Chapter 1009

The more you see the content, Wan Bin became more shocked. Yes, he never expected that the institution that Wang Yang conceived, called a bank, was actually a professional lending institution.

It also takes into account the function of savings. However, the loans issued by this bank are divided into commercial loans, industrial loans and agricultural loans, and the interest rate of each loan is different.

But one thing is that the interest rate of its loan is really low, well, a bit pitifully low. However, once the bank becomes a loan system recognized and certified by the government.

Then its size and size are terrible just by thinking about it. Even this bank can only be opened in these six states on North Shaanxi Road.

But the problem is that the government approved that the lending interest rate is not high, the only institution that can be responsible for lending is...

Wan Bin seemed to have heard the sound of the copper plate falling to the ground like a rainstorm in his ears.

Wang Yang sipped the wine in a small mouthful, while holding delicious food, while admiring Wan Bin's expression changes. From the initial shock to the later shock, his eyes and expression became moving, and then there was a kind of greed and possession that was difficult to describe in words.

Seeing his obvious and unconcealed expression change, Wang Yang knew that he had successfully convinced Wan Bin, an old mall driver, with this planning letter.

"We have to do this bank, and we must do it. Brother Wang, this bank must be done by Wan. First, who can dare to say that we will get hundreds of thousands or millions of guan at once to make the principal?

Secondly, the Wan family in Jiangxi is well-known in the Jiangnan area and value business ethics the most, but they are much stronger than those who forget their righteousness when they see profits…”

"Brother, calm down first... hurry up and have a drink." Wang Yang didn't expect that this guy would say it naked as soon as he finished watching it. Although Wang Daren was very pleased with such a reaction, the problem was that things could not be so urgent.

After Wan Bin ate the taste and poured two glasses of fine wine in a row, and then looked at him with his unusually large eyes. Only then did Wang Daguanren put down the cup and chopsticks in his hand.

"It seems that Brother Wan is very interested in this bank? Moreover, if this first bank in the Song Dynasty is handed over to others, I am really worried."

"Haha, that's a must. Don't worry, it's definitely not wrong to hand it over to Brother Yu." Wan Bin breathed a sigh of relief, and the smile on his face became more and more enthusiastic.

"But, have you seen clearly that plan? Banks must be supervised by the China Banking Regulatory Commission, which is now being prepared to establish the Dasong Financial Institution Preparatory Committee."

"Of course there is no problem with this. But what does this Song Dynasty Finance mean? Will it affect our bank business?" Wan Bin nodded, his eyes turned, lowered his voice and asked Wang Yang.

"No, it will only conduct a regular audit of your accounts within each fiscal year, and two non-notification audits to check whether the bank has any violations, such as raising borrowing rates without authorization, or raising agricultural loans to merchants, etc...."

After pondering for a moment, Wan Bin nodded deeply. "It makes sense, after all, the interest rate of commercial loans is the highest. I think if no one supervises and checks it, this might really happen."

"In addition, although this financial institution preparation committee is an official institution, they do not belong to the government. In other words, the government and they do not belong to each other. This committee will be directly responsible to the court, and its staff will only be appointed or selected by the court..."

"But, what if there is internal problems with the CBRC you mentioned, or if they collude with the bank and do something secretly, then what should I do? After all, don't you say that they are not subordinate to the government?"

"Although the Censor of the Song Dynasty and the government are not subordinate to the China Banking Regulatory Commission, if such a problem arises, it is illegal and the government will naturally come forward to punish them. Those who deserve to be sentenced will be sentenced, and those who deserve to be fined..." Wang Yang smiled and shrugged.

“That’s why the financial bill needs to be drafted before a lending institution is established.”

"Brother, I wonder if you are willing to join the preparatory committee of the Song Dynasty's financial institutions with me. I need someone to help me draft this bill. And I also need you to try to convene a group of talented people with experience and mathematics..."

"I, too, join the preparatory committee of this financial institution?" Wan Bin showed surprise at first, but Xuan Ji shook his head again. "Wan still thinks it is interesting to do a business that can make money."

"Of course there is no problem with this, but before the bank is established, you can draft a bill with me first. After all, you need to have an identity to do things."

After listening to Wang Yang's explanation, Wan Bin breathed a sigh of relief and naturally patted his chest to assure Wang Yang that he would write a letter tonight, and then strive to get the Wan family in Jiangnan to send a group of accounting rooms that are skilled in finance as soon as possible.

In addition, this guy still asked Wang Yang about establishing a bank. Since the other party was so excited, Wang Yang naturally couldn't refuse, so he told him about the general structure of the bank in Liuzhou, Shaanxi North Road, which he was about to establish.

"Because this is the first bank, everything is experimental. Maybe there will be some adjustments after the trial run, but some things can be determined."

"If you want to establish a bank, capital is the key. You can only be qualified to establish a bank at least one million yuan. Moreover, private banks will only open their business on Shaanxi North Road for the time being."

"It is a good thing to set the threshold for entry to a higher industry, but I'm afraid that the threshold is too high..."

"It's okay, private banks are not only sole proprietorships, but also joint-stock banks, the kind that everyone invests together to establish."

"But what if someone borrowed a loan here and fled without repaying the loan?" Wan Bin asked a very critical question.

"So there is a special person to review whether the other party has fixed assets or other property. When the other party lacks the ability to repay, then these assets and property will be handed over to the government for sale. After paying the bank debts owed by the other party, the remaining income will naturally be returned to the debtor."

"It seems that the most important thing about this loan is to review the loan. Whether the other party has the capital and whether it can be returned. These require someone to go to a special visit."

"Yes, so, in the financial law, there are also crimes about financial fraud, such as the other party deliberately fooling the reviewer and saying that a certain house is his fixed asset, and then borrowing from the bank with this."
Chapter completed!