On this day, companies, stock markets, and banks were born in this world at the same time, making the originally ordinary day of the third day of the eighth lunar month a special day.

In addition to a brief charter, the three companies did not even have a business address, and in later generations they were not even a leather bag company, but they were still listed on the stock market at the urging of the gentry.

Maybe it was because of the gentry's crying and pleading, or maybe King Yan wanted to strike while the iron was hot, so he actually agreed to take credit, that is, he could subscribe to the shares of the three companies first, and pay the funds in place within half a month.

Looking at the people queuing up to subscribe for stocks in front of the counter, Zhao Mengqi couldn't laugh or cry, he was really the most touching of wealth.

At this time, he was also a little apprehensive in his heart, not knowing whether he had single-handedly spawned these things and turned a group of landlords into capitalists, whether it was good or bad for the world.

In any case, this is already the best way he can think of in order to revive the economy of the Great Song Dynasty.

It not only solves the land problem, but also releases the wealth in the hands of Haoqiang and invests it in the field of production.

The Royal Bank of the Great Song Dynasty is better than the three companies, and has set up a temporary business office in the middle and east of the exchange, and it is officially opened, and there are constantly gentry coming in and out, most of them consulting on the details of loans, and a small number of people start borrowing with title deeds and other property certificates.

It is said that it is a bank, but in fact, there is no gold or silver in it, and there is not even copper money, and it is not used anyway.

After the loan process is completed, the bank leaves the pledge, and then issues a bill representing the funds, and the gentry then take the bill to the trading floor to subscribe for funds and receive stocks, and the so-called funds are actually a book change.

Of course, after the gentry's own funds were in place, they generally deposited them in the bank first, and then also used the money slip to buy stocks.

In other words, except for some small transactions, most of the others are settled through the bank, so as to slowly build the bank's credibility and influence.

Because these are all new things, although they have been fully prepared, they are still a little flustered when they really operate, and there will always be some unexpected problems, so Zhao Mengqi can't be a shopkeeper this time, so he has to sit on the spot.

After being busy for half a month, all aspects are slightly on the right track, and they can operate normally without Zhao Mengqi staring at them all the time.

During this period of time, one million acres of fields have been completely traded, and the shares worth 50 million guan have been subscribed, and the remaining 100,000 shares of the Liuqiu Development Company are specially reserved by Zhao Mengqi for the Fujian gentry, after all, the development of Liuqiu is inseparable from their support.

Although more than half of the 50 million guan were loaned out from the Royal Bank and some book changes were made, more than 20 million guan of various assets were still earned, making the funds controlled by the Royal Bank reach nearly 100 million guan.

It's a good thing to have more money, but Zhao Mengqi, who finished inspecting the warehouse, had a headache.

The currency of the Great Song Dynasty is too messy, strictly speaking, copper coins are legal tender, but they are not enough!

In the small-scale peasant economy, where men and women weave, most of the people are self-sufficient, and their limited trading needs can usually be met by bartering, and even taxes are paid in kind, so there is basically no need for "money".

In other words, cloth, which has a universal nature, and even agricultural products such as eggs, are the money of the people, and the demand for money in the whole society is very small.

However, with the development of productive forces, the social division of labor became more and more diverse, and after the gradual development of commerce from the Middle and Tang Dynasties, the "money shortage" that plagued China for nearly a thousand years began to appear.

Money shortage refers to the shortage of copper coins in the market, even if there is enough in the market, but it cannot be traded smoothly, so that the people suffer greatly.

In the Song Dynasty, commerce flourished, and currency penetrated into people's lives as never before, copper coins were needed to buy things in the market, copper coins were needed for ordinary people to pay taxes, and some of the official salaries and military salaries issued by the imperial court were also copper coins.

In order to meet this huge demand, the imperial court continued to increase the amount of copper coins minted, reaching 6 million guan a year at the highest, and you must know that the most coinage in the Tang Dynasty was only 320,000 guan a year.

Metal money is strong, that is, it is used in hundreds or thousands

It is possible every year, it stands to reason that such a large amount of coinage, coupled with the accumulation over the years, can definitely meet the needs of circulation.

But the money shortage has always been the nightmare of the Great Song Dynasty, and it has occurred frequently, which has seriously hit the social and economic development.

Why not enough money?

First, saving is one of the traditional virtues of the Chinese people, and for people at this time, the best way to save is to bury their belongings, especially those who are wealthy, often hide a large number of copper coins, and even do not use them for generations.

And the more money is scarce, the more valuable the copper coins become, and the more prevalent this kind of cellaring behavior becomes, so it falls into a vicious circle.

Again, there was a saying in the Song Dynasty, "Cast in one dynasty, shared by four dynasties." Liao, Xixia, and Jin all used the copper coins of the Great Song Dynasty, and they were also the main currencies of the Wa, Goryeo, and Jiaozhi countries, and flowed to South Asia and West Asia, becoming the auxiliary currency of the southern region of Tianzhu and even the Persian region.

In other words, the money of the Song Dynasty had the status of the international currency of the US dollar in later generations, but the United States took advantage of it, but the Song Dynasty suffered from it.

The main reason is that copper itself has value, and the Song Dynasty could not make profits from minting money, and the outflow of copper coins made it not enough for their own families.

In order to stop this problem, the Song Dynasty introduced a strict ban on money, once stipulating that those who brought more than five copper coins were punished by death, and also tried to change "international trade" to barter, such as "tea and horse market", but the effect was not ideal, but seriously restricted normal trade.

Normal trade has come and gone, but the Japanese people are very thieves, and they come to the Great Song Dynasty to sell things, but they often do not buy less goods, but the whole ship transports the copper coins back, and there are hundreds of thousands of yuan each time.

Just five or six years ago, Japanese merchants sold Japanese goods at low prices in Wenzhou and Taizhou, trading copper coins, and for a month thereafter, there was hardly half a copper coin found in Taizhou City, and the city was almost paralyzed.

Overseas, copper coins from the Great Song Dynasty, just like the US dollar during the stiff period, are extremely valuable in overseas countries, and their actual purchasing power far exceeds that of China.

"Every is a consistent number, you can change the goods of a hundred times, and the number of a hundred times can be changed for a thousand things, so it is a constant."

Under the trend of high profits in copper price differentials, some people managed to bypass the sea ban and sell copper coins overseas to obtain huge profits, just like the Liu family colluded with Japanese merchants.

In the end, when the imperial court used most of the copper to mint coins, there was a strong demand for bronze objects, which caused the value of copper itself to rise wildly, far exceeding the face value of copper coins.

At this time, in order to make more than five times the huge profits, some people naturally melt and cast copper coins into copper mirrors, copper basins, Buddha statues and other bronze objects, and this phenomenon is very serious.

In the market of antique collections in later generations, the bronze mirrors of the Song Dynasty have not been sold at a high price, one of the important reasons is that they are minted too much privately and passed down in large quantities, so they are not rare.

When the lack of copper coins is difficult to reverse, and there is a lack of money in the market, there are various substitutes to participate in circulation.

Iron money is the spare tire of copper money, Jiaozi and other paper money is essentially a certificate of deposit deed, but also supported by copper money, the Song Dynasty court gave it the nature of credit currency, and also established a financial system such as reserves, but it is a pity that it is difficult for the imperial court to control itself, and the depreciation of paper money has become the norm, and credit is on the verge of collapse.

Gold and silver are not currency, but because of their own value, they will also be used for circulation, but the price of goods in the Song Dynasty has never been much to say that there are many taels of silver.

In addition, negotiable bills such as tea, salt banknotes, and duki, as well as actual goods such as silk cloth, also took on many circulation functions.

These substitutes have alleviated the problem of money shortage to a certain extent, but also further increased the value of "copper coins" and exacerbated the lack of copper coins in circulation.

At the same time, it also brought a lot of trouble to the financial management of the Song Dynasty, making the treasury the same as the grocery store.

Zhao Mengqi had long had the idea of establishing a new monetary system, but at present, all the conditions were not available, especially the lack of precious metals, which made him even more anxious to start a plan against the Japanese state.

After reading the warehouse, Zhao Mengqi took everyone to sit down in the official room and began to arrange things.

"Brother Heyun, there have been a lot of projects under construction recently

As for the audit and supervision, in the current situation of insufficient manpower, it can be relaxed, I would like to see those who are not afraid of death who dare to stretch out their hands."

The Royal Bank is now Zhao Mengqi's money bag, and it will also be the money bag of the royal family in the future, and it is likely to be the money bag of the entire Great Song Dynasty, and from a certain point of view, it is even more important than hundreds of thousands of troops.

Therefore, Zhao Mengqi hesitated for a long time in the selection of the president of the Royal Bank, and did not get rid of the limitation of "cronyism", and finally preferred to use clan personnel.

Zhao Heyun was born in Quanzhou's Nanwai Sect, and his family also operates overseas trade, so he is also familiar with business, and it is even more rare that he has a good foundation and talent for arithmetic.

Since the establishment of Dongwei, Zhao Mengqi has also trained together in the camp for a long time, and in his free time, he often exchanges some knowledge and concepts with these pro-soldiers that are different from this world, so as to cultivate the sense of identity of these child soldiers.

For the mathematics of later generations, Zhao Mengqi is also at the level of common sense, but he has rich practical experience in finance and accounting, and seeing that Zhao Heyun is interested in this aspect, he is also not stingy to teach it.

After understanding these mathematical and accounting knowledge, Zhao Heyun was able to master and apply them quickly, and he was also able to combine Huaxia's existing arithmetic knowledge to further study on his own.

With this strength, Zhao Heyun naturally became the first president of the Great Song Royal Bank.

And after nearly half a year of military training, Zhao Heyun's complexion at this time was dark, and he was no longer the beautiful son of Yushu in the wind, his eyes became sharper and sharper, and he was strong and tenacious in his modesty, and he no longer had the slightest feeling of frivolity and prodigality.

"His Royal Highness instructs, his subordinates must keep it in mind, and they will fulfill their duties, live up to His Highness's trust, and if there is a mistake, they will be willing to be dealt with by military law!"

Zhao Mengqi chuckled, "Now that I'm not in the army, I don't have to be so serious...... In addition, you should prepare 1,000,000 copper coins as soon as possible and hand them over to the Tokai Trading Company."

Zhao Heyun was stunned for a moment, "Donghai Company? Does Your Highness mean that you want to transport the copper coins to the Wa Kingdom!?"