Chapter 751: Shearing the wool

"My grandfather is very proud. In this incident in Liaodong, the military is anxious and the people are slowing down, which can be said to be complementary. △￠, the former gathers the hearts of the generals and does not damage the combat power of the army, and the latter does not harm the interests of the people, and focuses on future development. It can be said to be a high-level perspective and can be the key to military and political affairs in various places in the future." Chen Zilong is the meaning of summarizing experience, but he doesn't know that things are a bit different from what he thinks.

The wool still needs to be sheared, and this action has been started, but Chen Zilong just doesn't know.

He waved his hand to show his humility. Chen Xie glanced at Chen Ping who was standing respectfully and asked with a smile: "How many days have you been in the Mint Bureau? How do you feel?" This was just a casual question. He didn't expect Chen Ping to answer a question. He never thought that Chen Ping had taken the exam as a school entrance examination. He pondered it carefully and sorted out everything in his mind. The more he thought about it, the more he felt that the question was a little bigger. He didn't know what to say for a moment, but he was stunned.

Chen Xie looked surprised when he saw this. Li Xiang wanted to remind Chen Ping next to him, but his eyes stopped him. The room suddenly became quiet. Chen Ping, surrounded by everyone, suddenly woke up from his thoughts. Looking at the gentle smile of his father opposite, he felt much less nervous.

"Father, there are too many things, I don't know where to start." Chen Ping finally replied, which sounded at a loss, but in fact he was inspired. A Ming Dynasty man's understanding of finance determined that even if he had extremely high talent, it would be difficult for him to sort out the various complex relationships here. In fact, Chen Xie was an outsider, and his knowledge in finance was all acquired. Relying on his strong learning ability after cheating, he reached a higher level. Of course, this higher level is for this era.

"It's okay, let's talk." Chen Xie became interested. In front of him, the son fell into deep thought, and he could be distracted. It was obvious that he must have thought of a lot of things and was directly trapped in.

Chen Ping said: "As for your father's order!" Then he paused, pondered for a moment and spoke: "I have seen the coin minting records in recent years. Every year, it is maintaining a steady growth trend. It is not difficult to find that taking the last five years as an example, the total coin minting in the first year was 18 million silver dollars, the second year was 23 million, the third year was 30 million, and the last year was 36 million, and the plan this year was 50 million. At first, my son judged that the coin amount was related to silver inventory, but later I

After careful observation, I found that the number of silver coins invested in the Ming Dynasty only accounts for 40% of the total issuance volume every year, and the remaining 60% of the currency is invested in overseas markets. After careful observation, it is not difficult to find that the only legally circulated currency in the overseas territory of the Ming Dynasty is the only currency issued by the Dafa Bank. My son never understood this very clearly. Is there any inevitable connection here? If the issuance volume of currency is related to the deposit of silver, it makes sense. The silver flowing into the Ming Dynasty every year is more than 50 million taels?"

Speaking of this, Chen Ping couldn't continue to say it, and he really couldn't understand the relationship. What Chen Xie showed on his face was no longer solemn. He was not simple, so he could think of these issues. In order to understand some of the knowledge of finance, he relied on his cheating mind to memorize the history of financial development and a huge amount of financial knowledge. Then he slowly understood it in reality and understood it a little.

Because of some special reasons, Chen Xie did not dare to spread the knowledge of finance to the Ming Dynasty. What he was afraid of was that the emperor had to print money by himself when he opened his mind. The Emperor of the Zhu family had no moral integrity in this regard. The treasure banknote was destroyed by them. After a large amount of silver poured in, silver became the actual currency of the Ming Dynasty. Chen Xie made silver coins, which seemed to have no change in essence, but in fact it was a means of concealing the truth. The currency issued by the bank was treated as a silver round.

In fact, only one silver round is invested in about seven cents of silver. It has no actual weight, but can be used as one or two silver, relying on a strong credit foundation. Let’s put it this way, just minting the silver coins itself can bring huge benefits to Chen Xie every year. After the silver coins became the circulating currency in the market, they established a credit foundation and then began to issue copper coins. After years of hard work, they finally established the current monetary system, gold, silver and copper.

The currency circulating on the market is 1 gold = 10 silver, 1 silver = 10 jiao copper coins. The copper coins are divided into five cents, two cents, and one cent. The purchasing power of the currency in this year is very strong, but with the inflow of silver, the increase in currency will naturally lead to inflation. What Chen Xie does is to unify the chaotic silver of the people, control inflation, and serve his own interests. As Chen Xie's tentacles extend overseas, the financial industry naturally follows.

With the absolute advantage of military and trade as the background, Chen Xie forced the provision that the only settlement currency in overseas areas is the Huayuan he issued. Even if you bring tons of silver and gold, you cannot use it directly when you arrive at the local area. You have to go to the bank first and exchange it for currency to buy things in the market. If a merchant violates this regulation, warns the first time, fines the second time, and still does this for the third time, then you will be in trouble. In the mild case, you will lose all your money, and in the severe case, you will be in prison.

Chen Xie could do these methods overseas, while in the Ming Dynasty, only Liaodong and the senior officials did this. Jiangnan, which had been in operation for many years, could not achieve currency unification, and this set could only be implemented within the Huating New District. However, the merchants in the Ming Dynasty are willing to use Chen Xie's currency. The reason is very simple. One is that it is convenient. Whether it is the banking system or settlement, it is much more convenient than the previous silver. The silver and coins in the private sector are of different quality and inconvenient use.

Therefore, it is true that Huayuan has become the mainstream currency of the Ming Dynasty, but in a country as big as the Ming Dynasty, it is impossible for the people to eliminate the circulation of other currencies, and Chen Xie does not have the ability. Overall, traditional silver gradually withdraws from the currency market, and replaces it with the more convenient Huayuan. The one who has made the greatest contribution here is naturally the banks.

Chen Xie smiled with satisfaction, and Chen Ping's performance far exceeded his expectations. A young man who has no financial system education and has just been in a local branch can see the problem from the issuance of currency. "What else can you find? You can continue to talk about it." Chen Xie encouraged, and Chen Ping became nervous. What he wanted to say next was a random thought and some personal experience of working in a bank.

"When I was in the Jinan branch in the past, I realized that the most important thing about banks was to connect the world. This function brought great convenience to merchants. Another thing is that the daily expenses of ordinary people are no longer troubled by various miscellaneous money, and also save a lot of money-changing exploitation. Banks are beneficial to the Ming Dynasty!" Chen Ping said this, Chen Xie suddenly laughed and asked, "Why does it come from?" Chen Ping bowed respectfully and said, "One harm is also a money house."

Chen Xie laughed loudly after hearing this. This is the truth. The bank in the Ming Dynasty was run by banks. If it were ordinary people, it would probably be a bank that had been smashed. The bank that Chen Xie opened had no such risk at all. Of course, Chen Xie's banks are mainly concentrated in provinces such as Zhili, Shandong, Jiangnan, Jiangbei, Henan, Fujian, Shanxi, and other provinces, at most, banks in provincial capitals opened in provincial capitals. The reason for this situation is that the strength of local forces and Chen Xie is unwilling to cooperate with local forces. Now, it is different. If they do not cooperate in the past, the bank cannot be opened. Even if they do not cooperate, they can slowly extend to every corner of the Ming Dynasty, just a short time.

Chen Xie is no longer willing to consume too much energy within the Ming Dynasty, so let the bank itself slowly swallow it.

"Go and call Zheng Hao!" Chen Xie explained to Li Xiang, and soon Li Xiang led a man in his early forties in. This person looks ordinary and is a new version of clothing common in Liaodong. When he saw Chen Xie and others, he saluted respectfully. After seeing them one by one, he said to Chen Xie: "What are the instructions of the grandpa?" Chen Xie pointed to Chen Ping and said: "On the stock exchange, you should take Chen Ping, don't deliberately teach him anything, just let him follow him."

Zheng Hao was one of the orphans adopted by Chen Xie in the early days. He worked in banking for ten years. When the Huating New District Stock Exchange opened, he was one of the first person in charge. Zheng Hao is now the general manager of the Liaodong Stock Exchange of the Ming Dynasty. As of now, Chen Xie has only three stock exchanges under his name, namely Xinghaicheng, Huating New District, and Liaodong. Liaodong Stock Exchange, which was opened in the first year of Jianxin.

There is no stock statement on the stock exchange today, only "preserve futures" trading. Look at this term, you will know how cheating Chen Xie is. The rules of the stock exchange are naturally copying some modern mature rules. Its original hedging role was quickly ignored by the merchants of the Ming Dynasty under some conscious guidance, and they discovered the huge space for speculation. It can be said that there are smart people everywhere, or people who think they are smart. Whether it is futures or stocks, there are very few people who really make money. But people are so strange, and they always feel that the most lacking in this world is people who are stupider than themselves. They always feel that they have the opportunity to be the next lucky person, and thus ignore the huge risks therein.

Let me put it this way, the rules of the game were formulated by Chen Xie. When he formulated the rules, he would definitely look fair, but in fact it was beneficial to him. Especially in a new thing, it was still an extremely dangerous field of speculation. At the beginning, he could show off a face that serves the people wholeheartedly. To a certain extent, he naturally had to deal with those speculators and shear them. (To be continued...)
Chapter completed!