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Hu's money bank's abolition of deposit interest in Shenwu County was forced by the huge deposit pressure, and it did not cause dissatisfaction, because Hu Xueyan implemented the cancellation of interest for more than 1oo taels of silver, and there was still an interest of 5% for less than 1oo taels of silver. The reason why the pen and fun pavilion www.biquge.info81 does this is because those who deposit less than 1oo taels of silver are poor people, and they save a little more money to earn a little more, and some are for the relief of the poor. And the people above 1oo taels of silver are all wealthy families, one does not need to be taken care of, and the other is to relieve the pressure of interest.

Hu Xueyan's strategy in Shenwu County was also a last resort, but it was different in the other five provinces and one capital. The general bank deposits, is no interest, even if there is is a very low, Hu's money is up is five percent interest, it greatly attracted those deposit merchants, so that other money banks lost customers, have a run on the phenomenon. Many bankrupt money banks focused their resentment on Hu's money bank, and the Hu money village was robbed by bandits.

Although the case was solved after the local arrest, Hu Xueyan understood a truth, that is, as long as he frantically absorbed deposits, he would offend other money banks, and their money banks could only collude with bandits and thieves to loot Hu's money bank. In recent years, Hu's money village has been exhibited very quickly, in the first year, it has been exhibited in two provinces, and in the second year, it has been exhibited in three provinces, plus one capital. Especially in the capital, the behind-the-scenes bosses of many money banks are princes and ministers, and if the Hu money bank runs them out and goes bankrupt, it will be very bad.

Long Xiao didn't care, but Hu Xueyan was afraid that if he couldn't coexist peacefully, he wouldn't be able to expand quickly, and he wanted to expand ten provinces and counties this year. So, Hu Xueyan discussed with Long Xiao: "Lord Long, Hu's money village is already five provinces and one capital, and ten provinces and counties will be developed this year, if we implement high-interest deposits, we will offend all the money banks in the world, but it is not a trivial matter, we can't bear the pressure from the whole country."

Long Xiao understood as soon as he heard it: "Xueyan, then what do you want to do?" ", Hu Xueyan;" Especially in the capital, I decided to implement interest-free deposits in all 1oo branches, even in other provinces, but there is a great risk of doing so, there is a very high possibility of a run, and when the time comes, we will have a dilemma? ”。 Long Xiao: "We have so much money, we shouldn't go bankrupt, right?" Hu Xueyan: "Bankruptcy is impossible, we already have 4oo billion taels of silver, but the loan business may be impacted, and a large number of merchants may be reluctant to deposit, and our circulating silver will not be so much, and profits may be lost, and the theme will not be a big problem."

Long Xiao: "That's okay, as long as you don't mess around, it doesn't matter if you make a little less", Long Xiao agreed with Hu Xueyan's idea. Hu Xueyan took the lead in implementing low-interest deposits in the capital, and the deposit interest rate fell again and again, and has dropped to below 8 percent of his peers, but strange things happened, the number of deposits not only did not decrease, but also increased a lot, and the originally expected run on the phenomenon did not occur.

Hu Xueyan was puzzled, after investigation, it turned out that Hu's money village has a huge silver root, silver is sufficient, the people don't care about the interest at all, but care about the safety factor of silver, Hu's money village has more than 1oo branches in the capital, has a great reputation, especially among the princes and ministers in the capital, the reputation is excellent, so the low interest rate policy of Hu's money village only has an effect on peers, and it is of little significance to the people. Hu's money bank's reduction of deposit interest rates, all peers have nothing to say, if the business is not good, that is their own problem, not the reason for Hu's bank.

Hu Xueyan took the opportunity to expand his branch in the capital, and suddenly increased by 1oo, reaching 2oo branches, and the capital only has a population of more than 5oo. In this way, Hu's money village has become the largest money village in the whole capital, and it is also the most powerful money village, even the royal family's silver is extracted from the Hu family's money bank, and those royal relatives also use the silver tickets of the Hu family's money bank, and the Hu money village has a huge amount of cash in the capital, which suddenly reached 100 billion taels, and has become the only money bank recognized by the royal family. Even the backer prince, who was in charge of the country's top ten gold mines, had to deposit his family's gold in the Hu family's bank.

If you have money, you have to lend it, otherwise it will be dead money, and if you want to turn dead money into living money, you need to have a large number of users. Hu Xueyan used the old method, as long as there is a mortgage on the house property, the term can be relaxed to ten years, and as long as the interest is repaid every year, the maximum amount of 10,000 taels of silver can be paid. This policy is something that all other banks dare not do, because ten years is too long, and once there is a run, the bank will go bankrupt. But Hu's money village itself already has tens of billions of taels of silver, and it is not afraid of a run at all, plus Longxiao will provide 6ooo thousand taels of gold every year, not to mention the mortgage, even if there are some dead debts and bad debts, Hu's money will not care.

In this way, there are actually thousands of officials who are waiting for them in the capital every three years, and these people who have passed the Jinshi examination, because they have no income, are counting on borrowing money to live, and the Hu family money bank provides credit loans for these people. These people are all future county magistrates, and in a year, there are also hundreds of thousands of benefits, and Hu's money village will naturally not be afraid, so they will get a loan of up to 1o million yuan of silver for them, and these alternate officials have become the most loyal users of Hu's money bank.

Hu Xueyan asked the people distributed in the money village to lend these people silver, as long as they made up for the real shortage, there was no problem for these people to repay the money. The key is that the interest rate of Hu's money is not high, the annual interest rate is only one percent, that is, to borrow 1o thousand taels of silver, and the interest is only 10,000 a year, so that those usury in the capital have no market, however, Hu's money has been recognized by the royal family, and the general thieves, or those who put usury, do not dare to mess around, and they only hate Hu Qian Zhuang in their hearts, and they do not dare to offend on the surface. Besides, every branch of the Hu family has hired a group of martial arts masters, and it is not something that ordinary people dare to provoke, not to mention the protection of the yamen.

Not only that, Hu Xueyan also cultivated a group of professional money masters in the capital, as long as someone is successful in waiting, these hired money bank shopkeepers will follow these alternate counties, open money villages, as long as there is no place for Hu money villages, you can open a bank, in this way, every alternate official, is dedicated to helping Hu money banks open branches, because, once the branch is successfully opened, they can get great rebates from the deposits of the county yamen, Hu Xueyan's trick is very effective, It was supported by the approval of all the alternate officials, so the exhibition of Hu's money was even faster.

Many provinces, counties, and counties that have not opened Hu's money village have come to contact Hu Xueyan and asked Hu Xueyan to open a money village in the local area, and Hu Xueyan's Hu money village has been greatly expanded. Originally, it was a province and county every six months, but now it is a province and county every month, according to this degree, the whole country will be completed in three or five years, and Hu's money can spread throughout the Sui Dynasty.

Although the current Hu Qianzhuang is headquartered in Shenwu County, Hu Xueyan has not spent much time in Shenwu County, most of the time in the capital, one is to train and recruit the treasurer and men of Qianzhuang, and the other is to coordinate the relationship between Qianzhuang across the country. But Hu Xueyan did not forget that once he had free time, he returned to Shenwu County, reported the situation of the exhibition with Long Xiao, and then asked Long Xiao about the exhibition plan of Qianzhuang. Long Xiao has the experience of his previous life, and in the long run, he is still farther than Hu Xueyan, and every time he says amazingly, Hu Xueyan has benefited a lot.

Over the course of this year, Hu Xueyan has expanded 12 provinces and counties at a very fast pace, plus the original five provinces and one capital, which is 17 provinces and counties, plus the capital has a huge cash flow, the capital has 1ooo billion deposits, not to mention, each province and county has 3ooo billion taels of deposits, which adds up to 6ooo billion taels of silver. Hu Xueyan kept the original silver in case of cash, and the others were all bank bills, and all the 6ooo silver was loaned out, and at the end of the year, there would be 6ooo taels of silver, plus the silver sent by Long Xiao from the dwarf country, the principal of Hu's money village could have more than 1ooo taels. So far, the Hu family has basically gained a firm foothold in all the provinces and counties that are relatively high, and has also accumulated huge wealth for Long Xiao in the Sui Dynasty in another world. Although, Long Xiao's purpose was to find the Mo Evil Divine Sword, but he didn't expect to return a huge fortune with him.