Chapter 18 Conditions for establishing a new bank
As for Russia and the United States.
The Soviet Union's own ethnic policy was a mess. Moreover, it seems that socialism was inappropriate for a long time. During his time in the Ming Dynasty, he finally understood the limitations of history.
No matter how exploitative capitalism is, as long as it can improve the income level of the people at the bottom, no one will be fair or unfair for a long time.
Just a break in this high growth. That will cause problems.
Therefore, every time there is an economic crisis, there is a wave of corruption.
He Xi couldn't change this.
Now He Xi only needs to establish the industrial revolution and carry out social system reform throughout the Ming Dynasty. Then, the Ming Dynasty will usher in a long period of expansion in the future, which is also the Victorian era of the Ming Dynasty.
Before weakness, no one would think of revolution.
As for the United States, its territory is not small, but its internal governance is a mess.
Establish a capitalist empire to control the territory of the Ming Dynasty, and manage huge overseas vassals and colonial governor-general offices in the future. He Xi is also very concerned about the political structure, power checks and balances, distribution of interests, etc.
There is even a feeling of not knowing how to start.
This is a brand new topic for He Xi. There are only few references in future history.
However, one thing is certain. That is, China will need an emperor for a long time to come. Not that the emperor has any role. It is a kind of inertia of thinking. For many ordinary people, they cannot imagine a court without an emperor.
Even to reassure the people and unify their thinking, an emperor is needed.
But how much power the emperor has, how much the emperor needs to do, and the internal distribution and checks and balances of power, He Xi is not sure.
Zhu Xiongying can only let him think about it.
After hearing He Xi's words, Zhu Xiongying smiled bitterly in his heart and did not ask, what should he do if he couldn't solve this problem?
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Even if He Xi set off a wave of reform, when this wave really came, He Xi would not be able to control everything 100%.
After He Xi discussed with Yang Shiqi. Banks were reformed.
First of all, it was determined that the Ming Bank became a currency issuing institution and was responsible for gold and silver exchange. Determine the interest rate. and is no longer directly responsible for business operations. The original business of Daming Bank was taken out separately to establish an account bank.
Responsible for the allocation of all tax funds, the payment of salaries at all levels, etc.
In addition, the Bank of Communications and the Customs Bank were also established.
The Bank of Communications naturally merged industries such as inns and railways into it. Taking advantage of these stations, there is also railroad surplus as principal in the bank. Many large state-owned enterprises have close ties with railways, and most of their funds are in the Bank of Communications.
The Customs Bank naturally uses customs taxes as its immediate expenditure and mainly deals with customs trade.
After discussing with Zhu Xiongying, Zhu Xiongying also asked for a bank name, that is, the Royal Bank as the emperor's personal property. The annual royal fee of one million taels is directly transferred to the Royal Bank.
This is also a strategy Zhu Xiongying has been thinking about for a long time.
If you can't beat it, join.
No matter what the future may look like, one thing is certain. That means the past must be the past. Zhu Xiongying decided to follow He Xi's example and establish a huge consortium, the Royal Consortium.
In order to manage the Ming Dynasty at the economic level.
If the royal consortium can achieve Samsung's status in South Korea, then the status of the Ming Dynasty royal family will be unshakable.
So this is the first step for Royal Bank.
After determining the head office and the four major banks. Six bank quotas were released.
These six bank quotas must be sold and auctioned, and at least two million taels of gold and silver reserves must be paid.
This is especially important.
He Xi has been hoarding precious metals. as the basis for issuing banknotes
Ben, accumulated over the years, there are probably more than 50 million taels of silver and more than 6 million taels of gold. The total is about more than 100 million taels.
Quite a few of them are from Japan. There are also many from the Western Regions and Southeast Asia.
Because of He Xi’s large-scale exchange.
Folk silver coins, gold and silver are becoming less and less. Most of them are paper money.
But even so, He Xi still suspected that the people of Ming Dynasty had a large amount of gold and silver.
In fact, there was very little gold and silver in the early Ming Dynasty. The main reason is that during the Yuan Dynasty, the nobles of the Yuan Dynasty spent a large amount of gold and silver to purchase rare treasures from the Western Regions. A large amount of gold and silver flowed out, so that in the early years of Hongwu, printing banknotes was a last resort. The gold dollar printed banknotes, not much copper coins. Read the book
Not much money.
And Ming Dynasty always needs a trading medium.
Only then did he have treasure money.
But after He Xi came to the Ming Dynasty, large-scale maritime trade and a huge trade surplus occurred. Let Nanyang, Japan, the Western Regions and other places simply not have enough goods to trade with the Ming Dynasty, and they need the Ming Dynasty's goods. As a result, large amounts of precious metals flowed into the Ming Dynasty.
That's why there are so many precious metals.
He Xi issued three times and nearly four times the amount of precious metals based on this amount. In other words, the total currency circulation is already over 400 million yuan.
Coupled with the leverage effect of banks, this is the basis for He Xi's confidence in getting a good 100 to 200 million military expenditures from the financial market.
Needless to say anything else. Six banks, each of which pays two million taels of gold and silver, can print out six million taels of banknotes, or even more. As long as the price of gold, silver and currency can be kept from collapsing, there will be no problem.
And once these gold and silver enter the bank of the head office, there is almost no need to think about them.
What comes out is just paper money.
From this alone, the court could make a profit of more than 10 million yuan.
Enough for a year's military expenses.
In addition, there is also the determination of the share of the national debt. They must underwrite the national debt. Who underwrites the most treasury bonds. Who is among the six places.
But even so, everyone gritted their teeth and launched an attack on the six bank quotas.
However, these people are not fools. They know that competing with each other will only make others easier, and everyone is determined. Not even every bank can support it. Everyone must unite.
Therefore, everyone has a tacit understanding. Put the amount of treasury bonds distributed at 10 million yuan. Without him, everyone knows that He Xi wants 100 million in national debt. Naturally, I want to give He Xi some face.
The national debt used to be 40 million, but now six banks have 60 million. Just 100 million yuan.
First, the Liaodong Bank was identified, which was the core of the Liaodong faction. It was presided over by Xie Lun and supported by businessmen from the Liaodong faction, so there was no problem.
Secondly, there is Suzaku Bank.
These people are actually a coalition of nobles at all levels. Although these nobles have problems and conflicts of one kind or another, there is no conflict among them when it comes to making money. The Ming Dynasty was still red, and Nanjing was in the south, which coincided with the Suzaku. They used the name Suzaku to hint at their identity.
Then there is Nanyang Bank.
This is also the reason why the course is opened. It is a bank headed by the Nanyang Lu family and some vassal kings. These people are the most generous in taking action. In fact, Beijing is beyond the reach of Nanyang. However, the economic ties between Nanyang and Beijing are difficult to sever.
Due to the poor communication between Nanyang and Beijing, a large number of Ming Dynasty goods withdrew from the Nanyang market. This made it very difficult for the Nanyang Ming army to rule the region, and the King of Chu even suffered a major defeat. The King of East Java almost came to the city with his troops.
Fortunately, the channel has been opened. With a steady stream of goods arriving in Nanyang, there are even more sophisticated weapons of all kinds. This made King Chu's back hardened. In fact, the establishment of banks in these places does not require approval from Beijing. But they still want a ticket to Beijing.
After all, facts have proven that Nanyang is not incapable of simply existing without the Ming Dynasty. It's just going to be difficult. One bad move will lead to the fate of the four towns in Anxi. In particular, Ming Dynasty has only been operating in Nanyang for more than ten years. It can be said that all parts of Southeast Asia most hope that the Ming Civil War will end as soon as possible.
In fact, they did not want to take sides. However, when Nanjing and Beijing started fighting, the production capacity of the Taiping Iron Works was completely occupied. In the past, Nanyang purchased weapons from the Taiping Iron Works.
However, the weather in Southeast Asia is humid, and any weapon made of iron will corrode very quickly, which means that the weapon consumes a lot of money. The Taiping Iron Works cannot guarantee the supply of weapons from Nanyang. What can these people in Nanyang do?
We can only desperately try to find a way to smuggle it over from Beijing. At the same time, they also determined one thing, just in terms of weapons production capacity. Know the smallest details. Beijing's victory is highly likely.
