Chapter 1018

"Also, I heard Wang Wushan mention it before, and it seems that Your Majesty is interested and is planning to wait until the cotton industry on the north Shaanxi Road develops, the winter clothes of the Song Dynasty military in the future will be purchased for cotton products to make."

The father and son talked about doing business until the third update in the middle of the night, and then they realized that it was so late.

Seeing that although his father was energetic, after long-term running, Wan Bin had to get up and say goodbye and let his father recuperate earlier.

"Okay, then I'll take a rest first. I'm old. You will have to take over the huge family business of our Wan family in Jiangxi in the future." Wan Yong stood up and patted Wan Bin's shoulder with satisfaction, and said with relief.

"You do your business here well. If you do the bank well, it is probably just a matter of your Majesty's words."

After Wan Yong came a few days ago, he went to Yanzhou for a walk. At this time, the Financial Act was finally ordered. Even if it was just a trial draft, it had at least entered the practical stage.

At this time, the time finally came to the end of the year. Ten days before New Year's Day, the Preparatory Committee of the Song Dynasty Financial Institutions and the China Banking Regulatory Commission of Shaanxi North Road in the Song Dynasty were quietly established in a house not far from Hongzhou Prefecture.

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

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

And on the same day, they received seven large orders, and seven wealthy businessmen who were familiar with Wan Bin, the branch manager, deposited a total of 80,000 yuan of property from Hongzhou Branch.

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

In addition, several businessmen also borrowed more than 30,000 stale money from Chang'an Bank on the same day and bought goods and prepared to sell them to other places.

And that was only a 20% annual interest rate, which directly caused the vendors who are doing business in these six states to explode.

For 20% of the annual interest rate, you should know that even the most moral, honest and kind private lenders have the lowest annual interest rate of 40%, not to mention that most of them are 60% or 70%, and even 200% of the annual interest rate of usury.

This made the vendors who came to support the market inquire about the bank's lending business. Fortunately, they had sufficient preparations before and printed thousands of introduction books of Chang'an Bank of the Song Dynasty. They were snatched up that morning and had to take out the introduction books that were ready to be distributed the next day from the warehouse to fill in the amount, which met the demand.

Moreover, a large number of businessmen waved the introduction booklets in their hands and asked how much they could borrow.

In short, on the first day of its opening, this bank, which originally occupied a wide area and was as big as five or six shops, was crowded and crowded.

In the end of the trouble, Wang Yang had to send people to send the service to maintain order. The next day, Wan Bin's old father Wan Yong simply sent all the twenty good men he brought, and Wan Bin also sent all the twenty guards around him.

Finally, the situation can be maintained without the need to use the power of the government.

The next day, although the business was completed, only five were savings and two were loans, there was no business. The nearly fifteen accountants sitting at the front desk were not handling the business most of the time, but explaining to potential customers how to do bank lending business.

What will we do if you customers want to deposit? How do we charge when you want to withdraw money?

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

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

"Although there are not many businesses, I think this is normal. After all, the lending procedures of our bank are much stricter, but they can ensure that the interests of our bank are not easily damaged to the greatest extent." Wan Yong turned his head and said in a low voice to Wang Yang.

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

"At least two other loan officers need to be reviewed and signed. Finally, after a supervisor reviews, they will be stamped and signed before they can be borrowed."

"In addition, each 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 another will be handed over to the China Banking Regulatory Commission for filing..."

"Although it seems a bit complicated, it can be verified. If someone borrows money and refuses to repay it one day, as a bank, it is naturally impossible to use the method of using lynching in the private sector to force it, but will apply for a ruling from the government."

"The records of the CBRC will provide the necessary basis for the government's ruling. Moreover, if there is a problem within the bank, you can naturally ask the CBRC to come forward..."

"My Lord Xiao Wang, I admire your methods very much. In this way, I can finally leave Shaanxi North Road with confidence and return to my hometown in Jiangxi to enjoy my old age." Wan Yong stroked his long beard and said with great emotion.

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Although the opening of Chang'an Bank in the Song Dynasty only caused a stir in a small range, the wealthy merchants who were doing business on Shaanxi North Road gradually recovered and couldn't help but feel a little excited.

After all, many wealthy businessmen have tens of thousands of dollars of family assets, and they can only keep them aside from buying land and farming, and they don’t know what industry they should invest in.

Now, there is a bank, a professional lending industry, and it is said that it is a legal lending company recognized by the government. This is not surprising.

However, after learning that the bank's lending business was at least 10% or 20% or 20%, the hot flame in their hearts couldn't help but extinguish a little. They decided to wait a little longer and see what the situation was.

However, the heads of these businesses went to Chang'an Bank to visit, which made Wan Bin very busy just receiving these guys.

At this time, the six prefectures on the North Shaanxi Road of the Song Dynasty finally introduced an immigration bill, which determined that all citizens of the Song Dynasty could migrate here.

However, when they migrated, they naturally could not get preferential policies like the Xiangjun and their families. However, Shaanxi North Road still introduced other preferential policies: loan immigration.
Chapter completed!