He took a sip of tea and continued:

"Ordinary Chinese people, even the poorest, have a thousand-year tradition of putting some life-saving money at home, which is money at the bottom of the box, even a dozen copper coins or a few silver dollars."

"Since all banks do not open accounts for these ordinary people, many people's money is kept at home, under pillows and boxes. It is not safe and is often missed by thieves."

“If we take the small amounts of money that are idle in ordinary people’s homes and deposit them in banks, it will not only ensure the safety of their money savings, but also get some interest from it. Why not?

"

"For banks, these accumulated funds can be pooled and loaned out to support merchants who need cash flow, turning dead money into living money, and playing the due role of a commercial bank."

Chen Zongyu listened carefully to Chen Tianhua's narration, and secretly admired in his heart that this young man had such a flexible mind that he had even thought of these things.

After he frowned and thought for a moment, he said:

"Hua Zhi, your idea is very good. It is to set up a savings bank that mainly focuses on savings deposits, increase lending funds, and use the interest difference between lending and absorbing deposits to become the bank's profits. But in actual operation, it is very difficult.

And the risk of profit margin is also high.”

"For example, setting up a savings network involves a lot of investment in decoration costs, house rents, personnel salaries, etc., which means that the initial expenses will be very large. If it is not done well, not much money will be saved, but the expenditure costs will be large.

A hard loss occurred.”

Chen Tianhua smiled and said:

"Savings banks are starting to suffer a small amount of losses, which is inevitable because investment is needed at the beginning. It is true that everything is difficult at the beginning."

"But as long as our publicity work is in place and we encourage people to come forward to save money, after reaching a certain amount of savings, we can balance our expenditures. Then it becomes a question of how much profit we make."

"As for the establishment of savings points, we will first set up points in wealthier towns and densely populated areas, and develop them step by step in a snowballing manner."

With his understanding of the layout and development of the banking industry in later generations, Chen Tianhua seemed confident in the establishment and operation of savings banks.

"Okay, I agree to give it a try. It's up to you to take charge of this aspect. We might as well set a time limit and a loss limit, make a bold idea, implement it carefully, and proceed steadily in stages. Don't be blind."

Chen Zongyu only thought for a moment and then readily agreed, mainly because he had an inexplicable and extraordinary sense of trust in Chen Tianhua.

In his mind, this young man was no ordinary person, but a wise man with extreme wisdom and luck.

"Thank you, Uncle Shi, for trusting me. Hua Zhiding will go all out to do this savings work seriously." Chen Tianhua was very excited and stood up to bow excitedly.

He didn't expect Chen Zongyu to agree so quickly.

Regarding developing a savings business for ordinary people, Chen Tianhua is not the only one who thought of this. There are definitely people who have thought about it, and others have tried it, but they all ended in failure.

The reason is:

First, it is nothing more than the traditional consciousness and habits of the people.

They are used to putting money in a money jar and pouring it out from time to time to count, but they are not used to it and don't trust it when putting it in a bank.

Second, the deposit interest setting is unreasonable.

Not only are there no custodial fees for depositing money, but you also have to pay interest. Some banks are confused and give little or no interest.

Without interest as an attraction, ordinary people will just be greedy for small gains. If there is no profit, they will not be able to afford it early, and they will lose motivation to save money.

Regarding the setting of savings interest in later generations of banks, Chen Tianhua believes that deposits can be divided into fixed-term and current deposits.

The period can be divided into three months, half a year, one year, two years, three years and five years.

With the structural diagram of the savings setup of later banks, Chen Tianhua was full of confidence.

"Uncle Shi, have you decided on the name of the bank?"

"The name is very important. I thought about it a lot, but in the end I still want to ask a master of metaphysics to decide it." Chen Zongyu's attitude was sincere.

"I thought of a name. I can ask a master of metaphysics to test it. I named it 'Fengzhong', which means Fengzhong Zhong. Qizhong is also a homophone of Zong. It's called Zhejiang Fengzhong Bank, Zhejiang Fengzhong Savings Bank, and Zhejiang Fengzhong Commercial Bank."

.”

"Okay, Fengzhong is a good name, and the name is easy to pronounce. I'll ask you to take a look at it another day, ha...haha."

Chen Zongyu laughed happily.

After the name of the bank was roughly determined, the focus of the discussion between the two naturally pointed to issues of equity capital and shares.

Chen Tianhua took a sip of Longjing and asked directly: "What are Uncle Shi's considerations about the distribution of equity capital and shares?"

"How much cash can my nephew take out and invest in Fengzhong Bank now?" Chen Zongyu asked.

Chen Tianhua put down his tea bowl and smiled bitterly, "Most of my funds have been invested in amphibious kilns and breeding farms. Adding up the income from all aspects such as year-end dividends, I can only squeeze out 5,000 yuan in silver now, but I have something

The items can be sold to Uncle Shi in exchange for investment funds."

"Oh, what item?" Chen Zongyu said in surprise.

Chen Tianhua took out something wrapped in gold velvet from his arms and opened it layer by layer, revealing a chicken-blood red pearl the size of a mothball.

This chicken blood red pearl was the one he was reluctant to sell, which made Chen Zongyu stunned.

"Wow, this is an extremely rare King of Pearls. Is this... was it caught in Guazi Lake together with the last ones?"

"Yes, Uncle Shi, this junior couldn't bear to part with it at that time, so he kept it, but for this investment, he had no choice but to take it out." Chen Tianhua was obviously a little reluctant to part with it.

Chen Zongyu took out a magnifying glass and looked carefully, and found that it was a chicken blood red pearl with extremely high purity. He thought to himself: This is a priceless treasure.

He put down the magnifying glass and said, "My dear nephew, uncle Shi will give you fifteen thousand pieces of silver. How about it?"

The price offered by Chen Zongyu was considered fair, and it was in line with Chen Tianhua's price. He agreed without hesitation: "Let's settle the deal at Uncle Shi's price."

"Okay, I didn't expect that I got a treasure today. I'm very happy. Let's have a few more glasses of wine later." Chen Zongyu looked very happy and excited.

As a well-known jeweler, collecting rare and rare jewelry is one of his favorites, and the pearl Chen Tianhua took out is the largest and purest natural chicken-blood red pearl he has ever seen.

This is considered a priceless treasure, how can he be unhappy?

"Of course I'll have a few more drinks later to celebrate, but Uncle Shi hasn't informed me of the share plan yet?"

Now that the King of Pearls has been sold, Chen Tianhua no longer thinks about it. What Chen Tianhua is now focusing on is the bank share plan.

"Oh, my initial consideration in this regard is this. The total equity capital of Fengzhong Bank is temporarily set at 300,000 yuan. My nephew has 20,000 yuan in cash. I will lend you another 10,000 yuan in cash. I will make up 30,000 yuan and occupy
Chapter completed!