Wall Street of the third generation chaebol
Chapter 109
< Shanghai Panic. (2) >
Lloyd’s Insurance Hong Kong Branch.
Representatives of large bank heads, including HSBC, were gathered in one place.
“Everyone has gathered.”
“Thank you for calling me here.”
To my words, the bank managers slowly looked at me and responded.
I decided to open my identity to some large banks. Even if you hide too much, you can’t control it.
“Isn’t it fun?”
“…what are you talking about?”
It bifurcated important tasks, such as taking orders from Hong Kong’s control tower and acting at a bank branch in Shanghai. These will be my hands and feet in the future.
In other words, this is the headquarters of the Headquarters.
“The regional governors of the Qing Empire are contemplating dispatching troops to protect Daechung Bank. They are now ‘contemplating’ whether to protect their own banks or not.”
profit.
With the sound of the Coke bottle being opened, the glass of all the directors began to pour in black liquid. At first, everyone refused, but I was happy because it looked like it would fit in my mouth.
“Detroit Director. How did you predict that the governors would struggle?”
HSBC’s representative raised his hand.
In fact, the big banks were predicting that governors would unconditionally wrap Seongseonhoe. This is because Seongseonhoe funds flowed into most of the policies implemented by the governors in local governments.
However, this was a precondition error, and if you look closely, it’s a far cry.
“First, let’s start with the connections of Seong Seon-hui. Governor Ho Guang and Lee Hong-jang are known as the people most deeply entangled with Seong Seon-hui. Currently, Shanghai is under the control of Governor Yang Kang, so they also have a deep connection with Governor Yang Kang.”
“you’re right.”
The governors were the most important variable in this operation.
The army, including the green spirits they could operate, had an overwhelmingly high basic stamina compared to the great powers, no matter how the Qing Empire declined. No, of course, the firepower of the Western powers is high. But the Qing Empire is holding another cheat, isn’t it?
It is a tactic due to
The central government is just Beijing, but not the local government. In particular, there was no answer when the governors of inland regions were prepared to die.
“Detroit Director, the governors could have wrapped up Seongseonhoe and had a fight with the armies of great powers. But why are they worrying about it? If we don’t protect Seongseonhoe, the core business of the local government won’t go to waste.”
“That relationship is the problem.”
“Yes?”
Agents expressed their doubts.
Why is it a problem for the governors to receive funding from Seongseonhoe? But with a little thought, you will find the answer.
‘I have to break these molds.’
Everyone was mistaken about the Chinese ideology.
‘The Qing Empire is not something extraterrestrial, but a world where your common sense prevails.’
Think of feudalism.
The relationship between the central and local governments is key.
“The problem is the market dominance and equity structure of Daechung Bank, which is run by Sung Seon-hoe.”
Daechung Bank.
It is a bank close to the central government.
It was the first modern bank in the Qing Empire to act as a de facto anti-state central bank, as institutions of the Qing Empire’s central government took over a large amount of stake.
Transportation Bank and Shanghai Trade Bank are also institutions under the control of Daechung Bank.
“Daecheong Bank, which deposits the investment of the Qing central government, makes a loan to the local government through the investment. Do you know? It means that the local government’s funds come through the central government.”
“…..this.”
Large banks accustomed to the feudal system caught on to the problem right away. A commercial bank acts like a central bank under the protection of the central government and provides funds to local governments.
‘Well, let’s put aside the fact that the central government is also borrowing money from Shaanxi provincial shamans.’
Anyway.
This means that local governments are held by the central government by the collar of money.
“Do governors like Seongseonhoe?”
“But I know that Governor Huguang has a good relationship with Shengxunhui on the Beijing-Hankou Railway.”
“No, why are you doing this like an amateur?”
It’s frustrating. these bastards.
Bring back the memories of the feudal system. The Chinese ideology had a weak point in that the continent was so large that the power of the local government became stronger when the power of the central government was lost.
It becomes like a feudal drug.
“The creditor of the Beijing-Hankou Railway is Seong Sun-hui, so then we get to know each other. Do you get along like an enemy? What will happen to Governor Huguang if Seong-sun-hui collects funds because he doesn’t even know Kwansi?”
“……”
“Now you’re getting the hang of it. Besides, can you care about the Beijing-Hankou Railway in this situation, right before the robbery of the Daechung Bank? Governor Hoguang will be abandoned.”
“…..her!”
The head of the Railroad Administration is Seong Seon-hoe.
But let’s hang it on the balance scale. Which one should we protect, the regional railroads of a local government or the central bank of the central government? never the latter
Governor Hogwang will soon be abandoned from the Sungseonhoe.
“If Daechung Bank collapses, the modern financial system of the Qing Empire will collapse. It is much more important than a single railroad. If you compare Governor Hogwang with the central government and even the Imperial family, it is unconditionally the Imperial family.”
This novel was posted at https://readwn.com
Of course, during the Boxer Movement, the central government had to go through a series of brains and brains. However, the central government has not yet broken the ground and has not declared war on the great powers.
‘Besides, this is not the end of the problem.’
“73% of Daechung Bank’s loan portfolio are foreign banks.”
“Yes? No, is that possible?”
Societe General’s agent was astonished. The banks of the Western powers were getting that much loan from Daechung Bank.
Isn’t that what Daechung Bank is saying?
“The representative of HSBC would know.”
“……”
“Isn’t HSBC an advisory to Daechung Bank?”
“The Detroit Director is right. Daechung Bank is one of the losers in Shanghai’s economy.”
“her!”
The HSBC agent’s bombshell declaration made the room chaos in an instant. Other banks are starting to understand why HSBC risked their lives to jump into this currency swap.
Who would deny that you can turn creditors into debtors? I’m told I’ll be able to attach the seizure tickets they’re going to put on them.
‘Something… it’s similar to the opium war and the picture.’
What about the directors of the Shanghai branch, who have already been filled with poison due to the prisoner’s dilemma? They say that you have to earn an extra penny to get results, and even the target is creditors.
The eyes of the debtors began to gleam dangerously.
“You have unlimited currency swap contracts. It’s not difficult to rob Daechung Bank.”
The big banks in attendance today had a weight class that could free them from the former prisoner’s dilemma.
This novel was posted at https://readwn.com
Of course, one of the directors of the Shanghai branch would not think so, but the agents here were giants directly under the head of a large bank.
Unlimited currency swaps were preempted by collusion.
“The Royal Navy of the British Empire will soon arrive with a fleet of dreadnoughts to the Bund in Shanghai, loaded with massive red coats.”
According to my information network, I heard that the British Army was even fiddling with the card of the Gurkha mercenary. The UK risked nearly half its life in this collection.
Bank of England.
Among the large banks here, the representative of the Bank of England sat with his arms crossed with a solemn expression on his face.
The Bank of England also had unlimited currency swaps and was salivating for silver bullion collection.
“According to our Societe General’s information network, France is also planning to deploy an Indochina fleet. They even said that they were fiddling with the card called Foreign Legion. It seems that Governor Paul Demer is sharpening his sword.”
This is valuable information.
When I put it together with the information I had, I came to a thrilling conclusion.
“I know there are already some agreements going on between the UK and France.”
As a major stakeholder in the Strait of Gibraltar, I was keenly aware of the Anglo-French relations.
France, which currently has a large army stationed on the border with Spain, and Britain, which has blocked Gibraltar at sea, were negotiating with each other behind the scenes.
“I predict that perhaps the two countries are moving in earnest like this is an tacit agreement.”
A large-scale deployment is more difficult than you might think.
A large-scale deployment at this point when France and Britain are roaring around Spain, revealing them? is suicide.
However, the reason for sending large-scale troops as if they had made a promise to each other is clear.
‘England-French negotiations have already been made.’
that brought an agreement
My reasoning instantly heated up the conference room like a fire. An official or unofficial announcement that the English-French negotiations have been concluded has not yet been made. If the big banks here don’t know, no one knows.
However, looking at their behavioral patterns, it seemed that everyone had reached an agreement.
‘This is important information.’
‘Is it possible that the UK and France are negotiating? You two have been friends for hundreds of years, haven’t they?’
‘But it is certain that something strange has happened in the real relationship between England and France.’
‘shit. I need to contact my home country as soon as possible.’
Representatives of large banks shook their buttocks. He was anxious to send a telegram to the head of the bank in his home country as soon as possible.
bang-!
“Director!!!”
Just then, the door slammed and James rushed in. He exclaimed loudly, unable to stop his panting breath. As if it was an important point for everyone here to hear.
“What’s going on?”
“The Governor-General of Yanggang moved Nokyoung (the army)!”
buzz.
This novel was posted at https://readwn.com
Once upon a time, there was a commotion in the drawing room. The dreadnought fleet was arriving soon, and if the Army of the Governor-General of Yanggang had moved, it was not known who would arrive first.
No, is it an enemy in the first place?
But everyone was shocked by what James said next.
“It is said that Director Peter failed to meet the strong requests of Governor Yang Kang and Hong-jang Lee and made a deal in the end. It also said that he would provide unlimited currency swaps!”
“Wait then…”
“Yes, it is in the name of suppressing the Boxers, but it seems that they were dispatched to collect Daechung Bank.”
James’ eyes twinkled.
“The governors hit Seongseonhoe in the back of the head.”
jump
The delegates in the conference room stood up. Their eyes flutter violently. I knew the governors were worried, but did they really send the army to collect their own banks?
Their common sense was being shattered.
That’s a b*tch.
I stole my nose.
‘China was China.’
Family fights are always fun.
At the same time, the faces of the banks attending the emergence of strong competitors were flushed with blood.
It was the beginning of chaos.
***
“Daein! I believed that you would come to protect us.”
The border between Shanghai and Jiangsu Province.
Directors of Daechung Bank were out to meet Governor Yang Kang’s green young. As Governor Yeonggang, a telegram arrived at Daechung Bank.
I will dispatch Nokyoung, so please open the door and treat him with utmost respect.
‘What does this mean? Isn’t it supposed to protect Daechung Bank from the sheep?’
The directors of Daechung Bank expressed their gratitude to the generals of Nok-young with smiles on their faces. This made it quite safe from the collection of sheep.
However, they did not notice Nokyoung’s strange atmosphere at all.
“Because he’s a great man…”
Nokyoung’s general stole a sniff.
The sight was magnificent as the troops with rifles were lined up in four columns behind the general. It was a force that seemed to be in the thousands.
Their faces were slightly shadowed. Like humans who have decided on something.
The general asked without any tension.
“Are you the directors of Daechung Bank?”
“Yes, it is. Daein. We are the directors of Daechung Bank.”
“Then, are you the only ones sent here?”
“Yes, yes. That’s right.”
Something.
There is something strange about the question.
The directors of Daechung Bank felt the hairs all over their bodies stand upright for a moment. Nok-yeong’s general seemed to have no tension at all, but they felt good.
As the directors of Daechung Bank flinched and stepped back, General Nok Young burst into laughter.
“I see. It’s only you. It seems like I’ve come to the right place, huh.”
chuck.
As General Nokyoung raised his hand, the soldiers lined up in four columns sat down like a staircase in order of arrival.
With a click, 16 gun barrels were aimed at the directors of Daechung Bank.
The faces of the directors of Daechung Bank turned blue.
“Now, wait, there seems to be some misunderstanding.”
“A mistake? What kind of error is there?”
“Oh, no, it’s not strange! How could Nok-young, who should protect his country’s Daechung Bank, aim his gun at us!”
“You might be able to hold down the gun a little, I think you’re reacting sensitively.”
When General Nokyoung picked his ears and blew, the directors of Daechung Bank, who realized the situation only then, turned red and burst into roars.
“Hey, Inoom! Governor Yanggang has betrayed us!”
The directors of Daechung Bank immediately gained respect and began to point at them.
“Did you know that your salaries come from Woori Bank! Nok-young, protect Daechung Bank right now! We are a bank protected by the imperial family with a stake in the court!”
“Oh, well. It looks like the imperial family is closer than us? Our barrel is about ten steps away, how far do we want to go to Beijing?”
“Wow, are you kidding us!”
after.
As General Nokyoung sighed and waved his hand, the shooters loaded gunpowder into their guns. Although Nokyoung was an outdated army that did not receive support for new equipment, a web of guns still remained in a shabby warehouse.
With a musket, he was able to turn a naked human being into a machete.
“The last thing you want to say? Don’t listen to your will.”
“Go to hell!!!”
“Yeah, you guys go first.”
Nokyoung’s general lowered his hand.
“Shoot.”
Tatatattattattattatang!
The barrel blew out flames.
Soon, the corpses, which had burst into a handful of pieces of meat, were scattered across the weeds. The smell of gunpowder spread and there was silence in an instant.
ご-
Nokyoung’s general stole his nose.
“Then let’s go. Gold and silver treasures are waiting for us.”
Arrival in Shanghai.
Nok-young trampled the corpses in the dark and began marching towards the Bund.
***
“Governor. How did you make such a judgment?”
Governor-General of Yanggang.
Governor Yu Gon-il of Yanggang frowned at the protests of the ministers. Who would have dispatched Nokyoung to the Western powers? However, an environment has been created that has no choice but to dispatch troops.
“Suppose the sheep lead a fleet and invade Shanghai. If the silver bars of Shanghai banks are collected by foreign banks, what should we do?”
We need to look at the political dynamics.
“I am well aware of the concerns of the ministers. Of course, your concerns are right. I know that if you hit Daechung Bank in the back of the head, you will have to pay the price.”
“then-“
“However!”
bang!
Governor Yang Kang growled and smashed his fists to smash the desk. They kept their mouths shut like honey-eaters.
“If there is a contract called currency swap, information will be leaked that you can make a lot of money as a hermit. If that happens, the governors will be shaken by greed for a moment. I say I want to do it too. Even I am shaken right away.
There are tens of thousands
Daechung Bank analyzed tens of thousands of currency swaps contracted through the China Settlement Bank and submitted it to the Governor-General. The governor is definitely aiming for that.
The governors will be sucked into the vortex of an arms race semi-forcibly to keep each other in check.
“Wuan Sky. That damn rat must also use this bait. Aren’t you a fan of the military? Even the German army is stationed in Qingdao, Shandong Province, where he was appointed governor!”
If Young Gil-Li and France open their doors in Shanghai, the German army in Qingdao will naturally become more vigilant. Good news for Yuan Sky.
‘Are they two holding hands?’
Shandong’s new army can quickly become a powerful force. At least the green spirits of the governors of other regions would be more than enough to crush them.
Can not be done.
Yuan Sky shouldn’t be left like that asshole. To do that, the governor of Yanggang, himself, had no choice but to strike first.
even if you don’t want to
If I don’t take the lead first and upgrade my arms, I’m out of the competition.
“Governor Li Hongzhang of Guangdong Province made a proposal to me.”
In the governor’s hand was an unlimited currency swap contract.
“Perhaps Nokyoung, who was dispatched from the army, arrived in Shanghai.”
Prisoner’s dilemma.
The demonic circuit ignited a rivalry between the governors, and began to burn even more viciously.
***
“President.”
Daechung Bank.
President Seong Seon-hoe was sitting in a chair with a lot of thought. His secretary ran with quick steps.
“Why?”
“Our request for salvation has been answered by the Qing Dynasty.”
“Oh! What did you say! If we fall, the imperial family will fall as well. He must have applauded the hard work and willingly responded to our request for salvation!”
“that is….”
Chairman Sung Seon-hoe’s face brightened with anger. answer is fast Also, the Qing imperial family could not abandon themselves.
But the secretary’s face was dark.
The response that came from his mouth afterward was truly shocking.
“If you’ve earned that much money, don’t be self-interested and pay your taxes properly… The answer came.”
Hyundai Finance’s ignorance caused the disaster.
< Shanghai Panic. (2) > end
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