On 17 March, Li Zhi took Li Xing, Zheng Kaicheng and others to Jinqi Bank for inspection. Pen, fun, and www.biquge.info

In front of the bank, people lined up in a long line to exchange banknotes, and the crowd was surging

Yue Shande, the head president of Jinqi Bank, saw Li Zhi coming and hurriedly came up to salute. He pointed to the busy bank hall and introduced to Li Zhi: "Grandpa Guo, the newspaper is very well publicized, as soon as we opened, the people lined up to exchange money. ”

"In the past two days, tens of thousands of taels of silver have been deposited every day. The day before yesterday it was forty-five thousand taels of silver, and yesterday it was fifty-one thousand taels. I estimate that not all of these banknotes will be used to pay commercial taxes, but I estimate that some of them will enter circulation and be circulated as currency. ”

"If there is such a large amount of silver deposited in the next few days, the bank vault in our bank will be full, and the special bank outside the bank will be opened."

Li Zhi nodded.

Yue Shande said with some concern: "Grandpa Guo, although the circulation of banknotes in our bank is very beneficial to the people, but we buy a façade to open a bank, hire tellers to accept the silver, and hire people to guard the silver vault, the cost is really not small!" Grandpa Guo, our bank only has expenses and no income, and it costs a lot of silver a month. ”

Li Zhi smiled: "Yue Shande, don't worry. Banks are buying and selling to make a lot of money, and at this time, the business of absorbing silver that I asked you to do is just the beginning, and what we have to do next is to really make the bank a structure that is different from the money bank. ”

Li Xing asked curiously: "Big brother, what else can our bank do besides issuing banknotes?" ”

Li Zhi said with a smile: "We want to use the bank's money to issue loans to the people of Tianjin and Shandong. ”

Everyone was stunned when they heard this, and Li Xing asked curiously, "Big brother, what is a loan?" ”

Li Zhi said: "Li Xing, do you know Yinzi money? ”

Li Xing replied, "I know. Some banks lend money to small traders to run small businesses, borrowing money on the first day and repaying it the next day, or borrowing it at the beginning of the month and repaying it at the end of the month. When you lend out a penny, you will be charged 40 yuan a day in interest. If it is said that it is good to borrow for a month, it is the interest of two or three hundred yuan. ”

The Yinzi money that Li Xing said was a kind of money bank business that appeared in the late Ming Dynasty. This type of business is similar to the secured loans of later generations, but with very high interest rates and short loan terms. Only some small vendors who are in urgent need of capital will borrow this kind of money, because there are not many people who can repay this kind of borrowed money, and in the end they can only repay the money by selling their children and daughters.

At the end of the Ming Dynasty, Yinziqian was not so much a financial business as a tool to plunder the poor.

Zheng Kaicheng thought for a while, hesitated and asked, "Grandpa Guo means that we use the silver we have saved to run the printing money business?" ”

Li Zhi said: "Our business looks like printing money, but it is not printing money to exploit the people, and our interest rate is very low. We want our clients to use real estate, land or real estate as collateral, and then lend large sums of money to them. The term of the loan can be as long as one year or even three years. So that some merchants who did not have money to buy and sell could get money. ”

Zheng Kaicheng said with a smile and said, "I just said that Grandpa Guo will not do such a life discount business as Yinzi money." What Grandpa Guo said is not quite like Yinzi money, but a bit like pawnshop loans! ”

Pawnshops in the late Ming Dynasty were a common channel for the poor to borrow money. The so-called "rich do not leave the pharmacy, and the poor do not leave the pawnshop". Pawnshops are divided into those who are fooled and those who are fooled. Pawn the pawn to receive more valuable silk clothes, gold and silver jewelry, and give money at an appraisal. Even the pawnbroker's shabby clothes, pots and pans are charged, and the pawnbroker is lent a few dozen dollars each time.

Li Zhi smiled and said, "The bank and the pawnshop look alike, but they don't look like each other. Pawnshops are generally aimed at poor people, so the collateral is the daily necessities of desperate people. However, our bank wants to do loan business, which is mainly for customers with real estate mortgage. Ask the guest to mortgage the property, real estate or land to borrow money from us. ”

Li Xing held his chin and thought about it, and said, "Big brother, to be honest." If a person who is short of money owns a large item such as real estate or land, he will simply sell it to raise money, and will not take it to a pawnshop or our bank to borrow money. ”

Li Zhi said with a smile: "The fundamental premise for us to attract people to make real estate mortgages is that our interest rate is very low. We only charge five percent a year, that is, five cents a year on one tael of silver. ”

"The interest of the printed money is as high as two cents a month, we only need the interest of one-fiftieth of the printed money, and the monthly interest of the pawnshop is as high as three cents, and we only charge one-seventh of the interest of the pawnshop. Only 5 cents of interest a year! ”

When they heard this, their eyes lit up.

Li Zhi said with a smile: "Our interest rate is so low, it will be very attractive to borrowers who own real estate. After all, it is not easy to sell a house or a field temporarily, and if you are in a hurry to use the money, the land may be sold at a low price all of a sudden, and the value of one or two percent will be lost. In this comparison, when you are short of money, you can borrow money from a bank, but you only need to pay a very low interest, which is quite cost-effective. ”

Li Xing clapped his hands, suddenly opened his eyebrows and laughed, and said loudly: "Big brother, I think this bank is open!" We absorb a lot of money from our customers, and the most important thing is money. The customer's money is deposited in our bank and the right to use it belongs to us. We can lend this money at low interest rates in the form of real estate, land and real estate mortgages, and we can make money! Our banks will be profitable! ”

"With these land deeds and house deeds as collateral, we are not afraid that customers will not be able to pay back."

Li Zhi said with a smile: "This kind of borrowing method will be called a loan in the future, also known as a mortgage." The key is that the interest rate on our loan is extremely low, only five cents a year on one tael of silver, not usury! At present, people borrow money from rich and wealthy households at an interest rate of two cents, that is, 24 percent of the interest a year, which is much higher than the interest on our loans. For some aspiring business owners, our loans are a very friendly way to raise funds. ”

"And mortgages such as real estate and land are also owned by many people. As long as you have your own house, you can apply for a mortgage from us. Even if your house is rented, your parents and brothers always have a property, right? can be used as collateral to borrow money like us. ”

"As long as there is a good project and you really want to borrow money, this collateral can always be found."

In this way, I believe that some people who have the ability and know how to operate will no longer worry about not having money to open a business. In the future, in Tianjin and Shandong, as long as they have the ability to develop industry and commerce, they can borrow silver from the bank. This is of great benefit to the economic development of Tianjin and Shandong. ”

When everyone heard Li Zhi's words, they were very excited. Li Zhi's real estate mortgage loan can be said to be a business that has never existed in this era, and it can help countless industrial and commercial people who run businesses.

Yue Shande licked his lips and said, "Grandpa Guo, I have a nephew who is quite good at raising chickens, and he raises hundreds of chickens in his yard, and he can get thousands of eggs every month. He always said that he had no capital to expand his business. The yard of his house is in the Acropolis, plus the yard of his relatives, which is worth more than 100 taels of silver, and now it seems that he can apply for a loan from our bank! ”

After several years of management by Li Zhi, the cultivated area in Tianjin has been expanding, and the people have become more and more prosperous. The demand for eggs is growing day by day. At this time, the price of eggs is getting higher and higher day by day, and people who can raise laying hens can easily earn money.

Tianjin urgently needs these chicken experts to expand production and provide more eggs to the market.

Li Zhi smiled and said, "Okay, maybe this is our first loan customer!" ”