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Shanghai Storm Chapter 45 Shanghai Industrial and Commercial Bank

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    China¡¯s two largest banks, Yuan Fengrun and Yishan Yuan, closed down one after another, and subsequent chain reactions also occurred one by one.  A large number of banks in Shanghai closed down after hearing the news, dozens or hundreds of factories immediately shut down, and more than 300,000 industrial workers were immediately unemployed. The market was extremely tense.

    The financial crisis occurred in Shanghai, but because the two major banks had branches all over the country, as Shanghai's financial industry collapsed, a nationwide panic also occurred, reaching Beijing and Yingkou in the north, Guangzhou in the south, and Guangzhou in the west.  Hankou, Chongqing, and other major industrial and commercial cities across the country were plunged into extreme panic.

    During this process, Fang Hua has been standing by with a cold eye. In fact, with his current capital, he can completely support the two major banks to survive this crisis. However, considering that once he comes to help, it is likely to change the development of history. Once the stock market crash does not occur,  If it caused heavy losses to the Qing government, it would be difficult for the subsequent Sichuan Road Protection Movement and Wuchang Uprising to occur.  The reason why Fang Hua is able to prosper now is because of his understanding of historical events. If the historically vigorous Revolution of 1911 could not happen due to his own reasons, then China would still be under the rule of the decadent Qing government. Being weak day by day, long-term pain is worse than short-term pain. Even if you lose some at this time, it is worse than continuing to let the Qing government rule China and being sucked by the big powers every day.  It was based on this idea that Fang Hua made no move in the end until Yishanyuan Bank collapsed.

    Yang Zhi followed Fang Hua into the carriage and asked for instructions: "Master, where are we going?"

    "Nanjing Road in the Concession, let's visit Ding Weifan, the manager of Yishanyuan." Fang Hua replied.

    "Yes" Yang Zhi didn't say much. He gave instructions to the driver and waited quietly.

    Hearing that the young man who made shocking remarks last time came to visit again, although Ding Weifan was in a bad mood, he went out to greet him in person.

    "Mr. Fang, welcome." Seeing Fang Hua and others waiting at the door, Ding Weifan reluctantly stepped forward with a smile to welcome them.

    "Why do you have the nerve to let Manager Ding go out to greet you in person?" Fang Hua was slightly stunned when he saw Ding Weifan going out in person, and quickly stepped forward and said politely.

    "I am unemployed now, so don't call me manager anymore. Mr. Fang, please come in quickly. We had a great conversation last time. You were right about the rubber stock. I admire you very much. This  We must have a good chat this time." After saying that, Ding Weifan enthusiastically stepped forward and pulled Fang Hua into the living room.

    The two of them sat down. Fang Hua felt that the room was a little deserted, so he asked, "It seems very quiet here. Where is Mr. Ding's family?"

    Ding Weifan smiled bitterly and said: "I can't afford to live in this house. My wife is taking the children to see a new house. If Mr. Fang comes a few days later, he won't be able to find me here."

    Fang Hua was shocked when he heard this. Normally, Ding Weifan has been the manager of Yishanyuan for so many years and his net worth should be very rich. Why can't he even keep the house in the concession?  But this is other people's privacy, and it's not easy for Fang Hua to interfere with it.

    Ding Weifan didn't care. Seeing that Fang Hua had some doubts, he took the initiative to explain: "My dividends over the years have basically been used to purchase shares of Yishanyuan. Yishanyuan collapsed, and I didn't have anything left. That's all.  If the house is still worth a few dollars, just sell it."

    Fang Hua has been in Shanghai for more than half a year and has some understanding of Shanghai¡¯s land prices. He knows that the land prices on Nanjing Road in the concession are the most expensive. Being able to own a house on Nanjing Road also symbolizes his status in Shanghai.  Now that Ding Weifan has to sell his house on Nanjing Road, he seems to be at the end of his rope.

    "With Mr. Ding's talent, I believe there will be a place for you in Shanghai's financial community." Fang Hua comforted him softly when he saw his pessimism.

    "Now Shanghai's financial industry is dominated by foreign banks. Almost all local banks have been wiped out. How can there be any place for me? Mr. Fang is so grateful." Ding Weifan was a little disinterested, waved his hands gently and said with a bitter smile.

    Fang Hua carefully observed the expression on Ding Weifan's face. Compared with the high-spiritedness when they last met, he was a little lost at the moment, and even his face was a little pale.  Fang Hua inquired that Ding Weifan had been an apprentice in a bank since he was a child, and gradually reached the position of manager of Yishanyuan. It can be said that he had been in the banking industry for the first half of his life. The collapse of Yishanyuan should be a blow to him.  It's very big, otherwise I wouldn't have cried bitterly on the day Yishanyuan collapsed, and finally passed out on the spot.

    "Mr. Ding, have you ever thought about what will happen after Shanghai's financial world is controlled by foreign banks?" Fang Hua asked tentatively.

    Hearing this, Ding Weifan's face changed. First he turned red and clenched his fists tightly. Then he sighed helplessly and said: "What else can there be? The reason why those foreign banks deliberately squeezed out Yishanyuan and Yuanfengrun."  ?The mainstay of the local financial community in Shanghai is to cut off the local capital chain and make it impossible to carry out financing, and then take the opportunity to acquire some industrial and mining enterprises at low prices, and finally dominate Shanghai's industry and commerce.  "

    "Mr. Ding, don't you want to stop them? Shanghai's industrial and commercial colleagues have accumulated little by little. If those foreigners take all this away, the achievements of our local compatriots over the years will be destroyed.  "Fang Hua continued to stimulate.

    Ding Weifan was also a little indignant, but in the end he said helplessly: "I want to help them, but unfortunately I am powerless. If we want to rescue the industrial and commercial colleagues in Shanghai, we will need huge funds, but I can't even own this house."  If you can¡¯t keep it, how can you still have the ability to fight against those foreign banks with strong capital?¡±

    "If someone wants to invest in setting up a new bank and then hire Mr. Ding as general manager, I wonder if Mr. Ding has the ability to compete with those foreign banks?" Fang Hua said with a sly smile.

    Hearing this, Ding Weifan immediately jumped up from the sofa, pointed at Fang Hua and asked in surprise: "You mean someone wants to invest in setting up a new bank in Shanghai?"

    Fang Hua can understand why Ding Weifan is so surprised. After all, as a bank manager who has just gone bankrupt, if someone suddenly informs you that a big bank wants to hire you, I'm afraid that person's behavior will be even more abnormal.

    Fang Hua stood up and said with a smile: "To be honest, I have quite a lot of money in Shanxi. When I came to Shanghai this time, I saw that local banks have closed down one after another. Foreign banks have almost monopolized Shanghai's financial sector and even extended their hands to colleagues in industry and commerce.  , I can¡¯t stand it, so I want to set up an industrial and commercial bank to help Shanghai¡¯s industrial and commercial colleagues and preserve the results of the local compatriots¡¯ hard work over the years.¡±

    "I wonder how much Mr. Fang plans to invest? You must know that the investment cost of setting up a bank is very high." Ding Weifan calmed down a little and asked politely. After all, if everything goes well, the young man in front of him will become his new boss.  .

    Fang Hua smiled slightly and said: "Not much, five million taels of silver, I think it should be enough!"

    "Five million taels?" Ding Weifan was surprised again. He didn't expect that the young man in front of him could quietly take out a huge sum of five million taels. You must know that even Yishanyuan Bank, as the largest private bank in China,  One of them has total assets of tens of millions of taels, but its own capital is only about three million taels. Most of the rest are savers' deposits and loans from other banks.

    Ding Weifan swallowed and asked incredulously: "I don't know when Mr. Fang plans to establish a new bank. You must know that foreign banks are about to start targeting Shanghai's industry and commerce."

    "It depends on Manager Ding. My money can be available at any time. As long as Manager Ding finds all the people, it will be established. I think recruiting people will not be difficult for Manager Ding, right?" Fang Hua joked  Said, with Ding Weifan's status in Shanghai's financial community, coupled with the large number of bankruptcies of local banks, it is still easy to find talents in the banking industry.

    ;
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