Chapter 445: Great Changes in Jingshi’s Banking Industry
The explosive news that the imperial court was going to reform the banking industry gradually spread throughout the entire city of Beijing the next day, allowing the capital to open bank accounts. People in the bank were mixed with joy and sorrow.
In recent times, the most fearful people living in the capital are these people.
After the Shanxi Merchant banknote incident occurred, all their businesses were affected. No matter how they explained their banknote numbers, the bank would not abscond with the money or go bankrupt, but those who had banknotes in hand still asked them to
The exchange of cash has caused several weaker bank accounts and banks to suffer from bank runs and bankruptcies, which in turn has intensified the demand for more people to exchange silver.
Fortunately, the bank account opened in the capital was generally relatively strong, so it took a lot of effort to manage it.
The public opinion in the capital is becoming increasingly unfavorable to people like them who sell tickets and banks, and there are even many people who want them to close down, making these people uneasy day and night.
They also tried to send many people out to explain and publicize, but to no avail at all, which made them live in fear every day, fearing that one day the court would be unable to withstand the pressure of public opinion and shut down their business.
Therefore, when the news of reforming the banking industry came out, they breathed a sigh of relief. However, when they heard that the various ministries of the imperial court would set up banks, they were worried.
They are not comparable to ordinary people. They know that the secret to making money by opening a bank is credibility. In comparison, their ordinary bank accounts and banks are much weaker than the banks opened by the various ministries of the imperial court. At least some of them have been confiscated.
risk, and that bank will not have this risk.
What's more, if the bank's credibility is to be restored to its former self, even if the bank has paid enough money to the management agency, it will be a long-term process.
No matter what they think, at least these bank accounts and banks in the capital have never thought about opposing the new policy of the imperial court. They are more concerned about how to deal with the issue. Because of the public opinion environment and the background of the political center in the capital, these people have
Don't dare to object.
For this reason, some bank accounts and banks have begun to interact with each other and discuss how to survive this new policy.
The people in the capital are happy to see the establishment of a new bank. For them, one more bank means one more choice, and it is a bank that will not incur political risks.
The establishment of a new bank was promoted very quickly, and all government agencies quickly sent people to report the amount of investment to Zhongxing Hou.
A few days later, the Royal Bank of the Ming Dynasty announced that it would no longer accept personal business other than the exchange of Jiusi Bao banknotes. At the same time, the imperial court officially issued an announcement, requiring all banknotes in the capital to provide banknotes to the Royal Bank of the Ming Dynasty when the principal reaches certain conditions.
Banks must pay reserves before they can open.
On the day of the announcement, the Ming Dynasty Weimin Bank, funded by various ministries and palaces in the capital, was established, announcing its response to the court's policy, and transporting boxes of reserves into the Ming Royal Bank with great fanfare.
In order to cope with this situation, most of the bank accounts and banks in Jingshi went through emergency consultations in the past few days and finally announced that these bank accounts and banks would be merged to form Daming United Bank.
The reason for using this name is to break away from the past bank accounts and banks and get rid of the reputation of high risk.
For a time, the word bank became the hottest and most fashionable word among the people in the capital.
Then the Ming Dynasty Weimin Bank announced that it would not charge custody fees for deposits and would also provide interest. Moreover, the interest rate for borrowing from Weimin Bank was extremely low.
Of course, this extremely low interest rate is compared to loans from other places. It cannot be really extremely low, otherwise the fledgling bank would have to make profits.
As a result, the people of the capital, especially the businessmen, were full of praise, and it also put pressure on the newly established United Bank.
Custody fees and loan interest rates, which can be called usurious, have always been the original bank account and the bank's profit. Now that Weimin Bank has done this, the business has plummeted. If you want to survive, you have to follow suit.
Unexpectedly, Weimin Bank would raise deposit interest and reduce loan interest, which almost caused the Union Bank, which had just caught up with the pace, to collapse.
At this time, they felt the importance of the existence of the management organization that had been criticized before, namely the Royal Bank of Ming Dynasty. The major shareholders of United Bank sought connections or cried directly at the door of the Royal Bank, imploring the Royal Bank to serve as the management organization of the banking industry.
They must make the decision, otherwise there will be no way for them to survive.
After several twists and turns, the Royal Bank of Ming Dynasty finally issued an announcement stipulating a range for deposit and loan interest rates to limit vicious competition among peers.
Even so, the series of actions of Weimin Bank and its strong background made it steal the show from the moment it appeared and quickly became the leader in the banking industry. While making a lot of money, it also benefited the people and indirectly provided benefits to the people.
The Ming court's reputation among the people has improved a lot.
Of course, this series of things was slowly realized over a period of time.
Zhong Jinwei worked hard on this matter in the first few days, giving several lessons to the main people in charge of Daming Royal Bank and Weimin Bank, and listed the steps for doing things for them.
People in the Ming Dynasty were not stupid. Many of these people had been engaged in bank accounts and bank businesses. Under Zhong Jinwei's guidance, they all understood how profitable banks could be.
Zhong Jinwei will not care about what happens next, but will check the work of Royal Bank and Weimin Bank from time to time so that they will not deviate from the previously planned route.
From a certain point of view, Zhong Jinwei is the chairman of Daming Royal Bank and Daming Weimin Bank. Unfortunately, he, the chairman, originally planned to invest some money himself, and even told his in-laws about this opportunity to make a fortune, but instead
It was destroyed by Cao Yubian, the censor of Zuodu of the Metropolitan Procuratorate.
After Zhong Jinwei was angry for a while, his depressed mood disappeared with the wind. Just think that the emperor rewarded those two prosperous shops as compensation. There will be many opportunities to make money in the future. How can he be so poor that he has the power in his hands?
I have hundreds of years of knowledge in my head!
Early that morning, under the escort of the Dongchang squadron and his own personal entourage, Zhong Jinwei and his party arrived at the Jingying garrison in a mighty manner.
After receiving the imperial decree to supervise the capital camp a few days ago, he inspected the situation of the fifth military camp, and then asked the generals to select 500 of his soldiers with outstanding assassination skills and flexible hands and feet.
Today is the time for him to inspect the goods. These 500 soldiers selected from more than 45,000 people will become the targets of his new army training.
Zhong Jinwei went directly to the Beijing camp and saw that the generals of all levels from the fifth military camp were already waiting there, and was secretly satisfied.
These generals were originally selected from King Qin's army. As the supervisor of King Qin's army, Zhong Jinwei's achievements in the Gyeonggi Battle were his capital to convince these soldiers. What's more, now that he is their immediate boss,
It would be abnormal if you don't behave better.
Accompanied by them, Zhong Jinwei walked to the general ordering platform and reviewed the five hundred soldiers under the platform.