Siheyuan starts from a better life

Chapter 1162 Oligarch
"What are the specifics?" Jiang Yan asked
"Among the first ten banks are your Hang Seng Bank, Bridge Bank, International Commercial Bank, Capital Savings Bank, Alfa Bank, Menatep Bank, Bank of Commerce, Bank of Gazprom, UniCredit Bank, and Societe Generale."

Hearing these names, Jiang Yan suddenly felt like his head was about to explode. It was not the banks that had problems, but the hands behind the banks that had problems. Among these ten banks, there were six of the seven oligarchs of the previous life of Russia. It could be said that except for Arov, the other six oligarchs had all made their appearance.

Looking at the two people sitting there, Jiang Yan smiled bitterly. He really didn't know how they would feel if they knew that the oligarch who would dominate Russia in the future was pushed forward by them.

"Can we add another bank?" Jiang Yan thought for a moment and then asked.

It would be better for all seven oligarchs to appear together than for six of them to appear. This is the right track of history. Jiang Yan does not think that he is one of the oligarchs. At least, his foundation is not here. He must put forward someone who can represent his interests here. Obviously, Arov is qualified, so he also decided to support Arov to establish the United Bank.

"Do you have other banks on hand?" Chubais asked.

"Our relationship is well known. If you rely on my relationship, a large part of the government's funds will probably go to my bank, which will easily cause dissatisfaction in other banks and hinder fairness, which is not good for you. Now is a critical period. Any stain will become a target for others to attack you. It is better to set up a bank and transfer the part that originally belonged to me to this bank, that is, transfer from one hand to the other. I decided to separate Arov and set up a joint bank. I can hold shares in it, and we can also hold shares ourselves, but they are hidden shares. Do you understand?"

"We are doing this for the dream of Russia, not for money." Chubais
"You have to have ideals and eat. Even if you don't eat, what about your family? You can't be a leader for life. After retirement, you have plenty of money and can travel around. You can't be so pedantic. We don't embezzle or accept bribes. It's harmless to get some benefits for ourselves within the scope of common efforts. Not only you have shares here, Boris, Luzhkov and others also have them."

"As you know about my situation, I am not short of money. I want to leave you a way out. The shares will be signed secretly and the money will be deposited in a Swiss bank. On the surface, this has nothing to do with you."

Jiang Yan's words seemed to be from the bottom of his heart, and they both felt uncomfortable listening to them. They felt that Jiang Yan was really their friend, who had considered everything for them and even planned a way out for them. They thought it was good to have such a friend, so they agreed, but at the same time they felt that they owed Jiang Yan more.

In fact, Jiang Yan was worrying too much. In fact, it was not accidental that these people could become oligarchs. It was because they had too many means behind them. No matter who they chose, these people would eventually become the seven oligarchs. They just accelerated the growth of the oligarchs.

This is a causal sequence where the chicken comes first and the egg comes later.

But to be honest, Jiang Yan was not optimistic about the franchise bank plan. In other words, he was not optimistic about their backup plan, and felt that the first plan was more reliable.

In fact, their original intention was good. Finance and banks are indispensable for the normal operation of a country. They even awarded so many franchises to ten banks at once, in order to allow these banks to fully compete with each other and avoid charging high interest when lending funds to enterprises.

But Jiang Yan really wanted to say that they thought too simply. They also felt that the financial industry was too shallow.

The policy is good, but the people who implement it may not be. No matter how good the policy is, once there is a problem with the people who implement it, it will only lead to a very bad result.

The original intention of the chartered bank was to allow enterprises to obtain funds through the bank to develop their enterprises and produce more goods for Mao, which is a good thing.

But the problem is that later data show that these individuals or companies that received loans did not do so. After receiving the money, they did not use the money to operate their businesses, but used the money to buy other businesses, and then sold these businesses to foreign capitalists, or directly sold them as scrap metal.

Because the profits they can get by doing this are far greater than the profits they can get from running a normal business, and the money comes quickly and the turnover cycle is short. Capitalists are greedy.

And because they can make money quickly and easily, they can often accept higher bank loan interest rates. Banks are naturally profit-seeking, and they will lend money to whoever offers the highest loan interest rate.

As a result, those who really want to run a business diligently are unable to obtain loans from banks because their profits are not high enough, the money does not come in fast enough, and they cannot afford too high interest rates.

This is also the so-called process of bad money driving out good money.

Jiang Yan once saw a statistic that the Central Bank of Russia issued hundreds of billions of dollars of funds to these chartered banks every year, of which only 1.2% was loaned to normal business owners and the real economy, and the remaining 90% of the funds were loaned to speculative, short-term transactions that could easily make money, and the remaining % was issued to import and export businesses.

Even if Gaidar and his team did not allow foreigners to participate in the privatization of Russia from the government level, that is, foreigners did not have the qualifications to buy Russian companies at a low price from auctions, foreigners could buy Russian companies from other Russian people or companies. Although Gaidar and his team did not want to see this, they could not stop it.

You have to know that in order to get closer to the Western world, Russia in the Boris era lost all its dignity and kept trying to please the United States and other developed Western countries.

There is also the speed of depreciation of the Russian exchange rate that Jiang Yan had considered before. He could make a lot of money without doing anything. In fact, the operation was quite simple. The franchised bank would find a way to exchange the money given by the Russian central bank into US dollars or commodities.

Jiang Yan roughly calculated in his mind just now. Although the current rate of depreciation of the RMB exchange rate is not as crazy as before, the money received at the beginning of the year, when it is repaid at the end of the year, even if it is still the same amount of money and interest has to be added, the actual value is only equivalent to one-fifth of the beginning of the year. The remaining four-fifths will become the bank's own money due to the depreciation of the exchange rate.

"Jiang, do you have any other questions?" Seeing that Jiang Yan was slow to express his opinion, Chubais became a little impatient.

Jiang Yan smiled slightly, revealing four white teeth, "I have no objection, I totally agree."

Indeed, as mentioned above, there are big problems with the franchise policy, but the question is, why does Jiang Yan oppose it? No matter where you sit or what you say, your head is never as important as your butt.

(End of this chapter)