The Fourth Financial Crisis

Everyone knows that Head Xia has a good relationship with Head Lin. Even if Xia Qingyang was able to defeat the WTO forces within the sect and become the leader, it was inseparable from Lin Jianxing's support.

However, Xia Qingyang's comfort had no effect.

If Lin Jianxing could help Qingyun Sect solve its financial problems, he should have taken action decades ago. There is no need for Head Xia to wait until the sect's finances have been stretched to the limit before asking for help from his big backer. After all, everyone knows that a sect's financial problems are like a snowball. The longer it goes on, the bigger the trouble will be.

Therefore, everyone can almost conclude that Head Xia must have communicated with Liu Hanxing and Lin Jianxing in private, but it seems that this communication has not achieved substantial results.

This did not exceed everyone's expectations.

Due to hundreds of years of overdrafts and squandering by successive sect leaders, the Qingyun Sect has completely lost its blood-forming ability, leaving only an empty shell. Even excluding interest expenses, the annual regular expenditure is close to ten times the fiscal revenue. Above all, the debt has already accumulated into a Ponzi scheme.

Even if the Wuliang Sword Sect can help Qingyun Sect overcome this year's difficulties, Qingyun Sect will still come to Wuliang Sword Sect for help next year. If it does not inject billions of assets in one go, it will not be able to substantially reverse the financial situation of Qingyun Sect. Decline.

This is terrible.

Not to mention that the finances of the Wuliang Sword Sect are not controlled by Lin Jianxing, but are firmly controlled by Mo Yunlan. Even if Mo Yunlan is willing to come up with this money, and the Wuliang Sword Sect is also able to come up with this money, Zhongzhou Is there only one Qingyun Sect that needs financial assistance?

of course not!

As the saying goes, we don’t worry about scarcity but inequality.

If Lin Jianxing subsidized the Qingyun Sect but did not subsidize other sects of the sect, the heads of other sects of the sect would probably lead their own troops to the Wuliang Mountains to protest.

Moreover, even if the Qingyun Sect received a super aid package from the Wuliang Sword Sect, with this group of cultivators’ attitude of “I won’t care about the flood after I die,” they would definitely not be thinking about carefully planning the long-term development of the sect, but doing their best to provide Use your own cultivation resources to improve your longevity and realm first.

After all, the worldly sect is not like the worldly sect.

The four major families of worldly business trusts like the Haiya Family began to carry out family inheritance in the form of capital thousands of years ago. Even if Su Yuanfeng and Han Xinhe run out of longevity, the huge capital they control will still be passed on. Leave it to Su Cheng and Han Fu to continue their family legacy.

This is most obvious in Han Fulai.

The Han family in Haiya City has many branches and heirs. It is not that there are no other cultivators. However, Han Xinhe, who is about to run out of life, does not appoint the cultivators in the family as his successor, but chooses the mortal with the strongest management ability. Han Fu came as the next acting head of the family. Only Han Fulai, who has the strongest management ability, can grasp the strategic direction of the Han family. No matter how powerful the other cultivators are in personal combat, it is useless if they do not understand the way of management.

What's more, Han Fulai has made outstanding contributions in the war on the outlying islands, and with the full support of the Qingning Chamber of Commerce, he has long had a high prestige within the Haiya Sect. Even ordinary cultivators of the Haiya Sect hope that there is such a person who can help everyone. The head of Qian’s Han family.

Nowadays, everyone in the Haiya Department hopes that Han Fu will bravely shoulder the heavy responsibility, and there is a feeling that "if Han Fu doesn't come back, what will happen to the world?"

It is precisely because capital has replaced the realm of cultivation and has become the most important inheritance of the major families of the Haiya family. The Haiya family has a far longer-term view than ordinary sects in terms of financial and strategic planning. Not only does it not Fishing from the lake, and even deliberately releasing water to raise fish, ensures the economic vitality of the mortals at the bottom by deliberately transferring some of the benefits, while the Haiya system only firmly grasps the four pillar industries of overseas trade, tariffs, money laundering, and finance. Energy sources continue to draw water from Seacliff City's prosperous economy.

If traditional sects such as the Qingyun Sect regard mortals as slaves, then the Haiya Sect regards mortals as their own assets and will carefully calculate the long-term rate of return of this asset. This is why Su Yuanfeng was in Haiya City back then. When inviting Qu Jing, the elder of the Hanguang Sword Sect, to a banquet, he proudly introduced that the lights of thousands of families in Haiya City are the eternal foundation of the Haiya Sect!

In any case, the fact that Head Xia is still holding this kind of blame-shifting meeting at this moment instead of going to Wuliang Sword Sect for help can already explain the current situation of Qingyun Sect, so the elders still haven’t taken their eyes away from Huang Huaicai. .

Noticing everyone's glaring gazes, Huang Huaicai smiled bitterly and said: "Elders, Head Xia, don't you know how many assets we have sold off over the years? At every financial meeting, we are trying to find ways to sell off assets. Last year We even subcontracted Qingyun City's city entry tax and settlement tax to the Haiya Chamber of Commerce. If it hadn't been for the fact that all the profitable properties of the sect had been sold out, how could the Qingyun Sect's annual fiscal revenue be only a mere three hundred dollars? All Souls Stone Coin?"

As soon as these words came out, Xia Qingyang fell silent.

Finally, Elder Ma said: "Haven't Haiya Bank and Haiya Chamber of Commerce supported us over the years? Although we have stood by Leader Lin most of the time, we have never put pressure on the Haiya Sect. , and even had conflicts with the Haiya Sect’s mortal enemy, the Mountain Eagle Faction. As the saying goes, the enemy of an enemy is also a friend. Do you think you can think of a way to get some more loans from Haiya Bank?”

Elder Huang did not answer, but took out a loan contract from his storage bag, threw it to the other party, and said: "Elder Ma, Haiya Bank is a profit-making institution, not a charity! We have already owed money to various banks. With hundreds of millions of spirit stone coins, they can't even pay the interest on the debt owed to Haiya Bank, let alone provide decent collateral. Why should they go to Haiya Bank for a loan? Let alone continue to borrow money. They are now Thank God for not coming to us to sign that reciprocal agreement that would be humiliating and humiliating the country!"

Elder Ma couldn't help but mutter in a low voice: "This Haiya Sect is too disrespectful. I think when we were piloting the reform of the social security system in Zhongzhou, we even went against the wishes of Leader Lin and remained neutral, but they didn't know how to reciprocate... …”

However, no one spoke up to answer Elder Ma's words.

The reason is very simple. The Haiya Sect has already sent envoys to talk to the Qingyun Sect about this matter. If the Qingyun Sect chose to take the initiative to put pressure on the Haiya Sect, Haiya Bank would immediately declare Qingyun City to be in default. , deducting a huge amount of merit from the Qingyun Sect. The Qingyun Sect also maintained neutrality in order to avoid losing both sides.

Not only the Qingyun Sect, but also other sects of the world all owed money to Haiya Bank. This made Liu Hanxing and Zhu Ziming seem to be trapped in a dragnet, unable to find anyone who could help them. Cultivation power.

Seeing that no one agreed with his statement, Elder Ma could only cough twice to relieve his embarrassment, and then continued: "Since loans are not possible, let's sell some franchise certificates!"

Franchising is also a unique institutional invention of Qingyun Sect.

In the early days of the Great Exploration of Cultivation about two thousand years ago, the technology of civilian immortal formations achieved great development. All major cultivation sects realized the huge business opportunities behind this industry and began to support the local civilian immortal formation industry.

Franchise licensing was born in this context.

The Qingyun Sect has regulations that any chamber of commerce engaged in the civilian immortal array industry in the Qingyun City area can apply for a franchise license from the sect and does not need to pay taxes to the Qingyun Sect.

Although other cultivation sects have not issued similar certificates, they have carried out various forms of subsidies for the local civilian immortal array industry. In order to occupy the high ground of the civilian immortal array industry, the major overlord-level sects have also acquiesced in subsidies for their own vassal sects. behavior, which led to a serious surplus in the civilian immortal array industry in Kyushu's cultivation world.

Not only that, due to protectionist policies in various places, the civilian industry has also seen a lot of backward production capacity that cannot be eliminated.

To give the most typical example:

The main demand for civilian immortal arrays in the Kyushu cultivation world comes from ocean trade. Therefore, the chamber of commerce in Qingyun City that specializes in producing civilian immortal arrays needs to first transport the decks of ocean-going merchant ships to Qingyun City, which is located inland, and use various cultivation raw materials. After the formation was engraved, it was then transported thousands of miles back to the seaside for assembly, resulting in a huge waste of resources.

According to normal industrial development, such inland civilian fairy formation manufacturers should have been eliminated long ago, but it is because of Qingyun City's extremely favorable tax and subsidy policies that such manufacturers have never been able to clear out.

This business model is obviously very inefficient.

Fortunately, the Wuliang Sword Sect at that time was still controlled by monks from the World Sect.

Li Rui, the second president of the Lingshi Reserve Bank and a famous cultivation economist of the Wuliang Sword Sect, was keenly aware of the huge efficiency problems in this type of supply-side subsidies, so he issued a strict order prohibiting major vassal sects from privately issuing regional subsidies. policy, instead, the Wuliang Sword Sect uniformly subsidizes the demand side of the civilian immortal formation.

In other words, when the ocean-going trading fleet purchases the Zhongzhou Civilian Immortal Formation, the Wuliang Sword Sect will directly provide subsidies, but when the civilian Immortal Formation manufacturers produce the Immortal Formation, they cannot receive any subsidies. The effect of this demand-side subsidy is obviously better than Supply-side subsidies are stronger and avoid the problems of civilian subsidy fraud and the inability to eliminate backward production capacity.

Reasonable subsidy policies have greatly increased the efficiency of Zhongzhou's civilian immortal array industry. Since then, the civil immortal array industry cluster in Kyushu's cultivation world has gradually moved to the Haiya City area with superior geographical location and convenient logistics and transportation. It is said that now nearly half of the The civilian immortal formations carried by ocean-going merchant ships were all engraved in Haiya City.

Although the battle for the industrial highland of Jiuzhou Civilian Immortal Formation has come to an end, the franchise licenses left over from that era of big patchwork have not withdrawn from the stage of history.

After the Qingyun Sect launched the franchise license, a large number of cultivation chambers of commerce came to the inland Qingyun City to open civilian fairy formation workshops. However, the business of these cultivation chambers soon began to deteriorate. They were ostensibly operating The civilian fairy industry is actually illegally avoiding taxes under the guise of the civilian fairy industry. This is equivalent to using the franchise license as a tax-free license!

Because there were a large number of chambers of commerce and Qingyun Sect's insiders colluding with each other, this illegal tax avoidance business was not discovered by the belated and belated senior officials of Qingyun Sect until Wuliang Sword Sect issued a subsidy ban.

However, Qingyun Sect did not immediately ban this behavior.

The astute senior officials of Qingyun Sect keenly discovered that this kind of tax-free license can be directly used to sell money, thus making a large amount of cash. Moreover, various cultivation chambers of commerce are also flocking to this kind of tax-free license. Since the tax-free license is issued, they can just lie down. Collecting money, then why do you all work so hard to send disciples everywhere to check accounts and collect taxes?

Ever since, selling franchise licenses has become a special financing method of Qingyun Sect. Every time the Qingyun Sect's sect is short of money, it only needs to sell a few tax-free licenses to get a large amount of cash flow, and sell tax-free licenses. The huge benefits of the license once made Qingyun Sect one of the richest sects in Zhongzhou.

It's just that the business of killing the goose and laying the eggs has to come to an end.

Hearing Elder Ma mention the franchise license again, Huang Huaicai said in a mocking tone: "Today's franchise license has long been worthless! Which of the Cultivation Chamber of Commerce doing business in our Qingyun City does not have a franchise license? License? If you want to issue more franchise licenses, you can only issue them to those mortals!"

Elder Ma frowned and said, "Then just issue franchise licenses to mortals! Why not?"

Huang Huaicai laughed loudly and said: "Elder Ma has such a big idea! Issuing franchise licenses to mortals? Mortals have already tried their best if they want to live. Do they have the money to buy these things? Now Qingyun Sect has three hundred dollars per year The financial revenue from the Wanling Stone Coin has already been chopped off from mortals, do you still want to knock out their marrow?"

Seeing the two people arguing, the head of Xia Qingyang rubbed his temples and said: "How can the eggs be intact when the nest is overturned? You elders have gained a lot from the Qingyun Sect, so it's time to spit it out!"

All the elders fell silent when they heard that they had to cut their own flesh.

Not to mention that they are not willing to cut the flesh at all, even if they really want to lose money and avoid disaster, they can't spend much money, because a lot of the money they have made over the years has been consumed as cultivation resources.

However, under the pressure of Head Xia, some people still couldn't bear it.

Elder Ma, Sect Leader Xia's confidant, was the first to jump out and said, "I am willing to donate 30,000 yuan of spiritual stone coins to the sect!"

After someone takes the lead, it becomes inappropriate for other elders not to speak up:

"I am willing to donate 25,000 yuan in spiritual stone coins!"

"I am willing to donate 18,000 yuan in spiritual stone coins!"

"I'll donate 20,000 yuan in spiritual stone coins!"

After all the elders reported their lowest prices, Head Xia also knew that this was the limit of his little face, so he turned to look at Huang Huaicai and said: "As the head of Qingyun Sect, I can take We will spend 100,000 yuan of spiritual stone coins to enrich the sect’s finances, and now the more than 800,000 spiritual stone coins are enough for you to get through this year!”

Huang Huaicai cupped his hands and said in a deep voice: "Even if we can mount the paper this year, what about next year?"

As soon as these words came out, the expressions of all the elders changed.

It is already the limit for them to spend tens of thousands of spirit stone coins to break up their wealth and avoid disasters. If they spend tens of thousands of spirit stone coins every year to enrich the sect's finances, they, the elders of Qingyun Sect, will not have to be the elders.

After a long silence, Xia Qingyang said: "Let's fool around with this period first! I will go to Wuliang Sword Sect to find Lin Jianxing tomorrow. The Vassal Sect has such a big event, Lin Jianxing must give us an explanation!"

Huang Huaicai did not easily let go of this rare opportunity to force him to die in public, and continued to ask: "What if Lin Jianxing doesn't help us? Is it possible that we just sit back and wait for death?"

Xia Qingyang glanced at the elders who all had their own agendas, and said coldly: "If he doesn't help, then we'll all die together!"