As soon as Hu Chuyuan's quota system was introduced, foreign banks retreated en masse, with no intention of raising domestic silk prices...... Isn't that hard to get along with?

As soon as the foreign bank withdrew, the compradors had to withdraw, and only the Ningbo merchant gang remained, how dare they go against Hu Chuyuan.

More than 40 Ningbo businessmen can't beat him even if they join forces!

When the new silk was listed this year, the situation was outrageously stable, which made the silk merchants depressed.

Due to the Jiangnan agricultural cooperatives in Poyang Lake, Chaohu Lake, the Yangtze River basin, Hangzhou, southeast Zhejiang and other places to increase the promotion of silkworm technology, this year's spring silk output increased by 15% compared with last year, the proportion of special silk increased by 7 percentage points, the proportion of primary silk increased by 11 percentage points, and the proportion of secondary silk and tertiary silk decreased significantly.

This is simply a big bad news for the silk industry.

After the acquisition of Xinsi, Xu Run left Shanghai and took his shopkeeper with him, while Hu Chuyuan began to work from 9 to 5 in Jiangnan Commercial Bank, and vigorously promoted a group of young shopkeepers such as Lu Sanyuan, Wang Xijiu, Luo Jincheng, Hu Changnian, Ye Tongguang, Shen Xihua, Yang Hongbin, and Shen Maocai.

During this period, the Hu family seems to have truly entered the era of Hu Chuyuan, and unlike Chen Xiaobai, Tan Yiyun and others, his management has an extremely special way, and it is also more novel and surname-oriented.

…… Under Hu Chuyuan's careful adjustment, Jiangnan Commercial Bank began to be demutualized, and the provincial branches were divided into demutualized subsidiaries, allowing the association office and the shopkeeper to hold part of the shares; Among the various bureaus under the firm, in addition to the China Merchants Bureau, the Translation Bureau, the Public Welfare Bureau, the Foreign Affairs Bureau, the Procurement Bureau, and the Technology Bureau, which are directly under the six bureaus, the rest of the Telegraph Bureau, the Mining Bureau, the Heavy Industry Bureau, the Railway Bureau, the Steamship Bureau, the Engineering Bureau, the Water Conservancy Bureau, the Textile Bureau, and the Printing Bureau all belong to the Reading Power Bureau.

Considering the effectiveness of the recruitment of talents in the Chinese Culture Museum, Hu Chuyuan also set up a Chinese Culture Museum in Beijing and Changsha, and the Public Welfare Bureau was responsible for subsidizing public schools, and he himself funded the establishment of free six-year schools in various counties in the south of the Yangtze River.

…… CITIC Qianzhuang, a subsidiary of CITIC Corporation, has completed the layout in the five provinces south of the Yangtze River and the whole country, and with the adjustment of Hu Chuyuan, it has begun to invest in small money banks with regional surnames, and complete the development by controlling these small money banks.

The biggest advantage of this is that it doesn't make enemies everywhere, and it is more hidden.

At the same time, CITIC Money began to implement the deposit method, which is a disguised bond, using the Western bond method copperplate printing, with 100 and 500 denominations, to absorb deposits from the people and small businessmen, with a fixed interest of 5% for one year, 7% for two years, and 10% for three years.

Unlike stickers, deposit bills are sold every month and are mainly for small market deposits.

In order to take the final step towards the dream of China CITIC Bank, he also constantly sent shopkeepers to visit foreign banks in turn, went to Wanqi Bank and Hanhua Bank for internships, and organized young people to conduct secret simulation operations and intensive learning internally.

…… After absorbing some of the ideas of Hu Dazong's land pledge method, Hu Chuyuan also began to comprehensively promote the new joint operation method in the Jiangnan Agricultural Cooperatives, using funds to build roads, canals, reservoirs and other facilities to attract local gentry and peasant households to jointly establish a township grain cooperative, raise funds to build infrastructure, and then the grain cooperatives provide technical and loan support to the members, and adopt various methods such as joint ventures, land pledges, deposits, and consignment sales.

The county branches of Jiangnan Agricultural Cooperatives are responsible for exercising shareholder rights and unified management of the grain cooperatives in townships and towns within their jurisdiction, and raising funds to set up agricultural product processing workshops with certain new equipment and production capacity.

This is a new kind of joint venture law, the purpose of which is to control the land management rights as much as possible without affecting the ownership of the land of the farmers, so that the investment can be linked to the return.

…… The pawnshop business of Poly Company is not a part of Hu Chuyuan's number, he did not interfere, and continued to let Shen Furong and Zhu Funian take full responsibility, and also maintained the business mode of multi-dang, which has more than 20 pawn accounts such as Gongji, Yongheng, Shunji, etc., each of which has more than a dozen shops, reading each other's strength, and operating their own businesses.

Rong Bao Zhai in Beijing, Tianjin, Shanghai three major shops, began in Hong Kong, Kaifeng, Luoyang, Xi'an, Hangzhou and other antique places and source market development, each set up a shop.

These pawnshops and Rong Bao Zhai are mainly connected by Poly Auction House, which speeds up the entry and exit of antiques and second-hand goods through the auction house and increases the efficiency of capital flow.

…… After Xu Run left, Hu Chuyuan reopened a Guorun Fund in Wanqi Bank, controlled the vast majority of the shares of Zhongrun Company, sold 10% of the shares to Hu Yueqiao, Hu Shiyuan, Hu Weiyuan and his son at a low price, and invited the fourth uncle Hu Yueqiao to serve as the nominal general director of Zhongrun Company, making the company look like the industry of the fourth master of the old Hu family.

He also invited some trustworthy Hui businessmen and Nanxun businessmen such as Liu Yong, Pang Yunhong, and Lu Xiyuan to serve as directors of the company, and each of them took about 0.1% of the shares, claiming that it was 5%-10% to increase their momentum, which was conducive to them doing business with outsiders, and could also disperse the equity of Zhongrun Company on the surface.

Since then, Zhongrun Company has successively added five subsidiaries of Zhongrun Silk Industry Company, Zhongrun Tea Company, Zhongrun Grain and Oil Company, Zhongrun Pharmaceutical Company, and Zhongrun Textile Factory, and chose to join forces with Liu Yong, Pang Yunhong, Xie Yu, Cheng Jinxuan and others, and the four masters and one series mainly hold more shares in grain and oil and pharmaceutical companies, Liu Yong, Lu Xiyuan in the silk industry, Xie Yu in the tea industry, and Cheng Jinxuan ......in the textile company.

Of the seven subsidiaries under the banner of Zhongrun, except for Zhongrun Land, the rest began to disperse their shares.

Hu Chuyuan played a game of chess for them, and everyone rotated around the main axis of "Zhongrun", each earning their own money, and looking for Hu Chuyuan if they lacked money, and at the same time formed a peculiar Zhongrun force in Shanghai.

It was during this period that Hu Chuyuan's previous advocacy of the staff self-study system was truly established, and his Jiangnan Commercial Bank, Jiangnan Cooperative, CITIC Company, Zhongrun Company, and Poly Company were all adopting this system, and each set up a business and education department to manage it with full authority.

Within the five major companies, he also set up a new management system, increased the number of managers, established a three-tier system for associates, implemented detailed management, improved the treatment of apprentices, set up the Letters and Visits Department, and decentralized institutions such as the Audit Office and the Finance Department, allowing employees to write letters directly to the letters and visits offices of each company to make suggestions, and even to accuse their superiors of violations.

…… During this time, Hu Chuyuan also fully listened to Xu Run's opinions, in Shanghai, Hangzhou, Suzhou, Wuhu, Tianjin, Hong Kong, Fuzhou, Xiamen, Quanzhou...... All localities funded the construction of new Huizhou guild halls, which were not only hotels, but also convenient for fellow villagers.

In particular, the Shanghai Huizhou Hall is the largest, almost the largest hotel in Shanghai at this time, and Hu Chuyuan was also built directly on the Yangtze River Road.

This Yangtze River Road is under the collation of him and Wanqi Foreign Bank, based on the original North Huangpu Road to build a new avenue, expanded to three or four times the original scale, known as the North Bund, than the South Huangpu Road Bund is more magnificent, more than a dozen wharves are newly built, facilities and operating conditions are also better.

It was also under his operation that the East Tangjia Lane was expanded into Huizhou Road, and the junction of the intersection and Changjiang Road was the Huizhou Guild Hall, and many Huizhou businessmen began to gather in this area to buy houses and buy family businesses.

Hu Chuyuan wanted this momentum, and also asked the newly promoted shopkeeper Hu Changnian to go to the Huizhou general shop of Jiangnan Commercial Bank to serve as the shopkeeper, and purchased more than 4,000 acres of fertile land for the Hu family in Jixi County, built a new Hu family compound, donated money to build a new ancestral hall, built an ancestral tomb and Hu Guangyong's merit temple, and donated to build Jixi Baoguo Temple.

In the whole of Huizhou, he set up a Huizhou Business School, and opened a school in various towns and townships, and all the money was paid by Hu Chuyuan alone, and everything was entrusted to Hu Changnian.

He began to recommend some Huizhou merchants to enter the foreign bank as compradors, and helped the Huizhou merchants to run new shops, new factories, match factories, lead pipe factories, foreign nail factories, glass factories, carton factories, pencil factories, tire factories...... All of them have been slowly set up in Yangpu District, relying on the United States for technology, CITIC for capital, and for their own operations.

He also contacted some other Huizhou businessmen with Cheng Jinxuan, Xie Yu and others, and they jointly opened a Huizhou merchant bank, and began to set foot in the money bank business in Shanghai, competing with the money bank in Ningbo.

He chose to fund Xu Honghai to establish the Oriental Press Company, bought the "Declaration", added the "Oriental Weekly" and the English-language weekly "Asia Weekly", and funded Ma Xiangbo to establish Nanyang College, which complemented Xu Shou's Gezhi College.

When Hu Chuyuan was busy with these things, Wu Shuzhen was also working hard to establish her own business name, Kimberly Jewelry Company, and the two worked together in partnership.

Under Hu Chuyuan's planning, she also purchased the Kimberley Silver Building at the same time, rationally used the resources of the Silver Building and the jewelry store, reduced the manpower and procurement costs, and then opened the Kimberley Watch Store, acting as an agent for various clocks and watches in Switzerland and France, and played the signboard of "once sold, permanent warranty".

At this time, Hu Chuyuan's two younger brothers were under the personal care of Mei Qizhao, and they took the fame of lifting people together.

In other people's families, these are two big things, but in the Hu family, these are really sesame small things. After all, it was a fame gained by cheating, and the Hu family did not celebrate in a big way.

After taking the exam, the two continued to participate in the examination of Gengchenke in the sixth year of Guangxu, and the result was, of course, Sun Shan.

Hu Pinyuan also wanted to continue to try his luck, so he continued to follow Yu Yue as a protégé in the Chinese Culture Museum, and in his spare time, he followed Gu Shouzang to learn some appreciation skills and the know-how of operating antiques, or went to the Chinese Painting Institute to learn calligraphy and painting, engrave seals, and live a very nourishing life.

After such an examination, the third Hu Xuanyuan knew his level of Chinese studies, and if he wanted to refer to it until three years later, Suo asked Hu Chuyuan to arrange it, and he went to Wanqi Foreign Bank under the pseudonym Hu Sanli to start as an apprentice.

At the end of 1880, because the Kaiping Railway was about to be completed, Li Hongzhang had to set off a controversy about the construction of the railway, and Hu Chuyuan persuaded Zuo Zongtang to unanimously advise the imperial court to open a railway.

Unable to withstand the pressure of the Hunan and Huai departments, no matter how the officials of the Beijing division and the imperial historians scolded them, the Qing court approved Li Hongzhang's proposal and allowed the governors of various places to try to build small railways.

At the same time, the Hongkong and Shanghai CIB Bank officially changed its Chinese name to HSBC, and there were two separate banks: HSBC Hong Kong and HSBC Shanghai.

HSBC !!

An era of Hong Kong's financial industry has quietly begun.

(To be continued)