Yiwei of Dongchang went door to door to call the roll according to the list. At first, the people were still in a panic, but gradually they found that Jin Yiwei was looking for officials, and ordinar...Chapter 520 Bank!

Xu Changqing breathed a sigh of relief when he saw that Li Chen had made up his mind.

it's a good thing I didn't raise an objection directly just now, otherwise I would have been embarrassed.

but even so, Xu Changqing said, "Why does your Highness insist on setting up a bank" Although banks have a lot of money, they are all depositors. As far as I know, most of those who set up banks do not make much profit and have to bear the risk of keeping silver. If they lose money or are stolen, they have to bear the responsibility of the bank. "

Xu Changqing doesn't understand, but Li Chen knows it very well.

what is a bank That's the bank!

can't banks make money

that's a joke!

although it seems that people are asked to deposit their money and have to pay interest to attract savings, this is a loss.

but the bank can get a huge cash flow. Although the bank is only responsible for safekeeping, once the people's money is deposited, it will not be withdrawn unless there is a major event.

then when banks get this large amount of cash flow, they can use money to generate money.

such as borrowing money.

interest on loans, there are huge business opportunities.

this business is extremely difficult for others to do.

in feudal times, there were not so many ways to find people.

but the court is different.

the imperial court is in charge of household registration all over the world, and wherever you go, there will be local officials.

so the banks opened by the imperial court are not afraid of borrowers running away at all.

you can still run if you owe money to a person, but where can you go if you owe money to an official

what's more, once the bank is set up, there is another huge function, that is, bonds.

issuing bonds in the name of the imperial court, first let the people taste some benefits, as long as the imperial court pays the interest several times, then no matter what the imperial court wants to do, there will be a steady stream of financial support from the people.

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thinking of this, Li Chen has made up his mind completely.

"do you know some of the most profiteering industries among the people"

when he heard Li Chen's question, Xu Changqing was stupefied for a moment and then replied, "Green House, gambling shop, can be described as profiteering."

"Yes, these two businesses take advantage of human weakness. Needless to say, as long as men are not extinct in the world, their business cannot be cut off."

"but no matter how short of money the court is, it will not go so far as to engage in this flesh business, otherwise I would not have been scolded by the literati for thousands of years."

"as for this gambling house, one of the biggest sources of money is the percentage. There must be a winner at a gambling table, and as long as it is a winner, it has to hand over a percentage. On the gambling table of the casino itself, it can even use thousands and other means to embezzle gamblers' money. But this is only one of them, and the other is borrowing."

"the casino will provide loans to regular customers and return out of nine out of thirteen. The casino has goons, and the borrowers are all familiar with local customers. They are not afraid that they can always make a lot of money if they don't get their money back. Moreover, this is relatively hidden, and only the owner of the gambling shop knows it. It belongs to making a fortune in a quiet voice."

"although the imperial court cannot do meat business, it is possible to lend money."

Li Chen's last words fell to the ground, and Xu Changqing was stunned.

he couldn't figure out why his Royal Highness knew so much about the green house and the casino business.

but this does not prevent him from opening the door to a new world by Li Chen.

Xu Changqing is definitely not a fool when he can be an official and wait on the left of the Ministry of Household.

on the contrary, his brain is very flexible.

after Li Chen's reminder, he immediately realized that with the unique advantage of the imperial court, this business can really bring endless wealth to the imperial court!ys!"Yerugu praised that there was someone in the place around his fingers and said coldly, "the consequences caused by this matter, not to mention you, even the Daqin court cannot afford it. This king...