Of the more than 20 million fiat currency notes, 10 million of them are from the "safekeeping" fees of those British and American businessmen in the public concession, and the other more than 10 million are Chen Mingxiang's own dividends in the company.

Because the Japanese army implemented the southward expansion plan and quickly occupied the Shanghai Public Concession and the port city, the foreign exchange market of the Shancheng government disappeared in an instant, and he had not had time to convert it into foreign exchange.

In fact, most of Chen Mingxiang's assets are US dollars and gold, he has no confidence in fiat currency, and he is even more disdainful of the Chinese Reserve Bank.

In terms of material transactions with the Japanese Navy, Chen Mingxiang gave Kodama and Shifu private benefits, and Kodama directly paid him US dollars, and the Japanese Navy was far more generous than the Army.

Transactions with American and British businessmen naturally had to use US dollars, and even the dividends from the underground trading in Huxi given by Wu Sibao and Pan were also used in US dollars.

"I run a bank and have the right to print money, am I afraid that you will exchange more money? More than 20 million fiat currency, my brother is also rich, and he is really worthy of being a well-known smuggling leader in Shanghai. ”

"In this way, I will convert all the 10 million fiat currency into US dollars for you, according to the previous ratio of twenty to one, that is, 500,000 US dollars, without foreign exchange pressing the bottom of the box, my heart will not be steady. For the other 10 million fiat currency, I will allocate you 30 million Chinese reserve bonds according to the ratio of one to three. ”

"My own people, I don't hide some things from you, maybe you know better than me, due to Japanese reasons, the Central Reserve Bonds can not be stored, this year is estimated that there is no big problem, but next year it will be difficult to say." Zhou Gaohai said.

The speed at which Wang's puppet government started the money printing machine to print money may not be able to withstand the speed at which the Japanese army spent money.

The price of commodities available for trading on the market is equal to ten yuan, and the quantity of currency issued is ten yuan, so that the relationship between supply and demand is balanced, and the currency that can be issued is one hundred yuan, which is equivalent to a tenfold increase in the price of commodities, because the quantity of commodities has not increased.

The Japanese army frantically robbed the wealth of China to supply the needs of the war, and the looting was not to mention for the time being, in the past, the so-called military tickets were used to buy the property of the common people at a low price, but now they have been replaced by central reserve bonds.

And Wang's puppet government is also doing this, and the expenditure of the army and government agencies all need to be supported by the Central Reserve Bonds, otherwise it will not be able to operate at all.

What if the number of goods available for trade decreases, the price will rise, and more money will have to be used to buy them? Print money!

"What Zhou Gaohai said today is quite kind, at least tell me that the China Reserve Bonds cannot be retained, the value of the currency will fall all the way, and the era of inflation is coming." Chen Mingxiang said.

"Li Qiao reported that Su Chengsheng, codenamed Magpie, has already begun to implement the plan of the dead room, in order not to make himself appear too sudden, he will use half a month to increase the frequency of tracking Nanzao Yunzi, shorten the distance between the two, with the other party's vigilance and experience, he can definitely detect it." Wang Zhen said.

This plan against Nanzao Yunzi is the most important action of the year for Chen Mingxiang and his direct station, killing this female spy is Boss Dai's long-term wish, and it is also the only task that Chen Mingxiang has not completed.

On the surface, it seems that only Li Qiao is responsible for the training and connection of Su Chengsheng, but in fact, Chen Mingxiang used his greatest resources, and the entire operation personnel of the directly subordinate station and Zhou Guojun's team are all serving this plan.

Where Nanzao Yunzi often activities, all the direct stations have arranged monitoring points and contact points, he gives full play to his advantages of wealth, each monitoring point has a telephone and a car on duty, except for Hongkou District, which is really impossible to arrange, the entire public concession is like a big net, locking the whereabouts of this female spy.

"Let the magpie not be in a hurry first, stabilize his mentality, Nanzao Yunzi is not so easy to deceive, as long as he passes the first level, that is, the torture of the special lesson, the rest of the follow-up is to wait for the opportunity."

"The reason why Nanzao Yunzi has not been eradicated until now is that her whereabouts are secretive, her vigilance is too high, she never stays in one place for more than two days, and she always has a group of agents around her to protect her, and the real purpose of the bait is to fish her out of the turtle shell." Chen Mingxiang said.

The Spring Festival of the 31st year of the Republic of China was the most non-flavorful Spring Festival for Chen Mingxiang, and last year, the public concession and the French concession were very lively as usual, with the sound of firecrackers everywhere, the crowds of people playing and visiting everywhere, and people coming and going on the streets 24 hours a day.

However, this year, the concession area was as silent as death, and it is said that in order to save electricity and avoid wasting money during the festival, the Japanese army actually ordered the opening hours of shops and entertainment venues to be restricted.

"Bang Bang!"

The residents of the Bank of China set off firecrackers for half an hour, which was very lively and extraordinarily atmospheric, which was specially requested by Chen Mingxiang.

Other places can be lifeless, but the Bank of China can't do it without any movement, which will make the Japanese unhappy.

Don't forget, at the gate of the Bank of China, there are Japanese military police on duty, and they have not been removed until now, and to a certain extent, they also have the duty of surveillance.

Most of the people living in the Bank of China were employees of the Huatong Trading Company and members of the guard of the inspection team, and they all ate together under the jurisdiction of the Gendarmerie Headquarters.

The New Year's Day does not set off firecrackers, is this dissatisfaction with the imperial army?

"Happy New Year, big lazy worm, come and eat, I cooked your favorite dumplings, you hurry up and go to the New Year after eating, there are still many things to do today!" Wang Zhenda called Chen Mingxiang before six o'clock in the morning.

She knew that Chen Mingxiang was a northerner and was used to eating dumplings on the first day of the Lunar New Year, so she specially wrapped it for him last night, and after it was cooked at five o'clock, she called this guy to come over and eat.

Chen Mingxiang got up lazily and first called Zhou Gaohai, Ding Mocun, Li Shiqun and others to pay New Year's greetings, although Wang's puppet government did not advocate the Lunar New Year according to the previous practice of the Shancheng government, but such customs and habits have a long history and cannot be changed casually.

"The Spring Festival congratulations to Boss Dai and the bureau headquarters have been sent?" Chen Mingxiang asked.

This guy didn't wash his face and brush his teeth at his own residence, but ran to Wang Zhen's residence, and he really didn't treat himself as an outsider, but Wang Zhen seemed to know that he was like this, and everything was ready for him.

"I have to tell you that Boss Dai has just informed us that after the year, the Shanghai City Action Corps of the Military Unification Bureau will be established, with Mao Sanmu as the colonel and the chief captain, to rectify the personnel of the former Shanghai No. 1 District Military Unification Bureau in the Shanghai suburb guerrilla area, and continue to fight against the Japanese puppets."

"According to the previous rules, the direct station cannot have any contact with the operation team, and all information transmission must be conveyed through the bureau headquarters." Wang Zhen said.