War is never a unilateral act, on the contrary, the Republican Army has a more mature view, because they see war as an economic act, because the annexation of states can attract more investment into it, finance needs investment tools, attract more capital into it, how to enter, you need to add the expected dividends, and government bonds are issued in this case.

Relying on mere taxes, and all sorts of taxes, the IRA simply cannot sustain itself, because the IRA has spent nearly a decade of revenue from their finances to do such things. A large amount of economic infrastructure construction, the government operating system is not perfect, and despite the continuous disarmament, military spending still accounts for a considerable part of it, in addition to the high cost of education, which is constantly increasing. From primary school, to secondary school, to the establishment of related colleges, and universities, these things are helping them to complete a wide variety of favorable dynamics to the greatest extent.

Shang Wu and Jia Xu have understood the importance of mobilizing capital, and even they themselves know very well that if they do not find suitable investment projects for those capitals, they themselves will bring great disasters, for example, they will monopolize and integrate a series of other things to carry out such economic behaviors. That's all that matters to the Republican Army, because the capital markets need such investment projects.

In Handan, in the securities market, the most rising bonds are still the Republican Army's bonds, although their prices are not expensive, most of them are small denominations. Ten yuan, twenty yuan mostly. But his number is huge. And the interest in investing is very large.

"Only a small part of the money in the market goes into equity securities, and most of the money goes into government bonds, because investing in this can bring stable returns, after all, there is a lack of specialized people in stocks. But I know some specialized people who are starting to set up funds and other ways to do things like that. An investor said this to Li Li when he was trading stocks.

"Oh." Li Li nodded. He feels that he can also develop in this direction, he is still a retail investor, but he is a large retail investor among retail investors, he has a lot of funds, and he has quite a lot of friends who make related investments with him. It's a good thing for him because he has companions.

The securities industry of the Republican Army is developing very well, and the securities have brought a lot of profits, because some non-professionals think that this is speculation, gambling, but it is very legal, there are many big businessmen from Luoyang, and there are some small businessmen who are involved in it, although most of their funds are done in industry, mainly with some factories and handicraft workshops of the Republican Army, and then sell them, so that they can earn enough intermediate profits, such profits for them, It's a lot more advantageous. This is their advantage, and such an advantage can make them much more advantageous.

They see securities investment as a side hustle, or as something illegal, such as smuggling, which is taxed in the Republican Army. Tax registration is unreasonable, how to take legal means to avoid taxes is their favorite way, professional accountants have appeared, they are very clear about their role, they propose to let them go through the channel of securities, because the commercial tax is in five percent, and the stamp duty on securities is only three percent at the highest, and some are lower. For example, only one percent of the tax is levied on the purchase of government bonds. This is a very, very reasonable tax avoidance channel, a large amount of money into the securities industry, the purchase of government bonds has become the first choice, because it will bring them a lot of convenience, everyone likes convenience, no one does not like to do this, this is their advantage.

But at first, it was just some personal behavior, and gradually some people discovered the way to make money, and they thought that such a way was very reasonable, even extremely beneficial, and in such a situation, they could do a lot of things. This is a perfectly reasonable thing for them.

As a result, securities began to derive a new industry, funds. They are the type of people who specialize in tax avoidance, investment, and financial planning, and most of them are business school graduates with accounting qualifications. They can do a lot of things like that to their advantage, and then their profits will appear.

A lot of people are doing this, and they're doing it well, and most of the IRA's boom in the stock market comes from that. For example, merchants from Luoyang, as well as investment from the Huns from Hexi Prefecture. They just want to be able to make some extra money and buy more cheap weapons, which is an extremely beneficial outcome for them.

Li Li saw some such people, so he was very interested.

"I think what you should be interested in are some of the specialized people that are hired by the fund people. They are called traders. They have a lot of money, there's a lot more news, and they have a big advantage. Investors say so. Li Li nodded, he had to admit that some large enterprises, banks, they need such people to help them do such things on stocks, and they have a lot of customers, quite a lot, most of the smugglers need to launder money, need such a process, so, most of them are high-quality customers, they are not short of funds, what they lack is just a good project, investment environment, such an investment environment, this is the process they need the most.

The good development of the IRA has given such a very strong guarantee, which can make their situation extremely favorable, and this is the most advantageous and most important situation for them, otherwise, they would not have done such things. That's what they should be most concerned about.

It can be said that the current economic and financial development of the republican army, the division of labor is becoming more and more and more clear, because only a clear division of labor can bring them enough profits, otherwise, they will not get more and so much support, and this is what they are currently going to do.

The good division of labor has brought a lot of development to the financial situation of the Republican Army, but all this is not enough, the key is the expectations of the people, or, more people, the future benefits of the war.

Hedong. Binh Duong, House of Representatives. Many civilian-born parliamentarians are here to discuss, and from time to time they need to accept the help of some entrepreneurs. This help comes from funding, you know, parliamentarians are not paid, not only that, but a lot of bills need to be investigated, and elections also need money, although parliamentarians give a lot of young people, those children of ordinary people, some opportunities to participate in politics. As long as you do a good job and have a lot of performance, you can get so much support, especially businessmen, they need some demands, for example, tax exemption, or the development of more markets, they all have such demands, they can put forward, but it is meaningless, because there is no one to speak to them, but parliamentarians are different, they are involved in politics, they can show a very concerned place on a problem, but they lack funds, they lack compensation, and both sides have their own needs. And entrepreneurs can provide the information they have gathered, the intelligence and so on, which can bring them a lot of help, and what they need is something like this, which can help them to the greatest extent.

"Think about it, it's for us. Very advantageous. Bai Bo said that he is a civilian legislator, but more often, he will consider the interests of some businessmen and entrepreneurs, because these people have provided him with a lot of money for campaigning, as well as relevant surveys, and more data to provide him, which makes him have a lot of influence in the parliament, and when he has enough influence, he can run for governor, or other related positions, which is an important channel for him to enter politics. The IRA has bureaucratic ministers, but more state leaders rely on local forces. This is a very important opportunity.

"The war in Hedong is very beneficial to Hedong, and the development of Hexi has shown that the Republican army will not encounter strong attacks and obstacles in Hezhou. In that case, it will be easy to defeat the state, because we know that there are still our guerrillas there, and this is very powerful for us. Bai Bo said.

"In that case, we have to think about what we can do in this war, I think, we can buy, or sell more bonds, the people are very optimistic about bonds, we can underwrite some bonds, raise more money, and after a lot of money is in hand, the government can make more purchases, provide more military supplies, and logistical guarantees, and after the state is in hand, we also need to do more post-war reconstruction, rebuild the defensive line, think about it, roads, cities re-build, There are more jobs for the people, and on top of that, there is more land, and that's the key, and the land is not only for food, but if coal resources can be discovered, this is very optimistic, so the state is a very good place to invest in the project. If we can get a place like this, I can guarantee that we will be in a much better position than we have ever been. Bai Bo explained. The other MPs nodded their heads, believing that this was a very good idea and in their interest.