Shen Yan, a modern bond investment banker, suddenly traveled through time after working all night to revise the prospectus and became a minor official in Yizhou Prefecture during the Tiansheng reign of the Northern Song Dynasty.
At this time, Chengdu was prosperous in commerce, iron money was heavy, and folk exchange shops were all over the market. Rich businessmen used their friends to amass wealth, the government borrowed trade routes to raise wages, border troops waited for grain, salt merchants waited for inducements, and the common people waited for money. The seemingly prosperous Shuzhong has actually been pushed to the brink of credit collapse by false claims, bank runs, forgery, government-business collusion, and pressure from border wages.
Shen Yan originally just wanted to survive, but due to a Jiaozi bankruptcy case, he was involved in a financial secret war between Yizhou Prefecture, the Transportation Department, the Third Department, the Cargo Service, the border army and wealthy merchants. He discovered that bonds, redemption, credit, guarantees, information disclosure, and liquidity crises that he was familiar with also existed in the Song Dynasty a thousand years ago.
But there are no regulations, no modern banks, and no back-and-forth promises.
A piece of paper can save a trade route, but it can also destroy people's livelihood; a piece of salt can revive border troops and enrich the powerful; a piece of financial issuance can save a city, but it can also defeat a country.
Shen Yan started from Jiaozipu accounting office and established payment preparation, bill verification, merchant rating, border reserve compromise, salt banknote management, financial budget and credit restriction system, and finally participated in the creation of the overhead organization "Jiaoyin Department".
What he wants to do is not to invent paper money, but to make this era understand for the first time:
Credit is not printed, it is redeemed.
