In early February, the ice and snow gradually began to melt, and spring was approaching.

For the people of Beijing, something new has appeared in Beijing, that is, four "Royal Banks of the Ming Dynasty" appeared in the four directions of the southeast, southwest and northwest.

On the day of opening, many ordinary people went in and took a few glances and immediately learned that they could deposit money into the "Royal Bank of Ming Dynasty", with an interest rate of 10% per year. At the same time, they could borrow from the bank, and they could borrow as long as they had a mortgage. The annual loan interest rate was 15%.

At the same time, you can open an account with one or two silver coins, and there is no cost to open an account.

For people at this time, such banks have never seen one before. Although those Shanxi Piao numbers are convenient, they can store money in Shanxi Piao numbers, and not only do they have no interest, but they still have to charge fees.

Deposit spare money in the bank, and you will have 5% interest for one year, 7% interest for three years, and 10% interest for five years, which makes many ordinary people very moved, but there is no scramble to save money.

Many ordinary people still have doubts. What if the money is deposited and cannot be taken out?

The world belongs to the emperor. If the emperor says that the money is his, wouldn’t it be a disaster? So many ordinary people began to wait and see.

However, some people still try to deposit the money in the bank, and the result... it turns out that way, you can withdraw it at any time when you want to use it. It’s just that the money is more than 100 taels, and you need to make an appointment two days in advance.

Zhu Youxiao did not go to the military camp on the day the opening of the Royal Bank of Ming Dynasty, but came to the streets to observe. There were a lot of people in, but they did not save so much money.

When Zhu Youxiao learned about the concerns of the people, he was depressed on the spot. He originally thought that the royal credibility would make the people deposit their money in the bank with confidence, but he did not think that it would have become a concern for some people.

"Li Jinzhong, please ask someone to go to the bank to hang a sign and write 'You no joke' on it'." Zhu Youxiao was depressed and could only use his brain. Then he had an idea and immediately ordered Li Jinzhong.

"Yes, the emperor." Li Jinzhong bowed and hurriedly went to make arrangements.

When this brand was launched, the bank's business suddenly exploded. Many ordinary people finally had the courage to deposit their money into the Royal Bank of the Ming Dynasty.

10% interest per year! This is very attractive to many ordinary people. If you save 10 taels of silver, you can get 1 tael of silver every year.

If you deposit 100 taels of silver into the bank, you will get 10 taels of interest every year, which is equivalent to getting a sufficient source of income for living without working.

By the way, the interest rate of this 10% is indeed relatively high. In order to gather idle private funds, Zhu Youxiao had no choice but to offer such a high interest rate.

Banks and depositors also have a relationship between buyer market and seller market. When banks are not popular, banks must pay higher interest if they want to attract people to deposit funds into banks. At this time, depositors have the advantage, and when society develops to a certain level and people are unable to live without banks, at this time, banks have the advantage, and the country can continuously reduce salaries and even reduce interest to almost no level.

Zhu Youxiao also wanted to offer interest at midnight, but that would not attract depositors at all.

Although the annual interest rate of 10% is high, it can still be supported compared to the investment return that can be earned. After all, the emperor has a lot of official power and cannot make 10% profit, so it would be better to kill him head-on.

In order to attract depositors, the Royal Bank of Ming Dynasty also distributed deposit boxes to the people. The people can usually save up broken silver and copper coins, and then get deposits from the bank account opening.

As for other businesses, there is no one yet.

Compared with Shanxi Piaohao, which is mutually exclusive to each other, the newly established Royal Bank of Ming Dynasty is more like a guarantee company in later generations. After saving money, opening an account is not much different from a guarantee company in later generations.

However, Royal Bank of the Ming Dynasty has a banking system after all, and as long as the scale is expanded, various businesses will be improved one after another. With deposits, you can get interest and have a competitive advantage that money shops do not have.

After the opening of the four Royal Banks in the capital, they absorbed 830,000 taels of deposit on the first day. In addition, Zhu Youxiao paid 1 million taels of capital, and he already had 1.83 million in capital.

The next day, the deposits attracted suddenly increased to 3.2 million taels, and many nobles and merchants deposited their money into the Royal Bank of the Ming Dynasty for interest.

The president of the Royal Bank of Ming Dynasty was Yang Ruiguo, who was the shopkeeper of Shanxi Piaohao. He was poached by the Royal Bank at a high price. When he established the bank, he had a lot of business philosophy exchanges with Zhu Youxiao and was a smart and capable talent.

If you absorb deposits, you will naturally have to lend.

In terms of lending, Yang Ruiguo and the emperor agreed that the mortgage must be secured, so as to strictly control risks. As a bank run by the royal family, if the Royal Bank of the Ming Dynasty goes bankrupt due to a large number of dead accounts, its reputation will be terrible.

Therefore, when the Royal Bank of Ming Dynasty issued loans to the private sector, the assessment of the mortgaged assets was very strict. A house worth 100 taels of silver was mortgaged to the Royal Bank of Ming Dynasty, and only 60 taels of silver could be loaned. If the loan could not be exchanged, the mortgaged assets would be confiscated by the bank.

Private lending is not the main force, it is still its own investment.

The grain store on Cao Jinyu's side has also been opened. In the Gyeonggi area, a sales channel has been formed using the Huangdian network.

However, this grain store is not a royal name, but is still operating as a private businessman. At the same time, Zhu Youxiao issued an order to allow Cao Jinyu to participate in the discounted grain transactions in various prefectures and counties on the grounds that he had made contributions in buying horses, and he must sell it to Cao Jinyu first.

After learning about this imperial edict, the Donglin Party members did not think much. They only thought that Cao Jinyu had obtained this privilege because he made contributions to buying horses. So the Donglin Party did not object. After all, even if a small businessman can give priority to the purchase of government-owned grain, the scope cannot be too large. After all, his financial resources are limited!

But what the Donglin Party didn't know was that Cao Jinyu's grain business was held by the emperor, and with the establishment of the Royal Bank of the Ming Dynasty, there was no worries about funds.

Zhu Youxiao's trick to openly repair the plank road and secretly travel to Chencang has basically been successful. Cao Jinyu, who got the imperial edict, can buy discounted grain from various prefectures and counties when he harvested the summer in the north this year.

However, investing in agriculture is a project that Zhu Youxiao had planned long ago. Sun Chengzong pointed out at the beginning that the northern water conservancy has been disrepaired for a long time, and natural disasters have led to a large amount of land abandonment.

Since there are a lot of wasteland, there are still many refugees in the north.

Then it is obviously profitable to invest in agriculture, and there is no need to pay taxes for the royal village. The royal family can formulate land rent. The food prices in the north are relatively high, but the economy in the north is not developed, which means that the north is in a state of shortage of food, and there is no need to worry about sales when producing grain.

In the future, it is also inseparable from agriculture. Agriculture is the foundation of industry, and people have to eat enough to start industry. The most important thing is that investing in agriculture can help people to maintain peace, which is the key to stabilizing the north.

Zhu Youxiao made up his mind and immediately summoned Cao Jinyu, Sun Chengzong and others to inquire about the military farming matters.>
Chapter completed!