Bankruptcy system! "
"So we don't have to pay back the money?"
Businessmen were well-informed. The bankruptcy system of the Village Mo Bank had been spread all over the city of Chang 'an shortly after the end of the imperial court.
The businessmen in Chang 'an were in an uproar and couldn't believe it. Although no one was willing to go bankrupt, no one could guarantee that they would prosper forever. The bankruptcy system of the Village of Mo's Village was simply to preserve the last trace of dignity for businessmen. Only existing assets were liquidated, wives and children were not affected, and a certain living guarantee would be left. This was simply unimaginable in the past.
For a long time, the businessmen in Chang 'an would not choose to borrow money unless they were driven to a dead end. It was not because they were not short of money, but because the cost of borrowing money was too high.
However, the low interest rate and bankruptcy system of the Village Mo Bank made them let down their guard. Suddenly, the hungry financial market in Chang 'an was opened. The big businessmen rushed to the Village Mo Bank to ask for a loan with the deeds of their houses and farms.
Everyone knew that it was the best time to get a loan. The Village Mo Bank had to lend out half of the money to keep the balance of payments.
"Two hundred thousand strings of cash! In only one day, the businessmen in Chang 'an have borrowed two hundred thousand strings of cash! "
In the Mo Mansion, Shen Hongcai was no longer worried about the high interest of the Village Mo Bank. Finally, he didn't have to worry about the high interest of the Village Mo Bank.
The short experience of being a bank manager was even more wonderful than his life experience in the Imperial College. The ownership of such a large amount of money was even more fascinating than being in power.
"Brother Shen, you can't borrow all the money. The Village Mo Bank still needs a lot of money to operate." Xu Jie reminded him.
"Of course!" Shen Hongcai said proudly, "According to my calculation, the bank only needs to prepare 12% of the deposit as reserves to deal with the risk. But for the sake of safety, I decide to reserve at least 20% of the deposit of the Village Mo Bank."
"The bank has just been set up, so it's better to be conservative. But don't count the profit of the Village Mo Bank. If necessary, the Village Mo Bank will try its best to help the bank." Meton nodded. If the reserve was too high, the bank would not make money, or even lose money. But if the reserve was too low, the bank would not be able to get back the loan once it faced a large-scale bank run. It was too risky. Although 20% of the reserve was a little conservative, it still left 30% of the profit of the Village Mo Bank.
"Thirty percent profit!" Xu Jie couldn't help sighing in his heart. According to the current deposit of 800,000 strings of coins in the bank of the Village Mo's Village, the annual profit of the bank of the Village Mo's Village was nearly 15,000 strings of coins. It was so easy to make money.
Shen Hongcai couldn't help but feel proud. This was still not the limit of the bank. Once the scale of deposits increased substantially, the bank's profits would definitely increase further. Of course, the bank was not without risks. If someone went back on their word or went bankrupt, the bank would definitely suffer heavy losses.
"At this rate, it won't be long before the bank's loan quota is used up. Now that the banks in Chen Cang and Zhengzhou have been completed, if they can continue to take in deposits, the banks will definitely improve." Shen Hongcai suggested after thinking for a while. Chang 'an was now in desperate need of money. Only by using funds from other places could Chang' an be satisfied.
Meton nodded and said, "Of course. In the future, as long as the bank is opened, it will start the deposit business immediately. As for the loan business, it needs to be done step by step. The priority is to satisfy the needs of Chang 'an, then the Village Mo's Village, and then Luoyang …"
Of course, Meton placed the Village Mo's Village before Luoyang for selfish reasons. In terms of the scale of the loan market, Luoyang was much larger than that of the Village Mo's Village. However, the Village Mo's Village was under the control of the Mo's Family, so the loan was naturally the safest. Secondly, most of the industrial workshops in the Village Mo's Village were the foundation of the Mo's Family, while most of the people in Luoyang were traveling merchants. In contrast, Meton naturally put the development of the Mo's Family first.
"By the way, the foundation of the Mo's Family is industry. When the bank issues loans, it can give priority to the artisan workshops. Even if the mortgage is not enough, the conditions can be relaxed appropriately." Meton instructed.
"But in this way, the bank's risk will increase a lot!" Shen Hongcai frowned and said.
In this era, the richest people were the businessmen. Their capital was the strongest, and the value of the mortgage was also the highest. However, the investment in the industry was relatively large, and it took up a lot of money. Usually, they could not take out any valuable mortgage. If the mortgage was lost, the bank's loss would be huge.
"Scholars, farmers, industrial and commercial workers. The foundation of the Mo's Family is industry. Only when the industry is strong, the Mo's Family can revive. Supporting the industry is the Mo's Family's long-standing philosophy. Even if the bank does not make money, it will not matter. At least 30% of the loan funds must be reserved for the workshops." Meton said without hesitation.
"Okay then!" Shen Hongcai said helplessly. After all, Meton was the boss. However, although the loan to the workshops was a little risky, as long as the control was strict, there should be no problem. After all, even if the loan was to the workshops, there would still be interest.
"The Mo's Family will support the artisan workshops!"
"Not only the approval conditions are relaxed, but there are also low-interest loans."
As soon as the news came out, the industrial corridor from the south of Chang 'an City to the Mo's Family Village and the southwest industrial zone were immediately stirred up. Compared with the businessmen who bought high and sold low, as long as the goods were safe, there was not much risk. However, the investment of the workshops was extremely huge, and it required more money. Not only that, once the ink technique of the Mo's Family was introduced, it immediately accelerated the replacement of the workshops, and the risk of the workshops was doubled.
Once the workshop could not keep up with the times, a large number of goods would be hoarded in the hands, and the capital chain would be broken. Only death awaited was the road, and the low-interest loans from the banks were like rain after a long drought.
"The Lin's Family Carriage and Horse Company only used a piece of land, but they actually got a loan of 5,000 strings of coins from the bank!" Soon, a surprising news came from Chang 'an City.
"Isn't the Lin's Family Carriage and the Mo's Family Carriage and Horse Company competitors? How could they get a loan? "Someone said in surprise.
When the four-wheeled carriages of the Mo's Family first came out, the Lin's Family Carriage and Horse Company imitated the four-wheeled carriages of the Mo's Family and made a lot of money. Unfortunately, with the improvement of the second-generation carriages of the Mo's Family and the fierce competition of the four-wheeled carriages, the Lin's Family Carriage and Horse Company soon declined.
"After all, the Mo's Family Village and the Lin's Family Village are both descendants of craftsmen. After the Lin's Family Carriage and Horse Company got the loan, they ordered 3,000 strings of coins of coins from the Mo's Family Village. With this batch of glass, the Lin's Family Carriage and Horse Company will definitely be revitalized. "A well-informed businessman enviously said.
"It's also rumored that any workshop that uses the ink technique of the Mo's Family can enjoy a low-interest loan. I heard that the lowest annual interest is only 3%? The Liujia Village uses the Mo's Family Red Brick Secret Technique and wants to expand the brick kiln. The Mo's Family Village directly loans 500 strings of coins of coins with an annual interest of 3%. " A citizen clicked his tongue. The Mo's Family Village could not make any profit at all with an annual interest of 3%, and they even had to bear the risk of the lender going bankrupt.
"Mo Jiazi is really willing to do anything to revive the Mo's Family." A Confucian scholar said resentfully. Anyone with a discerning eye knew that the Mo's Family Village was doing this to revive the Mo's Family, and they were willing to spend a lot of money.
"This is not a big deal?" An idle man said proudly, "The Gongshu Family and the Mo's Family are recognized rivals, but the young master of the Gongshu Family, Gongshu Hao, is appreciated by Mo Jiazi. He directly loaned 5,000 strings of coins of coins to Gongshu Hao to set up a lock workshop, without any interest."
"Really?" Everyone couldn't believe it. Not even a single cent of interest was something they didn't dare to imagine.
"What's even more unbelievable? According to the rumors of the Mo's Family, as long as you have new technology and are appreciated by Mo Jiazi, Mo Jiazi can directly provide money to help you set up a workshop, and you only need to pay a small share of the workshop. "The idle man said proudly.
"Is there such a good thing?"
"Is there such a free lunch in the world?"
…
Everyone was in disbelief.
"For others, it's impossible, but for Mo Jiazi, nothing is impossible." The idle man said with admiration in his eyes.
Everyone was silent. This was indeed Mo Jiazi's style.
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