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Free Web Novel,Novel online - All in oicq.net -> Historic -> My Republic of China Years Shanghai Storm Chapter 41: Banking Troubles
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?? Qianzhuang is a kind of financial credit institution native to China, mainly distributed in economically developed areas such as Shanghai, Nanjing, Hangzhou, Ningbo, and Fuzhou. Most of the early banks were sole proprietorships or partnerships, and they were all private enterprises. After years of development, they had reached a certain scale. Basically, a bank is the prototype of a bank.
When residents deposit money in banks, the minimum requirement is to ensure the safety of their money. Once cashless silver is taken out of the bank and exchanged, the news will immediately spread throughout Shanghai. Nowadays, a large number of local banks have closed down due to serious losses in the stock market crash. Although the two largest private banks, Yuan Fengrun and Yishan Yuan, have managed to survive with their own strong strength and government support, once there are concerns about the two banks When unfavorable rumors spread, a large number of customers worried about losing money will flock to the door and ask for deposits, and a "run" will occur.
¡°Before the stock market crash, relying on the status of the two banks in the banking industry, it would have been easy to obtain loans from other foreign banks or other local banks, and then deal with the run. But after the stock market crash, the entire capital chain in Shanghai was basically broken, and only foreign banks were the only ones with money. Now managers of most foreign banks are gathering together to discuss looting Shanghai's local banking industry. How could they agree to the dismantling? What about borrowing money?
With the emergency rescue from the government, Yuan Fengrun and Yi Shanyuan seemed to have returned to normal, but they didn't know that behind this calm there was a storm that could determine their life or death.
"I think that after our plan is implemented, it will only take two days to squeeze out the two pillars of local banks, Yuan Fengrun and Yishan Yuan. After that, it will be time for us to buy into Shanghai's Chinese industries at low prices. I propose that we drink a toast to victory." Charlie raised his glass and said with a glowing face. He seemed to have seen the goddess of victory waving to him, with huge wealth right in front of him and within reach.
¡°Cheers to victory!¡±
Several other people also responded one after another, and the crisp sound of clinking glasses rang in the room.
Several bankers in the room also suffered considerable losses in the rubber stock craze that swept the world, but they were very grateful for the stock market crash in their hearts. They knew clearly that without this stock market crash, Yiyuan Fengrun and Local Chinese banks headed by Yi Shanyuan will still firmly control Shanghai's financial dominance, and foreign banks like them can only develop slowly. However, the occurrence of the stock market crash gave them an opportunity to completely wipe out local banks in Shanghai and monopolize Shanghai's financial world in one fell swoop.
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Ding Weifan and his associate Li Youzhi visited Shanghai Daotai Cai Naihuang in the evening and had a pleasant conversation. Cai Daotai personally promised to continue to support Yuan Fengrun and Yishanyuan banks to help them maintain market stability.
Two months after the stock market crash, Ding Weifan finally got good news. As long as the government continues to support him and the bank does not undergo any major changes, Yi Shanyuan can survive this dangerous period and then slowly recover the bank. .
After being frightened for two months, I could finally breathe a sigh of relief. Ding Weifan slept so soundly that night that he didn't wake up until about nine o'clock the next day.
What Ding Weifan didn't know was that since nine o'clock in the morning, a lot of customers had been coming to the business counters of Yuan Fengrun and Yishan Yuan Bank. At the beginning, there were both deposits and withdrawals, and they could be withdrawn slowly. More and more people were cashing out money. After more than half an hour, the counter was crowded with people withdrawing cash. They all waved deposit slips in their hands and asked to withdraw cash.
The ten cash boxes behind the bank's business counter bottomed out one after another. Under this situation, even the ordinary staff felt that the atmosphere was a little abnormal, so they hurried to the office to inform Assistant Manager Li Youzhi.
On the one hand, Li Youzhi sent people to the bank to urgently allocate cash. On the other hand, he sent people to several major local banks and foreign banks to request loans. Finally, he personally rushed to the front counter to direct the exchange.
Ding Weifan's carriage was blocked on the road when it arrived near Yishanyuan Bank. When he saw the crowd swarming towards the bank, saying things like running out of money and going bankrupt, Ding Weifan immediately realized that something had happened to the bank. Leaving the carriage behind, he jogged all the way into Yishanyuan Bank.
Assistant Manager Li Youzhi breathed a sigh of relief when he saw the general manager arriving. It can be said that it took a lot of effort to deal with the crowds of people who had just withdrawn money, but the number of people coming to withdraw money was getting bigger and bigger, and there was no decrease at all. This kind of The situation made Li Youzhi panic.
After wiping the sweat on his forehead, Li Youzhi squeezed in front of Ding Weifan and reported: "Manager, many people came to withdraw money suddenly today. It has been going on for more than an hour now, but the number of people who came to withdraw money has been The number of people has not decreased at all, what should we do now?? "
¡°Follow me inside to talk about this.¡± Ding Weifan ordered in a low voice, and then glanced at the crowd around the counter, worried that they might hear something.
Li Youzhi also realized that the current occasion was not suitable for talking about these things, so he followed Ding Weifan to the office area behind the counter.
"What's going on? Why are so many people coming to withdraw money?" Ding Weifan asked eagerly.
Li Youzhi smiled bitterly and said: "Manager, we are also very surprised. It has been quiet before, but around nine o'clock, many people suddenly came with deposit slips and asked for withdrawals, and they wanted cash, no matter how our staff tried to persuade them. , they are so insistent, we can only handle it for them, but after dealing with one batch after another, the number of people coming to withdraw money has not decreased at all?"
After lowering his head and thinking for a moment, Ding Weifan raised his head and asked, "How much money do we still have in the bank?"
"In addition to the 10,000 taels of silver that were just shipped to the counter, there are about 840,000 taels left. According to the current withdrawal rate, this money can only support three days. If this situation continues, we will have no choice but to go bankrupt. The road is closed." Li Youzhi said anxiously.
"Have you sent someone to Yuanfengrun to negotiate with foreign banks for loan disbursements?" Ding Weifan smelled a hint of conspiracy. This sudden bank run seemed to be aimed at him. Who was leading all this? This made He felt a little uneasy, so he quickly asked about the loan situation.
"I sent someone there half an hour ago, and they're almost back now." Yuan Fengrun and Yi Shanyuan are not far apart. Half an hour is enough for a round trip. If nothing else happens, the staff sent out will be here soon. My son is on his way back.
¡°Notify me immediately when they come back.¡± Ding Weifan ordered.
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Just when Ding Weifan and Li Youzhi were discussing countermeasures, a gorgeously decorated carriage came to Yishanyuan's door. What got out of the carriage was a foreigner with a high nose and yellow hair. He was guarded by two servants. We squeezed into the overcrowded Yishanyuan Bank.
Although the people around them were very dissatisfied with the three people's behavior of jumping in line, due to the fear of foreigners formed after the Opium War, they did not dare to say anything and could only complain quietly in their hearts.
"Withdraw money!" The foreigner in the middle said coldly.
The clerk at the counter was a little strange. Most of the people who deposited money in banks were locals from Shanghai. Most foreigners deposited their money in foreign banks. Few foreigners would choose to deposit their money in banks. According to them, Chinese banks It's too low-level and they don't trust it.
Although it was extremely fast, the clerk at the counter still took the deposit slip and reviewed it according to the procedures.
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