In the impression of later generations, opening a bank must require extremely strong capital. Although this idea is very correct, it does not apply at all times. For example, in the Song Dynasty, the predecessor of the bank represented by Jiaozishu appeared not long ago, and there were many imperfections in itself. It was better in Yizhou, but it had just appeared in Beijing, which was even more chaotic. Many businessmen with some strength took advantage of Jiaozi's potential, so they brought their property to this new industry.

This chaotic situation is the most beneficial for Li Zhang. His capital is not too strong. This is mainly because he was not very concerned about making money in the past and thought that as long as he spent enough money, he was lucky. Fortunately, Huozi and others had the ability, which made the family's business very prosperous, which accumulated a lot of property, but even so, it was still not much.

But it doesn’t matter if the capital is not strong. The next step is his advantage. As a later generation who has traveled through time, his understanding of banks is far from comparable to those of the Song Dynasty. This is also his biggest reliance. Now the first step he has to do is to open a bank of his own, and then defeat other Jiaozi shops as quickly as possible and unify the banknote issuance market in Beijing.

Huozi and Chou Niang were a little worried about Li Zhang's idea at first, but after Li Zhang explained his idea of ​​money market in detail to them, they also felt that it was very feasible. Xiuxiu and Douzi were also very supportive. At this time, they cleared the family's property, including the family's income this year, and were ready to invest all the money market.

Time is money, especially now that the Jiaozi market is in a state of chaotic development. Jiaozi shops in the city are constantly emerging like mushrooms after a rain. There is no overlord figure yet, which is also the most favorable time for Li Zhang. So after making the decision, he immediately began to prepare for money.

In the past, when Li Zhang opened a breakfast shop, he almost had no money, no people, so the scale of his business was also very affected. But now he wants money, no people. Although he still has a little less money, he has no shortage of people. Huozi and Chou Niang can already stand on their own. In addition, Douzi is also good at accounting, so the three of them became the backbone of the money shop. At the same time, a group of experienced guys were transferred from Huiweizhai and breakfast shops, and then rented a storefront, and the money shop was built.

If you want to issue coins, you must need a certain amount of capital. Li Zhang's entire family, plus Zhao Zhen's own family, finally prepared 50,000 guan, which is not a small amount. When the imperial court issued official Jiaozi in Yizhou, he only prepared more than 300,000 guan of capital, which was a state of one state. Li Zhang is now only opening a money shop. The reserve of 50,000 guan, based on the ratio of 20% of the reserve, is enough to issue 250,000 guan.

However, Li Zhang was still cautious and believed that the 20% ratio was still too low. After all, money sales are new things. At the beginning, customers must be uneasy about money sales, so the reserve must be sufficient to avoid the inability to exchange it for customers, which will lead to the damage to the reputation of money sales.

Speaking of which, when Yizhou Jiaoziwu issued an official Jiaozi, the reserve fund reached more than 30%. Li Zhang did not have the credit of the government as a guarantee, so he decided to temporarily set the reserve ratio at 40%. If the reputation became famous in the future, the customers would also trust the money market, and it would not be too late to lower the reserve ratio at that time.

The printing of banknotes is also the top priority. After all, if someone imitates banknotes in a day, this is also a big problem. In fact, when Jiaozi first appeared, fake Jiaozi also appeared. The counterfeit coins in this period of the Song Dynasty were generally divided into three types. The first type was the counterfeit coins in later generations. The counterfeiters engrave molds according to the banknotes and then print counterfeit coins. The second type was to modify the amount on the banknotes, because the amount of Jiaozi in the Song Dynasty was not fixed and needed to be filled in later. The last type was to directly sell the real mold to others.

For Li Zhang, the first type of counterfeit currency that is truly threatening is because the banknotes he is planning to issue are fixed amounts and the amount cannot be changed. He is planning to find Zhao Zhen to print the banknotes and ask Zhao Zhen to directly transfer to the craftsmen in the palace to print. These craftsmen are not only skilled but also have strong confidentiality, which is far more at ease than giving them to others.

As for the first type of counterfeit currency, Li Zhang could only try his best to do some anti-counterfeiting methods on paper currency, such as numbering, patterns, colors, and even paper materials. After all these are used, it may be very difficult for others to forge them.

In fact, if you want to prevent others from forging, there is another most effective way, which is to print a sentence on the banknotes, "The forgers are executed, and the first person to report the money will be rewarded with five ingots of silver." This is also a sentence on the government later issued paper currency. As long as it is forged paper currency, it will be a death penalty, and those who know the truth will be severely punished. This greatly reduced the number of people who dared to forge paper currency in ancient times. Unfortunately, although Li Zhang had an official background, his money dealings were not the government after all, so naturally he did not have such power.

Zhao Zhen occupied some part of the money shop, which was also intentional by Li Zhang. Because the money shop has a huge influence in the future, it may even become the only institution that can issue currency in the Song Dynasty. Li Zhang did not intend to always take it in his own hands, so he asked Zhao Zhen to take some part first, and then increase the share in Zhao Zhen's hands in the future, and then let the entire money shop belong to the royal family. After all, an organization as important as the money shop, except for the royal family, is only a way to kill others.

With Zhao Zhen's help, the banknotes were quickly printed. Li Zhang divided the banknotes into three types of denominations, namely 500, Yiguan and Tenguan. Among them, tenguan is a large amount of banknotes, which are not commonly used by people, but the amount required when doing business is huge, so this denomination is mainly formulated for merchants.

However, the banknotes have been printed, but there is another question next, that is, how to spend the banknotes. Of course, it is definitely not possible to give them for free. After all, each banknote can be exchanged for equal amounts of copper coins in the bank, so spending is actually a process of making others recognize their own banknotes. Compared with the previous ones, this recognition process is the most important and Li Zhang has the most troublesome.

Regarding this issue, Huozi and Chou Niang also gave their own ideas. For example, they can use banknotes to trade when doing business in Zhai or powder shop. Anyway, banknotes can be exchanged at any time. At the beginning, those people will definitely exchange them into copper coins immediately after receiving the banknotes, but over time, they will slowly accept banknotes.

But Li Zhang felt that this method was too slow and had limited influence, so he had to think of a way to allow more people to accept banknotes in the shortest time!
Chapter completed!