Chapter 85: CITIC Cathay
How much is Hu Chuyuan now?
Too many to say, at least 30 Zhenyuan ships can be bought...... Perhaps, with his financial resources alone, he can defeat Yuben.
Does the imperial court want to build another Beiyang sailor?
Quite simply, find a reason to raid his home.
If Zuo Zongtang died, Li Hongzhang would definitely be able to do such a thing.
Therefore, even if he is not in a hurry to become a high-ranking official of the Manchu Qing Dynasty, Hu Chuyuan has to restrain himself and find a way to hide his wealth, and he can easily do this.
With the help of Xu Run, Wu Shuzhen and Pfister-Delano, Hu Chuyuan soon set up a private equity Guotai fund in the newly established Wanqi Bank.
Subsequently, he used the name of Guotai Fund and Xu Run to establish Zhongrun Company, and merged Shanghai Real Estate and Huzhou Sangtian under his name into Zhongrun Company, and controlled 70.5% of Zhongrun Company's shares through Guotai Fund.
He changed half of the Fukang Qianzhuang under CITIC to "CITIC Qianzhuang", with the national ticket number being CITIC, and the ticket number in Zhejiang and Shanghai being Fukang, and adding two new subsidiaries, CITIC Insurance Bank and CITIC Capital.
In addition to Zhongrun and CITIC, he set up another Poly company, and all the pawnshops under his name, as well as a number of newly purchased pawnshops recently, are owned by Poly.
In the end, he reorganized the Jiangnan Silk Industry Cooperative into the Jiangnan Agricultural Cooperative, and transferred 30% of the shares to the Jiangnan Commercial Bank, expanding the total capital of the Jiangnan Commercial Bank to 31.58 million taels of silver, which was changed to 45% held by CITIC Company, 25% of the official shares, 20% of the shares held by Zhongrun Company, and the remaining 10% was held by Xu Run, Hu Yueqiao, Tan Yiyun and Liu Chengxiang.
They don't have to pay to get these shares and receive dividends, but after they leave the firm, Hu Chuyuan has the right to get the shares back.
Hu Chuyuan originally promised to give Xu Run 20% of Jiangnan shares, but Xu Run owed too many debts and had no spare energy to eat shares, and the Shanghai Steamship China Merchants Bureau, which Jiangnan Commercial Bank was bound to win, was also taken away by Sheng Xuanhuai.
After the two discussed, they will cooperate in this way first, and then we will see the situation later.
At this time, Hu Chuyuan divided his assets into two parts, the Jiangnan CITIC Department and the Cathay Pacific Department, the former was in the Ming Dynasty, with total assets of 40.52 million taels of silver, and the latter was in the dark, with total assets of 25.4 million taels of silver.
The total market value is 65.92 million taels of silver, which is nearly double that before the outbreak of the salt case, and does not include the Hu family compound, Yong Garden, Humble Administrator's Garden, Canglang Pavilion, Yu Garden, and those stores on Yuanbao Street, 3,000 acres of paddy fields in Hangzhou, shares in Qingyutang, and descendants of money...... These are family assets, calculated separately.
Of course, this still does not include Yufeng Grain Society.
This problem is still only known to Hu Chuyuan and Tan Yiyun, Tan Yiyun has counted the specific amount once, but Hu Chuyuan doesn't look at it, out of sight and out of mind!
Hu Chuyuan's actual controlling stake in Jiangnan Commercial Bank remained at 70%, but for the imperial court, his shareholding in Jiangnan Commercial Bank was reduced from 76% to 45%, which is a cause for concern.
Soon after, the imperial court exempted a number of harsh taxes and miscellaneous taxes of the Jiangnan Commercial Bank, and most of the various centi-gold were exempted.
With this foundation, Hu Chuyuan set up the Jiangnan Steamship Bureau and the Jiangnan Procurement Bureau under the Jiangnan Commercial Bank, with Xu Run as the meeting office, and the original responsibilities of the Shanghai Procurement Bureau were transferred to the Jiangnan Procurement Bureau, so that the commercial bank not only had shipping business, but also had the right to engage in arms, grain and transportation business.
After that, Hu Chuyuan moved the Jiangnan Western School to Hongkou Hanyang Road, and the supporting Shanghai Middle School, Nanyang Middle School, Shanghai Foreign Language School, and Gezhi Academy also began to operate.
Telegraph, bank, real estate, agricultural cooperatives, bankers, steamship bureaus...... When all the lines were gathered together, Hu Chuyuan quickly hatched a very large plan in his mind.
Yataro Iwasaki, Rockefeller, Carnegie, J.P. Morgan...... Yataro Iwasaki is a master of using politics to achieve monopoly, Rockefeller is a master of designing business traps, Carnegie is a master of self-struggle, and JP Morgan is a master of speculation and joint ventures.
As for Hu Chuyuan, he seems to have it all.
He did every practical thing in an orderly manner, sorted out the education work, and sketched a blueprint for the future for CITIC Company, Jiangnan Commercial Bank, Jiangnan Agricultural Cooperative, Zhongrun Company, Poly Company and Wanqi Foreign Bank.
He selected a batch of teaching materials, compiled them into a book, and distributed them to the employees of various companies under his name, and the Jiangnan Business School was responsible for short-term internal training, and almost all the shopkeepers and stewards had to participate.
Talents should be diligent in teaching.
This is the legacy left by Zeng Guofan, and it is possible to surpass Zeng Guofan by learning this.
In addition, he gritted his teeth and prepared to sell Yufeng Grain Society, although he didn't know who he could sell it to...... Who can afford it?
Split into 20 copies and sell, maybe a few people can afford it!
Hu Chuyuan can't help but regret it a little now, and he doesn't understand why he was ruthless in the first place, and ended up doing such a brave thing as Yufeng Grain Society?
Secretly, he also purchased telegraph machines and a batch of munitions in the United States through Pfister Delano III, the former secretly sent to the northwest, and the latter secretly hoarded in Hong Kong, ready to supply the Black Flag Army at any time.
Compared with Yufeng Grain Society, this is really not a "fighting courage"!
It was not until mid-August 1879 that Hu Chuyuan began his journey to Fuzhou, and his first stop was Hangzhou.
……
No matter how good Shanghai is, it is not as good as Hangzhou.
No matter how good Yongyuan is, it can't compare to half the luxury of the Hu family's compound.
As soon as he came back, the Hu family was several times more lively than before.
Hearing the news, Hu Yueqiao, the fourth master, who lived only two streets away from the Hu family's compound, also brought his two sons and several grandsons to greet the old lady, and said hello to Hu Chuyuan by the way.
Today's Hu family is relying on Hu Chuyuan to support, as long as he is there, Hu Yueqiao's business is becoming more and more prosperous.
The old lady is a blessed person, the third son Hu Guangyong is an official residence, a hereditary cloud captain, and the fourth son's medicinal herb business is also very prosperous, and he also added three great-grandchildren and two great-granddaughters to the old lady.
Today, the Hu family is considered to be four generations in the same house.
Everyone sat in the flower hall lively, talking about the short things in the parents, and they were very happy with each other.
Gradually, Hu Chuyuan talked about his two younger brothers, his two younger brothers and the three brothers of the Gu family, and other late Qing rich second generation are generally similar, full of poetry and books, famous for their love of antiques, and have a certain level of appreciation.
Lao Erhu Pinyuan has a special level of appreciation, and his calligraphy and painting attainments are also good, and Lao Sanhu Yuan's Chinese culture and calligraphy and painting attainments are not particularly outstanding, but he is a very shrewd person.
With the establishment of the Jiangnan Sinology Museum, Hu Chuyuan plans to teach students according to their aptitude.
Hu Xuanyuan wanted to be an official, Hu Chuyuan wanted to send him to the Jiangnan Academy of Chinese Studies to worship Yu Yue as a teacher, and by the way, he went around the Western Academy to learn some miscellaneous subjects, and then "tested" a person in the future, and then spent money to buy vacancies.
As for Hu Pinyuan, Hu Chuyuan wants him to learn to do business, but I don't know if Hu Pinyuan is that material, no matter what, he will be sent to Shanghai to study first, either to learn business or appreciation, and he must always walk out of a human path.
Mrs. Luo Fourth and Mrs. Seventh are still happy, the three brothers, the eldest and the second are in business, the third is an official, and the three of them take care of each other, which is very suitable.
In addition, we also talked about Hu Yuanyuan's marriage, especially the mansion dowry, the wedding date is almost set in the Mid-Autumn Festival of the eighth year of Guangxu, and the mansion promised in advance that He Jiadong also has to rush to work, the foundation is now laid, located in the southwest of Hangzhou Qingbo Gate, that is, the southeast coast of the West Lake, covering an area of 28 acres, specially hired the most famous painters Hu Gongshou and Pan Zhenyong in Jiangsu and Zhejiang are responsible for the layout and design of the entire garden.
Speaking of this matter, Hu Chuyuan was a little heartbroken.
has given so much money, but so far I haven't seen He Jing make a lot of money for him!
He pondered in his heart, he didn't have the energy to rectify the tea industry at the moment, and when he started to run the tea business, even if He Jing didn't want to contribute, he had a way to force He Jing to help.