Li Xin said to Zheng Miao: "Feeling at your expression, it seems that you have some understanding of the bank, so you can tell me!"

Zheng Miao was both excited and excited. In the eyes of these people, Li Xin was not the emperor, but also similar to the emperor. He was named by Li Xin today. This is Jian Zai’s heart and his capital. In the future, everyone among his colleagues will respect him a little.

For a moment, many people looked at Zheng Miao with envy.

Zheng Miao intended to show himself in front of Li Xin and said loudly: "Return to the Regent, I have heard that the Dutch established the Amsterdam Bank in the 37th year of Wanli to provide loans to industrial and commercial owners, and also lend money to the royal family to help the royal family raise war funds. It seems that it can issue coins, which is wider than the business scope of our money shop and should be much larger than the money shop."

"good!"

Li Xin nodded and said, "There was no longer the right time for the Ming Dynasty to emphasize agriculture and suppress commerce. The development of industry and commerce is a historical trend. Just look at Jiangnan and you will know that this is something that no one can stop me. I, Li Xin, should follow the trend and not be a sinner in history. In developing industry and commerce, money plays a very important role.

However, Qianpu's operations are scattered, lack supervision, and have poor risk resistance. Once something happens, it will be a big deal. Just like this, King Gui robbed the whole city with a pseudo-District, which is a man-made disaster. If you don't find a way, I don't know how many people will jump into the Qiantang River to commit suicide. The bank is large in scale and the operation is more standardized. Even if something happens in one place, you can quickly support others and go to difficulties together. So I want to organize everyone, set up a bank, borrow funds from industrial and commercial owners to help them develop."

"oh?"

The shopkeepers of more than a dozen Ningbo money shops immediately lit up their eyes.

One of the old men said in a trembling voice: "Regent, do you think this is true?"

A middle-aged man next to him said dissatisfiedly: "Old Mr. Hu, the Regent, can you coax you with a golden word?"

Li Xin smiled and said, "I have already made a plan. Let me tell you first. I hope you all will unite and raise some money. As capital, I will pay back the debts you owe outside. Of course, there is no good thing in the world to give away money for free. Our bandit army will use your debts to participate in shares and operate together. What do you think?"

"this……"

For a moment, the whole house was silent.

The nest of Ningbo Money House is in Ningbo. Although Hangzhou was robbed, there is still money in Ningbo. Once you get it, you can get some funds out. However, Li Xin has the shareholding. Is this bank official or private? Who has the final say?

What's more, more than a dozen money shops have joined forces and their shares are limited. Everyone knows that the Bangkok Army has confiscated their homes in the capital, raided their homes in Nanjing, and founded many companies. They are rich and powerful. Obviously, the Bangkok Army will become the largest shareholder. Who can beat him?

The joyful atmosphere during the meal disappeared, and everyone looked at me, and I looked at you, silent.

Li Xin was not in a hurry, so he picked up the teacup and tasted the tea.

Liu Rushi was next to Li Xin. Although she did not understand that financial power was the core power of a modern country and was no less important to the country than military power, she understood that this was a very important confrontation and could not help but look at everyone one by one.

Now she has a very clear view of people's hearts. From everyone's eyes, she saw many negative emotions such as dissatisfaction, deception, anger, regret, and unwillingness. No one showed even a little approval, and the pretty face was covered with a layer of frost.

In her understanding, Li Xin is doing his best to them without following the rules, but these people are not rude. What else can they say besides short-sighted?

Mr. Hu couldn't help it and bowed: "Regent, we have been operating money shops for many years. We have started money shop business since the Wanli period and have become familiar with the Southeast. Since the Regent mentioned that he had invested and everyone had money to make money, this is a good thing, but how many shares did the Regent want to occupy?"

Li Xin asked: "How much debt do you have in each of your families?"

After a while, Hu Lao said, "It's about 10 million taels of silver."

Li Xin said calmly: "It depends on how much money you can pay. The more you pay, the less shares I hold."

There was a murmur at the end.

At that time, Ningbo's money-making industry had just started and was far from reaching the height of the Ningbo Gang in the late Qing Dynasty and early Republic of China. Ten million taels of silver, even if more than a dozen companies were split equally, it was a heavy burden. Moreover, their money must be higher than Li Xin, otherwise the controlling rights would be obtained by Li Xin, and opening a bank would be equivalent to making wedding dresses for Li Xin.

Up to now, everyone understands that there is indeed no free lunch in the world. However, in business, Li Xin is not a good person, so it is understandable to take advantage of the situation. Some people even speculate that Li Xin has such strong financial resources and insists on holding them to start a joint venture bank, most of which are for people. After all, Li Xin’s subordinates have never been in contact with the money shop business.

This thought made me so scared!

Zheng Miao asked: "Regent, how to open a bank? Let's tell everyone about it so that everyone can know a little."

"good!"

Li Xin pressed his hands and said, "It is your own business to run a commercial bank, it is nothing more than low interest reserve absorption and high interest reserve release. There are some bill acceptance business, I won't say much, I will talk about the central bank now.

The central bank has the right to issue coins, and is responsible for the supervision and administrative management of ordinary commercial banks, and adjusts monetary policies in a timely manner according to market changes. However, commercial banks do not allow issuing bank notes and cannot mint coins. They can only provide customers with certificates of deposit or passbooks based on deposits. The latter two cannot be circulated as currency in the market and only undertake the function of maturity redemption.

In addition, all businesses must have sufficient capital and must pay a certain proportion of reserves to the central bank according to the deposit balance to control the risk of excessive lending. In the event of a run, they can request reserves from the central bank, and even provide credit endorsement from the central bank to overcome the difficulties."

"Boom!", and the meal exploded.

Li Xin’s meaning is very clear. First, a central bank will appear above the head of a commercial bank, and commercial banks cannot do whatever they want.

Secondly, silver notes are equivalent to privately issued currency circulating in the market, that is, privately own coins. At present, major bills and money shops in Ningbo area in the late Ming Dynasty had already issued their own silver notes, and even the money shops that were paid can be redeemed, that is, privately own coins.

Li Xin banned the circulation function of silver notes and prohibited private ownership of coins. He could only use the currency he issued in the market, similar to the Jiaozi and Daming Baochao in the Southern Song Dynasty.

The third is the central bank's management control over various commercial banks. Commercial banks will lose the pricing power of deposit and loan interest rates, and the pricing power benchmark will be controlled by the central bank.

Fourth, the reserves in the past were reserved by each bank consciously. No one knew how much to stay, and there was no unified regulation. However, it would not work in the future. The reserves must be handed over to the central bank. This part of the money is no longer controlled by itself. As long as the bank exists for one day, there must be reserves in the central bank.

Doesn’t this mean that if there is no bank run, the reserve will be permanently owned by the central bank?

Just like Sun Wukong, who is used to being free and suddenly being cursed by a tight spell, how could he bear it?

The owner of the Qianshou shop present also held the same idea. Although the central bank provided credit endorsement so that they had no worries, they had to hand over many core powers based on the possible risk of bank runs. No one wanted to, and no one was willing to!

Mr. Hu still bowed; "Regent, you probably have too many restrictions. Please forgive me for saying that this does not mean that our money shop has become a subordinate bank of the central bank? Until it is gradually controlled by the central bank? So what's the point of opening a money shop? Why not leave it all to the central bank to operate, do you think?"

"Is this your true thought?"

Li Xin looked at Mr. Hu and asked.

Ye Shihong, a shopkeeper of the Ye family, took it and said, "Regent, if there is a real run, we will recognize it ourselves, and you won't have to worry about it!"

Li Xin's face suddenly sank, saying, "You should bear the bankruptcy if you do not operate properly, but what should you do if the people who put the money in your money shop? Will their hard-earned money be gone for nothing in their lifetime? Who will bear the losses? Will you save money to lend you money and make money in the end you have to bear the losses for your improper operation, and the whole family's lifelong savings will be gone? What's the reason? Hum?"
Chapter completed!