Rebirth of Wu Ba Spring and Autumn

Chapter 953
There are two outstanding economists in the state of Wu, one is Ji Ran and the other is Fan Li, and the relationship between the two is a master-student relationship.

Not to mention Ji Ran, Fan Li retreated bravely after becoming famous in history, changed his name and surname to Chi Yi Zi Pi, and roamed among the 72 peaks.

During this period, he became rich by doing business three times, and scattered his family wealth three times.

After Fan Li passed away, he was gradually revered as the God of Wealth, the Sage of Shang, and the Patriarch of Shang by later generations. Many businessmen enshrined his statues and portraits...

Qingji often listened to Ji Ran and Fan Li's opinions on Wu's economic affairs.

To be honest, Qingji is more inclined to worship Fan Li as the grand master and take charge of state affairs.

It's just that Fan Li wanted to perfect the language of his close friends, so he deliberately refused to accept it.

Official Fan Li is the imperial censor, one of the three lords, and he is at the level of a minister. He is an extremely personable minister, so why should he be the Taizai?
"Your Majesty, I have something to announce!"

Fan Li stood up with a wat in his hand.

"please say."

"I have recently visited the people and found that Li Shu has a lot of troubles. For example, money is kept at home, and occasionally it is stolen or left behind. Merchants are doing business, or Li Shu goes to relatives. They often bring a lot of money, which is very inconvenient."

After a pause, Fan Li said again: "Thanks to our Great Wu's great governance of the people's livelihood, although there are no robbers who kill people and steal goods on this road, there are also no cheating and abducting things. The road does not pick up lost things, but it is inconvenient after all."

"Furthermore, for lending, people who want to do business, or merchants who want to become big, have no capital, so they can only spend a few years, or even more than ten years, starting from scratch and accumulating assets."

"There are moneylenders and pawnshops among the people, and they are very popular, often entrapping Li Shu, making people deceived, or burdened with heavy debts."

"What's more, Li Shu hides his wealth in his family, money can't make money, can't keep up with the changes of current events, and his family's money may depreciate... This is what the people of the country are worried about."

"In view of this, I think that my great Wu can set up a bank, so that the people can deposit money in the bank, and only take it out when it is needed."

"Anyone who deposits money in the bank will be given a receipt. The money deposited in the bank can earn interest."

"According to different years, different levels of interest are given. For example, the interest for depositing for one year is [-]%, the interest for depositing for two years is [-]%, and the interest for depositing for three years is [-]%."

"In the future, using 20% interest as the standard, the interest for five years, ten years, and [-] years will all be [-]%!"

"In order to prevent Li Shu from being unable to repay the loan, the bank needs to send someone to decide how much to lend according to Li Shu's personal property."

"good."

Qing Ji nodded slightly, expressing his agreement.

In fact, Qingji had discussed this matter with Ji Ran and Fan Li, and had a specific plan, which was just waiting to be implemented.

Qianzhuang is equivalent to a modern bank.

In ancient times, the long-standing diversified currency system and the mixed circulation of multiple currencies made currency exchange already exist in the Spring and Autumn Period and Warring States Period.

The exchange business began to appear in the Western Han Dynasty and developed in the Tang and Song Dynasties. It began to be operated concurrently by gold and silver shops and cabinet shops.

In the Yuan and early Ming Dynasties, the government wanted to issue banknotes exclusively, but the folks still used silver ingots and copper coins. Silver, money, and banknotes were three products in parallel, and various public and private institutions were also engaged in exchange business.

The savings interest rate proposed by Fan Li is still very high.

You should know that the postal bank deposit interest rate in later generations: the interest rate of deposits for one year is 1.78%, the interest rate of deposits for two years is 2.25%, and the interest rate of deposits for three years and above is 2.75%.

Compared with this, Wu's bank is definitely really benefiting people's livelihood.

"My lord, the bank can also act as a pawn shop. Anyone who wants to pawn valuable items can go to the bank to exchange."

"However, a certain custody fee is charged for the pawned item, which is based on the interest rate of the deposit. If the original owner of the item does not return after a certain period of time, the item will automatically belong to the bank."

"good."

This is very beneficial to the bank.

After all, the money that can be exchanged for the pawned items must be greatly reduced.

In order to prevent holes, the bank must send professionals to identify them.

Moreover, a contract must be drawn up and confirmed after signing and depositing before it can officially take effect.

Fan Li said again: "My lord, the bank can halve the exchange business. Gold can be exchanged for five baht coins, and five baht coins can be exchanged for gold. The bank can charge a certain handling fee."

"It's the same as depositors who want to withdraw money. Exchangers have to pay one-thousandth of the handling fee. If the withdrawal is less than [-] Wen, there is no charge."

"In addition, the bank can also run loan business at the same time."

"According to different time limits, the borrower has to return the money to the bank with the principal and interest."

"If you borrow for half a year to one year, the interest rate is 5.00 percent; if you borrow for one to two years, the interest rate is [-] percent; if you borrow for more than two years, the interest rate is [-] percent!"

"good."

This is quite reasonable.

After all, the interest on lending is not much, how can the operation of the bank be maintained?
How can it generate additional revenue for the treasury?
Deposits, savings, lending, and pawning are the basic functions of the Wu State Bank.

After looking around for a week, Qingji looked at the officials above the court, and said slowly: "Second and third sons, from now on, the bank will be established and nationalized, and will be placed under the rule of Zhisu Neishi."

"As for lending and pawning, it is forbidden for folks to make a living from it. If anyone finds out, they will be severely punished. All property will be confiscated and the whole family will be exiled!"

Qingji still hates private lending and pawning.

Today, Wu's business is so developed that it has spawned some despicable businesses.

For example, pawnshops, and some merchants, rich landowners and even nobles lend usury.

This caused many Li and Shu to suffer, and even their families were destroyed.

However, due to written evidence, the people of the country have nowhere to sue, and the government has nothing to do with them.

With the emergence of banks, corresponding legal provisions will also emerge as the times require.

"Wen Zhong, Zeng Dian."

"Chen is here!"

Prime Minister Zuo Wen Zhong and Zhi Su Nei Shi Zeng who were named stood up.

"The establishment of the bank is entirely in the hands of you. First test it in Chang'an County, and gradually promote it to the whole country after three months. Make sure that every county has at least one bank."

"The bank is under the jurisdiction of Zhisu Neishi, which is different from the local government. A complete operating system must be established. The local government has no right to interfere in any affairs of the bank."

"promise!"

The establishment of the bank is for the convenience of the people of the country.

As for the benefits that the national finance can get from it, Qingji doesn't pay much attention to it.

If it weren't for the fact that there is no sophisticated anti-counterfeiting technology in this era, and the timing is not yet ripe, Qing Ji would even have wanted to release the bank notes.

In the original history, silver bills were freely issued by merchants.

The depositor delivers the cash to the store, and the store temporarily fills in the amount of cash deposited by the depositor on the scroll made of mulberry paper, and then returns it to the depositor. When the depositor withdraws the cash, the store will pay 30 Wen in interest every time. , pay a 3% storage fee.

This kind of Chu paper coupon with the deposit amount temporarily filled is called a bank note.”

At this time, the bank note is only a deposit and withdrawal certificate, not currency.

With the development of the commodity economy, the use of "banknotes" has become more and more widespread. Many merchants jointly established banknote shops specializing in the issuance and exchange of "Jiaozi", and set up banknote shops in various places.

Because the banknote shopkeepers kept their promises and took them at any time, the printed banknotes were exquisite in design, with hidden marks, black and red, and handwritten words, so it was difficult for others to forge, so the banknotes won a high reputation.

For large transactions between merchants, in order to avoid the trouble of coin handling, there are more and more cases of paying directly with bank notes that can be turned into cash at any time.

It is in the process of repeated circulation that banknotes gradually acquire the character of credit currency.

So they began to print banknotes with uniform denomination and format, and issued them to the market as a new means of circulation.

This kind of silver bill is already a symbol of coinage, and it really becomes a silver bill.

The celebration of Jiji will not be accomplished overnight. I want to give the people of the country some time to adapt, and only after step-by-step will the bank notes be produced, so that the bank notes will be widely circulated with the bank.

People in this era are still very particular about honesty.

Loyalty, filial piety, benevolence, wisdom, propriety, righteousness, and faith are the marks engraved in the bones of Chinese people.

The most exemplary person of sincerity is none other than Qingji's uncle Jizha...

Therefore, Qingji doesn't have to worry about someone daring to forge bank notes and will forge bank notes.

Because counterfeiting bank notes is a relatively difficult thing in itself.

The corresponding anti-counterfeiting technology can also be developed by Wu Guo.

The establishment of the bank is also a means for Qingji to bind the people of the country.

Why?

The wealth of the country is concentrated in the bank.

One day, if the state of Wu is on the verge of collapse and the country is in chaos, the currency system will definitely collapse.

Until then, where will the people of the country go?

Either find ways to help Wu Guo tide over the difficulties, help the building to collapse, and turn the tide from falling.

Or simply be willing to cut yourself to pieces and dare to pull the emperor off his horse.

Because, at such a time of crisis, the state of Wu will definitely use the money in the bank as military expenses...

It's like a person who owes a few trillions to the bank, how dare you let him hang up?

He is alive, maybe he can pay back the money in the future, and everything will be wiped out when he dies.

The truth is that.

Qingji had good intentions (bad intentions) in setting up the bank.

At least, if the wealth of the people of the country can be concentrated in the bank, Wu will be able to rely on the money in the bank to make money, and can continue to wage wars abroad. After wealth is plundered, the money will be returned to the bank.

This is a virtuous circle.

From now on, Wu Guo will never worry about running out of money.

Of course, the premise is that the hole can be filled, otherwise it will be a vicious circle.

All in all, the existence of Qianzhuang is a "double-edged sword" for Wu Guo.

During Qingji's lifetime, he would basically not use the money in the bank——

No need.

It's hard to say who will be the king of later generations, but Qingji has already helped them bind the people of the country.

As for whether the countries will follow the example of Wu and set up banks, this is not something Qingji has to consider.

Qi, Song, Lu, Wei, Yan and other vassal states are now lingering, like a grasshopper after autumn, it will not take long to jump, who dares to deposit money?

That will most likely be in vain.

Li Shu is not a fool to be fooled easily.

It is impossible to set up a bank without sufficient credibility.

(End of this chapter)