Chapter 18 Conditions for the Establishment of a New Bank

As for Russia vs. the United States.

The Soviet Union's own national policy was a mess. Moreover, in He Xi's view, socialism was inappropriate for a long time. During his time in the Ming Dynasty, he understood what is called the limitations of history.

No matter how capitalism exploits, as long as it can raise the income level of the people at the bottom, for a long time, no one will be fair or unfair.

As long as there is a break in this high growth. will go wrong.

Therefore, every time there is an economic crisis, there is a wave.

He Xi can't change that.

And now He Xi only needs to determine the industrial revolution and carry out social system reform in the entire territory of the Ming Dynasty. Then, in the future, the Ming Dynasty will usher in a long period of expansion, and it is also the Victorian era of the Ming Dynasty.

Before the weakening, there was no one who would think about revolution.

And the United States, the territory of the United States is not small, but the internal governance is simply a mess.

Establish a capitalist empire to control the Ming Dynasty, and in the future manage a vast number of overseas vassal states and colonial governors. He Xi is also very concerned about the political structure, power checks and balances, and the distribution of interests.

There is even a feeling that I don't know what to do.

This is a completely new topic for He Xi. There are also very few references in future history.

One thing is certain, though. That is, for a long time to come, China will need an emperor. It's not that the emperor has any effect. Rather, it is a kind of inertia of thinking, and for quite a few ordinary people, they cannot imagine a court where there is no emperor.

Even in order to reassure the people and unify their thoughts, an emperor is needed.

But how much power the emperor has, how many things the emperor needs to do, and this kind of internal power distribution and checks and balances, He Xi is not sure.

can only let Zhu Xiongying think about it herself.

Zhu Xiongying listened to He Xi's words, smiled bitterly in his heart, and did not ask, what if he couldn't solve this problem?

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Even if He Xi set off a wave of law changes, when this wave really comes, He Xi can't control everything 100%.

After He Xi and Yang Shiqi discussed. Banks were reformed.

First of all, it was determined that Daming Bank became a currency issuing agency and was responsible for the exchange of gold and silver. Determine the interest rate. and is no longer directly responsible for business operations. Originally, the business of Daming Bank was set up separately to establish a household bank.

Responsible for the allocation of all tax payments, the distribution of salaries at all levels, etc.

In addition to this, the Bank of Communications and the Customs Bank were also established.

Naturally, the Bank of Communications merged post stations, railways and other industries. Taking advantage of these stations, there is also a surplus of railroads as the principal of the bank. Many large enterprises have close ties with the railway, and most of their funds are in the Bank of Communications.

Naturally, the customs bank uses customs duties as an expense, and mainly deals in customs trade and imports.

After discussing with Zhu Xiongying, Zhu Xiongying also asked for the name of a bank, that is, the Royal Bank as the emperor's private property. The annual royal fee of one million taels goes directly to the Royal Bank.

This is also a countermeasure that Zhu Xiongying has been thinking about for a long time.

Since you can't beat it, join in.

But what the future will look like, one thing is certain. That is, the past must be in the past. Zhu Xiongying decided to follow He Xi's example and establish a huge consortium, that is, the royal consortium.

So as to manage the Ming at the economic level.

If the royal consortium can achieve Samsung's status in South Korea, then the status of the Ming royal family is unshakable.

So Royal Bank is the first step.

After determining the head office and the four major banks. Six bank slots were released.

All six bank places must be bought and sold at auction, and a minimum of two million taels of gold and silver reserves must be paid.

This is especially important.

All along, He Xi has been hoarding precious metals. As the root for the issuance of banknotes

Ben, accumulated over the years, there are about more than 50 million taels of silver and more than 6 million taels of gold. The total is about more than 100 million taels.

A considerable part of this was brought from Japan. There are also many from the Western Regions and Nanyang.

Because of He Xi's large-scale exchange.

Folk silver coins, gold and silver are becoming less and less. Most of them are banknotes.

But even so, He Xi still suspected that the Ming people had a large amount of gold and silver.

In fact, there was very little gold and silver in the early Ming Dynasty. Mainly in the Yuan Dynasty, the nobles of the Yuan Dynasty bought a large amount of gold and silver for the treasures of the Western Regions. A large amount of gold and silver flowed out, so that in the early years of Hongwu, printing paper money was also a last resort. The gold dollar printed paper money, and there were not many copper coins. Look at the book

There is not much silver.

And Akama always needs a medium of exchange.

That's where the treasure money comes in.

But after He Xi came to the Ming Dynasty, there was large-scale maritime trade and a huge trade surplus. Let Nanyang, Japan, the Western Regions and other places simply not have enough goods to trade with the Ming, and they need the goods of the Ming. As a result, large-scale precious metals flowed into the Ming Dynasty.

That's why there are so many precious metals.

He Xi issued three times and nearly four times the amount of currency according to this amount of precious metals. That is, the total amount of money issued is already more than 400 million yuan.

Coupled with the leverage of banks, this is the basis for He Xi's confidence in getting a good military expenditure of one or two hundred million yuan from the financial market.

Needless to say. Six banks, each bank paid two million taels of silver in gold and silver, and He Xi could print six million taels of banknotes with his backhand, or even more. As long as the prices of gold, silver and currency can be maintained, there will be no problem.

And as soon as the gold and silver enter the treasury of the head office, it is almost impossible to think of it.

It's just paper money that comes out.

For this alone, the imperial court could make a profit of more than 10 million yuan.

That's enough for a year's worth of military spending.

In addition to this, there is also the determination of the share of the national debt. They must underwrite the national debt. Who underwrites the most treasuries. Whoever is in the six places.

But even so, everyone gritted their teeth and launched an onslaught against the six bank places.

However, these people are not stupid, they know that competing with each other can only cheapen others, and everyone is sure. Even not every bank can hold up. We must all join forces.

As a result, everyone has a tacit understanding. Put the number of distributed treasury bonds at 10 million yuan. Without him, everyone knows He Xi's idea of wanting 100 million national bonds. Naturally, I want to give He Xi face.

There were 40 million national bonds before, and now 60 million in six banks. It's 100 million yuan.

First of all, the Liaodong Bank was determined, which was the core of the Liaodong faction. Xie Lun presided over, with the support of the merchants of the Liaodong faction, there is no problem.

Secondly, there is Suzaku Bank.

These people are in fact a union of nobles at all levels. Although these nobles have such and such problems and contradictions, there is no contradiction in the matter of making money. The Ming Dynasty is still red, Nanjing is in the south, and it is in line with the Vermilion Bird. They used the name Suzaku to imply their identity.

And then there's Nanyang Bank.

This is also the reason why the course is open. It was a bank headed by the Lu family in Nanyang and cooperated with some feudal kings. These people are the most generous, but in fact, Beijing is beyond the reach of Nanyang. But Nanyang's economic ties with Beijing are difficult to severe.

In the case of poor communication between Nanyang and Beijing, a large number of Daming goods withdrew from the Nanyang market. As a result, it became very difficult for the Nanyang Ming army to rule the local area, and even the king of Chu fought a big defeat. Almost let the soldiers of the king of Java come to the city.

Fortunately, the waterway was opened. With a steady stream of goods arriving in the South Seas, there are more sophisticated weapons of all kinds. thus making the waist pole of the king of Chu stiff. In fact, these places do not need Beijing's approval to set up banks. But they still want to have a ticket to Beijing.

After all, it turns out that Nanyang is not unable to leave the Ming Dynasty to simply exist. It's just going to be difficult. If one is not good, it will fall into the footsteps of the four towns of Anxi. In particular, Daming's operation of Nanyang has only been more than ten years. It can be said that all parts of Nanyang most hope that the Ming Civil War will end soon.

And they actually didn't want to stand in line, but as soon as Nanjing and Beijing fought, the production capacity of the Taiping Iron Works was completely occupied, and Nanyang had previously purchased weapons from the Taiping Iron Works.

However, the weather in the South Seas is humid, and any weapon as long as it is iron, it will rust very quickly, which means that the weapon consumes a lot. Taiping Iron Works cannot guarantee the supply of weapons to Nanyang. What can these people do in Nanyang?

I can only desperately find a way to smuggle it from Beijing. At the same time, they also determined one thing, in terms of weapons production capacity alone. From one small clue one can see what is coming. A victory for Beijing is highly likely.