It is said that governing a great country is like cooking a small fish. After finishing his inspection of Jiangnan, Wan Lei stopped moving around and stayed in Beiping to accompany his wife and children. When he was free, he would also visit the Chongdaotang headquarters or give lectures at Peking University. He lived a small life. Also considered leisurely
All departments of the central government and local governments at all levels are operating normally, and nothing has happened to Wan Lei. He can be regarded as enjoying the pleasure of "having faith, righteousness, virtue, merit, and ruling the world." However, Wan Lei is not willing to rule for nothing. During this period of time, he actively planned to set up a bank whenever he had some free time.
A bank is actually a commercial institution that facilitates merchants to make deposits and withdrawals. After it matures, it can also provide loan business. However, now the banking industry is only in its initial stage. Deposits and withdrawals are its main business and it relies on charging fees for deposits and withdrawals to make profits to maintain operations.
It is precisely because it is in the early stages of development that how to promote the banking industry to take root and flourish. This is Wan Lei's most concerned issue. After all, for the Republic of China, which is founded on industry and commerce, the role of banks cannot be underestimated. If the banking industry develops into a complete financial system, That will have a huge role in promoting industry and commerce.
Of course, as an important industry related to the national economy and people's livelihood, the banking industry still needs necessary management. Otherwise, if banks develop blindly and a financial crisis occurs, the harm will affect various industries like a tsunami, so we must be cautious.
In building the banking industry, Wan Lei insisted on allowing banks to operate privately. On the other hand, he also strengthened financial supervision. The central government established Xinghua Bank as the central bank to manage and guide all private banks. Private banks must have sufficient principal as reserves. Only those with high enough risk resistance can apply for establishment
With the strong support of Wan Lei, Xinghua Bank was officially established on the second day of July. Its main function is not only financial monitoring, but also engaged in currency and treasury bonds. It also organizes the financial settlement business between the central and local governments. In the future, local taxes and the central government will pay local taxes. All allocations have to go through Xinghua Bank, making the mobilization of funds more transparent and more convenient.
Now that the Republic of China has basically achieved unification, Xinghua Bank also needs to increase its currency circulation. It is expected to collect billions of Beiping Tongbao every year to facilitate private commercial circulation. It also needs to mint hundreds of millions of silver dollars to serve as the basis for bulk trade. currency in circulation
Of course, you don’t have to have as much money as you want. It has to be balanced with the current situation of economic development, otherwise it will lead to inflation; economic experts to discuss
I have to say that the Republic of China has so many talented people. It just lacks Bole. Wan Lei used policy theory in the School of Administration to select talents who understand economics and found dozens of them. Most of them were students from various places in the south of the Yangtze River. member
One of them, Zhou Chen, has many shrewd calculations in economics, taxation and finance. He is very insightful and even summed up the calculation method of gross national product. The amount of gross national product determines whether the country is rich. The conclusion also pointed out that if the country wants to be prosperous and strong, it must develop a balanced development of agriculture, industry and commerce, a theory that cannot be neglected.
It was natural for Wan Lei to reuse such brilliant economic talents. He directly promoted Zhou Chen to the vice president of Xinghua Bank, responsible for researching, formulating and revising various financial policies. He enjoyed the treatment of a fourth-grade official and received nearly a thousand silver dollars every year. His official salary can be said to be a high and powerful position.
The president of Xinghua Bank, Wang Wenyuan, is a senior financial management expert who has long served as the deputy general manager of Huayuan Company. Under his leadership, Huayuan Company’s account details are very clean. There is no tax evasion, and there is no withholding of shareholder dividends. Now that the situation has arisen, transferring him to Xinghua Bank will naturally use his financial management skills to improve the bank's accounts. After all, Xinghua Bank, as the central bank's agent, serves the central and local finances. If a number is wrong, there will be a lot of trouble. Money cannot be neglected
At the same time that Xinghua Bank was established, Wan Lei also led some wealthy businessmen to establish Industrial Bank, the first private bank to operate private deposit and deposit business. This bank has an estimated capital of 10 million silver dollars. It is headquartered in the famous province of Peking and has branches in various prefectures. Set up offices in various provinces to form a complete banking network
As one of the founders, Wan Lei spent 10,000 silver dollars to subscribe for one thousandth of the shares and became one of the shareholders of Industrial Bank. 10,000 silver dollars was considered a huge sum of money for Wan Lei. When he became president, he had an annual salary of 5,000 silver dollars.
Although Wan Lei has shares in various large and small companies, his annual dividends are more than 100,000 silver dollars, and there are various patent transfer fees. It seems that he has a lot of income, but Wan Lei himself does not have much money because he spends too much money. More
Take Peking University as an example. It has established a student aid fund and spends 150,000 silver dollars each year to reward research and innovation. All proceeds from patent transfers are attributed to Chongdao Hall as research funds. Most of the president's annual salary is used for Huayuan's daily consumption. There is not much money left in a year
Wan Lei's habit of spending money as soon as he gets it has also deeply affected the big capitalists of the Yan Chamber of Commerce. Those guys with a fortune of tens of millions don't have much liquidity. Whenever they have a surplus, they use it to invest, either to expand production or to use it. Buy stocks, buy treasury bonds
In fact, Industrial Bank can only absorb small deposits or engage in remittance business for middle-class families, but this is enough because there is still a lot of private hot money, and with the development of private commerce, the remittance business will also have considerable development. This alone will make Industrial Bank’s annual profit huge.
Whether it is profitable or not is the second key, which is to serve the industrial and commercial development. After the establishment of Industrial Bank, businessmen no longer need to take risks with large piles of silver dollars to purchase. They can just deposit the money in the bank, take the checkbook provided by the bank, and write a check for whatever they want to buy. It is convenient and safe for sellers to get the check and withdraw the money at a local bank branch. It is also convenient and safe.
The Industrial Bank will hire professional security forces, which are similar in nature to a security bureau. They can not only escort money themselves, but also undertake the escort business of valuables. This is also a convenience for the people. I believe that once the Industrial Bank sets up a commercial development, it will reach a higher level. /b1 3kanwang/bhaige