Just when Zhan Tianyou visited Qingdao, Yang Yuxin also reported his work to the Executive Yuan and introduced his work in detail. In fact, these situations were also reported in the telegram. Yang Yuxin's focus was to put forward the suggestions for attracting investment, that is, to widely attract Chinese private capital to invest in Shanghai New District to make up for the insufficient construction funds of the East China government. However, this requires the East China government to come up with an investment promotion system. If external funds need to come in, there must be a clear statement.

Yang Yuxin's suggestion was also unanimously agreed by the Executive Yuan, because attracting investment is not unfamiliar to time travelers. In the old time and space, this was one of the important reasons why China could achieve leapfrog development. Moreover, it is completely necessary to give some preferential conditions for foreign funds. After all, it is necessary to invest in the ruling areas of the East China government, and there is no preferential conditions.

In addition, the Ministry of Administration also agreed that not only in Shanghai, but also in Shandong and Tianjin, it also needs to conduct extensive investment promotion and try its best to absorb more national capital. On the one hand, it is to give private capital an investment channel to support the development of the national bourgeoisie, and at the same time it can accelerate the economic development of the East China government. In the future development, light industry and service industries should be handed over to private capital as much as possible, while the government only provides supervision, management and guidance, and concentrates its efforts to develop the development of heavy industry and emerging technologies.

Commercial Committee Member Ye Yanfu also proposed that the East China government should not only absorb private capital, but also vigorously attract foreign capital. It is also necessary to try its best to attract foreign high-tech. This will not only solve the insufficient funds of the East China government, but also accelerate the technological development of the East China government. At the same time, the investment methods can also be flexible and diverse. Foreign capital can be invested separately or jointly with the East China government. Even enterprises invested by the East China government can also attract foreign funds in the form of equity, etc., without sticking to one form.

Regarding this suggestion, some people believe that foreign capital only attracts investment in high-tech cutting-edge industries, but restricts light industry and service industries because China's national bourgeoisie is currently protected; but some people oppose that this is not only not conducive to the East China government attracting foreign capital, but also to the development of the national bourgeoisie, because there is no competition and pressure, there is no motivation for development. If the national bourgeoisie wants to develop, it cannot rely solely on the protection of the government, but must mainly participate in market competition. Only by growing in market competition can it become the real pillar of China. Some people believe that government enterprises absorb foreign capital, which will cause equity loss, etc.

As the quarrel was about to start, Xia Bohai hurriedly said, "Okay, okay, I won't discuss this matter in detail today. Since it was a suggestion from the Commercial Committee, the Commercial Committee will come up with a specific investment promotion plan, including domestic and foreign funds. In addition, you can negotiate more with the Finance Committee and the Agricultural Committee on taxation and land preferential issues. Then discuss it. Let Yang Yuxin participate in the formulation of this plan."

After hearing this, everyone stopped saying anything, and then the Finance Committee Member Jia Zhenzhao said, "Chairman Xia, everyone, I have some other opinions."

Xia Bohai nodded and said, "What do you have any opinions?"

Jia Zhenzhao said: "Of course I support investment promotion, and it is reasonable to provide certain preferential policies in taxation. Our Finance Committee tries its best to support it, and the cooperation method is not unacceptable. But I think our financial system should be solved first before this, because once someone invests in our ruling area, a large amount of funds will inevitably enter our ruling area. Without a perfect financial system support, it may be difficult to ensure financial security. If it is just domestic capital, it is better. After all, silver currency is used, but foreign capital will be different after entering. Not only is the circulation of foreign currencies an aspect, but the exchange rate between foreign currencies and silver is a major hidden danger.

Now, like the Qing court, we use silver as currency, but the Qing court did not stipulate the face value of the currency, but only used the weight of silver to make the value of the currency, which caused a large amount of inferior silver to flow into the currency market. This could not form a unified currency standard, and it was also severely affected by the fluctuations in international silver prices. Compared with 10 years ago, the international value of silver fell by half. No matter in which country, such a currency depreciation is enough to trigger an economic crisis. Because we do not have our own central bank yet, financial accidents are likely to occur in this case. It will not be conducive to my economic development at that time and will also affect the reputation of our government. Therefore, we must consider it in advance."

Xia Bohaidao: "Aren't we always preparing for the establishment of a central bank? How are we preparing now?"

Jia Zhenchao said: "Now, 70% or 80% of the work has been prepared. The bank's organizational structure, operating system, management system, staff, etc. have basically been determined. The personnel are also conducting pre-job training, and currency samples have been made. They can be manufactured in large quantities after everyone recognizes it. It is expected that they will be officially opened in June and July."

Wang Yunpeng said: "Isn't this very good? Our bank can open in June and July, and then issue currency, so that financial behavior can be regulated. Even if it attracts investment, it is not so fast and cannot be decided in a few months. As long as our bank can open in June and July, it will definitely be too late."

Jia Zhen shook his head and said, "I'm not worried about our bank. In a few days, I will submit the bank's complete plan and currency samples to the Executive Yuan for review. However, it is not possible for one bank to rectify and regulate the financial order, even the central bank cannot do it. Now, there are more than ten foreign banks in our ruling area. Although these foreign banks dare not disobey the laws we have formulated, there are almost no restrictions on financial behavior, and there is even no capital in the capital. This is obviously abnormal. To put it bluntly, those banks ran away with deposits that day. Not only did we have no way, but we also had to take the blame."

Xia Bohai said: "So what did you plan to close all these banks?"

Jia Zhen said: "It is of course the best way to lock these banks, but this will inevitably lead to us being in a very unfavorable position in the current international relations, which is obviously unrealistic. However, it is entirely necessary for us to regulate and restrict the financial behavior of banks, which is to formulate our [Commercial Bank Law]."

Only then did everyone understand what Jia Zhenzhao meant, but Jia Zhenzhao's suggestions were indeed very extreme. [Commercial Bank Law] is a legal text formulated by any sovereign state to regulate and manage the country's financial behavior.

Xia Bohai nodded and said to Wang Yunpeng: "This matter will be left to the Ministry of Justice. Before our bank opens, we will formulate our [Commercial Bank Law]." He also told Jia Zhen: "However, the [Commercial Bank Law] is very professional, so the Finance Committee must also do its best to assist the Ministry of Justice."

Jia Zhen reminded: "Okay."

Since the Ministry of Justice does not belong to the Executive Yuan's agency, it is necessary to coordinate with the Executive Yuan President Wang Yunpeng.

However, the work efficiency of the Finance Committee was indeed very fast. Two days later, Jia Zhenzhao handed over the bank's operation plan to the Executive Yuan, and there were also currency samples. He also sent a set of currency to everyone in the Executive Yuan.

According to the plan of the Finance Committee, the name of the bank is set as Bank of China, so there is no need to change the name as the central bank in the future. The issuance of currencies is divided into two types, one is silver coins and the other is paper currency; the silver coins are divided into two types: Yuan, Jiao, and silver coins are divided into three types: 1 yuan, 2 yuan and 5 yuan. Among them, 1 yuan is the main circulating currency, with a diameter of 38 mm, about 3 mm thick and weighing 26.5-27 grams. If the silver specifications according to the Qing court were 7 yuan and 2 cents, the size specifications were basically the same as those of Yuan Datou in the old time and space. However, the actual silver content is 90%, and 10% of tin is added, because the silver is soft, adding sten can increase the hardness of the silver coins.

The silver coins of 2 yuan and 5 yuan are about one circle larger than 1 yuan, with the same thickness and only a little more mass. Silver corners are divided into three face values: 1 jiao, 2 jiao and 5 jiao, with diameters of 24, 26, 28 mm, thicknesses of 2 mm, and weights of 10-13 grams respectively. The patterns of all silver coins are similar to those of the old time and space coins, and there is a convex edge on the edge, which is just used in time to record the year of the AD.

Paper money is divided into two types, with face values ​​of 1 jiao, 5 jiao, 2 jiao, and 1 jiao. A certain proportion of raw silk is added to the materials for making paper money, so it is more wear-resistant than ordinary paper. The pattern is mainly based on Chinese landscapes, while the characters use ordinary people's images, and even though the appearance is diluted.

Both silver coins and paper money are made very exquisitely, not far from what was in the old time and space.

Xu Jichao said: "Is the face value of the banknote too small? The largest face value is one cent. You should issue a banknote with a face value of 5 cents, right?"

Jia Zhenzhao explained: "In this era, paper money has not had high credit in the Chinese people. Therefore, we did not dare to issue paper money with a high face value at the beginning to avoid causing a major impact on the money market. At present, our main circulating currency is still mainly silver coins, with silver dollars with a face value of 1 yuan. Paper money is only used as a supplement for change. 100 yuan banknotes are widely used, but the denomination is not large. This will have a smaller impact on the money market, and gradually cultivate the public's confidence in paper money. After the people have accepted the paper money, they will gradually issue large face value paper money."

Xia Bohaidao: "How many currencies are planned to be issued?"
Chapter completed!