It mainly records the history of the Later Zhou Dynasty during the Five Dynasties and Ten Kingdoms period, including the reforms and military actions during the establishment of the Later Zhou Dynasty by Guo Wei and the reign of Chai Rong. Chai Rong's reforms played an important role in promoting the economic and military development of the Later Zhou Dynasty. The development of the Later Zhou Dynasty laid the foundation for the unification of the Northern Song Dynasty. This part of the content is of great value for studying the history of the late Five Dynasties and Ten Kingdoms and the unification process of the Northern Song Dynasty.