Chapter 834 Yuyan Enters the Mansion
“I, the commoner Wang Jiang, pay my respects to the Marshal…”

Although it was not the first time she met Ye Mingsheng, it was the first time that Jiang Yuyan entered the study room which represented the core of power of the Fengwu Army. Although she had been mentally prepared before, when she really walked into the room and felt Ye Mingsheng's scrutinizing eyes, Jiang Yuyan still couldn't help feeling a little nervous.

Ye Mingsheng didn't know or care about Jiang Yuyan's inner thoughts. As his schedule was full today, he got straight to the point:

"Get up! You can start reporting now!"

"Yes!"

With Ye Mingsheng's permission, Jiang Yuyan stood up, took out a document and presented it to Ye Mingsheng. After taking the document, Ye Mingsheng's attention was attracted by the document and he began to study the contents of Jiang Yuyan's report.

Seeing that Ye Mingsheng's eyes were attracted by the documents, Jiang Yuyan felt an indescribable disappointment in her heart.

In order to meet Ye Mingsheng today, she started preparing early. From clothes, accessories, shoes, to rouge and powder, she prepared everything carefully. She was very satisfied with her appearance today and felt that she would definitely dazzle Ye Mingsheng.

But the facts mocked her mercilessly. In Ye Mingsheng's eyes, she, who was carefully dressed, was not even more attractive than the cold document. Ye Mingsheng didn't even look at her straight in the eye. Thinking of this, Jiang Yuyan felt aggrieved and sad...
Ye Mingsheng, who was studying documents, saw that Jiang Yuyan had not spoken for a long time, and looked at her with some confusion.

Under Ye Mingsheng's gaze, Jiang Yuyan suppressed her inner emotions and said:
"After getting your approval, our Wang family established the Rishengchang Bank. At the beginning, the bank's performance was not good, but with the strong support and help of Governor Murong and other adults, our Wang family's Rishengchang Bank has been on the right track!"

"According to your opinion, Marshal, and after detailed discussions with the people of our provincial government, we, Rishengchang Bank, have launched two models: fixed deposit and irregular deposit!"

"The interest rate for a one-year fixed deposit is 1%, the interest rate for a three-year fixed deposit is 5%, and the interest rate for a five-year fixed deposit is 10%!"

"The interest rate for a one-year irregular deposit is five cents, the interest rate for a three-year irregular deposit is one cent, and the interest rate for a five-year irregular deposit is three cents!"

"At present, after nearly half a year of opening, our Rishengchang Bank has already absorbed 578,0531 taels of silver from the people of Hebei and Henan."

"For the use of this silver, we bought 300,000 taels of silver bonds from the governor to support the construction of river dams, canals, roads and other infrastructure by the Hebei-Henan governor!"

"According to the data provided by the Hebei-Henan Provincial Government, the silver provided by our Rishengchang Bank has successfully helped Hebei and Henan build three dams, five canals, and three roads. In addition, there are two more dams, three canals, and one road under construction..."

"In addition to providing funds for infrastructure construction in Hebei and Henan, our Rishengchang Bank also provided special agricultural loans to more than 30,000 farmers under the instructions of the Hebei and Henan Provincial Government, helping these farmers to purchase agricultural tools, fertilizers, livestock and other agricultural materials."

"Under the guidance of the Hebei-Henan Provincial Government, our Rishengchang Bank offers an interest rate of only 5%, which is significantly lower than the industry average. This ensures that after the autumn harvest, every farmer can repay the loan and earn a considerable income after repaying the loan!"

At this point, Jiang Yuyan also looked at Ye Mingsheng. To be honest, under Ye Mingsheng's will, the Wang family was busy running the Rishengchang Bank. It seemed that the amount of money they handled was huge, but they really didn't make much money, and even if they did, it was all hard-earned money.

Since not much money can be made from Rishengchang Bank, why is Jiang Yuyan still so enthusiastic about it and thinking about expanding Rishengchang's business to Qilu next door?

The reason is very simple. Although Rishengchang Bank does not make much money, it can give the Wang family the image of "Fengwu Army Imperial Merchant"!

Merchants like the Wang family were very afraid of being harassed by local officials when they went to other places to do business. But now that they have the identity of "imperial merchants", local officials will feel that the Wang family has a strong background and dare not be so presumptuous. They will even generally support the Wang family's business...

In addition to the identity of "imperial merchant", running the Rishengchang Company also greatly increased the Wang family's reputation and accumulated a large number of personal connections for the Wang family. Although these invisible benefits could not directly bring a large amount of money to the Wang family, they provided great help to the Wang family in expanding their own business and entering other industries.

It is for this reason that Jiang Yuyan is so eager to expand Rishengchang Bank to Qi and Lu!
Ye Mingsheng nodded in satisfaction at what Jiang Yuyan reported. Judging from the current development of Rishengchang Bank, it has basically met its own requirements, using private savings to promote people's livelihood development and improve people's living standards.

After a pause, Ye Mingsheng instructed Jiang Yuyan:

"I know that in the past six months, you and Governor Murong have made great efforts and put in a lot of hard work for the banknotes. The people of Hebei and Henan should thank you. I am also basically satisfied with your work results in the past six months!"

"Of course, I also want to make some suggestions. First of all, we must attach importance to the supervision of silver. Not only should the Governor's Office supervise it internally, but you as the bank must also supervise it from the source to ensure that every ounce of silver is invested in the project or handed over to the people, rather than flowing into the pockets of certain people..."

"Secondly, as a bank, the most important thing for you is to have sufficient liquidity. Your cash flow must be kept in a safe range to ensure that when ordinary people or merchants need to withdraw money from your bank, you can get it out!"

"I know that the Ji-Yu Provincial Government has now treated your Rishengchang Bank as their cornucopia. When they run out of money, they come to you to make some money. This is absolutely not allowed. I will warn Murong Yuliang about this issue, but I also want to emphasize it to you again!"

"The most important thing for a bank is reputation. Once you can't come up with money, it is very likely to cause a large-scale, all-round run. No bank can withstand a large-scale run, so you must try your best to prevent this phenomenon and prevent systemic risks!" "If the governor asks for too much money, you must also learn to refuse and not ask for whatever you want!"

Hearing Ye Mingsheng's instructions, Jiang Yuyan's eyes lit up. Ye Mingsheng's words hit the nail on the head about what she was worried about. With the help of the Governor, the Wang family's Rishengchang Bank business developed very rapidly, but even faster was the speed at which the Governor demanded money.

In order to pursue political achievements, the Hebei-Henan Provincial Government has recently launched a lot of projects, so they treated the Rishengchang Bank as a hen that laid golden eggs, and have been continuously asking for silver. As soon as there was a little silver in the bank's treasury, it was taken away by them...
Now that the ticket numbers are still in a period of rapid development, this problem is easy to solve, as the ticket numbers can transfer the savings of new customers to old customers. However, once this period of rapid development has passed and the ticket numbers have reached a bottleneck, this problem will become a bomb that may explode at any time.

Jiang Yuyan also expressed this hidden danger to Murong Yuliang, but Murong Yuliang did not take it seriously and asked Jiang Yuyan and the Wang family to put the overall situation first and fully support the work of the governor.
This time when she came to Yijing to report to Ye Mingsheng, Jiang Yuyan also thought about reporting this situation to Ye Mingsheng, but then she changed her mind and thought that now her business in Hebei and Henan was developing so rapidly, all thanks to the help of Murong Yuliang. If she reported this problem to Ye Mingsheng, it would be equivalent to stab Murong Yuliang in the back, thus offending Murong Yuliang.

Murong Yuliang is the governor of Hebei and Henan, and the father and mother of millions of people in Hebei and Henan. After offending such an important figure, can the Wang family still have a good life in Hebei and Henan?
So after comprehensive consideration, Jiang Yuyan chose to give up reporting this issue to Ye Mingsheng. She never thought that although she did not report this problem, Ye Mingsheng had already noticed it and said that he would warn Murong Yuliang...

These measures undoubtedly gave Jiang Yuyan peace of mind, making her realize that Ye Mingsheng was not intending to make a one-time deal in the banknote business. Ye Mingsheng really wanted to develop the banknote business and make it a good thing to develop people's livelihood and improve people's living standards. This also strengthened Jiang Yuyan's confidence in running the banknote business.

Although Jiang Yuyan had concerns and didn't say anything, from her reaction, Ye Mingsheng still felt that she did have this need and was very welcoming to his words.

After listening to Jiang Yuyan's opinion, Ye Mingsheng asked again:

"What are your prospects and goals for the new year, Rishengchang Bank?"

Jiang Yuyan was a little surprised to see Ye Mingsheng asking about this, but she also realized that this was a good opportunity, so she organized her words and said:

"Our Rishengchang Bank aims to attract one million taels of silver in savings in Hebei and Henan in the new year, so as to better help and develop the infrastructure of Hebei and Henan, help agriculture produce more food, and benefit the people of Hebei and Henan!"

At this point Jiang Yuyan quietly observed Ye Mingsheng's expression, then changed the subject and said:

“In addition, our Rishengchang Bank also intends to expand its business to Qilu. Hebei, Henan, and Qilu are neighbors and have a deep relationship with each other, so our Rishengchang Bank also intends to help Qilu develop…”

Although Jiang Yuyan's words sounded nice, Ye Mingsheng immediately understood her thoughts, and then looked at her with some emotion and said:
"No wonder you had to come to me to report your work. It turns out you wanted to go to Jiyu to make some money!"

Jiang Yuyan was shocked when he heard this. She didn't know what Ye Mingsheng meant. After hesitating for a while, she knelt on the ground again to be safe and said:
"Marshal, we mainly want to help the people. Since the establishment of Rishengchang Company half a year ago, I have seen with my own eyes how much it has changed the lives of the people!"

"In the past few years, we have been hit by floods and droughts in Hebei and Henan, and people have starved to death. Children have been sold, and even cannibalism has occurred from time to time!"

"There are natural disasters, but more of them are man-made disasters. Since you took over Jiyu, the situation has changed a lot, but Jiyu owes too much debt in the past few decades. Many water conservancy facilities need to be repaired or even rebuilt!"

"However, due to the lack of finances, the government offices could not organize the construction at all. With the establishment of Rishengchang Bank, we absorbed private savings and concentrated them for use. In this way, there will be money to build water conservancy facilities! And these water conservancy facilities will effectively prevent the disaster from happening again and protect the safety of our people in Hebei and Henan!"

"Another thing is to build roads. In many rural areas of Hebei and Henan, there is no way to sell the food and vegetables they grow, and the pigs, chickens and ducks they raise in the market because of the inconvenient roads. They can only produce and sell their own products, and some of them are even wasted!"

“After the government builds the road, they can go to the market to sell these things. This not only increases their own income, but also ensures the supply of the market and stabilizes prices in the city…”

"Also, there are these farmers. Although they have obtained the land under your grace, Marshal, they do not have money to farm. So in order to buy agricultural materials, they need to borrow money, and the interest rate for borrowing money is at least 30% a year!"

"And now our Rishengchang Company is providing them with loans with an annual interest rate of only 5%. Marshal, do you know how excited these farmers are when they know that the loan interest rate is only 5%?"

"The whole family knelt down and thanked us profusely!"

"In short, Marshal, your implementation of this policy will benefit the present and future generations. Such a good policy must of course be implemented outside Hebei and Henan to benefit the people of the world."

Ye Mingsheng was also touched when he heard Jiang Yuyan's words. He knew that his policy would bring some changes to people's lives, but he seemed to have underestimated the extent of the changes.

Seeing Ye Mingsheng silent and lost in thought, Jiang Yuyan's heart relaxed a little. Although what she said just now sounded high-sounding and righteous, as a businessman, the primary purpose of doing business must be to make money. After all, she still has the Wang family to support.

As for helping the common people, it's just a byproduct of making money...

(End of this chapter)