Since ancient times, talented people have been born in the Red Chamber

Chapter 1009 Happy Opening of Chang'an Bank on Shaanxi North Road

Chapter 1018

"Besides, I heard Wang Wushan mention it before, and it seems that His Majesty intends to wait until the cotton industry in the provinces on Shaanxi North Road has developed, and the winter clothes of the Song Dynasty military will be purchased from cotton products in the future."

The father and son chatted endlessly about business until midnight, when they realized how late it was.

Seeing that although his father was in high spirits, he had gone through a long journey, Wan Bin could only stand up and say goodbye, letting his father recuperate early.

"That's fine, I'll take a rest first. I'm getting old. You will be responsible for our Jiangxi Wan family's huge family fortune in the future." Wan Yong stood up and patted him with satisfaction. Wan Bin's shoulders were full of relief.

"You work hard here. If you do well in the bank, I'm afraid it will only be a matter of a word from His Majesty if you want to promote it to the world."

After Wan Yong came for a few days, he went to Yanzhou for a stroll. At this time, the financial bill was finally finalized, even if it was only a trial draft, but at least it had entered the stage of practical operation.

And at this time, the time has finally come to the end of the year. Ten days before New Year's Day, the Dasong Financial Institution Preparatory Committee and the Dasong North Shaanxi Road Banking Regulatory Commission quietly entered a house not far from the Hongzhou Government Office. The listing was established.

Three days later, the first bank of the Song Dynasty: Chang'an Bank Preparatory Office, was officially opened in Hongzhou City on Shaanxi North Road.

On New Year's Day, Chang'an Bank Shaanxi North Road Branch and Chang'an Bank Shaanxi North Road Branch Hongzhou Sub-branch also opened grandly.

And on that day, seven large orders were received, and seven wealthy businessmen who were familiar with Wan Bin, the branch's general manager, deposited a total of [-] yuan of property into the Hongzhou branch.

They all received a certificate of deposit from Chang'an Bank. With this certificate of deposit, these seven businessmen can make money at any Chang'an Bank on North Shaanxi Road.

In addition, several businessmen also borrowed more than 3 yuan of property from Chang'an Bank on the same day to buy goods and prepare to sell them to other places.

And that's just a commercial loan with [-]% annual interest, which directly blows up the vendors who are doing business in these six states.

The annual interest rate is [-]%. You must know that even the most ethical, honest, and kind-hearted private lenders have a minimum annual interest rate of [-]%, not to mention that most of them are at [-]% to [-]%, or even [-]%. A usurious loan with annual interest of [-] cents.

This made those merchants who came to support them inquire about the bank's loan business. Fortunately, they were fully prepared before, and they also printed thousands of brochures of Dasong Chang'an Bank, which were all sold out that morning. I had to take out the brochures to be distributed the next day from the warehouse to refill the number, which met the demand.

Moreover, there are also a large number of businessmen waving brochures in their hands, asking how much they can borrow.

In short, on the first day of opening, this bank, which originally occupied a rather large area, which was equivalent to the size of five or six shops, was overcrowded and full of voices.

In the end, Wang Yang had no choice but to send guards to maintain order.The next day, Wan Bin's old father Wan Yong simply sent over all the twenty experts he had brought, and Wan Bin also sent over all the twenty guards around him.

Finally, it was able to maintain the situation without using the power of the government without chaos.

On the second day, although only five transactions were completed, including savings and two loans, there was no more business. The nearly fifteen accountants sitting at the front desk were not doing business most of the time. , but explaining to potential customers how the bank's lending business is done.

If you customers want to deposit money, how will we handle it? When you want to withdraw money, how will we charge you?

Of course, although the loan process is more complicated, the front desk staff can only patiently explain it over and over again.

Seeing this scene, whether it was Wan Bin who was presiding over business at the front desk, or Wang Yang and Liu Yiyi who were sitting on the second floor and watching the crowds of people downstairs, or Wan Yong and his third concubine. , couldn't help but breathe a sigh of relief.

"Although there are not many businesses, the old man thinks this is normal. After all, our bank's loan procedures are much stricter, but it can ensure that our bank's interests will not be damaged to the greatest extent." Wan Wan Yong turned his head and whispered to Wang Yang.

"This is natural. After all, this is a formal lending business. Our loan officers are all carefully selected and have excellent character. Moreover, every loan cannot be released by just one loan officer."

"At least two other loan officers are required to review and sign, and finally, after being reviewed by a supervisor, the seal is signed and the money is lent."

"In addition, every loan or deposit will have three accounts, one will be kept by the branch, one will be handed over to the head office for collection, and the other will be handed over to the China Banking Regulatory Commission for filing..."

"Although it seems a bit cumbersome, it can be well-documented. If one day someone borrows money and fails to repay it, as a bank, it is naturally impossible to use the private means of lynching to press, but will Apply to the government for a ruling.”

"And the records kept by the Banking Regulatory Commission will provide the necessary basis for the government's ruling. Moreover, if there is a problem within the bank, it is natural to ask the Banking Regulatory Commission to come forward..."

"Master Xiao Wang, I admire your skills very much. In this way, I can finally leave Shaanxi North Road with peace of mind and return to my hometown in Jiangxi to live up to my old age." Wan Yong stroked his long beard and said with emotion.

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Although the opening of Chang'an Bank in the Great Song Dynasty only caused waves in a small area, those wealthy businessmen who went to and from North Shaanxi Road for business gradually came to their senses, and couldn't help feeling a little moved stand up.

After all, many wealthy businessmen have tens of thousands or hundreds of thousands of dollars in wealth. Apart from buying land and farming, they can only do nothing but do it, and they don't know what kind of business they should invest in.

But now, there is a bank that specializes in lending, and it is said that it is a legal lending company recognized by the government.It's so heart-stopping.

However, after learning that the bank's loan business has a minimum of [-]% and a maximum of [-]%, the hot flame in my heart can't help but be extinguished a little bit.They decided to wait and see what happened.

However, the bosses of these businesses visited Chang'an Bank one after another, making Wan Bin almost too busy just to receive these guys.

At this time, the six states in the Northern Shaanxi Province of the Song Dynasty finally introduced an immigration bill, confirming that all citizens of the Song Dynasty could migrate here.

However, when they migrate, they naturally cannot get the preferential policies like the Xiang army and their dependents. However, Shaanxi North Road still introduced other preferential policies: loan immigration.

This is to attract those poor people who lack their own land in the local area and can only rely on being tenant farmers for their livelihood.

(End of this chapter)