However, at this time, the most economically developed places are the most economically difficult big countries, and at least there is a central bank to stabilize the financial order. The financial order in Manchu Dynasty is almost completely collapsed.

However, the Manchu dynasty did not establish a perfect financial order, but it was developed by the people naturally, or the classical silver position system made great efforts to cast silver ingots, and there was no uniform standard. There were silver numbers to cast horseshoe silver, boat-shaped silver ingots to cast silver bars.
There are also foreign bank banknotes circulating at various ports, but the largest banknote currency is the bank issuing Zhuang banknotes.
However, Meng Ran has entered a world-class financial institution from an agricultural society. Qianzhuang, a financial institution born in China, has not yet experienced the baptism of modern financial turmoil, so it has not yet formed a good risk control and the accumulation of financial resources is not enough. Most Qianzhuang banks dare to make dozens or millions of loans with only tens of thousands of dollars, and often engage in some risky speculative trade.
Small capital, too much lending and too much risk will inevitably lead to low credit of banks, so they will compete for money, but foreigners’ paper money can’t afford the northern currency responsibility. Most banks are attached to the development of foreigners’ banks
Among these foreign banks, the biggest strength is actually the big capital HSBC, which is the largest one, and also controls several other foreign banks to form a self-financing body. However, HSBC does not have the status of the central bank in the north, because HSBC, a destination bank that is good at controlling risks and making the most profit, is unwilling to take risks for the whole market. When it encounters financial instability, HSBC is the first to withdraw funds.
Once the economic crisis breaks out, the financial market in the sea will be in a state of collapse, and it will continue to be depressed for a long time without rectification.
Zhu Jinglun intends to rectify the financial order in the sea. Instead of seeing this economic crisis as a disaster, he sees it as a godsend opportunity.
If anyone can rectify the offshore economy at this time, then whoever will be in charge of offshore finance in the future will be like Morgan Bank’s step by step to save the financial order in the United States. If there is no central bank in the United States, Morgan is the central bank
It was just after Zhu Jinglun resumed business that he undertook to rectify the financial order in the sea. A large amount of cash in Guangfu Bank’s vault became Zhu Jinglun’s sharp weapon during the financial crisis.
If we can successfully rectify the order of the sea, Guangfu Bank will not only lay a solid foundation in the sea, but also establish the status of the central bank of the sea, which is equivalent to the central bank of Manchu.
Guangfu Bank’s first action was quickly demonstrated, that is, to save the most grounded, active and vulnerable industry in Haiti’s financial industry, Qianzhuang.
Since the beginning of the year, the offshore banking industry has been baptized by the financial crisis and storm. At the beginning of the year, there were still 70 banks in the sea, and now there are 10 left.
The financial crisis is like a plague in nature, not all of them are brought by death, but also by poor health management and bankruptcy of enterprises, just like the death of the old, the weak, the sick and the disabled will leave their lives to those who are healthier.
Now haiqianzhuang has closed down, 17% of which can be said to have closed down, and those who have survived the cold winter should usher in a warm spring and a good opportunity for development.
If anyone falls on the eve of spring and winter night, it will be too sad
Zhu Jinglun believes that the power of the financial crisis has been released and is still coming. Qianzhuang is already the strongest and healthiest bank. With a little help, they can survive this winter. At present, I am afraid that the crisis of Qianzhuang is more caused by panic after the financial crisis. Everyone is tightening money and dare not put money in the bank. It is necessary to restore confidence and make it through the crisis.
Confidence in the sea market Zhu Jinglun chose to help the largest local bank, Fukang Bank, which is about to close down!
Fukang Bank is the largest bank in the sea and a famous Hu Xueyan asset. Due to Hu Xueyan’s speculative raw silk, it lost one million taels of silver, resulting in a tight capital chain and has been run.
Fukang bank has set up more than 20 semicolons at major ports such as Shanghai and Hankou, and it is strong enough to mobilize more than 20 million yuan before the economic crisis. It is impossible to rescue the crocodile of the bank without paying a huge price, but Zhu Jinglun decided to rescue it from this bank.
In addition to his appreciation of Hu Xueyan, a financial giant, Zhu Jinglun believes that rescuing Fukang Bank is actually the smallest. This view makes Wu Shouye, the big shopkeeper of Guangfu Bank, who is responsible for carrying out the rescue operation, quite disagree.
Section six hundred and twelve Pull Hu Xueyan.
Wu Shouye said that Fukang Bank had released too many bad debts before paying attention to risk control, and many of them could not be recovered. Fukang Bank also borrowed money from foreign banks like other banks, but now they have to pay back the money from foreign banks if they released the accounts. If rescuing Fukang Bank is equivalent to paying huge debts for Fukang Bank? ．re`
Zhu Jinglun told Wu Shouye that Guangfu Bank didn’t go to the sea to help a certain bank, but to rectify the whole financial industry. It was precisely because of the large scale of Fukang Bank that it was the best breakthrough to help Fukang Bank.
If the scale is large, it will attract people’s attention. At this time, rescuing Fukang Bank will give everyone confidence. When you see that even a big bank like Fukang Bank has survived, you will regain confidence in the market. In the past, Fukang Bank can continue to operate and will do better than its previous business.
Zhu Jinglun has some truth, and Wu Shouye is not a civilian, so he decided to start with Hu Xueyan Fukang Bank.
Saving Fukang Qianzhuang is to save Hu Xueyan, because although Hu Xueyan does a lot of business, its mode of operation is still very unified, that is, all industries are owned by him alone, and all of them are limited to other banks and silk tea firms. Any debts incurred by an industry will be borne by others.
This is completely different from the management mode of Japanese chaebol. In order to avoid risks, chaebols have all passed the transformation of their flag industries into joint-stock companies, all of which bear the risks. The bankruptcy of one industry will not affect other industries, which is also one reason why Japanese chaebols can last for a long time.
It’s not that Hu Xueyan doesn’t know what stock system is so serious because of the economic crisis in the sea. One of the important reasons is that the sea has set off a craze for stock companies in recent years, mainly because Sheng Xuanhuai creatively put forward the idea of official supervision and business operation in the conservative country of Manchu Dynasty, and introduced commercial capital into foreign-sent government-run industries for stock operation
Foreign enterprises, from Pingkuang Bureau to China Merchants Bureau and then to China Machinery Textile Bureau, have adopted joint-stock system, and a large number of hot money has poured into these industries listed in Shanghai. The highest number of shares of China Merchants Bureau with a denomination of 120 yuan has been fired to 520 yuan, and the China Machinery Textile Bureau has not yet produced a strand of raw silk, and the shares are far above par.
Hu Xueyan knows about the shareholding system, but the shareholding system has shareholding rules. According to the law on large-scale joint-stock companies, joint-stock companies have to bear some responsibilities and must be responsible to shareholders. They can’t do whatever they want. All major events must be decided by the board of directors. Hu Xueyan has neither the idea nor the plan to change his own industry into a joint-stock company.
Due to the limited liability, Hu Xueyan was able to pay back the money from the bank account after the raw silk tyrant lost money. He was used to this kind of robbing Peter to pay Paul. His famous business saying is "seven covers in one altar will be built without breaking through". Obviously, this kind of business means will have an accident sooner or later.
After the funds were removed from the bank account, the bank’s funds were tight, and soon the capital chain broke and it was impossible to make money. After that, it was said that Hu Xueyan was going to fall, attracting more people to run on foreign banks, but they kept urging money.
Later generations heard that all this was manipulated by Sheng Xuanhuai, and Sheng Xuanhuai secretly spread the news that Hu Xueyan’s capital chain was broken. Because Sheng Xuanhuai helped Li Hongzhang to deal with Zuo Zongtang, he had to deal with Hu Xueyan first because Hu Xueyan was Zuo Zongtang’s purse.
As far as Zhu Jinglun’s intelligence is concerned, it’s very unreliable. All this rumor is mainly that Sheng Xuanhuai’s name is not good, and Hu Xueyan’s failure makes everyone sympathize with him. It’s also right for nationalist revolutionaries to taste later, because Hu Xueyan’s hegemony is a commercial war with foreigners.
But the problem is that Zuo Zongtang and Li Hongzhang have different political views, but they never do this kind of flow, and Li Hongzhang can’t get along so well if he is so small-minded. Sometimes it is necessary to have some vengeful people in officialdom, and people have no friends.
Li Hongzhang and Zuo Zongtang are more or less the same.
There is also a saying that Hu Xueyan failed because of the failure of business war with foreigners. Foreigners controlled the price of Haisi and exploited ordinary silkworm farmer Hu Xueyan to hoard raw silk. As a result, foreigners joined forces to agree not to buy raw silk for one year, and the raw silk market collapsed and Hu Xueyan went bankrupt.
This kind of news is also the embodiment of nationalists’ irrational emotions, because there is evidence that the export of raw silk is going on normally every year. Foreigners come to make a fortune, not to be quarrelsome, and many of Hu Xueyan’s funds for hoarding raw silk are borrowed from foreigners’ banks
The raw silk market plummeted because of the Italian raw silk harvest economic crisis and the comprehensive factors of the Sino-French war. These factors will not fall without Hu Xueyan.
In addition, the failure of raw silk monopoly is not the main reason for Hu Xueyan’s bankruptcy. Later generations said that Hu Xueyan’s 22 million silver monopoly resulted in a loss of 12 million and the company went bankrupt. This is another rumor without facts. Because the total export volume of raw silk was affected by silkworm plague in Jiangnan, there were 40 thousand packages, and Hu Xueyan’s ability was really strong, because he hoarded one-third of them and reached as many as 15 thousand packages.
But even if Hu Xueyan monopolizes all 40,000 bags, it won’t cost 22 million silver. Because the price of Hester is affected by the economic crisis, the unit price of 40,000 bags is about 3.22 million, but it only costs more than 10 million and 25,000 bags to spend 4.5 million and 2 million.
It was the Manchu government that forced Hu Xueyan to default on foreigners’ bank debts, but he didn’t dare to default on the government and officials.
History is that these forcibly taken official funds have become the last camel grass to press Fukang Bank.
But no one knows this yet, because Hu Xueyan is still struggling, and he wants to borrow money to tide over the difficulties and then start all over again instead of giving the industry to others.
Hu Xueyan’s attitude made Wu Shouye extremely impatient.
"How did Mr. Hu think it over?"
Wu Shouye has been in the sea for more than ten days and has communicated with Hu Xueyan several times, but Hu Xueyan’s bank is about to be smashed, but he is still trying to support the sale of the raw silk, which has lost more than one million yuan, but the money in the bank is still not enough.
"Wu shopkeeper in think again think again"
Hu Xueyan seems to be thirty years older, but he doesn’t have the usual high-spirited image.
"Mr. Hu, please forgive me for telling the truth. You can’t make it through a bowl like this again."
Hu Xueyan’s face is red and complacent. Where can people stand the direct irony?
However, in the past, the central bank governor who presided over Guangfu Bank became accustomed to Wu Shouye’s habit of not leaving a face for others
"Wu shopkeeper is your bank to take over Fukang bank. Isn’t this taking advantage of people’s danger?"
Hu Xueyan is flexible. He was a grandfather and a grandson, and he kept his own industry. During this period, he didn’t look down on others’ faces. Not this time.
Wu Shouye sighed, "Hu shopkeeper, that is, you still value your bank so much. Tell the truth, are you interested in it?"
Hu Xueyan wondered, "Then why should the shopkeeper take it from the bank?"