In Xiakou, Ezhou, Zheng Tong, who had just returned from the government office, hurriedly finished his meal and talked to his wife and children for a while. After taking a shower and changing clothes, he turned to the study room. A thick stack of information was placed on the desk. He sat down and looked slowly.

Zheng Tong is the chief minister of Ezhou. He has been handling official duties these days and will step down in a few days and then rush to Bozhou.

The reason for this is that he was "seconded" by the Southeast Road marshal and went to the headquarters of the marshal to listen to it. When he went to Bozhou, Zheng Tong knew that the King of Xiyang was to entrust with important tasks and asked him to assist in the lending of "Qingmiao Loan".

Qingmiaodai is a loan business launched by Rixingchang Guifang. At the beginning of this year, many farmers in Ezhou had borrowed loans, so Zheng Tong had a good understanding of it. Overall, this low-interest loan is indeed beneficial to the people.

But as King Xiyang said in his letter, Rixing Changguifang will vigorously promote the Qingmiao loan business in various parts of Henan, and the interest rate of this Qingmiao loan is simply sensational.

It was actually a 2-liter interest rate. Zheng Tong believed that the more Qingmiao loans were released, the more Rixingchang would lose.

When Zheng Tong first learned about the plan of King Xiyang, his first reaction was that this move was full of hidden dangers. With King Xiyang's knowledge, he would not be so cocooned.

The reason is very simple. Whether this matter is successful or not, it is very dangerous.

First of all, Zheng Tong believes that Qingmiao Loan cannot be launched on a large scale in various parts of Henan, because Rixingchang’s financial resources are limited. If he really wants to lend money in various parts of Henan, how can he have so much capital?

Even if you give up loans, you will have a high chance of messing up due to government administration, natural disasters and other factors.

Secondly, if the King of Xiyang really does this, it means that the King of Xiyang will lose control of Rixingchang Guifang.

This is a dilemma where one has to be unlucky even if one has not succeeded. Zheng Tong does not think that the King of Xiyang cannot see the huge hidden dangers, but the other party still needs to implement it, either being arrogant or confident.

The King of Xiyang should not be crazy, so Zheng Tong was puzzled. He really couldn't think of why the King of Xiyang wanted to tie himself up and find trouble for himself.

In the information, Zheng Tong saw several figures: the number of households in Henan (and Huaibei) prefectures and counties, regardless of Qingzhou General Administration, even according to the preliminary sorting results, the Yuzhou General Administration has about 700,000 households, Bozhou General Administration has about 400,000 households, and Xuzhou General Administration has about 300,000 households.

There are at least 1.4 million households in total, of course, which does not include hidden households, and the statistics are very rough, and the actual number may be more.

Among these one and four million households, the number of households with loan needs is unknown. Zheng Tong relaxed it according to his own experience and the current situation of the war in Henan Province, which means that 700,000 households need to borrow.

In Henan, the area of ​​mainly planting millet, wheat and rice is relatively small. Zheng Tong is not very clear about the cost of farming in Henan. He still estimated that each household borrowed an average of five jin of money (physical discount).

In this way, just a rough estimate is that Rixingchang will have to lend nearly 3.5 million guan (physical discount) in Henan, which is just the principal of Qingmiao loan, and other expenses are calculated separately.

However, Rixingchang Guesthouse does not have such financial resources. If so, then the King of Xiyang would have to hand over control of Rixingchang, either to the Emperor or King Qi. This is reality.

If you don’t hand over, you have to hand over!

A cabinet with a financial resources of more than 3.5 million guan (physical discount) is not an industry that a vassal king can own. If you don’t let go, you will be a big taboo.

The King of Xiyang is a royal family, with outstanding military achievements and a private army that can be fought in his hands - the Hulin Army. Now he has a rich Rixingchang Guifang. In other words, the King of Xiyang has an independent strong army and an independent source of wealth. What does this mean for the superiors?

Faced with such a vassal king, not to mention the emperor, even King Qi would be uneasy.

If a vassal king simply has money and grain or simply has soldiers, it is not a big problem, because having money and grain but not soldiers is a fat pig, and having soldiers but not money means that the court can control it.

A vassal king with soldiers, money, food and reputation is not far from rebellion.

Even if this vassal king does not have such an idea, others will think that he has such an idea, so sooner or later something will happen.

Zheng Tong was worried that King Xiyang would not know how to advance or retreat, so he walked on the edge of the cliff but did not know it. Later, after seeing the subsequent letter from King Xiyang, he knew that this hidden danger was resolved by King Xiyang in a clever way, allowing Rixingchang to realize his lending ability, but would not attract the fear of the superiors.

That method is "financing", and "multi-level financing".

Zheng Tong knew that Rixingchang Guifang is now sucking in large amounts of money and grain from large households in various parts of Shannan, which means raising huge capital by "borrowing chickens and laying eggs" to realize the idea of ​​implementing Qingmiao Loan in Henan.

The proportion of funds invested by the cabinet itself in this sky-high capital is actually nothing.

Rixingchang Guifang uses credit as a basis to absorb idle money and grain from all over Jingxiang, Shannan, and then lend it to farmers in Henan. In this way, the role of Rixingchang Guifang is nothing more than a handler (shopkeeper), and most of the principal (money, grain or various physical goods) of the loan are not from Guifang.

Just like a living store, the shopkeeper uses the owner's principal to run the transaction, get profits for the owner, and then get a share of the pie. The one who is rich is not the shopkeeper, but the boss. The shopkeeper just makes money by relying on his own abilities.

The most important point is that Rixingchang is not actually directly raising funds from major local investors, because there are already "serving on behalf of the counters".

Rixingchang Cabinet is not the only Cabinet in Jingxiang, Shannan. It is just because it has the best credit, so it took the lead and serves as the "handler" who issues Qingmiao loans in Henan.

The free money and grain of large households in various places is actually absorbed by large and small cabinet shops in various places, and then these cabinet shops are invested in Rixingchang cabinet shops to make a difference. In other words, even when it comes to financing capabilities, Rixingchang relies on other cabinet shops to achieve "huge financing", and its financing capabilities will not be too dazzling in the eyes of superiors.

In this way, the principal problem of lending seems to be solved, and it was thanks to the help of many cabinet shops to absorb so much capital. The whole thing gives people the feeling that the King of Xiyang borrowed money and grain from Jingxiang, Shannan to help Henan, rather than using Rixingchang cabinet shop alone to support the huge expenses to help Henan.

Therefore, the emperor, King Qi and the imperial court saw it, they only thought that the land of Jingxiang in Shannan was rich, and the shopkeepers of Rixingchang Guifang would make money and make money.

Such a Rixingchang Cabinet is not a threat or a fat golden pig. It will continue to be managed by the King of Xiyang, which is convenient for everyone.

Zheng Tong breathed a sigh of relief when King Xiyang could deal with it like this, but the problem followed, because the "return rate" promised by Rixing Changguifang to "investors" was two-minute and two-cent. Based on the interest rate of Qingmiao's 2-cent, the difference between one in and one out is more than ten times.

This profit difference is not a joke, because so many people invest money and grain in large and small cabinet shops, and each cabinet shop invests the principal (including physical goods) to Rixingchang Cup shop. The return rate is 2-minute and 2-cent. If the next year period is up to Rixingchang, Xingchang cannot be fulfilled...

At that time, the creditors will be excited, and Rixing Changguifang will be hit by a large-scale impact by angry people. If the bank is run, it will inevitably go bankrupt. The King of Xiyang will not be much better. The result of causing public anger will be that the reputation will be destroyed and the future will be dark.

With such a huge profit margin, Rixingchang's profits must not be based on Qingmiao Loan. The information Zheng Tong is reading now is given by Wang Yue, the shopkeeper under King Xiyang, which roughly introduces various profit-making businesses that Rixingchang will be carrying out in Henan.

Zheng Tong was recruited by the Marshal of the Southeast Road and Wang Yuwen of Xiyang. He was responsible for the general management of the government and cooperated with the Rixingchang Guesthouse to issue Qingmiao loans. Rixingchang wanted to carry out various business, which had exceeded his understanding, so he needed temporary "tutoring" related knowledge.

However, he couldn't understand it very well because these businesses were too "professional". The large amount of data listed made him think it was dark and someone needed guidance.

And the person who was instructed to the point of being confused came.

The shopkeeper Wang Yue visited Zheng Tong as promised. The two were very familiar with each other, so they didn't have any greetings and started to get started with politeness.

Wang Yue, as a representative of Nixingchang, came to Zhengtong to answer questions today. Because Nixingchang was doing business in Henan, he needed to cooperate with Zhengtong, who was about to be responsible for the money affairs of the public office, so necessary communication is indispensable.

The King of Xiyang wanted to suspend the loan of government money from government agencies in various parts of Henan, but it was not prohibited, because government money can increase the government's income, make up for daily expenses, and reduce the burden on the court.

The King of Xiyang must first rectify the money of the government, and then make the money of the government a useful supplement to the loan business of Rixingchang.

But Zheng Tong still wanted to know how Rixingchang would make a profit from this crazy loan, otherwise he would not be able to calm down. Since Wang Yue answered it himself, he asked directly: "Brother Wang, can these businesses mentioned by the king really make profits?"

Wang Yue nodded: "Of course, otherwise Rixingchang would not dare to take risks. After all, this is not something that the king has suppressed."

Zheng Tong is not that optimistic: "But no matter how I calculate it, I will calculate that these businesses will suffer a huge loss in the end?"
Chapter completed!