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Chapter 340 The bond that caused a sensation in the whole of Daqin

Kuaiji County, Wu County.

Looking at the latest news coming from Xianyang City, the courtiers were a little confused at the moment.

"What is this bond?"

Feng Quji had a look of confusion on his face. He just felt that he was really behind the times. He really couldn't understand all the new things and new terms created by Ying Yu.

"The so-called bond is actually a kind of IOU issued by the government, which stipulates the amount and repayment date, and will give a certain interest."

"In fact, when the Da Qin Royal Bank was opened, His Highness the Crown Prince had proposed the idea of ​​giving a certain interest on deposits. However, in order to allow foreign merchants to deposit their money in the bank as much as possible and facilitate the passage of money bills, it was not implemented for the time being."

"And this bond is actually just like the interest on deposits, it is a means of attracting funds."

Nestern studied the letter for a long time, and then proudly explained it to everyone.

"This...if the treasury lacks funds, it can just allocate them directly from the bank. Why do we need to issue this bond and give so much interest for nothing?"

Feng Quji frowned and said.

This is a starting capital of tens of millions of dollars. Even if the interest is not even 10%, it is still a huge amount of money.

"Didn't His Royal Highness the Prince say in the letter that this is to standardize the bank's capital utilization system.

If there are no certain restrictions, it is likely that bank deposits will be abused, causing the bank's reputation to be damaged, and then the gain will outweigh the loss."

"And giving the people a certain amount of interest can also allow them to truly feel the benefits brought by the development of Daqin. Anyway, when the people have money, they either deposit it in banks or use it for consumption to increase business taxes. No matter how you calculate it, you will not lose money.

That’s it.”

Nesten quickly continued to explain.

"It is very good to hide wealth among the people and eventually return it to the Qin Dynasty."

Ying Zheng was very satisfied with the saying that wealth lies in the people.

In addition to Nei Shiteng, Ying Zheng also often discusses financial knowledge with Ying Yu. Therefore, Ying Zheng sees more clearly than anyone else the principle of making the people rich and the country strong.

As the first emperor of the Qin Dynasty, Brother Zheng understood the importance of people's hearts.

If all the people in Da Qin can live and work in peace and contentment, the people will definitely be grateful to the court, and then Da Qin will be able to remain stable.

Taking advantage of the time when Ying Zheng and Ying Yu's prestige is at its highest, they have laid down many laws and regulations. Even if future kings are ineffective, as long as they follow the path pioneered by their predecessors, even if they cannot develop greatly, they can at least maintain it.

This is indeed the most beneficial choice for Da Qin Qianqiu's foundation.

"To put it bluntly, this bond is to distribute money to all the people of Great Qin, so that the people in the inland can also enjoy more benefits of the development of Great Qin, and everyone here can also subscribe and earn guaranteed interest, why not?

"

Dunruo reminded the officials with a smile.

He is a die-hard fan of Ying Yu and comes from a poor family, so he naturally understands the significance of this stable interest income to ordinary people.

"I agree with the plan proposed by His Royal Highness."

Feng Quji looked at the other important ministers who looked unkind, and quickly stood up to express his position.

Due to Ying Yu's relationship, the courtiers had shares in various major projects. After the dividends were distributed this year, they had a lot of self-funded funds.

However, although the courtiers had money in their hands, they did not have much time to take care of it due to their busy government affairs, so they could only deposit it in banks.

Now we finally have a legal channel to increase income. If Feng Quji destroys it, then Feng Quji, the minister, will really become the public enemy of the courtiers.

Moreover, Feng Quji himself is not a saint. He also wants this kind of interest, which is like picking up money.

"Since none of you have any objections, please reply to the prince and let him go ahead and do it."

"Also, since I have appointed the prince to supervise the country, next time something like this happens, just let him make the decision on his own and don't bother me with everything."

Ying Zheng drank ice-cold Coke leisurely, and his comfortable appearance made Feng Quji and others drool.

Unfortunately, this Coke is too expensive. It is said that there are only a dozen bottles in the world, so they can only watch it.

As for Ying Zheng's devolution of power, the court officials were not surprised.

What the courtiers are most concerned about now is this bond.

The excessive transfer of power in the Qin Dynasty has become a foregone conclusion. If you have time to spare, why not study how to make more money?

Opportunities to legally increase your income do not come along very often.

And using various means, does it really mean that the First Emperor, who is now in a good mood because of his father's kindness and son's filial piety, has put down his sword?

Moreover, the temptation of the Heroes' Pavilion was really there, and it was too late for the courtiers to please Ying Yu.

...

When the news came out, the entire Qin Dynasty, especially the counties in the north, was immediately shocked.

"As expected of His Highness the Crown Prince, he is indeed a very generous person!"

"What a big deal? Has the Northern Grand Canal been confirmed to start construction? Which line?"

"Don't worry, His Royal Highness has already decided that the three most popular lines will be repaired at the same time!"

"Let me go, three lines are being built at the same time. The amount of this project is at least twice as large as the Jiangnan Grand Canal!"

"It used to be, but it is said that the Jiangnan Grand Canal will also be expanded to a double track!"

"Since when did we, Da Qin, become so rich? How much money and manpower will it cost to build so many grand canals at the same time?"

While the people were amazed, they also couldn't help but become confused.

Although Daqin's development continues to accelerate, it is still beyond everyone's imagination to start so many super projects at the same time.

"As for manpower, Daqin Daily has announced that in addition to the coolies of the Mauryan Dynasty, millions of hired workers will be recruited from counties and counties along the route, and the wages will start at fifty yuan a month!"

"As for money, His Highness the Crown Prince has set an example by directly providing 10,000,000 yuan in funds and proposing to issue 30,000,000 yuan in bonds for one year with an interest rate of 10%. All Daqin people can go to the Royal Bank to subscribe."

"If you give me 10% interest for a year, isn't this a gift?"

"You are indeed right. His Royal Highness's original intention is to give money to us common people.

His Highness’s original words are to allow all the people of our country, Da Qin, to share in the benefits brought by the country’s prosperity.”

"And this time, the bonds will give priority to the people in inland counties and counties. In order to limit the large-scale panic buying by merchants, a limit of no more than 100,000 yuan per person has been set, just to prevent the interests of the people from being harmed."

"His Royal Highness the Crown Prince is indeed thinking about us and other common people all the time!"

Everyone who heard it became excited.

With a 10% annual income and government credibility guarantee, this is really giving money to bond buyers!

Although merchants' profits from doing business will be higher than this, doing business is risky, and sea trade is not so easy to squeeze into.

Not to mention ordinary people, even many powerful people would be tempted by a solid income of 10% a year.

Originally, everyone was worried that such huge benefits would be squeezed out by the powerful.

But His Highness the Crown Prince has obviously already considered this, and has limited the purchase limit for a single person, just to allow more people to actually distribute the benefits.

How could such a prince not make the people grateful?
Chapter completed!
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