The First Warlord of the Republic of China
Chapter 7: Crazy Stock Crash
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In the end, spn couldn't hold on to Neimen, and they also realized that the rise of the Chinese alkali industry could not be stopped, so they had to reluctantly give a second plan.
That is to say, Pu Neimen Company gave up 80% of the market share in the Asian market, but Huadong Group was not allowed to continue to expand to other markets.In Asia, if there is any change in the price of soda ash of Pu Neimen Company, the consent of Huadong Group must be sought.
This cartel agreement is relatively reliable, and after signing, it can raise the price of soda ash to a monopoly level, and the profit will increase significantly. 80% of the Asian market (including Australia) can make Huadong Group a profit of 3000 million silver dollars a year. above.
Moreover, after the outbreak of the First World War, the remaining 20% of the Asian market of Pu Neimen Company will also disappear, and the current soda plant is not large, and it will take at least half a year to fully occupy the 80% market share. , so this agreement is very cost-effective for Jiang Yu.
In addition, Jiang Yu can use soda ash to produce more advanced products, such as dyes, and the profits will be higher. [
The competition with Pu Nei Men Company came to an end, but Jiang Yu's investment in other areas did not stop. When he participated in the Nanyang Quotation Association, Jiang Yu found the No. 1 Chinese banker in the future - Chen Guangfu.
Chen Guangfu returned to China after graduating from the University of Pennsylvania in the United States. He was responsible for handling some work of the Nanyang Quanye Association. corner.
Apparently, Chen Guangfu also understands that being the supervisor of the Bank of Jiangsu cannot realize his ideals, and if he works in the "East China Bank" established by Jiang Yu, he will have the "full power" promised by Jiang Yu and hold 5% of the shares.
Historically, Chen Guangfu was only a small shareholder when he ran a bank, and most of the equity was provided by others. With his financial resources, he could not run a bank at all. Chen Guangfu did not have any opinions on the issue of equity.
Moreover, I sighed with Jiang Yu all night, and found that Jiang Yu is also very proficient in banking business philosophy. The one-yuan account opening, zero deposit and one-time withdrawal, and one-yuan deposit and zero withdrawal proposed by him all coincided with Chen Guangfu, which made Chen Guangfu feel that it was too late to meet each other. It means that, and Jiang Yu has very strong capital, and he will surely be able to run the bank well by cooperating with him.
East China Bank was opened in Huaiyin and Shanghai immediately. At the beginning, the scale of East China Bank was not large, because the two parties decided after discussion that they should first focus on the cultivation of talents instead of blind expansion, otherwise troubles would inevitably occur.
Although Huadong Bank has just opened, its business is very good, especially in Huaiyin, even the most ordinary construction site workers, their wages are directly paid to the bank account, and they can get higher interest. The interest rate is 28%, 68% for three months, 8% for half a year, 10% for one year, and 13% for three years.
Whether it is a worker or a soldier, everything that Jiang Yu's subordinates do is stored in the East China Bank.People are also very happy to put their money in the bank. First of all, they don't believe that Jiang Yu, who has a big family and business, will go bankrupt, and secondly, he can get interest in the bank.
Moreover, after such a system is established, foremen and military officers will not be able to deduct wages and military pay.
The pioneering work of opening an account with one yuan has also attracted many ordinary people to deposit in banks. Although these ordinary people do not have much money in their hands, the problem is that there are many of them, and this market is still involved.
If most of the ordinary people in China opened accounts with Huadong Bank, the funds that Huadong Bank could use would be terrifying.
And the amount of these deposits will continue to increase as the economy develops.
The opening of East China Bank solved part of Jiang Yu's shortage of funds, allowing him to have more funds for investment.
The rubber stock market crash in the first half of 1910 brought Jiangyu a large sum of money.
This rubber investment boom stems from the industrial upgrading in the United States. Ever since Ford produced the Model T car, rubber has naturally become hotter.
The account is easy to calculate: the mining cost of each pound of rubber is 16 shillings, but the market price is 12 shillings, the difference is as high as 75 times; to quote the stock trading terms of later generations, it is a huge profit industry, and the industry rating is 3. .
At the same time, with the help of international speculators, rubber stocks have continued to appreciate in the London stock market since 1908.
In 1907, Jiang Yu began to arrange.
A total of eight rubber companies under Jiangyu are listed in London, England, and have purchased a large number of rubber plantations in Nanyang and America.In China, Jiang Yu has set up many shell rubber companies. Due to the lack of supervision in the Chinese stock market, foreigners have no obstacles in the story. Jiang Yu successfully listed 26 rubber companies in China. The rubber plantations of these 26 companies They are all rubber saplings. [
Beginning in 1909, Jiangyu's rubber company began to continuously issue new shares, and secretly sold the shares slowly in order to continue cashing out.
The capital in Jiang Yu's hands was like a snowball. The first half of 1910 was definitely the climax stage. In London, England, the initial share price was only 15 pounds, and by March it had risen to 3 pounds.In China, at the beginning, each share was only 120 taels, and by March 130 it had reached 3 taels.
And the rally in rubber is close to frenzy.
March 3: 2 taels;
March 3: 18 taels;
March 3: 21 taels;
March 3: 29 two...
At this time, rubber stocks in the stock market are not only expensive, but also unavailable.At this time, Jiang Yu sold 50% of the stocks in the rubber company in his hands. From the end of March, Jiang Yu began to increase the speed of selling. In just two months, Jiang Yu sold all the remaining stocks. net.
The initial 200 million pounds invested in the stock market turned into 5600 million pounds, becoming one of the winners of this rise in rubber stocks. Of course, Jiang Yu is not the biggest winner. He is just behind the Rothschild consortium and the American consortium. Just a cup of soup.
Without the vigorous hype of these consortiums, rubber stocks would not have risen so wildly.
The secret of those consortia's wealth grabbing lies in the stock market.
They used the bubble economy again and again to drive up the stock price crazily, then grabbed a lot of money, and then punctured the bubble after withdrawing the money, so as to amass people's wealth.After the bubble burst, the stock price of the industry became very cheap again, and they bought a lot of it at this time.
Half a month after Jiang Yu withdrew from the stock market, the international consortium also completed the withdrawal of funds, and then the US government announced the tightening policy in June 1910, and the rubber bubble was burst by love.
The London stock market first plummeted, and then spread to the Chinese stock market.
The doomsday seems to have come to the investors in an instant, and their stocks immediately became a pile of waste paper that no one wanted. However, before this plunge, Chinese banks received the news in advance and immediately tightened their funds. When foreign banks received the news, China's big banks had already begun to withdraw.
This news was naturally released by Jiang Yu. In order to preserve the vitality of the nation, Jiang Yu notified those banks one by one.
Not every foreign bank has access to the high-level decision-making of the international consortium, and they don't know when the sharp drop will occur, and they will only receive news some time before the sharp drop.
However, this time the news from the Chinese was earlier than them. As a result, a large number of rubber stocks invested by foreign banks in the Chinese stock market were locked up.
Although many small investors have been locked up in the Chinese stock market, those big investors have saved some vitality. In addition, foreign banks have been locked up. As a result, among the 6000 million taels of silver invested in the stock market, none of them were caught by foreign capital. , but let China take away nearly 600 million yuan.
However, among the money, Jiang Yu took a lot of it, as high as more than 3000 million taels of silver.
Moreover, Jiang Yu took more money from London and the US stock market, reaching about 5300 million pounds. That is to say, although the stock market disaster caused heavy losses to Chinese investors, the wealth was concentrated in Jiang Yu's hands, and Jiang Yu Yu also went from abroad to 5300 million pounds, and the vitality of the nation has greatly increased.
But for those investors, the losses are obviously too heavy. For example, a "player" named Chuanhan Railway Company suffered a huge loss of 350 million taels of silver in the stock crash, which laid the groundwork for the outbreak of the road protection movement. In Yu's hand, although the vitality of the nation has greatly increased, the vitality of the Qing Dynasty has been greatly damaged in this stock market crash. [
Because Manqing couldn't see the situation clearly, he ran to save the market with money, which resulted in a certain loss. What's even more frightening is that although some banks received the news in advance, they could not completely withdraw their funds, which resulted in a large-scale financial crisis. China spread.
On July 7, Zhengyuan and Qianyu Banks closed down; on July 21, Zhaokang and Senyuan Banks closed; on July 22, Yuanfeng closed; on July 23, Huida, Xiefeng, and Jinda closed down.
On October 10, foreign banks suddenly announced that they would reject banknotes from 7 banks in Shanghai.The turnover of Yuanfengrun was announced on October 21, and it owed more than 10 million taels of public and private funds.Its 8 branches in Beijing, Guangzhou and other places closed down at the same time.The fall of Yuan Fengrun led to the closure of a large number of banks in Shanghai, and the financial crisis began to spread to the whole country.
The chain reaction of Yuanfengrun's collapse spread all over the country, inside and outside the Great Wall, from Beijing and Yingkou in the north, to Guangzhou in the south, and Hankou and Chongqing in the west. All major industrial and commercial cities across the country fell into panic.This is tantamount to bringing an economic crisis to the whole country, and its huge impact far exceeds that of rubber stocks. In fact, it has emptied the last sliver of vitality of the Qing government from the financial and economic level.
In this stock market crash, only Jiang Yu, who opened the account, made a huge profit. After the final settlement, his 200 million pounds became 56 billion taels of silver.
Most of such a huge amount of funds is abroad, of which 3000 million taels of profit are in China.
Jiang Yu has also fully experienced the terrifying wealth-raising ability of the stock market.It is presumed that the international consortium has absorbed more than several times the funds in various countries in the world. The master of it is naturally the Rothschild consortium, a family that once claimed to have a wealth of 60 trillion US dollars. The Morgan Consortium of the United States controls the financial sector in the United States, and gradually controls a large number of American industries by supporting the Rockefeller Consortium.
After the stock market crash, Jiang Yu did not use this huge amount of funds immediately, but remitted the money to Commerzbank and Deutsche Bank.
At the same time, take part of the money and buy high-quality rubber stocks again.With the development of the automobile industry, there is no doubt that rubber can make money.
Moreover, it takes a long time for rubber plantation to be put into production, so it is easier to monopolize.
Of course, international consortiums are also buying rubber stocks. Jiang Yu's goal is not to monopolize, but to buy enough rubber plantations to support the needs of China's auto industry in the future.Rubber is an important strategic material, and it would be too costly to buy it from the rubber plantation under the international consortium.
In the end, spn couldn't hold on to Neimen, and they also realized that the rise of the Chinese alkali industry could not be stopped, so they had to reluctantly give a second plan.
That is to say, Pu Neimen Company gave up 80% of the market share in the Asian market, but Huadong Group was not allowed to continue to expand to other markets.In Asia, if there is any change in the price of soda ash of Pu Neimen Company, the consent of Huadong Group must be sought.
This cartel agreement is relatively reliable, and after signing, it can raise the price of soda ash to a monopoly level, and the profit will increase significantly. 80% of the Asian market (including Australia) can make Huadong Group a profit of 3000 million silver dollars a year. above.
Moreover, after the outbreak of the First World War, the remaining 20% of the Asian market of Pu Neimen Company will also disappear, and the current soda plant is not large, and it will take at least half a year to fully occupy the 80% market share. , so this agreement is very cost-effective for Jiang Yu.
In addition, Jiang Yu can use soda ash to produce more advanced products, such as dyes, and the profits will be higher. [
The competition with Pu Nei Men Company came to an end, but Jiang Yu's investment in other areas did not stop. When he participated in the Nanyang Quotation Association, Jiang Yu found the No. 1 Chinese banker in the future - Chen Guangfu.
Chen Guangfu returned to China after graduating from the University of Pennsylvania in the United States. He was responsible for handling some work of the Nanyang Quanye Association. corner.
Apparently, Chen Guangfu also understands that being the supervisor of the Bank of Jiangsu cannot realize his ideals, and if he works in the "East China Bank" established by Jiang Yu, he will have the "full power" promised by Jiang Yu and hold 5% of the shares.
Historically, Chen Guangfu was only a small shareholder when he ran a bank, and most of the equity was provided by others. With his financial resources, he could not run a bank at all. Chen Guangfu did not have any opinions on the issue of equity.
Moreover, I sighed with Jiang Yu all night, and found that Jiang Yu is also very proficient in banking business philosophy. The one-yuan account opening, zero deposit and one-time withdrawal, and one-yuan deposit and zero withdrawal proposed by him all coincided with Chen Guangfu, which made Chen Guangfu feel that it was too late to meet each other. It means that, and Jiang Yu has very strong capital, and he will surely be able to run the bank well by cooperating with him.
East China Bank was opened in Huaiyin and Shanghai immediately. At the beginning, the scale of East China Bank was not large, because the two parties decided after discussion that they should first focus on the cultivation of talents instead of blind expansion, otherwise troubles would inevitably occur.
Although Huadong Bank has just opened, its business is very good, especially in Huaiyin, even the most ordinary construction site workers, their wages are directly paid to the bank account, and they can get higher interest. The interest rate is 28%, 68% for three months, 8% for half a year, 10% for one year, and 13% for three years.
Whether it is a worker or a soldier, everything that Jiang Yu's subordinates do is stored in the East China Bank.People are also very happy to put their money in the bank. First of all, they don't believe that Jiang Yu, who has a big family and business, will go bankrupt, and secondly, he can get interest in the bank.
Moreover, after such a system is established, foremen and military officers will not be able to deduct wages and military pay.
The pioneering work of opening an account with one yuan has also attracted many ordinary people to deposit in banks. Although these ordinary people do not have much money in their hands, the problem is that there are many of them, and this market is still involved.
If most of the ordinary people in China opened accounts with Huadong Bank, the funds that Huadong Bank could use would be terrifying.
And the amount of these deposits will continue to increase as the economy develops.
The opening of East China Bank solved part of Jiang Yu's shortage of funds, allowing him to have more funds for investment.
The rubber stock market crash in the first half of 1910 brought Jiangyu a large sum of money.
This rubber investment boom stems from the industrial upgrading in the United States. Ever since Ford produced the Model T car, rubber has naturally become hotter.
The account is easy to calculate: the mining cost of each pound of rubber is 16 shillings, but the market price is 12 shillings, the difference is as high as 75 times; to quote the stock trading terms of later generations, it is a huge profit industry, and the industry rating is 3. .
At the same time, with the help of international speculators, rubber stocks have continued to appreciate in the London stock market since 1908.
In 1907, Jiang Yu began to arrange.
A total of eight rubber companies under Jiangyu are listed in London, England, and have purchased a large number of rubber plantations in Nanyang and America.In China, Jiang Yu has set up many shell rubber companies. Due to the lack of supervision in the Chinese stock market, foreigners have no obstacles in the story. Jiang Yu successfully listed 26 rubber companies in China. The rubber plantations of these 26 companies They are all rubber saplings. [
Beginning in 1909, Jiangyu's rubber company began to continuously issue new shares, and secretly sold the shares slowly in order to continue cashing out.
The capital in Jiang Yu's hands was like a snowball. The first half of 1910 was definitely the climax stage. In London, England, the initial share price was only 15 pounds, and by March it had risen to 3 pounds.In China, at the beginning, each share was only 120 taels, and by March 130 it had reached 3 taels.
And the rally in rubber is close to frenzy.
March 3: 2 taels;
March 3: 18 taels;
March 3: 21 taels;
March 3: 29 two...
At this time, rubber stocks in the stock market are not only expensive, but also unavailable.At this time, Jiang Yu sold 50% of the stocks in the rubber company in his hands. From the end of March, Jiang Yu began to increase the speed of selling. In just two months, Jiang Yu sold all the remaining stocks. net.
The initial 200 million pounds invested in the stock market turned into 5600 million pounds, becoming one of the winners of this rise in rubber stocks. Of course, Jiang Yu is not the biggest winner. He is just behind the Rothschild consortium and the American consortium. Just a cup of soup.
Without the vigorous hype of these consortiums, rubber stocks would not have risen so wildly.
The secret of those consortia's wealth grabbing lies in the stock market.
They used the bubble economy again and again to drive up the stock price crazily, then grabbed a lot of money, and then punctured the bubble after withdrawing the money, so as to amass people's wealth.After the bubble burst, the stock price of the industry became very cheap again, and they bought a lot of it at this time.
Half a month after Jiang Yu withdrew from the stock market, the international consortium also completed the withdrawal of funds, and then the US government announced the tightening policy in June 1910, and the rubber bubble was burst by love.
The London stock market first plummeted, and then spread to the Chinese stock market.
The doomsday seems to have come to the investors in an instant, and their stocks immediately became a pile of waste paper that no one wanted. However, before this plunge, Chinese banks received the news in advance and immediately tightened their funds. When foreign banks received the news, China's big banks had already begun to withdraw.
This news was naturally released by Jiang Yu. In order to preserve the vitality of the nation, Jiang Yu notified those banks one by one.
Not every foreign bank has access to the high-level decision-making of the international consortium, and they don't know when the sharp drop will occur, and they will only receive news some time before the sharp drop.
However, this time the news from the Chinese was earlier than them. As a result, a large number of rubber stocks invested by foreign banks in the Chinese stock market were locked up.
Although many small investors have been locked up in the Chinese stock market, those big investors have saved some vitality. In addition, foreign banks have been locked up. As a result, among the 6000 million taels of silver invested in the stock market, none of them were caught by foreign capital. , but let China take away nearly 600 million yuan.
However, among the money, Jiang Yu took a lot of it, as high as more than 3000 million taels of silver.
Moreover, Jiang Yu took more money from London and the US stock market, reaching about 5300 million pounds. That is to say, although the stock market disaster caused heavy losses to Chinese investors, the wealth was concentrated in Jiang Yu's hands, and Jiang Yu Yu also went from abroad to 5300 million pounds, and the vitality of the nation has greatly increased.
But for those investors, the losses are obviously too heavy. For example, a "player" named Chuanhan Railway Company suffered a huge loss of 350 million taels of silver in the stock crash, which laid the groundwork for the outbreak of the road protection movement. In Yu's hand, although the vitality of the nation has greatly increased, the vitality of the Qing Dynasty has been greatly damaged in this stock market crash. [
Because Manqing couldn't see the situation clearly, he ran to save the market with money, which resulted in a certain loss. What's even more frightening is that although some banks received the news in advance, they could not completely withdraw their funds, which resulted in a large-scale financial crisis. China spread.
On July 7, Zhengyuan and Qianyu Banks closed down; on July 21, Zhaokang and Senyuan Banks closed; on July 22, Yuanfeng closed; on July 23, Huida, Xiefeng, and Jinda closed down.
On October 10, foreign banks suddenly announced that they would reject banknotes from 7 banks in Shanghai.The turnover of Yuanfengrun was announced on October 21, and it owed more than 10 million taels of public and private funds.Its 8 branches in Beijing, Guangzhou and other places closed down at the same time.The fall of Yuan Fengrun led to the closure of a large number of banks in Shanghai, and the financial crisis began to spread to the whole country.
The chain reaction of Yuanfengrun's collapse spread all over the country, inside and outside the Great Wall, from Beijing and Yingkou in the north, to Guangzhou in the south, and Hankou and Chongqing in the west. All major industrial and commercial cities across the country fell into panic.This is tantamount to bringing an economic crisis to the whole country, and its huge impact far exceeds that of rubber stocks. In fact, it has emptied the last sliver of vitality of the Qing government from the financial and economic level.
In this stock market crash, only Jiang Yu, who opened the account, made a huge profit. After the final settlement, his 200 million pounds became 56 billion taels of silver.
Most of such a huge amount of funds is abroad, of which 3000 million taels of profit are in China.
Jiang Yu has also fully experienced the terrifying wealth-raising ability of the stock market.It is presumed that the international consortium has absorbed more than several times the funds in various countries in the world. The master of it is naturally the Rothschild consortium, a family that once claimed to have a wealth of 60 trillion US dollars. The Morgan Consortium of the United States controls the financial sector in the United States, and gradually controls a large number of American industries by supporting the Rockefeller Consortium.
After the stock market crash, Jiang Yu did not use this huge amount of funds immediately, but remitted the money to Commerzbank and Deutsche Bank.
At the same time, take part of the money and buy high-quality rubber stocks again.With the development of the automobile industry, there is no doubt that rubber can make money.
Moreover, it takes a long time for rubber plantation to be put into production, so it is easier to monopolize.
Of course, international consortiums are also buying rubber stocks. Jiang Yu's goal is not to monopolize, but to buy enough rubber plantations to support the needs of China's auto industry in the future.Rubber is an important strategic material, and it would be too costly to buy it from the rubber plantation under the international consortium.
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