Otherwise, keeping so much foreign exchange in your hands would be a loss instead.Money is a thing, once it stops flowing, it can only wait to depreciate.So money has to flow.The same goes for those forex.

You have to get foreign exchange flowing.

Historically, China became the world's largest holder of U.S. Treasury bonds in order to find the most stable investment target.In the world, U.S. debt is a very safe investment target.

After the outbreak of the Second World War, not only did China's gold reserves rise rapidly, but its foreign exchange, especially the US dollar, also increased.This money must be invested, otherwise after the end of World War II, the money will inevitably depreciate.

Therefore, it is inevitable to establish a national sovereign fund and use these foreign exchange investments.The Overseas Investment Bureau that Duan Xun wants to establish is similar to a national sovereign fund.But these are state money and must be regulated.So Duan Xun plans to set up an Overseas Investment Supervision Department to supervise the safety of these overseas assets.

"Yes."

"There is one thing to pay attention to. Whether it is the Overseas Investment Bureau or the Overseas Investment Supervision Department, the person in charge must choose someone who understands economics. It is best to be a professional with experience in managing companies and investment. What we want is Management and supervision, not restrictions."

"After I go back, I will hold a meeting with the Bank of China, the Ministry of Commerce, and the State-owned Assets Supervision and Administration Commission to determine the establishment and management personnel list of these two departments as soon as possible."

Dai Kan nodded.

There are more and more new departments in the cabinet, which is estimated to be a feature of industrial society.Because there are more and more new things, there will be more and more management departments.

"Since we want to go global, we must have talents in this field. In the future, we will inevitably need a large number of talents who understand the world economy and the laws of various countries. Let the Ministry of Education adjust the development plan of universities based on this. It is best to establish A school dedicated to cultivating talents in this area.”

In fact, China has cultivated many talents in this field over the years.