Yang Chao is very rich, not ordinary rich. Pen ~ fun ~ pavilion www.biquge.info

During the Russo-Japanese War, 800,000 rifles alone were sold, and he withdrew at least an additional 50 taels of profit for each one, which was 40 million taels of silver, and then there were cannons, shells, etc., and finally a total of 80 million taels. and the final arsenal's dividend of 20 million, through a war, Yang Chao saved 100 million taels.

This huge wealth has solved Yang Chao's financial pressure in one fell swoop, and the investment in ports and railways is not a problem at all.

All this money is temporarily deposited in the Industrial Development Bank of China, which was established in Shanghai, which implements a sound operation mode, does not lend to any commercial institutions, but only lends to the real economy, that is, emerging industries, regardless of geography, as long as it is an industrial enterprise in China, as long as the operation is good, no matter how big or small it can apply for a loan.

At present, the business is mainly in Shanghai and Wuhan, because these two places have the largest number of industrial enterprises.

"According to the data from General Director Xie Guanhui, we currently have 50 million taels of silver in our bank account. and a hundred thousand taels of gold. ”

"What about profitability?"

"The annual interest totals five million taels. The foreign exchange business only has a profit of about one million. ”

The interest rate on Yang Chao's loans is not high, 10 percent a year, which is of course higher than the bonds of various countries, but for commercial loans, it is 20 percent lower.

Because there are branches in more than a dozen major ports such as Shanghai, Wuhan, Chongqing, and Guangzhou, the exchange business is also the main business, but it still can't compete with foreigner banks, and even the ticket number money bank can't compete, and the profits are very thin.

"You tell Xie Guanhui, don't we have 100,000 taels of gold, and we can issue golden tickets. One or two gold tickets contain one gram of gold. ”

Yang Chao has found that the reason why the exchange business is not good is related to the fact that his network is only limited to the domestic market, so he can only intervene in the domestic market, and the exchange of the domestic market is mainly controlled in the hands of Shanxi Ticket Number and Jiangnan Money Bank, which cover the whole country and have a good connection.

Yang Chao also didn't want to compete with these ticket numbers with small profits and quick turnover, mainly relying on personal connections, his goal was foreigner banks, but the reason why foreigner banks can occupy a place in China is because their network is international, and they can communicate between Chinese and Western capital.

Western banks are denominated on the gold standard, which means that China's foreign banks exchange between gold and silver, which is their core competitiveness.

Therefore, Yang Chao planned to issue gold bills and exchange between gold and silver.

"How has the railroad been doing lately?"

Now the entire Chinese railway is under the management of Yang Chao, and Yang Chao reorganized the railway company into a private enterprise, and used the Yanji Railway Company to merge the Jinpu Railway, Jinghan Railway and other railway lines, of course, he did not make a clear announcement of this, because Zhang Zhidong and those people are absolutely difficult to accept, but the internal accounting, etc., is actually already a real economy.

The economy of the railway company is independent, in terms of shares, the imperial court owns fifty percent, Yang Chao owns forty percent, Zhan Tianyou's group occupies one percent, of course, the debts of the imperial court to invest in the railway, are also borne by the railway company, the current debt of 15 million pounds, converted into silver at about 100 million taels.

"The working capital of the railway company is currently 20 million taels of silver, and the estimated annual profit of the transportation business is 8 million taels."

"Many! Eight million taels of silver, this freight rate is still high. Tell Zhan Tianyou to sign some long-term cooperation contracts with Chinese businessmen of bulk commodities and give them a discount of three to four percent. ”

Yang Chao said. It's not really that the freight rate is high. To be honest, the cost of transportation in China in this era is still very exaggerated, and the price of transporting tea from Jiangnan to Mongolia can be increased tenfold. The gap in grain prices in various places is also very large, but after the opening of the railway, we found that in the places affected by the railway, the fluctuation of grain prices generally does not exceed 10 percent, and the significance of the railway is here.

And China does not have the problem of losing money, because compared with the long-standing inland waterway shipping, and even people and horses, camels and other modes of transportation, the freight has been reduced by more than half, even if the railway freight rate is set at half of these modes of transportation, businessmen are more willing to take the railway, because it is faster and more efficient, and the profits of the railway come from part of this efficiency increase.

"This is a list that I have drawn up. But keep a low profile, although you can't hide it from foreigners, but don't make a fuss, in the end, foreigners will definitely find trouble, let them know later, and they will find trouble with me later. ”

Yang Chao handed Li Si the first list, led by Dasheng Yarn Factory.

According to the current tariff rules, the prices of Chinese factories are much higher than those of similar factories of foreigners, not to mention various tax rebates and subsidies in foreign countries, so they are too disadvantaged in terms of competition, and they should have been protected by relevant taxes, but the tariffs controlled by the British have completely turned into a kind of oppression.

Therefore, Yang Chao wanted to use the railroad in his hand to replace the tariff, protect the Chinese industry, and let them get closer to the unfair conditions of competition with the industrialized enterprises of the foreigners.

In 1907, Yang Chao's various systems were promoted in an orderly manner, and the introduction of industrial enterprises were invested in large-scale construction, and it is expected that the earliest batch will have to start construction at the end of the year.

The cycle of light industry is shorter than that of heavy industry, which can be completed in one year, put into operation in two years, profitable in three years, and return capital in five years to enter the next round of expansion. Of course, this is a normal benign development model, if there is the support of the capital market, as long as it can be profitable, it can continue to expand.

Dasheng Yarn Factory is like this, after the Fachang Machinery Factory can produce spinning and textile machines, under the underwriting policy, it doubles every year. This year, Dasheng will have more than 200,000 spindles in Shandong, which is more than the first factory in Nantong. But this is far from enough, compared to the scale of 50 million spindles of the British, it is still very small. Zhang Jian seems to have a posture to compete with the British textile industry on his own, and plans to expand the spinning to 10 million in ten years.

However, Yang Chao introduced more than a dozen entrepreneurs such as the Rong brothers in Shanghai, and also operated a spinning factory in Dongying, these guys are much more courageous than Zhang Jian, and under the million loan given by Yang Chao, the scale of 100,000 spindles is up. At present, the total number of spindles in Shandong yarn mills has reached 400,000 spindles, accounting for more than 40% of the total number of spindles in China, and the scale of the textile industry exceeds that of Shanghai.

This made Zhang Jian feel the pressure, of course, just out of personal career concerns, although he felt awkward, but he still welcomed these juniors, and even actively helped them gain a foothold in Dongying, helped them recruit workers, told them how to deal with Shandong people, and so on.

Dongying has still developed into a light industrial base.

Therefore, Yang Chao's preferential railway policy, here is the biggest benefit, through the railway freight rate concessions, in the port competition, they can not compete with foreigners, but their cotton yarn is exported to Henan, Shaanxi and the inland, now there are almost no competitors, the British have expressed their dissatisfaction with this, the first to stand up and protest, but Yang Chao refused to negotiate with them with commercial behavior.

The British were not very serious, and asked Yang Chao not to involve the Yangtze River basin in his railway concessions, and Yang Chao immediately agreed, and the British ships could sail from Shanghai to Chongqing, even if there was a railway, Yang Chao could not compete with the British, not to mention that the Sichuan-Han Railway had just entered the measurement stage, and the people of Sichuan were looking forward to it, but they would not start construction.

Before the opening of the railway, Yang Chao knew that Zhang Jian's companies could not compete with British goods in the Yangtze River Basin, and were only occupying the northern inland market.

The share of British goods in the northern interior has not been developed, and they have soon calmed down when they see that they are good.

But one country has stepped forward at this time.

Japan, strongly protesting against the differential treatment of railway freight rates, sent a strong note to the Qing government, saying that this discriminatory policy of the China Railway Corporation is an insult to Japan, and they demand that the China Railway Corporation immediately cancel the preferential tariff or let Japanese goods enjoy the same preferential treatment, otherwise they will not rule out the use of force.

"I'm in a hurry, all the military threats have been used, and it seems that the situation is even more serious than imagined."

As soon as we entered May, the Japanese were in a hurry.

The reason was the economic crisis, which was a worldwide economic crisis that first erupted in the United States. In March 1907, an exchange crisis broke out in the United States.

After industrialization, world crises are often initiated from the United States, the reason is the disorder of the American economy, the power of the US government is too weak, the supervision of capital is very weak, of course, it is also because the power of capital is too strong, before the First World War, the US government could not suppress Morgan and other consortiums.

The crisis was mainly due to the excessive development of the trust industry, with about half of New York's bank loans being pledged by high-interest return trust and investment companies to invest in high-risk stock markets and bonds, and the entire financial market fell into a state of extreme speculation, and it was clear that the excess capital in the United States had created a big bubble.

When the bubble burst, more than 300 credit institutions went bankrupt for a time, with debts of more than $300 million, and nearly 30,000 industrial and commercial enterprises registered bankruptcy, with debts of more than $400 million. In a panic, depositors flocked to all the banks in the city to withdraw their money, and the dollar-marked assets were far from enough gold to correspond, so a large number of banks went bankrupt.

Bank failures have affected industrial enterprises, and unemployment has increased dramatically, with more than 5 million workers unemployed, as never seen in previous crises. It indicates that the financial industry in the United States has begun to achieve a dominant position in the economy, and the economic crisis caused by the financial industry is much more harmful than the ordinary industrial crisis.

As the birthplace of the crisis, the Americans naturally suffered the greatest losses, but the United States was large and had a thick foundation, and they could bear it, but the Japanese, who were affected, began to be unable to bear it.