The issuance of the new silver and copper dollars was only the first step in the financial policy of the Chinese Empire, and the next step would be to implement the 'abolition of the two yuan' and the implementation of a unified system of currency.

After the successful abolition of the two yuan, there is no messy silver ingots, silver slots and other silver currency, and there is no copper coins such as money, and the value of the currency has been initially stabilized, then the Ministry of Finance is to implement the next monetary reform plan, that is, to issue paper money.

These monetary policies are all linked and need to be implemented gradually, and it is definitely not that Lin Zhe can issue banknotes if he says that he can issue banknotes.

As the beginning of a series of monetary policies, there must first be a new version of the currency, and at the same time, this set of currency must be issued.

This requires the unit of currency issuance: the bank!

It can be said that the gradual monetary policy formulated by the Chinese Empire is the main reason for urging the royal family to prepare for the establishment of banks!

On May 6, the Ministry of Finance announced the establishment of the 'Imperial Central Bank', which is a purely administrative institution that does not provide commercial banking services, and its functions are only to issue money and supervise the financial industry.

On the day of its establishment, the Imperial Bank announced that it would issue new versions of silver and copper coins, and at the same time announced that all private banks, ticket numbers, and foreign banks in the jurisdiction would need to be subject to the supervision of the Imperial Bank.

At the same time, it was also announced that it would promote the formalization of the financial industry in the empire, so that all local money banks and ticket numbers could be transformed into modern banks.

In response to the financial policy of the empire, the 'Royal Bank of China', invested by the Imperial Family, was also established the next day on the Bund Avenue in the Shanghai Business District.

The bank raised about 100,000 silver dollars as the initial investment from the royal estate, and at the same time obtained a loan of 200,000 silver dollars from the Ministry of Finance, which means that the registered capital of the bank is 300,000 silver dollars

Not to mention that this capital scale is compared with those big foreign banks, even the famous Jin merchant ticket number and money bank cannot be compared.

However, as the first non-foreign-funded modern bank in contemporary China, the significance of this bank is far from what its registered capital can represent.

The establishment of the Royal Bank of China was a prelude to a series of measures taken by the Ministry of Finance to carry out financial reform and monetary reform.

First of all, the Ministry of Finance announced that in the future, the Royal Bank would deposit the national tax revenue, and then the country's military and political expenditures would all be transferred from the Royal Bank, and more than 500 tons of silver and more than 10 tons of gold in the treasury would be transferred to the treasury of the Royal Bank.

At the same time, it was announced that the salaries of government employees would be paid to the employees' accounts with the Royal Bank, instead of the previous direct cash payments.

The military also responded to Lin Zhe's edict, announcing that all subsequent revenues and expenditures of the military would be transferred from the Royal Bank, and announced that in the future, the salaries of the soldiers would be directly paid to the soldiers' accounts in the Royal Bank, instead of continuing to issue cash.

The payment of salaries alone has added hundreds of thousands of new depositors to the newly established Royal Bank!

And the deposit tax allows the Royal Bank to obtain tens of millions of deposits every year in the future!

There are two most important points in a commercial bank, that is, deposits and loans!

Let's not talk about loans, but if we just rely on ordinary means to attract deposits like ordinary banks, it will be absolutely difficult for the nascent Royal Bank to develop.

However, if it directly acts as an agent for national taxes, government revenues and expenditures, personnel salaries and other related businesses, then it is enough to make Royal Bank instantly become the largest commercial bank with deposits in China.

With such a rich foundation, if the Royal Bank can't develop, then it means that Pan Lixuan and others really can't support the wall in the mud and can't be saved!

Although it was to catch ducks on the shelves, Pan Lixuan and others were still fully prepared, for which they acquired a small foreign-funded bank in advance, not for anything else, but to learn from the modern banking management experience, and at the same time heavily from several other large foreign-funded banks in the business zone, as well as large-scale private money banks.

In the end, most of the executives of the Royal Bank, which was formed in a hurry, were temporarily recruited talents, of which foreigners accounted for 30%.

Relying on sufficient funds, the Royal Bank quickly opened branches in the business area, Suzhou, Nanjing, Hangzhou and other cities controlled by the Chinese Empire, after all, the Royal Bank needed to extend its tentacles to every part of the Chinese Empire's ruling area due to the need to act as an agent for government revenue and expenditure, and it would not be able to operate effectively without enough branches.

In just one month, the Royal Bank opened as many as 38 branches, almost all the large cities in the empire, becoming the only large-scale regional bank in China, and the pace of the Royal Bank to open branches has not stopped, will arrive in every place with the pace of the Chinese army, and when the Chinese army unifies the country, the Royal Bank will be able to open all over the country, and the future will become a national bank just around the corner.

At the same time, the Royal Bank also closely followed the financial and industrial and commercial development policies of the empire, and issued a large number of new silver and copper coins to southern Jiangsu and northern Zhejiang through many branches.

At the same time, it also began to mobilize deposits and other funds to support the development of industry and commerce, and approved loans of up to more than 2 million yuan to eight textile enterprises, five mechanical enterprises, and more than 10 enterprises in other industries that needed funds to expand production.

In addition to funding these existing enterprises, Royal Bank is also expected to provide a large loan to the country's first steel company, Jiangnan Mining Company, to finance the development of an iron ore mine in southern Anhui, which later became known as the Ma'anshan Iron Mine.

With the rapid development of domestic industry and commerce, especially the national defense industry, the demand for steel has increased sharply, and the private steel supply in the past can only rely on some handicraft workshops and small mines.

However, with the rapid development of the national defense industry, the demand for steel has increased sharply, and steel is needed to make guns and cannons.

The previous Lindeji Qì factory was an in-house iron-making plant, which collected iron ore from small iron ore mines in southern Jiangsu and northern Zhejiang for smelting, but the scale was not large.

With the establishment of the Jinling Arsenal and the increased demand for steel from the Shanghai Shipyard and other heavy industries, it was impossible to rely on the small ironworks set up in the Linde Machinery Factory alone.

In order to completely solve the problem of steel supply, Linde Machinery QÌ Factory took the initiative to separate the ironmaking plant of the plant to form a large steel company.

Several other major domestic steel users, including Linde Machinery Company, Shanghai Shipyard and Jinling Arsenal, also responded positively and invested funds to participate in the shares.

In the end, the above four enterprises raised 60,000 silver dollars to set up the 'Jiangnan Mining Company' in Dangtu, Wuhu, to develop the iron ore in Ma'anshan.

However, these tens of thousands of silver dollars are obviously not enough to develop a large iron ore mine, and at the same time need to build a steel plant, playing the steel industry in modern times, tens of thousands of taels of silver thrown in, even the splash can not be splashed, hundreds of thousands of silver dollars smashed into it can only be heard, without millions of silver dollars to lay the base, it is impossible to build a large-scale steel plant.

Of course, this is talking about those super-large-scale steel plants, which are still too luxurious for China, although China's demand for steel is much more than in the past, but it is also limited, mainly because the demand for steel in the civil construction industry and the defense industry is relatively large, but this demand is not too large.

In this era, the steel output of the number one powerful British people is not comparable with tens of millions or hundreds of millions of tons in later generations, and now Britain's pig iron output is only a few million tons, and the output of raw steel is only hundreds of thousands of tons.

Lin Zhe also does not have much extravagance, as long as there is an output of hundreds of thousands of tons of pig iron, and another 10,000 tons of steel output, then it is already very sufficient for the Chinese Empire at this stage.

No matter how much it is, to be honest, it really won't take so much steel!

To increase the demand for steel production sharply, we can only wait for the time to build railways and steel ships, and now, the most steel is used in the defense industry, followed by agricultural tools needed for agricultural production and construction steel needed for modern municipal construction.

With Lin Zhe's direct support, coupled with the fact that several companies jointly invested in are actually royal industries, they can be regarded as each other's family, so the establishment of Jiangnan Mining Company is relatively low-key.

Before the wealthy businessmen in the business area knew it, the Jiangnan Mining Company had already accepted the first loan of up to 300,000 silver dollars from the Royal Bank in a low-key manner, and then purchased equipment to prepare for the development of the Ma'anshan iron mine and the construction of a nearby steel plant.

With the establishment of Jiangnan Mining Company, driven by the royal industry, the heavy industry system in the Chinese Empire has begun to take shape, and its Linde Machinery Factory has a gunpowder factory, which can be regarded as a chemical industry, while Shanghai Shipyard represents the shipbuilding industry, Linde Machinery Company's looms and steam engines represent machinery manufacturing, and Jiangnan Mining represents the steel industry.

Although there are still many things lacking, the most basic system has been formed, and the next step is to continue to increase investment, fill in the gaps one after another, and finally establish a complete heavy industry system.

And the time it takes is not a few months, not a year or two, but a few decades, Lin Zhe optimistically estimates that a complete heavy industry system can be established in 50 years, then it is a pioneer!

The establishment of Jiangnan Mining Company is expected to provide a large number of steel products for China in two years or even a year, and before that, it will naturally continue to use the coal and iron ore dug out of various small mines and the steel smelted by handicraft workshops.

Looking at the industrial and commercial development of the Chinese Empire in the past few months, the measures such as financial and monetary reform are actually the kind that cannot see the effect in a short time, and it will take at least a year or two before the basic effect can be seen.

This can be seen from the fact that the supply of ordnance to the Chinese army is still the same, and there will be no major changes in the next year, although the Jinling Arsenal has been built, and the Jiangnan Mining Company has also been established, but these things that will take at least a year or two to see the most basic effects are too far away for the Chinese army.

After all, it is impossible for the Chinese army to stop its pace and wait for the development of domestic industry, the pace of the Chinese army's conquest will not stagnate because of the hardships of industrial and commercial development, and the pace of the Chinese army's expansion will not stop because of the lack of supply of ordnance.

Since there are not enough ordnance to expand the Royal Army on a large scale in a short period of time, the military is once again targeting the Allied Defense Force troops.

There were no small-caliber Mini rifles of the 1856 model, and arquebuses and swords were not there yet? (To be continued.) )