Yang Lian didn't expect that these shareholders could be so shameless that in order to reduce their losses, they would use such a lack of business ethics, and let the central bank be used as a tiger skin, is it tolerable? It seems that these shareholders really don't shed tears when they don't see the coffin.

Of course, Yang Lian is not ungraceful to spit on them in the newspaper, but Yang Lian's method is to draw salary from the bottom of the kettle. Who is the largest creditor of Jiangsu and Zhejiang Bank? It is ordinary people, but the source of funds they need to reorganize is not ordinary people, that is, the Bank of Quanzhou, Guangzhou Commercial Bank, and Shanxi Bank, which hold their huge bonds, and it is these commercial banks that need to convert their debts into shares, and only these banks agree to convert their debts into shares.

The idea of restructuring was put forward by Yang Lian, and the target of the help was also a local commercial bank. Therefore, Yang Lian asked his subordinates to sort out his investigation report, and then issued it to various local commercial banks in the form of internal circulars, so that local commercial banks can take warning, and absolutely do not allow opportunistic shortcuts and undermine the strict banking system, the consequences of this will be very serious, and will continue to investigate the responsibility of bank shareholders, whether it is to reduce the bank's commercial credit, or to impose fines, these means can also be used at the same time.

Yang Lian didn't have to shy away from it, he signed and sent it directly, and this time he didn't give Jiangsu and Zhejiang Bank a chance to get the first month, so in accordance with the principle of distance and proximity, let all commercial banks get this notice almost at the same time, and let them decide for themselves how to consider the restructuring issue.

The shareholders of the Bank of Jiangsu and Zhejiang are rejoicing in their speculative skills, and the news in the newspapers has spread that not only has the momentum of the run weakened in the past few days, but the representatives of the Bank of Quanzhou have already contacted them to discuss the plan of capital contribution, and even the amount of debt-for-equity swap is being discussed, intending to seek the greatest benefit for the Bank of Quanzhou by virtue of their close neighbor relations.

The central bank's circular was like a basin of cold snow water, which directly dizzed the shareholders of the Jiangsu and Zhejiang Bank into a daze, and the Quanzhou Bank, which had already begun negotiations, retreated, and the Guangzhou Commercial Bank, which was in contact with them, quickly withdrew its negotiators, and the offices of the Shanxi Bank and the Huishang Bank directly closed the door to the people of the Jiangsu and Zhejiang Bank, and as for the other relatively small local commercial banks, they had not yet had time to contact the Jiangsu and Zhejiang Bank, and the central bank's circular had already been sent to their hands, and there was no intention of intervening at all.

If they dare to deceive again, Yang Lian really dares to risk his dismissal and make Jiangsu and Zhejiang Bank completely bankrupt, but he must not let himself be stigmatized as innocent, which is also the backbone of the reader.

The restructuring of the Bank of Jiangsu and Zhejiang is a new thing, and there is no precedent before this, coupled with the negative impact of Yang Lian's notification, it is obviously impossible for the Bank to negotiate with its creditors on its own. As a last resort, Yang Lian had no choice but to ask the central bank to come forward, gather all the creditors of commercial banks together, and then frankly admit that he loved the difficulties that Jiangsu and Zhejiang banks are now facing one by one, and slowly analyzed, so that they know that this situation is not a failure of normal business operations, but because some shareholders and senior bank officials have engaged in fraud and illegal operations, which has caused this situation, and if the current crisis can be resolved, it will still be able to make money in the future.

The Jiangsu and Zhejiang Banks have already dealt with their internal problems, and all shareholders who have participated in the grain hoarding, thus causing huge losses, have been ordered to compensate for all the losses, and the difference has been sold to real estate and so on. Those who lend usury, the saved funds will be frozen, and then paid according to the most basic interest, and the part of the high-interest fund-raising will be paid to every depositor according to the list they provide, but there is no need to think about the high interest, it would be good to be able to get the principal back.

After strict accounting, the Bank of Jiangsu and Zhejiang still has a deficit of nearly 150 million taels of silver, and the principal of the Bank of Jiangsu and Zhejiang is only 60 million taels of silver, but the shareholders still have money at home, not to mention that their own money is also stored in the various branches of the Bank of Jiangsu and Zhejiang. The commercial banks did not continue to ask for acceptance, but converted them into shares and became shareholders of Jiangsu and Zhejiang Bank.

After several rounds of difficult negotiations, the restructuring work was finally completed under the condition that the original major shareholder of Jiangsu and Zhejiang Bank was bleeding. It has to be said that in this reorganization, the Bank of Quanzhou suffered some losses, because their creditor's rights are the largest, but the shareholders of the Bank of Jiangsu and Zhejiang insisted that this was also an illegal operation of the Bank of Quanzhou, after all, these huge debts were not discussed by the major shareholders of the Bank of Jiangsu and Zhejiang, and they privately delivered them through the credit department of the Bank of Jiangsu and Zhejiang, which was also regarded as an illegal operation, which inadvertently increased the debts of the Bank of Jiangsu and Zhejiang and damaged the rights and interests of many shareholders.

The successful reorganization of the Bank of Jiangsu and Zhejiang has completely relieved Yang Lian, and now the Bank of Jiangsu and Zhejiang is no longer a simple local commercial bank, but has become a national commercial bank, and this time it has almost become a share expansion, although some of the body is weak, but with the development of hands, it is likely to become the largest joint-stock bank.

The current shareholding composition of the Jiangsu and Zhejiang banks is relatively scattered, and the shares of the original old shareholders are only 51 percent left, which they resolutely require to be retained, even if every shareholder has paid the price of the blood of the heart, after all, the Jiangsu and Zhejiang banks can still be profitable and very promising, and the Huishang Bank, which did not participate in the reception, took advantage of it this time, and they contributed in cash to buy 15 percent of the shares, and the other Quanzhou Bank, Guangzhou Merchant Bank, and Shanxi Bank occupied 30 percent of the shares. The central bank has paid out to many small depositors, accounting for 4% of the shares, and everyone is happy.

In order to prevent the occurrence of such incidents as this time when shareholders privately solicit savings for banks, lend beyond the quota, and make false acceptances at high interest rates in the future, the Bank of Jiangsu and Zhejiang has formulated a strict management system, and it is not allowed to require the consent of 75 percent of all shareholders for large-scale loans and additional shares issued by banks, otherwise the shares of the responsible persons will be directly confiscated and the losses will be compensated for the losses after the problems are discovered.

As one of the shareholders, the central bank has dispatched supervisory officials in the Bank of Jiangsu and Zhejiang, and from now on, including all commercial banks, branches in various localities are no longer allowed to have the right to issue large-amount acceptance bills, and all acceptances that exceed the quota must be approved by banks at or above the provincial level, and loans must be secured by sufficient assets, so as not to cause bad luck for banks when the borrower goes bankrupt.

This regulation of the central bank has greatly restricted some projects that require venture capital, but Yang Lian has been frightened enough by this turmoil and has become very conservative, resulting in this very conservative system formulation, making the development of new industries difficult.

In order to solve this problem, Tenglong Bank and Daming Royal Trading Bank reorganized their venture capital bank, and decided through the shareholders' meeting that all shareholders who are willing to invest in the venture capital bank must be responsible for all the risks with the amount of capital contribution, that is, if the investment fails, the shareholders voluntarily pay the depositors, which need to be paid from their own homes, rather than the head office.

However, the result of the discussion was very gratifying, everyone believed in Zhu Youxiao too much, and all the royal shareholders were willing to take risks with Zhu Youxiao, and they were willing to continue to increase capital and re-establish the venture capital bank. The occurrence of this incident had an unexpected result on the business in the following decades, that is, the development speed of Tenglong Bank was much faster than that of other commercial banks, accounting for half of the entire bank's credit assets, that is to say, Tenglong Bank's total assets accounted for half of Daming, becoming the strongest bank to resist risks, and was in an absolute leading position.