The most subtle aspect of Song Biao and Zhang Kangren's design of the Northeast financial system is precisely one that the banking institutions of various countries have failed to take into account - although the three eastern provinces have become a silver standard economic zone, the main currency in circulation in the three eastern provinces is not silver, but copper coins.

After the copper yuan replaced the copper coin, the copper yuan coupons circulating in the market could be directly replaced with silver yuan, and the Northeast Bank monopolized the issuance right of copper yuan coupons, and issued a large number of copper yuan coupons based on silver yuan. In actual use, the most basic copper round copper coin does not have much room for use, and the most common is to use copper round coupons with a face value of 5 yuan, 10 yuan, and 20 yuan.

Compared with the lack of trust in silver coupons, copper coupons can be circulated in a large area in the three eastern provinces in a short period of time because of their small ticket value, convenient circulation and wide use.

As long as the Northeast soybeans can exchange 30 million pounds of foreign exchange for the Northeast Bank every year, and unremittingly reduce the total imports, as long as there is a net foreign exchange inflow of 10 million pounds per year, it is equivalent to 105 million silver yuan actually flowing into the market of the three eastern provinces.

In the era of the gold and silver standard, if investor A took 1 million pounds to enter the three eastern provinces to set up an industry, these pounds would become 10.5 million silver yuan in the Northeast Bank, and the Northeast Bank and various commercial note-issuing banks would issue 30 million silver yuan worth of currency on this basis, and then give 10.5 million Kanto silver yuan bonds to investor A for business in Northeast China, and the remaining 19.5 million silver yuan bonds will continue to be used for credit to support the infrastructure construction of the three eastern provinces, including investor A can also obtain a loan of 10 million silver yuan bonds.

Finance is like this, and the so-called political axe is doing this kind of trick.

…… Zheng Guiting has his own industry in Yueben, the scale is not very large, and at the same time serves as the general manager of the branch of the Far Eastern Commercial Bank in the capital, usually in the case of imports, and the commodity can be satisfied, the Far Eastern Commercial Bank will still consider the low price of the product, for example, in the recent cement imports, the sales volume of the cement occupies 1/3 of the import market.

Zheng Guiting has his own set of methods, because the domestic economy can only be described as miserable, and the external market has a very strong force, so when he decides to import Yueben cement, he will always buy the shares of Yueben Cement Company on behalf of the Far Eastern Commercial Bank, and take profits from it to offset part of the import money.

Song Biao and Zheng Guiting roughly asked about the situation on the other side of the country, because the state has too many foreign debts and needs to repay huge amounts of interest every year, the political axe can only step up tax increases, and reduce the scale of Yuyuan's credit. The army has been cut down on a large scale, and almost all of the military factories are operating exclusively for the new army in the northeast, and the most bleak thing is the life of the people in the northeast, unemployment is a normal thing, and a large number of factories have closed down.

Listening to Zheng Guiting's words, Song Biao sighed indifferently.

Now the capital is more bleak than Song Biao expected, the key is that the army has been blown up, and it has not obtained any benefits from the three eastern provinces except for the Lushun military port, and Britain and France have not continued to borrow international debts, which has led to the financial austerity policy on the one hand, and the tax increase policy on the other, and the two sides are attacked at the same time, and the enterprise of the capital should be very difficult.

Anyway, it doesn't matter to themselves, Zheng Guiting and Song Biao continued to gossip and said: "I used to have a small textile factory in Yueben and run some real estate businesses, but now it's really sluggish to the limit. Recently, the factory and workers have been transferred to Jinzhou, and the workers can only go with me, and they will not be able to find new jobs if they do not leave. Today, the textile mills can continue to operate only the big factories of the Zaiben chaebols, who rely on their monopoly to export raw silk to the United States to control the export of Zaben, and with the political axe continuing to support these chaebols, they can continue to dump goods at low prices in North Korea and China in exchange for silver assets. As for many small factories, there are also a number of them in the three eastern provinces, and some of them can only be said to be like a year, which cannot be compared with the eight major textile companies. A few days ago, I met with Mr. Zhang Bishi, who invested in a textile factory in Jinzhou, and he recruited a lot of skilled workers, whose salaries were much cheaper than those of foreign technicians, and their abilities were not much different. Therefore, if the textile industry in the three eastern provinces can develop, I am afraid it will have to thank the decline of the textile industry. ”

Song Biao thought for a while and asked him, "When do you think the economy will be able to slow down?" ”

Zheng Guiting pondered for a moment, and said: "In three or four years, everything that can be done is done, no matter what, there is still a considerable export of raw silk and tea, with the decline of the national economy, domestic imports have decreased, exports remain unchanged, and in a few years it can always be gradually maintained in the Yuan, as long as the Yuan can be issued more, the money supply is loose, and the economy can recover again." Therefore, it is now basically to ensure its own industrial base, and most of the small enterprises are absorbed by large enterprises. ”

"That's it!"

Song Biao sighed.

Zheng Guiting said: "Then should we increase the attraction of small enterprises in the three eastern provinces?" Song Biao thought about it and said: "There is no need to strengthen this matter, it is a good thing that they are willing to come, and it is not a bad thing if they are not willing to come." If the economy recovers, will they have to go back? It is better for us to be slower and lose each other a little more than to use our own markets to cultivate and protect the foundation of our economy. Of course, if you say that there are technicians and skilled workers, as well as instructors, do you want to attract these people, I think you need to be attracted. Therefore, if necessary, we will advertise the job in this book. We try our best to run our own factories and schools, even if we are mainly ourselves, and we do not give them the right to take the lead and the right to buy them. ”

The internal meetings of the Far East consortium are usually held once a quarter, and the most important annual meeting is held between November and December each year, because there are still many heads of subsidiaries who have not arrived in Dalian and have to wait a few days for the official annual meeting of the year.

Now Song Biao has arrived in advance, Rong Xingqiao, Zhang Kangren, and Zheng Guiting have arrived, Wu Yangzeng, the general office of the Far East Mining Corporation, Chen Ronggui of the Cement Corporation, Shen Deyao of the Far East Iron and Steel Corporation, Pan Sichi of the Textile Corporation, Zheng Tingxiang of the Machinery Factory, Rong Yaoyuan of the Shenyang Power Plant, Luo Guorui and Liang Puzhao of the Railway Corporation, and Shu Fangxin of the Xinhua Finance Company have also arrived, and Wang Shuhan, the general office of Yufeng Bank, and Kuang Rongguang of the Chemical Corporation are about to arrive. Tang Jiechen, the new general manager of the Far Eastern Grain and Animal Husbandry Corporation, who was previously a comprador of Jardine Matheson, will soon come from Shanghai.

Some of the main people are here at this time, and they just happened to talk about the problems of the economy, so we will continue to analyze this topic.

The reason why these people in the Far Eastern consortium want to analyze the economy of the province is precisely because everyone understands that the economy is at a basic stage of industrialization, and the three eastern provinces are about to move in this direction, and it is expected that in three or four years, the conflict between the three eastern provinces and the economy will become very serious.

Therefore, it is necessary to understand the opponent thoroughly, and Zheng Guiting has a very important task in this book is to collect information on various enterprises in the capital, so as to facilitate the implementation of the Far Eastern consortium as a whole to make decisions that are specific to the surname.

It's not an annual meeting now, everyone just gets together to chat, talk and analyze at the same time.

At present, Ben's exports are mainly in four fields, raw silk, tea, coal, and textiles, followed by buttons, cigarettes, paper, clocks and watches, kerosene lamps, soap, seafood, mirrors, sugar, and ceramics.

First of all, it is currently the world's largest exporter of raw silk and the world's fifth largest exporter of tea, but these two things cannot be sold in China, and its coal, textiles, buttons, soap, paper and other low-grade industrial products are mainly sold to China and Southeast Asia, including to Hong Kong, the price is very low, and of course the quality is also the worst.

In addition, the clocks that are now exported are not small mechanical watches, pocket watches, or watches, but the kind of "clocks" that are furnished in the family.

The Far Eastern Consortium is particularly targeted in these aspects, because if the three eastern provinces want to develop industry, they can only produce these low-level industrial products at the beginning, and the Far Eastern Consortium must not only meet the needs of the three eastern provinces and meet the needs of the Chinese market, but also sell them to Southeast Asia.

This year, the Far East consortium has invested a huge amount of capital in the coal mining industry, in addition to the Fushun coal mine, at the same time invested in Fuzhou Haizhou Coal Mine, Liaoyang Qidashan Coal Mine, Tieling Coal Mine and other 34 coal mines, plus Kailuan Coal Mine, a total of 36 coal mines will be put into operation within three years, of which Fushun Coal Mine, Haizhou Coal Mine, Qidashan Coal Mine are the three major open-pit coal mines, and the investment scale is also the largest.

The reason why the Far East Railway Corporation is so anxious to give priority to the opening of the Fengfu Railway is because the Haizhou Coal Mine in Fuzhou is an open-pit coal mine, and why it is in a hurry to lay the railway to Chifeng, because an astonishing Yuanbaoshan open-pit coal mine has also been discovered in Chifeng.

Wu Yang once gave Song Biao an estimate that around June next year, the total coal mining capacity of the coal mining enterprises under the Far East Mining Corporation and the Far East Iron and Steel Corporation will reach 300,000 tons per month, and it will reach 500,000 tons by the end of next year, and the Fengfu Railway and the Chijin Railway will probably be opened in the first half of 1908.

The four major open-pit coal yards at the same time, plus other coal mines, the coal mining capacity of the three eastern provinces will increase rapidly by 10 million tons per year in five years, this scale can not only meet the coal demand of the three eastern provinces and the whole country, but also meet the coal demand of the entire Southeast Asia, and at the same time can be exported to the United States, Mexico, Chile and other American countries.

Because the mining price of open-pit coal mine and mine coal mine are completely two concepts, and they cannot be compared at all.

Compared with the total economic output value of the province, the current scale of the coal mining industry is very large, but in the long run, it may not be able to withstand the impact of the coal mines in the three eastern provinces, unless the coal import tariffs are raised on a large scale.

There is no suspense in this matter.

Some people like to say that Ben himself does not mine coal and buys Chinese coal and buries it in the sea, which is a rumor, and Ben still has its own coal mining industry until the 21st century, and it has been subsidized by political axes since the 70s.

After Shandong was occupied by Germany, Yantai and Qingdao were large-scale imports of coal mines, and before the textile industry was fully developed, the largest export to China had always been coal mines, and the total amount of coal mining in 1905 had reached 13 million tons.

This may be something that many people don't think about.

At the strong suggestion of Zheng Guiting and Wu Yangzeng, the matter was approved very early within the consortium, and everyone tried every means to borrow money, to raise funds to arrest the coal industry in the three eastern provinces, to hire a large number of geological engineers from abroad, especially from Russia and Germany, and to work together with the mining bureaus of the three eastern provinces to find large coal mines in Liaoning and around the railway.

Chifeng is not the jurisdiction of the three eastern provinces, Wu Yang has been in the Kailuan Coal Mine as the general office, once personally went to Chifeng and Chengde to investigate, knowing that there are coal and iron mines in Chifeng, a few months ago secretly sent a team of German experts to explore, the result was a big surprise. Now the concrete results have not yet come out, and the railway is in a hurry to repair it.

This year, according to Rong Xingqiao, Zheng Guiting and Pan Sichi's suggestions, the main thing is to talk about the textile industry, although Wu Yangzeng and Shen Deyao want to discuss the steel industry as the focus of this annual meeting, Song Biao is unlikely to see this posture at present, because everyone is still more concerned about the textile industry, mainly because the export scale of textiles to the three eastern provinces is getting bigger and bigger.

The purpose of the Far Eastern Group is the simplest, and from the very beginning it was fixed by Song Biao on the eight words of "increasing exports and reducing imports", and everyone is expected to talk about two key issues this year, one is the establishment of soybean exports and oil processing industry, and the other is the comprehensive preparation of the textile industry.

Steel is a fart problem, there are not many imports, and there are not many exports, and it is not busy here yet.

For the problems of the textile industry, Zheng Guiting and Pan Sichi prepared very detailed information, which was originally to be sent to everyone at the annual meeting, and now they will take it out for Song Biao to see, Rong Xingqiao They have already seen it, and now they are waiting for Song Biao's attitude after reading it.

The one prepared by Zheng Guiting is the overall report of the textile industry, and the one prepared by Pan Sichi is the overall report of the domestic textile industry and the summary report of imported textiles, which are actually three reports, each of four or five pages.

Song Biao sat down on the sofa and watched slowly, and others also took this opportunity to watch it again, review it, and feel the threat of the textile industry to China and the Far Eastern consortium.

Song Biao felt a lot after reading it, and there were a lot of new understandings, which basically broke all his previous illusions.

The three reports summarized a total of six problems: 1. The overall level of the textile industry is not high; 2. The textile industry in China and Southeast Asia has no dumping problem in the strict sense, its product quality is the worst, the price is the lowest, compared with the domestic textile industry, the quality is high, the price difference is not big; 3, said the textile industry has generally realized that if it is in China to invest in the factory, the overall benefit can increase by about 10%, Mitsui consortium has now controlled the two large enterprises in the Shanghai textile industry, a total of 45,000 spindles, in 1905 thanks to the Russo-Russian War, the yield is as high as 20%, this year's annual yield is also stable at about 10%, compared with other textile mills in Shanghai still have a higher profitability; 4. The cost advantage of this is based on five aspects, low labor costs, low tariffs, low export taxes, low freight, and low cotton costs, that is, the labor cost of this is low, the tariffs for entering the Chinese market are low, and the export tax for foreign exports is almost equal to none, and the freight is much lower than that of European and American products, and the price of cotton bought from North Korea is extremely low. Actually, no, Mitsui & Co. is the largest textile manufacturer in Japan, and it is very profitable to export textiles to China, and it buys cotton at low prices in North Korea because it is forcibly protected by the political axe.

5. The overall problem of China's textile industry is that the scale is small, the working capital is too tight, the technology is poor, the number of skilled workers and related machinery maintenance workers is too small, the management level is low, and the product homogeneous competition is mainly based on low-end cotton yarn processing. For example, the two textile factories Yujin and Dachun acquired by Mitsui & Co. in Shanghai were all due to the rupture of working capital under the pressure of bank debts, resulting in Mitsui & Co. renting the two textile factories for only tens of thousands of taels of silver, and then using the profits of the textile factories to buy the enterprises again.

Now Mitsui & Co. has registered in Hong Kong to establish the Shanghai Textile Society, for the holding of the Yujin, Dachun two textile mills, the total share capital of the two textile factories is exactly 1 million taels of silver, Mitsui & Co. actual capital contribution is only 110,000 taels, bought Yujin 1/10 equity and leased production rights with 35,000 taels of silver, and then also spent 75,000 taels of silver to buy 1/10 equity and lease rights.

At present, more than half of the shares of the two textile factories are still in the hands of Chinese businessmen, compradors, and European and American foreign firms who have close ties to Yumoto, and Mitsui & Co. is gradually buying shares with the profits of the factories themselves.

6. The total spindle of Shanghai's textile industry is now 300,000, and Mitsui & Co. accounts for 15%, Zheng Guiting has got a very important news, that is, the real largest textile giant Osaka Nei Cotton Textile Co., Ltd. has been preparing to invest in Shanghai.

If these enterprises are coming, then the eight systems of the textile industry in China will reproduce history, and at that time, it will be really difficult for China's textile industry to turn over...... In fact, it is basically equivalent to pronouncing a suspended sentence for China's textile industry.

Song Biao finished reading the three textile industry reports in his hand, and as soon as he threw the report on his lap, Zheng Guiting couldn't wait to persuade Song Biao: "My lord, the textile industry in the three eastern provinces can no longer wait, and China's textile industry can no longer wait." If the domestic market shrinks very quickly, it is difficult to recover within three or five years, coupled with the success of Mitsui & Co.'s investment in the Shanghai textile industry, it is the general trend for the major textile enterprises to transfer to the domestic investment factory, if we do not exert force now, and so on the major textile enterprises in the domestic textile industry to occupy the leading position, it will be really difficult for us to regain the market. ”

Song Biao was forced to nod in agreement, and Rong Xingqiao, Zheng Guiting and others sighed: "This matter must be discussed at this year's annual meeting, and next year's capital flow must also be quickly transferred to the textile industry." It is difficult to see results in running a steel mill with tens of millions of silver, and it is another thing to run a textile factory. The iron and steel industry should be run, but the priority should be to run the textile industry. We must not only run the textile industry, but also strive to achieve very large-scale results in three or five years, and compete with the textile factory. What do you think, let's talk about it now. ”

Pan Sichi said: "I discussed with Zheng Guiting and General Director Rong that if the textile industry in the three eastern provinces and China wants to really run well, we must first solve the problem of raw materials, and the planting of cotton must be well promoted; Secondly, textile schools must be run, and a large number of them must be done, to cultivate their own textile industry talents, management, technology, sales, cotton four aspects must be trained; The third is that the dye industry must be tackled from now on; Fourth, the textile industry must have certain support policies, especially local textile enterprises to strengthen support; Fifth, sales work should be grasped. Especially on the fifth point, the quality of the textile products is not high, but its trademarks are very particular, for example, the best-selling golden dragon, goldfish, double deer, flower butterfly are the best selling in Shandong Province, they are said to be my special brand, their weaving pattern is also the common people like peony flowers, Fu Lu Shou, dragon and phoenix Chengxiang, five blessings, moon palace map, Guanyin send, carp jumping dragon gate and the like, their flower cloth is worse than the quality of foreigners, better than us, the price is about the same as ours, much lower than foreigners, and there are many patterns, but also special to meet the needs of the country, neither we nor the foreigners have any way to compete with them. Therefore, when I talked about these with Zheng Guiting and Mr. Rong, I felt that the gap between our textile industry and the book was a comprehensive surname, not a problem of poor places, but all of them were bad, and all of them had to catch up. Especially for the weaving and printing and dyeing parts, we must find a way. ”

Song Biao could only say "yes".

As the governor of the three eastern provinces, there were few ways he could take to deal with these things, that is, to grasp the local production of cotton, and the rest could only be found within the Far Eastern consortium.

Zheng Guiting continued to say to everyone: "My point of view is this, even if we set up the textile industry in the three eastern provinces, because the tariff of this product is low, our products are sold from the three eastern provinces to the customs, and the price is not much cheaper than that of this one." If you want to comprehensively block the textiles of Yueben, you still have to find a way in Shanghai and Tianjin at the same time. Especially in Shanghai, old textile factories such as Lao Lao Mao, Rui Ji, Hongyuan, and Xinchang have problems, and we can buy them and continue to operate. For example, the layout of Shanghai machine weaving, now after several turnovers, originally invested in a million taels of silver, after all, it was very poorly operated, and finally sold to the integration company, the integration company is run by the British business, the capital scale is small, and it can't hold on, and now it has to be sold. I can buy it if I think so. We have a big family, and it is not a problem to last for five or six years. ”

After he finished speaking, everyone looked at Pan Sichi, because Pan Sichi came out of the Shanghai machine weaving layout, and he was the last weaving layout general office.

Pan Sichi was very embarrassed at this time, he was responsible for selling the layout of Shanghai machine weaving to the British integration company, which was a shareholder of Jardine Matheson Co., Ltd., and another relatively small British-funded foreign firm, plus the Chinese compradors of Jardine Matheson and other banks jointly raised capital to prepare, so it was called an integrated company, with a registered capital of 700,000 taels of silver and a paid-in capital of more than 500,000 taels.

Because the scale of capital is not large, the integration company has lasted for a few years, and now it is not good, Jardine Matheson has already sold its shares and fled, and other Chinese businessmen want to continue to hold on, which is estimated to be unlikely.

Pan Sichi said a little about the integration company, and said: "The machine weaving layout was profitable in the early years, and the "Shimonoseki Treaty" was finished as soon as it was signed. Ten years ago, the textile industry was not good, and the textile products of the book were really sold to China on a large scale, first of all, they rose in Shandong, but that was five or six years ago. However, Britain, France, the United States and other countries have MFN clauses, and they also sell foreign fabrics at low taxes, especially American foreign fabrics and Indian ocean fabrics, which are very cheap. The weaving layout is different from the cotton yarn factory, and it is more difficult to make money, but there are more than 1,000 people in this factory, and many workers have worked for more than 20 years. The first is that the price of dyes is low, and the quality is acceptable; Second, the original wages of weaving layouts are a bit high, which is much higher than the wages of weavers in China, and this must be reduced; Third, the pattern must be renovated, and it will not be sold at all if it has been a pattern for more than ten years. I estimate that the integration company can sell it for 400,000 taels of silver, and if they don't sell it this year, they will still have to be sold in two years. The mentality of those people is that the factory can not make money, and if it lasts for a few years, the price of the land will rise, and then sell the land to get a vote. Let's buy this factory back, that's a good thing, but if we really want to do this thing well, it really won't work for three or four years, the key is to continue to recruit technicians, train people, and make up new tricks every year. We'd better run a textile school directly in Shanghai, and develop together with the three eastern provinces, otherwise don't toss, it's not a matter of really losing up, here you lose 100,000 a year, 50,000 there, and at the end of the year, even if our family business is big, we can't support such a loss. It's okay to lose money, but we have to think clearly about the tricks and understand when we can make money! ”

Song Biao was also very anxious when he heard this, but he didn't make a decision.

When the annual meeting is held, everyone comes over, and how to do a good textile industry has to work together, think clearly about the principles and steps of policy countermeasures and long-term investment, and then decide whether to buy the layout of machine weaving.

Speaking of which, China's textile industry is not easy to develop, and the textile industry is also so hard, and there is no dumping in China, because people still make money, but they make small profits but quick turnover.

If you don't just say that others are engaged in dumping, then it is not interesting, because others have North Korea and cheap workers to exploit, what can you do with them?

It sells cheaper than you, and there is always a reason to be cheaper than you.

Of course, it has indeed dumped a lot of things in China, and it produces too much in China, and it can't sell it, so it must be sold at a low price in China, because you have the lowest tariffs in China and the largest population, so if you don't dump waste here, where will you go?

Is it going to the United States to dump?

Whether it is the trade and competition of the textile industry or the trade and competition of the economy, it is such a situation as a whole!

It's not interesting to frame others, the key is to work hard to develop yourself.

Anyway, Song Biao has already stated that this year's annual meeting of the Far East Consortium will definitely discuss the issue of the textile industry, in any case, from next year onwards, we must come up with a comprehensive series of various methods, we must develop the textile of the three eastern provinces, and the textile industry of the Far East Consortium must be run.

No matter how hard it is, you have to work against me.

There is no way to do it, the Far Eastern Consortium and the Mitsui, Osaka, and Mitsubishi consortia are the same level of difficult brothers, and those consortia are the capitalist broad road that has taken ten years longer than the Far Eastern Consortium, and as long as the Far Eastern Consortium develops for four or five years, it will definitely have to fight to the end with Mitsui and Mitsubishi.

I really can't help it.

High-level industry, the Far Eastern consortium can't get up, Mitsui, Osaka, and Mitsubishi can't toss either, everyone can only stumble on low-level industry, knock to death one counts as one, knock to death as a mother will lose a bunch of sons, knock to death a consortium to die a bunch of small companies.

Now don't talk about patriotism, don't talk about heavy industry, don't talk about steel shipbuilding, don't talk about machinery and electricity, brothers, compatriots, survival first!

There really has to be a lot of money to squander, why should the Far Eastern consortium find a German company to jointly build the Hanyeping Iron and Steel Plant?

The Far East consortium now has an idea, survival first, the steel industry must be engaged, and it is enough to build a Liaoyang Iron and Steel Plant as the basic life and death bottom line, and everything else is bait, save the Liaoyang Iron and Steel Plant.

As for machine tools, machinery, shipbuilding, electrical...... Let's wait for the annual meeting in a few years, let's do a shelf now, a small toss, don't lose too much money, if you can join the shares, you can pull others to lose together, then pull others to lose together, an industry to run a secondary school, wait for the school to run the results, not so urgently lack people, let's invest again.

You said that a technical secondary school produces dozens of instructors and hundreds of students graduate every year, but that is impossible, you are talking about the Far Eastern Army Non-commissioned Officer School, and the Liaoyang Mining School and the Liaoyang Metallurgical School both have only a dozen instructors, and at most forty or fifty people graduate every year, which is not bad.

Don't look at the Far Eastern consortium's current shelf is very huge, this export will go to tens of millions of pounds, the railway is a big investment of tens of millions of pounds, things can't be seen like this, exports tens of millions of pounds, profits are only a few million pounds, most of the railway investment is based on loans, and pull foreigners to cushion their backs, you carry half of it, I carry half of it, and you have to die together.

In fact, the Far Eastern consortium is also a group of budget-conscious masters.

If you don't plan carefully, a penny is cut in half, who will hold an annual meeting!

In a thousand words, the Far Eastern consortium is so calculating, and it is even more difficult for other national enterprises, and the enterprise consortium is similar, working hard, and laughing sweeter than anyone else if they can have 10% of the net income in a year.

Business, that's what it is.

Perhaps the only good news for the Far Eastern consortium is that there are two banks, and one is the central bank of the three eastern provinces, and the Far Eastern consortium, which controls the Northeast Bank and the Far Eastern Bank, actually has a very evil advantage, which makes the Far Eastern consortium in a relatively unfair competitive situation in the three eastern provinces.

In Shanghai, the Far Eastern consortium may not be able to do it, but if it wants to return to the three eastern provinces, it will really be able to do the fart of the foreign company.

There is no way, the Far East Consortium is the sole proprietorship of the Northeast King in the final analysis, and the general directors and general offices can only be regarded as senior professional managers and partners who take futures stocks, with Song Biao and the Northeast New Army as the backstage, and the Far Eastern Consortium is at least sideways in the three eastern provinces.

Therefore, the Xinhua Finance Company, which has a military background, can also take advantage of various advantages within the Far East consortium and collect money from the ground.

(To be continued)