After summoning the envoys from various places, Li Chengqian summoned the person in charge of the newspaper and the person in charge of the bank. Flash Dance

Ask about the development of newspapers and banks.

The person in charge of the newspaper is Yu Bo, a distant relative of Yu Zhining, and the person in charge of the bank is Li Kai, a relative of Li Tang.

"See Your Majesty!" When they came to the Liangyi Palace, the two saluted Li Chengqian.

"Excuse me! Throne! Li Chengqian said.

"Thank you, Your Majesty!" The two of them thanked and sat down on the side.

"The main reason for summoning you here this time is to ask how the newspaper and the bank are developing now?"

"Yu Bo, you say first, I want to hear about the situation of the newspaper in the past year." Li Chengqian asked.

"No!" Yu Bo said: "In the twenty-three years of Zhenguan, all the places that can be reached within one day by fast horses, and the states that can be reached in one day by flying pigeons, are publishing newspapers. ”

"Further afield, weekly, monthly, semi-annual, and even annual magazines are implemented, and according to statistics, the newspaper's internal profit in the past year is seven-thirtieth of Datang's annual property tax."

"This is Zhenguan's twenty-three years of income and expenditure account books, and I would like to ask Your Majesty to take a look at it." After Yu Bo said that, he presented the prepared account book to Li Chengqian.

This is already the biggest achievement that the newspaper can do, after all, in the ancient era when information transmission relied on walking, communication basically relied on roaring, it was already very good to be able to do this!

Li Chengqian didn't pick it up, and said, "I won't read the account books, and now that the newspaper has entered the bottle, it can't be limited to the inherent way, but must be diversified." ”

"No!" Yu Boying said, he also understands these, but he really has no clue how to do it.

Several editors-in-chief and editors of the newspaper gathered together to discuss, and they already had a vague idea of the direction of future development, and I believe that it will not be long before there will be a clear direction.

As for how to do it, he still needs to go back to a good meeting to study it, and the next thing the newspaper needs to do is to improve its performance by a few percentage points.

After asking the newspaper, Li Chengqian now asked about the bank's situation, "Li Kai, you are in charge of the bank, what is the profit in the past year?" What are the projects? ”

"Your Majesty! Last year, the bank's total profit was 6/20 of Datang's annual property tax revenue, and there are only two items at present: savings and loans. Li Kai said.

"These are far from enough, starting this year, in addition to borrowing and saving, we must also implement wealth management products to earn more money." Li Chengqian said.

In addition to borrowing and saving, this wealth management product is also a good way to make profits if banks want to develop better.

"No!" Li Kai arched his hand and said, "Your Majesty! How should this so-called financial product be obtained, please make it clear to Your Majesty. ”

Before this, Li Kai didn't even know what a bank was, let alone a wealth management product, which was even more unheard of.

"To put it simply, it is a product that allows customers to subscribe freely through the customer's deposit of money in the bank, and anyone who buys this wealth management product will get a higher interest than saving money within the specified time."

"It's the equivalent of a bank borrowing money from the world, and you can think of it as a way for the bank to borrow money from the world." Li Chengqian said.

I am worried that they will not understand, so I explain it to him in this way, so that he should understand what a financial product is.

Although this explanation is not correct, the only way to explain it to them is to explain it clearly.

Li Kai was stunned for a moment, now the bank deposits money through customers, and then lends the money out, charging interest on a monthly basis, which is the current mode of bank operation.

But if you borrow money from all the people who come to the bank to deposit money, how will the interest be calculated? If it's too low, it won't work, and if it's too high, you won't be able to pay it back, and the interest recovered from the loan alone may not be enough.

If someone with a heart takes the opportunity to make trouble, the entire banking system may collapse as a result, and it is impossible for His Majesty not to know about this harmful and unhelpful practice.

But why do you still want to do this, it is difficult to do it, now that the treasury is empty, and the money is urgently needed, it will be used to kill chickens and eggs.

Li Kai can only think so in his heart.

"Your Majesty! I am afraid that the interest recovered from borrowing from everyone and relying solely on the money lent out by the bank is not enough, and the minister is also worried that someone will take advantage of the opportunity to cause trouble......" Li Kai plucked up his courage and said.

"Who told you that this money is to be borrowed to other people for profit." Li Chengqian understood what Li Kai meant.

Isn't it? Li Kai was really puzzled, what else could there be besides this.

"Buying and selling transactions." Li Chengqian continued.

"Trade?" Li Kai wondered.

"Yes, it is trade, my Datang will form a huge caravan, which will trade abroad through the Silk Road in the Western Regions and the Maritime Silk Road by waterway."

"The money borrowed from the people of the world will be used for this, and the caravan can not only do business abroad, but also at home."

"We can open inns, luxury goods, perfumes and other things to make a lot of wealth, and this money is the money that people subscribe to for wealth management products."

"As for interest! Naturally, the interest rate of depositing money into a bank account is higher, and the interest rate is lower than that of borrowing, and at the same time, it cannot be superimposed with the interest of savings. Li Chengqian explained.

This is the so-called fund-raising in later generations, which is conducive to controlling the financial market through fund-raising, operating and supervising according to law, absorbing idle surplus funds from society and individuals, ensuring the dynamic circulation of the financial system, and maintaining the country's economic development.

After hearing this, Li Kai suddenly realized that this is a good way, the bank has a lot of goods mortgaged by borrowers, but it is unable to repay the borrowed money.

He originally planned to tell the emperor about these things, see what should be done with them, and if there is trade, he can sell these things.

This is equivalent to a white wolf with empty gloves, the goods in the bank are traded out through the caravan to earn profits, and the so-called financial products can be purchased by others, and enough funds can be obtained to operate the trade.

The Tang Empire can be said to be able to make trade bigger and stronger without taking out a penny, what is this not an empty glove white wolf?

This is simply a good thing that kills two birds with one stone, Li Kai naturally did not object, and hurriedly said, "Your Majesty is wise." ”

"Banks should have a lot of backlogs, and selling them would be a lot of money." Li Chengqian said.

"What Your Majesty is saying is that the banks have now stocked up a great deal of gold, silver, and jade, as well as some goods and fields and houses." Li Kai said.

"Take out these gold, silver, jade and houses and sell them, and even auction them, but this field is forbidden to be sold, and it is owned by the empire." Li Chengqian said that other things can be bought and sold, but land cannot be bought and sold.