Chapter 142 The Royal Bank of the Tang Dynasty (2)

After Li Chengqian said this, everyone present began to think.

If it was really as the prince said, and if they could get interest every month, they would also want to deposit their money in the bank.

How much money could they have after a long time?

No one in this world would complain about having too much money, but everyone has a different way of making money.

Some people follow the principle of "a gentleman loves money but earns it in a proper way"! They earn the wealth they deserve through legal means.

Some people don't care so much. As long as they have money, they can sell anything and do anything that is against the will of heaven and earth.

"Your Highness! How should this bank be operated? How should the interest be calculated?" Li Jingxuan asked.

Everyone's eyes were focused on Li Chengqian, as this was a question about the interest on everyone's deposits.

"One percent interest will be given every month. Anyone who deposits money in the Tang Dynasty Royal Bank will start with 100 copper coins, and must deposit for a year before interest can be given, otherwise there will be no interest at all." Li Chengqian stated his standards.

In fact, as early as the Tang Dynasty, there were institutions similar to banks called counters that handled certain businesses. They first appeared in the early years of Emperor Xuanzong of the Tang Dynasty.

The main business of counters was to keep gold and silver on behalf of merchants, charging a certain rent. When merchants needed it, they could withdraw it with a voucher (equivalent to a check) or a token.

At the same time, they also charged interest on foreign loans, which can be said to be the earliest prototype of banks in China.

The predecessor of the cabinet shop evolved from the didian.

The didian is a place that combines the characteristics of an inn, a shop, and a guest house. In addition to helping people keep goods, it can also buy and sell goods and provide food and accommodation.

Li Chengqian's Royal Bank of the Tang Dynasty was similar to the cabinet shop in the early Kaiyuan period of Emperor Xuanzong of the Tang Dynasty in the early stage, but it was different.

The difference is that the cabinet shop supports its operation by collecting rent for helping to keep property, and this function is equivalent to a storage cabinet. The difference of

the bank is that it is a fund-raising nature, which pools all the funds of everyone and then charges high interest by lending to others.

The bank only needs to pay a little interest to the depositor, and the bank acts as a transit station here.

The Tang Royal Bank only has these two businesses for now. As for other businesses, it won't be too late to add them later.

In the future, we will also develop insurance, pensions, social security funds, etc., so as to benefit the people of the Tang Dynasty and let them live a better life.

"What do you think of my idea of ​​this bank? If it is feasible, let's do it this way?" Li Chengqian asked.

As the crown prince, Li Chengqian can set up the Tang Royal Bank without their consent.

But he alone can't run the entire bank, not to mention that he has to supervise the country and handle government affairs every day.

Where is the time to manage the bank's affairs, and the handling of bank affairs can only be handed over to trusted ministers.

As a time traveler, Li Chengqian naturally had to vote democratically to see if the bank's plan would pass.

Li Chengqian believed that once the deposit policy was introduced, many people would rush to deposit their savings in the Tang Dynasty Royal Bank.

After all, depositing money in a bank would earn interest, and who wouldn't want to take advantage of it?

Being greedy is one of the bad qualities of human beings. When the news that depositing money in a bank could earn interest spreads, there is no one left to invest money in the bank.

As long as they do what they say, the bank will be able to do it. Li Chengqian has already given a standard for how to give interest.

As for lending money, Li Chengqian doesn't have to worry about it. Most of these people are experts at charging high interest rates for lending money.

The matter of lending was too simple for them.

"Your Highness! This bank is good, but is it allowed for private individuals to open this bank?" Zhao Jie asked.

In the eyes of Zhao Jie and others, if the bank is really as Li Chengqian said, it is simply a good industry with no investment and huge profits.

The high-value loans alone are enough for them to make a lot of money, and they are also very tempted. If Li Chengqian agrees that private individuals can also open private banks, they will participate without hesitation.

"Of course not, banks can only be opened by the court, and private banks are strictly prohibited." Li Chengqian said without question.

On the matter of the bank, Li Chengqian would not give in no matter what.

Since ancient times, monopoly business has always been the most profitable, so Li Chengqian naturally would not share it with anyone.

After hearing this, everyone was somewhat disappointed. Such a good tool for making money could only be held in the hands of the court. They were somewhat frustrated.

"Then everyone, please express your opinions and ideas, and let's discuss them together." Li Chengqian said.

"I think there is no need to discuss the bank anymore. This is a matter that benefits the country and the people, and I will support Your Highness!" Du He was the first to stand up and support.

"I second it!" Zhao Jie was the second to stand up and support.

"I second it!" Li Yifu, Li Jingxuan and others also expressed their support.

"Well, since everyone supports me to open a bank, then the next step is to choose a site. Where should this bank be built?" Li Chengqian asked.

"Your Highness! I think the bank should be established in the bustling West Market or East Market, where people come and go and the flow of people is the largest."

"This way it will be convenient for merchants to borrow money, and it will also be convenient for everyone to deposit their money in the bank." Li Yifu said.

The East and West Markets are the industrial and commercial areas of the Tang Dynasty, and most people consume here.

Choosing the address of the bank in these two places can make it more convenient for everyone.

"Okay! Just do as you said, the specific location will be handed over to you, and I will appoint you to handle this matter with full authority. Make sure to set up the bank within two months." Li Chengqian said.

"Thank you, Your Highness!" Li Yifu was overjoyed and saluted hurriedly.

"If everyone has no other opinions, please disperse! Let's discuss this today." Li Chengqian said.

"I'll take my leave!" Everyone stood up, bowed and left.

After Li Yifu left the hall, he left in a hurry. The prince only gave him two months, and he didn't have time to waste.

Li Yifu went to the East and West Markets for an inspection, and finally chose a site in the East Market. He then requisitioned a shop here and directly converted it into a bank as the bank's head office, and chose a place in the West Market as a branch of the bank.

The reason why Li Yifu chose the East Market as the head office was because the East Market was close to the Imperial Palace, and there were many residences of royal nobles and dignitaries in the surrounding areas. The goods sold in the entire market were mostly high-end luxury goods to meet the needs of royal nobles and dignitaries.

There were many wealthy people here, and even more businessmen, which would definitely bring huge profits to the bank.