First of all, it has absorbed a large number of Guangzhou's silver horns, pawnshops and money village owners or shopkeepers to join the goods and silver money bank, the goods and silver money company is a public bank, Wu Bingjian is the head of the bank, of course, there will be other members, the members of the guild are called the east of the bank, and the head of the bank is also called the director or the general manager.

These people are not responsible for the specific operation, but they have the right to make recommendations and vote on major resolutions, and they are actually members of the board of directors.

There is a bank in Guangzhou, and this bank is the meaning of the bank, referred to as the bank, and the guild hall was established during the Kangxi period.

The main members are these silver trumpets, money banks and pawnshops, and each bank elects ten people from the east of the bank to join the merchant bank.

These are the traditional forms of China's financial industry, in which the business of silver is to smelt silver, and the Ming and Qing dynasties implemented the classical silver standard system, and the circulation of silver is unrestricted, including casting, shearing, etc.; The Silver Horn earns a certain amount of extra money by collecting loose silver and smelting it. Standardized service business in the circulation of silver. Their role is similar to that of Western banks in issuing bank bills, which is to produce a standard currency that is acceptable to the market. The situation of silver ingots of each silver number is also different, not all of them are the ingots type of official silver, but also ship type, horseshoe shape and other shapes, and the furnace number of each silver number is pressed on it as a credit certificate.

The role of the pawnshop is very simple, it is the mortgage business in the bank, but it is much closer to the people than the banks of later generations, and it is aimed at ordinary people, from old clothes, to gold and silver jewelry, and even real estate can be mortgaged.

Because the currency management is very crude, just like the Bank of Amsterdam needs to exchange the currency of hundreds of European states into the guilder, the money bank is to circulate different forms of silver ingots in various places, silver dollars from Europe, and silver judgments from Japan, and exchange them with the official standard system of money. They carry out foreign exchange operations.

In the past, there was really no special way to manage these industries, and it can basically be said to be cooperation. On the one hand, the public banks provide them with low-interest capital to help them recover and expand their business, and on the other hand, they expand the business of the public banks, and there are some large businesses that they can't do, such as big businessmen mortgaging real estate, and they don't have enough capital after evaluation, so they introduce them to the public bank. Or because silver is expensive and cheap, the money bank has a large backlog of money, but the lack of silver affects the operation, so it conducts large-scale silver transactions with public banks.

Everyone complements each other, and under the auspices of Wu Bingjian, who is a businessman, they did not feel any discomfort in their dealings with the public bank, which basically formed the role of the public bank as the big guarantor behind them. Form a certain relationship of cooperation and dependence.

Under the condition that the banking business is stable and deeply integrated into the business network of Guangzhou, Zhou Lang asked Wu Bingjian to start minting money, issuing banknotes and other matters.

At this time, the management of the financial industry should be deepened to a higher level, becoming real management and then simple cooperation.

However, there are not many mandatory elements of this management at present.

First of all, as silver continued to flow into the Guangzhou market, the phenomenon of silver being expensive and cheap began to ease, and the silver price once soared to 1:1500 and slowly fell below 1:1200.

The first step in management is to adjust the exchange rate, Wu Bingjian first announced that he would lower the price of the public bank's acquisition of money, so as to affect the market exchange rate, from 1:1200 to 1:1100, and the public bank will follow this standard to purchase money without restrictions. Due to the financial strength of the bank, the exchange rate set is basically equivalent to the official exchange rate, and the purpose is to gradually reduce it to the ideal exchange rate of 1:1000 and unify the ratio of the internal currency.

In fact, the impact of the public bank's coinage on the market is not great, because Zhou Lang did not follow the advice of the coinsmith to reduce the copper content, but reduced the overall weight.

Ancient Chinese copper coins, are standard weight, different dynasties, Tang Dynasty Kaiyuan Tongbaotong money, each diameter 8 points, 10 pieces weigh 1 tael, Qianwen weighs 6 catties 4 taels, that is, a copper coin weighs 1 coin. During the Shunzhi period of the Qing Dynasty, each copper coin weighed one penny, two cents and five cents, and then increased to one penny and four cents, weighing eight catties and twelve taels per thousand wen. The Qing Dynasty made money look heavy by increasing the lead content. But the main value is still those copper, so Zhou Lang plans to reduce the lead content by reducing the overall weight, so as to save lead without affecting the important value of copper coins.

Zhou Lang increased the proportion of copper coins to the ratio of copper 9 lead 1, although the overall weight and size are the same as the Manchu coins, which is 1 money and 4 cents, but the weight does not remain the same, because the copper coins minted by Zhou Lang are worth two cents each. Because the proportion of copper is more than twice that of the Manchu coin, the value is slightly higher than that of the Manchu coin. In ancient times, the money was basically a penny of small flat money, occasionally when ten, when five and the like, the number is very small, often in the emperor enthronement, big wedding and other days of casting, belongs to the commemorative nature. Zhou Lang minted a large number of copper coins with two denominations, which can be regarded as a pioneering achievement.

The purpose of Zhou Lang's coinage is not to make a profit, but to prepare for the printing of banknotes. Therefore, the copper coins he minted must be of full fineness and more valuable than the Manchu coins.

In addition to copper coins, gold and silver coins were also minted. The shape of gold and silver coins is different from that of Western silver dollars, using the traditional Chinese five-baht coin shape system, that is, the same hole as copper coins, because there is a square hole in the middle, and it weighs one or two, so the silver coins pressed out by the hydraulic mold are much larger than the Western silver dollars of about seven coins, and they are much larger than the traditional Chinese gold and silver coins of about one coin, which is simply a silver medal. Gold is nearly twice as dense as silver, and the gold coins minted are coincidentally about the size of Western silver dollars.

The reason why the silver coin chooses the traditional Chinese form and takes the unit of "two" is not only to consider the historical inheritance factor. Or in order to facilitate the future better unified currency considerations, although a large number of silver dollars flowed in during the Qianlong period, but the most widely circulated is still in the Fujian and Guangdong areas, and it does not account for the absolute mainstream, the mainland is basically denominated in silver taels and money, and the silver dollar is still relatively unfamiliar, and the Shen family has tens of millions of taels of silver, and the silver dollar is only tens of thousands of yuan.

Therefore, Zhou Lang did not abolish the two yuan, but followed the tradition.

After these gold, silver and copper coins were minted, the public bank immediately released the exchange rate, raising the ratio of one tael of silver to 1:1,000 small flat coins (Manchu coins) and 1:500 gongxing coins (copper coins issued by Zhou Lang).

The stipulation of the proportion of money has been opposed by the money industry, and their business is the exchange of money, and if the proportion of money is fixed, it will undoubtedly affect their business. To put it bluntly, the existence of the money bank is based on the chaotic currency value, if the currency exchange rate is fixed, who needs them these professionals, a common person knows that 1000 wen money is 1 tael of silver, then who will go to their professional money shop to exchange it, between the two of them did it themselves.

Wu Bingjian co-opted the silver trumpet industry and told them that in the future, as long as they could mint gold and silver coins and even money, they would also be handed over to the copper furnace of the silver trumpet to be minted, and it was written into the public bank convention, stipulating that the public bank could mint money for the public bank in the future. But at the same time, it does not restrict the silver horn from casting its own silver ingots. The first gold and silver coins to be minted by the public bank were tens of millions, and the silver bank could not refuse, so it resolutely supported Wu Bingjian.

The pawnshop industry is indifferent to the chaotic value of the currency, at least they have no vital interest in it, but the instability of the exchange rate increases their risk, so they are happy to regulate the proportion of money in the bank. And Wu Bingjian secretly told the pawnshop that he would give them a large low-interest loan. So the pawnshop owners decided to support Wu Bingjian.

With the support of pawnshops and silver account industry proprietors, Wu Bingjian suppressed the money dealer proprietors, successfully increased the silver coin ratio again and again, and announced that it would remain at a fixed price of 1 tael to 1,000 wen.

After this operation, Wu Bingjian was equivalent to the acquisition of silver trumpet banks through the public bank, because when the specifications minted by the public bank were the same, and an astonishing number of silver coins flowed into the market, the different types of silver ingots minted by the silver trumpets themselves suddenly lost their role and gradually fell into the role of a mint that accepted the minting orders of the public bank.

The pawnshop industry has been co-opted, and they have received sufficient funds, the mortgage business is booming, and the flexible operation of large and small pawnshops accepts all kinds of assets, and even some pawnshops are willing to accept livestock, not to mention cars, ships, real estate, etc. Due to the long history of pawnshops in China, it has long been a mature business, and 20,000 or 30,000 assets can be operated, from the prince and grandson to the business of the ordinary people.

For a time, the mortgage business in the financial industry quickly expanded rapidly in Guangzhou. A large number of pawnshops were opened, and the result of fierce competition was that the interest rate dropped sharply, from the previous usury level to the stage of ordinary commercial loans, but it was still higher than the cost of capital in the Netherlands and the United Kingdom, where the financial industry was developed, and the cost of capital for ordinary small and medium-sized businessmen who could not get low-interest loans from public banks was generally more than 1 percent, but it was generally lower than 2 percent. The loan shark industry gradually withdrew from history in Guangzhou.

The money industry was hit hard, and the business of silver money exchange and trading shrank significantly, and could only be limited to the exchange business between the inflow of silver dollars and the making of money.

The bank's banknotes have finally been printed, and Wu Bingjian hopes that these bankers will help promote these banknotes through their own connections and channels, and they will get a three-point commission. The three-point commission is not high, but compared to the exchange business of millions of taels, it is generally a good remuneration. Anyway, they don't need to take the risk, it's worth the deal, and they don't have any good options right now.