In Wang Jinghui's mind, banks are something that must be done. Even if he fails in Chuzhou this time, he will work alone. The current level of usury in the Song Dynasty is frightening to him: the lowest is 40%, and the high can reach 200%. Such a terrifying interest rate far exceeds his common sense. In his eyes, this is also a profitable industry. He sets the lowest interest rate himself, and the returns are also amazing. Moreover, in Wang Jinghui's impression, the role of banks can not only promote agriculture and slow down the speed of land mergers, but also play a great role in the development of industry and commerce.

To make the Song Dynasty prosperous and prosperous, Wang Jinghui still needs many tools and platforms, and banks are an important part of it. With the banking platform, we try our best to isolate the economic exchanges between officials and the people. Although it seems that using administrative means to control interest rates seems to have caused some losses to the merchant class, maintaining interest rates to a reasonable range in the long run will not only promote the development of agriculture and commerce, but also protect the merchants themselves.

Wang Jinghui once carefully studied Wang Anshi's Qingmiao method in history, and it can be seen that Wang Anshi already knew how to use credit loans to stimulate economic growth. This was very surprising in his eyes. If he had not come from the time and space a thousand years later and had the experience of modern society, he would have not been able to keep up with Wang Anshi's advanced economic theory in this regard, let alone conservatives such as Sima Guang.

Although Sima Guang's economic theory level could not keep up with Wang Anshi, Sima Guang's "Zizhi Tongjian" almost established the Chinese people's views on the rise and fall of all dynasties. His historical opposition to Wang Anshi's reform was based on the pulsating and accurate understanding and grasp of the history of the empire, so his opposition represented the majority and had awesome power. If the Emperor Zhao Xu had not had extraordinary trust in Wang Anshi, Wang Anshi would have been finished long ago.

In his letter to him, Wang Zhaoxu mentioned that Sima Guang was a member of the political affairs of the people. Although it was a bit exaggerated, Wang Jinghui could at least affirm that Sima Guang was very supportive of his "pilot" strategy. Although this was not the "Eight Great Masters of the Tang and Song Dynasties" who would dominate the political arena of the Song Dynasty for 20 years, Wang Jinghui was very respectful to Wang Jinghui from the bottom of his heart. Moreover, Sima Guang himself also agreed to reform the Song Dynasty, otherwise Wang Anshi would not have been at the beginning. However, his grasp of the overall situation and prediction of the results made Sima Guang finally stand opposite Wang Anshi. For such people, Wang Jinghui must make friends in order to gain greater influence.

"Sima Guang is the one who is closer to his own ideas. Compared to Wang Anshi's stubborn old man, Sima Guang is more suitable for cooperation with him. Wang Anshi's paranoid should try to minimize his lethality and make him the Eight Great Masters of the Tang and Song Dynasties as much as possible." Wang Jinghui thought silently in his heart.

Wang Jinghui saw changes in history in Wang Anshi. He remembered that after being activated by Emperor Shenzong Zhao Xu, Wang Anshi was soon promoted from Jiangning Prefecture to a Hanlin Bachelor's degree, and then went to serve as the head of state affairs. Now his father-in-law Zhao Shu is not as impatient as his son, and he has not quickly transferred him to the central organization of Kaifeng, the Bian capital because of Wang Anshi's vast reputation and the recommendations of many ministers. It seems that Wang Anshi has been going to stay in Jiangning Prefecture for a while.

Wang Jinghui sorted out all the recent letters from Zhao Xu in his study and analyzed the recent trends of the highest level of Kaifeng, Biandu. Except for his cheap prime minister Han Qi, the situation of his cheap charity master, Han Qi, is not very good, and everything else is still within the normal range and will not affect the confidence of Yingzong Zhao Shu in Chuzhou. Wang Jinghui believes that as long as he continues to succeed and improve the political achievements of Chuzhou, he can maintain the confidence of Yingzong Zhao Shu and the important officials in the court in him. Wang Jinghui's current luxury is very small. He knows that Wang Anshi might not be able to do well in himself. He does not have much expectations for whether the Qingmiao Law can be promoted nationwide. His current goal is to develop new industries. Accommodate more labor, find new fiscal growth points for the Song Dynasty, and find jobs for the empire's huge wing army, and save money for the finances.

"It is the kingly way to increase revenue and reduce expenditure. As long as the finance changes in a good direction, it will be more gentle in the future social changes." Wang Jinghui couldn't help but sigh. Since he participated in changing the historical process, his heart has been exhausted. He has tried his best to think about the future of the Song Dynasty every day, but his ability is really limited. Faced with history, an invisible and intangible giant, he has felt his insignificance and powerlessness in his heart more than once. However, it seems that the effect is still very good now. At least the various methods he provides can actually alleviate the tension in the Song Dynasty and abroad. Although history is still a little vague, it has changed too much, and no one can predict where the next step of history will go.

On the fourth day after receiving the approval of Emperor Yingzong Zhao Shu to Wang Jinghui in Chuzhou, Xu's Manager Li came to Chuzhou to visit Wang Jinghui. Wang Jinghui was very surprised at the arrival of Manager Li: he originally wrote to Liu Chanfang to bring the 18 accounting personnel he trained and 500,000 yuan of funds to Chuzhou, and was preparing to use these funds and talents as the backbone of the establishment of the bank, but unexpectedly, Liu Chanfang did not come. Instead, Manager Li brought the funds and personnel to Chuzhou for Liu Chanfang.

"Brother Zhenquan, why are you here? Where is Mr. Liu?" Wang Jinghui asked in confusion after pouring a cup of tea for Manager Li.

Manager Li took a sip of tea and said with a smile: "Change, Liu Jianfang has received your letter. He is fine. However, after reading the letter, we feel that you mentioned the 'bank' business has great potential. Now Xu has a lot of funds and has nowhere to use it. Instead of piled up there and getting moldy, it is better to take it out and make money with you. After discussing with Mr. Xu, Xu decided to follow up. Liu Jianfang is old, so I will come here!"

Wang Jinghui sat aside and said with a smile: "This 'bank' business is not easy to do! Brother Zhenquan isn't afraid of losing money?"

Manager Li smiled and said, "Will you lose money when changing business? Haha, I really haven't heard of it! I have discussed with Mr. Xu. Xu paid 350,000 yuan this time. If I can add it, I will write to Mr. Xu to ask him to add it!"

Manager Li's words made Wang Jinghui very puzzled: It is better to say that it is a "bank" business. It is better to say that it is a loan shark. There is no essential difference between the two, but the interest rate of establishing a bank himself is much lower than that of a loan shark. Just like this, Mr. Xu still has to make a kick in the business? If it is to strengthen the alliance between the two companies, it would be great to have a hundred thousand chunks. There is no need to pay so much?!

Looking at Wang Jinghui's somewhat puzzled expression, Manager Li said: "Change it. Do you remember the two joint grain store business? Now it has developed into thirteen branches, and we need more food. The grain produced by the land purchased in Cai and Xuzhou has gradually failed to keep up with the speed of supply. If you buy grain from other grain merchants, the cost will be too high and it will be more costly. In the letter you wrote a few days ago, I said that we set up a bank? We can lend to those farmers.

If they can't afford to pay the debt, they will use the methods we used in Cai and Xuzhou to continue to cultivate the land, and repay the principal and interest of the loan land later. This will not only help the victims according to your wishes, but also make themselves profitable. The fifteen grain stores can now bring in 30,000 yuan of income every month. The land here in Chuzhou is much better than that of Cai and Xuzhou. When the business starts, we will make more money!"

After hearing this, Wang Jinghui's head was short-circuited. After he woke up, he couldn't help but praise him loudly: "Okay! Brother Zhenquan, you have helped me a lot!" He didn't expect that the loan repayment problem that had troubled him for a long time could be solved in this way. Although he made little profit, he avoided the problem of difficulty in repaying the loan. Moreover, he proposed this method a long time ago, but he didn't expect it. He couldn't help but praise Manager Li and others as good as shopping malls. He actually had such rich ideas and had the knowledge that was ahead of them thousands of years, but he couldn't catch up with them in this regard.

Then, according to Manager Li’s reminder, Wang Jinghui gradually improved the "bank" structure in his mind. If it is competent to put forward the Qingmiao legal requirements, it not only needs sufficient lending funds, but also grain circulation channels. Only in this way can the bank be invincible. Like Manager Li, organically combines the purchased land with the circulation of grain stores, so that he will not worry that grain will be accumulated in his own hands.

"Is there still a backlog? It can be said that there were disasters every year in the late Northern Song Dynasty, and grain prices continued to rise. Grain is now the foundation of the country! Especially in history, the drought and locust plague that caused Wang Anshi to be dismissed for the first time. If it was not done well, it would be borne by himself. Therefore, the food problem was urgent. The most important role of the Qingshou Law was to establish the structure of the Agricultural Bank, which was of great significance to the development of the Song Dynasty agriculture and could also restrict land annexation... Even if no one was willing to establish a bank with him, he had to do it himself to obtain more food." Wang Jinghui's most worried about now is natural disasters. In this era, natural disasters have been successively on the land of the Song Dynasty, constantly weakening the foundation of the country. Food is the most important problem. Reducing grain prices is also conducive to the development and stability of the country.

As Wang Jinghui had previously imagined, it was too difficult to raise money and wealthy businessmen or establish a bank with whom it was. Unless administrative means were used, no one would give up such a big benefit. After all, the interest on the money they borrowed now was twice that of the bank, not to mention that 10% of the 30% of the income belonged to the state, and of course they were unwilling to suffer such a big loss.

Fortunately, at the call of Wang Jinghui, several wealthy businessmen in Chuzhou raised 100,000 yuan in the interest of inventing oil presses and looms to make them rich, and jointly established the first Agricultural Bank of Song Dynasty with the 500,000 yuan brought by Manager Li. In addition to Wang Jinghui and Xu, this bank also has six shareholders, and the dividends are distributed according to the capital every year. The management of Xu is mainly done by Xu, and other shareholders send account checkers to jointly manage it.

"Although it is very primitive, it has finally taken the first step. In the future, it will take it slowly to leave." Wang Jinghui looked at the plaque of Xingguo Bank and thought silently in his heart. However, this is his second time cheating. The first time he relies on his own industry to build water conservancy. Although the dominant funds are not Wang Jinghui's, Xu's family has a close relationship with him, so this time it can be considered a cheating.

Wang Jinghui was also quite helpless about his own "cheating" problem. But the industry needs to be supported. Although simple usury can confiscate the industry of the borrower. However, it is hard to say whether it can be recovered. There are also places where we have lost money or evade debts. This is not new. However, the bank structure of Wang Jinghui and Manager Li looks more like a charity organization, but in fact there is a circulation channel and there is no risk of losing money. If the borrower encounters disasters in the first year after borrowing money, he is also unable to repay it.

You can continue to apply for a loan once. If you are unfortunately unable to repay the property rights, the property rights of the real estate will be temporarily owned by the bank. You can continue to cultivate on the land, which is equivalent to a long-term worker of the bank. After you can repay the loan, the property rights of the real estate rights can still be redeemed. This is equivalent to giving farmers a hope. Unless you have been in a major disaster for several consecutive years, there is no possibility that you will not be able to repay the loan. Banks can also obtain stable supply of parity grain and obtain further profits through the circulation system, thereby forming a virtuous cycle.

After all, usury is a bit harmful to good deeds, and the court will definitely not, and will even be hit; while banks are more in line with the "saint's way" and will definitely be strongly promoted by the court. If good comprehensive benefits can be achieved in business, it is undoubtedly a role model, which will prompt more merchants to choose banks instead of usury, and thus embark on the road of healthy development. All this takes time, and Wang Jinghui believes that he can wait until the day he gets the ideal result.

After the establishment of Xingguo Bank, Wang Jinghui began to promote the Qingmiao Law in Chuzhou. In fact, it was indeed a bit too much to concentrate 600,000 yuan of funds to implement the Qingmiao Law in Chuzhou, a town of fish and rice. Manager Li even complained that Wang Jinghui made Chuzhou's water conservancy projects so well as soon as he came up. Now the farmers in Chuzhou don't have to worry about drought and floods. So relying solely on farmers to borrow money, 300,000 yuan is enough.

The remaining 300,000 guan must be searched for funds to export, otherwise it will be wasted. Wang Jinghui used this money to develop the economy of Chuzhou. At this time, because he implemented the "one tax system" for entering and leaving Chuzhou, the number of merchants in Chuzhou has increased greatly. The major cities in Chuzhou are merchants from all over the country, so the business of inns and restaurants is becoming increasingly prosperous. Wang Jinghui invested the 300,000 guan in this regard, and selected another thousand people from the Xiang army, and Xingguo Bank provided a loan to build inns along the main roads and canals. These Xiang army changed their careers and became waiters in the inns. The remaining 150,000 guan was left as the treasury money for emergency use.

In July of the fourth year of Zhiping in the Song Dynasty, Emperor Yingzong Zhao Shu, his imperial prime minister Han Qi and Privy envoy Fu Bi, received a letter that surprised them: He reported to the emperor that he had been in charge of the Chuzhou military affairs for more than ten months. Now the Xiang army was diverted in Chuzhou, and now the remaining 12,000 Xiang army will reclaim the 50,000 hectares of silt fields obtained when the water conservancy project was built, but due to the vast area of ​​silt fields, the Chuzhou Xiang army was unable to make ends meet.

In order to ensure that the policies implemented by me in Chuzhou can be carried out smoothly, I am now asking the emperor to add 13,000 xiang troops from other prefectures to Chuzhou. Each xiang army can reclaim 20 acres of silted fields, totaling 500,000 acres of silted fields, and the remaining 250,000 acres of silted fields can be sold on the spot or used to accommodate the xiang army. In addition, I suggest whether these xiang army can be tattooed on their foreheads and allowed them to be transformed into people, and they can also become real people in order to live and work in peace and contentment!

In nearly ten months since the son-in-law Wang Jinghui took office in Chuzhou in October last year, this memorial is the shortest memorial he wrote to Emperor Yingzong Zhao Shu. It was the first time that the problem was solved within a thousand words. However, the shortest memorial of Emperor Yingzong Zhao Shu and others was very surprised.

The senior officials of the Song Dynasty had known that after the son-in-law Wang Jinghui took office in Chuzhou, he spared no effort to eliminate the Xiang army. The 20,000 Xiang army almost cut half of the military expenditure within half a year. The military expenditure saved every year was as high as 700,000 yuan. Although it was a drop in the bucket compared to the huge military expenditure of nearly 50 million yuan of the Song Dynasty, it was a good start. However, this time it made Emperor Yingzong Zhao Shu so happy that Wang Jinghui suddenly found a new job for the 25,000 Xiang army with the by-product of the water conservancy project, Yutian, at one time. Although Han Qi and Fu Bi were old, they still quickly calculated the most direct benefit - saving 2 million yuan of military expenditure every year!
Chapter completed!