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Episode 1: New Arrival Chapter 638: Full of Confidence

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    In fact, the fact that Jin Wanwan and Huichang Yinhao planned to exchange money in different places did not have much impact on ordinary people whose activity range did not exceed 20 miles. It was more of a whimsical conversation piece.  Those who were really shocked and had personal feelings were mainly officials, merchants, and other bank shop owners.

    ??For officials, first of all, 99% of them are outsiders, and they will return to their roots after becoming official. The capital is just a place of residence, and they are also a group with a lot of money exchanges, so they have a real need for long-distance exchange.  Secondly, there are some subtle politics behind the foreign exchange, and officials cannot help but pay attention to it. Don't forget that the amount of silver exchange between the imperial court and local governments is also huge.

    ??????????????????????????????????????????????????????????????? For merchants who go to the capital to do business, if they can realize long-distance exchange with their hometown, it is of course a great thing and will definitely be warmly welcomed.

    For other bank shop owners, this shock is not due to their own needs, but the shock of feeling strong competitive pressure as peers.

    Although there are different names of silver shops, money shops, account bureaus, and banks, they all rely on money deposits and loans. There are about dozens of them in the capital, and most of them are owned by Western merchants.  Although there are slight differences in business directions, they are all localized.

    If one company can stand out and successfully implement off-site operations, it will inevitably become the industry leader and grow stronger, and other companies will be squeezed.  Once a company in this industry has a good opportunity, its development will snowball as fast as a snowball. Therefore, as long as other companies in the industry have a little foresight, they cannot but be shocked.

    In fact, businesses such as silver shops, money shops, banks, and accounting bureaus have long appeared in the dynasty.  Banknotes have been used in the capital for a long time.  However, the banknotes issued by each shop can generally only be used in the capital and surrounding areas. When traveling to other places, you have to rely on white cash to make a living. No one uses or trusts the banknotes issued by banks in the capital.

    ¡°However, in the minds of practitioners, the concept of universal payment and banknotes in different places has not never appeared before, and everyone understands the benefits of this.  As the largest market in the world, the capital and other places generate more than 10 million yuan in commercial transactions every year.  If payment can be made in other places, the profit will be considerable. Li You, a time traveler, is definitely not the first person to come up with this idea.

    But ideals are beautiful.  It is difficult to achieve it, enough to discourage all financial industry operators so far.

    First of all, you need to have strong financial strength in both places where exchange is opened.  To put it bluntly, there must be sufficient capital to undertake the business at both ends.  Both places are indispensable, otherwise it will be no different from the old-style bank and silver shop whose business scope was limited to one place.

    These days, most people have lived in the same place for generations. Even if many businessmen travel across the country, it is difficult to establish roots and establish influence in two places at the same time, so that they can pay each other.

    Secondly, you must have enough credit, credit is the foundation.  This credit refers to, firstly, the mutual trust between the two local banks that carry out remote payment, and secondly, to the fact that customers also have trust in the bank that promises remote payment. If one of them is missing, it will not work.

    The latter kind of credit is still easier to get.  But it is difficult to achieve the former type of mutual trust between the two places.  Only when we understand each other can we have trust, and if we don't understand each other can there be no trust. With the communication conditions of this era, it is difficult to understand each other when we are thousands of miles apart.

    "In the time and space of Li You's previous life.  About a hundred years later, when the wealthy and powerful Shanxi merchants opened a bank account, they adopted the model of a master branch and a branch office. Each branch office was owned by the same owner, so there was no problem of trust between them.

    But Li You didn¡¯t want to follow this model. He didn¡¯t have the financial resources, nor had he accumulated enough manpower to organize the world.  certainly.  Daming has the characteristics of Daming, and Li You also has his own methods.  ¡­,

    The Mingli Daily published three consecutive issues on its front page hyping up the prospects of cooperation between Jin Wanwan and Huichang Yinhao, touting and praising them to the best of their ability.  Under the bombardment of this kind of media that is unique in this time and space, a pool of spring water has turned into an undercurrent.

    But he said that Gao Da Yuanwai had been pestering Jin Wanwan for the past two days and was determined to ask Jin Wanwan to introduce him to Li You.  As a person who is keen on socializing with powerful officials, Gao Yuanwai found that Mr. Li was worth making friends with, and with Jin Wanwan as a middleman, of course he would not miss the opportunity.

    However, Jin Wanwan remembered what Li You said and deliberately suppressed it for two days before taking Gao Changjiang to see Li You.

    Although Mr. Li's attitude was very cold and distant, it seemed that he only took the time to see him for Jin Wanwan's sake.  But he has been thinking about it. Tomorrow's Pravda will have a headline on the front page. Hankou tycoon Gao Changjiang behaves mysteriously, which is suspected to be related to the banknote exchange layout.

    This is a good hype subject.  From a national perspective, the canal route from Beijing to Yangzhou and Suzhou and Hangzhou is the main north-south commercial line, and the Yangtze River route from Hankou to Yangzhou is the main east-west commercial line.

    ?Arousing collective resentment and hostility among Western merchants would inevitably add a bit of trouble.  She is not afraid of these troubles, but it is too much.

    Faced with his mistress¡¯ worries, Li You said confidently: ¡°There is no need to worry too much, I have my own considerations. Everyone has nothing to say about keeping it safe, and we are still the leader in this industry.¡±

    Mr. Li's handsome face shone with confidence, making Princess Guide feel dazed for a moment. This lover was becoming more and more important.  If I hadn't taken the initiative to call him over for questioning this time, I'm afraid he didn't want to use me at all?  Welcome to come and your support is my biggest motivation.  )

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