Everyone looked at Bao Zheng.

Bao Zheng shook his head mockingly and said, "At that time, Ji Mo said something, money can make money."

Money makes money?

Wen Yanbo and others shook their heads.

It is theoretically true that money is made. These people are more or less related to the current money shop or pawn shop, and they also have some understanding of this aspect.

The so-called money making money is to lend or invest, but that is when the amount of funds is relatively small.

When the amount of funds reaches the level of 100 million yuan, who will lend so much money to and where will it invest?

Why do those rich people hide their money? Although it is because of backward investment philosophy, isn’t they not know where to invest?

Isn’t the successful financing of Xihu City in recent years attracting many people to invest because of rare investment opportunities?

Isn’t the successful absorption of massive deposits by the Agricultural Bank of China because there are no investment opportunities, so wealthy households would rather put them in the bank to pay interest?

So saying this means not saying it.

Bao Zheng continued: "I observed the Agricultural Bank of China and their profit methods are mainly two channels, one is Qingmiao Loan, but in fact, this is gradually shrinking because in the general years, farmers do not need to borrow."

Everyone nodded.

It is understandable that farmers are unwilling to borrow money. Originally, they didn’t earn much every year, and borrowing was not free, so they had to pay interest. Of course, farmers were unwilling to borrow money when they had their own savings.

Bao Zheng's face was very strange: "...The other is a small commercial loan. The Agricultural Bank of China specializes in loans to some merchants and handicraftsmen, which the Agricultural Bank of China calls it an entrepreneurial loan."

Fu Bi thoughtfully said, "I'm afraid that some of this kind of loan cannot be recovered. If you run such a thing, you might lose all your money."

Bao Zheng nodded: "It's true. According to Ji Mo, entrepreneurial loans do generate a lot of bad debts, but they don't care too much because they will continue to support some potential merchants or handicraftsmen."

"Support?" Zhao Zhen was a little confused.

"Yes, support means that Agricultural Bank of China will contribute capital and cooperate with merchants or handicraftsmen.

Agricultural Bank not only injects capital into funds, but also supplements management experience, business connections and sales channels.

The businessman's funds and sales channels have opportunities to complement each other, so that the success of entrepreneurship will be greatly improved.

But merchants and handicraftsmen also have to pay the price of the shares of the industry."

Bao Zheng said.

“…Jimo calls it angel investment.”

Wen Yanbo and others looked at each other.

Can I still operate like this?

Has he made a shareholder lending?

Zhao Zhen couldn't help asking, "How is the result?"

Bao Zheng's face was full of excitement, and he exhilarated, "Your Majesty should know that in the first two quarters, the commercial tax has been greatly increased, right?"

Zhao Zhen smiled: "That's right, it's nearly 20% of the growth, and this data is still given by Sansi."

Bao Zheng nodded and said, "That's right, part of the growth of this part comes from the new merchants.

Although the proportion is not high at present, because most of them are still in the growth stage, when these merchants grow, it is possible to double the commercial tax by then!"

Zhao Zhen stood up from the chair in shock: "Are you serious about this?"

Bao Zheng affirmed: "Take it seriously, most of these merchants are still in the investment period and it is not yet time for real output.

When they really produce, that's when it's time to really explode!"

Zhao Zhen walked off the dragon throne with excitement and walked around happily.

No wonder he was so excited, the Song Dynasty was short of money!

Wen Yanbo and others also smiled.

Zhao Zhenxi said: "Ouyang Qing's family has given birth to a good son!"

Ouyang Xiu's smile on his face was even stronger, full of pride, but his words were quite worthy of beating: "Oh, Your Majesty is so ridiculous, that boy is so naughty, I'm almost annoyed him!"

Wen Yanbo: “…”

Fu Bi: "..."

Zhao Zhen: “…”

Bao Zheng: "…”

Wang Anshi: “…”

The atmosphere suddenly became awkward.

Zhao Zhen quickly changed the topic: "In this case, will all the Qing family think Ji Mo's advice be feasible?"

Wen Yanbo still shook his head: "The Agricultural Bank of China is small in size, so it is OK to do this, but the central bank's size can be expected to be ten times that of the Agricultural Bank of China. Agricultural Bank of China can do it, but the central bank may not be able to do it."

Fu Bi nodded in agreement.

Zhao Zhen looked at Wang Anshi.

Wang Anshi pondered for a moment and said, "I think Ji Mo can come up with the regulations. He made the suggestions. He may have more clever means."

Zhao Zhen suddenly realized: "That's right, what are we guessing here?

When it comes to economic development, Ouyang Jimo is the master of this. Bao Qing’s family, please tell me about this matter.”

Bao Zheng nodded and took the order.

Zhao Zhen thought for a while and said, "The so-called entrepreneurial loan of the Agricultural Bank can be encouraged more.

Our Song Dynasty did not discriminate against merchants. The more merchants, the more active the economy was, which Ji Mo said.

Bao Qing’s family encouraged Ji Mo and asked him to support him more!"

Bao Zheng nodded with a smile.

...

"What does the official really say?"

Ouyang Bian said in surprise.

Bao Zheng nodded and said, "That's true, it's a great thing after all.

Business is indeed very helpful in promoting the economy. In the first two quarters, the treasury revenue increased by several million. Isn’t this a great thing?”

Ouyang Bian smiled, and there was a weirdness hidden inside his smile.

That's it, then don't blame me for being rude.

This is a really good time.

Ouyang Bian exclaimed.

The Song Dynasty did not suppress land annexation, and now it has no awareness of commercial annexation.

Whether it was Zhao Zhen or the ministers, they did not realize that his behavior was to create a monster called Trust.

The merchants and handicraftsmen that Ouyang Bian holds now support the merchants and handicraftsmen, but rather targeted control of the upstream and downstream of various industries.

When these merchants and handicrafts grow up, with the support of the Agricultural Bank of China, they can control the upstream and downstream of their industries.

The close connection between merchants that grew up in this form is much closer than the so-called guilds and chambers of commerce.

At that time, these merchants will unite around the Agricultural Bank of China and become an extremely huge trust monopoly group.

When that day came, Ouyang Bian had already controlled the economic lifeline of the Song Dynasty!

Now, the officials of the Song Dynasty are actually encouraging him to develop more merchants, and I want to collect taxes!

OK.

Of course Ouyang Bian would not refuse such a request.

"Although there are some difficulties, the officials have said so. We must overcome any difficulties."

Ouyang Bian seemed a little embarrassed.

"Oh, I'll write down all the plans in the matters of the central bank, and everyone will have a discussion at that time."

Bao Zheng left with satisfaction.

Ouyang Bian looked at Bao Zheng's back and his smile spread.
Chapter completed!