On January 6, 1657, the sun shone brightly.

In the past few days, Shao Yuanyi collected 2 accounts in Luohan Town, with a principal and interest of 102.8 yuan. At the same time, he also released 5 debts, with a total principal and interest of nearly 300 yuan. The business was still smooth. This is due to his extremely high popularity and good connections in West Lake and Luohan counties. Therefore, the bad debt rate of these private small-scale lending businesses is extremely low, and the returns are generally quite good, which undoubtedly led to the rapid increase in his Shao family property over the years.

In addition, Shao Yuanyi also earned nearly 100 yuan in profits from bill discount business (of course, small-scale, mainly from non-national labor workers who urgently needed cash), and earned dozens of yuan a year from invested stocks (Nantien stocks) and bonds. In addition to the dividends from Mucaoling Meat Products Factory, he is already a real rural big-name household. Even in a northern big city like Ping'an County, his net worth is definitely at the forefront.

However, as the saying goes, if you don’t advance, you will retreat. Shao Yuanyi’s career has developed to this point, and has basically reached a bottleneck period, especially the financial business he relies on to make a fortune. Even though he seems to be more prosperous in West Lake and Ping'an County, with familiar people, high reputation, and wide relations, the competition among private micro-loan business is also very fierce, and the market is so large (the East Coast people don’t need to borrow at this stage, and everyone’s wealth differences have not yet been opened up enough), it is very difficult to go further.

Therefore, in the past two years, Shao Yuanyi has been working hard to consolidate the existing Xihu County market, and at the same time, he has quietly entered Luohan County, where the financial industry has just been built, and its several trustee towns are Kaiyuan Fort located at the original site of Bare City, which was newly opened in the second half of this year, Yingtai Fort near Tangpedlitu, Pingyuan Township near Asegua City on the border of Bawu, and Xiaoqiu Township near the village of Minasdoamaqua. Both are Luohan County trustee towns that intend to occupy the market here first.

However, as the business scope becomes larger and larger, Shao Yuanyi's original rural family operation model (family + several part-time jobs) becomes increasingly out of date, and he becomes increasingly unable to do so when operating. If his business wants to break through the bottleneck and expand further, then turning into a regular bank to open a business outlet becomes an unavoidable hurdle. However, this is almost impossible on the East Coast today. The Executive Committee currently does not allow private banks to open money with the state.

So since we cannot open a bank, can we invest our funds in other aspects? The real economy is certainly a path. But in Shao Yuanyi's view, the financial industry also has potential to tap. For example, the recent proposal of several wealthy households in Luohan County to jointly establish an insurance company is not known whether this can be approved at the government level.

"Sun Man Wai, to be honest, I'm afraid there's nothing wrong with this fire insurance in Luohan County, right?" Sitting in the best two-story hotel in the county town (i.e. Luohan Town), Shao Yuanyi smiled while drinking local specialty fruit wine: "If you want to say that this insurance industry is also a new thing, and the court has not clearly prohibited people from doing business, it is indeed possible to do it. As far as I know, there are indeed some large-scale fire insurance businesses in the capital Dongfang County, Beidu Ping'an County and other places, but you must know that it is a popular and prosperous Tongdu Dayi, where materials and money are circulating at a very fast speed, so that there can be a slight market. Haha, this condition is not comparable to places like Luohan County and Xihu County. To be honest, can there be dozens of households insured in Luohan County a year when conducting fire insurance business in Luohan County? I don't know!"

Shao Yuanyi's words made "Sun Yuanwai" who started his business with fruit traffic, he was very hesitant. He was originally a bandit from the Yuyuan Army and had little knowledge. Fortunately, he had a long history of military service. After being assigned to Luohan County for many years, he was arranged to go to Luohan County to start a family with the fruit business under the care of his old superiors. However, when he was selling fruits to another place, he heard that it was very profitable to do insurance. So he was worried. This time, Shao Yuanyi came to Luohan County for a visit and promoted disease control knowledge. This person brought three or five friends to hold a banquet and asked Shao Yuanyi to talk about the business together. However, now it seems that the famous rich man Shao seemed not very interested in the fire insurance they proposed.

"Of course, it's not right to say that insurance doesn't make money." After eating two bites of food, Shao Yuanyi suddenly changed his mind and said: "I had something to do to Qingdao Port a few days ago. I was fortunate to learn about the operating conditions of the East Coast Insurance Company and the Central Insurance Company (both state-owned enterprises directly under the Government Council) that were newly established, and found that the marine insurance business they launched was still very good. Many ship owners who went to sea like to buy insurance for their ships and goods there so that their ships will not lose all their money when unfortunately encountering storms, pirates or wars, not to mention that the ships of the South China Sea Fisheries Company and the South China Sea Transportation Company will be forced to purchase marine commercial insurance before going to sea. According to the personnel of the Dongbao and China Insurance Company, buying a marine commercial insurance will make your profit curve more stable, and it will not rise or fall. This is very beneficial for long-term business."

"And, I heard that the court is now interested in encouraging private entry into the maritime insurance industry, because it is very beneficial to promoting the country's shipping industry. Merchants will no longer be so afraid when facing the ever-changing sea. The less their concerns, the stronger the impulse to invest in the maritime transportation industry. This is undoubtedly a measure to greatly enhance national strength." Shao Yuanyi put down his wine glass and turned his face, which was a little red due to drinking fruit wine, and said with a smile: "So, insurance can be done, but not a future.

Unknown fire insurance or accident insurance (this type is launched by the central insurance company, and is currently sold on a small scale among train or ship passengers), but a marine commercial insurance with extremely high profits and a large risk, and nothing else is in trouble. If you believe me, you can go to Ping'an, Dongfang, Zhenhai, Qingdao and other big cities, and conduct on-site inspections or inquiries to see if it is better to do marine commercial insurance or other insurances. In short, you can't find any good things about staying in Luohan County."

Shao Yuanyi knew that with the increasing relationship between the East Coast and the Netherlands, the scale of commodity exports on the East Coast has also expanded, and accordingly, higher requirements have been put forward for the ocean transportation industry. Now, major shipyards in China have been driving at full capacity to build various new ships. This has led to a lot of surplus private capital entering the shipping industry. The messenger liner company, where Captain Ventura, has successfully completed two rounds of financing of A and B (total of more than 60,000 yuan), and has placed an order to order seven 650-ton flute-type transport ships. It seems that they are preparing to roll up their sleeves and do a big fight.

The rapid increase in the number of ships naturally provides fertile soil for marine insurance. After all, in this era when ocean navigation is still high-risk, buying an insurance for your ship before leaving the port is a bit expensive, but it is not uncomprehensible to win. And after years of market cultivation, the East Coast marine commercial insurance business has been initially matured and the profits are still quite good. The two insurance giants, Dongbao and China Insurance, came into being at this time.

Compared with the government's ban on private banking, their control over the insurance industry is relatively relaxed. The current encouragement of private entry into the field of maritime commercial insurance is proof of this. Perhaps this has further stimulated the development of the domestic shipping industry, but it is undeniable that this market is indeed open to the whole society, and some people have entered. As of the end of 1656, only 5 of the 13 private enterprises entering maritime commercial insurance went bankrupt, 5 were basically balanced, and there were three others who had achieved great development, and their assets were almost on a geometric scale. The owners of the company became stars in the Qingdao financial market and were very glorious for a while.

"Everyone, I understand the meaning of this fire insurance. At least in Luohan County, Xihu County has no problem. If you play in your spare time, it would be fine. If you invest a lot of energy into your life, I think it's not worth it." Shao Yuanyi seemed to drink a lot today, so he spoke more bluntly. He continued: "If you really want to do insurance, it's better to do maritime commercial insurance. This is the most mature and largest insurance type in the market. If you are lucky, the profit will be quite generous. I won't hide it from you. A few friends have invited me a few days ago.

I went to Qingdao Port to start an insurance company together. I refused because I didn't want to make too much trouble, but I couldn't help but persuade them again and again. Therefore, I planned to raise a huge amount of 3,000 yuan to invest in it. It was a fight to see what my luck is. Well, thanks to all my lords Gao Yi, I, Shao, is very caring for doing business in Luohan County. If you also want to invest in marine commercial insurance, I can make a connection and build a bridge. Anyway, the company has not completed its final financing yet. There are no more 3,000 or 5,000, and no less 100 or 200. As long as you subscribe to the shares, everyone will be shareholders. What do you think?"
Chapter completed!