Chapter 1006
However, since it is only a trial now, Wang Yang hopes to act in a low-key manner first, without going through court, and establish a pioneering institution on North Shaanxi Road: the Preparatory Committee for the Dasong Financial Institutions.
The main function of this preparatory committee is to first draft a banking law, then continue to continue this banking law and establish private banks.
All rules and regulations of private banks will be formulated by the Preparatory Committee of Financial Institutions and then piloted in private banks.
For example, if a private person takes money to the bank to save, then the private person needs to support a small amount of storage fees to the bank. For example, if you deposit ten coins, you need to pay a storage fee of two coins per month. The minimum deposit amount is one coins, and the minimum storage fee is one coins per month.
Loans are divided into commercial loans, industrial loans and agricultural loans. Commodities are circulated quickly, so the loan period is not long, but the loan will be frequent. Therefore, the interest on commercial loans will be the highest, reaching the monthly profit of 200 yuan, and there is also a handling fee of 20%, which means that when you borrow for 10 yuan, you will need to pay 220 yuan in interest and handling fee when you return it within one month.
Industrial loans, or handicrafts that carry out factory construction or commodity production, will have a relatively long loan period and are relatively stable. Therefore, their interest will be slightly lower than that of commercial loans, that is, borrowing forever is 150 yuan per month, and of course there will be an additional handling fee of 2%...
When you get an agricultural loan, you are in a loan that is beneficial to the people. That is to say, on behalf of Yisheng, the monthly profit is 100 yuan, plus two-fold handling fees. When you return the full month, you need to return the principal and profit of Yisheng, 120 yuan.
In this way, the three industries can obtain loan support, but they are differentiated, and at the same time they are in line with the political view of court valuing agriculture.
"These are not the most important. What is important is that the preparatory committee of the Song Dynasty's financial institutions will first assume the function of a state-owned bank, that is, in the future, every tax levied by various places in the Song Dynasty will be deposited into the vaults in the preparatory committees of various institutions."
"Of course, food and silk items do not need to be deposited. Only gold, silver and copper coins will be stored here. And every transaction stored in the bank will have in and out accounts."
In this way, if some officials or officials want to corrupt property, they may be harder to have the opportunity to reach out.
Moreover, the banking system and the government do not belong to the same institution. The government wants to invade? Haha, is it possible?
After listening to the emperor's explanation for a long time, the intelligent queen Meng already understood the benefits here.
"This is probably not the Qingmiao method anymore. This is completely an unprecedented new method that Mr. Wushan has innovated through the model of Qingmiao method." Meng was shocked by Wang Yang's ambition, or in other words, the impact and shock that his establishment of the Song Dynasty financial system would have on the Song Dynasty in the future.
"Yes, it is a great move for the country, the people, the workers, and the business... The court has legislation and supervision, and the bank has its own system and is not subject to local restrictions. However, he has lost the administrative ability of the government, so he cannot do the ability to force buying and selling..."
"If such a good method can be implemented, it will be a blessing for me in the Song Dynasty." Emperor Zhao Xu stood up, walked away with his hands behind his back, and said passionately.
"It seems that your Majesty, you are also very fond of it, but why did you say that Mr. Wushan has a big problem for you?" Looking at his husband who was so excited that he was a little lost in his heart, Meng couldn't help asking.
"That's because this good strategy will cause a huge impact on the old vested interests... Well, this is what Wang Wushan said in his letter. It means that it will cause a great impact on the interests of the rich businessmen and gentry who relies on usury to collect wealth from the people."
"Madam may not know that in my Song Dynasty, usury has always been a headache for the court. In many places, the profit of borrowing will be at least 40%, or even higher, which can reach 200%..."
After hearing the emperor's words, Meng couldn't help but take a breath of cold air, and her charming eyes widened. "Two hundred percent, that is to say, if you borrow Yi Guan, you will have to pay three Guans for one month, with the capital and profit?"
"Yes, but many people have no choice but to borrow money when they can't turnover. But, I, Dasong, have no good ways to stop this."
"And this naturally led to many people who could not afford to repay usury and had to lose their family, lose their families, lose their own land and houses, become refugees, either they can only become tenants, or sell themselves as slaves..."
"After all, they can only borrow from each other, and Mr. Anshi's Qingmiao Law in the past was to weaken the rampant usury among the people. Unfortunately, the government's intervention made the government a vested interest. Therefore, those officials and servants who have lost their moral character will try their best to profit from it, resulting in public grievances."
"In the end, the late emperor had to terminate the implementation of the Qingmiao Law..." When he said this, Emperor Zhao Xu couldn't help but feel emotion and deeply realized that Wang Yang's too cautious about reforms did make sense.
But this time, his initiative will really put extremely heavy pressure on the court or the emperor.
It is precisely because of this that Wang Yang decided to work quietly and not shoot the gun. He first secretly greeted himself, the Emperor of Song Dynasty, and then quietly implemented it on Shaanxi North Road.
First, the pressure from the court can be minimized, and second, the pressure can be reduced after making achievements.
After all, if he achieved success, then if the Emperor of Song Dynasty wanted to support him, he would become confident.
As for the pressure from the people, well, private banks have given the wealthy businessmen and gentry everywhere who like to lend money and loan sharks.
After all, after the lending regulations are established, the profitable usury among the private sector is determined to be illegal, at least everyone can borrow from private banks. And those wealthy businessmen and gentry who have endless money can invest in establishing private banks.
In this way, the lending industry can be regulated in an orderly manner to ensure the interests of all classes of the Song Dynasty. At least, the majority of classes will stand in the court or on the side of the emperor, and the pressure on the emperor Zhao Xu will naturally be much smaller.
"In other words, what Mr. Wushan and his friends did will do things without hiding it... If you are not careful, you may be..." Meng also understood and couldn't help but tighten his eyebrows, worried about Wang Yang and a group of ministers from the North Road of Shaanxi.
Chapter completed!