Zhao Yan is very rich now. A lot of silver in the vault is constantly being stamped into silver dollars by the mint. After nearly four months of development, the scale of the mint has doubled.

200,000 taels of silver dollars and 300,000 taels of silver coins are shipped every day.

Silver dollars, silver horns, and copper coins can be seen everywhere in the Shandong market. All three are very strong. Silver dollars are constantly being issued and they are constantly retracting silver and pure copper.

The newly issued silver dollar is called rice dollar because there is a rice ear pattern on the front of the silver dollar. Some areas call it "cannon yuan". The pattern on the back is a cannon and a musket underneath.

Obviously, this is a very popular currency in the market. Since the Zhaojiabao Mint issued silver dollars, people have become much more convenient for trading. There is no need to look at the quality, weight, Shandong silver dollars, silver horns, copper coins in size and quality, and the difference is so small that it can be ignored.

Since armed police are present in all provinces, Denlai Bank is opening all over the country.

Currently, Denglai Bank can make a profit of 3 million taels in one quarter, and its profits are so high, so private banks have also appeared in Shandong.

After registering these private banks, they use the same business methods as Denglai Bank, but private banks are more flexible in their business methods.

To this end, Zhao Yan also specially promulgated the Financial Management Law to prevent these banks from making trouble.

Although he likes to have more banks to form a convenient financial system, there are also problems. If these banks do whatever they want and lose or get greedy for depositors, Zhao Yan will eventually have to accept the account. Of course, he can also ignore it, but the money that is lost is the people.

The financial industry is a very complex thing. In order to achieve some convenience, it may also cause some hidden dangers, so there is a financial crisis.

The banking crisis has a domino effect. Because asset allocation is the main business of financial institutions such as commercial banks, complex debt-related links are formed between financial institutions due to asset allocation, which makes asset allocation risks very contagious. Once a financial institution fails to make asset allocation errors and cannot guarantee a normal liquid position, single or local financial difficulties will evolve into financial turmoil with the overall surname.

Whether a bank has a loss is a very important link. Banks are a place where money goes in and out, so even if it is a loss, it can still last for a long time. However, once it collapses, it is already a serious time, so financial supervision is very important.

Therefore, Zhao Yan has legislated legislation to make banks responsible for bad debts. When bad debts reach a certain level, high-risk investment projects cannot be involved, and can only invest in designated small-risk and small-return projects. Zhao Yan also established a special department to help banks recover bad debts.

At the same time, a deposit insurance system is established. This is a financial security system. It refers to a system in which various types of deposit-name financial institutions that meet the conditions are concentrated to establish an insurance institution. Each deposit institution, as the policyholder, pays insurance premiums to it according to a certain deposit ratio and establishes a deposit insurance reserve. When a member institution encounters a business crisis or faces bankruptcy, the deposit insurance institution provides financial assistance to it or directly pays part or all of the deposits to the depositor, thereby protecting the interests of the depositor, maintaining bank credit, and stabilizing the financial order.

This security system can curb the financial crisis caused by banks and block its spread.

At the same time, the Department of Finance was established at Denley University to cultivate talents in this field.

As of September, Shandong has established five banks, and these five banks cooperated with Denglai Bank to start building a financial network in Quandaming.

Every bank issuing silver dollars supplied by the Mint, and free of charge to obtain silver and pure copper for the Mint. The Mint can be said to be full of power and process currency for 24 hours a day.

For Zhao Yan, the speed of making money this year is much faster than spending money.

And it was much faster, so Zhao Yan started to spend money everywhere.

There are many ways to spend money, the most basic one is infrastructure construction, and Zhao Yan is no longer a fool. He no longer needs any cabinet loans, so he directly took out 30 million taels to pour it into water conservancy.

Anyway, it’s his who is the cabinet, and it’s his. The target of the cabinet’s loan is the bank, and it’s Zhao Yan’s recognition of the bad debts.

Now that I have money, I naturally don’t need a cabinet to borrow money from the bank. There is no return rate in water conservancy, because there is still not much profit. Agricultural tax is the only profit, and agricultural tax may not necessarily repay the money, so Zhao Yan paid the money first.

Zhao Yan now has basically no money, except for building non-return infrastructure. What needs money is nothing more than education and military, which are more than enough compared to this year's fiscal revenue.

Most of those investment projects with returns have been invested by Denglai Bank.

Denglai Bank, which recovered funds, quickly launched a new round of investment. Denglai Bank is a bank that Zhao Yan completely controls and has now absorbed nearly 80 million taels of funds.

I lent 20 million taels to the cabinet before, and 10 million taels were used to maintain operations, and the remaining 50 million taels have basically been invested.

Denglai Bank is very cautious in investment, and the projects it invests are basically stable projects.

These stable projects are divided into two types: huge profits and non-bidden profits.

In terms of profit-making industries, such as steam engines, Denglai Bank has invested in Denglai Steam Engine Manufacturing Factory, which gives the steam engine manufacturer sufficient financial resources to expand its production scale. Of course, the investment scale accounts for a very small proportion. In addition to steam engine manufacturing, it also invests in factories whose productivity has been greatly improved due to steam engines. Investment in steam engine manufacturing plants is the prerequisite, because there is a steam engine that can produce leaps in productivity and generate huge profits.

First of all, the industries that are invested in are naturally the industries of various commercial departments. With the injection of bank funds, Zhao Yan just needs to wait and collect the money, and there is no need to invest money in it.

For industries that the Ministry of Commerce does not involve, such as those that the Ministry of Commerce does not involve manufacturing and can be produced by steam engines, the bank will also take out money to find a private joint venture to set up a factory or lend a loan to a private factory.

Generally, joint ventures are real manufacturers. It is impossible for those empty shell manufacturers to let banks jointly invest. At the same time, the products produced must have relatively good prospects, so banks will pay for joint ventures.

Those manufacturers with insufficient funds will seek joint ventures with banks, while some manufacturers just lend money to banks, each with their own choices and benefits.

As the current situation of steam engines is in great shape, Denglai Bank has made great investments in manufacturing.

At the same time, Denglai Bank also invests in minerals. Since the armed police force has entered various provinces, Denglai Bank's investment projects can be guaranteed by force and will not be destroyed. Therefore, it cooperates with mining companies under the Ministry of Commerce to conduct exploration and mining in various places.

The Ministry of Commerce did not have enough funds to mine minerals on a large scale, so the capital injection of Denglai Bank gave the Ministry of Commerce the capital to mine everywhere.

Denglai Bank also involves investment in transportation, roads and railways, and investments in transportation have been taken over by Denglai Bank, and a large amount of funds have been invested in the construction of highways and railways.

Highways and railways are profitable, and road fees can be collected after completion, but the return rate is relatively fixed. According to the current savings interest rate, the return rate of railways and highways is 20%, that is, after adding the cost of savings interest rate, you can only charge more than 5% of the total road fees. Once the collection is full, the road will stop tolling and the railway will enter a parity operation state without loss.

At the same time, Denglai Bank also invested in the construction industry and spent a lot of money to bet on the construction industry. Of course, this is Zhao Yan's idea. With the current development direction, the construction industry will surely flourish in the future.

Not to mention the future, for now, once steel and cement are produced, there is no need to worry about not being able to sell it. The construction industry has gradually become one of the pillar industries with the economic development of Shandong.

Denglai Bank spent money everywhere to repair projects, which also contributed to the fuel. This is also a two-sided person. If the construction industry is not prosperous, how can the project be repaired? If the project is not repaired well, how can the investment be recovered?

All steel bases and cement manufacturing plants have received funds from Denglai Bank. By September alone, the Ministry of Commerce established six large steel companies in the Ming Dynasty, and cement factories were spread all over the place.

In addition, Denglai Bank is also actively injecting capital into shipyards. It is very easy to inject capital into shipyards that have achieved the requirements for operating assessments.

Except for the loaned funds, the deposits absorbed by Denglai Bank are basically invested in these promising industries. They are all projects with insurance and stable quality, and in terms of profits, they are profitable and guaranteed.

Investment in transportation belongs to the category of investment that can only guarantee capital. There is no huge profit, but it is absolutely insured. When the bank's funds cannot find an investment partner, transportation is a good choice. If all the money is kept in the vault, it will lose money because the savings interest rate is relatively high.

Due to the large number of long-term investments, although bad debts are impossible, and Zhao Yan has higher requirements for bank operations while investing continuously.

When most of the funds are invested, if there is a run, there will be a crisis in the Denlai Bank, which will affect all aspects and cause a bank crisis.

Therefore, it is necessary to prevent malicious dissemination of false information. At the same time, Denglai Bank should strengthen its management to prevent insufficient cash reserves of each branch.

The bank's money itself is not as much as before, so the meaning of strengthening management is to "demolite the east wall and repair the west wall" to avoid loopholes that cause panic among depositors and runs.

However, Denglai Bank has not yet been opened to various counties and places, and there is still a large amount of funds among the people who have not absorbed them. Therefore, when the funds are constantly absorbed, the funds will still be sufficient and the ability to resist bank runs is relatively strong. As long as management is strengthened, it can prevent bank runs from disasters.

This type of defense defense model is that all depositors borrow money, but they do not borrow usury. Although the interest rate is relatively high, it is not too high to an outrageous level, but a moderately acceptable range.

The depositor's money is still there on the surface and can be used, which is like the money has doubled and is taken out by the bank for investment.

If you invest well, you can create material results that are higher than the investment value, which creates a momentum of accelerated development. If you invest poorly and lose money, although your development will also accelerate, you are a bad person. The model of tearing down the east wall and repairing the west wall will sooner or later be ruined.

Due to the emergence of steam engines, productivity has been greatly improved. Even if there are some bad debts in Denglai Bank's investment, it will generally be full of popularity as long as you wait for a while.

Among the investment projects, the Ministry of Commerce accounts for 30% of the loans, and the Ministry of Commerce accounts for 20% of the shares. Transportation investment is 30%, private lending is 10%, and private equity is 10%.

The share of private shares is the smallest, but they all choose the most important part, and they are also the type that is stable to make money and not lose money.

At the instructions of Zhao Yan, Denglai Bank adopted a withdrawal appointment system to prevent bank runs. Any withdrawal of more than 5,000 taels of cash must be made 7 days in advance.

Generally, people use silver notes issued by Denglai Bank. The anti-counterfeiting ability of silver notes is very high. Because the paper surface of the silver notes is relatively large, the text on them uses specially carved poetry templates and templates of various patterns. They are all carved by famous teachers. It is almost impossible to carve such a complex and identical template.

Silver notes have the name of paper money, but they are different from paper money. They have a larger denomination and larger size, so they have more anti-counterfeiting and more complicated things.

As Denglai Bank opens more and more branches and becomes more and more dense, the number of people who exchange large amounts of cash bank has begun to decrease. The appointment system does not affect transactions. If you want to trade, you can trade with bank notes. No matter what kind of merchant is, you will accept and recognize bank notes.

In this way, the bank can learn about the total amount of large amounts of cash withdrawals in the next seven days, and then coordinate with the surrounding branches or branches and head offices to transport the cash to the place under the escort of the armed police force.

Those small withdrawals must be fully guaranteed, otherwise rumors will inevitably arise, resulting in a run.

This year, with the continuous spending of money from Denglai Bank, there are projects, factories and mines everywhere, so workers are recruiting everywhere.

In addition to recruiting immigrants in other provinces, the recruitment bureau is also recruiting workers everywhere. Farmers who lost their land and their homes due to bankruptcy were recruited in large quantities by Shandong, and tens of millions of people entered factories and went to construction sites.

Its main forces are construction and infrastructure construction projects, as well as shipyards and manufacturing industries.

The large-scale capital injection of Denlai Bank directly or indirectly, supported at least four or five million families.

In turn, the demand for agriculture has increased, and the large number of recruitment and immigration has reduced agricultural production to a certain extent and greatly stimulated agricultural production.

At present, there is an atmosphere and motivation for agricultural production. The problem is that there is no infrastructure yet, and an industry without agriculture is just a castle in the air.

Therefore, Zhao Yan, who had too much money to spend, spent another 20 million taels of water conservancy.

What you spend now is money.

(To be continued)
Chapter completed!