After listening to Wang Fan's story quietly, Zhu Yicheng did not give an answer immediately. He just asked some other questions and let the two leave.

After Liao Huanzhi and Wang Fan left, Zhu Yicheng thought for a while and stood up.

The power of capital is powerful, so powerful that Zhu Yicheng, who released this monster, did not expect it to come so quickly. Wang Fan's clear statement to the Ministry of Revenue is indeed a fact. Zhu Yicheng also knew that with Guangdong's acquisition, the expenditure of the Ming Dynasty has increased sharply, and many places need funds, but overall, the total expenditure has not exceeded revenue. More importantly, the financial operation is relatively good.

But Wang Fan is not wrong. Judging from the current operation method of the Ministry of Revenue, there are many disadvantages. The most important thing is the time difference between actual revenue and expenditure. If this problem cannot be solved, it will lead to delays in funding, which will affect a series of layouts.

Wang Fan proposed a solution to this problem, and his plan was somewhat beyond Zhu Yicheng's expectations. There are two plans in total. The first plan is to replace the local vassal treasury and customs of the court to reduce operating time. As for the second plan, it is also to borrow money from the bank through the bank, using the Ministry of Revenue as a guarantee, and then give the bank certain convenience or benefits.

To be honest, these two plans are both basic capital operations. It is not surprising that Wang Fan, who is already a businessman, can come up with these things, but Wang Fan only saw a little bit of it, but did not see the overall situation. This is also the reason why Zhu Yicheng did not agree directly.

This method of replacing banks with vassal treasury for revenue and expenditure was not uncommon in later generations, but often appeared in the late Qing Dynasty. Among them, the most famous one was the red-topped businessman Hu Xueyan. Hu Xueyan first passed through Zhejiang Governor Wang Youling, and then climbed to the governor of Fujian and Zhejiang Zuo Zongtang, and used his relationship to make his Fukang Money House monopolize local grain and equipment, military pay, comprehensive grain transportation, etc., and even controlled most of the tax operations.

At its most glorious time, Fukang Money House almost completely replaced the Zhejiang vassal treasury and became Zuo Zongtang's money bag, and helped Zuo Zongtang borrow a large amount of funds from Western countries with taxes and customs as collateral, thus allowing Zuo Zongtang to build his Changjie Army with this money...

On the surface, this is a two-way profit, but in fact it is equivalent to using the court's financial power as a private use, which makes Hu Xueyan make a fortune in it, making him become the "richest man" at that time in a short period of time.

As for borrowing from banks, this is also a common thing in Western countries. European countries, which are based on business, manipulate and even control a country's finances. Although it can alleviate national fiscal problems under certain circumstances, the consequences are also extremely serious.

Unlike Western countries, China has always been a centralized country, and all these rights belong to the central government. Historically, only in the Spring and Autumn Period and the Warring States Period did the wealthy merchants and merchants have similar privileges, but this situation has never happened again afterwards.

Zhu Yicheng supported commerce and built the Royal Bank to exercise the power of the central bank. His purpose was to make the Ming Dynasty change its previous national policy and begin to transform into capitalism. However, this transformation was not disorderly, nor was it random. Zhu Yicheng was not an ordinary person. He knew very well how powerful the power of capital would be. Once this opening was released, the court would completely lose control of finance. Once the control of finance was lost, local control would inevitably be weakened, and a large number of forces dependent on capital would also rise. These uncertain results would also lead to unstable factor products.

By then, will the Ming Dynasty still be the Ming Dynasty he imagined? This is absolutely not allowed by Zhu Yicheng. What he wants is gradual reform rather than blindly changing. Zhu Yicheng suddenly became deeply prepared for this change that he could not grasp.

The reason why Wang Fan proposed this plan cannot be said that Wang Fan had selfish intentions. First, Wang Fan was a businessman, and the issues considered by merchants were different from those of politicians. Merchants only valued interests more. Second, the current operation of the Ministry of Revenue is one of the reasons that forced Wang Fan to make such a choice, but Wang Fan was not clear that although Zhu Yicheng was relatively open to business and vigorously supported the emergence of capital, he had his own bottom line, and he could not give in to what he could do and what he could not do.

The establishment of the Royal Bank was in the form of a central bank from the beginning, but in fact, the Royal Bank is far from reaching the power and ability of a real central bank. After all, the establishment time was too short, and now the Royal Bank, which only has the right to issue and exchange rights, is far from being able to make a real banking presence.

If Zhu Yicheng would not be so worried after a few years or more than ten years, after the Royal Bank continued to improve, but it would definitely not work at the moment.

After thinking for a long time, Zhu Yicheng rejected Wang Fan's suggestion and must not make such a hole. But the current situation must be resolved as soon as possible. After thinking about it, Zhu Yicheng came up with a final plan, which is to use the Royal Bank to borrow from the Ministry of Revenue, and then use the Ministry of Revenue to endorse the Royal Bank, guarantee its capital, and issue bonds to various banks and bank accounts.

To put it bluntly, this is a type of government bonds. Bonds are issued in the name of the country and then subscribed and promoted in the form of a bank, so that they can raise a large amount of funds in a short period of time to meet the national financial needs.

The benefits of doing this are obvious. On the one hand, it can prevent the national finance from being fully controlled by capital, so that a buffer is formed in capital and finance, and at the same time, it uses the power of capital to obtain fund support. Secondly, the creditworthiness of this kind of bond is extremely high because it represents the endorsement and commitment of the country. As long as the Ming Dynasty exists, the interests of the bonds can be guaranteed. In addition, bonds are profitable, and the profit is not low. Take bonds with a denomination of 100 yuan as an example. The actual underwriting ratio is 90% to 95%, that is, 100 yuan is underwriting from 90 to 95 yuan, and then a certain annual interest is given for three months, six months, one year, etc. After the bond matures, the Royal Bank can cash out according to the amount, proportion and other conditions of the bonds, which can be sufficient to guarantee all interests.

After taking out this plan, Zhu Yicheng invited Wang Fan to discuss it. Wang Fan was stunned for a long time after hearing the plan, and then suddenly realized. Compared with his previous plan, issuing bonds can indeed solve the current difficulties of the Ministry of Revenue, and more importantly, it can ensure national fiscal control.

Wang Fan had no objection to this and immediately stated that the Ministry of Revenue fully supported the issuance of bonds. After the Ministry of Revenue improved the preliminary plan, the issuance of Ming bonds was also spread through various channels. Ningbo Commercial Bank received an enthusiastic response at the first time. After all, Ningbo Commercial Bank started his business with Zhu Yicheng. It can be said that the Ming Dynasty is not as good as the Ningbo Commercial Bank that is currently at the top of the business world.
Chapter completed!