[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"origin-i-transmigrated-to-the-northern-song-with-them":3,"chapter-i-transmigrated-to-the-northern-song-with-them-i-transmigrated-to-the-northern-song-with-them-chapter-77":6},{"origin":4,"title":5},"chinese","I Transmigrated to the Northern Song with Them",{"chapter":7,"nextChapterSlug":19,"prevChapterSlug":20,"totalChapters":21,"novelImage":22},{"id":8,"novel_id":9,"title":10,"slug":11,"index":12,"content":13,"wordcount":14,"created_at":15,"updated_at":15,"volume":16,"translator":17,"content_hash":18},2318967,4535,"Chapter 77: Ye Shi Yun","i-transmigrated-to-the-northern-song-with-them-chapter-77",77,"\u003Cp>…\u003C\u002Fp>\n\u003Cp>When Ye Shi Yun opened her mouth, Zhao Yu felt a headache coming: “Not again?!”\u003C\u002Fp>\n\u003Cp>When Zhang Chun and Li Lin first met Zhao Yu, from his perspective, their behavior was more outrageous than the last, practically comedic.\u003C\u002Fp>\n\u003Cp>To be honest, had Zhao Yu not exerted every ounce of effort to posture and accommodate them, they could never have successfully connected.\u003C\u002Fp>\n\u003Cp>Sometimes, Zhao Yu couldn’t help wondering: if one day the five women learned he was also a transmigrator, would Zhang Chun and Li Lin be so ashamed of their ridiculous behavior around him that they’d crawl into a crack in the ground?\u003C\u002Fp>\n\u003Cp>Now it was Ye Shi Yun’s turn; Zhao Yu had originally thought that, as a girl long hailed as a child prodigy, she’d make connecting with him slightly easier.\u003C\u002Fp>\n\u003Cp>But unexpectedly, Ye Shi Yun’s tone was just as grandiose.\u003C\u002Fp>\n\u003Cp>She even mentioned “money easy.”\u003C\u002Fp>\n\u003Cp>Zhao Yu didn’t know much else, but one thing he was crystal clear on: with money, you could solve the vast majority of historical problems—including dynastic decline.\u003C\u002Fp>\n\u003Cp>Shang Yang’s reforms in the Warring States period, Wang Anshi’s reforms in the Song dynasty, Zhang Juzheng’s reforms in the Ming dynasty, the Qing dynasty’s “land tax merged with head tax”—at their core, every reformer was doing the same thing: figuring out how to extract more money for the state.\u003C\u002Fp>\n\u003Cp>Raising money has been an eternal challenge; countless dynasties collapsed over it.\u003C\u002Fp>\n\u003Cp>And yet, Ye Shi Yun boldly claimed that raising money was easy?\u003C\u002Fp>\n\u003Cp>“These transmigrators—how conceited are they?”\u003C\u002Fp>\n\u003Cp>“Wait… I’m also a transmigrator…”\u003C\u002Fp>\n\u003Cp>Suppressing his irritation, Zhao Yu assumed his posture, ready to receive Ye Shi Yun’s connection attempt:\u003C\u002Fp>\n\u003Cp>“Oh? What is your wise strategy?”\u003C\u002Fp>\n\u003Cp>He couldn’t help wondering if Zhang Chun had corrupted their little group—Li Lin had followed her in playing mystic, and even logical Ye Shi Yun now spoke in riddles.\u003C\u002Fp>\n\u003Cp>Ye Shi Yun spoke with an air of profound mystery: “Your servant has three strategies: upper, middle, and lower. Which one, Your Majesty, would you like to hear?”\u003C\u002Fp>\n\u003Cp>Zhao Yu humored her: “What is the upper strategy?”\u003C\u002Fp>\n\u003Cp>Ye Shi Yun bluntly uttered seven characters: “Salt administration financialization reform.”\u003C\u002Fp>\n\u003Cp>Ye Shi Yun explained; Zhao Yu summarized; the implementation steps were threefold:\u003C\u002Fp>\n\u003Cp>First, upgrade Cai Jing’s historical “salt certificate system” into tradable, divisible salt futures contracts, allowing salt merchants to trade salt certificates at the Bianliang exchange.\u003C\u002Fp>\n\u003Cp>Second, issue five-year “Gold-Salt Bonds,” promising an annual six percent salt interest.\u003C\u002Fp>\n\u003Cp>Third, use the Shaanxi Jiachi salt fields as collateral to presell three million certificates (each certificate redeemable for 300 jin of salt) to wealthy merchants in the Jiangnan region.\u003C\u002Fp>\n\u003Cp>The economic principle: asset securitization solves the government’s immediate cash flow problem, intertemporal arbitrage attracts capital across regions, and collateralized securities enhance creditworthiness.\u003C\u002Fp>\n\u003Cp>Ye Shi Yun declared confidently: “If Your Majesty adopts this strategy, projected first-year revenue increase: three million guan.”\u003C\u002Fp>\n\u003Cp>Zhao Yu had expected Ye Shi Yun to propose something absurd, but she spoke with startling coherence.\u003C\u002Fp>\n\u003Cp>Moreover, according to Zhao Yu’s knowledge, during the Chongning era, salt tax revenue had already reached twenty-four million guan—fifty percent of total fiscal income. The Song Huiyao records that in Zhenghe Year Two, salt certificate trading exceeded five million certificates, with Jiangnan salt merchant capital exceeding twenty million guan. This suggested Ye Shi Yun’s plan was viable.\u003C\u002Fp>\n\u003Cp>As for whether Ye Shi Yun’s plan would actually work?\u003C\u002Fp>\n\u003Cp>Zhao Yu didn’t need to worry—he merely had to act as a messenger, shift the strategy subtly, and present it to his ministers for discussion.\u003C\u002Fp>\n\u003Cp>By the way, wasn’t this originally Cai Jing’s idea? Let Ye Shi Yun face off against Cai Jing—this would almost certainly succeed.\u003C\u002Fp>\n\u003Cp>All he needed to do was act as their intermediary. So easy!\u003C\u002Fp>\n\u003Cp>“Among these women, at last, someone sensible.”\u003C\u002Fp>\n\u003Cp>After hearing Ye Shi Yun’s idea, Zhao Yu immediately said: “This strategy is excellent. Shi Yun, draft a detailed memorial and submit it. I’ll take it to the chancellors for deliberation.”\u003C\u002Fp>\n\u003Cp>But Ye Shi Yun pouted, speaking in a coquettish tone: “Your servant is not skilled at writing memorials. What should I do~?”\u003C\u002Fp>\n\u003Cp>The other four women found her act distasteful; they thought: “This seductress—just arrived and already flirting! At her age, flashing her charms at a child—doesn’t she feel ashamed?”\u003C\u002Fp>\n\u003Cp>Zhao Yu deliberately indulged her: “I’ll have Jiao Jiao take you to Pei Sui to pick out several maids skilled in literature. Choose whomever you like—take one, take several, how’s that?”\u003C\u002Fp>\n\u003Cp>Hearing this, Zhang Chun spoke even more sweetly than Ye Shi Yun: “Your Majesty, your servant has no maids either~!”\u003C\u002Fp>\n\u003Cp>Zhao Yu laughed: “Everyone gets one!”\u003C\u002Fp>\n\u003Cp>Hearing this, the four women—except Ma Xiao Jiao—felt their suffering had finally ended; they could now live the life transmigrators deserved.\u003C\u002Fp>\n\u003Cp>Even if this plan worked, it would take at least a year and a half.\u003C\u002Fp>\n\u003Cp>But distant water cannot quench immediate thirst.\u003C\u002Fp>\n\u003Cp>So Zhao Yu asked Ye Shi Yun again: “Shi Yun, what is your middle strategy?”\u003C\u002Fp>\n\u003Cp>Ye Shi Yun replied: “Religious licensing auction…”\u003C\u002Fp>\n\u003Cp>According to her idea, Zhao Yu should issue an edict dividing the nation’s twenty-eight thousand temples into three grades and nine ranks, auctioning the appointment rights of abbots (five-year terms), while also opening public applications for the Purple Robe Master title (five thousand annually, each costing three hundred guan).\u003C\u002Fp>\n\u003Cp>The economic logic: state control of the religious market creates administrative monopoly rents; rigid religious demand supports the price system; non-tax revenue avoids scholar-official resistance.\u003C\u002Fp>\n\u003Cp>Ye Shi Yun declared confidently: “If Your Majesty adopts this strategy, projected first-year revenue increase: one million five hundred thousand guan—and it’s stable and controllable.”\u003C\u002Fp>\n\u003Cp>This tactic had historical precedent: in Daguan Year Four, the court sold thirty-four million monastic certificates (each at one hundred thirty guan); during Xuanhe, the black-market price for Purple Robe Master titles reached two thousand guan. The Song Criminal Code stipulated three years’ imprisonment for unauthorized ordination.\u003C\u002Fp>\n\u003Cp>As for whether this tactic would work, Zhao Yu still needed to consult his ministers.\u003C\u002Fp>\n\u003Cp>Zhao Yu asked Ye Shi Yun again: “And what is your lower strategy?”\u003C\u002Fp>\n\u003Cp>Ye Shi Yun said: “The lower strategy is an overseas trade options system.”\u003C\u002Fp>\n\u003Cp>Ye Shi Yun elaborated: “Establish an Ocean Trade Options Bureau in Guangzhou or Mingzhou, issuing South Sea trade monsoon options (spring and summer seasons). Each option priced at two thousand guan, redeemable for cargo space on a two-thousand-liao merchant vessel.”\u003C\u002Fp>\n\u003Cp>Zhao Yu vaguely recalled that during Xuanhe, Cai Jing had used this very tactic.\u003C\u002Fp>\n\u003Cp>Ye Shi Yun concluded: “If Your Majesty implements all three strategies together, first-year revenue could reach six million five hundred thousand guan: prioritize salt reform to absorb Jiangnan capital, then auction religious licenses to harvest northern wealth, and finally use maritime trade options to channel funds overseas. What does Your Majesty think?”\u003C\u002Fp>\n\u003Cp>Zhao Yu found all three of Ye Shi Yun’s strategies plausible; whether they’d work or not still required consultation with his ministers, for policies must always adapt to circumstances.\u003C\u002Fp>\n\u003Cp>But one thing was clear: none of Ye Shi Yun’s three strategies offered immediate results. Zhao Yu now needed to confront Liao and Xia aggressively—how could he mobilize troops or boost morale if he didn’t pay the soldiers’ overdue wages?\u003C\u002Fp>\n\u003Cp>So Zhao Yu, greedily, asked: “Shi Yun, do you have any strategy that can instantly earn me eight or ten million guan?”\u003C\u002Fp>\n\u003Cp>…\u003C\u002Fp>\n\u003Cp>(End of Chapter)\u003C\u002Fp>",1218,"2026-06-20T15:06:47.302Z",1,"Qwen3-Next 80B","83a3e81a75f9f2b5749ee6e01d806919435055cbd72deb4d880aec34fbeb8ab7","i-transmigrated-to-the-northern-song-with-them-chapter-78","i-transmigrated-to-the-northern-song-with-them-chapter-76",348,"https:\u002F\u002Fnovelzhen.com\u002Fimages\u002Fcovers\u002Fi-transmigrated-to-the-northern-song-with-them-cover.jpg"]