Chapter 129: Final Redemption
(Dian Niang is here for the aunt again, and the backstage continues to convuls)
In the 70 years of the late Qing Dynasty, China's financial industry was plagued by many disasters, and only large-scale financial crises broke out five times, and as the former financial hegemon, Shanxi Ticket No. 1 bore the brunt, and under the large-scale invasion of foreign capital, the traditional financial model came to an end.
Watching a giant fall is not a blessing for the whole country, not to mention that it still has a lot of financial resources in its hands, rather than watching hundreds of millions of silver be lost in vain and being swept away by foreign capital giants, it is better to use it to serve the country, from the time it is just right, before this financial giant dies completely, it still has a glimmer of hope of survival.
The focus of the meeting was also on this.
But what Ye Kai didn't expect was that there were fundamental differences in the discussion from the beginning, and the four of them formed two completely different propositions around the issue of saving or not saving.
Zai Ze, Sheng Xuanhuai's attitude is unnecessary, and Ye Kai and Dai Hongci are advocating to save the declining Shanxi ticket number.
Sheng Xuanhuai's starting point is not difficult to understand, he himself founded China's first bank, Commerce Bank, as a hardcore banker, he is well versed in China's financial landscape. Since the opening of the five ports of trade and the opening of the country, China's financial center has undergone a fundamental shift, from Pingyao, Qixian and other Shanxi ticket headquarters to Shanghai, where foreign capital is entrenched. Similarly, Shanghai is also the birthplace of China's new banking industry, with the Jiangsu and Zhejiang consortium stationed in a large way, Shanghai's status as a financial center is basically established, Sheng Xuanhuai from the Jiangsu and Zhejiang consortium, naturally it is impossible to watch the cake be cut in vain.
Zai Ze's attitude is more indifferent, in his opinion, the ticket number has no practical effect, to save such a sunset industry, itself will consume a lot of manpower and material resources, standing in charge of the financial branch of the Shangshu point of view, such a practice is pure waste, at the same time, a previous incident, let Zai Ze think that the ticket number can be completely replaced.
In the 31st year of Guangxu (1905), the Qing government proposed the establishment of the Daqing Bank (Hubu Bank), requiring the ticket number to pay money, but the Jin merchants refused, and then proposed to be funded by the government, and the ticket number was rejected. After the establishment of Daqing Bank, it once asked Shanxi to buy shares, but was rejected again. In desperation, Daqing Bank was organized by Jiangsu and Zhejiang silk merchants, which directly led to the later control of China's financial industry by the Jiangsu and Zhejiang consortium.
The reason for the refusal of the Jin merchants is actually very simple, that is, they are afraid that "outsiders" and "foreign capital" will interfere with the ticket number, however, this seemingly shrewd trick is actually extremely stupid, and refusing to change the ticket number of themselves and the model means that they have lost the last opportunity for transformation.
After the establishment of Hubu Bank, as the central bank of the Qing government, it naturally monopolized almost all the official bank exchange business, which was undoubtedly a fatal blow to Shanxi's bill number.
The reason why Shanxi ticket number can develop rapidly several decades ago is due to its monopoly on government bank exchange and military pay business, in fact, it plays the function of a quasi-central bank, in the feudal economy, the ticket number was born because of the government, and at the same time because of the government and died, this is a kind of life and death of the bundled relationship, and did not understand this point of the ticket number, neither can compete with the foreigners' bank, but also no longer has the official support, but also refuses to change itself, the decline of the West Mountain is naturally a matter of course.
When the new financial business model was transmitted to China through the other side of the ocean, the proprietors behind the signboard of "Huitong World" were still hiding in their magnificent mansions, smoking big cigarettes and dreaming, indeed, their ancestors founded a set of business models that were in line with the background of the times, but their descendants also carried a heavy burden, refused to change, adhered to the old system, and the ticket number died to a large extent from their own self-style, together with the Jin merchants who had been in China for hundreds of years, fell in the great changes of history.
The nearly century-long history of Shanxi bankers dominating the financial world has come to an end, and a group of bankers from Jiangsu and Zhejiang with modern banking concepts have appeared on the streets of Shanghai in due course, turning a new page in the times.
Any discerning person can see that it is irrational to risk failure to save a declining ticket number.
Of course, Ye Kai knew this, but his insistence was not without reason, indeed, giving up the ticket number was an account that any shrewd businessman could calculate, but for Ye Kai, a person who had experienced decades of history in the future, his eyes were even further.
Don't put your eggs in one basket, and don't entrust a country's vast financial security to one voice.
After the Xinhai Revolution, the defection of the Jiangsu and Zhejiang conglomerates, and the emerging government was cut off from its financial sources, so it had to accept Yuan Shikai's conditions, resulting in the destruction of the fruits of the revolution.
In this regard, Ye Kai gave a solution to let Shanxi ticket numbers stay warm, form a consortium consortium, and establish Shanxi Bank Head Office to create two different financial centers in the north and south to share national risks.
"Lord Liang thinks so, I'm afraid those people won't appreciate it."
Ye Kai's repeated insistence made Zai Zesheng Xuanhuai, who held opposing views, helpless, whether the former's approach could succeed or not, only after hitting the wall did not know, in general, they were pessimistic.
"At this time and that time, they didn't appreciate it in the past, and now their business is becoming more and more difficult, I'm afraid they are thinking of a way out at this time."
Although Ye Kai said this, but to tell the truth, he really didn't expect those people to wake up, if it weren't for the abundant silver in their hands, Ye Kai wouldn't have planned to spend so much effort, just take the famous ticket number Wei Taihou as an example, the two young owners are big smokers who can't leave their guns, and they are squandering the foundation of their ancestors all day long.
"If it doesn't work, let them force them to buy shares, Daqing Bank accounts for half, the ticket number accounts for half, and with the government, they are naturally willing to buy shares."
Dai Hongci also suggested at this time that his thoughts coincided with Ye Kai.
"I'm afraid it's difficult."
Sheng Xuanhuai is still not optimistic, there is a big gap between the ticket number and the new bank, and the most important thing is the financial concept, which is not a task that can be completed in a while.
"Hard work pays off, there will always be a possibility of doing it if you try, act now, it is best to get the bank up and running at the end of the year, and it is also the meaning of the regent to support the ticket number."
As soon as the regent was mentioned, Zai Ze and Sheng Xuanhuai no longer objected, since Ye Kai was able to summon them over, there must have been some kind of tendentious instructions from above, and all they had to do was to do so.
"Master Shan, to integrate the Shanxi ticket number, you need a suitable minister, and Liangbi wants to borrow someone from you to be the chief supervisor of this head office."
Sheng Xuanhuai frowned and asked, "Who?" ”
"Director of China Merchants Steamship, Zheng Guanying."
Ye Kai smiled and gave his answer.