Chapter 861

"Bankruptcy system!"

"If you don't pay the money, you don't have to pay it back?"

The merchant's news is the most well-informed. Shortly after the end of chaotang, the bankruptcy system of Mojia village bank has spread all over Chang'an city.

Chang'an merchants were in an uproar and unbelievable one after another. Although it is said that everyone is unwilling to embark on the road of bankruptcy, who can ensure their long-term prosperity? The bankruptcy system in Mojia village simply retains the last trace of dignity for businessmen. It only liquidates the existing property, does not affect his wife and children, and will leave a certain life guarantee, which was unthinkable before.

For a long time, Chang'an merchants will not choose to borrow money unless they are forced to a dead end. It is not that these merchants are not short of money, but that the cost of borrowing money is too high.

However, the lower interest rate and bankruptcy system of Mojia village bank made them put down their guard and suddenly opened the hungry financial market of Chang'an city. Large merchants rushed to Mojia village bank to ask for loans with house and land deeds.

Everyone knows that the loan is the best at this time. Only by lending half of the money can the Mojia village bank maintain a balance of revenue and expenditure.

"200000 Guan! In just one day, Chang'an merchants will borrow 200000 Guan money!"

In the ink house, Shen Hongcai changed his previous worry and said with a smile that he finally didn't have to worry about the high interest that the Mojia village bank needs to pay every year.

The short experience of the bank manager is more wonderful than his life experience in the Imperial College. It is more fascinating than being in power to master such a large amount of money.

"Brother Shen can't borrow all the money. Mojia village still needs a lot of money?" Xu Jie asked.

"That's natural!" Shen Hongcai said proudly. "After Shen's calculation, the bank only needs to prepare 12% of the deposit as the reserve, which is enough to deal with the risk. However, for the sake of safety, Shen decided that the reserve of mojiacun bank should be at least 20%

"The bank has just been established. It's better to be conservative, but don't count the profits of Mojia village. When necessary, Mojia village will try its best to come to the bank." Merton nodded. If the reserve is too high, the bank will not make money or even lose money, but if the reserve is too low, once the Mojia village bank faces a large-scale run, it will not recover the loan, which is too risky, Although the reserve of 20% is a little conservative, it also leaves 30% profit for mojiacun bank.

"30% profit!" Xu Jie couldn't help sighing. According to the existing deposit of 800000 yuan of Mojia village bank, the annual profit of Mojia village bank is nearly 15000 yuan, which is too easy to earn.

Shen Hongcai couldn't help but be proud. This is not the limit of the bank. Once the deposit scale increases significantly, the bank's profits will certainly further expand. Of course, the bank is not without risks. Once someone defaults or goes bankrupt, the bank will certainly suffer heavy losses.

"At this rate, the bank's loan quota will be used up soon. Now the banks in Chencang and Zhengzhou have been completed. If they can continue to absorb deposits, it will certainly make the bank go further." Shen Hongcai thought about it and suggested that now Chang'an city is very hungry for money and use funds from other places to support Chang'an city, I'm afraid I can't be satisfied.

Merton nodded and said, "that's natural. As long as the bank opens in the future, it will immediately carry out deposit business. As for loan business, it needs to be done step by step to give priority to Chang'an City, followed by Mojia village, and then Luoyang......"

Merton ranks Mojia village ahead of Luoyang. Of course, it is selfish. In terms of the scale of the loan market, Luoyang is much larger than Mojia village. However, Mojia village is under the control of Mojia village, and the loan security is naturally the highest. Second, most of the industrial workshops in Mojia Village adopt ink technology, which is the foundation of Mojia, while Luoyang city is mostly engaged in business exchanges. In contrast, Merton naturally took the development of Mohism as the first.

"By the way, the foundation of Mohism is industry. When banks grant loans, they can give priority to craftsman workshops. Even if the mortgage is not enough, they can relax the conditions appropriately." Merton ordered.

"But in this way, the risk of the bank will increase a lot!" Shen Hongcai frowned.

In this era, the richest people are businessmen. Their capital is the most abundant and the value of collateral is the largest. However, industrial investment is large and takes up a lot of money. They often can't take out valuable collateral. If they lose, I'm afraid the bank will lose a lot.

"The foundation of Mohism is industry. Only when industry is strong can Mohism revive. Supporting industry is a constant concept of Mohism. Even if the bank doesn't make money, it should leave at least 30% of the loan funds for the workshop." Merton said without hesitation.

"That's all right!" Shen Hongcai said reluctantly. Who's Merton? However, although the risk of lending to the workshop is a little higher, as long as the control is strict, there should be no problem. After all, even if it's lending to the workshop, it also needs to pay interest.

"Mohism supports craftsman workshops!"

"Not only the approval conditions are loose, but also there are low interest loans."

As soon as this news came out, the industrial corridor between the south of Chang'an City and Mojia village and the Southwest Industrial Zone immediately became a sensation. Compared with the merchants' high buying and low selling, as long as the goods are safe, there is no great risk, and the investment of the workshop is extremely amazing, which requires more money. However, as soon as the Mojia ink technology came out, the renewal of the workshop is accelerated, The workshop is even more risky.

Once they can't keep up with the times, a large number of goods are hoarded in their hands and the capital chain is broken, they have to wait for death, and the bank's low interest loans make them feel like a long drought and rain.

"Lin's car and horse shop only used one piece of land and borrowed 5000 yuan from the bank!" a surprising news came quickly from Chang'an city.

"Isn't Lin's car and horse company competing with Mohist car and horse company? Can they even borrow money?" someone was surprised.

When the Mohist four-wheel carriage first came out, Lin's carriage and horse shop imitated the Mohist four-wheel carriage and made a lot of money. Unfortunately, with the improvement of the second generation of Mohist carriage and the fierce competition of four-wheel carriage, it soon declined.

"After all, Mojia village and Linjia village are both craftsmen. After getting the loan, Lin's car and horse shop ordered 3000 pieces of carriage glass in Mojia village. With this batch of glass, Lin's car and horse shop will be full of vitality." an informed merchant envied.

"There are also rumors that any workshop that uses Mohist ink technology can enjoy low interest loans. It is said that the lowest interest rate is only 3% a year? Liu Jiazhuang uses Mohist red brick technology and wants to expand the brick kiln. Mohist village has a direct loan of 500 yuan with an annual interest rate of 3%. A citizen smacked that the loan with an annual interest rate of 3% can be said that Mohist does not make money at all and has to bear the risk of bankruptcy of the lender.

"The Mohist school really needs everything to revive the Mohist school." a Confucian scholar said bitterly. People with a clear eye know that the Mohist School's move is to revive the Mohist School and spare no expense.

"That's nothing?" an idle man said proudly, "Gongshu family and Mohism are recognized rivals. However, Gongshu Hao, the young master of Gongshu family, is appreciated by Mohists. He directly lent Gongshu Hao 5000 yuan to start a lock workshop without interest."

"Seriously?" people couldn't believe it. Printing money without interest for a penny was unthinkable.

"What's more incredible? According to the Mohist rumor, as long as you have new technology and are appreciated by the Mohist, the Mohist can directly pay money to help you set up a workshop, and you only need to pay a small amount of workshop members." the idle man despised Sifang.

"Is there such a good thing?"

"Can there be such a free lunch in the world?"

………………

The crowd said one after another.

"It's impossible for others, but nothing is impossible for Mohists." the idle man worshipped with his eyes.

Everyone was silent, which was indeed in line with the style of Mohist school.

With the preferential treatment given by the Mohist school to the craftsman workshop, the entire industrial community in Chang'an City cheered. With sufficient financial support, it injected fresh blood into Datang, and the spring of Datang industry is coming.