"Opening an account at the cabinet house, recording records, checking bills, and a new accounting method, this is actually nothing."

"Don't talk about Xiyang in Huangzhou, it's just like Guangzhou Fanyu, Ezhou Xiakou, and Hongzhou Nanchang. It's the same. If merchants want to do business in the market, they have to follow this rule."

"Several people have been to Xiyang, Xiakou, and Nanchang, but they have seen it with their own eyes. This set of rules is indeed more troublesome than usual, and they are taxed by the government, but the benefits are not without them..."

"Don't worry, don't be afraid that the government will become ill-intentioned after letting the government know their account. After all, this set of rules has been implemented in Xiyang for many years, and I have never seen the government treat anyone as a fat pig, right?"

At this moment, in a private room in a restaurant in Chang'an, Li Fangzheng talked in detail with several friends. The topic he was talking about was a new system that the government (city office) was about to implement. Once this system was implemented, the business rules in the east and west cities of Chang'an would change.

If you want to do business, you must do it in the "city". From now on, merchants who want to do business in the east and west cities must open an "account" in one of the several cabinets designated by the Municipal Administration and deposit the principal as "registered capital".

Then all the funds have to be posted in the reef shop to leave the "flow" and this will lead to two sets of account books, and it will become very difficult for merchants to evade taxes.

There are a series of other measures that will be implemented in the near future. The Municipal Administration has issued a lot of publicity materials in advance to distribute them to merchants in the East and West City, so it is well known in just a few days.

This system surprised all merchants, and for a while, people were worried and they didn't know what their future "money prospects" will be.

From ancient times to the present, merchants have never let others record their income and expenditure in business. Everyone is worried that once the government has their own real account book, one day they will short of money, and they will "borrow money" from everyone according to the turnover.

It is too dangerous to keep money from being exposed, so that outsiders can control their own accounts and know their profitability. It is no different from waiting for others to behead them.

Many merchants feel that their status is low, so how can they live like this?

This kind of worry is normal, and Li Fang can understand it, but he was ordered to explain the new regulations to everyone, so he could only patiently explain to several wealthy merchants to eliminate the other party's worries.

It is useless to just talk about the great truth, he gave two examples.

One example is that in Xiyang, Huangzhou, which has implemented such a system, the market order is very good and the merchants are doing a prosperous business. No one has ever been "borrowed" by the government according to the flow of accounts.

The same is true in Ezhou Xiakou and Hongzhou Nanchang.

The second example is credit, the credit of "that person".

As we all know, the credit of "that person" has been well proved well through Rixingchang Guest House. Now "that person" is in power and will not allow clerks to slaughter law-abiding merchants as fat pigs.

Since ancient times, there have been many people in power who are insatiable. However, the "that person" has always had a good reputation and is not short of money. Some people have the means to make money. How could he ruin his credit for years of maintenance for the sake of commercial taxes in the East and West cities?

After Li Fang said this, the wealthy businessmen were at least relieved, but everyone soon discovered a new business opportunity, that is, they had a great "money prospect" to open a cabinet shop.

For example, it became one of the several designated cabinet shops by the Municipal Administration, managing the "registered capital" of merchants in the east and west cities.

Many merchants have just adapted to the emerging things like Guifang, but they don’t know how to use them. Seeing that Guifang is about to become a "credit intermediary" for bulk goods transactions, many people were moved.

The cabinet holds a large amount of money from merchants, plus its own principal and the depositors' funds, so as to lend money to merchants and earn money from merchants. This is a huge profit, much better than lending to ordinary people.

If you want to do such a business, you must first have a cabinet shop. It is not difficult to set up a cabinet shop, but it is difficult to become those cabinet shops designated by the municipal office.

First of all, the financial resources of the cabinet shop must be strong, and secondly, the reputation must be good, which is the most important thing.

Good reputation is hard to buy, and long-term good performance is required to establish credibility. How can a newly opened cabinet shop come from?

There is no way, the owner and owner of this cabinet shop have a good reputation, or let a reputable wealthy merchant be the guarantor, so that he can have the opportunity to become one of the designated cabinet shops by the Municipal Administration.

But the competition will be great. The newly established cabinet shop may not necessarily catch up with the good opportunity this year. So what should I do next?

Regarding this question, Li Fang released good news:

The government will strengthen management of all cabinets in Chang'an City. The cabinets must obtain a license before they can officially open. The interest rate for the cabinets is limited and must not be too high, otherwise it will be handled as usury.

This insider sounds bad, but you can quickly hear another meaning: since then, in Chang'an City, usury has no place to survive, and only the cabinet can lend.

Although the court would not explicitly stipulate that non-Guifang's residences are not allowed to lend, people who are short of money will inevitably tend to borrow from variousGuifangs with lower interest rates. In this way, the lower interest on borrowing can starve the usury in Chang'an City to death.

Those who want to lend money to generate interest, either build a cabinet shop to lend money to generate interest, or deposit funds into the cabinet shop to earn interest, or "invest and financial management".

If the government made such regulations in previous years, it would be useless in fact, because most of the people who lend money loans are backers, and the powerful are always exceptional.

But now it’s different. “That person” has been in power, with strong soldiers and new weapons that are said to be very powerful. The powerful have become much more honest.

At least this is true in Chang'an City.

The Rixingchang Guifang, which was sheltered by "that one", is rich in financial resources. Even if she works alone and lowers interest loans in Chang'an City, no one else can compete.

Therefore, it is not bad for the government to rectify the lending industry and let the cabinets monopolize lending in disguise.

But most importantly, Li Fang also revealed that the court planned to ask the Maritime Bureau to borrow money from the private counterparts and invest in maritime trade.

Everyone has seen the huge profits of doing maritime trade. It is an irresistible temptation for merchants to take the ship of the Mailing Ship.

"So, the imperial court's plan is very obvious, to crack down on usury, standardize the cabinet industry, and let the reputable cabinet shop absorb a large amount of idle funds from the private sector, and then lend it to the Maritime Bureau, which uses the huge profits used for maritime trade to rebate."

Several wealthy merchants nodded silently when they heard this, saying that "that one" is really capable. While cutting off the financial path of usury, they also pointed out another financial path for everyone. The "money path" is really bright.

Li Fang began to inspire everyone: "Think about it, how has Maritime Affairs achieved in the past few years?"

"Think about it again, instead of giving usury loans that are unreasonable, it is better to lend them to the Maritime Bureau and take the rebate with a steady rebate, not low, right?"

"Even if you can't squeeze into the East and West Market, there is also the Maritime Trader Department, and I miss the Maritime Trader Department and the Weaving Department."

Hearing this, the people present were so shocked that they couldn't hold the cup: "What? The court also allowed the weaving department to borrow money from the cabinet shop?"

"That's right, nowadays, several weaving departments are either expanding their production scale or preparing for construction. It is the time to use a lot of money, and the court has to spend money everywhere and can't turn over at once. The king...uh, it means to let the Maritime Department and the Weaving Department borrow from the private cabinet shop."

"At that time, the court will ask the Maritime Department and the Weaving Department to send officials to convene representatives of each counter and shop in Chang'an to hold a meeting to borrow money publicly!"

Li Fang paused and asked knowingly: "Everyone, are you willing to help then?"

"Yes, I'm willing!"

Hearing such a shocking inside story, the few present could not sit still, and they were all overjoyed.

They knew that the Maritime Bureau and the Weaving Bureau were the most profitable profit institutions in the hands of the imperial court. Why did they fear that they would not make money by catching these big ships in the cabinet shop?

Seeing that several friends were being told, Li Fang had achieved his goal, and did not forget to remind him: "Remember, the Maritime Department and the Weaving Department will only borrow money from registered and reputable cabinet shops, and don't even think about those cabinet shops that are loaned to usury!"
Chapter completed!