Chapter 1018

"Moreover, I have heard Wang Wushan mention it before, and it seems that His Majesty intends to wait until the cotton industry in Zhuzhou on the North Shaanxi Road is developed, and the winter clothes of the Great Song Dynasty military will be purchased to make them in the future."

The father and son chatted about business for a long time, and they chatted until the third watch in the middle of the night, when they realized that it was so late.

Seeing that although his father was in high spirits, but after a long time of running, Wan Bin could only get up and say goodbye and let his father recuperate earlier.

"It's okay, the old man will rest first, the old man is old, our Jiangxi Wan's family business, in the future, you have to bear it." Wan Yong stood up, patted Wan Bin's shoulder with satisfaction, and said with relief.

"You do a good job here, if the bank's business is done well, I'm afraid that if it is to promote the world, it is just a matter of His Majesty's words."

A few days after Wan Yong came, he went to Yanzhou for a walk, and at this time, the financial bill was finally finalized, even if it was only a trial draft, but at least it had entered the practical stage.

At this time, the time finally came to the end of the year, and when there were still ten days before New Year's Day, the Preparatory Committee of the Great Song Financial Institutions and the Banking Regulatory Commission of the Great Song Dynasty North Shaanxi Road were quietly established in a house not far from the Hongzhou Mansion.

Three days later, the first bank of the Great Song Dynasty, the preparatory office of Chang'an Bank, was officially listed in Hongzhou City on North Shaanxi Road.

On the day of the New Year, Chang'an Bank North Shaanxi Road Branch and Chang'an Bank North Shaanxi Road Branch Hongzhou Branch also opened grandly.

And on the same day, seven large orders were received, and seven wealthy businessmen who were familiar with Wan Bin, the chief shopkeeper of the branch, deposited a total of 80,000 yuan of property in the Hongzhou branch.

They all received a deposit certificate from Chang'an Bank, with which the seven merchants could exchange at any Chang'an Bank on North Shaanxi Road.

In addition, several businessmen also borrowed more than 30,000 yuan from Chang'an Bank on the same day, and used them to buy goods and prepare to sell them to other places.

And it was only a two-year-old commercial loan, which directly blew up the traders who were doing business in these six states now.

The annual interest rate of 20 percent, you must know that even the most moral, honest, and kind private borrowers have to have the lowest annual interest rate of 40 percent, not to mention that most of them are in 6 or 7 percent, and there are even usury with an annual interest rate of 200 percent.

Fortunately, they had prepared enough before, and thousands of copies of the brochure of the Great Song Chang'an Bank were printed, which was snatched up in the morning, and they had to take out the brochure from the warehouse to be distributed the next day to fill the number, which met the demand.

Moreover, there are a large number of businessmen waving brochures in their hands and asking how much they can borrow.

In short, on the first day of opening, the bank, which had been quite large, the size of five or six shops, was overcrowded and full of people.

In the end, Wang Yang had to send someone to send an officer, so as to maintain order. And the next day, Wan Bin's old father Wan Yong simply sent all the twenty good men he brought, and Wan Bin also sent all the twenty guards around him.

Finally, without the need to use the power of the government, the situation can be maintained without chaos.

The next day, although only five of the completed business were savings and two were loans, there was no business, and the nearly fifteen bookkeepers sitting at the front desk were not handling business most of the time, but explaining to those potential customers how to do the bank's lending business.

If you customers want to make a deposit, what will we do, and how will we charge when you want to withdraw money.

Of course, the loan process is more cumbersome, but these front desk staff can only patiently explain it over and over again.

Seeing this scene, whether it was Wan Bin, who was presiding over the business at the front desk, or Wang Yang and Liu Yiyi, who were sitting on the second floor and looking at the crowds downstairs, or Wan Yong and his third aunt, they couldn't help but breathe a sigh of relief.

"Although there are not a few transactions, the old man thinks that this is normal, after all, the loan procedures of our bank are much stricter, but it can ensure that the interests of our bank are not easy to be damaged to the greatest extent." Wan Yong turned his head and whispered to Wang Yang.

"This is natural, after all, this is a formal lending business, our loan officers are carefully selected, excellent character, and every loan, can not be released by a single loan officer."

"It also needs to be reviewed and signed by at least two other loan officers, and finally after being reviewed by a supervisor, the money can be lent after being stamped and signed."

"In addition, for every loan, or deposit, there will be three accounts, one will be retained by the branch, one will be handed over to the head office for collection, and the other will be handed over to the CBRC for record......"

"Although it seems a bit cumbersome, but it can be well documented, if one day, someone borrows money and does not pay it back, as a bank, it is naturally impossible to take the kind of private lynching to urge, but will apply to the government for a ruling."

"The CBRC's records will provide the necessary basis for the government's ruling. Moreover, if there is a problem within the bank, it can naturally ask the CBRC to come forward......"

"Lord Wang, your methods, the old man admires him a lot, in this way, the old man can finally leave the North Shaanxi Road with confidence and return to his hometown in Jiangxi to recuperate." Wan Yong stroked his long beard and sighed with emotion.

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Although the opening of the Great Song Chang'an Bank only made waves in a small area, soon, those wealthy businessmen who came and went to North Shaanxi Road to do business gradually came back to their senses, and they couldn't help but feel a little moved in their hearts.

After all, many wealthy businessmen and tycoons have tens of thousands, hundreds of thousands of yuan, and in addition to buying land and tuntian, they can only do it, and they don't know what business to invest in.

Now, there is such a professional lending industry as banking, and it is said that it is still a legal lending enterprise recognized by the government. It's so unexciting.

It's just that after learning that the bank's lending business is at least 10% and the highest is only 20%, the blazing flame in my heart can't help but go out a little more. They decided to wait a little longer and see what happened.

However, the principals of these businesses went to Chang'an Bank to visit, so that Wan Bin was already so busy just receiving these guys that his feet were on the ground.

At this time, the six states of the Great Song Dynasty finally introduced an immigration bill, which determined that all citizens of the Great Song Dynasty could migrate here.

However, when they migrate, it is naturally impossible to get the same preferential policies as the Xiang army and their dependents, but North Shaanxi Road has also launched other preferential policies: loan immigration.

In order to attract those who lack their own land in the local area, they can only rely on tenants for their livelihood.