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Shanghai Storm Chapter 36 Stock Market Crash

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    Fang Hua asked strangely: "Mr. Huang Isn't Huang Huangrong a senior patrolman in the French Concession? Why did he end up in the public concession?" He originally wanted to say something to Mr. Huang, but seeing the disgusted expression on Chen Qimei's face,  Realizing that their relationship was not harmonious, he temporarily changed his name to Huang Jinrong.

    Chen Qimei said with some disdain: "Why else? It's probably to grab money!" After saying that, he pointed at the stock trading market outside the window.

    Fang Hua nodded suddenly. In history, among the "three gangster tycoons" of old Shanghai, there was a saying that "Huang Jinrong was greedy for money, Zhang Xiaolin was good at fighting, and Du Yuesheng was good at being a good man."  Since Huang Huangrong is greedy for money, of course he will not give up the current opportunity to make a fortune.  And although this is a public concession, as the senior patrolman of the French Concession, he still has a certain authority in the stock trading market, and he will not be too few stocks in his hands if he wants to buy it.

    Chen Qimei saw Fang Hua's thoughtful look and began to persuade him: "Huang Huangrong has always been unprofitable and can't be friends with him early. Don't make close friends with Xinghua. Don't make friends with him easily."

    It seems that Chen Qimei misunderstood that she wanted to make friends with Huang Jinrong. Fang Hua said calmly: "I'm just a little curious. I have no plans to make friends with him yet."

    "This is the best." Chen Qimei nodded.

    After sitting down, the two continued the topic they had just discussed, discussing the future and methods of the Chinese revolution. Knowing that the person sitting opposite was an important figure of the Revolutionary Party, Fang Hua naturally did not dare to reveal the "secret" casually, and mainly listened.  , when I had to express my views, I would say something with reservations, but this was enough to make Chen Qimei's eyes light up and feel refreshing.

    After talking for about half an hour, the tea on the table has been changed three or four times.  At this time, Chen Qimei looked out the window and said with some regret: "I have benefited a lot from my chat with you today, but it's a pity that it's getting late. I have a party later, so I'm afraid I can't continue talking with Xinghua.  , let¡¯s meet again if there is a chance.¡±

    Fang Hua smiled and nodded in agreement: "It is my honor to be able to make friends with a person like Brother Yingshi. If we are destined, we will meet again."

    "That's right, there is a long time to come. Let's meet again another day. Then, I will say goodbye first." Chen Qimei stood up and clasped her fists.

    Fang Hua and Yang Zhi quickly stood up and said goodbye to Chen Qimei.

    After Chen Qimei's figure disappeared, Yang Zhi beside him couldn't help but asked in a low voice: "Sir, who is that person?"

    Fang Hua smiled slightly and said, "I don't know his details yet, but from what he said, we can probably infer that he is a revolutionary party."

    "The Revolutionary Party, they are prisoners of the imperial court!" Yang Zhi could not help but whisper in surprise. Yang Zhi is just an ordinary person from the mainland. He used to be a bandit and is now a member of the old army. He has no understanding of the revolution.  When I heard that the imperial court was arresting revolutionaries everywhere, I naturally thought that those people were prisoners of the imperial court, and I couldn't help but be shocked.

    "Don't worry, we are in the concession now, and the government has no control here. Besides, the court is already in turmoil, and the future may be dominated by these revolutionaries." Fang Hua sighed while looking out the window at the bustling crowd.

    Since that day when he met Chen Qimei and Huang Huangrong during their teahouse trip, Fang Hua stayed quietly in Xianqingzhu, listening to piano music every day, learning Go from Su Xiaorou, and spent half the time leisurely.  months.

    Time quickly entered June 1910. Faced with the global rubber bubble, the United States, as the largest consumer country, suddenly announced austerity policies.  Its impact soon spread to the United Kingdom, known as the "Empire on which the Sun Never Sets." The London stock market plummeted, and then quickly affected the Shanghai stock market, which was mainly in the rubber sector and bound to the London market.  Since then, the Shanghai stock market has completely collapsed and plummeted for several days.

    The boss of the Langezhi Rubber Stock Company, which was the first to issue rubber stocks and had the largest increase in price, was a British man named Mai Bian. He was the first to get the news from London. While the investors in Shanghai were still unaware of the situation, on July 7  All the money was collected at the beginning of the month and disappeared without anyone noticing.  People who bought Langezhi Rubber stocks were as anxious as ants on a hot pot and kept asking about his whereabouts, but there was always no news.

    Seeing this situation, other investors looked for the bosses of other rubber stock companies to inquire about the situation, only to find that the adventurers of these rubber companies, like Mai Bian, had quietly left, but took away all their assets.

    As soon as the news came out, the rubber stock prices in the Shanghai market plummeted, with some shipping but no one taking over.  Rubber stocks, which were once hard to find, have become a life-threatening talisman for everyone. Many speculators who failed in stock trading jumped from tall buildings with no choice but to look at the rubber stocks that turned into a pile of waste paper.

    If things end here, that is, Shanghai?Some rich people lost some money.  However, when foreign banks saw that the situation was not good, they immediately tightened funds and stepped up their efforts to collect loans from major local banks, which led to further tightening of credit conditions.  To make matters worse, foreign banks tightened monetary policy and announced that they would stop issuing all loans against rubber stocks.  At that time, Shanghai's banking industry was still counting on cashing out foreign banks' backlog of stocks, but the foreigners' sudden move was tantamount to directly declaring the stocks to be useless paper.  As a result, Shanghai's cash flow completely collapsed.

    The financial crisis broke out rapidly, and banks, pawnshops, banks, and stores in Shanghai closed down.

    Originally, this financial crisis could still be controlled within a certain range. The rescue operation presided over by Shanghai Daotai Cai Naihuang at the beginning was quite timely and wise.

    He personally negotiated with foreign banks and made them agree to borrow 3.5 million taels of silver. At the same time, he also specially allocated 3 million taels of Shanghai official silver and deposited it in the two pillars of Shanghai banks, Yuan Fengrun and Yi Shanyuan, and their respective bank accounts.  , helping them stabilize the market.

    Although Yuan Fengrun and Yi Shanyuan were also hit hard by the stock market crash, the two banks lost approximately 5 million taels of silver.  However, these two financial giants finally survived the disaster by relying on their extraordinary strength and Cai Naihuang's emergency assistance.  With the reputation of the two banks, Shanghai's somewhat corrupt market gradually stabilized.

    At this time, Fang Hua was on his way to Lihe Yang Company. Although he also knew that Shanghai's financial industry was in turmoil, the Qing government's emergency rescue operations finally stabilized the situation, so he did not take action.  .

    A few months ago, Liu Chengquan, a comprador from a foreign company who was still very charming, was smoking a cigarette sadly. During this rubber stock craze, he bought 5,000 taels of rubber stock. However, with the sharp plunge in the stock market, the value has now depreciated to  There are only more than 600 taels left. Even at the price of 600 taels, no one is willing to accept it. Although he is more prosperous as a comprador of a foreign bank, a small comprador like him only earns one or two thousand taels of silver every year. Now he suddenly loses money.  It took more than three years to save money, so he couldn't help but feel sad.

    "Liu, there's someone here to visit!" Suddenly an employee in the lobby knocked on the door and walked into the office and said.

    "Huh? You have to receive the guests first. I am not in the mood to receive guests now." Liu Chengquan said absently. In the past few days, he has become a joke to the entire foreign company. Employees who were envious of the rubber stock in his hands were pointing behind his back.  point, which made Liu Chengquan feel very bad.

    "But, that person called you by name and said that you had been the one to receive them before." The employee said with some embarrassment.

    "Really? What's that person's name?" Liu Chengquan asked curiously.

    "The leader is a young man named Fang Hua, and he also brings four or five bodyguards. He seems to be a person with status." The employee described with a hint of envy, knowing that this kind of life is what he has always longed for.

    Liu Chengquan's eyes lit up and he said happily: "Is it Mr. Fang? Invite them in, no, I will greet them personally." This Mr. Fang was the God of Wealth who directly gave him a thousand taels worth of US dollars last time.  We may have to do some big business this time, so we can't neglect it.

    ;
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