The historical bull Venus is naturally an extreme drummer and conspirator, and his methods are extremely sophisticated and hidden, but now, as Zhu Youxiao's business steward in these years, he will definitely no longer only play conspiracy and boast of attack plans as in history. And after Zhu Youxiao accepted Niu Jinxing as his private account man, he naturally had to tell him some business knowledge and means in later generations, and sometimes he would give him some jokes in later generations, Zhu Youxiao at this time was very relaxed, he didn't have to be as serious as in the court, and it could be regarded as relieving his mood, otherwise Niu Jinxing would not have told the joke just now.

After sending these merchants away, Niu Jinxing returned to his room to rest, but it was not a pure rest, Yang Lian would definitely come back, he had to know why Yang Lian was looking for him, was it the emperor's intention? Or are you being bewitched by these merchants.

As a smart person, Niu Jinxing will never intervene in politics like a eunuch, and Zhu Youxiao will never allow himself to intervene in politics, this is the bottom line of a royal business housekeeper, unless it is inconvenient for some emperors to come forward, and it is necessary to take commercial means to solve the problem, the emperor will let himself build a bridge from it and operate secretly. However, today's things are a little special, and we can only wait for Yang Lian to come to the door again to know the specific situation, it is not Niu Jinxing who is a big person, Niu Jinxing can't come to visit Yang Lian, he needs to avoid suspicion, the royal affairs have nothing to do with the official, it is not an official business, or a pure commercial organization.

Speaking of Yang Lian, after he returned to his residence, he reflected, he was a little anxious this time, although the emperor gave him the meaning of "debt-to-equity", he couldn't figure out the meaning, and indeed asked him to go to Niu Jinxing for consultation, but he hurriedly took these businessmen to find Niu Jinxing directly, which obviously did not meet the emperor's meaning, at this point he was much worse than Niu Jinxing's fritters, and it seemed that he had to adapt to the habits of this shopping mall, and had his own independent way of dealing with businessmen.

Yang Lian didn't immediately go to Niu Jinxing again, he reflected on the work of the bank president for so long, and then thought about what the emperor's "debt-to-equity swap" meant, but he really couldn't think of how to operate, after all, he was a serious official, even if he was in the position of bank president, he did management work, and there was no transaction.

In the evening of the next day, Yang Lian didn't take anyone with him, and went to Niu Jinxing's residence in simple clothes. As soon as Yang Lian entered the door, Niu Jinxing walked out of the living room, and then bowed ninety degrees.

"I'm sorry, Lord Yang. Venus thinned your face yesterday, and it was rude to ask you to come to your door. Niu Jinxing said very politely, so that Yang Lian couldn't make a mistake.

Yang Lian said with a smile: "Brother, don't be joking, foolish brother go back and reflect on yourself, it is true that I did something wrong, so don't be polite." I was a little too anxious, just thinking about solving this mess quickly, but I didn't expect things to go wrong. ”

Then Yang Lian showed Niu Jinxing the holy decree from Zhu Youxiao, and Niu Jinxing saw that there were only three words on it, "debt-to-equity swap", thought about it, and said to Yang Lian: "This" The meaning of "debt-to-equity" is actually very simple, that is, to convert debts into shares, just like when you do business when the capital is not enough, you borrow a sum of money from others, but the money is due, you are too urgent to business, or the business fails, can not pay off the debt, you can negotiate with the creditor, this part of the debt into shares, this is negotiable, the general situation is that you have to suffer a little loss, let the creditor share your profits in the future, if the debt is larger, you may also lose control, become a minority shareholder of the creditor. Of course, if you have found a larger investor, you can also pay off your debts and avoid a 'debt-to-equity swap', depending on the future of your business. ”

Niu Jinxing smiled: "Originally, according to my meaning, since these businessmen are so greedy and want to make a fortune, they should be cleared out of the shopping malls of Daming, mobilize the funds of Daming Tenglong Bank and Royal Trading Commercial Bank, eat most of the shares of Jiangsu and Zhejiang Bank, and let it become our branch, but unfortunately you come, my abacus will be empty, and I have to help others make wedding dresses, we don't want it, you go to contact other banks such as Shanxi Bank, let them mobilize funds, and replenish liquidity for Jiangsu and Zhejiang Bank, As for how many shares they can eat, it depends on their own ability, anyway, Jiangsu and Zhejiang Bank is going to bleed heavily this time. Hmph, according to me, they're going to go bankrupt. ”

Yang Lian was taken aback, he didn't expect Niu Jinxing's plan to be so big, but he still didn't think of what Niu Jinxing would do to make Jiangsu and Zhejiang Bank bankrupt, so he asked casually: "Then what do you plan to do?" ”

Niu Jinxing smiled: "Didn't those grain merchants exchange silver for grain?" We're going to lower the price of food again from now on, to half of what it's in a normal year, and then we're going to force them into debt and make them pay it back, how high is the cost of their food? This is three times that of the usual year. When their liquidity is so tight that they can't accept the maturity of the deposit certificate, it will cause a large number of depositors to be afraid, and then they will start to compete to pay, not even interest, and more seriously, they will throw out the deposit certificate if they can get back part of the deposit, which is the run that has just appeared. Think about it, if I take the opportunity to buy those deposit certificates at a low price and then run on the banks of Jiangsu and Zhejiang at a high price when the run breaks out, will they still have a way out? What credibility do Jiangsu and Zhejiang banks have to make savings, and can they not go bankrupt? ”

Looking at Yang Lian's surprised face, Niu Jinxing continued: "It's not just that the bankruptcy of Jiangsu and Zhejiang Bank is not over, and there will be more small and medium-sized depositors who will also go bankrupt, do you know why the grain merchant shareholders of Jiangsu and Zhejiang Bank have such an ability to buy so much grain at once?" In order to have enough funds to create a food crisis, they do not hesitate to absorb savings at high interest, and ordinary people can resist such temptations, and the higher the amount of savings, the higher the interest rate, so there are a large number of individuals who hand over small deposits to middlemen, so that they can become large certificates of deposit, in order to obtain higher interest, this is the so-called human weakness --- greed. The central bank of Daming does have a certain amount of deposit reserves, payable when the bank goes bankrupt, but that is only for small customers, there is a certain limit of compensation, this is the system you formulated, you must be clear, but those concentrated storage of high interest deposit certificates, you will not pay in full, then they will not have to go bankrupt, eat the meal and have to spit out. ”

Now that Yang Lian's face was as pale as earth, they had thought that Niu Jinxing's plan was so huge, and their own presumptuousness interrupted his plan all of a sudden. When he took the shareholders of Jiangsu and Zhejiang Bank to find Niu Jinxing, he exposed Niu Jinxing's identity, if Niu Jinxing continued to implement this plan, it was inevitable, but in this way, it completely stinked the reputation of Tenglong Bank and Daming Royal Commercial Bank, and the gains outweighed the losses. There are some things that can be done but not said, and there are some things that can be said and not done, Niu Venus's plan obviously belongs to the former, but it was unintentionally ruined by himself, and he was a little panicked in his heart.

But then Niu Jinxing's words reassured him, Niu Jinxing said: "Since long live the master general" The meaning of the debt-to-equity swap is to tell you, that means don't let me mess around, so you can rest assured that you can go to other commercial banks, we will no longer participate in this matter, I can continue to buy grain, and the bulk will also lower the price, let them bleed, and it will definitely bankrupt them, this is the punishment that must be punished for them, as for those usury guys who gather funds to obtain high interest, you yourself see how to deal with them, how to make them lose their money. ”

When he finally figured out what Zhu Youxiao meant, Yang Lian no longer hesitated, and hurriedly returned to his office, and gathered his officials to start studying how to deal with the current situation, but he was afraid in his heart, if he didn't handle this matter well this time, let alone how the emperor would deal with himself, even Niu Jinxing would ruin his reputation.