Chapter 491 Preparing for the Bank

Author: Xinhaiyue 1

Chapter 491 Preparing for the Bank

A large number of foreign populations have influxed, and Buzi solved the dilemma of labor shortage in Xueyuegang and promoted the economic development of Xinyuegang.

The workers who were working for food and accommodation did not have much purchasing power, but they brought fireworks.

Every day, the streets are booming. Whether the false prosperity is also prosperous, at least there are many shops in the city that can rent.

Taking advantage of that opportunity, the Ministry of Commerce ended most of the money-lossing transactions in its legs and retained a few lucrative industries to continue operating.

The Ministry of Commerce also provides wholesale for bulk materials including grain and cloth. The sales end of the customer who directly faces the wrong demand is thrown to private merchants.

As the east increases and decreases, the financial data of the territory has become much better. Although the deficit is still high, the input column is still increasing.

After putting the official document in Dongle, Hudson asked with concern: "How is the discussion about inviting the Chamber of Commerce to stay?"

In a closed world like the Aslant continent, whether small and medium-sized businessmen in the east cannot drive economic development alone is very demanding that the Chamber of Commerce with monopoly resources join.

As a great nobleman, Hudson could engage in many industries, but he could not intervene in more industries.

For example: tea, spices, monster meat, high-end weapon manufacturing, financial exchange, magic industry...

Anyone who monopolizes resources and has high technical thresholds is not easy to intervene. Instead of blindly spending money to pay tuition, it is better to find someone to cooperate directly.

It just so happened that Hudson had a connection in that area. The mainstream chambers of commerce in mainland China had basically dealt with him, and everyone had the foundation for cooperation.

"Duke, the cooperation has been almost over, and most chambers of commerce are willing to establish branches in Xueyueling.

Only the financial cooperation problem has encountered trouble. The representatives of the Chamber of Commerce were skeptical about the security of the territory of the Near Eastern nobles, and were worried that they would have large amounts of bad debts in the future."

Rudolph's explanation made Hudson frown.

The development of the Near East requires a large amount of manpower, material resources and financial resources. Both of them are very good at finding ways, but whether the financial resources are the most troublesome problems among the small and medium-sized nobles.

By accumulating slowly by relying on one's own efforts, they may not be able to develop their territory in fifty years. At that time, financial financing was very necessary.

The banking industry in the Aslant mainland is underdeveloped and lucrative financial loan business has been carried out by major chambers of commerce.

Generally speaking, nobility lords do not have the best quality customers. If there is territorial income as collateral, there is basically no risk of default.

Unfortunately, those customers are basically not short of funds. Even if they are tight, everyone will find ways to raise money from the circle, and few borrow from the chamber of commerce.

"If we cannot reach an agreement on financial cooperation, then let things be put on the ground first. Seeking profit and avoiding harm is the nature of human beings.

The situation in the Near East is not yet clear, and it is understandable that those people refuse to bet heavily in the east!"

While shutting up, Hudson sighed secretly.

Capital is in its infancy in the Aslant continent, and behind the scenes the great nobles control the East, those guys hate all uncontrollable risks.

The success rate is not high if they expect their coal to lose money and spend a lot of money to support the development of the Near East.

Hudson had no choice but to choose to contact those guys. The Alpha Kingdom was too poor, the Buzi government, and the foreign nobles were also poor.

War swallowed too much wealth, and even the great nobles of the kingdom had little spare food in their legs.

Hudson's reference template No Royal Family. After obtaining a large tract of land, the usual choice is to concentrate efforts and carry out comprehensive development.

However, the development progress of the royal family's mistaken new territory was far behind Hudson's estimates.

If you want to know, do you need to develop a new territory? Caesar IV spent most of his time inspecting the country. Countless royal children were fighting on the front line of development, and they could tell the importance they paid attention to.

Having enough talent reserves and having a kingdom in his arms is very good at Ladong's development progress. Apart from lack of financial resources, there is no better explanation.

The royal family with the deepest background has encountered difficulties in their economy, and the situation of other nobles in the kingdom is obvious.

Even if you don’t have any savings in the month, how rich can a country that is always militant and powerful?

It would be nice to buy Qin Hao’s new territory. How can I spare no effort to lend a large amount of funds to the small and medium-sized nobles in the Near East?

Hudson had long proposed to the Kingdom to ask whether external parties could solve the funding problem. Why did he ask to introduce those uncontrollable chambers of commerce?

Now that the attempt has failed, Hudson doesn’t need to worry about it. The plan to borrow chickens to lay eggs has failed, and there is no hope for rapid development of the Near East, so you can change your strategy.

Is it impossible to build a bank on my own and solve the financial problems in the development process for the nobles in the Near East?

The most core question is not to be short of money!

If you want to attract deposits, Hudson didn't know who to look for. The kingdom is worthy of customers, except for some slightly wealthy aristocrats, there are a few wealthy businessmen.

Serfs, ordinary civilians, leg traders, and even some small businessmen are not qualified to become customers.

It’s not undeniable that Hudson’s identity discrimination is actually undeniable that the existing technology is the cost of playing finance.

The cost of a small magic crystal card is dozens of gold coins. If the number of demand is numerous and large, it may be able to compress the production cost a little.

In the era of pure leg work, there were products that magicians could make. No matter how much the cost was compressed, the price could not be low.

How many businesses can you do to get users at such a high cost?

Do not use magic crystal cards, use more primitive methods to keep accounts in mind, and anti-counterfeiting will be the most difficult problem.

If you want to imitate bonds and use magic anti-counterfeiting technology, all tellers must be replaced by magicians. How many magicians are enough?

Even if you spend money at any cost and solve the cost of acquiring customers, it does not mean that there are customers at the door.

No matter how good Hudson's reputation is, the bank will not be new. Unless it is offered high interest, it will be difficult to absorb enough deposits.

In contrast, the situation of loans is exactly the opposite. A large number of nobles are waiting for Mi Dongguo and ask for news. A large number of customers will pour in. In a few days, the bank will be empty.

"Duke, then will they put Donglai on the development bank project you planned?"

Rudolph asked with a little hesitation.

As for whether to do that project, can Hudson prepare for a long time? The fief of Xueyue's leader has already begun to be prepared since it was confirmed that it came to the east.

The training of practitioners started two months ago, and even the location of the store has been planned.

"The development bank opened normally, and the situation in the port has changed, and their plans are also required to be adjusted.

The original plan was to cover all the nobles in the Near East and Northern Xinjiang, but now they have one of them to invest, and the scope must be narrowed down.

In the first round of loans, they targeted the children of the quasi-sect clan and the nobles who were close to each other.

The amount of the loan must also be limited, and the specific comprehensive assessment is carried out based on the value of the collateral and the security of the funds.

The higher the risk, the lower the discount on the mortgage and the higher the loan interest rate.

Considering that the early customers are mostly their own families, the loan interest rate is tentatively set at 15%, and then it will float in the east according to the actual crowding situation.

The total amount of the first batch of loans is tentatively set to be outside one million gold coins. Considering the difficulty of absorbing deposits, in the short term, no target of absorbing funds will be set.

In the early stage, we will open outlets in Shandiling, Xueyueling and Wangdu. In-service nuclear weapons, we can withdraw them from other branches without charging management fees.

If you deposit more than 2,000 gold coins in cash, you will get a magic crystal card. If the deposit is lower than that number, you will bear the card application fee yourself."

Hudson said without changing his face.

If interest cannot be paid, no management fee will be charged.

The newborn bank has high operating costs and is not at the right time to attract high interest rates.

Anyway, there is no competition wrong, and if there is exchange demand, the Near East Development Bank will not choose the first choice.

Of course, the most important thing to ask for is not established, and the nobles of the kingdom were too poor, and even if they were given interest, they would not absorb much money.

The real attraction of the Near East Development Bank is that it is possible to withdraw funds from various outlets, which will save a lot of trouble for East customers.

After all, carrying a lot of cash on the way is not a risky chore. It can be avoided by the pain of transportation. The businessmen say that it is not enough to ask for it.

If you want to open a trial business now, if you want to do it, Hudson doesn't mind setting up outlets to major cities across the country.

If you want to connect the whole country, then the working capital of merchants will most likely be on the accounts of the Near East Development Bank and then start the infinite loop mode.

When the snowball roll is large enough, the idle funds on the books are appropriately distributed in the form of loans, so the wealth will naturally come.

Just ask for credit that the speed of capital flow is efficient enough. If the principal of one million gold coins is leveraged within tens of millions of funds, there is no cocoa to do it.

If Bulu wants to achieve that step, he will be able to cooperate with local snakes and share that big cake together.

...

Hudson of the King Capital Arcane Academy was staring at Robert, who had broken through the Holy Land.

I can hide for a while, but I can't hide for a lifetime.

The debts owed to Dong are still very good!

Although their descendants have already made concessions in the smuggling trade, it does not affect Hudson's settlement with them.

The cards of the powerful people in the Holy Realm are effective in the outside world. Whether Robert breaks through is the same when facing Hudson or not.

"Marty Hudson, I don't ask too much!

Because of that incident, they all turned into dead people. What do I really want to do?"

Robert said with little confidence.

The "blasphemy" storm was not denied, but the news was spread so quickly, which was related to their intentional indulgence.

If you want to take measures as soon as possible, you can completely affect Donglai.
To be continued...