Daming: I, Yang Xian, really govern Yang!

"Da Ming Bank, since our Ming court is the guarantee, then there is no safer place in the world for money than depositing it in Da Ming Bank."

Yang Xian looked at Zhu Yuanzhang and Zhu Biao, and said with a smile: "And when we deposit the money in Daming Bank, we don't charge a penny of interest from the depositor. Once he has deposited one hundred thousand taels, no matter how many years later he withdraws it, it will still be ten thousand taels." Ten thousand taels."

You must know that in ancient times, depositing money into a bank not only had no interest, but also required handling fees. The bank would charge interest based on the length of time the depositor had saved for storage fees.

This matter is simply unimaginable to future generations.

As long as Da Ming Bank plays this trump card, it will be king.

And compared with those small cash registers and banks in the private sector, the Ming Bank, which was backed by the imperial court, had far more advantages than these.

Qianzhuang first appeared in the Tang Dynasty, when it was called Qiancai. This is a place run by private businessmen to store money and belongings, and its function is limited to depositing and withdrawing money locally.

It was not until the Song Dynasty that "flying money" appeared in banks.

For example, you have deposited 100 taels of silver in a bank in Kaifeng and want to do business in Chengdu. Then you can withdraw money from the bank's branch in Chengdu with the note issued to you by the bank. This greatly facilitates the flow of business. In other words, money banks in the real sense appeared in the Song Dynasty.

No matter how commonplace it was in later generations, it was a qualitative leap in ancient times.

It was a step-by-step evolution that led to what we are today.

But such banks are still very limited. Small ones can only exist in one or two cities, and larger ones can only be spread over a certain area.

There are still big limitations.

China's first bank specializing in money exchange was prosperous and did not appear until the late mid-Qing Dynasty.

Rishengchang was the leading financial institution in the country at that time, with branches spread across more than 30 cities and important commercial towns across the country, as well as in Europe, the United States, Southeast Asia and other countries. It was famous for its "Connecting the World".

Guo Tianwang's movie "Silver Empire" was shot based on this model.

Daming Bank, which relied on the imperial court, could easily spread across the country.

After Yang Xian explained clearly the advantages of Daming Bank, Zhu Yuanzhang and Zhu Biao nodded.

As a result, Mingjian's money bank is afraid that it will close down directly.

Yang Xian then said: "As we absorb more and more deposits, we can use part of these deposits as loans."

"Of course, not just anyone can lend money. The bank can send out specialists to assess the borrower's risk and assets, and at the same time pledge the borrower's assets. The bank will charge interest at a rate of three cents per month, with one profit per loan."

This is a relatively reasonable interest rate roughly estimated by Yang Xian. The monthly interest rate is three cents, which translates into an annual interest rate of 36%.

In later generations, this happened to be the standard for usury.

But you have to remember that this is the Ming Dynasty, and Yang Xian's doing this is already an act of great kindness, not to mention that it is a benefit for everyone.

At this time, the interest rate for private loans is generally 5 cents.

When faced with bad years, the rich took the opportunity to raise interest rates, many of which were eight cents per month and doubled in a year, which was commonly known as "lamb interest."

Yang Xian was talking nonstop, and Zhu Yuanzhang, Zhu Biao and his son were dumbfounded.

In this way, isn't the court just sitting and watching money make money? !

They could never imagine that such a good thing could happen in this world.

Yang Xian concluded: "Since ancient times, fundraising and lending have been private actions."

"Like a bank, either the interest rate is extremely high, or the store is cheating customers."    "And if it is usury money privately issued by wealthy households, it is even more like eating human flesh and drinking human blood."

"Therefore, at this time, our court opened the Daming Bank, which is in line with the aspirations of the people."

“No interest charged on saving money!”

"We only charge three points of interest on loans. For the people who are accustomed to high interest rates, won't it be like rain from heaven? People from all over the world, including scholars, farmers, industry and commerce, will definitely flock to us!"

These words fell.

Zhu Yuanzhang and Zhu Biao and his son looked at Yang Xian with shocked expressions on their faces.

It turns out that lending can be said to be so sacred and beneficial to the country and the people!

It turns out that money can still be played like this? !

If Xu Miaoyun were present, one would immediately recall that Wang Xifeng in "A Dream of Red Mansions" relied on loan sharks to support his family's daily expenses.

Since Yang Xian can write such a plot, it is not surprising that he would like to use Daming Bank to lend money.

"Daming Bank must be an independent department. Even if the court or state government offices at all levels want to use money, they must follow formal lending procedures."

Seeing that Zhu Yuanzhang and his son were immersed in joy, Yang Xian first poured a basin of cold water on them to calm them down.

Many things that need attention must be mentioned up front, otherwise irreparable mistakes will happen and it will be over.

Zhu Yuanzhang was thinking about this just now.

He thought that if the Daming Bank had been established earlier, he would not have to borrow money from Shen Wansan and could just get the money directly from the Daming Bank.

Lao Zhu, everything else is fine.

It just suffers from being uneducated.

Yang Xian can see this from the fact that he issued Ming Dynasty treasure banknotes without any reserves, and then printed them one after another.

Yang Xian was really worried about something like this happening, so he got vaccinated in advance.

Otherwise, when the whole country goes up and down, the Ming Dynasty Bank may just open in the morning and collapse in the evening.

"Of course the court can use the bank's money. This is one of the purposes of establishing the bank."

Zhu Yuanzhang and Zhu Biao were like two students listening carefully to Yang Xian's lecture.

Yang Xian looked at them and then said: "For the court, this is the biggest benefit of starting a bank. The court can raise funds through the bank and pool the money of people from business families to do big things."

"Whether it is infrastructure construction across the country, such as the new railway tracks mentioned by your Majesty before, with banks, we can do it. Also in the military, we will not be in a situation where we suddenly have no money and cannot defend ourselves against foreign enemies. "

What Yang Xian said actually happened in Chinese history.

When Emperor Jing of the Han Dynasty's "Seven Kingdoms Rebellion" broke out, the generals of Chang'an City were preparing to set off for an eastern expedition to quell the rebellion, but the imperial military budget was insufficient at that time.

In the end, the imperial court had no choice but to borrow money from Ziqianjia (the earliest loan sharks in China) to finance the military.

Because the success or failure of the war situation was uncertain at that time, the Ziqian family refused to lend. One Wuyan family took the risk and loaned 1000 taels of gold to Emperor Jing's army at 1000% interest. After three months, the Seven Kingdoms Rebellion was put down. This made the Wuyan family very rich.

Now that there is Daming Bank, it is naturally impossible for this kind of thing to happen in Daming. (End of chapter)