Reborn Tang Emperor Li Chengqian

Chapter 310 Future Development of the Bank Newspaper Office

After summoning the envoys from all over the country, Li Chengqian summoned the head of the newspaper office and the head of the bank.

Inquire about the operation and development of newspaper offices and banks.

The person in charge of the newspaper is Yu Bo, a distant relative of Yu Zhining, and the person in charge of the bank is Li Kai, a relative of Li Tangzong.

"See Your Majesty!" When they came to Liangyi Hall, the two saluted Li Chengqian.

"Exemption! A seat!" Li Chengqian said.

"Thank you, Your Majesty!" The two thanked each other and sat down beside them.

"The main reason for calling you here this time is to ask how the newspapers and banks are doing now?"

"Yu Bo, tell me first, I want to hear about the situation of the newspaper office in the past year." Li Chengqian asked.

"No!" Yu Bo said, "In the 23rd year of Zhenguan, all the places that can be reached by fast horses in one day, and the states that can be reached by flying pigeons in one day, are publishing newspapers."

"In farther places, weekly, monthly, semi-annual, and even annual magazines are promoted. According to statistics, the internal profit of the newspaper office in the past year was seven-thirtieth of Datang's annual property and tax revenue."

"This is the account book of Zhenguan's 23 years of income and expenditure. Please have a look at it, Your Majesty." After Yu Bo finished speaking, he presented the prepared account book to Li Chengqian.

This is already the biggest achievement that the newspaper office can achieve. After all, in the ancient era when information transmission was based on walking and communication was basically based on shouting, it is already very good to be able to achieve this level!
Li Chengqian didn't pick it up, and said, "I don't want to read the account books. Now the newspaper has entered a bottleneck. It can't be limited to the inherent method, but it must be diversified."

"No!" Yu Bo replied, he also understands these, but he really has no idea how to do it.

Several editors and editors who are still in the newspaper office gathered together to discuss, and they already have a vague idea of ​​the future development direction. I believe that it will not take long before there will be a clear direction.

As for how to do it, he still needs to go back and have a meeting to study it. The next thing the newspaper office needs to do is to increase the performance by a few percentage points.

After asking the newspaper, now Li Chengqian asked about the bank, "Li Kai, you are in charge of the bank. What was the profit in the past year? What projects are there?"

"Your Majesty! Last year, the total profit of the bank was six-twentieth of Datang's annual tax revenue. Currently, there are only two items of savings and loans." Li Kai said.

"These are far from enough. In addition to borrowing and saving, starting this year, we must also promote wealth management products to earn more property." Li Chengqian said.

If the bank wants to develop better, in addition to lending and saving, this financial product is also a good way to make profits.

"No!" Li Kai cupped his hands and said, "Your Majesty! Please let your Majesty know how to use this so-called wealth management product."

Before that, Li Kai didn't even know what a bank was, let alone a wealth management product, which was unheard of.

"To put it simply, it is a product that allows customers to subscribe freely by depositing money in the bank. Anyone who buys this wealth management product will get a higher interest rate than depositing money within a specified period of time. "

"This is equivalent to the bank borrowing money from the people all over the world. You can think of it as a way for the bank to borrow money from the people all over the world." Li Chengqian said.

I am worried that they will not understand, so explain to him in this way, so that he should understand what financial products are.

Although it is wrong to explain it this way, it is the only way to explain it clearly to them.

Li Kai was taken aback for a moment. Now the bank deposits money from customers, lends it out, and charges interest on a monthly basis. This is the current bank business model.

But if you borrow money from all the people who come to the bank to save money, how will the interest be calculated?If it is too low, it will definitely not work. If it is too high, you will not be able to pay it back. The interest recovered from the loan alone may not be enough.

If someone with a heart takes the opportunity to make trouble, the entire banking system may collapse. It is impossible for His Majesty to be unaware of such harmful and unhelpful practices.

But why do you still have to do this? Is it possible that the treasury is empty now, and the urgent need for money is not enough, so this kind of thing is used to kill the chicken to get the eggs.

Li Kai could only think so in his heart.

"Your Majesty! I'm afraid it's not enough to borrow money from the bank to borrow money from everyone. I'm also worried that someone will take the opportunity to make trouble..." Li Kai summoned up his courage and said.

"Who told you that the money is to be lent to others to obtain benefits." Li Chengqian understood Li Kai's meaning.

Is not it?Li Kai was really puzzled, what else could there be besides this.

"Business transaction." Li Chengqian continued.

"Trade?" Li Kai asked puzzled.

"That's right, it's trade. My Tang Dynasty will form a huge caravan to conduct trade abroad through the Silk Road in the Western Regions and the Maritime Silk Road by water."

"The money borrowed from the people of the world will be used here. In addition to doing business abroad, caravans can also do business in China."

"We can open hotels, luxury goods, and perfumes to earn a lot of wealth, and this money is the money that people subscribe to for financial products."

"As for the interest rate! Naturally, it is higher than the interest rate of depositing money in a bank account, and lower than the interest rate of borrowing money. At the same time, it cannot be superimposed with the interest of savings." Li Chengqian explained.

This is the so-called fund-raising in later generations. Through fund-raising, it can control the financial market advantageously, manage and supervise according to law, absorb social and individual idle surplus funds, ensure the dynamic circulation of the financial system, and maintain the country's economic development.

After hearing this, Li Kai suddenly realized that this is a good way. The bank has many goods mortgaged by borrowers, but it is unable to repay the loaned money.

He originally planned to tell the emperor about these things to see how to deal with them. If there is trade, these things can be sold.

This is equivalent to a white wolf with empty gloves. The goods in the bank are traded in caravans to make profits, and they can buy so-called wealth management products through others, and they can get enough funds to operate trade.

It can be said that the Tang Empire can make trade bigger and stronger without spending a penny. Isn't this an empty hand and what is a white wolf?
This is simply a good thing that kills two birds with one stone. Naturally, Li Kai did not object, and hurriedly said: "Your Majesty is wise."

"The bank should have a backlog of goods. Selling these goods would be a fortune." Li Chengqian said.

"What Your Majesty said is that the bank has accumulated a large amount of gold, silver, and jade wares, as well as some goods, fields and houses," Li Kai said.

"These gold, silver, jade and houses can be sold or even auctioned, but the sale of this land is prohibited and it will be owned by the empire." Li Chengqian said, other things can be bought and sold, except the land.

(End of this chapter)