Chapter 92 Investment Banking

Both matters were actually very tricky, and although Chen Guangfu was not from the Nationalist government, he was still keenly aware of the contradictions between the navy and Chongqing. The www.biquge.info looked at Miao Yuntai sitting next to him, and then at Li Guangqian and Zhi Bingyuan who were sitting on Li Kongrong's side, and he looked a little overwhelmed: "Brother Han Sheng, does the government have to agree to these two conditions if it wants to borrow?" ”

"The navy has made sacrifices, and the government always has to give some face, right?" Li Kongrongqiang smiled. "You have to be clear, I can build another aircraft carrier or buy more planes with this money, and now I have to transfer it to the national government, and I must compensate the navy for something. At that time, on the shores of KΓΆnigslake, I only said that the gold, silver and jewelry on the sunken ship were at most 10 million US dollars, and if the issuance of Xinzhong Shipbuilding shares went smoothly, the loan would not be lower than this amount, which is really not a small amount. ”

"Of course, of course." Chen Guangfu nodded hurriedly, he didn't expect Li Kongrong to agree like this. "I'll go back, I'll send a telegram to Dean Yongzhi right away, I'll ......"

"Don't be in a hurry." Li Kongrong stopped him, "Originally, I was going to make a special trip to visit Brother Guangfu, but since Brother Guangfu is here today, then we will talk about it at one time, time waits for no one."

First, Wang Jingwei's puppet government will soon be established, and although Japanese military bills have been circulating on the market for a long time, once Wang's puppet government issues banknotes, the fiat currency will definitely not be able to stand in the occupied areas. Last time, I told Dean Yongzhi that the Japanese were trying to counterfeit fiat currency, so I asked him to be careful. Since the Japanese are counterfeiting fiat currency, we can't make yen, so why not print some Chinese reserve bonds? ”

As soon as he said that the Japanese were counterfeiting fiat currency and that they were going to print fake government banknotes, Chen Guangfu's eyes immediately straightened. Zhi Bingyuan said excitedly: "This is a great idea! In this way, even if the fiat currency cannot be kept, it can also disrupt the financial market of the puppet government, and the printed counterfeit currency can be used to purchase goods in the occupied areas, greatly relieving the pressure of the national government's anti-Japanese war. ”

"Wherever it is useful in front of the light, please do not hesitate to command." Lee Kong Chien's eyes also lit up, he liked the idea too much.

"Me too, as long as the Yunnan Provincial Government can help, Brother Hansheng and Guangfu please do as they ask." Miao Yuntai followed. This kind of thing that helps to spend money, whoever doesn't try his best to help is a fool.

"I will immediately send someone back to China to discuss this matter in detail with Dean Yongzhi." Chen Guangfu was greatly excited, and he couldn't wait to run back and suggest this matter to Chang Kaishen and Kong Xiangxi in person.

"Not busy." Li Kongrong also smiled, he was worried that there was no Shanghai banker, and Chen Guangfu was the best Shanghai banker. "Originally, it was best to discuss this matter privately with Brother Guangfu, but since everyone is of the same mind, it doesn't hurt to know. I believe that you can keep secrets, but I am not very relieved by the people around me, and I am not too relieved about the government's ability to keep secrets. In short, it is up to people to plan things, and it is up to heaven to make things happen. ”

Li Kongrong's gaze swept over everyone's faces, Zhi Bingyuan is his own person, he is relieved, Miao Yuntai is Long Yun's person, and most of the people in the Yunnan government are locals, so they are also more assured. Lee Kong Chian ...... his last impression in Singapore, there were many pink intellectuals there, and it was difficult to say whether it could be kept secret, but Chen Guangfu, there are everyone in Shanghai, and the counterfeit money plan really needs to be careful and careful.

"Another thing is the issue of the concession's travel funds." Li Kongrong then said the second thing. "Brother Guangfu is based in Shanghai, I hope that before the Japanese go south to occupy the concession, I will try to guide all the money from the concession, I wonder if this can be done?"

"The Japanese went south?" Chen Guangfu has been trying his best to ask for a loan in the United States, and he is not aware of Li Kongrong's speeches and answers to reporters' questions in Hong Kong and Singapore. "What Hansheng means is that Japan will go to war against the great powers of Britain, the United States, and France?"

"That's for sure. These days, I have received some information showing that since the beginning of the war, the Japanese government has spent more than 20 billion yuan, and it is likely to reach 25 billion yuan. Li Kongrong breathed a sigh of relief when he said this.

Because the Japanese army suffered far more casualties than history, and the Japanese government's expenditure far exceeded history, I really don't know whether this is a good phenomenon or a bad phenomenon. According to a paper he once wrote on the comparison of Chinese and Japanese military expenditures during the eight years of the War of Resistance Against Japanese Aggression [Note 75], Japan's total military expenditure during the eight years of the War of Resistance against Japanese Aggression was 31.666 billion yen in the current value of 37 years, and 27.8 billion yen was spent from 37 to 41 years (before the Pacific War), accounting for 87 percent of the total military expenditure in the eight years. In 42 years, military spending fell from 6.2 billion yuan in the previous year to 2 billion yuan, and continued to decline in 43 years, to only 1089 million yuan, 534 million yuan in 44 years, and 121 million yuan in 45 years.

Although it is now known that Japan's government expenditure and military expenditure are not separately listed, the government's expenditure, which was originally only 21.3 billion yuan, has increased to more than 25 billion yuan, which shows that Japan's situation is more urgent than in history. Advancing north to seize that wasteland of Siberia will not help to improve the extremely tight financial situation, and the southward advance is certain, otherwise the only way to withdraw troops from China is to do so. However, Japan's central and secondary nature, Chongqing would not be able to withdraw its troops without surrendering, so there was only one result: to advance southward.

Li Kongrong was suddenly a little stunned, but fortunately he returned to normal after a while. "Brother Guangfu, I think France will be defeated and surrendered in the middle of next year, and once France surrenders, the Japanese army will invade the northern part of French Annam to cut off the Yunnan-Vietnam railway. This was only the beginning, and the next step for Japan after the signing of the Triple Alliance Treaty between Germany and Italy and Japan was to occupy the southern part of French Annam and then go to war with Britain, the United States and the Netherlands. Under these circumstances, I hope to attract the concession capital to the United States, and the newly established New York New China Investment Bank can approach this business. ”

Finally got to the point of today, and the following matters will be handed over to Zhi Bingyuan. Zhi Bingyuan took out a few prepared Jane reports: "Ladies and gentlemen, the capital of the New China Investment Bank is 10 million US dollars, except for the US one, the remaining shares are subscribed by our parties, this is the draft share distribution table, please take a look." ”

Briefings are given out in a targeted manner, and everyone else's share is completely black, except for the reserved share given to everyone. Chen Guangfu's 89.61 percent has been blacked out, and he only has a blank share of 10.39 percent, which means that he can only account for 10.39 percent of the shares at most.

"This ......," Chen Guangfu pondered for a moment, and he asked, "What is the main business of this investment bank?" ”

"The main purpose of this investment bank is to facilitate the investment of domestic clients, Shanghai Concession and Nanyang clients in the U.S. financial market, and of course in U.S. industries." Zhi Bingyuan explained. "The United States will not allow Hitler to rule Europe and Japan to rule Asia, and it is certain that it will enter the war. It's just that next year is an election year, and President Roosevelt will try to exercise restraint in Germany and Japan in order to appease domestic isolation, and Wall Street will also release negative news after the defeat of France to try to suppress stock prices to facilitate bottom-buying. The second half of next year is the best to enter the market, followed by '41, and '42 will be too late.

If nothing else, Brother Kok will step down as chairman of the board of directors of OCBC Bank in Singapore to become chief investment banker, Mr. Lee Binglin (Guoqin) of New York will become vice president, and Mr. Jerome Davis Green of the United States will become chief executive officer. The shareholders are mainly Green Brothers Bank of New York, OCBC Bank of Singapore, Fudian Bank of Yunnan, Bank of Guangdong, and New China Defense Co., Ltd. of the United States, and Guangxi Provincial Bank, Bank of Shanxi Province, Zhejiang Industrial Bank, and Zhejiang Industrial Bank are also negotiating. In addition, there are a small number of dry stocks, which are the same wherever they do business, and they are inevitably vulgar. ”

"I understand that." Chen Guangfu was shocked in his heart, the three banks in the south and the four banks in the north, and the three banks in the south are all here, plus the Yunnan Fudian Bank, the Guangxi Provincial Bank, and the Shanxi Provincial Bank, all three of which are banks controlled by warlords, which means that the Xinzhong Investment Bank has pulled over all the non-governmental financial forces in the country, and the Shanghai Commercial and Savings Bank can be regarded as worthy of itself with 10 percent of the shares in it.

"It's just, it's just ......" Chen Guangfu stammered a few times, took out a handkerchief and wiped his sweat before saying, "The million-dollar savings bank may not be able to take it out at present." Of course, brother, I'll try to find a way to raise it. ”

"The registered capital is just a turn in the account." Li Kongrong said bluntly, "It's not that you have to invest a million US dollars to come in, Brother Guangfu really wants to be interested in participating, you can raise a sum of money to enter the account and then borrow it back, just pay some interest." The important thing is whether Brother Guangfu can bring in customers, only with customers can there be profits, and it is meaningless to invest more money without customers. ”

"This brother knows. The savings bank has the largest amount of savings in the country, and the customers are also the largest, and the brother is sure of this. "Chen Guangfu fully knows the value of the savings bank, which is why he gave himself 10.39 percent of the shares." It's just that the Japanese in the occupied areas are getting stricter and stricter, and it's not easy to ship out real money. ”

"There's nothing to worry about." Li Kongrong said with a smile. "The navy can be responsible for transporting gold and silver foreign exchange out of the mainland."

"Naval transport?" Chen Guangfu was very surprised, "Do you use submarines to transport them?" ”

"Submarines can be transported, but better are airplanes." Li Kongrong said. "The Navy has a large seaplane, which can take off and land without a runway, and the Jiangsu-Zhejiang River forks are vertical and horizontal, and it is very convenient to take off and land. As long as the domestic side can concentrate gold and silver, the navy will naturally be able to break through the Japanese blockade and transport gold and silver foreign exchange. ”

"Is that true?" Chen Guangfu looked at Li Kongrong, disbelieving and somewhat believing. He hoped that this was true, because the Japanese Planning Institute was extremely strict with financial control, and everyone knew that paper money was worthless, but no one dared not use paper money, and ordinary people were just fine, and the rich people's gold bars and silver dollars could not be shipped out, and they did not know where to hide safely.

"If Brother Guangfu is free, he can take the time to go to San Francisco to see this kind of seaplane." Li Kongrong is colorful. "The Navy is currently working on a transportation plan aimed at building a logistics network in the occupied areas to bring in weapons and ammunition and transport all kinds of supplies at the same time. Of course, this requires the cooperation of the government and the cooperation of all forces, which is indeed difficult and will always be solved. ”

"Good. I'll definitely check it out. Chen Guangfu grasped this briefing in his hand, and the meaning of the shareholding was quite clear.

"Alright. Since Brother Guangfu is interested, let's sign a letter of intent later. The bank will be incorporated in January next year at 46 Wall Street. Li Kongrong felt that the matter was basically over, and the rest would be handed over to Li Guangqian and Zhi Bingyuan.

"Brother Hansheng, brother has a reluctant request." Li Kongrong was about to leave politely for a while, but Chen Guangfu said: "Since the Singapore-China company has such a relationship in the United States, I don't know if I can help guide the loan to China." ”

"Loans?" Li Kongrong thought of Chen Guangfu's work in Washington, and pondered for a while before saying: "Brother Guangfu, I think the government is not too tight in other aspects except for the foreign exchange of leveling funds. What the government really meant was probably to tie Washington with loans and bonds, as Britain and France did in the last World War, and I don't think that would be a success in this effort. The existing tung oil loan is a mortgage loan, not a credit loan or an unsecured bond. If the United States and Japan really want to ease relations, the Japanese will just admit this loan. ”

"Yes, the government has this meaning, but at present, the equalization fund is tight, and foreign exchange is becoming more and more scarce. It can be seen that Chen Guangfu's work in the United States is quite unsmooth, and his face is full of bitterness when he talks about this matter. "Can Brother Hansheng help introduce some dignitaries from Washington?"

"Of course I can help, but I think it depends on the situation in the country whether the loan is approved or not. For example, Wang Pseudo came to power. Wang Ching-wei and the United States are not close to each other, and once the Wang puppet government is established, Japan will recognize Wang Puppet, which means that Japan wants to exclude the British and American forces from China, and Washington will certainly lend money to China. Then there is Japan's own actions, such as the Japanese army stationed in French Annam, and the Americans will definitely give color to Japan, and lending money to China is a way to give color. ”

"I see. I get it! Once Wang's puppet government is formed, there is hope for Huaxi's loans. Chen Guangfu was shocked when he heard this, and then took out a handkerchief to wipe his sweat, he has been obsessed with daily affairs since he came to the United States, and rarely seized the opportunity from the international trend. Looking back at the U.S. loans to China, it does mean giving color to the Japanese.

"In fact, we are at a loss in lending to China," Li Kongrong said, "For example, the price of tung oil loans is set to death, but with the world war imminent, the price of these materials will definitely increase in the future, so I say that we have suffered a loss in this regard." But there is no way around it, and now the Americans will lend. ”

"Yes, that's right." Chen Guangfu said, "I also try my best to save the country's rights, but the loan is a matter of asking for others, and it is really difficult to do." ”

"The loan involves the U.S. Treasury, but the U.S. Treasury is ......," Li Kongrong smiled, and then said in a low voice: "As far as I know, it's all Communist Party in it." ”

"The Communist Party?!" Chen Guangfu was taken aback, as were the others. "How is this all ...... It's all the Communist Party? ”

"That's what I know anyway." Li Kongrong said, "They are not the Communist Party of China, they are the Communist Party of the United States. But do not forget that the Communist Party is an international organization and listens to Moscow. You must take this into account when dealing with the Treasury Department, maybe President Roosevelt agreed, but the Treasury Department delayed the process for you, and borrowing is equivalent to not borrowing. ”