Chapter 234: The Shanghai Bubble
(The second update, the title of the previous chapter, should be Chapter 233, the stock scam, and it can't be changed, so it's just like this, ==)
Hearing the sound, Cai Naihuang's body trembled, and in three or five moments, the blood on his face quickly dissipated, and he was already colorless. Pen, fun, pavilion www. biquge。 info
If Cai Naihuang still had a trace of luck in his heart, counting on the new governor to arrive for the first time, and the situation was unknown, but now, he no longer has any light thoughts, and now, he has to sigh that this super crisis, like a bottomless pit, not only ruined the financial order of the entire Shanghai Tang, but also involved Cai Naihuang's net worth.
If it weren't for the identity of the crossing, Ye Kai might also underestimate this stock crisis, unprecedented is no longer enough to describe his destructive power, its consequences will cost half the life of the Great Qing Kingdom, after the dust settled, in less than half a year, an ancient empire collapsed.
This financial crisis due to rubber stocks can almost be described as crazy, and even, not so much a financial crisis, but a clumsy financial fraud.
Since the giant beast of capital entered China with foreign guns and cannons, the huge market has made those "Xiyi" blush, accounting for a quarter of the world's population, enough to make any wild dreams come true, which makes them open up concessions without hesitation, let batches of foreign banks settle in China, foreign banks and local banks, constitute the financial ecology of old Shanghai, and it is also the largest financial center in the Far East.
After the German Karl Benz started his automobile in 1886, the production of tires by planting rubber trees and cutting raw rubber became a high-tech industry that attracted everyone's attention in that turbulent era. The world's demand for natural rubber is expanding rapidly, but due to the growth cycle of climate, soil and trees, rubber production cannot expand rapidly, so the price of rubber is running in an upward channel.
As a result, some people have set their sights on the rubber business and the capital necessary for the business.
Southeast Asia is the ideal place for rubber planting, because of the proximity to China, and a large number of overseas Chinese are distributed in the meantime, therefore, the Europeans in Southeast Asia rubber plantations like to set up their headquarters in Shanghai, the largest financial center in the Far East, in order to raise funds, in 1903, the British first opened a rubber plantation in Shanghai to operate a rubber plantation as the main business, foreign companies have come to Shanghai, to 1910, the great powers in Southeast Asia to develop rubber companies amounted to 122, of which the headquarters in Shanghai reached 40. Some foreign banks hung signs at the door that read "Buying and selling all kinds of rubber shares on behalf of customers", attracting people from all walks of life to speculate.
Some of these companies have already purchased rubber plantations in the local area, and they only need to wait for the glue to be released or have even started to produce the glue; Some have just bought land and have not yet planted saplings; Some have never been to Southeast Asia at all, but just found a few names on the map and began to raise shares in Shanghai. They usually first enlist the support of foreign banks in Shanghai, and then advertise in the newspapers to vigorously publicize the company's bright prospects, and claim that its shares can be pledged in cash at par value in foreign banks, thus winning the trust of not only Chinese businessmen in Shanghai, but also foreigners and foreign banks in Shanghai.
Foreigners kept spreading the market from London to Shanghai: a company issued 1 million pounds of shares, only to sell out in half an hour; A stock with a face value of 10 yuan rises to 180 yuan at the highest; Another stock, with a face value of $100, rose to $700 at its peak. This kind of market has greatly stimulated the confidence of Shanghai investors, thus driving the crazy rise of Shanghai rubber stocks. On December 1 of the first year of Xuantong, the stock of Langezhi Company was 920 taels, and on February 19 of the following year, it rose to 1675 taels, and the stock of another rubber company, the weighbridge company of Xuantong was 25 taels on January 10 of the first year of Xuantong, and it rose to 50 taels after a month and a half.
Stimulated by such a favorable situation, some people have even figured out what rubber is, and of course, the deepest and worst of this scam is Shanghai's local banking industry, Qianzhuang.
In just five years, more than a dozen of the largest money banks in Shanghai have bought rubber stocks for many times, totaling 15 million taels. Because of the greed for usury, many people mortgaged real estate, jewelry, and clothing are particularly insufficient, and they borrowed money from the bank, and the money bank in order to cater to this trend, willing to take out the silver, and even some people who boast of a broad vision feel that it is not enough to buy in Shanghai, and go to London to buy it.
In this round of transactions, the Chinese side invested a total of more than 27 million taels in Shanghai, and about 14 million taels in the London market, adding up to 40 million taels in the two places.
Even so, the bubble continued to swell, and even stocks were used as cash in the market, and both private individuals and businesses were sleeping in rubber dreams, and the local government was no exception.
As Su Song Taidao Daotai, Cai Naihuang is in charge of the financial power in Shanghai, when the rubber bubble continues to rise, he has secretly deposited the 1.9 million taels of official silver to be paid by Gengzi indemnity into the two money houses of Yuanfengrun and Yishanyuan, plus other official funds, a total of 2.55 million taels, I wanted to make a lot of money by this shareholder wind, but I didn't expect that now the bubble has collapsed, the money is on the verge of bankruptcy, and eighty percent of these money will be wasted, a full 2.55 million taels, that's a head-off thing.
"Cai Naihuang! You embezzled official funds privately, as much as a million, and it is not a pity to die 10,000 times with this alone! ”
Ye Kai suddenly shouted, Cai Naihuang's mind was blank, the sky was dim, he couldn't remember anything, and Li Pingshu on the side also trembled, such a big thing, Cai Naihuang naturally couldn't do it alone.
"Xiaguan is confused! The lower officials are confused! ”
So far, Cai Naihuang can't care about anything else, and shouts for mercy, but what's the use of shouting for mercy, such a big sum of money, he can't make it up by himself, let alone the hole in the money village that is tired of tens of millions of taels, who taught himself to hit the muzzle of the governor's gun, and the court already knows about it.
"Confused?" Ye Kai laughed jokingly, "Just now, Lord Cai, Director Li doesn't look like a fool, there is nothing wrong with this lie, but the two of you are in trouble, and you are actually clever in trying to deceive the governor, which is really bold." ”
Ye Kai stared for a moment, now these two people are grasshoppers by the stove, half of them are familiar, as long as this matter is dispersed, dying ten thousand times is not an empty word.
"My lord! My lord.." The two of them burst into tears, even begging for mercy, they felt that there was little hope, and thought that these were dead.
"Get up and speak, they are all officials of the imperial court, what kind of system!"
Ye Kai reprimanded sharply, but after a while, his expression was slightly soothed, and then the words he said were like life-saving straws, so that the two people in front of them who were holding the heart of death suddenly sniffed out a chance to live.
"No matter how confused you two are, you should know why this official called you into the yamen alone, get up, there is no one else here, and what you say can't reach the ears of outsiders." (To be continued.) )