Chapter 616: The Responsibility of the Consortium Asking for a monthly pass
In fact, Zhu Jishi deliberately weakened the role of Jason Holdings, because the holding company is headquartered in the United Kingdom and its business focus is also in Europe and the New World. After Zhu Jishi came to Asia, the actual control of Jason Holdings fell to the Churchill family, the Countess de Neve, and Andrew Brown. In the hands of Jones and Blomstein father and son. Although the company was operating well so far, revenues and profits were increasing, and in 1850 the net profit had exceeded 4 million pounds. But there is always a problem that the whip is out of reach, and Jason Holdings' roots are in Europe, and its operations are constantly affected by Sino-British and Sino-French relations.
Therefore, after Zhu Jishi arrived in East Asia, he relied on the financial and talent support of Jason Bank to set up 7 new foreign firms. Clementina's marriage included a part of the shares of Segur Bank into the Ming royal property. If you include Jason Bank and Nanyang Bank, which is controlled by Jason Bank, the Ming royal family now has a total of 10 major foreign banks, instead of the original 4 major banks. Among the 10 oceanic banks, the most profitable is not Jason Bank, but the de facto central bank in East Asia - HSBC.
Follow HSBC Bank Daban Scorpper. William's famous quote is that banks sell credit, and HSBC, which has the right to issue notes, has almost unlimited zero-cost credit, so it is why it is the largest and most profitable bank in the world!
In the past 1850, HSBC made a huge profit of more than 35 million silver dollars, even without counting the proceeds of the issuance of notes, which is difficult to calculate. Moreover, this super bank is also the source of Zhu Jishi's business activities in East Asia, and through itself and the Lixin Bank controlled by it, it has provided tens of millions of silver dollars in financing to several other foreign banks controlled by Zhu Jishi. He also provided a loan of more than 130 million silver dollars to Zhu Jishi's empire.
Furthermore. HSBC and FONG's Bank have also represented other Chinese and Western firms operating in East Asia over the past few years. It has provided more than 400 million silver dollars in loan financing, and has also monopolized the exchange and settlement business between East Asian countries and between East Asia and Europe and the United States.
It is precisely because HSBC has connected a large number of banks, banks, pawnshops and other financial institutions in China and Nanyang into a system that the huge private wealth has gradually awakened from the state of precipitation, and social capital can be concentrated in industrialization. It really exerts the magic of modern finance to the extreme. As for the sequelae, such as financial monopoly and non-performing loans, they will definitely be inevitable in the future.
Another cash cow is the Nanyang Rubber Joint Stock Company, which has just been spun off from Lan Fong Hong, whether it is raw rubber or palm oil. They are all important industrial raw materials in this era. In particular, rubber is one of the world's four major industrial raw materials, along with coal, steel, and oil. The rubber plantation owned by Nanyang Rubber Co., Ltd. is the only rubber plantation in the world that has entered the rubber tapping period, and the products are in short supply at all, and the profit margin is huge. In 1850, the net profit of Nanyang Rubber Co., Ltd. exceeded 10 million silver dollars, making it the second largest money-making company in East Asia after HSBC.
After the divestment of Nanyang Rubber Co., Ltd., Lan Fangxing suffered a loss of 1.2 million yuan in 1850! It is mainly caused by a large number of substandard products in the imitation Dreiser firing pin gun and a huge loss in the main business of Lanfangxing Steel. In particular, due to the advent of the Bessewheat converter and the Jason dephosphorization method (proposed by Zhu Jishi), all the equipment of the steel mill in which Lan Fong Hong invested after 1847 became obsolete overnight. All crucible furnaces are facing dismantling. Most of the iron-making blast furnaces are also facing upgrading, and some steel mills and mines that use high-sulfur iron ore as raw materials are facing the fate of direct closure - it is more difficult to desulfurize iron ore than to remove phosphorization. At present, it is still difficult to do a good job in the technique.
As a result, in 1850 alone, more than 1.3 million assets need to be written down, and it is expected that more than 1 million yuan of assets will continue to be written down in 1851. However, Bethemia has already made a contract, and Lan Fangxing's steel business will soon become a cash cow after completing this technical transformation, because the cost of using the converter method to make steel is more than 90% lower than that of the traditional crucible method, and the steel will fall from an expensive metal to a point where it is not much more expensive than pig iron.
In addition to Lan Fangxing's losses, the newly established Daming Railway Company, Daming Telegraph and Telecommunications Company, and Northeast Development Company are also losing money without profit. All three companies are now in the investment period, the telegraph company is still a little less invested, and the investment in the railway and the development of the Northeast has reached an astonishing level.
Speaking of railways, we have to mention the converter steelmaking method invented by Besemer. Because the current price of steel is too expensive, even the UK cannot afford to lay steel rails. Nowadays, all railways in the world use "slab rails", which are made of thin iron sheets nailed to wooden rails. However, the load-bearing capacity of this type of rail is very low, so although the cost of construction is low, it is not cost-effective in the long run. It will inevitably be replaced after the advent of low-cost steel.
Therefore, Zhu Jishi did not make up his mind to build a large railway until after the advent of the Besemai converter method - except for the two super busy railway lines of Yinghu and Guangzhou-Kowloon, Zhu Jishi planned to let the other railway lines use steel rails instead of plate rails at the beginning.
As for Zhu Jishi's Nanyang Company, which is controlled by Jason Bank, it is also profitable, but its business focus has shifted from the original "coolie trade" to the shipbuilding industry. Due to the implementation of the policy of comprehensive opening up in the Ming Dynasty in recent years, the sea ban has become a thing of the past, and the sea trade has become the second largest investment hotspot after banks and money banks. On the contrary, the profits of the shipbuilding industry have continued to grow, and it has become a real source of profit for Nanyang Company.
In addition to the Segur Bank, which sells liquor, and the Far East Bank, which runs a restaurant, Zhu Jishi's current control of the seven large companies, including HSBC, Nanyang Rubber, Lanfang Bank, Daming Railway Company, Daming Telegraph and Telecommunications Company, Northeast Development Company, and Nanyang Bank, is considered huge in the whole world, and for Daming, it is an important enterprise that directly controls the national economy and people's livelihood.
In a certain country in later generations, such a large enterprise must be run by the government. However, as a bourgeois revolutionary, Zhu Jishi never forgot his class attributes. Since it was a bourgeois revolution, there were not so many things about government and state ownership. Moreover, in later generations, the official offices of a certain country were run by the vanguard of the working class, but now there are no such officials, only a group of feudal officials of the landlord class, let them run enterprises, and turn enterprises into yamen.
Therefore, Zhu Jishi would rather hand over these companies to foreigners to operate in a large class than let the civil officials in the court get involved. What the Ming Dynasty is now taking is the road of capitalism with all evils!
Since it is capitalism, then profit comes first. Therefore, except for the Northeast Development Company, which cannot achieve profitability in the short term, Zhu Jishi's assessment goal for the management of the rest of the companies is to focus on profitability. Their personal income is also linked to the company's profits.
However, Zhu Jishi is the emperor of the Ming Dynasty after all, and he cannot only consider economic interests and ignore social benefits. Or to put it another way, the responsibility of these big corporations is not just to make money for Emperor Zhu, but also to take on the sacred mission of leading the whole of Chinese society down the path of capitalism with all evils.
Therefore, the selection of the CEO of the Ming Imperial Family Consortium needs to be carefully considered, and it is impossible for a simple businessman to afford such a big mission.
"The general manager of the Ming royal consortium must have both the talents of a manager and a politician. Maria, Roman, do you have any candidates to recommend? ”
Such a major question, of course, Mrs. Duran shook her head and said that she did not know. Maria. Clementina chuckled, "Jason, isn't such a candidate ready-made?" (To be continued......)