However, Luo Ningxin shook her head: "Don't think about everything too simply. Every city has its own business model and territory. There are also many chambers of commerce doing business. Others are not allowed at all."
The Chamber of Commerce and merchants intervened.”
"If other people want to get involved, they have to go through layers of review and everyone must agree, not even the court. If we use the power of the court and officials to suppress and suppress, it will only be counterproductive and make those merchants
The chamber of commerce and the people are extremely disgusted."
Fang Chen understands this. All business models are like a big cake. They are basically fixed. If you want to get a piece of the cake, many people will definitely come around to stop you.
Therefore, it is very difficult to attack the Chamber of Commerce in an area.
Previously, Fang Chen set up factories in the Imperial Capital, which was no problem because the Imperial Capital was originally His Majesty's territory, and the locations where he set up factories were all in remote places.
More importantly, what Fang Chen manufactured was something that was not available on the market, and it was not competitive with other merchants and chambers of commerce, so no one objected.
If what Fang Chen creates creates some kind of competition with others and harms the interests of others, then someone will quickly jump out and think of ways to deal with Fang Chen.
"Your Majesty, please listen to what I have to say. I have a plan that is absolutely feasible!"
Fang Chen and Luo Ningxin chatted for a long time, and he wanted to open a bank in the name of the imperial court.
This money is used as a deposit, not only does it not require protection fees, but it also gives interest to the customer.
Fang Chen had mentioned this plan before.
In ancient times, those merchants deposited their money in banks, and the banks charged high storage fees. They were responsible for the money of these merchants.
In this way, it is impossible for ordinary people to deposit money in banks. They do not have that much money. Secondly, they cannot pay such high protection fees.
Now, the model implemented by Fang Chen is a modern banking model. All ordinary people and merchants can deposit and withdraw money at any time, and everyone is guaranteed to receive interest.
The money banks opened by the imperial court will never go bankrupt. As long as you hold the banknote, you can withdraw and deposit money from any bank opened by the imperial court.
After Luo Ningxin heard Fang Chen's suggestion, she said: "You mentioned it before, and I have thought about it, but if this happens, the daily interest payment alone will be a very huge amount!"
"Over time, the more people save money, the more interest will accrue. How can the bank survive?"
Fang Chen smiled confidently: "We can use the money for investment! We can invest in large areas and do various businesses, and we can provide loans to merchants and business people."
"Of course, these are all things for later. The first step we have to do now is to open a bank belonging to the imperial court."
Fang Chen drew up a plan with all the business models and gave it to Luo Ningxin for review.
A bank's biggest profit comes from the interest rate spread between deposits and loans, which is the income after loan interest income minus deposit interest expenses.
In addition, banks provide intermediary services, such as fund sales, government bonds, corporate bonds, insurance, etc.
After the bank grows bigger, semicolons can be opened in every city across the country and handed over to local officials to assist in management.
Then, slowly annex other chambers of commerce, and finally achieve the unification of all banknotes!
Even, as long as you have enough funds, you can open a bank abroad!
Fang Chen just put forward the simple things he knew. In short, opening a bank would be beneficial without any harm.
It will be of great benefit to all people at that time.
Private banks may go bankrupt or have other problems due to some reasons, but banks opened by the imperial government will not have any problems unless the country perishes.
Luo Ningxin was shocked after seeing the detailed plan!
"Fang Chen, you can think of such a method, it's really great."
"In that case, do it immediately. Now a bank is opened in the imperial capital, named Dayan Bank, which represents our Dayan Dynasty!"
Fang Chen takes the order!
However, Fang Chen needs the full assistance of officials from the Ministry of Household Affairs.
Because people in the Ministry of Revenue deal with money all year round and manage the country's finances, at this time, they all come into use.
But now that the Ministry of Household Affairs is under His Majesty's control, everything will fall into place.
So, the next day at court, Luo Ningxin began to discuss with the ministers the matter of building a bank for the court.
The Ministry of Household Affairs was the first to agree, and the Ministry of Industry also agreed.
Next, one official after another expressed their approval, and no one objected.
In fact, many people think this is inappropriate. Since ancient times, there has been no precedent for the imperial court to open a bank!
However, this matter was brought up by Fang Chen, and no one in the government can afford to provoke Fang Chen due to his status and reputation!
Fang Chen supervised hundreds of officials and had already killed Zhang Yu, the Minister of Household Affairs, and Du Hongan, the palace commander!
Now, everyone is in danger!
Furthermore, Fang Chen’s ability is obvious to everyone. He has never failed in anything he has done before!
Therefore, His Majesty has agreed to this matter, and no one wants to offend Fang Chen.
Now Luo Ningxin has taken control of the imperial court, and this is all due to Fang Chen.
Therefore, Luo Ning made an imperial decree and spread the news, letting the entire imperial capital and the people of the world know that the imperial court was going to establish a bank!
All ordinary people can save money!
This matter spread from one person to another, and in just a few days, it had spread throughout the imperial capital and all major cities.
Some of the big banks and chambers of commerce in the Great Yan Dynasty were panicking.
All this time, the imperial court has never established a bank or merchant association and has not intervened in the affairs of the business world.
But now, the imperial court is meddling in these matters and competing with merchants for business!
Smart people all know that Fang Chen must have done this to fight against the Bai Family Chamber of Commerce!
However, many people in the chamber of commerce scoffed at the news.
They believe that such a model will cause big troubles before long, even if there is money from the national treasury to support it, it will be useless!
As long as there are many merchants and many people depositing large sums of money, the daily interest alone will be a terrifying figure!
Some big banks have also considered this situation. They also want to absorb a large amount of deposits and give interest to each other. However, this model will suffer huge losses within a short time, so no one dares to take risks.
But now, the imperial court is taking risks and doing this!
Marquis Palace.
Recently, Bai Yongliang has been living in the Imperial Capital, leaving all matters concerning the Chamber of Commerce to his son Bai Xiaofeng.
Bai Yongliang was very surprised when he got the job of running a bank from the imperial court.
Li Fuda next to him said: "Second Master, in this matter, Fang Chen must be targeting the Tongtian Chamber of Commerce. It's time for us to take action to nip Fang Chen's plan in the bud."
Bai Yongliang took a sip of tea and said: "On the surface, the deposit model that gives merchants interest is asking for trouble. Everyone who has done this before has failed."
"But Fang Chen still chooses to do this. What kind of medicine is he selling in his gourd?"