I Build an Aircraft Carrier in the Ming Dynasty

In the Governor's Mansion, after reading the report of the brick factory, Wu Changqing brought Wu Zhiyue and Gu Yanwu together to discuss with them about setting up a bank.

He needs money for all kinds of construction projects, so he spends a lot of his daily time on how to make money.

When it comes to making money, the most profitable industry in later generations is banking. Therefore, Wu Changqing also wanted to get the bank out.

In fact, during this period, there were also institutions similar to banks, banks.

However, during this period, when people deposited money in the bank, they needed to pay interest to the bank, so the people's willingness to save money was not very strong, and the bank naturally couldn't grow.

Moreover, the credibility of private banks is a problem. It is not easy to put money in the bank to convince the people of these banks. Once there is a bit of trouble, a run on the bank is likely to occur, causing the bank to not dare to use too much deposits for investment to generate money.

These are the reasons why the bank can't grow. From the perspective of Wu Changqing's later generations, these people who run the bank are quite stupid.

Why should we covet that little custodial interest? This is not forcing the people to put their money in their pockets and hide it in the cellar.

Which bank in the future will collect money when it takes deposits from depositors? They are rushing to send interest to depositors to absorb funds. It’s not uncommon for people to make money, and they don’t care about the custodial fee. They make more money by lending the money.

Of course, there are not so many investment opportunities in this era, and it is also a big problem to absorb too many deposits and not find a high-quality investment industry.

Moreover, in an era of insufficiently developed information, the accountability of lenders after business failures is also a big problem.

However, now Wu Changqing can solve these problems perfectly. The industrial revolution he started ahead of time has made investment opportunities everywhere.

Now come to the market to do business, there is almost no possibility of losing money.

As for the issue of credibility, his prestige can still convince the people. In terms of accountability, he represents the government, and those who want to avoid responsibility may also weigh the consequences.

In fact, lending is not the main purpose of Wu Changqing. If no one comes to borrow, he can invest it himself. The profits of those emerging industries are terrifyingly high, and there is no need to worry about losing money if you invest money in those industries.

In a word, it is of great benefit to development to collect the scattered money of the people and concentrate on doing big things.

It is precisely because of this that he is eager to open a super-large bank.

He can rest assured that this bank is in the hands of his family, and at the same time, to prevent the family members from using this bank for illegal profit, he has to arrange for officials to supervise the bank.

Wu Changqing decided to turn this bank into a joint venture between officials and businessmen. The Wu family was responsible for the specific operations, and the government was responsible for supervising and dealing with some troubles that could not be solved by private individuals.

"Is it too risky to give interest to depositors?"

After seeing Wu Changqing's plan, Gu Yanwu was a little worried.

From collecting storage fees from the common people to depositing interest on the common people, this step is a bit big, and it's easy to pull the eggs. It can be said that once this policy is released, other banks will have to go bankrupt.

"Master Gu, you're just worrying too much. At present, the business on the market is very good, and most of them are making money. In front of those high profits, this little interest is trivial.

Compared with the profit given by the national debt, the deposit interest of this 10% is already a big profit. The same is to absorb funds, the cost is 40% lower. "

Wu Zhiyue analyzed.

Although the bank has the risk of a run compared to the national debt, but with Wu Changqing's endorsement as a guarantee, the possibility of a run is not high.

Gu Yanwu pondered for a while, and found that there really didn't seem to be too much risk.

Thinking of this, Gu Yanwu secretly reminded himself in his heart that he can no longer think about problems according to the previous thinking. Today's society is changing too fast, and many things have to be thought from a different angle.

"Let's build credibility first. This bank will have a lot of responsibilities in the future. It is very troublesome to trade silver for bulk goods. It is often hundreds of thousands of pounds, and it is troublesome and unsafe to carry. In the future, I will issue paper money sooner or later."

Wu Changqing said.

"My lord, you can't just issue these banknotes. Once issued, the consequences will be disastrous."

Gu Yanwu was in a hurry. He had no problem with the bank, but when it came to issuing banknotes, he panicked.

It has not been many years since the failure of Daming Treasure Banknotes, and today's people and officials have not forgotten that kind of disaster. When it comes to treasure notes, the first thought that pops into everyone's mind is a liar.

The paper money thing is like a devil, and once it is released, it will be a big trouble.

"Don't worry, Mr. Gu, I will definitely not print the banknotes casually, but will decide according to the quantity of silver and the economic situation. Forget it, for now, don't worry about it for now, just run the bank, and then you will naturally understand. of."

Wu Changqing doesn't have time to explain now, and he will talk about it later.

Anyway, the time to issue banknotes is not yet ripe, at least after unifying most of the major parts of the country, he will not start issuing them.

Gu Yanwu and Wu Zhiyue took over the errand, and then set up Guogong Qianzhuang.

The reason for using the name Guogong Bank is naturally to borrow Wu Changqing's prestige. Today, the people in the south of the Yangtze River believe in Wu Changqing's credibility.

Wu Changqing is fortunate that the people's hearts he has earned so much have played a role at this time.

The initial investment of Guogong Bank was 500,000 taels, all of which were contributed by the Wu family.

At the same time, Gu Yanwu deposited the government's silver taels in the Guogong Bank.

This amount of money is quite a lot, more than 400,000 taels, which are all kinds of expenses for the government's usual office.

The starting point of Guogong Bank was very high. When it was established, those who wanted to please Wu Changqing put their spare money into Guogong Bank.

They all believed that Wu Changqing was someone who wanted to do great things, and it was impossible to use this method to cheat money.

By depositing money in Guogong Bank, not only can you gain Wu Changqing's favor, but you can also get interest every month or every year, so why not do it.

In just three days, the deposits absorbed by Guogong Bank reached three million taels.

Subsequently, Guogong Bank started the lending business.

The targets of the initial lending were all wealthy businessmen with family property and collateral in Nanjing, so that they would not have to worry about huge losses.

Even if the other party fails to do business, the government can come forward to take away the collateral and transfer the risk to the individual.

In addition to lending to others, Wu Changqing has personally diverted these funds to some very profitable industries.

For example, his new toothpaste and toothbrush, two necessities of life, are also very profitable.

Compared with the previous tooth powder, toothpaste is more convenient to use and more comfortable when washing. At the same time, the toothpaste manufacturing process Wu Changqing came up with can produce toothpaste on a large scale, and its cost is also cheaper than tooth powder.

The toothbrush is more delicate than the previous toothbrush, the bristles are finer and softer, and it is not so easy to bleed when brushing.

In terms of comfort, it is much higher than the previous toothbrush.

At least, the female relatives of the Wu family are not willing to use the previous tooth powder after using the toothbrush and toothpaste.

This is enough to show that toothpaste and new toothbrushes have a crushing advantage when competing with tooth powder.