readx; The brutal war did not affect Shanghai's financial prosperity, on the contrary, because of the stimulation of the war, a large amount of capital flowed into the stock market, making the stock prices of war-related companies soar all the way. Pen & Fun & Pavilion www.biquge.info

In this place full of money, even the people in the roadside cafes talk about stocks and money, and even the owners of the roadside newsstands can casually name a few of the most popular stocks during this time, and everything that happens here can affect the direction of China's economy.

At the headquarters of Huaxia Bank's Shanghai branch, a middle-aged man with neat and shiny hair looked at the documents in his hand, and said after a while, "It seems that the Ministry of Finance has made up its mind this time!" ”

And a person beside him: "It is not so easy for the Ministry of Finance to implement the credit of paper money, once it is said that paper money cannot be exchanged for silver and gold in the central bank, who would dare to use paper money, and if this is really the case, it is difficult for so many paper money in the treasury of our Huaxia Bank to become a piece of waste paper?" ”

Regarding this person's remarks, the middle-aged man snorted coldly: "Do you still think that our Huaxia Bank is the Huaxia Bank of a few years ago?" ”

As soon as these words came out, others reacted, yes, although Huaxia Bank is still the largest bank in China, but the split and reorganization of that year made Huaxia Bank lose many important businesses, as well as the most important currency issuance rights. After Huaxia Bank was split, because it was compensated for hundreds of millions of yuan of national bonds, Huaxia Bank's assets increased on the surface, but Huaxia Bank, which lost many important businesses, was forced to fully turn to commercial banks, and the transition period lasted for two years. A few years later, after the completion of Huaxia Bank's transformation, Huaxia Bank once again showed explosive growth, although the company's expansion rate is not as fast as other banks such as Southeast Bank and Northern Bank, but considering Huaxia Bank's already huge assets, Huaxia Bank's expansion of assets in the past year is not comparable to that of Southeast Bank and Northern Bank combined.

However, despite the increasing scale of Huaxia Bank's assets, its influence is not as good as that of the Huaxia Bank of the year, and the Huaxia Bank of the year can affect the economic trend of the whole of China at will, when the Huaxia Bank was split and reorganized, almost the entire stock market plummeted, and even the economic growth of the whole of China slowed down.

Nowadays, if the political axe wants to implement monetary credit, it is really difficult to oppose the major non-governmental banks and even ordinary people to oppose it.

"This damn war, those damned Social Workers!" The man complained a little about the war, and it is nothing new that the Ministry of Finance wants to implement the creditization of money, as early as that year, after the political axe took back the right to issue currency and established the Bank of China, it was said that it would make paper money credit, and the reason was simple, that is, gold and silver were used as hard currencies for international trade settlement, and the country needed to reserve silver and gold for unpreparedness. And this is only a superficial reason, the actual reason is well known, that is, the Ministry of Finance is bent on separating the issuance of paper money from the reserves of gold and silver, in order to strive for the issuance of more paper money.

The current national silver and gold reserves are actually the silver and gold reserves of the Bank of China and the Bank of Communications, and the gold and silver reserves of the Bank of China were taken over when the right to issue currency was withdrawn, and the Bank of Communications is because the Ministry of Finance controls most of the shares of the Bank of Communications.

In addition to the state-controlled silver and gold, there are a large number of gold and silver controlled by the major private banks and ordinary people, although the implementation of currency has been more than ten years, and the political axe as the leading tax collection and fiscal expenditure all use paper money, for precious metals unless to the Bank of China exchange, otherwise it is only in and out, but despite this, the people still have a large number of precious metals and foreign exchange reserves, which is unacceptable to the Ministry of Finance. The Ministry of Finance is eager to control the country's precious metals and foreign exchange.

After the outbreak of the war, it also caused some people to worry, because gold was hard currency during the war, so many people began to go to the Bank of China to exchange gold and silver, which soon caused a large loss of precious metal reserves in the Bank of China. The exchange rate of the Chinese dollar banknotes is based on the principle of pegging the US dollar in the early years, two Chinese yuan can be exchanged for one dollar, and silver and gold can be exchanged for silver and gold according to this ratio.

Although it is only the beginning, but still let the Bank of China and the Ministry of Finance see the risk of currency collapse, in order to prevent the collapse of the currency from the source, to prevent the outflow of a large number of precious metals, the Ministry of Finance finally made up its mind to truly implement the currency credit, and this decision was also fully supported by Chen Jingyun, in fact, the currency credit was proposed by Chen Jingyun himself, and the reason why Chen Jingyun supported the currency credit is also simple, that is, because this is the case in later generations, he just did it in advance.

The credit of the currency will certainly make the value of the currency fluctuate greatly, depreciation or appreciation are possible, and when all countries adopt the gold standard, the credit of the Chinese dollar banknote will also make the international rejection of the Chinese dollar banknote, the implementation of the indirect gold standard in these years Hua Yuan is the same as the US dollar, the Yuan pound and other currencies, are the same as the international circulation of hard currency, take the Chinese Yuan paper money to any branch of the Bank of China can be exchanged for gold.

In fact, the creditization of money will not affect international trade too much, what really affects the ordinary people, because the creditization of money means that the Ministry of Finance can issue as many banknotes as it wants, if it is during the war, the financial constraints, then the political axe can bear the cost of the war by directly issuing money, and directly plunder the wealth of the people through these currencies.

There is nothing more important than devaluing credit money to allow the political axe that controls the issuance of money to plunder more people's wealth.

The Ministry of Finance wants to implement the creditization of money, although Huaxia Bank and other major banks have the intention to oppose it, but in the face of the war, they can only complain psychologically and dare not have actual resistance, and the ordinary people will not realize the impact of currency creditization on themselves for a while and a half, anyway, this banknote has been used for more than ten years, and those gold and silver are rare in the market, so most ordinary people do not care, in fact, they can't care.

When the Ministry of Finance took advantage of the war to promote the long-planned creditization of money, it also injected new vitality into the already strained finance. The financial situation in 1923 was originally a little difficult, and the fiscal revenue was not even as good as the previous two years, but the financial expenditure was not reduced, and in the first half of the year, in order to prepare for the war in China, Zhuang Nan on the side of the Ministry of Finance had tried his best, so that he could support it, but now a big war broke out on the Russian side, although the main force of resistance was the Russian Defense Forces, but the Chinese troops stationed in Russia would also participate in the battle, and the war costs required were not small. This year, the Ministry of Finance has continuously issued treasury bonds worth as much as 10,000 yuan, and is preparing to issue a lump sum after the outbreak of the Sino-Russian War.

If this continues, the Treasury will not be able to come up with the money to support the war. Now that the currency has been credited, the Ministry of Finance is already planning to directly issue additional currency, and first solve the urgent need.

While the domestic economy, industry and commerce were in turmoil due to the war, in Korea, the Eighth Army, the Provisional First Corps and the Panzer Group had already rested for more than half a month and launched a large-scale southward offensive again.

The Soviet army's offensive put China in a two-front combat situation, to solve the difficult situation of two-front operations, the only way to solve the difficult situation of two-front combat is to end one of the wars first, compared with the Soviet army, which has millions of troops on the eastern front, the Yue army is obviously much easier to solve, in Korea the Japanese army has already been beaten and retreated, as long as the army works harder, it is not impossible to completely drive the Yue army out of Korea. As long as the Chinese army is driven out of Korea, then China will be able to free up some forces to reinforce the war on the Western Front.

In order to defeat the war as soon as possible and end the Sino-Chinese War, the Northeast Theater received a direct order from Chen Jingyun, asking the Northeast Theater to take Korea and Lushun.

In this context, the North Korean Eighth Army, the Provisional First Corps and the armored group launched a large-scale offensive again after resting for half a month, and this time the offensive did not take the armored group as the guide, but crossed the river from 20 kilometers north of Anju with the Eighth Army as the main force, and then forcibly opened the passage, the armored group was put into the battlefield, and directly drove all the way south with full horsepower. And using the rapid mobility of the armored group, he directly left behind the Eighth Army and the Provisional First Corps and even the Japanese Army in the rear.

On July 29, Zuo Yugang's armored cluster vanguard captured Shunchuan, 30 kilometers south of Akutagawa, and at this time, the main force of the Yue army was still in Valcheon and Anju on the Qingchuan River, and in order to cover the movement of the armored cluster, the Eighth Army and the Provisional First Corps carried out a containment attack on Valchuan and Anzhou respectively, so that the Yue army had nearly 100,000 troops on the front line but could not return in time.

On August 1, Zuo Yugang's armored group captured Pyongseong and headed straight for Pyongyang.

On the same day, the 10th Army, which was fighting in the mountains of northeastern Korea, successfully broke through the interception of the Japanese army and captured Wonsan, and then continued southward.

On August 3, the advance of Zuo Yugang's armored group reached the outskirts of Pyongyang, which was defended by only a mixed brigade, and engaged in a fierce confrontation with the Japanese army.