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Chapter 1001 Xuzhou

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    Here, the grandfather and grandson are still on the road, but something happened to Jiangnan Bank over there

    ??~~

    Xuzhou City, on the banks of the Grand Canal, is located at the throat of the north and south of the Ming Dynasty. It is both the "key to the north" and the "gateway to the south". It has been a battleground for military strategists since ancient times.

    This thousand-year-old city is said to be the earliest capital of the Yellow Emperor and has always been one of the important cities in China.  In this dynasty, the Grand Canal flowed through this thoroughfare for several provinces, so the Ministry of Household Affairs also set up granaries here and set up a special department for management.  This brought another wave of prosperity to Xuzhou.

    On the canal, there is an endless stream of ships going north and south. Hundreds of large and small ships park at the canal pier outside the south gate every day.  North-South business travel goods transited the border and were transshipped to the inland, which naturally brought about prosperous commerce.

    Although the density of the buildings, the prosperity of the shops, the abundance of goods, and the number of ships on Nanmen Street are not as good as those of Huai'an and Yangzhou, it is still one of the most prosperous places in Jiangbei.

    Therefore, various banks have set up branches here. On the entire Nanmen Street, there are more than two dozen banks and pawnshops, large and small.

    Among them are the former leader Huizhou¡¯s ¡®Wanyuanhao¡¯, the invincible ¡®Hengtongji¡¯ on the canal, the time-honored Shanxi ¡®Xinlong¡¯, and the royal-backed ¡®Tianhuidang¡¯.

    But now the most beautiful kid on the street is not the old four kings, but the supernova like a little sun - Jiangnan Bank!

    Jiangnan Bank, which was transformed from the humble Wuji Bank, has launched three major profit-sharing measures since its opening last year -

    ? 1. Depositing with them is free!

    2. Time deposits pay interest. The longer the deposit period, the higher the interest!

    3. The handling fee for long-distance exchange is only 5%, which is only one-tenth of the industry standard!

    ????????????????????????????????????????????????????????????????????????? Without any effort to publicize it, businessmen who came to deposit deposits and open accounts crossed the threshold of Jiangnan Bank Xuzhou Branch.

    Although Jiangnan Bank never announces the total number of deposits, its peers know the hard way that they have been completely defeated

    Because in just half a year, except for Hengtongji and Wanyuanhao, the total deposits of all banks have dropped by two-thirds.  The exchange business, which is regarded as life, has also shrunk to only one-third.

    If things don¡¯t change by the end of the year, many banks and pawn shops will have to close down.

    ??~~

    Even without the enforcement of the government and the blessing of a whip, the silver certificates issued by Jiangnan Bank were circulated in Xuzhou City in just six months.

    This thing really works!  Not only is it as portable as a meeting ticket, but it also supports small-amount transactions.  Another very important point is that the parties to the transaction do not need to go to the bank to transfer the ownership, but can directly count the money at the dock or store, and then the money and goods will be settled.

    The party who receives the silver certificate can go to the Jiangnan Bank branch on Nanmen Street at any time and exchange it for real silver, which is worth a penny!

    At first, businessmen insisted on going to banks regularly to exchange silver certificates for silver.

    But silver coupons are so convenient.  And although it is free to exchange silver certificates into silver, there is a 50% fire fee to exchange silver into silver certificates.  Therefore, driven by the dual drive of inertia and cost, more and more businessmen choose to keep silver certificates in their hands.

    This has greatly alleviated people's concerns about silver coupons Nowadays, in the Xuzhou market, not only large-scale transactions, but also daily consumption, there are a lot of signs of using silver coupons.

    The young people could only contact the small silver coupons. Seeing the owner of the owner, they did not go to the silver when they received a big ticket, and naturally they were even too lazy to change it.

    As a result, more and more silver coupons are circulating on the market, which prompts more people to start using silver coupons.  The ¡®virtuous circle and upward spiral¡¯ that Mr. Zhao had expected was realized!

    But other banks saw it and were anxious in their hearts.  They are all people who have lived in banks all their lives. Who doesn¡¯t know what it will mean to the entire industry if Jiangnan Group¡¯s silver certificates become a recognized currency?

    That means they can only use their own real money to exchange for the paper printed by others!

    It¡¯s not enough if you don¡¯t change. If you don¡¯t change, you can only wait to die

    This evil effect has already spread in their Jiangnan semicolon.  Fortunately, without the endorsement of the Jiangbei government, the credibility of the silver certificates in Xuzhou was still in doubt.  But if decisive action is not taken, it will only be a matter of time before the tragedy of those semicolons in Jiangnan happens here.

    Of course, they can also follow up and issue their own bearer banknotes, which is also a way to survive.

    But it¡¯s not that they don¡¯t want to follow up, but does this mean they can keep up with it?

    They all know that this kind of failure to remember"

    "Yes, yes, we are stupid, so we ask the shopkeeper to teach us." Everyone was busy and humbly accepted the teaching.

    Song Xiaoming nodded. He had been waiting for this moment for a long time and no longer cared about selling out.  He said directly:

    "Fundamentally, Jiangnan Bank is completely different from our bank. We open a bank to make money, so we must control expenses and ensure profits. Otherwise, what business would we be doing?"

    "Of course." Everyone said matter-of-factly: "Who opens a bank if not to make money?"

    "That Mr. Zhao opened Jiangnan Bank not to make money." Shopkeeper Song said in surprise: "But to raise money!"

    "Raising money?" The bosses were confused for a while, this was somewhat beyond their understanding.

    "That's right. In fact, Jiangnan Bank is just a tool to absorb funds for his Jiangnan Group!" Song Xiaoming said firmly: "Their stall is so big, it is all supported by the deposits of Jiangnan Bank! This is why they have to pay deposits  The interest rate and exchange fees are almost eliminated, all of which are designed to deceive people into depositing their money!¡±

    "But what happens after people deposit their money in Jiangnan Bank? It will be used for other purposes in the blink of an eye!" Shopkeeper Song glanced at everyone and said slyly: "Now you understand why I said they are paper tigers, right?!  "

    ps. The third update is also a major change. It¡¯s just finished at this point, but at least it¡¯s finished.  I have a day off on Saturday and will write again on Sunday.  (Remember the website address: www.hlnovel.com
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