In Moron's eyes, monopoly is an 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 naturally must follow the principle of justice. Although financial monopoly can bring considerable profits to the banking department affiliated to the government, it will also suppress the development of other financial institutions. What is more serious is that it will contradict Moron's idea of ​​trying to establish a standardized and orderly economic order. Therefore, Moron flatly instructed the Northwest Review Court, which acted on behalf of the Xijiang Protectorate's Office, to rule that the Economic Development Agency's decision not to issue a business license to the First Industrial and Commercial Bank of Xijiang violated the principle of reasonable competition in business and ruled that the First Industrial and Commercial Bank of Xijiang could open its doors when meeting all conditions. This undoubtedly gave James, who was determined to make the Northwest Business Bank the largest financial institution in the entire Wufeng Territory, gave a loud slap in the face.

James immediately asked Xiao Tang to make an argument to Wufeng on behalf of the Government Affairs Office, asking Wufeng to stop Moron's behavior of turning his elbow outward, but Xiao Tang chose to remain silent, which also led to the first dispute between James and Xiao Tang over government affairs. James even met Wufeng in person and asked Wufeng to revoke the Legal Affairs Office's ruling in the name of the Western Frontier Protectorate or the Northwest Military and Political Military Control Commissioner, but Wufeng finally chose not to interfere after a long talk with Moron.

Although James was indignant about Wufeng's decision, he had nothing to say. However, James was dissatisfied with Xiao Tang, who was the Director of Government, so weak. In the end, Xiao Tang, James and Yang Zhengbin were reluctant to reach an agreement on this issue after a day of discussion and debate. The financial department is a special department, and the supervision of private financial institutions should be strengthened in future management to prevent situations that harm the interests of depositors due to poor management. 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 expanded their armies to prepare for war, which caused a large amount of capital outflow in Jiangnan. Situ Yuan could no longer control the entire Jiangnan situation. With the help of Liao Qichang, most large merchants in Jiangnan increased their efforts to transfer assets, and flew and convoys from Jiangnan through Anqing, Yueyang, and then entered Guanxi and northwest. In particular, water transportation was even more busy. Not only did the asset transfer, but a large number of technical workers from tea making, silk weaving, papermaking and other industries also joined the migration ranks with their owners. This phenomenon continued until late August. It is said that this was one of the main reasons that prompted Situ Tai to send troops in advance. No one was willing to accept an empty Jiangnan. If this continued, perhaps Jiangnan would be left with only an empty shell.

Due to the influx of large amount of funds and equipment in Jiangnan, the silk weaving industry in Kansai area also flourished rapidly. Originally, like Hanzhong, Bashan, Lujiang, and Jincheng Zhufu, there was a tradition of planting mulberry and silkworms. However, due to capital and technical reasons, it was far less developed than Jiangnan. Now a large amount of capital, technology and facilities have been transferred, which immediately caused a craze for Shangma Silk Weaving Factory and Workshop in the entire Kansai and the north and south. The high profits of silk made not only Jiangnan merchants willing to invest, but the arrival of a large number of skilled workers also made the local merchants in Kansai very jealous and joined this ranks.

Although the officials in the northwest tried their best to digest the funds transferred from Jiangnan in Kansai, Tiannan and Myanmar, the funds from Jiangnan were too abundant, so that a large amount of surplus funds had to be hoarded in financial institutions. Financial institutions and merchants who were worried about insufficient funds now hope to have reliable investment projects. The Northern Luzon Investment Group, the Western Region Investment Group and even the Tenggeri Investment Group, which received the news, immediately came to Kansai and Tiannan to seek financing channels, which made the two sides hit it off. The Legal Affairs Office once again clearly ruled in the form of a legal decree that the so-called Tenggeri region and the Western Region countries belong to the financial special management zone and have no legal effect. Financial institutions can enter any area for listing business after having the statutory principal and margin reserves, which also provides convenience for Jiangnan funds to enter the northwest backyard.

In this major transfer of funds, Liao Qichang acted as an extremely important guarantor and introducer. Given his prestige in the entire Jiangnan region and because he firmly stood on Li Wufeng's side, Jiangnan funds finally chose the area controlled by Li Wufeng as the destination for capital transfer. This is exactly what the entire Xijiang region needs most at present, especially since these funds are 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. Continue to invest funds to accelerate development

These funds have played a huge role in the Myanmar, Tengger, Western Regions and other places, which have played a crucial role in the continuous and rapid economic development of the places in the next few years. Their role has even been widely written in the economic history of the Brilliant Empire. "This economic migration that occurred in the summer of 698 in the Gregorian Gregorian zone made a huge contribution to the balance of economic development in the eastern and western regions of the Tang Dynasty." (Excerpted from "History of Economic Development of the Brilliant Empire" page 122), and the contribution made by Liao Qichang, the county magistrate of Jiangnan County of the Tang River Empire, has also been recorded in history.

On August 23, 698, the mainland Gregorian calendar, Situ Tai personally led three divisions of the Second Legion to defeat the defense line built by the Seventh Legion in Shaoxing, an important town in the northern part of Yuhang Prefecture. Two divisions of the Seventh Legion were annihilated in this battle. At this time, the reinforcements of the Kingdom of Milan were still slowly advancing between Quanzhou and Songjiang. On August 24, the Third Water Fleet and the First Second Water Fleet coalition, which were originally part of the Imperial Navy, held the first water battle outside the Yuhang Prefecture port. The battle ended with the victory of the First Second Water Fleet coalition controlled by Situ Tai, which announced the beginning of the collapse of Situ Yuan's power in Jiangnan.

On August 25, Situ Tai, escorted by two divisions, stepped into the Yuhang Prefecture City, which was known as "there is heaven above and Suzhou and Hangzhou below". At this time, the capital of Jiangnan County had become an unguarded city. Due to the defeat of the water and land armies, Situ Yuan had completely lost the ability to control the most prosperous and important mansion of Yuhang, the most prosperous mansion in the empire. He could only watch his elder brother's army take over this prosperous city that was once his old nest without bloodshed.

At the same time, the remnants of the Seventh Army and most of the 10th Army also retreated to the Songjiang line to strengthen defense, but the low-spirited Jiangnan army had completely collapsed in their will. From the East China Sea to Jiangnan, the continuous defeats had completely lost their fighting spirit. They could no longer face the fierce Second Army, and could only hide on the Songjiang line, waiting for the arrival of Milan reinforcements.

Standing at the east end of Yuhang Prefecture, the oncoming river breeze has already faintly smelled of the sea. The Qiantang River flows into the East Ocean from here. The trumpet-shaped estuary is the place where the world-famous "Qiantang Tide Watching" scenic spot. Every autumn, there are many tourists and bustling around the estuary to wait for the Qiantang Tide to appear. This place becomes the most lively place in Yuhang Prefecture. Go east along the Qiantang River mouth, 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 imperial royal summer resort - Zhoushan Islands, and Putuo Mountain is in the center of the island chain.

The cool river breeze swept with its floating clothes, Situ Tai proudly looked away with his hands behind his back, with a vast blue wave and endless view, which made people feel refreshed. Yuhang Mansion, known as the first imperial palace, has completely fallen into his hands. The poor Jiangnan Army is probably still trembling in Songjiang, waiting for his next attack. Lao Qi is afraid that he has hated himself to his bones at this time, but the battle for imperial power has always been so cruel, so the only thing that can be blamed for being born in the imperial family.

"Old Leng, what should we do next?" A smug smile could not be hidden from the corner of his mouth. Situ Tai could not suppress his joy. Although he knew that the Jiangnan dispute was far from over, a good start was often very important and also a long indicates a perfect ending. The Jiangnan army could not stop his progress, and the Milanese people were not good either.

"Your Highness, it will be a matter of time before Weiyang Mansion is recovered, but now the remnant of Taiping has shown interest in Huzhou and openly clamored that Huzhou is his sphere of influence, which needs to be paid attention to. Huzhou is the most important grain-producing area in Jiangnan. It is nourished by Taihu Lake. The lake area is a hundred miles apart and has not been affected by drought. The ripening of grain is imminent. If this guy takes Huzhou, we will suffer a lot. In addition, Milan troops have entered Songjiang, and this battle is inevitable. Only in Songjiang, the rice is completely taken away in Songjiang.

Only when the Lan people were hurt would they curb the Milanese ambitions for Jiangnan. Fortunately, the Sixth Prince also stabbed him from Jinhua. The Milanese had to be distracted to take care of the west side, which also objectively helped us. As long as the Milanese people in Songjiang crossed, I think Jiangnan will be included in our management sooner or later." The old man who gently stroked the city walls and smacked his lips with some care, "It's such a good place. Even the mountains and rivers are soaked in the essence of the empire. No wonder Jiangnan has a hero. It's a pity that the weak folk customs make Jiangnan not suitable for the baptism of war."
Chapter completed!