Chapter 94 Slap in the face
In the tea market, the morning tea price fell slightly due to the Yuanqi stocks of eight other banks including Taichang Money Banks. As the 13th industry merchants rushed to buy tea, it triggered a large number of follow-ups from speculators. The tea price steadily rose, and exceeded 20 taels per tumble at noon. Tea merchants then gradually increased their tea supply in the market, and the tea market became more and more popular.
Although many tea merchants and speculators knew that the tea price could not return to its original high, the price of 20 taels per dan is still low. Countless speculators flocked to follow up and pushed the tea price up. At 3 o'clock in the afternoon, the tea price had stabilized at 22 taels per dan, and began to sell it cautiously. The radical and bold people were still eating, with frequent transactions and the market was booming.
It was less than four o'clock, and ten other money shops attached to the stock Yuanqi. The news of changing the plaque and listing spread quickly in the tea market, which was like a blow to the hot tea market. As soon as the news of the 13 traders selling tea, the two consecutive sticks made all tea merchants and speculators dizzy. The quick-reacting speculators quickly sold the sellers. The tea market immediately cooled down and the tea prices began to fall.
Liang Jiemin entered the house and after the host and the guests were seated, Yi Zhizu said without any hesitation: "I will not hide it from Chairman Liang. Before coming to the house, there were ten new money shops with shares in Yuanqi, and they changed the plaque and listed them. A number of merchants were also eager to sell their tea."
Liang Jiemin looked at Huang Zichang with a sharp look, but said nothing. Huang Zichang coughed dryly and said a little embarrassedly: "I was also at the entrance of Xirong Lane to hear about this." As he said that, he looked at Yi Zhizu and said: "If the shopkeeper Yi is arbitrarily, don't he worry about Thirteen Xingshu blame?"
Yi Zhizu glanced at him and said in a calm tone: "I am the shopkeeper of Yuanqi. I have always been the ones who do things for Yuanqi, and there is no need to ask anyone for instructions."
Wu Changqing cooperated very much: "Shisanxing never interferes with Yuan Qi's affairs. Shisanxing never spoke out about the decision of Yi Da's shopkeeper."
Liang Jiemin and Huang Zichang were all secretly surprised when they heard this. The Thirteenth Bank invested millions of taels of silver into Yuanqi Bank and never interfered with Yuanqi's affairs. How much does this have to trust Yi Zhishi? How old is this boy? Why did the Thirteenth Bank and a group of old foxes obey him? You must know that Yuanqi Bank has been playing with fire since its opening!
Liang Jiemin's expression immediately became solemn. He always believed that behind Yuan Qi was the Thirteenth Line manipulation, and Yi Zhizuo's big shopkeeper was just a decoration of Thirteenth Line. It's not his fault that he thought so. No one would believe that Thirteenth Line would let a 18 or 19-year-old yellow-haired boy take full control of Yuan Qi Bank with a principal of millions.
After a while of silence, Liang Jiemin spoke, "Since Yuan Qi has disrupted the tea market, what else can we talk about?"
"Yuanqi can easily disrupt the tea market and suppress tea prices, but also restore the tea market and raise the tea prices." Yi Zhizu looked at him and said, "Whether it is disrupting the tea market or raising the tea prices, Yuanqi is profitable. I am sure to suppress the tea prices three times. I don't know if you are interested. The three of us join forces to make a fortune using the tea market. How about it?"
Suppressing three times, pulling three times? Huang Zichang was so excited that he could earn back no matter how much loss he had. However, he saw that Liang Jiemin's face was extremely ugly, so he didn't feel good about it. He immediately looked at his nose and nose, and pricked up his ears to listen.
Liang Jiemin's face is indeed extremely ugly. Yuanqi can make money by using the tea market, and the tea industry guild can do it, but the bank mansion cannot. If someone makes money, then someone will lose money. Who will lose money? The customers of the money shop pawn shop printing bureau have lost money and went to the tea market. How can I collect the loan? In the end, if the money shop loses money!
Yi Zhizu's words were slapping him in the face, mocking him for trying to use disruption of the tea market to threaten the Thirteenth House to close Yuanqi. Whether it is Yuanqi or Thirteenth House, he is not afraid of the tea market collapse, and he can also make profits from it. However, the collapse of the tea market has no benefits to the bank mansion but only bad things. It will lead to a large number of money shops closing down, and many shopkeepers who have lost their livelihood will be spared.
Seeing his face look ugly, Yi Zhizu didn't want to embarrass him too much. One of his purposes was to dispel the other party's idea of being burned with all his eyes. It was too exciting, but it was not worth the loss. He immediately changed the topic and said, "Businessmen are seriously inappropriate, I believe you all know this."
In order to ease the atmosphere, Huang Zichang hurriedly said, "Of course, no one knows this in Xiguan, and no one knows it?"
"Do you know the interest rate for foreign lending?"
"A yearly interest rate of two cents."
"Monthly rate is four cents."
"How is that possible?" Huang Zichang said with wide eyes and Liang Jiemin also looked over with surprise.
Yi Zhizu smiled and said, "I am talking about the interest rate of foreign lending by British banks, with a monthly interest rate of 4 cents. This is the average interest rate of foreign lending by British banks." After a pause, he continued, "I plan to build Yuanqi Bank and promised the Thirteen Banks that one day, Yuanqi's external lending interest rate will also be 4 cents a month."
"Monthly interest rate four cents!" Liang Jiemin looked at him blankly. He suddenly found that he was very funny. He actually told Shisanxing that he would lend them a low interest rate and ask them to close Yuanqi. How low can he give Shisanxing a 13-cent interest rate four cents?
What will happen if the monthly interest rate is four cents? Huang Zichang couldn't help but ask: "How many years will it take for Yuanqi to reduce the interest rate to four cents?"
"Two years!" Yi Zhizu looked at him and said seriously: "Do you believe it?"
"Nonsense." Liang Jiemin sneered.
Yi Zhizu continued without arguing, "Did you ever think about it? One day, what would happen if the British opened a bank in Guangzhou?"
"How is that possible?"
"I worry too much!"
"It can be as short as three years, and it can be as long as five years. Let's wait and see." Yi Zhizu was unwilling to say more, so he paused and then continued: "Looking at it from another perspective, if all the ticket banks in Guangzhou lend to the outside world, they only had a monthly interest rate of four or five cents or six cents, what would it be?"
Without thinking, Huang Zichang blurted out: "If this is the case, then trade will inevitably be extremely prosperous."
"It's not only the prosperity of commerce." Yi Zhizu smiled and said: "Such low lending interest rate will stimulate the development and prosperity of all industries. Business, agriculture, textile industry, handicraft industry, mining, smelting industry, shipbuilding industry, etc. will all prosper. The market will prosper, the people will be rich, and local governments will be rich. It is no exaggeration to say that the interest rate of lending to money houses in one country and one place will directly affect the economic prosperity and livelihood of the people."
Hearing this, Liang Jiemin's expression became solemn. The Governor's Office strongly supported Yuan Qi behind his back. Could it be that this is why?
Chapter completed!