Royal Gold Magistrate

Fangzheng secretly smiled inwardly.

Hehe, no man can resist such a temptation!

"I gave this watch a brand name." Fang Zhengyi didn't answer directly.

"What name?" Emperor Jing asked curiously.

"Labour, Labor Watch."

"Labour... what kind of strange name is this?" Emperor Jing murmured, seemingly puzzled.

Fangzheng pointed at his watch, and said happily, "All the people and officials in my city like to work, go to work on time, leave the field on time, and work overtime on time. One day in the future, they will be able to wear this watch, so they will be even more punctual!"

"As long as you keep on time, the life of the people in Dajing will be better and better, so it is named labor watch."

"That's a good point, but I think it's more elegant to call it a Rolex." Emperor Jing deeply felt the same way: "But pocket watches are expensive, so watches are more expensive now, right?"

Rolex?Is that what you mean?

Fangzheng almost laughed out loud, the father-in-law's brain circuit really couldn't be fixed by him.

After quickly clearing his mind, Fang Zheng said, "That's true. The price of this gold watch in His Majesty's hand is immeasurable. Every part in the watch has spent countless hours of polishing and design by top craftsmen."

"But although the watch is fine, it is not impossible to mass-produce watches without manual work."

"Look at the appearance, the dial, the hands on it, and the internal parts can be produced quickly."

"How can such fine things be produced quickly?" Emperor Jing asked.

"Actually, putting aside the luxurious decoration, the biggest cost of watches now is labor, as far as the function of time is concerned. Most of the parts can be pressed out of iron plates with molds, and finally assembled together. We have steam engines, Through modification, parts can be produced in large quantities, and watches can be manufactured quickly, thereby achieving a sharp drop in cost." Fang Zhengyi talked eloquently.

"Just now, I also said that the factories in the future will introduce steam engines to improve their production methods. Now, a very small number of iron-making and mining factories are using them, and most of them still use backward production methods, and this very small part is also from North Korea. The property of the great family."

"If it is an ordinary rich businessman. Take those who built the factory as an example. The minister has investigated that the construction of the factory has already hurt his muscles and bones. If he wants to buy steam engine equipment in the future, I'm afraid it will be completed without waiting for production. Bankruptcy, you must know that our steam engine does not count as the cost of renovation and maintenance, and the cost of each one is already sky-high."

"In this way, there will be two evil results. One is that the stronger the stronger, they have the strongest production capacity, and there may be hidden dangers in the future. The second is that no matter how strong the people are, it is impossible to produce all the people's needs. Commodities, private merchants are unable to adopt steam engine equipment, and the production capacity that the original scene should have cannot be brought into play.”

Emperor Jing frowned deeply: "That's true, but what do you want to say after going around such a big circle?"

Fangzheng said seriously: "I want to say that the imperial court urgently needs to help rich businessmen who build factories, attract more common people into the game, and compete with big families in the market."

"The wisdom of the people is endless. There must be many outstanding talents who are trapped in the current situation and cannot develop due to conditions. If we can help them solve the plight of lack of money, it will definitely be of great benefit to the country."

"For this reason, I thought of a way. That is to open a bank, a new type of bank. Perhaps it is more appropriate to call it a bank."

"A bank? What's the difference between it and a bank?" Emperor Jing was puzzled. "What you said is nothing more than a loan. Now the bank can also borrow money. Those merchants who are short of money you mentioned can go to the bank to borrow money." , and the imperial court can also borrow money, it is unnecessary to set up a bank now."

"No." Fang Zheng said together, "Your Majesty, the current money houses are all established by individuals or big families, and the rules of each family are different. Not to mention the high interest rates and extremely difficult borrowing, it is impossible for most people who are not acquainted with them to lend money. "

"Not to mention the imperial court, the process is complicated, and it also involves things such as favors and bribery relationships. It is difficult to supervise, and some old habits have a bad influence."

"The strength of the bank itself is far from enough. The bank we want to establish will use gold and silver as guarantees, and print as many silver bills as there are gold and silver, so as to attract people to store silver on a large scale, and then lend the silver money to borrowers on a large scale."

"In addition, in my vision, the bank should also provide some unique services, such as cooperating with merchants and using their business as a wealth management product, and the people will return them regular fixed interest after paying for the purchase. For example, it can also Provide some insurance services..."

"I heard that some people in the south went to the sea to do business. They once formed a force called the Maritime Chamber of Commerce. The risks and costs of going to sea were huge. The original intention of the Maritime Chamber of Commerce was to raise funds to spread the risk. However, this model seems to have not yet appeared near Gyeonggi. We just happened to can fill that void.”

It's a loan, it's a financial product, it's an insurance...

Emperor Jing was a little worried: "This... can this be done? If one step is wrong, it is related to the people, and there will be big troubles in the future?"

Fang Zhengyi smiled slightly: "Actually, I already have some experience in doing these things. I have already experimented on a small scale in Taoyuan County. The current situation is just the time for the bank to come out."

"However, there may still be problems in large-scale implementation. Therefore, today I am not here to advise the imperial court to establish a bank, but to let His Majesty take a stake. Now that the private sector establishes a bank, if the trial is successful, the imperial court will take over."

"I wonder if His Majesty would like to take out 1000 million taels from internal funds to take half of the shares? I guarantee that even if you lose, you won't lose too much. If you make money, it will be blood money! Earn it lying down!" Fang Zhengyi said confidently.

Dajing has no formal banking business, and now capital is beginning to develop.

The booster of the stock market has succeeded.

If the banks can push forward again, there is no doubt that the growth of the private economy will be accelerated again.

Moreover, overseas trade has been going on smoothly, and the gold and silver trade will not last long. Sooner or later, there will be a demand for foreign exchange in the future, which is another capability that the bank does not have.

The development of Qianzhuang can no longer satisfy the current era, and it is a good time to take advantage of the trend.

If it were to be handed over to the imperial court for discussion, I don’t know how many years it took to get this done. The quickest solution is to pull the emperor to do it first!

Emperor Jing was silent after listening.

1000 million taels... My liver hurts just thinking about it, isn't it killing me!

He just made some money in stocks, but when he came here, the lion opened his mouth. If it was a few million taels, he would be unambiguous.

"How sure... are you?"

......