Chapter 575 Currency Reform

A year and a half ago, after Song Ziwen resigned, Kong Xiangxi took over as finance minister and vice president of the Executive Yuan, and implemented a series of financial reform measures.

Reducing land taxes, increasing commercial taxes, and strengthening the central government's financial control over local governments, and then issuing countless blank checks to win the support of the chaebols in Jiangsu and Zhejiang.

A few years ago, he persuaded Song Ziwen to come out of the mountain and become the governor of the central bank.

After that, a series of divine operations began.

Kong Xiangxi used the method of exaggerating assets and inflating creditor's rights to increase capital and reorganize the two largest privately-funded banks, the Bank of China and the Bank of Communications, and successfully allowed the central bank controlled by the Nationalist Government to embezzle more than half of the equity of these two banks......

Wang Zhaoming was angry and went to Qingdao to recuperate because of this, and he has not returned to Nanjing yet.

Next, Kong Xiangxi took advantage of the contradictions between Britain, the United States and Japan to secretly go to Britain and successfully persuaded the British government to support and agree to the Nationalist government's dependence on the British pound to implement currency reform.

After returning to China, Kong Xiangxi persuaded Song Ziwen to come forward and jointly establish China Construction Bank Company, the first investment bank in Chinese history, together with Chinese and foreign capitalists and bankers.

Fang Buwei initiated the last drinking party for this reason.

In the end, these plans of Kong Xiangxi and Song Ziwen were only for one purpose: to abolish China's current silver standard currency system, to nationalize gold and silver, and to implement the currency reform of the exchange standard.

Without reform, the national government will be at risk of bankruptcy.

By the end of the third or fourth year, there was very little gold and silver left in China after being bought by the United States and looted by Japan.

In the event of a widespread run, all domestic financial institutions, including the central bank, are at risk of bankruptcy.

This is also the main means by which the United States wants to indirectly control the Nationalist Government, and Japan wants to collapse the Nationalist Government.

But once the currency reform succeeds, the conspiracy of the United States and Japan will be defeated.

The Americans have not moved for the time being, and may not know that the Chinese government has a way to deal with it, and is already acting in the shadows.

But the Japanese had already gotten the news and were ready to secretly block it.

Zhao Jinshan did not know how much real money and silver the Japanese government and the Central Bank of Japan had prepared to implement the blockade plan, but he confessed that in Nanjing alone, gold and silver equivalent to more than 100,000 taels of gold and silver had been planned, and the amount was still increasing.

Fang Buwei's financial knowledge is basically equal to zero, and Zhao Jinshan is the same, they don't know the specific operation methods.

But Zhao Jinshan repeatedly mentioned a sentence that caused panic among the people, storing gold and silver, and at the same time rejecting fiat currency......

Currency reform has never been a strong order that can be worked.

If the public is not able to build trust in fiat currency in the first place, this reform will be tantamount to failure.

Fang Buwei didn't know what kind of rain of swords and arrows and bloody rain he would experience in the middle, but he knew that Kong Xiangxi's reform was successful in the end.

After the implementation, although the fiat currency depreciated year by year, and finally even waste paper was not as good as waste paper, but it was quite beneficial to China at this stage.

If the Nationalist government really went bankrupt, it would only return to the era of warlords, and once China and Japan went to war, China would simply not be able to concentrate all its armed forces and make effective resistance.

In addition to the information related to the treasury, Fang Buwei reported all the plans of the Japanese to Gu Zhenlong.

He didn't know how Kong Xiangxi and Song Ziwen dealt with it, but after Gu Zhenlong came back, he showed a shocked and frightened look, and praised Fang Buwei for a night.

Gu Zhenlong didn't understand the Tao of this, Kong Xiangxi and Song Ziwen explained to him for a long time before he understood.

According to Kong Xiangxi and Song Ziwen, knowing the Japanese plan this time is not a great credit for catching many spies and traitors.

Gu Zhenlong warned Fang Buwei that he should not interfere in the rest of the matters, including how the news leaked out, and Kong Xiangxi and Song Ziwen investigated it themselves.

Fang did not suspect that it was likely that a great figure was involved, and it was the chairman who issued a gag order.

Anyway, the currency reform will definitely succeed in the end, so Fang is not worried about this, but has a heart for this treasury.

How much gold and silver the Japanese hid in Shanghai, Beiping, Tianjin and other places is not immeasurable, but the vault hidden in Nanjing is not determined to be obtained.

100,000 taels of gold!

How many weapons and food can be bought?

It was because of this 100,000 taels of gold that Fang Buwei was half-coaxed and half-deceived and asked Zhao Shirui to come forward and buy the Sihai Freight Company.

As a traverser, if you don't do much, you won't be sorry for your conscience.

But the problem also came, Zhao Jinshan didn't know where the vault was.

Fang Buwei suspected Heshui Gold Bank for the first time.

Through Zhao Jinshan's confession, it also indirectly proves that this gold bank has an inextricable relationship with the largest Japanese bank in China, the Huari Bank.

But what surprised Fang was that none of the shareholders of Heshui Jin Bank had any direct relationship with the Japanese, including Wu Wenzhai, who was the most suspicious.

In the past three months, he has been knocking on the side, openly investigating and secretly visiting, and even through Chen Zuyan, even Song Ziwen's relationship has been used, and he has not found out that there are banks and financial institutions in Nanjing that have a direct relationship with the Japanese.

Later, Gu Zhenlong heard the rumors, and thought that Fang Buwei had the idea of making peace with Shui Jinxing, so he made a special trip to call him to the military police headquarters to warn him.

The Jiangsu-Zhejiang consortium is a behemoth, the biggest financier behind the chairman, who dares to touch the tiger's beard?

Fang Buwei had to stop fighting.

He originally thought that Nakamura and Yamada might know some information, but he didn't expect that these two were not as good as Zhao Jinshan.

Fang Bu was scratching the anxious cat, but he couldn't think of anything for a while.

It is understandable that the exact location of the vault cannot be found, but it is impossible to find out where so much gold and silver came in.

Fang Buwei frowned tightly.

Ariyoshiaki is now the Japanese consul general in China, and he must know everything about this kind of thing.

But this is a super nuclear bomb, and Fang Bu would rather waste the 100,000 taels of gold than dare to fight Ji Ming's idea.

What should we think of again?

Fang Buwei sat opposite Tong Miao, and his mind was full of golden colors.

"Is this kid stupid?" After waiting for almost half an hour, there was no movement from Fang Buwei, and Chen Chao couldn't hold his breath first.

"I guess I've encountered some kind of problem!" Gu Zhenlong replied.

"Go down and ask!" Ma Chunfeng said.

His focus was not on what Fang Buwei was asking about, but on what the injection he gave to these three people was when he was halfway through.

Hearing footsteps in the hallway, Fang Buwei woke up from his contemplation.