Obviously, a large mixed-industry financial group with a sound modern system and a sufficient talent reserve is at least 100 times more than 100 times that of the Royal Bank, which is inferior to the feudal ticket number, in terms of capital operation and financing capacity, and the gap in various fields such as risk control and profitable project management is simply like the gap between adults and babies.

The financial group in charge of Chen Guanxian has developed almost all the financial businesses and industries in the later generations, such as banking, insurance, securities, trust, venture capital, futures, and so on, all the advanced systems and financial products that modern society has. Some advanced financial products (index futures, options, leveraged financial derivatives, structured portfolio trading, etc.) that are not yet used at the level of productivity are only used and experimented on a small scale within the group, and are not widely promoted with the basic business of banks, such as savings, loans, and installment payments.

As long as the staff who have worked within the Chenji Group in addition to lifelong life insurance and various provident funds, they can receive free vocational skills training tickets, as long as they can pass the exam, they can get any vacant positions within the group, this incentive and internal promotion mechanism encourages employees to learn a variety of professional skills and senior titles.

Many of the schemes for designing new financial products were born under this incentive system, and the best plan chosen by the Crossing was to cause the market price of the banknotes issued by the Royal Bank to fall to 20% of the initial value (face value) within five years, take the opportunity to hold more than 80% of all the banknotes issued by the Royal Bank before the decisive battle, and then force the Zhao and Song royal families to accept all the conditions proposed by the Crossing Masses as the largest creditor, so that the Crossing Crowd would completely become the master of the Great Song Empire.

Before the day of the decisive battle, how to slowly and unobtrusively empty the reserve vaults of the Royal Bank, and turn all the royal coupons into waste paper, is in the short-term interest of the traversal, but not the long-term interest. Because the main users and reservists of the Royal Coupon are not the enemies and sworn enemies of the Crossing Crowd, but the common people and merchants who believe in the royal credit, many of these people are the relatives of the partners and employees of the Crossing Crowd, and it is not the style of the Crossing Crowd to kill a thousand enemies and lose eight hundred.

The face value of the banknotes of the Royal Bank is relatively large, 1 Yuan Yu Tongbao copper coin can be exchanged for 20 yuan Royal Bank Notes (hereinafter referred to as the Imperial Banknote), the types of banknotes are rounded corners divided into three categories of fifteen kinds, one yuan is equivalent to 50 copper coins, one dime is equivalent to 5 Wen, and one cent is equivalent to half a penny. The 1, 2, and 5 cent banknotes are all gross banknotes used in small retail sales, and they are relatively coarse. Banknotes with 1, 2, and 5 jiao have counterfeit value, so anti-counterfeiting technologies such as watermarking and color printing are used. The 1st, 2nd, 5th, 10th, 20th, 50th and other tickets are beautifully printed and use more anti-counterfeiting technology. Banknotes of 100, 200 and 500 yuan are generally not commonly used, and are generally used for bulk transactions and inter-bank account transfers.

In order to implement the plan step by step, in the seventh year of Yuanyou, the leaked 20% reserve gold banknote is not a dangerous secret, which made the shareholders of the Royal Bank excited, and under the expected coercion and inducement, the company agreed to the plan that the Royal Bank can also issue the royal banknote according to the 20% reserve.

By the 10th year of the Yuanyou Dynasty, the issuance of imperial banknotes reached 1.6 billion yuan, with a nominal reserve of 80 million yuan, and a reserve of 16 million gold, silver and copper coins in actual inventory. What happens to the extra 1.28 billion banknotes that had huge purchasing power before the Royal Bank's credit bankruptcy? Naturally, it is impossible to distribute it to shareholders to go home to buy groceries, and the purchase of consumer goods and daily necessities is a waste, and the powerful shareholders have not thought about it at all. Under the guidance of the cross-cutting public, the powerful people who held a large amount of money in their hands invested their banknotes in treasury bonds, land, and stocks and convertible bonds of sunrise industries with very little risk. After receiving the huge amount of money from the Royal Bank for the purchase of government bonds, the three divisions naturally invested in infrastructure construction, set up a large number of trading companies and enterprises with official backgrounds, and strengthened monopoly institutions to compete with the people for profit. The wasteland in the hands of the people in various places was successfully sold to the greedy shareholders after investing capital to improve it into high-quality fertile land. A large number of shares of profitable manufacturing and trading companies were also delivered to these shareholders through the block trading platform of the stock exchange in Xinjing.

On the surface, Traversal suffered a big loss, lost a large number of high-quality assets, and returned a pile of waste paper that could not be realized. In fact, at the critical moment, these royal banknotes were all talismans for the Zhao and Song royal families.

Even though Empress Dowager Gao has not learned modern financial knowledge, she understands the simple truth that liabilities cannot be greater than assets, and understands the crisis and consequences of bankruptcy. Therefore, he has not agreed to reduce the reserve ratio, and has set a dead order, which must not be lower than the reserve ratio of Chenji Bank that crosses the public.

In the summer of the 12th year of Yuan You, under the ardent curse of the emperor and many powerful people who wanted her to die, the Empress Dowager Gao finally died. Even with the support of a large number of health products and sheep placenta, the Empress Dowager Gao still did not survive her 67th birthday.

The first thing Zhezong did after his pro-government was not to treat the funeral, but to issue a series of personnel appointments, dismissals and transfers. The reason is simple, the emperor naturally wants to take back all power and concentrate it. Originally, with the support of the Empress Dowager Gao and many important ministers, no one dared to move through the crowd, but now the traversal has collapsed in the biggest backstage within the imperial court, and a group of old Zaifu who can't go to the court should have gone home to gnaw on the old rice, because the support of the Empress Dowager Gao and the public opinion under the control of the traversal has not stepped down and has been occupying a high position. Those protégés and former officials who work under them control the various yamen, and the emperor is increasingly hollowed out.

As soon as Zhezong saw that the mountain of oppression on his head was gone, he was eager to seize power, and a large number of high-ranking officials and nobles were promised to his cronies and low-level officials who were ostracized by the traversal and their subordinates (how could Yiyantang tolerate high-ranking opposition), and it was inevitable that the news would leak (the key was to keep an eye on the emperor's eavesdropping device and the newly developed pinhole monitor).

The traversal crowd who learned that Zhezong was going to do it to himself laughed at the semi-annual report meeting. A child is a child, and he dares to mess around when he doesn't even know the comparison of the strength of the enemy and us. Originally, in the plan of crossing the people, the general attack that would not be launched until the end of the year was approaching, and it was forced to be advanced.

On the seventh day of the seventh month, a thunderbolt struck Zhezong and all the shareholders of the Royal Bank (on the sixth day of the seventh month, the last remaining 80,000 shares of the Royal Bank held by the people were sold to Zhezong's favored cronies), that is, the exchange price of the imperial banknotes fell from the original 20 yuan to 1 copper coin to 40 yuan for the consistent copper coin. The news came from the public notice board of the acceptance price of the imperial banknotes changed by the branches around Chenji, and the newspapers that passed through the control of the public explained that the reason was very simple, the banknotes (reserves) issued by the Royal Bank were insufficient, and the risk credit rating was downgraded to the third grade A (the four major rating companies are also tools to pass through the control of the public, and the rating of Chenji money was first-class A, and the original imperial banknotes were also first-class first-class, third-class, and second-class assets that did not belong to high-quality assets, and the fourth-level was junk assets).

At this time, the issuance of imperial banknotes of the Royal Bank has exceeded 5.6 billion yuan, and the reserve has not been lowered because the Empress Dowager Gao has just died less than a month ago. Exactly 1.12 billion (56 million).

At this time, the Royal Bank was in a mess, and all the subordinates and original students were squeezed out by the magnates, and there was not even a single accountant. All the Royal Banks were the sons and servants of the magnates, and had no experience or training to deal with the run, and a large number of depositors and holders of royal banknotes crowded into the Royal Bank to demand that they exchange copper coins and gold and silver coins at the usual exchange price of 20 yuan. Within an hour, 10 million yuan of coins and reserves were withdrawn from the Royal Banks everywhere. A large number of people who could not exchange coins were eager to ask the Royal Bank to redeem the coins.

Within an hour, a large number of spontaneous black markets began to buy imperial banknotes at prices lower than 1:20 and higher than 1:40. This further strengthened the panic among the masses.

A large number of pre-arranged black marketeers and market scoundrels spread rumors that the Royal Bank was about to go bankrupt due to a run. In fact, as the largest holder of banknotes issued by the Royal Bank, the Chenji Group, which is subordinate to the company, holds a total of 4 billion imperial banknotes, and the actual value of these imperial banknotes is 40 million yuan. However, in order to grasp these banknotes, the crossing public paid 500 million yuan worth of base money, that is, 100 million yuan of land, stocks, convertible bonds and other self-owned assets, with a book loss of 60 million yuan. This money is equivalent to half a year's financial income of the Great Song Empire and three months of net profit of the Chenji Group.

When Chen Guanxian went to the headquarters of the Royal Bank, located in the lobby of the Royal Bank building on the periphery of the household, to ask for a withdrawal, Wan Duan, the president of the Royal Bank and a close confidant of Zhezong who had just taken office, knelt in front of Chen Guanxian and begged to suspend the withdrawal. If you can't get out the cash, according to the bankruptcy law promulgated by the Empress Dowager Gao when she was alive, the Royal Bank of Tianzi will enter bankruptcy procedures. Not to mention that he, the president, has come to an end, and it is very likely that he will be exterminated by the five horses of those shareholders who have suffered heavy losses.

You must know that if the book figure of 4 billion imperial banknotes is withdrawn by 100 million, the cash flow of the entire Royal Bank will be cut off, and if 200 million is withdrawn, the entire bank's treasury will be emptied. You must know that when the Royal Bank was established, the company system can be said to have been repeatedly entangled in limited liability and unlimited liability, and finally the Empress Dowager Gao set up an unlimited liability company on the grounds that the royal credit could not be converted into a registered capital of 20 million yuan. If all the 4 billion book figures are withdrawn, the Royal Bank will never be able to take out as many as 200 million yuan of coins. At present, the balance of the treasury of the household department is only 4 million. If the shareholders of the Royal Bank take out their stocks, convertible bonds, land, real estate and a large number of physical objects to cash in on these deposits, the market price will definitely collapse under the sky-high number of orders, and the transaction price will definitely not be higher than the purchase price by 30%, and they will definitely lose money. If the debt is not honored, then the news spreads, and the image of the entire court and the royal family will be ruined. The debts of up to 200 million guan were laid off by the royal family, which is no different from robbing 200 million guan of people's wealth. Especially if the object is a wealthy cross-Zhongchenji group, if it is urgent, the discoloration of the country itself will be the fuse. Under Wan Duan's repeated pleas, Chen Guanxian agreed to delay the withdrawal for a few days, as long as he did not give a satisfactory answer within three days, he would forcibly withdraw the cash and submit the complaint to Kaifeng Mansion.

All shareholders held an emergency meeting to discuss how to respond to the onslaught.