Zhu Youxiao did not need Wu Dazhang's investment. To be precise, he was planning to invest in more industries and channels for year-end dividends.

Officials only invest but do not manage, which is also conducive to concentrating idle funds in society, providing impetus for the development of industry and commerce, and avoiding the re-formation of official-business power as much as possible.

This is just like the banks in later generations absorbing savings and giving some interest, which is more beneficial to society than people today who mostly bury the money.

"Development Bank Group Company," Zhu Youxiao announced, deciding on the name. "Wu Qing will be in charge of its management. He will hold the rank of Third Grade and will be named President."

The Development Bank Group should be a royal property. If I hand it over to myself to run it, wouldn't that mean I am regarded as a confidant?

Wu Dazhang could not hide his excitement and knelt down to kowtow in gratitude.

The Imperial Bank is equivalent to the central bank, and the Development Bank is equivalent to the combination of the Industrial and Commercial Bank of China and the Agricultural Bank of China. As for whether it will be split in the future, it will depend on the specific situation.

The Development Bank currently has physical factories such as glass factories and mirror factories, and will have soap factories, refined salt factories, etc. in the future. The development prospects are very broad.

As for business, it mainly provides interest-free or low-interest loans to industrialists and farmers, promotes expanded reproduction, and helps farmers overcome some difficulties in life.

Zhu Youxiao handed over the more specific development strategy to the palace people, who then passed it to Wu Dazhang.

"Go back and study it carefully. If you have any questions or better suggestions, please submit them to me." Zhu Youxiao said in a pleasant tone, "This is somewhat different from the Imperial Bank."

"I understand." Wu Dazhang took it with both hands, but his eyes glanced at the palace maid holding the fourth-rank official uniform next to him. He was so excited that he could hardly control himself.

Smoke is rising from the ancestral tomb of the old Wu family! A merchant family, the son has been promoted to an official, and the father has also become a fourth-rank official of the imperial court. This, this makes people feel like they are in a dream, it is unbelievable!

After expressing his gratitude, Wu Dazhang took his leave.

Zhu Youxiao looked at Old Wu's drunken-like floating steps and couldn't help shaking his head.

Is being an official so good? Making money in business is so wonderful, otherwise why would so many people go into business in later generations?