In Molen's eyes, monopoly is a kind of unfair competition, while commercial activities encourage fair competition, so monopoly is naturally contrary to the rules of business operation. Since the legal department is used to regulate all people and affairs in the territory, it must naturally follow the principle of justice. Although financial monopoly can bring considerable profits to the government-affiliated banking sector, it will also suppress the development of other financial institutions. What is more serious is that it will conflict with Molun's efforts to establish a standardized and orderly economic order. Violate. Therefore, Molun categorically instructed the Northwest Tribunal, which acted on behalf of the Tribunal of the Western Xinjiang Protectorate, to rule that the Economic Development Administration’s decision not to issue a business license to the First Industrial and Commercial Bank of Xijiang violated the principle of reasonable commercial competition and ruled that the First Industrial and Commercial Bank of Xijiang Banks can open for business if all conditions are met. This is undoubtedly a slap in the face for James, who is determined to make Northwest Bank the largest financial institution in the entire Wufeng territory.
James immediately asked Xiao Tang to lodge a complaint with Wu Feng on behalf of the Government Affairs Office, asking Wu Feng to stop Morun's behavior of turning his elbows outward. However, Xiao Tang chose to remain silent, which also caused James and Xiao Tang to have an argument over government affairs for the first time. dispute. James even met with Wu Feng in person and asked Wu Feng to revoke the ruling of the Legal Affairs Office in the name of the Western Xinjiang Protectorate or the Northwest Military and Political Envoy, but Wu Feng finally chose not to interfere after a long discussion with Molun.
Although James was aggrieved by Wu Feng's decision, he had nothing to say. However, James was dissatisfied with Xiao Tang's weak performance as the Chief of Government Affairs. In the end, Xiao Tang, James, and Yang Zhengbin settled down after a day of discussion and negotiation. After much debate, we barely reached a consensus on this issue. The financial sector is a special sector, and supervision of private financial institutions should be strengthened in future management to prevent poor management from harming the interests of depositors. Of course, this is just a small episode in the development of Myanmar and has not affected the rapid development of Myanmar's economy.
In July, the surrounding forces were expanding their armies and preparing for war, which caused a large outflow of funds from Jiangnan. Situ Yuan was no longer able to control the entire situation in Jiangnan. With Liao Qichang's promotion, most of the large merchants in Jiangnan increased their efforts to transfer assets. , there is an endless stream of fleets and convoys from the Jiangnan prefectures through Anqing and Yueyang, and then to Guanxi and the south and northwestern parts of the country. Water transportation in particular is extremely busy. Not only is it the transfer of assets, but also a large number of goods such as tea making, silk weaving, etc. Skilled workers in papermaking and other industries also followed their owners to join the migration process. This phenomenon continued until late August. It is said that this was one of the main reasons that prompted Situ Tai to send troops early. No one was willing to take over an empty Jiangnan. , if this continues, maybe Jiangnan will really be left with only an empty shell.
Due to the influx of large amounts of capital and equipment from the south of the Yangtze River, the silk weaving industry in the Kansai region also prospered rapidly. Prefectures such as Hanzhong, Bashan, Lujiang, and especially Jincheng had a tradition of planting mulberry and raising sericulture. However, due to the capital and technology The reason is that it is far less developed than Jiangnan. Now a large amount of capital, technology and facilities have been transferred, which immediately caused an upsurge of Shangma silk weaving factories and workshops in the entire Kansai and northern Tiannan provinces. The high profits of silk made not only Only the Jiangnan businessmen were willing to invest, and the arrival of a large number of skilled workers also made the local businessmen in Kansai jealous and joined the ranks one after another.
Although officials in the northwest tried their best to absorb the funds transferred from Jiangnan in Kansai, Tiannan and Myanmar, the funds from Jiangnan were so abundant that a large amount of surplus funds had to be hoarded in the financial sector. Among institutions, financial institutions and businessmen who were originally worried about insufficient funds now hope for reliable investment projects. After receiving the news, the Northern Luzon Investment Group, the Western Region Investment Group and even the Tengger Investment Group immediately heard the news and came one after another. Kansai and Tiannan sought financing channels, which made the two parties hit it off. The Legal Affairs Agency once again clearly ruled in the form of a decree that the Government Affairs Administration's internal regulations that the so-called Tengger region and the countries in the Western Regions belong to special financial zones have no legal effect. Financial institutions must have After reaching the legal principal and margin reserve limit, you can enter any region to list for business, which also provides convenience for Jiangnan funds to enter the northwest backyard.
In this large-scale fund transfer, Liao Qichang acted as an extremely important guarantor and introducer. In view of his prestige in the entire Jiangnan region, and because he firmly stood on Li Wufeng's side, Jiangnan funds finally chose Li Wufeng’s control area was chosen as the destination for fund transfer, which is what the entire Western Xinjiang region needs most at present. Especially these funds come from the private sector, and the direction of investment is not as restricted as government funds. Most of them are invested in production. and reproduction channels. In Myanmar, Tengger, the Western Regions and other places that continue to invest funds to speed up development, these funds have played a huge role, which will play a vital role in the sustained and rapid economic development of these places in the next few years. The role it played was even highlighted in the economic history of the glorious empire. “This economic migration westward, which occurred in the summer of 698 AD, made a huge contribution to the balance of economic development in the east and west of the entire Tang territory.” ( Excerpted from page 122 of "History of Economic Development of the Glorious Empire"), and the contribution made by Liao Qichang, the most important governor of Jiangnan County in the Tanghe Empire, has also been recorded in history.
On August 23, 698 in the Chinese calendar, Situ Tai personally led three divisions of the Second Army to defeat the defense line built by the Seventh Army in Shaoxing, an important town in the north of Yuhang Prefecture. Two divisions of the Seventh Army were annihilated in this battle. At this time, the reinforcements from the Kingdom of Milan were still marching slowly between Quanzhou and Songjiang. On August 24, the 3rd Navy Fleet and the 1st and 2nd Navy Fleets, which originally belonged to the Imperial Navy, conducted the first water battle off the coast of Yuhang Port. The battle started with the 1st and 2nd Fleet controlled by Situ Tai. The victory of the military fleet coalition ended, announcing the beginning of the collapse of Situ Yuan's power in Jiangnan.
On August 25, Situ Tai, escorted by two divisions, stepped into Yuhang City, which is known as "Heaven above, Suzhou and Hangzhou below". At this time, the capital of Jiangnan County had become an undefended city. , due to the defeat of the land and sea armies, Situ Yuan has completely lost the ability to control Yuhang, the richest and most important palace in the empire, and can only watch helplessly as his elder brother's army takes over this prosperous place that was once his home base without bloodshed.
At the same time, the remnants of the Seventh Army and most of the Tenth Army also retreated to the front line of Songjiang to strengthen defense. However, the demoralized Jiangnan Army had completely collapsed in terms of will. From the East China Sea to Jiangnan, the continuous disastrous defeats had made They completely lost their fighting spirit. They could no longer face the menacing Second Army. They could only huddle on the Songjiang line, waiting for the arrival of Milan's reinforcements.
Standing at the head of the east city of Yuhang Prefecture, the oncoming river breeze already smells of the sea. The Qiantang River flows into the Atlantic Ocean from here. The trumpet-shaped estuary is where the world-famous "Qiantang Tide Watching" scenic spot is located. Every autumn , there are a lot of tourists here, bustling around the river mouth, waiting for the Qiantang tide to appear, and this has become the most lively place in the entire Yuhang Prefecture. Along the Qiantang River estuary to the east, if the weather is clear and the sight is good, you can vaguely see a series of island chains in the distance. There is the Zhoushan Islands, the imperial summer resort, and Mount Putuo is in the center of the island chain.
The cool river breeze stirred up the fluttering clothes. Situ Tai proudly put his hands behind his hands and looked into the distance. He saw vast expanse of blue waves and endless horizon, which made people feel suddenly at ease. The Yuhang Mansion, known as the first palace of the empire, has completely fallen into his hands. The poor Jiangnan Army is probably still huddled in Songjiang fearfully, waiting for his next attack. Lao Qi is afraid that he will hate himself. Bone marrow, but the struggle for imperial power has always been so cruel. I can only blame you for being born into an emperor's family.
"Old Leng, what should we do next?" He couldn't hide a proud smile on his lips. Situ Tai couldn't suppress his joy. Although he also knew that the battle in Jiangnan was far from over, a good beginning was often It is very important, and it also heralds a happy ending. The Jiangnan Army cannot stop its progress, and neither can the Milan people.
"Your Highness, it is only a matter of time that the Weiyang Mansion is recovered, but now the remnant of the Taiping has shown his interest in Huzhou and openly claimed that Huzhou is his sphere of influence. This needs attention. Huzhou is the most important grain-producing area in the south of the Yangtze River. Moisturized by the water of Taihu Lake, the lake area has not been greatly affected by the drought, and the grain is about to mature. If this guy takes Huzhou, we will suffer a lot of losses. In addition, the Milan army has entered Songjiang, so this battle cannot be fought. Avoid, only by thoroughly beating the Milan people in Songjiang will the Milan people's ambitions towards Jiangnan be curbed. Fortunately, His Highness the Sixth Prince also stabbed him from Jinhua, so the Milan people had to concentrate on taking care of the west. This is also objective The superior has given us a helping hand. As long as we defeat the Milanese in Songjiang, I think Jiangnan will be under our management sooner or later." The old man gently stroking the city wall smacked his lips with some care, "It's such a good place, even the mountains and rivers are soaked in it. With the essence of the empire, it’s no wonder that Jiangnan produces heroes, but it’s a pity that the weak folk customs make Jiangnan unsuitable for the baptism of war.”
"Old Leng, that guy Cheng Dayou is a smart man. I believe he can see the situation clearly. As long as we capture the other provinces in Jiangnan, I think he can surrender to us. His current actions are just to serve him more in the future. It's just a piece of weight, I don't believe he can compete with me with his entire palace!" Situ Tai curled his lips and said proudly.