I used space to carry a lot of supplies to escape famine in ancient times

The shadow of the economic crisis quickly enveloped the financial sector like a thick black fog, triggering a series of disastrous chain reactions. Many banks and financial institutions, once the mainstay of the universe's economic operation, are now shaky in this storm and eventually collapsed under the heavy burden.

In the financial centers of various planets, those once magnificent bank buildings are now in ruins. The doors are closed, the glass is broken, and the customers and busy staff who once flowed in are nowhere to be seen. The collapse of these banks is not accidental. Under the impact of the economic crisis, companies went bankrupt, unemployment soared, and a large number of loans could not be recovered. For example, interstellar trading companies were unable to repay bank loans due to shrinking trade and sharply reduced income, while real estate developers were also unable to repay their debts due to falling market demand, unsalable houses, and broken capital chains. The balance sheets of banks deteriorated rapidly, the proportion of non-performing assets increased sharply, and reserves were consumed in large quantities.

Meanwhile, panic in the financial markets spread like wildfire. Investors sold off their assets in an attempt to recover their losses, causing the prices of financial assets such as stocks and bonds to plummet. The interstellar stock market was in chaos, and on the big screens in the trading hall, stock prices fell like a free fall, and the green loss figures were shocking. The stocks of companies that were once regarded as the star companies of the universe economy have now plummeted in value. Those investors who hold these stocks, both individuals and financial institutions, have suffered a heavy blow. The assets of financial institutions such as pension funds and investment funds have shrunk significantly, and many funds are facing the risk of liquidation.

The problem of currency devaluation is also becoming increasingly serious, becoming another prominent manifestation of the financial crisis. The currencies of various planets and civilizations have lost stability under the impact of the economic crisis. As trade shrinks and the economy declines, confidence in the currency has dropped sharply. Take a currency widely used in interstellar trade as an example. Before the financial crisis, its exchange rate with other major currencies was relatively stable, but with the outbreak of the crisis, its value fell rapidly. Imported goods have become more expensive, further exacerbating inflation. Prices have skyrocketed, the cost of living for the people has increased significantly, but wages have not increased accordingly, resulting in a sharp decline in people's purchasing power.

The collapse of the credit system has put the entire universe economy in a desperate situation. Under normal circumstances, credit is the cornerstone of financial markets and economic activities. Banks issue loans by assessing the credit status of borrowers, and companies trade based on credit. However, in the financial crisis, the credit system was severely damaged.

Trust between businesses has completely disappeared, and trade on credit has almost completely stopped. Suppliers are worried that buyers will not be able to pay for goods and require cash transactions, which makes it more difficult for companies to turn over funds. Many healthy companies were forced to stop production due to the inability to obtain raw materials or pay wages in time. In interstellar trade, the rates of credit insurance have soared, and some insurance companies have even stopped providing credit insurance services, which has greatly increased trade risks and further inhibited the development of trade.

The credit assessment system of banks was also in chaos. Due to the uncertainty of the economic situation and the bankruptcy of a large number of enterprises, banks were unable to accurately assess the credit risk of borrowers. They tightened credit policies, raised loan interest rates, and even refused to provide loans to some long-term customers. This made it more difficult for enterprises and individuals to obtain funds, and economic activities were severely restricted.

In the face of this financial disaster, Gu Qianning and Chu Mohan are well aware of the urgency and importance of stabilizing the financial market and rebuilding the credit system. They understand that if they fail to act quickly, the universe economy will fall into a total collapse, and countless civilizations will struggle to survive in the ruins of the economy.

In order to stabilize the financial market, Gu Qianning and Chu Mohan first addressed the issue of bank failures. They convened financial experts from various civilizations in the universe to discuss countermeasures. After in-depth research, they decided to take a series of rescue measures. For those large banks with systemic importance, the government and the Universe Parliament provided emergency financial assistance to enhance their capital adequacy ratio and prevent their failure from causing greater financial turmoil. These financial assistances are not unconditional, and banks need to accept strict supervision and reform measures, including adjusting management, optimizing business structure, and strengthening risk management.

At the same time, in order to stabilize the stock market, Gu Qianning and Chu Mohan promoted the establishment of a cosmic financial stability fund. This fund is jointly funded by various civilizations and conducts targeted intervention when there are large fluctuations in the stock market. When the prices of certain important stocks plummet due to panic selling, the fund can buy these stocks to stabilize prices and avoid excessive market fluctuations. In addition, the supervision of the stock market has been strengthened to crack down on illegal activities such as insider trading and market manipulation to restore investor confidence.

In dealing with currency depreciation, they have taken a variety of measures. First, they have strengthened coordination and cooperation between currencies. The central banks of various civilizations jointly formulate monetary policies to stabilize exchange rates. For some over-depreciated currencies, they stabilize their values ​​through foreign exchange market intervention and currency swaps. At the same time, they implement prudent monetary policies, control money supply, and curb inflation. Although raising interest rates may have a certain short-term impact on economic recovery, it plays an important role in stabilizing the value of currencies.

Rebuilding the credit system is a more arduous task. Gu Qianning and Chu Mohan realized that this needs to be done from multiple levels. At the enterprise level, a universal enterprise credit information database was established. This database collects information such as the financial status, operating history, and credit records of each enterprise, and all enterprises and financial institutions can query it through legal channels. This can improve transparency between enterprises, reduce information asymmetry, and rebuild trust between enterprises.

New assessment models and technologies have been introduced for the bank's credit assessment system. Big data analysis and artificial intelligence algorithms are used to more accurately assess the credit risk of borrowers. At the same time, supervision of financial institutions has been strengthened to standardize credit business processes and prevent excessive lending and unreasonable credit tightening.

In addition, a large-scale financial education campaign has been launched. On various planets, through various media channels, financial knowledge and credit awareness are popularized to the public. People are made to understand the importance of credit in economic activities and how to maintain their credit records. Only when the residents of the entire universe have good financial literacy and credit awareness can the credit system be truly rebuilt and consolidated.

During this difficult process, Gu Qianning and Chu Mohan rushed around, coordinating the interests of all parties and promoting the implementation of various measures. They faced countless difficulties and challenges. The interests of different civilizations, the complex economic situation and the panic of the people became stumbling blocks on their way forward. But they never gave up, because they knew that they shouldered the hope of economic recovery in the universe. Only by stabilizing the financial market and rebuilding the credit system can the universe get out of this devastating financial crisis and usher in prosperity and development again.