Chapter 1013

Xuchang is a person with agile mind, and he speaks clearly. After these days of interaction, most people are led by him, which is enough to be seen. At least in terms of socializing and talent, this person should be considered the best among these fifteen people.

Even though the three brothers from the Imperial Academy were uncomfortable with this guy's quick answer, they all showed their consent after hearing his words.

"Well, Mr. Xu is right. In fact, when you come here, the industry you need to engage in is a brand new industry. Although it belongs to the court, it does not belong to the government agency."

"Don't belong to the government agency? But it's directly belonging to the court?" Bao Ben, among the Imperial Academy trio, couldn't help but widen his eyes and said curiously.

The remaining fourteen people also looked very confused, and they seemed to be unable to understand what the old driver Wang Yang meant.

"Everyone, please take a look at this information first..." At this time, Wan Bin, who was squatting beside Wang Yang, finally appeared, took out more than ten thick drafts of the Song Dynasty Financial Law, as well as the planning letters of the China Banking Regulatory Commission and the bank, and distributed them to the fifteen young officials present.

"You can read it slowly here or discuss it. If you have anything you don't understand, you can also consult me. However, I still think it would be better for you to read all the information you handed to you first, and then ask questions."

Following Wang Yang's orders, the fifteen young officials began to read the information in detail. Sure enough, when they understood the contents, everyone showed a shocked expression on their faces.

"I handed these things over to them so early, would it be..." He threw these guys away and read the materials by the iron stove. Wan Bin pulled Wang Yang to the other side of the house, sat down and whispered.

"It's okay, these things will be seen sooner or later. Moreover, they have been selected by His Majesty. Everyone can be regarded as talented people with excellent character and academic performance. I believe they will definitely have the ambition to do a career."

"Although this financial industry is not an official institution, what they learn is not the Four Books and Five Classics, but the Miscellaneous Arithmetics. When they come to a financial institution, they are really considered to be full of their uses and their talents."

After Xuchang and others first came into contact with these materials, their first idea was novelty, and their second idea was shock.

Unexpectedly, Wang Yang and His Majesty were going to do big things, even now, they would only be trialed on Shaanxi North Road. But what if the trial was successful? Then it would be inevitable to promote it to the whole country.

Although this financial institution does not belong to the government, the local government cannot regard financial institutions as a territory where they can intervene.

Just like what Lord Wang wrote in the information, professional things must be done by professionals to eliminate the possibility of the government interfering. At the same time, they must be subject to dual supervision by the government and the Song Dynasty supervision system to prevent corruption within the financial system.

It has to be admitted that Wang Yang and Wang Wushan are worthy of being a pillar of the world. Such bold ideas and creativity not only solved the problem of people having nowhere to borrow in the past, but also eliminated illegal usury among the people to the greatest extent.

However, they still had many questions, but they remembered Wang Yang’s previous explanation, and after reading the information, they began to ask Wang Yang for advice.

Wang Yang naturally would not be stingy, listened carefully to their doubts, and gave detailed answers to their questions one by one.

"Mr. Wang, I think that if the Preparatory Committee for the Song Dynasty's Financial Institutions can really be achieved, it will benefit the country and the people. But what do we need to do?"

"Of course there are a lot of work that you need to do here. For example, in the financial system, there must be a supervision agency of the China Banking Regulatory Commission. In addition, there is also a financial reserve agency, both of which are state-owned."

"After all, when establishing a bank, they need to pay bank reserves. The so-called bank reserves mean that at the beginning of the establishment of a bank, they need to pay a certain proportion of property to the China Banking Regulatory Commission to ensure the depositors' withdrawal needs..."

"And, in order to prevent banks from lending too much or excessively, resulting in insufficient savings and the depositors being unable to withdraw..."

It took nearly a day to communicate with the young officials in the fifteen years. In the end, everyone agreed to stay and become a member of the Preparatory Committee of the Song Dynasty Financial Institutions. They will contribute their slim efforts to this new cause, become the pioneer of this era.

All they need to do is to set up a framework, set up various supervision and supervision departments of the China Banking Regulatory Commission, and establish standard entry and exit accounts. In addition, under Wang Yang's personal guidance, they all began to learn to use the loan and credit accounting method applied to the banking system.

Fortunately, they are all strong people in mathematics, so the difficulty of borrowing and credit accounting is not very high. More importantly, the borrowing and credit accounting method can clearly mark economic transactions.

In addition to these, we are trying to find loopholes and find loopholes in the financial law so that we can try our best to improve this new bill before the financial law is implemented.

After Wan Bin summoned more than 20 experienced accountants and occupants arrived in Hongzhou, the progress of work suddenly accelerated a lot.

Emperor Zhao Xu has always been paying close attention to the construction and preparation of financial institutions on Shaanxi North Road, which has made the communication channel from Shaanxi North Road to Tokyo Bianliang more and more frequent.

Almost every day, 800 miles of expedited letters are sent from Shaanxi North Road to the capital, and letters are also sent from the palace to Shaanxi North Road.

The Empress Dowager Gao Taotao initially wanted to stay out of the matter, but when the emperor Zhao Xu often came to the door with questions, Gao Taotao felt more and more that as the problem deepened and the construction of this financial institution, he finally realized that this thing was not simple.

I even understood that this so-called finance would have just appeared on Shaanxi North Road, but if it was really necessary to promote it nationwide, it would be very likely to change the current economic situation in the Song Dynasty.

"Although the Ai family cannot fully understand, at least they can feel why Wang Wushan seems so cautious. Moreover, the Ai family can also see that if the banking industry can really be done, it is afraid that all the industry and commerce in the world will become banks' customers..."

"In this way, this bank will inevitably become a daunting behemoth. If there is no supervision, I am afraid it is hard to say what will happen."
Chapter completed!