Chapter 28 Correspondent Banks
"Although the East India Company has announced its bankruptcy, it is still in the liquidation stage." Wu Bingjian said slowly: "The Guangzhou Finance Committee said that the East India Company Agency Agency has no longer engaged in specific trade activities, but is still lending to British merchants.
The trade income of British and American merchants in Guangzhou, including the proceeds from the sale of **, is all in the bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's bank's
"The Guangzhou Financial Committee is actually a commercial bank." Yi Zhizu followed the verb and said: "Pinghu Gong is worried that British merchants will not place the bank opened by the Thirteenth Bank. My younger generation thinks that it is a rare opportunity to replace it. The East India Company will sooner or later withdraw from Guangzhou.
To take a step back, even if the East India Company agent bank will not withdraw from Guangzhou for a short time, it doesn’t matter. The allocation between the two banks is much more convenient than the transaction of cash banks.”
This is indeed much more convenient. Wu Bingjian pondered for a moment before asking, "It's just for the convenience of transactions?"
Wu Changqing walked in at this time, but his hands were empty. Wu Family Garden had a large number of clocks and naturally there were also watchmakers who specialized in repairing and maintaining clocks. He had already ordered the watchmaker to dismantle a small clock and bring tools with him. He was sincere in seeing whether Yi Jingzu was bragging.
Yi Zhizu glanced at him and said, "Of course it's not just for the convenience of transactions." After a moment of saliva, he said slowly: "The benefits of banks are hard to describe. I will briefly talk about the benefits of opening a bank in the Thirteenth Bank.
The Thirteen Banks monopolize foreign trade and have unique advantages in starting a commercial bank. Whether it is foreign suppliers, foreign merchants in Guangzhou, or American merchants, if they want to deal with the Thirteen Banks, they will follow the rules of the Thirteen Banks and store the current bank in the Thirteen Banks. This is not only conducive to foreign trade transactions, but also conducive to the turnover of the Thirteen Banks' commercial bank.
Secondly, the Thirteenth Bank has a very high reputation in Xiguan and Guangzhou. Once a bank is opened, it can absorb a large amount of idle silver from the hands of officials, gentry, merchants and ordinary people in Guangzhou City and surrounding areas.
Low interest rates to absorb deposits, high interest rates to lend money, making money is secondary, mainly to support trade and handicraft workshops. If Thirteen Banks have banks, a number of small banks will not be exploited by British and American businessmen, and handicraft workshops in Xiguan and Guangzhou can also be continuously expanded.
Furthermore, once Guangzhou loses its position of trading, the Thirteenth Bank merchants have to go to other ports to trade. The Thirteenth Bank opens a bank, which is conducive to the many merchants going to other ports to trade. There is no need to mention this, the East India Company Agency Bank is an example.
Also, there are money houses and ticket numbers in the Qing Dynasty, but there is no bank with strong financial resources..."
Speaking of this, he paused a little and emphasized: "A bank with strong funds can fully control domestic and international exchange business and become the center of commercial bills for domestic and foreign trade issuance.
What is particularly important is that banks with strong capital support can mint silver dollars or issue bank notes on their own, and can easily manipulate domestic and foreign trade, and even control the entire Qing Dynasty's economic lifeline. To that point, it is not that we rely on the court, but that it is completely the opposite. The court has to look at our faces!
Another advantage is that the opening of a bank in the Thirteen Bank can increase the cohesion of the Thirteen Banks and the merchants. Even if the Thirteen Banks are disbanded in the future, the merchants will be scattered in various trading ports. As long as the bank is present, the merchants in Guangzhou will not become a mess."
Wu Bingjian looked at him in a daze, unable to speak for a long time, controlling the economic lifeline of the Qing Dynasty, allowing the court to see the faces of the Thirteen-League merchants! This kid really dares to think and really dares to say!
After a while, Wu Changqing's weak voice sounded, "How strong is the bank capital to let the court see our faces?"
Yi Zhizu smiled and took a sip of tea before saying, "The Qing Dynasty had a wealthy family, and at least one or two hundred million to play a threat."
One or two hundred million yuan in cash! Wu Changqing was shocked when he heard it. Although the Wu family was rich enough to rival a country, the family's property had tens of millions of silver dollars, it included real estate, land, shops and goods, etc. The real cash was probably only a few million taels.
After a while of silence, Wu Bingjian said, "How could the court sit and watch the bank endanger its own safety?"
"The great heavenly dynasty is full of purple. If we talk about moral articles, we are not opponents, but if we talk about financial and economics, they are not worthy of carrying shoes for us!" Yi Zhizu said in disdain: "When the bank turns its hands and turns its hands and turns its hands and rain, I am afraid that the court will not understand what the problem is."
The little guy was very arrogant. Wu Bingjian glanced at him but didn't say anything. The bank actually combined the bank with the bill number into one. The principal required to open a bank is naturally not comparable to that of an ordinary bank with the bill number. Moreover, the Thirteenth Bank opened a bank and the money stored and handed over during the peak season of the sea trade will definitely cost tens of millions. In case something happened, all the Wu family's belongings would be compensated.
He has been in charge of the Thirteenth Company for decades and has been dealing with the imperial court and local officials for most of his life. He knows the risks. The Thirteenth Company is not the East India Company. If the Thirteenth Company wants to open a bank, both the imperial court and the local officials will try every means to get it. He has seen too many officials who are ugly!
Seeing that Wu Bingjian didn't say anything for a long time, Yi Jing knew that this matter was a bit unrest. Today, his main purpose was to suggest that the Thirteenth Bank open a bank. The topics of wars in the East India Company, Assam Tea, and Qingying were all for the purpose of opening a bank.
The reason why he was anxious to propose that the Thirteen Banks open a bank was because he knew clearly that after the Raven War, the five ports opened trades, and the Thirteen Banks and the Thirteen Banks scattered and scattered. European countries rushed to the Qing Dynasty to open a bank. If they didn't take a step forward, it would be several times more difficult to open up the situation in the future.
More importantly, the wealthiest people in the Thirteenth House are truly rich enough to rival the country. The Wu family, Pan family and Lu family are estimated to be close to 100 million oceans. In addition, the Thirteenth House has supply channels and sales channels throughout the southeast and southwest provinces, as well as complex personal connections scattered everywhere.
Chapter completed!