Chapter 221: Chinese Coins Sweep Jiangnan
Obviously, Wang Yongan has no intention of promoting Chinese currency to the whole country as a circulating currency, so the background of Chinese currency he chose is only the nest of Yangzhou. Interestingly, the www.biquge.info of the Chinese coin is based on the use of temples and monks, leading many people to name the Chinese coin as a Buddha ticket.
In addition to Taoist believers resolutely not using the so-called Buddha tickets, some Christian, Catholic, and Islamic believers resolutely do not use Chinese coins, and even burned a large number of Chinese coins in the northwest for this reason, of course, they also lost a lot of money for this - this cannot be blamed on Wang Yongan, and some believers are too intolerant of other beliefs, denying the concept of universal harmony of Chinese culture.
Due to the small denomination of Chinese currency, exquisite production, strong anti-counterfeiting ability, easy to carry, and guaranteed exchange, and Wang Yongan in Shanghi in addition to the establishment of the head office of the Industrial Bank of China, but also the establishment of ten convenient exchange of the Bank of China branches, the establishment of 20 branches in Jiangsu Province, the establishment of 10 branches in Zhejiang Province, the establishment of 5 branches in Anhui Province, so Wang Yongan's company employees are assured and bold to use the Chinese currency.
Subsequently, Zhang Jian suddenly announced that Dasheng Yarn Factory would hand over the payroll business to the Industrial Bank of China, and the wages were also paid in Chinese currency, which gave Wang Yongan great face, which was originally used by the employees of Yanghua Real Estate Company and the employees of China Shipping Group, but with the support of Zhang Jian, businessmen in Jiangsu Province chose to use and accept Chinese currency instead of silver to pay monthly wages to the workers. Of course, the workers accepted the Chinese currency, and the peasants in the countryside still believed in copper coins and silver, but many farmers who believed in Buddhism accepted the Chinese currency, and in their opinion, the Buddha ticket was blessed by the Bodhisattva......
In the spring of 1911, the Chinese currency first began to circulate in Yangzhou and Nantong, as Wang Yongan's old nest, the streets of Yangzhou were basically not seen large-scale silver trading, and the salt dealers were under pressure from Wang Yongtai and Wang Yongan, and had to exchange the silver for Chinese currency immediately after entering Yangzhou. The main reason for the circulation of Chinese currency in Nantong is Zhang Jian's support, because Nantong is Zhang Jian's old nest, the location of Dasheng Yarn Factory, more than tens of thousands of workers, after the use of Chinese currency to pay wages, the people of Nantong soon took over the Chinese currency. Subsequently, Shanghi also began to gradually accept Chinese currency, and with the popularity of Lemai grocery stores in Shanghi, the legitimacy of Chinese currency was driven.
At the end of January, Wang Yongan hurriedly came to Shanghi to meet with the Zhejiang business group, and with the support of a large number of Zhejiang businessmen such as Yu Qiaqing and Zhang Jingjiang, the head of the Zhejiang businessmen's group, many Zhejiang businessmen began to accept the use of Chinese currency for the operation of wages and funds.
Zheshang Group and Sushang Group represent half of the four most financially powerful consortia in the Qing Dynasty, and with the support of these two consortia, China Industrial Bank has been able to grow rapidly. Beginning in March 1911, the Industrial Bank of China swept through Jiangnan with the momentum of a private financial giant, influencing the Qing Dynasty.
The issuance and use of Chinese currency hit the Jiangnan region like a storm, and its appearance seriously affected the ticket number and the bank, which was already fragile under the rubber stock market crash, and after many businessmen invested their money in the Industrial Bank of China, they had to close down. More money banks found Zhang Muqun, hoping that he could pull himself, but unfortunately Zhang Muqun couldn't be the master, not to mention half of the money bank and ticket number, even if it was the money bank of the Qing Gang. The financial war is as ruthless as any war, and Wang Yongan's China Industrial Bank has been unable to stop, and if it does not dominate Shanghai Beach, it will not give up, how can it let anyone go?
Therefore, Wang Yongan asked Zhang Muqun to do only one thing, annex the money bank and the ticket number, integrate Shanghi Finance, and there can only be one super bank in the entire Shanghai Tang, that is, the Industrial Bank of China. Based on this purpose, Zhang Muqun resolutely refused the cooperation of many Yinzhuang ticket numbers, annexed the Yinzhuang and ticket numbers that were about to collapse, and quickly occupied its financial market.
The financial market is a typical capital market where big fish eat small fish and small fish eat shrimp, and some people with better business capabilities have to take the initiative to join under the pressure of this financial giant. Unconsciously, the Industrial Bank of China actually pried the corners of the Qing Dynasty, and in the Liangjiang area, Chinese currency replaced silver bills as the currency in circulation.
Since the end of the Ming Dynasty, Shanxi merchants began to cooperate with the Manchu government to sell weapons and grain to the Manchu Eight Banners, and then the Manchu Qing Dynasty entered the customs, and the Shanxi silver ticket number was opened to all parts of the country, and the imperial court guaranteed the Shanxi ticket number, and the silver ticket number of the Shanxi ticket number became a symbol of finance and stability.
The most glorious period of Shanxi ticket number, is the eighteenth century of Qiao Zhiyong's life, coincided with the Opium War, Qiao Zhiyong abandoned the literary business in the name of show talent, in the era of the country's general non-country, reformed the Shanxi ticket number, so that the Shanxi ticket number from the most primitive savings function developed into a kind of financial institution close to later generations, by supporting the Qing court to exterminate the Taiping Heavenly Kingdom movement, further strengthened the symbiotic cooperative relationship with the imperial court, and then updated the ticket number industry in real time, expand business. Qiao Zhiyong himself made friends with the powerful, up to the royal family and nobles Lafayette, down to the peddlers and pawns and small households, and dredged the Quartet to make friends, when the Eight-Nation Coalition Army entered Beijing, Cixi fled westward, Qiao Zhiyong took Cixi Guangxu and his party to live in Qiao's compound, and took the initiative to lend 400,000 taels of silver to the imperial court for living expenses when fleeing west, so no matter who is the governor of Shanxi, he must first visit Qiao Zhiyong and make friends with Qiao's family.
Under the management of Qiao Zhiyong, the Shanxi ticket number undertook the national tax task after the Gengzi year, and became the national bank of the Qing Dynasty in disguise, and the Qing government wanted to maintain the dominant position of the Shanxi ticket number in China's financial industry no matter what. However, the most glorious time is often the most dangerous time, after Qiao Zhiyong's death, the Shanxi ticket number gradually faded from its former glory with the decline of the credibility of the Qing government. In the end, it withdrew from the stage of history with the fall of the Qing government and the establishment of the Republic of China government. However, the emaciated camel is bigger than the horse, and the Shanxi ticket number fell, but out of a lot of financial talents, Kong Xiangxi, the Minister of Finance of the Republic of China who was born in Taigu County, Shanxi, built China's banking system through financial reform, increased the country's control over the capital market, and finally became the god of wealth of the national government, also known as the richest person in the Republic of China in later generations.
Although the Shanxi ticket number is in the twilight at this time, it is far from being able to make Wang Yongan fall down, but due to the rubber stock market crash, it is difficult for the ticket number and silver ticket to pass in the Jiangnan area. On the contrary, because of the small face value, strong anti-counterfeiting ability, convenient passage and easy to carry, the small denomination of Chinese coins squeezed out of the Jiangnan area.
Silver bills are more convenient for large-denomination financial transactions, and the Chinese dollar is not only convenient for large-denomination financial transactions, but also convenient for small-denomination finance, because the bank has sufficient funds, the people are very assured of the Chinese dollar. Gradually, ordinary people also began to use Chinese coins intentionally, especially some small traders and hawkers, who loved and hated copper coins with relatively fluctuating exchange rates.
Later, Zhang Muqun opened the Chinese currency to ordinary people who were not employees, but he did not expect that this opening would be like the flooding of the Yellow River out of control. What caught Wang Yongan off guard was that the people even lined up to exchange Chinese coins, and only seven days later, the Industrial Bank of China absorbed as much as 20 million taels of silver, and the copper coins in Jiangnan and Jiangbei were used together with Chinese coins, and there was even no silver circulating in the market for a while.