Genshin Impact: A Red Teyvat Life Starting from Zero

Including Ningguang, they had indeed stopped focusing on this after the failure of the [Licensing Ticket].

As for other issues, Ningguang doesn't consider them problems at all.

For example, the issue of the material used for banknotes.

Liyue's papermaking technology is quite good, and there are quite a few types of paper that meet the requirements of being wear-resistant and not easily damaged by water.

Another example is the problem of paper money being easy to counterfeit.

Yes. That is indeed a problem.

However, there are solutions.

It is produced using raw materials unique to Liyue, with control over the flow of raw materials, control over the manufacturing process, and use of exclusive dyeing techniques.

Furthermore, banknotes can be printed with serial numbers.

While it may not be possible to completely eradicate them, especially against a technologically advanced organization like the Fools, as long as the numbers remain below a certain threshold, they will not cause any serious consequences.

As long as the source is strictly controlled, it will be fine.

As for promotion and public acceptance, Ningguang is not too worried.

She already had an idea in mind.

That is to gradually reduce the monetary attributes of the morra and decrease its circulation.

As the commercial center of Teyvat, what if only paper money issued by Liyue was allowed to circulate within Liyue?

What if Liyue merchants only accept paper money and not Mora?

She was confident she could do it.

Once people have experienced not having to carry around heavy mora, will they choose paper money or mora?

In addition, the paper money is pegged to Mora and can be freely exchanged for Mora. It is also guaranteed by the reputation of the Golden House and Liyue.

To eliminate people's doubts to the greatest extent possible.

They only need to determine the exchange rate with Mora.

As for things like damage... we can wait until the others arrive and discuss it together.

Secondly, there are problems with the banks themselves.

There is also the issue of Northland Bank potentially engaging in unfair competition.

It's very easy to operate.

If there's a Golden House in Liyue, then go somewhere outside of Liyue.

Outside of Liyue, exchange enough paper money for Mora until the Mora at the local Liyue bank is depleted.

As for solutions, um...

Ningguang considered possible countermeasures.

That's easy to say.

Large-amount exchange reservation system.

You can also add fees such as exchange handling fees to make up for the losses.

The most crucial question is how banks should make a profit.

With interest, transportation, and labor costs all contributing significantly to expenses, how can banks make a profit?

Turn the page and continue reading.

The following section details the specific operational methods.

In Jiang Ming's mind, banks were positioned as entities that concentrated their resources on major tasks, relying on operations such as investment and loans.

For example, if there is a great project, but the chamber of commerce or someone else doesn't have the money to do it, then the bank will provide the funds, the other party will handle it, and both parties will agree on the investment ratio. Once the project is completed, the profits will be split between the two parties.

For example, if Liyue wants to repair a road but doesn't have the money, they can estimate the value of the road beforehand, and if it's worthwhile, they can borrow money from a bank to repair it.

After the road is repaired, the profits generated from it will be used to pay off the principal and interest.

Or for other projects with more tangible returns, you could simply involve the bank in the profit sharing.

There are also investment and equity participation options, or other similar activities.

For example, real estate.

Jiang Ming wrote down basically everything he knew about how the bank operated.

Ningguang looked at the content and realized that it did indeed mention her, but it wasn't that amazing.

Many of the things in it actually have prototypes in Liyue.

It's just that it's not done by professional financial institutions like banks, but between families, chambers of commerce, or other organizations.

A major drawback of this approach is that it has a high barrier to entry, low efficiency, and a low ceiling.

The banking system undoubtedly solved this problem.

Firstly, the high barriers to entry can be alleviated to some extent, shifting the focus from prioritizing relationships over value to placing more emphasis on value.

However, the issue of collateral remains to be discussed.

Secondly, there's the issue of cash.

There are no large amounts of cash stored among families and chambers of commerce. Most of it is either in circulation or converted into assets. Even if there is any, each family keeps it separately, and no single family can take out much at a time.

Banks themselves encompass all aspects of storage and circulation.

This is a huge cash pool.

Even a few companies working together can't accomplish as much as a bank.

For Ningguang, the establishment of the bank was a very good thing.

If she wants to do something in the future, she can reduce her dependence on those big families.

As for its own operation, by casting a wide net and catching as many fish as possible, as long as no major mistakes occur, it should be difficult to shake its fundamentals.

Further on, it discusses the bank's other functions and revenue streams.

What puzzled Ningguang was that, judging from the content above, banks should be positioned more as financial services than as profit-making entities.

Based on Ningguang's experience, those miscellaneous ways of making money are probably limited, and it's questionable whether they can even cover the interest on bank deposits.

The main ways to make a profit are nothing more than the two mentioned above: investment and lending.

Both of these are familiar to business people, as they are things that business people often deal with.

However, given the size of the bank, ordinary investment and lending are clearly insufficient to meet the needs of its operations.

All she could think of were things like opening up new trade routes and developing new mines.

Um?and many more!

Is this all part of expanding production?

She thought of the word "productivity" that Bei had repeatedly mentioned in his previous books.

In this knowledge system, productivity is regarded as the source of wealth.

Therefore, the capital operations of banks should ultimately be used to develop productivity and thus create wealth.

Is the positioning of financial services actually to serve productivity?

It appears to be a virtuous cycle.

Ningguang turned to begin a further conversation with Yamagami Hideo.

In response, Hideo Yamagami pulled out a bid document from his briefcase.

Several proposals for establishing the Liyue power grid and achieving electrification in Liyue

"Lady Ningguang, we Inazuma are the land of lightning, so it's reasonable for us to possess some of the power of lightning, isn't it?"

Chapter 43 Oh my god, the Emperor has crossed the sea!

Ningguang glanced at the proposal, then at Hideo Yamagami.

Let's take another look at the proposal, and then at Hideo Yamagami.

Besides the Eye of God, are there other ways to master the element of lightning?

"Um……"

This proposal is indeed very attractive.

From what Ningguang sees alone, this is a complete and mature system.

From production to transportation to use.

Power plant - power grid - electric lights, trams, electric drills, electric picks, electric welding, etc.

Electric drills and picks are essential production tools for Liyue, a nation whose core business is mineral production.

Ningguang recalled the clockwork mechanism in Fontaine from the past.

The people of Fontainebleau did design the kind of spring-loaded mechanism specifically for mining.

The mining is highly efficient and requires no rest.

Back then, Liyue was very interested in these clockwork mechanisms, but they became unusable once they left Fontaine.

They had no choice but to give up.

Currently, although they don't have a clockwork mechanism yet, if they used something like an electric drill or pickaxe, even if miners were still needed, production efficiency could be greatly improved.

Furthermore, could we develop something similar to the Fontaine Clockwork Mechanism based on lightning?

Since the Inatsumi people are confident that their power system can be used in Liyue, does that mean that if they develop something similar to a clockwork mechanism in the future, they can also use it in Liyue?