13. Anglo-Chinese Bank (Part II)

Within three days of the opening of Xu Qing's Anglo-Chinese Bank, the entire banking industry in London could not sit still. Pen @ fun @ pavilion wWw. biqUgE怂 infoBecause these three days, but three days of heavy losses. Many people who originally wanted to negotiate loans have also terminated their agreements, and even some who have just reached an agreement will break the agreement immediately, preferring to pay liquidated damages rather than continue to perform the agreement.

This is the so-called "contract spirit" in the West, and the essence of the contract spirit is that as long as there is a greater benefit, the contract can be torn up at any time. As long as the cost of violating the contract is far less than the benefits brought by the breach of the contract, then they can also tear up the contract to their heart's content, which is the essence of the spirit of the contract.

So many people put down the business they had just negotiated and took the initiative to find Anglo-Chinese Bank.

Even this is not the worst, the worst thing is that many people who have already deposited in these banks have started to run on their money, just to deposit their money in Xu Qing's Yinghua Bank. Xu Qing's Yinghua Bank not only does not charge any custodian fees, but also gives interest. Although the interest rate is lower, but the mosquito leg is also meat, and the low interest rate is better than no interest and the storage fee has to be upside down!

Now the entire London banking industry is whining and lamenting, and a large number of runs have appeared. After all, the banking industry is all about lending money, and if all of a sudden everyone comes to run on it, wouldn't it be miserable? It's easy to go out of business!

However, these bankers, with a network of connections behind them, soon found Queen Victoria.

"Your Majesty, this Chinese is really a bastard, actually digging the foot of the wall with such a faceless method!" Someone started spraying right away.

However, Xu Qing had already been prepared, he knew that these bankers were all connected to the British high-level behind them, and he had already been prepared.

"Your Majesty, in the charter you have given me, it says that I can enjoy the rights of the vast majority of British citizens, and that I can enjoy almost all the rights of British citizens, except for a few political rights, provided that they do not violate the law. Of course, I don't think I've broken the law, I think my business method doesn't seem to be explicitly prohibited by the laws of the British Empire, right? The so-called law does not prohibit it, I think the British Empire should be governed by law, right? Xu Qing asked.

The bankers directly sprayed: "Your Majesty, but this Chinese is breaking the rules here!" ā€

"Legal competition, so what?" Xu Qing also retorted.

Queen Victoria also has a headache, Xu Qing is China's minister to Europe, according to the rule that "the two countries are at war without killing each other", not to mention that Britain and China are not at war now. The war that took place five years ago has long since ended, and peace has been restored on both sides.

Not only was peace restored, but it was also moving in a friendly direction, and Queen Victoria didn't want anything to happen. Xu Qing, after all, is China's minister to Europe, and according to Western rules, he has diplomatic immunity. Although there are no strict rules on diplomatic immunity in various countries, the basic principles are common all over the world, and even the East and the West have some special powers over diplomatic officials.

So Queen Victoria really can't take Xu Qing, let alone Xu Qing, it will only close the Chinese market that has opened a gap again.

Although the interests of bankers are important, they are still not large compared to the Chinese market as a whole.

"Ladies and gentlemen, I think Mr. Xu is right, Mr. Xu has not violated the laws of our British Empire this time, so he is actually just a new business method, not something illegal. We in the British Empire should obey the law, and since the law prohibits it, it should be allowed! Queen Victoria took the initiative.

Looking at these menacing bankers, Xu Qing also wanted to snicker in his heart, and secretly thought: "Hehe, this time I also borrowed my diplomatic identity to seek benefits." If it weren't for my status as China's minister to Europe, I'm afraid you would have to clean me up a long time ago. But I have this status as a minister, and you don't dare to mess around. You also taste what it's like to be bullied by diplomats using their diplomatic status! ā€

Xu Qing's status is very good, not only as the Manchu minister to Europe, but also has diplomatic immunity, so that the vast majority of British people dare not hurt him openly and secretly, after all, the identity of a diplomat is not ordinary.

As for Xu Qing's other status, he can also enjoy the same treatment as British citizens, which is almost the same as the green card in later generations. The green card is not a nationality, and can enjoy the rights of most citizens, except for a few political rights. So this is a very suitable method, so that Xu Qing can use these two identities to make profits for himself!

Those bankers saw that Queen Victoria was so biased, and they didn't have much to do. Because they also know that Britain has always hoped to open up the Chinese market, and the Chinese market is Xu Qing's biggest talisman. So it's impossible for them to treat Xu Qing like this, which is their biggest problem.

"However, if we continue to do so, we will all be run on by those depositors. So what do we do? The British bankers complained.

Xu Qing took the initiative to take a step back and said, "Since this is the case, I limit us to only five thousand pounds a day, how about this?" The daily limit is 5,000 pounds, so I think you should be able to make the transition in time, right? If you can't seize the time to transform, that's your own business, don't blame me! ā€

Xu Qing knew that it was necessary to compromise, otherwise these guys would really go crazy. Saving £5,000 a day is enough to give them a chance to change in time. If they still can't change their business mode in time, then Xu Qing is not to blame.

In fact, they can also learn Xu Qing's business method, there is no need to stop Xu Qing. If they can't even study on their own, then don't blame Xu Qing.

When the bankers in London, England, heard this, they all had to give in. This is also a political game, although they are very noisy and fierce, but they also know that this new business model can no longer be stopped. Even if they stop Xu Qing, there will also be others who adopt a new way. They just wanted to delay as much as possible and give themselves a chance to breathe.

Xu Qing also knows that even if he doesn't use this method, other bankers will use it. These guys look aggressive, but in fact they don't have much to fight for.