291 Wuhan New Deal (4)
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In 1925, in order to speed up economic construction, the Wuhan government announced the construction of a railway network in its jurisdiction, and at the same time started the construction of the Han-Shanghai line and the Guangdong-Shanghai line, which were planned to be completed within five years. **
The railway plan also includes the Chengdu-Kunming Railway, the main artery of the southwest, and the Sichuan-Hankou Railway. The premise is that all circles of military and political circles in Sichuan will show their sincerity to the Wuhan government and bring Sichuan into the territory of the Wuhan government's rule.
Wuhan's move has once again attracted the attention of the whole country, and the major moves such as the New Testament revision movement, the reclamation of concessions, the independence of tariffs, the abolition of the cent, and the unification of finance and the railway plan have all made it clear that the focus of this regime is not on external expansion, but on building the economy in a big way.
The people in the southern provinces were encouraged by the people, and a railway boom began to spread, especially the warlords such as Yang Sen and Liu Wenhui, who were entrenched in Sichuan.
The people of Sichuan have suffered greatly from the warlord scuffle, and their economic development has lagged behind that of the southeastern provinces for a long time, and the Chengdu-Kunming Railway and the Sichuan-Han Railway plan have once again ignited their hopes, hoping to find a 'way out of Sichuan' as soon as possible, so they put a lot of pressure on the warlords in Sichuan, and they did not expect that the Wuhan government would not continue the Northern Expedition, but suddenly turn its guns and move westward.
On the one hand, the Wuhan government invited celebrities from all walks of life in business and government from Sichuan to Wuchang, and Chen said that after the reunification of Sichuan, it would vigorously invest in the construction of railways and waterways to transport Sichuan into Sichuan, so as to promote the economic development of the southwest, and at the same time make good preparations for liberating Sichuan by force, and General Li Zongren, who had made great military achievements, led an army of 100,000 troops from Hubei and Yunnan into Sichuan by two routes. Most of the officers and men were from poor Guangxi, and they were proficient in mountain warfare, and the Sichuan army, which was poorly equipped and had weak combat effectiveness, was more than enough.
Situ Mansion, with brilliant cherry blossoms and beautiful lakes and mountains, is a rare good time for pastime.
Lin Yimin and Song Ziwen came together to discuss with Situ Nan about the preparation of railway funds.
When it comes to entering Sichuan, Song Ziwen has some objections: "The Sichuan Basin is under our blockade, in fact, we don't need to rush into Sichuan and delay it for a few years." The water mill can finally clean up those Sichuan rats. ‘
What he meant was that there was no need to rush.
You have a point. Situ Nan nodded, believing that Li Zongren would complete the task of entering Sichuan smoothly.
As a rear base, it is better to develop Sichuan sooner rather than later, and Situ Nan will not forget that in the Sino-Japanese War, the southeast coast was completely lost, and only the southwest natural danger was able to block the Japanese invasion.
In the event that history repeats itself, the large-scale southwest base will become the last capital of China's future war of resistance. It will not be like history, cramming to the southwest in a hurry.
This was Situ Nan's cautious mind, and he smiled slightly at Song Ziwen's complaints, and shifted the topic to the 'disarmament issue' that Song Ziwen was interested in.
Song Ziwen was really interested, and said excitedly: "At present, the size of the army is strictly exceeding the standard, and I am ready to link the disarmament and railway plans together, remove the essence of the army, and reorganize the downsized troops into engineering troops." This allows for the maintenance of sufficient reserves. There is also an efficient construction team, count it down. It can save a lot of money. ‘
Situ Nan was not surprised by Song Ziwen's construction: 'It should be. ‘
The ruling foundation of the Wuhan regime is inseparable from the newly trained national capitalists, who will serve as grassroots cadres of the Zhi Gong Party in the countryside after their retirement, ensuring that the vast rural areas will not escape the control of the government.
In this regard, Song Ziwen deeply agrees. It is believed that the military will also welcome this plan.
Lin Yimin found an opportunity to intervene in the conversation between Situ Nan and Song Ziwen. 'Okay, let's talk about the bank!' This is my plan to integrate banking and finance. ‘
Lin Yimin took out a file. With a confident smile on his face, he is clearly confident.
Situ Nan and Song Ziwen became serious and listened to Lin Yimin explain the bank plan he had drawn up.
Lin Yimin is ready to take action against domestic banks, including the Bank of China and the Bank of Communications, to nationalize them, strengthen the Wuhan government's control over the financial industry, and at the same time deal a great blow to the Beiyang government.
The mere loss of grain from the south would greatly reduce the combat potential of the northern warlords, not to mention the Wuhan government's financial system.
'Are you sure?' Situ Nan asked.
'Hmm. The executives of the two banks have already arrived in Wuhan, and they are more anxious than me. ‘
Lin Yimin said with a smile.
Bank of China and Bank of Communications were established in the late Qing Dynasty, and are state-level large banks, although the headquarters were in the běi at the beginning, but the Shanghai branch is the core asset, and important branches such as Nanjing and Guangzhou are under the rule of the Wuhan government, and it is natural to move closer to the Wuhan government.
The funds of the two major banks were diverted by the Beiyang government several times, owed a lot of bad debts, and almost went bankrupt, and the shareholders were already dissatisfied with the head office of Běi.
In order to get rid of the Beiyang government's control, Zhang Jiajiao, president of the Bank of China, wantonly recruited commercial shares from the Jiangsu and Zhejiang consortium and major banks, exchanges, Shenxin, Baocheng Yarn Mills and other large enterprises in Shanghai and other places during World War I, and diluted the Beiyang government's shares in the Bank of China, so as to break away from the control of the Beiyang government.
The year before last, that is, in 1923, the Beiyang government's financial support was insufficient, and 5 million yuan of official shares were sold, and Zhang Jiaguang organized shareholders to eat these shares, and now the commercial shares of the Bank of China account for more than 99%, completely out of the control of the Beiyang government. ‘
Speaking of this, Lin Yimin smiled: "30% of the shares were held by the American-Chinese Bank, and Cao Kun and Wu Peifu transferred part of the Bank of China to us in order to repay the debt owed to us.
Meihua's Dasheng Group and other enterprises also hold a lot of shares in Bank of China, adding up to nearly 50%, and we are the majority shareholder of Bank of China.
Bank of China has a total share capital of more than 30 million silver dollars, although it is not as influential as the big international banks such as the United States and China and HSBC, but it is very influential in the domestic industrial and commercial circles.
I intend to take a stake in the Bank of China in the name of the Ministry of Finance and transform it into a large semi-official commercial bank controlled by the central bank and the Bank of America and China, and only with domestic support can it compete with foreign banks.
The same is true for the Bank of Communications, but its business focuses on domestic transportation construction and the development of agricultural and mining resources. ‘
It is conceivable that with the economic take-off of the south, Chinese banks such as Bank of China and Bank of Communications will usher in a great opportunity for development.
Situ Nan glanced at Lin Yimin and Song Ziwen, and saw excitement in the eyes of those two guys.
Perhaps not only because he saw the prospects for the development of the country, but also because of the factors of the re-expansion of personal family interests, Situ Nan knew it.
However, compared to the chaotic Kuomintang government during the same period, the shape is much better, and it is natural that some people have risen quickly with many advantages.
Situ Nan's jaw was headed, agreeing with Lin Yimin's approach: "That's right. Bank of China and Bank of Communications will play an important role in the next industrial construction.
Now that the Wuhan government is short of funds, the US-China consortium should use its own financial and technological advantages to concentrate on heavy industry and infrastructure construction, and cooperate with the government. ‘
These words came to the hearts of Lin Yimin and Song Ziwen, and they understood that the confrontation between China and Japan was to a large extent a confrontation between the American-Chinese consortium that controlled China's heavy industry and the Japanese industrial oligarchy represented by Mitsubishi.
I don't know what Lin Yimin thinks. probably infected with Situ Nan's habits, and originally said that Lin Yimin would be the premier of the executive and Song Ziwen would be the minister of finance.
Lin Yimin pushed Song Ziwen out, took a step back, and chose to be the governor of the central bank and create a national financial system.
After moving the capital to Wuhan, the Bank of Guangdong was transformed into a central bank, headquartered in Hankou, and successively established branches in the thirteen southern provinces.
At present, the central banking system is not perfect, and it has to rely heavily on the Bank of America. The U.S.-China Bank actually assumes some of the functions of a central bank.
In the original Bank of Guangdong, although the government was the largest single shareholder. However, the U.S.-Chinese banking companies secretly control more than half of the shares, which is the real central bank.
Mr. Lin does not seem to be going to change that, but has made superficial changes to increase the Wuhan government's stake in the central bank from 40 percent to 51 percent, and has made another debt to the Bank on paper.
Considering that the government has invested very little, only in name, most of the actual funds are advanced by the Bank of America. This result is not unreasonable.
The U.S.-China Bank is the only bank other than the central bank that has the right to issue fiat currency, and other financial institutions, including foreign banks. Currency is not allowed to be issued in any of the thirteen southern provinces.
Now controlling the Bank of China and the Bank of Communications is equivalent to two more economic tentacles, forming a tight and complex financial network.
In view of the lack of hard currency from the central bank, Lin Yimin Jian 'borrowed' 100 tons of gold from the American-Chinese Bank to issue the first fiat currency.
Situ Nan nodded yes, although it was a bit troublesome to transfer the gold from the South China head office.
'It is not enough to borrow gold, it is more important to prevent the outflow of silver and gold from the country. There are a lot of crazy guys in Shanghai who are planted in the hands of the tax police group, and they can't eat and walk around. ‘
Song Ziwen gloated a little.
Clear-sighted people know that the southern customs area will usher in the opportunity of rapid economic development, but there are many speculators who collude with foreign forces to resell gold and silver.
The establishment of the Tax Police Corps was his proud achievement. In order to stabilize the financial order, the government banned the circulation of silver and gold, but criminals took advantage of the government's weak supervision to transfer assets to other regions.
Now the war under the Wuhan government is largely gone, but an invisible financial war has just begun
When he came to Wuhan, Zhang Jiaxuan was very worried, and finally managed to 'rescue' the Bank of China from the Beiyang government, and now it seems that he is also being targeted by the Wuhan government.
'I wish a qiē shun lì. He muttered, accompanied by a gentle young woman, who was his sister Zhang Jiajun, also known as Zhang Youyi.
The Zhi Gong Party government is committed to economic construction, and it is rare to hear of any arbitrary measures, so maybe this is an opportunity. ‘
Zhang Youyi comforted.
She specially accompanied her brother to Wuhan for an 'interview', and by the way, she saw Wuhan and should be distracted.
You don't understand, they're the big bosses of the Bank of China. I'm just worried that the banks will return to becoming the private treasury of warlords as they did in the Beiyang era. ‘
Zhang Jiaxuan shook his head lightly and said with a smile.
ps: Author's words: I was sick during the Qingming Festival, and it lasted for several days, and I was in a trance, so I haven't updated it, and some of them can't stand everyone.