The reforms in Tianjing proceeded methodically. Several banks were officially renamed, such as the Southeast Bank and North Province Bank, and listed on the Tianjing Exchange to further absorb silver from the market.
At the same time, massive recruitment drives and the issuance of banknotes half a month ahead of schedule provided an urgent boost to market liquidity. Ordinary citizens could now participate in three different types of investment: stocks, bonds, and savings. These developments also gradually began to influence the land economy surrounding Tianjing.
Due to labor shortages in the Tianjing market, the city began to absorb labor from the surrounding areas. Landless farmhands and laborers learned of the recruitment policies offered by major companies in Tianjing, and these companies dispatched recruitment agents to the countryside.
Chapter 487