There is no surplus in the Far East at present, but Roland is confident that the state will be able to completely reverse its financial situation within five years, and that the large piles of gold and silver in the treasury will have to cost the storage fee, which is not cost-effective, and of course a part of it will be used to lend money to earn interest.
However, domestic investment opportunities are limited after all, and the participation of state-owned assets in projects with high rates of return will inevitably squeeze out private capital, which is inevitably suspected of "competing with the people".
As a traveler from the 21st century on Earth, Roland believes that his vision will always find a few "gold mines" that have not yet been explored.
In addition to the "sovereign wealth investment fund", Roland also intends to set up a private "Kolas Family Investment Fund" to merge with the "Kolasjanbo Fund" and manage it himself.
The difference between the two funds lies in the "sovereign" and the "family", the former is a state-owned enterprise, the capital comes from the state treasury, theoretically all the people own shares, the investment losses are shared equally among the whole people, and the investment income is strictly used for infrastructure, public services and social welfare that can benefit the majority of Far Easterners; The latter was financed by Roland himself and his relatives and friends, and the proceeds were equally shared between him and his relatives and friends.
Roland manages the sovereign wealth fund on behalf of the people of the whole country, and publishes annual financial statements regardless of profit or loss, and major investment projects must be approved and authorized by the cabinet.
However, risk and reward are always inversely proportional, and not daring to take too much risk means not making a windfall, so Roland has set up a private fund in addition to the sovereign wealth fund, which only needs to be accountable to a limited number of funders without publishing financial reports, with greater investment freedom, a more aggressive style, and the ability to take risks.
As the crown prince of the Far East, Roland's father was the monarch of the country, and the private funds he managed inevitably borrowed public resources in the process of operation, and inevitably brought some "rent-seeking" colors, which is called "crony capitalism" in elegant terms.
But on the other hand, in a monarchy like the Far East, the private funds of the royal family are also not free from the official color, and when necessary, they can focus on the overall situation, and they would rather invest at a loss than resolutely safeguard the interests and honor of the country, while ordinary private financial institutions do not need to bear the above obligations.
Roland created the "Colas Family Fund" not only to make money or seek excitement, but also for two purposes that are inconvenient to disclose.
The first is to use the family fund as a platform for the transfer of benefits.
Rudolph rose to the throne by relying on the army, and in order to consolidate his power, he had to strengthen his control over the army and treat the old men who fought with him generously.
Roland once suggested that his father should establish an annuity system and pay allowances to middle and senior officers according to different military ranks, but the annual income of the royal family must also be included in the budget, and the royal family always pays to subsidize the officers, and the financial burden is too great, and sooner or later it will be dragged down.
One of the main purposes of Roland Rowland's establishment of the family fund is to subsidize annuity expenses through investment income.
Of course, there are also less glamorous businesses, such as giving away "fund beneficiary vouchers" to comfort cabinet ministers and thank them for their hard work in the country, which is actually a legal bribe.
There are also business tycoons, experts and scholars in the intellectual world, and influential pen sticks in the press, these celebrities are all the objects that Roland needs to woo, and frequent banquets and gifts and red envelopes are a recurrent expenditure, and they must also be squeezed out of the "cow" of the family fund.
To put it bluntly, the "Colas Family Investment Fund" founded by Roland is both an investment platform and a platform for sharing spoils, through which the purpose of uniting relatives and friends and attracting celebrities from all walks of life is achieved through this platform of equal interests and shared risks.
The second ulterior mission of the family fund is to engage in activities in the name of private institutions that are not suitable for direct official involvement.
For example, he invested in a small newspaper in the Yashan Empire that was about to go bankrupt, used the power of capital to influence the position of the newspaper, and spent a lot of money to invite public officials from enemy countries who boasted that they had "a clear conscience", "pursued the truth", and "still had a few hard bones", and published many articles for the Kolas government to "say two fair words", so as to reverse the prejudice of the imperial people against the Far East and encourage people to rise up against the imperial authorities' war against the Far East.
In the event of future political turmoil in the Empire, the intellectuals with a conscience and the people enlightened by them will still be potential revolutionary forces The "three policies" refer to Roland's plans to create three policy banks under the direct leadership of the central bank: the Agricultural Development Bank, the China Development Bank and the International Trade Bank.
The biggest difference between policy banks and commercial banks is that they are the right-hand men of the central bank, responsible for implementing the government's industrial policies and financing key national projects.
Roland has long recognized a truth: whether on earth or in Varess, bankers are snobbish people who love the rich and the poor, and when they rush to jump out of the icing on the cake, they are gone.
Most privately run commercial banks are keen to invest in projects with short cycles and quick results, rather than participating in projects with huge investment scale, slow results, high risks, and long payback periods, such as agricultural development and infrastructure construction such as roads and bridges.
However, for the state, these basic investments are indispensable, and private banks are reluctant to intervene, so they can only set up policy banks to finance these key projects that have a bearing on the national economy and people's livelihood, while the capital of policy banks mainly comes from state fiscal revenues, and taxpayers' money is used to repair bridges and roads, build water conservancy, reclaim wasteland, import new weapons and equipment to enhance national defense strength, and so on.
Roland has now initially built his "financial engine", with the central bank as the heart, the sovereign wealth fund and the family fund as the arms, and the three policy banks as the legs and feet.
Roland worked at No. 23 Financial Street until dusk, and finally completed the draft of the construction of the national financial institution, and the next "highlight" was the issuance of treasury bonds, which injected sufficient energy into the financial engine he personally created, and boosted the "troika" of agriculture, industry and commerce, and import and export trade in the Far East
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